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A highlight from 1403: This Will Send Bitcoin to $1,000,000 - Max Keiser
"In today's show, I'll be breaking down the latest technical analysis, as well as breaking news just in. The former SEC and Federal Reserve Bank of New York, Norman Reed, announced as the new CEO of Binance US? Like, what? Serious? We'll also be discussing the latest from Max Kaiser, who recently shared, we helped boost El Salvador's bonds 90 % this year. We can help Javier Malay escape the IMF, central banking terrorist, and get Argentina's economy rocking. Hope to be landing in Buenos Aires soon. Let's go. He also says that President Bukele plus Bitcoin have reinvented the nation state. Governance is being redefined in the Bitcoin age. A true meritocracy and universal economic freedom is rising in El Salvador. Socialist ideas are on their deathbed. Can the Bukele model of Bukelenomics be exported to another country? We will go to Argentina and discuss this with Javier Malay. Can't freaking wait. Also breaking news, Mark Cuban loses $870 ,000 worth of Ethereum in his MetaMask hot wallet with a hack. Rough. Also in today's show, Gemini legal team accuses DCG, the digital currency group of gaslighting Genesis creditors. We'll also be discussing BitGo and Swan unveil plans for a Bitcoin -only trust company. That's right, the trust company will target institutional investors in the United States as asset managers line up for the Bitcoin spot ETF. Send it. We'll also be discussing Bitcoin price all -time high will precede the 2024 halving according to this latest prediction by Bitcoin. Quitting him here, no, Bitcoin is not going to top before the halving. Yes, it is going to reach a new all -time high before the halving. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024. And yes, the target price is around $250 ,000 per Bitcoin. I'll also be sharing the latest predictions from Max Keiser with the Bitcoin price action I recently transcribed his most recent interviews. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again, that's cryptonewsalerts .net. Welcome everyone just joining us. This is pod episode number 1403. I'm your host JV, and it is stat stacking Saturday. So let's get it. It's September 16th. So you already know we're halfway through the September before October. So let's bring it. Let's start with our market watch. As you can see here on the screen, we're back in the green. Bitcoin up a half a percent for the day trading back above 26 ,500. We also have Ether trading above 1600. And checking out coinmarketcap .com, we're sitting just above that trillion dollar milestone with roughly 22 billion in volume in the past 24 hours. Bitcoin dominance is 48 .9%, and the Ether dominance is 18 .6%. And checking out the top 100 crypto gainers of the past 24 hours, TonCoin leading the pack up 17 .5 % trading at $2 .42, followed by ThorChain up 9 .5%, trading at $1 .91, followed by Flow up 8 .5%, trading just above 46 cents. And checking out the top 100 crypto gainers for the past week, we have a sea of green, which is a beautiful omen for the altcoin market. We have coins such as TonFlow, Rune, and Ave all pretty up between anywhere from 8 to 13%. And yeah, so there you have it. How many of you are currently bullish on the king crypto, and how many of you are anticipating a further dip? Let me know your insights. And at the end of the show, I'll be reading everyone's comments out loud as we do each and every day in the Q &A session. Now, let's dive into some technical analysis from Glassnode, one of my favorite analytics platform. The past few days have been relatively positive for the price action for the king crypto, which has been increasing since Tuesday, September 12th. At the time, Bitcoin is sitting just above 25 ,600. Now in this prediction, the co -founder of the popular crypto analytics resource, Glassnode, outlined that the US CPI jumped by 0 .6%, which led to some fluctuations of the Bitcoin price. And indeed, the core CPI, which excludes more volatile sectors such as food and energy by design, has noted a yearly increase of 4 .3%. But interestingly, the CPI itself clocked in at 3 .7%, while the estimations were for it to be 3 .6%. So initially, the news didn't really have any impact on the price, which beyond the expected initial turbulence, settled at where it was trading just before that. So here's some price predictions coming from the Glassnode co -founder. He pointed out that crypto reclaimed the support above 26 ,000 and is now eyeing a potential break beyond 27 ,000. This would help it escape a multi -week range. He went on to share, risk signals nose dive into the 60s around ,400 27 and 28 ,200. But this climb seems poised as a step before tackling the psychological barrier at $30 ,000. So there you have it. Let me know if you agree or disagree with the analysts. And are you currently more bullish or bearish on the King crypto for the short term? Please do let me know. And breaking news just came in before I went live. And I'm like, it's hard for me to even accept this, but this is what it says. Former SEC and Federal Reserve Bank of New York, Norman Reed, is announced as the new CEO of Binance US. You can't make this stuff up. Folks, what is the SEC doing? Now, Max Kaiser recently tweeted, I'm sure you know, there was a Tucker Carlson interview with the pro Bitcoin presidential candidate of Argentina, who's currently winning the polls for the presidency. And fantastic, almost 400 million views within the first day. Max went on to share, we help boost El Salvador's bonds 90 % this year. Facts. We can help Javier Malay in Argentina escape the IMF central banking terrorists and get Argentina's economy rocking. Hope to be landing in Buenos Aires soon. So the million dollar question, do you think Max Kaiser will orange pill Javier Malay? I sure hope so. He even recently tweeted here, President Bukele plus Bitcoin have reinvented the nation state. Governance is being redefined in the Bitcoin age. A true meritocracy in universal economic freedom is rising in El Salvador. Socialist ideas are on their deathbed. Can the Bukele model of Bukele -nomics be exported to another country? We will go to Argentina and discuss this with Javier Malay. And quoting El Salvador's fearless leader, Bukele, old ideas and institutions crumbled and a new generation is called on to remake the world based on the human right of financial freedom. Preach. Now, Max also shared in regards to this headline, Janet Yellen says Ukraine aid is the best boost for the global economy. Now this is hilarious and also sincere at the same time. Bitcoin monetizes war and violence by being finite and uncomfortable as this ugly, what? Illustrates money monetizes war by violence by turning humans into disposable garbage central bank Ponzi scheme. Preach Max Kaiser. Greatly appreciate all the work you're doing. You're truly doing God's work. You and Stacy's a massive shout out. Now let's discuss the latest with the hack from Mark Cuban. Now this is alarming, but at the same time, it's Meta Mass. I've been telling you guys to stay away from the Meta Mass wallet for quite some time. And also they didn't hack Bitcoin. They hacked Ethereum. I personally don't trust Ethereum or Meta Mass. So interestingly enough, so to read this story, let's break this down. Check this out. Nearly $900 ,000 worth of Ethereum was reportedly drained from one of the hot wallets belonging to investor in Dallas. Mavs owner, Mark Cuban, the man that once said Bitcoin has no intrinsic value and that bananas are more valuable. Yeah, right now, independent blockchain sleuth was the first to spot the hack September 15th at around 8 PM. So that was last night after they highlighted suspicious behavior. What one of Cuban's wallets that the 65 year old had an interacted with for roughly five months as he shared here on X LMAO did Mark Cuban's wallet just get drain wallet inactive for 160 days and all of the assets just moved. And according to the transaction history on Etherscan, several batches of assets such as USD coin, USDC tether, and Lido staked Ether were suddenly withdrawn from the wallet within a 10 minute window. Now adding complexity to the matter, another 2 million worth of USDC was also withdrawn and sent to a different wallet, leading Woz to suspect that Cuban may just be moving some assets around. However, a few hours later, Cuban confirm to DL news that he had gone on metamask for the first time in months and vaguely suggested that the hacker or hackers may have been watching and waiting for the moment to pounce. Cuban added that he had transferred any remaining assets to Coinbase custody, essentially confirming that the $2 million worth of USDC transaction was indeed him. But in terms of the hack, members of the community were quick to point out that the opposed to the hackers watching Cubans activity, he must have done something that led to the security breach. Some suggested that Cuban may have mistakenly signed a malicious transaction while others asserted his private keys were compromised given that the funds were directly transferred out of his wallets. What do you guys personally think chat? Please let me know in the comments below. This is not the first time Cuban has been taken a hit on the crypto market. Back in June of 2021, Cuban Lawson unspecified amount of capital on what he called a rug pull after the algo stable project called iron finance imploded amid a supposed bank run. So there you have it. Mark Cuban has a bad track record in crypto. Just pointing out the obvious fam, how many of you guys think that it was a legitimate hack? Let me know your thoughts or how many of you think he maybe have just moved it around and don't want to claim it. Who knows? I mean, there's infinite possibilities. No one really knows, but I'll be keeping you posted with the latest developments. We all know Mark Cuban is a multi -billionaire. So obviously a $900 ,000 loss is not going to affect him. He's not going to lose any sleep over it. But what if you were to get hacked worth of $900 ,000 of crypto? So again, red alert, be very careful with wallets such as MetaMask. Just saying. Now for the latest between the digital currency group in Gemini with the ongoing saga as it continues, lawyers representing Gemini Trust have pushed back against the plan proposed by DCG for the creditors of Genesis Global in the filing yesterday, September 15th in the US Bankruptcy Court for the Southern District in New York. New York, where you at? The legal team accused DCG of gaslighting Genesis creditors through contrived, misleading and inaccurate assertions and a recovery plan. Now the plan filed in Bankruptcy Court September 13th, three days ago, claimed unsecured creditors could have a 70 to 90 % recovery with a meaningful portion of the recovery in digital currencies, while Gemini earned users would expect an approximately 95 to 110 % recovery for their claims. This seemed like a red flag when I initially read the story. I'm like, how are they going to get back 110 %? Does that make any sense? So now I'm starting to understand maybe they were gaslighting. What are your thoughts, chat? According to the legal team, DCG was attempting to bait the Gemini lenders into accepting the deal that would allow the company to pay less than it allegedly owed. Lawyers called on the firm to significantly improve the terms of the loans provided to Genesis and not use Genesis' bankruptcy proceedings to cover for justifications of the recovery plan, quoting them here, to distract the Genesis creditors from the inconvenient facts of its facially inadequate and inequitable proposal, DCG touts proposed recovery rates that are total mirage, misleading at best and deceptive at worst, said the filing yesterday, September 15th. Make no mistake, Gemini lenders will not actually receive anything close to the real value in terms of proposed recovery rates under the current agreement. In principle, so a bunch of more shenanigans, to say the least. The legal battle involved entanglements with crypto exchange Gemini and DCG over the Gemini Earn program. How many of you have lost crypto from Gemini Earn? I'm curious. Please let me know in the chat, fam. Financed in part by Genesis, Genesis halted withdrawals as we know November of 2022 in the wake of the FTX collapse, citing unprecedented market turmoil at the time and filed for bankruptcy later on in January of this year. According to the court filings by Gemini, Genesis owed more than $3 .5 billion to its top 50 creditors at the time of their Chapter 11 bankruptcy filing. The crypto exchange filed the claim in May, aimed at recovering more than $1 .1 billion worth of assets for roughly $232 ,000 Earn users and filed a lawsuit against DCG and their CEO, Barry Silber, in June alleging fraud. Barry was not the only architect and mastermind of the DCG and Genesis fraud against the creditors. He was directly and personally involved in perpetuating it, said Gemini co -founders Cameron and Tyler Winklevoss back in June. The US SEC filed a civil suit against Gemini and Genesis in January for allegedly selling unregistered securities through the Earn program. The two firms filed a motion to dismiss the case in May, but it is still ongoing at this current time. How do you think this is likely to play out? I just hope that the investors get their money back as they deserve because we all know with lawsuits, the biggest losers are always the investors. The biggest winners are the lawyers and the courts. That's just facts. So we'll see how this plays out as well. And again, they're attacking and going after all of the yield programs for crypto with Gemini Earn being a pretty large one. Why? It undermines the banks, right? If you can earn a five or 10 % yield putting your cryptocurrency on their platform, it basically tells you that why would you even waste your time with fiat currency in your bank when you're losing more than the actual appreciation of interest because the interest is virtually nothing while you're losing 20 % in inflation on an annual basis. It just makes no sense. So it seems if I had to guess, that's why they're attacking all of these yield programs. But what are your thoughts, chat? Please do let me know. I'm going to read those comments out in a little bit. Now let's discuss the latest with Bitcoin Trust. That's right, BitGo and Swan unveiled plans for their Bitcoin -only trust company. This is breaking news as well. The US may soon have a Bitcoin -only trust company according to plans disclosed by BitGo and Swan yesterday, September 15th. The joint venture is pending regulatory approval, the company said in the statement. Now I love the word joint venture because hey, JV, just saying. The forthcoming entity will handle similar activities of a trust company, including Bitcoin custody, administration and management on behalf of its beneficiaries. And according to Corey Clipston, CEO of Swan, the solutions intends to offer Bitcoin custody without the risk of having other altcoins under the same roof. As you know, Swan is Bitcoin -only and they're pretty much anti everything, not Bitcoin. Quoting him here, for years, we have heard from major clients, partners and other Bitcoin companies that they would prefer a Bitcoin -only software and services stack that is focused strictly on the best custody and leverages of Bitcoin's unique features. The companies are in contact with state regulators about the plans, but have yet to file regulatory approval. Clipston told Cointelegraph we're evaluating acquisition options first, he disclosed as he announced here through the Swan Bitcoin team on X. As part of our long -term vision to advance Bitcoin adoption, we're announcing a major step forward for Swan and the entire Bitcoin ecosystem. BitGo and Swan announced plans for USA's first Bitcoin -only trust company. Let's go USA. BitGo offers digital asset security and custody, supporting over 700 cryptos as per its website. And in contrast, Swan's business is fully dedicated to the king crypto, allowing users to only invest in Bitcoin via a one -time and reoccurring purchases, with custody of records held at Fortress Bank and Bakkt, while BitGo acts as a cold storage for Custodian. Now, didn't Fortress Trust just go bankrupt or get acquired by another company? Was it Ripple? You guys let me know in the chat. I know there was something major with Fortress Trust. Now, the new venture will target institutional investors such as asset managers, pension plans, and family offices, along with governments and company treasuries. It will offer cold storage, fraud prevention, anti -money laundering, and know -your -customer protocols, amongst other Bitcoin -related services. Institutional investors in the crypto space are at a fast -growing market in the US, especially as the world's largest asset managers seek regulatory approval, which includes BlackRock, the largest. For a spot Bitcoin ETF, we also have several large Wall Street players offering crypto custody solutions to institutional investors, which include the Bank of New York, Mellon, as well as Deutsche Bank, quoting them here. We believe there is a high likelihood that several ETFs are approved in 2024, and thus a new round of entrants to the Bitcoin market seeking mature, reputable, technology -proficient partners for a range of needs, explained the Swan CEO. The SEC delayed decisions on the spot Bitcoin ETF product. Analysts predict the regulatory regulator may postpone a decision until early 2024 as the deadline fast approaches, quoting them again. Our teams have worked closely together for nearly a year on stronger, qualified custody models. Early in 2023, we recognized the opportunity to establish a Bitcoin -only custodian, combining the unique capabilities of each company and supporting the innovators that will be at the forefront of pushing Bitcoin adoption, noted the CEO of BitGo. So there you have it. I am curious, by a show of hands chat, how many of you have purchased or acquired Bitcoin using Swan Bitcoin, and how many of you are familiar or ever used BitGo? Let me know in the chat. Now let's break down our next breaking story of the day, and that's the Bitcoin halving, which should be on everybody's mind, because it's only six months out, estimated to take place sometime in April of 2024. Now guess what? What if we hit a new all -time high pre -halving, because that's what this prediction suggests. Let's break this baby down, shall we? Bitcoin has a $250 ,000 target for after its next block subsidy halving, but a new all -time high will come sooner. Let me know if you guys agree. That is the latest Bitcoin prediction from BitQuant, the popular social media commentator who sees a rosy future for Bitcoin. In his latest post on X on September 15th, synonymous central banker and Bitcoiner revealed a pre -halving target of 69 ,000. That's what makes this individual interesting. He is a central banker and a Bitcoiner. I didn't even know that was a possible combination, fam, just saying, but he wrote, no, Bitcoin is not going to the top before the halving. Yes, it is going to reach a new all -time high before the halving. Now Bitcoin has just over six months before the halving, the event that cuts the miner rewards, as we know, per block by 50 % every four years. Analysts argue that the resulting emission restrictions have a cathartic impact on the Bitcoin price performance, acting as something of a springboard in advance of Bitcoin seeing new all -time highs. But for BitQuant, the analysts, that alone is not bullish enough. Not only will Bitcoin beat its current record set in 2021, which we all know the current all -time high is 69 ,000, before next April, it'll go on to hit $250 ,000 per Bitcoin after the next halving cycle begins. That's what he says here. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024, and yes, the target price is around 250 ,000, which is outlined right here in the chart. Let me know if you agree or disagree with this crypto analyst, BitQuant. Now, market participants are highly divided when it comes to how the Bitcoin price action will play out into the halving and beyond. Some agree that the higher levels are possible by April, but plenty of conservative voices obviously remain, especially bears, right? Last month, Bitcoin investor and author Jesse Myers dispelled any idea that Bitcoin will be trading at six figures between now and then, and in a subsequent interview, meanwhile, Philby Philby, the co -founder of Trading Suite, decent trader, gave a pre -halving Bitcoin price ceiling of 46 ,000, quoting him here, assuming no Black Swan event, around 35 ,000 by the end of the year, and possibly as high as 46 ,000, sometime pre -halving in quarter one of 2024. So there, you freaking have it. And as he shares here, I'm going to read you his particular post on X coming from Bitcoin. Again, this is the central banker slash Bitcoiner. He says, no, Bitcoin is not going to the top before the halving. Yes, it is going to reach a new all -time high before the halving. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024. And yes, the target price is around $250 ,000 per coin. So there you have it, fam. Again, let me know if you agree or disagree with the analysts and where do you feel the Bitcoin halving, which is around the corner, is likely to take us. As you know, the two most bullish catalysts in the market, Bitcoin halving as well as spot Bitcoin ETF. I hope they both get approved and take place. We already know for certain the halving will take place, but there's a 95 % chance of the spot ETF approval in the United States, according to top ETF analyst, Eric Balchunes of Bloomberg. Now for the moment you have all been waiting for, the latest from Max Kaiser. I recently transcribed, actually today, his most recent interview in Bitcoin price predictions, very powerful words to share. So let's break this down. So first and foremost, he says, the world is a very different place and everyone will say nobody saw it coming, but it is clearly been brewing now for many years. And it's like every single day you can just see the catastrophe inching toward the abyss. You know, it's we're at the zero line preach. He also says it is a global fiat money game and you see different countries where fiat money regimes are collapsing in real time, right? Facts. Argentina, you know, the countries like this or like Lebanon recently had a complete collapse or a central bank collapse. That's right. And inflation is definitely an indication that your fiat money regime is in dire straits and inflation is breaking out in a big way. It is not going to return to where it was before this latest inflation break inflation and the collapse of fiat money is here. Now people are feeling it right now. And the quality of life all over the world is being impacted by it and it's being impacted in the United States. You know, people can't buy a home. People can't afford food. The economy is starting to ramp back up again. So it's playing out right now. And there is nothing that can be done to stop this inflation because the economy is completely out of control. So even the interest on the debt in the United States is now over one trillion dollars. So I think it is the biggest line item on the budget, bigger than the military. What we were told for decades was, oh, you know, it's trickle down economics or what you have, what not. I mean, and he goes on to share with Bitcoin. It's kind of the end of price discovery because everything will be priced in Bitcoin preach. eventually Everything goes to zero against Bitcoin. And so for someone like myself, who has been following this for 40 years, finance markets, technology, Bitcoin is the holy grail. It is the end all. I would say my compatriot in all of this is the one and only Michael Saylor. When you hear Michael Saylor talk, he talks about the aesthetics of Bitcoin, the beauty of Bitcoin. And he speaks about it in a way that I think carries the torch from the Max and Stacey from 2011. He started buying it, I guess, when it was 10 or 12000 a coin or so in 2020 era. So we were from 2011 to 2020. I think he's kind of carried the torch from 2020 in a lot of ways and introduced Bitcoin to massive pools of capital. I am surprised that more companies haven't followed his lead, giving up the break in inflation we have had exactly as Michael Saylor predicted, the melting ice cube, as he called it at that time, is exactly what happened. Well, I guess we can say now we're in a new era where BlackRock and those other major institutions are now looking at Bitcoin. So his work on the institutional level, I guess, is now bearing fruit. Three years later, I see in the Middle East, they are starting to recognize Bitcoin. So that's a huge pool of capital. I think all of that oil money will find its way into Bitcoin and be a huge catalyst for the prices. It is a natural way for the oil industry to diversify their portfolio because Bitcoin is essentially energy and the energy eventually gets priced in Bitcoin. And there is a marriage between these two in a big way. So I think that's kind of the answer. I have always been fascinated by price discovery in markets and the architecture of how markets work under the hood. And Bitcoin is such a pristine, perfect money. And I think it is something that humans have been searching for since forever. And now we're seeing it change society on a really fundamental level with the introduction of Bitcoin. And a lot of people are freaking out because of it, because it destroys the status quo. And a lot of people who have been waiting for it to come along have had the faith that humanity can be saved. They see Bitcoin in those terms. So you have this split going on, which is very exciting. So it just continues on and on. And you cannot, how could you not be interested in it? I think the people who were into it earlier and just walked away just never got it from the beginning. Once it's characterized as an asset class, we have nothing to do except position ourselves in this asset class. Either we are going to be a small position or a big position, but we cannot ignore it. We cannot not have a position. Now check this out. So even 1 % of that multi -hundred trillion dollar funds available moves the needle on Bitcoin and it moves it up considerably. He's referencing the 700 trillion dollar plus total addressable market. And he continues, so if we get into the 5 to 10 % range, then you start to really see it raise ahead to the seven figure type predictions that people have been making, including myself, because Bitcoin is an asset class preach. And on the flip side, we have what we saw in the gold market, which is the ability to control the price discovery and manipulate the prices. It's real through the derivatives markets. So the price of gold has been lagging inflation for 20 years because the governments around the world don't like gold making their fiat money look bad. That's right. So they make it easy for the huge funds to manipulate the price of gold and to scalp it, to continuously skim profits off of gold, which is what they do almost every single day. You can watch it and see it. That's pretty clear. And they are very good at keeping the price of gold and silver down. There's something like for every ounce of silver, there's probably 50 ounces worth of derivatives floating in various exchanges around world that are used to keep the price of silver down because governments don't want gold to race ahead and draw capital out of their fiat money scam into gold. He's preaching. Now with Bitcoin, we have the ability to pull our private keys, which is not really available with gold. Technically people can take delivery of gold on these exchanges, but there has never been an organized attempt to do so. We tried to do it a few years ago with crash JP Morgan, buy gold and silver because after the 2008 financial crisis, when JP Morgan ended up buying Bear Stearns effectively for nothing, they inherited this huge multimillion short silver position that Bear Stearns was managing at the behest of presumably the government. The government likes to stay involved. And so I did some calculations and it became clear that if this short position was not covered, the price of silver could go to 60 to $70 an ounce, and it would bankrupt JP Morgan Chase. Take that Jamie Dimon. So we started this crash JP Morgan buy silver campaign, and we got the price of silver from $15 up to $50. So we got it up to $50 level. And then the Fed of course came in, they changed the laws overnight to make it possible for these banks to have and carry a much greater short position and silver. So they printed up a lot of paper, silver derivatives, and they stopped the run on their bank. And the price of silver went back down to $15 or so. So we've seen that it is possible to force capitulation in that silver market. But at the end of the day, because the ability to pull private keys is not like it is Bitcoin, I don't think it'll ever succeed. Whereas with Bitcoin, you can pull your private keys. Now, I mean, he is speaking facts right here. Warren Buffett and his own words has said, derivatives are financial weapons of mass destruction. The central bankers are using it to manipulate the markets. That's what they're doing with silver. That's what they're doing with gold and precious metals. And Max makes a great point. They don't want the gold and silver prices to rise up. It undermines the US dollar. They're trying to keep a strong dollar, right? So that's why gold has been pretty stable at like $2 ,000 and unable to really climb much above it. I think it's been pretty stagnant virtually for the past decade. So with the dollar inflating from them continuing to print trillions of dollars, the fact that gold isn't just continuously going up, it proves that the market is manipulated. You also got to consider as well, there is no scarce asset like Bitcoin. Bitcoin has a finite limited supply of 21 million coins. Yeah, gold may be rare or scarce, but they dump a new supply every year into the market. They can control it. They could invest more into discovering more gold. As Jack Mallers pointed out, Elon could maybe discover more gold on Mars. Who knows? Bitcoin, you can't say the same thing. Bitcoin is perfect money. It's incorruptible. It's unconfiscatable and the list goes on and on. So if you had the choice to put your wealth somewhere, what asset class would you choose to put it in? Let me know, fam. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
The Breakdown
A highlight from How Impactful Will FTX Estate Selling Be on Crypto Markets?
