40 Burst results for "One Hundred Percent"
Guest Host Moon Griffon Unpacks the Border Crisis
"If you want to be part of the program but I just don't think veterans saw what they saw in wars and what they saw overseas in some of these third that world countries are hell holes just I get a kick out of watching the border right now they said well these people are coming here this is the government's telling people they're coming here because of global warming because of climate change climate ain't changed over you know it's you know what it is it's been a hell hole it's been a Marxist communist socialism type regime and it fails so these people have been failed they try to get out of a failure the problem is they've had people tell him they've proven out because of global warming and that's a lot they're trying to get out of the hell holes that's been started because they're not free countries they're not free countries they're going to be the best they can be but our people are trying to make it more look like them and i thought about the border i thought just don't thank veterans fought that we don't have a border i don't think they fought for people to come across and the fentanyl that has killed so many people over in this country 100 000 plus a year now 100 000 plus a year that that's mind boggling but we leaving it open you know how many people will come across the border from hummus how many people will come across the border who don't like the united states of america who's willing to let their kids or you be blown by somebody that come across because buying and obama them's open board policies how many people gotta be raped how many people gotta be killed how many drug trade must be taken we can you know we lose kids every year to the to the to the sex trade and the drug trade and one of the ways to protect that is to protect the border is open it up trump was right about the wall he was one hundred percent right about the wall and look what they do in the donald trump it's actually
Fresh update on "one hundred percent" discussed on Mark Levin
"Told us what he will do it's very easy to see the steps that he will take people who say well if he's elected he's not that dangerous because we have all these checks and balances don't fully understand the extent to which the Republic's at Congress today have been co -opted one of the things that we see happening today is a sort of sleepwalking into a dictatorship in the United States checks and balances see the presumption is that Donald Trump is Hitler Donald Trump was he adhered to the Constitution he had more conservative policies than Bush Cheney did he signed an executive order by the way that is used today by Jewish students and their lawyers to defend themselves against anti -semitism on college campuses he wanted to secure the border of course the Chamber of Commerce Republicans hate that see Donald Trump represents and represented mainstream USA I called him in Don junior course pick this off but I called him member this miss blue -collar billionaire because that's what he is and worked he's with blue -collar hard -working Americans his entire life you know when Donald Trump bought Mar -a -Lago the restrictions for Jews and blacks still existed and he immediately eliminated them immediately you don't hear about these things and we such a bigot don't you know why he used the word vermin his daughter married a Jew she converted to Orthodox Judy you know Scarborough those religious zealots his grandchildren there are Jewish for go to Israel today he'd be elected Prime Minister but they call him Hitler the newspaper whose correspondent in Berlin was sympathetic to Hitler in the Third Reich the newspaper they covered up the Holocaust the New York Times they don't call that paper paper of the Hitler but it was it is the paper of Hitler now Donald Trump you see because Liz Cheney says so Liz Cheney is an evil person she knows what she's doing she knows what she did on that committee she knows how she worked the testimony now we have video that's missing we have testimony that's missing apparently one -third to one -half of the information they gathered they erased with a federal judge in Washington is trying to put Donald Trump in prison during the course of the election she won't even allow Donald Trump access to that information despite these rulings by these judges all Democrats and Democrats so they're going to use her the useful idiot that she is like they do Kingsinger who now is a grifter I believe on CNN and Ken Buck who will be a grifter on CNN because CNN is not a media enterprise it's a political enterprise it is an appendage to the party that's what it is that's why it hires Democrats like Jake Tapper MSNBC same thing but worse they hire actually Marxists and Islamicists they actually hire a guy like Al and given his record person who spews and has spewed even before she was in the media anti -semitism bigotry racism Joy Rhee they hire somebody like Joe Scarborough who's a wannabe wants to be in the crowd you and everybody knows I'm right it's all fact so she will be pushed and pushed hard by all the media outlets and I want to congratulate Brian Stelter fat little slob Brian Stelter cannot get Fox off of his 7 just can't she writes another book about Fox in many books he sold in the first week mr. producer 3500 give or take I mean it's better than Chris Christie did when his book came out he sold like 200 and they go on these same shows but Cheney will do well because she's written a book for the purpose of selling it to the radical Marxist left -wing zombies and I would say to Liz Cheney you like the Biden's foreign policy how's that going like how about Biden's hollowing out the United States military you've always been a fraud you claim to be a hawk you know hawk hawk your tweety bird you're fraud she's also an egomaniac I remember when she wanted to take on the incumbent Republican senator in Wyoming came on this program had us all fooled but the polling showed she'd get whipped by this guy she desperately wanted to be a senator so she pulled back and ran for the house but his name wasn't enough to carry over the finish line for the Senate now she's there a voice of righteousness a voice of consciousness a voice of morality she's a temptable evil manipulator that's what she is Donald Trump's not going to be Hitler Donald Trump's not going to be a dictator Donald Trump's not going to violate the Constitution what Donald Trump will do is try and unravel Washington DC where the Cheney's have lived most of their life where the media lives and lives and lives they don't want Donald Trump for that matter they don't want DeSantis they don't want anybody who's capable of actually unraveling Washington giving the government back to the people Main Street Main Street finally some good news folks because of you newborn has rescued over 40 ,000 babies this year alone that's amazing right now thousands of mothers are waiting the birth of their precious babies and thousands upon thousands of babies are taking their first breath that's a good thing isn't it? I wonder what Gavin I don't know since its beginnings preborns network of clinics have rescued over 280 ,000 babies you know what that's a miracle you see the overturning of row may have made the radical left and others more ravenous pushing abortion at every turn running on abortion all the time obsessed with abortion so now we need to be passionate to save these babies we do thanks to preborn we can do just that for just 28 bucks you can empower a mother to choose life now how you see once she is in a sonogram the precious life growing inside her her own blood her own flesh and she hears her baby's heartbeat and she sees the little hands and little feet and the body forming that's not a thing that's not tissue that's a human that you and god created and she's twice as likely to choose life twice as likely to choose life and right now through a match a match your gift is doubled so please give as much as you can i know these are tough times but maybe you're thinking well that this is the one and it goes one hundred percent towards life 100 just dial pound two five zero and say the keyword baby that's pound two five zero the keyword baby pound two five zero the keyword baby go preborn dot com slash mark that's preborn dot com slash mark let me tell you something you will feel great about this there's a spiritual aspect of this there there really is regardless of your
A highlight from Bitcoin vs the Infinite Money Printer with Luke Gromen
"They're not going to cut the entitlements. They're going to print the money. And they're going to print the money with oil at 90. They're going to print the money with Bitcoin at 35 ,000. They're going to print the money. They're going to print the money. Happy Monday. How are you all doing? Did you have a good weekend? I did. OK. Real Bedford. They won on the weekend and were top of the league. So that is Real Bedford men and Real Bedford ladies both at the top of their respective league. What a start to the season. We've both got massive cup games this weekend. Get anywhere near Bedford and you want to come down, especially on Saturday, because before the men's game at 12 o 'clock, we've got a meet up. And I'm going to be joined by Robert Breedlove. So please do come down to Bedford. Come down to McMullen Park, enjoy some football, enjoy some Bitcoin, and hang out with the man Breedlove himself. Anyway, welcome to the What Bitcoin Did podcast, which is brought to you by the massive legends at Iris Energy, the largest NASDAQ listed Bitcoin miner using 100 % renewable energy. I'm your host, Peter McCormack. And today, we've got macro genius Luke Gorman back on the show. Now Luke is one of our absolute favorites here at WBD. Me, Danny, and producer Ben all love Luke, and he brought the fire this episode. We get into the infinite money printer, the bond market getting crushed, inflation, and social unrest in the US. We covered the lot. I know you're going to love this one, but if you've got any questions about this, any feedback, anything else, please do hit me up. It's hellowhatbitcoindid .com. And if you haven't checked out our event next year in April, Cheat Code, please head over to cheatcode .co .uk to get yourself a ticket. All right, on to the show. Luke, how are you? I'm doing well, Peter. How are you today? Yeah, I'm doing well. I do wonder if we'll ever jump on one of these calls. We do every six to 12 months and be like, yeah, do you know what? The economy's good. The banks are making good decisions. The government's doing well. It has no inflation. The world's all right. That would be nice, you know, we could all go to the beach and have a margarita or something. Yeah, it's a bit weird. It seems like everything's just getting worse. We had planned all these things to talk about and just while Danny was setting up the cameras, I was flicking through, I hate saying X, I'm going to keep it to Twitter. And our mutual friend Linaldin tweeted out that the Treasury expects to borrow nearly 1 .6 trillion in net new debt during the six month period covering this quarter and the next quarter. Is there no limit to how much money they're going to borrow? It seems like the bond market is maybe making the early noises about attempting to restrict what they can borrow without Fed help, but it's really ultimately a function of what's the dollar, what's the bond market doing, what's the dollar doing? It's that classic rates versus currency decision. Can you explain that? Can you walk us through that? What is the bond market saying and explain it so I understand. Sure, so there's sort of the case for most places and then there's a case for the US because where the reserve currency is sure. And you also have this giant offshore dollar borrowing market, right, the euro dollar market, but there's 13 trillion dollars in offshore dollar denominated debt according to the BIS. So means that the implications of that are that as the dollar goes higher, so the Fed raises rates, the dollar goes up, dollar goes up, the foreigners who have borrowed in dollars see their effective borrowing rate go up, the cost of servicing that dollar debt goes up and so they need to somehow raise dollars. Well, they can't print dollars like the Fed, so where do they get their dollars from? Fortunately, or unfortunately, depending on which side of it you're on, foreigners have run surpluses against the United States by virtue of how the system works for a long time and particularly in the last 25 to 30 years. And so foreigners have about 18 trillion dollars net, so I don't want to say it's closer to 40 trillion gross, but I think it's 18 trillion dollars net in US dollar assets more than we have of theirs. It's this net international investment position I've talked about. So they have 18 trillion dollars of dollar assets, about seven point six trillion of that are Treasury bonds. And so, yes, they are short dollars, but only to the extent they are unwilling to sell treasuries to get dollars or sell stocks to get dollars to defend. And so what you see is this virtuous or vicious, I guess it is vicious cycle where the dollar goes up. Foreigners are forced to sell treasuries that rates go up as rates go up, the dollar goes up. You wash, rinse, repeat until we either get a calamity or more likely more. The way it's worked really increasingly frequently is the US Treasury market gets dysfunctional. And there's an index we follow called the move index. It's the volatility of the Treasury markets created by a gentleman named Harley Bassman who pointed out once that index goes over 150, the Fed has lost control of the bond market. And October 3rd of this year, it was 141. All of a sudden, everyone and their mother on the Fed came out and said, well, maybe the bond market's done our job for us. Maybe we're done raising rates. They tried jawboning the dollar down. It's it's sort of worked. It's stopped the dollar going up like every day, but it's it hasn't really gotten the dollar down. But that's ultimately as it relates to this situation for the US that as long as the dollar's going up, given this massive offshore dollar denominated debt and this US massive dollar asset net position that foreigners have that they can sell to get dollars. Ultimately, it's sort of all fun and games until the Treasury market loses an eye. And once the Treasury market loses an eye, the volatility gets to a point where it is indicating that the Fed is losing control of the Treasury market. That has been the point over the last four years. Where the Fed steps in and says no mas and at that point, they kind of say, well, it's not QE, we're growing our balance sheet, but it's not QE. You know, Jackson Hole, a couple of guys gave a speech that said it was a presentation. It was, you know, it's possible the Fed might have to do non -monetary policy purchases of treasuries. But it's important that we sort of lay that out that, you know, it's it's almost like, you know, those are those are trading sardines, not eating sardines. It's it's, you know, they're printing money for for market functioning reasons, not for monetary purposing reasons. And the market's not going to care. But that's ultimately that do they want if they want the Treasury market to function really well, given these levels of debt, they need the dollar to be a certain level lower than it is. If they want the dollar here, then they're going to need to restrict how much they're trying to borrow or be willing to lose control of the bond market and the Treasury market specifically. I'd like to pretend like I just understood all of that. I would. I really want to say I pretend I can understood all of that. But but it sounds complicated for the layman like me, the everyday guy, I can't interpret what that means. So basically what it means is unless the Fed prints the money to buy the rate down, then the rates are going to go up on the government until the government until rates ostensibly extremes inform the means. In theory, we the bond market could run away and then all of a sudden. The in theory, you can get to one hundred percent of your revenues in interest expense, nobody, nobody for anything else, in which case either the Fed prints the money or we say, sorry, Ukraine, sorry, Israel, sorry. Everywhere we're bringing our boys home. And in fact, they have to book their own tickets because we don't have the money. And boomers, you're on your own. I know we promised you hip, sneeze, drugs, docs, all that, but sorry. All we have is money is to pay the interest. So this is an issue of supply and demand in bonds. And the big risk is they cannot afford the interest on the debt they have themselves, because what is it like 30? Where are we at now on the debt? Thirty three trillion themselves? Thirty four. High interest rate is so it becomes unaffordable themselves. It's the only way to see that is it's more QE. Yeah, that's exactly I mean, it's ultimately a supply demand problem of of debt versus not just existing debt, new debt, and then also against the supply of balance sheet. Right. There's only so much global private balance sheet that can that the capacity to buy the stuff and continue to hold the old stuff and the balance sheet capacity increases as the dollar goes down, it decreases as the dollar goes up. And ultimately, that balance sheet capacity has repeatedly needed to be supplemented by the Fed's balance sheet, which is infinite. They can buy as much as they want. They will never run out. The flip side is, is that has implications for the dollar because you're effectively printing money to finance deficits. But if they do do that, would it be a case if they're trying to bring down the interest rates and they're using QE to do this? Isn't this just the cycle we've been going through over and over again? This will lead to more inflation and more inflation will lead to them having to raise interest rates again. You know, isn't this just a cycle that gets worse every every time we go through another cycle of this? Yeah, oh, it's to me, it's been a very it's a very I think it is the most important macro cycle. It's a very obvious cycle. In 2014, global central banks stopped growing their holdings of FX reserves. And what that means in plain English is foreign central banks stopped adding to their supply of treasuries. So if if one of your biggest marginal buyers stops buying, somebody else needs to buy. And as that happens, a couple of things, a couple of things happen. Number one, the dollar starts going up and number two, rates start going up. And that can manifest given the omnipresence of the dollar and the centrality of the dollar to the system that shows up a lot at different places. But dollar up rates up. And we've seen this sort of at first we regulated the banks in 2014 into, you know, it's a little bit like the cracks in the dam. Right. So the first crack in the dam is like, OK, foreign central banks are buying the debt anymore. OK, what are we going to have by what we have regulate the banks into doing. So they do that. And that works for a while. And then because the supply of water, which is U .S. federal deficits, just keeps growing and growing and growing. Right. Inevitably, the pressure from the water growing, growing another crack, money market funds. We're going to regulate them into that was 2015, 2016. Again, both of these things crowd out global dollar markets. They send LIBOR short term rates up. Then you end up driving the dollar up to levels that start creating problems around the world. What do we do? We weaken the dollar in 2016. We weaken the dollar in 2017 with the Treasury general account. Basically, the Treasury's checking account starts to inject our liquidity to kind of manage this process. 2018, more cracks, especially now that the Fed's QTing in earnest. We start regulating Trump, regulated U .S. corporate pensions into buying more treasuries, gave him a tax break. OK, now we've got our thumb in the in the in the wall. So and, you know, 2019, we get another crack with repo rate spikes. OK, oh, now the Fed has to step in. Now the Fed's growing their balance sheet. But it's not QE. It's just fixing the fact that repo went from two to eight overnight because there's too much supply of water and not enough demand for the water that kind of holds. That breaks again in March 2020 at the depths of the covid crisis. The Fed does mega QE. They call it QE. OK, leads to inflation. 2022, we're going to start backing off, we're going to tighten. They get, you know, whatever they really start getting aggressive in March, April of really tightening. And by September, the UK gilt market blows up. Uh oh. They all get together in Washington in October of 2022. And they give Janet Yellen, what we used to call on the desk, a hey MF 'er conversation and Yellen comes back and runs on the TGA. The dollar goes down 15 percent, buys time. Another, you know, so it's just this you it is a constant cycle that started 10 years ago, but it keeps getting faster and faster. Right. That 2014, we regulate the banks. We worry about it again to like 2015, 16 with money markets. And even then, you know, you didn't have to worry about the the dollar was not too high in that case till 2016, 2017 and had to be addressed. Then it was already end of 2018. The Fed had to stop raising rates. Then it was September 2019. Then you kind of covid sort of screwed up the pacing of it in terms of of getting a clean apples to apples read. But since then, it's accelerated, it's September 2019, you had March 2020, you had September as soon as they started raising rates, March 20 or September 2022, March 2023, September 20 or October 2023. Now, it just it's getting faster and faster. And so, yeah, it is really it fundamentally the problem is very simple, way too much U .S. deficits, not enough global private sector balance sheet unless the Fed is in there helping to buy this stuff of printed money. That's at the end of the day, that's it. That's the problem. Is it essentially paying off your credit cards with a new credit card? Absolutely. While the rates going up on it, if the Fed does step in and start buying bonds in that way, does the U .S. just turn into Japan? Japan? No, we turned into Argentina. Japan, Japan is. Night and day different than the United States in this situation, right, so Japan is a net international investment position, remember, so I said we have foreigners own 65 percent, that 18 trillion, 65 percent of US GDP. So the U .S. net international investment position is negative. Sixty five percent of US GDP. Japan's is positive. Sixty percent. So for starters, when Japan runs into that problem, the first thing they can do is ring, ring, ring, hey, Washington, it's Japan. Those dollar assets we have to the tune of 60 percent of of our GDP, we want to start selling five percent a year because we need to finance our our fiscal deficit of three percent a year and do two percent of stimulus. And they can do that for a long, long time. That's number one. Number two, they run a current account surplus, right, their trade surplus. So they are running the surpluses on the current account versus us running deficits. We need number three. OK, the deficits we're running, the twin deficits historically have been foreign financed. They have financed internally. So you can run you if you're financing internally as Japan, deflation is an option you're when you're financing internally. Right. Because now you can pay your people, you know, zero percent interest on long term bonds because the cost of living is fear and deflation. Your cost of living is falling. Living standards are rising politically. That works. You cannot do that when you're in the United States. If you're financing externally, you start running deflation as a twin deficit. You get into a debt spiral. Your debt pile gets bigger and bigger and bigger nonlinearly every year. And pretty soon you run into debt credibility issues. You also, as Japan, do not have to provide most of your defense because your friends, the United States, have provided it for most of the last 80 years. We have to provide our own defense and that defense appears to be getting much more expensive by the minute. And then lastly, the United States is very heterogeneous in population. And Japan is very homogeneous in population. So it's a lot easier to sort of get people to sort of, you know, go along to get along and take one for the team. Culturally, there's much more of a willingness to take one for the team. I think their government has probably all in all done probably a better job of maintaining their credibility or maybe losing their credibility less fast than ours has with its domestic populace, maybe a better way of putting it. And so when you roll those things together, but especially the net international investment position, the current account, you know, Japan can say ring ring Washington send us our money. We need it to finance ourselves. And that throws that, you know, sell treasuries. We're going to bring back the dollars and defend the yen with those by selling dollars and buying yen. And they can do that for a while. They have 60 percent of GDP in that area. There is no there is no ring ring for the U .S. The ring ring. They don't call anybody overseas. The ring ring is, hey, Fed, start printing again. And when you say when they have to do that again, whenever that is, because they're going to have to do that again. Yeah, then that's why it gets much more into an Argentina like dynamic. And as I've said, Argentina with U .S. characteristics, not Japan is what is going to be the outcome. I was out in Argentina recently, was it three or four months ago, Danny? And I made a documentary while I was there about inflation. And one of the interesting things about being in Argentina is if you're certainly in the middle class, you have access to dollar products, whether it's cash dollars or digital dollars or crypto dollars or U .S. equities or U .S. bonds, you have access to dollars to mitigate against inflation. And most people just get rid of their peso and get some kind of dollar products as soon as possible. But if if you're an American, there is there is no equivalent. I mean, yes, there's gold and yes, there's Bitcoin. And, you know, we've seen this rise in both gold and Bitcoin recently. Perhaps that's it. I mean, is that it? The short answer is yes. You know, you can kind of see right who is who has won over the last 10, 20 years in the U .S., right? It's if you if you own a lot of stocks, you're doing great.
