40 Burst results for "Musk"
Crypto Critics' Corner
A highlight from Elon Musk's ESG Con (Feat. Eric Roesch)
"Welcome back everyone, I am Cas Pianci. I'm joined as usual by my partner in crime, Mr. Bennett Tomlin. How are you today? I'm doing pretty well. How are you Cas? I'm doing good. It's early morning here, but today we're joined by a really special guest, somebody who's going to be chatting us through some really fun kind of concepts of fraud, individuals involved that I'm surprised we haven't discussed before. Eric Roche. How are you today, sir? I'm all right. How are you guys? Hanging in there. As you said, when we first jumped on, there's a lot of fraud in the world and it is hard to find the time to constantly look into it, which is your job. I reached out to you because I've been reading some of your Elon Musk work, which has been incredibly informative. I'm honestly shocked that Bennett and I have never discussed, I guess we've never discussed in an episode, Elon Musk and our issues with him. I mean, I've made a bunch of videos and stuff about it. Yes. On your personal channel you have. You and I, who I think we almost equally don't like this guy, have somehow avoided this topic. But Eric, your work on SpaceX and some of the permitting, the issues around the chemicals and the sheer like, I don't give a shit about these regulations, been on the front lines of this. Can you talk about why you're so into this, why you're so fascinated by it? I actually want to start with a story from 1959. This is actually a piece I'm working on. We're going to go to the corporate headquarters of the Chisso Corporation in Myanmar, a province in Japan. In December of 1959, the CEO of the Chisso Corporation, which was a chemical company, had a big PR presentation. The company had just installed a new water purification system for their wastewater system, and he famously took a glass of water out of the bottom of this purification vessel and he drank it as a PR stunt. Just that moment in time is really interesting for me because it was preceded by multiple decades of the Chisso Corporation dumping organic methylmercury into the Bay of Myanmar. It's an organic liquid. It goes to the bottom. It bioaccumulates as it kind of goes up through the ecosystems. The bacteria will kind of incorporate the methylmercury. It stays in the cells and it'll go up to the muscles and then the fish. Cats started eating it and they started showing weird symptoms. Children started getting sick. The effects of this disease have gone on and it's still actually going on today. The reason that moment in time is so interesting is that people knew in advance that there were problems. It was very clear that this was the one kind of chemical dirty company in the area. And so it was easy for people to point at it. And what's really interesting about that PR event is that that was forced to be installed because finally government took action and this is in 1959, but they actually didn't stop discharging that chemical for about a decade afterwards. And what's fascinating about it is that treatment technique was basically to get out particulates didn't actually treat the methylmercury. The other reason I bring it up is that for the PR stunt and the fact that it was ineffective and then also the costs over this huge period of time were something that shareholders in the company would have wanted to know. That's something that we would have wanted to discuss. And so that's why my blog is kind of focused on these kind of ESG topics, which has become this really kind of crudely discussed topic. But really, it's about disclosure and how fraudulent things, fraudulent risks can kind of manifest in ways that people don't understand until after the fact. That's where I want to start off that discussion. That's an interesting story you told because I'm imagining this executive drinking this cup of water to prove it's clean. And I'm reminded of a more recent political event that kind of aped that same imagery. And I'm, of course, thinking of Barack Obama visiting Flint, Michigan, after they had completed the first wave of fixing some of the water issues. Yes. And they were holding this big press conference and he makes a big deal of getting this glass of water, he says is straight from the tap, and he drinks it up to prove it safe. Do you have any thoughts on that imagery, that parallel imagery between those two? Well, the reason I brought it up is is specifically because of that. Well, there's also an example where Halliburton executive and I believe Dick Cheney was at this event as well. They drank basically a diluted version of the fracking fluid out of out of champagne glasses and I will see it safe. And it's really fascinating because it's like, you know, look at like basically that was the first example of that. And we keep doing that. And Obama, I think he's kind of at the inflection point of why we are where we are. And he's a really great Segway into like Musk and how he's become kind of untouchable. How are you drinking the glass of water still? Right. Because even if even if it had a toxic amount, right, methyl mercury is dangerous because it accumulates slowly over time and then works its way up to the food chain. So you could drink glass that has a decent amount of methyl mercury in it. And like that water isn't going to do anything. You have to drink that same glass of water. You have to eat those shellfish or those oysters, you know, every day for years. And then it builds up, kind of manifests in this debilitating disease that the Obama example is exactly why I still bring that case up, because it's like, have we actually learned nothing? I actually have an even more recent example of exactly the same thing, which is crazy. But I don't know if you guys are familiar, there's a YouTuber named Kyle Hill who does science science YouTube stuff. And he was invited to Fukushima because, as you guys know, they're going to be releasing this this radioactive water that they've accumulated because they've if anyone is unfamiliar, they've had to kind of take seawater, pump it into this completely effed up clear reactor core and basically make sure that it doesn't explode again. And they're storing this water because they don't want to just pump it straight out into the ocean. Well, now they're going to be pumping it straight out into the ocean after they've tried to kind of dilute it down and ensure that it's not super full of radiation. But they're getting pushback from places like China and South Korea who are saying, hey, we're not going to eat your fish anymore. We're not going to eat your food anymore. Like this is unacceptable what you're doing. To be fair, I don't think this is on par with any of the things we've discussed so far. I'm bringing it up because Kyle Hill went to a Fukushima tour and they did exactly what you're talking about. They pulled out bottles of water and said, here, everyone, look at this radioactive water. It's not even radioactive. You guys are fine. Nothing's happening. You're you're not getting hit. Your Geiger counters aren't going crazy. Well, it turns out that they're using plastic bottles. So this is, I think, theta radiation. It doesn't go through thick plastic bottle anyway. Like nobody is drinking it. Nobody is doing like any of the proof isn't actually proof. This is actually part of what we're talking about in that this is just PR shit, whether it's Obama doing it, the Fukushima plant doing it, or in the 50s, Chisso Chisso. That's the other thing. All right. So the Fukushima water rights, you look at the data they've presented. I actually think it's probably not a problem because it's above background. That brings up the question, why do we distrust it? Right. And the Chisso Corporation is a perfect example. Well, you know, the government's lied about this before. It's the same thing that leaves a lot of vaccine skepticism we see about these things don't just come from nowhere. Right. So you see, you know, these these kinds of paranoia.
News, Traffic and Weather
Fresh update on "musk" discussed on News, Traffic and Weather
"John Libertini, Northwest News Radio. Expanding internet access to every corner Washington not only means connecting communities with service but also with jobs. Northwest News Radio's Ryan Harris explains. There are rural, tribal and other areas of the state that are desperate for internet connectivity like Washington farmers who now have equipment that's part of the Internet of Things but who are limited to using Elon Musk's expensive Starlink service to run the equipment. The State Department of Commerce Internet for All program has a lot to consider especially if it wants to get federal funding not just which area should be prioritized for building the backbone internet but for training the workforce needed to build it. Lisa Heaton the program's digital equity director says they'll have to compete with the whole country for that federal money. How do you balance kind of cost affordability the local nature of a workforce and that's why we're having these conversations with our partners particularly Employment Security Department and the Workforce Training Board. The program has some draft plans out for public comment now and others expected in the coming days so they can get all comments by the end of October. Ryan Harris Northwest News Radio. We check the Beacon Blimey Sports Desk at 10 and 40 minutes past the hour at Seattle's T -Mobile Park tonight. Another critical Mariners game against the Rangers and right now looking good. The bottom of
The Charlie Kirk Show
A highlight from THOUGHTCRIME Ep. 14 Ukraine's Top Tranny Gets Fired. Russell Brand vs. The World. Thinking About Rome?
"Hey, feeling unsure about your finances these days? You're not alone. That's why Noble Gold Investments is here to help. Just hear it straight from the people who they've helped. The Noble crew walked me through everything with no stress. With their help, I could finally sleep easy at night. And now this month, Noble Gold Investments is handing out a free 5 -ounce silver America the Beautiful coin if you qualify for an IRA. Invest in gold and silver with Noble Gold Investments. Go to noblegoldinvestments .com right now. That is noblegoldinvestments .com right now. Hey everybody, happy Saturday. Thought Crimes, how often do you think about the Roman Empire? We ask that question more than you might believe. We also talk about the differences between men and women, micro versus macro. We cover Russell Brand, Ukraine, and more. Email us as always, freedom at charliekirk .com. Get involved with Turning Point USA at tpusa .com. That is tpusa .com. Start a high school or college chapter today at tpusa .com. Become a member to listen to our show advertiser free at charliekirk .com and click on the members tab. And as always, you can email us freedom at charliekirk .com. Buckle up everybody, here we go. 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 done an amazing job. Building one of the most powerful youth organizations 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. The revolution continues, we can still commit thought crimes. For now, joining us tonight is fan favorite, 10 out of 10 rated, Blake Neff. Say hi, Blake. Hello. That's where he goes. Hi, Blake. Andrew. Andrew Colvitt. Yes. Hello, sir. Andrew and Jack Pessobic. I can't wait for the Halloween episode where Blake is like, Okay, let's dive right into it. Jack, true or false? We got a tranny fired. True. 100 % true. Although, if I might add, the tranny has not just been fired. This is in the quote unquote Sarah Ashton Cirillo, actually known as Mike Ashton Cirillo, the spokes tranny for the Ukrainian military. Not just fired, but actually placed under military investigation. So very excited. Not a good thing to be under military. So do we have the tape? We have the tape of her talking about the Russian devils. And then the question is, was there a Russian devil that was taken up by other means, which actually segues to our second topic? We'll see. That is a real thought, crime. But Jack, build this out. You're on some sort of Ukrainian hit list. Ukrainian government wants you dead. So Jack, tell us about it, and then we'll get to it. So yeah, the Ukrainian government, specifically their intelligence service, the SBU, has this roughly to peacemaker, but it's been referred to as a kill list or a hit list where they will place people that they consider to be quote enemies of Ukraine. And now Elon Musk appeared on this list at one point. The pope appeared on this list at one point. Tucker Carlson, Glenn Greenwald are on this list. And while we might think it's funny or silly, there's actually an American hostage right now that's being held by the Ukrainian government, a blogger and YouTuber by the name of Gonzalo Lira, who was living in Ukraine and was posting on his YouTube channel that he disagreed with Zelensky's government. He was then summarily arrested by the special services of Ukraine and has since disappeared. There have also been people that were placed on this list, including an Italian journalist, Andrea Rochelli, and numerous Russian bloggers, as well as one girl who's the daughter of a Russian political figure who were assassinated in Russia using car bombs and other improvised explosive devices after being placed on this list. After their killings, their entries on this dossier list wrote liquidated. So I was placed on this list and I was made aware of that earlier this week, right around the same time that you were really exposing everything, this American, I guess the word is American recruit for Ukrainian forces. Ashton Cirillo was saying in this completely unhinged rant, saying all Russian propagandists will be hunted down wherever you are and your teeth will Nash as we we we show you justice, only he's not the one who was dishing out the justice. It turns out he's actually the one who's facing justice now. And so let's play the tape here. And this is now play cut 22. Russia hates the truth that their obsessive focus on a Ukrainian volunteer is simply allowing the light of the Ukrainian nation's honesty to shine brightly.
Spellcaster: The Fall of Sam Bankman-Fried
Fresh update on "musk" discussed on Spellcaster: The Fall of Sam Bankman-Fried
"Bloomberg Broadcasting Radio. wondering. 24 hours I'm Hannah a Miller, day at Bloomberg .com President Diane and Biden the is Bloomberg Feinstein. honoring Business the Act. late California During remarks Senator in Arlington today, Biden said Feinstein was a trailblazer for Women and a great friend and made her mark on everything from national security to the environment gun to protecting civil liberties. Country is going to miss her dearly. Feinstein passed away at the age of 90. Lately, she's been battling health issues, but there's no word yet on an official cause of death. A suspect has been arrested in the 1996 murder of rapper Tupac Shakur. Las Vegas police announced Dwayne Kefi D. Davis has been charged with murder with use a of deadly weapon. Before today, no one had ever been arrested in the 27 years since Shakur's murder. The clock continues to countdown to the deadline to avoid a government shutdown. The House failed to pass a Republican -led short -term funding bill this afternoon. The government is set to shut down at midnight Saturday if lawmakers fail to make a deal. A Michigan judge is ruling the teen who shot seven people killed and four at Oxford High School in November 2021 can be sentenced to life without parole. Lisa Taylor reports Judge Kwame Rowe made the announcement Friday morning that Ethan Crumbly has a slim chance of rehabilitation. He said the teen is obsessed with violence even while being held in jail. The hearing and ruling are required as the U .S. Supreme Court ruled that underage defendants could not be given a life without parole sentence without a separate hearing following a conviction. Crumbly is scheduled to be sentenced in December. I'm Lisa Taylor. More than 20 million people in the Northeast are under a flood watch. New York subway lines are shut down and several people had to rescued be from their cars when streets became overwhelmed with water. The United Auto Workers are once again expanding their strike. UAW President Sean Fain said his announcement was delayed Friday morning after a flurry of activity. I'm Brian Shook. An Illinois judge is acquitting two Chicago police officers accused of shooting unarmed an man last year and lying about it. Perry Williams reports Cook County State's Attorney Kim Fox says she respected the decision but was obligated to charge the officers. When we don't hold them accountable, when we don't bring the charge where we believe the charge is sufficient, that flies in the face of the credibility of our entire justice system. And that's why we brought those charges. The judge ruled Sergeant Christopher Leah Coppolais and Officer Ruben Noso were within their rights to protect themselves. The officers were in an unmarked squad car when they opened fire at Miguel Medina in Pilsen in July 2022. I'm Perry Williams. Elon Musk is wading into the migrant situation at the southern border. So here we are at Eagle Pass, and we're going to be meeting with the major officials and law enforcement responsible for the border. Musk posted on X that he arrived at the city that borders Mexico on Thursday with Republican Texas Congressman Tony Gonzalez. He addressed members of the public in a live video. Musk said the US should have an expedited legal approval for migrants but shouldn't let people in if they're breaking the law. He added that if New York is having issues handling the influx of migrants pretty much no part of the country can. Half of shoppers plan to begin their holiday shopping by Halloween this year. That's according to a recent bank rate report. Retail me not found that as many as 54 % of shoppers are kicking off the season in October up from 53 % last year With more shoppers getting an early start on the season holiday retail sales are likely to increase between 3 .5 and 4 .6 % according to Deloitte's annual forecast. When it comes to consumer spending the biggest factor is usually whether people have a job and we are near full employment. I'm Brian Shuck. And I'm Charlie Pellet at Bloomberg World headquarters. It is on to the trading month of October a losing week a losing month and a losing quarter. Michael Sheldon is chief investment officer at Hightower RDM Financial. I think September has lived up to its reputation as being a difficult month for the markets. And we a had pretty good first few months of the year but things have sort of tailed off here recently. And you can hear more of that conversation with Michael Sheldon on the Bloomberg Business Week podcast. You can download it wherever you get your podcasts. Well, certainly rising bond yields are one concern for equity investors. BlackRock CEO Larry Fink is expecting 10 -year Treasury yields to top 5%. Shifts in geopolitics and supply chains make inflation more persistent. Fink made the comment at the Berlin Global Dialogue Forum. We're going to have 10 -year rates at least at 5 % or higher because of some better inflation. This structural inflation is unlike anything and I think business leaders and politicians are not providing the foundation to help explain this. BlackRock's Larry Fink so with the 10 -year now at about 4 .5%. What about the outlook? Dana Dioria is Co -Chief Investment Officer at InvestNet Solutions. Is it really that surprising where 10 years are given where 2 years are given all the minted newly bulls that we've had in the last few months? Even the Fed itself saying hey we think we're going to stick the landing there's no recession here. You can hear more of the conversation with Dana Dioria on the surveillance podcast and you can download it wherever you get your podcasts another headwind for the inflation outlook has been rising energy prices Stephen Shork is the president of the now with the situation we're seeing in supplies crude oil supplies economics delivery hub in in we're Oklahoma at very low supplies there's going to be a tremendous strain on the market already is Stephen Shork of the short group you can hear more of that conversation on the surveillance podcast you can download it wherever you get your podcasts and even with higher oil prices Mark faithfully of UBS says energy stocks have yet to capture all of their upside potential we think that well they haven't really uh... seen earnings catch up with these higher prices and we think that uh... there can be some persistence in these higher oil prices mark faithfully of stocks end of the day mixed the dow was down one hundred fifty eight points down five tenths of one percent s &p down for a fourth week it fell eleven points today down three tenths of one percent then stack up up eighteen up one tenth of one percent global news power by more than twenty seven hundred journalists listen and over one hundred twenty countries i'm charlie pallet and this is bloomberg uh... this is the spellcaster takeover on bloomberg radio as sam bankman fried appears in court this week listen to the podcast that chronicles the rise and fall of the f t x founder brought to you by bloomberg and wondery spellcaster takes you inside the story of how a nerdy gamer became the world's richest twenty nine gold listen ad -free on one three plus on apple podcast and amazon music and right here on bloomberg radio i'm Miller hannah and this is spellcaster the and an from early age sam bankman fried stood out from other kids i wasn't served like really into kid things sam was into big ideas which you might expect from the house he grew up in if you were to go for dinner at the bankman freeds he walked into the gray craftsman house that's it's literally on the stanford university campus there you find sam his brother gabe and his two professor parents his father professor of tax law his mom barbara is a philosophy scholar at the bankman freed house the dinner conversations were about as heady as you might expect before he was a teenager sam spending was
Simply Bitcoin
A highlight from Tom Emmer's Anti-CBDC Bill Passes House Committee | EP 830
"You're against freedom. Good morning, everybody. What's up? It is Friday, September 22nd. I'm your boy, Opti. And as you can tell, I'm hosting the show today, but the show don't stop. And very interesting stuff that we didn't cover throughout the week. Apparently Tom Emmers has been spearheading this anti -CBDC bill and it passed in the House Committee. And we've been talking constantly about the ideas of CBDCs, the dangers. And I was going to say the pros, but there is no pros to this. This is absolutely nefarious stuff coming out from every country in the world and everyone wants to roll out a CBDC. Well, as I've been saying, there may be still some good people out there. I know we don't like politicians, but there may be some that understand how dangerous a CBDC will be. And they are saying the quiet parts out loud. And I do have some contention. We will kind of talk about this during the news. And the bill will now have to advance to the House of Representatives, but at least the signal is getting out there and it's constantly getting out there. And we're constantly talking about the fact that a CBDC should never happen in the US. It is literally anti -American. And I'm just glad that more people are noticing this. And it's not just simply Bitcoin that is telling you this. It's not just Bitcoiners that are talking about the dangers of CBDCs. Remember what CBDCs really stand for. It is not central bank digital currencies. It is central bank digital control. Remember the meme. And anytime they talk about a CBDC system, remember what it really is about. It is about controlling your behavior, controlling your transactions in a world where they are censoring content creators, independent content creators, where you can't talk about the truth. You think they will let you transact freely if a CBDC system gets rolled out. Don't be naive, guys. This is the last thing we should want. This is the last thing that should ever get rolled out in America. And we know that they're trying to do this everywhere around the world. We've seen that a few different CBDC pilots have been rolled out. We've seen, especially like in Nigeria, that the citizens do not want it. But we even have the memes from Elon Musk about making Twitter be the WeChat of the West. I don't know. It all sounds dystopian to me if you're talking to just a humble Bitcoiner. But anyways, I do have some good videos here and we will be talking about sovereignty in all its forms, whether that's health and education on today's show and rather in life in general. So I think we have set this show up perfectly where I'm going to give you guys some context of why we Bitcoin. Then we'll talk about the news. And then we have a guest here today that I think you guys are going to really enjoy. But of course, I am not alone. But anyways, welcome to Simply Bitcoin. We are your number one source for the peaceful Bitcoin revolution. We cover breaking news, culture and romantic warfare. We bring on Bitcoiners from all around the world, from the biggest names to the everyday savage Bitcoiner. We got them all. And we will be your guide through the separation of money and state. And of course, I'm back with one of your guys's favorite off the bench, Simply Bitcoin co -host, Mike Hobart. Mike, how are you doing today? What up, nerds? I hope you guys are having a good Friday. I just got my Friday started off with a workout and I am still soaked in my own filth. So I'm just rolling in this raw, man. I'm ready to go. Wow. Okay. Let's we'll gloss over that. Okay. All right. Anyways, our guest today is Scott from Free Market Kids. I really, really love what you're doing. I think it's one of the most important things to be doing is not only educating everyone out there, but educating the children so they don't have to deal with the fiat messes. Anyway, Scott, how are you doing this morning? And maybe just TLDR people. What is Free Market Kids? -oh.