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Friday, September 15th, and today we are talking about how much pressure FTX selling will put on the crypto markets. 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 in the show notes or go to bit .ly slash breakdown pod. Hello friends, happy Friday. We have lots to catch up on today, starting with what has emerged as a key narrative. That is, of course, that FTX has been granted approval to begin selling their crypto assets. On Wednesday, the bankruptcy judge ratified the sale plan, which was filed in late August. Galaxy Digital has been appointed as the selling agent. At last count, FTX said it had $3 .4 billion worth of liquid crypto assets to sell. Galaxy has been authorized to sell $50 million worth of crypto this week and next week, then $100 million per week after that. Creditors can agree to increase this amount to $200 million per week on a temporary basis before seeking court approval. Galaxy has also been given permission to hedge their sales using Bitcoin and Ethereum derivatives without sizing limits and at their sole discretion. Staking of assets will also be allowed if Galaxy deems it necessary. During the hearing, the judge questioned the need to sell crypto rather than distribute it directly to customers. FTX lawyers explained that there was no meaningful segregation of customer assets and balances held didn't line up with customer accounts. They said, quote, it's all part of one pool. There are assets that are associated with the exchange we call the dot com customer pool and the US pool, but they don't necessarily match customer entitlements. So when we dispose of this, we'll be turning it into cash effectively and the cash will be available for distribution pursuant to the plan. Now, all parties appeared concerned with getting this liquidation moving quickly while also limiting the price impact on the portfolio. A lawyer representing the ad hoc creditors committee said, the sooner we can get this process rolling, the better. Now, the speculation all over Twitter has of course been that this would lead to incredible downward price pressure across the crypto markets with any asset that was being sold. However, Jeff Dorman, CIO of ARCA pushed back on notions that this liquidation will be an uncontrolled dump. Here's a summary of his Twitter thread. He pointed out that Galaxy Asset Management, not their trading desk won the bid. They must act as a fiduciary and sell gradually and opportunistically. He pointed out that Galaxy is receiving massive amounts of reverse inquiry already, some from real funds and some fishing expeditions, but over the counter sales will dominate the buying. In other words, we're less likely to see a lot of selling on exchanges or via TWOPS. As good bids come in, they will engage. Hedging, he points out, will be opportunistic, i .e. long puts to offset a large drop in the portfolio. And he points out that people thinking that Galaxy will rush to sell $3 billion in futures right away is crazy. The goal, he points out, is to outperform a static portfolio, not turn the estate into a long short fund. He reminds that Galaxy cannot front run the sales and profit internally, that that is very illegal and that their asset management business is completely walled off from their prop desk. Finally, he points out that this is not some half -baked plan. It involved months of working with the courts to win this business, and that the point of bankruptcies is to maximize the upside of the estate, not speed of distributions. In other words, this may be capped short -term gains due to opportunistic sales and to strength, but it is not a fire sale into weakness. Now getting even more granular, much of the speculation in recent weeks has specifically surrounded how sales of the hefty FTX Solana portfolio will impact that market. In their most recent accounting, FTX said they hold $1 .1 billion worth of Solana, which is able to be sold. That would be around 14 % of the current market cap. It was previously believed that much of this supply was staked and would be unlocked between 2025 and 2028, although the latest FTX filing threw this into question by lumping all of the Solana holdings in together. FundStrap published a report earlier this week detailing the FTX crypto holdings and claimed that less than $150 million worth of Solana is liquid and able to be sold off. Now, ultimately, no matter what people say, it's going to be very, very hard to get people away from the concern that this amount of selling will impact the market. Liquidity is incredibly thin right now, and probably the best that we can hope is that some of the negative price action over the last few weeks has been in anticipation of this and trying to front run it. But ultimately, the only way out is through, and so we just have to deal with this as the next thing we have to deal with. Now moving over to that other big exchange, two more Binance US executives have joined the exodus from that embattled company. The head of legal, Krishna Juvadi, and the chief risk officer, Sidney Majalia, are leaving the company according to WSJ sources. Juvadi was one of the firm's main contacts for communicating with the SEC, which is currently in active litigation with Binance. This makes three executives reported to be jumping ship from Binance US in less than a week. Remember on Tuesday, sources said that Binance US CEO Brian Schroeder had left his position. Now, Schroeder has not been active on social media since February, leading some to speculate on whether reporting was simply catching up on events that had quietly transpired much earlier. According to a company spokesperson, chief legal officer Norman Reed has stepped in as interim CEO. Bloomberg ETF analyst James Safart said the obvious thing when he tweeted, well, this cannot be a good sign for whatever is going on at Binance. On the flip side, crypto has at this point, I think, written off Binance US as a going concern. The Flow Horse writes, why does anyone care about Binance US employees leaving? They don't have a job to do. The exchange is a placeholder and no one uses it. Proof of Talent founder Rob Hayon writes, Binance US doing $9 million in 24 hour volume right now. At what point do they shutter the doors? Gotta be soon, right? Now, staying on the Binance train for a moment more, the SEC have accused Binance US of refusing to cooperate during the discovery process of their ongoing lawsuit. A court filing made on Thursday noted that only 220 documents had been produced by the exchange. Binance US had signed a consent order regarding the scope of discovery in June, but the SEC are claiming that many of the documents produced in accordance with that order, quote, consist of unintelligible screenshots and documents without dates or signatures. The SEC noted that Binance had refused to produce essential witnesses for depositions, including former CEO Brian Schroeder. Instead, they unilaterally limited the list of witnesses to just four employees. The SEC said that Binance US quote, has responded to requests for relevant communication with blanket objections and has refused to produce documents kept in the ordinary course of its business, claiming those documents do not exist only for the SEC to later receive such documents from other sources. Now the bulk of the SEC's filing related to SEFU, the wallet custody system at Binance US, which is provided by Binance International. The regulator called attention to contradictory statements about Binance's involvement in the management of US customer funds. They argued that the usage of SEFU violates the terms of a prior agreement that Binance US customer funds would not be diverted offshore. The heavily redacted filing also included information obtained by the SEC with the cooperation of a former Binance US auditor who has provided over 6 ,500 documents related to Binance's accounting. The SEC are treating the lack of disclosure of these documents from Binance US directly as evidence of a lack of transparency. Now continuing on the cleanup theme, three Eros Capital co -founders, Kyle Davies and Suzu have been slapped with a nine year ban from the regulated financial services industry in Singapore. The pair have been prohibited from taking part in the management of or being a major investor in any regulated firm involved in capital markets. Now MAS, the Monetary Authority of Singapore handed down the ban after concluding its investigation into the collapse of the once high flying Singapore based crypto fund. They found that 3AC had failed to notify the regulator of the appointment of a new fund manager, falsely claimed that this manager wasn't conducting regulated activities and failed to have in place appropriate risk management. MAS assistant managing director of policy payments and financial crime said in a statement, senior management of fund managers are required to implement robust risk management measures to protect the interests of investors. MAS takes a serious view of Mr. Zou and Mr. Davies flagrant disregard of MAS's regulatory requirements and dereliction of their directors duties. MAS will take action to weed out senior managers who commit such misconduct. Now, alongside spending much of the last year ignoring requests to engage with the 3AC bankruptcy process, Zou and Kyle launched a new offshore exchange based in the Seychelles. However, that crypto and bankruptcy claims marketplace was recently reprimanded by Dubai authorities for advertising within the emirate. They were issued a $2 .8 million fine, which big surprise remains unpaid. Moving on to yet another hanging chat on Wednesday, Digital Currency Group formally proposed their Creditor Agreement as part of the Genesis bankruptcy. The agreement seeks to refinance a $630 million intercompany loan owed by DCG, which fell due in May and remains unpaid. According to DCG, the plan could offer, quote, all unsecured creditors a 70 to 90 % recovery with a meaningful portion of the recovery in digital currencies. DCG claimed the repayment of loans over time using crypto would allow creditors to, quote, capture the appreciation of cryptocurrency up to $85 ,000 for Bitcoin and $8 ,500 for ETH. We'll come back to that in just a moment. DCG called the deal a, quote, remarkable outcome for any liquidating Chapter 11 case, let alone one in the volatile cryptocurrency industry. Now, the deal will, of course, require the agreement of creditors before moving forward. DCG have secured the consent of the unsecured creditors group. However, the major creditor, Gemini, have so far been silent on the deal. Gemini claims to be owed approximately $1 .1 billion in the bankruptcy on behalf of hundreds of thousands of their customers. The Gemini claim is in a much stronger position than unsecured creditors, as Genesis posted about 31 million GBTC shares as collateral when taking loans from Gemini customers. This collateral has appreciated significantly since the bankruptcy and represents about 60 % of the total balance owed to Gemini. DCG indeed claimed that Gemini customers could see an excess recovery of up to 110 % under the new agreement. They wrote in their filing, at current pricing, the Gemini user collateral is worth approximately 607 million. If Gemini agrees to provide 100 million to Gemini earned users under the proposed agreement as it previously did, or to distribute even a small portion of the Gemini user collateral to Gemini earned users, there would be little doubt Gemini earned users would receive a full recovery. DCG then contended that Gemini is failing to, quote, put its money where its mouth is. The filing stated that Gemini, quote, is not contributing a single penny to provide Gemini earned users a better recovery. Now, the crypto community was not as convinced as DCG made it out that this was a great deal. Lumina Wealth CEO Rama Lawalia writes, The deal between DCG and Genesis reeks of self -dealing at worst and incompetence at best. The deal presumes an $85 ,000 for Bitcoin and $8 ,500 for ETH. The defaulted party should make the creditors whole, not speculate yet again on a risky gamble on behalf of creditors. Creditors lent money expecting credit risk, not volatile equity -like risk. If DCG truly believes those numbers, they should ensure that outcome for creditors through an options contract. Genesis creditors should seek the removal of the Genesis CEO, who was conflicted in a party to the alleged fraudulent balance sheet statements, petition the judge to have a new trustee, pressure Genesis to focus on the turnover motion and resume litigation. What a mess. Now, speaking of Genesis, Genesis will also cease all trading services according to a company spokesperson. If you're surprised to hear that Genesis's trading services were continuing, you're not alone. Although the crypto lending arm of the firm declared bankruptcy in January, many other DCG subsidiaries which shared the Genesis branding continued to operate throughout this year. Earlier this month, the Genesis company which handles US -based over -the -counter trading announced it would be shutting down throughout September. At the time, it was believed that Genesis would continue providing offshore OTC trading from their British Virgin Island companies, but with this announcement, Genesis has signaled their exit from OTC and derivatives trading globally. A spokesperson for the firm said, this decision was made voluntarily and for business reasons. With this termination of services, Genesis no longer offers trading services through any of its business entities. Now, while this was highly expected, it still marks something of a big moment. Wayne Vaughn tweeted, the former largest OTC crypto trading desk is officially closed. Genesis announced today that they are no longer offering trading services through any of its business entities. Seems like a juggernaut falls with every cycle. In this cycle though, friends, I think we can agree that numerous juggernauts have fallen, but perhaps it is just to clear out the way for companies who will use that juggernaut status a little more responsibly. Anyways, friends, that is going to do it for today's episode. I appreciate you guys listening as always. Until next time, be safe and take care of each other.
The Hair Radio Show with Kerry Hines
Remembering Black Hair Care Pioneer Dr. Willie Morrow With Mary Reed-Johnson
"Am so excited to welcome back to the broadcast today. Our special incredible guest host, guest contributor. You guys know her from Hairhead Heart. Well, I am so excited to just to have her back to talk on this very particular topic that she does. It's really like a series that she does exclusively for us at the Hair Radio Morning Show. It's her 10 things you should know. So who gets the treatment today? It is a gentleman that we just recently lost. Of course, we're talking about the mega, mega superstar in the way of black hair care, Dr. Willie Morrow. So Mary Rhee Johnson, good morning and welcome back to the Hair Radio Morning Show. Absolutely glad to be here. It's always just exciting. I just appreciate you. Well, back at you. And we're going to find out all about what's new with you and Hairhead Heart coming up a bit later. So first, Mary, we just got to jump in. What on earth? Now, listen, I thought I knew just about everything about Dr. Willie Morrow. And just to tell you quickly, yeah, I had interviewed him like literally decades ago. We're talking over about, well, here's my age going out there, but about 20 something years ago, literally. And his daughter and I have been friends ever since. Cheryl Morrow has been an incredible beacon in my little life. And the fans, you guys have gotten to know her. She's been on the Hair Radio Morning Show many, many, many times. And that's her family and what they represent and what she represents. And she's carried the torch. I call her literally Hair Royalty. You'll always hear that. That's how I refer to her. Because to me, Dr. Morrow's the hair king. So I'm real excited. So I can't wait to hear what Mary Rhee Johnson has put together for us today. So Mary Rhee Johnson, take it away. All right. Well, number one, legends never die. So even though he's not physically here with us. We're starting at number 10, right, Mary? Yes. We're going to count meow. Yes. So this is number 10. Yes. In recognition of that, I'm going to say everybody's got to lay hands on CBS Sunday morning. There was just a small tribute to him. And I think that's him probably. Look at the July 17th, if you can find it. CBS Sunday morning. And you'll see a little bit about. Yeah. You can YouTube the guys out there. So yeah. Yeah. So I think that's always good. So that would be my number 10. But he had a lot of layers. So we're going to chop into some of those layers that Willie represented. And one of them ties into what you mentioned already about his daughter, Cheryl. So one of the things Willie had was a newspaper. And it was called the San Diego Monitor. And he actually ran it for many years. And then his daughter, Cheryl, took it over. So I think that's another interesting fact about Willie. Absolutely. In fact, the San Diego Monitor news that Cheryl does, she has taken over that, which has been incredible. And it's a great digital brand. I usually get the digital version online and read. Cheryl herself always has a unique way of looking at things. And she's been able to do some incredible things with this. And I kind of always think of her as kind of almost like the same as the story with Matt King Cole, and then you got Natalie and her success. That's what Cheryl has always put me in the mind for, lack of a better, different way to say it. But that's what she's always put me in the mind of, just someone who carries the beacon on from a very successful dad. So this is the type of thing. And you don't have to always come from royalty. I'll say fact number eight would be that he came from, now he had two children, but he came from a fairly large family by these standards. He was one of eight children. Yes. And yes, I did that. From, was he born out in California? Oh, no. He was from Alabama. Oh, okay. Yep. And his mother and father, excuse me, I'm going to say that they would be the next one, number seven, they were sharecroppers. And you know what a sharecropper is? Well, I definitely remember, wasn't the sharecropper the folks who, after slavery ended, maintained the land for people to have firearms and stuff like that? But tell us, yeah, tell us what your research revealed. Well, that is exactly, so his parents, like he created a legacy in royalty, but he didn't come from that is what I'm saying. But it doesn't matter. It's like if you are of sound mind and have intent to do better for the world around you, then you can. Like he didn't let anything stop him. Wow. Well, I'm just, yeah, I'm impressed with that. I really am. And to, you know, I have to say to hear so many incredible folks in the hair and beauty industry talk so lovingly of Dr. Morrow's commitment to the hair and beauty industry, and what he has done for so many, I'm raising my hand as well. He's always been someone that I have modeled my career and life after as well. And everybody I know, we all look up to Dr. Morrow, everybody I know in the hair business. So this has been, yeah, it's really big. Thank you, Mary, for doing this. This helps us to put his life into perspective. And we wanted to do that as a very special tribute on our broadcast.
The Breakdown
A highlight from The Senate Doesn't Seem to Care About Crypto Anymore
"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 Wednesday, September 13th, and today we are talking about news that Binance US CEO has left the company. 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 in the show notes or go to bit .ly slash breakdown pod. Well, friends, last night I had assumed that today's show would be some combination of Gary Gensler testifying before the Senate with maybe a little side of CPI. But then last night, new Binance news broke that had the whole community chattering. So that's where we're going to start. According to anonymous sources, Binance US CEO Brian Schroeder has left the company. Chief legal officer Norman Reed will step into the role on an interim basis. Alongside the resignation, Binance US announced internally that it will slash around one third of its workforce, laying off approximately 100 employees. This is the second round of layoffs for the US -based exchange as they dig in to fight legal battles against the SEC and the CFTC. Binance US said in a statement, Now, if you are paying attention, not even closely, just at all, you will know that this is the latest in a series of high -profile departures across the Binance empire. At least 11 executives have now resigned across all Binance companies. Three key personnel left on the same day in July, including front -facing Chief Strategy Officer Patrick Hillman, amid rumors of dissatisfaction with how Binance CEO CZ handled rumors of a DOJ investigation. Five more executives quit earlier this month, with the headline resignation coming from Leon Fung, the head of Asia -Pacific operations. In all cases, the resignations have been officially explained by a range of personal reasons, probably capstone by former compliance officer Steven Christie's extremely weird Twitter thread, which included the statement that, Now, the wide -ranging lawsuits against Binance have largely come home to roost for their US subsidiary. Both the SEC and CFTC cases include allegations that reach deep within the international Binance empire. However, regulators have been careful to focus their attention on Binance US to ensure that they have clear jurisdiction. A key focus of litigation so far has been the flow of funds between Binance US and the international organization. All of this means that the focus on the domestic exchange has led to the US subsidiary taking the brunt of the consequences so far. More acutely, Binance US was essentially cut off from all access to onshore banking, forcing them to operate as a crypto -only exchange. This shutdown of financial services has led to a dramatic collapse in trading volume. Binance US captured around 22 % of US market share in April, but this figure has now dropped below 1 % as traders quite reasonably flee to safer shores. Schroeder is now the third Binance US CEO to walk away from the role. Both Kathryn Coley and Brian Brooks, who earlier served as CEOs for the exchange, have provided extensive testimony to regulators and law enforcement. Schroeder joined the firm as president in September 2021, well into the company's claimed attempt to clean up their operations. One consequence of that could be that he has significantly less scandalous information on how the exchange functioned than other former executives. So what are the community's takes on this? Well, as you would expect, the anti -crypto folks are cheering. They see Binance as the next and perhaps ultimate shoe to drop. However, many folks in the industry, regardless of what they think of Binance, view it as a sad episode that shows just how problematic the SEC's approach really is. Wolf of All Street's host Scott Melker said, The SEC killed Binance US without proving a single thing, without due process. It simply took accusations to scare away customers and partners. This is the legacy of Gary Gensler. Another take which I resonate with strongly comes from folks like Byzantine General who wrote, I don't know why people are up in arms about this. I thought it was quite obvious already since the SEC lawsuit that Binance was just going to wind down operations of their US branch. It's so small and completely inconsequential to Binance anyway. Or more crisply from Icebergi, just closed down Binance US already. It has seemed untenable for quite some time and this only seems to reinforce that point of view. Now the other big generator of conversation was investor Adam Cochrane. He tweeted, I've been saying if Binance blows up, we'll be fine in no time. Got a tip that I've not yet been able to fully verify, but I would lean towards it being true on, and if it's true, it'll be a longer, more painful ride than I thought. Life behind bars would be the good outcome for CZ. I've sent that tip to some journalists I think can confirm if it's real and will keep folks updated if I get anything back. But in good faith I had to redact my will be fine stance and replace it with, we'll probably be okay unless this other part is real, in which case holy eff we're really going to zero and going to have to rebuild up again over time. Anyway, fun times in crypto. Now this certainly got people chattering, but not always in a good way. Zero Knowledge consulting partner and founder Austin Campbell quote tweeted it and said, If you have a financial interest in an outcome and post that you have a rumor without saying what the rumor is, you are part of the problem in this space. This would have been prohibited conduct in most regulated markets. I certainly would have gotten in trouble for this at JPM. Now, interestingly, however, 4Lex4Shaw had a different take. They wrote, It's all so tiresome. Binance had the support of dozens of governments from Singapore to UAE to every corner of the global south, and Tether too. The U .S. can't cut the UAE, Caymans, Bahamas, and Singapore out of Eurodollar markets, so it can't de -dollarize Binance. Any successful prosecution of Binance has to cut off Binance's access to USDT, cut Binance off from access to UAE, Singapore, etc., Eurodollars, or prove beyond a shadow of a doubt a huge hole in Binance's balance sheet, i .e. accounting fraud. Everything else is just low -budget theater. If the U .S. can accomplish one of those things, Binance is dead. If the U .S. can't, CZ doesn't have to give a crap about what the U .S. government says, indicts, or cajoles. The latter possibility breaks a lot of people's brains, but I don't make the rules. The interesting take here is, of course, that in many ways the Tether and Binance stuff going on is kind of just a proxy war for the U .S. about the U .S. government trying to exert sovereignty over the Eurodollar market that they simply don't control. I think it's a really interesting lens through which to look at these prosecution efforts, as well as questions around USD stablecoins. Anyways, who knows what happens next with Binance, but it continues to be the biggest open question in the entire space. Now, moving back over more officially to the U .S. government side of things, SEC Chair Gary Gensler appeared before the Senate Banking Committee on Thursday at a routine oversight hearing. Now, coming into the hearing, Gensler reinforced his well -worn position on crypto and written testimony. He stated that, quote, Given this industry's wide -ranging noncompliance with the securities laws, it's not surprising that we've seen many problems in these markets. We've seen this story before. It's reminiscent of what we had in the 1920s before the federal securities laws were put in place. Brushing off the recent Ripple decision, Gensler asserted that, quote, The vast majority of crypto tokens likely meet the investment contract test. Given that most crypto tokens are subject to the securities laws, it follows that most crypto intermediaries have to comply with securities laws as well. Now, the hearing itself was kicked off by opening statements from Chairman Sherrod Brown. As the leading Democrat dealing with financial issues, any crypto legislation being moved forward in the near future would likely require Brown's seal of approval to become law. Judging from his comments about the state of the industry, that seems unlikely. Brown said, quote, The FTX collapse showed how dangerous crypto can be. But FTX wasn't a lone bad apple. It was just the most explosive example of the problems in crypto. The problems we saw at FTX are everywhere in crypto. The failure to provide real disclosure, the conflicts of interest, the risky bets with customer money that was supposed to be safe. FTX was just the biggest and the ugliest. For consumers, it adds up to billions of dollars gone. Bad actors keep flocking to crypto. They use it to launder money, to evade sanctions, to fund crime and human trafficking and terrorism. We need to protect workers and families in these markets. We need to clean up the scams and fraud. As Congress considers digital asset legislation, I'm glad the SEC is using its tool to crack down on abuse and enforce the law. Now, of course, a casual observer might suggest that 1. FTX was distinct, given that its former CEO is on trial for perpetrating fraud against his company, investors, partners and the public at large. And an observer might note that the SEC didn't use its tools to do anything about that or any of the other big examples of actual fraud and problems happening. Instead, it's wrote in after the fact to win settlements against projects too small to defend themselves and chalk it up as victories, which might, to some, be seen as much more politically motivated than actually driven by consumer protection. But that's just one take. Now, ranking Republican member Tim Scott used his opening comments to drag Gensler for his lack of engagement with congressional oversight. Scott noted that the Senate hasn't heard from Gensler since last September, despite the FTX collapse and several bank failures occurring in the interim. He said, complete and timely attention to congressional inquiries is critical to ensuring independent agencies remain transparent and accountable to the American people. Yet, sadly, your agency has fallen short in this obligation to be transparent and responsive to congressional oversight. Without pro -growth regulations, we are limiting opportunities for our kids and our kids' kids from being able to take control of their own financial futures. The American people have a right to know what their government is doing, and your agency's blatant refusal to respond to our constitutionally mandated oversight represents a dereliction of your duties to the American people. And yet, still, when all was said and done, the most striking thing about the hearing was just how much crypto had faded as a front -of -mind issue in Congress. Gensler didn't mention crypto at all in his brief oral testimony, and lawmakers had numerous more pressing concerns to discuss. Based on the questions, climate reporting rules and AI use and financial services ranked as much higher priority than crypto enforcement, even for previously fervent Democrats. We didn't even get the customary anti -crypto soundbite from Senator Elizabeth Warren, who instead used her time to rail against a perceived lack of toughness in new private equity disclosure rules. The crypto discussion, to the extent there was any, touched on pending crypto ETFs. Senator Bill Hagerty brought up the point that the SEC's rejection of the Grayscale Bitcoin Trust had been labeled arbitrary and capricious by a federal judge. He asked what the SEC would need to see in order to approve a spot Bitcoin ETF, to which Gensler responded that the agency is, quote, "...still reviewing that decision and reviewing multiple filings around Bitcoin ETPs. I'm looking forward to staff's recommendations." Now, on top of some of those specifics, many GOP senators had more general criticisms for how Gensler's SEC had conducted itself. Senator Steve Daines, for example, complained that the SEC has frequently overreached its mandate in attempts to expand its jurisdiction. He suggested that 80 % of the SEC's rulemaking efforts under Gensler were not required by legislation. Daines said, "...this means that the vast majority of the agency's rulemaking agenda has been voluntarily undertaken. Chairman Gensler, you are not an elected official that is beholden to your constituents. You are an unelected bureaucrat who has taken it upon himself to reshape American markets to your liking, to the detriment of innovation, of investors, and small businesses." What's more, it seems like many in the Washington establishment are not just concerned about Gensler when it comes to the crypto markets. Earlier this week, for example, the Wall Street Journal published an op -ed article penned by former U .S. Attorney General Bill Barr. Specifically, the article warned of Gensler encroachment into regulating the use of AI. But Barr was scathing in his attack of Gensler's leadership at the SEC more broadly. He wrote, "...this is only the latest example of Mr. Gensler's grandiose regulatory style. He takes on airy theoretical issues and attacks them with broad prophylactic regulations that are long on speculation and paternalism, short on evidence and rational analysis, and heedless of Congress and the Constitution. He claims these measures will head off speculative evils, but they are more likely to throttle the dynamism of U .S. markets." So how are we to sum this all up and make sense of it? To me, this was very clearly the first hearing of the next election cycle. Crypto is now an afterthought for Congress. Or maybe better put, it is an exhibit and an example of a broader narrative which is around SEC overreach. It seems fairly clear that people aren't that interested in getting regulation done for the industry and even on the GOP side are more interested in defeating a broader political agenda embodied by Gensler. The big themes were agency overreach, major questions doctrine, and the role of unelected bureaucrats, not crypto per se. But to the extent that anyone is looking for good news as relates to the election cycle, as finance lawyer at Davis Polk Scott Johnson pointed out, for those keeping count, Senator Sherrod Brown's odds are about 60 % chance to lose his seat next year as of now. Change isn't always necessarily good, but it certainly opens up new possibilities. But gear up, because we are definitely in the election part of the cycle. Thanks as always for listening, and until next time, be safe and take care of each other.