Fresh update on "one hundred percent" discussed on Mark Levin
"Diplomatic protocol by by giving a speech to u s congress attacking obama's nuclear deal when he was in the midst of a negotiating it that's right actually netanyahu represents his people and says he doesn't want iran to get the nukes supposed to sit there and shut up obama's in charge my point is that there's not so much love lost between obama and biden what he writes in here too is that obama netanyahu hates that's his phrase and he's talking to the obama people obama hates netanyahu because netanyahu stands in the way of their designs he's trying to protect his country and these people hate israel remember kalidi remember i talked about him last night remember we played some of the audio professor columbia a history professor in the middle east the edward say it see in in my view israel haters and also hamas mouthpieces my point he writes is there's not much love lost between obama and biden were it not for the fact that donald trump came in between their presidency so we would be focusing a lot more on what divides these two men some of its personal biden felt disrespected as vice president his advice was routinely ignored obama's staffers did little to disguise that they saw biden as someone who had to be tolerated rather than solicited he's from a different generation and learned his politics in an era that seemed to have lost its relevance biden felt slighted the friction between them was capped by obama's preference for hillary clinton and so forth and so on some of their friction is also political if you compare obama's fire policy record to what biden is doing they're often on opposite sides obama doubled down on afghanistan with his big troop surge biden pulled out precipitously obama responded weekly to vladimir putin's annexation of crimea biden is all in for ukraine i'm going to question that soon later in the show obama talked about a pivot to asia obama netanyahu detested mine says they've been friends for more than thirty years bb i love you i don't agree with the damn thing you say biden claims to have told him obama would agree with the second sense but die a thousand deaths before entering the first that's the point obama wants netanyahu obama hates israel as it exists today obama's a mouthpiece for the palestinians and obama brought in the people who wanted to build up dive into the seamless world the premium nationwide coverage free activation and contract free plans with consumer cellular now at your local target plus we offer one hundred percent u s based customer support and a risk -free guarantee and unlimited talk and text plan starting at twenty dollars a month now let me introduce you to our latest gem the iris flip it's all the phone and camera you need plus it features a user -friendly design wifi and gps capabilities all powered by our reliable four g l t e network making it your perfect flip phone companion but here's the best part when you purchase the iris flip at target from now to december sixteenth you'll get ten dollars off yep you'll get the iris flip for only thirty nine ninety nine visit your nearest target to grab the full scoop on this incredible deal sees the moment and make the switch today limited time offer stay connected twenty four seven like seventy seven w the on face book you live or work in connecticut you get sinus infections have congestion or sinus headaches even sinus pressure and pain you've already gone to your doctor and visited urgent care over and over again and it's always the same thing oh i know let's try antibiotics and some nasal sprays but they keep on just coming back you may suffer with chronic sinus infections but the good news is relief is possible how you ask a minimally invasive procedure done in the Greenwich office of CT ENT called balloon imagine the relief of not
A highlight from 1443: LEAKED: BlackRock Will Launch Bitcoin ETF On This Date!
"In today's show, I'll be breaking down the latest Bitcoin technical analysis as Bitcoin beats S &P 500 in October as 40 ,000 Bitcoin price predictions flow in. Also, the Bitcoin price hits all -time highs across Argentina, Nigeria, and Turkey. Let's freaking go. Also in today's show, Binance founder CZ's fortune gets slashed by $12 billion while SPF is still at zero. Also in today's show, bi -Bitcoin search queries on Google surge a whopping 826%, and the United Kingdom also breaking news. Cynthia Lummis leads the charge, calling for the Department of Justice action against Binance and Tether. Quoting Max Keiser in response to this news, the Wall Street Journal story was quickly debunked. The allegations are riseable. The only explanation is that Cynthia Lummis has been corrupted. Not surprising, she has never fully understood Bitcoin, and now we know she is a gun for hire for the fiat money terrorists and central bankers. The real terrorists, sad, but not surprising. I will pray for her. Shout out to the high priest of Bitcoin. Also in today's show, breaking news, BlackRock takes the apparent next big step in the Bitcoin ETF. That's right. Quoting Eric Balchunes, the ETF expert from Bloomberg, BlackRock stating in their recent spot Bitcoin ETF amendment that they are seeding the ETF in October. Don't want to read that much into it, but it is new info, not in the original filing. So it's noteworthy, especially because is BlackRock. You're damn right. I'm going to be sharing BlackRock's Bitcoin game plan. And did you know that BlackRock CEO Larry Fink exactly six years ago said Bitcoin is an index of money laundering. Now Larry Fink today is racing to launch the Bitcoin ETF and sees crypto as a flight to quality. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again, that's cryptonewsalerts .net. Welcome everyone. This is pod episode number 1443. I'm your host, JV. And today is October 27th, 2023. And naturally we got lots to cover. So let's dive right in and kick off today's show with our market watch as we do each and every day. So you should be able to see on the screen here, coin 360. We got Bitcoin pulling back some just under the cusp of $34 ,000. We still have Ethereum, BNB, Solana, XRP and Cardano in the green thus far for the day. And check it out coinmarketcap .com. The current crypto market cap sits at 1 .26 trillion with roughly 38 billion in volume in the past 24 hours. The Bitcoin dominance has been on the climb currently at 53 % even with the ether dominance at 17 .1%. I'd love to know your thoughts. How high do you think the Bitcoin dominance is likely to climb for this bull market? Now checking out the top 100 crypto gainers of the past 24 hours, NIO is leading the pack up 16%. And I'm not talking about NIO from the matrix. We're talking about the crypto trading at $8 .85, followed by Injective up 13%, trading at $13 .38, followed by Floki up 12%, trading at virtually nothing. Now also checking out here, Crypto Bubbles, we can see the top 100 crypto gainers for the past week. Overall, it's a sea of green, which we love to see. Only a handful in the red. We have the top gainers here being NIO and Injective as well. And checking out one of my favorite indicators is the crypto greed and fear index. We're currently rated a 70 in greed. Yesterday was a 71, last week a 53, which is neutral. And last month, a 44 in fear. So there you have it, fam. How many of you are currently bullish on the King crypto? Let me know and make some noise. Now let's dive into our Bitcoin technical analysis. Check out the charts where the Bitcoin price action is likely to go next. I'll give you a hint. $40 ,000. Send it and let's freaking go. Again, shout out to everyone just joining us in the live chat. As you can see here, Bitcoin surfed $34 ,000 at the October 27th Wall Street open as attention turned to the Bitcoin price performance against macro assets, as we can see here in the Bitcoin one hour candle chart. Now, data from Cointelegraph and TradingView showed Bitcoin holding steady, preserving its early weak gains. Bitcoin avoided significant volatility as the weekly and monthly closes, which is a key moment for the October uptrend. And it's been a hell of an October, wouldn't you say? Quoting Dan Crypto Trades here, I think Bitcoin will hang around this range for some time. He also shared roughly 33, the 35 ,000 is what I'm looking at as a range. Eyes on a sweep of any of these levels for a quick trade. And he shows you the low range, the mid range, as well as the high range. Dan, nonetheless, noted that open interest had recovered near levels last seen during the sudden uptick, which sent Bitcoin to 17 month highs. And as reported, open interest highs had formed a feature of the Bitcoin price squeezes during the prior weeks, quoting Dan Crypto Trades right here. Bitcoin open interest on Bybit has almost recovered to the level before the massive short squeeze this week. During that squeeze, we saw a 21 % decrease in open interest on Bybit, which was worth four hundred and fifty million dollars. Elsewhere, on chain monitoring resource material indicators flagged the downside signal on its proprietary trading instruments. And with two such daily signals currently in place, material indicators said that only a move to thirty eight thousand eight hundred and fifty would invalidate the bearish implication. And he continued, that doesn't mean we can't go there before the monthly candle closes, as he outlines here on this ex post alongside this chart. Now, more optimistic perspectives came from the macroeconomic comparisons. Many analysts projecting forty thousand incoming, including Crypto Calio, noting Bitcoin had outperformed the S &P considerably since September, with the odds of continued Bitcoin price upside still a good result. Quitting him here over the course of the past month, we have finally seen the bullish decoupling from Bitcoin from equities that everyone was waiting for. That's right. Bitcoin is on its own vector, does its own thing, and it don't care about the rest of the market. As he shares here, while Bitcoin is up only thirty six percent versus USD from the September lows, Bitcoin is up forty eight percent versus the SPX, and we're now up roughly one hundred and ten percent for the year. Not too shabby. And in a chart he shared here comparing Bitcoin to the S &P with key recent events of the Bitcoin history marked, Calio argues that there was plenty of fuel left in the tank for a move higher to forty thousand. I agree. Let me know if you agree to disagree with the analysts. Others focus on the significance of the recent resistance levels being within days of flipping to weekly and monthly support. Quoting Matthew Hyland, not sure how anyone can look at this Bitcoin chart objectively and conclude that breaking through thirty thousand or thirty two thousand is no big deal. One hundred percent. He also shared the last line of hope for them is the weekly and monthly closing below. So there we have it. This month is only four days left. And guess what is right around the corner? It's the birthday of Bitcoin. It was launched on Halloween Day, I believe, October thirty first of what was it, two thousand and nine. Crack me if I'm wrong. I'm guessing that's when the Genesis block was. And lo and behold, we're only four days away from Halloween. And we're not too far away from eleven eleven, November eleventh, which is the official Bitcoin day, which I declare maybe I'll share some more about Bitcoin day being a national holiday here a little later on in the show. Welcome to y 'all just joining us. Let me know if you're currently bullish or bearish on the King crypto. And do you think we can continue to soaring in November with this bullish momentum? Let me know your thoughts in the comments right down below. Now let's break down our next story of the day, and that's Bitcoin reaching all time highs in many countries around the world as all fiat currencies will eventually go to zero against BTC. Check this out. The price of Bitcoin was notched to new all time highs against some of the world's most inflationary fiat currencies across 30 hours over October twenty third and the twenty fourth. The cost of buying one Bitcoin reached all time highs using the Argentine peso, the Nigerian naira and the Turkish lira. Now, Lauten Kip and the Egyptian pound. Very interesting. I mean, Bitcoin's breaking out to all time highs everywhere. However, it should be noted that the result is due to the ongoing devaluation of currencies exasperated by Bitcoin's recent 16 percent surge. Now, the naira and the lira fell to their lowest points against the US dollar on the twenty fourth and the twenty fifth, while the peso is only point eight five percent off its all time low against the US dollar. And according to the IMF, the Venezuelan Bolivar currently has the highest annual inflation rate at three hundred and sixty percent. Could you imagine living over there and having hyperinflation occur at a three hundred and sixty percent increase month over month? That's pure insanity. Followed by the Zimbabwe dollar at three hundred and fourteen percent and the Sundanese pound at two hundred and fifty six percent, followed by the Argentine OSI at one hundred and twenty two percent. Now, the Turkish lira and the Nigerian naira came in sixth and fifteenth with the annual inflation rates of fifty one and twenty five percent, respectively, according to the IMF data. Now, crypto observers have long seen digital assets such as Bitcoin and stable coins as a hedge against rocketing inflation, and recent figures could bolster that narrative. Yeah, I would say now Nigeria, Turkey and Argentina boast the second twelfth and fifteenth highest rates of crypto adoption worldwide, according to a September twelfth report by Chainalysis, including the Giga Chad and chairman and founder of MicroStrategy, Michael Saylor, with inflation at ninety nine percent in Argentina. And this was back on February 15th when he made this tweet. It's ninety nine percent in Argentina, likely what the citizens of the beautiful country would benefit from Bitcoin. That's right. So why are all these citizens in these countries where hyperinflation is breaking out, moving to Bitcoin? I think that's why adoption is increasing drastically in places and countries like Nigeria. For example, Nigeria is finally becoming more welcoming to cryptos after its central bank banned local banks from providing services to crypto exchanges in February of twenty twenty one. Progress was made December of twenty twenty two when Nigeria announced its intention to pass a bill recognizing crypto currencies as a capital for investment, citing the need to keep up with global practices as one of the main reasons behind its change in stance. Now, while Turkey is home of some of the most crypto curious people, its central bank banned crypto payments for goods and services in April of twenty twenty one. It has also been working on a central bank digital currency, which we know is a CDC to digitalize the Turkish lira in the recent years. And as we all know, Bitcoin is the antidote to the CDC. So just say no to central bank digital currencies, aka program programmable fiat programmable dollars by the central bankers. Meanwhile, Argentina's inflation crisis could be influenced by the outcome of its presidential election in November, with presidential candidate Javier Malay set to face competitor Sergei Massa in a final runoff vote November 19th. That's just a few weeks out. Fam, hopefully Malay wins the presidency because Argentina has a massive population. This would help usher in massive Bitcoin adoption. Now, Massa, who currently serves as the country's minister of the economy, wants Argentina to launch a CDC as soon as possible to solve the country's long lasting inflation crisis. Now, we all know not going to solve that. Bitcoin is the only way to solve these problems. That's why we need Javier Malay to become president. Now, quoting Peter Schiff, Argentina's president provides a glimpse into America's future, where the central bank raised interest rates, 15 percentage points to 133 percent October 12th. But with inflation running at 138 percent and budget deficits and debt rising, the rate hikes will have no effect on reducing inflation. So there you have it. Now, he also voiced an intention to keep the U .S. dollar away from Argentines, explaining that Argentine should instead be patriots and defend the Argentine peso. I think that's hogwash. That's why we need to vote Malay fam. Malay, on the other hand, wants the U .S. dollar to be adopted in addition to abolishing Argentina's central bank. Hey, anyone who is calling for the abolishment of a central bank is pro bitcoins. That's what's up. We need pro bitcoin presidents like Najib Bukele, not more presidents like corrupted mofos like Sleepy Joe. Just saying, fam. Now let's break down our next breaking story of the day. And that is the richest man in crypto is CZ. It's no secret, but his fortune is getting slashed. And now there is FUD coming from Senator Cynthia Lummis. We're going to touch upon the FUD a little later, which I think is just bat -ish crazy. But nonetheless, here's the latest with the fortune of the richest man in crypto, CZ, the owner of Binance. So here we go. Binance co -founder and CEO CZ has seen his net worth slashed by almost 12 billion dollars amid the following trading volumes of his exchange Binance. October 26, the Bloomberg Billionaires Index cut Binance's revenue estimates by 38 percent amid a slump in the exchange volumes, which knocked CZ down to 95th place on the rich list. I think this is all by design. What are your thoughts? And I find it all interesting while the ongoing trial of SPF is taking place and he's actually testifying. Today is the last day of the court case, FYI. Now, CZ's net worth is now 17 .3 billion, not too shabby, registering an 82 percent drop from his 96 billion dollar peak in January of 2022. That was roughly two months after we hit the top of 69000 in Bitcoin. Naturally, with CZ being one of the larger hodlers of Bitcoin. So this ranked him amongst the 11th most richest people in the world, which leads me to believe the first trillionaire is going to be a Bitcoiner. Don't you think so? I think the first trillionaire will surpass the fortune of Bezos, Elon and all those other fools. Just saying. Bloomberg's index calculated Binance's revenues from spot and derivatives trading data from crypto data aggregators CoinGecko and CoinPop Rica. And as of September, the exchanges spot trading market share had fallen for seven consecutive months to 34 percent. And in January, the Binance spot market share was over 55 percent. Now, Binance U .S., its United States base arm, also saw volumes touch new lows last month. That's due to the SEC going after them clearly. Now, CZ's plummeting net worth and Binance's fading trading volumes follow twin lawsuits from the U .S. SEC and CFTC. Attack, attack. Very clear. The SEC sued CZ, Binance and Binance U .S. in June, claiming the exchanges operated illegally, sold unregistered securities and mishandled customer assets, with CZ named as their controlling person. Now, the CFTC suit in March claimed Binance did not properly register with the regulator. CZ and Binance reject both the regulator's allegations and seek to dismiss both lawsuits. Now, the recent fall pales compared to CZ's rival, Bankman Fried, who saw his 16 billion dollar fortune effectively wiped out November of 2022 after FTX disclosed this liquidity crisis just days before it filed for bankruptcy. And what makes this also very interesting, of course, Bankman Fried was considered one of the richest in the world, also on the Forbes rich list. And then just like that, in a matter of weeks after FTX collapsed, they filed bankruptcy. And now he's worth a big fat zero and most likely going to be facing some prison time and some other harsh punishments for the crimes he committed. We'll see how that all plays out. Hopefully we have some insights by next week on how the court trial has gone, as it's been going ongoing for the past two to three weeks. And with that being shared, fam, now let's break down the next story of the day and discuss by Bitcoin searches are going parabolic, which is a sign of the times that the bull market is here. It's like deja vu all down. Then we'll dive into the latest Cynthia Lemus Fudd and BlackRock ETF news, along with their date of when the ETF is likely to get the approval, followed by some live Q &A. Here we go. Google searches for buy Bitcoin have surged worldwide amid the major crypto rally, with searches in the UK growing by more than 800 percent in the last week. Now, how many of you are tuning in right now from the UK? Let me know. And how does it feel the sentiment of Bitcoin in your country? Yeah, I mean, let me know. According to research from Crypto Gambling TV, the search term by Bitcoin spiked by a staggering 826 percent in the UK over the course of seven days, quitting them here. The remarkable surge in by Bitcoin searches in the UK, combined with the crypto's resurgence, underscores the growing interest and potential impact a traditional financial institutions involvement of the world of digital assets. Now, while users in the UK led the pack, there was also noticeable increases in searches relating to purchasing Bitcoin from Web users all across the globe. According to data from Google Trends, searches from users in the United States for should I buy Bitcoin now increased by more than 250 percent. Let's go. While more niche searches, including can I buy Bitcoin on Fidelity, increased over thirty one hundred percent in the last week. That's because Fidelity is massively bullish on the king crypto. And they're the ones that put forth the billion dollar Bitcoin price prediction, which I covered here in the show. And zooming out further, the search term, is it a good time to buy Bitcoin? So I 100 percent plus gain worldwide over the last week. And in comparison, searches for BlackRock Bitcoin ETF also jumped 250 percent, demonstrating the broader enthusiasm for information relating to BlackRock spot Bitcoin ETF, which is currently pending approval, which all eyes are on the ETF right now. The sudden uptick of interest comes amid a drastic increase in the price of Bitcoin over the past fortnight, with Bitcoin briefly surpassing the value of thirty five thousand on October 24th. In fact, I think the local highs roughly thirty five thousand two hundred. The excitement appears closely linked to the approval of a spot Bitcoin ETF, which many pundits believe will unleash a fresh wave of buying from the institutions. Now, senior ETF analyst Eric Valchunas and James Safart have pinned the probability of an approval at 90 percent by January 10th of 2024, quoting James Safart here on X. I've gotten a lot of questions regarding my current view on spot Bitcoin ETFs over the last couple of weeks. This is the first section of the note I put out yesterday with Eric Valchunas. Now, obviously, he shared there is a 90 percent chance of the approval for ARK's January 10th deadline, which is going to be coming up here soon. And at this time, we have Bitcoin up now more than 27 percent for the past two weeks as October continues in full effect. And guess what? The month is yet to be over. So October for the win. Let's freakin go. Now, let's break down our next breaking news of the day. And I'm a little shocked to hear the FUD that Lummis has turned into a traitor. She has been. What's the word we're looking for here that Max Kaiser loves to use? The word is she has been corrupted. So, yeah, Max Kaiser calling her out. So much respect to the high priests of Bitcoin. I don't respect anyone pushing this Bitcoin FUD and narrative. Obviously, it's not a good look. And it goes to show you that any of the senators can be corrupted, just like Cynthia Lummis. So let's start with the actual tweet, which got this whole thing started. I think I have it saved somewhere here.
