35 Burst results for "New Germany"
History That Doesn't Suck
A highlight from Introducing: History Daily
"Hello, my friends. This is Professor Greg Jackson, and today I am most pleased to bring you a little off -week treat. The tale of the Zimmerman Telegram, as told by the prolific history podcaster, the not one and only, and definitely not a U .S. Senator, Lindsey Graham. As many of you know, Lindsey is a dear friend of mine. He is the host of several podcasts, such as American History Tellers, American Scandal, American Elections Wicked Game, and the particularly brilliant historical audio drama, 1865. His company, Airship, does HTDS's sound design, and we have had many a long conversation about history, podcasting, presentation, you name it. All of which I credit to my growth as a podcaster. Well, all that to say, Lindsey also hosts History Daily, a podcast that delivers a relatively short episode every weekday, whose topic is always a meaningful historical event that happened on that precise date, be it a few years or a century ago. It's a wonderful way to make what might feel like just another ordinary day come to life as you learn about significant events on their anniversaries. For today's taste of History Daily, though, I'm letting the actual date slide to bring you a World War I related topic, the Zimmerman Telegram. I hardly have to tell you about its significance since we learned about it here on HTDS, but I hope you enjoyed Lindsey's telling in an episode dedicated solely to that event. And if you do enjoy it, be sure to check out History Daily wherever you get your podcasts. Here we go. It's a foggy early morning on August 26, 1914, just one month into World War I. A German cruiser cuts through the Baltic Sea, laying mines near the entry to the Gulf of Finland. The SMS Magdeburg works under the cover of darkness, steaming along until it comes to a shuddering halt. On deck, the captain curses as the ship runs aground in the shallow waters off a nearby island. The captain directs his crew to start throwing any unnecessary equipment overboard. He's confident that if they can lighten the cruiser's load, it'll pull off the shoals. But despite their best efforts, the ship doesn't come free. So left with no choice, the captain orders his crew to start lowering the ship's dinghings. As the men prepare for evacuation, the captain's mind goes immediately to the most precious cargo on board, a set of three code books used to write and decipher German communications. Quickly, the captain orders a signalman to fetch the books. But as he awaits the crew members' return, he gazes out at the horizon. A break develops in the fog, and the captain sees two unfamiliar vessels bearing down on his boat. As they draw closer, he recognizes them as Russian ships. As the enemy ships open fire on the Magdeburg, the captain rushes to locate the signalman he sent to retrieve the code books. When he finds them, the captain orders the signalman to take the books, row out to deep water, and throw them overboard. The captain looks on as the signalman boards a dinghy with code books in hand and is slowly lowered down. But before the boat can reach the water below, incoming Russian shells explode all around it. The captain looks on in horror as the signalman is struck and tumbles into the sea, the code books still clutched to his chest. After the brief encounter in the Baltic Sea, the Russians rescue drowning German sailors and the bodies of those that cannot be saved. And when they drag aboard one body, still clasped within the dead man's arms, will be the invaluable keys to Germany's communications system. The Russians keep two of the three German code books they recovered from the SMS Magdeburg, but they pass the other onto the British government. They use it to establish a top -secret code -breaking operation. And armed with the code book, and others like it they will later seize, British intelligence is able to decipher most German messages. But no intercepted note will be as consequential as the Zimmerman Telegram, an inflammatory document that will persuade the United States to declare war on Germany after its contents are revealed to the U .S. government on February 24, 1917. Because I make more money when you go to a pharmacy I own. No one should stand between you and your medicine. Visit phrma .org slash middleman to learn more. Paid for by Pharma.
Thinking Crypto News & Interviews
A highlight from Congressman Warren Davidson Interview - Crypto Regulations, SEC Gary Gensler Hearing & Subpoena, Bill Hinman Ethereum, CBDCs
"Oh yeah, I mean, I think book Gensler should have been subpoenaed already. I mean, I think the amount of patients that chairman McHenry shown, I mean, maybe that's why he's the chairman. He's like more patient study, kind of working it more diplomatic. Like, yeah, I think the subpoena was due like in February. This content is brought to you by link to which makes private equity investment easy. Link to is a great platform that allows you to get equity in companies before they go public, before they do an IPO within their portfolio includes crypto companies, AI companies, and FinTech companies, some of the crypto companies you may recognize include circle ripple chain, analysis, ledger, dapper labs, and many more, if you'd like to learn more about link to please visit the link in the description. Welcome back to the thinking crypto podcast, your home for cryptocurrency news and interviews with me today is Congressman Warren Davidson, who's a Republican out of Ohio, Congressman Davidson. It's great to have you on. Yeah. It's an honor to join you. Thanks. Yeah. Congressman Davidson, I've followed you for years and all the great work you've done with legislation around crypto. I think you were boy was maybe the first, if I, as far as I remember going back to the token taxonomy days and things like that. Uh, but before we get to all that, you know, tell us about yourself, where you're from and where'd you grow up. Yeah. So I grew up in Ohio, um, a little North of where I live now. So, um, graduated high school in the eighties, 88 listed in the army and, uh, got sent over to Germany when the wall Berlin wall was up, you know, the cold war was there and there, uh, wall separating the East and the West went through East Berlin and got to be there when that came down. And, uh, I'll just say like the people on the other side, weren't looking for more government. They were looking for more freedom and it was definitely a life -defining experience. Uh, from there, I got to go to West point, which, so that's not the normal way you go to West point, but, uh, it worked for me and, uh, graduated, went back into the infantry, served in range of regiment, 101st airborne division, uh, the old guard, you know, so some great units, but ultimately decided I needed to get out and go into a business. So my wife and I, and two little kids at that point in time, moved back to Ohio and, uh, started manufacturing companies, went to Notre Dame, got an MBA, and we basically had a little group of manufacturing companies. And that was what I was doing. And John Boehner resigned as speaker of the house. And a couple friends stopped in and said, Hey, you know, who are you going to back in the race? And I said, Hey, you know, you guys are the political people. And they cracked really a joke. They go, you know, it'd be great if there was an army ranger business guy in the race. So we just laughed and I went home and told my wife about my day. And she said, well, what'd you tell them? Like, well, we just laughed. Cause it's crazy. And she said, no, it's not. You'd be great at that. Well, here I am. So that's been like, you know, gosh, over seven years ago now. So it says it's pretty crazy. So in Congress, I got here and very few people knew much, very few elected office holders knew much about crypto. And I was new on the financial services committee and, uh, you know, kind of started that kind of army ranger business guy, the business guy, financial services also on foreign affairs. And, you know, that's, it's been a, it's been an interesting time to be in politics. Right. Oh yeah. Uh, well first thank you for your service. And, uh, it sounds like that wasn't, uh, just an incredible experience you had with the Berlin wall and so forth and being over there. Um, that must've been something, uh, life -changing it sounds like. Oh yeah. And look, I mean, the military offers a great opportunity for so many people. I mean, it's not a perfect fit for everybody for me. I just love that I got to be a part of it and it turned out phenomenally well for me, but it really is, uh, a great, a great thing to do and, you know, a lot of phenomenal people they'd go in and give a portion of their lives in service. And then unfortunately for frankly, some of my friends and others, they give their full life, um, you know, lost in combat or occasionally a training accident or something, but, you know, it's a serious commitment, but it is really cool that I had the chance to do it. Wow. Um, so let's talk about, uh, some of the work you've done in the crypto legislation front, because I remember as far as I can remember, uh, I, the token taxonomy act being maybe the first crypto legislation, and you can correct me if I'm wrong there, but, um, you know, tell us about the history of the different bills and things you've worked on. Yeah. So when I first got to the committee, you know, it was January of 2017 and, you know, you remember 2017 was like the ICO market people like, oh, you know, I could just write a white paper and kind of skip everything. And there were really good use cases, people trying to do things honestly. And then unfortunately there were just some outright pump and dump scams where people were being taken advantage of. And I'm like, where's the sec. You should be cracking down on these scammers and, uh, you know, they weren't really, you know, reacting well. They didn't really know who was going to do what. So there was this void and, you know, I was trying to get hearings on this subject and you, as the new guy, you don't get to choose which hearing. So this goes all the way into 2018. And, uh, we really couldn't get focused as a committee on the issue. Uh, so I was like, well, I can at least have a meeting. I mean, we won't be able to call it a hearing, so we'll have a meeting. And we did this thing at the library of Congress and it started out with a goal of getting about a dozen people together. And by the end, we had to cap it at 50 and like, people were like, oh, I want to send my CEO and I want to send my general counsel on, you know, we had some of the biggest names in, in, uh, not just crypto, but, you know, venture capital, you know, the New York stock exchange fidelity state street, I mean, you name it, any Andreessen Horowitz, you name it, the big players, we also are like, look, we got to have some startup companies and some founders that no one's ever even heard of some of those kind of knowing that still is heard of. They kind of went away. Uh, but a lot of them have really turned into some of the biggest names in crypto over time. And it was just an interesting conversation. So the goal was this listening to everybody and say, well, how, if we're looking at a tree, how far up can we go before everybody's interest starts diverging and branching out in a different way? And we want to kind of go up to that first level of branches and say, this is the consensus. If you solve these things, uh, you could provide a really difference making piece of legislation. So that was the token taxonomy act. Darren Soto, a Democrat from Florida, and I led the bill and man, think how different crypto would be if we had passed that bill in like 2018.
The Dan Bongino Show
Steve Schmidt: 100 Days Legislative Timeframe Is Racist
"Well, that kind of narrows it down. How did this guy get in front of the Canadian Parliament, folks? I have no idea. Liberals are so dumb. I But again, the point is everyone's a Nazi to the left except actual Nazis. here's what I mean. Cue up for me. Cut five. This is Steve Schmidt. This guy's just a clown. He's an A clown, a total A clown, if you know what I mean. This guy was a Republican grifter. He wound up losing just about single every campaign he was involved in got smoked. So now he figured he could grift off the MSNBC crowd. So he goes over to MSNBC and spouts out a bunch of nonsense talking points. Listen to how they work, though, because this guy's a modern day liberal, even though he pretends to be a Republican. Anyone who doesn't toe their line is a Nazi or a fascist, except actual Nazis. Take a listen. The people who are trying to tear down democracy in the country keep telling the rest of the country what it is they plan to do to such a degree that they have announced their plans six months into 2025 to have taken apart the whole of the federal government. Now, since FDR's time in office, the legislative metric in the United States has been 100 days, not six months. This is a racist code whistle to every white supremacist in the country because it's how long it took Adolf Hitler to take one Weimar to Germany a complete and total dictatorship. Folks, these people are freaking crazy. They are absolutely nuts. There's an actual Nazi up in the Canadian Parliament. They can't see that, but they can
Bloomberg Radio New York
"new germany" Discussed on Bloomberg Radio New York
"Will come to town the next day Republican presidential candidate Ron DeSantis is speaking out Ukraine on the story from Bloomberg's Jeff Bellinger DeSantis said he opposes NATO membership for Ukraine and he does not think it's in the national security interest of the US DeSantis said on the Glenn Beck program podcast that he does not believe the US should give a blank check to Ukraine unless it is using leverage to bring the war with Russia to a conclusion his comments came as Russian foreign minister gay Lavrov called Ukrainian proposals for restoring its pre -invasion territory realizable and said that if Ukraine's allies want war they can have it. Jeff Bellinger Bloomberg radio. Maui authorities today are expected to begin allowing the first residents and property owners to return to their devastated properties in Lahaina live from the Bloomberg interactive broker studios this is global news 24 hours a day powered by more than 2 ,700 journalists and analysts in over 120 countries I'm Michael Barr this is Bloomberg. The lack of reciprocity. The lack of reciprocity and level playing field from China coupled with wider geopolitical shifts have forced Europe to become more assertive. We stand at a crossroads we can choose a path towards mutually beneficial relations or we can choose a path that slowly moves apart where the shared benefits we enjoyed in recent decades weaken and fade. Mr. Dombrovskis really I've really grown to listen to the guy and like the guy a lot He he has been a public servant of the Baltic states and all the Baltic states and also Europe as well. He's European Commission executive VP and trade commissioner. He just works tirelessly. I think that this is a really different tone that we've heard over this time and I keep going back to Holger Schmiding where he was saying that yeah the European region may be willing to take some pain to really execute some sort of greater de -risking or decoupling whatever you want to call it with China. Good morning across America on radio on television futures at negative 10 down features negative 60 Brahmo and me holding court here in London eventful trip back thank you to all in London for a wonderful week. Pharaoh on assignment after his Daniel Levy Tottenham interview caused a firestorm his media said you can't leave now you know you know he's just got he's got such a role going that he's on assignment in also London looking at 3 ,000 square feet west of Mayfair I believe this morning right now we're going to pass to the delicacies that America faces in a fractured at Europe and that fractures sleep around a new Germany around a year up around Germany and of course all going this on with the war in Ukraine and the war with China. Bloomberg's Maria Taddeo briefs this in morning charge of all of our European coverage. Maria we got here in a After Merkel, as Dombrowski speaks, as all the others blather in Brussels as you deal with daily it's a change Germany after Merkel isn't it? It's a change Germany too but I'm happy you mentioned Dombrowski's because for an international audience you need to understand that this someone is who really knows how the European Commission operates. He's not the most animated. Some would say he's a little bit dry a change Germany. So obviously when he speaks people do pay and attention the tone in that speech you know when I heard that you wanted to talk about the speech I was very happy because this speech it really is quite something I mean you have to look at what he says. Essentially this is a crossroads for the relationship between the European Union and China and he talks about either we fix it or prepare to lose investment. Well okay but Maria the cutting edge to me and this is over the weekend folks a lot of really smart coverage of the South China Sea and the expansion of America's military might in a new way in the Trans Pacific that's not a European discussion. Maria is it just an economic discussion? Europe Is dealing in a trade vacuum versus the United States? No it is totally economic at this point and the number again the figure that really gets Europeans has to do with the trade deficits between the European Union and China and Tom it is growing almost every year it's almost now 400 billion euros and that is a number that really underpins this entire tone this changing tone really in a very big wave you read between the lines between the European Union I mean when you get the guy who handles a trade portfolio that goes to China four for days and say we have to fix the situation otherwise the European Union may not be as keen in investing in opening the market to China as we have been that is a very significant change in tone and again it all goes back to that number the Europeans are not happy with that trade deficit the question is of course what happens with Germany this is a country that has been the most reluctant they have been fearful at times about potential retaliation but also Tom you pick up a lot of different sentiment now in this condition and in this Commission that says the fact that we listened to for Germany so long that we were so fearful of China has prevented action that was valid and legitimate this is what we heard from Holger Schmiding that suddenly there's a willingness to take pain in the near term to de -risk his word decouple maybe somebody else's word with the Chinese economy how look for the time being not a lot and remember they actually agreed to that EV probe we should note it wasn't Germany that pushed for that probe it was Simon when my call in France that wanted this probe into the electric vehicle because he does believe it is the future of the sector but again beyond that for the Commission what they say now you should note also that
Simply Bitcoin
A highlight from THE INSTITUTIONS ARE COMING FOR YOUR BITCOIN
"There are forces currently at play that are looking to take every last single sat that you have ever hoped to dream to hang on to. Because Bitcoin is the scarcest, best asset that humanity has ever seen. And the powers that have trillions of dollars will entice you in whatever way they can to get that from you. You need to understand this because it is happening sooner than you think. My hope is that by the end of this video you understand scarcity a little bit better than you did before you started it. My true hope is that you will understand that fiat is garbage. It is comparable to sand. It is absolute trash compared to what Bitcoin is. Let me try and break this down in as simple a way as possible. Fiat can be printed ad nauseam. The powers that be can make as much of it as they want. There is no limit. There is no cap. There is nothing, no force at all that will stop them from printing as much as they want. And I don't mean actually printing. You might come and say, well, there's a certain number of trees there, Mr. Haddlesapian. Here's a challenge for you. Open up any sort of text document thing, word pages, notepad, whatever, and then press and hold nine and just sit there for the next 10 years holding nine. And they could make way more than that if they wanted to. They can make any arbitrary massive number that they want to. You've probably seen the pictures of the children in the streets of Weimar, Germany with stacks of paper currency, and that couldn't even buy them a loaf of bread. Fiat can be inflated, can be debased with no limit. There is no limit on that. And the individuals that are in control of the money spigot will print until the cows come home. They'll print as much as they possibly want. There is no stopping them. Here's another example. If you were interested in getting into an automotive stock, for example, Tesla or Ford, you might also look at rubber producers. Then you might even go a level beyond that. You might start looking at the transportation industries that move these various parts from one part of the world to the next, because Ford and Tesla are getting parts from all over the globe. So you might look at how those get around, and there's really no into this. And you can see BlackRock doing this already in many sectors. They have their finger in pretty much every pie that they possibly can, because some of those pies are going to really pop off. They're going to do really well, and they're going to make up for the losses that the other pies incur. But why get into energy or mining stocks or transportation or wires or conductors or any of these things if you can own the underlying asset yourself? Well, what you have access to is the exact same thing that the big boys have access to. They don't get any preferential treatment, and you might go, well, what about paper Bitcoin? What about all the rehypothecation, and what about the inflated... That's the thing. None of that matters. It does not matter, because you can take self -custody. And taking self -custody of your Bitcoin might be one of the, if not the most important things that you can do. And please, if you don't know how to take self -custody, reach out to the Bitcoin way and ask them. Schedule a free 30 -minute consultation call and get that handled. It might be the single most important thing that you can do in the Bitcoin space. The reason taking self -custody is so important is because once you have it, there is no rehypothecation that can happen. There is no flimflammery that can happen. There is no, oh, well, we thought we gave it. Didn't you already get it? Oh, well, we thought, oh, and then it went, oh, well, I guess you don't actually have anything. Oh, whoopsie daisy. We sold it to BlackRock and we don't have any left for you. That can't possibly happen. If you safely secure your seed words on something like the stamp seed and you have a foundation passport hardware wallet, there are many other options, but those are some of the good ones out there. If you do that, the only possible way that somebody could come and get that from you is if somebody offered you an enticing enough offer, they could say, hey, how about a million dollars? And you could say, no. And they go, how about a billion dollars? And you go, no. And you might think, oh, well, I would absolutely accept a billion dollars for this. Would you? Would you really? I certainly hope not, because in a world where billions of dollars are being thrown around to try and buy Bitcoin from people, then that means almost certainly that things have hyperinflated to astronomically absurd levels. Homes are costing trillions of dollars. A hamburger is costing hundreds of thousands of dollars. Your rent is higher numbers than you even want to think about. But that doesn't matter if you have the scarcest asset that has ever existed and you have it in your own custody. That is why I said some time ago, do not sell your Bitcoin to BlackRock. Do not sell your Bitcoin to anybody. Buy it and hold it and keep it and do not get rid of it for any reason. Period. It's really that simple. It's really actually that simple. I'm going to paint a very plausible picture for you here real quick. David Deutsch is a physicist and he wrote a book called The Beginning of Infinity. And in that book, he makes the claim, and it is a perfectly reasonable claim, that the only thing stopping us from doing literally anything that we want, it's the laws of physics and a lack of knowledge. If what you want to do does not break the laws of physics, then the only thing stopping you from doing it is a lack of knowledge. What this means is that at some point in the distant future, it is very possible, completely possible, that you could have something the size of this chapstick, send it out into space, into the depths of space where there is almost nothing, the absolute vacuum of space, it could start drawing in particles and build entire solar systems from that. That is possible. There is nothing in the laws of physics that says that can't happen. The only thing that is stopping that from happening is a lack of knowledge. The reason I'm saying that is because what do you think people will be using as money when we reach that state of advancement? Do you think that we'll be sending our chapstick sized Galaxy makers out there because we've got so much fiat in the system and everybody printed a bug disciplined billion dollars and blah, blah, blah, no, they'll be using Bitcoin because it is the scarcest, best money that has ever existed. So I end on this question. Do you want a piece of the monetary system that will allow you to buy entire solar systems or do you want Chuck E.
The Breakdown
A highlight from Could Oil and a Gov't Shutdown Screw Up Powell's Plans?