Stuff You Should Know
A highlight from Short Stuff: History of OK
"You know, there are some things in life you just can't trust, like a free couch on the side of the road, or the sushi rolls from your local gas station, or when your kid says they don't need the bathroom before the road trip. But there are some things in life you can trust, like the HP Smart Tank Printer. With up to two years of ink included and outstanding print quality, you can rely on the HP Smart Tank Printer from HP, America's most trusted printer brand. Hey, and welcome to The Short Stuff. I'm Josh, and there's Chuck and Jerry's here, too, standing in for Dave, and that makes The Short Stuff OK. Thanks to Dave Ruse and howstuffworks .com and Grammarly for this, because we're talking about OK, which some people say is one of the most versatile and one of the greatest words in the English language. And I don't disagree. I don't either. I say like more, but I think OK is probably second in my vocabulary. Yeah, absolutely. Grammarly will tell you that OK can be used in myriad ways, and it's a very versatile word. It can be used as an adjective. Oh, that's OK. Yeah, that's just OK. Like how was it? Eh, OK. Right, exactly. It can be an interjection. OK. OK, let's talk. Or someone's talking too much, OK, OK, right? Yeah. It can be used in the verb sense, like give me an example. That guy's really OK -ing that boat all over the lake. OK, that's not right. More like it's being OK -ed as we speak. Oh, good, yes, thank you. All right. Or it can be used in the noun sense. You want to try that one? I'm having an OK for breakfast. Nope. We got the OK. It's all good. Ugh. I know, so boring. OK. No, it's not boring. I'm just disgusted with myself. So very versatile word, and the origin of OK, I don't even think we should go over all what kind of dumb ideas people have had, because we're pretty sure we know where it came from, right? Oh, OK. See? OK. So, yeah, we know where it came from, almost certainly, thanks to an etymologist named Alan Walker Reed, who at some point apparently put down his insects in his lab and started researching origins, I don't know why. But Reed was working back in the 1960s, and he essentially, through really hardcore, old -timey, pre -internet research, traced back the origin of OK, the letter O and the letter K, and the meaning of it as we understand it. And it's got one heck of a rump -slappin' origin, if you ask me. Yeah, he also had a newsletter called Stuff You Should Know that ran for 15 years, but he only put out four topics, because it took him so long. Yeah, took a while. But this is the 60s even. That joke was not OK. It was OK. It was OK. So what he found out is the following. In the early 19th century, when printing was sort of a new, sort of, not new, but it was cheaper to do than it had been previously, and there was an explosion of printing. And one of the things that people started putting out were something on the penny press, like these, sort of, rags that had a little bit of news to them, but also some opinion stuff, some jokes, this is what's trending, this is a little witty poem, you know, just little things like that. Dave kind of likens it to the internet of the 1830s. And there was a lot of back and forth about this stuff through the editors of these penny papers. I guess they would, they would sort of respond to one another through their own penny papers. Yeah, they would trash talk one another, kind of like how our old stale rivalry with John Strickland. Oh, gosh. Kind of like that, right? So there was that trash talking or that joking, in -joking back and forth between editors of these penny papers coincided with a trend that Reed called a craze in, starting in the summer of 1838, that's how good this guy's research was, he pinned it down to that, starting in Boston, that people started using abbreviations for everything. It was like they thought that was so hilarious in 1830s Boston. Yeah, which is funny, like you think, you might think now is so over abbreviated, like this point in time with texting in the internet, with LOLs, and like I don't even know what half of them mean, I feel like. LOL means lots of love. Lots of love, okay, that's what I thought. But the craze started back then, and here's just a few examples that Dave dug up.
Coin Stories with Natalie Brunell
A highlight from News Block: Grayscale Victory, ETF Delays, Binance Troubles, Cost to Own Home Skyrockets
"Welcome to the CoinStories news block. I'm Nathalie Brunel and in the span of just 10 minutes, roughly the same time it takes to mine a new Bitcoin block, I'll provide you with concise, insightful updates on Bitcoin and the global financial landscape so you're well informed on the week's top stories. Everything you need to know, in one place, in one block. Let's go. The biggest news of the last week came out of Washington, D .C., when the U .S. Court of Appeals sided with Grayscale in its battle against the SEC. This case is all about potentially converting the Grayscale Bitcoin trust into a Bitcoin spot ETF. Better known for its ticker GBTC, the Grayscale Bitcoin trust is the world's largest Bitcoin investment fund. Today, it holds more than 600 ,000 Bitcoin, around 3 % of Bitcoin's circulating supply. Last Tuesday, the court ruled that the SEC was wrong in its decision to deny Grayscale's ETF application. An ETF, or Exchange Traded Fund, is similar to a stock. It trades on a stock exchange, but it tracks an asset or collection of assets like stocks, bonds or commodities. A spot Bitcoin ETF would make buying Bitcoin as easy as buying shares of a company. If you recall, the SEC approved multiple Bitcoin futures ETFs back in 2021, so the regulators' denial of Grayscale's spot ETF conversion confused a lot of people. Bitcoin futures ETFs allow investors to invest in paper Bitcoin contracts that settle in dollars. No actual Bitcoin is bought in the process. In the case of a spot Bitcoin ETF, a fund would have to buy and hold actual Bitcoin, and the performance of the ETF would be directly tied to the underlying asset. When the SEC denied Grayscale's spot Bitcoin ETF application, regulators argued it didn't meet investor protection standards and was prone to market manipulation. Grayscale sued, essentially saying, hey, if you're worried about market manipulation with a spot ETF, shouldn't you also be worried about manipulation with a futures ETF that tracks the same underlying Bitcoin? If so, then why did you approve one and not the other? Well, the court agreed with Grayscale. The judges called out the SEC, stating that the agency's denial was arbitrary and capricious and fell short of the standard for reasoned decision making. So where does that leave things? Well, the SEC has 45 days to decide whether or not to challenge this ruling. If regulators choose not to appeal, then we could see a spot Bitcoin ETF hit the market sooner than we thought. But the ball is in the SEC's court. The SEC can come up with a different argument for denying Grayscale's conversion, or they can agree with the court's ruling but instead choose to remove the futures ETFs. This seems unlikely given their size and popularity. So although this ruling doesn't necessarily mean that GBTC will be converted into a spot Bitcoin ETF, it certainly does increase the odds. Bloomberg ETF analysts Eric Belkounis and James Saifert have increased their odds of a spot Bitcoin ETF approval this year to 75 % in the wake of the Grayscale victory. On CNBC, former SEC chair Jay Clayton said that an approval of a spot Bitcoin ETF is inevitable. As you may know, Grayscale isn't the only player in town vying for a spot Bitcoin ETF. Large institutions like BlackRock, Fidelity, ARK Invest and Invesco are all waiting for their spot Bitcoin ETF applications to get approved by the SEC as well. We got an update last Friday when the SEC announced that it will delay making any decision on all of these ETF applications until at least mid -October. A spot Bitcoin ETF approval would mark a milestone for the industry. Not only would it be a signal of approval from regulators, but it would also make it easier than ever before for investors to gain exposure to Bitcoin, potentially bringing in a flood of new demand. Michael Saylor tweeted the approval of a spot BTC ETF will mark a crucial inflection point in the history of Bitcoin adoption. Whereas some investors appear optimistic about a potential ETF approval, others are taking a different stance. Investors podcast host Preston Pish tweeted, What Preston may be alluding to here is that Binance is still very much a looming shadow over the industry. If the SEC's main concern revolves around market manipulation, then perhaps it won't be approving any ETFs until Binance's market share of trading volume takes a serious dip. For perspective, Binance isn't just big, it's massive. Recent data shows that as of the end of July, Binance accounted for nearly half of all Bitcoin trading volume. Half. This doesn't bode well for the ETF chances given that Binance was recently accused of market manipulation and fraud in a recent SEC lawsuit. On top of that, Binance is currently under investigation by the Department of Justice in connection with potential money laundering and sanctions violations. Now here's where things got super interesting last week. The SEC took the uncommon step of filing sealed documents in its lawsuit against Binance. Filing a court document under seal means the SEC wants to keep sensitive information from going public. Former SEC chair John Reed Stark tweeted that the SEC would only take this action for two reasons. One, it doesn't want to interfere with an ongoing DOJ investigation. And two, it wants to protect companies or individuals involved with the investigation. This sealed motion raised eyebrows given that it hints that the SEC has submitted potentially incriminating evidence against Binance related to the DOJ's investigation. The developments surrounding Binance will continue to unfold. Whether or not the SEC will wait until there's some resolution there before approving a spot Bitcoin ETF is purely speculation right now. But given the serious charges of market manipulation against Binance, if more trading volume flowed away from Binance and into more regulated exchanges, it would likely help ease some of the SEC's concerns and potentially lead to a spot ETF approval. All of this uncertainty with Binance only reinforces how important it is to learn how to take self -custody of your Bitcoin. The whole point of Bitcoin is that you don't have to trust any exchange or third party to own it. The best time to take self -custody of your Bitcoin was yesterday. The second best time is today. As regulators and investors remain focused on Bitcoin ETFs and the activities of crypto exchanges, more and more Bitcoin miners are coming online, causing Bitcoin's hash rate to grow relentlessly in 2023. The hash rate refers to the amount of computational power being used to process Bitcoin transactions. And recently it surpassed 400 exahash per second for the first time in history, up over 50 % just this year. If you took all the computational power of Amazon, Google and Meta combined, you still wouldn't come close to this figure. It means that more energy is being used to secure the Bitcoin network than ever before. So where is the hash rate coming from? A recent mining report from Galaxy Research suggests a majority is coming from miners outside the United States. This theory is supported by recent news that the oil -producing country of Oman is investing more than a billion dollars in Bitcoin mining facilities. Oman government officials stated that these mining facilities will be used to make its stranded gas flares profitable to help develop new hydropower projects and to stabilize its electrical grid. Oman joins other nation states like Bhutan and El Salvador, which have also publicly announced their investment in Bitcoin mining. Finally this week, as Bitcoin's hash rate is going up, U .S. home affordability is in a freefall. The U .S. average 30 -year mortgage rate recently touched 7 .5%, the highest in 25 years. That rapid climb, a direct result of the Federal Reserve hiking interest rates at one of the fastest paces in history. According to the Cabeza letter, the monthly cost to own a home is up 90 % since 2020, and the median income earner is now spending 40 % of their monthly take -home pay on mortgage payments. That's the highest in history. This is a topic I discussed more in depth on my latest Coin Stories episode with Danielle DiMartino Booth. And to take it one step further, property taxes, homeowners insurance, and the cost of materials for maintenance have all increased as well due to inflation. This nasty combination has moved U .S. housing affordability to the lowest level in nearly four decades. And to make matters worse, according to recent data from the U .S. Census Bureau, more than 40 % of U .S. homes are owned by someone who does not live there. This means wealthy individuals that bought second homes or turned their property into Airbnbs, and large institutions like BlackRock that have been buying up whole neighborhoods for investment purposes. Real estate has now become the primary way investors save because the dollar doesn't hold its value over time. This drives up real estate prices, making the dream of owning a home more and more unattainable for families. What was once a staple of the American dream has grown almost completely out of reach, especially for younger generations. This is why so many are turning to investing in Bitcoin as a form of digital property, one with no maintenance or upkeep costs that you can carry with you wherever you go. And unlike a home, you can buy just a fraction of a Bitcoin to start saving for your future today. That's it for the News Block, your weekly Bitcoin and economic news update. I'm Natalie Brunell. Make sure you're subscribed to Coin Stories so you never miss an episode. Until next time, keep stacking.
The Breakdown
A highlight from What's Going On with the SEC's Sealed Binance Filings?
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Wednesday, August 30th, and today we are talking about everything that happened yesterday that wasn't the SEC in Grayscale. Before we dive 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 in the show notes or go to bit .ly slash breakdown pod. Well, friends, yesterday was obviously a huge day, one of the bigger ones we've had for a while, so much so that I had to scrap a planned show and record all about Grayscale defeating the SEC in their lawsuit. I don't have too many updates on that front today other than a return to this question of to what extent this means that a Bitcoin spot ETF is more likely to occur. There were many who cautioned yesterday that just because the SEC is now forced to reconsider Grayscale, it doesn't mean that they are being forced to approve a spot Bitcoin ETF. However, the ETF analysts at Bloomberg certainly think that this was a big deal. Eric Balcunas writes, So there you have it, clearly a pretty big deal, although again, nothing is guaranteed particularly with this SEC. Now still, as I said, quietly a ton of other things were happening in and around the jubilation around this news. Travis Cling summed up at least part of it, saying, So let's start with that. In the wee hours of Monday night, a curious filing was made to the court docket in the SEC's lawsuit against Binance. The SEC filed a sealed motion along with 35 exhibits and a proposed order. Now, documents can be filed under seal for a range of reasons. This allows information that is sensitive or confidential to be submitted to the court without disclosing the contents publicly. The motion and proposed orders are almost certainly a request to file under seal, so the big question is what the huge amount of exhibits related to. Once discovered, the secret filing set minds racing across crypto Twitter. John Reed Stark, a former chief of the SEC's Internet Enforcement Division and someone who has effectively remade his second career hating crypto publicly over the last year, explained that Filing any court document under seal is a rare move by the SEC. It's in the public interest to know and understand the SEC's use of US tax dollars and the US SEC wants its messages heard loud and clear to deter future securities violations. Stark offered two possible explanations. That the SEC were using information from a simultaneous DOJ investigation and wary of interfering with that process or that the SEC were concerned with putting another company or witness at risk. He did note, however, that the second explanation usually involves redacted filings rather than a complete seal. Stark said that the move was so unusual that during his 20 years at the agency, including frequent joint operations with the DOJ, he quote, can't recall ever seeking to file a motion or any other court document under seal. He explained that the big tell will be whether Binance objects to the documents being filed under seal. If they don't, then the documents clearly related to something Binance would rather not to be known to the public. If they do, then it's more likely the documents are being sealed to protect someone providing evidence against Binance. So pretty dramatic cloak and dagger stuff, right? Well, some other commentators had more mundane explanations. Lawyer Clayton wrote, The last filing was discovery dispute, so more of the same if I had to guess. Something along the lines of a motion to compel responses, production depots, and sealed because exhibits contain AEO materials. BAM says they've given us all docs related to X, but the email in Example F references other responsive docs that exist, etc. can be easy to rack up exhibits and discovery motions. Commercial litigator Joe Carlosare writes, In SEC versus Binance, Binance agreed to provide a written accounting by August 1, 2023, pursuant to the consent order that they agreed to with the goal of avoiding a TRO hearing when the case was filed. Binance failed to meet that deadline and sought an extension to August 7, 2023. An accounting was supposedly tender on this date, but the SEC claims it is not sufficient to ensure customer assets are secure. On August 14, 2023, Binance filed a motion for a protective order seeking, among other things, an order blocking the SEC from deposing CZ. This order concludes as follows, Although it has expressed its concerns otherwise, the SEC has still yet to identify any evidence suggesting that customer assets were misused or dissipated in any way.
The Breakdown
A highlight from What's Going On with the SEC's Sealed Binance Filings?
"Welcome back to The Breakdown with me and LW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Wednesday, August 30th, and today we are talking about everything that happened yesterday that wasn't the SEC in Grayscale. Before we dive 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 in the show notes or go to bit .ly slash breakdown pod. Well, friends, yesterday was obviously a huge day, one of the bigger ones we've had for a while, so much so that I had to scrap a planned show and record all about Grayscale defeating the SEC in their lawsuit. I don't have too many updates on that front today other than a return to this question of to what extent this means that a Bitcoin spot ETF is more likely to occur. There were many who cautioned yesterday that just because the SEC is now forced to reconsider Grayscale, it doesn't mean that they are being forced to approve a spot Bitcoin ETF. However, the ETF analysts at Bloomberg certainly think that this was a big deal. Eric Balcunas writes, So there you have it, clearly a pretty big deal, although again, nothing is guaranteed particularly with this SEC. Now still, as I said, quietly a ton of other things were happening in and around the jubilation around this news. Travis Cling summed up at least part of it, saying, So let's start with that. In the wee hours of Monday night, a curious filing was made to the court docket in the SEC's lawsuit against Binance. The SEC filed a sealed motion along with 35 exhibits and a proposed order. Now, documents can be filed under seal for a range of reasons. This allows information that is sensitive or confidential to be submitted to the court without disclosing the contents publicly. The motion and proposed orders are almost certainly a request to file under seal, so the big question is what the huge amount of exhibits related to. Once discovered, the secret filing set minds racing across crypto Twitter. John Reed Stark, a former chief of the SEC's Internet Enforcement Division and someone who has effectively remade his second career hating crypto publicly over the last year, explained that Filing any court document under seal is a rare move by the SEC. It's in the public interest to know and understand the SEC's use of US tax dollars and the US SEC wants its messages heard loud and clear to deter future securities violations. Stark offered two possible explanations. That the SEC were using information from a simultaneous DOJ investigation and wary of interfering with that process or that the SEC were concerned with putting another company or witness at risk. He did note, however, that the second explanation usually involves redacted filings rather than a complete seal. Stark said that the move was so unusual that during his 20 years at the agency, including frequent joint operations with the DOJ, he quote, can't recall ever seeking to file a motion or any other court document under seal. He explained that the big tell will be whether Binance objects to the documents being filed under seal. If they don't, then the documents clearly related to something Binance would rather not to be known to the public. If they do, then it's more likely the documents are being sealed to protect someone providing evidence against Binance. So pretty dramatic cloak and dagger stuff, right? Well, some other commentators had more mundane explanations. Lawyer Clayton wrote, The last filing was discovery dispute, so more of the same if I had to guess. Something along the lines of a motion to compel responses, production depots, and sealed because exhibits contain AEO materials. BAM says they've given us all docs related to X, but the email in Example F references other responsive docs that exist, etc. can be easy to rack up exhibits and discovery motions. Commercial litigator Joe Carlosare writes, In SEC versus Binance, Binance agreed to provide a written accounting by August 1, 2023, pursuant to the consent order that they agreed to with the goal of avoiding a TRO hearing when the case was filed. Binance failed to meet that deadline and sought an extension to August 7, 2023. An accounting was supposedly tender on this date, but the SEC claims it is not sufficient to ensure customer assets are secure. On August 14, 2023, Binance filed a motion for a protective order seeking, among other things, an order blocking the SEC from deposing CZ. This order concludes as follows, Although it has expressed its concerns otherwise, the SEC has still yet to identify any evidence suggesting that customer assets were misused or dissipated in any way.