Fresh update on "one hundred percent" discussed on The Eric Metaxas Show
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A highlight from Mooonstone Bank: FTX, Deltec, and the Mission to Move Millions
"Welcome back everyone, I am Cass Pianci and I'm joined as usual by my partner in crime, Mr. Bennett Tomlin. How are you? I'm doing well. How are you, Cass? Good. Annoyed. It's been a dumb week for everyone in the world, basically. There's just so many stupid stories going on right now. But we're focused on Moonstone Bank today, which in a sense is related to the ongoing drama of FTX and Alameda Research, where we've been doing some coverage in regard to the trial as well. But yeah, Moonstone Bank is a particular and very niche topic, but it deserves kind of an examination of its own. I guess I just want to get us started with the very basic facts of what Moonstone was. So Farmington Bank was established in the 1800s. This was a small community bank located in eastern Washington state. It basically served farmers that were locally in this very, very small town of Farmington. Farmington has, I think even right now, something like 250, 300 people or something like that. Incredibly tiny little town. Farmington got bought by a Hong Kong citizen who was naturalized English, I believe. So he was an English citizen of Hong Kong. He purchased the bank in the 1990s and held onto it for 20 -ish years, and then he sold it. And the gentleman that he sold it to is Jean Chalapin, who is an incredibly wealthy banker, but also the creator of the famous cartoon Inspector Gadget and a handful of other cartoons. He is the owner of a large bank in the Bahamas known as Deltech, Deltech Bank and Trust. Deltech served as the main bank for Tether and also served FTX and Alameda Research. They served a lot of cryptocurrency companies. And he purchased Farmington State Bank in 2020. But do you want to take it from there, Bennett? Jean Chalapin went out and purchased this bank, this small bank in the United States. And this is something that Deltech executives have discussed doing before in their publications and stuff about how going to acquire this type of bank effectively gets you the banking license without some of the other headaches. Later, in 2021, Alameda Research agreed to invest $11 .5 million into Moonstone Bank, owning 9 .9 % of it and valuing the bank at $115 million. Besides this investment into Moonstone Bank by Alameda Research, $50 million of the deposits at Moonstone, which was basically all of the deposits at Moonstone, came from FTX funds. Besides that $50 million, there was an additional $50 million loan from FTX to Deltech around the same time that Alameda Research made this $11 .5 million investment. So the reason Moonstone is so important is because there was this attempt by the chairman of the Bank of Cryptocurrency in the Bahamas and the CEO of this important trading firm in exchange, Sam Bankman -Fried, to go out and attempt to gain control of this small community bank, fill it with cryptocurrency funds. And then the stated plan from like Han Vier, the chief marketing officer of the firm, was to try to push this to be like the future of online banking. Serve cryptocurrency, serve cannabis, and create a new experience of online banking that people outside of the small community of Farmington could access. And so that's how we go from like this very small bank to suddenly being a much larger bank with ties to criminal behavior. So what they did is once they had purchased this bank, once Jean Chalapin had bought Moonstone, almost immediately he made the move to transfer the regulatory oversight of Farmington to the Federal Reserve. So initially, smaller banks like this, state chartered banks, banks that aren't doing a lot of global transactions and bigger transactions, generally they prefer the regulatory purview of the federal depositors insurance corporation, the FDIC, just because I think that the regulatory guidelines for the FDIC are a little looser. I don't know if that's the right, I don't want to make the suggestion that the FDIC is not monitoring things and not doing a great job of regulating. That's not my point, but that this smaller bank and smaller banks in general choose the regulatory purview of the FDIC. He moved to have the bank regulated by the Federal Reserve. The one promise made during this regulatory transfer was that Farmington would not be altering its business massively, that it especially wouldn't be altering its business massively in the sense of taking on things like cryptocurrency or cannabis. They almost immediately went against this promise. They almost instantly changed their name from Farmington to doing business as Moonstone, as in to the moon, cryptocurrency, and stone, like stoned marijuana. So they're taking on these two businesses that federally are struggling and having a lot of issues and aren't being accepted widely by the banking system in America, and they're diving headfirst into it. What was surprising for me and many other individuals who covered this and watched as it unfolded was that the Federal Reserve didn't do anything to stop this. And I think part of this is that as the new regulator took over and started monitoring it, there was this six -month, year -long period of this transition from the FDIC regulating them to the Federal Reserve regulating them. And during that time, they could do nearly whatever they wanted. And so I think you're kind of getting at exactly what the point of this move is by switching from FDIC to the Federal Reserve. They started their path towards eventually getting like a Federal Reserve master account and access to like the Federal Reserve's interbank settlement systems and things like that. And they were able to take advantage of kind of the initial scrutiny when they made their like request to become Federal Reserve regulated. And as you kind of pointed towards, there was looser oversight for the period immediately after that, where they were then able to take on this investment from Alameda Research, bring in the new executive team and relaunch with this change business model. And I guess they hoped that by the time the Federal Reserve came back to check on them, the business model would be doing good and they could beg for forgiveness instead of asking for permission. As they decide to get involved with cryptocurrency banking and cannabis banking, I honestly have no idea how much they helped bank the cannabis business in Washington. I think it was a goal more than like a thing they actually did based on like the amount of deposits and what percent we know were FTX. Right. And so like that brings us to the point of very shortly thereafter, this purchase and this switch of regulatory regime, we have this investment by Alameda Research worth $11 .5 million dollars in valuing the bank, which again, guys, this is an incredibly small bank with very few depositors and not a lot of money. Total assets, just to be clear, before Alameda made their investment, was like $5 million. Alameda like invested double their total assets at the time in exchange for less than 10 percent. I think it was less than 10 percent, too, so they could avoid certain reporting obligations if they owned more than 10 percent of the bank. That's right. For people who aren't familiar with this way, it's not just a banking thing. Any publicly traded company, for instance, the famous example of this is Elon Musk purchasing roughly nine point nine percent of Twitter so that he could become a shareholder, but didn't have to do any specific things to get that that board chair seat or whatever. Ultimately, he ended up buying Twitter, so it didn't matter. But similar things happen in business all the time. I think what's interesting here is that, like you said, it valued a very tiny bank, one of the top like five smallest banks in America. It valued it at one hundred and fifteen million dollars, which is I don't know, it's unheard of. But we know how Alameda Research and FTX were doing their investing, which was to dump money everywhere to whoever wanted it. I don't think that's what this is. This is you're right. This is not anywhere to whoever wanted it. This is more like Hyvex than Anthropic, for example. You're right. You're one hundred percent agree with you. But let me put it this way. This was obviously overvalued. Why was this obviously overvalued? Well, there's where we. Conspiracy or stupidity. Right. There's where we get into the interesting part. Because for some of this stuff, like we like we've seen in the trial, you mentioned Anthropic, where they gave them half a billion dollars because they had an idea, which is incredible. I would love half a billion dollars for an idea. Well, have at least one idea first. Well, OK. I mean, that's where I'm screwed.
Fresh update on "one hundred percent" discussed on The Dan Bongino Show
"Folks in here's the problem I I see with AI and I'm gonna get back to debate I promise I get it we've got a lot of listeners who support the governor governor DeSantis you have a place here too it was a good debate last night we're not done but there's a lot going on and we're gonna sandwich the show a little bit sprinkle without and with throughout the show but having said that but the problem I see here with this artificial intelligence is trusts nobody the quote experts on anything so when you've got a bunch of experts who failed us on Covid you failed us on the economy you failed us in government who we've only had nuclear weapons for you know decades and we can't even figure out how to get control of those now you want to create a superhuman intelligence and we're relying on experts who by the way have you know have just show no expertise in their actual area of expertise to tell us it's not a threat Jim said to me during the break he said Dan just you should update everyone the cdc is saying like it's not a major threat this white lung syndrome thing coming out of ohio what did i say to you jim i go now i know it's now i'm like really worried because the cdc said so i mean i'm being sarcastic but i'm not nobody trusts experts either i got a short clip from rogan about this next little kind of vulgarity we bleeped out it but he's spot on right about how the problem with experts is they keep getting everything wrong so no one even listens to them anymore hey for 10 years patriot mobile has been is christian only conservative wireless provider standing behind their service and their values as a company they're an example of putting a cause ahead of profits that's why i'm proud to partner with starting today patriot mobile's having an every friday matters promotion keep your number and for a limited time get a free smartphone they give you a brand new smartphone when you make the switch today go to patriot mobile dot com slash bond you know or call nine seven two patriot news promo code friday seventy six patriot mobile offers dependable nationwide coverage giving you access to all three major networks which means you get the same coverage you've been accustomed to without funding the left when you switch to patriot mobile you're supporting a company believes in free speech religious freedom sanctity of life second amendment and more than one hundred percent u s based customer service team they make switching easy keep your number and for a limited time in a free smartphone go to patriot mobile dot com slash bond you know or call nine seven two patriots the great company folks and use promo on friday seventy six ten the CPD officer has been relieved
A highlight from Jim Jordan and the Revenge of the RINOs
"Cable news, noisy, boring, out of touch. That's why Salem News Channel is different. We keep you in the know. Streaming 24 -7 for free. Home to the greatest collection of conservative voices like Dennis Prager, Jay Sekulow, Mike Gallagher, and more. Salem News Channel is unfiltered and unapologetic. Like, watch anytime, on any screen at snc .tv and local now channel 525. Hey everybody, it's in the Charlie Kirk show. The Speaker of the House race continues. It is a mess. It is a mess right now. Email us as always freedom at charliekirk .com. We also assess Sidney Powell and the continuing Republican, really a civil conflict or civil war that is occurring right now. Email us as always freedom at charliekirk .com. That's freedom at charliekirk .com. Subscribe to our podcast by opening up your podcast application and typing in Charlie Kirk show. Become a member charliekirk .com and click on the members tab. That's charliekirk .com and click on the members tab. As always, you can email us freedom at charliekirk .com. That's freedom at charliekirk .com. It means a lot when you contact us. We appreciate it and become a member charliekirk .com and click on the members tab. Buckle up everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campuses. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created. Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here. Brought to you by the loan experts I trust. Andrew and Todd at Sierra Pacific Mortgage at andrewandtodd .com. The House of Representatives does not have a speaker and says very clearly in the United States Constitution, the House of Representatives shall choose their speaker and other officers and shall have the sole power of impeachment. But right now there is no speaker of the House. Jim Jordan has effectively withdrawn from the speaker's race. We warned you on this program, the moderates were going to dig in. The moderates were going to try to hold the line and they have. The moderates want nothing to do with a conservative speaker. This is them executing their revenge from what happened with Motion to Vacate. It is a tit for tat back and forth. And I could tell you talking to the grassroots, talking to donors. I've had a lot of donor meetings this last week. Really amazing grassroots donors, really amazing people. There's some great donors out there that really love the country. They are so upset with the Republican Party. They are so over this clown show, this circus. The fact that you vacate the chair and then you have no plan to replace it. You can't have Jim. You cannot even get Jim Jordan to become speaker. It is widespread dysfunction. And the grassroots agrees. Talking everyday grassroots warriors. Let me read this one email and I understand. I understand that these emails can be more passion than actual reality. But I mean, I'll just read this one. Frank says, Charlie, the Republican Party is dead to me. We'll never vote for any of them again. OK, I hope you're wrong, but I understand the passion, the sentiment. I hope you change your mind. But what am I supposed to say? Yeah. Vote for Republicans, because if you give them power, what are they going to do? It's not exactly making the best sales pitch. So now there's new headlines that Jim Jordan has basically backed out. Jim Jordan will not pursue a third vote for speaker. That's too bad. And I'd like to see him continue to push this fight forward, but you can't blame him. I mean, only he knows the intensity and the things being thrown at him. So Jim Jordan is a great American. Jim Jordan is a true conservative. We've been pushing him this entire time. But 20 moderates want to try to get in the way to prevent Jim Jordan from becoming speaker. Now, there's bipartisan support, NBC News says. For McHenry Patrick to become temporary House speaker. Hold on a second, bipartisan support. That's a bad, bad headline, everybody. Wait, did we win the House or did we not win the House? We are effectively destroying our House majority because we cannot select a speaker. We warned about this back in January. We've warned about this last week. And I'm sad to say that if Patrick McHenry becomes temporary House speaker, it empowers the Democrats. This is worse than business as usual. The Democrats did not have any power this this last summer. You could say what you want about how you didn't like Kevin McCarthy and you didn't like the C .R. and the debt ceiling. I can resonate with that. But we had real committees on weaponization of government. We had real stuff going on Biden. So we asked, what was the plan? What was the plan? What was the plan? What was the plan? What was the plan? People said, well, just trust the process. Here we are trusting the process. And if Patrick McHenry is getting bipartisan support, that makes me not want to support him. We want a Republican speaker of the House, not a bipartisan speaker of the House. Big difference. We voted for a Republican majority. Notice that impeachment of Biden is gone. By the way, Biden's numbers are going to probably go up five to 10 points in the next week or two, not because he deserves it, but because you do a foreign visit and there's war and all that. It's it's one of the iron laws of politics is when a foreign leader goes abroad in a time of crisis, numbers go up. So we rolled the dice. We did motion to vacate. And some of you are going to say, you know, McKevin McCarthy totally deserved it. Hard to disagree on the C .R. and the debt ceiling stuff. When you spend two trillion dollars that you do not have in the border remains wide open. Jack Smith is unchecked. We're spending money Ukraine. I'm not going to defend that. Bipartisan means concessions. Because we cannot get our act together, because the Republican Party cannot get behind a single speaker, Jim Jordan or otherwise, if it ends up happening that Patrick McHenry becomes speaker of the House and bipartisan support unites behind it, you will have effectively neutered the Republican Congress. Pramila Jalapal, Jayapal, who is left of Joseph Stalin, has come out and said, quote, I'm waiting to see what the assurances are about power sharing. The chairman of the Progressive Caucus, your Republican Congress is going to have to now do power sharing with progressive Democrats. If this ends up happening and if I'm not going to say it is a guarantee, it is as if another election happened, breaking news, CNN Republicans lose House majority. Quote, what do we have to ensure? What happens here reflects the fact that the Democrats are essentially governing this body. You might have won the House of Representatives at the ballot box. But then you lose it because you can't select the speaker. So this is happening in real time. And Jim Jordan has backed out and some of you are very angry that, you know, Jim Jordan is, you know, this one here. Why is Jim Jordan turning into a fluff? Thought he was a fighter. What is going on? Look, you can't blame him. I understand you're angry and all this, but the 20 moderates are not moving. They're not budging, guys. This is the same problem that we illustrated when we said maybe Kevin McCarthy is not as bad as you think he is. And I will say this. The complaints against Kevin McCarthy, totally legit. Fine. C .R. debt ceiling. I don't like that stuff. But Kevin McCarthy would be and still to this day would be a better speaker. Then a bipartisan coalition government, that is a fact, that's a fact, power sharing coalition government, which is now not something that is being remotely entertained. By the way, we've been attacked on this program by people. Charlie, you're fear mongering. Not going to happen. I'm not going to say it's a guarantee, but it's about a 50 50 shot that there's a power sharing agreement at this point to share power with Pramila Jayapal. By the way, the Democrats, they're so smart. Nancy Pelosi told Kevin McCarthy, I'll always have your back. She's a liar, obviously. Kevin McCarthy gets the motion to vacate all the Democrats. The order came down from the Democrats. Do not bail out Kevin McCarthy. And Democrats said, huh? The Republicans don't have a plan. We might be able to take over the House. The Democrats said, hey, what do we have to lose? We just we just have to sit in our chair through another round of voting and yell. Jeffries, Jeffries for another hour. OK, so the Democrats, like good Stalinists, listen to the Politburo, got the order from on high and they said, OK, let's get rid McCarthy. Let's roll the dice. And now they might actually have won. The Democrats might have taken over the House majority without an election. The American people gave the Republicans a majority and the Democrats very well might take it over because of our dysfunction. Now, it's important to note, if something happened to Biden and Kamala, presidency could only be a person with the true title of speaker, not speaker pro tem or acting speaker. So if McEnany or anyone else is sitting in the speaker's chair as anything other than the true speaker elected by a roll call vote of the House, then after Biden, Harris, the president pro tem of the Senate, and then it would go to Anthony Blinken. Anthony Blinken, Lord help us all. And there's a lot of frustration coming in here. Freedom at Charlie Kirk dot com. And people say, well, Charlie, what is the plan? Honestly, that's not for me to answer. I'm not the one that has been calling for this stuff. I'm in the one that's actually been and I've received a fair amount of hostility from people, a fair amount of hostility to people. And that's fine. I appreciate it. I appreciate it. You guys were blooding me up and send tell me to go to bad places, Gehenna, which is Hebrew for help, because I was a little bit cautious, which is against some of my wiring, which is like, guys, hold on. Let's be careful. Some of you are saying, Charlie, give the Democrats the majority. We never had a majority. Pull the mask off and let's move on. Yeah, I think that's very irresponsible. That's not a good idea. A source familiar told The Daily Caller that, quote, Jordan will continue to run and try to shore up votes until then remain speaker designee, not dropping out McHenry temporary till January. Republicans are not exactly making the best case to give us more political power. What do you think about the Jim Jordan, Kevin McCarthy motion to vacate all of this together? Are you pleased with how the last two and a half weeks have gone? Do you think this is the best use of a precious majority? The only thing in government we control. Have you been thrilled post motion to vacate? Email me. Freedom at Charlie Kirk. Dot com. Hey, everybody, Charlie Kirk here every Halloween, you hear about the dangers in the candy your kids will get. But this year, the real tricks are in the meat aisle. Good ranchers wants to take the trick out of your meat, and they're throwing in a treat for my listeners. Lab grown meat is growing more and more popular. 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OK, I think I have to do a better job of explaining this because we're receiving a lot of emails of people confused, saying, Charlie, what do you mean? We could lose the majority. OK, so let me do a better job of kind of articulating this. So you have four hundred and thirty five, right, like 435, 435 members of the United States House of Representatives voting members. You have some people from Guam or the Virgin Islands that aren't voting members that can sit on committees. OK, there are four hundred and thirty five people in the United States Congress and they come together and obviously divided by party. And so one party has more members than the other Republicans. I think right now of two twenty one to twenty to twenty one, right, depending on who's sick or who's in the hospital. Not a joke. You know, when you have to twenty one, it's tough to organize right to twenty to twenty one. So your margin gets to twenty one. Thank you. And Democrats have to twelve and then there's two vacant seats. And so it goes up and down and up and down. It's tough. And they don't allow remote voting. Thankfully, they shouldn't for voting for speaker. So you have to be there in person. So when you have a majority to twenty one and the bad guys have a minority, you should be able to say, hey, that the magic number, whoever can get two hundred and seventeen votes, then you become speaker of the House. You have a majority. You control committees, legislative agenda, all that stuff. So but if part of your party, part of the two twenty one decide to go in a line with the two twelve of the Democrats, which only takes five to five, Republicans could hand the majority over to Democrats and they might.