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Friday, September 22nd, and today we are talking oil, macro, everything that could throw the economy off. But before we get to that, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link at the show notes or go to bit .ly slash breakdown pod. All right, friends, well, we are sort of continuing the macro story today that we picked up around Powell and the FOMC this week. And one of the questions that Powell was asked was about risks that threatened to knock the economy off course. Two that he mentioned that we're going to spend a little time on today include oil prices and a potential government shutdown. Let's start with oil first. The price of crude oil has steadily increased over the past four months. From a low of around $70 in June, oil reached almost $90 a barrel for the US -based WTI benchmark contract and $95 per barrel and $95 per barrel for international Brent crude earlier this week. The price increase for crude has driven US gas prices back above $3 .80 per gallon, the highest level since last October. Overall, gas prices have ramped up by 20 % since the beginning of the year, according to AAA. Now, there are a number of factors all contributing to steadily increasing oil prices since the June lows. The first is OPEC+. The economic group of oil producing nations led by Saudi Arabia and Russia have recently curbed output. Production cuts, which were agreed to late last year, have been gradually implemented over the past six months. In July, Saudi Arabia voluntarily cut an additional 1 million barrels per day from its production quota, about 10 % of its previous output. Existing production cuts across OPEC have already been extended into next year and analysts expect Saudi Arabia to extend their voluntary cuts until March. On Thursday, Russia further constrained supply by banning the export of diesel and petrol. Russia is one of the world's largest suppliers of diesel alongside their status as producing around 12 % of the global supply of crude oil. The International Energy Agency said last year that Russian refineries produce, quote, roughly double the diesel needed to satisfy domestic demand and typically export half their annual production. Analyst opinions focused on the simplest explanation for the ban, retaliation for sanctions. Henning Gloestien of the Eurasia Group said, Russia wants to inflict pain on Europe and the U .S. and it looks like they're now repeating the playbook from gas and the oil market ahead of the winter months. They're showing that they're not finished using their power over energy markets. The Kremlin said the ban was temporary and aimed at addressing rising energy prices in domestic markets. However, they gave no timeline on when the ban might be lifted. U .S. and European policymakers have largely banned the importation of Russian refined fuel since February, which has required Russian supply to be routed through third party regions including Turkey, North Africa and Latin America. Now, OPEC cuts over the past year were predicated on a weakening demand profile heading into this year. At the time they were announced, recessions were expected across Europe and the U .S. China was an open question with the potential of reopening pushed back in the midst of additional pandemic waves. But since then, the European economy is sputtering along, albeit with dismal manufacturing data out of Germany. The sanctioning of Russian supply has caused European demand to be displaced to other regions with refining capacity, largely India and the Middle East. In the U .S., recession has been continuously pushed off into the future and oil demand is now back at all time highs with no signs of slowing. Although the Chinese economy has hit some turbulence recently, oil demand remains robust. Analysts expect China's oil demand to remain high as Beijing secures strategically important resources. What's more, analysts expect China's oil demand to remain high as Beijing secures strategically important resources in part to mitigate geopolitical risks as well as to shore up its manufacturing and transportation industries. So with oil prices spiking, many are wondering whether the White House will once again intervene in markets using the Strategic Petroleum Reserve. Between November 2021 and September of last year, the White House authorized a number of SPR releases. The final policy saw one million barrels per day provided into the market over six months. A small amount of oil was restocked earlier this year, but the SPR still sits at a little over half its pre -pandemic level. Earlier this week, a headline circulated proclaiming that quote, Biden says depleting SPR is on the table. This was later found to be a hoax with no legitimate source, but it demonstrates how difficult high oil prices could be for the U .S. economy heading into election season. To wit, many saw the SPR release as a political decision rather than an economic decision heading into the 2022 midterms. In the private sector, U .S. oil inventories have recently hit 40 -year lows of 46 -day supply, well below the longer -term average of 65 days. And while August's inflation reports already showed a small uptick due to oil -related prices, the effect is expected to be more profound across this month. Dario Perkins, an economist at T .S. Lombard said, That said, it is important to keep these recent inflationary developments in context. We are not yet in danger of undoing 12 months of solid disinflationary progress, not even close. Others suggested that high oil prices would have a greater impact on growth rather than inflation. Maya Bhandari, head of multi -asset at BNP Paribas Asset Management said, It really impacts the growth side of the Goldilocks equation rather than the inflation side of things over the long term. Theory is that sustained high oil prices begin to eat into disposable income for households alongside higher costs of production for manufacturing and logistics. These combine to reduce growth and potentially tip the economy into recession. Overall, this situation in the oil markets has, to some, many parallels to the liquid natural gas spike in the winter of 2022. Prices in some markets rose more than tenfold, European energy companies scrambled to secure supply at any cost, and multiple firms went bankrupt due to the volatility in markets. This week, Bloomberg reported that the trading arm of French supplier Total Energies has played a major role in bidding up the price of U .S.-based oil. Their source claimed that the firm is paying a premium for physical U .S. barrels, pushing the spread against futures to levels not seen since last November. With all of that said, there are some signs that the oil market is beginning to cool off. On Thursday, Brent crude futures fell to $92 per barrel, which represented the third straight day of price declines, which is the longest streak in almost a month. Warren Patterson, head of Commodity Strategy at ING, said the Fed's hawkish messaging has quote, put some pressure on risk assets, including oil. The dollar index has risen by 0 .8 % since Chair Powell left the podium, a large enough move to weigh on asset markets. Patterson said he still expects Brent crude to move above the $100 mark in the near term, but that he doesn't anticipate the move will be sustainable. So that is the view on oil overall. The thing that I am definitely going to be watching more than anything else is the political dimension of this. We are now entering the period where everything, even more than usual, is going to be completely wrapped up in what it means for the election season. If prices at the pump keep trending up, it seems very likely that the Biden administration will be willing to do what it takes, including SPR releases, to get those prices down. But that's just something we're going to have to keep an eye on. Now what about that other factor that Powell mentioned? Well yes, indeed, my friends, the US government is once again hurtling towards a shutdown after efforts to pass a short term spending bill were scuttled on the House floor on Thursday. House Speaker Kevin McCarthy attempted to marshal Republicans to vote through a package to keep the government funded past the end of September. Closed door negotiations continued late into Wednesday night, but were apparently unconvincing. The bill currently being considered is the $886 billion Defense Appropriations Act. The bill was stifled in the House after five GOP representatives refused to allow debate to begin by voting against a preliminary procedural rule. Democrats also voted against the measure and appeared to taunt Republicans apparently reveling in seeing the GOP's slim majority descend into chaos. Among the Republican dissenters was Marjorie Taylor Greene, who opposed the inclusion of $300 million in funding to the Ukrainian war effort. On Thursday, Politico reported that Pentagon sources have said Ukrainian operations have been exempted from any shutdown, making that part of the dispute rather moot. McCarthy sent House members home on Thursday night to return to Washington on Tuesday. He told reporters after the failed vote, quote, two people flipped, so I got to figure out how to fix that. That wasn't the impression they had given us. Now, this was McCarthy's third attempt at bringing the bill to the House floor. The current proposal on the table is a 31 -day stopgap funding mechanism to forestall a shutdown to begin next weekend. McCarthy remarked on the change in tone in Congress among that extreme element of the Republican Party, stating that, quote, this is a whole new concept of individuals that just want to burn the whole place down. Now, even if a 31 -day stopgap is passed in the House, it seems unlikely to make its way through the Democrat -controlled Senate. The bill includes a 30 percent temporary cut to domestic agencies and immigration law changes, neither of which are likely to get the seal of approval from Dems. Senate Majority Leader Chuck Schumer said instead of decreasing the chance of a shutdown, Speaker McCarthy is actually increasing it by wasting time on extremist proposals that cannot become law in the Senate. House Democrat leader Hakeem Jeffries remarked that the situation was playing out as a, quote, Republican civil war. Now, if it comes to pass, this would be the 11th government shutdown since 1980. The logic is that hard -line positions that don't enjoy support in the Congress can be put directly to the American people by shutting down the government and drawing attention to the impasse. Republican Ralph Norman said last week that, quote, we're going to have a shutdown. We believe in what we're doing. The jury will be the country. Still, the record on government shutdowns doesn't really support that strategy. Not one of the 10 previous shutdowns resulted in the dissenting group extracting concessions. Typically, the American people quickly turn on the party they view as blocking access to government services over a petty squabble. Alex Conant, a Republican strategist, said, This is such a dumb fight because there's no principle that we're standing on here. It's just bad tactics. While the dispute is nominally over excessive government spending, with Republican dissenters pushing for funding to be reduced back to 2022 levels, the underlying problem is, of course, the level of discord within the Republican Party. McCarthy was voted in as House Speaker after a record 15 attempts. The process took four days and frequently descended into a farce. This was only the second time in the post -Civil War era that a House Speaker had failed to be elected on the first attempt. Conant noted the terrible optics of a government shutdown of the Republicans' own making heading into election season, stating that, quote, Biden didn't win because of his political skills and soaring oratory. He won because Republicans blew themselves up with Trump. I'm afraid we're seeing history repeat itself, with the GOP once again helping Biden by shooting themselves in the foot. Of course, never one to shy away from controversy, Trump fanned the flames on Wednesday, posting that, quote, Republicans in Congress can and must defund all aspects of Crooked Joe Biden's weaponized government that refuses to close the border and treats half the country as enemies of the state. He added that, quote, This is also the last chance to defund these political prosecutions against me and other patriots. They failed on the debt limit they must not fail now. Use the power of the person to defend the country. Now, zooming out and trying to get away from the politics of the situation, which obviously is not the focus of this show. The reason that this was brought up at last week's FOMC press conference is that a government shutdown would halt the publication of government data. This would include employment, inflation and growth statistics, which are currently playing a key role in guiding Fed policy. Now, given how much the Fed has said over and over again, their policy is going to be driven by data, presumably not having access to that data would be a fairly big deal. Yet in spite of that, Powell tried to put on a brave face, saying, If there is a government shutdown and it lasts through the next meeting, then it's possible we wouldn't be getting some of the data that we would ordinarily get and we would just have to deal with that. Now, by way of some history, the longest ever government shutdown lasted 35 days. The dispute was around funding for the border wall and quickly turned public sentiment against the Trump administration. Republicans controlled both the House and the Senate, but the administration failed to convince their own party to fund the wall. At the time, Democrat Senator Jon Tester called it the most stupid shutdown I have ever seen in my life. However, if this week's display is anything to go by, that 2019 shutdown could soon have some competition for that title. Now, what does this all have to do with the crypto sphere? Well, I think in many ways these are just exemplary of the state of politics in general. And given that, perhaps it's not surprising that former Senator Pat Toomey is not optimistic about the chances of crypto legislation being passed during this Congress. Just prior to retiring from Congress at the beginning of the year, Toomey introduced his own crypto bill, which focused on stablecoin regulations. Now, the House currently has two major crypto bills eligible to be brought for a vote. One would establish a stablecoin framework while the other introduces more broad crypto regulations. While speaking at a Georgetown Law Seminar on Thursday, however, Toomey said, I don't see a path forward in the Senate regardless of how the vote goes in the House. He added that of the two, he sees the stablecoin legislation as having the best shot. The sticking point will likely be Senate Banking Committee Chairman Sherrod Brown. While Brown has been outspoken about the risks of crypto and the need to bring the industry to heel, he has so far remained extremely quiet on exactly what form of legislation would meet his approval. And of course, any crypto legislation would need the support of Democratic senators to pass a vote to become law. Still, during an interview on Thursday, Coinbase Chief Policy Officer Faryar Shirzad said that she thinks that Brown's lack of commitment to a legislative position might actually be a good thing. Shirzad said, Now, last week, Brown wrote a letter to head regulators at multiple agencies urging them to use their existing powers to crack down on non -compliant crypto firms. This of course seems to be the clear intention, at least at the SEC. On Tuesday, the head of that agency's crypto assets and cyber unit, David Hirsch, warned that more enforcement actions would be coming against crypto intermediaries, including DeFi protocols. Still, Toomey, who serves now as an advisor to Coinbase, views stablecoin legislation as the solvable problem. At the moment, Democrats are pushing for the Fed to serve a central role in regulating issuers rather than granting oversight power to state regulators. This preference is believed to be driven by the White House. Toomey said, He thinks that senior Democrats will get on board once the White House is satisfied with the stablecoin proposal. Although that proposal might have to wait until after the election, as Toomey said in the next Congress, I think it's quite possible to get something done.
The Financial Guys
A highlight from Growing Unease: Current Administrations Approach to Security and Travel with David Bellavia
"What do you think they're doing with cash, right? What deal do you make where someone says, I'll bring a box of money to you? Yeah. What do you, it's, this is a state sponsor of terrorism. Ladies and gentlemen, distinguished guests and my fellow citizens. America's comeback now. starts right Welcome back Financial Guys podcast. Mike Speraza in studio live today with a guest in the studio. I haven't had this in a long time. Staff Sergeant medal of honor recipient David Bellavia joining me for about a half hour today. David, thank you for joining us. Thank you for having me. I appreciate it. Absolutely. So I'm going to stick based on your background. I'm going to stick with a lot of military stuff today and I want to start, we'll go all the way back to the beginning of the Joe Biden presidency. The Afghanistan withdrawal, in my opinion, did not go very smoothly. I'm sure many people listening agree. What were your overall thoughts of that withdrawal and how it actually ended up happening? I know we lost, you know, sadly lost 13 soldiers in that, in that withdrawal. People say we went off the wrong air base. People say that we shouldn't have gone out in the middle of the summer. There was a lot of different things there. What were your overall thoughts on that? I think it's like the worst day in American history since Market Garden. Just absolutely. And the reason why it was so difficult was it was totally unnecessary. So let's rewind to the Obama trade, Bull Bergdahl and the three first round draft picks. They get Marshall, they get MacArthur and they get Patton that end up the resurgence of the Taliban. These men not just go back to the enemy, they go back to the battlefield. They're in power when the government falls. You have misinformation coming from the White House that the president of Afghanistan is leaving with billions of dollars on his plane, which wasn't true. And then you leave the equipment, the cash. There's no recovery. We're getting reports of sales of American equipment left in Afghanistan in Southeast Asia. We're moving material across the globe. Our children will fight and pay and have to atone for these miscalculations. Let's talk about that. You being in the military and you knowing that area too, why did they just find it the easiest way out to just say, you know, just leave that billion dollar billions of dollars of equipment there and not think, again, if it was me and I'm speaking that someone that's never been in the military, but if it's me and I'm the president, I'm thinking, OK, I don't want to leave all our weaponry there. I don't want to lose any of my men. Number two. And number three, I want to make sure that everybody knows when and how we're getting out of there. And it just felt like poof. One day they said we're getting out of here. Well, it's because the military didn't make any of those decisions. I mean, look, Millie, it can criticize him. You can criticize Secretary of Defense worthy of criticism. However, none of these individuals are making decisions. This is about NGOs on the ground. This is about the State Department. So you've got Bagram Air Base, the equivalent of JFK. You've got Karzai International Airport, the equivalent of Teterboro. Right. Why would you ever do an exfil out of Karzai International Airport? It makes absolutely no sense. It's tactically unsound. But and then you've got all the ISIS -K. We retaliate from the murder of 13 of our bravest and we drop a bomb on a guy delivering water. He's on our payroll and we kill children on that. Then we take out Borat on a tuk tuk driving around like that wasn't even really what was happening. It's just a den of lies. And Tony Blinken and Jake Sullivan, all the heroes that brought us, you know, the Bergdahl deal, the Iran nuke deal. This is these. They the State Department is running all foreign policy, including what the DOD used to run. Well, that's I was going to say. I mean, I know Biden's the president, but do you blame him at all or is it everybody underneath him that, you know, maybe was giving him bad information? And again, some of these decisions, David, is Biden even involved in some of these decisions? Like, I don't even know anymore. Is he around? Is he paying attention to anything going on? Well, I mean, just from the press conferences, it was apparent he didn't know what was going on. And the great irony is that they actually were predicting that Ukraine was going to be invaded and, you know, no one believed them. So it's like you can't influence your friends. The allies don't trust you. The enemy doesn't respect you. You know, I mean, you've got Ben Rhodes is really proud of this State Department. Susan Rice loves what they're doing. But, you know, again, Americans died. And, you know, and what is the perfect culmination of the adventure in Afghanistan? Looking at your watch at Dover Air Base when bodies are coming home. I mean, nothing could you couldn't ask for a just it's it's a debacle. Yeah. And it's sad that that's that's the leader of our country there. Let's move in. You brought up the Ukraine there. So the Russia Ukraine conflict will get to Zelensky in a minute. He is as we speak in New York City right now. But so Trump's in office. We don't see many of these conflicts or any conflicts actually started under his watch. And then we have the Biden administration come in. And a year later, we have Russia invading Ukraine. Why did this happen and why? Why the timing of February of 2022? So let's go back to when we were fighting ISIS. Trump engaged and destroyed estimated some say 300 members of Wagner forces. But those were Russian nationals. We engaged. We destroyed them. What was the response from Putin? Nothing at all. So what do people in that section of the world, Eastern Europe, the Middle East, what do they respect? They respect power. They respect authority. You're not going to get any respect if you don't engage the enemy when they present themselves. I don't understand the calculus of again, I'm trying hard to figure it out. I don't get it. I don't. You know, Romania and Hungary and Poland, you're letting them unilaterally decide whether or not they want to send reinforcements into Ukraine. That's an act of war. If NATO members engage the enemy, all of NATO is engaged against the enemy. Poland doesn't unilaterally make that decision. Hungary and Romania don't unilaterally make that decision. We can't even articulate what the mission is. And if you look, go to the Institute for the Study of War, there's a plug for them. Check out their overlay from when the battle started, when the war started with Russia. And tell me what success this offensive in Ukraine has produced. I mean, let me ask this question, because I get confused. The answer is nothing. I asked this on Twitter, X, whatever it's called, all the time. What is the end game and how do we get there? Because all I see the answer is, hey, just blank checks. Hey, just write a check. Hey, here's a billion. Hey, here's 20 billion. Hey, here's another 10 billion. I don't actually see a look. I mean, like anything, right? If I write a business plan of what I want to do in 2024, my goal is X. I write down my steps to get X. I don't just write down X and say it's going to happen. I don't really know. And then the answer always is, well, we have to fight. We have to back Ukraine. Okay. But when does that end? Because the Afghanistan war and the war in Iraq lasted 20 years plus, right? And was there a real end to it? I don't know. That's where it gets frustrating for me, Dave, where I'm like, how do we know what the end game is? Do you win or lose? When does that happen? I don't know. I don't know. At least you're thinking about it. And I have fear that our leaders aren't, and that's the problem. So here's what this comes out. You're going to get a negotiated settlement out of Ukraine, right? But you talked about the billions of dollars that we're spending and giving to Ukraine as a blank check. First of all, Zelensky visited Ukrainian soldiers in the United States. Did you know that there were wounded Ukrainian soldiers in the United States? I did not know that. Well, today he visited them. So what's happening there? So that's a cost that no one is putting on the ledger. So now let's look at the blank check that Ukraine is getting. And by the way, I'm pro Ukraine. I want to fight communists all day and night. So let's punch Putin hard in the face. However, you're giving them a blank check and you're giving them munitions. Now here's the problem. We have to replace those munitions. Those munitions were purchased for 20 year global war and terror. And let's be honest, inflation is involved. So what you purchased for $10 is now $17. So you're not just giving them the money. You're giving them the equipment and the munitions that you have to replace yourself at the value of what is valued today. We haven't scratched the surface for the amount of money. CBO absent at the wheel. No one is tracking this. 2024 can't get here fast enough. How does this work, though, when you talk about some of these NATO nations coming together and making decisions, but us not just giving weaponry, giving everything money, whatever we're giving there? Is that not an act of war, too, though, David, at some point? We're continuing to fund Ukraine continuing the war in Ukraine. I mean, that to me seems like we're backing a war. Well, I mean, by the letter of the law and NATO charter, it's not. But here's the problem. It's schizophrenic because we were told that what was an offensive weapon was going to mitigate, you know, that wasn't going to help peace at all. So we went from, I don't know if they should get tracked vehicles to I'm not sure an artillery piece is what they need to high Mars rockets being launched. And let's be honest. I mean, the Ukrainians are I mean, the payload that they're going through, what you would have to have cataclysmic casualty numbers to be able to to the spandex that they're doing on the ground that they need to replace Patriot. If you're going through thirty five Patriot to, you know, missiles, I would expect to at least the C 20 makes that are shot down. They're using them for air artillery. They're using there for indirect fire. I don't know what they're doing, but this is going to end with Don Boss going to Russia. This is going to end with that land chain that Putin wanted through Crimea. And again, our friends in NATO, what are they even doing for Ukraine? What? Look, if you they said that Trump wanted to kill NATO, Biden did it. Right. Biden did it. And now Germany. And so Putin was selling oil at thirty dollars a barrel. What's it at ninety six? Yeah. He's making more money than he did before. And he's financing a war and killing innocent people. You mentioned before, too, and I think this is a good point. Everybody on the left and I'll say the media, the establishment, whoever you want to say, says that if you don't agree with the war in Ukraine, you're like pro Putin. Right. And that's just the most outrageous thing in the world, because I agree with you. I feel for the people of Ukraine. I don't want this for them. I don't want this for innocent people. However, at some point, the world's every every one of the world's problems can't be America's problem when we have a border crisis. And then I think they said yesterday ten thousand people came across. They got, I think, eight thousand of the ten thousand. But you see the numbers day over day. It's a problem. We have crime that's rampant. We have overdoses that are at record numbers. We have we have suicides at record numbers. At some point, we have to maybe just think about ourselves and not everybody else, because if we fall, sadly, I think the world falls at that point. Amen. The thing that I would add is I love the way the Ukraine refugee has been crowbarred into the migrant crisis in the United States. New York leaders from the city to all over Kathy Hochul, the governor of the state of New York, mentioning that, you know, like the Ukrainians in Poland, the the Polish have no intention to keep Ukrainians forever. That's a temporary you know, they're leaving a conflict to return to their country after the conflict is over. Again, this is just we're we're putting a round peg into a square hole and just hammering it away. But but there's no the media. There's you're our destroying military. I go to parents all the time around this country and ask them to give us their sons and daughters to join the military. And the one thing they bring up is Afghanistan. It's not about anything. It's Afghanistan. How are you going to assure us that you're going to maintain your commitment to our son and daughter when you betrayed us in Afghanistan that has lasting effects? And there's not a I'm trying to find a segment of our of our of our nation that's functioning. I don't know what it is. I saw in Chicago, they're going to have municipally owned grocery stores. Maybe that will figure it out there. Yeah, yeah, it's good. Real quick, do you think and we'll finish up on this topic, but do you think that they will we will ever have boots in the ground on Ukraine? I mean, I hope not, because I just don't know what the I mean, look at I'm I'm we're getting ready for China. We're trying to revolutionize everything. I don't know what the what the plan is. I mean, again, if you want to put a base in Ukraine, and you want to make that a sustainment operation going forward, that I here's the point. I don't understand what the inactive ready reserve call up was for. Why are you bringing those troops in the non combat support? Why are they going to Ukraine? What are you building infrastructure there? Here's what I do know. We're talking a minimum of $11 trillion to build Ukraine back. That is cataclysmic amounts of money. There isn't water, electricity, internet, you know, you want to help Ukraine. You're going to Russia is not paying for that if you negotiate a settlement. So I don't know what the plan is. But I hope we never see boots on the ground. I could guess what the plan is. I won't I won't say for sure. But I could guess that we'll be paying a chunk of that. And I do have one last one. So I did interview Colonel Douglas McGregor a few months back. And he talked about he's a real optimist. But he is really very, very bullish on Ukraine. Yes, very, very optimistic. I'm dropping some all over the place. But he brought up some staggering numbers, though. And even if they're half true, it's a problem. The amount of casualties and wounded soldiers on the Ukrainian side that we're not hearing about the media. I don't know if you agree with some of those numbers or not. But he's saying, I mean, it's people are acting as if this is an even war right now. And it's not even close. First of all, McGregor's a stud. I mean, he's an absolute, you know, that we're glad he's on our side. He's a military mind. I don't know if those numbers are accurate. I could tell you they're juxtaposed to almost everything we're hearing from every institution that we have, including a lot of our intel from Germany and England. But again, I don't know what to believe. So when you don't have when you don't have transparency, when you're not holding regular press conferences, when your Pentagon spokesman is now working in the White House and now you're getting a triple spin. I mean, the U .S. Open double backspin. You've gotten so many spins on the narrative. I don't know what to believe. But if he is even close to what is a segment of truth, you know, then look, Ukraine needs an investigation. There's a lot of investigations. We've got to start on Afghanistan. We were promised that by Speaker McCarthy. We need a hot wash on Afghanistan. And then we need to go to what who is oversighting the money that's going to Ukraine. And what have we got for our return on investment? Yeah, I'm not asking for much. Really, all I'm asking for in this conflict is can we just talk about what the end game is? And to your point, can we get an accounting of where the money's going and what's being spent in a real accounting of it? The Iran deal that just happened last week. First off, the fact that that was negotiated and completed on 11th September to me is just the ultimate slap in the face. But you again, you know more about this than I do. We do a five for five trade. OK, I'm going to use sports analogies. We trade five for five. And then we also approved of six billion dollars that apparently wasn't ours, but it was in a fund that now they can release to Iran. How are we winning on that one? Well, first of all, I was hoping that at least it was a digital transfer. The fact that it went as euros in cash through Qatar. And OK, so what happens the 24 hours after that deal is made? We're now getting issues in the West Bank. We're now hearing about issues in Yemen. We've now got Hezbollah that's reinforced. I mean, look, what do you think they're doing with cash? Right. What deal do you make where someone says, I'll bring a box of money to you? What do you it's this is a state sponsor of terrorism. They haven't changed. By the way, their president is now in New York City addressing the United Nations. This guy's killed 6500 of his own people. He admits to it. He killed the students that revolted and wanted democracy when we did nothing. He killed 5000 of his citizens in 1988. He's killed over 300 Americans. There's no accountability whatsoever. I don't understand what it is about Jake Sullivan and Tony Blinken that believe that Iran is a partner. All you've done 10 years ago, they were refining 10 percent of their oil. And now they're a force. Now they're working with Maduro in Venezuela, and they're a huge part of their members of of the international community. They're in good standing there. I don't get it. Does anyone believe that the Iran nuke deal? Look, we got hit with cruise missiles under Trump in Iraq. How did they have those cruise missiles? Those cruise missiles were illegal under the Obama nuke deal. So how are you refurbishing missiles in two years? Do we believe that their centrifuges have stopped? That they won't have a program if they don't have one already? No, I mean, I guess my question, David, is how I mean, I know that you pay a lot of attention to this stuff, but how do people like in the media not ask these questions? Right. I mean, these are legitimate. I mean, we just traded to I put this on my notes here. This is on the heels of trading a WNBA basketball player for the Merchant of Death like six months ago. Right. I mean, and again, I'm glad Americans are coming back to America. I don't want to sound pessimistic on that. That's great news. But we also I mean, this this stuff just seems like I don't care what side of the aisle you're on. It warrants questions, but nobody seems to care. I'm in the world that if you take hostages, we take hostages. You want to exchange people? We'll exchange people. You know, we definitely have the partners in the area to do that. For whatever reason, this administration, they're they're they're contrarians. They're contrarians to you know, they claim Bush and Cheney are their best friends, yet they just go 180 degrees from that doctrine. I don't know what the Biden doctrine is. I don't know what Bidenonomics is either, but I could tell you that they believe that Iran is a partner. Now, here's another thing. Our envoy to Iran not only is no longer the envoy, he doesn't have a security clearance. Does anyone curious at The New York Times as to what happened to the lead negotiator in Iran that is escorted off a bus, taken into American custody, given a job at Yale or Princeton or wherever he's working now? I've never heard of a person going from top secret classified negotiations to no clearance whatsoever and in the custody of American intelligence community. No one cares. No one cares at all. It's fascinating. And again, for me, I mean, these are big decisions that we're making. And correct me if I'm wrong, but it used to be, you know, maybe we did a two for five deal and then we made the six billion. Now we're like, we're giving stuff away and we're on the losing end. Correct me if I'm wrong, but America was never, you know, America losing. It was always America winning, right? America getting the best of deals. At least McDonald's has a five for five. We didn't even get that. You know what this does though? Honest to God, if you're thinking about traveling overseas, things go sideways, cartel, South America, Mexico, wherever you're going, you have a price in your head now. No one in their right mind is going to bring you back whether it's Haiti or wherever you are, you're worth $1 .25 billion. And thugs and scumbags are going to take advantage of that. I mean, that's a great point too. Do you think about leaving the country? I don't know anymore. That's a little bit concerning. I don't care where you're going, right? That's concerning. This one I just had to bring up because it happened two days ago or yesterday. How do we lose a plane? And I heard that's like a third one in the last six weeks that something like this has happened. How are we losing $80 million planes? Well, they're not $80 million anymore because they've got a new engine and all this other stuff. Look, the F -35 program is a complete disaster. You want to talk about why our allies think we're crazy. We sold them a plane. This program has been around since the early 90s and we've got nothing on return for it. So basically two planes are flying in a buddy team. They're doing training and a guy punches out. We don't even know why he punched out, but that plane could have easily hit a building. It didn't, thank God. But the wingman didn't follow where his buddy went. So what is he doing? He just kind of went on and did his own thing. And now the Marine Corps put a Facebook post like a dog is missing. We're expecting the Ukrainian farmers to carry the F -35 out with their tractors. I don't know what the point of it's wild. Look, stop embarrassing us. Just stop humiliating us. That's all I'm asking. Just be the army and the Marine Corps that we know our men and women are capable of being. Get out of their way. This gender garbage, this social experiment nonsense, stop humiliating our military. That's all I ask. Why can we not get the... I mean, I know why we can't get the answer, but I'm asking this to you. But why can't we, at a press conference at the White House, why can't we say, I want to talk to the guy that was in the other plane, or you can tell us the transcript of what happened when that happened. Talk to the guy who jumped out of the plane. Why did you do that? And again, I'm not trying to put our military on the spot, but these are kind of big questions to ask, right? I mean, if I do something in my business, I have to go face the music on that. Why doesn't everybody have to face music for their decisions or why things are happening? I think it's kind of important. Well, you don't want to talk to generals because they're going to tell you the truth and they won't be generals anymore. True. And you don't want to talk to enlisted people. Because look, I mean, let's be honest. How many people are... Is this a merit -based military anymore? Do we have a meritocracy? Are we promoting people based on pronouns? Go figure. When we're putting politics above military strength, accidents happen. We don't know the facts, but the fact that nobody cares about getting to the bottom of it, the day of the Pentagon paper reporters are gone. Yep. Yep. Let's just talk about the 2024 race quick, and then we will wrap up for today. So your thoughts on the Republican primary so far, I'll stay away from the Democratic side till the very end, but your thoughts on, you know, there's obviously Trump who is now in a, has a huge lead. Ron DeSantis seems to be crumbling underneath himself. Vivek Ramaswamy has jumped up in the polls. Nikki Haley's there. Tim Scott's there. A few others that probably aren't going to get a lot of votes. Chris Christie's the anti -Trump candidate. Mike Pence is, I don't know what Mike Pence is. I'm not really sure. Your thoughts about the whole field so far? I mean, look, it's impressive. They've got a deep bench. There's a lot of diversity. I, you know, none of it matters. Trump is the guy. The more you indict him, the more you empower him. You know, I'd like him to work on his communications a little bit better. You know, but if Trump is Trump, Trump is a Frankenstein monster of Barack Obama. As long as you have that faction, you're going to get, you know, Trump is going to be empowered. I just don't want to see Governor Noem anywhere near the White House. And I, if he's going to pick a running mate, you know, it's hard to find an ally here, you know. But it would be nice to find a governor. I don't want to take anyone from the Senate. I don't want to take anyone from the House with the margins that tight. But I mean, the idea that Governor Noem is being floated right now. I mean, I'd rather take North Dakota. Yeah. A little sled there. You know, it's funny you mentioned that because I saw a lot of that this weekend. I mean, can we just, for lack of a better term, keep it in our pants for about a year and then do what you got to do? It really is. I mean, every time you turn, somebody's doing something idiotic, whether it's Boebert. And again, I say this, David, a lot of people know who you are. A lot more know who you are than they'll ever know who I am. But when you go out in public into a movie theater like that, and I'm going to Boebert, not Noem for a second, you're, you're extremely well known. I don't care if it's dark or if it's as light as it is in the studio right now. What are you thinking? I, you know, she's, she's, she's an embarrassment. She is. She's bad, too. Who would have thought that Marjorie Taylor Greene would have been the, the oasis of the Maryland? I mean, seriously, I, again, you're, you're in Congress every day. You're out in public, you're on the job. You know, at least she wasn't wearing a hoodie, you know, that's all in shorts. She was at least dressed for the occasion, but I, it was, it's wildly embarrassing. Vaping, singing, whatever you're doing. Getting groped. Yes. Who is your VP candidate then? Because I think, you know, you have names thrown around. There's, there's, the vague has been thrown around in there. You know, Byron Donald's has been thrown around in there. Carrie Lake has. I don't know. I love Carrie Lake. I just don't know that Trump needs to go with somebody so divisive there. I think he's got to go with somebody that's, that's firm in their beliefs, but also not maybe going to turn off half the country. Well, you know, it's, it's impossible. One of the, one of the problems with making Trump, you know, the, the enemy of the state that the left has done is that you've really made it difficult for him to even put a cabinet together. You know, I mean, what are you going to do with it? You've got a lot of loyalists out there. You know, the vague is, is I think maybe the most intelligent dynamic candidate we've ever seen run for president, but experience does matter. But you know, I love the way he thinks. I love the movement. I don't know if he would even take the job to be honest with it. I don't think he needs it. But you look at a Tim Scott, I think Tim Scott is, you know, there's a whole lot to his message and I think he's, he's got the experience in the Senate, but honestly, you could literally take the Clint Eastwood chair and, and throw it in there as vice president. I'm going with that because this, this from top to bottom, we have to have seismic change in 24. Do you think he would ever choose Kristi Noem at this point with all that now? Yeah, no one knew Mike Pence was a, was a 24 hour story and then he was the vice president candidate. So who knows? I mean, a lot can happen between now and then, but I just, I don't need, you know, let's just pick people on their merit. Let's pick people that are ready to be the president. Imagine this, imagine picking a vice president that can lead the country. If something happens to a 75 year old president, you know, like Kamala Harris. Yeah. Someone like that.