Stuff You Should Know
A highlight from Plant Migration
"Elevate your travels with the Citi Advantage Executive Card, the only card with Admiral's Club membership. Earn advantage miles and loyalty points on your purchases, plus premium benefits that take your trips above and beyond expectations. Visit Citi .com slash executive for a bonus miles offer. Travel on! This message comes from Stuff You Should Know sponsor MassMutual. Talking about your future can be uncomfortable. Whether it's about how expensive college is going to be for your children, or realizing how much you need to save for retirement, or figuring out how to plan for the unexpected, or anything to do with life insurance. It can be overwhelming, but you don't have to do it alone. MassMutual can help you plan for all the important moments in life, so you can protect all the important people in your life. Talk to MassMutual today. Feel comfortable about tomorrow. Welcome to Stuff You Should Know, a production of iHeartRadio. Hey, and welcome to the podcast. I'm Josh, and there's Chuck, and Jerry's here too, and this is Stuff You Should Know, the We're All Melting Edition. Yeah, I'm just a, just a migrating fern. Oh, that's a good one to be. Blowing through the forest, looking for a new home. Sure. I'm a spore. What happens when you get there, spore? Well, I'll probably grow into a beautiful new fern, because ferns are pretty hardy. That's awesome, and I'll bet you'll contribute to society in all sorts of beneficial ways that ferns that were already there couldn't necessarily do. I hope so. There is fern stuff in here, and I have a wonderful fern scene at my camp. On the other side of the feeder creek that goes into the main creek, I call it, I even have a sign that says Fern Forest, and it's a forest of ferns. It's quite lovely. God knows where they're from, because those things can travel quite a bit, as we'll see. Yeah, they could be from, from, from Alabama. Easily. I'm not kidding. Easily, man. I've got a stat that's gonna blow your mind in a second. Oh, boy. Actually, I'll just bust it out now. You ready? Yeah, yeah. How far can a fern travel? A fern can travel, the Tasmanian tree fern in particular, can send its spores 500 to 800 kilometers. That's 300 to 500 miles from the mother plant. And, get this, a single frond, a frond, produces more than 750 million of those spores. So you can understand that ferns, I mean, you find ferns everywhere. They're really hardy. They can actually survive cold, colder temperatures than you would think. They also thrive in the tropics. They're like a really great pioneer plant. They usually are among the first large plants that show up in a, like, a newly cleared part of Earth, right? This all makes sense then. Okay, so what we're talking about then is that those ferns that showed up in this new place and said, hey, let's get this, let's get this biosphere going again. Let's get this biome back into shape after this wildfire or something like that. Or there was like a stampede because there was a really great ice cream truck that drove through one of those two. Those ferns have migrated. They came from Tasmania, apparently, all the way to wherever the ice cream truck was, and now they're there. And so they actually moved in that sense, which is really surprising because plants are what are known as sessile organisms. They don't move from place to place individually as organisms, but as a species, they can actually move around like inchworms. Pretty, pretty good. Yeah, it's pretty cool. I didn't really know much about this. We're talking about plant migration and the idea, well, not idea, the very real fact that just like humans and animals will go to more hospitable climbs as the climate may change or just, I don't know, just to seek a better place to be. Plants and trees and things on mass do the same thing. Yeah, and there's all sorts of ways that they do that, too. So they do it by dispersing their seeds or their spores in that case, fern spores or single -celled organisms. They're not like a seed technically, but they do the same thing, right? They show up in a place and set up shop and they start rocking out. Yeah, that's right. And ferns, you know, it depends and we'll get all into this stuff, but how fast this happens depends on different factors. How far these plants can migrate depends on different factors. Why this is happening is generally climate change and plants and trees and things are generally moving north or up in elevation if they hit mountains. Or south in the southern hemisphere. Exactly. So this is sort of the general pattern. And we mentioned ferns because, like you said, those spores can really haul. Ferns also mature very quickly and, you know, the wind can just, that's why I got a fern forest at my camp, probably. Yeah, so they check both of the boxes that you need to be a fast migrating plant species. They produce seeds or spores at a very young age and their seed or spore can travel very far distances, right? Right. So they can move around. And also it doesn't hurt that, like I said, ferns are adaptable. The trees and other plants don't move quite so fast, but they move, especially if you look at the fossil record, a lot faster than they actually should. So if you pay attention to a single organism, say an oak, those acorns don't travel terribly far. They may get a little further away from the drip line if a squirrel happens to bury it somewhere and a new oak tree grows. I think it was Anders Sandberg who described acorns as solar powered factories for producing more oak trees. Whoa, whoa, Andy Sandberg said that? No, Anders Sandberg. Oh, OK. He's a philosopher at Oxford. That makes a lot more sense. Yeah, yeah. Andy Sandberg, he ate his lime accidentally in his Corona bottle. That's what he's got. You know who he's married to? Uh, Patricia Arquette. No, it's not a bad guess. You've been guessing Patricia Arquette for a lot of things lately, I feel like. Have I? He's married to, yeah, I feel like that's come up before recently, maybe, I don't know. Her name just rolls off the tongue. I know, a big fan of hers. He is married to, what's her name, Joanna Newsome, the singer and harpist. Oh, neat. And if you like, if you're into architecture and homes, you should seek out, I don't know if it was Architectural Digest or something, but someone did a spread on their home and it is really something else. OK, so that's Andy Sandberg hour that we just checked out. A quick detour. Wait, wait, I wasn't done. Oh, no, go ahead. So if you look at an individual tree, an oak tree, those acorns don't go particularly far away from the tree, as the old saying goes. But the fact that they do fall away from the tree means that very slowly, some of those seedlings are going to grow up a little more northward or a little more southward than its mother plant. And very, very slowly, the whole group of oaks can move southward or northward, right? Over hundreds and thousands and tens of thousands of years. So long. The thing is, if you look at the fossil record, they move way faster than that, than they should. And there is actually a paradox that was named by a guy named Clement Reed, right? Reed's paradox. Yeah, he's got a great, great title for it. Of Rapid Plant Migration. That's the full title. It sounds almost like snake oil from the 19th century. Yeah, it kind of does. So what is it? Oh, OK, I didn't ever set me up. We're still tight after all these years. For sure. So what he found from the fossil record, like you were talking about, and as we'll see, that's one pretty good way to study this stuff, especially pollen fossils, right? Yeah, because they're so hardy. Yeah, so he saw that trees were migrating a lot faster than the rate that you would think. And so those oaks, I think, was one example you gave on the British Isles after the last glacial period over a span of like 10 ,000 years or so. They traveled about 600 miles and it would normally take about a million years. If the seeds were just dispersed in a typical way. But what he figured was that what may be happening here is like some weird weather event happens that sent things much farther than usual or like some deer or something eats something and then poops out something really far away from where it started. And so all of a sudden this animal has spread it via their poo poo. Right, and this is how like large scale migration happens or I should say rapid migration over long distances, right? Right, yeah. It's the unusual, not just the acorn falling and hitting the ground, it's not just gravity assisted, it's animal assisted, which is called zucory or it's wind assisted, which is called anemocory or water assisted, which is called hydrocory. And that's just the way that some plants disperse their seeds. That's kind of on top of the normal way they disperse it, which is just dropping it from their leaves or the spores blowing on the wind, which I guess is one type of cori. So like if a squirrel loaded up its mouth full of things and somehow found its way into your camper as you set off for Arizona. That would be a freak event, sure. It probably wouldn't be en masse, but you know, that's a way a tree could move. All it takes is that one oak to make it, to just survive, and then it starts its own new part of the range. Yeah, absolutely. And we all should point out, when was Reid doing this? This is a while ago, like 100 plus years ago, right? Yeah, he was a geologist, I don't know if we said, but Reid's paradox of rapid plant migration came out in 1899 and it was a smash hit. Yeah, so people, I mean, for at least that long, science has been sort of curious about this migration happening at a rate that they would not expect. Right. The thing is, is it's really hard when you throw in the X factor to calculate how fast an actual species can migrate. And there's a few ways that you can study that kind of thing. One, as you said, is studying the fossil record, which is super helpful. But it's not showing you what's going on contemporaneously or within the last couple decades. This is 10 ,000, a million years ago, something like that, right? Yeah. So if you wanted to study something a little closer to home timeline, timeline wise, you would maybe set up what's called a permanent vegetation plot. You would just, you would mark off an area and you would go back there, you know, every so often, like every six months or every year or so, and just sort of chart what's I think they've been doing this for about 100 years since the 1920s. So we've got a pretty good data set there. Something else you could do is go somewhere like let's say you dug up some cool scientific journal from a scientist from, you know, 200 years ago that went and explored some island. And while they may not have like charted everything out exactly like you would in today's science, they may have a really nice diary about all the plant life there and things that they saw there and where it might be. And you could go back to that place. And it's not quite as tight of a record, but you could still get a pretty good idea of what's happening. Yeah, depending on whose journal you're working from. And back in 2012, a Danish team of scientists followed the record left by a 19th century geologist named Alexander von Humboldt from Germany, who was just an interesting dude in and of himself. He called coffee concentrated sunbeams. So he's my kind of guy. Oh, man, that's great. They went back to Chimborazo volcano in Ecuador, which Humboldt studied in detail. And not only did he study the vegetation there, and he classified all sorts of new plants that Europeans didn't know about at that point. He also noted exactly where they were on the mountain as far as the elevation went. Super helpful. Super helpful. So based on this information, the 2012 Danes were able to go back and recreate his trip. And then they were able to note what plants were where. And they found that everything, all species on average, had moved up the mountain by about an average of about 500 meters, which is significant. It's like almost a mile. It's like eight tenths of a mile. Yeah. Yeah, that's the average. Yeah. There was a lot of variation within that, but that's that's a long way for sure. And what we found out and I guess this comes up a little later, but a plant can find more climbs hospitable going up 500 meters than they might by going, let's just say north, like 90 to 100 miles. Yes. So like a much quicker road to better climbs if you just go up that mountain. For sure. Yeah, that's kind of two ways they move is longitudinally or altitudinally. You got to be in shape, though. Oh, for sure. You're going to climb that mountain.
Evangelism on SermonAudio
A highlight from Worldwide Word of Rebuke and Worldwide Plan of Mercy
"Isaiah chapter 17 and 18, these are God's words. The burden against Damascus, behold, Damascus will cease from being a city, and it will be a ruinous heap. The cities of Erewear are forsaken. They will be for flocks which lie down, and no one will make them afraid. The fortress also will cease from Ephraim. The kingdom from Damascus, the remnant of Syria, they will be as the glory of the children of Israel, says Yahweh of hosts. And that day it shall come to pass, that the glory of Jacob will wane, and the fatness of his flesh grow lean. It shall be as when the harvester gathers the grain and reaps the heads of his arm. It shall be as he who gathers heads of grain in the valley of Rephaim, yet gleaning grapes will be left in it. Like the shaking of an olive tree, two or three olives at the top of the outermost bough, four or five in its most fruitful branches, says Yahweh. And that day a man will look to his Maker, and his eyes will have respect for the Holy One of Israel, the work of his hands. He will not respect what his fingers have made, nor the wooden images, nor the incense altars. And that day his strong cities will be as a forsaken bough, and an uppermost branch, which they left because of the children of Israel, and there will be desolation. Because you have forgotten the God of your salvation, and have not been mindful of the strong will. Therefore you will plant pleasant plants, and set out foreign seedlings. In the day you will make your plant to grow, and in the morning you will make your seed to flourish. But the harvest will be a heap of ruins, in the day of grief and desperate sorrow. Woe to the multitude of many people who make a noise like the roar of the seas, to the rushing of the nations that make a rushing like the rushing of mighty waters. The nations will rush like the rushing of mighty waters, but God will rebuke them when they will flee far away, and be chased like the chaff of the mountains before the wind, like the rolling thing before the whirlwind. Then behold it even tied to trouble, and before the morning he is no more. This is the portion of those who plunder us, and the lot of those who rob us. Woe to the land shouted with buzzing wings, which is beyond the rivers of Ethiopia, which sends ambassadors by sea, even in vessels of reed on waters, saying, Go, swift messengers, to a nation long and smooth of skin, to a people terrible from their beginning onward, a nation powerful and treading down, whose land the rivers divide, all inhabitants of the world and dwellers on the earth. When he lifts up a banner on the mountains you see it, when he blows a trumpet you hear it. For so Yahweh said to me, I will take my rest, and I will look from my dwelling place, like clear heat in the sunshine, like a cloud of dew in the heat of harvest. For before the harvest, when the bud is perfect, and the sour grape is ripening in the flower, he will both cut off the sprigs with pruning hooks, and take away and cut down the branches. They will be left together for the mountain birds of prey, and for the beasts of the earth. The birds of prey will, some are on them, and all the beasts of the earth will enter them then. In that time a present will be brought to Yahweh of hosts, from a people of tall and smooth skin, and from a people terrible, from their beginning onward, a nation powerful and treading down, whose land the rivers divide, to the place of the name of Yahweh of hosts." To Mount Zion, so far the reading of God's inspired and inerrant word.
Evangelism on SermonAudio
A highlight from Jesus Christ as Pastor
"The following was delivered at Antioch Presbyterian Church, a mission work of Calvary Presbytery of the Presbyterian Church in America located in Woodruff, South Carolina. For more information about Antioch Presbyterian Church, please visit AntiochPCA .com or contact us at info at AntiochPCA .com. May the Lord bless you as you receive gracious instruction from His great. It's so wonderful to have all y 'all here, to have the cooks back with us and we've been praying for the car situation and of course to have visitors from out of town and from in town. If you're looking for a church because you've either moved here for school or because you've just been searching for a church closer to home, I would love to talk to you about that. Even if you're not looking for a church, I'd love to talk to you because I love people, so there you go. And we're going to talk this morning a little bit about Christ our Savior's love for people as a pastor. I'll leave it at that. Let's pray and then we'll get underway with the word. Father in Heaven, we bless your name. We thank you for your mercies to us in Christ. We thank you for your kindness to us in Him. Indeed, we reflect upon the supremacy of His ministry to us as prophet, priest, king, mediator, redeemer and indeed as good shepherd and pastor. We thank you as well, Lord, for your wisdom which has been displayed in Him in His earthly ministry and in His present intercession at your right hand and how through Him the Spirit comes and ministers to us in all of our difficulties and in all of our delights, in our trials and in our triumphs. We pray that you would be with us even in this Sunday school hour, that your word would be impressed upon our hearts and our conversation and discussion pleasing to you and profitable to your church. In Christ's name we pray, amen. Alright, open up in your Bibles to Isaiah chapter 42. Isaiah 42, we're going to look at the first nine verses and then we're going to jump into John's Gospel, kind of looking at a couple different passages detailing Christ's sympathetic earthly ministry and I'll explain what I mean by that. But Isaiah 42, the first nine verses, this is God's holy inspired and life -giving word. Give heed to it. God says, Behold, My servant whom I uphold, My chosen one in whom My soul delights. I have put My Spirit upon him. He will bring forth justice to the nations. He will not cry out or raise his voice nor make his voice heard in the street. A bruised reed he will not break and a dimly burning wick he will not extinguish. He will faithfully bring forth justice. He will not be disheartened or crushed until he has established justice in the earth and the coastlands will wait expectantly for his law. Thus says God the Lord, who created the heavens and stretched them out, who spread out the earth and its offspring, who gives breath to the people on it and spirit to those who walk in it. I am the Lord. I have called you in righteousness. I will also hold you by the hand and watch over you and I will appoint you as a covenant to the people, as a light to the nations, to open blind eyes, to bring out prisoners from the dungeon and those who dwell in darkness from the prison. I am the Lord. That is My name. I will not give My glory to another nor My praise to graven images. Behold the former things have come to pass. Now I declare new things. Before they spring forth, I proclaim them to you. Amen. You know, we often refer to Christ as prophet, priest, king, redeemer, savior, Lord, and even as God. Dr. Piper explained some of that in the sermon this morning, preaching Christ even from Job chapter 28 as the incarnation of eternal wisdom. Indeed, it is Christ himself who sets the standard for all of human conduct and activity. But do we ever really consider, or often consider I should say, that Christ is our pastor? That yes, He's king, He's prophet, He's priest, He's Lord and Savior, He's even judge of the nations and all the earth, but is He our pastor? That familiar acquaintance whom we have who sympathetically ministers to our every need in our day -to -day life. Well, Christ Himself sets the standard not just for all human conduct, but even for pastoral conduct. And at Greenville Seminary and my Reformed Pastor class with Ian Hamilton, I remember him impressing upon us the great importance of regarding Christ as the perfect pastor, even to us as ministers of the gospel who are very imperfect and can't be everywhere all the time and cannot minister to your every need. We're not infinite, but Christ is. Christ is the perfect pastor even to us, but also He is the model for every true gospel minister. He is both He who pastors perfectly and He who sets forth for us the example we are to follow as best we can in our own finite capacities as ministers and certainly as parents. That's the case too because you are called to pastor your children. That is one aspect of parenting, is sympathetically shepherding your children's hearts, we might say. So, what does that standard look like? What do we know about Pastor Jesus from His earthly ministry? We're going to consider two passages of scripture with Isaiah 42 in the background. We'll consider John chapter 4 and John chapter 8. In these two passages we have different incidents in the earthly ministry of Christ where we really see His pastoral function coming to bear as He ministers to two very broken people. In John chapter 4 to the Samaritan woman at the well and then John chapter 8 to the woman accused of adultery. I do take that as part of scripture. I don't take that as something that was added after the closure of the canon. That is true word of God. But in these two incidents we're shown by God's grace and by His Spirit as John describes them to us under inspiration of the Holy Spirit, we are shown how Jesus Christ is the servant of the Lord described in Isaiah 42, which I just read. And as a servant of the Lord, He's also our pastor. So, He's the servant of the Lord and the good shepherd or pastor of the sheep. These illustrate for us how Christ is the church's paradigmatic pastor. He gives us the paradigm. He gives us the model upon which all of our ministries and the church's ministry as a whole is to be patterned. So first, and I'll show you three things about it. His compassion, His authority, and His aim. His pastoral compassion, His pastoral authority, which, you know, your antennas might be going up as good Americans whenever we talk about authority, and then also His pastoral aim, what it is He's going for, His goal, His telos, we might say, as a pastor. So first, I want to talk about His compassion. Christ demonstrates compassion to people as a pastor, as a sympathetic pastor, by addressing spiritual needs, that is those deep, often unseen needs, through addressing felt needs. That is those things that are very evident to each and every one of us. Those things that we feel, rather in a pronounced fashion, that we feel, oh man, I really need this right now. I need a glass of water. I need someone to defend me in court in the two incidents that we're dealing with in John 4 and 8. And you can fill in the blank. And Jesus doesn't ignore them. In fact, He capitalizes on those felt needs to then address deeper, unseen spiritual needs, which oftentimes need to be dug out like so much rare metal out of the earth and from a mining shaft. So look at John 4 with me. John chapter 4.