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A highlight from SBF Trial, ETF Progress, JPM Onyx Milestone: The Crypto Weekly Recap
"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 Saturday, October 14th, and that means it's time for the weekly recap. Before we get into that, however, 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. Hello, friends. Happy weekend. Today, I have another conversation between Scott Melker and I. This was recorded yesterday morning, and there are a couple of things that I think you will find valuable in here. One, although we do spend a fair bit of time on the SPF trial, as opposed to just giving the play -by -play, which I've been doing on the show, this is a lot more a subjective reading and interpretation of the events, what they mean for the industry, what I think we learned. So in true weekly recap fashion, I think it does a little bit more of that. Now, the second topic that I think will be of interest to a lot of you is JP Morgan and real world assets. We had some interesting news there. And finally, there is a little bit of ETF intrigue and what might be happening on that front. So friends, I hope you enjoy this. Let's dive in. NLW Men, how are you today? I am good. I'm having a great week, better than a lot of the weeks of people we're going to talk about today. I'll tell you that. For sure. I don't think Sam's having a great week. And there's someone else we have to give an honorable mention to who's finally having a bad week. And that, of course, is Steve Ehrlich from Voyager Digital. You guys may not have seen this, but he's being sued by the CFTC for fraud, for neglect, negligence of customer assets, for lying about FDIC insurance, for taking risky bets while saying that customers assets were safe and they were only taking safe bets. He told this to me personally via text message and phone and on interviews almost until the last day. I was unable to withdraw crypto unlike everyone else who could have gotten their assets out because Voyager had done me a favor and put protection on my account that they refused to lift for two months that I asked them to when I saw problems with Celsius. I have a personal feeling about this, but I think the worst part, and Nathaniel maybe is someone who's slightly outside the situation, give me some perspective, but the worst part is that everybody knows that Voyager declared bankruptcy to protect the executives from criminal charges, right? It was pretty clear at the time they could have just liquidated the assets. We would have gotten roughly 75 cents on the dollar, but instead to protect themselves from suits that had already been filed so those would be erased and suits they knew were coming, every insider knows this, they decided to declare bankruptcy. We ended up getting back 35 % of the assets, but really 24 % of the value on the day that it happened. This is a civil charge, of course, so he still is criminally protected, but to see him get in trouble anyways after doing all of that to us just to protect himself gives me extreme mixed emotions. I mean, how do you view this as like, I guess, a third party who was not luckily a creditor to Voyager? Yeah, so a couple things. One is I think that this is going to get us nicely into, I think, the SPF case as well. The consequences for this set of executives is incredibly important for the evolution of this industry, right? And I think that the mixed emotion of it probably should have been worse, but at least there is this set of actions which could result in not just penalties financially and things like that, but real prohibitions on what this person is able to do in markets in the future is important. I think that for a little while, and this is sort of, again, a preview of what I'll say about about SPF too, for a little while, I think that the crypto industry is going to have to just deal with the fact that there is more evidence that it's just sort of full of scams and frauds like the critics have always claimed. But in the long run, what these cases are actually serving to point out is that it's not just the industry being inherently or a priori dirty, it's specific people making specific decisions to lie, to commit fraud, to change balance sheets, to do things that regardless of the industry would be fraudulent, would be criminal. And ultimately in the long run, especially as a new wave of actors comes in, both from the traditional financial sector and a new class of entrepreneurs who are going to specifically, I think, position themselves as the opposite of this generation of folks, it will be important that we have on record that what happened was specific instances of fraud and criminal behavior, not just that's what happens in crypto. It will also be really important as a deterrent for future actors who come in to realize that there is punishment for these actions, even if it's in the unregulated wild west of crypto. Yeah, listen. That's a very important part because we've seen Mashinsky, we've seen SPF, of course, maybe BlockFi, we haven't seen anything yet. I don't know if there's anything to see there, but it is nice at least to see this in the press and that people don't see Ehrlich completely skate by as if nothing happened and there was no dereliction of duty here. What's crazy is the guy hasn't spoken a word since any of it happened. And he had a statement today, the talented management team at Voyager created and maintained our platform in full compliance with the existing regulatory structure. Our team consistently communicated and worked closely with our regulators when literally everybody knows that the risk management team was just left out of every decision. There's been reports of it, that it was literally like, Steve decides we need yield. We're going to go do this. It's Steve. Everyone said that. And so like, listen, his quote is the exact one that his lawyer would write up, obviously, and send out on a PR release and then we won't hear anything else. But these people have to at least be punished in the court of public opinion, even if it's not a huge fine or if he has no money or if he doesn't go to jail, people need to see this in the press. I mean, we saw how much of American politics, like the broad American politics was shaped by the lack of consequences for the financial industry in 2008, a huge part. You're talking Occupy Wall Street on one side. You're talking about the Tea Party on the other. This was a major, major impact because I think that many people who have kind of a historical point of view will point to this as one of the single biggest failures of the Obama administration to not hold to account that group. So yes, it's brutal to live through right now, but it is an incredibly important exercise dredge to actually up and figure out who needs to be held to account for what happened in the space. Yeah. I can't really tell if it's cathartic or just makes me angry and triggers emotions again, but either way, I think it's a good thing and that has to be our natural segue right here into what's happening at the Sam Bacon free trial. I actually signed up for the Wall Street Journal just to keep this update going on the recommendation of Misha, the producer. Never thought I would have a Wall Street Journal subscription again, but it is really great that they're just giving these constant updates on what's happening here. But nobody's better probably for giving the constant updates on what's happening here than you. Let me flip it around to you though. I was thinking about this. I would love, same way you asked me for kind of outside context, I have a lot to share sort of that has a little bit of insider perspective. What's your big broad strokes impression of sort of this testimony this week from Caroline and where it leaves things? Well, to be clear, I don't think it's really anything new. I think that a lot of it aligns with the assumptions that we had of how things were going. There's been previous articles extensively about the misbehavior there, the alleged fraud and all the things that were going on. But to hear it from the horse's mouth, so to speak, is really impactful. And so the levels that they went to just work outside the system to commit fraud, to lie to existing lenders, to lie to potential lenders, to lie to customers. It's very, very clear that this paints a picture of him as an outright criminal mastermind from day one. It's impossible to even look at his effective altruism without looking through it that lens. It really seems like as kind of ADHD and Ritalin and Adderall dependent that he was and all over the place, that there was a very direct focus on a goal that he had and he was willing to do anything to do it. They kind of talked about his utilitarian side of it and that he could lie and nobody else could because he had a goal. I just think from the outside, it's exceptionally clear this guy is guilty. He should go to jail forever and they should throw every book they have at him to make sure that nobody tries this again. Yeah. I think that the story is getting unbelievably clear. And to your point, a lot of it is what sort of has started to become working assumptions from the crypto industry, but that has really been articulated now. So if we look at last week and Gary Wang, I think that the biggest impact on the jury from that testimony will be how early these sort of activities started. Gary being asked to code the ability to the negative accounts all the way back in July of 2019. Gary kind of walking through that first Alameda was allowed to withdraw up to FTX's revenue, which is $150 million, and then that was increased to a billion, and then that was increased to infinite, $65 billion. That story. So we sort of got the dispassionate version of the story that's just, here's how Sam directed this to be put into code, the use of customer money. What we got from Caroline this week is how explicit it was, how acknowledged it was that this was customer money, how she knew throughout. And it was, you know, by all accounts eating her, you know, sort of psychologically that she knew that that was the only source of revenue. And so, you know, it was a hole that she was just directed to keep digging deeper and deeper and deeper. And I think that the sort of, you know, if Gary kind of gave the timeline, what we got from Caroline's testimony was that, to use your word, Sam really was the mastermind determining this from day one. It seems very intentional that it was the four people, you know, the three who have turned basically state's witness and Caroline who knew what was going on, that Sam always called into these meetings. And Trabuco, I've got to be in there, man. I don't know where this guy is, but we can talk about that later. Go ahead. Yeah. Yeah. And I think that the, you know, so you sort of have a dispassionate set of behaviors that are articulated. Then you have sort of a lot of color about Sam. You know, I mean, listen, Sam's, the argument that he didn't know what was going on was completely blown out of the water this week. And I think that the additional layer is we really started to get some worldview kind of color that I think will help jurors explain or understand how this could be. You know, Caroline explained something that had widely been my assumption, which was sort of an ends justifies the means kind of thing, that Sam held himself as fundamentally separate from the rest of the world. You know, this is sort of the biggest, angriest moment in the podcast that I did right after the whole thing went down, where I kind of imagined Sam sitting there, even now, as he had been caught, thinking the rest of the world was just too stupid to take power the way that he knew how, rather than all of us understanding that every day we're confronted with these decisions where we can do the right thing or do the wrong thing, and we decide not because the right thing is easier to do the f***ing right thing. And I think that that's really what was articulated as part of this as well, that he just didn't believe in the conception of lying or fraud. There was no such thing. It was all just, would it be a positive expected value calculation on his ability to impact things? You know, he was willing to play the most serious game and it exploded, you know, and this is one of the possible outcomes. So now he's got to kind of live in it. And I still believe he thinks he's innocent, to be quite honest. And one point that you made is that Caroline really blew a hole in the idea that he was not the mastermind, right? He's saying it was her fault, pointing fingers everywhere else. What it also blows a hole in is the idea that it was a small hole that maybe was a small mistake and then they just sort of, you know, tried to fill it and it got worse and worse and oh woe is me. That's actually to some degree what I believe happened with Voyager, right? I think Steve Ehrlich, and he talked about it even in the past, offering 9 % to our customers. Well then Doge got popular, a million people signed up in a day and we had to find a way to give a million, now 2 million people, 9%. And that sets us further down the risk curve and the further down the risk curve you go, obviously, the bigger chance there is that you're going to blow up, victims of their own success, either the customers leave or you have to go further down the risk curve to offer that yield. So maybe in a situation like that, it was a snowball going downhill that just got bigger and bigger and bigger. This was 2019 before even the bull market for SPF, where he's put these systems in place. This wasn't like, oh, we blew up with Luna, what are we going to do and started committing fraud to fill the hole. This was fraud from the very beginning. It was a criminal enterprise set up to be that way. I think that the, you know, when the dust settles, what will be clear is that it turns out that for Sam, it was Alameda all along. Alameda was his personal fiefdom. It was his big financial power vehicle to do whatever he wanted to do. An opaque set of accounts that he could direct to politicians, to investments, to whatever. And even ultimately, as big as FTX got, it was still a subsidiary in his mind of Alameda, which was his personal power bank, you know, the bank for his power bank. And that's why he never even considered it was just a play to get customers to unknowingly fund his various world changing ventures. You know, I put that in serious air quotes there. Yeah, I know we have other stories to get to, but it's hard not to continue to talk this to death. I mean, there's some incredible highlights. SPF tried Thai sex worker wallets to unlock frozen funds before bribing Chinese officials. He ended up bribing Chinese officials to get OKX and Huobi accounts open that were frozen. I mean, there was literally no length this guy would stop at to avoid doing what he wanted, to your point. I mean, it's really crazy. He tried to go to the kingdom of Saudi Arabia and lie to them about an investment. Can you imagine? Yeah, we haven't even Saudi Arabia invested and then found out about this. Yeah, MBS doesn't exactly have the cleanest record of people who double crossed him. I don't know if that's the highest expected value calculation, Sam. No, I mean, what were the most to you? Like what were the most astounding revelations here? Was there anything like this? I mean, these are these are small details, of course, Thai sex worker. It makes for a good headline. But like there are things here that even you were like, wow. I think that the brazenness that I mean, the utter brazenness that like so there was a so John Ray in Michael Lewis's book, Lewis focuses on him very he's more critical of John Ray than he is of Sam, which is part of the reason people are so frustrated. But one of the things that John Ray said in that book is that there are kind of criminals who are born and criminals who are made, you know. And I think that what's interesting and this sort of is what you're saying, you were just painting a picture where for a lot of these institutions, they maybe just got in over their head. They made a stupid set of decisions that had sort of, you know, a cascade of impacts that they were caught up in their own, you know, problems. And that's sort of how it went down versus I set out to acquire, you know, the fact that he was explicitly trying to get finance targeted so that their customers like he was using he was trying to use the US government to shake down finance for FTX's benefit. Right. By the way, that ended up we haven't talked about how that ended up being the single thing that ultimately brought him down. You know, it's it's become not popular to talk about this fact, because obviously in the wake of, you know, Sam and CZ like CZ set the train in motion when he sent that tweet about FTT. Let's not deny it. They were playing a very serious game of who's got a who's got a bigger billionaire D that they can throw around and CZ bitch slap Sam into the next century. And it was because very clearly Sam had been running his mouth all over D .C. trying to use that very inelegantly. I mean, Sam was a two bit mafia wannabe, basically, you know. So I think that the brazenness really shows up. The Chinese official bribe is another area where it's just, you know, it is not a normal behavior for a kid who's in his first CEO ship within about a year of doing it to be willing to bribe Chinese officials. That is born criminal is arguably American ones as well. But we don't need to go there. James Murphy met a lawman yesterday, was on the show, and we're going to keep talking about this. We'll cook through the other stories in a minute, but pointing out yesterday that the buyout of CZ from FTX was with customer funds and theoretically could be for a massive clawback. Right. Well, that's I mean, that's a that's a whole thing that another dimension of this story, which is extremely problematic for for for other parts of this industry. And the other thing. So if we're let's let's segue to the other parts of the industry implications. That's a big one, right. Is what the estate is going to do vis -a -vis that sort of financing. Now, Binance is so on the ropes via, you know, vis -a -vis the U .S., you know, who knows how that'll that'll happen. But the other one is there are now big questions or people starting to ask questions about how much Genesis knew when. Right. And what that relationship looked like. Because, you know, the very prominently part of the most damning testimony from Caroline was that Sam very clearly knew to authorize, you know, to pay back Genesis with customer funds, which creates a clawback situation for them, which doesn't seem that there's any possible way that DCG could handle if that if that comes this way. You know, so. Yeah. And she created seven fake balance sheets to show to everyone, which in and of itself is slipping away for literally ever. I mean, this is a crazy part of the story that the balance sheet that triggered the whole thing. Right. Like I said, CZ threw it down the mountain with his FTT tweet. But, you know, it was started with the Coindesk report that was the sanguinized of the seven choices of balance sheets. The one that they had cooked that was the least damning was the one that still damned them. And it's insane. A balance fake sheet was enough to cause a complete cascade and death of FTX. Imagine if we had seen the real one. Obviously, we can't even imagine. One question that I have, I guess, last before we move on to Bill 2. Do you think that we'll see any of the politicians brought up in this trial? Gary Gensler, Maxine Waters, et cetera? I don't think so, because the prosecution has no interest in doing that and they've got him buried. Yeah, so so so exactly. So there's a couple of reasons why we won't. One is that to when you go after ultimately this the SDNY is not putting Congress on trial right now, even if they'd like to. And when you go after that type of target, you have to have it dead to rights. And I don't believe I believe that there's probably a lot of messages out there where Sam was sort of intimating bribes or, you know, but I would be very surprised if there was actual sort of full on like Chinese official bribery behavior yet. Now, give him one. You just gave him donations. You can do that much easier here. Give him give him one more election cycle. And I mean, listen, even when it happened, I think to the extent that we want to find some solace in this situation, the amount of power that Sam was able to accrue in about 18 to 24 months coming from zero from a standing start is so unbelievable relative to anything we've seen basically in modern history, that the horror of imagining him being able to accumulate power for three or four more years before being found out one another crypto cycle probably would have cleaned up the I wouldn't have cleaned up the balance sheet, but it would have made FTX able to handle things. You know, it would have gone through that sort of like, oh, yeah, they were bad in the past, but like they were able to kind of clean it up. So I don't know if we could take any solace to the fact that this every every day that it would have gone on longer would have been much potentially worse for the world. Absolutely. Absolutely. And the final thing before we move on, how much impact do you think it had on the last market cycle as far as the price of the assets? We saw a revelation that he had told Caroline to keep Bitcoin under 20 ,000. I kind of reread that. I don't think that's really what he was saying. I think he was saying sell, keep selling above 20 ,000. Exactly. So I don't think that he was purposely manipulating the price, as maybe you've seen, on X. But do you think that this behavior and FTT being in the market and all of the VC activity they did with FTX customer funds dramatically impacted the structure of the last cycle? One hundred percent. Absolutely. I mean, you've you've you've even seen post the collapse of FTX how much more organic market movements have looked right. I mean, it just it took out this force like where the even without the intention to goes explicitly manipulate market prices, which, frankly, like, you know, if we got Sam Trabuco's testimony, I would be very surprised if there wasn't some amount of actual straight up market manipulation attempts.