Crypto Critics' Corner
Fresh update on "musk" discussed on Crypto Critics' Corner
"They exist as kind of this legacy of past times. People have lied. And so I think in the in the specific example of Fukushima. Right. I think it's a foolish PR stunt for the reasons that, you know, I bring up. But but but if you actually look at the data, like as long as the data is what they're presenting, like the radiation is below background. But that skepticism exists because we've been lied to before. Good to be skeptical, but also create some of the more dangerous conspiracy type thinking that that still kind of is pervasive today. So kind of speaking more to some of those political and societal features that have gotten us to this point where there's kind of this disregard for regulations and this emphasis on appearance of compliance over compliance itself. Do you have thoughts on like what specifically have led us to this point? I know you guys had Jim Chanos on. And I remember listening to that episode and it's I know he's kind of talked about it before. I worked for a basically a legacy company that had a lot of Enron assets, just the physical asset. And you talk to people that were, you know, ex Enron employees at the time. And I think some of this is, you know, we go back to that that two thousands era right from the dot com blow up kind of through Enron. There was a real a real concerted public push to, you know, finally do something against wrongdoers and, you know, say what you will about the, you know, George W. Bush Justice Administration. They they went after, you know, the head honchos of these companies hard. And I for myself, you know, kind of fast forwarding to, you know, someone who I graduated university in 2006. Right. So I'm I'm I was graduated right into the teeth when people were really starting to get laid off going into the, you know, the GFC, you know, when I was a big Obama supporter at the time, partially because of like, well, we need to you know, we need to do something about all of this obvious criminality that led to our entire global economic system blowing up and then nothing happened for me. That's like the big inflection point, that one. And then kind of a more specific example is that no big executive right went went to prison for their role in blowing up the US economy and all the job losses and, you know, death that resulted. I think a more specific example is like if you look at, like, for example, Solyndra as a perfect example, that was a juicy kind of Republican talking point against Obama, but really wasn't a good thing for it to happen is that we gave a company that had a technique for making solar cells. It wasn't very good, wasn't proven, and they were kind of just lighting money on fire. And the US government under the Department of Energy just handed them two hundred million dollars and they blew up kind of like within a year. Right. And there's all sorts of fraud there that was not really ever kind of sussed out. And so I point to those things because I think that was kind of the turning point where we said, you know, fraud will kind of deal with the consequences when it blows up. We're not going to prosecute, you know, really the kind of the big people in charge. And I think that's been policy through the entire Obama administration and then through the Trump administration. I think it's been kind of continuous. And I think that's where you see people like your Sam Bacon, Freeds, you know, your Elon Musk, your Elizabeth Holmes. A lot of these things kind of stems from that. I don't want to say like original sin. I think the inflection point is kind of the beginning of Obama administration, where we said we need to keep, you know, the economy going forward and we're not going to, you know, destroy our big companies, our special boys, because it's too difficult to deal with the fallout. And we're just going to kind of let things just go along. And I think that's kind of a great explanation of why we are where we are. Do you think that people like your Elon Musk's or, you know, your Elizabeth Holmes, whatever you think these these people actually saw that and were like, oh, this is an opportunity, have free reign, like who cares if I make a completely false statement about when a product is going to launch or if it's effective or if if I've gotten all the right permits and stuff, I can just do whatever I want and nothing is going to happen to me. And great. I mean, obviously something did happen with Elizabeth Holmes, but I'm just like, do you think that there was actually like a click in their brains to be like, oh, fuck, I can commit fraud now? I think it was an iteration process, if that makes sense. Right. You ratchet up, right? If you say, well, I'm going to take this risk, I'm going to take this risk, I'm going to take this risk. And then if you never there are any consequences for it. So I think, you know, people like, you know, Musk drives me wild. I can't I can't stand kind of a lot of the things he does. But like he's a creation of that ratcheting. I point to him because I think he's kind of like the end point or almost like, you know, it's like, well, how can it get more absurd than this? But it's not like he's alone out there. Right. Even among people who have not really been punished. Like we talk about like Travis Kalatnik's great example at Uber. Right. You know, there are all these regulations and sometimes they were, you know, really just protection rackets towards, you know, taxis and bigger cities. But they said we are literally going to come in and not comply with the rules. And I dare you to stop us. And they kind of didn't stop them. I think it's just toddler pushing boundaries or whatever you want to call it. You know, maybe the velociraptor in the original Jurassic Park testing the fence over and over again. Right. And you look for those boundaries. And if there's no punishment for it, then you just keep pushing it and pushing it and pushing it. And I think that's a great explanation of why we are where we are. And that's a huge part of the crypto story. You don't have guardrails, regulatory or otherwise institutional, and people just keep pushing. And we end up with Sam Bankman-Frieds. It's something I haven't thought about before, but I'm actually now curious, like as you're describing this. Right. Like we have this kind of golden age of fraud. We see it play out. It takes a long time as you ratchet. It's ratcheting up. Right. We see the dot com bubble. We see the 08 financial crisis. And I'm wondering if it was contained, if the massive frauds were more or less contained to the giant capital capitalistic country that has always striven for making the most money and being the most productive. And then crypto kind of has globalized this fraud in that, like, it seems like it's everywhere now. Like this is not we've got one coin. We've got like numerous, numerous frauds that are transpiring in big ways. Hindenburg Research does really good, really good work on international fraud, whether it's in India or Europe or America. Right. And and I'm just wondering if that was that's the inflection point right there is crypto is like, oh, now fraud can be global as opposed to or if or if, again, ratchet up iterations of it slowly was going to happen no matter what. Maybe a little bit of both. But I mean, like, let's not forget, right? I mean, if you look at Carson Block, he make his bones, you know, going through like these just hilariously obvious frauds post GFC in in China because they were just making up just entire production companies and industrial sector that didn't exist. Right. I don't know if I would blame it on crypto. I think crypto is kind of normalized it. I've seen people that I grew up with being like, you know, on other social media sites like on Facebook or Instagram. It's almost like it's been you've been able to like bootstrap your own like mini frauds. I think that's if anything, that's been probably the innovation of crypto in that sector. One thing that's kind of interesting to me, and we talked about this when Chinos was on, is that most frauds do kind of start with small infractions that eventually put you in a position where you end up making bigger and bigger infractions to deal with the previous things that happen. And sometimes when I'm silly enough to read the replies to some of your articles and tweets, there's a tendency among certain sycophants to describe the violations as petty is not important, as insignificant compared to the mission of SpaceX or Elon or whatever not deserving of consideration. And I wonder if you think that that kind of cultural belief, that idea around that type of petty rule breaking creates the kind of culture that eventually leads to like the larger macro really big frauds? I think it does. We talk about minor infractions, right? I think in the United States, one of the cultural touchstones of, you know, why we have, for example, environmental rules is that the Cuyahoga River, which runs through Cleveland, was catching on fire on a regular basis. Right. And that wasn't one incident of someone or one bad person. Right. That's that's decades of probably small on the margin. Right. Discharges and they add up over time. Right. And so we have these rules and you fix stuff and you kind of or you fix stuff or you prove it greatly. And then it's like, well, why can't we why can't we ratchet back up? And it's like, well, the rules are say no discharges without X, Y, Z. And if you say, well, except for in the case where it's like my my favorite billionaire wants to do it or whatever, then then like if you're selectively enforcing rules, then they don't effectively exist. I think there's certainly some of that. But when it comes to like what what Musk is saying, what people that, you know, go go out and advocate for social media is like democratized it. Right. Where it's like used to have like people go on TV and yell it right or whatever on behalf of the Heartland Institute or whoever it whoever it is. But now it's just kind of been like spread around. We talk about Musk, like I'm like screaming about like ESG or like the regulators or whatever. It's like it's like literally talking points that Koch brothers would use in the 1980s. You know, they're kind of the stereotypical like liberal bogeyman, although I think they're a little more complicated than people like to make them out to be. They had a refinery in Minnesota that basically a big nitrate or ammonia ongoing discharge for years plumes and the cost to install, I think it was like a distillation unit or some some sort of separator unit to be able to, you know, prevent this kind of underground plume of discharge would would cost like, say, two hundred million dollars. Federal fines were like would max out at like ten million dollars a year. And they would say, well, you know, I could spend this money on this equipment or I could just pay the fine. Right. And they made a rational argument. Well, I'm just going to pay the fine because there's no other consequence. Right. There's no like escalation that doesn't get into like criminal stuff because there's too many layers of separation and co-companies to I mean, I don't want to say to their credit at some point. They're like, well, this is actually there's there's externalities we haven't thought about, you know, reputational risks like this can start to create other types of fraud. Turns out, companies that say, you know, screw off to the rules, they tend to actually perform worse economically. There's some studies on that company and even the Koch brothers themselves kind of walk back that aggressive stance. But it's kind of coming back and just really interesting to see it from like kind of the original like greenwashing. Yes. Soaking up ESG dollars type of guy in Musk. So I find it really fascinating. But it's cyclical. These types of issues kind of express themselves in different ways as we go forward in time. We had this last launch of the Starship or whatever they're calling it, and it exploded and kind of sent debris across a widespread area in Texas. And as as Bennett was suggesting here, we had syncophants and other people who were just kind of like, what's the big deal? Like, chill out, man. It's just an explosion, just some normal like plastics in the air, whatever, like they're just like metal and like, who cares? Whereas you were pointing to some serious issues that could be going on. Plus, you pointed to serious issues with the launch site itself that need to be like definitely need to be fixed and should have been fixed long before this launch took place. Right. But I don't know if you got to see this, but there was a piece of footage floating around featuring Elon Musk at the All In summit. And one of the things they were asking him about was like, OK, so you guys have put this star the Starship back up and you're ready to launch again. Why haven't you launched it yet? When are you going to launch this thing? And he's like, well, we're just waiting for the FAA to approve it. There's no pushback after that. Right. The excuse is, oh, well, they haven't approved it yet. Like, this is on the government. It's not on me. But nobody's asking, why aren't they letting you launch it yet? It's just fascinating to me that like the questioning stops with like, I blame the government. And everyone's like, oh, yeah, me too. Right. Right. Do you want to go into why they're not letting him? Oh, yeah. You want to like, yeah, the whole thing was just incredible to hear for me. Well, first of all, that site should have not been approved in the manner it was in the first place. And there's some real issues that the basics were is that, you know, when they're first getting approval to kind of upgrade the site to be able to launch the biggest rocket in history, they went through and they did a process under a law called NEPA, which NEPA has its problems. But it is what it is. And it asks you if your if your project is going to have a significant impact to the environment, you have to go through this very long process. If it's going to only have a less than significant impact, you can do a bridge process. And so this rocket, right, which we've already seen some of the fallouts for the law required you to disclose the impacts. And so what they did is they effectively greenwashed or kind of minimize the actual impact so they could claim that this would be an insignificant impact, which is kind of laughable on its face when you look at it. And the reason is their launch site is on like it's under 20 acres surrounded by land that is, you know, protected wildlife habitat, it's beaches that is used for the public. It's owned by the state of Texas and the federal government. So they don't own the land that they're kind of impacting. And if you if you compare it to like one of the big rocket launch sites at Kennedy Space Center, like the actual launch site is like something like, you know, five to 10 times bigger by area. Right. And that's area that's totally controlled. And then those externalities on top of the rocket spill out over into more area that's owned by NASA. And so what SpaceX is doing is they've got this little postage stamp kind of that's surrounded by land that they don't own or control, and they're kind of spilling their externalities on it. And they're not doing a great job of disclosing it. I knew the reason when they did this first launch that the kind of one of the big issues was that they didn't have kind of the flowing water deluge or systems to manage and channel the flames. They were just launching off what you call like a milk stool stool. All these people on the Internet were like, well, of course, they don't need this deluge system or this, you know, flame diverter system because, you know, SpaceX has the smartest engineers in the world. And so why would they? And I looked at, well, they would have these extra permitting requirements. Then they said they wouldn't do this and this would take them years to get approval. And the reason they're doing it is for expediency. It's not because they've actually sat through and modeled it. And I had people screaming at me, you know, before the launch and then sure enough, the launch happened. And they to be clear, you know, you know, Cass, you brought up, you know, the rocket exploding. The issue was with the rocket exploding was that the system to automatically terminate the rocket didn't fire off. But exploding in the air was actually kind of a known and expected outcome. So I'm not actually shocked by that part. But the actual impacts on the ground for them, like blasting this launch pad right in the smithereens, they sent just like tons of debris out into the wetlands, into this protected area, kind of a big cloud of dust made it into, you know, a city that's like five miles away. Is that those impacts were as a result of not building the infrastructure they should have had, which is, you know, kind of this water deluge system and this flame diverter system. And they didn't disclose that as a possible outcome. So in this in this document, when they were getting authorization, they didn't ever describe, you know, these area impacts to this very sensitive wetland. Right. A lot of the area kind of for context, people were like, oh, it's just rocks or dirt, is that it's a, you know, an algal wetland. And so you've got this thin algae crust that can take decades to form. So what they did is their impacts were not properly modeled. They weren't properly disclosed. And then when they, you know, kind of mess up, they're like, well, we're just going to rush back to launch. And part of the problem is that one of the solutions that they did implement for this upcoming launch is, you know, this this water deluge system, which they should have had. But it turns out that the water that's coming off this, which is what we would call industrial treatment water, is now just being allowed to just run directly into a wetland that's protected under the Clean Water Act. And they've not gotten a permit for it. They need to have one, but they haven't. So it's just this kind of ongoing whack-a-mole of they picked a site that was inappropriately sized and set up for what they wanted to do. And instead of addressing it years ago, how do we develop this site in a way that is consistent with our peers and that is legal? They're just like, well, let's try this. Let's try this. Let's try this. And when someone holds them up and says, no, the law clearly says you must do X, Y, Z, then that's when Musk takes a Twitter and just starts screaming at people. And I don't ultimately know if there will be a hold up from it. There should be. But that's I mean, I guess that's kind of the that's kind of the short and dirty explanation of kind of what's going on and why it's a problem. As much as Ben and I don't like Elon Musk, it seems like you're even admitting here that like this isn't a Musk issue. This is like a regulatory issue. This is this has very little to do with like, well, Musk might be the one breaking the rules. If they're not going to do anything about it, it doesn't really matter if he's breaking the rules. Right. That's actually a great way to put it. He does it in such an outrageous manner that it's almost like I'm glad that he's there, because, you know, if and when there's a big consequence from something that he does, then we can point to that. There are plenty of executives, including at companies that are well run, that I would invest in. They don't have the public's best interest at heart. Right. But they they know well enough, at least pretend to play the game on the surface. And kind of Musk is unique because he's he really is like, I'm not even going to play the game. And so it's kind of helped him be able to like kind of bully people into giving way to him. I think when there is blowback, I think it'll be bad for him, because the reason that companies do fraud and kind of a granular level, like the CEO isn't going out and saying, hey, you need to do this fraud. Right. The CEO says, I need you to make numbers this this quarter, and I don't care how it happens. And it gets down to the, you know, the director level and the VP level. And then the operating manager is like, well, I have to make the numbers or I'm going to get fired. I'm not going to my bonus. And they'll do apply chain fraud or they'll they'll break the law. You know, they'll they won't get a regulatory clearance to do something. The CEO is kind of buffered himself from that. And that's kind of the way that they're set up. But Musk does not believe in doing that. I kind of weirdly respect him for it, but that's kind of his whole thing. Right. So he's he's short circuited that whole process. Which is probably good for him in the short term, but may not be so great when there's kind of consequences down the road. It was funny listening to you talk about that and executives insulating themselves, because in coverage of some of the like organized crime families in America after like Rudy started going after them with Rico and stuff, you saw many of the leaders take more deliberate steps to try to distance themselves from like the orders that were being given and stuff like that, so that it would be harder to pin any particular crimes on them. And so that was just a funny analog that popped into my head when you were telling that story, that Musk instead insists on getting down there and dirty in the trenches. Not a direct analog, obviously. Musk isn't running an organized crime family, presumably. Juries would be out on that. No, no, that's that that is not the presumption I would make. Although I have described him as going on a multi-decade crime spree, which I think is supported by fact. Yeah, it feels justified. One of the things that we kind of danced around was we were talking about kind of unequal enforcement of these rules. And that's often kind of my worry here, because when you have certain regulations and they end up applied so unequally, the unequalness is often a like point of contention where you worry that resulting in equalness is due to grift, graft or other forms of corruption. Right. And like, I think that that can be seen sometimes in Musk's actions, where because of his size, his wealth, the number of corporations he runs and like how connected he is. I think that some regulators and prosecutors are reticent to go after him because he represents like the case. If you go after Musk, there's a good chance that's the case that defines your career. And if you lose it, you're always going to be the guy who lost going after Musk and couldn't even prove he did this. Do you have any thoughts on like the interaction between like these unequal enforcement of these laws and regulations and how it interacts with like these different types of companies? Yep. And so I've worked I've worked in an industry and I've also been a regulator myself, a Clean Air Act regulator. What you see is is really interesting is this dynamic. The government doesn't like to be the one that like executes a company, puts it out of business if it's like, you know, doing well. That's kind of true across the board. And so that's why small companies, especially very small companies, kind of get special protections and a lot of rules where they actually get these special assistance programs. I don't actually entirely disagree with it, but there's you know, they get kind of some leeway before they get in trouble. And then the large companies, what happens is that a lot of times the regulations kind of turn into taxes. Right. And so we see right now your Facebook, you know, you have to pay five hundred million dollars. You have to pay, you know, billions and billions of dollars at times. And these companies are making so much money that it's like, well, this is just the regulatory tax. Companies in the middle struggle with that a little bit more because they can get you know, they can have big enough operations to cause issue where a regulator will feel like they need to go after them. And the medium sized company doesn't really have the resources or the lobbying power to prevent it. And so they get themselves into trouble where they can be put out of business by the government. But I think ultimately it's that this is and this is kind of what I talk about, that kind of like Obama neoliberal framework is that we want to do all these great things. We don't want to be responsible for like killing our innovators. And I think Musk has really weaponized that. And he's been like, you know, he goes into things and he's like he's like, you know, he's got a suicide vest on. Right. It's like if you go after me at all, I'm going to just, you know, you're going to blow up my company. Like, let's let's see you do it. And I think he's kind of had that attitude, which is pretty unique because he has this scale, but like you couldn't levy. Right. For example, if you were to levy a, I don't know, a five or ten billion dollar fine against Google, like they would be really mad about it. They'd obviously fight it, but they could just pay it right. If you were to levy a five or ten billion dollar penalty against Tesla, like you'd have to raise more money. They would be like functionally insolvent. Right. And so like there's like this this disconnect between the size of their market capitalization. And the impacts they have on kind of how investors, you know, interface with Tesla versus the actual economic realities of how much profit they're generating. So there's a lot of interesting dynamics. But yeah, it's basically that government doesn't want to just be responsible for killing companies. And so they kind of let them hopefully just blow up, do their own fraud. And they come in afterwards and then, you know, slap the cuffs on on on the guy in charge. Right. I mean, like, you know, FTX, you don't get a better example of that. Right. You let them blow up. And that's like, well, this this this bad, terrible guy, he's he's the one we're going to slap the cuffs on him. And now we're all good. It's been that way for a long time. But I would say kind of that that 08 to 2010 era really is when it just kind of became formalized. And then Musk is just kind of a natural progression from that. As you're explaining this, all I keep thinking about in my head is one of the ways that Elon Musk has managed to keep his company's solvent and profitable is by accepting a shit ton of government money. Right. Like whether it's subsidies for electric vehicles or we're talking about Starlink, where they are accepting government contracts and SpaceX, where they're accepting government contracts. And I think I just checked and SpaceX made fifty five million dollars profit on one point five billion dollar revenue last quarter. He's making money from the government. So I can only assume and maybe this is presumptuous of me, but I can only assume that the government really doesn't want to be embarrassed by somebody that they're constantly providing money to to keep his his enormous corporations propped up. And while he attacks them, he constantly is attacking Biden or the Democrats or whoever he wants to attack at that moment. It sure seems like he's more than willing to accept money from them to keep his companies going. And I I'm just curious if you think that plays a role, these government contracts. And absolutely it does. And to be clear, to to to characterize from what we've seen from SpaceX's own financials. They are not anywhere close to being profitable. They lump payments in and out to kind of either show like they'll selectively say, oh, we were cash flow positive for the year. They'll say it in like middle of quarter one or whatever you're right for some bills have to go out the door and then profits. You can do a lot of stuff. The interesting thing with Tesla is that they did become decently profitable. I think it's at the expense of of releasing more models in the future. And I don't think it's going to just be fainable going forward. But they were able to generate, you know, they generated billions of dollars in profits. SpaceX has absolutely not. They've incinerated I've estimated somewhere around 10 billion and invested in capital and then, you know, several billion in contract payments up front. So it's actually really interesting because because not only is Musk relying on them for their kind of top line, but like he's also reliant on this this ecosystem that allows that that, I guess, rewards people to continue to pump capital into companies that don't return that capital ever. It's all connected, right? It's like Musk is paid at both ends. And it's I'm amazed he's been able to get away with it. But it's kind of as I as I said, I kind of appreciate him for it because it kind of shows how farcical that whole circular economy is. And you see it from like every type of regulator, right? So if you look at, you know, SEC guys that are these these really up and coming attorneys, they go around and they turn into corporate counsel. And then if a good enough government gig shows up and presidential administration, they'll they'll they'll get that job. And it's this door and you see it. It's in it's very true in the FCC, FAA, FDA. And as long as someone's exploiting that, you're going to have these kind of bureaucratic, you know, enforcement mechanism. They're going to grind to a halt until the public says we have to actually do something about it. I think that's I would like to think that that we're at that at the kind of nexus or the peak of that. But I've been surprised before. So it could just continue on forever or for a lot longer than I would like. And kind of like you mentioned, we saw forms of backsliding under Obama and then again under Trump, under both the different parties. And like my entire lifetime, basically growing up to this point, I've been hearing the narrative from at least one group that often in our society. The role of these regulations is for existing players by co-opting the regulatory process to create barriers for new entries in what are basically just costs for themselves that they can afford to pay to try to like reduce their competition and make it so that they have more control over the industry. In view of that argument and what you know about regulations and regulators, what do you view as the appropriate role of regulations and regulators? What should they be trying to do? There's some truth to that. Absolutely. I kind of struggle with it because it has to be kind of both ways. Right. And so one example is there is an EPA rule that was being updated back in like 2015 or something that had to do with a certain very specific type of organic pesticide manufacturing process. It had to do with the Clean Air Act control mechanisms for if you had a scrubber behind a relief valve or in shows this kind of really esoteric process. And there's only like there's only like six or seven plants in the US produce this stuff. And so the EPA started like suggesting rules and then they're like, oh, actually, we need to bring the companies that actually produce this product in to make sure that we're not going to make just like a burdensome rule where it says you must do this exact thing with your pressure relief systems or whatever. And that's actually not a bad thing. Like that's a good thing because then you're you're like you're saying, well, we want to make sure that it's not emitting these hazardous chemicals, but also we want to make sure that you can actually functionally run the plant. And so there's there's good reasons to do that, but it's kind of taken on its head. And what that is exactly what happens is that, you know, companies will will lobby for more regulations to create protectionism. That's something that does happen. And so to find a balance between that is really hard. It's not always perfect, but that's why a lot of things need to be disclosed better to the to the public. You know, kind of both the rulemaking themselves and then kind of required disclosure from companies through mechanisms like ESG reporting and stuff like that. And I think that there needs to just be more openness about how it happens. It works both ways and there is a way to kind of overregulate and stifle competition. But then also, you have to realize that when people say this, that a lot of times they are complaining because it is going to be a cost to them. I guess like, yeah, rulemaking, I would rather that, you know, kind of on the regulatory front, I would rather regulators. And this is how kind of regulators operate. They do treat it like they're like collecting their toll or their tax. And that's not how it should be. It should be, you know, there should be some flexibility within the kind of outlines of the rule where, you know, there's different ways to comply with like an end of mission standard or whatever. I'm fine with that. But what regulators need to do is that when you really step out of bounds and when you really mess up, that the regulator should not be afraid to go and just lop the head off of that company. And I think that's something that we have not been able to do. One other thing that, you know, before we move on to the next thing is that there's been this talk that like, you know, these regulations are just killing progress in the US and killing industrial progress in the US. And that's simply not true because you can look at US GDP growth. But even more telling is if you actually look at a graph of liquid natural gas LNG exports since like 2010, every single one of those plants that exports liquid natural gas has to go through this very burdensome NEPA approval process through FERC, the Energy Regulatory Commission that actually kind of got a lot of teeth post Enron for very good reason. But they they have to go through this process. And so it's been every single year we've been able to increase and increase and increase exports. And so the people act like it's just killing progress. It's just if you look at any sort of metric that would that would be like number of widgets produced, number of barrels of oil produced, all these other all these other metrics, that would be an indication to prove their point. It just doesn't it doesn't it doesn't flesh itself out. Any explanation for kind of shortfalls can almost always be explained by labor costs, which are higher in the US. And so that's that's that's kind of where I'm at on it. One kind of interesting regulatory thing that has been discussed a lot recently because of my job, I end up having to watch a lot of congressional hearings, which I don't recommend if you enjoy your sanity. And one of the things that keeps coming up in the hearings I have to listen to is discussion of the SEC's new disclosure rules and whether or not those are going to fundamentally bankrupt the entire global financial system as soon as they go into place. Do you have thoughts on these proposed disclosures and what they mean in terms of like ESG and what ESG is supposed to be accomplishing? Yeah, yes. The ESG question. But I mean, that's that's the I mean, I named my publication that before it became such a hot button topic. So the first thing that I will say is that ESG reporting was basically revolutionized by oil companies who didn't want to lose their investment dollars from big state pension funds. And so oil companies have been doing this for 12 years and they do they do a really good job for the most part of disclosing these risks. I'm not saying that the business is fundamentally right. There's not a lot of greenwashing. They absolutely do that. But but in terms of the expectations under that rule, they have met this requirement for eight years and medium sized oil companies have done it. Small oil companies have done it. And it is not that burdensome. It is a nexus for more information to the public. So I'm all for it on a logistical basis. I think any complaints about it, they don't want to disclose more risks, more investing risks to the public. That is what it comes down to. And, you know, I saw, for example, like, you know, Carson Block, who I really respect, kind of went on this like anti ESG tirade, which I agree with in a way, because it's like when you kind of characterize this is like an ESG stock or whatever. Or you say it's like a green stock that creates a great opportunity for fraud to come in, which we've seen, I mean, like over and over and over again. I started with Solyndra. That's it's it's it's a tale as old as time. Things like ESG scores or ESG rankings or ESG funds, those are ways to collect fees. But the actual reporting itself, all we're talking about, and this is what I am super for, is we need to disclose risks. We need to disclose, you know, risk related to our supply chain. Right. How many are we doing anything about the, you know, the child slave laborers, you know, Nestle Corporation, are we like and what are we doing? Have we reduced those numbers? What are we doing to address it? Because these those types of risks and even things like diversity that people like really melt down about companies with high levels of diversity. Guess what, you know, especially across the management, they have less complaints of sexual harassment. They have less complaints of of of racial abuse, and those things can cost real money. And so my whole argument is like a lot of the ESG stuff, you know, when it comes down to like the rankings or the discussion points about it, it's very there's really good points that it's being misused. But at the but at a fundamental level, all this stuff is, is to disclose risks that will actually truly impact the financial performance of these equities going forward. And I think there's some it's it's not perfect, it's not great, but there's some real strengths to it. And if you're an investor, I don't care if you're, you know, as right wing as they come, more ESG disclosures just mean more information for you to make good investment based on. And I'm all for that. I always will be. So that's kind of where I stand on it. For me, what was most interesting about it is, like you said, most of these disclosures, many of these things that they're going to be asked to disclose, many of these corporations have already been disclosing, perhaps not included in their SEC forms about risk, but in other investor communications or other things like that. And so what's been kind of frustrating for me watching it has been political message making around it, how the rhetoric has developed around it and how it has become like this divisive issue, despite just being a disclosure requirement, like even just being asked to disclose certain information has become this kind of huge sticking point that blows up for months, probably going to be years before it finally gets implemented officially in that kind of political situation where we have at least the way I see it, and you may disagree with this characterization, like the Obama administration was really weak on enforcement against white collar criminals, basically across the board. You see this criminally. I think Jesse Eisner does a good job of describing some of this in like the chicken shit club and stuff like that. And you see it regulatory across the financial regulatory agencies and stuff like that. Well, also, as you mentioned, like in the case of Solyndra, creating these very capital rich programs that had a high risk of corruption or misuse. And then I look at like the Trump administration and across there, my impression was it was basically all about reducing or eliminating as many regulations as possible, while also not enforcing and as many of the existing regulations as you can. So when you have kind of that political landscape where even disclosure requirements become discussed as if they represent a potential threat to the stability of the global financial system, how do you create meaningful, useful or good regulations? I don't know. And that's been that's been really the the problem is that we've we've relied on. Right. You talk about environmental regulations. Like you're talking about the last time there was a major amendment to the Clean Air Act, for example, was in like 92, 1992. And so people will complain about rules. But like the Clean Air Act specifies mechanisms that the EPA must take every single five years. They must update these standards every single year. They're not allowed to backtrack or whatever. And so people complain about these mechanisms they put in place. But there's been regulatory inaction for decades. Right. And so you're letting these systems that are that truly are imperfect and probably sometimes do stifle innovation, sometimes probably are overly strict and then also don't enforce well enough where they should. In certain cases, like we don't have an actual federal congressional signed standard on greenhouse gas, so we've had to shoehorn it into the Clean Air Act or it doesn't really belong. Yeah, we need regulatory reform. Yeah, we need to rewrite all this stuff. But I don't know, because it's kind of been politically untenable. It's like every single politician is kind of OK with allowing these bureaucratic systems to claw along because they have worked well enough. And so then you scream about stuff any time there's a new rule or you eliminate a rule. And it's just it turns into just rhetoric that doesn't make any sense. It's just red meat. And that's what a lot of this anti ESG stuff is. It's just it's red meat. I think the ESG rankings are bad. I think the way it's marketed does allow green washing frauds to suck up capital. It shouldn't. I agree with that 100 percent. But at the end of the day, if you're talking about like disclosures like that's that's not I mean, like that is not going to tank the global economy. It just turns into just shit flinging. And that's that's what kind of rulemaking has been in Congress for, you know, really, probably since you could argue since Obamacare was passed. That's probably a great, great time that there is a a huge regulation that was passed that was really contentious and was pushed forward. And since then, it's been plugging holes in the dams as we go. If you're yelling about ESG disclosures, like wrecking the global economy, it just like that's not that's not an honest argument. It just isn't. Now, what about the argument that it's a secret way to turn the United States communist? Is that a serious argument? No, it's not. As you know, I mean, it's just it's so funny because I've I've I reach out to people that I've I've talked to and I'm pretty smart people. And they're just like, you know, what about BlackRock? What about this? What about whatever? And I'm like, yeah, I don't like those guys either. So ESG is a way for people to collect fees. And so, like, if you look at it as a way to like collect fees, like, yeah, I mean, like you're going to push for it. You know, the whole like communist or whatever. It's like, no, we've had all sorts of regulatory controls on market disclosures and they've been updated with time. It's just exhausting to respond to because there are great critiques of how ESG has been kind of marketed and implemented. I'll scream them from the rooftops. But I just the rhetoric itself is just doesn't match what we actually see, I guess. On this point, though, what kind of ended up getting me to reach out to you, Eric, was that I was thinking again about this golden age of fraud concept that Jim Chanus has put forward, that we are in this time period where it's almost like everyone who can do fraud and make and make money on it is just going for it. Right. There's nothing to impede that process. There's no obstacles to just going out and committing the fraud. And I just started thinking to myself, like, it doesn't seem like it's slowing down. It doesn't seem like even we have the collapse of FTX. We have SPF. We have all the all these like very intense, large criminal enterprises getting shut down on their own accord. Like nobody did anything to stop SPF. He fucked up. And I think to myself like this isn't going to end now. This is going to end up being like it's already been a generation that has had to deal with this golden age of fraud. Is it going to be another generation and the generation after that? Like what is the optimistic and the pessimistic view here of how we're how this plays out? And I'd like I'd love to hear your both both both sides of this argument from you. I'll start with the pessimistic one, and it is that it has gone on, I think, a lot longer than people would have expected. Having worked in energy and specifically in oil and I moved to Houston in 2015, I think that I think the debt blow up at the end of 2015 and into 2016 should have been a wake up call. There were these kind of knock on impacts from from from credit blow ups. Right. You had you had companies that were going out and they were raising junk debt. Right. To fund EMP projects that were like at best break even on returning the money for these junk bonds. And that was before you considered how far these how quickly the levels from the frack wells would drop off and the duration did not match for the for the well life versus the bonds you were taking out. But even if even if it did, like it didn't even like include like corporate costs. Right. So all your S, G and A, you know, your M &A or your executive compensation, all that stuff was even. So like the entire scheme was your expected value of return will always be negative if you're buying these bonds. And yet they still happen. Right. And so a lot of these started to to roll over and blow up. And I was like, OK, we need to have like a reset and a lot of this stuff. And it didn't happen like there was like a mild reset. And we basically went back to status quo. You look at the Fed balance sheet, you look at the coordination between, you know, central bankers and basically the this this monetary relief. It'll just like we are not going to allow a huge blow up. And I don't think you're going to get regulatory change without a huge blow up. And so I think I think that it should have happened back then. It probably should have happened a few times and hasn't happened means that we can ratchet up and we can we can kind of globalize or we can wallpaper over these these kind of systemic risks that are tied to fraud. I think I think that can go on a lot longer than anyone would like to admit, because we've gone through a few possible credit cycles where they've been wallpapered over. So that's that's, I guess, the pessimistic view. The optimistic view is that they're called black swan events for a reason. And I'm not hoping for a black swan event, right, because you don't there's always pain that comes with kind of economic roiling. But I think that is the opportunity for a moment of clarity and to be able to go after the types of people that perpetuate these frauds, because they do cause harm when they unwind. They cause they cause harm the whole way, but that harm isn't obvious until it unwinds. So I don't like the positive case is that there's like a big blow up, which is maybe not positive. But in terms of going forward, if we have another if we have another GFC type thing and you see people doing something like on Occupy Wall Street or whatever, and there isn't major regulatory reform, we're hosed. But that's that's both, I guess, the positive and the negative prediction. They're they're the same thing, I think. I appreciate that. I think that's a pretty level headed response, if still unfortunate. Eric, is there anything else you want to leave us with before we we sign off here in terms of whether it's about Elon or the global the global financial system or fraud or whatever? Is there anything you'd care to say as we as we sign off here? There's so much public record out there that you can dig into and learn about stuff that's going on. If there's one positive thing, especially in the U.S., is that we have really great public disclosure laws and sometimes they're a little bit hard to get around. But you can find all sorts of cool stuff and you can learn things about how the world works. I always encourage people to do that because a lot of times, you know, fraud happens because we don't understand how, you know, companies operate, how governments operate, how individuals operate. And we we have so many tools available that are free. And that's kind of my passion is to teach people about that. And so always you can always email or whatever, because I I think I think there are some positives out there. And I think some of the public disclosure rules, especially in the U.S., you can find all sorts of interesting stuff out. I encourage anyone to become their own researcher. One thing I really appreciate about the crypto community is that they do they do like they don't necessarily do a good job of regulating. But when it comes to like doing kind of forensic investigations, they do a really good job. And I really enjoy watching that play out. So there are other avenues you can do that kind of stuff. I think that's a really beautiful note to go out on, actually. And I think I agree with you 100 percent. I think Bennett and I have both learned about so much just by having to explore corporate filings and history for executives and all of this stuff that I didn't know how to do this five years ago. And now I I love doing it. So I agree with you 100 percent on that. If anyone doesn't already follow Eric, obviously go follow him on Twitter, ESGHound. And if if you can also check out his sub stack, which is unbelievably informative and fantastic. And I think, yeah, I think that's going to do it. Thank you for joining us, Eric. Thank you for having me. I really appreciate it.