The Eric Metaxas Show
A highlight from Mike Signorelli
"Trump calls Florida heartbeat bill a terrible mistake, and Mike Pence talks war with Russia. So I think if you will allow me to speak critically of Donald Trump for five minutes, I will speak critically. No, no, no, no. Look, you know, and I know, everybody listens who to this program knows that I don't think Trump is perfect. I think he ought to be the next president. And I think that, as you know about me and about many people listening to this program, that we are radically pro -life. We think it's a moral issue. And I think that Trump has made, I think he misspoke. I think it was, I don't know. Well, talk about it so people understand what we're talking about. Donald Trump went on face the nation and said that the heartbeat bill Ron DeSantis bravely signed in Florida was a terrible thing, a terrible mistake. And he said that he wouldn't commit to supporting any kind of federal restriction on the taking of unborn life. And he said with characteristic real estate bravado, well, I'm going to have policies that are going to make everybody happy. Everybody's going to walk away happy from the table. That is not how things work. When you're talking about life and death issues, Mr. President, that is how things might work. If you're negotiating over ownership of a golf course. All right. All right. Each of you is going to get nine holes. Okay. You'll each get nine holes. It's wonderful. You got, you've got half a golf course, half a loaf is better than none. But we remember from the story of Solomon, half a baby is not better than none. In this case, we're talking about cutting the baby in half. Literally we're talking about should abortion, should the pro -life position be, we want a bad abortion after maybe 15 weeks, which would only get rid of maybe 8 % of the abortions in America. If that's the pro -life position, it's not worth a damn thing. That's the law in Germany. That's the law in France. That's the law in Belgium. All these countries where euthanasia is now taking over. Having a 10 week, a 15 week abortion ban solves absolutely nothing. It just means the women who are so dopey, they don't even know they're pregnant until like 18 weeks won't be able to get abortions. That's all it means. He's really just punishing the stupid. It's not saving a significant number of babies. I don't know who Trump is getting his advice from on the abortion issue, but they're not on our side. They are like the Jared Kushner. They're not on our side. What Trump is saying is a complete loser position. It's like saying we're going to build the wall. We're going to build the wall with the Mexican border, except every 20 feet there's going to be a gap. We'll get most of the wall built. There'll guess who will come. I think a couple of things need to be said. First of all, I already said it. Trump is not perfect. So he often has done things that I think are harmful to himself. And saying that I think just politically is a mistake. But we also have to say without a doubt he has been the most pro -life president we ever had in this country. Because of him and standing up for Kavanaugh, Roe v. Wade was overturned. I want to remind people of that. I also want to remind people that he spoke at the March for Life. No other president had done that. And so right now, I guess I find everything with him, not everything, but a lot of stuff just funny. It's almost like he'll say anything Ron DeSantis says, he'll say the opposite. I know. You could be triggered and tripped into that. And it's his Achilles heel that whatever Trump, whatever DeSantis says, Trump will somehow try to spin it. Trump even said that Andrew Cuomo did a better job on COVID than Ron DeSantis. That is literally the most insane thing any American politician has said since Jefferson Davis said I want to secede from the union. It's up to that level of crazy. But Trump, I mean Trump does this stuff for effect. In other words, for political effect to drive people crazy. That's why I guess I find it at least partially entertaining that he'll go out on a limb and say something like that just to trigger DeSantis. The problem is this stuff isn't cute. There were thousands of people murdered in those nursing homes in New York. Abortion isn't cute. This is not something funny. This is not like letting Jared and Ivanka turn the White House into their own little party hut. This is really serious. And our only leverage over Trump is right now during the primaries. If he gets the nomination, he can do whatever he wants because he will be elected president unless they assassinate him, which I do not put past that. I do not put that past the deal. Oh, I know that there have been attempts that we haven't heard about, but obviously they would do anything to get rid of him. We have our leverage now, especially before the Iowa caucus. Trump needs to be told if you keep saying this weak, rhino, wimpy garbage about abortion, maybe we'll hold our noses and vote for you against Joe Biden because we don't want to be put in prison camps. But we're not going to go to the mattresses for you. We're not going to go to the wall for you. We're not going to be fanatical, devoted supporters. We will hold our nose and vote for you the way we held our noses and voted for George W. Bush. Do you want to be the next George W. Bush? Well, no, John, I think it's worse than that. I think what will happen, what will happen is many evangelicals, pro -life evangelicals simply won't vote, which I think is an unbelievable mistake because they feel it's principled not to vote for Trump because he said this about what DeSantis's view. On the other hand, let him think that and maybe it's true and let him act accordingly. It's like if we are so on the reservation, Eric, that they know they have our votes no matter what they do, the Republican Party will keep treating evangelicals and pro -lifers the way the Democratic Party treats blacks. That is, you have no choice where you're going to go, take whatever scraps we throw you. So no, I think it's good. Let him be a little afraid that we will go off the reservation. No, that's why I just said that. That's why I just said that. In other words, I actually believe that that's true because when you look at what happened in the last number of elections, there are many evangelicals who are so pious in the negative sense that they would say, I'm just going to sit home and I'm not going to vote because Trump had three wives and I'm going to let Hillary Clinton or Satan or Adolf Hitler take over America because I'm so pious that I won't pull the lever for somebody who doesn't agree with me on everything or who puts out mean tweets or says things I disagree with. That is effectively how we got Biden because we didn't have a serious situation that we're in. On the other hand, Mike Pence is saying that unless we give long range missiles to Ukraine so it can kill lots of Russians, we'll have to go to war with Russia because it will invade Poland. So in order to avoid war, we have to fight a war. It's exactly what George W. Bush said about Iraq, that we have to fight the terrorists over there so we don't have to fight them over here so they won't do 9 -11 again. Now we know now Iraq had nothing to do with 9 -11. It had no weapons of mass destruction. So he lied us into the Iraq war. In Vietnam, they told us we had to fight the Vietnam war so that the communists wouldn't take over Japan and then Hawaii. The whole domino theory is something that warmongers and the military contractors they work for, they whip it out every time they want to get us in a useless war. They say, well, remember Neville Chamberlain? Remember 1938? And I always say, remember August, 1914, when they blundered into World War I and destroyed all three of the main governments involved in it, all based on nothing, based on lies, based on garbage. Sometimes it's November, September, 1938. Sometimes it's August, 1914. And you're the idiot warmonger about to plunge the world into destruction because of your silly fantasies private about being a big man. Mike Pence is one of those warmongers and he's very dangerous right now. There's never enough time to talk to you, my friend. We'll get you back as soon as possible. Thank you, folks. We'll be right back. Thank you. For 10 years, Patriot Mobile has been America's only Christian conservative wireless provider. And when I say only, trust me, they're the only one. Glenn and the team have been great supporters of this show, which is why I'm proud to partner with them. 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Audio
A highlight from DC28-Hildegarde-pt1
"Discerninghearts .com presents The Doctors of the Church, the terrorism of wisdom with Dr. Matthew Bunsen. For over 20 years, Dr. Bunsen has been active in the area of Catholic social communications and education, including writing, editing, and teaching on a variety of topics related to church history, the papacy, the saints, and Catholic culture. He is the faculty chair at the Catholic Distance University, a senior fellow of the St. Paul Center for Biblical Theology, and the author or co -author of over 50 books, including the Encyclopedia of Catholic History and the best -selling biographies of St. Damien of Malachi and St. Kateri Tekakawisa. He also serves as a senior editor for the National Catholic Register and is a senior contributor to EWTN News. The Doctors of the Church, the terrorism of wisdom with Dr. Matthew Bunsen. I'm your host, Chris McGregor. Welcome, Dr. Bunsen. Wonderful to be with you again, Chris. Thank you so much for joining us to talk about this particular doctor of the church who, it's rare, isn't it, in our lifetimes to have those saints elevated to the status of doctor who have quite a background like St. Hildegard Bingen. Yes, well, she is, of course, with John of Avila, one of the two of the newest doctors of the church proclaimed as such by Pope Benedict XVI, who has, I think, a special fondness for her. And as we get to know her, we certainly can understand why he holds her in such great repute and such great respect. It's easy to overlook the fact that in her lifetime, she was called the Sybil of the Rhine, and throughout that, the whole of the 12th century in which she lived. She was renowned for her visions, but she was especially loved and respected for her wisdom, the greatest minds of her age, and, of course, was renowned also for her great holiness. So this is a formidable figure in the medieval church, and somebody, I think, that we really need to look at today as we proceed with the reform and renewal of the church. I'll try to put this very sensitively when I say that her presence in our time is one that, unfortunately, was relegated maybe into a back corner by many because of those who tried to hijack, in some ways, her spirituality to try to move forward to certain agendas. Yes, I think that's a very diplomatic way of putting it. Hildegard, in the last 10 years or so, and Pope Benedict XVI, I think, helped lead the charge in this, has been reclaimed by the church. Her authentic writings, her authentic spirituality, and especially her love for the church and her obedience to the authority of the church have all been recaptured, reclaimed for the benefit of the entire church. It's absolutely true that over the previous decades, much as we saw with a few others, I'm thinking, for example, of a Julian of Norwich in England who lived a little after Hildegard, were sort of kidnapped by those with real agendas to try to portray Hildegard as a proto -radical feminist, as somebody who was hating of the church, who attempted to resist the teachings of the church, who rejected the teachings of the church. And yet, as we read her, as we come to appreciate her more fully, I think we can grasp her extraordinary gifts, but also her remarkable love for the church. She was one who allowed herself to be subjected to obedience, that wonderful, can we say it, a virtue, as well as a discipline. Absolutely, yeah. It's one of those ironies, again, to use that word, that here was somebody who was falsely claimed by feminists, who I think would have been just shocked at the notion of herself as a feminist, that she had instead a genuine love for the church, a profound mysticism. And you've hit on one of the key words that we're going to be talking about with her, and that is a perfection of the virtues of love for Christ and her obedience to the church, to the authority of the church in judging what is and authentic what is pure. And that, I think, holds her up as a great role model today when we have so many who are dissenting from the church and continue to cling to this notion of Hildegard as some sort of a herald of feminism in the church. I don't think I would understate it by saying that it was breathtaking in the fall of 2010 then when Holy Father, Pope Benedict XVI, began a series of Wednesday audiences on the holy women of the Middle Ages. And he began those reflections, especially on those who had such deep mystical prayer experiences, he began the audiences not with just one but two audiences on Hildegard. Yeah, he has made it very clear. He certainly did this as pope. He's done this throughout his life as a theologian, somebody who wants to make certain that the church recognizes and honors genius in all of his forms, but also profound holiness. And Pope Benedict, in that there's the set of audiences, especially regarding Hildegard, but I mean, when we run through the list of some of the great figures that he was looking at, he talked, for example, about Julian of Norwich, he covered Catherine of Siena, Brigid of Sweden, Elizabeth of Hungary, and of course Angela of Foligno, who just recently was canonized through equivalent canonization by Pope Francis. The gifts to the church, the contributions to the life of the church, to the holiness of the church by these remarkable women. It's something that we need to pause, and I really appreciate the fact that you want to do that, to credit Pope Benedict for doing that, but also again to turn our gaze to these extraordinary women. And it is significant that Hildegard of Bingen was included in that list. If you could, give us a sense of her time period. Well, she grew up in Germany and really was a member of the German nobility, and she belonged to the German feudal system. In other words, her father was a wealthy, powerful landowner at a time when owning land was everything. His name was Hildebert, and both in the service of, as the feudal system worked, a more powerful lord by the name of Meggenhard, who was Count of Spannheim. These are sort of dazzling names to people today, but what's really most important is that medieval feudal life in Germany was one of service, it was one of status, but this reflects on the upbringing of Hildegard, I think, in a into this noble environment. She had the opportunity to learn, to understand what it was to command, to know what it was to have special status, and yet from her earliest times, she displayed extraordinary intelligence, but also very powerful spiritual gifts and a desire for status conscious, as so many of the members of the feudal nobility were, and yet they recognized in their daughter the fact that she was called to something else other than the life of service and of status that they enjoyed. And for that reason, they offered her up, as was the custom of the time, as sort of a tithe to the church, as an oblet to the nearby Benedictine abbey of Disobodenburg, and she was only eight years old at the time, but that was the custom. And her life changed from that minute, but it was, I think, the greatest gift that her parents could have given her, because they placed her in exactly the environment that she needed the most to foster, really to develop her spiritual life, and all of the skills that she was given by God that she came to possess as an abbess and as a leading figure of the medieval church. The stability of the Benedictine role, that way of devoting time in your day, not only to work, the discipline of action, but then also to prayer, it really served her so well, didn't it? It did, and especially crucial in this was the fact that, as was again the wisdom of the Benedictines, they gave her over for her initial training to other women who were experienced in life, in the spiritual life, in the discipline of the Benedictine community, but also in the spiritual life they saw, I think, immediately needed to be developed in her. There was the first by a widow by the name of Uda, and then more important was another woman by the name of Uta of Spannheim, who was the daughter of Count Stefan of Spannheim. Now why is it that notable? It's notable because in Uta, not only did Hildegard receive a kind of spiritual mother, as well as a spiritual guide and mentor, but Uta was, being the daughter of nobility, clearly aware of Hildegard's background as well as her immense potential in dealing with other members of the nobility in future years. The position of abbess was one of great power. We don't encounter abbesses and abbots very much anymore, and yet because of the status of the Benedictine order, because of the lands it accumulated, but also because of its importance to the life of the community wherever you had a Benedictine monastery, abbots and abbesses acquired and wielded great influence in society and political life, economic life, and then of course their spiritual power. And Uta would have understood all of this, and over the next decades she helped train Hildegard in a life of prayer, of asceticism, but also of training the mind and personality to command, to lead with charity, and then of course to have the level of learning with the best they could give her to prepare her for the immense tasks that lay ahead. Let's talk about some of those tasks. It's an incredible time for a monastery life, and it would be affected by her example of how it could be transformed. Well Hildegard always seriously underestimated and sort of downplayed her own learning. She referred to herself as an indocte mulier or an unlearned woman, and yet while she may have had formal academic training that one might think of today, she nevertheless understood Latin, certainly the use of the Psalter. The Latin language of course was the language of the church. It was so much of the common language of ecclesiastical life, but she also continued to train other noble women who were sent to this community. And so when she was given, as they say, she took the veil from the Bishop of Bamberg when she was about 15 years old. From that point on, we can see a direct line of progress and advancement for Hildegard. This wasn't something that she was craving, but it was something I think that she took to quite naturally, both because of her training, both because of her family background, but also just because of her genius level IQ. I say genius level IQ because if you spend much time reading the works of Hildegard, the unbelievable diversity of which she was capable, and we're going to talk a little bit about that, you appreciate the sheer level of her intelligence and how in that community life, in the wisdom of the Benedictine life, they were able to recognize that, to harness it, to train it, and then put it to the good of the community and the good of the wider church. Not just for the church's benefit, but to make of Hildegard's immense gifts exactly that. A gift to the church, a gift to the community, but especially a gift to God. And so we're seeing her move rapidly a from humble young girl, somebody who was then trained to become a teacher or a prioress of the sisters, and then of course, around the age of 38, she became the actual head of the community of women at Disobodenberg. I think it's so important to honor that intellectual aspect of Hildegard, I mean the fact that she would have this ability like a sponge to absorb everything around her, as though it seems, and also to wed that with her spiritual life and those mystical experiences, and when she had, how can we say this, it was very unique in that it wasn't that she would have a vision of something. She would even say she doesn't see things ocularly, I mean something that she would have in front of her. No, it was something much more compelling in which it incorporated all of her. I mean not only the the spiritual aspect, but it brought in to play all that intellectual knowledge so that you would end up getting tomes and tomes and tomes of writing. Yes, that's exactly it. For her, while she was certainly conscious of her limited education, she understood that the knowledge that she possessed came from what she always referred to in the Latin as the umbra viventis luminis, or the shadow of the living light. And for her, this is not something that she was too eager or all that willing to write about, which is, as you certainly know, Chris, of all people, that's one of the great signs of the genuineness of spiritual gifts, that she was reluctant to talk about this extraordinary series of visions and mystical experiences that she began having as a young girl, but chose not to speak of until she actually began to share them with Jutta, then with her spiritual director who is a monk by the name of Vomar, who really I think was a good influence on her. And only when she was really in her 40s did she begin to describe and to transcribe so much of what she saw. And part of that I think was because here was somebody who was receiving these these visions, these mystical experiences from a very young age, but who wanted to ruminate on them, who wanted to meditate on them. And for her, then, it was the command to talk about these. And as she wrote in the shivyas, one of her greatest of her writings, she talks about the fiery light coming out of a cloudless sky that flooded her entire mind and inflamed, she said, her whole heart and her whole like a flame. And she understood at that moment the exposition of the books of the Psalter, the Gospel, the Old and the New Testaments, and it was by command that she made these visions known. But it was again out of humility, out of obedience to the voice that she did this. And the full scale of what she saw and what she began to teach to transcribe took up almost the whole of the rest of her life. And yet even at that moment, as she did so, what was she doing? She sought additional counsel in the discernment of the authenticity and the truth of what she was seeing. Why? Because she was concerned that they might not be of God or that they were mere illusions or even possible delusions brought on by herself or by the evil one. And that commitment to obedience, I think, stands her in such great standing in the history of the church among the mystics. But it also tells us that, as often has been the case with some of the mystics in history, there have been those positivists and scientists and psychologists who try to dismiss these mystical experiences. In Hildegard's case, what have they claimed? They have said that she was receiving these simply psychological aberrations or they were various forms of neurological problems leading up to migraines or a host of other possible issues. And yet the clarity of her visions, the specificity of them, and also the theological depth of them, demolish any such claims by scientists today and instead really forces to look at what exactly she was seeing. I don't doubt that there will be many out there over the next century particularly that could achieve their doctorates just by writing on different aspects of her work. And if you are at all a student of the Benedictine rule, you can begin to see in those visions those connections with the life that she lived out. I mean, this was very organic. It wasn't like this were just coming. Though they seem foreign to us, when you, potentially, when you begin to look at those visions, if you understand the time, if you have a proper translation and you know the rule, you begin to see a little bit better the clarity of what she's communicating. Yes, exactly. And we also appreciate the staggering scale of what she saw. I mean, she beheld as well the sacraments. She understood the virtues. She appreciated angels. She saw vice. She saw, as Pope Benedict XVI talked in his letter proclaiming her a doctor of the church, what did he say? He says that the range of vision of the mystic of Bingen was not limited to treating individual matters but was a global synthesis of the Christian faith. So he talks about that this is a compendium of salvation history, literally from the beginning of the universe until the very eschatological consummation of all of creation. As he says, God's decision to bring about the work of creation is the first stage on a long journey that unfolds from the constitution of the heavenly hierarchy until it reaches the fall of the rebellious angels and the sin of our first parents. So she's touching on the very core of who we are and the most important aspects of redemption of the kingdom of God and the last judgment. That the scale of this again, I think, is difficult for much of a modern mind to comprehend. And it tells us that we have to be very careful from our perch here and surrounded by technology and modernity that we perhaps have lost our ability to see the sheer scale of salvation history. That this abbess sitting on the Rhine in the 12th century was able to and then was able to communicate it with language that is surprisingly modern. Oh, let's talk about that language not only with words but with music and with art. I mean, this woman was able to express herself in all manners of creative activity. Yes, I mean, this is somebody that designed, created her own kind of language. It's sort of a combination of Latin and German, which is a medieval German. But she also composed hymns, more than 70 hymns. She composed sequences and antiphons, what became known as the symphonia harmoniae celestium, the symphony of the harmony of heavenly revelations. And not only were they simply composed because, well, her community would need music, they were very much a reflection of the things that she had seen. And she wrote a very memorable letter in 1178 to the prelates of the city of Mainz, and she talks about the fact that music stirs our hearts and engages our souls in ways we can't really describe. But we're taken beyond our earthly banishment back to the divine melody Adam knew when he sang with the angels when he was whole in God before his exile. So here she's as seemingly simple as a hymn, and connecting it to the vision, connecting it to salvation history, and connecting to something far deeper theologically. So her hymns ranged from the creation of the Holy Spirit, but she was especially fond of composing music in honor of the saints, and especially the Blessed Virgin Mary. Yeah, as we're coming to a conclusion on this particular episode, I just don't want to miss out on just a little bit of a tidbit. We could have called her a doctor, I mean, in a very real way, a physician. This woman, this wonderful gift to the church, gift to all of us, I mean, she had that appreciation of creation and actually even how it will work to heal. Yes, yes. Again, it's hard to overestimate her genius. Why? Because beyond her visions, beyond her abilities as a composer, here was somebody who combined her genius with practical need. Her community had specific needs for her gifts. And so what did she do? She wrote books on the natural sciences, she wrote books on medicine, she wrote books on music. She looked at the study of nature to assist her sisters. So the result was a natural history, a book on causes and cures, a book on how to put medicine together. And it's a fascinating reading because she talks about plants and the elements and trees and birds and mammals and reptiles. But all of it was to reduce all of this knowledge to very practical purposes, the medicinal values of natural phenomena. And then she also wrote in a book on causes and cures, which is written from the traditional medieval understanding of humors. She lists 200 diseases or conditions with different cures and remedies that tend mostly to be herbal with sort of recipes for how to make them. This is all from somebody who at that time was an abbess of not just one but two monasteries along the Rhine, who was also being consulted on popes to kings to common people who came to her for help. And this is somebody who at that time was also working for her own perfection in the spiritual life and in the perfection of the virtues and who is also continuing to reflect and meditate on the incredible vision she was receiving. So this is a full life, but it was a life given completely to the service of others. And of course, she'll have to have two episodes. We do. Thank you so much, Dr. But looking forward to part two Chris. You've been listening to the doctors of the church, the charism of wisdom with Dr. Matthew Bunsen. To hear and or to download this program, along with hundreds of other spiritual formation programs, visit discerning hearts .com. This has been a production of discerning hearts. I'm your friend. This has been helpful for you that you will first pray for our mission. And if you feel us worthy, consider a charitable donation which is fully tax deductible to support our efforts. But most of all, we pray that you will tell a friend about discerning hearts .com and join us next time for the doctors of the church, the charism of wisdom with Dr. Matthew Bunsen.
