39 Burst results for "Second Chance"
Simply Bitcoin
A highlight from $17.7 TRILLION IS COMING FOR YOUR BITCOIN | SB Originals
"I've recorded at least a couple of videos at this point talking about not selling your Bitcoin to BlackRock, how the institutions are coming, Fidelity, BlackRock, ARK, etc. The big players are coming and they want your Bitcoin. And I get the impression that many of you don't really appreciate why Bitcoin is so special, why the institutions do want your Bitcoin and will pay you whatever price they can to get it, and why selling it is the absolute last thing that you want to do. This article from Forbes is titled a fast growing 17 .7 trillion, that's T, trillion, Wall Street crypto earthquake is suddenly hurtling towards the Bitcoin and Ethereum price. Let's ignore that latter part, the Bitcoin price. Bitcoin has been thrust into severe uncertainty in recent months. Okay, first off, no, it hasn't. Maybe uncertainty if you don't understand Bitcoin, but this is baby sleeping time. This is not a time of uncertainty. These don't times matter in the grand scheme of things. The price dip and change from this to that is all irrelevant. It's all going to zero. And Bitcoin, on the other hand, is going up forever. So for the next little bit of the article, it talks about how the price has rose and dipped. And it's just a kind of a bunch of nonsense. But then it down here talks about Franklin Templeton. Franklin Templeton filed with the U .S. Securities Exchange Commission, the SEC, this week for a spot Bitcoin ETF, joining a flurry, that's an understatement, of applications that was kicked off by the world's largest asset manager. That's right, BlackRock in June and includes Fidelity, Invesco, Galaxy, Wisdom Tree, who between them manage 17 .7 trillion worth of assets. You have to realize that that's not really what matters. It's not that amount of money going into Bitcoin. It's what that signals to everyone else, because that 17 .7 trillion, yes, is under control by those asset managers. Yes, but you know what else happens when the big boys do things? Everybody else pays attention. So you get all these family offices going, wait a second, I'm sorry, BlackRock did what? They put what where? Oh, so, OK, I guess that's what we should do. This happens in every arena around the world. You can see it in literally everything. If a movie does something, other people try and copy it. If a technology does it, iPhones, for example, everybody else tries to copy it. So when BlackRock and Fidelity and Invesco, when they do move into the space and it is coming, they wouldn't all be filing for this just to do something to do because they're so bored. No, they're doing this because they want a piece of that. And why do they want a piece of it? Let's cut to something that seems completely unrelated. Post Malone has bought Magic's two million one ring card. And this is from the guy that found it. I believe he was in Toronto, Canada. When I found the one ring, the first person who came to mind was Post Malone. I have played Magic since I was a kid, and obviously it would be amazing to keep this card. But for a guy like me, being able to sell it is a life changing. I just really hoped it would go to someone who would appreciate it as much as I do. This is my dream come true. Meeting Post Malone and him buying the one ring from me is literally a moment straight out of a fairy tale. Post Malone, at Magic the Gathering, you have changed my life. Things like this don't happen to people like me. I guess it's Magic. I am forever grateful. In the past few months, Post Malone was on with Joe Rogan, and Joe Rogan asked him about that. And Post Malone was like, yeah, I did spend that much money on a card, and Joe Rogan doesn't get it. But here's why he did that, because it's the only one that will ever exist. And you might say, yeah, but Dell, you can go over to TCG player and get one for here. Look, with the 37 bucks right here, the borderless one, here's a different version for 60 bucks, 50 bucks, whatever this one, 100 bucks. So you don't need to spend two million dollars on it. Okay, no, you don't to actually have that card in your deck and can play with it. Sure, you can spend 50 odd whatever bucks on it and get it. But to get the exact one that Post Malone spent $2 million on, the one of one, that exact version, no, you do need to spend $2 million to get it or whatever Post Malone is selling it for now. If you've ever experienced a banking kerfuffle, to put it mildly, like I have, then there's a really good chance you already know the importance of Bitcoin. But you might have other questions. Maybe you don't feel quite as secure with your self custody setup as you would like to. Schedule a free 30 minute consultation call and they will help you solve whatever it is that you have about Bitcoin. Don't let a question keep you up at night. Call the Bitcoin way. At this point, I imagine you're wondering at least two things. Those are, what in the world happened with the banking story? What is Magic the Gathering have to do with this at all? And number three, so why in the world does Fidelity and BlackRock, why do they actually want that? Let me go through these. First off, why does BlackRock and Fidelity and all the big players, why do they want Bitcoin? Here's why they want Bitcoin. This one's from at BTC salvation. He says owning one Bitcoin is rare. How rare is it rare than the Magic the Gathering card? No, it's not quite that rare because there's only one ever in existence of that. But here's how rare it is. It's like owning roughly 25 pounds of gold or 107 acres of land in the US or roughly 1754 acres of land in the world or roughly 6 .7 houses in the US or roughly 109 houses in the world. And what has BlackRock been buying? It's homes. What has Bill Gates been buying? It's farmland. What do the people in power, what do these large players in the financial space want? They want, ladies and gentlemen, if you haven't figured it out by this point, I'm not sure what to tell you, but I'll tell you, they want scarce assets. They want the things that there is only a limited amount of. And what will there only ever be 21 million of? Bitcoin. That's right. There will never, ever, ever be more than that. What if somebody else forks it and they make a whole new thing called Bitcoin too? They've done that. It's trash. It's garbage. It's going to zero. It's all going to zero. You can only find perfect digital scarcity once. It's not possible to do it again. Anything else that's a copy of it is, oh, I already told you what it is. It's a copy of it. That's what it is. There is, you can't do it again. Bitcoin is true digital scarcity and anything else that comes along after it is a copy. So now what does this have to do with magic, the gathering and rarest things and scarce things? And well, let's jump over to something else that seems completely unrelated. I've had hedge fund managers, like, reach out to me on LinkedIn to be like, hey, like, could you talk to us about TCGs? Like, we want to know how they work. Like, that's an experience that I'd never had before. Do you see it yet? Are you starting to understand? Am I painting the picture clear enough for you that the power is to be how much of the pie they want? They don't want the tin. They don't want the crust. They don't want that nice top with the different funny shapes cut into it. They don't want the juicy filling. They definitely don't want the bottom. No, they want the whole damn pie. Every crumb, last every single little iota of the pie. If that includes card games, hedge fund managers are going to call card game designers and ask them, how can we get it on that pie? They want all of the pies, every last one. They're going to show up to the marine calendars and just give me the pie. Every last one. They definitely want the Bitcoin pie, every single one. So if that means contacting old Gary Gensler and saying, hey, get this approved, don't do that. If it means contacting drone pal and Janet Yellen saying, hey, print us all of the money ever so that we can entice these goons out of selling every last Bitcoin that they have so that we control and not they because they're just peons. They're just silly people. They don't know what to do with their money. They're clueless. They don't know. We know that's how we got here. Clearly, we're the best players in the room. We know what we're doing with the money. We're the ones in control. Let us have all of it. Print us as many Chuck E. Cheese prize tickets as you possibly can. All of them. Trillions of them. It doesn't matter. Who cares what the debt is? It just goes up and up and up. It doesn't matter. Give us more so that we can buy the Bitcoin off of them. They keep on kicking the can down the road and behind them, the road is crumbling. And where's the new road come from? They're just laying it as they go. And at some point they will stop to catch their breath and everything will come crumbling down. But guess what's under that road? Bitcoin. That's where everything falls to. Everything falls onto the shoulders of Bitcoin. And Bitcoin has some real strong shoulders. Let me tell you what. So where does my story end? My story ends with my banking crisis being averted. I finally talked to somebody that had since they knew how to solve the problem. They said, yes, let me actually get you to the right department. I don't know why those three other people didn't do that. Got to the right department. I was helped by a lovely woman who got me back access to my bank account. So that was a harrowing few hours of that morning. But I eventually did get access to my bank account. But for those few hours, it was a sobering experience to realize that I could be completely cut off from all financial access. I couldn't pay anything that I wanted. Rent was coming due, couldn't pay that, got bills due, can't pay those. Forget about buying a coffee, which might be nice to have or a sandwich or whatever like that. That's irrelevant. But when the bills start going, hey, you owe us this. And then we start turning off the electricity and you don't have Internet and then you can't do this and you can't do that. It's a real big problem. So, yes, the crisis was averted. But there is a global crisis looming, an absolute catastrophic world shattering, meteor impacting the world style event coming to the monetary system. And if you don't have some heavy shoulders to fall upon, I don't know where the road goes when the road crumbles. And if you have nobody to catch you, I don't know what's under there. I think it's just an abyss that falls forever. That's not a place that I want to be. Is it a place that you want to be? No, I don't know. But here's what I do know. If you're here on Simply Bitcoin, the chances that you don't want to be in that precarious situation is pretty good. So get subscribed, learn about Bitcoin, understand how important it is, and the answers will fall into place. And you, ladies and gentlemen, might fall upon the shoulders of Bitcoin. And like I said, this is not the first time I've talked about this. So check out this video right there where I go over in another way the institutions coming for your Bitcoin, because they are. Ladies and gentlemen, they are going to try and get it from you. Guaranteed they want it.
WTOP 24 Hour News
Fresh update on "second chance" discussed on WTOP 24 Hour News
"Game like usual on devices all over the house who moved the couch so everybody stays connected well I just try to find a seat in the dark cactus can i get a little help over here yeah bro just let me finish this boss battle sure go ahead medic now you can get fast reliable internet on the xfinity 10g network and get storm ready wifi when you upgrade so you can stay connected for up to four hours even when the power goes out only from xfinity go to xfinity com dot call 1 800 xfinity or visit a store today restrictions apply storm ready wifi limited to customers within range of 4g lte cellular signal speeds reduced to 30 megabits per second actual speeds vary for more details storm ready i want to break free ready to break free dc get ready to make unforgettable memories in europe with norwegian cruise line book today and get seventy off percent second guess we'll even help you get there with free airfare for second -guess plus enjoy free limited open bar free excursions and more visit ncl .com call your travel advisor or 888 1 ncl cruise offer end soon dc norwegian cruise line ships registry the bahamas and usa restrictions apply this is for the top kids the ones who go above and beyond who help their family friends neighbors and classmates this is your chance to celebrate their good deeds it's wtop's top kids awards in partnership with northwest federal credit union nominate the top kid in your life there's two chances to win five hundred dollars featured on wtop each month on air and online down through october 28 visit wtop .com and search top kids sponsored by northwest federal credit union this is wtop at 2 23 do you find yourself in tie ups a lot on the columbia pike in kington well there's some good news as the next phase of a multi -year multi -million dollar improvement
The Breakdown
A highlight from ETH Futures ETFs Get Set to Trade as Government Shut Down Looms
"Welcome back to The Breakdown with me, N .L .W. 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 29th, and today we are talking ETF approvals. 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 in the Breakers Discord. You can find the link in the show notes or go to bit .ly slash breakdown pod. All right, friends, lots of action to wrap up your week. We're going to talk a little bit of ETF announcements and then we're going to get into the government shutdown and, of course, give you all of the information that you need. Now we start with the SEC in the world of ETFs. That organization has been busy over the past few days making decisions on a variety of different crypto applications. Now, there are currently three major batches of crypto ETF applications that are being considered. On Thursday, four Spot Bitcoin ETFs were delayed, including the BlackRock application. Two additional Spot Bitcoin ETFs were already delayed on Tuesday. Announcements delaying the rest of the similar applications are expected to follow today and are likely to be published by the time the show is released. The next deadline for the SEC to consider approving Spot Bitcoin ETFs is on January 10th. That's an important one because it's the final deadline for the ARK21 shares application, so it will require an explanation from the SEC rather than just a simple delay. The second batch are the Ethereum Spot ETFs, which were also delayed. On Wednesday, the SEC deferred their decision on products from VanEck and ARK21 shares. The next deadline for regulatory consideration falls on December 26th. The SEC can delay further on these products with the final deadline falling in May. Now, overall, the delay of Spot crypto ETFs has not been particularly surprising. As much as people have wanted the legal decision from the Grayscale suit to force the SEC's hand, that court order is still able to be appealed, and there is nothing really compelling the SEC to move forward with Spot ETFs for the time being. Now, the more interesting developments surround Ethereum futures -based ETFs. Throughout August, at least 24 applications were filed, including some products offering short Ethereum exposure and combined long exposure to Bitcoin and Ethereum within a single fund. Throughout the week, there have been rumblings that the SEC was preparing to approve futures -based Ethereum products, asking investment firms to update their documents by Friday afternoon. The rumor was that ETFs could begin trading as soon as Tuesday. On Thursday morning, VanEck debuted two 30 -second advertisements for their Ethereum futures product, which would trade under the ticker eFute. VanEck are going with the tagline Enter the Ether and commenting on the ad, Eric Valkunas, the senior ETF analyst at Bloomberg said, Now, later in the day, VanEck updated their prospectus for the fund. The ETF will only charge 66 basis points in fees. This is below the dominant pro -shares Bitcoin futures ETF, which is ticker symbol BITO, which charges 95 basis points. The lowest fee product seems to be Roundhill at just 19 basis points. Also on Thursday, Valkyrie announced that they would begin buying Ethereum futures on Friday in anticipation of altering the strategy of their existing Bitcoin futures ETF. The fund will now hold half Bitcoin futures and half Ethereum futures. The new strategy will be formally adopted on Monday under the existing ticker symbol BTF. Later yesterday as well, Valkyrie's chief investment officer, Stephen McClurg, said that both VanEck and pro -shares had been given the green light to launch their dedicated Ethereum futures ETFs on Monday. A pro -shares spokesperson said no one is in a position to launch ahead of us but declined to elaborate further on timing. Now, part of the reason that the SEC may be trying to move up all these delays and announcements is the looming threat of a government shutdown. Indeed, a government shutdown is at this point all but certain to begin on Sunday after House Republicans failed to come to a suitable agreement during a tense closed -door meeting on Thursday night. The House passed several versions of an appropriations bill that would authorize government spending on Thursday, but reportedly none have any chance of passing the Senate. The Senate are working on a bipartisan proposal for short -term funding, but this measure is unlikely to be passed by House Republicans. Tensions have flared between House Speaker Kevin McCarthy and House Freedom Caucus member Matt Gaetz, who is playing a major role in pushing the government into a shutdown. The dispute is around demands to slash government spending with a more specific demand that war efforts in Ukraine are defunded. Now, a government shutdown would end all funding of non -essential government programs until an appropriations bill can be passed. The length of a shutdown would be unknown. However, most government agencies are making plans to shutter for multiple weeks if not well into November. The impact of a shutdown will be largely felt by government workers who will not receive paychecks, as well as the recipients of government benefits. Social Security and Medicare continue to operate as usual during a shutdown, but the patchwork of other social programs will be paused. Now, when it comes to the macro environment, one of the other implications is that a shutdown would halt the collection of economic data. The next Fed meeting isn't until the end of October, but if the shutdown stretches out for a substantial period, the Fed could be faced with making a decision without key economic reports gauging inflation, employment, and growth. That would, of course, leave the Fed flying blind as they attempt to bring the economy in for a soft landing.
WTOP 24 Hour News
Fresh update on "second chance" discussed on WTOP 24 Hour News
"W t o p's top kids awards in partnership with northwest federal credit in nominate the top kid in your life there's two chances to win five hundred dollars featured on w t p o each month on air and online now through october 28 visit wtop .com and top kids sponsored by northwest federal credit union you're w t o p news it's 5 52 a lieutenant with the fairfax county and fire rescue department has been charged with obtaining drugs by fraud from fire station supplies according to fairfax county police a fire and rescue department technician was conducting a monthly inspection of medication at fire station 36 in august when he noticed a vial of morphine appear to be tampered with fairfax fire and rescue department launched an internal investigation that turned up three more events in august and september involving vials of morphine and fentanyl that had been tampered with or stolen police say alexandra casmar a front royal was tampering with the vials to steal the medication for her personal use the 17 -year veteran has been placed on administrative leave it's a celebration of local art and artists the in district mayor muriel bowser kicked off art week in the petworth neighborhood bringing awareness to self -expression live music artwork and art lovers flowers by alexis on upchurch street in northwest give small businesses like myself the opportunity to present our creativity and share what we do owner alexis hagans took over her dad's flower shop in hopes of keeping the peace here we all know that there's violence everywhere but i really personally don't think that should stop us from enjoying the positive things mayor muriel saying this event and others is the heart and soul of dc i think dc has always had had a a great arts and culture scene that we haven't always been known for it and that is what we've been a lot of time focusing on sandra jones wtop news to twenty five and fifty five powered by maximus moving people and innovation forward here's rob woodfork the nationals have reached seventy wins for the first time
Mark Levin
The Media Ignored Warnings About High Spending, Exploiting Shutdown
"TV where they're listing all the things that will happen with a government shutdown you remember them listing those all things when the private sector was shut down and by you by the way you on TV and radio you're very good listeners you might want to take a whole lot of notes during the discussion when the private sector was ordered shut down and state after state during the pandemic the sky is falling media was nowhere to be found fact the reporting mostly consisted of self -righteous demands for small businesses employees to accept their fate of business failures and joblessness the what will happen to list of questions we're not even entertained the quackery of Anthony Fauci and his up rule the day all that said a handful of Republicans who a deal that would have been the most conservative in our life negotiated by prominent Freedom Caucus conservatives which would slash spending and take the most aggressive actions ever to try and secure the border was a grave disservice they will take credit of course for anything that is done by other conservatives to confront this runaway government claim that they're responsible for it but they've done nothing zero when I read in here what some of these handful have to say not only do they have no chance at all they have no
WTOP 24 Hour News
Fresh update on "second chance" discussed on WTOP 24 Hour News
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CoinDesk Podcast Network
A highlight from UNCHAINED: Heres How Sam Bankman-Frieds High-Stakes Trial Could Play Out
"Arbitrum's leading layer two scaling solution offers you ultra cheap and lightning fast transactions, all with security rooted on Ethereum. Visit arbitrum .io today. Toku makes implementing global token compensation and incentive awards simple. With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Make it simple today with Toku. Today's guest is Nick Day, Coindesk's managing editor for global policy and regulation. Welcome, Nick. Thanks for having me. The trial for former FTX CEO Sam Bankman -Fried starts next Tuesday, October 3rd. There's been a lot happening pre -trial. For instance, Sam has requested release from jail multiple times and repeatedly been denied, including as recently as Thursday morning. My personal thought was that it seemed like all these requests that the defense was putting in at this critical juncture right before the trial was supposed to begin was maybe not the best use of their time, but that's just my personal opinion. I'm not a lawyer. Why do you think they made this such a point of focus in the last few days? Yeah. So I'm actually coming, you know, I was in the courthouse just a few hours ago where this very issue was brought up and the, you know, defense's arguments were, well, the first time we asked it was for pre -trial release. You know, this was right after Bankman -Fried was remanded into custody in mid -August. The second time was, you know, they were asking an appeals court to overrule the judge's decision to remand him and they lost that as well. In court today, the defense said, well, you know, now we want to ask for during trial, which is why we waited until this week to make that request. And they say that they want to, you know, the circumstances are different. They're not asking for Bankman -Fried to be released from jail in the weeks leading up to trial. Now they're saying, well, you know, during the trial, we're going to have to talk to him and check with him about defense witness testimony and cross -examination and things like that. So that's why we're making this request. And the judge didn't really find that compelling. And why do you think the judge has stuck to this position of keeping Bankman -Fried in jail? So in the judge's words, there's a couple of different reasons. One being that Bankman -Fried has had ample time to look at the defense materials. You know, one of the arguments was there are something like 1300 exhibits expected over the course of the trial. And the judge asked today, you know, were these all prepared and shared with you before, I think he said September 8th, so earlier this month. And the defense, they said, yes, we've seen all of this. We've had access to all of this. Bankman -Fried was out on bail for about seven and a half months. And so the judge's argument is, well, he's had time to look at this. You know, there's no surprises here. And he said that the defense has the chance to talk with Bankman -Fried in the Metropolitan Detention Center where he's currently being housed weekends during days that there are no trials. So, you know, the trial is not every weekday. It's going to be most weekdays. And he said, you know, you have the time, you have the opportunity, you are able to talk to your client. You're not really losing a whole lot. But he added kind of a, you know, made this ruling where Bankman -Fried will even be presented to the courthouse early on trial days where there's certain witness testimony that has to be discussed and let the attorneys just talk to him before the trial begins on those days. So he's saying basically, you know, you have opportunities to talk to your client and I'm going to give you more time to do so, but I'm not going to let Bankman -Fried out of jail. So the main focus next week as the trial begins will be jury selection. Tell us what you think that process will be like. It definitely will be interesting. I think it's probably going to be very boring from just kind of an observer perspective because it's a long process and we're going to be just sitting there watching this judge ask each individual, have you heard of FTX? Have you heard of Bankman -Fried? What do you think about cryptocurrencies? But it's going to be very interesting because this is the part where we're really going to get a sense of, okay, you know, these are the 12 or so people who are going to determine whether or not Bankman -Fried spends the next, you know, 10 to 20 years of his life behind bars and so I'm expecting to see maybe as mixed selection. I think if you pluck a random group of New Yorkers off the streets, some of them may have heard of cryptocurrency. Most of them probably will not have and they're going to be tasked with deciding whether or not one of the biggest figures in crypto committed fraud on the way up and on the way down. Something that was interesting to me was the prosecution said that they expected jury selection to take the better part of a day. I've seen some legal opinions that it will take longer than that. What do you think could potentially happen there and why do you think some analysts are saying that it would take longer? Yeah, no, I've spoken to a number of lawyers as well ahead of the trial, you know, where at Coindes we're trying to do a lot of kind of preview coverage, basically saying here's how it might go down. Everyone I spoke to said it will probably take a couple days. Part of that is because this is a fairly notorious case. A lot of people will have heard about Bankman -Fried and presumably formed some kind of opinion that would, you know, disqualify them from being a juror on the trial. I'm not sure where the DOJ is getting their estimate from. It's very possible that, you know, through the questionnaires that the jury pool is sent through the, you know, the kind of the mass selection process or deselection process that the judge engages in. Maybe that streamlines a big part of it by kind of, you know, reducing or like immediately filtering out the people who are most blatantly, you know, either knowledgeable or biased or otherwise have their own preformed viewpoints about the case. And so the jury selection might just be focused on, you know, those individuals who have made it through those initial filtering processes. But that's speculation on my part. I honestly am not sure if it is a better part of the day that we could see opening statements as soon as next Wednesday, October 4th, which would be a pretty rapid start to the trial. And Coindesk did some work to try to suss out what it is that Lower Manhattan New Yorkers might say if they were randomly picked for a jury. What did you discover there? Yeah, no. So Coindesk's Dylan and Victor went to Manhattan, downtown Manhattan to the financial district, and literally just went up to people and said, hey, we're with Coindesk. Have you heard of FTX? Have you heard of Sam Bankman Fried? And a fairly large part of this group just hadn't heard about it. You know, they weren't familiar with it. They weren't comfortable talking about crypto. They weren't familiar with crypto. And of those who were, you know, I think they found a fairly even mix. There were some individuals who had heard about Bankman Fried, some individuals who had only heard about crypto, some individuals who were very knowledgeable. They actually found a, you know, a Yahoo anchor who was the most knowledgeable about it, naturally, as you know, a reporter covering the financial space. But they also found people who were looking for jobs in crypto, people who were investors in the space. By and large, it seems to, you know, a lot of the people they spoke to just weren't interested or talking, interested in talking about crypto or in, you know, being part of this, being part of crypto. So if that is a representative sample of who we'll see next week at the jury pool, it'll be interesting because we'll see a large, potentially large, jury pool of people who aren't familiar with crypto. Again, on one of the biggest, you know, bang in on one of the biggest figures in the space. Recently, the defense proposed certain questions that it would ask the jurors and the government said that they felt these were quote unquote intrusive. What were some of the questions that were proposed and what was the government's response? Yeah. So, you know, the background here is both the DOJ and the defense team filed their proposed jury questions to help filter potential jurors. The defense team in particular had a number of questions about, you know, how these potential jurors felt about things like effective altruism, about political donations, about ADHD and people who have ADHD. And the DOJ response was really, you know, they felt that some of these questions, for example, about effective altruism and about political donations seemed kind of primed to or designed to prime the potential jurors to think, oh, well, Bankman Fried was trying to do all of this in service of this effective altruism philosophy. Therefore, he was trying to raise money to donate to better the world or designed to try and prime the jury to think, okay, well, you know, political donations is fine. So these allegations about breaking the law in the way he tried to donate funds maybe is, you know, overreach or whatever. And then the intrusive part, you know, treating just kind of this question of ADHD and whether or not people were, you know, involved with individuals who had it or the DOJ just felt that these questions were really designed to try and shape how the jury would see Bankman Fried as opposed to just kind of gauge their existing biases. And so the DOJ opposed these questions. And I think we're still waiting to see for sure if there's any public response on the judge prior to jury selection on Tuesday. All right. So in a moment, we're going to talk about different legal strategies that the defense might pursue. But first, a quick word from the sponsors who make this show possible. Arbitrum stands at the forefront of innovation as the premier suite of Layer 2 scaling solutions, bringing you lightning fast transactions at a fraction of the cost, all with security rooted on Ethereum. From DeFi to gaming, Arbitrum 1 plus Nova is home to over 500 projects. And with the recent launch of Orbit, Arbitrum welcomes you to build your very own Taylor Layer 3 or an Orbit chain. Propel your project and community forward by visiting arbitrum .io today. Toku makes managing global token compensation and incentive awards simple. Are you designing your token compensation plan and grant templates with multiple law firms? Are you managing cliffs, vesting and taxable events in a spreadsheet? Are you distributing tokens to your team manually? With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Easy to use token grant award templates, vesting tracking via online dashboard, tax withholding integration with payroll, automated distributions, great employee experience. Make it simple with Toku. Learn more at toku .com slash Unchained.