Simply Bitcoin
A highlight from Europe's Anti-Bitcoin Bill Reveals Plan to Stop Adoption | EP 829
"It's all going to zero against bitcoin it's going up for ever more you're against bitcoin you're against freedom yo welcome to simp with bitcoin live we're the number one source for the peaceful bitcoin revolution we will be your guide through the separation of money and state speaking of the separation of money and state interesting news coming out of Europe kind of not as bad as the proposed bill by Elizabeth Warren that we covered on one of simply bitcoins simply bitcoin lives episode this week but it's something very similar right this idea that every single transaction needs to be KY seed right and then I think that will inevitably lead to the any host unhosted wallet needs to be KY seed all right the the wording specifically in the Elizabeth Warren bill included any minor any validator any software wallet so you know it's just of course the powers that be that tremendously benefit from having a monopoly on the creation of money having controls on money of course to benefit themselves of course they're not going to be okay with this and this was the theory that was originally you know put out back in the 90s in the book the sovereign individual I'm going to read you guys a passage from that book because I think it correctly predicted exactly the reactions from governments I don't think governments have been able to they're not used to this environment where they have competition and most importantly not only do they have competition but they can't shut down the competition right because we remember we saw Facebook try to launch their own you know digital currency and they got shut down real quick the thing with Bitcoin right and Bitcoin only right because aetherium is inherently centralized meaning it will inevitably be co -opted so they have no choice but to ally with the state and they were in order to survive but with Bitcoin can't be stopped and because it can't be stopped it creates a forcing function in the long term as more and more individuals choose to opt out of inflationary money into deflationary money so yes of course times are changing but it's not only on the money front right we're not only living through the disintermediation of money but we're also living through the disintermediation of information and yesterday was a historic day I've never seen this in my life the UK Parliament sent Russell Brand an extremely popular independent content creator a letter to rumble we love rumble by the way we're on there subscribe to us on there and shout out to our rumble audience as well it's been growing by the day so we appreciate you all they sent a letter to rumble asking rumble to demonetize Russell Brand like YouTube did so we have governments that are directly asking platforms to demonetize content creators of which they don't did they don't agree with that is absolutely absurd and these are the same governments that want you to trust them with central bank digital currencies if they had central bank digital currencies in place they wouldn't even have to ask the platforms they could just flick the switch themselves so when we say Bitcoin or slavery or how beauty on said it and I'm starting to lean this way to Bitcoin or death we are not exaggerating and you have to choose what world do you want to live in in the future and most importantly what world do you want the future generations your children your children's children to live in so it's gonna be a great episode I'm really looking forward to it you have to stay on top of what's going on anyways we also we also have a very special treat for you guys we have the head of customer experience from foundation devices the maker of the passport hardware wallet and he's gonna do a live demo for us during the culture cement segment so I'm really really pumped about that let me bring up let me bring him up on stage Bitcoin Q &A you're quite well known on Bitcoin Twitter as well how you doing buddy yeah doing very well thank you very much for having me I'm psyched to shoot the shit with you guys this evening well even in my time but yeah certainly some interesting goings on especially around the Russell brand thing so I'm sure we'll be able to share some insights on that one but not a good look yeah I completely agree man it's it's some some interesting times we are living through people some people call it the fourth turning I don't know man but the phrase that sticks with me the most is weak men create hard times hard times create strong men strong strong men create good times we're definitely going through this era and then I think it was actually Vladimir Lenin that said the very very famous quote right where there are decades that nothing happened and then there are weeks that decades happen I think we're definitely living through this moment of time anyways no more delay let's bring up my legendary co -host not optimistic today no smile oh there's this smile sorry I was caught reading the channels optimistic fields how you doing bro well I am doing wonderful and I'm actually really excited for this culture segment today guys I got a sneak peek of the demo that we're going to see and I think there's gonna be awesome this might be a simply Bitcoin first for the live show but to the news stories and stuff it really just goes to show that if you speak the truth you are the enemy of the state and I think more and more and more people are waking up to this because they either continue to de -platform you from your banks or de -platform you from social media for saying what they don't want to be said you know for saying the quiet part out loud and you know this is why we do our show in a very particular way so that we can survive on YouTube but man it really just goes to show that the powers that be are completely terrified of people talking about the truth hence why you guys need to talk about it more and continue to spread that signal but it just goes to show that this is the the last I don't know the last gasp of the great Leviathan you know what's them saying like darker before the dawn like this is their last grasping at straws to control the truth and and I mean I've been saying for a while I think the monopoly on truth is slowly and dwindling they're going to try to make examples of this so you know just be prepared we know what's coming so protect yourselves protect your family and continue to spread the Bitcoin truth the Bitcoin signal actually just truth with a capital T I suppose anyways Niko let's let's get into this one let's get into this one let's get into the show man I'm really really excited alright guys let's get to the numbers we have a lot to talk about today and I'm super is your Bitcoin in cold storage really secure is your seed phrase really secure stamp seeds do -it -yourself kit has everything you need to hammer your seed words into commercial grade titanium plates instead of just writing them on paper don't store your generational wealth on paper papers prone to water damage fire damage you want to put your generational wealth on one of the strongest metals on planet earth titanium your words are actually stamped into this metal plate with this hammer and these letter stamps and once your words are in they aren't going anywhere no risk of the plate breaking apart and pieces falling everywhere titanium stamped seeds will survive nearly triple the heat produced by a house fire they're also crush proof waterproof non -corrosive and time proof all things that paper is not allowing you to huddle your Bitcoin with peace of mind for the long haul stamp your seed on stamp seed alright guys I literally made it super easy for you guys you can scan the QR code on your screen it will take you directly to stamp seed website you can get you could store your generational wealth on titanium so you don't have to explain to your children why you lost your Bitcoin because you stored it on paper you can use promo code simply get 15 % off anything on the stamp seed website at the time of recording the Bitcoin price is twenty six thousand five hundred and seventy sats per dollar three thousand seven hundred sixty four block height eight hundred eight thousand seven hundred twenty nine blocks to having thirty one thousand two hundred seventy one having estimate April 21st 2024 total lightning network capacity four thousand eight hundred fifty five Bitcoin capacity value one hundred twenty nine million US dollars realized monetary inflation one point seven five percent the market capitalization of Bitcoin currently sitting at five hundred and seventeen billion dollars Bitcoin versus gold market cap four point zero one percent in the grand scheme of things Bitcoin is still a baby if Bitcoin reaches not if when Bitcoin reaches the gold market cap that is five hundred thousand dollars per coin and I think that's just getting started anyways we played you guys a video yesterday of a member of the United Nations talking about how we are in an information war we played you guys the video and she was basically recommending that that that they no longer have people to call on on Twitter to censor information she was also saying how there's an army of people that are propagating United Nations approved information well you know she's she's talking about as if the information that's coming out of the United Nations is a matter of fact right she's talking about the problem of disinformation disinformation well my question to you guys is who gets to decide what is disinformation and what is information right well we advocate for on simply Bitcoin is individuals not central planners not governments using their own critical thinking abilities right to dictate okay this is a good idea this is a bad idea right this is how the American this how the American Constitution it's literally written like that that there's a reason that the First Amendment is the way it is right the government or Congress should make no law you know basically censoring or stopping the freedom of the speech of people right and they made it that way for a reason because if there is a central authority if there's a government that gets to dictate what information is true what information is not true history has shown that they'll use that power to protect their own political mode right so thank God for the internet thank God for technologies like Bitcoin thank God for technologies like Noster for example they can't do this anymore and because they're not able to do that they're freaking out number one and number two and number two it becomes a forcing function over a long period of time but that doesn't stop them from trying here is the former New Zealand Prime Minister at the United Nations saying that that words are weapons of war right weapons of war if so if you say something against the government that all of a sudden becomes a weapon of war and again this has escalated it is escalated to the point where the UK Parliament has asked rumble to demonetize Russell Brand who's a very popular content creator who goes against the legacy corporate media's narratives right and it kind of embarrasses them so what are they doing they're attacking his money they're saying rumble okay they can't they've tried to deplatform people before they've gotten a lot of pushback so what they do instead is that they attack his pocketbook obviously YouTube complied they demonetize Russell Brand's content but rumble said no we're not doing that so love that of rumble we're on rumble we support rumble that's awesome but another thing that I want to say is that the allegations against rubble Russell Brand are just that they are allegations they have not been proven so something that has not been proven is a justification to shut off someone's living that is insane anyways let's check out this letter and this is a letter by part by the UK Parliament the specifically the cultural culture media and sport committee to the CEO of rumble Chris Palavoski who says dear Chris I'm writing concerning the serious allegations regarding Russell Brand in the context of of his being a content provider on rumble for more than 1 .4 million followers the cultural the culture media and sports committee is raising questions with the broadcasters and production companies who previously employed mr. brand to examine both the culture of the industry in the past and whether that culture still prevails today however we are also looking at his use of social media including on rumble where he issued his preemptive response to the accusations made against him by the Sunday Times and Channel 4 his dispatches while we recognize that rumble is not the creator of the content published published by mr. brand we are concerned that he may be able to profit from his content on the platform did you hear what they said the government is concerned that Russell Brand might be able to profit from his content because there was some allegations made against him conveniently a lot of Russell Brand's content is criticisms of the government so I mean big coincidence I guess you would you could say we would be grateful if you could confirm whether mr. brand is able to monetize his content including his videos relating to the serious accusations against him is so we would like to know whether rumble intends to join ryu tube in suspending mr. brand's ability to earn money on the platform we would also like to know what rumble is doing to ensure that creators are not able to use the platform to undermine to undermine the welfare of victims of inappropriate and potential potentially illegal behavior so they asked rumble to demonetize a content creator an independent content creator that's the key word when we had Parker Lewis on the show and I was talking about the legacy corporate media he didn't say no Nico it's not the legacy corporate media it's the legacy government media so anyways why is this happening I think Jeff Booth said this perfectly we read this to you guys the other day and this all boils down to the money this is why we say as Bitcoiners fix the money fix the world here's Jeff Booth he says because broken money Elon Musk said how did most of the legacy media go from superheroes of free speech to supervillains of speech suppression and Jeff Booth says because broken money ensures the centralization of power by stealing the productivity through inflation that should flow to society in the form of lower prices then those enriched by that theft and subsequent power must control the messaging to keep it but it all it wasn't only Jeff Booth that said this here's an article from our friends over at Bitcoin magazine of nine Bukele the president of the country shining on the hill the Savior El Salvador the first country that made Bitcoin legal tender the beachhead for the Bitcoin movement around the world he goes on to say the most vocal detractors the ones who are afraid and pressuring us to reverse our decision are the world's most powerful elites and the people who work or benefit from them they used to own everything and in a way they still do the media the banks the NGOs international organizations and almost all the governments and corporations in the world and with that of course they own the armies the loans the money supply the credit ratings the narrative the propaganda the factories of food supply they control international trade and international law but their most powerful weapon is their control of the truth and they're willing to fight lie smear destroy confiscate print and do whatever it takes to maintain and increase their control over the truth and everything and everyone I think come from Nico or simply Bitcoin that came from the president of El Salvador name Bukele so what is happening here two things are happening here thing number one the internet has empowered individuals and those individuals can now use the internet to uh to grow these massive platforms themselves and because they're individuals they're a lot harder to co -opt and at the same time we are witnessing the distance remediation of money that internet has allowed Bitcoin and Bitcoin has empowered individuals to choose their own money too so government states NGOs international institutions right that have had this privilege of having not only having the monopoly in the control over money but also the monopoly in the control over information it's quickly diminishing in front of their eyes and of course that system is fighting back they can't take that they've been used to operating in a system where they've been able to control the narrative they've been able to control the truth and that is slipping through their fingers and they don't know what to do and that's why they're short -circuiting the way they are that's why we've gotten to a point where the UK Parliament is literally asking a platform to D monetize an independent content creator not to mention all the stuff that was revealed during the Twitter files where it was exposed that the US government even though that is explicitly against the US Constitution the government should not be censoring speech was asking Twitter to D platform D boost and censor certain speech and these are the same governments that also want you to trust them with central bank digital currencies and they expect you to believe that they're not going to use central bank digital currencies as a weapon as a forcing function in order to control your actions as a individual and this was all predicted I might add in the book the sovereign individual which we'll get to during the new segment but this is some crazy times now what can you do to protect yourself in this particular situation do your own research pick what information sources you choose you you want to choose I love Twitter because it's like a news aggregator and the the news that you know pops up pops up Noster is a great platform rumbles a great platform YouTube is is good to do your own research don't rely on a single information source and then most importantly the most empowering thing you could do is to opt out of state money opt into Bitcoin I think that's the most powerful thing you could do look the most important the most important vote you can make that voting for a Democrat or Republican it's not to say that it's not important to vote but the most powerful vote that you can do that will actually change things is voting with your wallet opt out and the way that you do that is you buy Bitcoin earn Bitcoin mine Bitcoin and take that said Bitcoin into self custody the moment you do that you're part of the peaceful Bitcoin revolution whether you are aware of it or not and that is how we win if enough people take self custody we win and there's nothing they could do about it speaking of self custody we have the head of customer experience with us today Bitcoin QA and you guys make it super fucking easy to take self custody with the hardware wallet that you guys make and not to mention the awesome application that you guys make so Bitcoin QA what's your take on this whole Russell brand stuff I can't believe we've reached this point if I would have been told this five five six years ago I would have said that's impossible there's no way that's that that's so ridiculous what's your take on all this yeah before I enter you I've just got to say that was one hell of a fucking monologue I take my half to you that was fantastic yeah kudos and yeah the whole Russell brand thing man just completely shocking another example yet another example of government overreach Russell brands been a thorn in the side of the UK government if you can't tell by the action by the way to anybody's listening that I'm from the UK and he's been a thorn in their side for years and he's a very well educated man he's very well spoken and he has drawn a lot of following by speaking out against money printing against government policy he was rabid about the whole covert thing pharmaceuticals getting rich because of you know yeah you know all of the corruption that went on over those couple of years and I see this recent letter as that them seeing the opportunity as they're into trying you know get one back on him you've touched on earlier that the fact that all of these are just allegations at the moment and the fact that they're going around trying to take money off him from you know he's not been convicted of anything at all that's not see won't be but right now they're just allegations and they're trying to take his money off him it's just completely shocking and they're just trying to lash out because he's been a pain in their ass royally for years so yeah I mean they're just they're just overreaching and leveraging their powers wherever they can just to kind of deep platform and then hurt his wallet as well unfortunately yeah 100 % they attack his money they attack and again like they attack his money and they're also like hey guys these CBDCs like we'll respect your privacy you could trust us what are you talking about anyways Opti what's your take well I actually I kind of want to ask Q &A question because there is some talk about this in the chat what's your thoughts on Russell Brand being like controlled demolition Q &A whoo how do you mean like basically that this is like an orchestrated attack you know once everyone's talking about this maybe Russell Brand isn't necessarily as much of a truth speaker as people are making him out to be like does he actually believe what he's saying or is this just kind of one of those things where you know you create a figure and then you kind of tear him down to discredit the whole movement in general the whole truth movement yeah possibly I think I think most of what he says is genuine he before he started doing all of the YouTube stuff like he was he was a you know some form of a celebrity he had a big following and could have monetized himself as a product in many many other ways by coming out and being as outspoken as he has against the the prickly topics of like money printing and you know COVID etc he must have known you know he's smart enough to know that would have been incredibly divisive to people that followed him so I lean towards the fact that he's genuine and the fact that they're probably gonna try and use him as a scapegoat to warn ward off other people that kind of speak out against any government policy etc etc yeah I'd agree I mean like especially considering what his status was it's hard to follow the incentives and be like yeah he's got a lot to gain from this when in reality he's on the verge of losing everything so I'd agree with you and then just kind of going back to the beginning of this rant and and people are saying epic daily Nico Jones rant today so good job Nico I like when Nico gets get animated remember growing up guys when I grew up I had a saying and I'm sure your mother told it to you as well and we all probably said it in kindergarten you know sticks and stones but words may never hurt me and now we grow up in a world where words are violence like what is going on guys and that's a convenient it's a convenient way I know Nico I was getting there I'm asking rhetorical questions on the show now okay I'm learning some Nico Jones tactics but as we know guys as we know guys you know if you can stop words from being said then you can stop thought and if you can stop thought then you can ultimately stop behavior and this is where they're going they want to ensure that you guys sell censors so that you guys don't lose everything and this is where we are guys that they are absolutely afraid of people speaking the truth they're absolutely afraid of the average person waking up and exposing all of their lives because that's all they have they have lies and favors and they have the monopoly on truth as we think now is more important than ever to speak your minds to make sure you're having these conversations to as the saying goes you know speak truth to power and all that good stuff because there's been a constant theme throughout 2023 or actually rather since 2020 basically is that if your voice is too big and you talk against the establishment then the powers that be will do anything they can to put you back in line and whether that means you know breaking your reputation taking all your money dragging you through the court of public opinion we know what their tactics are and if you're following along closely then you know what the playbook is and it's almost like they're doing the same thing over and over and over again but I think the silver lining of this is that it seems like their playbook isn't working as well as it used to which in some sense should be absolutely terrifying because then they're going to go to even more extremes and you know I'm not gonna say what everyone's thinking but it's gonna get crazy guys and so I think it's just becoming very very clear that as an individual just even a normal person that doesn't have a platform like you want to do whatever you can in your power to protect yourself and hence why we always say that it always boils down to the money guys so protect your money protect your livelihood by taking your Bitcoin into self -custody by saving in Bitcoin and because remember guys this is always about theft they want to take your wealth and put you back in your place and then distribute it and make everyone feel good and we're seeing this happen in real time and it isn't lost on me that this is done via a letter you know it's just like hey how nefarious can a letter be but if you're reading in between the lines then you know how nefarious this letter actually is and that this is a coordinated attack on someone that's talking against the establishment and if people like Russell Brand you know say what you want about him but if people like him can't speak about the truth and they also get run through the grinder like imagine what would happen to an average individual like there's no hope for us if people of that stature can't talk about what's actually going on in the world and hence why it's so important to continue to double down on independent content creation spreading the truth talking about all this stuff because this is all we have we have the truth on our side and as the saying goes you know the truth will set us free so just just don't be afraid you know be brave but also be smart out there and the best thing you can do is just protect yourself and protect your money protect your family and I think as more people do this then the world will slowly but surely start to fix itself anyways you know amen we'll see what happens amen preach brother all right everybody let's get to the news we got a lot to talk about today let's check it out no no no no no no before we do that before we do that I have to give a shout out to our awesome sponsor Bitcoin 2024 it's gonna be the largest Bitcoin conference on planet earth it's gonna be in Nashville Tennessee it's not gonna be in Miami this year July 25th through the 27th 2024 you definitely want to get your tickets quickly before the prices go up for a GA it's 349 for an industry pass it's 849 for a whale pass it's four thousand seven hundred forty nine Opti and I are gonna be there it's gonna be awesome check out Bitcoin 2024 in Nashville Tennessee the year of the having Opti and I are gonna be there some other simply Bitcoin members are gonna be there it's gonna be awesome use promo code simply to get a 10 % discount on the already discounted tickets to Bitcoin 2024 all right now let's hit the news the daily news I want to give a shout out to our sponsor foundation devices it's self -custody done right they built a premium grade hardware wallet called passport right here in the u .s.