Audio
A highlight from DC28-Hildegarde-pt1
"Discerninghearts .com presents The Doctors of the Church, the terrorism of wisdom with Dr. Matthew Bunsen. For over 20 years, Dr. Bunsen has been active in the area of Catholic social communications and education, including writing, editing, and teaching on a variety of topics related to church history, the papacy, the saints, and Catholic culture. He is the faculty chair at the Catholic Distance University, a senior fellow of the St. Paul Center for Biblical Theology, and the author or co -author of over 50 books, including the Encyclopedia of Catholic History and the best -selling biographies of St. Damien of Malachi and St. Kateri Tekakawisa. He also serves as a senior editor for the National Catholic Register and is a senior contributor to EWTN News. The Doctors of the Church, the terrorism of wisdom with Dr. Matthew Bunsen. I'm your host, Chris McGregor. Welcome, Dr. Bunsen. Wonderful to be with you again, Chris. Thank you so much for joining us to talk about this particular doctor of the church who, it's rare, isn't it, in our lifetimes to have those saints elevated to the status of doctor who have quite a background like St. Hildegard Bingen. Yes, well, she is, of course, with John of Avila, one of the two of the newest doctors of the church proclaimed as such by Pope Benedict XVI, who has, I think, a special fondness for her. And as we get to know her, we certainly can understand why he holds her in such great repute and such great respect. It's easy to overlook the fact that in her lifetime, she was called the Sybil of the Rhine, and throughout that, the whole of the 12th century in which she lived. She was renowned for her visions, but she was especially loved and respected for her wisdom, the greatest minds of her age, and, of course, was renowned also for her great holiness. So this is a formidable figure in the medieval church, and somebody, I think, that we really need to look at today as we proceed with the reform and renewal of the church. I'll try to put this very sensitively when I say that her presence in our time is one that, unfortunately, was relegated maybe into a back corner by many because of those who tried to hijack, in some ways, her spirituality to try to move forward to certain agendas. Yes, I think that's a very diplomatic way of putting it. Hildegard, in the last 10 years or so, and Pope Benedict XVI, I think, helped lead the charge in this, has been reclaimed by the church. Her authentic writings, her authentic spirituality, and especially her love for the church and her obedience to the authority of the church have all been recaptured, reclaimed for the benefit of the entire church. It's absolutely true that over the previous decades, much as we saw with a few others, I'm thinking, for example, of a Julian of Norwich in England who lived a little after Hildegard, were sort of kidnapped by those with real agendas to try to portray Hildegard as a proto -radical feminist, as somebody who was hating of the church, who attempted to resist the teachings of the church, who rejected the teachings of the church. And yet, as we read her, as we come to appreciate her more fully, I think we can grasp her extraordinary gifts, but also her remarkable love for the church. She was one who allowed herself to be subjected to obedience, that wonderful, can we say it, a virtue, as well as a discipline. Absolutely, yeah. It's one of those ironies, again, to use that word, that here was somebody who was falsely claimed by feminists, who I think would have been just shocked at the notion of herself as a feminist, that she had instead a genuine love for the church, a profound mysticism. And you've hit on one of the key words that we're going to be talking about with her, and that is a perfection of the virtues of love for Christ and her obedience to the church, to the authority of the church in judging what is and authentic what is pure. And that, I think, holds her up as a great role model today when we have so many who are dissenting from the church and continue to cling to this notion of Hildegard as some sort of a herald of feminism in the church. I don't think I would understate it by saying that it was breathtaking in the fall of 2010 then when Holy Father, Pope Benedict XVI, began a series of Wednesday audiences on the holy women of the Middle Ages. And he began those reflections, especially on those who had such deep mystical prayer experiences, he began the audiences not with just one but two audiences on Hildegard. Yeah, he has made it very clear. He certainly did this as pope. He's done this throughout his life as a theologian, somebody who wants to make certain that the church recognizes and honors genius in all of his forms, but also profound holiness. And Pope Benedict, in that there's the set of audiences, especially regarding Hildegard, but I mean, when we run through the list of some of the great figures that he was looking at, he talked, for example, about Julian of Norwich, he covered Catherine of Siena, Brigid of Sweden, Elizabeth of Hungary, and of course Angela of Foligno, who just recently was canonized through equivalent canonization by Pope Francis. The gifts to the church, the contributions to the life of the church, to the holiness of the church by these remarkable women. It's something that we need to pause, and I really appreciate the fact that you want to do that, to credit Pope Benedict for doing that, but also again to turn our gaze to these extraordinary women. And it is significant that Hildegard of Bingen was included in that list. If you could, give us a sense of her time period. Well, she grew up in Germany and really was a member of the German nobility, and she belonged to the German feudal system. In other words, her father was a wealthy, powerful landowner at a time when owning land was everything. His name was Hildebert, and both in the service of, as the feudal system worked, a more powerful lord by the name of Meggenhard, who was Count of Spannheim. These are sort of dazzling names to people today, but what's really most important is that medieval feudal life in Germany was one of service, it was one of status, but this reflects on the upbringing of Hildegard, I think, in a into this noble environment. She had the opportunity to learn, to understand what it was to command, to know what it was to have special status, and yet from her earliest times, she displayed extraordinary intelligence, but also very powerful spiritual gifts and a desire for status conscious, as so many of the members of the feudal nobility were, and yet they recognized in their daughter the fact that she was called to something else other than the life of service and of status that they enjoyed. And for that reason, they offered her up, as was the custom of the time, as sort of a tithe to the church, as an oblet to the nearby Benedictine abbey of Disobodenburg, and she was only eight years old at the time, but that was the custom. And her life changed from that minute, but it was, I think, the greatest gift that her parents could have given her, because they placed her in exactly the environment that she needed the most to foster, really to develop her spiritual life, and all of the skills that she was given by God that she came to possess as an abbess and as a leading figure of the medieval church. The stability of the Benedictine role, that way of devoting time in your day, not only to work, the discipline of action, but then also to prayer, it really served her so well, didn't it? It did, and especially crucial in this was the fact that, as was again the wisdom of the Benedictines, they gave her over for her initial training to other women who were experienced in life, in the spiritual life, in the discipline of the Benedictine community, but also in the spiritual life they saw, I think, immediately needed to be developed in her. There was the first by a widow by the name of Uda, and then more important was another woman by the name of Uta of Spannheim, who was the daughter of Count Stefan of Spannheim. Now why is it that notable? It's notable because in Uta, not only did Hildegard receive a kind of spiritual mother, as well as a spiritual guide and mentor, but Uta was, being the daughter of nobility, clearly aware of Hildegard's background as well as her immense potential in dealing with other members of the nobility in future years. The position of abbess was one of great power. We don't encounter abbesses and abbots very much anymore, and yet because of the status of the Benedictine order, because of the lands it accumulated, but also because of its importance to the life of the community wherever you had a Benedictine monastery, abbots and abbesses acquired and wielded great influence in society and political life, economic life, and then of course their spiritual power. And Uta would have understood all of this, and over the next decades she helped train Hildegard in a life of prayer, of asceticism, but also of training the mind and personality to command, to lead with charity, and then of course to have the level of learning with the best they could give her to prepare her for the immense tasks that lay ahead. Let's talk about some of those tasks. It's an incredible time for a monastery life, and it would be affected by her example of how it could be transformed. Well Hildegard always seriously underestimated and sort of downplayed her own learning. She referred to herself as an indocte mulier or an unlearned woman, and yet while she may have had formal academic training that one might think of today, she nevertheless understood Latin, certainly the use of the Psalter. The Latin language of course was the language of the church. It was so much of the common language of ecclesiastical life, but she also continued to train other noble women who were sent to this community. And so when she was given, as they say, she took the veil from the Bishop of Bamberg when she was about 15 years old. From that point on, we can see a direct line of progress and advancement for Hildegard. This wasn't something that she was craving, but it was something I think that she took to quite naturally, both because of her training, both because of her family background, but also just because of her genius level IQ. I say genius level IQ because if you spend much time reading the works of Hildegard, the unbelievable diversity of which she was capable, and we're going to talk a little bit about that, you appreciate the sheer level of her intelligence and how in that community life, in the wisdom of the Benedictine life, they were able to recognize that, to harness it, to train it, and then put it to the good of the community and the good of the wider church. Not just for the church's benefit, but to make of Hildegard's immense gifts exactly that. A gift to the church, a gift to the community, but especially a gift to God. And so we're seeing her move rapidly a from humble young girl, somebody who was then trained to become a teacher or a prioress of the sisters, and then of course, around the age of 38, she became the actual head of the community of women at Disobodenberg. I think it's so important to honor that intellectual aspect of Hildegard, I mean the fact that she would have this ability like a sponge to absorb everything around her, as though it seems, and also to wed that with her spiritual life and those mystical experiences, and when she had, how can we say this, it was very unique in that it wasn't that she would have a vision of something. She would even say she doesn't see things ocularly, I mean something that she would have in front of her. No, it was something much more compelling in which it incorporated all of her. I mean not only the the spiritual aspect, but it brought in to play all that intellectual knowledge so that you would end up getting tomes and tomes and tomes of writing. Yes, that's exactly it. For her, while she was certainly conscious of her limited education, she understood that the knowledge that she possessed came from what she always referred to in the Latin as the umbra viventis luminis, or the shadow of the living light. And for her, this is not something that she was too eager or all that willing to write about, which is, as you certainly know, Chris, of all people, that's one of the great signs of the genuineness of spiritual gifts, that she was reluctant to talk about this extraordinary series of visions and mystical experiences that she began having as a young girl, but chose not to speak of until she actually began to share them with Jutta, then with her spiritual director who is a monk by the name of Vomar, who really I think was a good influence on her. And only when she was really in her 40s did she begin to describe and to transcribe so much of what she saw. And part of that I think was because here was somebody who was receiving these these visions, these mystical experiences from a very young age, but who wanted to ruminate on them, who wanted to meditate on them. And for her, then, it was the command to talk about these. And as she wrote in the shivyas, one of her greatest of her writings, she talks about the fiery light coming out of a cloudless sky that flooded her entire mind and inflamed, she said, her whole heart and her whole like a flame. And she understood at that moment the exposition of the books of the Psalter, the Gospel, the Old and the New Testaments, and it was by command that she made these visions known. But it was again out of humility, out of obedience to the voice that she did this. And the full scale of what she saw and what she began to teach to transcribe took up almost the whole of the rest of her life. And yet even at that moment, as she did so, what was she doing? She sought additional counsel in the discernment of the authenticity and the truth of what she was seeing. Why? Because she was concerned that they might not be of God or that they were mere illusions or even possible delusions brought on by herself or by the evil one. And that commitment to obedience, I think, stands her in such great standing in the history of the church among the mystics. But it also tells us that, as often has been the case with some of the mystics in history, there have been those positivists and scientists and psychologists who try to dismiss these mystical experiences. In Hildegard's case, what have they claimed? They have said that she was receiving these simply psychological aberrations or they were various forms of neurological problems leading up to migraines or a host of other possible issues. And yet the clarity of her visions, the specificity of them, and also the theological depth of them, demolish any such claims by scientists today and instead really forces to look at what exactly she was seeing. I don't doubt that there will be many out there over the next century particularly that could achieve their doctorates just by writing on different aspects of her work. And if you are at all a student of the Benedictine rule, you can begin to see in those visions those connections with the life that she lived out. I mean, this was very organic. It wasn't like this were just coming. Though they seem foreign to us, when you, potentially, when you begin to look at those visions, if you understand the time, if you have a proper translation and you know the rule, you begin to see a little bit better the clarity of what she's communicating. Yes, exactly. And we also appreciate the staggering scale of what she saw. I mean, she beheld as well the sacraments. She understood the virtues. She appreciated angels. She saw vice. She saw, as Pope Benedict XVI talked in his letter proclaiming her a doctor of the church, what did he say? He says that the range of vision of the mystic of Bingen was not limited to treating individual matters but was a global synthesis of the Christian faith. So he talks about that this is a compendium of salvation history, literally from the beginning of the universe until the very eschatological consummation of all of creation. As he says, God's decision to bring about the work of creation is the first stage on a long journey that unfolds from the constitution of the heavenly hierarchy until it reaches the fall of the rebellious angels and the sin of our first parents. So she's touching on the very core of who we are and the most important aspects of redemption of the kingdom of God and the last judgment. That the scale of this again, I think, is difficult for much of a modern mind to comprehend. And it tells us that we have to be very careful from our perch here and surrounded by technology and modernity that we perhaps have lost our ability to see the sheer scale of salvation history. That this abbess sitting on the Rhine in the 12th century was able to and then was able to communicate it with language that is surprisingly modern. Oh, let's talk about that language not only with words but with music and with art. I mean, this woman was able to express herself in all manners of creative activity. Yes, I mean, this is somebody that designed, created her own kind of language. It's sort of a combination of Latin and German, which is a medieval German. But she also composed hymns, more than 70 hymns. She composed sequences and antiphons, what became known as the symphonia harmoniae celestium, the symphony of the harmony of heavenly revelations. And not only were they simply composed because, well, her community would need music, they were very much a reflection of the things that she had seen. And she wrote a very memorable letter in 1178 to the prelates of the city of Mainz, and she talks about the fact that music stirs our hearts and engages our souls in ways we can't really describe. But we're taken beyond our earthly banishment back to the divine melody Adam knew when he sang with the angels when he was whole in God before his exile. So here she's as seemingly simple as a hymn, and connecting it to the vision, connecting it to salvation history, and connecting to something far deeper theologically. So her hymns ranged from the creation of the Holy Spirit, but she was especially fond of composing music in honor of the saints, and especially the Blessed Virgin Mary. Yeah, as we're coming to a conclusion on this particular episode, I just don't want to miss out on just a little bit of a tidbit. We could have called her a doctor, I mean, in a very real way, a physician. This woman, this wonderful gift to the church, gift to all of us, I mean, she had that appreciation of creation and actually even how it will work to heal. Yes, yes. Again, it's hard to overestimate her genius. Why? Because beyond her visions, beyond her abilities as a composer, here was somebody who combined her genius with practical need. Her community had specific needs for her gifts. And so what did she do? She wrote books on the natural sciences, she wrote books on medicine, she wrote books on music. She looked at the study of nature to assist her sisters. So the result was a natural history, a book on causes and cures, a book on how to put medicine together. And it's a fascinating reading because she talks about plants and the elements and trees and birds and mammals and reptiles. But all of it was to reduce all of this knowledge to very practical purposes, the medicinal values of natural phenomena. And then she also wrote in a book on causes and cures, which is written from the traditional medieval understanding of humors. She lists 200 diseases or conditions with different cures and remedies that tend mostly to be herbal with sort of recipes for how to make them. This is all from somebody who at that time was an abbess of not just one but two monasteries along the Rhine, who was also being consulted on popes to kings to common people who came to her for help. And this is somebody who at that time was also working for her own perfection in the spiritual life and in the perfection of the virtues and who is also continuing to reflect and meditate on the incredible vision she was receiving. So this is a full life, but it was a life given completely to the service of others. And of course, she'll have to have two episodes. We do. Thank you so much, Dr. But looking forward to part two Chris. You've been listening to the doctors of the church, the charism of wisdom with Dr. Matthew Bunsen. To hear and or to download this program, along with hundreds of other spiritual formation programs, visit discerning hearts .com. This has been a production of discerning hearts. I'm your friend. This has been helpful for you that you will first pray for our mission. And if you feel us worthy, consider a charitable donation which is fully tax deductible to support our efforts. But most of all, we pray that you will tell a friend about discerning hearts .com and join us next time for the doctors of the church, the charism of wisdom with Dr. Matthew Bunsen.
Dennis Prager Podcasts
Higher Education Fuels Blind Trust in Authority
"Are losing faith in the value of higher education. Isn't it interesting? This is a logical choice, whatever side you're on. The more you have attended university, in other words, gone even on to graduate school, the more likely you are to trust authority. I had an hour interview yesterday on the show, the third hour. What is that terrific man's name from Chile? Axel Kaiser. Axel, that's his first name? He is a serious thinker, a relatively young man, early 40s. We were talking about the acceptance of authority in the West. When I bounced off this man, my theory, Germany is always wrong. Not every German. He, who was half German, half Chilean, said absolutely that's correct. The collective fools with many, many individual, intelligent people. He believes that the genesis of the love of authority is in great measure owing to Germany in the 19th century, which I have often said. For example, U .S. universities were not issuing PhDs almost ever, so people went to Germany to study, and there they picked up the idea of collectivism and the love of authority. The United States was founded by people who don't trust authority except divine authority. They trusted no human authority because they knew that humans are so profoundly flawed.
The Eric Metaxas Show
A highlight from Gad Saad (Encore)
"Welcome to The Eric Metaxas Show. Back again, eh? Glutton for punishment, eh? When will you ever learn? Now, here's the host that you hate to love, the man who was the reason your friend sponsored your last intervention, Eric Metaxas. Hey there, folks. Welcome to the program. It's always a joy to have someone on for the first time. I have heard such good things about today's guest. His name is Gad Saad. At least, I think that's how it's pronounced, or God Saad. G -A -D, first name, second name, S -A -A -D, Ph .D. He's one of the best -known public intellectuals fighting the tyranny of political correctness, so it sounds to me like he's interested in truth. He's professor of marketing at the John Molson School of Business at Concordia University, where he held the research chair in evolutionary behavioral sciences and Darwinian consumption. It goes on and on. It is just a joy to have Gad Saad as my guest. Welcome to the program, and congratulations on the new book. Thank you so much, sir. Such a pleasure to meet you. I've seen you on television before, so I feel as though I know you, but it's a pleasure to finally meet you. Well, that's very generous of you. So for my audience who isn't familiar with you, what is your background? I mean, you've been a voice for truth, which is a very rare thing, especially in a university setting. Where were you raised, and what is your background? How did you get to be who you are today? Sure. So I grew up in Lebanon. I was born in Lebanon. We were part of the last steadfastly refusing to leave Jews in Lebanon. Most of my extended family had left by the late 60s. They had left some to France, some to Canada, many to Israel, but my family had remained in Lebanon. We were well entrenched within Lebanese society. And then when the civil war broke out in 1975, when I was 10 years old, it became very, very difficult to be Jewish in Lebanon. So we experienced the first year of the civil war, and then luckily were able to leave. So that's my background in terms of where I was born. Grew up in Montreal, Canada, and then went to the United States to finish my studies, and then was a visiting professor at several universities in the US. But much of my career has been spent at a Canadian university, Montreal University. My general research area, just again for the folks who don't necessarily know who I am, evolutionary I marry psychology and evolutionary biology to human behavior in general, and consumer behavior in particular. What are the biological underpinnings that make us do the things that we do? So that's been my scientific work. But in the process of establishing my academic career, I started noticing that there was a second war that I was facing. The first war was the Lebanese civil war. The second war was the war on reality, the war on common sense, on reason, on evidence -based thinking. Which then led me to write my previous book, not the book that we'll be talking about today, but my previous book was called The Parasitic Mind, How Infectious Ideas Are Killing Common Sense. And so I've been one of the few voices in academia that holds no sacred cow to be untouchable. I critique any ideology that I feel like critiquing. Of course, it has made my academic career at times difficult, but you have to defend the truth. Well, you say you have to defend the truth, and I say you have to defend the truth. But many in the academy are not willing to defend the truth, nor even to defend the concept of truth. They don't seem to believe in the idea of truth the way Socrates did. They don't even seem to believe in defending reality, that there is a world, a real world, that there are things that are possible that are things that are impossible. I mean, that is kind of where we are today. So to believe in reality or truth in the academy is a rare thing indeed. And what do you suppose it is about you that made you willing to fight the battle for truth to not be silenced? Thank you. That's a great question. So I think it's just my personhood, the combination random of genes that make me who I am. Okay, now hold on. You're making it sound fatalistic. You're making it sound like it's not noble. It's just a fatalistic thing. It's just your genes are making you behave this way, just as Hitler's genes made him do what he did. That's clearly not what you're saying, is it? No, no. I mean, of course, I also have personal agency because I could say, hey, I'm going to succumb to cowardice and not rise up to the call to defend the truth. So you're right. So thank you for that. Maybe I was being falsely modest in my deterministic explanation, but in any case, I'm just, I mean, I'm a very, I think anybody who knows me knows that I'm a very warm, fun, affable guy, but I'm also very combative. Not because I want to be combative just to annoy people, but in a sense, I have this code of personal conduct, Eric, that makes it that when I go to bed at night and put my head on the pillow, for me to be able to not suffer from insomnia, I need to feel that I never modulated my words for pragmatic reasons, for careerist reasons. Then I would feel that I'm a fraud, that I'm a charlatan. And because of that exacting, punishing code of personal conduct, whenever I see nonsense, I attack it. Well, I'm just guessing, but having lived through what you and your family lived through in Lebanon, I mean, my father came to this country from Greece in the 50s. My mother came from East Germany in the 50s. And having stories, whether your own or those of your forebears, of people who saw that there were consequences to how one lived and that the world can be a very evil place, and that if you go along with it, you're complicit in the evil. I think many Americans and many Canadians haven't been forced to face that. They don't understand that there is a real battle for truth and that I have to be careful not to go along with things because then I am complicit. I'm just guessing that growing up in a home, as you did having left Lebanon under those circumstances, that that might be a part of why you're a brave voice in this culture. I think you're spot on. And if you look just anecdotally at some of the most vociferous defenders of Western traditions, they're exactly the type that you've mentioned. It's Ayaan Hirsi Ali, who is of Somali background. It's precisely because we have sampled from the large buffet of possible societies, right? We realize that the Western experience is an anomalous one. It's not the standard default society. That's not how humans have organized themselves. And so because we've sampled from that buffet, we come to the West and say, guys, be careful, you're not going down the right track. So I think you're exactly right, Eric. Yeah, I think, you know, anytime I meet somebody who has Cuban background or whatever, they typically, they get it. Somebody who's come from Romania or some Eastern Bloc country, they all get it. They all seem to understand, you know, we have to fight for what is right and true. We have to fight for freedom. These aren't normal. This is not the default situation. But many Americans and many people who've had the privilege of growing up in the West, they don't have a clue that what we have is a glorious, fragile thing. It's worth fighting for. Because you're new to the program, I do want you to talk about your book, The Parasitic Mind, before we talk about the brand new book. Tell us a little bit about that so my audience can understand where you're coming from. Sure. Thanks for that question. So in The Parasitic Mind, what I try to do is find some metaphor for why it is that living agents can engage in such maladaptive behaviors. And so I found it in what's called the neuroparasitological framework. The idea is that if you look at the animal kingdom, there are all sorts of parasitic infestations that happen. A tapeworm can infest your intestinal tract, but a neuroparasite is one that looks to, if you like, alter the neuronal circuitry of its host to suit its own reproductive interest. And so I had my epiphany, so I thought, well, okay, well, human beings can certainly be parasitized by actual physical brainworms, but there's another class of brainworms that they can be parasitized by. And I call those idea pathogens or parasitic ideas. So to your earlier point about, you know, in the academy, we no longer talk about some objective truth. Well, that's the granddaddy of all idea pathogens, postmodernism, social constructivism is another one. Radical feminism is another one. Identity politics is another one. Cultural relativism, biophobia, the fear of using biology to explain human behavior is another one. So what I do in the book is I trace the origin of many of these parasitic ideas and their downstream negative consequences. And then if I've done a good job, I offer a mind vaccine against these parasitic ideas. That's the general idea of the book. Okay, I wanna pick up on that. We are talking to GAD, G -A -D, SAD, S -A -A -D. And we'll be right back. I wear the black for those who've never read. Or listen.