Tech Path Crypto
A highlight from 1214. EU Beats U.S. To Bitcoin ETF SEC Delays Again
"All right so more action on ETFs and the only difference is is now that ETFs are being approved but they're being approved across the pond in the EU we'll break down all that for you guys today what this might mean to the US in terms of an ETF approval and hopefully going forward with Bitcoin and the modern era of finance we'll break all that down for you my name is Paul Baron welcome back and the Tech Path. All right so a couple of things I want to hit on today of course is the news Europe launches its first spot Bitcoin ETF I know that that's a little bit let me kind of zoom in on that from watchaguru I know that's a little bit misleading because there has been ETFs in the EU before this one is a little different I'll explain why there is so it's technically there is a new ETF out there so Jacobi Asset Management lists Europe's first Bitcoin ETF euro on next this of course is the difference let me kind of zoom in on a few things here they implemented a verifiable built -in renewable energy so it's a rec solution which allows institutional investors to access the benefits of Bitcoin also meeting the ESG goals which is a big deal in in the EU trades under the ticker Bitcoin custodial services are provided none other than by Fidelity and all of this is created in collaboration with digital asset platform called Zumo and the Zumo is gonna be interesting because we'll play into that they're a kind of a everything as a service type platform further into the release it's exciting see you're moving ahead of the u .s. opening up Bitcoin unlike other products in the European market which are debt instruments our funds own the underlying asset directly so that's kind of the biggest deal this is the first true ETF that is owning the the asset itself the underlying asset one -to -one so that's the the big point that they're trying to make the Kobe solution differs from carbon offsetting products by quantifying the electricity consumption attributable to Bitcoin in the ETF by purchasing equivalent wrecks and the standardized instrument for procuring clean power so again going back into those ESG requirements that are a big deal in the in the EU so as you look at this and you just wonder you know when will the United States start to actually get into the game EU obviously now scoring what is feels like a two to zero match if you're into soccer and that is with Mika's advancement and now here with a true spot it Bitcoin ETF so along with that and then you've got technology that's starting to play into this Zumo which is the company behind this latest update of Zumo's app is now available on the App Store and the Google Play Store you can trade doing fast transactions you can also do a full what they call infinite control your funds on the blockchain and then you can do some buying and selling over there in etherium and Bitcoin so this gets into how and what will be the next step here in the United States because obviously we already know that we are at the cusp of we hope at the cusp of the SEC actually approving one there's a lot of other things that are playing into this that I think are the political aspect and this is what I talk about a lot is that this has become so much more political than anything what I mean by that is by the SEC actually doing the approval of a Bitcoin spot ETF one thing that is happening is you've got things like this and that is Senator Lummis now filing an amicus brief supporting coin bases dismissal motion against the SEC this would be a big deal because if the SEC or if we get a dismissal on the Coinbase case it would be a pretty big loss for the SEC and already we've started to see this issue facing the SEC as a whole just with what's happening in the ripple case so I think that in the support of what's happening from the lawmaker side of things you can kind of see that the statements here says the constitutional empowers Congress not the SEC to legislate in such an area of profound economical political significance this to me gets into the point that is often under looked and I think that is the political power that is happening globally much like what happened with the EU on filing an ETF for Spock Bitcoin and I think this is now in the case of a lot of lawmakers who have said all right we've had enough we've got to be able to get moves and move forward on this further in this article says also also although the SEC seeks broad authority over crypto assets most legislative proposals in Congress would instead grant much of the authority to other agencies I'm satisfied the SEC seeks to circumvent the political process to commandeer that authority itself this is a senator talking about a government agency in the SEC of course met a lawman who's been on our show many times kind of breaks it down I'll show you his tweet right here it kind of goes into the the brief and what she's arguing let me zoom in on that Congress has not granted the SEC authority so that's number one defined defining the contours of crypto regulation in this country is a job for Congress not the SEC back to the point of where a bipartisan effort of lawmakers is really the goal here because the SEC has kind of taken the reins of what crypto has been about in terms of legislation by enforcement which has been the the biggest knock on the SEC over the past few years SEC's claim that virtually all crypto assets are securities exceeds the securities authority encroaches on Congress's lawmaking and contravenes the separation of power so again very much said and I think this is one thing we've talked about so many times here on the show the key is when is that next step when do we see a potential for this going forward I think the key with this is how many people are starting to support what's happening in the not only the but lawmakers also in support of Coinbase also other organizations out here so you've got crypto lobbyists urged now a court to also dismiss the case and you'll look in total here let me kind of zoom in on that you've got the blockchain Association the crypto council for innovation Chamber of Digital Commerce defy education founder Chamber of Progress consumer tax association and even firms like Andreessen Horowitz which obviously is a huge VC come organization that supports what's happening in blockchain further into this one says this is a no run -of -the -mill run -of -the -mill enforcement case through this case the SEC seeks primary influence over economic political and legal questions under active consideration by Congress and multiple agencies that is the real rub that I think is occurring and it's as I've said many times that this is such a political ploy right now I don't of trying to dominate the conversation and also the actions from a control factor I think it's either it's a controllable grab or there is a political you know substance behind this that's really driving what Gensler's decisions are pushing so a couple other points in here Loomis brief did note each of these bills recognizes that the crypto industry's not fit entirely within the existing securities law and transcends the current statutory powers of the SEC simply stating we know that there's a lot of things here in modern finance and modern you know blockchain technology that is really kind of going outside the ecosystem what how it meaning the investment contract concept of how securities are ruled and governed has changed so Congress is attuned to these important considerations and obviously they're trying to do something about that right now so we do know that all of that is happening right now and it's moving pretty fast now here's John Reed Sartre another attorney out there on and SEC especially securities law he talks a little bit further about this about the the partisanship around this so crypto regs have unfortunately become increasingly partisan at the SEC remember that right now the SEC the governor's or the commissioners at the SEC split pretty much down the red the middle right now a Democratic Republican crypto crackdown began under Republican appointed the SEC chair Clayton fierce and relentless crypto critic if we do see a Republican elected president likelihood is that we'd probably see a potential Republican lead as the Commission now that could be Hester Pierce a Republican all this does play into so it has become very partisan I would agree was was stark on this so it is something to watch for question is whether or not there will be anything of major substance happening between now and when that occurs meaning when we see lawmakers actually shift in that if we do see lawmakers shift in the administration here's a clip right here by Raul Powell kind of breaking down why all of this is happening listen in to this one what he had to say the problem is is US regulation is run by a bunch of baby boomers who only referenced the past like we have to figure out how to deal with AI we have we got a lot of really existentially important things that can't be just shoehorned into something from the 1930s because that's how a boomer wants it to be and other governments are doing it and the US is not whether it's the power of the people or just the politicians are so old now that they'll be replaced by younger people I hope Raul is right you know working in Capitol Hill with lobbyists in the past I've seen the birth of you know kind of this political and governmental heft that just sits in DC and I think crypto and blockchain in general is just like any other great technology moving forward AI will face this as well in terms of regulatory environments and what that might mean because really at the end of the day what we are talking about here is corruption corruption at the highest level we're talking about whose pockets are lined that's why this is slowing down it really is more about who wins and until there is a framework for the right politicians winning it the right way we may not see action and that's the biggest concern and obviously Raul is talking about that is that there's so many other countries that have already stepped into this and moving forward you have John Deaton saying though that there could be a major move here and this could also sway into the fact that we might get more pressure this and this is coming from our court system not from our politicians so be on the lookout today Friday for potential decision this was earlier this should hopefully give crypto even more momentum even though arbitrary capricious is a high and difficult standard mean I've always maintained the SEC will lose if someone fought back regarding a spot Bitcoin ETF he's talking about grayscale so Eric Balcones kind of jumps in very good possible possibility that we learn grayscale SEC outcome tomorrow this was just here end of yesterday we haven't heard it yet as a filming right now so likelihood is we may get an actual case win here and that would really put the SEC in a bad position it would put them in a bad position from a legal standpoint and actually start to put a lot more pressure on them and that's when it gets a little bit unusual because now we're talking about a court that is ruling on this so meaning it's ruling from a court of law as opposed to regulators who are trying to essentially create a pathway for this technology and all these kind of companies to exist so that's the biggest thing I think that's playing out I want to play another clip right here this of course is of Jay Clayton talking about the current status of not only crypto but also Bitcoin listen to what now remember Clayton former SEC chair Gensler's boss used to be and now he's taking a little different listen well look the SEC postponed the decision but they are they are seeking public comment and the landscape for Bitcoin and retail access to Bitcoin has definitely changed and let's just let's just look at where we are today I when I was SEC chair was very skeptical of the Bitcoin trading markets and and whether you believe Bitcoin is going to go to whatever or dry up and go away I think that's no longer the question you know you had Russ Benjamin he was talking about it's clearly a commodity it should be regulated like a commodity we have large retail participation around the globe and people want access to it now what do we have we have very credible financial institutions who have fiduciary duties duties of best interest to their customers who are saying we want to deliver this product and we can do so consistent with those obligations last thing all right so right there you can kind of see he has pivoted his position this is a guy who was a staunch critic of crypto changed completely and he did hit on all the markers there major financial institutions the blockchain itself Bitcoin as a whole not going away likelihood whether you want to treat it as a commodity which I think obviously they will the key here is is that it doesn't it's not really on regulators like the SEC to decide who wins and who loses the markets do that and I think that's the most important thing that he does hit on here on this so for but again that coming from Jay Clayton pretty interesting stuff for sure all right so Bitcoin ETF is now pushing a slice of crypto ETF trading volume which would be around 99 % this of course means simply that though the EU has launched an ETF a true spot ETF the real volume is going to come from the United States this is the big behemoth if you look here there's actually a chart that shows that North America accounts for ninety seven point seven percent of all crypto ETF trading volume if and when a spot ETF comes out in the US it will likely go to ninety nine point five percent so as interesting as the EU is that's why we probably didn't see much of a move on Bitcoin in general it really is all about the United States and I think that's what Raul was getting at is that there is so much power coming out of the United States in terms of investment capacity and what that might mean that the opportunity here is pretty significant so I just think it's one of those things that you have to just be aware of especially as we see both what's happening on the EU and also what's happening obviously here in the United States when it comes to ETF so one thing to be aware of for sure all right so just kind of supporting a little bit of the activity that's occurring right here here's the news on this eagerly awaited Jacobi Bitcoin ETF lukewarm reception on the debut and they're kind of hitting on the whole issue only four transactions this of course happened after its first listing you can kind of see it right here in the listings themselves transactions for so again this just reinforces the whole point that it everything of round bitcoins ETF future is going to set here in the United States it just is going to be the case I want to just a further why this is so important I want to go to this tweet right here and there's a clip I want to play from this but I want to go to the statement here a lot of Bitcoin ETFs have been filed but just black rock is the 800 pound gorilla truly the one why is black rock different it comes down to lobbying power and the connections with the SEC listen in to what he had to say let me play this one for you one of the major narratives driving the last cycle was the institutions are coming those institutions came in small part you know but that promise of the institutions arriving and really diving headfirst in the crypto never quite materialized so that's what's so interesting about our current period which you know we may be in a crypto winter we might be coming out of it but if there are signs that we're coming out of it it's exactly this this institutional investment so black rock for example is the largest asset manager in the world and they just filed a Bitcoin ETF with SEC a lot of Bitcoin ETFs have been filed in the past years but none from an asset manager as high profile and well connected in Washington as black rock as you can see the key here is how much you know power does black rock have well they have an immense amount of power now one thing that our team kind of mentioned on what we were doing this video is what happens if black rock gets an ETF or art gets an ETF and we just don't see any transaction I'm kind of interested in your thoughts do you think we'll see a massive inroad of people going into Bitcoin I believe we will mainly because of the power of the marketing that will come behind this it'll come from arc it'll come from galaxy it'll come from black rock Vanek you name it they're all gonna be competing pretty much at the same time meaning they're gonna spend a lot of money to get out there and educate people and get things going that's why I do think it's gonna pop Bitcoin as a whole for sure all right further on into this just to show you a market Bitcoin ETF approval could help power up the new crypto cycle this is coming in from Bernsten I would talked about him before he hits on a couple of points here leading global asset manager you know is big in Bitcoin spot ETFs probability of this approval has risen we've already talked about that ETF will benefit a strong brand marketing push that's back to my point is that all these financial advisors and all these groups are going to push very hard which is going to elevate the awareness around blockchain of crypto and especially Bitcoin as a whole so new capital is gonna power up the new cycle this will come in from fresh stable coin supply tokenized traditional assets native crypto infrastructure tokenization of ETFs etc all of that plays out and back to the clip that was we just played here by Sam just a second ago with the Forbes writer is you know he is right the last cycle was kind of deemed as this is going to be when institutions come in this is but Black Rock wasn't in the game nor was you know these 15 others that have started to move in that we did not have an ETF being proposed and most likely going to get approved it right on the heels I believe of what happens with Bitcoin none of that was occurring we didn't have regulation in play we didn't have the clarity in the market where we had to go through basically the Wars of FTX is the voyagers the Celsius is seeing what was all done wrong now we have a much more you know aware market we have a much more savvy investor and we have these major organizations starting to step in so I think it is in the right place right now of course we're recording this there's constant news always hitting our research team one of the things that has happened is this tweet right here and that is about Kunis talking about it looks like no grayscale decisions so this has been delayed meaning grayscale trust this is now going to Friday 11 a .m.
Crypto Curious
A highlight from 92 - SBF Behind Bars, ETF Delays, & How Fireblocks Averted a Crypto Calamity
"Availability may vary by market. Welcome to the Crypto Curious Podcast, proudly brought to you by the Bamboo App. Crypto Curious is your go -to source for all things cryptocurrency. Whether you're a seasoned pro or new to the world of crypto, we've got you covered. Each week we'll break down the top news stories of the past seven days, giving you the information you need to stay on top of the latest trends and developments. Plus we'll share quick bites of news and insights that you won't want to miss. If you're new to crypto, we recommend starting with our early episodes where we break down the basics and give you a solid foundation to understand the crypto world. Join us as we explore the ever -evolving world of cryptocurrency and educate ourselves along the way. On the show this week, we discuss the first rejection from ARK Invest's ETF. Old makes Sam Bankman -Fried finally get some sort of comeuppance as he heads to jail. A scary crypto wallet vulnerability has been uncovered by Fireblocks. Plus the mover and shaker of the week this week is Rollbit. What's Rollbit? Stick around and we will tell you. My name's Tracey and again I'm joined by Blake and Craig as we take you through this week's crypto news. Hey boys, how are you going? Good mate, how are you? Very well. Craig, how are you going? Going good. The markets have been a bit quiet, but we've still got news for everyone and I'm excited to go through Rollbit, which has been keeping me entertained during the boring price action. Yeah, Craig's loving that one. We'll get to that one in a moment folks, but let's kick it off. The SEC is kicking the ETF can down the road this week. As anticipated, the SEC hit pause on the ARK Invest 21 shares Bitcoin ETF. As expected, that move, we thought that would happen and the spotlight is down on that ETF. The crypto aspirations and the regulatory realities are hitting home, but it's not a surprise. This decision was raising some questions about the future of ETFs and the very same day actually a former SEC official by the name of John Reed Stark forecasts that more hurdles ahead when it comes to the ETFs being approved. He does not think that these will get approved. Blake, what are your thoughts here? Yeah, you know, we're seeing your rejection after rejection in this space and so many people want to participate and get an ETF up, which is for those that don't know, I'm basically creating a fund that can be traded on the Nasdaq stock exchange, which holds Bitcoins and this would make it more accessible to many more people and make it more easy from a regulatory point of view for more groups to participate in the sector. This topic has become increasingly politicised and the applications may not be judged on merit. It may be, you know, the political motivations of the party that's in power at the moment or the political motivations of the SEC themselves. So do you mean like, so we've just talked about ARK Invest and we know that BlackRock and other big heavy hitters. So do you mean which political parties they're talking to? Well, there could be political pressure from the Democrats or the Republicans on the, you know, the SEC themselves, or there could be your internal factions within the SEC that some people want to see it get through, other people don't. I'm sure lobbyists involved at some level could just be not a serious consideration that the SEC is making, but we don't really know. It's hard to tell what's going on on the inner workings. But time will tell here.
THE EMBC NETWORK
A highlight from Erase PTSD Now! Dual Sympathetic Reset Procedure (DSRP) Removes Chronic Pain, Anxiety, & PTSD To The Pre-Trauma State - Dr. Eugene Lipov & Jamie Mustard
"All right, I'm here with Dr. Eugene Lipov and Jamie Mustard, best -selling authors of The Invisible Machine, the startling truth about trauma and scientific breakthrough. I'm sorry, a scientific breakthrough that can transform your life. Both pioneers in the area of dual sympathetic reset procedure. Guys, welcome to the show. Thanks for having us. Yeah, thank you so much for having us on. It's a pleasure to be here. Now, Dr. Lipov, I just finished your book just the other night, and I was just blown away at really how you kind of stumbled upon this procedure that's been going on since the early 1920s, but now it's like been revitalized. It seems like there's like this new resurgence of it, the Renaissance, if you will, of doing it again, and you're like the pioneer really spearheading that, and it just always blows me away. Like, that's great, but how did you get here? How did you get started and learn about this procedure being an anesthesiologist, I believe? I, thank you. Well, first of all, yes, I am definitely an anesthesiologist, for sure. Well, I would say it's not a resurgence. I think it's repurposing. What's new about it is we're repurposing the procedure for mental health. So typically anesthesiologists like, such as myself, who specialize in pain medicine, take care of pain medicine. So the history of the procedure was the first time Stelling -Ingdon block was ever done. That's one level injection here, 1926 for asthma. Since - What were they noticing, sorry to cut you off, but what were they noticing back in the 1920s that if you do a Stelling -Ingdon block here, and that's when you're pointing to the neck, for the people that are just listening to the audio, they may not be able to see, you're kind of pointing to the neck area. Are you, is that, would that be what I think is in the book is you talk about C3, the cervical spine, and C6 a lot. Is that kind of what you're talking about? And what was it doing for asthma back then? I don't even know how the correlation would be. That's a tremendous question. So, well, first of all, there are seven vertebrae in any mammal. Giraffe has seven, we have seven. So C7 is the bottom of the neck. C6 is right above it. C3 is almost up to the skull. So the standard technique was C6 or C7 Stelling -Ingdon block, one level. So they were doing it, they found that if you do an injection for asthma, it takes away asthma away. It's a really complicated reason. I actually wrote a paper on that a couple of years ago explaining a lot of the effects. It's crazy how that works, but that's outside this realm. Anyway, so we started doing it, we being anesthesiologists pain doctors. So as pain doctors, we have been doing Stelling -Ingdon blocks for arm pain, burning hand primarily since the forties. The first time I ever did the Stelling -Ingdon block was 1987 for CRPS or burning of the hand. And then, you know, I've been doing it for a number of years and then I had a patient that had hot flashes and we treated her hot flash using stellate. Actually, my brother came up with the concept because he thought, you know, hot flashes, everything is hot, burning hand, same thing. And I said - His brother's a physician, by the way, he's not a random guy that came up with the idea. He's a very smart dog. Anyway, we did the procedure and took away the hot flashes. We published and that worked well. Then Chicago Tribune came by to do a paper on me, basically saying how it's working. So they said, yes, it's working, but basically you're an incompetent hack because you don't know how, you don't know why it works, so you shouldn't be doing it. So I didn't disagree with that, shall we say. And they, what I tried to do is figure out why it worked for hot flashes. So I came across one paper from Finland where they were putting a throw card on the chest, putting the, moving the lung out of the way and clipping the nerves in the chest. And they were doing it for hand sweats. They found PTSD went away. So I wrote that paper and I thought, that's crazy how that works. I didn't, whatever. Anyway, so I looked at the anatomy. Turns chest out nerve goes to the neck nerve. From the neck it goes to the brain and that affects PTSD. So I called up my brother. I said, send me a patient's PTSD. He had one like that who was robbed at gunpoint and all type of bad things happened. Two months later, he was on his way to his psych ward. So we did an injection on the neck and his PTSD went away. That led to my first publication in 2008 and then that led to people following my work in Walter Reed, the Navy. I gave testimony in front of Congress and off we went. And then as we progressed, I'll give you more information later, but we found that when you do an injection two levels, C6 and C3, that's called DSR, dual sympathetic reset, because we're doing two levels inside of one that seems to be more effective. So that's our current latest and the greatest technique. Yeah, so amazing. I follow, you guys know my background and just I'm into this health. I'm into the biohacking. I understand a lot of this. And until reading your book, I never heard a DSR. And so I'm just so grateful that you are putting this out there so that more people in the world can learn. And I'm hoping that this podcast and many others will help promote it because it just, after reading your book, there's just so much transformation that can be done as you know, through just the PTSD or PTSD is referred to the book, the injury, because that's what it really is. Not a disorder for most people. It's an injury. And guess what? When you change the input that the body receives, the body can heal. It just needs the right input. And that's what you guys are doing. So yeah, so grateful. Can I tell about the PTSD thing, where that came from? Please. So there is an amazing psychiatrist out there. Thankfully, he's still alive, Frank Uggberg. He was number two man for NIMH, which is National Institute of Mental Health. He was part of the terminology development in 1980 for PTSD. So he came up with the term Stockholm syndrome. You may have heard of that. That's his terminology. So in 19, I think 2005 or 2006, he started to propagate this concept, PTSI, post -traumatic stress injury. Basically, if there is an emotional trauma, not physical trauma, no blow to the head, the brain changes. And we know that based on advanced scanners, such as PET scan and FMR, things like that. So when somebody says PTSD is invisible wound, my answer is you have the wrong scanner. If you have the right scanner, you'll be able to see it. Let me, can I comment on that? About Frank Uggberg, he coined the terms post -traumatic stress injury because post trauma creates a biological change in the body. Dr. Lipov in the early 2000s figured out a way to reset the body to the pre -trauma state in a simple outpatient procedure over one to two days. In 1970, Mr. Ockberg wrote a book with a bunch of Stanford scientists called Violence and the Struggle for Existence. Coretta Scott King did the forward to that book because it was two years after Martin Luther King was assassinated. And there's a chapter in that book called Biology and Aggression. And one of the things that they're proposing in that book, this is 50 years ago, is that we know that trauma is biological. And the reason we know is because if you traumatize an animal, a cat, a goat, a sheep, any animal, okay, it changes. It either gets very hostile or very timid. It's not, doesn't have a disorder. We've changed its biology. And, but they just didn't know how. So when, but Dr. Lipov with his dual sympathetic reset, he basically 35 years later, found that mechanism of what is causing that change towards timidity or aggression from trauma and the symptoms that make one act that way. And he's able to reset it in a simple outpatient procedure without drugs that is 85 to 90 % effective in the relief of the worst symptoms of post -traumatic stress. It's amazing. Jamie, and actually on your note, I was just thinking, and I can't remember if this, I've read so many books now, I'm getting them all mixed up, but I think maybe in the book you guys talk about, speaking of animals, if a duck or an animal gets stressed, right, they will shake, they shake because with the shaking actually pushes that stress out of the body. And I can't remember if it was your book or not, but they were talking about like, but if a duck or whatever they get in a fight, they'll just, they'll shake it off. And then they come right back into their clan or wherever they're at, and it's gone. They're back into it. But so I was just thinking about the whole biology, but you're right. We all think of this psychology, it's a psychological issue, it's a mental disorder. No, there's visible trauma, as you said, from Dr. Amen talking about spec scans and FMRIs and all those kinds of things. Yeah, I mean, you can see it on, I'll say this in my layman's terms, and then you can fix me. What Dr. Lipov is talking about is if you were using an FMR scan on somebody that has post -traumatic stress symptoms, feels it in their body, you would see overactivity in their amygdala, and you might see decreased blood flow to their frontal cortex, okay? So he goes in, he does this injection. It's the same $2 amount of anesthesia that goes into an epidural. So the pharmaceutical companies will never back it because you don't need to be dependent after you do this, right? And he basically, it's like rebooting a computer. He turns off the sympathetic nervous system with this anesthesia. It reboots 15 minutes later. It takes a few hours for it to wear off the day, but it really reboots about 15 minutes later. And when it comes back online, it comes back online at baseline, pre -trauma state. So what's really important about what you said earlier, Joel, about when you would talk about post -traumatic stress disorder or mental illness, is that's not what's going on when you see a traumatized person. When you see a traumatized person, you have a person with a broken leg you can't see. It is a physiological injury that we can now see and treat. And calling it a disorder or calling it mental illness, A, it's scientifically false, it's not true, and B, it's incredibly stigmatizing and it doesn't open up an opportunity for progress or fixing it. I believe that Dr. Lipov's innovation, he may, he'll find this incredibly, he's humble, but I think it is the most important medical innovation since the discovery of penicillin in 1928. In terms of the numbers, far more outweighs, if you look at how many people a year were saved by the polio vaccine in terms of lives lost, you might look at 50 ,000 people a year. If you look at people that do, even from the mildest forms of post -traumatic stress to suicidal ideation, you really, when we could talk about what the symptoms are, people that do this do not end up committing suicide. You know, the amount of lives saved from lack of suicide, less suicides alone, let alone all the various physical disease that's caused by the sympathetic nervous system being stuck in front of flight, the amount of lives saved by Dr. Lipov's innovation profoundly dwarfs even the polio vaccine. Well, so, hold on. So now I have to speak kind of medical science, right? I mean, that's essentially true. We don't have, I don't have, you know, if somebody asked me, it's like, show me the evidence, show me the evidence of success rates. So success rates are 80 to 90 % is about right.