Crypto Critics' Corner
Fresh update on "musk" discussed on Crypto Critics' Corner
"Welcome back everyone, I am Cas Pianci. I'm joined as usual by my partner in crime, Mr. Bennett Tomlin. How are you today? I'm doing pretty well. How are you Cas? I'm doing good. It's early morning here, but today we're joined by a really special guest, somebody who's going to be chatting us through some really fun kind of concepts of fraud, individuals involved that I'm surprised we haven't discussed before. Eric Roche. How are you today, sir? I'm all right. How are you guys? Hanging in there. As you said, when we first jumped on, there's a lot of fraud in the world and it is hard to find the time to constantly look into it, which is your job. I reached out to you because I've been reading some of your Elon Musk work, which has been incredibly informative. I'm honestly shocked that Bennett and I have never discussed, I guess we've never discussed in an episode, Elon Musk and our issues with him. I mean, I've made a bunch of videos and stuff about it. Yes. On your personal channel you have. You and I, who I think we almost equally don't like this guy, have somehow avoided this topic. But Eric, your work on SpaceX and some of the permitting, the issues around the chemicals and the sheer like, I don't give a shit about these regulations, been on the front lines of this. Can you talk about why you're so into this, why you're so fascinated by it? I actually want to start with a story from 1959. This is actually a piece I'm working on. We're going to go to the corporate headquarters of the Chisso Corporation in Myanmar, a province in Japan. In December of 1959, the CEO of the Chisso Corporation, which was a chemical company, had a big PR presentation. The company had just installed a new water purification system for their wastewater system, and he famously took a glass of water out of the bottom of this purification vessel and he drank it as a PR stunt. Just that moment in time is really interesting for me because it was preceded by multiple decades of the Chisso Corporation dumping organic methylmercury into the Bay of Myanmar. It's an organic liquid. It goes to the bottom. It bioaccumulates as it kind of goes up through the ecosystems. The bacteria will kind of incorporate the methylmercury. It stays in the cells and it'll go up to the muscles and then the fish. Cats started eating it and they started showing weird symptoms. Children started getting sick. The effects of this disease have gone on and it's still actually going on today. The reason that moment in time is so interesting is that people knew in advance that there were problems. It was very clear that this was the one kind of chemical dirty company in the area. And so it was easy for people to point at it. And what's really interesting about that PR event is that that was forced to be installed because finally government took action and this is in 1959, but they actually didn't stop discharging that chemical for about a decade afterwards. And what's fascinating about it is that treatment technique was basically to get out particulates didn't actually treat the methylmercury. The other reason I bring it up is that for the PR stunt and the fact that it was ineffective and then also the costs over this huge period of time were something that shareholders in the company would have wanted to know. That's something that we would have wanted to discuss. And so that's why my blog is kind of focused on these kind of ESG topics, which has become this really kind of crudely discussed topic. But really, it's about disclosure and how fraudulent things, fraudulent risks can kind of manifest in ways that people don't understand until after the fact. That's where I want to start off that discussion. That's an interesting story you told because I'm imagining this executive drinking this cup of water to prove it's clean. And I'm reminded of a more recent political event that kind of aped that same imagery. And I'm, of course, thinking of Barack Obama visiting Flint, Michigan, after they had completed the first wave of fixing some of the water issues. Yes. And they were holding this big press conference and he makes a big deal of getting this glass of water, he says is straight from the tap, and he drinks it up to prove it safe. Do you have any thoughts on that imagery, that parallel imagery between those two? Well, the reason I brought it up is is specifically because of that. Well, there's also an example where Halliburton executive and I believe Dick Cheney was at this event as well. They drank basically a diluted version of the fracking fluid out of out of champagne glasses and I will see it safe. And it's really fascinating because it's like, you know, look at like basically that was the first example of that. And we keep doing that. And Obama, I think he's kind of at the inflection point of why we are where we are. And he's a really great Segway into like Musk and how he's become kind of untouchable. How are you drinking the glass of water still? Right. Because even if even if it had a toxic amount, right, methyl mercury is dangerous because it accumulates slowly over time and then works its way up to the food chain. So you could drink glass that has a decent amount of methyl mercury in it. And like that water isn't going to do anything. You have to drink that same glass of water. You have to eat those shellfish or those oysters, you know, every day for years. And then it builds up, kind of manifests in this debilitating disease that the Obama example is exactly why I still bring that case up, because it's like, have we actually learned nothing? I actually have an even more recent example of exactly the same thing, which is crazy. But I don't know if you guys are familiar, there's a YouTuber named Kyle Hill who does science science YouTube stuff. And he was invited to Fukushima because, as you guys know, they're going to be releasing this this radioactive water that they've accumulated because they've if anyone is unfamiliar, they've had to kind of take seawater, pump it into this completely effed up clear reactor core and basically make sure that it doesn't explode again. And they're storing this water because they don't want to just pump it straight out into the ocean. Well, now they're going to be pumping it straight out into the ocean after they've tried to kind of dilute it down and ensure that it's not super full of radiation. But they're getting pushback from places like China and South Korea who are saying, hey, we're not going to eat your fish anymore. We're not going to eat your food anymore. Like this is unacceptable what you're doing. To be fair, I don't think this is on par with any of the things we've discussed so far. I'm bringing it up because Kyle Hill went to a Fukushima tour and they did exactly what you're talking about. They pulled out bottles of water and said, here, everyone, look at this radioactive water. It's not even radioactive. You guys are fine. Nothing's happening. You're you're not getting hit. Your Geiger counters aren't going crazy. Well, it turns out that they're using plastic bottles. So this is, I think, theta radiation. It doesn't go through thick plastic bottle anyway. Like nobody is drinking it. Nobody is doing like any of the proof isn't actually proof. This is actually part of what we're talking about in that this is just PR shit, whether it's Obama doing it, the Fukushima plant doing it, or in the 50s, Chisso Chisso. That's the other thing. All right. So the Fukushima water rights, you look at the data they've presented. I actually think it's probably not a problem because it's above background. That brings up the question, why do we distrust it? Right. And the Chisso Corporation is a perfect example. Well, you know, the government's lied about this before. It's the same thing that leaves a lot of vaccine skepticism we see about these things don't just come from nowhere. Right. So you see, you know, these these kinds of paranoia.
Mark Levin
Rep. Massie Asks AG Garland Why Ray Epps Only Received a Misdemeanor
"On a misdemeanor? Meanwhile, you're sending grandmas to prison. You're putting people away for 20 years for merely filming. Some people weren't even there yet. You got the guy on video. He's saying, go into the Capitol. He's directing people to the Capitol before the speech ends. He's at the site of the first breach. You've got all on the goods him, 10 videos. And it's an, and it's an indictment for a misdemeanor. The American public isn't buying I it. yield the balance of my time to Chairman Jordan. May I answer the question? I'm going to ask you one now. We'll let the gentleman. Yeah. Go ahead. In discovery, in the cases that were filed with respect to January 26, the Justice Department prosecutors provided whatever information they had about the question that you're asking. With respect to Mr. Apps, the FBI has said that he was not an employee or informant of the FBI. Mr. Apps has been charged. And there's a proceeding I believe going on today on that subject. The charge is a joke. I yield to the chairman. Cut nine, go. Elon Musk was a Democrat who admittedly supported Biden, but then he became a critic of the administration and exposed the censorship regime. Now, per public reports, the DOJ has opened not one but two investigations of Elon Musk. Mark Zuckerberg, on the other hand, spent $400 million in 2020 tilting the elections secretly for Democrats. No investigations so far. To the American public, these look like mafia tactics. You pay us your money, we look the other way, you get in our way, we punish you. The American public, these tactics are. One hundred percent. While it's more of the same the during hearing, I'm not going to play anymore for you,
Evening News with Art Sanders
Fresh update on "musk" discussed on Evening News with Art Sanders
"Talk about recovery or side effects. I'm Margie Zara Letter 18 after when America in the morning continues what's so hot about the new phone after these messages. Thanks The lights are off everything is quiet you're ready to sleep but your brain isn't it's going a mile a minute stressing about every detail of your life like that awkward thing you said when you were 13 or whether you chose right the career or that unanswered text you sent earlier sound familiar whether they before strike bed or anytime throughout the day raising thoughts are a pain therapy can give you a place to work all through those thoughts and come up with solutions so they don't keep you up at night or stop you from enjoying the rest of your day with better help just fill out a brief questionnaire to get matched with a licensed therapist based on your needs and preferences connect by phone video or chat from wherever you are switch therapists any time and use flexible week -to -week scheduling to book appointments get a break from your racing thoughts with better help visit betterhelp .com slash chatter today to get 10 % off your first month that's better help h -e -l p dot com slash chatter texting privacy policy in terms and conditions posted at textplan .us texting recurring roles for automated text marketing messages messaging data rates may apply or play stop top out guys got hair loss i should know i what shave you're thinking my head comb it over wear a hat just stop this isn't 1970 keep your hair and your confidence because Bosley America's number one hair restoration experts can give you your real hair back permanently check them out today because they're giving away an absolutely free information kit and a free gift card to anyone that texts brush to 200 300 dude you don't have to look like your dad because this isn't your dad's hair loss treatment people all over the country trust Bosley because they're ahead of the curve they the use latest technology to give you your real hair back and the best part Bosley's permanent solution is protected by the Bosley let guarantee Bosley show you for free how awesome your hair could look with an absolutely free gift and a gift card for $250 off text brush to 200 300 that's brush to 200 300 300 let Bosley show you for free how awesome 20 after welcome back here with America in the morning a federal judge in New York has rejected FTX founder Sam Bankman Freed's attempts to stay out of jail pending his upcoming trial on fraud charges attorneys for Bankman Freed argued that he should be released on bail during the trial to better allow him to prepare with lawyers but the judge shot down that plea the trial which begins next week will center on whether Bankman Freed is legally responsible for the alleged money laundering and business fraud schemes led that to the demise of his company CNBC's Jessica Edinger has your Friday business update welcome to the final day of September trading in the end of the third quarter of the year stocks are coming off a winning day yesterday for the major averages as bond yields ticked a little lower September traditionally tough for the stock market call it the September slump this year it's on pace for that with the major averages all down at least 3 percent investors keeping tabs on Washington as a government shutdown looms at midnight tomorrow this economy night grew the at a 2 US .1 % annual pace in the second quarter GDP gross domestic product called sturdy in the face of higher interest rates Americans can't get enough of the new obesity in and diabetes drugs new evidence the demand for obesity and diabetes drugs is skyrocketing according to analytics firm trillion health prescriptions for Ozempic, Wegovy and similar meds topped 9 million during the last three months of 2022 shares of Novo the maker of Ozemthic and Raghavi at more than 35 % this year CNBC's Carl Quintanilla Elon Musk's Tesla being sued by the government the the Equal Employment Opportunity Commission alleges widespread racist treatment of black workers meantime Elon Musk's ex social media platform the former Twitter notified by the NFL about ads its being placed next to white nationalist accounts a number of brands have pulled their advertising from the former Twitter because there's no guarantee they wouldn't appear next to neo -nazi content Apple is facing some backlash on social media about its new iPhones the new iPhone 15 Pro and Pro Max well guess what they may be too hot to handle owners complaining on social media the phones becoming too hot physically this is to touch when they make a call or FaceTime or while charging CNBC's Andrew Ross Sorkin announcement this morning expected from the UAW president yeah the auto workers unions gonna announce this morning whether whether the strike will be expanded that's supposed to happen if the Union believes no meaningful progress has been made on a new contract the parent of Jeep and Dodge which is called Stellantis has something to read from the Union two issues are front and center separate from the potential wage increase with Stellantis one is the fate of the that is just outside of Rockford Illinois final assembly plant that's been idled since February and second of all what happens with a number of parts and distribution centers that Stellantis is considering closing what happens people with the who are at those plants the UAW has submitted a counter proposal to Stellantis CNBC's Bo Phil on today's watch list we get the latest on inflation with the PCE report personal consumption expenditures new in theaters Sony's dumb money Disney's creator PAW Patrol the Mighty Movie and Lionsgate's
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1406: Bitcoin Will Hit $4 Million, Rising 100x - Peter Thiel
"In today's show, we'll be discussing Bitcoin Bollinger Bands hitting a key zone as Bitcoin price fights for $27 ,000. In breaking news just in, Bitcoin hash rate hits a new all -time high. Let's go. And quoting Stacey Herbert, Bitcoin is pumping on the news of President Bukele's speech to the UN tonight. Can't wait. We'll also be discussing Bitcoin Adoption Fund launched by Japan's $500 billion Nomura Bank. That's right. The Bitcoin Adoption Fund will have long -only exposure to Bitcoin and be available to institutional investors. We'll also be sharing Sam Bankman, Fried's father, dragged his mother into an FTX US salary dispute. You can't make this stuff up, folks. Also in today's show, Bitcoin gearing up for a post -having parabola, according to crypto analysts. I'll be sharing his very bullish all -time high target. We'll also be discussing crypto asset market cap should explode 5 to 10x during the next bull cycle, according to investor Raoul Pal. I'll also be sharing Peter Thiel's $4 million Bitcoin price prediction, and we'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again, that's cryptonewsalerts .net. Welcome everyone just joining us. This is pod episode number 1406. I'm your host JV. And today is September 19th, 2023. We have lots to cover as usual. Massive shout out to everyone today in the live chat. Please let me know where you're tuning in from. And at the end of the show, I'm going to be reading everyone's comments out loud. Let's kick off today's show with our market watch as we do each and every day, the entire crypto market back in the green with Bitcoin back above $27 ,100 and checking out coinmarketcap .com, the current crypto market cap on the climb at $1 .08 trillion with roughly $27 billion in volume for the past 24 hours, Bitcoin dominance at 49 .2 % and the Ether dominance at 18 .4%. And checking out the top 100 crypto gainers of the past 24 hours, we have TonCoin leading the pack up 5%, trading at $2 .57, followed by GMX up about 5%, trading just under 36 bucks, followed by Conflux up 4%, trading at $0 .12. And checking out the top 100 crypto gainers of the past week, virtually 95 out of the top 100 cryptos are in the green. Some of the top gainers include GMX, GRT, as well as CRV and NEO. And checking out the crypto greed and fear index, we're currently rated at 46 in fear, same as 37 in fear. So there you have it. How many of you are pretty stoked for this most recent pump? And how many of you agree with Stacey Herbert that this pump is due to Bukele's speech scheduled for this evening? Let me know, fam. And now let's dive into today's Bitcoin technical analysis. Check out the charts and what's popping with the king crypto. Bitcoin could see fresh upside volatility as the price action and the strength revisits a key level according to a classic metric. In a new post, John Bollinger, creator of the Bollinger Bands volatility indicator, says Bitcoin was positioned for a breakout decision. That's right. After hitting new September highs the day prior, Bitcoin has been challenging resistance levels out of reach since mid -August, according to data from Cointelegraph and TradingView. Now for Bollinger, the signs for Bitcoin are encouraging. Bollinger Bands use a standard deviation around the simple moving average to determine both the likely price ranges and volatility. And as Michael Saylor once said, volatility equals life force. Now, currently Bitcoin is putting in daily candles that touch the upper band. And when this happens, it can signal an imminent reversal back to the center band, or conversely, an inbound fit of upside volatility. Now narrow Bollinger Bands seen on Bitcoin recently lend weight to hopes that the latter scenario will now play out, quitting him here. And then there is the first tag of the upper Bollinger Band. After the new set of controlling bars were established at the lower band, he commented alongside this chart, the question is now, can we walk up to the upper band or is it too early to answer? What are your thoughts, chat? Let me know in the comments below. Now Bollinger characterizes the current mood among seasoned Bitcoin traders and analysts on the short -term timeframes. Despite the strength seen this week, caution abounds as various trend lines previously acting as support remain above the spot price. Now discussing the situation, we had on -chain monitoring resource, material indicators share the following. We have heavy technical resistance overhead at the key moving averages and support at the lower low. It is quite possible that we round trip the range. And with any luck, we'll see a legit test of the RS levels that will give us some clarity on where Bitcoin goes from here before the end of the week. And they also shared here in update number two, as noted earlier, it appears the Bitcoin bulls are gaining some momentum, but things are not always as they seem and goes on to share that sometime after last night's candle and close open, we've seen a new trend precognition signal develop on the daily chart and it seems to be bullish. I mean, we are breaking out. We are above 27 ,000. So let's freaking go. And also more strong foundation on the technicals. You can see Bitcoin hits yet another all -time high, which virtually means the network has never been this strong and this secure. Now I'm pretty stoked to tune into President Bukele's speech to the UN this evening. What do you think he has to share besides? I told you so. Let me know, fam. And again, welcome to everyone just joining us for the live show. Lots to continue to cover. So let's continue breaking it down. Next, let's discuss this adoption fund, which is a pretty big deal coming out of Japan. Let's go check this out. Japan's largest investment bank, Numura's digital asset subsidiary, Laser Digital Asset Management, launched the Bitcoin adoption fund specifically for the institutional investors. Bring it. The official announcement noted the Bitcoin -based fund will be the first in a range of digital adoption investment solutions that the firm plans to introduce. Now Numura is a Japanese financial giant with over $500 billion worth of assets, which basically that's half a trillion, baby, offers brokerage services to leading institutional investors. The Bitcoin fund launched by its digital asset arm will now offer investors direct exposure to BTC. The Laser Digital Bitcoin Adoption Fund offers long key exposure to Bitcoin. The financial giant has chosen Kamanu as its regulated custody partner. The Bitcoin fund is a portion of Laser Digital Fund's segregated portfolio company that has been registered as a mutual fund in accordance with the Cayman Islands regulatory authority. Now, Laser Digital Asset Management head Sebastian said the Bitcoin is one of the enablers of this long -lasting transformational change and long -term exposure to Bitcoin offers a solution for the investors to capture this macro trend. Now, the Bitcoin adoption fund might be the first of its kind launched by Numura and the digital asset arm, but the Japanese investment banking giant has been investing in the digital asset ecosystem for quite some time already. In fact, September of last year, the firm launched its digital asset venture capital arm to stay at the forefront of digital innovation. And also won Dubai's virtual asset regulatory authority license to operate in the country. The long -only Bitcoin adoption fund for investors in Japan comes amid a growing discussion around Bitcoin -based investment products from regulated and mainstream financial giants. The United States SEC approved two Bitcoin ETFs, even though there is a delayed decision specifically on the spot. Bitcoin ETFs. What's up with that, Mr. Gensler? Just saying. And apart from the US, Canada and focused investment products over the past couple of years. So there you have it, mass adoption, let's freaking go, especially on the institutional level. How many of you are in Japan? I know we have some in our audience out there. Let me know. And have you ever heard of this company before? Any plans in investing through them? Let me know how you guys feel. And now let's break down the latest. It gets more surprising and shocking every day with what all is going on with Bankman -Fried and FTX. Now his parents are involved. His parents are being sued by FTX. And it's just a nightmare of a mess, to say the least. So let's break down this latest story regarding SBF. Now, Joseph Bankman, the father of the former FTX CEO, Sam Bankman -Fried, complained to his son about the salary he was receiving during his employment at FTX US, turning the issue into a family matter. In a September 18 filing with the US Bankruptcy Court for the District of Delaware, FTX debtors filed a complaint against Bankman and Barbara Fried, alleging that SBF's parents misappropriated millions of dollars through their involvement in the exchange's business. And according to the court documents, Bankman's contract with FTX US should have provided a $200 ,000 annual salary following a leave of absence from the Stanford Law School in December 2021. However, Bankman seemed to express ignorance about the terms of the contract, claiming to both FTX US and his son that he was expecting a $1 million annual salary. What about all that property in the Bahamas, fam? What about all that? Hundreds of millions worth of properties? Just wanted to throw that out there. The complaint states that Bankman was putting Barbara on this, suggesting that SBF's mother may have been able to persuade her son to follow through with the salary change. Things get even more interesting. So according to the complaint, Bankman's influence paid off, with SBF later providing his parents $10 million from Alameda Research. Can you talk about commingling? A 16 .4 million property in the Bahamas, funded by FTX Trading, the ability to expense roughly $90 ,000 to FTX Trading on the island nation in the Bahamas, and options to purchase company stock. Now, when reached out to the legal team representing Bankman and Fried, but did not receive a response at the time, unfortunately, the legal action brought by the debtors was the latest in the bankruptcy case involving FTX and many of its subsidiaries filed in November of last year. Bankman Fried also faces 12 criminal charges to be spread across two trials, starting in October of 2023, which is right around the corner, fam, and March of 2024, right before the halving, scheduled for April of next year. And since the federal judge revoked his bail in August, Bankman Fried has been largely confined to the Metropolitan Detention Center in Brooklyn. Where's Brooklyn at? Before the start of his October trial, then on September 19th, a three -judge panel heard an appeal from SPF's legal team requesting the former FTX CEO to be released from jail in order to prepare for the trial, citing the lack of internet access and first amendment issues. All I got to say is this, I mean, how many people realistically have access to the internet in jail? Why should he? Million dollar question right there. But what are your thoughts, fam? How do you think this is likely to play out? And do you think that Bankman Fried's parents are just as guilty as SPF himself with the commingling and the fraud of going up north of $30 billion, making it the biggest scam in history that we're aware of? Hence why we call him Mini Madoff, because he made off with billions of dollars worth of investors' money, and Gary Gensler and the SEC was protecting him behind closed doors. So it's going to be very interesting to see how all this is likely to play out. Now let's discuss post halving. We all know there is a halving scheduled roughly six months out. We all know post halving, the price action is most likely going to reach a new all -time high and enter price discovery mode. Well, this analyst shares a very intriguing target. So let's break this down, shall we? And welcome to y 'all just joining us. Say hello in that live chat. Let me know where you're tuning in from. I stream live here seven days a week from Puerto Rico. Synonymous analyst Rhett Capital tells his followers on X that Bitcoin can rally above $80 per ,000 coin in the months following next month's event. For the halving, send it. Let's go. The Bitcoin halving cuts the Bitcoin miners' rewards in half, as we all know, expected to take place in April of next year. And while Rhett Capital is a long -term bull on Bitcoin, he notes that it is possible for Bitcoin to continue its downtrend before the halving, putting him here. Hang in there and make the most of any deeper downside in this pre halving period. You won't see the post halving parabola in the outlines here in this chart. It shows you in the yellow, the pre halving period, then in the pink, the post halving resistance, and then in the green, you can see the post halving parabola when we hit those new all -time highs. Now, Rhett notes that Bitcoin may repeat its 2019 bear market cycle when it traded within a triangle pattern before breaking out and starting off the bull market, as he shares here, if Bitcoin continues to form lower highs, could Bitcoin fill the CME, which is the Chicago Mercantile Exchange gap, at $20 ,000 later this year or in early 2024? So it makes a good point. There is currently a gap sitting at that $20 ,000 psychological level. And he continues, if so, the possible path could be consolidation to the apex of the black triangle before finally breaking out to close the halving. And you can see that triangle right here in this chart. Now, looking at the chart, he seemed to suggest that Bitcoin will confirm the triangle breakout in April of 2024, followed by a rally towards his long -term target. Now, let me know your thoughts, chat. How many of you agree that Bitcoin is likely to break out to a new all -time high, entering price discovery mode in 2024, the year of the halving? Let me know. And what are some of your targets? I'd also like to point out that the Stock the Flow model and Plan B, creator of that model, he suggests a $100 to $1 million range price for the King Crypto post halving. We also have some very other bullish predictions, which I cover on a daily basis here on the channel. But I'd love to know your personal prediction. I think we reached the cycle peak personally sometime in 2025, but I think 2024, we enter that price discovery mode. But I'd love to know your thoughts and your opinions in the comments right down below. And now let's break down our next story of the day and discuss the latest from the macro guru, Raoul Pal, who is suggesting that the Bitcoin market cap and crypto market cap as a whole does something between 5 and 10x for this upcoming bull cycle. Now, you do the math. We have a crypto market cap right now. I'm going to ballpark it at a trillion. We have a Bitcoin market cap. I'm going to ballpark it at a half a trillion, which is 500 billion. So hypothetically, if we were to 10x Bitcoin in and of itself, we're talking about a 5 trillion dollar Bitcoin market cap, which would be half the current market cap of gold. Now, with the entire crypto market cap, we can potentially hit 10 trillion. Now, also note, back in November of 2021, when we hit that all time high of 69 ,000 in November of last year, the total crypto market cap was just north of that 3 trillion dollar market cap. So he's so let's break this down and shout out to Raoul Pal. Here we go. Former Goldman Sachs executive Raoul Pal says the next bull cycle can bring an explosion in the market cap of all of the digital assets. That's right. In a new interview with Altcoin Daily, the macro expert says he expects a huge increase in the adoption of digital assets, and that can cause the total market cap of crypto to skyrocket as much as 900 % from its current value during the next bull market. Quoting the analysts here, obviously, I think we'll go well through new all time highs. I think the whole ecosystem of crypto will go from 425 million users where we're at today. And I think at the end of this cycle, there'll be a billion users by that kind of use cases in which we have talked about. And let's not forget, we have got central bank digital currencies that are known as CBDCs and stable coins. There is a lot going on still. So if this entire space is going to grow 2 .5 X in the number of users, well, the market cap of the entire space is five or 10 X. Send it. Let's go. Pal also says he is closely watching development of layer two Altcoin projects for new use cases, which could boost the value of their individual market cap, quitting him again. And then let's see how people value layer twos in this. We don't really know how layer twos accrue much value. Do we have to have a massive amount of transactions in which case then you need stuff like Ticketmaster with millions and millions and millions of transactions to drive value to those chains because they batched them and batched them down to Ethereum. So there you have it. And to watch this interview, he did Raul Pal, the macro guru with Altcoin Daily entitled best cryptocurrency investing strategy into 2024. Check the show notes, blow the video in the description and let me know your thoughts on his personal prediction. Do you feel post having that the market cap for the entire crypto market can likely 10 X from the current valuation along with Bitcoin surging 10 X to roughly a five trillion market cap? And hypothetically, if the macro guru is correct, where do you think that would likely take the Bitcoin price? Well, let's run some hypothetical math. Bitcoin was the 10 X from the current price action of 27 ,000. Well, that's $270 ,000 per coin. Take that. And as we all know, Bitcoin rises like that, the entire crypto market cap would go along for the ride, including the altcoin. So please let me know in the chat, fam, which altcoins, if any, are you most bullish on in the crypto market? And what are your thoughts surrounding Raul Pal being so bullish on Solana? A few months back, I read in an interview he shared that 80 % or more of his portfolio was specifically in an altcoin called Solana. So I'd love to know your thoughts. Obviously, he has a high risk tolerance as I look at that particular cryptocurrency to be very risky, especially with all that went in with the venture capitalists and SPF and FTX exchange pumping that particular all. So I'd love to know how you feel regarding all of that. And with that being shared, fam, now let's discuss Peter Thiel and his $4 million price prediction, as well as rumor has it, and I'll be covering this as well, that he dumps most of his Bitcoin position at the top of the market practically 30 days before the crash. So let's break this down because Peter Thiel was actually one of the keynote speakers at the Miami Conference for Bitcoin. And here's what he had to share as I transcribed his speech, and then we'll discuss him reportedly making $1 .8 billion cashing out on his eight -year bet around the time he was touting these all -time high predictions. So here we go. He says, the enemy's list is a list of people who I think are stopping Bitcoin. He says there is a lot of them. They tend to have nameless, faceless bureaucratic perspectives, which of course is one of the ways they hide. He goes on to share, we are going to try to expose them and realize that this is sort of what we have to fight for Bitcoin to go up, 10x or 100x from here. Now, just FYI, to give you some perspective, at the time he made this prediction on stage at the Bitcoin Miami Conference, Bitcoin was trading at roughly $43 ,000 per coin. So you run the math. 43 ,000 times 100x is over $4 million per Bitcoin. So you know that? Let's continue with what he had to share. The central banks are going bankrupt. We are at the end of the fiat money regime. How many of you agree with that statement? I agree there 100%. The first person on the list is Berkshire Hathaway CEO, Warren Buffett. Thiel put up a picture of Buffett with two of his most famous quotes about Bitcoin. One was rat poison and the other, I don't own any and I never will. I also like to point out now since then, Warren Buffett has much indirect exposure to Bitcoin through Bitcoin mining stock companies and etc. So go figure. If you can't beat them, join them, right? And he goes on. He opined, I think the direct in it. Yeah, and I say also Charlie Munger goes along with him. Now, feel further noted that Buffett has a bias and makes him long on fiat money system and money managers who follow the Berkshire Hathaway executives advice will pretend it's complicated to invest into Bitcoin. I think we call that FUD. Fear, uncertainty and doubt. Now expect nothing less from one of the wealthiest people in the fiat money matrix Ponzi scheme. You know what I mean? So just saying. The next person on the list of Bitcoin's enemies is the