WTOP 24 Hour News
Fresh "Second Chance" from WTOP 24 Hour News
"By Ed River technology decisions aren't black and white think red 25 let's go to Rob Woodfork all right the Nationals down in Atlanta going for win number 70 of the season but trailing this one to as they're through three innings the Braves scoring in each of the first two frames Trevor Williams surrendering five hits over those opening frames the Nats bats have so far generated only a Luis are see a double and they've had only two base runners meanwhile the Orioles John Means took a no -hitter into the fifth inning but it was broken up by Rob ref Snyder and then compounded by Trevor stories to run blast so it's a to nothing Red Sox lead as they move to the seventh inning San Francisco moving on from manager Gabe Kappler after four seasons at the helm the Giants had a 107 win season two years ago but that was his only season above 500 WNBA playoffs New York outscoring Connecticut 37 to 16 in the first quarter and now at halftime hold a 54 -40 advantage in the pivotal game three of their second round series league MVP Brianna Stewart leading all scores with 14 team points on six of a shooting one of three Liberty players to score in double figures later Las Vegas going for the series sweep in Dallas Rob Woodwork WTOP sports after traffic and weather it's going to affect a lot of people here here in the DMV and around the nation and some people living overseas even Americans but at this point is there anything that can be done to stop this government shutdown we'll get the ladies from Capitol Hill next hi I'm Patricia Farrag as event of FVC Bank with me today is Bill Horan CEO of Realty Exchange Corporation Bill as a valued customer of FVC Bank please tell us about your business Thank Trish You Realty Exchange Corporation is a local qualified intermediary for 1031 exchanges since 1990 we've helped thousands of clients with 1031 exchanges allowing them to defer their capital gains tax on the sale of their investment real estate in the 1031 exchange process we hold clients real estate proceeds in escrow and FVC Bank is our trusted partner helping us with our clients 1031 escrows thank you Bill FVC Bank appreciates the great relationship we have with Realty Exchange Corporation take it from me folks Bill Horan a Realty Exchange Corporation FVC Bank is the bank to use value we FVC Bank as a trusted partner and you will too visit fvcbank .com that's .com fvcbank member FDIC this is for the top kids the the ones who go above and beyond who help their family friends neighbors and classmates this is your chance celebrate their good deeds it's WTOP's top kids awards in partnership with West Federal Credit Union nominate the top kid in your life there's two chances to win $500 and be featured on WTOP each month on air and online now through October 28 visit WTOP
Thinking Crypto News & Interviews
A highlight from Congressman Warren Davidson Interview - Crypto Regulations, SEC Gary Gensler Hearing & Subpoena, Bill Hinman Ethereum, CBDCs
"Oh yeah, I mean, I think book Gensler should have been subpoenaed already. I mean, I think the amount of patients that chairman McHenry shown, I mean, maybe that's why he's the chairman. He's like more patient study, kind of working it more diplomatic. Like, yeah, I think the subpoena was due like in February. This content is brought to you by link to which makes private equity investment easy. Link to is a great platform that allows you to get equity in companies before they go public, before they do an IPO within their portfolio includes crypto companies, AI companies, and FinTech companies, some of the crypto companies you may recognize include circle ripple chain, analysis, ledger, dapper labs, and many more, if you'd like to learn more about link to please visit the link in the description. Welcome back to the thinking crypto podcast, your home for cryptocurrency news and interviews with me today is Congressman Warren Davidson, who's a Republican out of Ohio, Congressman Davidson. It's great to have you on. Yeah. It's an honor to join you. Thanks. Yeah. Congressman Davidson, I've followed you for years and all the great work you've done with legislation around crypto. I think you were boy was maybe the first, if I, as far as I remember going back to the token taxonomy days and things like that. Uh, but before we get to all that, you know, tell us about yourself, where you're from and where'd you grow up. Yeah. So I grew up in Ohio, um, a little North of where I live now. So, um, graduated high school in the eighties, 88 listed in the army and, uh, got sent over to Germany when the wall Berlin wall was up, you know, the cold war was there and there, uh, wall separating the East and the West went through East Berlin and got to be there when that came down. And, uh, I'll just say like the people on the other side, weren't looking for more government. They were looking for more freedom and it was definitely a life -defining experience. Uh, from there, I got to go to West point, which, so that's not the normal way you go to West point, but, uh, it worked for me and, uh, graduated, went back into the infantry, served in range of regiment, 101st airborne division, uh, the old guard, you know, so some great units, but ultimately decided I needed to get out and go into a business. So my wife and I, and two little kids at that point in time, moved back to Ohio and, uh, started manufacturing companies, went to Notre Dame, got an MBA, and we basically had a little group of manufacturing companies. And that was what I was doing. And John Boehner resigned as speaker of the house. And a couple friends stopped in and said, Hey, you know, who are you going to back in the race? And I said, Hey, you know, you guys are the political people. And they cracked really a joke. They go, you know, it'd be great if there was an army ranger business guy in the race. So we just laughed and I went home and told my wife about my day. And she said, well, what'd you tell them? Like, well, we just laughed. Cause it's crazy. And she said, no, it's not. You'd be great at that. Well, here I am. So that's been like, you know, gosh, over seven years ago now. So it says it's pretty crazy. So in Congress, I got here and very few people knew much, very few elected office holders knew much about crypto. And I was new on the financial services committee and, uh, you know, kind of started that kind of army ranger business guy, the business guy, financial services also on foreign affairs. And, you know, that's, it's been a, it's been an interesting time to be in politics. Right. Oh yeah. Uh, well first thank you for your service. And, uh, it sounds like that wasn't, uh, just an incredible experience you had with the Berlin wall and so forth and being over there. Um, that must've been something, uh, life -changing it sounds like. Oh yeah. And look, I mean, the military offers a great opportunity for so many people. I mean, it's not a perfect fit for everybody for me. I just love that I got to be a part of it and it turned out phenomenally well for me, but it really is, uh, a great, a great thing to do and, you know, a lot of phenomenal people they'd go in and give a portion of their lives in service. And then unfortunately for frankly, some of my friends and others, they give their full life, um, you know, lost in combat or occasionally a training accident or something, but, you know, it's a serious commitment, but it is really cool that I had the chance to do it. Wow. Um, so let's talk about, uh, some of the work you've done in the crypto legislation front, because I remember as far as I can remember, uh, I, the token taxonomy act being maybe the first crypto legislation, and you can correct me if I'm wrong there, but, um, you know, tell us about the history of the different bills and things you've worked on. Yeah. So when I first got to the committee, you know, it was January of 2017 and, you know, you remember 2017 was like the ICO market people like, oh, you know, I could just write a white paper and kind of skip everything. And there were really good use cases, people trying to do things honestly. And then unfortunately there were just some outright pump and dump scams where people were being taken advantage of. And I'm like, where's the sec. You should be cracking down on these scammers and, uh, you know, they weren't really, you know, reacting well. They didn't really know who was going to do what. So there was this void and, you know, I was trying to get hearings on this subject and you, as the new guy, you don't get to choose which hearing. So this goes all the way into 2018. And, uh, we really couldn't get focused as a committee on the issue. Uh, so I was like, well, I can at least have a meeting. I mean, we won't be able to call it a hearing, so we'll have a meeting. And we did this thing at the library of Congress and it started out with a goal of getting about a dozen people together. And by the end, we had to cap it at 50 and like, people were like, oh, I want to send my CEO and I want to send my general counsel on, you know, we had some of the biggest names in, in, uh, not just crypto, but, you know, venture capital, you know, the New York stock exchange fidelity state street, I mean, you name it, any Andreessen Horowitz, you name it, the big players, we also are like, look, we got to have some startup companies and some founders that no one's ever even heard of some of those kind of knowing that still is heard of. They kind of went away. Uh, but a lot of them have really turned into some of the biggest names in crypto over time. And it was just an interesting conversation. So the goal was this listening to everybody and say, well, how, if we're looking at a tree, how far up can we go before everybody's interest starts diverging and branching out in a different way? And we want to kind of go up to that first level of branches and say, this is the consensus. If you solve these things, uh, you could provide a really difference making piece of legislation. So that was the token taxonomy act. Darren Soto, a Democrat from Florida, and I led the bill and man, think how different crypto would be if we had passed that bill in like 2018.
What Bitcoin Did
A highlight from The Free Market for Money with Peter St Onge
"The proposition value of Bitcoin, like how it can change the world, it's to a certain degree abstract. When you actually spend time in these countries where currency collapse is a reality, it opens your eyes as a Bitcoiner. Happy Friday you Bitcoin nerds. Last show before I head out to L .A. Gonna be flying out this Sunday. Gonna be meeting our boy Danny in L .A. We've got a whole bunch of shows before we head out to Pacific Bitcoin. So I'm very excited about that. Hopefully a bunch of you Bitcoiners are going to be there. We'll get a chance to hang out, drink some beers, talk about Bitcoin, talk about football. Cannot wait. Anyway, welcome to the What Bitcoin Did podcast, which is brought to you by the absolute legends of Iris Energy, the largest NASDAQ listed Bitcoin miner using 100 % renewable energy. I'm your host Peter McCormack, and today I've got Peter St. Onge back on the podcast. Now, as some of you know, over the last few months I've been traveling around with the podcast. Well, actually I've been traveling around making documentaries. I've got my Argentina one in final edit that's going to be with you very soon. But I've also been out to Lebanon, and you know what? I've learned a lot about how money breaks in these places and how people react. And what really stood out to me most was in Lebanon. It felt like with the complete collapse of government, almost no functional government, that there's this like emergent anarchist society that's having to figure out stuff for themselves, but it's not perfect. And when I was speaking to people there, there were certain things that people are explaining, some of the issues that they don't have when they don't have government. And look, I know some of you out there are all government is bad, but at the same time, like for me as a journalist, I want to try and figure out how governance should best work. And maybe you're right. Maybe there should be no government. Maybe there should be small government. Whatever it is, I want to try and figure it out. And I've gone back and forth on the libertarianism over the last few years, five or six years of doing this. I've had a good few shows with Stephen Navarro where we've gone over it. And I always kind of come to a block with it at times. And yeah, so when I was talking to Danny about it, I was like, listen, I need to talk about my experience in Argentina and Lebanon, particularly Lebanon. I need to talk about it with someone who just kind of get their perspective. And we both agreed Peter St. Orange would be great to do this with. So I dialed up Peter. We bounced the points off each other. I don't think we solved everything. I certainly agree with some of his ideas. I don't agree with all of them, but it's certainly helpful for me to try and understand the role of government and the role of governance in this world we live in. I hope you enjoy it. I definitely want your feedback on this. Whether you agree with me, disagree with me, whether you agree with Peter, disagree with Peter, whatever you think, drop me an email. It's helloatwhatbitcoindid .com. Alrighty. See some of you in LA next week.
Unchained
A highlight from Heres How Sam Bankman-Frieds High-Stakes Trial Could Play Out - Ep 549
"Even though each of these charges, if you look at the DOJ press release says, oh, it contains a maximum sentence of 20 years or five years, whatever, it's not going to be consecutive. It'll be concurrent. So the estimate I'm getting from various attorneys that I've spoken to over the past few weeks is it'll probably be somewhere in the, you know, 10 to 20 year range. Hi everyone. Welcome to Unchained, your no hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago, and as a senior editor at Forbes was the first mainstream media reporter to cover cryptocurrency full time. This is the September 29th, 2023 episode of Unchained. Thinking of launching your own stable coin? Start with the open source stable coin studio toolkit on Hedera. Start your journey at Hedera .com slash Unchained. Shape tomorrow today. With the crypto .com app, you can buy, trade and spend crypto in one place. Download and get $25 with the code Laura. Link in the description. Arbitrum's leading layer two scaling solution offers you ultra cheap and lightning fast transactions, all with security rooted on Ethereum. Visit arbitrum .io today. Toku makes implementing global token compensation and incentive awards simple. With Toku, you get unmatched legal and tax tech support to grant and administer your global team's tokens. Make it simple today with Toku. Today's guest is Nick Day, Coindesk's managing editor for global policy and regulation. Welcome, Nick. Thanks for having me. The trial for former FTX CEO Sam Bankman -Fried starts next Tuesday, October 3rd. There's been a lot happening pre -trial. For instance, Sam has requested release from jail multiple times and repeatedly been denied, including as recently as Thursday morning. My personal thought was that it seemed like all these requests that the defense was putting in at this critical juncture right before the trial was supposed to begin was maybe not the best use of their time, but that's just my personal opinion. I'm not a lawyer. Why do you think they made this such a point of focus in the last few days? Yeah, so I'm actually coming, you know, I was in the courthouse just a few hours ago where this very issue was brought up and the defense's arguments were, well, the first time we asked, it was for pre -trial release. You know, this was right after Bankman -Fried was remanded into custody in mid -August. The second time was, you know, they were asking the appeals court to overrule the judge's decision to remand him. And they lost that as well. In court today, the defense said, well, you know, now we want to ask for during trial, which is why we waited until this week to make that request. And they say that they want to, you know, the circumstances are different. They're not asking for Bankman -Fried to be released from jail in the weeks leading up to trial. Now they're saying, well, you know, during the trial, we're going to have to talk to him and check with him about defense witness testimony and cross -examination and things like that. So that's why we're making this request. And the judge didn't really find that compelling. And why do you think the judge has stuck to this position of keeping Bankman -Fried in jail? So in the judge's words, there's a couple of different reasons. One being that Bankman -Fried has had ample time to look at the defense materials. You know, one of the arguments was there are something like 1300 exhibits expected over the course of the trial. And the judge asked today, you know, were these all prepared and shared with you before, I think he said September 8th, so earlier this month. And the defense, they said, yes, we've seen all of this. We've had access to all of this. Bankman -Fried was out on bail for about seven and a half months. And so the judge's argument is, well, he's had time to look at this. You know, there's no surprises here. And he said that the defense has the chance to talk with Bankman -Fried in the Metropolitan Detention Center, where he's currently being housed weekends during days that there are no trials. So, you know, the trial is not every weekday. It's going to be most weekdays. And he said, you know, you have the time, you have the opportunity, you are able to talk to your client. You're not really losing a whole lot. But he added kind of a, you know, made this ruling where Bankman -Fried will even be presented to the courthouse early on trial days where there's certain witness testimony that has to be discussed and let the attorneys just talk to him before the trial begins on those days. So he's saying basically, you know, you have opportunities to talk to your client and I'm going to give you, you know, more time to do so, but I'm not going to let Bankman -Fried out of jail. So the main focus next week as the trial begins will be jury selection. Tell us what you think that process will be like. It definitely will be interesting. I think it's probably going to be very boring from just kind of an observer perspective because it's a long process and we're going to be just sitting there watching this judge ask each individual, you know, have you heard of FTX? Have you heard of Bankman -Fried? What do you think about cryptocurrencies? But it's going to be very interesting because this is the part where we're 12 or so people who are going to determine whether or not Bankman -Fried spends the next, you know, 10 to 20 years of his life behind bars. And so I'm expecting to see maybe as mixed selection. I think if you pluck a random group of New Yorkers off the streets, some of them may have heard of cryptocurrency, most of them probably will not have, and they're going to be tasked with deciding whether or not one of the biggest figures in crypto committed fraud on the way up and on the way down. Something that was interesting to me was the prosecution said that they expected jury selection to take the better part of a day. I've seen some legal opinions that it will take longer than that. What do you think could potentially happen there and why do you think some analysts are saying that it would take longer? Yeah, no, I've spoken to a number of lawyers as well ahead of the trial, you know, where at Coindes we're trying to do a lot of kind of preview coverage, basically saying here's how it might go down. Everyone I spoke to said it will probably take a couple of days. Part of that is because this is a fairly notorious case. A lot of people will have heard about Bankman Fried and presumably formed some kind of opinion that would, you know, disqualify them from being a juror on the trial. I'm not sure where the DOJ is getting their estimate from. It's very possible that, you know, through the questionnaires that the jury pool is sent through the, you know, the kind of the mass selection process or deselection process that the judge engages in, maybe that streamlines a big part of it by kind of, you know, reducing or like immediately filtering out the people who are most blatantly, you know, either knowledgeable or biased or otherwise have their own preformed viewpoints about the case. And so the jury selection might just be focused on, you know, those individuals who have made it through those initial filtering processes. But that's speculation on my part. I honestly am not sure if it is a better part of the day that we could see opening statements as soon as, you know, next Wednesday, October 4th, which would be a pretty rapid start to the trial. And Coindesk did some work to try to suss out what it is that lower Manhattan New Yorkers might say if they were randomly picked for a jury. What did you discover there? Yeah, no, so Coindesk's Dylan and Victor went to Manhattan, downtown Manhattan to the financial district, and literally just went up to people and said, hey, we're with Coindesk. Have you heard of FTX? Have you heard of Sam Bankman -Fried? And a fairly large part of this group just hadn't heard about it. You know, they weren't familiar with it. They weren't comfortable talking about crypto. They weren't familiar with crypto. And of those who were, you know, I think they found a fairly even mix. There were some individuals who had heard about Bankman -Fried, some individuals who had only heard about crypto, some individuals who were very knowledgeable. They actually found a, you know, a Yahoo anchor who was the most knowledgeable about it naturally as, you know, order covering the financial space. But they also found people who were looking for jobs in crypto, people who were investors in the space. By and large, it seems to, you know, a lot of the people they spoke to just weren't interested or talking, interested in talking about crypto or in, you know, being part of this, being part of crypto. So if that is a representative sample of who we'll see next week at the jury pool, it'll be interesting because we'll see a large, potentially large, jury pool of people who aren't familiar with crypto. Again, on one of the biggest, you know, bang in on one of the biggest figures in the space. Recently, the defense proposed certain questions that it would ask the jurors and the government said that they felt these were quote unquote intrusive. What were some of the questions that were proposed and what was the government's response? Yeah. So, you know, the background here is both the DOJ and the defense team filed their proposed jury questions to help filter potential jurors. The defense team in particular had a number of questions about, you know, how these potential jurors felt about things like effective altruism, about political donations, about ADHD and people who have ADHD. And the DOJ response was really, you know, they felt that some of these questions, for example, about effective altruism and about political donations seemed kind of primed to, or designed to prime the potential jurors to think, oh, well, Bankman Fried was trying to do all of this in service of this effective altruism philosophy. Therefore, he was trying to raise money to donate to better the world or designed to try and prime the jury to think, okay, well, you know, political donations is fine. So these allegations about breaking the law in the way he tried to donate funds maybe is, you know, overreach or whatever. And in the intrusive part, you know, treating just kind of this question of ADHD and whether or not people were, you know, involved with individuals who had it or the DOJ just felt that these questions were really designed to try and shape how the jury would see Bankman Fried as opposed to just kind of gauge their existing biases. And so the DOJ opposed these questions and I think we're still waiting to see for sure if there's any public response on the judge prior to jury selection on Tuesday. All right. So in a moment, we're going to talk about different legal strategies that the defense might pursue. But first, a quick word from the sponsors who make this show possible. 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Recently, the defense did propose a number of witnesses, but the judge denied most of them. Who were these proposed witnesses and why were they denied? Yeah, so the DOJ and defense both had a number of proposed expert witnesses. The defense in particular had a number of individuals that they said could speak to everything from the terms of service that FTX operated under to the FTX software to just rebutting certain DOJ witnesses. The judge basically said he agreed with the DOJ in rejecting all of these proposed witnesses. There were seven. He did allow the defense to call for four of them later on, but they have to meet certain requirements and fill out certain disclosure forms first. A big part of the judge's reasoning was the witnesses had just not adequately explained what they wanted to testify about or what they would say, and so they didn't have or he didn't have enough information to allow them to testify, which was functionally the DOJ's argument as well. That being said, some of these proposed witnesses are intended to act as rebuttal witnesses to DOJ's witnesses. I know we're saying the word witnesses a lot, but that's what it comes down to is four of these witnesses could come back and respond to, you know, either FTX intercircle members who are testifying on behalf of the DOJ. One of the potential witnesses that the defense can call forward is someone who can speak to the actual technical software underlying the, you know, FTX program, again, in response to DOJ witnesses. The judge did completely ban, for example, a British barrister who was supposed to explain the FTX terms of service as well as someone who was supposed to speak to kind of the crypto industry at large, saying that, you know, those witnesses and that proposed testimony seemed a bit too far afield from what the case would be about and could probably do more to confuse the jury than to clarify anything. And SPF's team also wanted to block a proposed government witness that was also denied. Who was that and why did the judge deny that motion? The DOJ proposed a University of Notre Dame professor to testify about some forensic analysis he did on FTX financials. The defense objected. They said that this witness would basically just reiterate the DOJ's claims, the allegations, but the DOJ argued that he was doing his own analysis of the data he had access to. And so it wouldn't just be stating the DOJ's claim. He would be providing his own expert insight based on his own work, you know, examining the databases that he had access to. And the judge agreed with that and said that based on what he'd saw and based on what the witness disclosure had provided, the witness was likely just speaking to his own expertise and looking at actual data as a third -party expert witness might do. And so those witnesses are allowed right now. We're still waiting on the full and final witness list, but we now know that there are probably at least a dozen witnesses that we're going to hear from over the next six weeks. And who are the ones that stick out to you on that list? I think the cooperating witnesses, so the FTX inner circle, that's former Alameda Research CEO Carolyn Ellison, former FTX director for engineering Nishat Singh and Gary Wang. I forget which one of them was the director of engineering. The other one was a fellow executive, but you know, these are the three individuals I think we're going to hear from probably first, maybe. Might hear from them as soon as next week, not certainly the week after. They're the ones who were in it, right? They were involved in this. They were part of FTX. They were part of the highs. I think we're going to probably hear from them, you know, how FTX might've fallen apart. I know from court filings, we know that DOJ wants to ask Carolyn Ellison about the FTT token and allegations that Sandbank and Freed was directly involved in trying to argue for Alameda to take a large sum of it and to potentially allegedly manipulate the price. So I think that testimony is going to be really interesting just because, again, it's the firsthand account of what happened. We're also probably going to see the defense try and discredit these witnesses to the extent possible, right? Straight out of the gate saying, well, you know, you weren't threatened with jail if you didn't testify in turn against your former boss. So I imagine we're just going to hear arguments like that from the defense during cross -examination, but either way, I think this is going to, you know, those are the three witnesses I think we're looking forward to most right now. And then once we're past that kind of initial surge of FTX insiders, that's when we'll get to kind of more, I don't because I don't think that is the right word for it, but, you know, people who are looking at it from kind of the, you know, again, forensic analysis perspective, people who are going to be able to kind of dig through and say, all right, well, you know, we've looked through the smoking remains and here's what we found. And I think that will also be interesting because it'll be really a third -party perspective on, you know, here's how this thing was set up and here's where things may have gone wrong or here's where things may have fallen apart. And getting a third -party perspective on that I think is going to be really fascinating because there'll be, I assume, a bit more objective about it than, you know, people who built it and worked on it maybe could be. One other kind of motion that happened this week that was pretty interesting or development, I should say, is that the judge did allow SPF's team to ask some of the witnesses about their drug use. What do you think will be the significance of that line of questioning? I think that goes back to, you know, a witness, cooperating FTX inner circle member saying, while we were at FTX, Sam directed us to manipulate FTT, whatever, you know, just speculating what someone could say. And the defense comes back and says, well, you know, are you sure that's what he said? Were you high at the time of these conversations or were you engaged in recreational drug use during the time you were running this company? You know, if I'm a member of the jury and I hear, okay, well, everyone was partying and on drugs and doing weird stuff or, you know, potentially, you know, in an altered state of mind, that might shape how I view the, you know, the defendant, the verdict, the whole case. So the judge did say that prior to making those, you know, kind of questions, the defense has to notify the prosecution and the judge about it. So it's not going to be a case of like they'll blindside the witnesses about this, but I imagine that's going to kind of go back to this effort to try and say like, okay, you know, Bankman Fried wasn't doing something wrong on his own or intentionally, it's just that things fell apart, but they were well -intentioned. The defense is going to attempt to, I think, pin some of the blame on legal advice that Bankman Fried received. How effective do you think that argument will be at trial? That's a really hard question to answer. I think the problem that the defense has is there's really no denying that FTX fell apart and it fell apart in like a very dramatic fashion, right? The day it filed for bankruptcy that evening, what, a couple hundred million dollars or tens of millions of dollars worth of crypto was stolen, I think. I forgot the exact amount, but you know, it was a pretty dramatic way to cap off what was already a chaotic week. So the problem the defense has is they can't say, well, FTX is fine. And so they're leaning on this advice of counsel defense. Their argument is going to be, you know, Bankman Fried was well -intentioned. He told his lawyers everything he wanted to do, and he did everything they told him to do. And so because it all fell apart, you can't really pin that on Bankman Fried. You have to look at the advice he was given and the information he was acting on. And so I guess part of the problem that the defense might have here is did they share or did Bankman Fried share everything he wanted to do with his attorneys? Did the attorneys have all the information and did he do exactly everything the way his attorneys told him to? And I don't know, you know, I'm sure we'll see answers to those questions over the next, you know, six weeks or so, but that seems to be kind of how that might play out. And it's going to be an interesting argument for sure. But again, I think it goes down to the central problem of FTX for sure collapsed and how you respond to that. One other issue is that the judge did rule that the prosecution could mention SPF's political donations. And there are charges specifically related to that that will be tried in a separate trial next year. So why were those allowed in this case? So this is where we get into what has become one of the new fun parts of being a court reporter in this case is Bahamas extradition treaties. So the original indictment that Bankman Fried was charged with back in December of 2022 did include campaign finance violations as one of the charges. But because it did not appear in the charging document that the Bahamas Police Department had, there's a Bahamas National Police, something like that, Bankman Fried's defense team successfully argued that they could not bring that charge right now because he had agreed to be extradited on the first seven charges, which were wire fraud and conspiracy to commit wire fraud and conspiracy to commit securities and bodies fraud, et cetera. So what it seems like is going to happen is the prosecution is going to try and fold all of that into all the political donation stuff into the other charges, into the wire fraud charges, and say, well, you know, we have the evidence, we have the allegations, and here's what you have to look at what that means for the next trial. And, you know, you're absolutely correct. There is another trial currently tentatively scheduled for either March or April 2024, next spring, either way, where we will be going through all of this again. But a lot of that is dependent on the Bahamas. And yeah, we could probably talk about that for another hour if you wanted to. All right. Well, we'll leave that for another episode. But one thing I did want to ask about is earlier in this interview, you said that his sentence was likely to be in the range of 10 to 20 years. And obviously, you know, there's many charges and we don't know which ones he'll be found guilty of and which ones he won't. But how are you coming up with that estimate? So yeah, I should definitely be more precise there. So I personally am not a lawyer or an expert in this. I have spoken to a number of lawyers about this. And what they said is, if you have a defendant who is found guilty, so these assumption here is that he is convicted on at least one of these charges. But if he's found guilty on even several of the charges, because all of the conduct is similar, because it's all kind of identical conduct at the core, a judge, when making a sentencing determination, will basically fold all the charges into each other, right? All the conduct. And so even though each of these charges, if you look at the DOJ, press release says, oh, it contains a maximum sentence of 20 years or five years, whatever. It's not going to be consecutive. It'll be concurrent. So the estimate I'm getting from various attorneys that I've spoken to over the past few weeks is probably be somewhere in the, you know, 10 to 20 year range. Some estimates came down as low as five years, some as many as 36 years. But they all seem to base that on just kind of the allegations, the charges themselves combined with the amount of money allegedly lost, which is more than 50 million, combined with the severity and all of that. Yeah. And so 50 million is sort of like some thresholds because I think it goes in levels of severity. Yeah. And the higher the number goes, the longer the sentence. However, that's the largest threshold, obviously. Yeah. I literally looked up the federal sentencing guidelines, which by the way, is a very confusing document. I did not understand it. So I asked someone else to explain it to me, but yeah, it's the different thresholds that you mentioned. And it starts with the, I think the thousands range and then just kind of escalates up and 50 million seems to have been the uppermost that they had. So it's 50 million plus. I think the allegation is something like 10 billion loss from FTX. So 10 billions, a hair more than 50 million. Just as many multiples. So that will probably be kind of the way they calculate it, probably. And again, this is dependent on if he's convicted on one or more charges and all sorts of stuff. Yeah. Okay. Well, we will have to see how all that plays out. Thank you so much for explaining all of this on Unchained. Thanks for having me again. Always great to talk to you. Yes. Same here. Don't forget next up is the weekly news recap today presented by veteran crypto reporter and Columbia University night budget fellow, Michael Del Castillo. Stick around for this week in crypto after this short break. Join over 80 million people using crypto .com. One of the easiest places to buy, trade and spend over 250 cryptocurrencies.