Timothy Keller Sermons Podcast by Gospel in Life
A highlight from The Violent Bear It Away
"Welcome to Gospel in Life. Jesus was a great teacher, but he had a lot of things to say that were challenging or difficult to understand. In the Bible we see a number of places where his disciples say, Jesus, this is a hard saying. Today Tim Keller is preaching through one of the hard sayings of Jesus and how we can rest in the fact that while Jesus' teachings aren't always comfortable, he is always good. As John's disciples were leaving, Jesus began to speak to the crowd about John. What did you go out into the desert to see? A reed swayed by the wind? If not, what did you go out to see? A man dressed in fine clothes? No, those who wear fine clothes are in king's palaces. Then what did you go out to see? A prophet? Yes, I tell you, and more than a prophet, this is the one about whom it is written, I will send my messenger ahead of you who will prepare your way before you. I tell you the truth, among those born of women, there has not risen anyone greater than John the Baptist, yet he who is least in the kingdom of heaven is greater than he. From the days of John the Baptist until now, the kingdom of heaven has been forcefully advancing and forceful men lay hold of it. For all the prophets and the law prophesied until John, and if you are willing to accept it, he is the Elijah who was to come. He who has ears, let him hear. To what can I compare this generation? They are like children sitting in the marketplace and calling out to others, we played the flute for you and you did not dance. We sang a dirge and you did not mourn. For John came neither eating nor drinking, and they say, he has a demon. The son of man came eating and drinking, and they say, here is a glutton and a drunkard, a friend of tax collectors and sinners, but wisdom is proved right by her actions. This is the word of the Lord. We're looking at the hard sayings of Jesus this month and the new international translation from which Scott just read gives us as nice a translation of verse 12 as you could possibly get. In verse 12, Jesus says, the kingdom of heaven from the days of John the Baptist until now, the kingdom of heaven has been forcefully advancing and the forceful take it, the forceful receive it, the forceful lay hold of it. In the older translation, in the authorized version, the older translation, it brings out the harshness and the strangeness of the verse. In the authorized version, Jesus is translated as saying, from the days of John the Baptist until now, the kingdom of heaven suffereth violence and the violent bear it away. Flannery O 'Connor's only novel, I think it was her only novel, was called The Violent Bear It Away. It's taken from this verse. From the days of John the Baptist until now, the kingdom of heaven advances through violence. That's what the Greek word means. That's what it means. There's no way around it. The kingdom of heaven has always moved forward since the days of John the Baptist through violence and the violent are the ones who lay hold of it. What does that mean? What does that mean? Let's think about it. The context is Jesus telling us about John the Baptist. See in the beginning, John the Baptist came preaching a message and the message was this, the Messiah is coming to bring in the kingdom of heaven. Now that's not as esoteric as you might think. Bottom line, the kingdom of heaven means someone is coming to put everything straight, to make the world right again, to right all wrongs. Our fiction is full of talking about some golden age of the past or some future age of the future in which all problems are put straight, all the psychological and social and physical problems are put straight and everyone is happy. And of course, our fiction is full of talking about an age like that. What John the Baptist's message was this, the kingdom of heaven is not fiction. It is real and it's coming and there is one coming to bring it and he is not fiction, he is real, it's Jesus of Nazareth. That was the message of John the Baptist. Now, Jesus turns around, that's what John said about Jesus. What does Jesus say about John? Jesus, in this passage, is talking to the people about John the Baptist. He says, John the Baptist understood that the kingdom of heaven, this power coming to set the world straight again, is not a fiction, it's real. And once John the Baptist got a hold of it, what did it do to him? It radicalized him. It turned him into someone crying out in the wilderness, wearing a hairy shirt. It turned him into someone who became, you see, it meant everything to him, it radicalized him, it also put him outside of the power structures of the day. Jesus says, you do not go out when you see him, you don't see a person who's a nobleman, he's not someone from the king's palaces, he's been marginalized, he's been radicalized, he's spiritually intense. Once he realized the kingdom of heaven was real and it was coming, it meant everything to him. It dominated his life. Then Jesus says, look at yourselves, look at how you listen to the message of the kingdom. Some of you say, hey, that's very interesting, thought -provoking. Some of you find it inspirational, and yet the status quo in your life has not been challenged. Basically, you want to hear about the kingdom of God and go on with business as usual, that's impossible. And then he turns around and says, from John the Baptist until now, anyone who understands the kingdom of heaven, the kingdom of heaven comes in to your life with a spiritual force, it comes into your life with a kind of violence, and only violent people lay hold of it. And this bothers a lot of folks. It's one of the reasons probably why the translation that we read from takes away the word violent. It bothers us. Isn't this Jesus? Isn't this the one that said, blessed are the peacemakers? Isn't this the one that said, turn the other cheek? Yes. And that's the reason why Jesus uses this term. Jesus is a communicator, he's a preacher, and he knows by saying this, you're going to start the puzzle. You're going to be startled. You're going to say, what does that mean? And that's just exactly what he wants. Let's cooperate with him. He wants to surprise you. He wants to startle you. He wants you to ask, what in the world does that mean? Because he wants you to understand what he's getting across. My purpose this morning is to explain this spiritual violence to you, and by God's grace, to arouse it in those of you who do not have it. And by God's grace, to stimulate it in those of you in whom it's burned low. What is this violence that only is the only way to receive the kingdom of God? The only way to enter the kingdom of God and advance in the kingdom of God, he says, is through forcefulness, is through violence. What is it? Well, it's always helpful if you're defining something to go by way of negation. So let's, right off the bat, say what we can eliminate, what we can say it is not. First of all, he's not talking about physical violence. He's not talking about physical violence. The Bible is so against physical violence. You know the place in the Sermon on the Mount where Jesus says, you've heard it said, thou shalt not kill, but I say unto you, don't even resent somebody. Why does Jesus forbid you even holding a grudge? Why does he forbid you even resenting somebody? You know why? Because it can lead to violence. Human life is so sacred. Human life is so valuable that anything that even could lead to the abuse, to the weakening, or to the destruction of human life is not permitted. Even resentment is rolled out. And the reason why is because every human being is built in the image of God. God sees an assault on a human being as an assault on himself. If for some strange reason somebody built a statue of you somewhere in New York and you saw people pulling it down and stamping on it, and shooting it, wouldn't you take that personally? I mean, if Lennon was around, shouldn't he have taken it personally? What people did to his statues? Yeah. And the Bible tells us that because we are built in the image of God, God takes it as a personal assault on his own being when you assault someone else. No, the Bible is completely against physical violence. That's not what he's talking about. And not only that, it's not even talking about the formerly violent. There are people who hear Ted Bundy about to be executed. Before he's executed, he says, I found Christ. I'm born again. The guy who was just hanged in Washington last week. Did anybody hear that? Before he was hanged, he said, I found peace in Christ. And a lot of people say, well, that makes sense. These guys were so violent, and their crimes were so heinous, and their guilt is so great, I guess they need that kind of Hallelujah born again stuff just to deal with their own consciences. That's fine for them, not for us, not for average decent people. No way. If there's one thing that the Bible and history and personal experience proves, is the Christian conversion is not for one type of personality. Yes, of course. History proves that people of every conceivable class of psychological and social class, every conceivable type of personality have claimed to be born again. You must not say the kingdom of heaven and all that born again stuff is really just for the people who used to be violent, desperate sinners. Not at all. Yes, people from the dregs of society have found Christ and said, I'm born again, but people from the cream, people who are simple, people with towering intellects, every region, every race. You can't say that Jesus is talking about the formerly violent or the physically violent, but here's what he's saying. Jesus is saying that Christians are not passive people, that Christianity cannot be received passively. Christianity is a proactive stance toward the universe. Christianity makes you someone who is characterized by a holy violence, by a spiritual aggressiveness, listen carefully, by a sweet, humble spiritual ferocity, by a vehement spiritual sincerity. Now, I know, see modern people stare at such terminology the way a cow stares at a new gate. We've got no framework for it. A spiritual ferocity, a radical spiritual aggressiveness and intensity, and here's why, because the world believes the only people who are radical and intense and zealous and spiritually aggressive about faith and beliefs are arrogant people. The world believes the...and I'll show you in a minute why. The world in its prejudice believes the only people that can be spiritually intense and aggressive, spiritually ferocious, are arrogant people. But you see, when Jesus was preaching, one thing that he must have seen in my guess is that this is where he got his idea, his metaphor. He would attract tremendous crowds, and there was only a certain kind of person that actually got in to hear him. The kind of people that got in to hear him were the people who came early, the people who stood in line, the people who scrambled, the people who were relentless, who were aggressive, who were creative, who climbed and scrambled and ran and tore through the roof, remember that one, to get in. And the people who showed up on time, the people who expected normal conditions in order to hear Jesus Christ, the people who thought that a normal effort was all it was going to take, the people who were casual, couldn't even hear him. My family and I went to the Paul Simon concert last summer, 750 ,000 people, and one of the things we discovered, if you try to get into the Great Lawn, you know, around the Great Lawn were the pathways, the paved pathways. So you get onto the Great Lawn, on the pathway, and you start to follow the crowd, so you realized that the crowd was going away from the Great Lawn, that the crowds were being diverted away, and if you wanted to get into the center to get any kind of decent seat, you had to buck the crowd. You had to dart. You had to think for yourself. You had to pin your ears back and not care where everybody else was going and not care what everybody else said either. And you had to go. And Jesus says there's a certain kind of relentlessness, a certain kind of hard pursuit, a kind of striving, a spiritual intensity that must characterize anyone who will lay hold of the kingdom of heaven. For many in our culture today, biblical Christianity is a dangerous idea challenging some of their deepest beliefs. In her book, Confronting Christianity, 12 hard questions for the world's largest religion, Dr. Rebecca McLaughlin explores the hard questions that keep many people from considering faith in Christ, tackling issues including gender and sexuality, science and faith, and the problem of suffering. McLaughlin shows that what seems like roadblocks to faith in Jesus can become signposts to a relationship with him. Confronting Christianity is our thank you for your gift to help Gospel and Life share the love of Christ with people all over the world. So request your copy today at GospelAndLife .com slash give. That's GospelAndLife .com slash give.
Thinking Crypto News & Interviews
A highlight from BIG CRYPTO NEWS! PAYPAL STABLECOIN ON ETHEREUM, BILL HINMAN SEC INVESTIGATION & RIPPLE XRPL CARBON MARKETS
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. This content is brought to you by Uphold, which makes crypto investing easy. I've been a user of Uphold since 2017, so I can certainly vouch for this platform. They have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. You can also trade precious metals and equities on this platform. If you'd like to learn more about Uphold, please visit the link in the description. Well, folks, the big news of the day is, of course, PayPal launching their U .S. dollar stablecoin on the Ethereum blockchain. This is massive, massive news. PayPal is a giant company, a well -known brand existed before crypto, of course, and they are building on the Ethereum blockchain. So there are multiple impacts to the crypto industry and market here. One further validation that the technology solves real world problems. You have a big name like PayPal adopting it further gives credibility to the crypto industry and the asset class. It will help usher in more capital from institutional investors and obviously more retail will enter the market. So let me give you some details here. PayPal launches U .S. dollar stablecoin pay USD, which is, well, the ticker symbol is PYUSD is designed to contribute to the opportunity stablecoins offer for payments and is 100 % backed by U .S. dollar deposits, short term U .S. treasuries and similar cash equivalents. PayPal USD is redeemable one to one for U .S. dollars and is issued by Paxos Trust Company. Now, remember, Paxos was the one working with Binance to launch BUSD. In fact, I interviewed the co -founder and CEO of Paxos last year, Charles Cascarilla. You can definitely check out that interview. And Paxos is a regulated entity. Now all of a sudden, six months later, Paxos was green lighted to, of course, manage issue and manage the PayPal stablecoin. Funny how that works out, right, guys? So they said here, starting today and rolling out in the coming weeks, eligible U .S. PayPal customers who purchase PayPal USD will be able to, one, transfer a PayPal USD between PayPal and compatible external wallets, send person to person payments using PYUSD, fund purchases with PayPal USD by selecting it at checkout, convert any of PayPal supported cryptocurrencies to and from PayPal USD. So another on and off ramp. And remember, PayPal already offers the ability to buy and sell crypto via the PayPal app as well as the Venmo app. So this is huge, guys. Once again, further validation, massive adoption here, very bullish. And, you know, one of the things I was talking about today and I was tweeting about it, we're seeing some big news items coming out here that it's almost priming for a pump. Right. And Bitcoin has been moving sideways for a long time. Kind of boring. It needs some sort of catalyst to drive it either up or down. So there's no guarantee which way it's going to go. We'll have to wait and see. But this news is almost looking like a primer for a move upwards for Bitcoin to continue its retracement. Now, some are calling for new all time highs this year. I hope it happens, but I'm going to default to how Bitcoin has played out historically. So here's a quote from Dan Schulman, the president and CEO of PayPal. The shift towards digital currencies requires a stable instrument that is both digitally native and easily connected to a fiat currency like the U .S. dollar, said Dan Schulman, president and CEO of PayPal. Our commitment to responsible innovation and compliance and our track record delivering new experiences to our customers provides the foundation necessary to contribute to the growth of digital payments through PayPal USD. And it continues here, the article, which and this is really insightful. It says, building the bridge between Fiat and Web three for consumers, merchants and developers, PayPal USD will be available to consumers, merchants and developers to seamlessly connect fiat and digital currencies as the only stable coin supported within the PayPal network. PayPal USD leverages PayPal's decades long experience in payments at scale, combined with the speed cost programmability of block chain protocols as an ERC 20 issued token on the Ethereum block chain, PayPal used or PayPal USD will be available to an already large and growing community of external developers, wallets and Web three applications can be easily adopted by exchanges and will be deployed to power experiences within the PayPal ecosystem. Folks, big things are happening. I hope you recognize what is taking place here right before your eyes and what's on the horizon. What's going to take place here? Game theory, expect more players to come out with their versions of the stable coins or their stable coin, and I tweeted about it. I expect the stable coin wars to heat up, folks. And I tweeted about this in October of twenty twenty two. My predictions about what's going to happen this year and I said, expect stable coin wars to heat up next year. It wouldn't surprise me if the U .S. government was to select like Circles USDC for their digital dollar. And right now, Tether is the largest stable coin in the market. USDC is the second largest. But boy, expect P .Y. USD to jump up there because PayPal has millions of customers and they can easily get a lot of adoption overnight right in a very short period of time. And they have a trusted brand. People recognize it. They will want to use it. So huge, huge news. And one of the things I tweeted about is I'm curious if Elon Musk, he's going to create a stablecoin for X. Some people said he said he won't do that. But look, he could change his mind or he's going to use PayPal's stablecoin, given he was one of the founders of PayPal. That's where his pedigree is, right? Payments. And that's what he's trying to do with X. So this is has a lot of implications, guys, and very bullish for the market. Here's what Patrick McHenry, the House Financial Services chairman, one of the gentlemen who put out crypto regulations and much more. He said this announcement is a clear signal that stablecoins, if issued under a clear regulatory framework, hold promise as a pillar of our 21st century payments system. So big statements there, folks. Now, Chainlink God, many of you may follow this handle, did a great summary on why this is a big deal. So he said he did a whole thread. He said, why does PayPal launching a stablecoin P .Y. USD on Ethereum matters? First, P .Y. USD shows there's a clear demand from financial services companies to tokenize assets on blockchain. Tokenizing dollars is the most straightforward asset to tokenize and is directly relevant for payment processors like PayPal. PayPal has a majority share of online payment processing with 40 million plus transactions processed per day, over 400 million plus active users globally and 30 million plus merchant accounts. PayPal launching their stablecoin legitimizes crypto Web3 and stablecoins for normies and regulators. The fact that PayPal is issuing P .Y. USD on a public or the public Ethereum blockchain instead of a private PayPal chain shows the power of network effects. Folks, that is key. It goes back to what we've talked many times about and even I've shared thoughts from David Schwartz of Ripple. Wall gardens, you know, they're they're fine, but don't expect the public and people to use it, right, because it's just another centralized ledger. And we've seen JP Morgan try it with JPM coin. But who the hell is going to want to use it? It's a wall garden. So private blockchains will exist. That's fine. You can do your private blockchain, but that doesn't mean it's going to get mass adoption. And as Chainlink got highlighted here, network effects, Metcalfe's law, right, folks, the more adoption a network gets, the more participants, more builders, the stronger it becomes, the more valuable it becomes. So he said here, no doubt they will expand to other chains as well as other stablecoins have to obtain more market share. So we know USD and UST together, you know, they're on multiple blockchains. Expect P .Y. USD to do the same thing. He said the market cap of all stablecoins is over one hundred and twenty two billion dollars, peaking at one hundred and eighty billion a year ago. While amount circulating has downtrended during the bear market, it has held up much better than the price of most tokens or total value loss of most decentralized applications. The demand is sticky and P .Y. USD could be a major growth factor. Stablecoins are fundamentally a superior version of fiat, digitally native, programmable, low fees, fast settlement, zero borders, permissionless to transact in. Is this just the very beginning of PayPal stepping into Web3, which shares many of the same properties? Folks, I think so. I think they're going to do a lot more. So he continues here. But I want to just share some some of the thoughts. You know, this is a pretty long thread. So bullish news, bullish news for the market, whether you hold Ethereum or not. But I hold ETH. I've been holding ETH for a long time. I diversify. My number one holding is XRP. My number two is Bitcoin. My number three is Ethereum. And I stake ETH and I earn passive rewards. So great news here. Now, folks, speaking of Ethereum, we got some big news. We all know Bill Hinman and Jay Clayton did the backroom deal with Ethereum folks, Joe Lubin and Vitalik. Right. And Ethereum got the free pass. It was through the speech of Bill Hinman that Ethereum was said to not be a security. And that, of course, gave it an unfair advantage over the rest of the altcoins in the market. But we know this was an under the table backroom deal corruption. Right. I don't want to rehash all the details. You guys all know this. Well, Stuart Aldorati of Ripple, he's the chief legal officer. He tweeted out something very interesting today. And I couldn't believe it when I first read it. But he said, Crypto critic, ex SEC official John Reed Stark, who has blocked me, by the way, says there should be an investigation to Bill Hinman. This is a this is broader than Ripple. There could potentially be serious conflicts of interest by a government official. An investigation will either put it to rest or hold folks accountable. So even someone who is a critic of crypto, John Reed Stark, and he blocked me because I used to I share a lot of facts with him. He didn't like that. But even he can agree. Yeah, this does not look good. Yeah, of course. Anybody with a normal sense of logic and reasoning can see something is fishy here. And I think Jay Clayton should be investigated to these two corrupt government officials. Obviously, they're not at the SEC anymore. And it's funny, I often criticize both of them, especially Jay Clayton. He's the chairman. He rubber stamped everything. Then he filed a lawsuit against Ripple and ran out the SEC door the next day. Then he goes to work for a crypto company. These guys are scumbags. Right. They're supposed to have integrity. And serve the people. They're there, you know, working in government, using the taxpayer dollars. And yet they're doing all kinds of nonsense like this. But guys, I hope I hope Congress and some folks in the House Financial Services Committee take action and they, you know, go ahead and launch an investigation. I think we deserve that. And look, big shout out to John Deaton, who's been beating the drum on this for a long time and as well as the people at Empire Oversight, the nonprofit whistleblower organization, which did a lot of FOIA requests, sue the SEC to get the Hinman documents, emails and much more. And of course, we saw they were colluding with Joseph Lubin and Vitalik and much more. Right. So John Deaton did a full post on this. I'm not going to read through everything, but essentially saying, look, if crypto is going to stand back, Mifrides and Alex Mashinsky, we need to be held accountable. The cleanup includes the unelected bureaucrats who sold out. Well put, John. And look, people call John a scammer. They called him a liar. They call him a conspiracy theorist. But he was right all along. And the folks at Empire Oversight got a lot of the information, all the facts that we were looking for. And we know a lot of people who were attacking John were those trying to cover it up because they knew what happened. But the truth will come out. Everything done in darkness will be brought to light, folks. So I'm hoping Congress launches an investigation in order for us to get that. We have to keep using social media. We have to keep contacting a representative. So if you're not on Twitter, please get on Twitter. Follow me. Start retweeting John, myself, all these all these facts that we're putting out there to get the attention of Congress and to hold these folks accountable. Now, let's move ahead. Ripple and Rocky Mountain Institution are proud founding partners of Centragate Earth, a new open data platform that brings increased transparency, trust and integrity to carbon markets. Centragate powers the next evolution in carbon markets. So the TLDR here is there's a lot of tokenization on blockchains around carbon credits. And Ripple is working with different folks to get this done. And of course, the XRP ledger will be a solution for for these folks to do that. You know, they highlight that here in the article. Ripple, for example, they said Ripple and other industry players recognize that blockchain can be a catalytic tool for helping global carbon markets reach their full potential. As its core, blockchain enables more efficient transactions. Unlike proof of work blockchains, the open source blockchain technology that ripples that powers Ripple solutions, the XRP ledger is natively sustainable, requiring low amounts of energy and no cryptocurrency mining. The XRP ledger is the first major blockchain to achieve net zero status through the purchase of renewable energy for its remaining energy use. So pretty clear the goal here and with tokenization. So that's big unlocking new utility and use cases, folks. Now, we got news here of a new crypto fund about to launch. So CF Private Equity is building a blockchain fund. It appears to be the first fund dedicated specifically to blockchain investments for the business. So we're seeing all the TradFi hedge funds, investment firms, they're launching crypto funds. Of course they are. Right. We saw it with Paul Tudor Jones and Stan Druckenmiller and the list goes on and on and on. So the firm known as Common Fund Capital, prior to a rebrand at the beginning of this year, has hinted at its crypto interests since 2018. But CF Private Equity, according to an SEC filing from the beginning of August, is preparing to launch what appears to be the first fully digital asset private equity venture. The move is perhaps the most telling indicator yet of the firm's crypto ambitions. The vehicle's filing indicated an expected fund raise of one hundred million dollars. But it's possible the disclosed figure only pertains to the fund's first close. A spokesperson for the company declined to comment when reached. Folks, again, I know I ask this and I say this a lot. Do you see what's happening? Right. Watch what they do, not what they say. I see a lot of capital flowing in this market. I see building and adoption funds being launched, and that makes me very bullish. Now, let's end it with some news here. We started the podcast with some news about stable coins. Now we got some news around Huobi. So Huobi dismisses plunging stable coin reserves as FUD. Exchange spokesperson refuted claims that any team members have been detained by Chinese authorities. In my opinion, Huobi seems like a dying company. It's connected to Justin Sun, with Tron and much more. Look, I would stay away from Huobi, folks, and Justin Sun. I don't know what that dude is up to. I've just seen a lot of shady activity from him. So following speculation that Chinese officials detained some Huobi executives, the crypto exchanges stable coin reserves have dwindled as much as 34 percent in the past week. Local Chinese media reported that law enforcement detained at least three Huobi executives. Allegedly, some employees were sent an urgent notification advising them to depart the country at the earliest. Adam Cochrane, a partner of Sinem Hain Ventures, relayed information. He alleges came directly from a high ranking executive at Tron, stating that team members were facing a criminal probe tied to the activities associated with Huobi. So we'll see, folks. Things are not looking too good here. If you are a user of Huobi, I would highly recommend you be very careful here. You know, I would avoid this platform at all costs, guys. There's something happening here where there's smoke that expires, so please be careful. All right, folks, that's the news. Please be sure to check out my interview with Brock Pierce. He's a crypto OG and legend. Guys, we talk about everything. He's one of the co -founders of Tether. So, you know, he has great perspectives on the crypto market. Be sure to check out that interview as well. And let me know what you think about the PayPal news. I think this is very bullish for the crypto market. And we're going to see stablecoin wars heat up. We're going to see game theory play out other. Look, I wouldn't surprise me tomorrow if Amazon launch a stablecoin and they call it Primecoin, right? Because they already have Amazon Prime. Guys, the future is bright for this market. Ignore the FUD. Be prepared for the volatility that just comes with the market, but that swing, the swings that go very low also go very high, my friends, and it allows you to make money. But you got to be patient and you have to know when to enter the market and when to exit when there's blood on the streets and fair, you buy the dip dollar cross average when there's euphoria and everybody and your Uber driver and grandma are telling you about Bitcoin. That's the time to sell. We've we've seen this, right? If you've been here multiple times for multiple bull markets and bear markets, you know the deal. For those of you who are new, you got to put your emotions to the side. You got to spend time researching and educate yourself. That's super important. All right, folks, let me know what you think. Leave your thoughts and comments below. Hit the thumbs up button, hit the five star rating, and I'll talk to you all later.