one and only JP Morgan Chase CEO, Jamie Dimon, or as Max Kaiser calls him, Jamie the tapeworm. They'll put diamonds picture up with the following quote. I don't call them crypto currencies. I call them crypto tokens because currencies have rules of law behind them, central banks and tax with authorities. Now you guys already know how I feel personally about JP Morgan Chase CEO, Jamie Dimon. So I won't go any deeper there. But anyways, we know he's an enemy of Bitcoin and always has been. The next picture he put up was of the BlackRock CEO, Larry Fink, with the following quote. I see huge opportunities in a digitized crypto blockchain related currency, and that's where I think it is going to go. Now just FYI, Larry Fink is the CEO of the largest asset management firm in the entire world, which owns a large share in virtually all the companies in the S &P 500, and that is BlackRock. They currently have over $10 trillion in assets under management. And for a long time, he was spreading FUD regarding Bitcoin. But guess what? Like I mentioned earlier, if you can't beat them, join them because they just most recently, a few months ago, they submitted their application for a spot Bitcoin ETF, which ultimately means they're going to be introducing this to the institutions which have trillions upon trillions of dollars as there's currently north of $700 trillion in total addressable market, and they want their piece of the Bitcoin pie. So he goes on to share, the PayPal co -founder added that Fink's quote is somewhat representative of the whole genre of Bitcoin attacks that need further context, stating that pro -blockchain is an anti -Bitcoin term, very typically. Feel then brought up the environmental, social, and governance, ESG standards, elaborating the following, the label they have come up with, and perhaps the real enemy is ESG. I think that ESG is just a hate factory. Also like to throw out there, Elon Musk, he stopped taking Bitcoin payments for Tesla, and he says it's because of the FUD regarding this ESG, and we all know it's not more than FUD, and it's already been proven that Bitcoin is more than 50 % clean energy. So the million dollar question, when will the world's supposedly wealthiest man, Elon Musk, when will he start accepting Bitcoin payments again for Tesla? Isn't that a great question, and wouldn't you love to know the answer to that? Maybe you should ask Elon and tag him on X and see what he says. Anyways, feel stressed. You can always ask the question, what's the difference between ESG and the CCP, the Chinese Communist Party? Well, when you think ESG, you should be thinking of CCP per H. Now, he also goes on to share, it is the finance gentocracy that runs the country through whatever silly virtue signaling or hate factory to them, just like ESG, the billionaire concluded. This is what I would call and what you have to think of as a revolutionary youth movement, and we have to just go out from this conference and take over the world. So there you have it, fam. What are your thoughts surrounding Peter Thiel's prediction that we are likely to 100X, and along with his enemies list, as it seems, a lot of the enemies have come around and now have direct exposure to BTC, but it doesn't stop there because around that time he was making this $4 million Bitcoin price prediction. He allegedly dumped most of his position cashing out and with over a billion dollars in profits for his fund. So let's also break this down as this is also very relevant. How many of you were able to watch the speech he gave at that Bitcoin conference? It was epic, to say the least. I recall it now. So here we go. Check it out. Peter Thiel's venture capital firm reportedly made $1 .8 billion closing out its crypto positions around the time when he was an early Bitcoin bull, still predicting the token's price to surge by 100X. And again, from 43 ,000 price action, 100X means over 4 million. Founders Fund had cashed out almost all of its bets on digital assets by March of 2022, according to the Financial Times report that cited people familiar with the matter. But Thiel was still backing Bitcoin, obviously, when he spoke at the crypto conference in Miami the following month. He went on to share where at the end of the fiat money regime, he said, adding that the token's price could increase 100 fold from its level at the time, which was reported at $44 ,000 per coin. That prediction was proven false and as rising interest rates and failures, the high profile firms like Celsius Network, Three Arrows Capital, FTX, Terra Luna dragged the crypto sector into the prolonged bearish winter. Now Bitcoin plummeted by over 60 % in 2022 and was trading at under 17 ,000 by the end of the year. And I believe the bottom currently for the cycle is 15 ,700. How many of you feel that that bottom is in? Let me know, chat. Founders Fund first started pouring money into crypto all the way back in 2014, when Bitcoin was only trading at roughly $750 per coin. So by the time Bitcoin reached its all time high in November of 2021, it had surged 8 ,500 % from that particular level. Not too shabby for a seven year run, wouldn't you say? Now Thiel has a long track record as one of Silicon Valley's most prominent tech investors. He took early stakes in startups, which include Facebook, Elon Musk's SpaceX, and ride hailing app Lyft, and even co -founded PayPal back in 1998. Thiel is also a high profile supporter of the Republican Party and continued to voice his support for Donald Trump since the former president left office in January of 2021. The fund held around two thirds of his portfolio in Bitcoin at one time, but now not has significant exposure to crypto according to FT's sources. So there you have it. Fam, what are your thoughts surrounding his prediction and him cashing out at around that time he was making those all time high predictions of 100X? Let me know, fam. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
The Café Bitcoin Podcast
A highlight from Store of Value and Proof of Work with Ben Justman, Founder of "Peony Lane Wine" - September 18th, 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. Happy Monday. It is time for another awesome week in Bitcoin. Man. It is so cool getting up on a Monday morning. You know, most people are like, oh, God, it's another Monday. They don't even want to get out of bed. They're dragging ass. They're like, oh, but Bitcoiners are like, let's go. All right. Good morning to all of you, Lisa. Good morning, Peter. Good morning, Mickey. Morning. Good morning. Don Bay Terrence. Good morning to all of you. Shout outs to my cobart in the audience. Joe Carla. Sorry. Hi, guys. Alex, the other Alex, there is another Alex. Alex talks tweets. She works at Swan. Shout out to you. You're welcome to come up. She does some amazing stuff. I'm not there's other people in the audience here who work for Swan. I'm not going to talk to you because you guys have some semi names. I don't know. Anyway, morning, Jacob as well. Welcome back from your golf excursion or the weekend. Tone vase morning there on you an invite. I just found out I'm on a panel with tone vase for Pacific Bitcoin. I'm moderating tone vase and Pierre Richard and Jimmy song. That's awesome. And I guess our mission is to talk about shit coins. So for whatever that's worth. All right. Welcome to Cafe Bitcoin episode four hundred and thirty six. Shout outs to our supporters on Fountain and Noster Nests. Our mission for this show is to provide the signal in a sea of noise, teach the other seven billion people on this planet why there's hope because of this bright orange feature we call Bitcoin. Today's show, we're going to be discussing BTC performance versus other assets. There's a tweet Saylor put out with a really interesting chart. We'll be talking about that. United States interest payments are at insane levels and the near perfect energy arbitrage of Bitcoin later today. We have Ben Justman from Penny Lane Wine coming on the show. Very excited. He's an example of the Bitcoin circular economy. So you've got people who are craftsmen making really fine high end things and they're selling them directly to big winners. And man, I love to see it because this is the future. Like we're moving away from this entire consumer rush, rush, rush, get on the hamster wheel, make money that is constantly devaluing and then spend it on shit that you're going to replace one month or one year from now because it's garbage. But that's the entire consumer economy system. It's insane. But Bitcoin is switching that. I think we're going to flip this thing completely on its head. How long will it take? I have no idea. But I think it's coming. Anybody have any opening comments you want to make before we start digging in here? Just that the coffee and the Bitcoin charts are hitting hard this morning. So let's go. Yeah, what's up with that? I saw there was something like, I don't remember the exact stat, but the open interest has is skyrocketing, I guess. We went from twenty six, what is this, five ish to twenty seven thousand two hundred and thirty ish per Bitcoin right as of right now this morning. Lisa Huff, what did you do? You know, I missed the days when Bitcoin was actually volatile, like I am excited to see that it moved and I was also excited to see that it moved down last week. But as for me personally, Alex, what you said is correct. Bitcoiners were ready to get up and do it. And in the last several months, I have, because of Bob Burnett's lovely wife, Lola, I heard a comment that she said she made about health and fitness. She said you have to approach it like it is your lifestyle. Yeah, kind of kind of changes things up. I'm raring to go at like five o 'clock in the morning. Start workout, just went to Pilates. That's my whole life story, guys. Now you know it. Nice. I like it. I think it's awesome. Like I've shifted also because now I'm on the East Coast. So the showtime starts differently for me now. And I have time first thing in the morning, get up and go do physical things. And man, it's it's been amazing. It's been awesome. You've got to exercise for life to keep your life long and healthy. It is a lifetime thing. And finding something that you enjoy doing while you exercise is critical to that. Personally, since I'm on the West Coast, I make my bed and it's a successful day before Cafe Bitcoin. And I am not qualified to discuss anything, just so everybody knows. It's all good. Shout out to Mike Germano in the audience, throwing you an invite if you would like to come up here and obligation to do so. Alex, good morning. Welcome. I think this is the first time you've been up here now. Hey, good morning, everybody. Yeah. Thanks for inviting me up. This is a lot of fun. I'm always listening while changing diapers in the morning and doing the whole mom thing before I clock in. So thanks for having me. Yeah. What are you excited about in Bitcoin and with Swan and with everything? What are you excited about? Wow. That's a loaded question. But I mean, short term, I am stoked on Pacific Bitcoin coming up. I sent out an email blast this weekend. Hopefully many of you guys received it. And I heard you mention your panel, Alex. And the description in the email of that panel is... So the title is Shitcoin Slayers, but that's pretty awesome. And basically, shitcoiners are shaking in their boots and stand no chance against Alex, Tone Vays, Jimmy, Pierre. There'll definitely be some fighting words and not some subtle jabs. It's going to be an awesome talk. Yeah, just a lot of good stuff in the pipeline for PB. Hope to see you guys there. Tone Vays, good morning. We're on a panel together. Good morning. Yeah, I saw that in the email that you were sending that over. Yeah, so that's great. Do you guys know which day that would be? That first day or second day? I have no idea. I just literally just found out myself because I got the email just like everybody else. It's funny, right? They're like, they don't even tell me. Yeah, no, it's good. I actually tweeted out just last night. Ethereum had a brand new weekly low 12 -month close against Bitcoin. And that is a very weak TA symbol for Ethereum. And it's already going down a little bit today as well. So I think, yeah, shitcoins are in a bit of trouble. But the weird thing is, though, have you guys seen what is going on over in Singapore right now with token 2049, which pretty much has become the biggest shitcoin conference in the world? It is crazy. That conference is so scary to me. It tells me that shitcoiners still have an unreasonable amount of money. And maybe the bear market's not over yet. I don't know if anyone's seen the party videos from there. No. What I wonder about is, in this next cycle, are they tapping Asia? Are you going to see a lot of shitcoin conferences over in Asia? And are they going to be gigantic? Oh, I was going to just say probably. But the scary thing is that that conference was massive. And they're renting out sweets with the best views of the... Let's get some context. Let's get some context. What do you mean by massive? What does this mean? What does massive mean to you? Numbers? Do you have an idea of a number of attendees kind of thing? I don't. I'm assuming 5 ,000 to 10 ,000 people. I wasn't going to watch that much. But it was like the after party, right? Like renting out the most expensive restaurant in Singapore. Getting front row seats or the best views of F1, a race that was happening the day after the event. If you just do the hashtag token2049 and just look at their after parties, I don't think anyone really cares. It seemed like a borderline Bitcoin 2022 or one of their older ones. It was insane. And based on how well the shitcoin community is doing, I'm like, man, this bear market may not be over yet. Well, Tone, they're long on other people's fiat, but that tells me they're short on their own tokens. That's why they're spending so hard. It's possible. Is Ethereum ever going to make new highs against Bitcoin? Nope. No, no way. And I said that on a show. I was on Ben Cohen's podcast and a lot of his audience is apparently shitcoiners. And I said that no shitcoin has ever made a new high versus Bitcoin in the following bull market of Bitcoin. Like it's never happened. Actually, I did find one exception. That exception was Doge. But that's because of Elon Musk. It's not because of anything Doge did. And BNB, right? No, BNB never really pumped in the 2017 market because it was just launching then. So BNB's high is the 2021 bull market, and that will never be surpassed. In the case of Ethereum, it's the 2017 bull market. In the case of Litecoin, it's the 2013 bull market. So if a token has been around for like a full year before the bull market, that is its ultimate high. Like it never breaches it. Ethereum will never break its 2017 high. No way.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1402: Javier Milei: The Next Pro Bitcoin President
"In today's show, Bitcoin price shows a textbook Wyckoff move as the Bitcoin bulls defend $25 ,000. In breaking news, pro -Bitcoin US Congressman says sound money is essential to defending freedom preach. Also in today's show, we'll be discussing Bitcoin's clean energy usage reportedly exceeds 50%. However, why hasn't Tesla started accepting Bitcoin payments as Elon Musk promised? Also in today's show, Bitcoin primed to surge by over 70 % in a 2015 style price jump, says top crypto analyst Michal van de Poppe. I'll be sharing his timeline. We'll also be discussing the one and only Michael Saylor, predicting a $5 million Bitcoin price and what's the likelihood of this coming true. Also, what has recently broken the internet, Tucker Carlson gives Bitcoin a massive victory with his recent interview with Javier Millet. In fact, that interview now has over 330 million views, quoting Max Keiser, Tucker and Javier heading to 500 million views in 24 hours. The appetite and the Spanish speaking world for truthful economics reporting is unbelievably huge. And Max also points out he's scheduling a trip to Argentina to meet with Javier Millet. So make money private again. Let's go. We'll also be taking a look at the overall crypto market, all this fam, plus so much more in today's show.
Simply Bitcoin
A highlight from Why Tucker Carlson is a Bitcoiner | EP 825
"Yeah, welcome to Simply Bitcoin Live, we're your number one source for the peaceful Bitcoin and religion of carbon making news called Traumatic Warfare. We will be your guide through the separation of money and state before anyone makes fun of me in the chat. My mother -in -law got me these like blue light blocker glasses and I put them on last night and I felt like immediate relief and there's like different shades for it. So like these are like nighttime when the TV is there and then these are like right before you're gonna go to sleep but apparently these are for daytime. Anyways, they're badass, your eyes literally feel like they're relaxing and Opti of course is already trolling me and as well, I'm sure the chat is as well. So that's why I'm wearing these, maybe I'll continue wearing, they feel good, I'm on my computer all day, you know what, I don't care at this point. Anyways guys, today's gonna be a great, great show, orange tinted glasses, I didn't think about that. Today's gonna be a great show, we're gonna talk about the man, the myth, the legend, Tucker Carlson himself. His show last night that he released on Twitter, which I highly, highly recommend, actually has last time I checked, 320 million views, it beat the interview that he did with Donald Trump by like 100 million views. And once again, you have a politician, right, so Justin Trudeau is basically gaslighting saying like, you know, we have to put price controls on the grocery stores for raising the prices and all that stuff. But you have a politician who is literally identifying the problem, he's literally saying the government is the problem, the money printing is the problem, the government is the sole cause of these things. You have an Austrian economist who has a really good opportunity, really good shot at winning the presidency. And why I believe this video was so popular was the same reason as to why I believe that video Richmond, North of Richmond, went viral the way it did. People are feeling the pain, people are questioning the current system, and people are desperately seeking an alternative, which is why I believe this this hardcore libertarian Austrian economist has a really good shot at winning the presidency in Argentina, and the country is currently dealing with 100 % inflation, like, like, obviously, people are questioning it. And when you have a politician who's actually identifying the real cause of inflation, like people put two and two together, right? Javier Meli wouldn't be popular if he didn't strike a nerve. Richmond North of Richmond wouldn't have gone viral, right? Without any of the marketing and any of the push by the big studios, it was just basically a very small studio, it's a guy in his backyard with his dog, literally singing into a microphone. That would not have gone viral if it did not resonate with people, if people weren't feeling the pain that he was feeling, right? So this is, we are living through, in my opinion, the separation of money and state. All these roads, like even if Oliver Anthony, and even if, you know, Javier Meli, you know, and we know he likes Bitcoin, but you know, he wants to dollarize the country, all roads eventually lead to Bitcoin. Some people take the longer road, some people take the shorter road, but eventually it all leads to the inevitable conclusion that we have to separate money from state, because as long as the state has the privilege of being able to create money for free that everyone else has to work for, they will abuse that privilege to benefit themselves and benefit their friends at the expense of everyone else. And this is exactly what Bitcoin fixes. So this is really, really exciting times. Tucker, I don't think he would be at this point if it wasn't with the conversations that he had with Naeem Bukhale. Tucker would not be at this point if it wasn't, if he didn't have the conversations with Michael Saylor. Tucker would not be at this point if he didn't have the conversations with Max Keiser. And even though he was the most popular broadcaster on the legacy corporate media, his words were so dangerous that they had to fire the guy. And that makes sense. Look at all the other articles that are that's coming out of the legacy corporate media attacking Naeem Bukhale, attacking Javier Milli. Because I think they're exposing the fraud that is fiat money and the fraud that is the current established system anyways, it's going to be a great show before we get to it. I want to bring up my legendary co -hosts. We're both wearing glasses now, Opti. Opti was making, I was telling you hard, it's so much fun of me in the beginning, but I'm going to buy you a pair. You're going to be you're never going to take off anymore because I need the colorblind one. Your eyes are literally going to relax, bro. Like your eyes are literally like look at my eyes are like relaxing right now. They're like they're like, oh, like I don't even know what that means that your eyes feel relief. Like you don't even know what that means, bro. I have no idea. I've never looked as cool as you do right now with those glasses on. So I wouldn't know. I wouldn't know. But anything anyways to the opening monologue, which was great, very, very eloquent. And you had that politician rhetoric going right there. I really liked it. I really enjoyed it. One of the things that's pretty crazy is the fact that Tucker got so many views on this. What what I don't know what it is now, but last time I checked, it was like three twenty two, three hundred twenty two million. Like that's damn near the whole U .S. population. And we all know that Fox wasn't getting to every single person in the U .S. Obviously, it's global. But that reach that Tucker has on Twitter or X is just it's absolutely crazy. And this goes back to what we keep saying all the time of breaking the echo chamber and planting these ideas. And of course, Tucker doesn't have to go full Bitcoin maxi like we do on our show. But the fact he's having these conversations, I think does feel like a shift in the zeitgeist and people are waking up. And we've been kind of covering pinpoints and receipts about this constantly, whether it's the song, whether it's a post that I did yesterday in the culture, whether it's the tick tock videos, like people are feeling the pain and they're asking the questions. And so, you know, the soil is right for people to understand Bitcoin and for everyone to get on the Bitcoin standard. So it's just, wow, three hundred and thirty five million views now. OK, the Overton window is crazy, man, is shifting, man. People are sick and tired. People are sick and tired of the gaslighting. You had Opti's ex -girlfriend literally telling people that the cause of inflation is because workers are asking for more salary. Like it's absurd. Anyways, we do have a very special guest today. We have James from Stamp Seed and we're going to talk about the stamp seed before. Look, I got to show off my stamp seed hammer. Look at this thing. Nice. There you go. We got we got to we got to stamp seed hammers. So I'm very excited for the culture. We're going to talk about the stamp seed, why you should back up your Bitcoin wallet seed words on titanium, one of the strongest metals on planet Earth. Is that is that correct, James? That's correct. One hundred percent. Yeah, man. So we're going to we're going to we're going to. We're going to dive deep into all that. And I know a lot of you guys I know that you did you guys did a lot of the stress testing. I think it was Lop that did some of the stress testing comments. Migo, you remind me of Bono from YouTube. It's true, but I don't think Bono was wearing these. I think Bono was wearing these for stylistic reasons. I'm wearing these so that my eyes could relax from the from the evil blue light that's coming out of my screen anyways. So, yeah, you guys did a lot of stress testing on the stamp seed. That's correct, right? Yeah. We haven't had Lop stress tested yet. I think that's in the works right now. But we tested ourselves in house, various different sources of heat. One of them was a blowtorch, which is similar to Elon Musk, not a flamethrower, which is reaching temperatures triple the average house fire. This is one of the plates that we had stress tested. You can see it's been burnt to a crisp. That's why there's all that discoloration. We marred it up. So where you can see those hammer marks are hit. You can still see your letters. It might not come out too clear in the camera. Bent it, crushed it, you know, being that it's one solid piece and your letters are stamped deep into the metal when you bend it. Things aren't going to. There you go. Look at that. Look at that. Yeah. Things aren't going to fall apart. You know, there's no loose pieces, no loose tiles, you know, Scrabble pieces, I like to call them. Everything's in there. Yeah. Like this is like as if your house caught on fire that elephants stamped on the ruins afterwards. Yeah, right. This is what this looks like. Yeah. Or if you know your house, you know, you have two floors, maybe the first floor collapses during that fire. And, you know, you have some crushing issues on top of it. But chances are things like that hopefully aren't happening to most people. But if they do, you're secure. If they do, your money, your generational wealth is protected. Anyways, guys, let's jump into the numbers. I want to talk about Tucker. I want to talk about with about everything that's been happening. Let's check it out. The Bitcoin numbers, is your Bitcoin and cold storage really secure? Is your seed phrase really secure? Stamped seeds do it yourself kit has everything you need to hammer your seed words into commercial grade titanium plates instead of just writing them on paper. Don't store your generational wealth on paper. Paper is prone to water damage, fire damage. You want to put your generational wealth on one of the strongest metals on planet Earth titanium. Your words are actually stamped into this metal plate with this hammer and these letter stamps. And once your words are in, they aren't going anywhere. No risk of the plate breaking apart and pieces falling everywhere. Titanium stamp seeds will survive nearly triple the heat produced by a house fire. They're also crush proof, waterproof, non -corrosive and time proof. All things that paper is not allowing you to huddle your Bitcoin with peace of mind for the long haul. Stamp your seed on stamp seed. All right, guys, I literally made it super easy for you guys. You can scan the QR code on your screen. It'll take you directly to the stamp seed website and you can use promo code simply to get 15 percent off any of the stamp seed products. And I know you guys are doing custom back plates, too. I saw some that were really bad ass. Yeah. So do you have one, by the way, on hand? I do, actually.
The Bitboy Crypto Podcast
A highlight from PayPal Launches Stablecoin That Could Change The World! (But There's A Catch...)
"The safest, easiest way to pay just got easier or at least has moved further into the cryptoverse. Online payment behemoth PayPal has launched its own stablecoin, becoming the latest TradFi company to make the attempt. You may remember Meta, the parent company of Facebook, trying to shove their own stablecoin down our throats and subsequently shuttering the project in early 2022. Will PayPal USD, aka PYUSD, succeed where others have failed? We're going to dive into the pros and cons. It's time to discover crypto. If you're new to the cryptoverse, you may be wondering what exactly is a stablecoin. It's a coin for horses. I'm kidding. It's all in the name, baby. A stablecoin is meant to do exactly that, maintain a stable price. Many of them are pegged to the US dollar. It's a way for investors and traders to keep their assets on the blockchain without having to deal with extreme price volatility. Well, at least that's what's supposed to happen with stables as long as they maintain their peg. If you want an example of what happens when a stablecoin loses its peg, take a look at our video on Terra UST. In case you've been living under a rock with all your cash buried in some dragon's lair, PayPal has a veritable monopoly on online payments. Founded in 1998, the company went public in 2002 and was soon taken over by eBay. Fast forward to today, the company has expanded astronomically and subsequently gobbled up would -be competitors like Venmo, Zoom and Zettle and many others. It also boasts 435 million users at time of recording. The original team is actually referred to as the PayPal Mafia. You'll recognize some familiar faces including Elon Musk, Yammer's David O. Sachs, LinkedIn's Reid Hoffman and Jawad Karim, who co -founded our own little slice of paradise, YouTube. So my question is, with Elon Musk's historic ties to PayPal, will the PayPal stablecoin become the favored cryptocurrency for X? Unseeding would -be Prince of X, doge? Leave a comment below and tell us what you think. PayPal's stablecoin release also comes a couple months after the announcement that Celsius will use it to distribute payments to its creditors, a decision that has sparked outrage and questions from Celsius's creditors. Raking in fees for millions of bankrupt Celsius isn't a great way to start your stablecoin debut. Now, PayPal has been interested in crypto for a while. They first allowed customers to buy, and hold a short list of cryptocurrencies back in 2020, including Bitcoin, Ethereum, Litecoin and Bitcoin Cash. Then in 2022, they finally began supporting crypto withdrawals and deposits in and out of PayPal. And PYUSD is their latest attempt to make a name for themselves in the Web3 landscape. They announced its development at the beginning of 2022, but then pulled back citing regulatory issues. Was it you, Gary? But I guess their concerns are no more because there are full steam ahead with their stablecoin pursuits. Okay, enough about lost funds and heartbreak. Why would PayPal want to get into the stablecoin game in the first place? Well, it turns out stablecoins can be quite a lucrative business worth around $120 billion. PYUSD's top competitors Tether and USDC both have remarkable profits this year. Tether is projected to bring in $6 billion, while Circle, the parent company of USDC, has brought in $779 million so far this year. If PayPal can capture even a percentage of this market, they could bring in some serious bank. How do these companies do it? Well, both USDT and USDC maintain their peg by holding cash and investing in US Treasuries. And the yields of these Treasuries have soared to 5 % recently, so they're able to bring in a lot of profit and able to add to their reserves. PayPal intends to follow a similar model with the stablecoin being backed by USD bank deposits, US Treasuries and US Treasure reverse repurchase agreements held in custody by Paxos. You may recognize the name Paxos for managing the soon -to -be -deceased Binance stablecoin BUSD, which Binance has taken off the market due to SEC lawsuit. RIP. PayPal has announced that Paxos will begin issuing monthly reserve reports in September 2023, and these reports will be verified by an external and supposedly impartial accounting firm. Can we just get Kevin an Oscar? Remember, guys, having a public and verifiable proof of reserve is so important, not only for stablecoins, but also for exchanges. Make sure you do your research before you buy or send your crypto places. PYUSD is an ERC -20 token written in Solidity and running on the Ethereum blockchain. You can exchange PYUSD for fiat as well as send it to other PayPal users and buy crypto on PayPal's platform. You can also buy from PayPal's merchants, and PayPal will send PYUSD to make the purchase. There are zero fees to send this stablecoin to other PayPal users, but there are fees for buying cryptocurrencies and withdrawing PayPal USD from the platform. Currently, you can withdraw or deposit PYUSD and it's compatible with Metamask and Coinbase Wallet, soon to be supported by Venmo. A week after PayPal's stablecoin mania hit the media, Ledger, one of the top cold storage wallet solutions, announced that its users would be able to buy crypto with their PayPal accounts. Coinbase has allowed American and Canadian users to buy crypto with their PayPal accounts for a while, but recently, Coinbase partnered with PayPal to bring this option to users in Germany and the UK. This comes in handy since PayPal decided to pause crypto purchases on its own platform in the UK, citing financial regulatory shifts. With all these exchanges supporting PayPal accounts to purchase crypto, it seems like only a matter of time before Ledger and other wallets begin to support PYUSD as well. Currently, you can get your hands on some PYUSD on Coinbase, Kraken, Gate .io and Crypto .com if you don't want to buy it from the PayPal platform. Right now, we're a little less than a month into their release, so are people actually using it? Well, it seems like members of the crypto community have been a bit wary so far. The block reported that smart money is avoiding the coin and smaller investors are as well. And really, can you blame them? Most people are still traumatized from the Terra fiasco. And why would you switch your funds from Tether or USDC when they've stood the test of time? There have also been concerns about PYUSD launching on ETH and associated high fees. And there are real regulatory concerns here in the US. Congresswoman Maxine Waters, the top Democrat on the House Financial Services Committee, was quick to wag the finger at PayPal and yell, Shame! Shame on you! She's mad at business as giant as PayPal would move forward with a stablecoin without federal regulatory framework. She may want to point that finger right back at herself because the Fed is at fault here twofold. One, they allowed PayPal to get this giant. And two, they can't figure out how to actually regulate the space. Probably due to our officials being older than dinosaurs. Look at this! Are you kidding me? Another issue that has some worried is that PYUSD is centralized and has a sordid history of randomly freezing people's accounts. And last year, the company threatened to fine users up to $2500 to posting misinformation. After immense backlash, PayPal retracted the statement saying it was an error. The terms and conditions of PYUSD also state, PayPal can stop supporting the stablecoin at any time without informing holders. All of this has members of the cryptoverse worrying that PayPal would arbitrarily freeze or deduct PYUSD from their accounts just like the big banks are able to do. Well, don't freeze up yourself. Hit that like button and subscribe to the channel to discover more crypto. PayPal freezing accounts is not good. We want control over our funds and the right to privacy. But just for context, Tether and USDC are centralized as well. Tether is held by an international company, and USDC boasts BlackRock, Fidelity, and Coinbase among their investors. So nothing is totally safe. And while it's great PYUSD has added the trove of stablecoin options, the space really needs more decentralized stablecoins. Okay, so now I want to mention a few reasons PYUSD makes me feel bullish for crypto in general. Anytime a TradFi company gets into crypto signals wider adoption. And PayPal could be going after a completely different retail demographic for PYUSD, which would explain the slow adoption. But the coolest thing about PayPal launching a stablecoin is the ability to pay for things IRL without taking funds off the blockchain. You can already use PYUSD to pay millions of merchants through PayPal. This kind of thing has started on a small scale elsewhere, but PayPal is going to majorly increase mass adoption. I don't think we're far away from being able to pay our rent with crypto through Venmo or PayPal. And that kind of thing makes me bullish. It gives me chills up my spine. Guys, I can hear the bull market calling. Can you hear it too? And it says, Wind Moon. That's all for me. Thanks for watching Discover Crypto! Hit that like button on your way out. And we'll see you at the top.