A highlight from Michael Saylor: Bitcoin is a Lifeline | EP 835
"It's all going to zero against Bitcoin. It's going up forever, bro. Bitcoin! You're against Bitcoin, you're against freedom. Yo, welcome to another episode of Simply Bitcoin Live. We are your number one source for the peaceful Bitcoin revolution of corporate breaking news, culture, matic warfare. We will be your guide through the separation of money and state. Sailor tweeted something very interesting yesterday. Anything when it when you tweet a picture, I really call it a meme, right, because memes are a form of, you know, graphics, memes, they're really what they're forms of transmitting information, transmitting data, right? So I'm just going to call it a meme, even though, you know, by the usual definition, it's not a meme. It's a bunch of statistics, a bunch of data. But for the sake, just to simplify, it was a meme, tweeted a meme about the inflation rates of all fiat currencies around the world. And what he said, the tweet that he said is, if you don't have access to dollars, Bitcoin is a lifeline. I mean, and it's very interesting because if you don't have access to dollars, thing is like, if you have a bunch of piles of crap, right? The dollar is the smallest, less smelling pile of crap, right? It's still crap, but it is the least worst of all of them, right? And what I think is happening, especially in the global south, the developing world, is you are seeing a lot of people adopt alternatives to state money. But the pattern that you're seeing is people aren't really adopting Bitcoin per se. Of course, there's a percentage of Bitcoin adopters, but what you're really seeing is people adopting stable coins, specifically USDT or, you know, the USDC or whatever, any specific type of stable coins that is a US dollar stable coin. And the thing about those things is that they provide a false sense of financial sovereignty. Number one, because they can freeze it. And number two, because I think eventually, due to its centralization, they will inevitably be co -opted. And they still have inflation baked in, right? So like it's a multitude of factors, but this is why this whole thing is going to be multi -generational, right? I truly believe. And the analogy that I always, always use, and I know it's cliche, the movie The Matrix, blah, blah, blah, blah, blah, but this analogy is so useful. Nio was just exposed to The Matrix and Morpheus and Nio are in the construct and Nio goes into denial and he's like, no, this isn't real. And he goes crazy. They pull him out. He gets out of the chair and he just collapses on the floor and, you know, and he just, he just passes out. He can't believe he can't, it's too much for him to take. And then the next, the following scene, Morpheus is standing over Nio while Nio wakes up and Morpheus looks at Nio and he says, Nio, I apologize. After a certain age, we don't pull people out of The Matrix because it's too much for their minds to, for their minds to handle. And I think it's a very fitting analogy to the fiat matrix. If you've lived the majority of your life using paper money that has faces of old people on it or faces of structures or faces of things, you're used to state issued money. You're used to banking. You're not used to taking self custody of your wealth. It is a very, very radical idea. It's not to say that you can't do it, but it's you have to go through a process of unlearning and then learning something new versus what Naim Bukkela is doing in El Salvador, where he's teaching the next generation about Bitcoin right off the gate. So it's not a process of unlearning. It's a process of learning something new. Now, in my specific career, and I know Opti, I'm pretty sure I'm pretty confident he's experienced the same thing before I bring him up. You know, I've been in Bitcoin basically a third of my life. So I had no idea about the traditional financial system. And so I started making Bitcoin content. And I thought, you know, when you start making Bitcoin content, OK, you're just going to talk about Bitcoin. No, it ends up being this macro geopolitical, you know, because Bitcoin is fundamentally going to change the world. That's why we say in the beginning of the show, separation of money and state. And you have you're forced to learn about the traditional financial system. And holy cow, are you just like in awe, you're just like, do things really work like that? That's absolutely insane. Right. So that's what I got to say is yes, absolutely. If you don't have the dollar, Bitcoin is definitely the lifeboat. But that's not to say that people are choosing Bitcoin. People are using or choosing stable coins, again, because I think that they've been conditioned. Right. I think that they've been conditioned to this, to the belief that the dollar is very, very strong. And in the global sense, like before Bitcoin, you could have made that argument and would have been a solid argument. But I'll ask you guys, it's a very simple question. If you have a currency that is designed to inflate and lose purchasing power over time and can also be censored and confiscated easily by the state versus a currency that is designed to increase in purchasing power over time is censorship resistant. I mean, what what do you think people are going to choose eventually? Incentives matter and Bitcoin incentives are the best. And that's truly believe. That's why I truly believe over the long run, enough people will wake up to that fact and adopt it. Right. Anyway. So we're going to talk about all that today. I know I rambled on for quite a bit, but I want to welcome my very special co -host, always optimistic. He had a dream. You had a dream, bro. You had a very interesting dream. You know, I started the Chrissy thing as a joke. I didn't think it was going to end up here. Yeah. Well, guys, if you didn't see my Twitter and I didn't even make this up, I legitimately had a dream last night that I was battling Christine Lagarde and she was a praying mantis and Claus Schwab was a locust. And I had to. That was a third one. I can't remember the third person. Yeah. I don't remember who it was, to be honest, but there was someone else there and I had to battle them. There was like a full Mortal Kombat scene in my dream where I was battling the unproductive parasite, Sat B. Yeah. I can't make up. This is where my life is. Actually, I mean, I think it's because I watched Prometheus again last night trying to unplug and there's that one scene of like the human spider thing. Anyways, anyways, anyways, that's totally not here nor there. To your point, Nico, it's funny that once I look through the world, through the Bitcoin lens and trying to understand Bitcoin and its place in the world, you start to learn a lot about the traditional financial system, global geopolitical macro. And I think we were having this conversation yesterday. It's like being in Bitcoin is just a crash course in how the normal world works, how all of the adult adults in the room see the world and how the financial system works. And then it's just funny because we always filter everything through that Bitcoin lens. And you're just like, we were saying it to each other, it's like Bitcoin changes everything and it's so simple and everything's so convoluted and so complicated in the traditional financial world. And it's just like, I don't know, fix the money, fix the world. It's just so simple. But it really gives you a crash course on life when you start to understand Bitcoin and you start to understand how Bitcoin works and why the fiat system is broken. And yeah, it just it blows my mind that we have learned about the traditional financial system through Bitcoin. And I never learned that before I found Bitcoin. It blows my mind. One hundred percent. I mean, again, like it's like we didn't have to in a way, you know, like and then I can't even imagine our children like they're going to be born in a world where Bitcoin has already existed. Right. So it's just it's just crazy to think. It's like when we think about our parents, like they were born in a world where the Internet didn't exist. You know, like people still read newspapers. That blows my like I can't even conceive of like, you know, of of that world. But I think the paradigm is is going to be so great because I don't think we've ever lived in a world where the money wasn't issued by the king or the emperor or the state or the government, you know, or the, you know, the democratically elected body, whatever this ruling class of people. And every single time throughout history, the ruling class of people manipulated the money to benefit themselves at the expense of the populace, at the expense of the public. Now you have something like Bitcoin where they can't do that. Right. It kind of levels the playing field and it kind of changes the power dynamics of the whole structure entirely. It's very, very fascinating, the entire thing. But you know, what turned from a joke into a meme ended up in Opti's dream. And I think Chrissy as a praying mantis, if anyone could make that A .I. picture of that, that would be dope. Please send it to us. We'll put it on the meme review. Anyways, everybody, let's jump straight into the numbers. We have a lot to talk about today. Let's check it out.
Rep. Massie Asks AG Garland Why Ray Epps Only Received a Misdemeanor
"On a misdemeanor? Meanwhile, you're sending grandmas to prison. You're putting people away for 20 years for merely filming. Some people weren't even there yet. You got the guy on video. He's saying, go into the Capitol. He's directing people to the Capitol before the speech ends. He's at the site of the first breach. You've got all on the goods him, 10 videos. And it's an, and it's an indictment for a misdemeanor. The American public isn't buying I it. yield the balance of my time to Chairman Jordan. May I answer the question? I'm going to ask you one now. We'll let the gentleman. Yeah. Go ahead. In discovery, in the cases that were filed with respect to January 26, the Justice Department prosecutors provided whatever information they had about the question that you're asking. With respect to Mr. Apps, the FBI has said that he was not an employee or informant of the FBI. Mr. Apps has been charged. And there's a proceeding I believe going on today on that subject. The charge is a joke. I yield to the chairman. Cut nine, go. Elon Musk was a Democrat who admittedly supported Biden, but then he became a critic of the administration and exposed the censorship regime. Now, per public reports, the DOJ has opened not one but two investigations of Elon Musk. Mark Zuckerberg, on the other hand, spent $400 million in 2020 tilting the elections secretly for Democrats. No investigations so far. To the American public, these look like mafia tactics. You pay us your money, we look the other way, you get in our way, we punish you. The American public, these tactics are. One hundred percent. While it's more of the same the during hearing, I'm not going to play anymore for you,
Black Voter Turns Trump Supporter Because Biden Doesn't Care
"Right before the show and i'm so obsessed with getting this clip on the air that i was like i need a good intro for this and so we just thought of that and uh here's thing the there's nothing better than live tv when you're talking to actual voters and they say that stuff just like cracks the egg right it cracks the whole facade here's what i mean and jim give me a little hand signal because we still have some technical difficulties okay here's this guy he is a young black voter on fox news he says he's a democrat i have no reason to believe he's lying and he's now turned into a a trump supporter but his reason why if you hear trust me you will not be disappointed by this clip i again i just made this up right now as an intro because i'm so obsessed with getting this clip on the air the guy says something really powerful about why he scrapped rotting oatmeal brains and why he's working well why he's a donald trump supporter now this is the kind of stuff where the bs like it just doesn't work regular voters are buying this stuff here take a listen to this i think i'm mostly geared towards donald trump really i think i've seen yes yes i have seen the pullout of afghanistan from joe biden and then i just watched him check his watch during their funeral of the serviceman and i think if we were to go to a war on prime age to be drafted and i don't want him to check his his watch while they're burying me i don't believe that he's a competent commander -in -chief and then he probably blamed my death on climate change in the same way he blamed the pullout in afghanistan on donald oh uh a jim is it worth it was it worth like reinventing this whole segment that ladies and gentlemen that i mean that's obviously tragic but absolutely one hundred percent devastation on the i don't want to come home in a body bag while joe biden's checking his watch now here's the thing man this
A highlight from Why Tucker Carlson is a Bitcoiner | EP 825
"Yeah, welcome to Simply Bitcoin Live, we're your number one source for the peaceful Bitcoin and religion of carbon making news called Traumatic Warfare. We will be your guide through the separation of money and state before anyone makes fun of me in the chat. My mother -in -law got me these like blue light blocker glasses and I put them on last night and I felt like immediate relief and there's like different shades for it. So like these are like nighttime when the TV is there and then these are like right before you're gonna go to sleep but apparently these are for daytime. Anyways, they're badass, your eyes literally feel like they're relaxing and Opti of course is already trolling me and as well, I'm sure the chat is as well. So that's why I'm wearing these, maybe I'll continue wearing, they feel good, I'm on my computer all day, you know what, I don't care at this point. Anyways guys, today's gonna be a great, great show, orange tinted glasses, I didn't think about that. Today's gonna be a great show, we're gonna talk about the man, the myth, the legend, Tucker Carlson himself. His show last night that he released on Twitter, which I highly, highly recommend, actually has last time I checked, 320 million views, it beat the interview that he did with Donald Trump by like 100 million views. And once again, you have a politician, right, so Justin Trudeau is basically gaslighting saying like, you know, we have to put price controls on the grocery stores for raising the prices and all that stuff. But you have a politician who is literally identifying the problem, he's literally saying the government is the problem, the money printing is the problem, the government is the sole cause of these things. You have an Austrian economist who has a really good opportunity, really good shot at winning the presidency. And why I believe this video was so popular was the same reason as to why I believe that video Richmond, North of Richmond, went viral the way it did. People are feeling the pain, people are questioning the current system, and people are desperately seeking an alternative, which is why I believe this this hardcore libertarian Austrian economist has a really good shot at winning the presidency in Argentina, and the country is currently dealing with 100 % inflation, like, like, obviously, people are questioning it. And when you have a politician who's actually identifying the real cause of inflation, like people put two and two together, right? Javier Meli wouldn't be popular if he didn't strike a nerve. Richmond North of Richmond wouldn't have gone viral, right? Without any of the marketing and any of the push by the big studios, it was just basically a very small studio, it's a guy in his backyard with his dog, literally singing into a microphone. That would not have gone viral if it did not resonate with people, if people weren't feeling the pain that he was feeling, right? So this is, we are living through, in my opinion, the separation of money and state. All these roads, like even if Oliver Anthony, and even if, you know, Javier Meli, you know, and we know he likes Bitcoin, but you know, he wants to dollarize the country, all roads eventually lead to Bitcoin. Some people take the longer road, some people take the shorter road, but eventually it all leads to the inevitable conclusion that we have to separate money from state, because as long as the state has the privilege of being able to create money for free that everyone else has to work for, they will abuse that privilege to benefit themselves and benefit their friends at the expense of everyone else. And this is exactly what Bitcoin fixes. So this is really, really exciting times. Tucker, I don't think he would be at this point if it wasn't with the conversations that he had with Naeem Bukhale. Tucker would not be at this point if it wasn't, if he didn't have the conversations with Michael Saylor. Tucker would not be at this point if he didn't have the conversations with Max Keiser. And even though he was the most popular broadcaster on the legacy corporate media, his words were so dangerous that they had to fire the guy. And that makes sense. Look at all the other articles that are that's coming out of the legacy corporate media attacking Naeem Bukhale, attacking Javier Milli. Because I think they're exposing the fraud that is fiat money and the fraud that is the current established system anyways, it's going to be a great show before we get to it. I want to bring up my legendary co -hosts. We're both wearing glasses now, Opti. Opti was making, I was telling you hard, it's so much fun of me in the beginning, but I'm going to buy you a pair. You're going to be you're never going to take off anymore because I need the colorblind one. Your eyes are literally going to relax, bro. Like your eyes are literally like look at my eyes are like relaxing right now. They're like they're like, oh, like I don't even know what that means that your eyes feel relief. Like you don't even know what that means, bro. I have no idea. I've never looked as cool as you do right now with those glasses on. So I wouldn't know. I wouldn't know. But anything anyways to the opening monologue, which was great, very, very eloquent. And you had that politician rhetoric going right there. I really liked it. I really enjoyed it. One of the things that's pretty crazy is the fact that Tucker got so many views on this. What what I don't know what it is now, but last time I checked, it was like three twenty two, three hundred twenty two million. Like that's damn near the whole U .S. population. And we all know that Fox wasn't getting to every single person in the U .S. Obviously, it's global. But that reach that Tucker has on Twitter or X is just it's absolutely crazy. And this goes back to what we keep saying all the time of breaking the echo chamber and planting these ideas. And of course, Tucker doesn't have to go full Bitcoin maxi like we do on our show. But the fact he's having these conversations, I think does feel like a shift in the zeitgeist and people are waking up. And we've been kind of covering pinpoints and receipts about this constantly, whether it's the song, whether it's a post that I did yesterday in the culture, whether it's the tick tock videos, like people are feeling the pain and they're asking the questions. And so, you know, the soil is right for people to understand Bitcoin and for everyone to get on the Bitcoin standard. So it's just, wow, three hundred and thirty five million views now. OK, the Overton window is crazy, man, is shifting, man. People are sick and tired. People are sick and tired of the gaslighting. You had Opti's ex -girlfriend literally telling people that the cause of inflation is because workers are asking for more salary. Like it's absurd. Anyways, we do have a very special guest today. We have James from Stamp Seed and we're going to talk about the stamp seed before. Look, I got to show off my stamp seed hammer. Look at this thing. Nice. There you go. We got we got to we got to stamp seed hammers. So I'm very excited for the culture. We're going to talk about the stamp seed, why you should back up your Bitcoin wallet seed words on titanium, one of the strongest metals on planet Earth. Is that is that correct, James? That's correct. One hundred percent. Yeah, man. So we're going to we're going to we're going to. We're going to dive deep into all that. And I know a lot of you guys I know that you did you guys did a lot of the stress testing. I think it was Lop that did some of the stress testing comments. Migo, you remind me of Bono from YouTube. It's true, but I don't think Bono was wearing these. I think Bono was wearing these for stylistic reasons. I'm wearing these so that my eyes could relax from the from the evil blue light that's coming out of my screen anyways. So, yeah, you guys did a lot of stress testing on the stamp seed. That's correct, right? Yeah. We haven't had Lop stress tested yet. I think that's in the works right now. But we tested ourselves in house, various different sources of heat. One of them was a blowtorch, which is similar to Elon Musk, not a flamethrower, which is reaching temperatures triple the average house fire. This is one of the plates that we had stress tested. You can see it's been burnt to a crisp. That's why there's all that discoloration. We marred it up. So where you can see those hammer marks are hit. You can still see your letters. It might not come out too clear in the camera. Bent it, crushed it, you know, being that it's one solid piece and your letters are stamped deep into the metal when you bend it. Things aren't going to. There you go. Look at that. Look at that. Yeah. Things aren't going to fall apart. You know, there's no loose pieces, no loose tiles, you know, Scrabble pieces, I like to call them. Everything's in there. Yeah. Like this is like as if your house caught on fire that elephants stamped on the ruins afterwards. Yeah, right. This is what this looks like. Yeah. Or if you know your house, you know, you have two floors, maybe the first floor collapses during that fire. And, you know, you have some crushing issues on top of it. But chances are things like that hopefully aren't happening to most people. But if they do, you're secure. If they do, your money, your generational wealth is protected. Anyways, guys, let's jump into the numbers. I want to talk about Tucker. I want to talk about with about everything that's been happening. Let's check it out. The Bitcoin numbers, is your Bitcoin and cold storage really secure? Is your seed phrase really secure? Stamped seeds do it yourself kit has everything you need to hammer your seed words into commercial grade titanium plates instead of just writing them on paper. Don't store your generational wealth on paper. Paper is prone to water damage, fire damage. You want to put your generational wealth on one of the strongest metals on planet Earth titanium. Your words are actually stamped into this metal plate with this hammer and these letter stamps. And once your words are in, they aren't going anywhere. No risk of the plate breaking apart and pieces falling everywhere. Titanium stamp seeds will survive nearly triple the heat produced by a house fire. They're also crush proof, waterproof, non -corrosive and time proof. All things that paper is not allowing you to huddle your Bitcoin with peace of mind for the long haul. Stamp your seed on stamp seed. All right, guys, I literally made it super easy for you guys. You can scan the QR code on your screen. It'll take you directly to the stamp seed website and you can use promo code simply to get 15 percent off any of the stamp seed products. And I know you guys are doing custom back plates, too. I saw some that were really bad ass. Yeah. So do you have one, by the way, on hand? I do, actually.