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.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1401: FIDELITY: Bitcoin Will Hit $1 Billion Per Coin By This Date
"In today's show, we're going to be discussing Bitcoin ignoring the CPI and FTX as the price action hit us a September high of $26 ,600 as the bulls are back in control. We'll also be discussing the court approving the sale of FTX digital assets, meaning the assets will be sold off weekly with special handling for Bitcoin and Ethereum and insider affiliate tokens. Also breaking news just in, Congressman Tom Emmer launches an anti -surveillance state act with 49 Republicans in a new push against CBDCs, central bank digital currencies. Also the SEC chairman Gary Gensler says crypto is a field rife with fraud, abuse, misconduct. It's daunting. We'll also be discussing breaking news, $800 billion asset manager Deutsche Bank partners to offer Bitcoin custody for institutions. Let's go. It virtually means that the bank can now hold crypto directly for its clients. Also in today's episode, we'll be discussing, can the Bitcoin price achieve fidelities? $1 billion price target by 2038. That's right, the $4 .5 trillion asset manager is predicting that one Bitcoin will eventually be worth $1 billion 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 cryptonewsalerts .net. With that being shared fam, welcome to everyone just joining us. This is pod episode number 1401. So let's fricking go. Today is September 14, 2023 and the crypto market is back in the green. Shout out to everyone out there in the live chat. It's good to see the entire Bitcoin fam. So yeah, let's kick it off with our market watch. As you can see, Bitcoin is trading back above $26 ,600. We also have Ether trading back above $1 ,600 and virtually most all the major cryptos are in the green minus BNB barely in the red. And checking out coinmarketcap .com, the current crypto market cap sits just north of $1 trillion with $28 billion in volume in the past 24 hours, but the Bitcoin dominance at 49 .2 % and the Ether dominance at 18 .6%. So yeah, checking out the top 100 crypto gainers of the past 24 hours. We have Axly Infinity leading the pack trading at $4 .73 up 11 % followed by ThorChain up 5 .5 % trading at $1 .65 followed by Conflux up a modest 5 % trading just above or I should say just shy of 12 cents. And checking out the top 100 crypto gainers for the past week, we can see virtually everything is in the green minus a handful including Scamcoin FTT down 5%. Axly Infinity leading the pack here as well up 12%. And as you can see, the alts are pumping. That's what's up. How many of you took advantage of this recent price dip? Let me know. And how many of you are gonna be hodling into the next Bitcoin halving, which is roughly six months out around the corner. Holla at your boy chat. I appreciate the interaction. At the end of the show, I'll be reading everyone's comments out loud. And how you doing today for Christ's sake? Holla at your boy. Don't be a stranger. And with that being shared, now let's dive into today's Bitcoin technical analysis. Check out the charts and what is popping with the King crypto. Here we go. Bitcoin hit new September highs after the September 14 daily close as markets digested macroeconomic as well as crypto. Industry news, which you can clearly see here in the Bitcoin one hour candle chart. Now data from Cointelegraph and TradingView tracked the Bitcoin price highs of 26 .5 over on Bitstamp and Bitcoin had shaken off the higher than expected US CPI the day prior, which we covered here in the show, maintaining that 26 ,000 support. Subsequent confirmation that the defunct exchange FTX had received legal permission to liquidate its remaining assets likewise failed to dent Bitcoin's comparatively solid intraday performance. And a little later in the show, I'll be sharing that ruling directly coming from the courts in regards to the FTX assets being sold. Now coming up to the range highs and once we flip these levels, we can look to finally get into a safe position and long since popular crypto trader, Crypto Tony and fellow analyst, Dan Crypto Trade suggests that the overall Bitcoin market dynamics have changed versus the period of weakness seen around the monthly close. Quoting this gentleman here, market feels different this week. The dips are being bought up relatively quick and while the price keeps sweeping highs, it keeps crawling itself back and leaving the lows untouched. The spot bid is also stronger than the past few weeks, might be wrong, but I am optimistic. Let me know if you agree to disagree with the analyst and additional analysis predicts that the longer term Bitcoin price breakout should US regulators approve a Bitcoin spot ETF or which we all know is inevitable over the coming months. He also says that BTC .d is still holding on the previous range high, which is the Bitcoin dominance chart and in the CHOP region, but ultimately says, I think this would go higher in case of a Bitcoin ETF approval one day. Yeah, that's right. They can only push it back and delay it for so long. I believe the next day they have to acknowledge it is in October and more than likely Gensler and the SEC is gonna push it back till next year. That's just my two Satoshi's. Let me know your thoughts, fam. Now more cautious was Trader Sku who referenced the on -chain volume prime to cool once more after the relief rally, quitting him here. The daily structure looks fairly good here and decreasing volumes. So could definitely be looking towards a relief rally before lower as the commentary read, noting the Bitcoin was still holding the key 25 ,000 level. Now with Bitcoin up just 1 % month to date at this time, Bitcoin is nonetheless on course for its best performing September and years. As we know, it's usually September, pun intended. According to data from monitoring resource CoinGlass, the last time Bitcoin gained in September was all the way back in 2016. That's like holy moly, seven years ago, fam. That year was its best on record at a modest 6 % while its biggest red September bear month was two years prior when it lost a whopping 19%. Talk about total bloodshed, right, fam? Now in 2022, Bitcoin shed 3 % before climbing another 5 % in October, which is a popular month amongst the bulls who informally referred to it as Uptober. So hopefully, God willing, we have another Uptober here right around the corner as we're already halfway through with September. With that being shared, fam, let me know your thoughts and outlook on the current landscape of the crypto market. Do you feel we're likely to correct lower or do you think we'll continue rising back towards that $30 ,000 level psychological resistance? Let me know, chat. And now let's break down our next story of the day and discuss the latest judgment coming from the courts regarding the FTX asset sales. Here we have it. This is just in, the Delaware Bankruptcy Court approved the sale of FTX digital assets. We have Judge John Dorsey who made the ruling at a hearing yesterday, September 13th. Major changes were made to the draft order authorizing the sale the previous day. Now as you know, there's been a lot of FUD of people talking about all the assets, billions of dollars worth of crypto is gonna get dumped and it's going to wreck the market. Well, there are some caveats, so it's important I share them here. FTX will be allowed to sell the digital assets excluding Bitcoin, Ethereum, and certain insider affiliated tokens in weekly batches through an investment advisor under pre -established guidelines. There will be limits of $50 million for the first week and $100 million in subsequent weeks. There will be an option to increase the limit with prior written approval of the creditors committee and ad hoc committee or to raise the limit to 200 million weekly with the approval of the court. So they can't dump it all at one time which is good for the bulls, right? Now Bitcoin and Ether and insider affiliate tokens can be sold through a separate decision by FTX. After 10 days notice to the committee and the US trustee, the US trustee is appointed by the US Department of Justice. Now I'm curious what those insider affiliate tokens are. If I was to guess, I'd guess FTT, that scam coin, Bankman Fried created out of thin air and I'd also throw Solana in there, but what are your thoughts, fam? Let me know. Those sales will also be conducted through an investor advisor. Information about the sales will be subject to professionalize only and confidentially restrictions with a redacted version accessible to the public. The sales will be subject to written objection by the committees and the US trustee. And in that case, the sales will be delayed until the objections are overcome or the court orders a sale. Quoting Bak Ubu here, FTX adapts crypto sale plan to address the US government concerns. FTX, the bankrupt crypto exchange is making changes to its proposal for selling billions in crypto assets. That's right. And I just broke down ultimately what you need to know. The conditions on the latter sales were added in the draft submitted September 12th, a couple of days ago. They were regarded as cautionary moves to ensure the market stability during the influx of FTX assets. Some observers noted that the sales will represent only a small portion of the trading volume and may not have a heavy impact. But according to a recent shareholder update, FTX has $833 million worth of Bitcoin and Ethereum collectively. FTX can enter into hedging arrangements using Bitcoin and ETH with the private approval of committees and can use them for staking according to the guidelines. The FTX token, as we know, is FTT, cannot be sold without further court authorization. Well, good for them. Glad to hear they're not authorized to sell their scam coin and dump it onto the market. That's definitely a good sign, wouldn't you think? Now let's break down the next breaking story of the day. Gotta give respect and credit where it is due. We have US Congressman Tom Emmer who made a very strong anti -CBDC stance and we know that's the central bank digital currencies which the central bankers are gonna be rolling out and I know their pilots have already began rolling out around the world. So let's discuss this anti -CBDC push because I'm all for anti -CBDC. That's why I promote Bitcoin every day here on the pod. Bitcoin is the antidote to the CBDC. Let me know if you understand what I'm saying. Now Congressman Tom Emmer is leading the reintroduction of the bill that aims to prevent the Federal Reserve from creating a digital dollar. God bless him. Emmer says on the social media platform X that if it isn't designed to emulate cash, then a CBDC would dismantle the American's right to financial privacy while also emboldening the administrative state. Facts. The majority whip says that the new bill attempts to prohibit the Fed from issuing a retail CBDC while protecting innovation and any future development of true digital cash. This bill puts a check on unelected bureaucrats and ensures the US digital currency policy upholds our American values of privacy, individual sovereignty and free market competitiveness. The administration has made it clear. President Biden is willing to compromise the American people's right to financial privacy for surveillance style CBDC. I don't believe in compromising American rights. That's the bottom line. If not open, permissionless and private like cash, a CBDC is nothing more than a CCP, which we all know stands for, right? Style surveillance tool that will be weaponized to oppress the American way of life. Preach. I couldn't have said it any better myself. I stand by what he is saying because I know it's fact. Now while official, the concrete plans for the CBDC haven't been released by the US government as opposition has already formed, which is a good sign. We also have US candidates who are running for the presidential election next year in 2024, including current governor of Florida, Ron DeSantis, who is running as a Republican. And we also have Kennedy Jr. who is running as a Democrat who are both pro Bitcoin and anti CBDC. So we must stand strong and oppose these weapons of financial mass destruction, which are better known as CBDCs. So again, much respect to the congressmen and those making this push. Now last month we also had Ohio Republican Warren Davidson said the CBDCs pose an existential threat to the Western civilization and was committed to fighting against them. Davidson said that he wants to prohibit the CBDCs because they threaten other digital assets like Bitcoin and impede the development of the beneficial financial technology. Facts, quitting him here. Central bank digital currency poses a serious threat, tall digital assets, as I said, at flyover FinTech. Many people wrongfully conflate even Bitcoin with a CBDC. Ignorance is bliss, huh? At least most agree that CBDC is evil, the financial equivalent of the Death Star. Great reference to Star Wars there. Don't become an accomplice to anyone designing, building, testing, developing, or establishing CBDC. Banning a CBDC is essential to the American's FinTech future. So there you have it. What are your thoughts on CBDCs if they roll out, which more than likely they're going to eventually at a theater near you, are you going to participate in them, is the million dollar question. What if they give you a stimulus and they promise you, we're gonna give every American $5 ,000 of this digital dollar, AKA CBDC, central bank Ponzi scheme currency. What are you gonna do about it? I say just say no to Bitcoin, or I'm sorry, just say no to CBDCs and fight it with the antidote, which is Bitcoin, by simply stacking stats today and preparing yourself so that you can fight the tyrants who are trying to take over our country. Just saying, fam, let me know if that resonates with you. And with that being shared, now let's break down our next story of the day and discuss the latest with Mr. Gary Gensler, the chairman of the SEC and what they recently shared with Congress regarding cryptocurrencies and enforcement. Here we go. The chairman of the SEC, everyone's favorite huckster, Gary Gensler talked about cryptocurrency during his testimony before the US Senate Committee on Banking, Housing, and Urban Affairs on Tuesday, two days ago. Reiterating his views that most crypto tokens are securities, Gensler told the lawmakers without prejudging any one token, the vast majority of crypto tokens likely meet the investment contract test. Given that most crypto tokens are subject to the security laws, it follows that most crypto intermediaries have to comply with the security laws as well, quoting the chief right here. In terms of crypto, I've been around finance for 44 years now, and I've never seen a field that is so rife with misconduct. It is just, it's daunting. He further described the crypto industry right now. Unfortunately, he says there's significant noncompliance and it's a field which is rife with fraud abuse as well as misconduct. Now the Senator Bill Hagerty asked Gensler during the hearing what the SEC needs to see from issuers to approve a Spot Bitcoin ETF. Wouldn't you say that's a great question? Following the recent court ruling in favor of the grayscale investments, now the court found that the securities regulator, denial of grayscale Spot Bitcoin ETF app, was arbitrary and that the SEC Chairman Gensler replied with the following, we're still reviewing that decision. We have multiple filings around Bitcoin ETF products, so it is not just the one you mentioned, but there's multiple others. We are reviewing them and I am looking forward to the staff's recommendations. So there you have it. How do you feel this will likely play out regarding the regulators and crypto choke point 2 .0 as it continues? Do you think it'll keep pushing innovation outside the United States? Or do you feel that it's just a matter of time and Gensler's no longer gonna be able to push back these deadlines for the SEC approvals? Because we all know once the Spot Bitcoin ETFs get the green light from the regulator, it's game on. There's literally trillions upon trillions of dollars right now sitting on the sideline just waiting for that freaking approval. And if it wasn't for the SEC, we'd already had a Bitcoin Spot ETF a decade ago because that's how long they've been denying them, right? In fact, the very first Bitcoin ETF application was submitted by the Winklevoss twins of the Gemini exchange literally over a decade ago. And while they keep approving these futures ETFs which aren't in the investors best interest, but to keep pushing back the Spot ETFs which benefit everyone makes no logic except they're doing what they do because that's what they do and let's leave it at that. And with that being shared, fam, now let's break down the latest breaking news regarding Deutsche Bank. This is big news coming from another major institution and then I'll be breaking down the $1 billion fidelity price prediction for the King Crypto. That's right, they're saying that one Bitcoin will eventually be worth $1 billion per coin and then we'll dive into our live Q &A. So yeah, here we go, breaking news just in. The German bank, Deutsche Bank, was one of the handful of companies to invest in a $65 million Series B fundraising round for tourists in February of this year. The company offers enterprise -grade infrastructure to issue managed custody and trade, cryptocurrencies, tokenized assets, as well as NFTs and other digital assets. Let's go. Now according to Taurus' co -founder, Lamin, the partnership underwent a thorough and very detailed due diligence process before the German bank decided to use its infrastructure services, quoting them here. It started end of 2021 and ended somewhere in 2022. We won the deal a couple of quarters ago and as previously reported, Deutsche Bank has been brewing plans to offer crypto custody and trading services to its clients over the past three years, since 2020. The bank most recently applied for a digital asset custody license from Germany's financial regulator, Baffin, in June of this year, as it continues plans to offer its customers access to crypto markets as well as assets. Now brain, aka, confirm, whoever that is, the agreement is global in scope with tourists providing custody and tokenization tech in line with the local regulatory requirements. Let's get it. Good stuff. And I appreciate the live chat right now. I am tuned in and checking you guys out. Much love. Any questions, feel free to drop them. And again, at the end of our premiere story with Fidelity, we're gonna be reading those comments out loud. Anyways, announcing the partnership, Deutsche Bank Global Security Services head, Paul Maly, said that crypto space is expected to grow to trillions of dollars of assets and is likely to become a priority for investors and institutions. Preach, that's a given, right? Meanwhile, Deutsche Bank's asset management arms, DWS Group, had reportedly been in discussions to invest in two different German -based crypto firms in February of this year. This includes crypto exchange -traded product provider, Deutsche Digital Assets, and market maker, platform, Tradius, Deutsche Bank Singapore, and Memento Blockchain also recently completed a proof of concept called Project DOMA, which stands for Digital Asset Management Access, which allows for the management of digital funds and tokenized securities. And founded in Switzerland in 2018, Taurus' Series B round was led by Credit Suisse and included the likes of Deutsche Bank alongside Arab Bank Switzerland, indicating major interest from traditional financial banks. Let's go. The announcement of its Series B round also clearly outlined Taurus' aim to serve tier one banks in Europe. And they also told Cointelegraph that the platform serves close to 30 banks, with most deals going beyond cryptos to including tokenization of equity debt as well as other products. Deutsche Bank is set to offer customers crypto custody options through a partnership with the cryptocurrency infrastructure platform, Taurus. Now obviously, this is a major, major deal when you have a $800 billion asset manager, such as Deutsche Bank, partnering to offer Bitcoin custody for institutions around the world. The bank can now officially hold crypto directly for their clients. So there we have it. Another one bites the dust. And now for the moment you have all been waiting for. Let's discuss this $4 .5 trillion asset manager, Fidelity, which I believe, correct me if I'm wrong, is the second largest asset manager in the world, next to BlackRock that controls over 10 trillion in assets under management. They're predicting, their head of global macro, Julian Timmer is predicting that the Bitcoin price hit $1 billion per coin. So let's break this down, shall we? And then we'll dive into our live Q &A. Here we go. Fidelity's prediction for Bitcoin. We have Julian Timmer, director of global macro at Fidelity, put forth the notion that Bitcoin, the king crypto, has the potential to reach a value of $1 billion per BTC in roughly two decades, specifically around the year 2038. So there you have it. Right now we're in 2023. So what is that? Roughly like 15 years out. To supply the forecast, Timmer employed a combo of models and charts with particular focus on the stock to flow model and his own demand model. These analytic tools form the foundation for his primary prediction. And speaking of stock to flow, massive shout out to Plan B, creator of the Bitcoin stock to flow model. Now he believes, along with the stock to flow, the data, which doesn't lie, that the Bitcoin price is subject to hit between 100 ,000 and a million dollars after the halving in 2024. Let me know if you agree or disagree with the stock to flow prediction. And now we'll get back to this analysis from Julian Timmer of Fidelity. The above demand model employs Metcalfe's law, and according to the numbers of its users, grows linearly, the network's value, or interfiends, the Bitcoin price, grows geometrically. This means that the utility of the adoption of Bitcoin are expected to grow more rapidly compared to its network of users, exchanges, ATMs, and participating retailers. Therefore, this model predicted that the Bitcoin price will reach $1 million, which is seven figures, by the year 2030. Now I'd also like to throw out there, we also have Cathie Wood of ARK Invest predicting a $1 million Bitcoin price by the year 2030. In fact, if you've been following my show, then you know her bear case scenario is over a quarter million per BTC in 2030, her base case is over 600 ,000, and her bullish case is $1 .48 million per BTC. There's other big analysts and financial institutions as well, just as bullish as Cathie Wood. So I just wanted to throw that out there that there's others in agreement with Jurien Timmer thus far on this Bitcoin price prediction. So yeah, in contrast, Timmer's stock to flow supply model noted the event of significant price surges during each halving event. Consequently, when considering this model in conjunction with the other factors, it foresees a Bitcoin price range of $1 million to $10 million for Bitcoin defined by the year 2030. Timmer's demand model is more inclined towards reflecting the bottom of the Bitcoin price. But on the other hand, the stock to flow model seemed to provide a better approximation for the peak of Bitcoin. However, it's worth noting that the disparity between these two models widened significantly beyond the year 2030, which is where things get interesting. The reason behind this gap is expected to be the changing value of the dollar, as many, many economists are anticipating the crash of the dollar in which Jurien Timmer is as well. So Timmer proposes that the value of the dollar undergoes fluctuations over time when compared to other traditional assets. For instance, if just $1 was invested into the stocks during the 18th century, its present -day value would be roughly $4 billion. You mean to tell me $1 invested into stocks in the 18th century is now worth $4 billion? That tells you everything you need to know about fiat currency, folks. Now similarly, Timmer implied that if $1 million was invested today, it can grow to $1 billion in just a span of 20 years. This further revealed that the purchasing power of the dollar has significantly reduced due to factors like inflation and depreciation, and let's not forget, money printer continued to go. Just saying. Thus, Timmer's statement implied that keeping a fixed amount of dollars for many years may lead to a reduced purchasing power due to the assets' changing value, and over the last few years, an increasing number of are companies taking over the $1 trillion market cap, and as a result, it's foreseeable that in the next two decades, the concept of a trillion -dollar valuation will become more common. Yes, right, so much that individuals themselves could be worth a trillion dollars or even more. The scale of numbers may even reach the quadrillion range. Like, whoa, so is this milestone still achievable for Bitcoin is the million -dollar question. So despite Bitcoin's historical growth, it had recently faced a significant setback. Bitcoin's network activity had diminished, and it had fallen behind in comparison to Cardano's network, for example, the number of active addresses in the Bitcoin market had experienced a notable decline when compared to the levels seen in 2021, but we also gotta note that we're currently in a bear market, past couple of years. We hit the cycle peak back in 2021, and we soared. Remember COVID era? Bitcoin dumped all the way down to like $3 ,500 range, and within a year, by the end of the fourth quarter of 2021, we hit that all -time high, which is the current high of $69 ,000. So this just goes to show you how fast Bitcoin can climb during a bull market, and we know the past couple of years have been bearish as all hell, right, especially 2022. We had the collapse of Terra Luna. We had the collapse of FTX being the second largest crypto exchange at the time. There was mass contagion. Everything was impacted. We dropped to a new cycle low of 15 ,700, but I think the bottom is past us. What's your thoughts, chat? Do let me know in the comments so I can read those out loud here in a little bit, but let's finish up this prediction. The higher network activity, like increased transaction volume or active addresses, is viewed as a positive indicator for the growing adoption for Bitcoin. This can create a sense of confidence amongst investors, potentially leading to the rise in demand and positive effect on the price action, and although Timur's prediction may be considered far -fetched and lacks empirical evidence, it doesn't completely dismiss the possibility of Bitcoin reaching such levels. The concept of de -dollarization has gained stature, shifting global attention towards alternative currencies. The shift in focus is expected to drive the demand for assets like golden crypto, such as Bitcoin, and with BRICS pushing for the fall of the dollar, the BRICS currency and Bitcoin are expected to garner continued momentum. So there you have it, fam. What are your thoughts surrounding this whopping $1 billion price prediction for the king crypto by the year 2038? Do you think it's realistic? And before we even got to that billion prediction, what about $1 million by the year 2030? Do you think this is realistic? Do you think this is a pipe dream? Do you think this is conservative? What's your honest thoughts? And where do you feel the dollar is likely to go over the course of the next few years? Do you think it will not even be in existence and will be replaced by the digital version, which is the CBDCs, central bank digital currencies that Congressman Tom Emmer and many others are warning you about? Let me know your honest thoughts. 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.