Mark Levin
Upcoming Book Signings With Mark Levin in NJ, VA & CA
"A meal you can enjoy yourself and get in line and we can all say hi to each other and by the way Ridgewood New Jersey September 23rd they have great restaurants in that town it's a fantastic little town it's a fantastic independent bookstore Barnes and Noble has always been supportive of what we do so there's that and then finally Saturday October 21 the Reagan Presidential Foundation now unfortunately we have a sold -out auditorium but there are still a few spots left I am told I checked yesterday from muckety the mucks there there's only a few spots left as I understand it from those who want to purchase a ticket you are insured a book and a place online so we can meet and greet and I can sign your book it's obviously expensive less than the whole four or five hours there and not only that I like the way they do it which is and most of them do it this way now you get frame a time you know need to be here I'm giving an example 130 to 230 so you're not necessarily standing there for five hours although I got to tell you people have met their wives and their husbands in lives these I mean before they were wives and husbands Mr. Badouz and they make dear friends so it's really an event every one of these all three of these they're really events and they're really fantastic so I hope you'll join us one of the things I'm hoping we're able to do it just because I'm competitive is that we knock off this guy I think his name is Walter Isaacson a so -called historian who was one of the advisors to Joe Biden who's sort of written this weird book about Elon Musk now can you I tell a
Bloomberg Radio New York - Recording Feed
Monitor Show 14:00 09-13-2023 14:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV batteries' environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. Always. You know, you can get the latest news whenever you want it with Bloomberg News Now, something we want you to know about. Top stories from our global team of reporters with just a click. Get Bloomberg News Now on the Bloomberg Business App, Bloomberg .com, anywhere you get your podcasts. That's pretty stupid. Is that actually what will decide this race? Bloomberg Sound On. Politics, policy, and perspective from D .C.'s top names. Federal spending combined with too -lax monetary policy has produced this 40 -year high on inflation. China policy is driven basically by domestic politics. American families are finding themselves further behind the eight ball. To get anything done in this Congress, it's going to have to be done in a bipartisan way. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. A .I. has its big day in Washington. Welcome to hour two of Sound On as the titans of tech gather on Capitol Hill for a special closed -door meeting with the entire U .S. Senate. As lawmakers try to get their arms around a fast -moving technology in the slowest -moving legislative body here, we're going to get an update from the Hill in just a moment from Bloomberg's Kaylee Lyons, who's been rubbing elbows with the likes of Elon Musk and Mark Zuckerberg for the balance of the day. Must have been something I said for the music there. Hardline Republicans, in the meantime, blocked the House.
The Hugh Hewitt Show: Highly Concentrated
The Coming Wave: Mustafa Suleyman Discusses His New A.I. Book
"Joined now by Mustafa Suleiman. He is one of the people who John Ellis says is the half dozen or so who actually understand artificial intelligence and what we're facing. He's also the author of this brand new book, The Coming Wave. The Coming Wave is, I have to say, sort of epic. Good morning or afternoon, Mustafa. I'm not sure where you are. Where are you today? Good afternoon, Hugh. Great to be with you. I am in New York today, so it's a lovely sunny afternoon. We are in the same time zone. Then I will let people know. We are taping this on Wednesday, September 6th at 5 in the afternoon. I'll play it on my radio show tomorrow and make the transcript available. Thank you for joining me. I did not plan, it wasn't planned, that you would come on to talk about The Coming Wave at the same time that Time Magazine has Elon Musk on the cover talking with Walter Isaacson about artificial intelligence. Did you have that planned that way for the rollout of the book? That was not planned, but you know, the timing is going to work out just fine, I think. It's pretty funny to see that come out. Very interesting. The synergy is very good. Now, when John Ellis, and I don't know if you know John, but he's a newsman's newsman. When he says a half dozen to eight people understand AI and lists you in that, is that hyperbole or is that an accurate statement? Well, I mean, I think there are lots of people who understand AI very deeply. I mean, the field is huge now, and you know, there are many, many people who've been working on it for some time, actually. I'm among the group who has been working on AI, you know, in the earlier stages in this new wave. So, you know, I started DeepMind along with two friends in 2010. And, you know, I guess it's almost been sort of 13 years or so at this point working in the field. But there are many luminaries above and beyond me, you know, many professors who have been in the field for 30 years or so toiling away. So I'm really part of the new generation.
The Crypto Overnighter
A highlight from 665:X Scams Unleashed, SECs Crypto Showdown, and G20s Global Framework
"Rockstar Energy Punched, bringing a bold and unapologetic flavor packed with energy through a blend of B vitamins, guarana extract, and 240mg of caffeine to fuel what's next. Rockstar Energy Drink Good evening, and welcome to the Crypto Overnight -er. I'm Nickademus, and I will be your host as we take a look at the latest cryptocurrency news and analysis. So sit back, relax, and let's get started. And remember, none of this is financial advice. And it's 10pm Pacific on Sunday, September 10th, 2023. Welcome back to the Crypto Overnight -er, where we have no sponsors, no hidden agendas, and no BS. But we do have the news, so let's talk about that. Tonight we're diving into the murky waters of cybersecurity, starting with Vitalik Buterin's compromised X account that led to a major heist. As scams proliferate on X, formerly Twitter, are verified accounts losing their sheen. Then we switch gears to Capitol Hill, where Congressman Tom Emmer is looking to put a leash on the SEC's crypto crackdown. And on the global stage, the G20 summit strikes a chord for crypto regulations. Also on deck, Coinbase's strategy to dodge US regulatory hurdles, a bittersweet tale of Bitcoin mining in Texas, and JP Morgan Chase's new venture into blockchain -based deposit tokens. Strap in and let's go. Vitalik Buterin recently had his X account compromised. The hackers posted a fraudulent link that led to a phishing site, swindling nearly $700 ,000 from unsuspecting followers. And as usual, the scammers appealed to someone's greed. The post offered free NFTs to celebrate Ethereum's proto -dank sharding. The scam resulted in significant losses, including valuable NFTs like CryptoPunks. The total amount drained from victims' wallets exceeds $691 ,000. Some reports even suggest the loss could be as high as $800 ,000. The first publicly claimed punk NFT was also reportedly lost in the scam. The fraudulent post has since been deleted, and efforts are underway to restore the account. This incident is not just a one -off event. It's a glaring symptom of a larger issue plaguing the crypto community. And frankly, this is the kind of crap that will drive retail investors away. Phishing scams are on the rise, and even the most tech -savvy among us aren't immune. The fact that Buterin could fall victim to such a scam is alarming. It raises questions about the security measures in place on platforms like X. The hackers didn't just compromise any ol' account. They targeted a highly influential one. This was a calculated move, aimed to exploit the trust that followers place in verified accounts. It's a wake -up call for all of us, really. If you're thinking, it won't happen to me, well, think again. The hackers are getting smarter, and we need to stay a step ahead. I consider two -factor authentication to be a necessity. The incident also serves as a warning to the crypto community. Let's not forget that the decentralized world has its pitfalls, too. This same technology that empowers us can also be used against us. So let's not just focus on the financial loss here. Let's talk about the loss of trust, the most valuable currency in a decentralized world. In a twist of irony, the platform that was supposed to usher in a new era of trust has become a playground for deception. You see, scams don't discriminate. Whether it's a pioneer like Vitalik Buterin or an established trust like Grayscale, all are potential targets. The shift from Twitter to X brought with it a wave of challenges, including the degradation of the verified blue checkmark. The new system not only failed to stave off scams, but seems to have invited them in greater numbers. With this environment, the question isn't if you'll be targeted, but when. So as we shift gears, let's talk about a new scam that emerged on X. I just mentioned Grayscale a little bit ago. Here's what I was talking about. This scam involves a purported $25 million crypto giveaway. The scam is related to the Grayscale Bitcoin Trust, a $13 billion trust that recently won a court case. And that's an important point because scammers usually target companies and names that have been in the news lately. This scam claims that $25 million of a new token, also called GBTC, will be given away. The account promoting this, at Grayscale underscore FND, is not affiliated with the real Grayscale company. Before Musk bought Twitter and renamed it X, a blue checkmark verified an account. Now it only means the account owner pays $8 a month. This has led to a rise in scams from blue checked accounts. The real Grayscale account on X has a gold checkmark, so keep that in mind. In another development, XRP -related scams have also increased on X. Despite Musk's claims of eradicating 90 % of scams, users argue that fraudulent activity has hardly diminished. Ripple, the company behind XRP, has been a prime target for scammers, especially due to its recent legal victories. Remember what I was saying about companies in the news? The recent scams on X, especially those involving Grayscale and XRP, are a glaring example of the platform's failure to secure its user base. Musk's acquisition of Twitter and its rebranding to X was supposed to usher in a new era of social media. Yet it seems to have only exacerbated the problem of scams, particularly in the crypto space. The blue checkmark, once a symbol of verification, has now become a tool for scammers. This is a significant issue, especially for a platform that has a large number of crypto accounts. The gold checkmark for official accounts is not enough. It's a band -aid on a gaping wound. As for XRP, the scams are a symptom of a larger issue. Ripple's legal victories have made it a target for bad actors looking to exploit the hype. The platform's inability to control this is a problem for Musk, who claimed to have made dramatic improvements in scam detection. In both cases, the scams are not just a threat to individual investors, but to the crypto community as a whole. They undermine the trust and credibility that are crucial for the mass adoption of cryptocurrencies. If platforms like X can't get their act together, they risk becoming a breeding ground for scams, further alienating an already skeptical public. If you're thinking the problem of scams is limited to individual platforms like X, you're missing the bigger picture. Even our representatives on Capitol Hill are grappling with the complexities of crypto, albeit from a different angle. Stick around. This next segment could signify a tectonic shift in how crypto is governed. And hey, if you find value in what we're doing here, don't forget to like and subscribe.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1395: BlackRock Bitcoin ETF Will Send BTC to $1,500,000
"In today's show, we're going to be discussing Bitcoin liquidating $23 million in shorts as Bitcoin price tags a new September high. And check this out, Michael Saylor shares three catalysts which will take the Bitcoin price to $5 million per coin. Also quoting Ricardo Stellinas, the third richest man in Mexico, Christine Lagarde is a thief, Jerome Powell is a scammer, and they're pulling off the perfect fraud preach. And quoting Max of Central in South America, also breaking news just in, Turkish crypto exchange CEO sentenced over 11 ,000 years in prison for allegedly stealing $2 billion in customer funds. We'll also be discussing the institutions may be forced to fight over just 5 % of the Bitcoin supply. Can you say incoming? Bitcoin supply shock. We'll also be discussing when will we see a new Bitcoin all -time high? Will it be this year? Will it be 2024, 2025? I'll be breaking this down for you. We'll also be discussing now 10 years later, since the first Bitcoin spot ETF application and still no Bitcoin ETF, when is it likely to finally be approved? We'll also be discussing the largest asset manager in the world, BlackRock and their Bitcoin spot ETF can literally unlock $30 trillion into the crypto market, send in the Bitcoin price parabolic to $1 .5 million per coin. 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 .net. So welcome everyone just joining us in the live chat. We're finally back in the green for the Bitcoin market, which is a good sign. Let's kick off today's show with our market watch. But first and foremost, welcome everyone. It's September 8th, 2023. I'm your host JV, and this is pod episode number 1395. As you can see here, we got Bitcoin in the green, trading at roughly 25 ,900 while Ether and BNB are still in the red. And checking out coinmarketcap .com, we're currently sitting just above that trillion dollar milestone, with about 28 billion in volume in the past 24 hours. Bitcoin dominance has been pretty stagnant, currently at 48 .3%, with the Ether dominance at 18 .8%. And checking out the top 100 crypto gainers of the past 24 hours, we have Kronos leading the pack up 3%, trading at 5 .2 cents, followed by XDC up 3%, trading at 5 .6 cents, followed by Stellar Lumens up roughly 2 .5%, trading just above 12 .5 cents. And checking out the top 100 crypto gainers for the past week, I'd say the majority are back in the red, but we do have some pumpers, including XRD now up 8 .1%, following by CRO up 3 .3%. And checking out the crypto greed and fear index, we're currently rated at 46 in fear, yesterday at 41, last week a 40, and last month a 50, which is dead in the middle, 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 right down below. And now let's dive into today's Bitcoin technical analysis. If you're just joining us, make sure to say hello in that live chat, and let us know where you're tuning in from. But yeah, let's check out these charts, Bitcoin extended volatility into the September 8th Wall Street Open as a classic short squeeze sparked new September highs, which you can see here in the Bitcoin, one hour candle chart, data from Cointelegraph and TradingView showed Bitcoin price movements liquidated in shorts and longs alike. Bitcoin has seen upside momentum the day prior, culminating in a trip above 26 .4 after the daily close, then a subsequent comedown nonetheless took Bitcoin full circle, and Bitcoin slash USD pair was back under the 26 ,000 mark at this time. Now, some analysts breaking down some of the charts here, such as Jelle says, whoops, let's take out the lows again, then. Hmm. Now the result was punishment for the late traders chasing the market up and down. According to data from CoinGlass, short liquidations total $23 .5 million for yesterday, September 11th. And thus far today, we don't know how long the tally is precisely, but probably even higher. Shorts have got hunted as expected. It's a popular trader scoop, quitting him here. Bitcoin Binance and Bybit open interest shorts got hunted and as expected. Note the over leverage added here, or I'm sorry, open interest added here with a small price reaction and decrease in the per bid delta. This implies that more shorts scaling into the price on the second dive higher. Now, fellow trader Dan Crypto Trades highlighted the significance of reclaiming lost ground from August, quitting him here. Bitcoin was finally able to break above the September monthly open after testing it numerous times. It is now retesting it. The question is, will it provide as much support as it did resistance? It's up to the bulls to try to maintain a green September. Meanwhile, CoinGlass data confirms September tends to produce a Bitcoin price downside of close to 10%, with market expectations skewed approximately for 2023. And quoting another trader, Crypto Tony, he says, nice rally off of 25 .6 range low, but no following through up to the range highs. So again, we're stuck mid range. No entry for me on Bitcoin unless we clear 26 ,600 as outlined here in this chart. Now quoting another analyst, Michal Vendet Pop, he says, technically speaking, we can solely focus on the price action in 2019, but that doesn't grant a clear case. The case in 2015, we can correlate the current market with that cycle, he said in his commentary. And he continued, in that regard, this is the final correction. Let me know if you agree or disagree with the analyst as he outlines here in this chart. He says there is a level in which Bitcoin must hold in order to avoid the significant crash. Bitcoin currently holding onto a significant level of support. It's around the 25 ,500 barrier, which has held up thus far. Do you think we're likely to drop sub 20 ,000? Let me know your honest thoughts in the comments right down below. And now let's break down the latest from Michael Saylor. He recently shared three catalysts, which will take the Bitcoin price to $5 million per coin. Catalyst number one, a spot ETF approval, which he says is inevitable. Number two, banks custody and against Bitcoin as collateral, which is coming soon. And number three, fair value accounting rules from the FASB, which will be approved this week. So there you have it. Very bullish sentiment coming from Mr. Saylor and massive shout out to Ricardo Salinas, the third richest man in Mexico. In this interview, here's what he had to share. Christine Lagarde is a thief and Jerome Powell is a scammer. They're pulling off the perfect fraud. So much respect and shout out to Ricardo Salinas for preaching the facts. And quoting Max Keiser, the high priest of Bitcoin, he says that President Bokele is the Warren Buffett and Elon Musk of Central and South America. And he's turning a $26 billion out of favor of phishing and Pupusa hub with some untapped volcano Bitcoin mining potential into a $300 billion mega success story that's transforming the region. So let's freaking go. Massive shout out to Najib Bokele. And now let's break down our next story of the day and discuss this $2 billion crypto scam. Could you imagine being sentenced to over 11 ,000 years in prison? Do they not understand the average life expectancy of a human being? I mean, who does that? But anyways, this is quite fascinating to say the least. Here's the guy right here, just in Turkish crypto exchange CEO sentenced to 11 ,196 years in prison for allegedly stealing $2 billion in customer funds. This story should have SPF ishing his pants considering SPF with FTX was a $30 billion fraud for Christ's sake. Facts. So yeah, let's break this one down. The former CEO of Turkish crypto exchange Thodex. And let me know if anyone has ever heard of the exchange. I never heard of it until today. The guy's name is Farouk Faith Ozer. He was sentenced to 11 ,196 years in prison by a Turkish court on charges of establishing, managing and being a member of an organization where qualified fraud and laundering of property values. Are you listening to SPF? Now, the ninth high criminal court sentenced him along with his two siblings to the same jail sentence of 11 ,196 years. Good Lord. 10 months and 15 days in prison along with a $5 million fine reported Turkish state run news agency. The Turkish crypto exchange was one of the largest digital asset trading platforms in the country before abruptly imploding in 2021. The exchange halted services on the platform without prior notice. And the founder fled the country along with the user's assets, totaling over $2 billion in crypto. And at the time, he refuted all claims of the possible exit scam. The fugitive founder was finally detained in Albania in August of last year, where he has been serving a jail sentence before he was extradited to Turkey in April of this year on charges of fraud and money laundering. The same charges SPF is against. Now, he was already in jail for failure to submit tax documents since July, while the most recent conviction comes for defrauding customers. The founder of the crypto exchange claimed in court that he and his family are facing injustice. He said that Thodex was a crypto company that went bankrupt and had no criminal intentions. A Google translated version of his court statement read, the following, I am smart enough to manage all institutions in the world. This is evident from the company I founded at the age of 22. If I were to establish a criminal organization, I would not act so amateurishly. The question is that, is it clear that the suspects in the file have been victims for more than two years? So he's allegedly claiming to be a victim. The long drawn out case against the Thodex crypto exchange had 21 defendants, five of whom attended the court hearing in person. The court acquitted 16 defendants of qualified fraud due to the lack of evidence and ordered the release of four defendants. The other defendants in the case received varying degrees of sentences based on their involvement in the crypto fraud. So there you have it. I mean, quite interesting to hear anyone being sentenced for over 11 ,000 years, and especially considering his siblings are also involved. Do you think they're just trying to make an example out of him? I don't know what to really think, honestly, because I don't know the guy. I don't know the exchange. I don't know if he's really innocent. I don't know if it's an attack. But what are your thoughts, fam? Let me know. And at the end of the show, I'll be reading everyone's comments out loud. But it does sadden me. I must say, hearing anyone get sentenced to 11 ,000 years in prison doesn't seem right. If you could only live approximately, what, 80 years, it just is a bunch of nonsense and sounds like they're trying to make an example out of someone. I say, if you want to make an example out of someone, use SPF, the $30 billion fraudster himself. Why don't we start there? You know what I mean? Just saying. Anyways, fam, now let's discuss the potential supply shock incoming as per Invest Answers as institutions fight for the final 5 % of the Bitcoin supply. That's right, citing an infographic from blockchain analytics firm Glassnodes stating that 95 % of the existing supply of Bitcoin has not moved over the past 30 days. Anonymous host of Invest Answers tells his half a million YouTube subs the Bitcoin needs to rally is a buy -side catalyst, quitting him here. Breaking news, 95 % of all the Bitcoin has not moved in the last 30 days. So again, despite the weak market, only 5 % is moving around with 95 % sitting tight. And we know why. But the real magic of this, imagine there is a catalyst and imagine big money wants to jump in and buy a truckload of Bitcoin. The price will just go parabolic. And that's just economics, ladies and gents. This is why I am so obsessed with Bitcoin. It is so scarce. So literally when the big institutions come and they are fighting over that 5 % and all the legacy holders are just sitting there watching anyway, it's a reason to be excited. And the charts don't lie as the HODL waves chart from Glassnodes shares here, literally 95 % of all the Bitcoin has not moved in the past 30 days. So shout out to all my long -term HODLers. The anonymous host also further says that the remaining supply of Bitcoin after accounting for the long -term HODLers and the lost Bitcoin is also yet another bullish indicator, quitting him here. The amount of Bitcoin that is either HODLed or lost or basically has not moved in the last five years is nearly 8 million BTC. That means technically only 11 million or thereabouts have not. And in fact, taking this five -year plus, it doesn't include all the Bitcoin lost over the last five years or less. So we just know it is super scarce. It is question, well, if it is so scarce, is that not bad? No, it is not. It means the price of what's left will go up and it won't take a lot to move it as well. So there you have it. And in this chart by Glassnode, you can see the 8 million Bitcoin HODLed or lost in the past five years, but only 11 million left as the smart money and the whales continue accumulating as they should. So there you have it. Let me know if you feel that Bitcoin supply shock is going to be incoming, this halving coming up in roughly six months, scheduled to be sometime in April 2024. Let me know your honest thoughts in the comments right down below. Now let's discuss our next story of the day and discuss when do you think the Bitcoin price is likely to hit that new all -time high? Well, let's break this down according to Crypto Con, a fellow analyst predicting all -time highs in 2025, which I feel is conservative. I think personally we're likely to smash the 69 ,000 all -time highs sometime next year in 2024. But let me know your thoughts, chat. Now amid debate over the nature of the current Bitcoin four -year price cycle, Crypto Con believes that all may be simpler than many imagine when it comes to how Bitcoin behaves at a given time. Unveiling the November 28th chart on X, he delineated the date of the key pivot point for the year along with a three -week period on either side, quoting him here, using four -year time cycles against my inception. The cycles are centered around the dates of the first halving, November 28th. And he continues, the Bitcoin price action began at the first bottom, October 8th, 2010. This is where cycle curves peak every four years. Tops and bottoms come plus or negative 21 days from November 28th at their appropriate times on the curve. Tops on the upswing, bottoms on the pinnacle. So the chart virtually describes November 28th as Bitcoin date. Bitcoin sees a Bitcoin bull launch every four years. The last was in 2020 when Bitcoin broke beyond his previous all -time high, hitting the current high of 69 ,000, which we did in November of 2021. The next point of interest is thus November 2024. Until then, Bitcoin price action will spend its time in a mid -cycle lull, according to the analysts. After Bitcoin bottoms, the price makes an early first cycle move, which you can see in this chart in the orange and enters into a mid -cycle. This is the longest part of the cycle where Bitcoin spends time around the median price, half of the previous all -time high until the curve bottoms. So ultimately, the median price of the previous high is probably in that $33 ,000 to $34 ,000 range, just FYI. But he did add that Bitcoin had almost certainly seen its early top, referencing the 31 ,800 local highs back from July of this year. Now, as reported by Cointelegraph, opinions on where the Bitcoin price action will go into the 2024 block subsidy having differ from analyst to analyst. Some argue that the modest gains will be all that the hodlers will see before the event scheduled for April of next year, again, roughly six months out. We also have Phil B. Philby, co -founder of trading suite Decent Trader. He delivered a $46 ,000 target for the halving with $36 ,000 slated for year's end. What are your thoughts surrounding these two targets? Do let me know. Meanwhile, CryptoCon summarized that 2023 Bitcoin's price behavior as a full market fake out, putting him here. This makes it appear as if the bull market has begun with the trigger of many signals. But then at some point, the price fails to continue. This is the most convincing example we have seen of this yet. And personally, I think there is still some time to go for that. And I am patiently awaiting its completion in which he shares alongside the Bitcoin one -day candle chart. Now, as we know, we'll see where the Bitcoin price is likely to go next. But now the million dollar question, when are we likely to finally get a Bitcoin ETF spot in the United States as they have been getting denied now consistently for over a decade with the first app being submitted by the Winklevoss twins, owners of the Gemini exchange? Because we all know fact there is a lot of money on the sidelines. In fact, analysts are predicting over 30 trillion will be ushered into the Bitcoin price and the market cap as soon as this does get the approval. But when is the million dollar question? So let's discuss when the spot Bitcoin ETF followed by a prediction of the Bitcoin price soaring 60x from the current price action to one and a half million dollars per coin. Then we'll dive into our live Q &A. So the first spot Bitcoin ETF app was filed in July of 2013, literally over a decade ago. Fam, I'm not exaggerating. It was denied in both 2017 and 2018. A decade has since passed since the initial app. Now the SEC had rejected more than a dozen additional apps and repeatedly punched the date for deciding on others. I'm sorry, punted, meaning they continue to push it back. The ETF saga's latest interaction saw Bitcoin jump more than 6 % as industry advocates celebrated a court ruling that affirmed what we already knew, that the SEC's rejection of the Grayscale ETF app was arbitrary, 100%. This was of course followed by the SEC delaying its decision on all seven pending Bitcoin ETFs and a subsequent price drop. Now we wait as the SEC deliberates on its next move surrounding the Grayscale pleads for approval. Now to a degree, the case for Bitcoin ETF makes sense in the spirit of adoption. The $7 trillion ETF industry is ripe with investors still on the crypto sidelines awaiting for a product that would grant them Bitcoin exposure without having to buy Bitcoin directly and set up a wallet. Plus as a community that's fought long and hard to have digital assets taken seriously, the crypto world is inclined to welcome the validation that the United States ETF would signal. 