A highlight from Ep373: Skipping These Steps Affects The Value You Give Your Listeners - Alex Pardo
"Okay. Half ish, a million a year. And I'm thinking to myself like the doctors that I know, the attorneys that I know, I dated the same attorney for years and years and years. They don't make 500 grand a year. Only a couple of them, only a certain amount of them. You have to be a certain type of doctor or a certain type of attorney, but the people in this world who we all look up to and strive to have an income similar to that, they're not even pulling in a half a million a year. So I think that it's good to see how lucrative it can be if you're doing something like that. That's right. One thing I do want to stress for people listening, have a specific day and time that your episodes get released that your listener can come to expect that from you. And you might decide to do more, but I've seen too many podcasters are very inconsistent. They might release on a Tuesday, one day, nine days later, it's released on a Thursday and then two weeks later it's on a Monday. And then, you know, it's very disjointed and I don't see anybody that's done that gain any traction with podcasting. So just commit to the craft and just stay consistent is one big thing would underscore for people. I've got a couple quick questions for you, but first I want to mention one thing that I remember calling you out on that I felt was a mistake during when you were monetizing. And I think it was maybe your sponsor that you promised like 45 second ads to. Yes. And you wanted to go above and beyond for them. And I don't remember the length and I don't want to exaggerate it too much, but it may have been like double the length, like from 45 seconds, maybe a minute and a half issue was okay. Yeah. And I remember thinking like, why spend so much time on this ad on every single episode because your people start hearing it. And then after they've heard it like three or four times, then they're like, I've got to push the forward 30 seconds three times and it's over. And so I felt like it was giving less value to the sponsor by doubling the length. And so I just want to point that out to the listener right now is like a 15 second ad, a 30 second ad, a 45 second ad. These are awesome lengths. A minute is probably the longest. And I don't think you're always going above and beyond by increasing that to a minute or two or three minutes. I think you're probably giving the best value by keeping it at or around within 15 seconds of what you promised them. I now agree with you. I remember at the time hearing that feedback from you. And despite the fact that you know better, I was like, in my mind, speaking about the product or service and how much I believe in it and the deliverables, I felt that was going to add value. Now I know, no, it detracted value from it. You're a hundred percent right. Yeah. I just wanted to point that out because you have like an extremely giving heart. You're that go giver in my mind. When I read the book, go giver, you're the person that comes to my mind and I can feel it with the authenticity. I can feel it with your episodes that I can certainly feel it when you're talking about, I stopped having people pay that we're willing to pay because I didn't feel so good about that. They weren't monetizing it already. And so I stopped. And so I really liked that. I wanted to point it out. So now let's talk about just real quick, the length of an episode, not the length of the ad, but the length of the episode and number of episodes that you would recommend to podcaster another who's already kind of going or they're about to launch a podcast. You did two a week for a long, long time. I don't know exactly where you are today, but what would you recommend to the listener? Yeah, no, it's a really good question. And it depends really on the person's goals, objectives, how much they want to commit to it. My personal opinion, and I'm happy to be wrong on this or feel free to push back. My personal opinion is that it's easier to start on the lower side and ramp up if you want to versus starting on the higher side and then realize that maybe you bit off more than you could chew. I committed to two shows a week and I did that for six ish years and about a year and a half ago or so, like I realized that I had so much on my plate that it started to not serve me and recording podcasts. I remember at one point was almost taking energy from me versus giving me energy. And I'm very in tune with the things that are energy giving versus energy draining. And I started to ask myself, how does the podcast become a get to instead of a have to say it again? How does the podcast become a get to? I get to do this podcast versus a have to. I have to do this podcast. And during around a year and a half ago, if I'm being honest, for a while, the podcast felt like I have to like I have to get out of a show on Monday and Thursday. And to be honest with you, Adam, I was struggling with like content. Content used to be very free flowing. I used to be able to get on a mic and for talk for 15, 20 minutes. And I felt like it was coming from the heart. I was connecting. And around a year and a half ago, I was like, I'm kind of struggling figuring out what to talk about, man. And I don't want to just keep interviewing people because I would alternate, by the way, like on my Monday show, I would interview on my Thursday show was a solo. And so anyways, long story short, I scaled down to one show a week and now it's a get to. Now it gives me energy to hop on it. I feel like it's a rhythm and a pace. I can continue for a long time. So for the person listening, I wouldn't go any less than one show a week. I think if you're going to do one every other week, I just don't know if you're going to gain traction that way. So I would say minimum one show a week. If you think you can do two shows a week, I think you'll gain more traction, right? I know some guys that do three shows a week and I know one dude who I think still does a daily show. That's a lot. I wouldn't recommend that for too many people, but I think between one and two shows is probably a good starting spot. And then your other question, my solo shows where it's just me, I'm usually on the mic between 12 and 20 minutes. I keep a short suite and I typically try to focus on one or two like points I want to drive home when I'm interviewing someone roughly about 45 minutes. Yeah, I like that. And I don't disagree. I like the thought where you said do as many as you can comfortably handle. I like the part where you said don't bite off more than you can chew. On my end, I was doing six for a while and my company, because we serve the same person who listens, my company was doing extremely well and I slowed down to two a week. I went from six down to two. And after doing that for about a year, my company started not making as much money. And so I doubled it back to four. And around the time that this is airing, it's back up to six again. And it's because it doesn't take away from me. I like that I get to versus a half do. And to me, sometimes the solos are like shit. You've got to record a bunch of solos now because it's happening. I have to do this. But at the same time, I think right when I push record, I can get into that mindset where I'm finally I'm excited about it and I'm passionate about it again. So for me, around the time you're slowing down, I'm trying to speed it back up. So I think it's just a good conversation to have. But with this one big takeaway, at least one a week, I a hundred percent agree with that. One hundred percent. No question about that. Alex. Oh, you know what? I got to bring you back on because we're like at that 45 ish minutes that I agree with you on. I really want to talk more about personal visions. Can you give us a brief on it and maybe jump back on another show? And so I so believe in I learned about a decade or so ago from this organization called Life in Air. And I got to give them credit. I learned about the importance of creating and establishing a vision for your life, because I see so many people who they're always focused on business and growing and generating more wealth and cash flow. And there's nothing wrong with that. That's all very important. But yet I see people always spending so much time in this area of their life, i .e. business. And then yet their health suffers, their relationships suffer, their kids grow. They don't really get to know their kids. And that pains me, right? Because you're a man or a woman, you're a person first. An entrepreneur is just what you do. It's not who you are. And so I really learned the idea of like, what is it I want my life to look like without regards to money, possessions, material things, things of that nature. But what do I want to experience and what about my life to look like? Then figure out how to create and structure a business to support and enhance your desired lifestyle. And so that has served me very well. So I always now ask questions. Does this get me closer to my life's vision or does it take me further away? Prior to having a vision, any opportunity under the sun that I felt that I enjoyed or that I could monetize, I would say, okay, let's do that. And then I was stacking so much on my plate that I didn't have enough time for the things that mattered to me, like family, travel, faith, etc. Now that I have a vision, I look at an opportunity and I say, does this fit within my vision? Yes or no. And I make the decision based off of the vision, like the podcast that fit my vision. I get to help people. I get to impact. I get to communicate. It fits within my strengths. I get to do it on my timeline. I get to monetize it so it feeds the business so I can help more people that fit within my vision. Going out and traveling and speaking on stage every other weekend, that doesn't fit my vision. So I don't do it. Yeah. The life in there guys. So I hired one of them personally. And so I worked with a guy named Sean and for years he would tell me to filter everything through my vision. Yeah. And I just didn't feel like I had time to have a vision. I thought it was bogus. I thought it was silly. I thought it was a waste. And so I never did it. I mean, I didn't do it for a long time is what I mean to say. And one day I wrote it down and I committed to him that I would filter everything through that vision. And it changed everything. I started working a lot less and my income actually went up, which I didn't expect because I thought for sure it would go down. But the income went up. My happiness went up. My health went up. My relationships went up. And it was because I finally took the advice of taking a step back, looking at what I want that vision to look like, and then making everything fit around it and filtering everything through it. So I love that part a lot. Yeah. The only caveat I would add to that is if people sit down to create their vision, don't filter based on what you think is possible or isn't possible. What is it you want your life to look like? Even if you don't know how to do it, the how -to will come. What is it you want your life to look like? Get that on paper. That's a good place to end the episode today. If you're listening and I know you are, the next episode is a solo episode, just like Alex. He does every other episodes or solos. And I've got something curated that I really think is important to you. I don't want you to go anywhere. I'll see you on the next episode. If you're glad that you checked out the podcast today, if you got some value out of this episode, some actionable takeaways, I invite you to do one of three things. A, you could do a written review on Apple. Let us know what you think. Just an honest written review. B, you could share the podcast with a friend of yours who needs it. Or C, at the very least, implement what you've learned to take your business and your podcast to the next level. And I'll see you on the next episode. Bye.
"one hundred percent" Discussed on Northwest Newsradio
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"one hundred percent" Discussed on WTOP
"Cover hospice one hundred percent contact jessa at j s s a dot org proudly serving montgomery county if there's a story you need to about know you'll hear it on w -t -o -p a new study has ranked the safest cars for your team driver breaking developments from capitol hill this morning several big problems on the beltway looks like rain will be moving in later today good news on gas prices may be just down the road when you want to know you know it on wtop news i heard it on wtop wtop wtop wtop news matter facts it's 8 38 traffic and weather on the 8th and when it breaks with bob imler in the traffic center in virginia 395 southbound just before street dew there is a crash along the right side of the roadway so be alert headed down the hill from nary road squeezing by to the left getting past the crash just before the exit for duke 95 is without between springfield and fredericksburg and on 66 all is quiet both inside and outside the beltway maryland beltway interloop through silverspring very slow getting past the work zone now setting up between coalsville road and at new hampshire avenue and squeezing by very slowly to the right there again it's going to be a pretty long delay getting through silverspring the on interloop 50 eastbound down to a single lane between kenneworth avenue and 202 and that is for paving as well and beyond that you're good out to the bay bridge 95 baltimore washington parkway each without delay between the beltways and all's quiet up and down 270. join the ymca in september with a zero enrollment fee and experience free fun events for the whole family and so much more visit ymcadc .org to learn more bob inler wtlp traffic and now to veronica johnson she is seven news first alert chief meteorologist the the showers storms all coming to an end here late this evening but heads up more storms on tap for friday and more widespread and
A highlight from 1370: Why You MUST Own at least 1 Bitcoin - Jack Mallers
"Welcome, everyone. In today's episode, I'm going to be breaking down the latest technical analysis, as well as MicroStrategy marks three years of holding Bitcoin with four and a half billion dollars in Bitcoin and company stock, literally up two hundred and ten plus percent. We'll also be discussing PayPal executive says that their new stablecoin will be made available for DeFi in the future, as well as Bitcoin as a ticking time bomb set for historic expansion, as rare indicator sends a signal. I'll be breaking this down for you. We'll also be discussing breaking news of fun. Strad investor note says Bitcoin can hit one hundred and eighty thousand dollars before the upcoming block reward, having scheduled for April of twenty twenty four. We'll also be discussing the top reasons why the Bitcoin price will smash a million dollars per coin, as well as why you must own at least one Bitcoin right now. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. What's good, crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my rumble channel at CryptoNewsAlerts .net. Again, that's Crypto News Alerts .net. And welcome, everyone. Just tuning in. This is Pod episode number thirteen hundred and seventy. I'm your host, JV. Today is August 13th, twenty twenty three. Kicking off today's episode here with our market watch, we can see Bitcoin still holding strong onto twenty nine thousand four hundred, but slightly consolidating for the day. We also have Ether barely back in the green, trading above eighteen hundred and fifty dollars, along with BNB and XRP also in the green. And checking out CoinMarketCap .com, the current crypto market cap sits at one point one seven trillion dollars, with about 17 billion in volume in the past twenty four hours, with the Bitcoin dominance at forty eight point seven percent and the Ether dominance at eighteen point nine percent. And checking out the top one hundred crypto gainers in the past twenty four hours, we have room lead in the pack up twelve percent, trading at a dollar thirty seven, followed by a ton up about seven percent, trading at a dollar forty three, followed by Pepe up four and a half percent and checking out the top one hundred crypto gainers for the past week. Mostly, I'd say we got a few in the green, but also probably equally as much in the red. Some of the biggest losers include Koss and Bone, with some of the top gainers for the day, the same as the week with Tun, Rune and Pepe. And checking out the Crypto Greed and Fear Index, we're currently rated a fifty four neutral, same as yesterday. Last week was a forty nine and last month was a sixty in greed. So there you have it. How many of you are currently bullish on the king crypto and have been taking advantage of this recent dip? Let me know in the comments right down below. And now let's dive into today's Bitcoin technical analysis and see what's happened with the continuous sideways trading action. Most of the alts are also quiet today on Sunday, similar to how they perform yesterday on Saturday, except for Rune and Tun taking the lead. Now, the past few weeks went in a rather unventful fashion for typically more volatile crypto asset. This past Monday saw some movements as Bitcoin dipped below twenty nine thousand to mark the weekly low. However, it went on an offensive almost immediately and had surged past thirty thousand by the time Wednesday came. But that was short lived. More volatility was expected on Thursday when the US CPI numbers were set to come out. Yet that wasn't the case. Bitcoin remained at just under thirty thousand, where it had retrace hours just before that. And then the following days were quite stagnant. Once again, Bitcoin stood still within the same tight range of between twenty nine and twenty nine five. And expectedly, the weekend didn't provide anything different, given the typically lower trading volume. So there you have it. I mean, it's been very boring sideways trading action. Nothing new. But I feel once we can break thirty two, we're likely to continue marching on up, breaking the annual high. And there's not much resistance between thirty two and forty. So do keep that in mind as well. Now for the latest regarding the first publicly traded company to put Bitcoin on their balance sheet, which is MicroStrategy. They're still holding their four and a half billion dollars worth of BTC. Let's break this down. As you can see here, it's been three years since MicroStrategy first accumulated their BTC. Michael Saylor spearheaded the strategy of making Bitcoin their primary Treasury Reserve asset, directing the firm to buy twenty one thousand four hundred and fifty four BTC for two hundred and fifty million at an individual price of roughly eleven thousand six hundred dollars on August 11th of 2020. That's when it all began. Now, in the up and down years since MicroStrategy continued to consistently invest in the top crypto asset, becoming the largest institutional holder of Bitcoin. And as of July 31st, the firm holds one hundred and fifty two thousand eight hundred BTC acquired for a total cost of roughly four and a half billion dollars at an average individual price of twenty nine thousand six hundred and seventy two. So they're roughly at their break even point. Interestingly enough, now Saylor was MicroStrategy's chief executive when the company first bought Bitcoin, but now serves as its executive chair after stepping back from the CEO role last year. The MicroStrategy stock is up more than two hundred and ten percent since August 10th. So keep that in mind. And that since 2020, the day before it made the announcement to purchase Bitcoin, MicroStrategy is currently priced at three hundred and eighty four dollars per share, according to Market Watch. And it hasn't been an entirely smooth ride. However, keep in mind, MicroStrategy is down more than 70 percent from the three year high of eleven or one thousand three fifteen, which it hit on February 9th of twenty twenty one, referring to the stock right as Bitcoin was in the midst of that ascendant bull run. And in June of twenty twenty two, MicroStrategy faced concerns it would receive a margin call on a Bitcoin backed loan, though those fears never materialized and seemed to be nothing more than FUD. And in a margin call, a trader or investor is required to put up more funds to avert the closure or liquidation of a leveraged position. And I think when those FUD rumors were coming out, Michael Saylor said unless the Bitcoin price dips all the way to three thousand, we are not getting liquidated because they had more assets to back it. So it was nothing more than FUD at the end of the day. But very interesting. I think MicroStrategy will continue being one of the largest huddlers of Bitcoin in the world. They're second in line to Grayscale, which controls over four hundred thousand BTC. And at this time being there's no spot Bitcoin ETF in the United States. The next best closest thing is to owning MicroStrategy stock. And of course, Michael Saylor is very bullish on that. Now, let's discuss the latest regarding the PayPal stablecoin, which is titled PYUSD. They've been announcing some plans for DeFi. And we also had some analysts recently come out predicting due to the launch of the PayPal stablecoin because their audience is so large, hundreds of millions of people that use PayPal on a regular basis, active users, that it can send the Bitcoin price to a quarter million dollars per coin. That was a prediction from Charlie Shrem. I covered a few episodes ago. If you missed that, be sure to check that out. Now, an insider from PayPal says the firm's new