CoinDesk Podcast Network
A highlight from MARKETS DAILY: Crypto Update | Franklin Templeton Joins List of Asset Managers Wanting Spot Bitcoin ETF, With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. To make sure you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto sentiment continues to be weak. Earlier today, crypto prices recovered part of yesterday's slump but are still down on the previous day. As at 10am Eastern Time, Bitcoin was trading just over six tenths of a percent lower than 24 hours ago, at $26 ,122 according to Coindesk Indices. Ether was down almost eight tenths of a percent, trading at $1 ,596. Yesterday, Bitcoin dominance, which is the Bitcoin market capitalization as a percentage of total market capitalization, popped back above 50%. This means that Bitcoin now accounts for half of the whole crypto market. Usually, a rising Bitcoin dominance suggests that investors are rotating out of smaller tokens and into the relative safety of crypto's largest and longest -running asset. A falling Bitcoin dominance points to greater investor confidence as they move out on the risk curve in search of higher gains, focusing on smaller, more volatile tokens. So, the rise of Bitcoin dominance over the past week confirms what the prices have been telling us. Investors are uneasy, but Bitcoin is outperforming other crypto assets. Moving on to traditional markets, U .S. markets are slightly up this morning as traders digest the U .S. inflation data out earlier. Month -on -month U .S. inflation for August came in as expected at 0 .6 % versus July's 0 .2%. But the annual figure was slightly higher than forecast, showing an increase of 3 .7 % versus July's 3 .2%. Month -on -month core CPI inflation, stripping out energy and food prices, was also slightly higher than expected at 0 .3 % versus July's 0 .2%. The data is moving in the opposite direction from what the Fed would like to see, which is strengthening conviction that another rate hike this year is likely. CME futures are signaling more or less even odds that the Fed will hike again at or before the December FOMC meeting. There's some more key data to come out, though, before the FOMC meeting next week. Tomorrow we get retail sales expected to show a slowdown, and next Tuesday we should get some more clarity on the state of the U .S. housing market. The market is not expecting the Fed to raise rates in the September meeting, and it would be very unusual for the Fed to go against short -term market conviction. As at 10 a .m. Eastern Time, the S &P 500, NASDAQ and the Dow Jones were all up roughly 0 .2%. Over in Europe, the FTSE 100 was flat on the previous day as investors digested weaker than expected GDP data. The British economy shrank 0 .5 % in July, the biggest decline so far this year and reversing a 0 .5 % expansion in June. European stock markets are trading weaker, with Germany's DAX index down 0 .4%, as at 10 a .m. Eastern Time. The Euro Stoxx 600 index is down almost 0 .3%. Trader attention is focused on the European Central Bank's policy meeting tomorrow, with the possibility of a tenth consecutive interest rate hike weighing on sentiment.
Markets Daily Crypto Roundup
A highlight from Crypto Update | Franklin Templeton Joins List of Asset Managers Wanting Spot Bitcoin ETF, With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. To make sure you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, Coindesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto sentiment continues to be weak. Earlier today, crypto prices recovered part of yesterday's slump but are still down on the previous day. As at 10am Eastern Time, Bitcoin was trading just over six tenths of a percent lower than 24 hours ago, at $26 ,122 according to Coindesk Indices. Ether was down almost eight tenths of a percent, trading at $1 ,596. Yesterday, Bitcoin dominance, which is the Bitcoin market capitalization as a percentage of total market capitalization, popped back above 50%. This means that Bitcoin now accounts for half of the whole crypto market. Usually, a rising Bitcoin dominance suggests that investors are rotating out of smaller tokens and into the relative safety of crypto's largest and longest -running asset. A falling Bitcoin dominance points to greater investor confidence as they move out on the risk curve in search of higher gains, focusing on smaller, more volatile tokens. So, the rise of Bitcoin dominance over the past week confirms what the prices have been telling us. Investors are uneasy, but Bitcoin is outperforming other crypto assets. Moving on to traditional markets, U .S. markets are slightly up this morning as traders digest the U .S. inflation data out earlier. Month -on -month U .S. inflation for August came in as expected at 0 .6 % versus July's 0 .2%. But the annual figure was slightly higher than forecast, showing an increase of 3 .7 % versus July's 3 .2%. Month -on -month core CPI inflation, stripping out energy and food prices, was also slightly higher than expected at 0 .3 % versus July's 0 .2%. The data is moving in the opposite direction from what the Fed would like to see, which is strengthening conviction that another rate hike this year is likely. CME futures are signaling more or less even odds that the Fed will hike again at or before the December FOMC meeting. There's some more key data to come out, though, before the FOMC meeting next week. Tomorrow we get retail sales expected to show a slowdown, and next Tuesday we should get some more clarity on the state of the U .S. housing market. The market is not expecting the Fed to raise rates in the September meeting, and it would be very unusual for the Fed to go against short -term market conviction. As at 10 a .m. Eastern Time, the S &P 500, NASDAQ and the Dow Jones were all up roughly 0 .2%. Over in Europe, the FTSE 100 was flat on the previous day as investors digested weaker than expected GDP data. The British economy shrank 0 .5 % in July, the biggest decline so far this year and reversing a 0 .5 % expansion in June. European stock markets are trading weaker, with Germany's DAX index down 0 .4%, as at 10 a .m. Eastern Time. The Euro Stoxx 600 index is down almost 0 .3%. Trader attention is focused on the European Central Bank's policy meeting tomorrow, with the possibility of a tenth consecutive interest rate hike weighing on sentiment.
Discerning Hearts - Catholic Podcasts
A highlight from Episode 10 The Drama of Atheist Humanism Fr. Joseph Fessio S.J., Vivian Dudro, and Joseph Pearce FBC Podcast
"Ignatius Press and the Augustine Institute present the Formed Book Club. Catholic book lovers unpacking good books, chapter by chapter. If you like us, please help us by subscribing, and by reviewing us on Spotify, Apple Podcasts, or wherever you might listen. And don't forget to sign up for weekly updates and study questions at formedbookclub .ignatius .com. Welcome again to the Formed Book Club. We continue to discuss Ari de Dubac's extraordinary book here, The Drama of Atheist Humanism. We've done enough now that we can maybe situate where we are as we go forward. You know, the first part, called Atheist Humanism, focused on Feuerbach, Marx, and Nietzsche, with a side note on Kierkegaard, but now part two is Auguste Comte and Christianity. And covered we the first chapter here, the meeting of Comte and Atheism. We're on the second chapter, Christianity and Catholicism. There's four sections, we took antisocial Christianity, where he claims that Christianity is antisocial, because it's basically the soul and God and eternity. Part two is section two is Jesus and St. Paul, where he says St. Paul corrected Jesus and set things straight. Now we're on two interesting parts here, the work of the Catholic priesthood and the Holy Alliance. So we begin again on page 192, section three of chapter two, chapter one of part two. The work of the Catholic priesthood. Joseph, take it away. Well, again, right at the beginning of the first paragraph of this section, towards the top of page 193, it's his weird understanding of history. He seems to believe that Catholicism, strictly speaking, did not come into being until the 11th century, and which by the 13th had already passed into the phase of decadence. So basically the Catholicism didn't even come into being until a thousand years after Christ and only lasted for a couple of hundred years before it basically decayed. So if you're going to begin your understanding of the church with such a warped understanding of history, it's no surprise that all sorts of odd conclusions are going to be the consequence. And the reason why he dates it that way has something to do with what Father said in his introduction. He thought Christianity, in its essence, was something that just had to do with the individual and God. And so if what he wants to worship is the collective, well, that reaches its apex, if you will, in terms of social organization in Christendom, right? So what he thinks is the essence of Christianity are these exterior forms holding together a cohesive society. And that just comes and goes, right? It came and it went, in his view. But if you're looking at worshipping the collective, it makes sense that that's why you would look at it that way. He's mistaking the tree for the fruit, isn't he? I mean, this good thing was a consequence of a thousand years of of inheritance, and it took that long for it to actually mature into the fullness of what you might call the High Middle Ages. But it's obviously a fruit of the thing, which is Catholicism. The thing didn't come into being as some sort of spontaneous combustion, evidently. Yes. I mean, the first quote in that paragraph at the beginning on page 192, where Cope says, since the year 1825, our writings have shown an increasing respect for Catholicism, as he understands it, the immediate and necessary precursor of the religion that has, above all, to consolidate and develop the structure that first took shape in the 12th century. And again, you have this theory of Catholic history that it was just a kind of amorphous movement of Jesus, you know, love and be kind and compassionate. And then after it became a state religion or approved by the state under Constantine in the fourth century, it became hardened in its structure. Oh, but then we have what secular theologians call the Dark Ages. And after the fall of the Roman Empire, there was a lot of confusion, but the church was still present in her God -given form during that period. But he sees, as you said, Vivian, at the end of the Dark Ages, he'll call your Middle Ages, 12th or 15th century, here's where there's a consolidation, and you see the social character of the church in Christendom. By the way, you know, de Lubac writes this during the 40s, his first major work was in the 30s called Catholicism, the social aspects of dogma, in which he made very clear that from the beginning, the Catholic faith has had an intrinsic social connection, which makes sense as a church, after all, we're not an aggregate of individuals who have no relation to each other, except for the fact that we happen to hold the same attitude towards Jesus. Sorry, I'm wandering on there. As Chesterton said in, I think, The Everlasting Man, it could have been orthodoxy, that the church was the only thing that was the bridge that connected the civilization of Rome with the civilization of the High Middle Ages. The church was the connector between the two, the bridge, so it's not as if it just arises out of, as if by magic. And that's what he, he's an everlasting man, where he calls Christ the Pontifex Maximus, the greatest builder of bridges. This Pontifex, pontiff, we have in English, means pawns, bridge, fatre, to make, to build. So it's basically the bridge builder. But he reduces the papacy to being the centralized authority of the church. And, and so he actually wants to replace the pope with himself. But he's actually going to require such total obedience and control, unlike anything the church ever did or ever desired to do. But yes, he talks about on the top of 196, it was by this means, meaning the papacy, that the bonds of society were strengthened. He sees that you can't have the strong bonds of society that he aspires to, you know, a humankind in love with itself without a total authority at the top. Yes, and as we're progressing into the heart of Auguste Pont, you know, Burubak has all these citations that really back up what he's saying about him. I just wonder, he's a brilliant madman. And it kind of like Nietzsche was a brilliant madman, you know. And as we said before, hardly anyone knows that name now. Whereas Nietzsche, Marx, even Feuerbach, those are somewhat household words among the intelligentsia. And we have to ask ourselves a question, we could finish them off. Was he really influential or was it just that he had the thoughts he had ended up being part of the signs of the times and because he, I mean, his life and his writings and his philosophy kind of foreshadow the whole great reset, globalization. Yeah, and some of it sounds very Orwellian in the sense of it also seems to prefigure totalitarianism of the 20th century, you know, where the system, so politics and sociology united in a tyranny. And that seems to be what he's calling for. Obviously, he wanted to be the Fuhrer and that didn't happen. But basically other people became Fuhrers in his wake, so to speak. Well, the reason why his thought is a big part of the air that we breathe is because he wanted to turn all knowledge of everything into a concrete science, including the knowledge of man himself, the knowledge of the universe, everything he wanted to reduce down to a science. We wouldn't have the expression political science if it had not been for Comte. So the whole, in fact, social science, you know, every university has a social science department, as if these things are sciences in the same way that physics and chemistry. Yeah, you hit the nail on the head there, because as we see later on, he actually, he criticizes empirical science. So in other words, he criticizes the hard sciences because the hard sciences should subject themselves to sociology, to society, to an understanding of anthropology. So, you know, so he's actually becomes, he begins by being someone who uses the empirical sciences as a method of beating God. And then when he seeks to establish his own sociological religion, he then attacks the sciences because they are a threat, because they've got to question some of his presumptions and he's not into being questioned. We'll return to the Forum Book Club with Father Joseph Fessio, Vivian Doudreaux, and Joseph Pierce in just a moment. on the Discerning Hearts free app. Did you also know that you can stream Discerning Hearts programming on numerous streaming platforms such as Apple Podcasts, Google Play, iHeart Radio, Pandora, Spotify, Stitcher, TuneIn, and so many more. And did you know that Discerning Hearts also has the YouTube page? Be sure to check out all these different places where you can find Discerning Hearts. Everything is yours. Do with it what you will. Give me only your love and your grace. That is enough for me. Amen. Amen. We now return to the Forum Book Club with Father Joseph Fessio, Vivian Doudreaux, and Joseph Pierce. He's not so much attacking the sciences for the inability to get the truth, but rather, he has what I think is a legitimate criticism. That is to say, the hard sciences progress by specializing more and more and losing often the larger picture. And so he's in need for something synthetic because science takes things apart and makes small and smaller areas where people, I mean, I live with a Jesuit in Germany. They call him Blitzlach because he was so slow. I mean, in his thinking and walking and everything. But he did his doctorate on the heat -sensitive organs in cockroach antennae, but a specific species or variety of cockroach. And in Germany, you have to do a second doctoral thesis called a meditation to be a professor. So he did his second thesis on the moisture -sensitive organs in cockroach antennae. Well, I mean, there's no question about it. This was the world expert on the antennae of these cockroaches. But where does that fit? Big picture thing. And so, you know, Kant would say, look, we have to unify this some way. And therefore, he sees sociology and he's the father of sociology. That's right. As the master of science.
Awards Chatter
A highlight from Wim Wenders - Anselm & Perfect Days
"Wait. Are you gaming? On a Chromebook? Yeah. It's got a high -res 120Hz display, plus this killer RGB keyboard. And I can access thousands of games anytime, anywhere. Stop playing. What? Get out of here. Huh? Yeah. I want you to stop playing and get out of here so I can game on that Chromebook. Got it. Discover the Ultimate Cloud Gaming Machine. A new kind of Chromebook. Hi, everyone, and thank you for tuning in to the 506th episode of the Hollywood Reporters Awards Chatter Podcast. I'm the host, Scott Feinberg, and my guest today is one of the most significant filmmakers of the last 50 years. His credits include classic narrative films like 1984's Paris, Texas, which won the Cannes Film Festival's Palme d 'Or and brought him a Best Director BAFTA Award. And 1987's Wings of Desire, for which he won Cannes' Best Director Prize, as well as documentary films such as 1999's Buena Vista Social Club, 2011's Pina, and 2014's Salt of the Earth, each of which brought him Best Documentary Feature Oscar nominations. And now, at the age of 78, he is out with two new films, one a narrative, Neon's Perfect Days, the story of a Tokyo toilet cleaner, for which Koji Yakusho won the Best Actor Prize at this year's Cannes Film Festival, and the other a 3D doc, Janice Films' Anselm, about the art of the German painter and sculptor, Anselm Kiefer. The recipient of the Berlin International Film Festival's Honorary Golden Bear in 2015 and the Telluride Film Festival's Silver Medallion Award this year, he has been described by The Guardian as one of the key figures, along with Fassbender, Herzog, and Schlondorf, of the new German cinema movement that reinvigorated West German film in the 70s, and gave the country of Marlene Dietrich, UFA, and F .W. Murnau a bona fide cinematic movement to rival the Nouvelle Vague, by The New York Times as a film visionary and a great hero of art film audiences everywhere, and by Turner Classic Movies as one of his generation's most appreciated independent filmmakers, VIM Vendors. Over the course of our conversation at the Toronto offices of Elevation Pictures, the Canadian production and distribution company, the 78 -year -old and I discussed his circuitous path to filmmaking and the challenges of forging a career as a filmmaker in Germany back when he was starting out, what led him to America for a number of years and then back to Germany, why he moves between narrative and documentary films as often as any filmmaker except perhaps Martin Scorsese, and why he is particularly committed to making 3D docs, plus much more. And so without further ado, let's go to that conversation. Mr. Vendors, thank you so much for doing this. Great to have you on the podcast. And to begin with, just for anyone who may be living under Iraq and doesn't know, can you share where you were born and raised and what your folks did for a living? So I'm Wim Vendors and I was born in Germany right after the Second World War in August 1945, in a fateful week for the Japanese people. Grew up in post -war Germany, wanted to become a painter. First studied philosophy and medicine but then really drew up the courage to go fully for painting and cocky as I was, I went to Paris thinking that's where you become a painter and instead of becoming a painter in Paris, I became a filmmaker because I discovered the Cinematheque and that you can see the entire movies of the entire world and every screening was for 25 cents, so I saw about a thousand movies in the course of a year and after that it was decided. It wasn't painting, it was movies. Right. Now just to go backwards for a moment though, you've spoken about sort of this sense of growing up in Germany after the war, there were a lot of secrets, a lot of darkness, unanswered questions and you've talked about your parents having, I guess, photos that really kind of maybe opened your mind to the world beyond where you were from. Can you talk about that? Well, when I was a little boy and I started school, the growing up world was very, very busy, reconstructing the country and looking forward to the future and it was all positive and beautiful and you realize even as a boy there's something wrong. Why isn't the past ever a subject and why does nobody look over their shoulders? And eventually you realize all that building and all that effort to rebuild the future was in order to, as fast as possible, forget about the past. And when I saw pictures from the past, also family pictures, there were all these uniforms and, I mean, my father was a doctor in the Second World War and as soon as he finished his studies, they threw him to the front and he was a surgeon and for four years he didn't do anything but put people back together.
Evangelism on SermonAudio
A highlight from The ABC's of Personal Evangelism 2 Cor 2:12
"All right, we're in 2 Corinthians chapter 2 and verse 12, Furthermore, when I came to Troas to preach Christ's gospel, a door and a door was opened unto me of the Lord, a door. Now we know that we need to be stirred for souls, that's no secret. We all need to be stirred for more souls. Every once in a while we get stirred a little bit and that's good. We need a more intense stirring for souls. We know the Bible has several examples of personal evangelism including our Lord Jesus Christ who did a lot of personal work and led people to God. In this hour we want to look at the ABCs of personal evangelism, that's the title, and I'll have a handout for you at the end that will have all the outline and the material in it so you can just listen and let the Spirit work on your heart in this session. These are practical things that will help you to win the lost souls to Christ. Notice in our text that Paul went to a certain place with the intent of telling them the gospel. He went to a certain place, I came to Troas to preach Christ's gospel and when he did he found a door open to him. Now we will never find those open doors unless and until we too are intent on telling the one. Open doors are for those willing to walk in the Spirit in the matter of witnessing to the lost. So I want to give you in this session 11 practical points. It's a teaching session and it's just practical nuts and bolts of personal evangelism and we need it. There may be 7 points that you already know but those other 4 points can make all the difference in your own personal evangelism. So listen keenly for that which will help you to be better in witnessing. Let's pray. Heavenly Father in Jesus' name thank you for our sessions already and the motivation to humble ourselves and to pray for a revival. I pray Heavenly Father for this session that we will become better at evangelism. Lord I need to get better at it. All of us need to get better at it. Help us to see what we can glean from this session that will help us in this important matter. In Jesus' name we pray, amen. First of all 11 points, they're short so we won't be here for 2 hours but I don't think. Write out your personal testimony. Write out your personal testimony. Now Matthew chapter 5 and verse 19 says, Howbeit Jesus suffered him not, but saith unto him, Go home to thy friends, and tell them how great things the Lord hath done for thee, and hath had compassion on thee. Tell others what the Lord's done for you. But you know sometimes we need to sit down and think about that thing and you need to easily be able to tell someone else how you came to Christ. Tell them what a great thing happened to you. The easiest way to clarify how to do this best is to sit down and write it out. So that's what I did in preparation for this message. I sat down and wrote out how I came to Christ. It's not hard but you have to get going. You got to start somewhere. You aren't going to tell someone unless you can articulate it. So you need to write out your personal testimony. How many here have already done that? You wrote it out. Let me see your hand, numbers of you, wonderful. I challenge you to think about doing that and I would do it earlier than later as soon as you can. Number two, that's number one, write out your personal testimony. By the way, when we were at a lull in our evangelistic efforts, going out efforts in our church, the Lord prompted me to go to a soul winning, I don't even know what they called it anymore, soul winning conference for three days and took nine other people, surely me and eight other people went with us. Your pastor and his wife went with us to that session. Remember that? You taught it here? Yeah. Well that session, that session if you remember was the coldest night, I think the coldest night since I moved to Brogan. It was freezing that night and that's the night that we had to go out with one of the people there and it like froze to death but we did it and then we came back and we did the same thing at our church and then it wasn't long before your pastor and his wife went out in deputation subsequently to Germany and then to Canada and back then to here.