The Bitboy Crypto Podcast
A highlight from Ethereum ETF LAUNCHING Monday?! (Leaked SEC Documents)
"Good morning, everybody. It is September 28th. It's 1130, and it is time to discover crypto. We got Tim and BJ on the ones and twos. How are you two doing today? I'm doing fantastic, man. Alright. Ready for the show. BJ, are you in the silent era? Yes. Okay. He's in the silent era. Guys, we got a great show today. We're going to talk about the Bitcoin 1 %ers. We're going to talk about ETH futures ETF and how a senior analyst of ETFs at Bloomberg thinks it is going to be approved on Tuesday, folks. And that's why maybe you're seeing this huge, huge pump in ETH and a lot of alts as well. Also, we're going to talk about Gary Gensler getting roasted. We're going to replay the clip of the Pokemon cards. It's just too good not to share. Also, AI is alive. It's alive right now. How soon do we have a Terminator 2 style D -Day? Give it about 30 years. 30 years, folks. 30 years. Alright. We'll go ahead and start building the bunker right now. Yes, DC's in the suspenders. I know. If you just had the green bow tie, you and McHenry. Alright. One, I'm not going to wear a bow tie. Nothing against bow ties. Just bow ties aren't for me. I'm going to wear a regular tie with the classic winds or not, or I'm going to wear the suspenders. Yeah. This used to be my old bartending get up. I'll tell you what. You wear the suspenders in the button -up shirt. I'll wear the hoodie, but I'll wear the bow tie with the hoodie, and then we'll complete the whole ensemble. Okay. Okay. So you'll be like Fetterman, and I'll be Fetterman's, like, lowest level employee. Exactly. Yes. What were you going to say, BJ? That's like Voltron, yeah. Yeah, yeah. Then we'll team up. Alright. Well, let's just get right to the market cap story here. Alright. Where are we at? Whoa. Did you see that pump right there? Yesterday, we were up around 0 .4%. Today, we are up 2 .3 % for the crypto market cap. We had passed 1 .1 trillion. 24 -hour volume for the first time in a long time is above $50 billion. We're coming in at $52 billion. Bitcoin dominance, Tim's looking a little happy here. It was 47 .1 for a few days. It is now up to 47 .3. Gas, surprisingly low, only 20 Gwei, but it's actually about double of what it was yesterday, but still pretty low. I was surprised to see that. Alright, let's look at the pricing here. We have Bitcoin up 2 .1%. It is now coming in at 26 ,858 bucks. We have Ethereum past 1600, now 1638. It is up 2 .5%. BNB up 1%. XRP up 0 .5%. And we have Cardano up 1 .6%. Solana. Solana is pumping, folks. We have it up 2 .6. And TonCoin erasing about a third of the losses of the past week. It is up 2 .7%. But I'm ready to look at some of these top gainers. Ooh, look at Bitcoin Cash as well. Have you ever thought about trading Bitcoin SV or Bitcoin Cash? Because they do have pretty big moves. Yeah, no, I mean, they definitely are probably better for trading, especially if you want to stay away from leverage, but you still want to be able to utilize the moves of Bitcoin. But yeah, I haven't ever done it. Don't think I will. Okay. Alright. Well, let's look at the top gainers. Let's look at the top losers here. Wow. We have Compound. It is skyrocketing, folks. And Compound has shot back into the top 100. I have RollBit up 12 % just for today. I have a little bit of exposure to RollBit and a little bit of exposure to Apecoin. And I have a couple comic book issues of Thor, but I don't know if that will affect my pricing there. But it is up 10 .8 % and Apecoin up 7 .4%. Bitcoin Cash coming in as the top five gainer here, followed by Lido, DAL, then Aave, GMX, Maker, Arbitrum, Stacks. And then, hey, look, a little Chainlink way down at the bottom. Do you have any of these alts? You're not much of an alt guy, right? No, I mean, I have alts, but I don't go that deep. The moment I have about eight of them, Aave is one that is close to being on the list of maybe I'll come into it. You know what? You don't want to get into, though. I've been watching a lot of maybe... I think he's going to come on the show in the future. Shout out to Crypto Archie. Archie's been going really deep in some degens that are sitting around like a $4 million market cap, and their chances of 100Xing are greater than others. I do think I'm going to start looking into a real good degen portfolio. It's probably not going to take up more than... 10 % is probably being generous in my entire portfolio, but I like where I am. I'm definitely very top -heavy when it comes to crypto. I'm more conservative with my investments, but I'm going to take a little bit of risk this market. All right, BG says, BCH is my secret crush. My dirty girl, he calls it. Where's the one person? A million dollar vision. We're going to give you a million dollar vision. Hopefully, you can stick around and just be part of that positive message. I believe you will. I'm believing in you. All right, well, speaking of believing, I'm believing today we'll not have any of these these coins in the biggest losers of the top 100 cryptocurrencies here. I'm manifesting it. It's failed in the past, but today I'm feeling good. Let's go ahead and look. What do we have? We have Casper. All right, I'm not pale as it goes just yet. Casper is down only 1 .2, then followed by tethered gold. So this is a peg to gold price here, then gate, then another gold. We have another gold coin essentially losing here, then injective, and then stable coins. Wow, I escaped it today. I escaped it today, but gold's on the way down and I have exposure to gold. So does that count? Any day that stable coins are in your top losers, it's a good day for crypto. All right, can we, before we jump over to the top story here, can we look at some gold pricing and silver pricing here? I want to look at gold on Kitco, and if you want to look at silver, maybe we could check out some prices. I like Kitco, K -I -T -C -O. Here we have gold pulling up. Gold is down $14 for the day, so not a whole lot there when the price is coming in at $18 .61. How soon until ETH passes an ounce of gold? One ETH almost equals one ounce of gold. Costco starting to sell gold. I looked into it. They sell out usually within hours whenever they limit two per customer, but they sell one ounce nuggets right around spot price. All right, what do we have for silver? I don't know if this is the right one or not. I looked it up. This says CFDs on silver. Oh, you're a trading view guy. We like trading view. Shout out to Marcus Seifer. Price slightly down, but it's definitely got a consolidation kind of pattern going on here. Yes, we're still kind of moving, setting some higher lows, but we kind of flat out here. After kind of getting kind of in this region, we've flattened out with these lows. The resistance is getting lower, but I'm going to go ahead and say, Deezy, I think that this is a pattern. Watch what happens to support. We're back down at support, but this is a pattern I would almost lean more towards a move to the upside. Let me look at oscillators on this. Yeah, I'm feeling like that's bullish. I'm feeling like that's bullish. Plus, silver has underperformed relative to gold in the past 10, 20 years. I'm feeling pretty good about it right now. Yeah, no, the charts on the daily chart look more bullish than bearish, I would say. It's kind of sitting somewhat in the middle, but more bullish than bearish. All right, and we have Danny Boy saying, look at 100 coin. Maybe, maybe. We'll see. I don't know. Maybe we'll get some time here. All right, well, let's get into the top story here. ETH, futures, ETFs. What is it going to mean? I also got some short form content. Guys, we have an article talking about these Bloomberg analysts. I'm just going to do the deep dive as well, so let's read paragraph or two, and then we'll just see what exactly they're talking about. Let's go to the source material. Let's go to the source code of the simulation here. Bloomberg analyst shares information leaked from the inside that SEC on Ethereum futures ETF. They gave the good news date, folks. We're talking about Eric Balchunas. He's the senior ETF analyst. We're not talking about the janitor there. We're not talking about, you know, the guy that makes a tweet every now then. We're talking about their senior ETF analyst. And he said in a statement, he has inside on info when the SEC will approve the ETH futures ETF. Now, we know there's inside information. Who's going to have better inside info than Bloomberg senior ETF analyst? I'm feeling pretty good about this guy's sources. Now, you got to be careful. Never trust anonymous sources. But if I'm going to trust one, I might end up having to trust this one. All right, let's see what exactly were they talking about? It all started. Let's James Safart here. Nothing yet, but watching for filings to indicate Ethereum futures are indeed being accelerated for launch next week. All right, so what was he talking about here? Here's a repost from Eric. So Ether future ETFs could be trading as early as Tuesday, folks, as the SEC looks to speed things up and in order to get it done before the looming shutdown, just like they sped up delays on spot Bitcoin ETFs. If so, issuers likely in mad scramble as we seek to update the doc. So we have the government shutdown to thank for this actually getting sped up because we covered it I think two days ago. We looked at when the government shutdown happens, what happens through the individual agencies. If you weren't here, guys, SEC will reduce 90 % of its workforce, CFTC along the same line. So 10 poise, there's only going to be one showing up in that office. That's going to be a very lonely office. So what they're trying to do, they're trying to clear all the paperwork off the desks before it's just that one guy alone. I feel bad for that guy. Who is that guy? Shoot us a message here. All right, well, let's go back to X here. So he was quote tweeting this tweet from 14 hours ago. Well, let's, uh, let's see looking like SEC is going to let a bunch of ETH futures ETFs go next week, potentially. And then he was quoting this tweet. So let's look at that tweet. And then that was the one earlier hearing they might update so they can go on effective on Monday and trade on Tuesday. They've asked filers to update their docs by fry, uh, Friday PM. Uh, I'm guessing that's the end of day Friday. So they have till tomorrow, 5 PM Eastern standard time, get your paperwork done. If you get your spot futures, I'm sorry, your futures ETF paperwork filed, you might be able to trade it on a Tuesday. We're going to go ahead and get that in submitted on a Monday. So this guys, this could be very, very big. Now we have to wait till Monday, you know, nothing set in stone here, but however, according to the analyst, they will approve, uh, of the applications that candidates who do update it by Friday afternoon, and they will begin trading on Tuesday. Uh, how speaker McCarthy rejected the stopgap funding bill advancing in the Senate on Wednesday, leaving us just four days from the fourth partial shutdown of the U S government in the past decade. It is thought that a closure event would deeply affect the sec. It is rumored that the spot ETF applications were postponed early for this reason. So chat, where are you coming in? Are we going to shut down? I didn't realize we had done it four times in the past 10 years. I would have maybe said two in the past 15. That makes me think guys, I'm, I'm starting to lean towards, you know, if you asked me three days ago, I'm under 50%. I'm leaning towards 50%. I might even exceed 50 % by tomorrow. Where were you guys coming in on the odds of a government shutdown? Yeah, I think I'm a little low. I think I'd say maybe 35, 40 % it shuts down. I think they're going to have to do with both sides, but it would not behoove Biden to have that shutdown happen. There's a lot of reasons why they'd want to keep it open. Of course, there's a lot of Republicans in Congress, they're kind of pushing for it. They probably like it. They want it. I think they come to some sort of deal. They don't do it. Guys, should we just break down the alpha for you? You know, a lot of part, what makes this live show exciting is we can do things like BJ, while you go, could you look up October 19, 2021 daily candles on Bitcoin, October 19, 2021? Well, I'm going to be the idiot in the room as usual. So if we removed the debt ceiling and put it on pause till 2025, why would we even have a shutdown? Because it wasn't the entire shutdown when we would hit the debt ceiling. So that's not relevant for another 18 months. Yeah, that is a very good point on the debt ceiling. I think that that's a great question. So maybe that debt ceiling isn't as final as they made it appear because I was being told, oh, once this debt ceiling is raised, we don't have anything to worry about. And then two weeks later, we all of a sudden have something to worry about. So now we need to think about the next time they give us a debt ceiling raise. What the f are you actually doing here? Is it actually nothing? These game devs really need to figure out how they're building their ecosystem, because these rules just don't make sense anymore. They don't make, yeah, yeah. There's a lot of bugs in the code here. All right, we have the daily candles. See the date again? October 19th, 2021. If we just look at about a 30 -day period, maybe 10 days before to 10, 20 days after. Yep. So this is getting close to the top, but it was the, there's the, we ended up beating it out. But October 19th is right here. So it's this candle. We have one more day. We topped out on the 20th. Hover over the 19th. Right there. That is the day we had a Bitcoin futures ETF here. Move more to the right side. Let's, let's get a little bit in. That's the top right here. Let's stretch that Y axis. Let's stretch it out. All right, here we go. Go back to the 19th. Yep. The 19th, right? Let me go over here. 19th is right here. So in the lead up, it pumped, it pumped, but guys, that was a buy the rumor, sell the news. We had one more day. All right. They probably didn't want, you know, Fox Business News and MSNBC to be like, oh yeah, it got approved yesterday. Look at the price. So they gave us another 24 hours of pump. We've got the pump of metal pumping. Then, you know, a new cycle, you're probably not going to want to talk about it 36 hours later, 48 hours. So we got that pump. We got a nice strong pump for 24 hours. And then it went down folks. And then it went down. We went from, I believe that was about 55K, right? No, no, I'm sorry. 65K. 64, 64 .3. And then we dropped down to what about a week later? We got dropped down about 57 .8. All right. So we went from 63, 64, all the way back down to 57. And then we set in a new all time high. What was the amount of days from that low? What's the date? If you just hover, it gives you the date, right? On the bottom, it gives you the date. So date October 28th, it peaked November 10th. All right. So 13 days later. So a week later, it put in a local low. And then two weeks later, new all time high. Will the spot or will the futures ETH ETF play out in a similar way? I don't think we're, obviously we're not going to go to 4 ,500. We're not sending in a new all time high. But what I'm thinking is we might have a similar chart pattern. You're the Bitcoin ETF. In reality, this is only a period. That means we might have. All right. So that's the date. That's we're five days away from Tuesday, right? Friday, Saturday, Sunday, Monday, Tuesday. Go back five days from that, from the 19th. So go to the 14th, October 14th. 14th is right here. Boom. Nice big pump. It pumped for five days. Buy the room or sell the news. And then it dropped. And so maybe we're going to have a really good next four days. Maybe. You know, maybe I would say that that's a little bit premature. I think we have to look at a lot of different things going on. Obviously, we're getting close to the part where the market was going to top out and go to the downside. I think there, if anything, the case to be made here, even though there was some pump in that happens here, I would only make the case that this is proof ETFs can't save you from the bear market starting. I think there's I think it's a mixed bag. I think it's a little bit too irresponsible to try to say, well, back in October 2021, this happened. Well, there was a lot of things with timing and a lot of other different things. I think let's watch ETF. It will be bullish long term. But remember, futures ETFs allow both longing and shorting. So volatility is more what I'm predicting, not necessarily a firm. Let me play devil's advocate. That was what a lot of smart people thought was going to be the top or near the top. So if you have some, I have to hold this instrument for six months, and it's October 2021, you have one choice. You open in a long in October 21, you open in a short in October 21. I feel like a lot of smart money is choosing short. Well, let's go to today. We're almost half a year from the having. You have a choice. Are you going to open a long today to cash in in six months? Are you going to open a short today to cash in in six months? I feel like then many more people are going to choose short relative to today. You know what, let's actually that takes us into our next story. Let's talk about the big investors. Will they choose Bitcoin? Will they choose Ethereum? Will they choose, you know, futures or will they wait for spot? Here's what this Fidelity executive has to say. Ethereum investment thesis could be easier for institutions to grasp than this big, then bitcoins. And here is why. This was with the interview with a bankless YouTube channel. I do like bankless Fidelity's director of research, Chris Cooper, I think says the firm's Ethereum investment thesis could be an easier concept for blue chips to understand. With traditional, it's probably more easily go with them something like ether, then show them things where they grasp much quicker than investment thesis for Bitcoin. The investment thesis for Bitcoin, according to Cooper, is to truly understand it, you got to first to dabble into politics, got no little philosophy, got to know some game theory, got to know some economics, got to know some other concepts, you got to know the Byzantine generals problem, you got to know what the white paper is, you got to hate the NSA and the surveillance state. It's a lot, right? It is a lot. I remember that feeling, you know, half a decade ago, maybe more. Well, you know, I learned about Bitcoin, I didn't really get into it to about half a decade ago. I remember watching Andreas Antonopoulos clips on YouTube. And I just, I'm just alone in my living room with, you know, with, you know, maybe Mary J was there, but you know, I'm just alone. I'm watching this and my mind's getting blown here. And I'm just like, my God, I'm just so into what this guy is putting down. And then you go to your friend, and you try to, you're full of zeal. You feel like a religious apostle. And you're like, oh, my God, have you heard this thing called Bitcoin and what it's doing? And then you just get a blank stare back. Yeah. It's like, oh, yeah, I ate the orange pill, didn't I? Yeah. It's taken me back to these feelings here. All right. So yeah, it's a lot. Basically, what I'm saying, it's a lot to wrap your head around Bitcoin, folks. That's all I'm saying. I had the my first exposure to Bitcoin whatsoever was back in 2013. And I was the opposite side of that. What you just said, the staring face. There is this kid I met. He was very passionate about Bitcoin, tried to convince me it was the one world currency that Revelation talks about. He also was a pot farmer. So I looked at him and I said, OK, buddy, good story. Now, it turns out I should have gotten in when he told me to. He he was right. I should have gotten into Bitcoin. But I do hold to when you hear a lunatic who is growing pot for a living tell you that this currency is what Revelation talks about. You got it. You got to at least question it a little bit. I understand people still being stone faced at this point. Yeah. My first two exposure was 4chan and I was like, oh, anything they suggest is a scam, is a honeypot. And they are trying to hack me. And so that honestly, like in a weird way, learning I learned about it from too shady of a source. I was like, oh, yeah, I'm going to stay away from that one. The second exposure was my buddy buying ecstasy pills of Silk Road. And I'm like, again, another thing I want to stay away from. No, man, I'm good. I'm good. And then Silk Road happened. And also he lost his Bitcoin on a hard drive. So I was just like, yeah, I don't know about this, man. I don't know about this. And then eventually, you know, the hook got me there. All right. Well, you know, that's what we're saying about Bitcoin to truly understand it. It is a whole lot, you know, but imagine that you can get in front of them and just say, look, talking about Ethereum, here's the metrics, here's the cash flow, you put in your inputs, and they're looking at it like another financial instrument. And they're like, oh, yeah, that makes sense to me, you can have these scenario analyses where you could get your head around the probabilities. And then that way, people can size their position accordingly. That's how an institutional investor thinks. That's how a good investor thinks. They think around probability scenario analysis. And in fact, they are so strongly about that they capitalize the eye there. That's how institutional investor thinks. They really, they think about the probability scenarios there. So yeah, I think that's a pretty good, pretty good point there.