stablecoin will ultimately launch on DeFi platforms sometime in the future. In the new interview on the Unchained Pod, Jose Fernandez, PayPal's senior vice president of blockchain, crypto and digital currencies, told the host Laura Shin that the firm intends for their stablecoin, which was launched earlier in the month, to be available on crypto exchanges and compatible with the DeFi ecosystems, quoting them here. I think DeFi will be a part of the first wave in the sense that we want to go where crypto users are using stable coins today and DeFi as a use case for that. So as of today, you can only get the PYUSD on the PayPal wallet. We are ramping up the product, but definitely the intention is that it will be available in the main exchanges. And when the distribution is available, then the folks will be able to use it for the traditional use cases. The Ponte goes on to share that their stablecoin is already compatible with Ethereum wallets as it is technically an ERC20 token, ultimately meaning on the Ethereum blockchain, and that it's fully backed in compliance with New York regulations. Quoting him again, the stablecoin PYUSD is an ERC20 token. It's deployed on the Ethereum blockchain and it can be sent outside to wallets that enable ERC20 tokens. Now, there is definitely an aspect of it that has to do with being fully backed and regulated as a stablecoin. As you know, we are issued out of New York. Paxos is the issuer and the token is approved by the New York Department of Financial and Security New York has very clear and strict requirements in terms of KYC, know your customer, and anti -money laundering provisions that require the ability to be able to have the right control in place. So there you have it. And to watch this entire interview, they did check the show notes below the video in the description. I will give you a little disclaimer. I do not trust PayPal as far as I can throw them. I had a lot of people ask me, where can I get the stablecoin? It seems currently only available on PayPal, but I wouldn't be holding it. I'd prefer the real thing, which is Bitcoin the only decentralized crypto asset because PayPal, just as they can freeze your funds and freeze your PayPal account. They've done that to me before in the past, probably like a decade ago back in the day. They could also freeze your stablecoin the same way because all it is is a digital version of the dollar. So that's not so enticing or exciting to me. But the reason it's fruitful and bullish for the entire industry, it can help usher in that mass adoption, considering PayPal has hundreds of millions of active use active users. That's why this is a pretty bullish story. But anyways, now let's talk about the ticking time bomb, followed by one hundred and eighty thousand dollar prediction from Fundstrat at the time of the halving less than nine months away. And then I'll be sharing the latest and greatest from the one and only Jack Mallers and why you should own a Bitcoin and why the Bitcoin price is trending towards seven figures. Let's break it down. And yeah, if you're just joining us, make sure to say hello in the live chat. Don't be a stranger, as this is a live and interactive show. But yeah, let's break this story down. As you can see, while he followed analysts as Bitcoin is gearing up for a historic move to the upside, now that has rarely seen the indicator has flash. This anonymous analyst known as Credible Crypto shares that Bitcoin is going through a period of record low volatility or a compression phase, which he says will ultimately lead to historic expansion. Send it. Let's go. He shares a chart, which you can see here, along with fellow analyst tech dev who points out that Bitcoin's three week chart is approaching compression levels that previously signaled the start of the bull markets since 2012. Quoting credible here, historic compression leads to historic expansion. Imagine looking at this chart and thinking, yeah, ten thousand dollars incoming, a ticking time bomb till bear extinction. BTC. That's what's up. Now, while many Bitcoin bulls have lost confidence due to the Bitcoin uneventful price action, credible says Bitcoin is simply consolidating, which should be considered bullish, quoting him again, seeing a lot of if we are so bullish, why aren't we moving up? The bulls don't have the strength to push the price higher. This is bearish. But when the price is moving sideways, it means that neither bears nor bulls are in the driver's seat. Consolidation is, by definition, neutral buyers and sellers have reached an equilibrium. Now, nine out of ten times consolidation structures resolve in the direction of the trend that preceded them. We have been in a very clean, obvious uptrend since fifteen thousand dollars. So by default, then one should expect this consolidation over the last month to resolve to the upside. And he continues, your default stance on Bitcoin here should be bullish, in my opinion, unless we start breaking bullish market structure. For example, the first and lowest timeframe level of the bullish market structure that matters is twenty four eight marked, as you can see here in this chart. So there you have it. How many of you agree with credible crypto aren't currently bullish, even though the price action seems boring and continues to trade sideways? Let me know your honest thoughts in the comments right down below, which leads us to our next story of the day. That's Fundstrat's prediction of one hundred and eighty thousand dollar Bitcoin price by the time of the next halving, keeping in mind that halving is scheduled to be sometime in April 2024, virtually meaning less than nine months away. Let's break this down and shut up to Tom Lee over at Fundstrat. So I actually shared this in a tweet here this morning. Fundstrat investor note says Bitcoin could hit one hundred and eighty thousand before the upcoming block reward halving in April of twenty twenty four. And also interesting, an Indian analyst thinks that World War Three had already begun expecting the BRICS economic bloc to merge with the Shanghai Corporation Organization. And also it is shared that the financial services company attributes this projected five hundred and twenty one percent Bitcoin price hike from the current levels to the rising demand fueled mainly by the anticipated approval of a Bitcoin ETF, which I know is on everyone's mind. We know there's literally hundreds of trillions of dollars in the total addressable market, much of which can be come in pouring directly into BTC. So let's break down some more of these numbers. Fundstrat's and Pharrell's projections follow the mid -July forecast from the banking giant Standard Chartered. And guess who is the primary shareholder of Standard Chartered? You guessed it, BlackRock fam. They predict one hundred and twenty thousand dollar Bitcoin price by the end of next year in twenty twenty four. Now, Pharrell's analysis points to a Bitcoin ETF potentially adding an extra hundred million dollars in daily demand. I honestly feel that is conservative, but hey, now why the impending halving will slash the daily mining rewards down to a mere twelve million, quoting them here with a spot Bitcoin ETF launch daily demand will reach one hundred and twenty five million while the daily supply is only twenty five million. The implicit equilibrium price would need to increase so that the daily supply matches the daily demand. Now, equilibrium analysis suggests a clearing price of one hundred and forty to one hundred and eighty thousand per BTC before the halving in April of twenty twenty four. And moreover, Fundstrat envisions the possibility for a BlackRock Bitcoin ETF to become one of the most monumental ETF launches ever. Let's go. Possibly outstripping the QQQ ETF's thirty six billion in first year inflows. I think we crush it personally. The firm is of the opinion that Bitcoin ETF assets might outshine precious metal ETFs one hundred percent. Now that's a market worth two hundred and thirty billion dollars and eventually become a category worth more than three hundred billion. That's a given, right? However, approval for a spot Bitcoin ETF could enable manipulation akin to allegations about precious metal ETFs like gold and silver. A physically backed Bitcoin ETF is expected to boost crypto adoption as well as the prices. There is a chance it could mimic the gold and silver and allowing leverage of fictional supplies Bitcoin to manage futures positions, a .k .a. through derivatives. Now, when the price rises too fast, this imaginary Bitcoin supply could be dumped to tamp the global prices down. But for a while now, Fundstrat has been prophesizing a leap into the six digit territory as far as the Bitcoin price action, though these bold predictions have yet to materialize. Also, keep in mind, back in May of twenty twenty one, David Grider, the firm's chief digital asset strategist, confidently asserted that the target Bitcoin price of one hundred thousand per coin remained intact. Send it. He further envisioned Ethereum scaling to ten thousand per coin, reflecting on the broader crypto landscape. Grider's perspective from two years prior foresaw the entire crypto economy accelerating towards a staggering five trillion dollar milestone. So there you have it. Let me know if you agree or disagree with Fundstrat and their analysts that the Bitcoin price is likely to hit that target of between one hundred and twenty twenty four. That Bitcoin halving in April of twenty twenty four, that would obviously be the calm before the storm. And could you imagine the BlackRock Bitcoin ETF virtually being approved pre halving? That's going to send Bitcoin to a whole new stratosphere, in my humble opinion. I predict that we hit the peak cycle high in twenty twenty five, just considering the history doesn't necessarily repeat, but often tends to rhyme. And I remember the Bitcoin halving of twenty sixteen. It was the year following in twenty seventeen. We hit the high for that cycle of roughly twenty thousand. Then like clockwork four years later from the twenty sixteen halving in twenty twenty, we had the next halving and the following year Bitcoin hit the current all time high of sixty nine thousand. Hence, I'm predicting a multiple six figure Bitcoin price by twenty twenty five. Let me know if you agree or disagree in the comments below. And like I said, I'll read everyone's comments out loud at the end of the show. And with that being shared, fam, now let's discuss our final breaking story of the day. Jack recently Mallers did a podcast episode on his new podcast, Shout Out to Jack. I transcribed it because I find it very valuable. He was also interviewed on CNBC and talks about how hyperinflation will send the Bitcoin price to a million dollars. So here's some of the highlights and my transcription from his interview I have to share with you and then we'll dive into our live Q &A. So here we go. Here's what Jack Mallers had to share in this interview. If silver is going to 1000 X, I will walk into my kitchen right now and I will melt all of my silverware and I will sell it at market. If gold is going to rally, Elon Musk will find more on Mars. This is a super important point. Bitcoin is the only monetary instrument in the history of our species that is fixed. It does not matter how much more demand comes into the asset class because no one will ever be able to make more than it. There are two things I can guarantee you in my life. Number one, that I'll die. And number two, there will only ever be 21 million Bitcoin. And those are the two things that I could only value, which is my life and my Bitcoin. So it is the only fixed supply asset. It is not that complicated. It's going to go up because everything else can be issued more. The only thing that is clear to us and clear to our customers is that you cannot hold and save in dollars anymore. I think there is going to be a new era of the US dollar where inflation will enter and normalize 5, 6, 7, 8, 9, 10 percent. The days of 2 percent inflation are over. The Fed really blew this thing up. You can call it inflation because the CPI is low to nonsense, right? Like the government is going to tell me how the dollar is inflating based upon a basket of instruments like my Netflix subscription or my Caesar salad doesn't actually tell me how well the dollar is doing or how much it's being devalued. Miami real estate does. Bitcoin does. Bitcoin is up over 50 percent this year. You're telling me the dollar isn't inflating. You're out of your mind. I am not listening to that. The Fed and the whole monetary system is based on trust and they constantly, they constantly break that trust. Preach. It would be the equivalent to there's a fire outside of my house. I smell the smoke and someone tells me, no, no, no, no. It's a bunch of teenagers putting on a bonfire. OK, but I hear one police siren. Are you sure it's a bonfire? Yeah, yeah, yeah. It's a bonfire. Now I hear 10 sirens, 100 sirens. My whole community is running out. I'm not going to get up and look outside the window and see what's going on. I don't believe them for a second. You have to be absolutely crazy to believe the Federal Reserve right now. They are full of it. And I don't have to because I own Bitcoin. There is no one that can deflate my instrument. I get to hold it, save in it. I know the monetary policy. I sleep like a baby, like the baby face that I am. I think you are crazy to believe the Fed and these swap lines and treating these assets at par. It is a gimmick. It is a scam. Very powerful words coming from Jack Mallers. Let me know if you agree or disagree. And as you can see, this post is going viral over on X. So be sure to share it and repost it. I greatly appreciate that. Now for some other thoughts regarding predictions coming from Jack Mallers as well. When he was speaking with CNBC's Power Lunch with Kelly Evans, the strike CEO discussed the role of Bitcoin in the ongoing banking crisis. And Mallers is convinced that the Bitcoin price will hit one million dollars per coin fueled by global hyperinflation. According to Mallers, the Fed has tarnished its name by printing more money to save the banking industry, despite claims to reduce inflation to 2 % as I just shared with you. And as such, Mallers expects the Bitcoin price to continue with higher demand and Mallers reiterated the fact that there will only ever be 21 million Bitcoin units, despite the increase in demand. Now, notably Mallers bashed the altcoin industry for being centralized with founders holding massive coins at the expense of the secondary market. And as such, Mallers thinks that altcoins are suitable for speculation and should ultimately be used to accumulate more BTC. Quoting him again here, my overall opinion is that the name of the game is to accumulate as much Bitcoin as possible. The alts are interesting, but a lot more speculative. I use them to accumulate more BTC. So there you have it. Let me know if you agree or disagree with Jack Mallers and his thoughts, what he had to share. Do you think that global hyperinflation will likely send the Bitcoin price thriving to seven figures per coin? Let me know your honest thoughts in the comments right down below, and don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q and A. And I look forward to seeing you on tomorrow's episode. HODL.
Sen. Eric Schmitt Exposes Biden's Plan for Military Racial Quotas
"Us now is Senator Eric Schmidt from the great state of Missouri, honored to have him here. He has been leading the charge very effectively against Charles Brown, who is Biden's selection to become the next chairman of the Joint Chiefs. Very important position. Senator Schmidt has been hammering him because Charles Brown set racial quotas for the Air Force to massively slash the number of white male officers down to just 43%. One of his motives for doing so, no joke, is that he's bitter about getting questioned over his reserved parking spaces and blames racism. I tweeted this. There is only one quota that should exist in the U .S. military. One hundred percent of officers should be the best candidate available, promoting that ability, not race or chromosomes. Let's play cut 22, then we'll welcome the senator. General, do we have too many white officers in the Air Force? Senator, what I really look at is the quality of all the officers that we have and we look at the aspect of everyone who's qualified. Well, I would agree with you, but that answer is not consistent with your August 9th memo. You said that you signed on to that there should be a reduction essentially of about nine percent of the white officers. That's 5 ,400. You know, too many white officers. Senator, that is based on the that memo is on application goals, not the actual makeup of the force. And those those numbers are based on the demographics of the nation. Demographics and the nation. That's that's strange. I don't think that's right. Senator Schmidt, thank you for your courageous line of questioning. Fill us in from your perspective. Charles Brown, should he be the next chairman of the Joint Chiefs? Yeah, he doesn't have my support. No, and I think that this is what's troubling about all this, Charlie, is that the Biden administration, who is obsessed with racial quotas and this race essentialism and this divisive D .I., you know, these trainings, these sort of struggle sessions that are rooted in cultural Marxism have no place at all in our military. But the Democrats, they want to politicize everything. I mean, what's further in that clip is there's eighty five hundred well -trained men and women of our armed services who are fired because they didn't get a COVID vaccine and not doing anything to recruit those folks either. But getting back to this stuff, it's just toxic. Essentially, the military has been the greatest meritocracy in the world. People from every socioeconomic background, race, gender, whatever, can achieve great things. Right. There's ticker tape parades being held for people who came from the lowest rung of the economic ladder because they did great things. And there's a reason why they wear uniforms is a reason why they had the same haircuts. It's to build cohesion. So this idea that you're going to be separating people by the races or hiring people or not hiring people because of their skin color, it goes backwards. And so he has a memo that I questioned about at that hearing of just last year that essentially sets racial quotas for officers.
A highlight from 2 Miese 3 Papiers reden heute ber ganz Kritische Themen
"How do you feel about that? It's been a long time since I've been here. My name is Eren Jäger. I'm here to talk to you about my side coach, my podcast partner and a 6er. Yeah, my podcast partner. It's been a long time since I've been here. How do you feel about that? It's been a long time since I've been here. It's been a long time since I've been here. Yeah, okay. I think that's it. What do you want to say? Yeah... That's good. It's definitely something I'll be listening to you about. Well... I'm going to sound a little too quiet. IT 'S TOO Philips. Yes, you know, because you watched a shrink before that, so all of those films that you plays yourself, and now you plays the action team which Armory... Yes, and you play the final version of bin shutter bridge. One hundred percent. Yeah. I think it's important for us to be able to see the intellect, to understand the people, to be able to see the arms of the people, that's what I mean. That's what I'm talking about. That's what I'm talking about. Thank you very much for sharing your story. Thank you. Yeah, bro. What do you want to know about them? I don't know. I don't want to know about them. But the world knows about them. I would like to ask you a few questions. I know there are a lot of crazy things going on, but no one wants to know about them. Yeah, man. I know there are a lot of things going on. That's why I'm here with you. That's why I don't know. But I would like to ask you a few questions. Yeah. I would like to ask you a few questions. What do you think happened? What happened? You were in Korea, but you didn't have military training. And you had a soldier who was a soldier. They had a friend in Korea. He had a very strange situation. He had to be in a box. He had to be in a box. He was a little bit worried. And in the it's dumb? that's a joke do you think it's dumb? it's a dumb thing to say it's dumb I don't know it's dumb I don't think so well that's the thing that's the thing it's a very very fact -fuered analogy so but so that was the answer when the answer to the question the question of the answer was not clear because the answer had this sort of answer in it but it's good for the answer because it's something that I think is very interesting that's why if you can't say that the answer to the question of the answer is the only answer the answer is the best the answer is the worst but the answer is the worst you don't have to say it's dumb it's dumb and you have to say your answer is the worst that's the thing that I think is very important in Germany you can't say it's dumb but the answer is not the best you don't have to say it's dumb and you have to say it like military police and that's what it's about well I think it's dumb because you can't say it's dumb well you can't say it's dumb but you have to say it's dumb because you can't say it's dumb because you can't say it's dumb I think it's dumb because you can't say it's dumb so if we say it's dumb then it's a lot harder for us to solve our problems and to make the world free what a horrible answer you can't say it's bad because the world is free and the world There are no men or women here.