The Eric Metaxas Show
A highlight from Michael Thompson
"Welcome to The Eric Mataxas Show. It's a nutritious smoothie of creamy, fresh yogurt, vanilla, protein powder, and a mushy banana for your mind. Drink it all down. It's nummy. I want vanilla. I want vanilla. Here comes Eric Mataxas. Hey there, folks. Welcome to the program. It is my privilege and joy to have as my guest right now for the whole hour my friend, Pastor Mike Thompson. Pastor Mike Thompson, welcome back. Oh, I'm so glad to be here, Eric. Wow. It's a great day to talk about wonderful things in the United States and about the power of the kingdom of God here. Yes. A little excitement and encouragement is not a bad thing, especially when it's not phony. And it's not phony. You're not blowing smoke. I tell people this whenever they ask about you. attracted What initially me to you and kept me listening to you on YouTube is that you are very sober -minded. When you say something positive, I know you're not putting it on. I know that it's real. It's true. I want to tell people, if they're not familiar with you, that you've just written a book, which I recommend very highly. It's called Third Heaven Authority. I want to talk about that in a few minutes. But I think so much of you and so much of the book, Third Heaven Authority, that, of course, I wrote the foreword to the book because I really want people to be familiar with you. And they can be familiar with you by reading the book because there are tons of stories in there of who you are and things you've experienced and about the concept of Third Heaven Authority. So I want to be talking about that. But you, I believe I've said it before probably a few times, that you were one of those very, very few people, in some ways the main one, who gave me hope during the darkest days after the stolen election of 2020 and all of the things that were happening. And voice your from your pulpit on your YouTube channel gave me hope because it didn't feel like you were in some kind of an echo chamber telling people what they wanted to hear or what they hoped was true. But you were really saying what you'd heard from God. Now, I'm sure there are people listening who say, heard from God? What are these people, nuts? Turns out we're not nuts. you're Turns out mistaking us with people who are nuts. This is serious. But we do take it so seriously that we understand that it would challenge some people. They say, well, that's, you know, that's a bridge too far. I'm not sure I can go there. Well, stick around or you can read Mike's book, Third Heaven Authority, because these are important things that we know that we can hear from God and we know when we hear from God and when we don't hear from God and then we don't make it up and say we did hear from God. So but you've been encouraging, Mike, very encouraging to me because you have said over and over that God is not done with this country. And he has spoken to you in various ways explicitly about that. So I want to talk about that a little bit. What why do you say that, you know, God is not done with America and that it is his will that we pray America back to God? Oh, absolutely. You know, I firmly believe that in the natural realm, so to speak, I mean, you got to understand, of course, we're human beings. We live in the natural realm, but we also live in the spiritual realm because, you know, we have a human spirit on the inside that it receives Jesus as our Lord and Savior when we accept him. Holy Spirit lives on the inside of us. That's the eternal part that when we go through physical death that goes on in to heaven to be with the Lord. So there's a natural realm and there's a spiritual realm. My point being, Eric, is that it's easy sometimes because of our training to see what the devil is doing in the natural realm to see what's going wrong. And if we just focus in on that, then of course, we're going to be discouraged. But we're also spiritual beings. And so we have the capacity to be able to see the form of the Lord, to see what God is doing, to hear it by revelation from the scripture. And, you know, the Lord, I'm one of those guys, you mentioned it, you know, very prophetic, been having those encounters all of my life, 45 years of ministry. And I just I see things, I hear things, I know things in the Spirit, and they're all encouraging when you see what the Lord is doing in the circumstances that may be ominous, that may be dark. We focus on what the Lord is doing. And that kind of faith is what brings us to the point where even I wrote the book on Third Heaven Authority, a prayer book to teach people how to see in the spiritual realm, to see the form of the Lord. And then with the spiritual authority to be able to engage in that and help God. A lot of people say, well, help God? God doesn't need any help. He does, because it is God moving through his body, his believers, those who have accepted him. Let's be clear. The Lord designed it that way. So, you know, on some level, God doesn't need help, but he chose us and created us in his image to be a part of what he wants to do. So if we don't do his will, he has given us the freedom because we're made in his image to not do his will or to do his will. He's given us that freedom. And so he exhorts us to do his will to participate with him in what he is doing. So when people act, as you just said, like, I don't need to do anything. It's like, well, that's not God's design. God's design is that he created you to do something, but he can't force you to do something. So it's an amazing privilege that we have as those made in his image and born again and filled with his Holy Spirit, that we actually get to participate in his will and in being a part of what he wants to do in history. And I think that's a big it's important that you brought that up, because a lot of people have a misunderstanding on that. You get people that are really fatalistic and they think, oh, it's all over. And they act like there's nothing they can do, even potentially, to make things move in the right direction, like it's been decided. And and you I know that that's that's not right until the Lord decides he hasn't decided. And they're acting. They're putting themselves in the role of God and saying, oh, it's done. It's got we're under judgment. It's over. And God hasn't said that. No, not at all. I believe that God's hand is still on America. You know, Jesus gathered his disciples together and he said, go into all the world and preach the gospel. He didn't say go home, make bologna sandwiches and wait for me to do it all. He said, go. And in Matthew 16, you know, where he said that I've given unto the ecclesia of the church, the keys of the kingdom of heaven. Therefore, whatever they bind on earth is bound or shall have been bound in heaven. And whatever they loose on earth shall have been loosed in heaven. So he uses us. He flows through us and hence your book on the letter to the American church. You know, it's activate. Believers need to be activated. They are the enforcers in the earth realm of the kingdom of heaven. When I wrote the book, Letter to the American Church, I'm not prophetic, obviously, in the way that you're prophetic or or or Chris Reed or Dutch Eats or Hank Kunneman or, you know, but I do know that the Lord called me to write that and spoke through me in that in a different way than he speaks to you and to others who are gifted as prophets in the office of prophets who move in the prophetic as we as we say. But I don't believe the Lord would have called me to write Letter to the American Church unless it was his will that people would read it and be activated by it. Brought to repentance because of their inaction and say, you know what? I got it wrong. I believe God is exhorting me to to get involved, to speak out, to be part of God's solution and stop being apathetic and really selfish and doing nothing because so many lives depend on it. We're going to go to a break, but we've got the whole hour with Pastor Mike Thompson. I want to encourage you folks, please, to get to know Mike Thompson, to follow him on YouTube. He and his wife, CK, have a channel and to get his book Third Heaven Authority. As I said, I wrote the forward to it because I believe that God speaks through Pastor Mike Thompson. And I want you I want you to be encouraged, as I have been encouraged by his ministry. So the book is Third Heaven Authority, and we'll be right back every day. 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The Eric Metaxas Show
"reed" Discussed on The Eric Metaxas Show
"Chris, you're doing something with our friend Lance Wallnau, you said. I don't know if you want to mention that. Yeah, it's June 25th and the 27th here at Morningstar. It's called the New Era Conference. Era is an acronym for Education Reformation Association. And in light of all of the woke ideology that's going forth in much of the public school system, what our kids are being taught, many parents became aware of that during covid. The Lord really began to speak to me to say that the church needs to be on the cutting edge of speaking to saving the next generation, equipping and training homeschoolers, those who are starting a Christian school, private school, a micro school, a homeschool co -op. Or if you're just a parent or a grandparent that says, how can I help? How can I stay the next generation and see alternative education? What can we do? How can we strategize? How can we come together and plan to combat this attack from hell on our next generation? Because I saw that when the ending of abortion Roe v. Wade happened, the principality of death took a blow. So the principality of perversion has now come into America. And so go to if anybody's interested in this, we're just 15 minutes south of Charlotte. You can fly into Charlotte. We're 15 minutes south. mstarevents Go to .com, mstarevents .com and scroll down. You'll see the new era conference. It's just two or three day conference. I'll be speaking, Lance Walnau will be speaking. And we have a staff of people here who work in our Christian school here with our K through 12 here at Morningstar, which has about 200 students. And we're going to talk about what God is saying and how we can change the trajectory of education and save a generation. You know, we call a conference for the prophetic or worship and we sell the place out. But it's like when you talk about a conference for the next generation, something that goes beyond just bettering yourself, how can we help the next generation? That's not everybody's thing, but I believe there are people that are hearing this for a purpose. You're not just hearing this broadcast by coincidence. God wants you at this. And so I encourage you, June 25 through 27 here at Morningstar Ministries in Fort Mill, South Carolina, go to mstarevents .com and register there for the new era conference. It will give you a great sense of purpose in seeing what God can do. And it is clear that we know we have our work cut out for us, that that we have been coasting along. Much of the church has been coasting along and we've really allowed hell free rein in the culture, in the education. We've got to take it back. It's not just enough to get people saved or to read our Bibles like that's that's the beginning. And then we've got to take that faith and we've got to bring it into every sphere wherever I go. That's what I'm talking about, usually around my book, Letter to the American Church. I'm just trying to tell people that, you know, saying, oh, I'm a Christian, I have this theology, that's nothing. You've got to then take that and live it out and act it out. And we've been very passive in the church. And so I'm glad you're you're doing this, Chris, so people can go to M Star. It's Morning Star M Star Events Dotcom. That's June 25th through 27th. New era. Yeah. Look for the new era link. And let me say this, too. If Glenn Youngkin could win on this issue last year as governor in Virginia, in a blue state. Right. The church shouldn't be leading from behind on this. We should be. This is an issue that could change the twenty twenty four election in our favor if we speak to this prophetically. All right. Well, Chris Reed, just always a joy to have you, my friend. I want people to check you out. Chris Reed Ministries Morning Star TV Dotcom and the new book, The Seven Spirits of God. Chris Reed, thank you, my friend. Thank you. Very good to see you. The it's always the right time deal. They want to go to Mickey D's for lunch. Oh, let's go now. But it's not lunchtime yet. If we're going to McDonald's, it's always the right time. It's hard to argue with that. There's a deal for every lunch hour at McDonald's. Now's the time to get two for three ninety nine. Nixon match a four piece McNuggets, a McDouble, a McChicken or a hot and spicy McChicken. Price of participation may vary, cannot be combined with any other offer single item at regular price..
The Eric Metaxas Show
"reed" Discussed on The Eric Metaxas Show
"Chris, you're doing something with our friend Lance Wallnau, you said. I don't know if you want to mention that. Yeah, it's June 25th through the 27th here at Morningstar. It's called the New ERA Conference. ERA is acronym for Education Reformation Association. And in light of all of the woke ideology that's going forth in much of the public school system, what our kids are being taught, many parents became aware of that during COVID. The Lord really began to speak to me to say that the church needs to be on the cutting edge of speaking to saving the next generation, equipping and training homeschoolers, those who are starting a Christian school, private school, a micro school, a homeschool co -op. Or if you're just a parent or a grandparent that says, how can I help? How can I stay the next generation and see alternative education? What can we do? How can we strategize? How can we come together and plan to combat this attack from hell on our next generation? Because I saw that when the ending of abortion Roe v. Wade happened, the principality of death took a blow. So the principality of perversion has now come into America. And so go to if anybody's interested in this, we're just 15 minutes south of Charlotte. You can fly into Charlotte. We're 15 minutes south. mstarevents Go to .com, mstarevents .com and scroll down, you'll see the new era conference. It's just two or three day conference. I'll be speaking, Lance Wallnau will be speaking. And we have a staff of people here who work in our Christian school here with our K through 12 here at Morningstar, which has about 200 students. And we're going to talk about what God is saying and how we can change the trajectory of education and save a generation. You know, we call a conference for the prophetic or worship, and we sell the place out. But it's like, when you talk about a conference for the next generation, something that goes beyond just bettering yourself. But how can we help the next generation? That's not everybody's thing. But I believe there are people that are hearing this for a purpose. You're not just hearing this broadcast by coincidence. God wants you at this. And so I encourage you June 25 through 27 here at Morningstar Ministries in Fort Mill, South Carolina, go to mstarevents .com and register there for the new era conference. It will give you a great sense of purpose and seeing what God can do. And it is clear that we know we have our work cut out for us that that we have been coasting along much of the church has been coasting along. And we've really allowed hell free rein in the culture in the education. We've got to take it back. It's not just enough to get people saved or to read our Bibles like that's that's the beginning. And then we've got to take that faith and we've got to bring it into every sphere wherever I go. That's what I'm talking about, usually around my book, Letter to the American Church. I'm just trying to tell people that, you know, saying, oh, I'm a Christian, I have this theology. That's nothing you've got to then take that and live it out and act it out. And we've been very passive in the church. And so I'm glad you're you're doing this, Chris, so people can go to M Star at Morningstar, mstarevents .com. That's June 25th through 27th. New era. Yeah. Look for the new era link. And let me say this, too. If Glenn Youngkin could win on this issue last year as governor in Virginia, in a blue state. Right. The church shouldn't be leading from behind on this. That's right. We should be. This is an issue that could change the 2024 election in our favor if we speak to this prophetically. All right. Well, Chris Reed, just always a joy to have you, my friend. I want people to check you out. Chris Reed Ministries, MorningstarTV .com and the new book, The Seven Spirits of God. Chris Reed, thank you, my friend. Thank you. Good to see you. The it's always the right time deal. Hey, want to go to Mickey D's for lunch? Oh, let's go now. But it's not lunchtime yet. If we're going to McDonald's, it's always the right time. It's hard to argue with that. There's a deal for every lunch hour at McDonald's. Now's the time to get two for $3 .99. Nix and match a four piece McNuggets, a McDouble, a McChicken or a hot and spicy McChicken. Price and participation may vary, cannot be combined with any other offers, single item at regular price..
The Eric Metaxas Show
"reed" Discussed on The Eric Metaxas Show
".m. MorningStarTV .com and Chris Reed Ministries YouTube. It's also on the PTL Jim Baker Network. There's other couple stations about to pick it up. It's called Prophetic Chronicles. I've recorded just this year, since February, 25 episodes of where I've given people words and actually have people on my team make sure that the stuff I've told them in prophetic words to strangers, to people that I don't know, that it can't be found about them on Facebook, it can't be found about them online. And I interviewed those people. It's a 30 -minute program. The clip of the prophecy is shown. The person I interview says this is the story leading up to getting this prophetic word. Here's what happened since then. I was dramatically healed, delivered. My life drastically changed. And many of these are where God has shown me a dream someone has had that they've never shared. I just did this past Sunday. In fact, here at MorningStar, I called a man out. I didn't know the man at all. I got his middle name and I got his brother's first name and last name and that God was coming to save his brother and his brother's family. His brother had been shot. And here I said, I see this dream. And it was this detailed dream about the harvest and seeds and enemy coming in and sowing tears and the color of the sky and a storm coming in. And he confirmed he had that dream exactly. the I watched video and it's astonishing. But, you know, what's interesting to me is on the one hand, it's astonishing. On the other hand, if you can't claim to believe in God, this is the kind of thing that God does. It's just that we've gotten used to the idea of God. He doesn't do it anymore. That's not good. He does do it. And so I saw the video of you describing the dream this man had. Now, it's only because God told you, because God knows these things. And it's confirmation, obviously, of the gift that God has given you so that we can take seriously what God is saying, not what you're saying, what God is saying through you. Right? Yeah. And my whole desire and goal is to raise up a company of people that can hear. That's what morning starts about. That's why we have the School of Prophets that starts in September, one weekend a month. We do all of that to train other people, you know, how to hear the voice of God. Because I don't consider myself anything special. That's not a false humility. I don't. But this is why I wrote in this book, The Seven Spirits of God. It's really about walking in the fullness of the Holy Spirit. And I know, you know, people go to Amazon and get things fast and cheap, and it is there. But they can also go to MorningstarMinistries .org in order. It helps us. This will really begin to help somebody to hear God for themselves. A prophet usually will only confirm to you what you can already hear from God yourself. And so that's why I'm so passionate about the church, walking in the fullness of the Holy Spirit. Listen, you and our friend Ken Fish, we're all saying the same thing. This is for everybody. This is not just for a select few. We're talking to Chris Reed. We'll be right back. His book is The Seven Spirits of God. And you go to Morningstar Ministries to get a copy. We'll be right back. Hey, folks, talking to Chris Reed of Morningstar Ministries..
The Eric Metaxas Show
"reed" Discussed on The Eric Metaxas Show
"Before I continue the conversation with our friend Chris Reed of Morningstar Ministries, I want to remind you nefarious the film about demonic possession that all of the woke critics hate, but everyone who watches it loves. It is available at Salem now dot com. In fact, it's the number one film at Salem now dot com. It's a tremendous film. I have seen it. I recommend it. Many people whose names you'd know besides mine have recommended it very strongly. Jim Caviezel, Dinesh D 'Souza. It's the film is nefarious. You know, it's not for kids, but teenagers. Absolutely. It's a it's really a great film, nefarious Salem now dot com Salem now dot com Chris Reed. We're talking about the things of the spirit and you have grown up knowing this stuff is real. But there are lots of people out there who I think are just beginning to wake up to this kind of thing that that God is alive, that he speaks to people. But we've all grown up with the idea that anybody involved in that stuff, they're charlatans and there have been movies made. They always see those who are charlatans. They've got an earpiece. They're playing a game and they're just they're just in it for the money. And I don't doubt that there have been some like that, but I've never seen anything like that. I've only seen people who are really humble men and women of God who take this stuff very, very seriously. And I know you do. So you're talking to us about things that God has said to you about the about the future. And again, many of us, we say, oh, I believe in God. Well, if you believe in God, you believe he's outside of time and space and that he operates in history. Surely it's logical to believe that he could speak to us about the future. He's speaking to prophets in the past about the future. And a lot of people just batted away or they don't want to deal with it because we're living in such a secular culture. But that needs to end. People need to take this stuff seriously. You've said, for example, that God's hand is on Donald Trump. He will get the nomination. You had said something about that something would happen in Florida eventually that would make Ron DeSantis have to drop out, maybe a natural disaster of some kind. The Lord showed me that before he could ever be promoted to D .C., he would have to pass a third test. The first test was COVID. The second test was Hurricane Ian that hit the west coast of Florida last fall in the fall of 2022, which, by the way, is documented. I prophesied in June of 2021, so two years ago, I prophesied a hurricane that would aim toward the west coast of Florida. It'd be once in a 100 year hurricane. It would be aimed for, I guess it was St. Petersburg in that area. And of course, it diverted south at the last minute, but it was headed straight for Tampa, which is what I said in the prophecy. I think there will be a third one he'll have to pass, and I think it's going to be some kind of natural disaster, oil spill, something like that that will happen in Florida. But what I saw, particularly with he and Donald Trump battling it out, we all know that Trump is, I mean, even the Democrats are saying he's going to eat these people alive when he's debating them on the primary stage. Something will happen that will hurt DeSantis, and Trump will come out ahead, and I think the vast majority of the conservative Republican Party will unite behind him. Now, let me just stay in response to what you just said about people, you know, with the documentation of people who've been frauds and the prophetic. This is one of the reasons why I have done things. I have on my YouTube channel every Tuesday night at 6 30 p .m. Eastern and on MorningStarTV .com, I have a weekly show that comes out at 6 30 p.
The Eric Metaxas Show
"reed" Discussed on The Eric Metaxas Show
"Back. Talking to Chris Reed of Morningstar Ministries. Chris, you have a book out new book called Seven Spirits of God. And you are prophetically gifted. I've seen this in person. I've experienced this in person. And the only you know, there's two conclusions people can make. Either you're a charlatan working for the devil in yourself or you actually hear from God. As far as I can see, it's the latter, not the former, which is why I have you on the program, because this is a big thing when God speaks to people and I take it very seriously. know, So you we've been talking about things that are in the news. What else can we talk about? What have you been hearing? I mean, for example, I don't remember. Did you say that God had spoken to you at any point that Trump would be back in office? Because various prophets have said that others have back. You know, it's always confusing. But I trust you. So what what what have you heard along such lines? Well, what I have not heard who will win the 2024 election, but I have heard I do believe that Trump will get the nomination. And I'll tell you what I think will happen. One of the prophecies that I gave last year and this past year was that the newspaper would document the Ronald versus Donald, you know, in the primaries, Ron DeSantis and Donald Trump and how that. And sure enough, there was an article that come out said Ron versus Don Ronald versus Donald after Ron DeSantis announced he was running. I do think that he will be a future presidential candidate, but I don't think it's his time. I still believe that Trump is anointed for this. And I think that he is facing a level of unprecedented attack. I mean, anybody knows this is not conspiracy theory. He is indicted and no former presidents ever face this on multiple, multiple situations. And so what I believe, what I've seen happen and I've been saying this, people can find this. I've been saying this over two years that I saw a woman of color and I don't know if it's Hispanic, black. I can't say that, but I know I saw the woman of color that would come alongside Trump right at the right time. And how she would begin to articulate a lot of the things that he has said that many people have shut him out or they just said, you know, this is too far. We just want to move on to somebody else. He's damaged himself too much. And she'll come along and say something or do something that will help begin to redeem him in the hearts and minds of those who maybe have lost faith or thought there's no chance he could win in 2024. And she's going to help restore him, not just because she's a woman of color, but because she's going to show proof and show evidence that some of this stuff that he has been claiming all along that's just been written off. There's truth to this and she will cause people to take a second look and say, oh my goodness, that's why he had to have the personality that he had that irritated people still wrong. He is fighting something so corrupt and so evil and he's the thing that's standing between the government and all of us. And so I believe this woman of color will help him and stand with him as well. And so the other thing that I would say too, and I can't say these two things are connected, but one of the other things that I've saw, of course, we're 15 minutes south of Charlotte. And so, but we're in South Carolina. And at the beginning of this year, in one of the services, the spirit of prophecy came upon me and said that there will be someone from South Carolina who will be on a future, a soon future presidential ticket. I can't say that's 2024. God didn't say that, but he did say someone would be on a presidential ticket from South Carolina. Automatically, my mind thinks of isn't it Nikki Haley? Isn't that her name? Was the governor here? I know that Tim Scott is from South Carolina. And I think Nikki Haley was the governor of South Carolina at one point. I can't remember which Carolina she governed. South, I'm pretty sure. And it was before I lived here. But either way, I can't say that it's her, but I did, you know, we all know in part, we see in part, the Bible says that. And so when I give prophetic words, I really am trying to only say what I hear God say because of that. We know in part, Paul said, we see in part, we prophesy in part, when we only get a part and we prophesize if we have the whole, that's when we get in trouble. So I'm really trying to only share what I'm hearing God say. But I really, you know, I was saying China would attack Taiwan back in 2018. These are not just recent things. I think we are going to see that it seems like it comes back around every few weeks or few days. You know, China almost, you know, bumps into an American ship or sends war planes over over China. But I do think over Taiwan, excuse me. But what I do think we are seeing beyond a shadow of a doubt is how much China has been involved in all the nations of the earth, even in Europe, even in America. are And they wanting this mass illegal migration, not just in the U .S., but in these European nations. And it's simply because they want to cause the disruption and weaken these nations so that they can take the driver's seat. And the thing that will help save these nations, including European nations, is going to be a patriotism rise up amongst these people that say we cannot keep sustaining all of these illegal immigrants coming up from Asia and Africa into Europe or South and Central America, up into the U .S. and Canada. We can't sustain that. And so that globalist one world order, one world government that is pushing people to not respect national boundaries, it's going to be national sovereignty and patriotism..
The Eric Metaxas Show
"reed" Discussed on The Eric Metaxas Show
"When we come back, I want to talk more about this and everything. I'm talking to Chris Reid with Morningstar Ministries. You can find him at Morningstar Ministries and at Chris Reid. And the book is The Seven Spirits of God, The Seven Spirits of God. We'll be right back with Chris Reid. Tell me why Relief Factor is so successful at lowering or eliminating pain. I'm often asked that question. Just the other night, I was asked that question. Well, the owners of Relief Factor tell me they believe our bodies were designed to heal. That's right. Designed to heal. And I agree with them. And the doctors who formulated Relief Factor for them selected the four best ingredients. Yes, 100 percent drug free ingredients. And each one of them helps your body deal with inflammation. Each of the four ingredients deals with inflammation from a different metabolic pathway. That's the point. So approaching from four different angles may be why so many people find such wonderful relief. If you've got back pain, shoulder, neck, hip, knee or foot pain from exercise or just getting older, you should order the three week quick start discounted to only nineteen ninety five to see if it'll work for you. It has worked for about 70 percent of the half a million people who've tried it and have ordered more on one of them. Go to relief factor dot com or call 800 for relief to find out about this offer. Feel the difference. Legacy Precious Metals has a revolutionary new online platform that allows you to invest in real gold and silver online. In a few easy steps, you can open an account online, select your metals of choice and choose to have them stored in a vault or shipped to your door. You have access to a dashboard where you can track your portfolio growth in real time. Any time you'll see transparent pricing on each coin and bar. This puts you in complete control of your money. The platform is free to sign up for. Visit Legacy PM Investments Dotcom and open your account and see this new investing platform for yourself. Gold hedges against inflation and against the volatile stock market. A two diversified portfolio isn't just more stocks and bonds, but different asset classes. This new platform allows you to make investments in gold and silver no matter how small or large. With a few clicks, visit Legacy PM Investments Dotcom to get started. You're going to love this free new tool they've added, Legacy PM Investments Dotcom, Legacy PM Investments Dotcom. Check it out. Folks, welcome.