The Cryptoshow - blockchain, cryptocurrencies, Bitcoin and decentralization simply explained
A highlight from #465 Ethereum Futures ETF approved?! New All-Time High incoming??
"Welcome to the Crypto Show. Your podcast for everything around crypto, blockchain, bitcoin and more. Here is your host, international blockchain expert, serial entrepreneur and investor, Dr. Julian Hasp. Are we seeing an Ethereum future CTF coming out relatively soon? Hey and welcome to today's video. My name is Julian. On my channel it's all about making you crypto fit. I discuss the beautiful world of decentralization, blockchain, cryptocurrencies. And today we're going to discuss the second largest cryptocurrency, Ethereum. We're going to discuss a potential approval of an Ethereum futures ETF. Maybe even today on Friday, but maybe also only beginning of next week. Looks very promising. I'm going to give you some price targets. Some kind of things that I'm going to be looking for. And I'm going to give you a bit of what my course of action is going to be in all of that. So let's dive right in. First and foremost, because of the impending US shutdown, the SEC seems to speed run a lot of those applications. While the Bitcoin ETFs, and these are spot ETFs, all got delayed to January it looks like. And again, this doesn't mean that it's guaranteed to be approved in January, but at least the decision is going to happen ready in 2024. The Ethereum futures ETF seemed to be taking a different turn. First and foremost, there is a mixed futures ETF of Bitcoin and Ethereum with a 10 % Ethereum allocation, 90 % Bitcoin. That's going to be switched to 50 -50 next week. And that seems to have been approved already. And we can see this in the market. Suddenly, the futures all started to really jump up and generate quite a spread to spot. So someone is buying those futures and it's, I mean, sure, this can happen by anyone. But it's very likely that we're seeing these futures buying because the market or these players are getting ready to be listed. So it looks very promising. We don't have pure Ethereum futures ETFs yet. We have it for Bitcoin, but not for Ethereum. It's very likely that we're going to see an approval today on Friday or maybe beginning of next week. And this would be monumental for Ethereum. A lot of people are saying, oh, this is going to just crash the price of Ethereum. A couple of thoughts on this. First, if you look back on Bitcoin in 2021, a big part of the massive rally was actually those futures ETFs. Sure, afterwards it totally crashed. But this also has had a lot to do more with M2, in my opinion, getting completely compressed interest rates going up than anything else. So I'm not bearish on the Ethereum futures ETF. One has to be very careful, though, in what does the price do. The best scenario here would be that we are seeing maybe a rally up to 2000 or something, right, like a 10%, 20 % rally. I think that would be fantastic. But I think if we're going to see now suddenly a 50 % or 100 % rally, that would really scare me as well. And I would get very cautious on this. So I think the ideal scenario on this would be a strong bullish trend, but not like a 100 % pump or something. So I hope you understand where I'm coming from when I say, you know, I'm bullish on Ethereum, but I'm also not hoping that we're going to see 100 % kind of massive pump and then afterwards a dump. In general, such a futures ETF is definitely bullish because Ethereum doesn't have any institutional rails so far. And this would really be some rails. Now, suddenly everyone can invest in those ETFs, any pension fund could. So sure, they would all love to have a spot ETF, but futures ETF is kind of the second best here. And so you're going to see massive, massive drive. And you can see this also, the Ethereum price is outperforming Bitcoin at the moment. And this is something that I'm actually expecting going forward all the way until we may see a Bitcoin spot ETF. Until that point, I would be surprised if Ethereum rather underperforms simply because there's more speaking for Ethereum at the moment. We have the futures ETF, we have the dank sharding that's planned for November -ish. So it looks all very promising. And I sent out an email already. If you're not getting those emails, head over to ceonews .bake .io and really have a read on all those kind of strategies and ideas. At the moment, if you are not dollar -cost averaging into Ethereum, I mean, you can also dollar -cost average into Bitcoin. I'm also dollar -cost averaging into DeFi chain. If you're not doing this at the moment, you're either not believing that these futures ETFs are going to come out or you're in general bearish. But, I don't know, I am doing this and I think at the moment it makes just a lot, a lot of sense. By the way, on Bake, we do have a really cool dollar -cost averaging promotion right now where you even have the chance to win a Tesla. So if you want to check this out, head over to bake .io and have a look. Let me know your thoughts. What do you think? Do you think the Ethereum futures ETFs are going to get approved in the next two to three days? Do you think it's going to be bullish for the price? What is your course of action here? And again, I'm dollar -cost averaging. I'll stay long. I may take profits if the rally is too crazy, but like a 10 -20 % rally is not something that I'm going to take profit on. But if this suddenly becomes a 100 % rally, and look, this is possible, right? 100 % rally, suddenly we're shooting up to, I don't know, $3 ,000, $4 ,000 on Ethereum. It's easily possible because suddenly you have this institutional money coming in, then I would take profits, but not if it's like a 10 -20%. That's it. If you love these videos, let me know in the comments, share the video with other people, and I hope to see you soon with some more nice insights into the markets. Stay safe, stay healthy, subscribe to the channel, and I'll see you next time. Thank you so much. It was truly trillion. Bye -bye. Unfortunately, we are already at the end of today's episode. If you find The Crypto Show helpful and would like to continue being a part of it, don't forget to subscribe so you are notified when we have the next episode out. If you want to do me a huge favor, please leave a review. It literally only takes a few seconds, but it helps the podcast platforms to rank this show. Hear you next time. Julian.
The Bill Simmons Podcast
A highlight from A Dame Trade Deep Dive With Ben Thompson, Plus Seth Meyers and Million-Dollar Picks
"Coming up, Dame gets traded. Million dollar pick Seth Meyers, it's all next. It's the Bill Simmons Podcast presented by FanDuel. Get in on the football action right from the opening kickoff with America's number one sports book. The app is safe, secure, easy to use. FanDuel always has exclusive offers. When you win, you'll get paid instantly. FanDuel has lots of ways to play, like the spread, money line, over -unders, team totals, player props, so much more. Jump into the action at any time during the game with live betting. Combine multiple bets from the same game in a same game parlay. Download the FanDuel sports book app today. Make every moment more of this football season. The Ringer is committed to responsible gaming. Please visit TheRinger .com slash RG to learn more about the resources and help lines available and listen to the end of this episode for additional details. You must be 21 plus and present in select states. Gambling problem, call 1 -800 -GAMBLER or visit TheRinger .com slash RG. This episode is brought to you by Uber Eats. I just use this. Here's something every football fan should know. You can get everything you need for game day delivered with Uber Eats. Well, almost, almost anything because you can't get the dream flex for your fantasy team delivered with Uber Eats. But Tex -Mex, yeah, great pass protection, can't get it. Great pizza selection, oh yeah. While they can't help on the field, you can get pretty much everything else you need to watch the game delivered with Uber Eats. So this season, get anything, almost, almost anything for game day by ordering on the Uber Eats app. Uber Eats, official on -demand delivery partner of the NFL. Order now. I'll call in select markets and 21 plus to order. Product availability may vary by region. See app for details. We're also brought to you by The Ringer Podcast Network where I put up a new rewatchables on Monday night. We did the big chill. It was very, very exciting. I have Kyle Brandt coming on Monday's podcast. I'm just gonna tell you the movie now because it is gonna be the best moment of your weekend if you spent two hours watching this classic. We're doing Toy Soldiers. It really brings everything possible to the table. So if you wanna watch it ahead of time, there it is. That podcast is going up Monday night. If you wanna hear stuff about the debate, we have Tara Paul and Mary's podcast, Somebody's Gotta Win. That reacted to it as well as the press box with Brian Curtis and David Shoemaker. So there you go. Our debate coverage has been on point. Also, higher learning. Van and Rachel had Larry Elder on this weekend. It made a lot of noise, man. That podcast is great. I hope you check that out as well. Hope you're checking out theringer .com. And on this podcast, gonna talk about the dame trade at the top. We're gonna bring in Ben Thompson from the Techery newsletter, which he's been on this podcast I think four weeks ago. And he's a huge Bucks fan. He's gonna give the Bucks fan side of things. We're gonna do million dollar picks. And then old friend Seth Meyers talking about a whole bunch of stuff. So really good podcast. It's all next. First, our friends from Pro Jam. What's up? All right, I'm taping this on Thursday afternoon. Normally when there's a big MBA trade, I always do the emergency trade reaction right after the podcast. But we just put up a podcast on Tuesday. So I decided to play it a little differently this time. I wanted a little distance, I wanted to listen to stuff, read stuff, and try to form some big picture opinions coming out of this. So I have four smaller ones, then one big one. First one, I thought Portland did an incredible job with this trade. I really liked this trade, especially everyone was trying to bully them in June and July about, oh, you got to take Miami's offer. You just got to. It's where he wants to go. It's the only offer you're going to get. And guess what? They waited. They played it perfectly. They stared Miami down, and they got a much better deal. First of all, they get the Drew Holiday piece that they can flip into a bunch out of their stuff, which we'll talk about in one second. I love the DeAndre Ayton gamble. As you know, on this podcast, I am a big DeAndre Ayton guy. Not in the sense of I'm the biggest fan of his in the world, but I'm a fan of the asset. I just think I love the valued assets, no matter what it is. Whatever market we're talking about, DeAndre Ayton, 18 and 10 for his career, 60 % field goals percentage, 25 years old. He's played in 45 playoff games. He played four rounds in the 2021 finals. Last year, he got his ass kicked by Jokic. Oh, sorry. Like, that never happens. And Phoenix just sold on him, which I can't wait to talk about. But just from a Portland standpoint, they not only get Ayton in whatever they get for holiday, they get the 29 first, they get the two swaps, and they dump Nurkic. Nurkic hasn't had a healthy start to finish all the way through the playoffs here since 2018, which I'm positive was a long time ago. He's basically 12 and 8. He's, you know, a 50 % shooter. I made a list of the top 30 centers. I encourage you to do this at home, because what's more fun than making lists of NBA centers? I can't imagine anything. I made a list of who I thought were the best assets of the center position for talent, contract, everything. He was 29th on my list. The only person I had ahead of him who's technically a starter, unless you start talking about the Detroit or Charlotte guys, was Zubats on the Clippers. I thought he was the 29th best center asset in the league. And Phoenix, you know, just quickly to go to them, they're trying to win this year. They got worse. They turned Ayton's money into Nurkic and Grayson Allen and Nasir Little. Grayson Allen, we already know with him, he can't play in playoff series. We saw him 22. We saw it last year. I heard and read in some places like that, I got two rotation players. Did they? Is Nurkic a playoff rotation player? Is Grayson Allen a playoff rotation player? Because I'm positive he's not. So for the same money that they were spending on Ayton, they got three guys that I don't think are going to help them. In 25, the money comes down a little bit to 23 million just for Nurkic and Little, which is 7 million less than Ayton. And then in 26, that money goes up to 25 .5. But I don't understand what Phoenix was doing. Why not wait to see if Ayton clicks with Vogel? Vogel has such a good history with centers. He rejuvenated Dwight Howard on the 2020 Lakers. He basically created Roy Hibbert's career in 2013 with the defense verticality thing. I thought he was going to do a good job with Ayton. I'm stunned that they gave up on him. I'm almost waiting for one of those, now they tell us stories when, you know, that's where Brian Curtis calls them, where like a week after something happens, there's this kind of notebook dump where it's like, here's seven terrible DeAndre Ayton stories. So maybe that'll happen. But for Phoenix just to be like, cool, we locked this down, man. We got Nurkic. You're trying to win the title. You have KD and Booker and Beal. And like, what are you guys doing? Anyway, from Portland's standpoint, I love the Ayton thing. I love that they didn't get bullied. And I know they're going to turn Drew Holliday into something. So this to me was at least an A minus for them, for where they were two months ago, where Dave's like, I want to go to Miami. That's it. And if you don't trade me there, that's kind of fucked up. And they made this work as it got reported that, uh, I think in the athletic, that he expanded his list to Brooklyn and to Milwaukee in the last two weeks. And that's what Portland was waiting on. You know, they were banking on the fact that he's a competitive dude. He's one of the best 75 pairs ever. He wanted a situation settled. So, you know, you wait, you wait, you wait, they expand the list and then you go. Uh, there's a Drew Holliday piece to this. That's awesome. He becomes a contender prize. I wouldn't call this a Drew Holliday sweepstakes. I reserved sweepstakes for the superstars, but it's a mini sweepstakes. This is somebody that could have a huge impact on the playoff race. You know, not only the usual suspects, everybody's talking about Boston, ironically, Miami is a really good fit for him. And in some ways, um, I'm a little more scared of them with Miami than Dame in some ways, especially at a much cheaper contract with giving up less and keeping some of their assets. Philly, if they could pull it off, they have to be in there in Golden State, Minnesota. I think I have to mention Sacramento, I think is a team that if they could figure out how to get Drew without giving up their core, which is basically Keegan Murray and Sabonis and Fox, like that's, you know, could Davion Mitchell be in that trade with some, with a salary and some picks, who knows. The team that I love for Drew Holliday is OKC. I have OKC, you know, I started doing my MBA research for the over -under spot and I haven't landed on a number for them yet, but to me, they feel like a high forties team with Chet and with the growth of their young guys. And if you just like, let's say they traded Lou Dort and a bunch of their picks, maybe two firsts and two of their lesser picks or three firsts and a second, whatever it is. And they just say, fuck it. And they get Drew and you put him with Giddy and SGA and Jalen fucking awesome Williams and Chet Holmgren and all these other dudes they have, that might be a top three team in the West. I mean, that, that's starting to give me some early 2010s OKC vibes. So where he goes is going to be important. I just feel like there was so much Drew Holliday slander the last couple of days. You know, he's one of my favorite players. Even Haralabob, who was the chairman of the board of the Drew Holliday fan club for years and would have the benefit dinners there and, you know, just did a lot of yeoman's work on that front. And even he was like, yeah, yeah, Dame's better than Drew. That trade makes sense for Milwaukee. I was hurt, Haralabob. I was 100 % hurt by that. But you know, Drew got his ass kicked by Jimmy Butler in the playoffs last year. I get it. It happens. Jimmy was unbelievable. I feel like he would have kicked anybody's ass. By the way, why is Drew Holliday guarding Jimmy Butler? That speaks more to some of the issues with Milwaukee. He was never supposed to be a point guard and a creator. I think he was always better as an off -the -ball guy. We saw that with Rondo and New Orleans and just in general. I want to see him with a point guard. I want to see him just being unleashed, not having the ball a lot, just worrying about hitting threes, being an occasional, you know, make -shit -happen guy and being like the third or fourth best guy on a team without having the offensive responsibility to have. All their half court issues got blamed on him for the last couple of years. And I get it. They weren't like an awesome half -court team, even the other one in the finals, but I really value that dude. I had him, even I did the trade value list in August and I had him 37th and I had Dame 23rd. I think he's one of the best 30 players in the league still. He's 33 years old, which, you know, I'm going to talk in a second about when guards hit their mid -30s, but just in general, I think he's a real asset. If he goes to a team like the Celtics and they can keep Derek White and Tatum and Brown in the center, it's like, look out, man. So little mini sweepstakes, rarely do we get the trade, but then we still get another asset to talk about. Thank you for everyone involved in the trade. And then the fourth small point is just that, you know, not rocket science, Milwaukee bought some Giannis time here. They have one of the best 20 players of all time. They were staring down the barrel of a situation that was not good. I was talking about it on this podcast in late June and early July. I thought he was going to put them on the clock. I thought Mark Lasry selling his stake was a really bad sign for all of this because that dude is smart. As I laid out in June, that guy is really smart. And if he's feeling like, you know what, it's time for me to sell my buck stock, that makes me nervous. And then all the stuff that Giannis said and did, which I thought he did really fairly and really smartly. And I think that dude's about titles and that's it. And I know we say that about players, but I think in his case, I don't think he cares about, you know, what's my legacy, how do I compare against Dirk DeWhisky, any of that stuff. I just think he wants more rings. I mean, think about the guys who have won two rings out of the best 35 guys on my list of my pyramid. Those are all guys in my top 35 that won multiple wings. You go to the one -ring side, Jerry West, Oscar, Moses, Dirk, Jokic, Giannis, Pettit, Garnett, Kawhi, Rick Barry. That's the list he's on now. I certainly don't think he's looking at that list going, I got to get away from these guys, but it's a slightly different list. I think when you win multiple rings in multiple situations, it elevates you in a certain way. I think he fundamentally understands that at least a little bit. I want to be the best player since LeBron James. I think that's a thing that he wants. How am I going to do that? I need more rings. I need more finals trips. He knew from last year and maybe even the Boston series that they just weren't good enough. Whether this trade is going to be the thing that propels them, we'll find out, but he's been in the league 10 years, two MVPs, five first teams, two second teams, and now we have this little two -year window. Kawhi and the Raptors was a one -year window. This is a two -year window, I feel like. With Giannis, he's got two years left in his deals. So does Lopez. Middleton has two in a player option. Dame's got two, and then this crazy $120 million player option extension thingy that he has that just keeps going and going. It's probably two years. There's a world where this could go terribly this season, at least for what the expectations are, and then maybe it becomes Kawhi, Raptors. Maybe Giannis is like, you know what? That didn't work. Trade me. And the Bucks, who have no picks left and no future, they look at it next summer, and they go, all right. We tried it. Giannis, what can we get for you? Dame, what can we get? And they just do a reboot, rehaul. Remember, they won in 2021, which just takes so much pressure out of this. It's so much different than the Clippers situation, where they went all in on Kawhi and Paul George. They give up all those picks and SGA, and they've gotten nothing out of it. They haven't even made the finals. So it's got to happen. I think they at least probably have to make the finals. If they get bounced in round two, do I think Giannis is going to stay because they made this Dame -Mower trade? Probably not. So that leads to the big question, is how good of a trade was this? So there's a big picture angle on Dame, and it's going to sound negative, but I really don't want it to sound negative because I think Dame, I voted for him for NBA Top 75. I think he's been one of the best guards in the last 15 years. I think there's a ton of great things you can say, and there's a chance that he goes to Milwaukee, and this thing is fucking awesome. I know any Celtic fan I've talked to, including Isaiah, who's helping produce this podcast today, the Giannis -Dame pick and roll is just terrifying. Other than Jokic and Murray, it's going to be the single most unstoppable offensive play in the league. It is. We are conceding that point. The spot Dame is in right now, big picture -wise, it's weird. He's a superstar, but he's not, and we've seen guys like this before. I judge superstars by, do you have the resume statistically, and is your team succeeding consistently at a certain level? You can't totally say that about Dame. He's never been on a 55 -win team. He's missed the playoffs completely four times in 11 years. He said three first -round exits. He made the Final Four once in 2019, which was really lucky because Golden State and Houston were the two best teams, and then they got smoked. He's never been on a true contender ever. Instinctively, you go, well, that's not his fault. Who's he played with? Well, he played with LaMarcus Aldridge and CJ McCollum and a couple other guys, but not really anybody. The reason I'm putting this up is there's a success element that he has not had yet that for somebody with his resume is actually kind of unusual. I went and I looked up how many guards in the history of the league averaged 22 points a game for their career and played at least 700 games. I thought the list would be like 20. I didn't know. I didn't know what I was walking into. Only I think 75 guys have averaged 22 a game. So I went and I looked up the list, and it was 10 guys, 700 games, 22 a game for their career. There were some guys who came close like David Thompson, who I think is one of the best guards I've seen in the last 45 years, but had a short career and had some drug issues. He didn't make it. He didn't play enough games. Pete Maravich, 24 .2 points a game, but he didn't play enough games. Kyrie hasn't played enough games yet. Bradley Beale is five games away. I'm actually kind of glad the cutoff's at 700 so we don't have to talk about him. And then Mitchell and Trey Young aren't there yet. There's only 10 guys that made it, and the 10 guys are all fucking awesome. And again, I mentioned this in the context of Dame, who we think he is versus the success he's had. So the 10 guys, Michael Jordan, 30 .1, Jerry West, 27 .1, Allen Averson, 26 .7, George Gervin, 26 .2, Oscar Robertson, 25 .7, Kobe, 25 .0, Harden, 24 .7, Curry, 24 .6, Wade, 22, barely made it, and Russ, 22 .4, and then Dame is at 25 again. All right, what does he not have that those other guys have? Well, MJ, don't need to talk about him. Don't need to talk about Jerry West, who's the freaking logo. Allen Averson, pretty good comparison, right? Big stats, really memorable player, but not a ton of success. Here's the difference. Averson made the finals once. He won an MVP. Dame has done neither of those things. George Gervin was the best scoring guard of the 70s. He made two final fours. He had some bad luck. He really, in 79, really should have came close. And some of it's on him, right? He could have come through. Bobby Dandridge is the one that ended up coming through for the Bullets. They lose. But two final fours, he had four top five MVP finishes, five first teams, four second teams. He was just unassailably the best guard in the league until MJ. Oscar Robertson, don't need to go through him, but he won a ring and an MVP. Kobe, five rings and an MVP. Eleven first teams for Kobe, by the way. James Harden, three final fours, an MVP, six top five MVP finishes, six first team MBAs. And even though Harden has never made the finals as the best guy, he made it with OKC as the sixth man, you could build a contender around Harden. We saw it. We haven't really seen it with Dame. I think that's a fair thing to bring up. Curry, four rings, two MVPs, you know, the Curry thing. Dwayne Wade, three rings, two top five MVPs, two first teams, three second teams. He's more in the Dame waters a little bit, but he had the 2006 finals and he was the second best guy with LeBron on those heat teams. And then Westbrook, who you would say, well, Dame had a better career than Westbrook. Did he? Westbrook made the finals in 2012. He was second best guy on that team. Almost made the finals in 2016. He won an MVP. He had two first teams and five second teams. It's at least like a real argument. And I think when you look at Dame, he only had that one 2019 round three, got bounced. He's only had one top five MVP finish. He's only had one first team MBA and four second team MBAs. Really, really good top 75 career. But the piece that's missing is, have you been on a really good team? Have you made a real run at it? Which is why, you know, I think this Milwaukee trade is so much fun. This is his real chance. I get nervous about a couple things with this trade. One is that, you know, if you look at the 33 and older guards who average 22 points a game in a season. Jordan did it twice. Curry did it twice. Still going. Kobe did it three times. Jerry West twice. Sam Jones once. Hal Greer once. That's the entire list. Now the NBA is different. We have more three -pointers now. It's easier to score. Scoring is the easiest it's ever been. Guys can play at a longer age. So I'm not ruling out Dane being good for the next three years. But just pointing out, history is saying, be a little nervous. In general with guards, like Chris Paul, we saw from age 35 to 36 to 37, like it just dropped. But that's two years older than Dane. Maybe it's fine. I just worry about guards. We have not a lot of instances with guards in their mid -30s of them either peaking as players or being able to sustain whatever success they had during their prime. It always starts to go down with really no exceptions, except for Steph Curry. He's the only non -exception. So if your case is Dane's as good as Steph Curry, or Dane can be as potent as Steph Curry on a winning team, like, you know, Steph Curry is better than Dane, but I'm not going to argue that he couldn't do a lot of the stuff that Curry did in Golden State. The bigger issue for me, the age I'm definitely worried about. Dane has not been healthy the last couple of years, and we have not seen him play nine straight months at playoff basketball with a big bullseye on his back. Everybody coming after you, you're the best team. We haven't seen him do that ever, much less than the last couple of seasons. So can he stay up? Can he stay healthy? That's one thing. The defense with Dane just got kind of swept under the rug the last couple days, and I don't really understand it because there's five categories of defensive player I feel like. There's excellent, there's good, there's average, there's not so good, and then there's bad. And I think Dane's a bad defender. I think the stats back it up. Like, his defensive rating last year was 245 out of the guards. He's the 245th guard for defensive rating. You know, 117 .4 individual defensive rating is 483 overall. Portland's team's always defensively, it was the Achilles heel for them. Partly because of Dane, because he couldn't guard anybody. He's too small. And, you know, think about what we saw from the playoffs the last couple years. I think about the 2020 bubble Celtics playoffs, not infrequently, because I think that team had a chance to potentially win a title. What happened? Everyone hunted Kemba Walker. It was hunting season. It's like, where is he? Got to get a switch. Got to get Kemba Walker guarding somebody who's bigger, or got to beat him off the dribble, and it just became a hunt session with him. And basically, he got played out of the league. He's not in the league anymore. You know, we had this with Isaiah Thomas, too, in the mid -2010s. I think it's been an issue with Kyrie Irving. The Celtics certainly went at him in the playoff series with Brooklyn a couple years ago. Curry, you saw, who I think is a better defender than people give him credit for, but the And he's a much better defender than Dame is. Jordan Poole is somebody that got hunted in playoff series recently. Chris Paul, obviously, is a big one. Jalen Brunson, remember what the Heat did to him? Mitchell, when he was on Utah, this was a huge issue. And then Trae Young, obviously. My fear with Dame is he's a DH, and I think in Portland, part of the reasons he was able to put up the stats he did was because he wasn't playing defense, right? It was just, how many points can I score? My team isn't very good, and I'm just going to do my thing. He's an incredible offensive player. But how much of a trade -off is the defense, right? Well, you think, all right, well, Milwaukee, they're really good defensively. They'll be able to protect him. Here's the team. Giannis, Dame, Lopez, Portis, Middleton, Conaton, Beauchamp, Crowder. Who's guarding Trae Young on this team? Who's guarding Jason Tatum? Here's a partial list of guys that I don't think this team will be able to guard this season. Devin Booker, Tatum, Butler, Trae Young, Kyrie, Curry. Who's going to be chasing Curry around the screens? Dame lowered? Good luck. SGA, Luca, Mitchell, Murray, Edwards, Brunson, Ja, Garland, Fox, Halburn. Are they going to be able to cover Derek White? I don't know. The way this team is constructed, they are not going to have the ability to guard other guards at all, which means they're just going to have to be in a shooting match with them, right? It's going to be not much different than what's going to happen with Phoenix, where they're just literally going to have to outscore the other team. I've just watched too much playoff basketball over the last couple years, where it's like, if you have that weak link on defense, and you're playing a team that's smart enough, they're going to go after that weak link. Like, think about them against the Lakers, right? The Lakers figure their crunch time. Let's say they make the finals. It's Milwaukee and the Lakers, and Lakers crunch time. They're going to have LeBron and Davis and Austin Reeves and, I don't know, a shooter and a point guard, whatever. All they're going to be doing is trying to find where Dame is on the court and going after him. What about when they play Boston? Boston puts out White and Brogdon and Tatum and Brown and a center, and all they're going to be doing is trying to make sure Dame is covering somebody who has the ball who's now torturing him. I think it's a real problem for them. And what's funny is they gave up Drew's defense and, you know, they, what they gave up on defense, which is significant, and they gained an offense, it might end up just being a wash and they might just be a different version of the same team where they still have a huge flaw. It's just on the other end of the court. I'm just shocked that nobody brought up the defense. I agree he's an amazing offensive player and what's cool about this trade and what I'm excited about as a basketball fan is, can he go up a level? Right? A lot of these stats he put up, especially the last couple years. They didn't mean anything. They were, he was on bad teams. Like, who cares? Ultimately, Bradley Beal scored 30 points a game on the Wizards. Who cares? I think most really good offensive players, if they're on a bad team, can get between 25 and 30 a night. Can you do it nine months in a row? Can you do it when you're getting hunted on defense all over the place? How much can Milwaukee protect him? And what does he have in the tank at age 33 with 900 plus games on the O 'Dominor already? I'm still afraid of the Bucks, but people have, like, FanDuel had them as best odds in basketball and I think most people feel like they're the favorite now. I don't feel like there's a favorite. I think you can go through every team. Boston, I could, I'm scared of Porzingis. What's going to happen with Jalen Brown out there? He has contracts. Can Peyton Pritchard, all these different things. Philly, God only knows. Miami, they're unquestionably worse. Yeah, Milwaukee is going to be really good, but depending where Holiday lands and how this all plays out, I just think it's still wide open. And the other piece, so if you're just talking Boston, Miami, Tatum kills Milwaukee. I have no idea why. Boston is kind of built to at least stay with Dame and, you know, Derek White is about as good of a person you're going to have to try to keep Dame in check, at least. And Boston's done a really good job of guarding Giannis over the years. They don't have Grant Williams this year, but I just don't think, I think there's as many ways this goes wrong as it goes right, I guess would be my final thought on this because for what they gave up, especially with that 29 unprotected and the two swaps and, you know, they are all in on this team. And you know my theory, when you go all in on a team, you better think you can win. Not positive, but it's an awesome trade. It really is. It makes the league so much more fun. Dame and Giannis together. I'm going to enjoy watching Portland. I still have my eating stock. Watching Phoenix fans slowly realize that Derkiszna isn't the answer is going to be fun and then we'll see where Drew Holliday goes. So really fun trade. We're going to talk about it a little bit more with Die Hard Bucks fan, Ben Thompson in one second. Let's take a break.