100%, when are we going to get that? But crypto, Bitcoin especially, is predicated on the need for an alternative financial system, one that enables the financial sovereignty, transparency, and consensus that traditional finance is glaringly lacking. The crypto industry's eagerness for an SEC ETF approval feels like a step backward akin to the American revolutionaries begging parliament to intermediate colonial tax collection and rejection of its imperial rule. And as Michael Saylor points out here in this tweet, BITO had underperformed Bitcoin by 28 % year to date. This is why we need a spot. Bitcoin ETF preach. And again, Michael Saylor says the Bitcoin price can soar to $5 million per coin just on the back of the three catalysts I mentioned earlier. And mainstream adoption is a ubiquitous goal amongst crypto champs. And the SEC sign off on a Bitcoin vehicle that resonates with trade fi is ostensibly a fast track right to it. But fighting for approval from an opaque centralized agency for an intermediated investment product belies our industry's purpose. And frankly, it's unnecessary preach. The irony of cautious investors waiting to buy Bitcoin ETF shares rather than taking the safer route of buying Bitcoin directly is palpable. ETF bears many layers of counterparty risks, including the sponsor custodian and other partners. We saw how catastrophic this type of risk can be to crypto during the latest contagion when customers lost more than $10 billion within months because they trusted third parties. Now, though the contagion appears to have dwindled, the major takeaway remains. If you don't have the private keys to your Bitcoin, your assets aren't in your control, and they may not even exist. Facts, not your keys, not your cheese fam. As we preach here on the channel, those of us who witnessed the fallout up close know this, but investors who have been waiting on the sidelines for the ETF likely do not. It is our job as industry builders and veterans to help the newcomers understand the new degree of security and risk aversion that Bitcoin technology enables. The downside of a spot Bitcoin ETF runs deeper than the conceptual contradiction of the unknowingly purchases of a riskier investment. The potential cost of the crypto movement is immense. Take, for example, BlackRock iShares Bitcoin Trust, the announcement of which drove the Bitcoin price to one -year high in June. However, perhaps blinded by the prospect of monumental institutional inflows, much of the Bitcoin community, myself included, has thrown its support behind BlackRock's iteration of TradeFi 2 .0 haphazardly disguised as Bitcoin conviction, and buried within BlackRock's submission is a clause on hard forks, which you may not know about. Quoting them here, the sponsor use is discretion to determine which network should be considered the appropriate network for the trust purposes, and in doing so may adversely affect the value of the shares. There is no guarantee that the sponsor will choose the digital asset that is ultimately the most valuable fork. The sponsor may also disagree with shareholders, the Bitcoin custodian, and other service providers, the index administrator, crypto exchanges, or other market participants on what is generally accepted as Bitcoin and should therefore be considered Bitcoin for the trust purposes, which may also adversely affect the value of the shares as a token. However, the sponsor uses the consensus mechanism for a protocol that has already been well -defined and battle -tested mechanism. So it's going to be interesting to see how this all plays out for the major institutions around the world. We know the BlackRock track record is literally 575 to one, meaning the SEC have approved 575 ETF requests, and I've only ever denied them of one. The possibility and likelihood of an ETF being approved by BlackRock I'd say is extremely high, but it takes us back to the million -dollar question, when? If I was to put a date on it, I'd say likely. Sometime in 2024, as ETF experts and analysts are currently predicting, including Eric Valchunas, says there is a 95 % chance of a spot ETF being approved in 2024, and I believe he gave it a 75 % chance of still being approved by the next deadline, which is October. Putting on my Nostradamus hat, I think Gary of the SEC are going to likely push back and punt the deadline once again until next year. But that's my two Satoshi's. Let me know your thoughts, fam, in the comments right down below. And now let's break down our final featured story of the day, and that's the BlackRock Bitcoin spot ETF unlocking literally $30 trillion of value into the crypto market cap. That's right. According to Bloomberg, ETF analyst Eric Valchunas' approval of a Bitcoin ETF could potentially be the game changer in unlocking vast reserves of capital for the crypto market. His analysis estimates that $30 trillion worth of assets controlled by the US financial advisors could be funneled into Bitcoin investments if a spot ETF green is signaled by the US SEC. So let's discuss this domino effect of BlackRock's controlling over $9 trillion in assets under management. We all know they submitted their app for the Bitcoin spot ETF last month, significantly shifting the probability landscape. According to Valchunas, the chance of a spot Bitcoin ETF approval soared from only 1 % to over 50 % following BlackRock's involvement. And as I broke it down for you, he's now saying 75 % chance this year and 95 % chance next year. And quoting him here, their application triggered a wave of similar filings by other prominent firms, such as ARK Investment, Valkyrie, and Fidelity, setting the stage for a highly competitive environment. That's right. Now, Fidelity, I believe, is the second largest asset manager in the world that currently controls over $4 trillion in assets under management. And although Bitcoin futures ETFs do exist in the US, they pale in comparison to what a spot ETF can bring to the table. So currently, these futures -based ETF accounts for only about $1 billion in total assets under management. Valchunas describes the approval of a spot Bitcoin ETF as the holy grail that would dwarf the current offerings and galvanize the crypto market like we have never seen before. So send it and let's freaking go. Also, a spot ETF would not only benefit Bitcoin, but also serve as a boost for the rest of the crypto industry, solidifying the assets class position and mainstream finance. And as they say, a rising tide raises all ships, so not only Bitcoin, but the entire crypto market would obviously benefit the approval of a Bitcoin spot. ETF stands on potentially transformative moment for the American market, with at least 10 firms currently in competition, and astronomical sums are at stake. The race is currently heating up. BlackRock haven't already partnered with Coinbase in 2022 to offer institutional clients crypto access to launching its own spot Bitcoin private trust, appearing to be at the vanguard of the financial revolution. So with trillions of dollars in play, the implications for Bitcoin and the broader crypto market are currently colossal. The clock is ticking and the world watches with bated breath as regulatory decisions loom on the horizon. So there you have it. I also want to mention, if you'd like to watch this, Eric Valchunas, the analyst from BlackRock, talking about $30 trillion entering the market upon the approval of an ETF, check the show notes below the video in the description. And I also want to talk about, off of the news, which was shared last year, that BlackRock could team up and partner with Coinbase as a custodial, we had some predictions of a $773 ,000 Bitcoin price. So I'd like to break down the math and where these numbers have come from. So quoting Invest's answers from his forecast, which he made on his channel, that Bitcoin price is going to go parabolic off of this news, quoting him here, if BlackRock were to place just a half a percent of its assets under management, Bitcoin's market cap would be affected by an increase of over a trillion dollars. This would add about $75 ,000 to the Bitcoin price. Bitcoin, which is in the $23 ,000 band at the time he made the prediction, will make its way to about $98 ,000 per coin. This is 326 % more than today's price. And it is very, very achievable. So let's talk about it more long term. So he also stated that if BlackRock stands out with an asset value of $10 trillion, put 1 % of their funds into Bitcoin, the leading crypto would be worth more than $150 ,000 per coin, quoting him again, now if they allocate a 1 % stake, which will of course take time to reach this level, that would add about $2 .1 trillion to the market cap and $150 ,000 to the Bitcoin price. And that would push Bitcoin's future price to $173 ,000 per coin. The profit for Bitcoin here is 652%. And the analysts also stated the Bitcoin can rise to as high as $773 ,000 if BlackRock allocates just a 5 % share. But on the other hand, this estimate can be considered to seem quite maximalist in the current situation. However, according to the crypto analysts, between the next three to five years, the price will be achievable at these levels, quoting him again, if as analyst Dan Tapiero said, they add 5%, which I think is very aggressive, maybe with time, maybe in the next three to five years, it will be possible. This will quite easily push the price of Bitcoin to $773 ,000 per coin in the next three to five years. So there you have it, fam. Let me know if you agree or disagree with the analysts. Do you think the approval of a spot Bitcoin ETF in the US will help usher in literally, literally $30 trillion into the market considering the current Bitcoin market cap is only $500 billion? That's roughly 60x. So if you take today's price of $26 ,000 and times that by 60x, we get above a $1 .5 million Bitcoin price. And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. Thank you.
Crypto Critics' Corner
A highlight from All-In? We're Out: Why the All-In Podcast is Bad for America
"Welcome back everyone, I am Cas PNC, I'm joined as usual by my partner in crime, Mr. Bennett Tomlin. How are you today? Well I was just able to get out of a position in some unvested tokens I wasn't really a fan of anymore, so I'm feeling pretty good all things considered. That's awesome news man, I hope it wasn't Cas coin. We are, he's bringing up that topic because we're talking about possibly four of my least favorite people in the entire world today. We are talking about the hosts of the All In Podcast. Now if you're unfamiliar with the All In Podcast, god bless you. You probably just want to turn this off and skip it because you know what, you should never ever listen to them and just move on with your life. However I think a lot of people, especially people who listen to our show, are likely familiar with the All In Podcast and the hosts who are, let's go through them one by one, Chamath Palihapedia, Jason Calacanis, David Sacks, and David Friedberg. Now I decided that we needed to do an episode about these gentlemen because Chamath has been an asshole on Twitter a lot lately, and that's it. He basically, he triggered me to force Bennett to discuss these fellows. So I'm going to go ahead and just jump into that, which was he tweeted at this guy who said, hey man, I'm not using exacts here, but this guy basically said, hey man, how's it feel to be a billionaire after having made all this money off the backs of retail investors and scammed a bunch of people with your dumbass SPACs? SPACs are Special Purpose Acquisition Companies, that's what it stands for. It was this, I guess it's still going on kind of, but it was a bit of a fad over the time, onto stock exchanges, whether it was the, you know, New York Stock Exchange or NASDAQ or whatever. And Chamath was one of the people doing it all the time, and almost all of them had basically just done terrible. So this person asked Chamath this question and Chamath's response was, I'm in the arena, as though he's a goddamn gladiator in Roman times, which is just unreal. Like, we don't know at all, like comparing any of our existences to what it was like for gladiators in the arena, especially a billionaire who's just investing in shitcoins and fucking, and crappy investments, like what an unreal statement. You're not allowed to say you're a man in the arena until you lead the Rough Riders in the Spanish American War, everyone knows the rules. I even read a substack this past week where someone who notoriously sides with venture capitalists, like a journalist who basically writes for venture capitalists, even he was like, Chamath, what the fuck, man, like got to apologize for this. Like you, you are celebrating, you're celebrating shitting on retail investors. You're celebrating stealing money from the everyman and you're owning it. Like you're owning it, saying it's fine and suggesting that like you are the gladiator for destroying the common man. And it's just like such a weird flex. Well, and just to kind of add on to that, did you realize just how much money he made from some of his specs? Oh, it's almost a billion dollars. Yeah, like he sold his stake in Virgin Galactic for $213 million. It's now down like 95 percent from peak or something like that. Clover, he had an original $25 ,000 investment that he sold for $290 million. And it's also down like 94 percent from peak. He made a ton of money on these companies, which the market seems to have determined as soon as he dumped his stakes were effectively valueless. And I know he was involved in SoFi or whatever, too, which is doing better than these ones. But it struck me at just how massive those numbers are. Do you remember during the GameStop mess when Robinhood closed down their trading for a little bit, he sent a bunch of people over to SoFi saying like, Robinhood is selling your order flow to Citadel Securities. You should come trade it SoFi instead. And of course, SoFi was selling all their users order flow to market making firms. Anything for cash. So I fucking fly home from Italy. From Italy. Get back in the arena. At 35 ,000 feet, I decide to troll the mids. We'll talk about that later. But anyways, sipping a beautifully chilled white burgundy. So that was his first kind of strike recently, recent strike. But then he did something that really fucking pissed me off. And this is you got to go on this show. You got to join Joe Wiesenthal and Tracey Alloway, who host the Odd Lots podcast, which if you're not subscribed to, fantastic podcast, go listen to it. It's really like if you're interested in any random finance topic, they probably covered it and you should find that episode and listen to them because they're super informative and fantastic. Someone said, because Joe posted, Joe posted on Twitter and said, one of Chamath's SPACs had gone down 93 % since he had shilled it. And someone said, oh, and someone, yeah. And someone said, okay, so Chamath, are you going to go on the Odd Lots podcast? And he said, why would I go on a podcast no one listens to? Which is just like, dude, not only is it obviously not true, this is one of the most listened to financial podcasts in America, in the world, but also is just so cringe to have that as your response. It's so like, I'm rubber, you're glue kind of fucking kitty bullshit that it incensed me enough to be like, we got to talk about these guys. I fucking hate these guys. So that's where we are. Where do you want to start with these fellows? Because there's a lot, there's a lot here. It's almost overwhelming to go over some of the details about these things. So I think we kind of just need to start a little bit with some of their backgrounds, right? David Sacks and Jason Calacanis are both members of the PayPal mafia, right? They were executives involved in various ways with PayPal. And when that was initially bought out, this group, including Peter Thiel, Elon Musk, Reid Hoffman, and a bunch of these other folks became very important in Silicon Valley because they were rich. And that's how you become important in Silicon Valley. Since then, they have two varying degrees and slightly different depending on which member of the mafia you're talking about, grown in self -importance to an almost preposterous degree. And what I think is especially striking about many members of the PayPal mafia is they have not shied away from using their money to get involved in other things, especially politics and other societal issues. For David Sacks and Peter Thiel, this dates back to the book of rape apologia they wrote in college. For Jason Calacanis, he's involved in a variety of nonsense political movements. David Sacks is contributing to a bunch of idiots in various political races that he wants to support. And broadly, many of these individuals have shared opinions that range from the stupid to the abhorrent throughout their entire careers with extra consideration given to these meaningless thoughts because of their wealth. And I think that's kind of really the issue with them is that they are given consideration for stupid objectively things because they are objectively wealthy people. Yeah, it's kind of a double edged sword here, actually, because I think that in some sense, these guys represent to retail and, you know, plebes like us, these guys represent, you know, these are the wealthy, these are the wealthy people, they're speaking on behalf of the wealthy people. And then on the other end of that, I think it's funny because it's not like, not that I think venture capitalists in general kind of suck. But the truth is that not all venture capitalists suck, and not everyone in Silicon Valley sucks. However, these guys, by being the loudest, most obnoxious people coming out of venture capital and coming out of Silicon Valley, they become the voice of all the venture capitalists. And so now they represent those people, whether they like it or not. And so here it is, it's this double edged sword. On one hand, you have retail going, oh, these guys speak for all venture capitalists. And then on the other, you have venture capitalists going like, I wish these guys didn't speak for us, but they do. And I think the other thing is just how much of their shtick is like just so clearly a performance, right? Like we're talking about billionaires and centimillionaires. I'm not sure if they've all hit the billion mark, Friedberg especially. But these are incredibly wealthy individuals. And in their last podcast episode, I think it was the last one, they spent 40 minutes reacting to the song Rich Men North of Richmond. And because of this, the top 20 percent, the top 5 percent have acquired an outsized amount of the assets and outsized amount of the income, as we all know and have all benefited from. And the vast majority of Americans that have been working, I have a question for Friedberg. Friedberg, do you think that we should implement policies to change the lines on this graph? That's exactly what I was going to ask. Yeah, right. Which is them.
The Dan Bongino Show
Jonathan Greenblatt Advocates for Censorship on Social Media Platforms
"Matters where's this guy jonathan greenblatt he is obsessed with elon musk and twitter listen to this guy talk openly about colluding with a bunch of social media companies to police what he thinks is hate speech and conspiracy theories which are conveniently anything involving a non -liberal listen to this the adl our center for technology and society works actively with all all the kind of companies of silicon valley from apple to zoom if you will from amazon to microsoft to meta and indeed to twitter we've dealt with them for years helping them tackle the challenges of hate speech on their service we point things out we share information but what we've said again and again and and i've had the privilege to speaking directly to elon a few times the reason why we are so concerned is because we think twitter is such a consequential service and again allowing people who created the toxicity on the platform that led to real world violence keep in mind that the theories dominated that on twitter for so long exploded in places like pittsburgh poway el paso and of course ultimately in washington dc on january the sixth conspiracy theories leading to violence you mean like the massive threat matrix profile going on against donald trump right now because people out there call him a fascist and a nazi are you talking about the the conspiracy theories that got people attacked and beaten for not wearing masks although their talisman businessmen like powers don't exist at all what are you talking about conspiracy theories like hands up don't shoot which never happened and led to a bunch of riots what are you talking about conspiracy theories like trump colluded with the russians to steal an election what about that what about the violence in 2017 january when trump was
The Bitboy Crypto Podcast
A highlight from Solana Is Back! (Top Crypto News)
"Welcome to BitBoy Crypto! Home of the BitSquad, the largest and greatest crypto community, and all the Interwebs. Come to us if you want to discover all things crypto. It is September 5th. It's 11 .31am. We got AJ on the side. AJ, how are you doing? How was your three -day weekend? It was awesome, actually. I had a really, really good time. Jada's back from the West Coast, and we just kind of hung out, went shopping, got a bunch of groceries, you know, just did the normal, normal, normal weekend. So you spent like $2 ,000, $3 ,000? Nah, like $400, $500. Okay. But it's still, you know... It's still a quarter ETH? Yeah. Still a quarter ETH. But hey, no big deal. Drew, how was your Labor Day weekend? It was real good. Real good. Lots of work, a lot of trees cutting, a lot of things moving. I'm making a road. I'm moving and building in. All right. Guys, we're going to be talking about Solana and the stablecoin, of course. We got some Bitcoin news as well. Also, China dumping. What's happening with that? Jim Cramer just turned bullish on this top 10 altcoin. Guys, we're not kidding. We're going to talk about that as well. Should you start selling? Is it a short? Is it a long? Also, we got some Elon Musk stuff, and also Cassio, huge watch guy, G -Shock, partnering with Matic. That's pretty big news. And we're going to talk about Gala as well. Then we got the X news, and Deasy has crazy, crazy life news, folks. I just posted something up. Some of you who follow me on Instagram or X might see it as well. All right. We're adjusting the camera for AJ. Okay. Okay. AJ, you're just too tall. Just a tall strapping lad. I should try. Should I scoot down? Okay. I'm good. I'm kidding. We're good now. Guys, make sure you're following us on YouTube. We've got a lot of great videos coming out. We're going to keep putting out the awesome stuff. We just got some BNB stuff you're going to want to make sure you follow. Let's get right into the crypto market cap, though. Look at coins, AJ. Look at the number of coins. You see that? So many coins. Let's just stop, everybody. Just stop. No more coins. Of course, we know there's tens of thousands extra besides not listed here. Market cap is down. I kind of want to hit refresh. Just make sure we have that fresh, fresh data because Deasy just turned the market green, folks. That's the power of Deasy. That's the power of you hitting that like button. Now we're coming up 0 .2 % to the upside here. It is 1 .8 trillion, essentially. 24 -hour volume looking pretty good for a Tuesday off a holiday weekend, 45 billion. Bitcoin dominance, 46 .3. Tim is sick. He's working from home. If you watch the Investing Bros, you probably saw him. He was in his basement, his bunker. He had like a towel on his head, a big box of tissues the whole time, but he still brought the alpha, though, for sure. Did he get COVID from Jill Biden? Oh, I hope not. I hope not because he has a baby. Let's hope it's not COVID. It's just normal, human sick, nothing crazy. Yeah, let's just hope it's normal. I think he can fare better as well as the baby better than people in their 80s, though. Gas is really, really low, folks. If you're looking to get into some alts, I will say this. I peeled off, put some back into some ETH this morning. I'm not going to say what, but I did grab some ETH this morning. Peeled off a quarter, quarter ETH, aka AJ's grocery budget there. All right, let's look at the coins in Bitcoin is down 0 .4%. So what does that mean? It means the other coins are going to be picking up the load here. So we have Ethereum. It is up 0 .4%. We have XRP up 0 .2%. Cardano almost up 1%. Dogecoin up 1 .6%. But then Solana kind of taking it home here. It is now 4 .1 % to the upside. Ton coin fell a ton. It is down 6 .4. Polygon also picking up some good news with the watchmaker. You might be g -shocked to see it go up 2 .8%. All right, let's look at the top gainers, everybody.
The Charlie Kirk Show
"musk" Discussed on The Charlie Kirk Show
"Okay, play cut 69, please. This is Elon at his best. He deserves praise here. If you're honest in the audience, you might hate Elon, you should say this is a powerful 45 seconds. Play cut 69. People were killed. But it was, I think, incorrectly ascribed to a white supremacist action. I couldn't really even follow exactly what it was you were trying to express there. So that's in part why I was curious about I'm saying that I flipped the ascribing it to white supremacy was bull. Okay. And that the information for that came from an obscure Russian website and was somehow magically found by bellingcat, which is a company that does psyops. And there's no proof, by the way, that he was not. I would say that there's no proof that he is. And that's a debate you want to get into on Twitter. Yes. Because we should not be ascribing things to white supremacy if it's false. No proof that he's not. These people in the media. It's a presumption of innocence. Do you have any evidence at all? Then don't postulate it. And so as we look at how do we save the country, we need more defections from the elite class. And yeah, they're going to try to take Elon out. But they got a problem with Elon because they need Elon. They need Elon for the electric vehicle nonsense that they want to try to mandate. They need Elon for some of the, of course, communications via satellites and what's the name of the company? Starlink? Cut 64. The New York Times is really fired up. Elon has turned Twitter into a vehicle for authoritarianism, like 64. He is basically he is the kind of he turned Twitter into on many different fronts, a vehicle for authoritarianism, both kind of spouting authoritarian content and tamping down on content that would challenge authoritarianism. Content that would challenge authoritarianism, he's destroyed, these are people that are defending the targeting of moms and dads at school board meetings. These are people that are perfectly fine with political dissidents. Like Steve Bannon being indicted, James O'Keefe being raided, the constant nonstop persecution of January 6th defendants, and they're lecturing us about authoritarianism. The people that wanted the contact trace you, because you went to a church, and they're saying that we're the authoritarian people, probably the most powerful clip is David Faber, talking about conspiracy theories. I think you're seeing Elon Musk become red pilled. I really do. I think you are seeing the red pilling of the world's richest man. Why? Because he's intellectually curious. I really believe this. I believe that any American who is intellectually curious and honest will move further to the center right. During this time in American, that the American drama that's playing out. It is impossible to go to the center left or to the left if you are intellectually curious and honest. The more you ask, the more you inquire, the more you research, you are going to go further to at least the center to the center right. The American right is the only place we are allowed to think for yourself and say, well, that's wrong. And that's interesting. Maybe that goes too far and again, we do not require. We should not require. Let me put it this way. We should not require that every person who decides the quote unquote enter the center right agrees with us on everything. I'm a 100% conservative across the board. You guys are too. At the same time, I think it's really powerful that Elon Musk is challenging this guy on CNBC about conspiracy theories..
The Charlie Kirk Show
"musk" Discussed on The Charlie Kirk Show
"Hey everybody, Tina Charlie Kirk show Elon V Soros. I really think it's admirable what Elon Musk is doing. Hear me out, allow me to convince you if you're not a fan of Elon. I think you're really gonna enjoy it. Email us freedom at Charlie Kirk dot com. Support our program Charlie Kirk dot com slash support that's Charlie Kirk dot com slash support Rebecca from Wisconsin. Thank you for your support. Matthew from Minnesota, William from Washington, Victor from California. Steven from California, Barbara from California, Tony from Idaho, and Robert from Alabama. Thank you, Charlie Kirk, dot com slash support. Email us as always, freedom at Charlie Kirk dot com, get involved with turning point USA at TP USA dot com. Start a high school or college chapter at TPUSA dot com. Turning point USA is the nation's best hope every day, turning point USA is doing the work to save America. Come to our young women's leadership summit in Dallas, join Brexit, get involved with our pastor summit, start a high school chapter or a college chapter, turning point USA is working relentlessly to restore a free society in our beautiful country. TP USA dot 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. I want to thank Charlie. He's an incredible guy, his spirit, his love of this country. He's done an amazing job, building one of the most powerful youth organizations 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..