The Eric Metaxas Show
"reed" Discussed on The Eric Metaxas Show
"In fact, it was just within the last couple of days. I'm sure you're well aware and your audience is well aware that one of the senators actually now has said that the Burisma executive has audio recordings that he kept as an insurance policy to to show two conversations, at least with Joe Biden himself and others with Hunter about how they were securing political decisions in their favor. When Joe Biden was vice president, if they would pay Hunter Biden a certain amount or give Hunter Biden a certain amount of put him on the Burisma board. And so this is a pay to play. This is this is a selling out. And these recordings are going to come forward. I think this is only started. And what the Lord said to me, this would be a summer to remember. I think this summer will be historic and people will look back on it. It'll be one of those moments in American history where we saw man, something major happened. There was change. And I still firmly believe that Biden will not finish his term. I'm convinced of that. He will not finish his term. And I think they may spin it off as a health crisis or something like that. But the real reasoning is, I think that even the Democratic Party, with his age, with his mental incapacity, which I'm not making fun of anyone for that. But when you add that with his legal problems and you add that with the mounting evidence and audio recordings. I mean, this is the very thing that happened. I believe with Tucker Carlson, you get close to exposing the truth and the movers and shakers will shut you down. They'll shut you off because you're getting too close to their secrets that keep their corrupt system propped up. And I believe God is exposing it. It will happen. Well, I believe it, too. And I think a lot of people, myself included, think, how long, Lord? How long? It's just so difficult to see very little happening. I don't know what it's possible to do in Congress or in the Senate or what's going to happen, but you're quite right. These things are coming out. They're coming out slowly, but they're coming out increasingly. And I know you've said prophetically that God has said to you, Biden will not finish his term. I that makes sense to me. It makes sense to me that he becomes more of a liability every single day and that they're going to have to dump him. We don't know what they're going to do. I keep thinking it would be wonderful if Kamala Harris became president, be the greatest gift ever to see the madness on display of who she is and of what the Democrats are doing. So what else is God saying to you that that I haven't heard you talk about? You gave a lot of prophecies at the beginning of the year are really a dramatic litany of prophecies. Anything that comes to mind about that? Yeah, so and I've done this the last four or five years, much of these prophecies that I even gave this year, I have documentation that I got them back three and four years ago. Let me share this one with you and then I'll tell you what I think is happening next. This was also that I got this on back in October. This is incredible and I want to take out one word and you tell me if you do not think this is a fulfillment. OK, here it is. A hijacked aircraft that will suddenly become a mystery in the skies. It will carry significant information, intelligence or some sort and will be missing and then will reappear and then go missing again. I can't see all of the details about this, but this will be a major news story. I saw it having something to do with coming down from Canada, but China will be involved. Well, if you take the word aircraft, that one word out and you put in balloon. Yeah. I mean, you know, oftentimes prophetic people will describe things in the language that they understand. But wait a minute. A balloon is an aircraft. Let's be very clear. A balloon is an aircraft. But when you say hijacked, that part I don't get. In other words, I thought that the balloon was sent from China. So how is it hijacked? I'm not clear on that. Yeah. Well, what I would say with that is I think that it has to do with it was almost like it was it diverted its course. I somehow I don't understand that part either. But it's like somehow it and we all know that this thing almost had to work in cooperation with our federal government. I mean, because they kept saying, well, we couldn't we couldn't shoot it down until it was, you know, off the coast. But it isn't an interesting how the next week or two after that, they shot down multiple crafts over land. So it's like it doesn't make sense. So I don't know if someone took control of the direction of where this thing was going as it came down from Canada into the United States. I don't know if it was, you know, something that was used for the purpose of gathering intelligence as it went over our major military units. I don't know. I'll just be honest with you. I really don't know the fullness of why I felt to say hijacked. But it was certainly something that wasn't supposed to happen. And then it appeared and some people would see it. Then it would disappear. And it was a citizen that reported it. Our intelligence didn't even see it at first. Or did they? Nor have we heard what happened? What was in it? We just disappeared. Yeah, it just goes out. It was involved. Yeah, that's exactly right. Yeah. Well, listen, I mean, I think China is behind much of what is happening. I think we're at war with China, whether we know it or don't. It's a cold war, except during the Cold War, we our side knew we were in a cold war and we were fighting a cold war. We now have people in our government who are effectively working against the United States, working with China..
The Eric Metaxas Show
"reed" Discussed on The Eric Metaxas Show
"Back. Talking to Chris Reed of Morningstar Ministries. His new book is The Seven Spirits of God. Chris, what what is God saying to you about the Trump indictments, about boxes? I mean, we are living through such a loony time right now. I have confidence that God's hand is on this nation and that he is with us in the middle of this madness, that he wants us to get through this madness and that we will. But what is God saying to you prophetically about what is happening along those lines? And we talk about all kinds of other stuff that you've been hearing as well. Yeah, well, this is something that I think what we're seeing is the pot calling the kettle black. Everything that Trump is being indicted for is actually a way for the I believe there's, without a doubt, a deep state. I believe that there are government agencies that are so much in the pocket of the Democratic Party or an extension of the Democratic Party that it's like they're indicting Trump for the very things that Biden is doing. And it's coming out at the same time. For instance, November the 1st, I had I wrote down a prophecy. I shared this, you know, it's on MorningStarTV .com. It's on my YouTube channel, Chris Reed Ministries about the Biden boxes. This is before the midterms. This is before the Biden boxes hit the news on January the 9th. That's when we first found about about the boxes in multiple locations that Biden had. But this was the prediction that I had Biden boxes and billionaires. I said Chinese bribery will be exposed and their influence in American politics and even the swinging of the 2020 election will come to light. This will tie in with the Hunter Biden laptop scandal, which will go in full exposure. I see inquiries and boxes being opened, which will reveal smoking gun secrets that will prove Chinese involvement, Chinese money involved with Biden's elections, secrets being exposed even through the courts and House inquiries that will shock the world. Boxes, boxes, boxes full of horrible stuff. That was November one. OK, so that's documented. And again, you know, I know there are people listening to this program who are thinking, what what is this guy, a psychic? No. Close, but no. God speaks to people. And if you don't believe it, you can go to Chris Reed's own channel. You can go to MorningStarTV .com. You can look you can look into this and see what Chris said when he said it. And then you can see, well, did it did it happen? I'm I'm confident that this stuff is going to come out. But the the the the process is painful to have to go through this process. And it does seem clear that, you know, whenever they get close to doing anything with Biden, immediately they go after Trump more because they want to distract. But said you in what you just read, Chris, you have confidence that these things will be exposed. God said that to you. Yeah, I have total confidence..
The Eric Metaxas Show
"reed" Discussed on The Eric Metaxas Show
"To. Well, you know what? We're going to go to a break. Folks, we're talking to our friend Chris Reed. He's with Morningstar Ministries. The new book is The Seven Spirits of God. I will encourage you now and later to get a copy. Seven Spirits of God. We'll be right back with Chris Reed. Every day, the parallel economy grows bigger and bigger. It's powered by everyday Americans who are sick and tired of all the propaganda being jammed into every product they consume. Big mobile companies are no different for years. They've been dumping millions into leftist causes, and we had to take it because you needed a cell phone, probably thought there was no alternative. But now there is Patriot Mobile is America's only Christian conservative wireless provider offering dependable nationwide coverage on all three major networks. So you get the best possible service in your area without the woke politics. They're 100 percent U .S. based customer service team makes switching easy. Keep your phone. Keep your number to just go to Patriot Mobile dot com slash Metaxas, Patriot Mobile dot com slash Metaxas or call 878 Patriot. Get free activation today with the offer code Metaxas. Ask about their coverage guarantee while you're there. Get the same dependable service and take a stand for your values. Make the switch today. Patriot Mobile dot com slash Metaxas or call 878 Patriot nefarious. The number one movie at Salem now dot com is available to rent today. Nefarious is like a modern day screw tape letters ripping back the curtain on evil. Pastor Jack Hibbs says the movie captures what is going on today in America. Jim Caviezel, who played Jesus in The Passion of the Christ, loves this movie so much he watched it three times in just five days and says it's one of the most important films of the last decade. Matt Walsh, the filmmaker behind What is a Woman, calls it excellent. Dinesh D 'Souza calls it captivating, suspenseful and profound. Father Martins from The Exorcist Files calls it excellent. You've probably heard friends talk about nefarious because it's that good. Sean Patrick Flannery and Jordan Belfi give Oscar level performances in this movie based on the book by Steve Dace. You don't want to miss nefarious. The movie is the anti -woke antidote to Hollywood. The woke critics hated it, but audiences loved it, giving it a 96 percent approval rating. What movie gets 96 percent approval? .com Visit SalemNow or your favorite video platform to rent it today, even though it's still in theaters. If you want to rent it for your church or large group, visit MovieNight .com to rent it today or go to SalemNow .com. Welcome.
The Eric Metaxas Show
"reed" Discussed on The Eric Metaxas Show
"It's I really believe it'll change people's lives. Well, this is this is a background to this conversation that I want to have with you, is that what seems to be happening as I'm processing this? I've always believed since I came to faith seriously in 1988. I've always believed in all the gifts of the spirit that people get words of knowledge. God speaks to people that there there can be healing. There can be a prophetic, prophetic things that people that God says to people that God shows people visions. I've always believed in all that stuff. But it seems like that has been on the increase. And I think I always want to be clear with people that God is a God of history. I've been talking about this a lot lately. He's a God of history. He doesn't do everything the same way. He is the same, but he works in history in different ways. In 1906, there was the famous Azusa Street revival. There are these seasons where God does a new thing, pours out his spirit. We saw the Jesus movement, you know, around 1970. It seems like we are now in a season where God is speaking to more people. There are more people talking about hearing from God. You're one of those people. But can you comment on that? Because, you know, I think a lot of people that they have trouble with this to begin with. But I think that there are a lot more prophetic voices. I mean, or, you know, this could just be a trend. A lot of prophetic people are kind of out there and talking and we have the Internet. Or is it something you think God is doing uniquely at this moment in history for his purposes? I think everything that you said there has a part in this. There's always the good, bad and the ugly in every situation. But you're exactly right. History has noted that there have been times and seasons. Remember when Jesus was ascending, the disciples asked Jesus, will you at this time restore back the kingdom to Israel? In other words, will you in the first century liberate Israel from the Roman Empire's rule? And Jesus said to them, it's not for you to know the times and the seasons which the Father has put in his own power, but you will receive power after that. The Holy Spirit has come upon you. So I just think there are Kairos moments in history and Kairos, you know, I'll use this word convergence. It's like where heaven's rhyme meets Earth's rhythm and there's this intersection. And so there's this increase of supernatural activity. It's kind of like what you mentioned, Azusa Street, also the voice of healing in the 1950s. There were over 150 ministers that were traveling the United States, men like Oral Roberts, A .A. Allen, William Brown, men like that who were greatly used in documented healings and miracles. Then the Jesus movement, the movement amongst the hippies. And it was an incredible thing, but it didn't just stop with the hippies that came from the West Coast all across America. Then recently, the same time the movie came out about the Jesus revolution, the Asbury revival happened. And so while it seems like there's this convergence happening in the spirit world, it also seems like the world is seemingly getting darker and more corruption and more evil is rising. But it's like the Lord is raising up an equal or surpassing amount of his glory to combat against the darkness. I'll quote one last verse, Isaiah 60 verse 1 speaks of a time when darkness will cover the earth, gross darkness, the peoples. And then it says, then the glory of the Lord will rise or shine upon you. And so I think that when the world gets darker, God always has a remedy. And so I do believe, even though there's some confusion and there's many voices are rising and there's a sifting, it takes, you know, there's a process there. The real genuine move and intervention of God is happening in the earth. And it seems like we're repeating one of those cycles. And I don't know if it's the last one or not, but I'm believing this one's going to surpass all the previous ones. Well, I want to talk to you more about that, but let's talk about the news that we're going.
The Eric Metaxas Show
"reed" Discussed on The Eric Metaxas Show
"Ladies and gentlemen, we ask you now to count down from 10. Eric Mataxas. Hey there, folks, it's my joy to have a friend on the program. He's been on the program before. His name is Chris Reed. He's the head of Morningstar Ministries. Chris has what we call an extraordinary prophetic gift from God. Now, if you don't believe in that, I can't help you. But I want to tell you more good news. Chris has written a book called The Seven Spirits of God. And I want to talk about the book and about everything else. Chris Reed, welcome to the program. Glad to be with you, Eric. Always good to be with you. Are you still six foot seven? I am. That that's just going to be my initial question. But I remember you told me when I first asked you that, I said, how tall are you? And you said six foot seven. But that's only when I stand all the way up. And and I didn't know you well enough at the time to to know whether you were joking. And it turns out you were joking. So anyway, so you're six foot seven, but only when you stand all the way up. Chris, you have been on this program before. You have what we call a prophetic gift. God speaks to you. It's it's it's a it's a great gift. Is that what you write about in the new book, The Seven Spirits of God? Because I want to talk to you about a lot, but I want to make sure that people are aware that you have a new book out. What's what is the book Seven Spirits of God about? Why is it called The Seven Spirits of God? Yeah, it's called The Seven Spirits of God because in Isaiah chapter 11 verses one and two, it talks about how that when Messiah would come, that the seven spirits of God would rest on him and it names them in Isaiah 11 and two. It's the spirit of the Lord, the spirit of wisdom and understanding, the spirit of counsel and might, the spirit of knowledge and the spirit of the fear of the Lord. And what I talk about in this book is how that Jesus's baptism, you know, prior to his baptism, he hadn't done any miracles, even though he was born filled with the spirit. Something happened at his baptism when the Bible says that the heavens open at his baptism, the spirit of God descended and rested on him. So in other words, the Holy Spirit fills a lot of people, but it rests on fewer. And so I talk about how that the fullness, the number seven, is always the number of completion. And Revelation chapter one and chapter four and chapter five mention these seven spirits of God, which are before God's throne sent forth into all the earth. And even in the New Testament, the apostle Paul prays in Ephesians for the church, he says that he prayed that the spirit of wisdom and understanding would come upon them and the knowledge of him. The spirit of counsel and might is when the Lord would give direct counsel, for instance, tell the blind man to go watch in the pool of Siloam. He didn't just make that up. That was supernatural divine counsel for that man in that moment. And if he washed, the spirit of might would show up. And that's where the healing and the miracle came and he restored his sight and then the knowledge and the fear of the Lord. So many people have been reading this book and telling me I've read it two or three times like they started having real encounters with God. I know this sounds strange, but I feel like there's an impartation and I say that humbly. I feel like this. I didn't come up with this stuff. This is Revelation from on high. And a lot of people have experienced prophetic words, supernatural encounters with God after reading this, because it's about the fullness of the Holy Spirit. And what one of the things I say in the book is I said that the seven spirits of God resting on a person is when they come in the full supernatural ministry of Jesus Christ. The Luke four eighteen anointing. And I say the seven spirits of God are the nine gifts of the spirit in full maturity. And so I just really draw a distinction about the next level of supernatural that we've all been believing for, praying for, that the world needs. And I talk about it in this book..
Mark Levin
Mark Levin Calls Out Sunny Hostin for a Discussion on 'Racism'
"But listen to this sunny Houston He ignores systemic racism in America I'm mister producer I want you to contact her people at the view and ask her to come on the program Well we can have a short discussion About America and racism Okay I'm quite certain None of these people will come on the show So maybe she will In the clarence Thomas syndrome look at the hatred Look at the hatred That's why the view only exists because what is it ABC Syndicates of mister produce something like that So in other words ABC one of the major corporations in the world I guess it's is it still part of Disney I guess it is So it's the same corporate environment And so these people at ABC and Disney they provide a platform Like this these are haters These are nasty people It's like over at MSNBC They're provided a platform by Comcast Who rips you off every month By Comcast And they bring us the joy reeds of the world There's nothing joyful about joy Reid She's a nut Fact she's worse than a nut She's a bigot Am I humble opinion
Cheine On
"reed" Discussed on Cheine On
"Is a book about a series of people over. I think like a thousand years or a few hundred years or something. And it fits in here. Yeah. Like the today's events would fill an entire building of paper to try to write down everything that happened. Just like a few hundred years. This is so consolidated. Just like the things from today. That have happened from 12 midnight. Yes. From 12 midnight until now that we're recording it. You could literally fill an entire building of pages about the events of just today if you really broke it down. This is supposed to be 500 years of history and philosophy and thoughts. Welcome to this tiny thing. And this is a thick this is a, quote, fill your book. Thicker book. You know? Like, we have so little understanding of where the fuck we come from and not many people have much understanding of it. The percentage of people that really understand a good amount of history and things like that, the lineage of where people come from. Or even have like a good theory on it. What point zero zero 1% of the population maybe. If that, like, it's such a small amount. And I don't know why people look at that stuff is crazy. And then it's like the Big Bang. Like, do I believe the Big Bang happened? I think so..
Cheine On
"reed" Discussed on Cheine On
"What? Like, back then they're like, you don't call a band death. Yeah, the who, you know? Led Zeppelin. So he's like, I think that people have such a bad connotation of the word death. He's like, I think that it needs to be like, it's just another part of life. And they were all very spiritual very religious. So the two brothers, they're still alive and they're talking about it. They're like, so we just like back to my brother, were like, okay, like what's called a band death? Fuck, yeah. So they started playing, obviously, people were kind of standoffish by the name death. And their music was kind of fast, kind of loud. And so they had trouble getting to play places. So their mom would let them play and practice the house when that was a three and 6. And they were just and everybody in the neighborhood knew them, they're playing their music, they're going at it. And one day, David was like, I think we should go try to get a record deal somewhere. So one of his brothers explains he takes the yellow pages and he puts him on the wall and he stands back and he throws it dart. At the music page. And it lands on what I think is Columbia Records. So they go to Columbia Records, they say, hey, we have this music. We want to show you. We think it's like, you know, David was the one who was like, this is the enemy. Yeah, it's going to be big. And his brothers are like, yes, good music, but it's just this difference. They go up there and the guy's like, yeah, this is pretty good. Let's go ahead and start recording some music. So they record, and he goes, okay, I want to release this under one condition. You have to change the name of the band. And the other two brothers were like, they thought about it. And Dave was like, no, no deal. He's like, we don't chase the name of the band. We don't change the songs. It all comes as like one package..
Cheine On
"reed" Discussed on Cheine On
"So what is carp cycling? So it's like you can whatever body type you have or however you choose that you want to do this, you can have carbs one day and then the next day not have carbs or have like carbs for two days and then not have cars for the next day. Okay. And it is just basically like you're dumping carbs from your diet. Yeah, you're eating less carbohydrates. I guess, I guess that makes sense. So because I'm never gonna cut them out. Yeah. You know? I've never, I'm always gonna eat bread. Yeah, I'm always gonna eat like, have some snacks and things like that. So it's like for me to say, I'm gonna be super healthy and never have carbs would just be dumb. Yeah. Well, you really can't do that. I mean, it's hard, but I actually it's weird. I started doing that like maybe a month ago or something like that and Rebecca that's where these fucking nuts and stuff came from. She's making me these snack packs and stuff. That's good. 'cause otherwise I just eat the shit that's here or dude, I eat a ton of sugar, so. This is, this has been this has been good to switch it up. But I've been kind of doing that like cutting it way back on the sugar and the carbs and stuff as much as possible. But I don't know when I don't have the prepared meals. It's kind of harder. Well, then thing I noticed about you is that you eat a ton, but you eat like a little bit throughout the day. Yeah, like a rabbit? Yeah, like a little snack, a little snack little snack. Just a little snacker. Yeah, yeah. That's all I am. But you're saying good shape and stuff, so it feels weird to not be able to exercise though. Yeah. Because have you been doing a lot of exercise before? Yeah. Yeah, a lot more like biking and stuff. I think once I realized that I did have a hernia and that I could no longer ignore that my fucking whole entire right side of my abs was like in pain, bulging out and stuff too. No, I didn't have any like bulging or anything like that. So you didn't see it. Different kind of hernia that I had. Yeah, it's an inguinal. So like, but I definitely had something it definitely is impacting my right side because I would do jiu-jitsu or do a workout and I could just feel like my right lower abs just were like strained or something like that. So I've been switching just to like bike riding and like push ups and like there's body weight stuff. That's because I feel like I kind of, like, slender out almost. It's like my grandma's worst nightmare. She's like slender. You're getting so skinny. Are you skipping meals? Yeah. You're not eating? Yeah. Why'd you pick carps? Well, I don't know, I don't want to say, but no, and I'm not even like that serious. I wasn't really that serious about it. But then I just started doing more cardio. And I've never been really wanted to do a ton of cardio. Yeah. You tried to you tried to go against your body type for a while. You tried to be like a bodybuilder type. You're not really like eating. I'm a protein. Yeah, I'm a skinny guy, and I guess we would call it an ectomorph. And I got it from an ectomorph. That's what a mess and more for us. I'm a messenger. So I have like a skinny I'm a skinny guy..
Astrology Bytes with Theresa Reed
"reed" Discussed on Astrology Bytes with Theresa Reed
"They are selling them as well. And i'm really excited for everyone to check it out and my instagram inslee sephardis astro. My facebook is lisa stark. Us and my twitter is lisa stardust underscore. If you'd like more and i'm also gemini so you could always the at me if you have any questions or email me and i'm very responsive one of the things. I also love about the books that you included This little section on magic. I just want to quickly mention that too and that made that really made got my attention. Because i'm like. Oh i got to that sexual like wait a minute. There's magic in here too so it's not just a totally straight on astrology book. You have these wonderful little tips from sarah ponta sarah potter and bree luna You know so. I thought that was really neat. I really liked that part of the book. Yeah i'm really some lucky that i have such wonderful friends in colleagues. Who wanted to be a part of the buck ads. You know really not. She's the owner. Creative director of the hood wedge. Zero potter is a well-known tarot reader and color magic practitioner. Christina day is by like coach and the owner of fitness switch. Which is esther terry. You know life coaching company. Also she worked at enchantment which is really well known magic store in new york city for many years. So chances are if.
Astrology Bytes with Theresa Reed
"reed" Discussed on Astrology Bytes with Theresa Reed
"Shoulder responsibilities now. If you lean into it you can develop discipline. New can grow so saturday. The first house indicates a disciplined serious personality. You many appear aloof or unfriendly. Your hard-working logical and not afraid to take heavy responsibilities if afflicted you may be selfish and materialistic or overly concerned with your status saturday. The second house being jewelry for the money and are ambitious to acquire wealth. You've shrewd business instincts. And may be frugal with your resources. If flint you might be overly preoccupied with material objects or anxious about your money and unable to enjoy it saturday. The third house creates mental discipline. In a fine practical mind you might work in publishing or education and if you have this placement you'll want to exercise come cautioned with contracts now if afflicted you might have difficult relationships as your siblings or you might be a debbie downer saturn in the fourth house. Means you may be responsible for your family for example. You may be the caretaker for your parents. This is a favorable placement for those who may have home based businesses or are involved in building or real estate. Now if afflicted you may be the black sheep in your family or you may have trouble cutting ties with them saturday. The fifth house indicates challenges with parenting and romance. You might be too serious with children or may have to take the lead in romantic relationships this place which is good for artists invent investors or entertainers nova flicked it romantic opportunities babies scarce or you may suffer creative afflicted saturn in the fifth could also indicate strained relationships with children. Saturday in the six house brings a great work ethic and a serious attitude toward health. You might be a health nut or a workaholic. This is an excellent placement for careers in healthcare science or engineering if afflicted you have trouble with employers saturday in the seventh house creates a series attitude around relationships. You enter into every partnership with a desire to make it. Last you may have a keen sense of justice edwin make an excellent lawyer if afflicted you might experience loss some relationships or lawsuits saturday in the eighth house indicates responsibilities with joint finances inheritances or taxes. For example you may be in charge of an estate or could be the main breadwinner in your household if afflicted you might be denied inheritance or could be subject to heavy taxation or lost through alimony. Saturday the ninth house could be serious interest in academia religion or philosophy. You might choose a career in one of those fields or become an expert. It's also possible you may be interested in publishing or international law if afflicted you could become narrow minded or.
Blackout Podcast
"reed" Discussed on Blackout Podcast
"No way like wage. I don't know where this is going on. Meager for the us army thinking of the saute we can make a softly move on folks lacking slowly evacuate again heavy. What you gotta get you a if we're gonna to respect the cast. I don't care if you got mind. Me i can make i just wanna see you smell like all kids me like. We always mistletoe. And when the lights go set sail the weekend value. And i feel i can potent skin mets fan and i drink and i know you. Can you comment sections in acting. If we're gonna go over spec me king of the castle albeit clean good in in the lab you can love me because love is a two way street on honest way street respect you if you respect all queens good and the bad and the and kill you love me..