The Breakdown
A highlight from Congressional Republicans Lash Out At Gensler
"And at the end of it all, after dealing with several more non -answers from Gensler, an exasperated ogles closed the hearing with the call to open up the floodgates, hit him with subpoenas, get the information we need. The obfuscation, the not answering questions, I'm sick and tired of it. Dude, you wear tap dancing shoes better than Fred Astaire and enough is enough. It's time that questions are answered and that we have the information that we need. 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 Thursday, September 28th, and today we are talking about Gensler's combative hearing. 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, we had yesterday another hearing featuring SEC Chair Gary Gensler. This was a House Financial Services Committee oversight hearing. And what makes this one a little bit more interesting, even in the Senate hearing that we heard last week, is one, it had some interesting lead -in in the fact that a bipartisan group had just sent Gary Gensler a letter encouraging him, in the strongest possible language, to approve a Bitcoin spot ETF. And two, it had the setup for some very interesting fireworks heading in. And indeed, that is exactly what we got. Committee Chairman Patrick McHenry set the agenda from the beginning with his opening remarks. He addressed Gensler saying, Last time you were before the committee, I voiced my concerns regarding your reckless approach to rulemaking, lack of capital formation agenda, crusade against the digital asset ecosystem, and unresponsiveness to Congress. So many things changed, so many things remain the same. Those are the same issues on the docket today. McHenry went on to accuse Gensler of doing nothing over the past five months to remedy the legitimate and often bipartisan concern expressed by this committee, adding that this is disgraceful and that their patience was wearing thin. Now, the Republican critique of Gensler's rulemaking agenda is that a huge number of rules have been proposed during his term without an economic analysis being performed on their cumulative effect. Regarding the crypto crackdown, McHenry rebuffed Gensler's constant assertion that the law is clear. He stated, your actions have created more confusion and lasting damage. Indeed, he said that contrary to the SEC's role of consumer protection, that Gensler's actions had, quote, pushed legitimate digital asset activities outside of regulated financial institutions where consumers are best protected. Keep in mind, this is all in the opening statements. McHenry went on noting that the SEC's regulation by enforcement agenda has been ineffective and has been on a massive losing streak in the courts. Still, the main point, the main thrust of McHenry's opening, was that it was unacceptable that the SEC had not engaged with Congress. Wrapping it up, McHenry said, the SEC is not above the law, nor is it unique. I do not want to be the first chairman of this committee to issue a subpoena to the SEC, and you should not want to be the first SEC chair to receive a congressional subpoena. Either we find a path forward where the SEC recognizes Congress as a co -equal branch of government and is responsive to our oversight duties, or my option is to issue that subpoena. It's time for you to consider the lasting consequences of your actions and what that means to the SEC's reputation long -term. While your time in this role may be temporary, the repercussions for your actions may be permanent for the agency. It was a fierce opening that sent the signal right away of what we were in store for. Now, a couple other quick notes around other opening statements. Democrat Ranking Member Maxine Waters used her time to rail against MAGA Republicans for pushing the government into a shutdown, and effectively defended the SEC's agenda on all fronts, and asserted that their rulemaking agenda was moving quote thoughtfully and effectively. Now, Gensler himself also got a chance to give an opening statement, and most of his time was spent on justifying the agency's regulatory agenda. He claimed overall that the rulemaking process had been measured with ample time and consideration given to public comment. Now, from there we moved into the question section of the hearing. McHenry as committee chair got to go first and used his questions to focus on Bitcoin. He asked Gensler whether he stood by his previous comments that Bitcoin is not a security, which Gensler evaded by talking in circles, never reaching a point. Notably frustrated by this process, McHenry snapped, I'm asking you to answer my question now. This is not supposed to be hard. Unable to get a straight answer, McHenry moved on to his point that there is currently no regulator with authority over Bitcoin's spot markets. He asked whether Gensler believed legislation should be passed to close that regulatory gap. To the surprise of no one, Gensler continued in his noncommittal manner, acknowledging the existence of said gap but failing to engage with the need for legislation. After that, McHenry left the crypto topic to press Gensler about when he can expect a response to document requests. Becoming ever more frustrated with Gensler's mealy -mouthed answers, McHenry said, This should not be the hard work of a chairman. You have 30 major rulemakings, but you won't even provide basic documents to us. Your unresponsiveness is non -compliance and we'll have to take action if you're not willing to comply. Now Maxine waters again as ranking minority member got to speak next. She, too, continued on the crypto theme, although she used her time to accuse the industry writ large of quote gross violations of the law that end in investors getting ripped off. She asked Gensler what the SEC has done to quote shut down crypto firms and whether quote crypto firms are getting the message. This, of course, mainly served to set up Gensler's usual sound bites. This is a field, he said, that's rife with fraud, manipulation and scams, and the American public is still getting hurt by the non -compliance in this field. Waters also used this chance to castigate Republicans who quote too often protect crypto firms. Now it was very clear listening to Waters that she wants the public to see the crypto industry as just Luna and FTX, to extrapolate them to everything and effectively shut the industry down. Now moving into the rest of the questioning, much of the substantive discussion centered on SEC staff accounting bulletin 121. Better known as SAB 121, this measure requires financial institutions to place intangible assets on their own balance sheet rather than in segregated customer accounts. The rule has been widely criticized for making crypto custody essentially unworkable for banks. Dissatisfaction was expressed from numerous representatives, including one of Gensler's usual allies, Brad Sherman. Sherman noted that the rule lumps all intangible assets together from real estate to crypto. He suggested that specifically designed rules for vastly different asset classes would be more appropriate. The most robust questioning on this topic, however, came from Republican Mike Flood. Flood put to Gensler that his staff did not consult with prudential regulators on SAB 121, which Gensler acknowledged. After stating that he had personally looked into this issue, Flood noted that the Accounting Standards Board had not published any guidance around crypto custody. This contradicted Gensler's comments from a previous hearing when he stated that the SEC was simply applying existing accounting rules. Flood said quote, With regard to SAB 121's potential effects on a bank's balance sheet, it's fair to say that fact pattern we have is that the SEC is not just going out of its lane, but it failed to comprehend the existence of any conflict with prudential rules. He suggested that there are only two explanations for this action. Either the SEC knew there was no justification for SAB 121 and chose to do it anyway, or that there were fairly obvious mistakes made during that process. Flood concluded saying quote, The case of SAB 121 raises the question of whether the SEC is compromised. Now, as you might expect, minority whip Tom Emmer lined up to take his shot with a series of rapid -fire yes or no questions. The main thrust of his questioning was around whether Gensler's history as a partner at Goldman Sachs had colored his agenda at the SEC. To get a sense of Emmer's opinion on this, just look at his tweet from yesterday where he said, Fact, Gary Gensler is not an impartial regulator, and his answers to my questions today prove just that. He's made a career of being relentlessly loyal to the largest institutions in America at the clear expense of innovation, competition, and everyday Americans. One example, Emmer presented Gensler with a quote he previously gave about bank executives being concerned about depositors moving money into crypto. Emmer asked, Can you assure this committee that your style of regulation by harassment towards digital asset innovation is to the benefit of every American and not driven by your desire to protect industry incumbents? At another point, Emmer asked whether Gensler believed that all crypto tokens were securities, which was, once again, avoided with a rambling noncommittal answer. And all of this built up to the big finale in which Emmer said, Mr. Gensler, despite your years of rhetoric, I'm convinced you are not an impartial regulator. Instead, it's clear you are working to consolidate your own power even though it means crushing opportunities for everyday Americans and, frankly, the financial future of this country. Even the federal courts are highlighting the damage you, sir, are doing to our constituents and they are telling you you don't have the legal authority to accomplish your goal of squashing competition in the financial markets. Now, while this was extremely satisfying to watch if you happen to agree with Emmer, in general, I find that this type of interaction is exactly why these hearings are so much about and not really about productive anything. This was a chance to articulate the Republican position against Gary Gensler. There's no real place for listening. It's about laying out a narrative. Now, in this case, I happen to agree with Emmer's narrative, but it still doesn't make for the most effective governance. Another notable line of questioning came from Democrat Richie Torres. Torres used his time to dig into the issue of whether crypto should be governed by securities law. He said, I worry that the term investment contract has become so infinitely malleable and I worry that when it comes to crypto, your interpretation of the term investment contract has no limiting principle and therefore could invite arbitrary and capricious enforcement action. Torres referenced an August report from six law professors which examined the history of the Howey test. That report had noted that no Supreme Court ruling has ever determined the existence of an investment contract scheme without recognizing one or more contracts underlying that scheme. When pushed to provide a case that contradicts this research, Gensler was unable to do so. When Gensler began to waffle, Torres cut him off, stating that, This is a question to which you should know the answer because the definition of an investment contract is the central issue. That's what determines the extent of your authority. That's what determines the applicability of federal securities law to crypto transactions. Your inability to answer that question is baffling to me. Switching tactics, Torres asked whether purchasing a Pokémon card would constitute a securities transaction. Gensler, as always, was unable to give a straight answer, stating that he would know what the context was, although generally he acknowledged that it would not be. Torres followed up by asking whether purchasing a tokenized Pokémon card would be considered a securities transaction. He asked Gensler if, For you, the process of tokenization is what transforms a non -securities transaction into a securities transaction? Gensler, of course, did not get to a real answer and just fell back on restating the elements of the Howey test. One other topic that you might be wondering if it came up was the Prometheum question. Prometheum was, of course, the first crypto firm to obtain SEC registration as a crypto brokerage, despite the fact that that licensing seems to give them no ability to actually offer digital asset trading. Prometheum is also minority -owned by a prominent Chinese firm. After Gensler failed to express any serious concern with the Prometheum situation, Congressman Ralph Norman noted that the SEC had taken 10 weeks to respond to a letter on the issue. He said, Andy Ogles brought the four -hour hearing full circle, saying, And at the end of it all, after dealing with several more non -answers from Gensler, an exasperated Ogles closed the hearing with the call to, So, what can be drawn from this hearing, if anything? Well, Gensler appears to be stubbornly sticking to his plan to evade document requests and oversight from Republican representatives. Over the four -hour hearing, there were few, if any, answers from Gensler that produced any new information or even, frankly, attempted good -faith engagement with the questions. Throughout the hearing, Gensler acted as if he knew there would be no serious repercussions and he could continue to treat congressional oversight as a joke. Republicans, for their part, are clearly fed up and ready to act. McHenry began and ended the hearing with a threat to subpoena the SEC and Gensler to compel a response to the numerous document requests that have gone unanswered. The threat seemed to carry little weight for Gensler, who seemed more than willing to allow that controversial action to play out. Now, on the flip side, establishment Democrats appear entirely disengaged with the legislative process and committed to the current strategy of naming failed crypto projects and demanding that the SEC continue its rampage throughout the industry. No senior Democrats appear at all concerned that the SEC is losing in court, as long as that litigation remains a roadblock for the industry. Representative Torres remained a bright spot and one of the few Democrats breaking with his senior colleagues. His questions showed a deep understanding of the legal issues surrounding token lawsuits and the need for additional clarity and crypto regulation. Overall, the hearing really just confirmed what we already knew about Gensler and his leadership of the SEC, which is, of course, that it seems very unlikely that anything will change. However, Republicans have now clearly reached the end of their rope and are ready to play hardball by using subpoena power. As Bill Huizenga put it to Gensler, what's your plan? Because we've got a plan. Until next time, guys, be safe and take care of each other. Peace.
The Cryptoshow - blockchain, cryptocurrencies, Bitcoin and decentralization simply explained
A highlight from #464 How to determine Bitcoins value? The most important parameters!
"Welcome to The Crypto Show, your podcast for everything around crypto, blockchain, bitcoin, and more. Here is your host, international blockchain expert, serial entrepreneur, and investor, Dr. Julian Hasp. Are there parameters that you could look at that tell you if Bitcoin's value is going up, or sideways, or down, or is the only thing that we can look at price? Hey, welcome to this video. My name is Julian. On my channel, it's all about making you crypto fit. I discuss the beautiful world of decentralization, blockchain, cryptocurrencies, general investing, and much, much more. I try to kind of look at this from different angles. On the one hand, as a CEO of a large group operating in a crypto space. Obviously, as an investor trying to increase my purchase power, as someone who works with various regulators, and so I try to bring every, like a little bit of an aspect to that. If you look into normal investments aside of crypto, then all these investments, as soon as they are liquid, have a price, right? Then you can track this price. It's very, very easy. But Buffett always says, price is what you pay, value is what you get. So the question always is, how can you look at value? And there are different metrics, ideas, what you can look at. In general, we have cash flow in things like stocks, like bonds, like real estate. And what happens normally is you look at how much cash flow is produced, and you look at how valuable is this cash flow. For example, if interest rates are relatively high, that cash flow is not as valuable because it's very easy to get cash flow simply by lending money to the government, for example. If interest rates are relatively low, this cash flow can be very, very interesting. But in general, you look at cash flow. With some other companies, you look at even more, some more fundamental things, right? For example, a Tesla, Tesla key metric is always how many cars are produced. And so obviously the more cars per week, for example, are produced, in general, you can say, well, Tesla becomes more valuable. With Amazon, this was very powerful in 2000 dot -com crash, Amazon price got slaughtered. But at the same time, the revenue numbers went up, the number of customers went up, the number of purchases went up. So it's undeniable that the value of the company went up while the price may have gone down. Well, this is cash flowing, so generally this is a bit easier. But when we think of non -cash flowing things, we could think of commodities, we could think of precious metals like gold, and we can even think of fiat. Yes, fiat is cash flowing, but most of the time that cash flow is inflation. And so it's also interesting to kind of counterbalance that. Sure, interest rate can have a net yield if it's higher than inflation, and some years this is the case, and in some years it's not the case. But we're going to look at all three. And then we're going to look at crypto, we're going to look at Bitcoin, we're going to look at Ethereum, we're going to look at DeFi chain, and we're going to look at some parameters there. So first, let's look at commodities. In commodities, we obviously have a price, there's no cash flow, but a couple of things we can look at is how much is this commodity actually used. So for example, if we look at oil, we can see how many oil -needing cars are out there, how much oil does the industry actually utilize. In general, and this is key here, this generally means that this commodity, or be it a rare earth or something, is used, so it cannot be put back into its original form. Now obviously this is important here when we talk about usage. Now with gold, precious metals is a bit different, because in general gold cannot be used up. It can be used, but it cannot be used up, because it's an element, and destroying an element is not really possible. Now you can transform it, but with gold this is very very uncommon. But we can look for example, how much gold is used for industrial use, we can look at how much gold is used for jewelry. Now in theory this can be undone, but industrial use of jewelry in general is not a price speculation. So this would be a very very clear utilization, and these are kind of parameters that we could look at. So the more the Indians or the Chinese are buying gold for jewelry, in general we can say the price can be very well supported by something else other than price speculation. Or if more iPhones are being built and they need gold, then well this also drives obviously gold usage. What about fiat though? Is fiat only kind of used for a price? Is the US dollar the only thing you can look at is relation to other currencies? No. The actual use of a currency is that of a unit of account. That's the prime and number one kind of metric. How much is the dollar used as a unit of account? And we have a very good metric for that, and that is GDP. The bigger, the stronger the GDP in general, the stronger the currency. The number one GDP in the world, US dollar, that is why it's the global currency. And other currencies obviously go up there as well, but in general this is the number one utility measure for all these things. So you do have very clear utility numbers for all these things. And then we have crypto. And in crypto, the number one metrics that we always see from people out there are price metrics. People look at charts, they look at moving averages, they have the $200 moving average, they have a 20, a 50, a 200 week moving average. They tell you that the price has never crossed those things. But to be honest, these are absolutely terrible to me, these are not really good parameters. They are just there because we are actually really struggling to find good parameters in the crypto space. And you will see this. Now I have separated the parameters into three different types, into those that are really terrible, those that are okay, and then the gold standards. Now the gold standards measure the actual utilization, and this is always the key, and you will see this. So let's dive in with this. And maybe before I do this, let me know what you think is the key metric to look at when we look at Bitcoin. What is the key parameter? What's the key measurement? How would you measure those things? So let's take a look here. Now I have four really, really bad ones. The first one, anything that can actually be easily gained by bots or by a cyber attack. And actually, Satoshi knew that, and that is why we actually needed mining because he knew that it was impossible to somehow measure those things. For example, anything transaction -based because transactions are actually relatively cheap to make. So you can do a lot, a lot of transactions, and it doesn't really tell you anything. Also, the value that's being sent is a horrible metric because I could send a billion left, a billion right, a billion left, a billion right, and it doesn't tell you anything. Daily active addresses, also very difficult metric to use. Otherwise, Satoshi would have used these kind of things and would have said, look, instead of burning useless electricity, you have to make a thousand transactions, so the more transactions you make, the higher your chance that you're going to find the next block. None of that is the case. So he knew that. Why? Because burning electricity is just really clear, but actually doing those transactions is not clear because it can be bots, it can be easily gained. Now, some people mistakenly think that the hashrate tells you a lot about as a metric. And this is just LOL, I'm sorry. Hashrate is a consequence of the Bitcoin price, not the other way around. Now, I get it. To a certain extent, you need some hashrate, right? Because if you have zero, then this network is not stable. But after a certain limit, it doesn't really matter as much anymore if the hashrate doubles, for example, right? Like at the moment, the network doesn't become more stable just because the hashrate doubles, or even if it halves, it's not half as strong. This is ridiculous, right? It's so, so, so difficult already to attack it. And at the end, hashrate is purely a service provider that the network pays. So the bigger the budget, the more hashrate there is. And obviously, it's hashrate times hashprice. So the hashprice has been going down. So that's why the hashrate keeps going up all the time, even though the budget actually keeps going down slightly just because hashrate is actually going up. So the key metric is not necessarily hashrate. So it would actually be the hashprice. That's the key thing. And it's absolutely useless to look at that because that's just a consequence of the price. So looking at hashrate is just a trailing parameter from price doesn't really help much. Again, looking at price itself is just self -reinforcing. Just think about use price as a metric. Then if it goes down, that means value is going down. That means you should sell, which would make the price go down even further. So absolutely useless. And then there's a lot of those blah, blah statements, right? That are absolutely not measurable. And people love having this like, oh, we need to measure decentralization or the best thing is decentralization or freedom or it's the best thing ever. But there's no metric. There's nothing you can measure. And so at the end, this is just people kind of bypassing that they don't really have a parameter to kind of measure. So these are the really terrible ones. When you see people kind of talking about those, it's either they have no clue, they haven't thought this through, or they just don't have anything. And it's a combination of all three of all those. OK, so let's look at the OK ones. Now, there's a couple of OK ones and they're not really good, but I think they are usable.