Rocketship.fm
"musk" Discussed on Rocketship.fm
"To appear, have you seen this? Yeah, yeah. Now, I mean, some of them community notes. This was a feature before Musk took over that was called birdwatch. It starting in December though, it was launched globally as community notes, and it's sort of a crowdsourced fact checking service. And I kind of like this idea. It's an example of combating misinformation by getting groups of people to weigh in and sort of fact check. You do have to rate a certain number of community notes in order to be part of that group that can create a community note. But yeah, it's one feature that's not so bad, but I'm seeing other labels that, I don't know, honestly kind of make my eyes roll. Yeah, I like what? Well, NPR, national public radio just recently in their Twitter profile, a little tag appeared that dubbed it state affiliated media, which is the same term it uses for propaganda outlets in Russia, China and other autocratic countries. And it's just not true. No. Twitter, they even change that tag to government funded media. Which is still misleading, considering NPR is a private nonprofit company. It actually gets less than 1% of its $300 million annual budget from federally funded corporation for public broadcasting. So it even saying government funded media is
The Trish Regan Show
"musk" Discussed on The Trish Regan Show
"Elon Musk is getting a warning. And it's not from Wall Street. It's from China. So Tesla had its big Analyst Day on Wednesday, kind of a big deal. People were a little disappointed. I think a lot of folks expected that he was going to announce a really tricked out cheap EV that the masses could drive, but that didn't happen. He had some sort of grandiose plans for getting us off of fossil fuels in the future. But again, Wall Street wanted that $25,000 car that was going to be on the market next month. And he didn't come through with that, although a lot of people still say, if you look at the plans, if you look at the plans, it is happening. I do think it will happen. I think that this was not the time or the place for whatever reason for him to tell us about this. So Tesla remains to me a very interesting company. He's a fascinating guy, just truly a visionary and has done so much that he really doesn't get credit for. But China, China's getting a little nervous because you see they don't have the FBI there running Twitter anymore and they don't have Joe Biden being able to exercise his power over Twitter anymore. They don't have the Democrats making sure that you only say certain things. So they may just be up a creek without a paddle now that Elon Musk is in charge of the place because now what we all know the truth. I mean, the FBI came out and said it, the U.S. energy department came out and said it forget that I said it, by the way, three years ago. Oh, that was like no go territory. I'd never seen anything like it. It was actually really freaky. And I would say to friends, I'm like, I'm kind of alarmed like I feel like we live in North Korea.
The Ben Shapiro Show
"musk" Discussed on The Ben Shapiro Show
"I suppose is inarguable to a certain extent. I mean, the simple fact is that black women are treated in American society differently than black men because women are treated differently than men. And presumably, black women are treated differently than white women, but only in certain contexts because as it turns out that if you actually adjust for family family structure and just for income level black women perform equally or better, then white women in a wide variety of circumstances put all of that aside. The basic point of intersectionality as Kimberly crunch originally articulated has been put aside in favor of this idea that in American society, the more intersectional checkboxes you tick, the more victimized you are. And what that means is if you have many intersectional victim check boxes ticked, then you can not victimize anyone who has fewer intersectional checkboxes. So if you are a black woman and you say something terrible about a white woman, this is not a form of discrimination. It's totally fine because black women have more checkboxes than white women do, white women are just women. Black women are both black and women. And this holds true throughout the intersectional hierarchy. So if you're a white person and you're a racist against Asians, this means that you're terrible and racist, because Asians are more diverse than you. But if you're a black person, you're racist against Asians, that's not racism. That's just something else that we want to actually kind of talk about, 'cause it's super awkward. So the point that Elon Musk is making here is quite true. And yet the media refused to acknowledge this, of course, and they say that it's quite terrible for Elon Musk to have said this. Now the simple fact of the matter is, the media are perfectly okay with racism so long so long as it is directed against a supposedly more powerful group from a supposedly less powerful group. And what I'm saying here can be well substantiated. And we'll do that in just one moment. First, I have to talk to you about the daily wire's most trusted privacy partner and a premier sponsor of this show ExpressVPN. Simple fact matters. If you use the Internet without ExpressVPN, that would be a stupid move. It's a really dumb move. It's like going to a coffee shop and you leave your laptop open and you don't actually set the password or anything. You just go to the bathroom. When you come back, there's some dude from the FBI browsing your emails. Well, that kind of happens every time you go online, except the FBI who doesn't have to be at the coffee shop. This is why you need ExpressVPN. Every time you connect to an unencrypted network in cafes, hotels, airports, et cetera, your online debt is not secure.
Mouse and Weens
"musk" Discussed on Mouse and Weens
"And not having anything? Well, you also got to have a story about Elon Musk. Yes, but that should be a movie, actually. That's wild. Wow. Well hopefully they may be interesting connections and could do something with themselves. After the very final. Although your girl had to go to cat sit, so there's that. Everyone in LA cats hits at one point in their life, I feel like I love dog walking cat sitting. Yeah, I think it's a good gig. I would do that. I would love that too. I don't know what I'm doing. I need to quit all this shit and just stay at people's houses and cats. Yeah, that's what I like. I'm doing that now. All right, do it. There you are. Thank you. And Scooby is currently lost outside amongst the communities. I've lost your cat though, and coyote country. I'm sorry about the bandits. He'll show up. He's pretty sad. I'm not the best cat sitter, but just worries me because our first cat got eaten by coyotes, and it was like within 30 minutes of her sneaking out of the house. She was gone. This cat is different. So hopefully he knows the difference. I don't know. We'll see.
Mouse and Weens
"musk" Discussed on Mouse and Weens
"Have you had the talk with your son? Yes. All right. All right, you're getting off the Elon Musk story. Back to your juggling one ball, you're not in the news. Okay. Yes. Quick story when I went away to Christmas, I did not have my normal cat sitter so I went on rover dot com and found cat sitter. How long you came? Three years, maybe? Okay. She came over and it turns out she had formerly worked at the onion in Chicago, so the onion newspaper, if nobody knows what that is, then look it up, it's a very funny satirical paper. Yes. On the side note, it's gotten very cynical, so I went and I read a whole article in salon dot com about how the onion has gotten more cynical, but it's keeping up with the times which I've just gotten more snarky and cynical. So true. I'm so stuck in politics. I watched so much stuff on it and all the late night shows and I'm just I'm right there. We listen to the Rachel maddow podcast ultra really good about modern day Nazi takeovers in the 40s and then we listen to bagman on the trip here and that was all about Spiro Agnew and it just makes me go. Anyway, Spiro Agnew was George W is dude who went to prison. No, he was the running mate of vice president of Nixon. And he was oh, I'm thinking of scooter Libby. Sorry. Spiro Agnew scooter Libby, who named these people. I know. Ronald McDonald. I know. She's on her comedy game, folks. No, speaking of comments. Yeah. That's what I was trying to get back to. So she comes over, I talked to her, she tells me she used to work at the onion. I said, oh my God, what was that like? And how did you get to LA? She said, well, what happened? Funny enough. Is that Elon Musk called one day and picked 5 writers from the onion and said I'm going to fly you guys out to LA. I'll put you up in a apartment pay for everything. And get you guys in office and I just want you to be my comedy writing team and we're going to create products that will sell in this whole amazing, funny joke, Elon Musk world. So she packs it up. It was like, yay. This is gonna be huge. They go there.
Bloomberg Radio New York
"musk" Discussed on Bloomberg Radio New York
"You know, many of us may have hoped he would, and it all seems to be about ratings, and God bless him as a businessman, but if he's going to talk about democracy and freedom and all of these kinds of things, he's also going to have to take responsibility for what this platform elicits in the next few months. We have to take responsibility for another January 6th, Rick, as Brian not said. Oh, yeah. I mean, I think that I think that this is exactly what Jeannie was just referring to is that, you know, Brianna thinks that for a lot of different reasons, his hot rhetoric incites his people. They look for the cues. I mean, is this part of Elon Musk? He wants to have an open discourse, right? Just let it rip. Everybody say what you gotta say and go home and be better for it. But if it's inciting violence, it's a different conversation. Yeah, but I think this is the question is whether Elon Musk or his content moderation council that from what we can tell had nothing to do with letting Donald Trump back on. You know, is going to be able to moderate that. And at the same time, do what Brian not said, which is turn a profit. And I think that if you have to rely on Elon Musk to turn a profit or do the right thing, gee, what do you think he's going to do? I think that's pretty clear. On the day that Joe Biden issues a pardon, there was some talk over the weekend about gosh, what would happen if he pardoned Donald Trump here and you could hear the laughter from the other end of Pennsylvania avenue, but today, of course, it was for chocolate and chip. This Thanksgiving week. Here he is with the turkeys. Based on their temperament and commitment to being productive members of society, I hereby pardon I hereby part, yes. I hereby part in chocolate and chip. Let's hear it for chocolate and chip, jeanie, you know, they get a night of the Willard hotel just for that before they go off to roam the pastures after Thanksgiving at least some traditions stay alive. A tried and true tradition last year it was peanut butter and jelly I think was that it was a good memory and this year it's chocolate and chip. I love it. They're gonna go enjoy themselves at the hotel tonight and then they are off to the pastors as we all will be someday, Joe. There might be pictures on the Hunter
Verifiable Podcast
"musk" Discussed on Verifiable Podcast
"Which anybody can say something that offends someone and isn't going to be shadow banned for doing something like that. So he also had his free speech agenda stuff like that. And before we knew it, we found out that Elon Musk became the highest sheer holder in Twitter. So he bought 9.4% of Twitter's take and he became the highest shareholder and due to that the stock of Twitter went up because yeah. And mosque is like the biggest name on Twitter like he's the most active big account which over 82 to maybe 5 million fertilized on Twitter. And he's inside the top demos followed accounts on Twitter. So he always get interaction on a daily basis. So he bought take onto it in Twitter and after a week or so he was supposed to join the board of Twitter and he decided that, okay, there's board is not my kind of people that can't really deal with this kind of people that with the main problem why Twitter is not growing why Twitter is just a stagnant business day since making good profit. So he was like, okay, he's not going to join the board and because the board is full of people who don't or are not. Who doesn't support his agenda. So he was like, okay, he ain't going to join the board. He just wants to he decided one day to just wake up and say he wants to own 100% of Twitter. So he started and gave Twitter offer to buy 100% of the company and take Twitter private. So he gave an offer of $43 billion and 54 point.
Verifiable Podcast
"musk" Discussed on Verifiable Podcast
"Today we're not going to be talking about NFTs or we're going to be talking about Elon Musk. Welcome to verifiable podcast. So let me go ahead and verify the podcast. Yes, it's been a while and. You want to do this podcast paper. Just do some questions of me trying to get back on this podcast. We're back live. So today I'm going to be talking about Elon Musk. Elon Musk. Yeah, I understand he wants to feed you of the Chinese and he came out of a Tesla and I was like so he his hand on the Tesla and like I am elam. Yeah so welcome to the final podcast today we're going to be talking about Elon Musk and Twitter how the whole team has been going throughout and I've been trying to see how I'm really meant to be doing on this podcast. And from everything I found out that okay, since I can do one of the main reasons I have them through religion and episode was because like I was planning on getting people on to speak as a guest speakers were since that won't be possible, this is how it's going to be for a while now. So yeah. Always you just want to give you guys news updates on a daily basis, some top new staff on the space, like how today opens the XYZ NFT aggregate Tor and yeah, that's not a great talking about and talking about Elon Musk. So last month or earlier this month as a most but 9 point 2% of 4% of tweeters talk ill started from when he started AKA much more interest in Twitter and his whole idea of social media, which has.
Bloomberg Radio New York
"musk" Discussed on Bloomberg Radio New York
"Would receive a number of shares equal to twice that exercise price So in this case the exercise price is $210 They would receive shares worth $420 And that would result in massive dilution to the acquiring person because he doesn't get to buy shares at that discount So the effect of all this is that it prevents Elon Musk from exceeding that 15% threshold or even announcing a tender offer to acquire shares that would result in him exceeding that threshold without border approval And that's the key thing So the practical impact of all this is that all roads now lead through the Twitter board This only goes into effect if Musk Musk now has about 9% if he reaches 15% That's right They receive the rights including ironically Musk Musk also receives these rights But if Musk or anyone else for that matter crosses that 15% threshold then everybody gets to exercise those rights to buy those steeply discounted shares Other than the person who crossed that 15% threshold A poison pill makes acquiring a company more expensive Do we know how much more expensive it would be for Musk So again it results in massive dilution to him I haven't done the math But I could tell you that in the history of poison pills and this stretches back about 40 years I'm only aware of one case There may have been one or two others but one documented case in which someone deliberately crossed the threshold without board approval So it does serve as a deterrent Do you know when it has been used effectively let's say in the last ten years Are there any big possible takeovers that we would know about I will say this that poison pills have fallen out of favor It's received enormous criticism The main criticisms of poison pills are that they entrench the board and management They could prevent an offer at a premium They could limit a stockholder's ability to increase its ownership as a means to influence or challenge management That by the way could be what Musk either is planning on doing or what he may end up doing If she can't pull off an acquisition of the entire company he would sort of be a player in that he would be perhaps not the largest stockholder but currently he's the second largest stockholder And with that position of influence he can put pressure on management The sense is that the greater ownership position he has the greater influence you can exert on management but if because of this plan he will not be able to surpass that 15% threshold and the criticism is that sometimes management needs that outside criticism Is this the reason do you think that he refused the seat on the board because then he couldn't raise his stake above close to 15% Yeah so interestingly the condition to him accepting the seed when it was offered to him originally by Twitter was that he couldn't exceed 14.9% which is pretty much the threshold that is built into the poison pill Why Elon Musk didn't accept the board seat is anyone's guess It's difficult to always understand exactly what motivates Elon Musk But I think for starters he probably did not want to limit himself to 14.9% ownership The second thing is that the directorship was probably viewed by him as a double edged sword First of all as a board member he would owe fiduciary duties to the company and all stockholders that would mean that going forward he would have to justify his vision in terms of shareholder value as opposed to his personal ideology So for example when he speaks about the role of Twitter that it should play in promoting free speech he's got to couch it in terms of what's in the best interest of the company in the stockholder So he's got to say something to the effect of that free speech is good for the company's bottom line as opposed to free speech is necessary for a functioning democracy Coming up next I'm going to continue this conversation with oolong cape in so how likely is it that Musk will take over Twitter You're listening to Bloomberg Breaking news We travel to see what's around the.
Dead Celebrity
"musk" Discussed on Dead Celebrity
"One partner gives money he'll say to his partner, can you give to the organization I'm supporting and vice versa. So there is that element of you got to keep up with the Joneses even in terms of philanthropy. That said, there's some families that are the exact opposite that they want to keep philanthropy very secret in terms of who they give to. And they don't want their names going out there. We have a handful of clients that are like that. The problem with foundations there is everything is disclosed. On the foundation's tax return on the form 9 90. And there is that does become an issue where we what we do is we take the family foundation and we give the donation to the daft to the family's death and adapt turns around and makes a donation. So that's one example of what we use both for certain situations. So the long short of it is there is the element of social peer pressure if one family is doing it in their close circle in cocktail parties, you want to be able to say you're giving to X, Y, and Z as well. And for some families it's the exact opposite. Yeah, I thought that Elon Musk was actually a really interesting dichotomy about this exact same topic in a way. You look at them and you look at obviously not all of his donations are public. We don't know where everything has gone. But if you look at what the Musk foundation goes to, it's very clear that he is a specific passion and mission in mind in terms of these tech stocks, artificial intelligence, education. That's where a lot of that money gets funneled. But when you look at his personal large donations, I kind of make the news. They're very random. It seems like it's like whoever got through to him on Twitter and made him feel bad. He's all of a sudden making these donations to the Texas food bank or something for $10 million. He's a very interesting. He does both sides of it. You can see that there is a mission and a passion, but he's also under such intense pressure from outside that he's just kind of shooting money around also, which is great, because it's at least going to charity. But it can be overwhelming for someone who sort of is trying to do guided giving and actually champion a cause. What we see is for most clients, there's if you look at their annual organizations that give to the amounts, there's a handful of them they're very large. They like either it's the children's school or a religious organization or some philanthropy that they feel very close to and they give large amounts every year. And then there's like the 30, 40, 50, the 5010 1020 thousand here and there. And those are where, you know, like the partner or the neighbor next door says, you know, can you give to my organization or something like that? And those are what that is. So you're right there as well. That there's a bunch of random ones and then there's the ones that they're close to. Which is a common theme, even with our families. If staying on this idea of philanthropic mission, you mentioned earlier, the exercise where you gave each of the kids $25,000 to invest how they want. It's a common thing that even with the most charitable families. And even when they're very successful in passing on sort of the value of being philanthropically inclined to their children, the children may not end up being philanthropically inclined to the same causes that the larger family is..
Insight Out with Billy Samoa
"musk" Discussed on Insight Out with Billy Samoa
"Friend and when you're friends with someone like you lawn your exactly like them. They don't seem like an alien to anymore. And when that starts to happen your mind starts to shift and you start to think i could be just like you know insane. The word would be ability if we just had seventy lawns. Not like seven thousand. Because i don't even. I can't even imagine that will left us chris del. Hey imagine this world. Beverly give that right like i don't know how to do that. I'll just lead lead to devious. But just seven elon musk's one in every billion because right now it's one every seven billion easily nealon. What if we at seven more matching in saying that would be like. This is what i'm excited this the stuff that gets me going in my mom's basement as i'm talking to you. It's not like you go into some bardy being alone. Whatever going to club like it's this idea idea that if there was an eel on each of those ideas like imagine elon. Musk is the subjects the most been. What if there's two elon. Musk one who is just working on space and one. Who's just working on tesla one who was just working on boring company etc. Imagine how fast society would move. It'll be crazy at that's the future. I'm excited about well. That's who i wanna talk about. Next is what is the future vision of elon. Musk i agree. Don't put them on a pedestal. Don't assume you can't do the unthinkable. you can't do the impossible you can't do others are telling you is unachievable. That's the word you can and you need to believe that you can. Hopefully you got some value from this session. If you did let us know. Send us a note. Tell us what you took away. Let us know what you liked and let us know what you want us to talk about. We're still experimenting. We're still just having conversations talking about people that fascinated as in talking about what they've done. What insights they have. What contributions they've made in how they've made them and this is a great example of looking at somebody like an e lan and really understanding. What about him has helped to lead to truly an astonishing level of success. So we hope you enjoyed this one and until next time please do make it a great one. We'll talk to you guys soon..
Insight Out with Billy Samoa
"musk" Discussed on Insight Out with Billy Samoa
"You don't see a lot of executives at that level do that is to companies the only other example of scene of this working and it doesn't even work that well is jack dorsey. So he's the sea of twitter and square but squares doing really well twitter's kinda so so not so great ready lonzo actually the sea of both of these organizations and they're both uber successful so given data right we can see. Just mathematically every great. Ceo is generally the sea of just one company. So zaks is just focused on facebook. Even have facebook is pretty much a holding company now for other social media in upcoming social media platforms. Tim cook of apple just focused on apple. He's only focused on one thing whereas because alon is focused on to he needs to split time between tesla and spacex. And don't even get me started on the seventeen other things. I was just gonna say man. There's boring company. there's neuro lincolnian. The list goes on and on. But yeah i mean obviously spacex and tesla big juggernauts. They're absolutely so to answer your question man. I think the reason why. He's working himself to death. Is he realized. Time is the most valuable asset he is. He doesn't have much time. He has left so the only thing left to do is to maximize hope for the best. And he said this multiplies. It works at our loss or ten hours less than i did. Over those years both companies would have failed. I think he believes it and he might be right. I believe it to might be right. Okay let's talk. We're gonna go for a couple more minutes here. And then we'll do a part do because he has a master plan. He's got the master plan and okay so he has a lot of critics. A lot of people who have shorted tesla's stock a lot of people. They all say he's not fit to lead blah blah blah. But it's like the guy has this. He's just keeps winning. He keeps winning and one of the reasons. I believe that he keeps winning. He's got this idea known as first principles thinking and the whole premise. Behind this idea. It really dovetails nicely from everything else that we've said which is don't just believe what is and when i say that what i mean is just because a car is a certain way doesn't mean it should be that way or just because things have been done. A certain way doesn't mean that it should be done that way and the idea behind this first principles thinking is we should not reason by analogy mean. We shouldn't compare whatever it is. We're doing to other things instead. We should boil things down to their fundamental truths and by doing that. The only thing that really should consider are the laws of physics are anything that we know. We have zero control over. And there's very few things that we have zero control over and so therefore whenever we're building anything whether that'd be a vehicle a rocket ship or a widget your business owner and you're building something from scratch. Don't just look at what others are doing..
Insight Out with Billy Samoa
"musk" Discussed on Insight Out with Billy Samoa
"They need to do. Their job most effectively. And so with that. I want to get your thoughts on this idea of being inquisitive and how you think that's helped propel. Him helped us businesses. And then i do wanna go back. We kinda got right into the thick of things. But i want to tell his story and i want you to do that as much as you can. In all perrin in details your master at painting the picture of how people got started so let's to two parts one. What are your thoughts on curiosity in to. Let's go back in time and talk about his story. Absolutely i think curiosities such important piece to your point. Billy around how we can ask better questions regardless of how smart we think we are. Because there's always something we don't know there's always a piece of information we have yet to get. There's always an idea that we need to receive to make ourselves more and about the decisions that we make a date today but the more important part beyond curiosity for people who really want to take that step into being elon. Musk the first step. I don't think is curiosity. I think curiosities the second step. The first step is the willingness to just question the willingness to be controversial the willingness to think differently from the people around you. Because if you just follow everybody and you do the exact same thing you'll get the same result which zero innovation nothing cutting edge. Nothing unique nothing original. So if you want to be lik ilan that's the first step is to under wire. Hypothetically of course right not actually rewiring your brain through surgery but more mentally and acknowledging that the brain is not optimized for innovation the brain is not optimized for creativity. The brain is only optimized to keep you alive as long as possible so that you can procreate and survive your generations. that's that's the purpose of the brain so for you you need to. I acknowledged that point and fight against every single day for the rest of your life and that's the first step and then the second step is curiosity and a bunch of others. Yeah well i would say the conventional wisdom that most people default to he is not ever going to allow that to be the reason why you can't do something or why you're prevented from achieving the desired outcome and he has incredibly high standards. I know just a quick anecdote here when we were at solar city. I know that we were working on the solar roof. And he saw the first prototype and said this is nowhere near where it needs to be which is why we had to keep iterating to the point where we got the roof that exists today or that should be out more and more in that is beautiful sleek unlike any other roof ever created and that's a real world example of him not settling him asking questions. Why can't we do this..
Anything But Idle
"musk" Discussed on Anything But Idle
"That a lot of this is gonna be for back haul and for other regulatory concerns of telecommunications companies and telecommunications providers who can't go into particular areas because they can't serve as the entire area and so this will give them that option to be able to say you know we're gonna partner startling and we'll bring up bring up everybody But only the portions that are out there and the outside of the urban areas of the areas. We cannot get a remote. Those will be startling but everybody else is going to be on our infrastructure and is going to be with an art space and now they can get the contract for that government or you know jurisdiction or otherwise but for example last fall We took a trip. We rent under v and and again i. That's that's for me some occasion. Okay i work anyways but the kids had their occasion. That that for me was of occasion coming to discussing earlier okay. We went five days a small dish. The dish doesn't depict her. Cy saw not that big a small niche. Like that can come with me. Partha my suitcase i will. Even we open to by the case so he doesn't get squishing the back again. I get their foot my thing in the backyard. Logan a now. I don't need to consider. Okay my lt going to be fine on my five year. Going to find her a wifi. They're going to have be good enough. I don't need to worry about that. That worked for me. The hong kong folks. And i also see now the opportunity for campgrounds and other places to to gain access to high speed broadband and provide that to customers. Who wanted i mean you know. Maybe you want to go out in the wilderness and disconnected from the world I don't so. I want. I want all of the amenities of living You know wherever. I am and so But i see this on cruise ships you know. Currently cruise ships have pretty poor internet access But now they can provide stronger. Better access in and from starlink. that could be phenomenal. That would be really great. And yeah so a couple. Other notes. That i i kind of Picked up from yuan. Which is that. What musk is doing here is that he is attempting to put together. All of these things that he thinks are good for humanity and in terms of his kind of portfolio of businesses and making these things somewhat strategically but also not you know like he's he's looking at it from the perspective of will this help humanity and and then and then choosing these companies that that do these things you know like you need to do starlink You know like it's not. It's not part of some grand plan that he needs that in order to be able to do what his real goal is where he wants to put people on mars and he thinks that that populating humans on other planets is a mechanism for not just a greater human. Discovering greater. human You know development but also as a mechanism for human survival right that at some point We will need to leave planet earth if we do plan to live longer for the propagation and survival of the species kind of thing You know if if you believe that. And he does and so. He wants to get people to mars but he doesn't necessarily need startling to get us there You know he needs those rockets and the reusability of those rockets to bring them into a cheaper format and he's doing that with the Space x program. So i'm really curious..
Anything But Idle
"musk" Discussed on Anything But Idle
"Reflect app dot. io about you'll gustavo so bake one that comes through the topic of the week of the camera on his co. film books film books will allows you to get an all Negative okay of the camera against you for those who are also remember going to the store on way two weeks to see the pictures. You're that's shouting a gift for stuff. I can only say one picture again to be a good one. I get my kids will never get that experience and can we can throw at one thousand of them and then deletes them or not but but that was my my childhood home. It's full of those film things you know from the different trips and all that so it allows you to take a picture directly into the film and it's tracked a digital version of it so it is a great way to strike those pictures. Turn them into disco version of it directly on your phone or your ipad. So i just wanted to share that application in case you have or your parents have some of those pictures. Yeah and actually to your point. The whole reason i chose reflect Was because of that point. Which is that you can actually put photographs of things you want to remember and reflect can actually bring those things back to your memories like it can. It can take images as well which is great because it's connected to ever so anything you can put in. Evernote is basically something that he can send back to you to look at so So just know that you do have that function of being able to put photographic flash cards. You can do all kinds of things and so thanks for reminding me because i it's my mind Film box looks interesting. It kind of It's a little bit different from google's photo scan application which allows you to take a s- basically scans of physical photos. This is helping you take scans of film negatives and turn them into digital so. That's all good stuff. They're wonderful all right. New tools are out of the way which brings us along to our feature story this week and a feature story. This week is all about elon. Musk at mobile world. Congress gave a talk. If you wanna call it that it was really a q. And he sat down for a fireside chat virtually with the folks at mobile world congress and he was talking about starlink. And for those of you who are unaware. Starlink is a an internet service provider. That is satellite-based. So these are Satellites that are in near earth orbit and they allow for places that are in really rural areas. But even some you know. populated spaces gain access to high-speed consistent strong throughput Broadband internet access. So yeah so what did you think about. Along musk's conversation. The conversation was interesting the fact that he thinks he will be half a million dollars in the next year a half a million users in the next year i that's really interesting And i think are doing well because at least better test i i..