The battle to develop the Sports Arena - burst 2
"Today on the southern california real estate report we give an update on a sports arena center and it's becoming quite a battle state. good morning. Welcome to southern california real estate report. This is bob mcguire. Daniel wise coming from san diego california so back in the news. Pechanga arena chain sports arena. Whatever you wanna call it. It's it's kind of the. It's kind of like watching a sporting match like you're like who's going to take the lead. Yeah who's going to win out what's plan from. Different parts of the crowd right exactly. What what ooh. Who has the best ideas and plans. You know who's gonna accommodate. The city's needs fast. So for those of you. That are new to this. The sports arena. Property was last year thrown up basically as a request for proposal to redevelop it. But what happened was was that that was premature because the land actually has to be used for an affordable component of housing. That wasn't considered in the first proposal. So it's kind of interesting so so what happened was it was basically put out as as basically like most real estate. Proposals or requests for proposals are put out. It was put out as basically a best and final and they said. Hey you know you. Mr developer come out and give us your best and final on how you would redevelop this. The surplus land that we have around our sports arena facility. Which by the way. The sports arena in this town if anyone is local for our local listeners. I should say those of us. That are familiar with the sports arena. I mean it's it's really dated so this is long overdue to get this done for a city. That's our size and for a city that now is gonna have what we're going to have in mission valley with the new. Sds you the football stadium and what we already have in. Petco pet khoza class aid stadium. That's rivals any baseball park in the country and the sports has like this really. It's just as really old decrepit building but people love it and they love going to the goals games because they can say close to the ice and things like that so it has some kind of some neat things about it but the building itself is like one thousand nine hundred seventy s the developer. That came out was brookefield. Who has quite a few properties. Here in san diego so there are known developer there known quantity and out of all the best in finals. That's who the city chose now. They made a huge mistake right because in the summer when it went up to the state to get approval of the state turn around said. Now you can't do it because there's no affordable on this property so you have to literally stop and now turn around and go find not only. Somebody's redevelop the sports arena. But also you need to find an affordable developer and then you need to have so do market rate units so brookefield has come back around and now they're saying hey. We understand that. This was a mistake. We're ready to do it again. So originally the units that the total coverage was going to be approximately twenty two hundred residential units but now they're actually increasing that up to like four thousand residential units if you stay under a certain square footage right around six to eight hundred sixty eight hundred square feet. So obviously you can do a large affordable you know component of studio units or you know micro units things like that. That are pretty popular as affordable housing options. You know for single people and people that fit into the average area meaning category. Which they're saying is going to be obviously found by hud and it's like thirty to sixty percent thirty two eighty some eight. I mean you have to remember that. Like six hundred to eight hundred feet. You can of one better in that. Like dont necessarily studios of yeah. Yeah yeah that's true. They could be nice. One bedrooms one in twos in six to eight hundred square feet but but to get the density that they're talking about. I think there's going to be a lot. I guess i should say i should. You're right a one hundred percent and it's there's going to be a smaller. There's going to be smaller. Units so the original plan had a lot of residential houses like sf are and townhomes and things like that so that is probably going to go away to get this additional density that they need so it's going to be interesting. They're going to have to escape park. They're going to have office and retail. They're going to have restaurants so for those of you. That don't know this area. The site is huge. So insight and brookefield is in the running but that toll brothers is trying to trying staged a comeback. Well so toll. Brothers is trying to stage a comeback. But what's really interesting too. Is it so this is now an open bid so they put out basically the so so. The city got the state's approval and now they have basically put out that. Hey this land is available surplus. Here's what you need to do. So there's going to be like you know. Basically on sunday there's going to be a presentation so also condamne who is a local real estate investment firm here that owns apartments nationwide. They're one of the largest apartment owners in the country. Owner and operator i should say so they. They have a big management platform. They're also going to throw their hat in to be the developer on this project as well. They've already it. Sounds like
Outspoken Marine Officer Who Went Viral Blasting Military Leaders Over Afghanistan Is Jailed
"There's marine officer named lieutenant. Colonel stewart sheller his meteoric rise as jim garrity over at national review describes. It came from this video resigning. My position as the united states marine effective now forfeiting my retirement on title. I don't want single dollar. I don't want any money from the va. I don't want any. va benefits. I'm sure title to one hundred percent. all i have. Four was accountability of my senior leaders. When there are clear obvious mistakes that were made. I'm not saying we can take back what has been done. All i ask for was accountability for people to comment on what i said and to say yes. Mistakes were made. And how did they done that. I would have gone back into rank and file submitted. An accomplished what i wanted. Follow me and we will bring the whole system down. I am honorable and you ask any marine. Who served with me for seventeen years. I dare you to ask them all and find out what i made of show. He walked away from a pension. That i'm reading was worth two million dollars. Seventeen years of service. You know what happened. After that video. He was ordered to undergo a mental health screening and then according to his father he was thrown in the brig where he sits. Now he's behind bars Sheller senior told the media outlet task and purpose. All our son did is ask the questions that everybody was asking themselves but they were too scared to speak out loud. He was asking for accountability. They had a gag order on him and asked him not to speak. He did and they incarcerated him.
Search for Gabby Petito Boyfriend Continues After Body Found
"A body found in Wyoming is believed to be the twenty two year old woman who disappeared while driving cross country with her boyfriend meanwhile the search for him continues in Florida FBI special agent Charles Jones says they believe it's Gabby potatoes body that was found Sunday in Grand Teton National Park but no cause of death has been determined human remains were discovered consistent with the description of Gabrielle Gabby potato full forensic identification has not been completed to compare confirm one hundred percent that we found Gabby but her family has been notified of this discovery he says an autopsy will be performed Tuesday boy from Brian laundry has been identified as a person of interest in the case police say he drove back from their cross country trip with out her and was last seen Tuesday by family members in Florida authorities are now searching the best preserved there for him I'm Julie Walker
U.S. Soccer Offers Men's, Women's Teams Identical Contract Proposals
"Us consideration is offering the women's national team identical terms to the men in terms of contract from the federation But the women who are appealing an equal pay lawsuit. This is a long ongoing situation. Said just a publicity stance what what. What do they mean. What's what's going on. This is a really really complicated. We've mentioned before. Show the should be complicated issues. I what really annoys me is people just without having any understanding to say equal pay equal pay. No because it's a lot more complicated than that. The reason the women said this is a publicity stunt is because the women aren't a very different situation to men when it comes to when it comes to equal pay because for example most of the men get their entire healthcare recovered they play for professional most of them in europe and stuff and they get a lot more benefits from playing for the national club. Which a lot of the women who might play in the wwl less money they don't necessarily received so you can't treat them one hundred percent equally. That's not what the women are asking
"one hundred percent" Discussed on Daily Tech News Show
"Feel uncomfortable. Getting that report. Seems really great. I called plus. If i'm not mistaken this just takes over icloud there's no icloud minus or anything like that that private releif I'm interested if that's just apple. Speak for a vpn or if that is something a little bit more sophisticated almost like a like a cloudflare of one that one that wonder some sort of dns or maybe. It's all packaged together. I'm not one hundred percent on that But i really think that you know. Apple continues to make very meaningful Transparency when it comes to privacy you know they're not just putting up a a wall for customers and stuff like that they are giving you some some really meaningful tools at privacy parts. Kind of number one For me i was gonna say date and again. I don't know if this is a good thing at right now. It's a good thing but apple is making it really hard for somebody that is really into ecosystem especially was something like privacy. All these meaningful At editions right. The main really hard for me to say okay. Something happen fit up. I'm going to pick something else. Where are you going to go. Especially if you're concerned about privacy. Where are you going to go to where you know whether the android whatever the case may be worried windows microsoft where you're gonna go to where they really say it. Okay we're going to you. Know air quotes..
"one hundred percent" Discussed on Daily Tech News Show
"Feel uncomfortable. Getting that report. Seems really great. I called plus. If i'm not mistaken this just takes over icloud there's no icloud minus or anything like that that private releif I'm interested if that's just apple. Speak for a vpn or if that is something a little bit more sophisticated almost like a like a cloudflare of one that one that wonder some sort of dns or maybe. It's all packaged together. I'm not one hundred percent on that But i really think that you know. Apple continues to make very meaningful Transparency when it comes to privacy you know they're not just putting up a a wall for customers and stuff like that they are giving you some some really meaningful tools at privacy parts. Kind of number one For me i was gonna say date and again. I don't know if this is a good thing at right now. It's a good thing but apple is making it really hard for somebody that is really into ecosystem especially was something like privacy. All these meaningful At editions right. The main really hard for me to say okay. Something happen fit up. I'm going to pick something else. Where are you going to go. Especially if you're concerned about privacy. Where are you going to go to where you know whether the android whatever the case may be worried windows microsoft where you're gonna go to where they really say it. Okay we're going to you. Know air quotes..
"one hundred percent" Discussed on Now Try This
"Would hurt. Would like i'm not saying like i'm suicidal But like there'd be a moment where i'm like. This is devastating. My life has been trampled. One hundred percent and people don't realize that people will be as the power the have especially when you know people aren't who they present themselves to be. People are completely flawed human beings with anxieties and things that wrong. And you know just like in me maps. Case i do. I feel like i have been suicidal in the past. But if someone tell me to kill myself. I'd be like contrarian about it. That's your motivated to live dow. Fuck you fuck you super fuck assessable. Have a fucking me super happy. You showed.
"one hundred percent" Discussed on The Showtime Podcast with Lakers Legend Coop
"So, you know, it's it's I think you hit the nail on the head there with the glue guys, you know that one hundred percent is what you thought and what they were. And again mean kukoc, they won titles before kukoc got there. Yeah. The Lakers, you know, I mean you're was part of every one of those titles of the Lakers won, the showtime, Lakers.
"one hundred percent" Discussed on The Mr. Warren Hayes Show
"To this in a couple of months and maybe just maybe i'll get. I'll say you know what all you were telling me. That adam pages career was done. Yeah y'all right. Maybe but i highly doubt it. You didn't like my song. Yo y'all paid for. I gave you a song. Hey the jade cargill angle the jade cargill angle of managers Scrambling to scoop up rules. It rules now. This is the kind of thing. I one hundred percent get behind because it's not something that we've seen in decades because and okay it makes cargill look like the star that they want her to be makes sir come across as the big get. This is the one that everyone is angling for. Everyone is trying to making meetings and shifting moves to try and get her. That is fucking awesome. Awesome.
"one hundred percent" Discussed on Heartland Newsfeed Radio Network
"Not mentally ill. They just wanna feel special correct. I i agree with that. One hundred percent but when you look at the current landscape who who is doing the most clamoring about this kovic nonsense because the liberals because case not conservative so they so chicken or eggs which came first did the mental disorders come first or have they basically put themselves had they had. They put themselves at a disorder. They have constantly living in fear waking up thinking they're gonna kill themselves or kill grandma at any second had they put themselves in this position. I got a related story. That i wanna talk about later about falcons and what he's saying about mass because this has mentally ill. This is so stupid that you have to be insane in order to just to the statement and go along with it with a fouts. He said something to the effect of well. If you're outside by yourself there's probably need to wear a mask. What do you mean. probably if you're outside by yourself there's no one there for you to get sick and there's no one there to get you sick. There's no probably to it. You are one hundred percent safe not to wear a mask while sitting outside on your back porch by yourself a whole year of this guy more than i saw something article just recently more than three hundred tv appearances.
"one hundred percent" Discussed on The Coaches Corner
"I rule you mentioned is what's best for the prospect. Maybe they're just not ready to force them into something they're not ready is probably not best for them. Anyways one hundred percent right. I'll get on a call someone and if i that they're not in a like you could be waving your credit card at me with twenty five thousand dollar limit on your apex but if you're mentally.
"one hundred percent" Discussed on MTR Network Main Feed
"But i love the fact that they made it over. And he's like. I got all that shit. Our camera all. I love this all of the empty digging into but also again. Sam is also pretty good too. You know sam's nice yes. It was like a snug super soldier and everything. It's like to also say i am enjoying how they are playing out the entirety i act like i'm his sidekick storyline in this better than some how it plays sometimes in the comic because the commerce it sprawls because it goes over months and months because the micro aggression Hear the tone really. You know it's easier to communicate in three dimensions. But like you're one hundred percent right up the i want to. I want caps wingmen beside me. Always last line right. Yeah bucky south car.
"one hundred percent" Discussed on AA Beyond Belief
"You will giving yourself permission being gentle with yourself being kind treating yourself like a friend rather than an enemy it opens up more doors also thought it was funny when you wrote about asking the audience to try to raise their hands try to raise their arms and most people would raise their arm right rain tomorrow and they all do and then i'll say okay. Now try to raise you are and they look at me weird. What do you mean. Try and i might add exactly you either do or you don't think try is the most dangerous of the obstacle use it so often yes and it becomes a crutch and shield that we put up to keep from taking one hundred percent of responsibility. Well i tried. I tried to.
"one hundred percent" Discussed on SuperHero Homies!
"Wrote down. I'm very curious is Yeah so. Oh dang runoff. Feel like i got shot just now. I'm okay so i feel so i'm just gonna go with my thoughts on the best and worst. My my best to me is something that i've actually come up with is i feel that the Everything political in our in our society is a work in for non wrestling fans. That don't know what that means is. It's all fake so everything that we see is all televised people. Everything about it. They're doing all this a smokescreen and we're just paying attention it. That is. I don't believe that any of our decisions actually matter because of that. So that is my personal. And that's what i think is the best. Because that's what i believe and Let me pick your brain on that one. Quick for forget so like with that With that line of thinking which. I'm definitely i'm not mad at it there. I think there's definitely a lot of credence behind it as little Guess now listed isn't even the word pessimistic would be more more can yes. I'm definitely pessimistic. Everything evolving our government and most mainstream society. in general. I guess like with that being said though what would be the primary goal. If you're like the the gatekeepers of the spiracy theory would be the primary goal behind it. Control period like The illusion of choice gives you control and they throw it into our face constantly. That's why a third party system will never work because of that reason right there. It's all about giving you this option and it does ultimately is like being a damn like i've come up with this intricate storyline. The part is going over that direction. I wanna move my storyline over the over there. So it's still gonna have of choice choice and that like a one hundred percent is my whole thought process on it. Like yeah like. I really don't believe anything's real when.
"one hundred percent" Discussed on Creative Therapy Umbrella
"I know i'm sorry. I have a point to make an. I'm gonna make it right. It's like barring but no yeah. Yeah yeah totally worth it. One hundred percent Because it makes it saying no to other things far easier if you start now. So he has yes. I love that boundaries and limits guys important andries. Oh my gosh foundries. It's just the best just gave it. I was joking about them yesterday. I was like boundaries. Are the mother of all the things like if you have good boundaries so many good things come from good the no absolutely i mean especially our agency and are things that like in being true to what's authentic to us you know. That's where confidence comes from. You know so. Yeah totally totally. Yes being authentic. i love that. Yes well so we've talked a little bit about how music can support survivors of trauma. You know talked about finding it was. Amd are is there anything that you feel like. Music does music therapy equality about music therapy..
"one hundred percent" Discussed on Lights, Camera, Upkeep
"Primarily how playing right now is arena and by primarily. I mean pretty much entirely. How i'm playing is arena. I would also like to posit that. We've in future when we can meet in person again. Do commander nights with all proxies allowed. I think proxy is actually must. Now for casual commander. I playing commander with friends. You have to let proxy nba thing because commander has become way too expensive of format. I actually really good cases for it. Should more store should allow it. This was on. Mdg tiktok so like probably not going to see any more of this content. Because i'm avoiding it but the idea being that you know. Yeah there's a guy there who's been in the game for real time and can afford to make these big decks and they want to encourage people to come in and play commander but they can't afford that so yes. Let them proxy. Let them proxy one hundred percent of their deck and the thing is i. I don't know what one hundred percent i think. One hundred percent of your deck hurts the game shop will does. I will say that. I would say definitely allow some are practicing. Though because to some extent getting everything you need for commanded. They won't even help the game shop because they probably they probably don't even have it yet. But i actually think proxy team will help the game shock in the sense that let's say there's a decky wanted to build but you're like going to build it because i can't afford guy is cradle and The original dual lands. so like. i won't build this deck right but now let's say you're shops like we allow proxies and then you're like whoa. I can make that now. But i need to buy some stuff and.
"one hundred percent" Discussed on Heartland Newsfeed Radio Network
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"one hundred percent" Discussed on The Mighty Oaks Podcast
"To that is has been your experience as well is that so. Has that been your experience us. The question but then on the other side of that question would be why. Because i i've seen it. I've talked about it But it's always a curiosity to me yet. No one hundred percent and it has been my experience in. This is my reasoning for it My dad lytham house one and then my mom got a car accident. I think i was about is between six and eight..
"one hundred percent" Discussed on Beam Me Up: A Star Trek Podcast
"He's kind of frightened at that point. It's like oh. I didn't realize you were sir again. That's vibe that i get off of it like i'm so sorry please. Please don't kill me right. And i it's it's just such a drastic change instantly and part of this is just move the plot along obviously that they allow him to have speech right away in the. He has the cognitive reasoning in all the stuff. They talk about But still to to instinctually know than have implanted in you. Basically who founders are and how you react to them Like hello which starts makes me wonder even more now like are the gem. Dr even a natural. I'm sorry that you picked up on that or are they completely artificial created by the founders light. I because like said. I like everything. We're going through here. Just how they react. What what they do How they're built way how they develop. They don't develop like any other thing. But i mean if the founders are as bad as big imbalanced intelligent as we think they are like. Why couldn't they create something like this but yeah and then to to you know. Keep them loyal. Obviously we talked about this. This enzyme this drug already But it it's crazy to think about if if jet harare the at once again that could be an entire reason why no one really knows about them is because you're not going to find them elsewhere it's slave that they are are creation. Our foot soldiers like you said so. I want to just answer one question. You sort of posed there sir. You are meant to understand that. The gym dr is a one hundred percent created an engineered species by the founders. This is not a natural species out there that they found genetically modified or anything like that they have created this particular group of people grown delman test tubes and enviros in laboratories and later what they call hatcheries and different things and they have you know engineered this drug that they.