Mark Levin
David McCormick: Bob Casey Has Supported 98% of Biden's Policies
"Could not put your finger on a single thing that he's done from from is what arguably one of the most significant states in the country, the birthplace of our country and a battleground state. But here's the thing, Mark, that is just shocking. Under Joe Biden, Bob Casey has voted 98 % with Joe Biden. He's a rubber stamp that has over and over again supported the policies that are taking our country in a terrible direction, whether it's the border, inflation, law and order. And so this is emblematic of someone who's not actively fighting for the interests of Pennsylvania, but has essentially adapted of the terrible policies of Joe Biden. And that's why I believe that when presented with an opportunity to vote for someone who's going to fight for them, who's an independent leader, who's going to fight for the people of Pennsylvania and who's going to act as a leader, I think that there's a real chance that Pennsylvania's will will make the different choice. And I'm going to work hard during their vote. Well, the Democrat ruling class in Pennsylvania is frightened of you. The governor put out an edict, which is intended to harm your election chances, automatic voter registration. He did it without any legislation from the legislature in Pennsylvania. That's directly aimed at you, I believe. case In of the Bob Casey, what he does is he overwhelms the airwaves. It's very expensive in Pennsylvania. You have all these these big cities, but you have these sort of cluster areas of big cities with suburbs. And so the media market is very expensive, and he expects to overwhelm you with all kinds of donations from Schumer, the hard -left Democrat billionaires, and all the rest of it. And this is why I've endorsed you, because I think you're good you're on the issues, a good debater, and you have at least some finances, significantly so, to take
The Dan Bongino Show
95-Year-Old Veteran Kicked out of Nursing Home for Migrant Housing
"It's going to sound a lot like this. This is a 95, yes, 95, 95 year WLS News. Have you ever covered a carpet Have This is AM Chicago, 94 WLS News. I want you to listen to this every single word of it. And if this doesn't bring a little bit of moisture to your eyeballs This is AM Chicago, 94 WLS News. This people in island shores they gave us time to 94 WLS News. This And one is day, there's a thing on the board, notice on the board, you gotta you next Chicago, 94 WLS News. I thought my This is AM Chicago, 94 is AM Chicago, 94 WLS This is AM And that was it. I said, no, no, no, no, you're not front of me, and they said, Yes, yes, yes, we are. And everything was done behind closed doors. We didn't have a chance to actually make any attempt to stop them because How do you how This is like, this is like a Gotham City Like a bad Batman movie or something. You kick out a 95 year old
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1415: Bitcoin Will Soon Hit $500,000 - Winklevoss Twins
"Welcome everybody to Crypto News Alerts, the number one daily Bitcoin pod. In today's show, I'll be breaking down the latest Bitcoin technical analysis as Bitcoin recaptures $27 ,000 and quoting Max Keiser, the high priest of Bitcoin, Bitcoin is the North Star guiding to the only safe haven asset in the world that protects against inflation, confiscation and censorship preach. Also in today's show, Ethereum futures ETFs can start trading as early as next week. According to top Bloomberg analysts, we'll also be discussing the SEC pushing back the deadline for spot Bitcoin ETF apps, definitely not a good look. And speaking of ETF apps, I'm also going to be sharing the five highlights of Gary Gensler's evasive testimony before Congress quoting Senator Warren Davidson. Gary Gensler's tenure at the SEC highlights two key problems. Number one, Gary Gensler's problem and number two, the SEC's structural problem. That's why I introduced the SEC Stabilization Act to fire Gary Gensler and restructure the SEC. Let's freaking go. Also in today's show, crypto analyst Michal van de Poppe predicts a very positive quarter four for 2023. I'll be sharing his targets in which he outlines. We're also going to be discussing the SEC's inaction on the spot Bitcoin ETF is a complete and utter disaster, according to the Winklevoss twins. And speaking of the Winklevoss twins, I'm also going to be sharing with you their $500 ,000 Bitcoin price prediction, which they say is coming soon. We'll also be taking a look at the overall crypto market. All this plus so much more in today's show. Yo what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. Welcome everyone. This is pod episode number 1415. I'm your host JV. Today is September 28, 2023 and Bitcoin is finally back above 27 ,000 as we're pumping right when I hit the live button. We're currently above 27 ,100 up over 300 % today and we continue climbing. Welcome everyone in the live chat. I gracefully appreciate y 'all. Yeah, who knows? Maybe we'll hit 28 ,000 by the time today's live stream is over. Let's see. And make sure to let me know where you're tuning in from in that live chat as I'll be giving everyone a shout out towards the end of the show. And with that being shared, fam, now let's dive into today's market watch. As you can see here, every major crypto back in the green. Bitcoin above 27 G's. We got Ether up three and a half percent trading at $1 ,655 BNB, XRP, Cardano, you name it. And checking out coinmarketcap .com, we're currently sitting above $1 .07 trillion with about $26 billion in volume in the past 24 hours, Bitcoin dominance at 49 .1 % and even the Ether dominance on the rise today at 18 .5 % and checking out the top 100 crypto gainers of the past 24 hours, holy moly, compound up 20 % trading under 49 bucks, followed by Thor chain up 13 % trading at $1 .94, followed by Lido Dow up 8 % trading at $1 .59 and checking out the top 100 crypto gainers of the past week, massive gains, which we love to see, especially after a pretty bearish altcoin season to say the least. We got CompLead in the pack here as well up 20 % and Rune up 13 .4 % and RLB up 13 % and checking out the crypto greed and fear index, we're currently rated a 46 in fear yesterday at 44 last week, a 47 and last month, a 39 in fear. So there you have it, fam. How many of you are currently bullish on Bitcoin and how many of you took advantage of the recent dip? If so, let me know. It's good to see we pump in once again. So hopefully those positions are now in the green. Now let's break down today's Bitcoin technical analysis, check out the charts and why specifically the market is pumping right now. Here we go. Let's get it. Bitcoin hit new weekly highs after the September 28th Wall Street open as markets awaited fresh cues from the US Federal Reserve. And here you can see in the Bitcoin one hour Campbell chart, pretty freaking bullish to say the least. Data from Cointelegraph and TradingView showed Bitcoin price strength staging a comeback, having delivered what some referred to as a classic pump and dump 24 hours prior during the performance. Bitcoin hit a high of 26 .8, which appeared on Bitstamp as a result of 2 % daily gains before Bitcoin retraced all of its progress, then a slower grind higher than took hold with the bulls edging closer to 27 ,000, which we finally just recaptured here a few moments ago. Now GDP for quarter two grew by 1 .7 % year on year below the projected 2%, while the PCE index data for August came in in line with the expectations, quoting analyst Keith Allen, bring on the volatility. Now meanwhile, data from Binance's order book uploaded by Allen showed little by way of resistance standing in the way of the spot price under the 27 ,000 mark. So as you can see, just more bullishness for the king crypto, the macro data constituted just the prelude of the day's main event. Meanwhile, Jerome Powell, the chairman of the Federal Reserve due to the comment later on today, Powell, whose recent words failed to deliver noticeable volatility to the crypto markets was due to speak at the Fed's conversation with the chairman, a teacher town hall meeting event in Washington DC at 4 p .m. Eastern today. Now commenting on the state of play on Bitcoin markets, popular trader Dan crypto trades was a little more optimistic around the strength of the day's move compared to yesterday, September 27th, quoting him here back to yesterday's highs, but with considerably less open interests. No doubt there is longs chase in here, but it is less frothy than it was yesterday. Would still like to see longs chill out and not get to a full retrace later on. So there you have it. Let me know if you agree or disagree with the analysts. Meanwhile, quoting another analyst, right, capital Bitcoin is right back at the bull market support band cluster of moving averages, challenging to break out beyond them. Let's freaking go. Now, elsewhere in the day's analysis, he acknowledged that 29 ,000 could make a reappearance and still form a part of a broader come down for BTC. As he shares here, it's important to remember the Bitcoin could technically rally even as high as 29 ,000 to form a new lower high, which would be phase A and B. He explained alongside this chart. So there you have it. Let me know if you are currently more bullish or bearish on the King crypto and quoting the high priest of Bitcoin, Max Kaiser, Bitcoin is the North star guiding to the only safe haven asset in the world that protects against inflation confiscation and censorship preach. Now welcome to y 'all just joining us in today's podcast. As always, I appreciate everyone's daily support and means the world. And now let's discuss our next story of the day as Bitcoin continues to pump, shall we? We're going to be discussing the Ethereum futures ETFs, which can get approval. They say potentially as early as next week. So let's break this one down, shall we? Ether futures ETFs could start trading for the first time in the United States as early as next week. According to top Bloomberg analysts on September 28th, which is today, Bloomberg intelligence analyst, James Safart said in an ex post, it was looking like the sec is going to let a bunch of Ethereum futures ETFs go next week. Potentially. His comments were in response to fellow ETF analyst, Eric Balchunes, who said he was hearing that the U S SCC wanted to accelerate the launch of Ethereum future ETFs quitting him here. They want it off their plate before the shutdown, he said, adding that he's heard various filers updates on their documents by Friday afternoon so they can start trading as early as Tuesday next week. As outlined here on X. Now the U S S government's expected to shut down at 1201 a .m. Eastern on October 1st. If Congress fails to agree on or provide funding for the new fiscal year, which is expected to impact the country's financial regulators amongst federal agencies. Now neither specified their sources for the latest update on the long list of crypto ETFs in the queue. There are currently 15 ether futures ETFs from nine issuers currently awaiting approval. According to the analysts in a September 27th note, which is yesterday, companies proposing an Ethereum futures or hybrid ETF product include VanEck pro shares, grayscale volatility shares bitwise direction, as well as round Hill. The analysts gave ether future ETFs a 90 % chance of launching in October with Valkyrie's ether exposure on October 3rd, quoting them here. We expect pure Ethereum futures ETFs to start trading the following week, thanks to volatility shares actions. However, we don't expect all of them to launch. So do note that now as previously reported that ether futures ETFs may be approved in October causing the 11 % spike in ether prices and probably why the Ethereum dominance is up as it's been stagnant and down for quite some time. Ether prices are on the gain, currently just under $1 ,700 and we'll see how high we continue to pump, but do note crypto future products aren't as hotly as anticipated as their spot based alternatives. There are already been Bitcoin futures ETFs approved in the United States since 2021, which is a fact, which leads us to the million dollar question. Why have they approved a futures ETFs, but continue to deny and delay all the spot ETFs? We're going to be getting to that a little later as I share with you the highlights from Congress pressing the chairman of the SEC, Gary Gensler. It's going to get very interesting here in a little bit, but now let's dive a little deeper and discuss specifically the spot Bitcoin ETFs and what is happening and why they're being pushed back and the latest updates of where we're currently at. So here we go and welcome y 'all just tuning in. Make sure to smash that like fam. The US SEC has delayed deciding whether to approve or disapprove spot Ether ETFs. And like I said, we're going to be getting in October potentially get some approvals, but in separate notices filed September 27th, the SEC said it would designate a longer period on whether to approve or disapprove these proposed changes. The commission finds it inappropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised there within. The delay came the same day as the NASDAQ market filed the proposed rule change with the SEC for listing its mix ETH basically ETF, a combination of Ether holdings and futures contracts and also proposed rule changes with the New York Stock Exchange, ARCA for the Grayscale Ethereum Futures Trust, hashtag Bitcoin Futures ETF and the CBOE BXE exchange for the Franklin Bitcoin ETF were all filed. September 27th, that's right. If you're not familiar with Franklin Templeton, there are one and a half trillion dollar asset manager. They're also applying for an ETF. Now the SEC announced September 26th, it would designate a longer period to decide on these spot ETF applications. And as James Safart shares here, here's VanEx delay as expected. So another one, I mean, exactly what we were expecting from the SEC. Now in August, ARK investment manager, founder and CEO Kathy Wood speculated that should the SEC move forward with the spot ETF approvals, it would allow multiple listings simultaneously to avoid giving any single company an advantage over another in the market. Her remarks came before Grayscale Investments won a court battle with the SEC over its spot Bitcoin ETF app, which will likely be reviewed in which they're trying to turn their GBTC product into a spot ETF. So hopefully it happens. To date, the SEC has never approved the spot crypto ETF in the United States, but has allowed the listing of crypto linked futures ETFs and a leveraged Bitcoin futures ETF. Manipulation, fam. The next deadlines for the spot crypto ETF apps from firms, which include the largest asset manager in the world, BlackRock, Wisdom Tree, Invesco, Galaxy, Valkyrie, Bitwise and Fidelity are all scheduled for October. So we'll see how this is likely to play out considering October is now only three days away. Are we going to get some ETF approvals by then? Who knows? I think more than likely they're going to push it back again. However, Congress right now is pressing Gary Gensler to approve a spot Bitcoin ETF and ETPs immediately. So now let's break this down. If you missed Gensler, he was pressed by Congress just yesterday. And I know it's on everyone's mind. So let's break down some of the highlights from this recent hearing with Congress and the chairman of the SEC, Gary Gensler. Let's break it down, shall we? Here we go. Blame for kneecapping capital markets in the U .S. and slam for dodging questions around Bitcoin and Pokemon cards. SEC chair Gensler appears to have had one hell of a grilling from Congress this week. September 27th, the U .S. SEC chief again found himself in front of lawmakers in a scheduled hearing to discuss his agency's oversight of the markets. Here are some of the highlights. First and foremost, you are the Tonya Harding of security regulations. We should create a Gary Gensler diss track, right? One of the more colorful analogies came from U .S. Representative Andy Barr, who accused Gensler of kneecapping the U .S. capital markets with regulatory red tape. Barr referred to the old testimony from Gensler where Gensler argued that the U .S. is the largest, most sophisticated and innovative capital market in the world and that shouldn't have been taken for granted as even gold medalists must keep training. With all due respect, Mr. Chairman, if the U .S. capital markets are gold medalists, you are the Tonya Harding of securities regulations. Ouch. You are kneecapping the U .S. capital markets with an avalanche of red tape coming out of your commission. Preach. Barr is presumably referring to a scandal where U .S. ice skater Tonya Harding, I'm sure you all remember the story, I was a kid when this happened, and an assailant to attack her rival Nancy Kerrigan in the lead up to the 94 U .S. Figure Skating Championships and Winter Olympics. Kerrigan ended up not competing in the U .S. Championships and here is John Dickens who shared it here. Mr. Barr to Gensler, it's hilarious, you gotta watch these clips for yourself if you haven't seen them. So the next highlight, I wish the Biden administration would say, you are fired. That's right, shout out to Warren Davidson who also ripped into Gensler saying he hoped that the Biden administration would fire him. Powerful words. Davidson accused Gensler of pushing a woke political and social agenda and abusing his role as the SEC chairman. Preach. Massive shout out to the senators here doing their job. Damn good job. The U .S. Representative added that he hopes that the SEC Stabilization Act he introduced with fellow representative Tom Emmer could make it happen. Quoting him here, you're making the case for this bill, which is the SEC Stabilization Act. Every day you're acting as a chairman, he concluded, and Gensler wasn't even given a chance to respond. Now next highlight, Gensler reiterates Bitcoin isn't a security. That's right. When asked by U .S. House Committee Financial Services Chair Patrick McHenry whether Bitcoin is a security, Gensler eventually relented stating the Bitcoin didn't meet the Howie test. Quoting him here, it does not meet the Howie test, which is the law of the land. Then McHenry suggested Bitcoin must be a commodity, which Gensler avoided answering. Mr. No Clarity Gary, hence how he got the nickname, saying the test for that is outside the scope of U .S. security laws. Mr. Gensler, we're living in a clown world with this guy. Henry also suggested that Gensler try to choke off the digital asset ecosystem facts and refuse to be transparent with Congress about the SEC's connections with the FTX and former CEO SBF facts. Gensler also wasn't given the chance to respond to the claims made by McHenry. Next highlight, are Pokemon trading card securities? Gensler says it depends. Can't make this stuff up. Quoting Representative Richie Torres, I cross -examine SEC Chair Gensler about the term investment contract, which is key to determining his authority over crypto. Gensler struggled to answer basic questions like whether an investment contract requires a contract. His evasions are defeating and damning. Suppose I was to purchase Pokemon card. Would you constitute a security for this transaction? Gensler responded, well, I don't know the context before eventually concluding it isn't a security if you purchased it in a store. And then Torres asked if I were to purchase a tokenized Pokemon card on a digital exchange via the blockchain. Is that then a transaction? And then Mr. No Clarity Gary said, I'd have to know more because I don't know anything. Yeah, you can't make this stuff up. Gensler then explained to it when it's investing the public can anticipate profits based upon the efforts of others. Then the core of the Howie test, which it is, Torres called Gensler's evasions as damning to say the least. And the next highlight, a sign of defiance. Meanwhile, amongst the back and forth cross examinations between Gensler and representatives, the eagle eyed observers noticed a Coinbase stand with crypto logo behind the SEC chairman. Isn't that interesting? The Coinbase led initiative is a 14 month long campaign that launched back in August aiming to push crypto legislation in the United States. Coinbase also ran a stand with crypto day, which took place in Washington, D .C. September 27th to advocate for better cryptocurrency innovation and policy. So again, shout out to Warren Davidson, Tom Emmer, all the senators for holding Gary Gensler accountable. Hopefully they do something about it. What's your thoughts, fam? Do you think Gary is likely to listen to them and follow their instructions and approve a Bitcoin ETF immediately? Or do you think he'll continue kicking the can down the road as long as possible until he leaves his position as the chairman of the SEC? Let me know your honest thoughts in the comments right down below. Now let's break down the latest prediction coming from crypto analyst Michael Vanay Pop for some price actions for Bitcoin for the fourth quarter, which we are currently in for 2023. Then we'll break down the latest from the Winklevoss twins and their five hundred thousand dollar Bitcoin price action as the price action of Bitcoin continues to pump, baby. Let's go. Here we go. Let's break this baby down. Crypto trader Michael Vanay Pop is expressing bullish sentiment on Bitcoin in the coming months. Despite the recent struggles in a new video, he says that Bitcoin is on the cusp of reaching levels that offer accumulation opportunities per inch. According to the analyst, the trader Bitcoin could subsequently start an uptrend. Ultimately, Bitcoin is into an area of consolidation here, which makes it very likely we're going to have to retest here at twenty five, six and twenty five eight. If we are having a recess in that region, then there is this zone where I want to start buying my entries because of the recess, which is the ultimate recess. And if we're not going to get that, the flip to twenty six thousand five hundred, that is going to be the area where I think I want to activate my positions as well. And then we can start targeting twenty eight thousand. And then we can also start targeting the higher numbers, thirty thousand dollars plus or even more in the projection of quarter four. That is going to be very positive overall. Let me know if you agree that we'll have an overall positive quarter as we about to enter October. Let's go. Vanay Pop also says Bitcoin's current price action is similar to what was witnessed in the prior pre halving year, quitting him again. As long as we stay above the 200 week exponential moving average, we most likely are going to continue to the upside. And it starts to be very comparable to the period that we witnessed in 2015 and 2016. In this case, we needed it, but we started to consolidate and start to trend up afterwards. It is very likely to this period to slowly but surely the price starts to crawl up. And then we are going to have a case of the upside in the markets overall. And to watch this video analysis, the analyst did check the show notes below the video in the description. It's entitled Bitcoin price. I am looking to buy. So there you have it. And let me know if you agree or disagree with the analysts and are you currently bullish on the King crypto or do you think we're going to dip and test the lower levels? Let me know your honest thoughts, fam. And now let's break down our next story of the day. And the Winklevoss twins on the spot, Bitcoin ETF continuously being basically denied and kicked back and pushed back for the past decade. And then we're going to dive into their half a million dollar Bitcoin price prediction and why they're so confident that the Bitcoin price is going to hit their big target. So here we go. Let's discuss them with the SEC first. This was a story which was, let's see when their tweet was actually, let's scroll down. This is Cameron Winklevoss. This was actually on July 1st, it got 1 .1 million views. Now let me read the tweet. Today marks 10 years since Tyler and I filed for the first spot Bitcoin ETF. That's right. Over a decade ago, the SEC governor's refusal to approve these products for a decade has been a complete and utter disaster for US investors and demonstrates how the SEC is a failed regulator. Here's why. They protected investors from the best performing asset of the last decade. They pushed investors into toxic products like the Grayscale Bitcoin Trust, GBTC, which trades at a massive discount to NAV and charges astronomical fees. They pushed spot Bitcoin activity offshore to unlicensed and unregulated venues. They pushed investors into the arms of FTX, subjecting them to one of the largest financial frauds in modern history. Preach. Maybe the SEC will reflect on its dismal record and instead of overstepping a statutory power and trying to act like a gatekeeper of economic life, it'll focus on fulfilling its mandate of investor protection, fostering fair and orderly markets and facilitating capital formation. This would have led to much better outcomes for US investors. Preach. In the meantime, best of luck to all those fighting the good fight to bring the US spot Bitcoin ETFs to life onwards. So much respect. I mean, 10 years of denying this ETF. I mean, you can't make this stuff up. I think they shared perfectly some of the reasoning. It's to hurt the investors and keep you poor and keep you wrecked and keep you desolate and dependent upon a broken government that threw us overboard so frickin long ago. So much respect to the Winklevoss twins. If you didn't know, they're the owners of the Gemini exchange and they were the very first ever to submit the spot Bitcoin ETF app to the SEC over a decade ago. And obviously they're sick and tired of Gary Gensler, his no clarity and his shenanigans. Just like the rest of us, it's time to fire Gensler. If you think Gensler should be investigated and potentially fired, let me know in the comments right down below and I'll be reading your comments out loud here in a little bit. Now for our breaking story of the day, let's discuss the Winklevoss twins and their case for a $500 ,000 Bitcoin price, which they believe is coming soon. So let's break this down, shall we? And welcome to y 'all just joining us in the live chat. Much love and much respect. So here we go. Winklevoss twins' prediction, Bitcoin will soon hit $500 ,000 per coin. And why? And again, shout out to Tyler and Cameron. Let's get, we already know their background, early Bitcoin investors, OGs, early investors as well with Facebook. Some claim that they're the real creators of Facebook and Zuckerberg stole it. But nonetheless, in a recent interview with the National News, the twins explained they remain convinced of the future of crypto. The main reason is the revolutionary and technical properties as well as the potential of Bitcoin to act as a store of value similar to gold. And in addition, crypto has many other advantages, mainly through programmability. Hence, the Winklevoss brothers believe that Bitcoin could even replace the precious metal. In the long term, Tyler Winklevoss shared the following. If you look at the properties that make gold valuable, Bitcoin matches each attribute or does better. The gold disruption story of Bitcoin is super powerful. We believe in it. Tyler Winklevoss explained his reasoning for the $500 ,000 Bitcoin price action, quitting him here. If you do the math, 21 million in the supply of Bitcoin, the market cap of gold, let's say it's 10 trillion, maybe it's 11 trillion, somewhere in that ballpark, that puts one Bitcoin if it disrupts gold and gets that market cap at $500 ,000 per coin. The two brothers did not want to give specific investment tips. However, Cameron reveals the strategy that they use, which is generally the simplest, which is simply HODL. Hold on for dear life, quitting him here. Generally speaking, if you subscribe to Bitcoin being a store of value type investment, then that strategy is HODL. The same way you would HODL gold is you buy and HODL long term investments. So according to the Winklevoss twins predicting the Bitcoin price will hit $500 ,000, they say predictions are difficult, but they believe that Bitcoin will hit the milestone within a decade. And when they were more recently interviewed and asked, where do you see Bitcoin in five years time? Here's what Cameron Winklevoss responded. We usually take a decade view on it. When we wrote a piece on the value that predicted it being $500 ,000 Bitcoin, we said within the decade. And I believe they wrote that in 2020. So they're basically saying by the year 2030, they're anticipating a $500 ,000 plus Bitcoin price with Bitcoin overtaking that of gold as far as the market cap. Now is that in three years from now or nine years? The timing part is hard, but I think the Bitcoin created $1 trillion worth of value in under a decade. That is fact. I believe back in November of 2021, Bitcoin's market cap surpassed a trillion dollar milestone and the total crypto market cap surpassed $3 trillion. But as of today, we're closer to a $500 billion Bitcoin market cap with the entire crypto market cap down to a trillion. Now, it also spawned many huge productions such as Ethereum and the entire asset class. He continues. If you look at the value increases in Bitcoin, it is this punctuated equilibrium where it is steady, steady, steady, and then boom, it reaches a new price level. This is the new normal. So it can happen very quickly. So there you have it, fam. Ultimately saying when Bitcoin takes off, it explodes quick and vast. And especially considering that two of the most bullish catalysts in Bitcoin history were on the cusp of. Six months away from a Bitcoin halving, we all know the Bitcoin cycles every four years, it drives the Bitcoin price up as it increases the scarcity as well as increase demand, basic stock to flow, numbers must go up. And we also have the approval of a Bitcoin ETF likely to take place in 2024, especially with Congress on Gensler's. But we also have the ETF experts such as Eric Balchunes given a 95 % chance probability that a spot Bitcoin ETF likely get approved in 2024. Those two catalysts will absolutely make Bitcoin rip to new all time highs entering price discovery mode like we have never seen before. So how high do you think the Bitcoin price will likely climb by the time of this next halving? Roughly six months out, scheduled to take place sometime in April of next year. Let me know your thoughts in the comments right down below. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Mike Gallagher Podcast
A highlight from The Mike and Mark Davis Daily Chat - 09/28/23
"Stay tuned for a free health tip brought to you by Peloton. Whether you're doing a dance to your favorite artist in the office parking lot or being guided into warrior one in the break room before your shift. Whether you're running on your Peloton tread at your mom's house while she watches the baby or counting your breaths on the subway. Peloton is for all of us wherever we are whenever we need it. Download the free Peloton app today. Peloton app available through free tier or paid subscription starting at $12 .99 per month. Embrace the power of daily walks for improved health and well -being. Walking is a simple yet effective form of exercise that offers a wide range of health benefits. Whether you stroll through the park, walk around your neighborhood or take a brisk walk during your lunch break. There are a lot of health benefits to getting in your daily walks. Next time you may be craving that afternoon cup of coffee, try a Peloton walk outside to go grab your coffee. The Peloton app offers structured walking experiences regardless of your environment. So get out and enjoy that fresh air with the help of Peloton. Birthday 85 years old today. So a little stand by me. It was a joy. First of all, you did great. I was just saying the news channel product last night was fun and it was great to hook up from the house and just join you in the immediate aftermath. We've slept on it now. Do you feel any differently? I may resent it even more now than I did last night. What a colossal waste of time. Not for Donald Trump. The winner was Donald Trump. That's just it. I mean, and you said it earlier. He's he's a genius once again in his decision to stay away. And I've been thinking a lot about DeSantis's decision to go after Trump on this issue. I would think, you know, Governor DeSantis, if he has any chance at all, has to win over Trump supporters. Correct. How do you win over Trump supporters by trashing the guy who made the brilliant decision to stay away from that train wreck last night? And it was a train wreck. How many times in your career, Mark, have you decided to do something that you just wish like heck you could take back? I mean, I don't know. Maybe. Oh, I could. I could just start with Monday. You know, I mean, if you're Dana Perino, you're going to spend the rest of your career asking yourself, why did I think the survivor question was going to go over? Well, so stupid. So stupid. And that couldn't have been couldn't have been her. That's got to be some staffer, even some executive or some consultant who said, hey, let's lighten the mood or do something kind of fun. And sometimes I'm actually OK with the moment that sort of humanizes them. I mean, like in a one on one debate or maybe when there's just two or three people left or to say, look, you guys are up there to sort of knock each other around. Tell me one really good, praiseworthy thing about each other, you know, about you, about your opponent. And that's kind of neat. And it sort of cuts. But this was so unbelievably stupid. And and there were a lot of cringe moments. I mean, poor Mike Pence. I've slept with the school teacher for 38 years. And everybody kind of groaned. And Chris Christie, oh, you're not Donald Trump. You're Donald Duck. Somebody wrote that for him and he thought it would go well. Or maybe it was his. Once again, I don't know whose idea it was, but it was terrible. And let's go back to programing decisions. The Univision lady, are you serious? I want to be as careful as I've ever been for anything. Univision, God bless them. Great. Univision, whatever Hispanic news media. Great. And I bet she's great on it. I bet she's wonderful.