Discerning Hearts - Catholic Podcasts
"new germany" Discussed on Discerning Hearts - Catholic Podcasts
"Is asking everybody what they're going to do after Germany wins the war and he says he wants to be a Catholic priest and the sergeant mocks him and says, you know, we won't need priests in the new Germany because everybody will have everything they need and he says that two convictions fill on my soul at the same time. I was completely convinced that Germany would never win the war, and the second thing was that after we lost the war, we would need priests more than ever, and it's a beautiful story. But it gets to the problem of far times where we've drank the Kool-Aid of the idea if we just have the material things that we need as a community as a society, we're going to be happy and everybody can kind of believe what they want and exercise their personal autonomy and it doesn't hurt each other to be able to do exactly what you want and your inner convictions don't really. As long as you have material abundance, you'll be okay. And whether it's communism or capitalism or national socialism, that anybody who believes that is intoxicated with materialism in materialism for him, it robs you of hope, it robs you of a future because in materialism whatever system you want, the fundamental problem is that you're afraid of reality. You view reality as something you need to manipulate and control in order to secure the minimum material things you need to survive. In other words, reality is somehow against humanity in that worldview. Our faith, the life of prayer opens up in just the opposite. The reality in which we live is a gift from God to me personally and to my brothers and sisters. And so it's not something for me to control and manipulate that I have to be afraid of. It's something that I can approach with hope and confidence with God because I know God's good and I can trust God. And so I can trust reality and I can trust in the goodness that he's sewn into the world around me and entrusting in those things. I can dare to have gratitude and Thanksgiving live my life with kind of a confidence that God has taken my side and everything's going to work out and in fact because of the eucharist not only believe that has kind of an abstract hope but actually experience it every day at mass has Jesus gives himself to the church, giving himself once and for all and yet every
Bloomberg Radio New York
"new germany" Discussed on Bloomberg Radio New York
"Difficult communique and potentially they're just won't be one. I'm Marie. Thank you. Heading off to the G 20 safe travels and Maria, I think we'll catch up a little bit later on Bloomberg TV around the open. Tom, I've asked the question as to whether this G 20 communicate next week, if we have one, we'll read like the fed minutes. One country says this a couple of countries say this. It's very, very difficult. To agree on anything right now. I'm hugely biased on this, and that my childish view is Pittsburgh really mattered. And I only think the reason the G 20 Pittsburgh meeting mattered is this is close to us. And valleys on the other side of the world is American foreign policy American international relations, western international relations, really going to pay attention. Transatlantic relations. Yeah. I'm fascinated about the relationship between Europe and this White House. This administration Tom. I think it's a bit of tension there that hasn't been spoken about enough over the last couple of weeks. Yeah, well, and it's going to come out here. I mean, there's no question. Between Germany and the U.S. specifically. Yeah, well, and what is the new Germany or the next Germany look like? I think there's some real uncertainty on that. Look, we have stopped one year. Committee and times is not conscious. That's they outsource their security to America over the last several decades. They outsource their energy security to Russia and their economic security to China. And they're still still very close to Chinatown. I just looked at the groups of the World Cup. That's how you distract you. United States England Wales Iran. That's really exciting. The United States and I think the England game is on, is it the Monday when we're on air at about 8 a.m.? We
Bloomberg Radio New York
"new germany" Discussed on Bloomberg Radio New York
"Really emotional moment when the state gun carriage passed with my fellow officers and sailors and also seeing the royal family but ultimately a grieving family. That was one of the guard lieutenant commander Michael Quinn, who the royal family is continuing with another week of remembering and reflecting so they won't have any official engagements. Okay, well, in other business, it's a very busy week for central banks and for the government, Leanne, what are we looking out for today Leanne garand? Good morning, Lizzie, so at 8 30 a.m. London time, Sweden's rate decision is due well, policymakers are expected to raise rates by 75 basis points, and of course we'll bring you all those breaking new lines in when they do hit the terminal. Then at one 30 p.m. UK time we expect U.S. housing starts data. Watch for the effect of higher mortgage at rates over in the U.S. when that data does come in, then at 6 p.m. UK time, it's the U.S. 20 year bond auction, the treasury plans to sell two $12 billion worth of 20 year bonds. The ECB president Christine Lagarde, she will be giving a speech in Frankfurt and finally hundreds of workers at one of the UK's largest container ports go on strike for the next two weeks, unite members at the port of Liverpool have turned down a pay offer from the peel ports group, which actually does own the site. So we're seeing some more strikes today. Steven. Okay, Leon, thank you very much for that. Well, let's turn to the energy crisis next in Europe. The German government is to spend billions of Euros more on buying liquefied natural gas as it scrambles to replace supplies from Russia to documents seen by Bloomberg showed that brilliant is setting aside and there are two and a half €1 billion for gas on top of the one and a half billion that it's already spent. More or less speak to our Asia energy editor rob for a dance good morning to you, rob. Was this move by Germany to be expected? Good morning, Stephen. Yes, I think this is not a month surprising new Germany. We've seen similar moves by Japan, which recently agreed to help us utilities secure additional LNG if needed. Because prices are at a record high and traders are struggling farms. Yeah, I think the German government is doing what any government would do and doing whatever it can to make sure its citizens can keep warm as well. So what's the knock on effect elsewhere for European countries that are scrambling for energy supplies? Naturally, the more the
Bloomberg Radio New York
"new germany" Discussed on Bloomberg Radio New York
"Has delayed offering the securities Meantime crypto platforms are asking for rules but they have a favorite watchdog while the security and exchange commission is signaling that it wants more oversight over digital asset markets The industry is making it clear that it prefers to be supervised supervised by the smaller commodity futures trading commission and that your Bloomberg crypto update live in New York I'm renita young Bloomberg radio Karen Brian ready to thank you and that's a Bloomberg business flash Tom and Paul So much the hallmark of what we do Paused when you in time keen here as we change in the news changes and the news just changed It's simple as that Simon Casey out of England is uniquely qualified to talk to us about global energy with a focus always on the Americas except now we look to Russia Simon stunning headlines for mister Putin These are a series of formal headlines folks and let me go to the money headlines Simon Casey Vladimir Putin active contracts will be halted if demands not met Is this just a game of chicken between mister Putin the ruble of dollar other currencies besides a dollar and people that need his commodity product I think with probably sitting again with chicken but look the stakes are incredibly high in that right When we in the run up to the invasion and we weren't a lot of people weren't even sure if the invasion was going to happen there's a lot of talk about the weaponization of energy We kind of hear now This is basically the weaponization of energy The Russians need that they need that income from the gas It's an enormous business for them Germany can't really do without it most of Western Europe can't really do without that gas I think as we reported earlier this week Germany started the first phase of a gas rationing program Which doesn't mean they're going to do it but they're putting everybody on alert but folks this could happen We may be faced with very serious prospects of having to ration gas supplies to industry to consumers And maybe Hollywood and it may be say a movie like stand by me and that's an easy game of chicken and that's a script How do you want to hydrocarbon experts believe Germany reacts or this game ends of two cars coming at each other No it's a hard one to call because we're in uncharted territory here It is It's all brand new isn't it It's all brand new Germany spent basically the post Cold War era trying to make friends with Russia and tying its industrial future to Russian gas supplies And within the space where are we now less than 6 weeks They've torn up that script and they've said we're going to plan for a future without Russian gas and we're going to build LNG in poor facilities and we're going to import the U.S. gas We're even going to consider doing a U turn on nuclear power So who knows where this is going to end quite frankly but when you see these headlines going through they are justifiably quite alarming What is a market making here I'm going to crude oil off about 4% here WTI and Brent here Maybe on the backs of the Biden administration saying they're going to get aggressive and releasing more reserves How do you see that Right Well I mean that's the other big news last night I mean the great scoop from our colleagues in Washington there on the big big drawdown plans and we're expecting confirmation about later today when Biden speaks That's the biggest effort drawdown front I will be the biggest ever drawdown from strategic petroleum reserves in the U.S. It's enormous I mean we're talking about a million barrels a month potentially for several months maybe 6 months The oil price did drop down overnight It's down about 5 6% There's a lot of debate about whether this really works the way Biden would like it to work There have been two similar announcements I think over the last 5 months now one in November and we have something again in March Releasing millions and millions of barrels something like 80 million barrels were pledged It has the price lower now I mean we've gone through other shocks we've gone through the invasion of course It's difficult to say it hasn't worked but does it work in the longer term there's a lot of debate about that Simon thank you so much Simon Casey with us this morning on oil headlines for mister Putin will continue to watch that Maria today are this morning in Budapest for the Hungarian election Paul I made a joke The first national bank of Apple Yes You're the only one in the building who's old enough to remember like me grocery stores They're going to be banks Sure Walmart They're going to be banks Can Apple do it off Mark gehrman's shaking earth shaking story today Absolutely I think you just think about what's happened over the last two years people like me and Utah We've actually gone digital with our personal banking I kind of wasn't really into that game before but now you are I can't remember the last time I was in a branch So that really goes to Apple If we're spending more doing more and more transactions on our phone I mean I'm doing wire transfers between institutional banks on my app just on my Wells Fargo app So I think if I'm Apple I'm saying bring all of that in-house A lot of people are using Apple Pay There's a lot more we can do I got 8 questions here We'll continue on this through the hour but real simple two fancy executives at Davos both told me separately they completely underestimated the speed to digital of retail Goldman Sachs leading the way here is Goldman Sachs had the upper hand to affect a financial bank for mister cook You know I don't know I think I personally think Goldman has not done a great job with their digital banking I'm not sure it gets the focus at Goldman Sachs or the resources But Apple is a whole nother argument there If Apple sets its sites on consumer financial services we just know they're going to be successful because there's 2 billion of these devices out there across the world So instant market share We're watching many stories this morning including getting this market open here the final day of the first quarter as I said Apple one 78 ish 1231 one 78 ish three 31 It's been a boring quarter Real snooze fest Stay with us for the excitement of the rest of this hour Those important headlines out of Moscow as well in the Kremlin So we'll stay on the oil story Brent crude one O 9 a barrel A little bit elevated in the last ten minutes Pausing in Tom keen to get the markets.
Bloomberg Radio New York
"new germany" Discussed on Bloomberg Radio New York
"The federal move away from some of that dovish proclamations that people were expecting even if the ECB is The NASDAQ very close to turning positive The NASDAQ down by 0.0 8% Let's get to it shall we global macro strategist at RBC Peter let's start here We're here from the president at 1230 eastern so about an hour in 20 minutes I want to understand and we've been asking this question of everybody What changed for you this morning What changed for you as you look across your forecast the research you've put out over the last few months What's changed for you Peter Well first of all I mean the risk that we have all been talking about now for weeks has crystallized So it's not sort of a probability of event anymore It has happened And it's happening right in front of our eyes Secondly we sort of at least in the beginning we know the extent of somebody increases in particularly the energy prices And I think the next big question market as you just have been talking about what's the response particularly over here in Europe of the ECB potentially the Bank of England So what has changed for me is that the risk spectrum has narrowed quite significantly and one of the key risk events has actually happened There has been a big sea change shift toward Europe over the past couple of weeks with a lot of fund managers saying they see greater greater potential rewards from European equities Does this change that based on the higher vulnerability to gas prices oil prices and the more I guess limited response that the ECB has I think to some degree it has in my mind what it does is it increases in the short term the inflation risk potentially quite significantly And when you look at what the market has been pricing two year inflation swap set up 40 50 basis points today So it increases that But one of the things for Europe in particular that's missing is we don't have wages going up So any increase in inflation decreases purchasing power and that it decreases consumption expectations and that potentially decreases GDP growth and ultimately I think that's sort of what's playing out And I think that's much more severe here in Europe than it is potentially in North America So I think that's what's crystallizing here Or at least in that North American European split you can see European equities are still down hard We talked about it briefly just a moment ago We have turned green on the NASDAQ a raised losses of more than 3% to turn positive by a tenth of 1% This just given the fact that these were down these stocks were down by more than 3% intraday at one point given some of the concerns around supply chains all shrugged off The buy the dip moment very much in the forefront Peter was this a buy the dip moment for the United States even if not for Russia not for Europe or is this just basically a head fake for a broader conflict especially with oil prices where they are Well I'm not quite sure whether this sort of a broader conflict we've heard before President Biden said we're going to defend NATO territory So I don't think that this specific conflict here is going to be broadening out We'll have to see obviously how it pans out and how long it takes but it appears to me that at least for the time being is an isolated one and the response is very much going to come in the sanctions as we've been talking about I mean keep in mind a lot of the European companies in particular particularly also the European banks have quite a lot of ties into Russia under the stronger ties potentially than the North American companies have And again sort of the impact the direct impact on the broader macroeconomic scene here in Europe is so much stronger than it is potentially in North America the dependency on oil and gas in particular is much much stronger So therefore I can definitely see that the impact between the two markets is quite uneven Peter schafer I want to touch on your heritage Your work and go to university in Frankfurt and all that you've done in Germany From where you sit in this crisis representing RBC I understand that Are you looking at a new Germany after miracle or do we overplay that Well they used to some degree I mean first of all I'm in the UK and more than 15 years but obviously I followed a situation in Germany very closely It is a different one I mean we know that Merkel had very close ties with what Maxwell's ties that's wrong had a very good sort of line into Putin she's for Russian So the two had much better diplomatic efforts here And we know for instance that the new administration has a much more sort of pacifistic wing to it and whether or not that plays out remains to be seen We really have to see that So but I do think there is a potentially a different response from Germany coming here Whether it's been foisted upon them through events that could well be the case and keep in mind the last time we had sort of a center left government in Germany This was the time of the Balkan wars and Germany was involved in that as well So I reckon the events will overtake what the government ultimately initially wanted to do Peter overcome by events as always Peter shaffer of RBC equities one off the lows in the United States on the NASDAQ and on the S&P 500 in the bond market well off the lows too We down 6 basis points on tens to one 93 on twos Let's work through the front end of the yield curve just briefly So on a two year yield at the lows we were down by 14 basis points Now we're down just 6 at one 54 On the ECB side of things we heard from governor holtzman a couple of hours ago who said that maybe we have to slow down the effort to kind of monetary policy and remove accommodation Slow down that effort Then we've heard from president Daly so Lisa I really want to really want to frame this that we've heard from a hawkish ECB member that sounds dovish and we've just heard from a dovish Federal Reserve member who sends somewhat hawkish still because as far as Mary Daly is concerned and here's the quote the line the headline We need to tighten policy Yeah and it's not clear that the geopolitical situation really alters that Just not only her but also Raphael bostic coming out also pretty much at the same time And.
Money-How
"new germany" Discussed on Money-How
"Nothing in a gentleman maybe September, but which could not last into the kawana. Because the other thing we watched, the toque fed missile, volleyball there is no Corsica theory in soda pozole. The chai version started to need cool design. It's a product. The coyote tuna were not there. For the sake of the political analysis, the relative number. I had some videos on the beach go. The team only presentation knows God obtains miserable device 3% or not, per chavani. In order to pitch people higher, since the country is soft, but you can easily blow out and material on. So phenomenal. In 3D which you took Asia cloud in the local and Dublin such as medium deal like a domino audience, some of which is a product in store. And they will select the term momentum or percentage. So glad co. Three store accessibility and SARS COV. And in terms of the hydrogen, it's not just a poor name, a tumor can be a double proxy that took a really thick there. It's not about sun's club. Don't make any November December. So it could continue to try to read those scenes at the stock. KBI pay on X will be done, but she is one of the important reasons she is a citizen advanced doorway. But I saw two of the crew to see puts in there and it's an opportunity segment because low click hold not to submit any path. So it would be to see the cursor with the Narwhal, which is lastly in executive edge. It doesn't seem easy to open. Dramatic auxiliary legato Netflix not poverty's mental health. But then it's a partners advice and brutality. And just a spawn guide to the garden. Amateur in GameStop in tickets. A retail team has clad the key saw with bureau of faculty. Sneaking positive in sentimental. Museum narrative. As they take retail legato, new Germany, so toca aggression in heads, the education. So the spot Swami positivity took short time. But. The decision would stop and I told us that the launch and then it's the Russian upgraded nostalgia miso tok retina could not make it on board the pneumonic. Coordinating. It was a training bottom fishing. It showed then takes an eyeball of battle. We still see it does a lot of different cocaine inflicts. So Verdun in.
Bloomberg Radio New York
"new germany" Discussed on Bloomberg Radio New York
"This is remote technology and Caroline Hyde Let's get back to the financial markets Bloomberg said ludlow keeping an eye on all things crypto today Yeah I mean cryptocurrencies broadly had been underselling pressure for a few days right There's been a lot of chatter out there about growing regulatory risks as a fantastic story on the Bloomberg about you know chartists basically looking to the technicals to try and find direction You can see with softer across the board as we spill into Thursday's session Bitcoin lower hovering average 7000 I wanted to zero in on Z cash though I've not really tracked this token in particular but it had a astonishing day Wednesday the best performing crips currency of those that Bloomberg tracks Look at its performance year to date It's kind of gone under the radar We don't talk about it as much with it sort of modest $260 per token value You can see it has performed well year to date not quite at the highs that it was at in May and it's interesting because it's very similar to Bitcoin right It has a limited supply 21 million tokens It's basically designed with privacy in mind but there is news on November 19th that the developers are going to move from a cryptocurrency to a proof of stake rather than proof of work You know I'll give myself some homework I don't really know the fullest end of what that means I'll go and where to find out There's a lot of chatter out there about this kind of being supportive of this particular coin I also really want a brief touch from coinbase There's always so many headlines about coinbase right All kinds of stuff You see we're actually softer by one and a half percent on Wednesday There was some M and a news There was news that kind of key Democrats are taking interesting koi based They're asking difficult questions writing letters to executive Here's the one I'm looking at Adidas or Adidas to some people tweeting saying it's originals brand and he just originals his partners with coinbase There's a tweet but they also say probably nothing And coinbase replies handshake emoji So Bloomberg news has asked each of these respective companies to comment and explain what they're talking about They haven't replied but I'm sure this is something we'll find out more about This is where we've got to in the world of cryptocurrencies in traditional business It's definitely Adidas though Let's face it It is definitely Well of course Nike been looking into all things NFTs as well I love low we thank you so much Meanwhile Kathy wood is chimed in and says China is not an uninvestable The ark investment founder and CIO exited most of our positions in Chinese talks earlier this year but says she sees a bit of an opening and she's waiting till the valuation does settles spoken of Bloomberg intelligence webinar with Bloomberg analyst Rebecca One of the reasons we built up our position in China in 2020 was because we saw China's response to the coronavirus crisis was much more responsible from a policy point of view both physical policy and monetary policy than many other countries around the world And we thought okay maybe China is going to become the new Germany or Switzerland known for its monetary discipline and physical discipline But what happened in November of that year was somewhat startling The episode with Jack Ma and watching how he and many other executives who had created incredibly rapidly growing and exciting companies they basically were told and maybe there was some reason for it But you know you're not welcome there anymore You go off and do some charitable work or whatever whatever the message was And so that's what they're doing We began we became concerned about that While that kind of rhetoric and activities taking place so you're right we pulled away very early out entirely out of our flagship not out of all of our specialized portfolios because in autonomous technology for example JD logistics JD dot com You know they have low margins very friendly from a capitalistic point of view And they're helping to push new goods and services into tier three and tier four cities which is great But there was so much uncertainty created by one regulatory crackdown after another and after We didn't know where it was going to stop Now we're seeing a little bit of an opening up even with the online education We see okay well you can't tutor children after school but you can tutor professionals And so now there's some a little bit more give there but we think the valuation of the Chinese market has been hurt significantly by this and that the way the Chinese market will have to grow and stocks will have to grow is if the underlying companies themselves grow back intelligence analysts Rebecca sin they're speaking with arcs Cathy wood around all things about China And I remember Kathy wood of course a big supporter of blockchain technology of certain exposure to crypto And Ron cheyne was developed for Newton soil decentralized currencies It's not just though crypto that benefits or indeed speculation that benefits Eva lab has partnered with Deloitte to use open-source blockchain technology to build software that will empower In fact first responders stay connected streamlined response to natural disasters and emergency situations I want to bring.
Bloomberg Radio New York
"new germany" Discussed on Bloomberg Radio New York
"Let's get into the Middle East markets now with our equities report of how some of the recent developments on device IPO plans are one of the names that are on the table Morning Seth Shua capital has been in focus over the past couple of days after Bloomberg reported that the company is considering listing two of their portfolio companies that's Stanford marine group and NCM investment Just a few minutes ago confirmed that it's in very early stages with the exchange to list drove their units at one or two of their units So that's definitely something to keep an eye on especially with the shares jumping yesterday And also we have a little bit of a timeline with the hep two group announced yesterday here on the show So it's also one to keep an eye out for in Dubai The other story from diwa on the IPO front this is the Dubai electrician water company They take an arm and a leg from my monthly bill but the moody's now saying that going IPO will be credit negative Yes I know it was a little bit surprising but if you know looking at the report it does make a little bit of sense because they're saying Dubai is likely to look for ways to enhance the value proposition of the potential investors and maximize returns And they might have to do that by adjusting the dividend payouts or the capital structure of the company which can have a material deterioration of credit outlook and financial profile So it's also something to be watching out for They did say if they list about 10% of the shares it shouldn't be that big of an issue And the year continues to be a strategic asset for Dubai I was looking at some of the technicals for the dowel and the relative strength index kind of just began to turn a corner and is now at 31 and 30 being the lower barrier to a severe selloff or a severe correction What were some of the standouts in terms of performers To me I look at a rush bank If it's up it's a positive day for a sentiment It was a leading stock yesterday in the by points And I had such a good streak so as it continues to rise that means that there's still confidence in Saudi stocks You mentioned the RSI There were so many different technical indicators pointing to opportunities to buy the dip in us perhaps what we saw yesterday but also third biggest gainer on the index by points was Aramco The oil story oil starting to turn again send the greens So that could have been supporting around close shares after they sold off for the past few weeks Well it's going to be a dog fight between consumers and producers and we're just getting started on that But thank you for the moment Some of the views on the regional equities Let's stay with some of the stocks because Cassie wood says that China is not to uninvestable The art investment founder and CIO exited most of her positions in Chinese stocks early this year But she says that she sees a bit of an opening and she's waiting till the valuation does settles She spoke earlier at a Bloomberg intelligence webinar One of the reasons we built up our position in China in 2020 was because we saw China's response to the coronavirus crisis was much more responsible from a policy point of view both fiscal policy and monetary policy than many other countries around the world And we thought okay maybe China is going to become the new Germany or Switzerland known for its monetary discipline and physical discipline But what happened in November of that year was somewhat startling The episode with Jack Ma and watching how he and many other executives who had created incredibly rapidly growing and exciting companies they basically were told and maybe there was some reason for it that you're not welcome there anymore You go off and do some charitable work or whatever whatever the message was And so that's what they're doing We began we became concerned about that While that kind of rhetoric and activity is taking place so you're right we pulled away very early out entirely out of our flagship not out of all of our specialized portfolios because in autonomous technology for example JD logistics JD dot com You know they have low margins very friendly from a capitalistic point of view And they're helping to push new goods and services into tier three and tier four cities which is great But there was so much uncertainty created by one regulatory crackdown after another and after We didn't know where it was going to stop Now we're seeing a little bit of an opening up even with the online education We see okay well you can't tutor children after school but you can tutor professionals And so now there's some a little bit more give there but we think the valuation of the Chinese market has been hurt significantly by this and that the way the Chinese market will have to grow and stocks will have to grow is if the underlying companies themselves grow and so from that point of view once we've reached the right valuation structure and perhaps we have now I don't know We'll be listening to what the Chinese government is suggesting that it wants next And we'll be listening to what the companies are doing and watching what they're doing And we'll act accordingly Yeah the other point there is we've heard many investors say oh China's uninvestable We don't think that's true We're just waiting for the valuation dust to settle And to make sure that the incentives for growth reemerge and China is a very determined country And when it puts its mind on growth that's what it gets That was our investment Kathy Woods speaking.
WCBM 680 AM
"new germany" Discussed on WCBM 680 AM
"So from Joy Reid on MSNBC over to Jim Acosta and Chicken little news Boy. I'll tell you The left is in a tizzy. About the resurgent right and they are hoping and praying somehow. They are reading the American public right and that they can make this issue. The issue in 2022. They've gotten so far a field on this. They are one of them. Guy named Richard Hanania. Which are contributor to Newsweek. Tweeted this out. And I quote you can't screen for down syndrome before about 10 weeks. And something like 80% of Down syndrome. Fetuses are aborted. If Red States ban abortion You can see a world where they have five times as many Children with down syndrome. And similar numbers for other disabilities. Kristi Noem is the governor of South Dakota. She thought that this was A pretty outrageous thing for this guy to tweet up because the implications Are we have to begin to determine. Which human beings are worthy of existing, in which human beings are not worthy. Of existing, You know, Iceland has eliminated Children with down syndrome. They have By a boarding every single pregnancy. Where there is even a hint. Of Down syndrome. This is the direction in which I think the political left wants us to go. That tweet. I hope people realize that it really was evil. And what it did is that it normalizes. It's starting to normalize a conversation that some people just aren't acceptable. And we've seen that throughout history where people have started discussions and started to eliminate whole groups of people, and we need to make sure that we stand against that. There are some countries in Europe that have Really eliminated down syndrome, individuals and babies. And so that's why South Dakota wanted to take a stand against eugenics. Every single life is precious. Every single person has value that tweet. What it did is it insinuated that some people don't and that they can be exterminated? Yeah. And that is where this leads. And it comes from of from a philosophy that says We are not unique and special each and every one of us. No matter whether we're tall or short If we win. At the Olympics or if we are just some amateur member of the Paralympics. Perhaps born without a leg. That we are each worthy. We each have value as an individual. Eugenics was at the heart of Planned Parenthood. It was the idea from Margaret Sanger. To do away with those pesky African Americans. Which is why Planned Parenthood put most of their facilities. Yeah, very close to or within black communities in this country. And why a majority of the abortions that take place in this country through Planned Parenthood are yes. African American women. No result is fewer African American babies being born. Okay? That is eugenics. Eugenics. Another way. There were big fans of Margaret Sanger over in Germany prior to World War two big big fans. Also meant that Gaze. Um lesbians. Jews, Gypsies. Some Roman Catholics. And others. Were undesirable human beings. And they had to be addressed in some fashion. First. It was just like we have to be protected from people who don't take the vaccine. First. What? We just put them in camps for a while. But that was never the long term intent. The long term intent was we have to apply Margaret Singers vision. And it's simply eliminate these people from the gene pool. They should not be here. You shouldn't have the recessive gene in your family that somewhere your great great grandmother was Ashkenazi Jew. I mean, this should not exist is what they said. Something is check people's histories and their family structure. To determine whether or not they were pure enough. You belong in the New Germany. That's where this leads it reach to the sky for Newsweek saying, Boy, You know you're not careful with this. You're gonna have five times as many Children with down syndrome and similar numbers for other disabilities. Okay? That indicates that down syndrome Children are bad. They're bad people. They shouldn't be here. And that people with disabilities depending what the disability is, we should probably remove them as well. That's the path. I reject that path. Completely. Am I wrong on this convinced me 410 wcbm 6 80. With rates at historic lows now is a great time to consider a reverse mortgage. Now these low rates are providing more tax free money to homeowners than ever before..