Real Estate Coaching Radio
A highlight from How To Turn Your STRESS Into SUCCESS! (Part 2)
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Welcome back. This is day two. We're talking about how to turn your stress into success. And as you've learned, hopefully from yesterday, a lot of this has to do with your making the decision to actually get in control of all the head junk that's floating around in your head. If you didn't listen to yesterday's podcast, please do go back and listen to the podcast again, especially with regards to the brain dump. Indeed. That's such a great technique. You guys should all do it virtually every day. You're going to feel a lot better. So we're going to start with point number five because we did one through four yesterday. What to keep and what to let go of when you're getting back into control, how to turn your stress into success. Let me relabel this one and then we can read specifics. So one of the things again that we've been advocates of for decades are, it's called basically having media free life. And you can start out by having a media free morning, but really at the end of the day, you should do everything in your power to purge from your mind anything that's going to have an adversarial influence on your mindset. And a lot of that's going to come from the things that you choose to passively allow into your head. Now, it's interesting. When Julie and I originally started talking about having a media free life, let alone media free morning, people would take offense to it because they thought it was almost like their, I don't even know what their obligation to watch the news kind of like they had to watch it every day. It was almost like brushing their teeth. And people really would struggle with the idea of not ever consuming any media. But now I don't think people feel like that because I think what's happened over the last really maybe 36 to 48 months is people have realized almost all of the media is designed to essentially cause a reaction within your lizard brain that is going to not necessarily be putting you in a mental emotional state that you want to be in. And really it's I think at this point proven that a lot of them, especially mainstream media, it doesn't matter if you're blue or if you're red, it does not matter. A lot of it really is just propagandized garbage. So talking people into being media free now is a lot easier than it used to be. Now what's replaced it though is a lot of you guys are spending way too much time on social. So being media free, if you're just taking what you're picking up from cable news before and now you're filling your mind with all these really off the hinge websites and things like that, you've actually put yourself in a worse position. So one of the, again, things that you all should be considering doing is having completely media free lives. Literally purge all forms of media except for this podcast from your life. Well podcasts actually are I think very good because you can prune the content and of course obviously you can slide off one side or the other and you know, but you can curate what you're putting into your brain far easier than just turning the TV on and just, you know, being passive and you know, zoning out for whatever it's going to feed to you. And I think that it's, you know, I am with you on the media free a hundred percent, but knowing that they're going to naturally be on it now and then, you know, that brings us to this point of what should you, you know, to, to a large extent, take a break, go media free. You're going to feel a lot more peaceful because it has gotten to be very aggressive and contentious. Well, what a lot of people will realize is when you do go media free and you should just test this just for the sake of your own, I think, you know, intellect, go media free just in the morning or just in the afternoon, like afternoon today. Don't listen to any, you know, don't input anything that's going to cause you to feel a certain way that you're not in control of. And by the way, that is a really good, I think, introspective technique you can all use as whether or not something's good for you or bad for you, frankly, after you've listened to something or you've read something or just even talked to somebody, monitor how you feel. How do you feel inside? Do you feel happy, jubilant? Do you feel optimistic, excited? Do you feel, you know, love? Do you feel friendship or do you feel fear? Do you feel loathing? Do you feel defeat? Do you feel like monitor how you're feeling? What is the dominant emotions that you have after listening to today's podcast? What are the dominant emotions you have after listening to CNN or Fox News or whatever it is, right? And notice that what, for the most part, you feel when you're consuming media, especially if stuff's not good for you, you feel like the world is against you. You feel like there's a, you know, there's us and then there's them. You feel tribal. You feel maybe even superior, oh, you know, I listen to CNN so we think this way versus all those other people think that way and of course it's true on the other side as well. So just monitor how those things have psychologically evolved to manipulate you and the result of the manipulation is you frankly lose control of your mindset but your world gets smaller and smaller and smaller because eventually what's going to happen is you're only going to feel comfortable around other people that think and feel exactly like you do and at that point you're just living under a bridge. Well, you've got to make room in your brain for the good stuff, right? And so when you go, you know, you've listened to, you've watched whatever, something and it does make you feel yucky, guess what? You have control. Delete that app. Don't go back to it. If you, if you're watching like your news apps or whatever and you feel really horrible after reading something, sometimes it's not even that it was bad, it was just wasting your time. It was about nothing. I know. Right. So, so that's ultimately just monitor how you feel and then notice that when you go media free in the morning, for example, you know, I would like you guys to completely jump off the deep end and go media free period, but you will notice that you will go through forms withdrawal. of And I mean that in the literal sense. Now fortunately it's easy to get easier to get off media than it is, you know, getting off caffeine or something, you know, especially for somebody like me, not that we'd know because we're never going to try. I mean, why would someone get off caffeine? That makes no sense. That's like getting off oxygen. I know. Anyway, so wrong. Yeah. So anyway, when you go media free, what you're going to feel is you'll actually feel honest to God feelings of withdrawal and it manifests as a sense of lack of control. Oh my gosh, what is something going to happen? I'm going to miss out on the news. I'm not going to know what's going on. You actually start to feel this sort of literal feelings of withdrawal that comes from you're not getting that constant dopamine hit from really knowing the latest, greatest of everything is going on. All the news crawls and all the, you know, breaking news and all that stuff, it's all designed to trigger a little emotional response in your head. Somewhat like frankly, a lot of other things that people consume online, porn has that same effect. It releases a tiny little hit of dopamine and it causes you to feel a certain way for it. You get a little bit of a high from it. That's all that crap is. It's all designed to essentially start. Now you get, Oh, I want more of that feeling. So now I'm going to go and watch Fox news. I'm going to go to this website that's going to tell me that, you know, the human eating aliens are about to land, whatever it is, doom scrolling, doom scrolling, right? That is what people do. And you got to break free of that because you can't break free of that, or you can't be free of that until you break free of that. And when you do nature, it hoards a vacuum. In other words, once you are purging that stuff from your life, you will all of a sudden after you go through the withdrawal, it is real. I promise you after you go through the withdrawal, then all of a sudden you're going to start to feel lighthearted. You're going to, you're going to stop feeling divisive towards other people. You're not going to start seeing us in them. You're not going to, you're going to start feeling completely different. You're going to go back to your baseline, which for most of you are really good, nice, honest, loving, you know, people, not what the media wants us to all feel like. And look, look at the constant battle that seems to be happening socially right now in the United States and other places in the world as well. Don't you think the media, I don't think they created it. I don't. I think what they're doing is just parroting back to people what they're clicking on. Oh, they clicked on the fact that there's this, you know, horrible locust invasion that's happening in the Midwest or whatever. Well, people must want to read about horrible locusts with their big, you know, beady red eyes. Boom. You're seeing nothing. Let's give them more of that. Exactly. So the media is not, you know, creating the horrible red locusts. The locusts are there, but they're seeing that people want to read or see more information on that. Thus, that's what they're feeding you more of. People don't click on or read positive news. That's the reason. You try to find, try to find a story today anywhere that's going to be positive. And the reason that the media doesn't produce, and even, you know, amateur media people, they don't do positive because people don't click on it, because people don't view it, because people don't consume it. Why? Because you don't get that little dopamine hit. You only get it when you get the fear -based thing gets triggered in your head that comes from the bad news. So don't be surprised when you choose to go media -free, that you go through withdrawal. Don't be surprised after you've gone through that, maybe a week, maybe two weeks, that you're feeling this incredible feeling of relief, because that is how you'll feel if you give yourself the opportunity to get there. And then, what do you fill that? You fill that with the proactive lead generation and the other things that you should be doing to make yourself better, to improve the lives of your family and your loved ones, and obviously, to make a contribution to the people who choose to use you as a real estate professional. So that brings us to point number six, lead with proactive lead generation. You might be wondering, now that you've broken up with the media, what are you going to do with all of your time, right? So lead with proactive lead generation every day. You are either self -employed or self -unemployed based on the actions that you take. The things that agents avoid the most are the same things that are the most efficient and the most profitable. Proactive lead generation is your number one job, because without it, nothing else happens. You'll have leads to follow up on, no presentations, no deals to negotiate, and no closings. So remember that the answer to all stress in real estate is, take a new listing. Do it immediately. Your financial, emotional, and spiritual well -being all depend on this when you are earning your living in this business. All good things come from listings. And I can tell you, coaching call after coaching call, where today's call, the agent was kind of in this zone, stressed and maybe a little disorganized, feeling out of control. And guess what happens? In the next couple of days, they take a new listing. Next coaching call, it's like you're talking to a different human. Well, people need three things, right? People need someone to love, something to look forward to, and something to do that gives your life a sense of purpose. Those are the three fundamental things that it takes to have a happy, balanced life. I'll be even using the word balanced with air quotes. Someone to love, ideally they love you as well, right? Something to do that gives your life a sense of purpose, and something to look forward to. If you have those three things going on, and you can manifest all those things, it's not difficult. Discovering a sense of purpose, your sense of purpose is obviously your family and learning to be an amazing real estate practitioner. Something to look forward to, something to look forward to as a result of you helping other people through your real estate services and the money that you have as a result. And obviously your family is going to benefit from that as well, or maybe it's your dog that's someone you love. Dogs are great too. You guys get it? Stop making it so complicated. Go back to the essentially core principles of really what real estate is all about. It's not complicated to be very successful in real estate. Doesn't require all these multi -level, billions -level step systems and all the rest of it. It just comes down to five core activities. Proactive lead generation, pre -qualifying, presenting, negotiating, and then obviously closing, and then lead follow -up, right? That's six, but you do those things at a high level, you will have unlimited, unending levels of success, not just in your business, but in your personal life. If you believe that becoming more successful in your business won't make other aspects of your life more successful as well, I need you to shed those thoughts, because here's an interesting little challenge that some of you might have. If you have got caught into the, and again, this is going back to the point number six with regards to the media, but if you've got caught into this sort of never -ending loop of negativity, and you have actually convinced yourself that tomorrow is not going to be better than today, you're actually going to lock in and ensure that tomorrow is not going to be better than today, because you're not going to do the things today that would actually make tomorrow better. What do I mean? Julie's last point. Proactive lead generation. Julie, why would I go and proactively lead generate? Why would I go and do this? Why would I go and do that if tomorrow is going to be the alien invasion? I'm trying to make you guys laugh, but I want you to realize the fragility of all of our mindsets, especially if we're allowing ourselves to be overwhelmed with negativity. When you purge the negativity, and all of a sudden you start replacing that time, energy, and sort of the mindset that's been wasted on the negativity, and you start doing the things that are actually going to ensure or lock in that tomorrow is going to be better than today, there's a compounding effect to it that is, I think it's a law of nature, basically. Probably. But it is all within your control. I think that's what it gets down to. So we're talking about the next point. This is a big black hole right now. Stop pursuing less than motivated or nonresponsive, with air quotes, leads. Let them go. If you've been doing a good job with your lead follow -up before you lost control of your schedule, remember we're talking about turning your stress into success here, and those leads just aren't responding, chances are they are not real leads anyway. Now let's demonstrate that. Real buyers are responsive. They call you as soon as they see the right house, or when you sent them the right house. They update you about their financing. They send you listings they've seen. Well we have a list of things that you guys should be using before you actually consider working with a buyer. It's all part of the buyer prequalification script. It's all part of the process. A buyer isn't just somebody that says, I want to buy a house. They actually have, before you give any of your life energy, which you do not get back, your time, which you do not get back, you have to make sure that they are prequalified. Julie gave you an overview. All of the scripts are going to give you answers to all the questions, and once all the questions are answered, then you'll know whether you have a buyer. Because the real challenge with buyers, guys, is they never actually have to buy. And if you're spending all of your time, to Julie's point, working with buyers, even buyers that are really motivated, oftentimes what will happen is they'll demotivate themselves because guess what? They just read something on the news that scares the crap out of them, and now they're deciding to take some time off from buying a house. Are they just ghosts, Jill? Or are they something, something, something? So there's no such thing as a buyer that has to transact. So when Julie and I lean into hoping you guys are going to learn to be listing agents, it's because there are lots of examples of sellers that absolutely positively have to sell. Now that said, real sellers are also responsive. How do you know? They're following, they're answering your questions from your prequalification script. They're responsive. They're easy to schedule a listing appointment with. They're cleaning. They're packing. They're staging their home. They're doing the things that sellers do. If your leads are not acting like real sellers, they're probably not ready to transact. Just say next. But not until you've actually used the seller prequalification script. Now here's the thing. This is an especially hard lesson for new or newer agents who haven't had the experience to know the difference between real buyers, real sellers. Whether you're new, newer, or experienced, using the buyer and seller prequal scripts will cure that issue. Brian Tracy said, your greatest asset is your earning ability, and your greatest resource is your time. So in order to know who you should be spending your time with, you have to ask those questions and actually get the answers. If they're not answering you, they're not calling you back. They're not acting like real buyers and real sellers do. But sellers are very easy. Sellers are way easier to know. Right, because a buyer's motivation to buy, a buyer can always stay put. They can always stay renting. They can always extend their lease. They can always do a room addition, all those types of things. But when a seller, when you're using a prequalification script, you'll know their time frame, you'll know their motivation, and so sellers have to sell. They have to sell because they are closing on another house and they need the equity out of their current one. They are getting relocated to another part of the country and they need to sell their existing house. They bought the house as a VRBO and now it's not cash flowing, they need to get rid of it for whatever reason, right? All these types of things. So they maybe have to sell the house because it's a probate listing or maybe it's a financial reason. Much more specific. And there are examples. So when does this house have to be sold by? With sellers, there's going to be a date if they're a truly motivated seller. The ones that, well, if pigs fly, you know, when pigs fly, then if I can get my price, okay, Mr. Seller, so if the home doesn't sell for the price that you're thinking about, what is your plan B? Well, we'll just take it off the market and we'll try again next year. Not motivated seller. Now you can still dig down and ask more questions and find out, well, so just so that I'm clear when this home sells, Mr. Seller, where are you going next? Oh, well, we already closed on the house in Florida and we're planning on moving there in 60 days. Okay, hold on. So you just gave me a bunch of wishy -washy motivation and now you're telling me you actually have a house you want to move to? And I mean, that's why you have the script though, because most agents, if they ask the first question, that's the only thing they ask, then they declare that that person is not that motivated. They haven't drilled down to the point to find out what's really going on with them. Same thing with price. You know, a lot of times sellers will say, well, if I don't get my price, what if their price is realistic? What if that's completely fine? You drill down more. And yes, they do have actual motivation. And don't find out the seller's motivation over time. I'll find out what the real motivation, some questions after I waste months with them. No, find out on the first contact or maybe the second contact, ask the prequalification prequalifying questions, and then find out what the heck is going on in their lives. Because here, I'll tell you guys a little secret, which anyone who's listed real estate before knows this. When you know the seller's timeframe, when you know what their actual motivation is, at that point, you basically have the answers to all the questions, right? If you know that they have to sell within the next 90 days, that's the only thing that truly matters, because they have to sell the house. You guys get it? Which means you have to take the listing. Which you have to take the listing, which is what we teach you how to do. So keep these things in mind. It does come down to that. Isn't that funny? But here, I'm going to do a little mindset check. See, I'm tricking you guys back into thinking about that. How do you feel right now? You probably feel excited because you're realizing, Julie and I are not asking you to do things that are very complicated. You're realizing that, hey, I can read a script. I can ask questions. Yes, it would actually greatly benefit you to do so. Yes, and you're now feeling optimistic, and you're feeling excited, and you're thinking you're going to go do these things. Yes, you are. You see, the form of media, the things that you allow in your mind and your heart and your soul really, truly do matter. Next point, Julie. Okay, our last point for today, we're talking about how to turn stress into success. What should you keep? What should you dump? Well, guess what? Number eight, your fitness and nutrition routine cannot suffer when you're busy. Change it instead of skipping it. If you can't find time in your normal work to do your normal workout at the gym, replace it with a Saturday morning workout or a nighttime yoga class or something where you're not just deleting. Don't delete. Just modify. You need your energy, and it's a great place to find new leads. It's also a great way to work off that stress. So bonus point. What are you going to do about this? We've talked about scripts. We've talked about schedule. We've talked about being supported by people who believe in you. That would be our Harris certified coaches. So go ahead. You know you want to. Join Premier Coaching today. You can go to premiercoaching .com, and we will help you every day to achieve your goals with less stress, more focus, and give you the support you deserve. If you guys are looking for a tribe to associate with, associate with a tribe that's going to be all focused on the betterment of themselves and also the people in which they choose to do business with and those who choose to do business with them. In other words, be part of the movement that is Premier Coaching, because Premier Coaching is going to be the thing that's going to give you. It's a tug of war at the end of the day, right? If you think about this, it really is a tug of war. It's the old you versus the new you. If a lot of things are pulling on the side of the rope to keep you the same or to even make it so that your life tomorrow will be worse than your life today, admit it. It's true. You're constantly surrounded by negativity. You need a lot of people on the other side of that rope pulling. That's what Premier Coaching is going to be. It's not just Julie and I. It's all of our grey hair certified coaches. It's all the people that you're going to discover when you join Premier Coaching. Those people are pulling on the other side of the rope and oftentimes pulling you harder than you're able to pull yourself towards the negative side. We're going to pull you and provided that you eventually get to the right side of the rope and start pulling in the direction that you claim you want to go, provided you get there eventually, you're going to do fantastic and your tomorrow will be better than today and your next year will be better than any of your previous years. And guess what? Here's the, I think what a lot of you need to wrap your minds around. You will realize that you are in the right place at the right time. By the way, you always have been in the right place at the right time, but now it's just time for you to realize yourself as the best version of yourself as a real estate professional. That's what we're all about. That's what we're here to do. So guys, scroll down the notes from today's show. We actually talked about a thousand times more stuff than were in Julie's notes, but scroll down and then you guys will see the notes and also you can click the link to join premier coaching. In the meantime, thank you for keeping this number one, listen to daily podcasts for real estate professionals, at least the United States. This podcast is downloaded and listened to every month between YouTube and between iTunes and all the other things. It's like, I don't even, I'm, I'd have to account, but it's probably, I know we have downloads alone around 300 ,000 downloads per month. We have another, say 40 to 50, just straight up listens or streams. And then on YouTube, I have to go look, but our typical YouTube is getting listened or rather watched and listened to, I'd say seven to 17 ,000 times. So add all that up. So the podcast is probably getting consumed every month by a million different times, you know, and how many of you are doing something with all this information? It would be the fulfillment of Julian's mission on this planet if all of you were. So please do something with this. In the meantime, you guys have a fantastic day. We'll talk with you on the show tomorrow. This podcast is a part of the C -suite radio network. For more top business podcasts, visit c -suiteradio .com.
ACG - The Best Gaming Podcast
A highlight from TBGP #412 Alan Wake 2 Previews, Cyberpunk Phantom Liberty Wrap-up, Starfield Review Bombing Far Cry 7
"Yeah, game of thrones is like to me that first season is like super dark uber grim, no, no magic, no nothing. And then suddenly it sort of gets into itself. Sup everybody. This is carrick with ACG and I'm here with abzi doing the, uh, yeah, oh shit, yeah. Doing the, uh, the best gaming podcast number. I gotta look. Where are we at? What are we at? 412. 412. Yeah. Thanks to abzi for joining me. We've decided to do these occasionally. Well first we're going to start doing them biweekly to see how that goes and then we're going to sort of see how it works for the long term. We just really haven't decided. It's something that I've wanted to do for a while, especially because we miss a lot of the news in the starting week. We do skip a lot because yeah, we go on tangents and shit. Well it's all my fault. We talked about dreams for an hour and it was good, it was good, but we talked about dreams for an hour. So yeah, something's getting skipped. So thanks for everybody showing up. I absolutely appreciate it. Thanks for spreading the word around that we're doing this. If you can tweet it, super chats, all that kind of stuff. We're just going to actually jump in, discuss what we've been playing for a bit. Talk about early week news and we got a couple couple interesting bits here as well that I think will be fun. But what have you been playing? Um, I just recently started Phantom Liberty, like the cyberpunk expansion. Dude. Okay. I played it for about maybe five, six hours, four or five hours. Okay. Honestly, dude, it's fucking cool. That's all I'm going to say. It's just fucking cool. I enjoyed the first four hours. I think the new characters I got introduced to are pretty cool. I'm liking the dialogue. It has a lot of edge to it, which I like, you know, we talked about edge and lack of edge before and, um, and, uh, the VA is pretty good. And the, I'm liking the writing a lot, a lot more than the, than the original game. And it seems to be having like, it seems to have actual choice and consequence in this one versus like the original game. So yeah, I'm enjoying it a lot. And some of the stuff kind of layered into the main game, like there's like these new things, activities that kind of got pushed into the main game as for a 2 .0, like the main game, it's the combat's fun and stuff, and they fixed a lot of issues for sure. The new system is amazing and the skill tree and everything, but it still has that like kinda, um, there's a lot of, the map is just a lot of shit. You know what I mean? You just go, it's kind of like far cry. You just go and kill and go and kill and like 90 % of the stuff is, is just, is just combat minus like the few really good side quests. But um, with this, I think it's because it's like a smaller setting and Phantom Liberty, it's very packed and tight. I feel like there's more, um, motivation for exploration and stuff and talking to different npc's listening and into stuff and reading lore and the main story and the characters. Yeah, they're just, uh, I've been enjoying it a lot, you know, goul $2 super chatter. We still get a friday podcast. Of course. I'm not stopping friday podcasts. I said it starting. I'll say it again. I've talked about it on twitter. No way. Are we stopping that? This is simply just to do some extra stuff, especially because reviews don't hit this embargo time. Uh, very often, Wednesday, two or three hours in the early morning, Wednesday, I can work around that. And if I can't, that's on me. But I would agree with everything you said. I also think there's a lot, not a lot. There is some far cry stuff in cyberpunk that they hide by not putting icons down. For example, the consistent fucking fighting between gangs in that game. And I had forgotten something has to happen every 20 seconds. It's all the time. You come around a corner and it's like, and I was so confused because I had forgotten. So I thought it was a big deal. And I got into like 40 fights. I was like, fuck man, things are going, this is all because of, and then it dawned on me a little later on. I'm like, oh no, none of this is because I have like, you know, had something cool happen. It was the way the game was set up. They were smart to hide it because I think Ubisoft gets dinged a lot of times because it's there too. They present checklist. Yeah. Yeah. Yeah. So have you done any of the driving stuff? People were just talking on our discord about leaping off the cars and katana. Yeah, that's pretty cool, man. That shit's pretty cool. I, I, I'm, there's still some bugs just reminded me, um, like I had a bug where I, if I pull out a certain weapon in a car, I just couldn't move my mouse to aim or do anything. And it wouldn't auto lock like it's supposed to, um, also for everyone playing. So I I've isolated an issue where causes game crashes and I've seen multiple Reddit posts about this and comments. If you use a mod called, I think it's the airstrike mod on a melee weapon, which gives you, I think higher crit chance. If you strike from, uh, uh, in the air or something like that, it crashes your game straight up, uh, like 90 % of the time. So just don't use that mod. Now I've isolated that issue to that. It might be even deeper than that. So it might be like my combination of perks or something interacting with that mod, but you should just like stay away from that mod for the time being.