History That Doesn't Suck
"new germany" Discussed on History That Doesn't Suck
"Dinner host as well the lobby three months after his hometown's downfall in december eighteen seventy oguchi sent francis west coast port city of boredeaux to receive arms and munitions coming from the united states. The thirty six year old kepi ten is paying as he hears. The ship's officers described demonstrations in support of prussia and it's united german forces back in the united states but then one officer adds a more nuanced observation. Only recently immigrated germans. He asserts are demonstrating and they're not so much interested in french. Defeat as much as german unification which they hope will yield new germany with the very same liberty. They came to the us to enjoy basically he's describing those like john roebling from the last episode. Although i doubt the prussian-born german immigrant even knew about the war. He died three days after it started. Anyhow this officer finishes by describing these immigrant demonstrators as having become too much americans and citizens of the great free people to feel hatred towards false while to the joyce over the misfortunes of the nation which classmates they are new country ha almost a century since the american revolution. And this officer. Who's ben to the. Us says its citizens still remember france's role in their independence. It's this conversation. Auguste will later claim that makes him remember the after dinner discussion about france in the united states at the lab as place years ago and that includes remembering edwards off the cuff suggestion for jointly built memorial to american independence. The franco prussian. War ends the next month. January eighteen seventy one with enormous ramifications for france. The french maintain their wartime protected republic. But not everyone loves it. Monarchies are just to split over the nations three dynasties to propose anything else on the other side parisian radicals who want to reform the nation as a decentralized federation ruled by. The people declared the capital. A commune in the next few months a brief but bloody civil war follows. The third republic wins defeating its own parisian citizens. But it's victory comes at a cost of as many as twenty five thousand lives. The memory of the commun- will cast a long shadow and become a rallying point for radicals. Globally as karl marx characterizes. It as the first proletarian dictatorship in history yet none of this turmoil impacts goose battle d. As much as what. The newly united german empire the second hike imposes on francis newest republic it demands france. Pay a war. Indemnity of five billion francs and worse germany. Annex's territory along. Its border with france. One third of lorraine and nearly all of us. This includes auguste hometown of coal mar. Like many french. He'll never forgive the germans for this but that's a story for another time. We aren't ready to talk about world war yet with his childhood home now. A part of germany and paris caught violent civil war neither of the cities that have defined so much of a goose are open to him. He returns to the near versailles home of his former client. Now friend while the. It's almost like a five years on dinner party reunion. Goose finds edgewise still hanging out with his same pro. American friends like the makita lafayette's grandson oskar lafayette as talk. Turns to american sentiment toward france. Goose mentions what the ship's officer and bordeaux set. All excited begins to wax. Eloquent about the united states wants more. Finally goose claims that his liberal friend tells him that with the one hundred year anniversary of the united states declaring independence soon hand. He ought to go to see that country. Propose to athens over there to make with us in monument. A common work. In a member of the inch- int- fund ship of false and the united states historians will later question if edouard really said this. The french scholars own written records depict him as rather downtrodden after the franco prussian. War on interested in taking much initiative anything yet according to the narrative i just shared with you which august will later prepare for fundraising in the united states edouard. Not only encourages him but goes on to suggest they'll organize a campaign in france to raise funds. It's details like this last bit. That will lead historians to wonder. Is auguste really driven to build a great memorial to american independence. And the nation's shared sense of liberty with france or is he driven ambitious sculptor looking for a good excuse to build the greatest colossus. The world has ever seen whatever the details of their discussion. Elaborate provides august with letters of introduction. Sculptor calls on his rather senior assistant valley mall and the two men depart for the united states. In june of that same year eighteen seventy one goose travels across. The nation considers various seasons sites but his favourite is new. Your carbs bedlow island. It's currently occupied by a fort. But there is colossus withstand visible to all ships approaching the united states' largest city. Goose also meets noted figures such as the poet. Henry wadsworth longfellow and us. Senator charles sumner. He even meets current. Us president ulysses s grant. Who says he likes this project. Okay then nothing is concrete but surely that is a start..
106.1 FM WTKK
"new germany" Discussed on 106.1 FM WTKK
"Which is just just concentrate on other stuff. I'm sorry. Is there a bunch of underwater UFOs doing like 10,000? Miles an hours something Maybe NASA should be working with that. That's what they want you to believe it's just the distraction. Yeah. To distraction. That's it. Russia's state is not even the craziest thing that's being alleged. Have you? Are you guys familiar with the Are you familiar with the the the futuristic Nazi coin multiverse thing going on right now? I've heard about this for a while. Yeah, of course you are. But, you know, I'm very familiar with it. Yeah. All right. So there's a guy whose name is Diego. Uh, the obvious Who in 2018 says he discovered a coin. That contains Nazi symbolism. It Zob Vesely kind of busted but you could see the Nazi cross on there. You see a swastika. The eagle and which, what's crazy about this? Is the coin also is is dated 2039. So it's a Nazi coin from the future. And then, of course, then it turns into a a multi or parallel universe, of course, and that's why they found this coin down there in South America, and we're putting. You know the doing the math here and it looks like The only our comms razor Ramon explanation is that there's an alternative universe in the future where the Nazis won. So it's literally makes a documentary out of man and high castle. Right? Because, honor, it's got the What is it? The German? What? Bernice is an eagle. Yeah, like holding a Nazi the swastika and then it has it in what is it is in Spanish. It says New Germany on it. The translations New Germany. Yes, so in in in it, it says the Web a Ella Salmaniya, which translates to New Germany. So that we go. That's all the proof you need, right? Obvious. Obviously, obviously parallel universe and by the way, the coin word stamp what the date is really hard to read. He could barely make out the two and some people are saying, Why would there be any sort of German coins at all, in like South America in that area makes it that's a fair point. Yeah, there's Was really because it is like coins float, so I don't know how that we've got over here from Germany in South America. To be later found with an MBA with they clearly readable New Germany stamped upon it. Absolutely all right. 8889 3/4 see, That's why you come to this show. First we get into an astronaut argument. I'm very curious What you think 8889347874. But then we're able to also fill you in on this groundbreaking discovery of a future Nazi coin from a mold from the multi verse That a South American farmer found so. You're welcome, because I don't feel that anyone is working as hard to give you as broad spectrum of reliable stories as we are. So, uh, just ponder that we'll get to your calls and first we get to race stages from the weather Channel. What's up, man? How much Casey? How are you? Yeah, You know,.
KGO 810
"new germany" Discussed on KGO 810
"What are they? I don't know. Agency. An entity? I don't know. Yeah, I, uh you know, and I know people hate it when I say this. These people want this thing over. I want it over. I just don't want to see people get sick. There's a new stories on long haulers that you know they're pushing for a 9 11 style health registry to help them. We found out now that Bloomberg story today that cove it is definitely airborne, and scientists say authorities have to think long term. This thing's gonna be around. How do we keep it with people go back inside from circulating through air in the vents and going toe, different floors and levels and all of these things. I mean, the airline seemed to be doing it right. You know these HEPA filters and everything. So you know what can we learn from that and take him over to here? Um, I'm just saying, And, you know, I think it really were. Newsome is getting blasted now by those who are pushing the recall effort is the way in which the messaging has gone of. Well, we'll announce something tonight and then there was nothing. And then today it was galley and not Newsome coming out and saying, this is why we're doing it. I challenge any of those messages issue. What is what is their answer. All they're doing is criticizing their You know what they want masks completely down. They say California's behind every other state other than Hawaii and then New Germany of them. Are doctors there. Scientists are epidemiology. Probably not many none. John Cox can go rub his bear. As far as I'm concerned, anyway, up. I don't know what that sounds dirty, but I know what you mean. I know you gotta go. Thanks, buddy. I'll talk to you later today just to have a good day by. It's Alex Stone, ABC news correspondent. He said. I've got to be at it. I gotta be out of 3 15. I said When I say, Karen, I said, you leave when we say you can leave. But he's the star. I like him a lot. That's the truth, though. If you are criticized Newsome all you want. I'm not gonna stop you. I've been critical of him in the past, but I've learned a lot about him on the last even before the you know the French French laundry and incident that he will listen to smart people. On D idea that Republicans answer to this is this Take everybody's masks often let him get going again. Um, boy? You know again, we have. We don't have anywhere near her community. Weren't like 130 million. The street 130 million worth 200 million short. That's what now we're not 200 million. We got to get to 70%. Of 3 30. You do the math. Um Yeah, you know, And then you get people like I saw her Clapton today. Anti vax. We're talking about this. Anyway, I wanna talk to you guys. The poll numbers 80 88 10. Where? What is your position on this? And I'm not going to be mean to you. I promise. If you're if you don't want to wear a mask, I just want you to explain it to me. It's because you know it is science and we can talk science. I'm not a scientist, but I got I got a lot of this stuff in front of me and I would love to talk to you. And if you agree with me as well that we should always wear masks when we're indoors, and we don't know if people are vaccinated. I just I'm saying that what? What is it? Kill you? What's the big deal? You gonna be inside in a restaurant Where the mask, you get your food, pull it back and eat a little bit and then put it back up. I mean, you're protecting other people is what you're doing for that second, you bring it down. Yeah, you could inhale some. But if everybody's doing that there's gonna be a you know an appreciably less amount of the virus floating around in the room. And how will the variants can affect us with these? We still don't know. And every day we don't get to herd immunity is a chance for the virus to mutate again. Phone numbers 80 88 10. I want to talk to you. That's next on KGO. If there's any doubt.
Heartland Newsfeed Radio Network
"new germany" Discussed on Heartland Newsfeed Radio Network
"Originally joey everybody all the activists were getting them to wear the biggest concern. Is that well. I stop. They're always going for clicks all the traffic all. He messed up my traffic. Did we stopped doing it because traffic. And they're gonna you know. Cancel my chan. Didn't they they. They will get a day. This is yours would pull my hair out. I'm going to stop. You know you start putting quality content on not them you know then guess what happens. People go there so we've been creating the platform for that and it's not even a platform. It's nothing the other thing. Dave float what they're doing Flow dot app. We used social media. They're interfacing with us to where they're pulling content from content providers like you. You have a a profile page on float and what we're setting up now. Is that you load up. Your content did the ip fast. Drive that you have. It propagates across the planet. They pull from that so we're not sitting there watching spinning wheels all the time. Load video up on everywhere all the time. It's you put it on your own server and Takes the title and the summary and the hash for the video and so on puts it up on float and they access the planet for the material and it never goes away. This is a whole new way. That thing with library was great and awesome new. Germany was doing and we got it. We got an account on everything and so on but it's more spinning wheels and it's a central node for them to go after which they are. Now what you're doing you're going you guys wanna play. Let's play so you're going to and violate the law to pass a piece of paper complaining of what what is it that you're complaining about. You know how much you can't make salt. I mean what are you complaining about. Well they're they're the federal raids in new hampshire they. They arrested six people. You know in doing bit quitting business and they you know they With that that's the main thing like. I said there's other stuff that they've done. There's a long list of grievances is going to get longer. But the main thing is to hand them that piece of abor. Complaining about the crypto. Six ray where they attacked all of all those big winners and you know. I don't know how else to do this but to push into civil disobedience because that's how you get attention and that's how you make the government be the bad guy and enforce its own laws in in a public manner. Well what was a charge. What are they what it is. They were doing that. They don't like and that got the local municipality or the county or the state involve. How involved is new hampshire. How intertwined how fusion. Dr they i mean what what. What are they charging him with what you know. They had multiple crypto. Atm's machines order. You call them around in businesses. That are operating. They had their own church. You know the shire free church there do stuff illegally these they were legal and it pissed them off i i i don't know i mean that's the thing who knows right like no one knows what everyone is done for the last you know year or five years of their life you can't. It's hard to know they're charging the most the scariest thing. They're charging them whether the one that the thing that would be scary as to the public is money laundering. So what does that mean. How is it done. how do you prove it. How do you disprove. You can't disprove it very easily unless you were videotaping. Every hour of your day for the last For the last five years of but that's what they've charged with money laundering. They seized fifteen. Bitcoin machines around the state seems that they were whether it was doing it or not. It was the capacity. They don't want it's competition with a a failing monetary system. You know the united states dollars go to crap. Inflation's already started. You know that everything that would make popular bitcoin and bitcoin access to you. Know doing exchanges. And so on. And that's where they they wanna get you you know it's Transferring from one crypto to cash or something. That's where they they they don't like it and i don't know the details of what was going on but you know i know this. They don't like competition especially when they need competition. And if they can eliminate competition with this your gun they eliminate competition this gun. So this is. This is definitely force and threat and the threat of force. This is threat. Threat- threat- threat to the planted threat. And they went after. You know people that were and were not scared. You're scared now. you know this is. it's intimidation and i'm going all right. So what they do is they push it more underground. They push it more but they want to be the solution. They'll go okay. Well we're going to go crypto. Because we don't have a choice it's going to be universal basic income of new purple script digital money of goldman sachs dot gov coin and then and that's okay but you know you can't do it amongst yourself on your own or outside. Now what's the law in new hampshire to i. Think crypto laws of change in new hampshire. Do they even care. I don't think the state government cares You know it's it's. It's pretty decent in new hampshire. And you know there's been activity at the state house bills and so forth that there's nothing is nothing odious in new hampshire law related cryptocurrency and. Things seemed to be pushing the right direction. But we haven't gone as far as wyoming trace. Meyer lives where. He's actually got laws on the books that help protect cryptocurrency businesses arizona. Had some crypto friendly stuff they got through to. yeah. I can see why texas becomes a thing you know. Texas has always been this republic of and bite me. And we'll just secede you butt heads and you get some crypto in there and a little bit more but texas has got its own product. Their own freaking now. They're they're all the same. Whatever ultimately. don't question our authority. You'll support us against that collective you know to regime over there but you know when you challenge us all man the fangs come out. So what's the ultimate goal in a free state project in. Regards to crypto and the crypto. Six your work. And what's the future we're going into pork fast. You know. I talk with a lot of people. There's a there's two events there's porcupine freedom festival followed by fort fast which is just a bunch of guys camping. Stay there for another week. But there are some animosity between the two. You know. there's a little bit. Yeah a little bit you know. I didn't anticipate that. And i'm just like i. Just go and okay. This one's a little crowded would just do more stuff over here. We don't need to ask you permission so we just do it but it's There's there's you know there's a wedge could be by the man and i'm wondering what cider but he's going to be on you know when this this thing i don't think that's i don't think that's the game. The the free stater community seems united in opposition to the crypto. There they arrested the crypto shakes but You mentioned fastback in. I guess that would be in late. Late june Forecast forecast following it in new hampshire. So certainly people are invited to a fork. Fest dot party are like for fast dot fardie if he go there. Then you'll find information about the the second of the two the two Festivals that we were talking about. And that's a good place to come be around these people in person outdoors.
For Your Reference
"new germany" Discussed on For Your Reference
"So i felt like i was being cheated of having a truly emotional connection with the story and not necessarily characters because giorgio you do reasonably to him to some degree and they do feel for him. Bob i felt like it could have been more if he was allowed to feel it more and i guess maybe we'll change the ratings a bit. If you're doing it you're gonna do it. Do right well. I love that sinophile. Ot is well and truly in the building but we're just qualifying whether that quirky eccentric turn is in the field. I was getting a full dissertation. Just knowledge it's a yes it is a resounding yes You know we've mentioned how it didn't really work In regards to bend statement about comedy as a way of dealing with harsh realities. I felt like they said they had come comedic dialogue in the film. But that wasn't really helping jour-jour get through the quandaries that he had so in that sense. It's a baby but in also that sense. It's a fully-fledged hulking. Yes in regards to turn now. Even though it seems we both agreed at the turn just didn't work for us because arguably there are two different turns and i. It's a lot to go back and forth on them and it just didn't work for us. Let's move on and this is in regards to the story. So shout out to mocha mirrors patrons belonging. All of the films have a common thread of her and finding a place in it. Yeah a thank likely on not on joe. Joe's bit because we see him trying to navigate a world where he is born believing some really heaters stuff. Yep he just forgot all the things that he's being told allies. Yeah so there's a sense of him finding home in in a new germany where everything that he was brought up believing a complete falsehood. And that's exactly the the threat of belonging was definitely chargers journey throughout he Given the fact that teicher is integrated in this. It was a beside venture for jour-jour..
Heartland Newsfeed Radio Network
"new germany" Discussed on Heartland Newsfeed Radio Network
"Why are you still going to the post office do it all online with stamps. Dot com avoid trips to the post office print postage send invoices letters or packages and schedule pickups. Right from your home or office. Twenty four seven get close to ten percent off first class stamps. Up to forty percent off priority mail and up to sixty two percent off ups shipping rates. Go to stamps dot com. Click on the microphone and enter code fox for a four week. Trial plus free postage and digital scale stamps dot com code fox around covert nineteen restrictions now effect in england british prime minister. Boris johnson announced a nationwide lockdown yesterday. Until at least mid february as a new variant of covid nineteen continues to spread all schools will be closed and everyone will be required to stay home unless they have an essential reason to go out hospitals and are close to being overwhelmed. Not only are they facing the usual windsor illnesses. But today there were over sixty thousand new cova cases a record for the uk and eight hundred and thirty deaths. The uk with many other countries is now pinning. Its hopes on the vaccine. The oxford astrazeneca vaccine was rolled out here on monday and the aim is to be vaccinating. Two million people a week by mid february inland. Benjamin whole folks. New germany's extending. Its nationwide coronavirus lockdown until the end of the month and chancellor angela merkel is introducing tough new restrictions in an effort to curve a surge in cases the new rules restrict essential travel for residents of the hardest hit areas and limit movement to nine mile radius in towns and districts where the number of new cases is above two hundred per one hundred thousand residents and members of one household would be allowed to meet only one other person in public. Millions of dollars from iran set to go to americans who are victims of terrorism fin billion dollars in iranian assets will be allocated to a compensation fund for american victims of state sponsored terror. The justice department says the funds are in the united states share of civil forfeiture investigation into violations of international economic sanctions. Congress established a tear victims. Fund provide compensation to americans including diplomats taken hostage by iran in nineteen seventy nine jared halpern fox. Several hours after she was mistakenly declared dead by her. Publicist ender boyfriend actress. Tanya roberts has died after collapsing and our home on christmas eve. I'm lisa lisera and this is fox news. Sorry i know. This is important. But i need to run to. The post office said no successful entrepreneur. Ever stop wasting your time and money did stamps dot com. Never set foot in the post office again. Stamps dot com brings the us postal service and ups right to your computer. Avoid trips to the post office print official. Us posted send invoices letters or packages and schedule. Pickups right from your home or office twenty four seven with stamps dot com. You'll get close to ten percent off every first class stamp up to forty percents off priority. Mail end up to sixty two percent off ups shipping rates. The kind of rights reserved for the fortune. Five hundred plus with stamps dot com. There're no long term contracts. Join over nine hundred thousand customers right now. There's no risk go to stamps. dot com. Click on the microphone at the top of the homepage and enter code fox for a four week. Trial plus free postage and a digital scale stamps. dot com click the microphone and enter code fox stamps. Dot com fox is a look at weather from the heartland newsfeed weather center. Expect partly cloudy skies tonight. They transition to mostly cloudy conditions. That is a chance of patchy fog throughout the evening other areas would experience for those across the region will be in the mid twenty s to low thirties. Owned your wednesday. There will be mostly cloudy. Conditions with fog in some areas during the morning. Hours highs will range from thirty mid mostly cloudy conditions will continue through wednesday night low temperatures around the. That's the latest from your weather's. Kurt warner inducted into the college football hall of fame and it was a two time. All american at penn state university led penn state rushing for three seasons. He helped the nittany. Lions capture their first national championship in the nineteen eighty-three sugarbowl as they went up against top ranked and undefeated georgia. And it was kurt. Warner against herschel walker. What a great matched up that was and when his college career was over with. Kurt owned forty. Two penn. state records is three thousand. Three hundred ninety eight career rushing yards and eighteen. One hundred yard rushing games still remains a penn state record also. He was selected by the seattle seahawks in the first round of the eighty three draft number three overall and then went onto play for eight seasons in the nfl three times a pro bowl selection and he led the afc and rushing his rookie season. But the story of kurt warner is bigger than just that it's about he and his family and his wife. They have two sons with autism. It's a very inspirational story in one that we'll talk about this hour and then later on kevin robbins will join us. Robbins is an award-winning sports writer. Who has written for the new york times goff dot com and golf journal and he teaches journalism at the university of texas. And of course you remember. The name payne stewart. He was one of golf's colorful and bright stars when his career was cut short by a very bizarre plane crash. Back in one thousand nine hundred ninety nine. I remember where i was. I was coming through the atlanta airport transitioning to another flight. When i went into the lounge and i saw the story payne stewart's plane crashing and being someone who is a pilot and been involved with aviation for a long time. I just couldn't believe it. I just could not believe it. So we will talk about that with kevin robbins as well and of course on the golf course. You couldn't miss him. He wore colorful knicker like pants. Argyle socks and flat caps and he was truly a showman. There was no doubt about that and the book. That has been written by kevin. Robbins is a very insightful. And telling one. It's called the last stand of payne stewart. The golf changed forever. And i think he's absolutely right about it. We come back. Kurt warner joins us in you. On sports byline rates have dropped near all time lows. Ed clear path. Lending rates are as low as one point seven five percent on a thirty year fixed rate mortgage one point nine eight six percent. 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WRKO AM680
"new germany" Discussed on WRKO AM680
"Find out how they did it and get some of the details. And one of those people is my next guest, Andrew Malik off. He is in Long Beach, Nassau County's on Long Island in New York and Andrew, Welcome to extreme jeans. It's great to have you Well, it's great to be here. Thanks for inviting me. I've been cruising around the Internet and I ran into this great story about your discovery about your father and a little of his background you weren't familiar with. Let's talk about that. What got you going on this? Well, my father he's the oldest of four siblings, two younger brothers and then blow both of them. A sister. And they grew up in New York, New Jersey Their parents were immigrants from Russia around the turn of the 20th century, and my uncle was the last surviving brother. He just died one year ago, and my aunt is still alive. But when I used to spend time with him, I always loved it because he was in the family, a story and a great storyteller, and he would rapid fire tell stories and there was one that he told me that kind of stuck in my head and I needed to know more about Out it and what it was was. He told me that my father, who was actually a great high school athlete, all the boys were they grew up for but they had a great close family and they were all very athletic. That when he was graduated from high school sometime in the late 19 thirties that this was around the same time that Adolf Hitler had been about six years into his power, he came to power and 33. Around That time, this group formed United States, which was first known as the Friends of New Germany, and then it became the German American bund, who they represented the center of Nazi activity, which was very active in the Newark, New Jersey, area where they grew up, which is the biggest city in New Jersey. Now what do these guys do? What do they call him? The Bund ists? Yeah, they call them the abundance. That was the the later names the German American Bund. They dressed like the brownshirts in Nazi Germany, and there was probably at their peak around 25,000 of them in this area. They held rallies. There's a famous rally people could find if they did a search Madison Square Garden and in the New York area, they also they had meetings and rallies in that area. And so the story my uncle told me was that my father was recruited by a Ninfa Mus local gangster. He recruited some young guys. I suppose guys who were fit and tough and he had them rounded up and taken over to where these bund meetings would be held. And if there was any kind of anti Semitic rhetoric, they would throw stink bombs, which is kind of like ammonia sulfide into the window, and that would Get everybody scattering out like cockroaches. When you turn the lights on. It's good comparison. Yeah, and as soon as they would go outside, they would just beat the heck out of them. So these were you know, young, tough Jewish guys who are taking on the Nazis here in the United States. Wow. And so your uncle said your dad was a part of this whole thing. And you've been researching it ever since. Yeah, That's right. He you know, he just mentioned as I said it was almost in passing because he had so many stories. So I didn't know too much about it. So I had not too long ago, read the novel that Philip Roth, who was a great Pulitzer Prize winning author wrote, And it was called the Plot Against America, which, incidentally, you know, was a HBO Mass series that aired just this past March. Yes, I saw it. The idea of the story was, if there was a national threat similar to what the European Jews confronted in 19 thirties, what might happen to a Jewish family living in the neighborhood? He Roth grew up in which, incidentally, Was the very same neighborhood that I grew up in. Is a child in New York in reading the book, It was as if I was revisiting the house. I lived in the neighborhood, the elementary school I went to because it was all right there. Sure. Again. It was as if It was a rise of Nazis here in this country and so, but I had to do a little bit more research. So I just plugged in a few key words, and I came upon a couple of articles that were written recently, specifically about the German American Bund in Newark. Okay, As it turned out what my uncle told me was validated the stories and the gangster who His name was Abner Long G's Willman. He was like the top mob guy in the New Jersey area operated out of the New York area. And again, he's someone. If someone does research, they'll go find out all about him and his connections and he was Jewish. And despite all of the criminal things that he did, he was a staunch defender of his people. And he felt something had to be done. So he recruited some Jewish Gangsters, boxers and I assume other people. The word got out. And somehow my father and I would assume maybe some of his friends became involved in this. Wow. They have a name for the group that this gangster put together. Yeah, That's really interesting, because I didn't you know again. My uncle didn't tell me about this, but through the research what I found that is that they call themselves the Minutemen no little throwback to the revolution. Exactly because that name signified their readiness during that time to fight the British at a minute's notice, And so his group wanted to emulate them and fight against the Nazis. And so that's how they referred to themselves. And was this group repressed then over time as a result of these efforts, and maybe others from the government You know, I don't know specifically, but it was just a couple years later that my father joined the army and 1941 and served there till 1945. And I think as things started to look bad for Nazi Germany that their influence, I'm sure waned over that time. But of course, we all know that their continued to be elements and neo Nazi elements here in the United States, So it was never a group that really disappeared. It just morphed into different shapes and forms that we hear about now even recall the Charlottesville incident. There were these young guys wearing khakis and just back Colin shirts with torches, chanting Jews will not replace us. So they haven't disappeared completely. Tell me about your uncle..