The Business of Fashion Podcast
"second chance" Discussed on The Business of Fashion Podcast
"And <Speech_Male> <SpeakerChange> <Speech_Music_Male> I've come <Speech_Male> to the realization <Speech_Male> that <SpeakerChange> a <Speech_Male> lot of times we are <Speech_Male> afraid <Speech_Male> to <Speech_Male> talk about the obstacles <Speech_Male> that we overcome. <Speech_Male> But in reality, <Speech_Male> there's <Speech_Male> no shame in <Speech_Male> overcoming obstacles. <Speech_Male> The shame is in <Speech_Male> not overcoming the <Speech_Male> obstacles, but <Speech_Male> if you have <Speech_Male> overcome some <Speech_Male> terrible things or <Speech_Male> bad things in your <Speech_Male> life, but you've gotten <Speech_Male> to a point where you've overcome <Speech_Male> them, there's <Speech_Male> really no shame in that. <Speech_Male> And my <Speech_Male> daughter kind of convinced <Speech_Male> me that I should share this <Speech_Male> story. And <Speech_Male> then I said, okay, well, <Speech_Male> if I'm going to do this, <Speech_Male> then we're going to do it together. <Speech_Male> So her and I actually <Speech_Male> wrote the book <SpeakerChange> together. <Speech_Male> So the book, <Speech_Male> which is called jump my <Speech_Male> secret journey from <Speech_Male> the streets to the boardroom. <Speech_Male> Before <Speech_Male> you wrote the book, <Speech_Male> there's <Speech_Male> I'm sure a series of <Speech_Male> conversations that you <Speech_Male> need to have with <Speech_Male> people going <Speech_Male> back to that partnership, <Speech_Male> Phil knight, <Speech_Male> Michael Jordan. <Speech_Male> Michael Jordan's <Speech_Male> father was murdered. <Speech_Male> So <Speech_Male> one of <Speech_Male> your most important business <Speech_Male> partners could potentially <Speech_Male> be triggered by this <Speech_Male> information. And <Speech_Male> so what was it <Speech_Male> like? First of all, leading <Speech_Male> up to that conversation. <Speech_Male> I'm sure there was a lot of nerves <Speech_Male> that were involved. <Speech_Male> But what was the <Speech_Male> conversation like <Speech_Male> with Michael? So <Speech_Male> I knew <Speech_Male> there were a number of people <Speech_Male> that I wanted to <Speech_Male> share the <Speech_Male> story with before they <Speech_Male> heard it another way <Speech_Male> before they heard it through <Speech_Male> the media or heard it <Speech_Male> through the book. <Speech_Male> And at the top <Speech_Male> of that list was Michael <Speech_Male> Jordan and Phil knight. <Speech_Male> Because again, <Speech_Male> working with those guys <Speech_Male> for years, they had no <Speech_Male> clue about my <Speech_Male> background. And <Speech_Male> so it was during COVID, <Speech_Male> so I set up calls with both of <Speech_Male> them and <Speech_Male> talked to Phil <Speech_Male> first <Speech_Male> somehow he responded <Speech_Male> to me quicker than <Speech_Male> MJ did. <Speech_Male> I talked to Phil knight <Speech_Male> first and <Speech_Male> kind of shared my <Speech_Male> story with him and <Speech_Male> when I was done, <Speech_Male> he said, wow, <Speech_Male> he said, I didn't know <Speech_Male> what you wanted to talk <Speech_Male> to me about, but I <Speech_Male> definitely didn't expect <Speech_Music_Male> it to be this. <Speech_Music_Male> He said, <Speech_Male> but I want you to <Speech_Male> know, I think your <Speech_Male> story is <Speech_Male> inspiring <Speech_Male> and <Speech_Male> it's motivational <Speech_Male> and that you have to <Speech_Male> tell this story. <Speech_Male> And I <Speech_Male> will help you however I <Speech_Male> can. A couple of <Speech_Male> days later, I finally <Speech_Male> MJ and I connected <Speech_Male> and <Speech_Male> went through the <Speech_Male> same thing kind of <Speech_Male> shared the story with him. <Speech_Male> And when I was done, there <Speech_Male> was a little silence on <Speech_Male> the other end of the phone. I'm <Speech_Male> like, oh, man. <Speech_Male> What's going on? And <Speech_Male> then finally, he said, <Speech_Male> I agree with <Speech_Male> your daughter. You need to <Speech_Male> tell this story, <Speech_Male> and I'll help you out <Speech_Male> any way I can. <Speech_Male> And Nike <Speech_Male> has been <Speech_Male> incredible <Speech_Male> in terms of the <Speech_Male> support <Speech_Male> and the encouragement that <Speech_Male> I've gotten from Nike <Speech_Male> and the Jordan brand <Speech_Male> without question <Speech_Male> has been <Speech_Male> supportive and <Speech_Male> been right there to help <Speech_Male> me out and <Speech_Male> it's been amazing to me <Speech_Male> the response that I've <Speech_Male> gotten from people <Speech_Male> who I've <Speech_Male> known and worked with <Speech_Male> and who <Speech_Male> have just encouraged <Speech_Male> me and embraced <Speech_Male> the fact that <Speech_Male> I've got this pass, <Speech_Male> but they're looking at <Speech_Male> who I am today <Speech_Male> and <Speech_Male> what I've done <Speech_Male> since that <Speech_Male> time period and they're <Speech_Male> really accepting <Speech_Male> me for who I <Speech_Male> am today and it's been amazing. <Speech_Male> I'm going to talk <Speech_Male> about probably <Speech_Male> the most important <Speech_Male> conversation <Speech_Male> you had because you <Speech_Male> went and spent <Speech_Male> time with <Speech_Male> the sister of the <Speech_Male> man and <Speech_Male> his two children <Speech_Male> who had <Speech_Male> been obviously <Speech_Male> living with that trauma <Speech_Male> and pain of the incident. <Speech_Male> What was that <Speech_Male> conversation <SpeakerChange> like? <Speech_Male> So to
The Business of Fashion Podcast
"second chance" Discussed on The Business of Fashion Podcast
"But Larry's journey to the C suite was a unique one, throwing up in west Philadelphia, he joined a gang. This led him to serve multiple prison sentences for a series of crimes, including second degree murder. Through a rehabilitation program, Larry was able to begin his college education while still in prison, and upon his release, he started his career and eventually found himself working for Nike under founder Phil knight. He became the first black vice president in apparel at the company before going on to become president of Jordan brand in 1999. During BOF voices 2022, Larry Miller sat down with UTA executive Darnell strum to share his powerful personal
Greg Laurie Podcast
"second chance" Discussed on Greg Laurie Podcast
"Such an important prayer. Today on a new beginning, pastor Greg Laurie leading us in a prayer asking the lord to forgive our sins. And if you've just prayed that prayer and maybe for the first time you've asked the lord to be your savior. We want to welcome you into the family of God. And we want to help you get started in living this new life of faith. Let us send you what we call our new believers growth packet. It will answer your questions and help you build a solid foundation for your faith. We'll send it free of charge when you call one 808 two one 3300. That's a 24/7 phone number one 808 two one three three zero zero, or go online to harvest dot org and click the words no God. Now, if you missed any part of today's study or the previous two parts presented here on a new beginning, you can get a replay at harvest dot org. Just look for the message called the God of second chances. Well, we're with Randy alcorn today, talking about his book called heaven for kids. Randy, in your opinion, you've written the big book on heaven, and of course now this book on heaven for kids. And your opinion, what's the most challenging question to answer about heaven? Well, I think whenever someone's talking about something or asking about something that is not specifically revealed and scripture, it's kind of easy when it is specifically addressed. And there's many things that are. But when they're talking about something that isn't their directly in the Bible, then we have to sort of work our way into an answer and speculate, but based the speculation on things that are well grounded. So for instance, somebody says, and a lot of kids just love sports and physical activities and all that. And somebody says, will there be sports in heaven? I'll never forget a pastor that was not Greg. Who said this. But pastor saying to me, well, there can't be sports in heaven. And I said, well, what do you mean? I said, well, maybe not in the present heaven, but after the resurrection and we'll live forever on the new earth and we'll have bodies, why would we not participate in sports? And his answer was, because sports brings out the worst in people. Now, I can tell you having been a high school tennis coach and I still am. And I have two grandsons on the team that I coach. At a public school, I can tell you that sometimes sports do bring out the worst in people, but the problem is not the sports, the problem is the people, right? And so there's a lot to be learned from sports, even in this life, even when they do bring out the worst. You know, you need to bear the fruit of the spirit and all that. But the point is, as I said to this pastor, okay, look, there will be no worst to bring out. I mean, we will be fully redeemed, not just redeemed, we're already redeemed, but we're we will be glorified. We will know more be prone to sin the Jesus himself is prone to sin. We'll be made the righteousness of God in him. So take away all your notions related to sin from everything you're thinking about the new earth. So don't start going, oh, well, this bothers me about rewards because then people would be jealous of other people. If they have more rewards, no, no, no. You're imposing jealousy a sin problem from this world into the world to come. So don't think in those terms. So the sports question definitely, but also the any question that relates to, people projecting into the future, how we would react to the present because we're centers. We won't be centers anymore. Great insights from Randy alcorn, the author of many books. But we're offering you one of his books that simply titled heaven for kids this month for your gift of any size. Randy, I want to beat you in tennis. And the newer. But I won't quote because I want to send to nature, but I still want to do it. And if you did gloat, which you won't. But if you did, it wouldn't hurt my feelings a bit, because I won't even have that problem. Well, we're chatting today with Randy alcorn about his book called heaven for kids. It's full of great practical insight on what life will be like and eternity. And a so understandable. It's great for kids and adults. And all the questions Randy answers are listed right up front in the table of contents, so you can find a certain topic easily. We'll be glad to send it your way to thank you for your investment in keeping these daily studies coming your way. Just give us a call at one 808 two one 3300. We can take your call anytime when you dial one 808 two
Greg Laurie Podcast
"second chance" Discussed on Greg Laurie Podcast
"Christ. I love this part. Now sheba, the woman. Now, I don't want to put the primary blame on bathsheba, but she was culpable. It takes two to tangle, right? But David was the perpetrator. David was the one that initiated this. David was the one that God held responsible, but that she was sent to, didn't she. And she had to repent as well. But yet, despite that, she makes it into the most exclusive genealogy and all of human history when you look at the family line of David, you find not only bathsheba is in there, but also two other women, team are in rahab, both prostitutes who turn to God. So what does this mean? It means God gives second chances. That's a takeaway to God give second chances. Maybe you're in need of a second chance. Maybe I'm talking to somebody that is done something very similar to this. I don't think you've probably murdered anybody. Though it's possible. Maybe you've committed adultery. Maybe you've broken up a home, maybe you've been a faithful, maybe you've been living sexually impure life and you're not married. There's a lot of things that maybe you've done. Or maybe it's some other sin altogether, and you've messed up. Here's what you need to do. You need to admit it to God and repent of it right now. This message is for you. You demand. You don't woman. You're the one, and I don't know who you are, and I don't know who this is speaking to. But you know who you are. And so if the lord is directed this message to you and said, this is for you, you need to repent of this sin. Right now in your mind, it's there. You know, you know what it is. If he's saying this to you, just deal with it right here right now. Because he loves you. He's doing this. He loves you. Maybe you haven't faced the full repercussions of your sin yet. Maybe you haven't faced any outward repercussions of your sin yet. You're just dealing with the guilt in the misery of it. God has been gracious to you, turned to him and say, lord, I call that sin, what it is. I'm tired of excusing it. I'm tired of rationalizing it. I confess it as a sin, and I turn from you, but maybe I'm talking to somebody who isn't even a Christian yet. This is all new to you. But you are a center, as we all are, the Bible says all of send them fallen short of the glory of God. You can turn to Jesus Christ right now and be forgiven of all of your sins because Jesus of the root and offspring of David born in Bethlehem in a manger went to a cross and died for the sin of the world and he died for your sin. And if you'll turn from that sin he'll forgive you right here right now. Let's pray. No father. I pray that your Holy Spirit will convict and convince any person here, any person listening, watching, wherever they are, of their sin, help them to see they need Jesus. But thankfully, lord, you don't just make us aware of our sin to make us feel miserable. You make us aware of our sin, so we're repent of it and find great joy and happiness. Because your word says happy is the man of the woman whose sin is forgiven. Now while our heads are bowed, maybe God has spoken to somebody here very directly about an area of your life that is not right before God, it might be your thought life, it might be things you're doing or saying, it might be some moral issue, whatever it is. If you need to repent right now, you just say lord. I repent of this sin. Forgive me. You say that to the lord right now. The Bible says if you will confess your cine's faithful and just to forgive you of your sin and clench you from all and righteousness. You just admit it to God. The father I pray that you will extend your hand of cleansing. To each of these folks who've taken this step and you know who they are. And now finally, there might be somebody here that has never asked Jesus Christ to come into their life. You don't know that your sin is forgiven. You don't know that you'll go to heaven when you die. You can know it now. By asking Christ to come into your heart and life. And if you want to do that, you can just pray this prayer out loud after me. In fact, I'm going to ask everybody to pray this prayer out loud after me. Pray these words lord Jesus. I know that I'm a sinner. But I know that you're the savior.
Greg Laurie Podcast
"second chance" Discussed on Greg Laurie Podcast
"Now is the very familiar story of David and bethsheba. I'm reading from second Samuel chapter 11 versus one to 5 and reading from the new living translation. The following spring, the time of year when kings go to war. David sent Joe app, that's his general. And the israelite army to destroy the yemenites in the process they laid siege to the city of Rama, but David stayed behind in Jerusalem. Like one afternoon, David got out of bed after taking a nap and went for a stroll on the roof of the palace. I'll stop there. Now back in these days, he would have a rooftop terrace. So he's taking a walk up there on the patio, and he noticed a woman of unusual beauty taking a bath. He sent someone to find out who she was and he was told she's bathsheba, the daughter of Eli am, and the wife of Uriah the hittite, then David sent for her, and when she came to the policy slept with her, then she returned home. One bathsheba discovered she was pregnant. She sent a message to inform David. But now David comes up with the devious plan to have her husband killed. But before that, he thought something else might work. So he goes to his general job. Job, there's some soldier named. He's married to beshe, that's beside the point. Bring him back from the battle, I want to talk to him. Imagine you're right. Ray is just a soldier. He doesn't know David. David's a legend. The man of God's own heart, the giant killer, this wonderful godly man, the writer of psalms, David summons him to the palace. How excited you would be? And so he's brought from the battle lines and he's brought to the palace of David and he's escorted into the room where David himself is, perhaps, the king of sitting on his throne and David says Uriah heard some good things about you, buddy. Tell me how's the battle going? Well, it's rough, but we're out there fighting it and we're inspired by your courage and we just love you so much, yeah, whatever. Hey listen, Uriah. I thought maybe you'd like to take an eye off, go home, be with your beautiful wife, wink, wink, not nod. And so go do that. Then the next day, David gets up. Here where is your right? He's sleeping outside of the palace. Well, he didn't go home, no he didn't go home. You're right. What's up? Oh, well, king, I just couldn't do that. I thought of my fellow soldiers out there. Now, they're going through, I can't go home and have this pleasure with my wife. Oh, great. I've got to do gutter. So you get some drunk and says, I'll go home to your wife. Still he doesn't go home to his wife. When does Stephen trying to do? He's thinking of sleeps with his wife. That then they can say, well, it's your baby, right? But Uriah won't do it. That was a roadblock. The lord was saying, stop, David, this is evil. David should have repented. What does he do? He says, you're right, do me a favor, buddy. I've got a letter on what should deliver to king joab, give it to him when he returned back to service. Okay, king, thank you. I will. So he gives this letter to job. This is all loose paraphrase, but it's all in the Bible, people. Gives the letter to job dear Joe happ. I want you to have a charge against the enemy, and I want everyone to fall back against Uriah. And so the charges led everybody falls back in the courageous, Uriah is killed. So David, that done deal well, looks like sheba is not married. Hey, would you like to be my wife? Yes, I would. Everything's great. Everything's awesome. He just didn't bargain on one thing. Because we read in a second salmon 1127, the thing David had done displeased the lord. And so God disciplines those he loves. God disciplines those he loves. This discipline and conviction in David's life was assigned he was a child of God. He wrote about it in some 23. He said, gay, though I want to the valley of the shadow of death, I will fear no evil for you are with me. Your rod and your staff, they comfort me. That's exactly what he's talking about now for a shepherd. They had two primary instruments in the tending of sheep, the rod, and the staff, the staff was used for pulling wayward limbs in. The rod was used to fight off predators and occasionally give a wham a good whack or did I say a wham? You crazy wabbit. I all of a sudden became Elmer fudd here. The rod was used to give the lamb a good wax. See, there's a little tongue twister. When it needed it, not all the time is shepherd generally would not use a rod in a sheep. It used the staff, but every now and then, this little lambs really wavered. And the problem is he is leading other lambs astray. So for his own good, and for their own good, boom, he gives the Lama wack. Have you been whacked ever by the lord disciplined by the lord. Hebrews 12, 8 says if God doesn't discipline you, as he does all of his children and means you're illegitimate and you're not really his children at all. You know, God only disciplines his own kids. He doesn't discipline those that are not his children. Have you ever seen someone's children misbehaving? I mean disrespectful children. That they have no manners. They have no respect, and I look at them and they think bad parenting. It's a fault of the parent. The parent is not taught that child the right way to live, the right way to treat others, et cetera. And there's times I wish I could discipline someone else's child, but I can't, and I shan't use a little British phrase because that's not my right, and I could get in trouble for it, but God will discipline his own children. Why hebrews 12 again says, no discipline is in general while it's happening. It's painful, but afterwards there'll be a quiet harvest of right living for those who are trained in this way. So David tries to cover things up, but the evidence of his crime was everywhere. The Bible tells us that some proverbs 28 13 he who covers this in will not prosper whoever confesses and forsakes his sin will have mercy. Pastor Greg Laurie will have the second half of his message in just a moment. Hetero if you know about this, but we have a weekend service called harvest at home exclusively for people at our tuning in literally from around the world. Listen to this, we even have harvest groups where you can get into a small group with folks from all around this planet of ours and study the word of God. So join us this weekend Saturday and Sunday for harvest at home at harvest dot org. Well, we're at a turning point in the story of David and bathsheba. Pastor grey continues his study called the God of second chances. So now the best possible thing that could have happened happened. David got busted. Now, David was lined up to this point. You know, it was out there. Now people know, and David gathered the Israeli pressed together and he turned to them and said, I did not have sex with that woman. How many of you got the reference? Suddenly you came alive. Political reference. But he didn't do that, but it's implied.
Greg Laurie Podcast
"second chance" Discussed on Greg Laurie Podcast
"Pastor Greg Laurie, with good insight on how our conscience can help us take corrective action over our sinful choices. If we let it. And there is more to come from this message here on a new beginning, a study called the God of second chances from the series House of David. Well, we're speaking with author Randy alcorn today about his book called heaven for kids. And Randy, I wanted to ask you, you invite kids to ask their parents to take them on an excursion to wait for it, a junkyard. Why is that? Yes, that is something that I came up with years ago and actually did with our children when they're very young. And I did it with my grandchildren. Years later, and I had girls, two daughters, and I have 5 grandsons. And the grandsons absolutely loved the junkyard. I mean, this was like, this is terrific. I think they loved it a little more than the girls did. But the whole point in going to the junkyard is to say, see all this stuff out there. And I'm able to say to them, do you know how valuable this stuff used to be to people? I mean, there were people who fought over these things. I mean, people have been divorced over possessions. And people have died and left these behind. These things that seem so precious, just grow old and nobody cares about them, and they become junk. Well, that's the way it is in this world. Now, Jesus talked and this is what I would say to my kids and so I said to my grandsons, Jesus talked about treasures in heaven, where moth and rust do not destroy and where thieves do not break in and steal. Store up for yourselves, treasures, not on earth, Jesus said. But store of treasures in heaven. Why? Not just because it's the right thing to do. It is the right thing to do. But because it's the smart thing to do, because those possessions are going to last. So whatever we send a head to heaven like the things that God will reward us for for being faithful to him and obeying him and all of that, those things will be waiting for us when we get to have it. All those possessions that we accumulate and value those will not be waiting for us. That's right. If you've just joined us, I'm speaking with author, Randy alcorn, who's written many books, but we're talking about his book heaven for kids. And you know when we offer these resources to you, we always say for your gift of any size, we're hoping that you'll be generous because when you invest in our ministry, you're investing in the preaching of the gospel. You're investing in the teaching of the word of God, and every year we literally have thousands and thousands of people pray in as Jesus Christ to come into their life. As you know, if your listener to a new beginning, I'll often throw the net if you will. I'll give people an opportunity to accept Christ even leading them in a prayer. I've received so many letters from people over the years who've told me they prayed that prayer and they marked that day as the day they became a Christian, I've just I've run into people on the street who've told me about it, and we're going to continue to preach the gospel and give people an opportunity to come to Christ. So if you want to lay up for yourself some treasure in heaven, we would encourage you to invest in our ministry, and as our way of saying thanks to you, we will send you this book by author Randy alcorn, heaven for kids. And Greg, you didn't ask me to do this, but I just want to tell people, I really believe in this ministry. I believe in harvest, I believe, and the ministry of the program of the harvest churches, and I've seen firsthand the results. And I'll say this that I've never been around you for a very long where it doesn't come right back to the centrality of the gospel, the good news of Salvation in Jesus Christ. And sometimes we make the mistake, and even ministries can make this mistake. Of just kind of assuming that people know Jesus, they've not only heard the gospel, but they responded to the gospel, and so we don't have to mention it. So let's just move on and get into the deeper things of the Christian life. We've got to go back to the gospel and Jerry bridges used to say, preach the gospel to yourself every day because the gospel, even for those of us who do know Jesus, our life is about the grace of God and the grace of God in Jesus. We know the grace of our lord Jesus Christ that though he was rich it for our sake he became poor, that we threw his poverty might become rich. That should be central to our thinking. They have people don't know Jesus. There's no greater need they have than to know Jesus and if people do know Jesus, there's no greater need than to grow in him and no more and walk with him more. Thanks so much to those kind word Trinity. Well, if you believe in the importance of sharing the gospel, as we do consistently here on a new beginning, we hope you'll invest so this work can continue. And we'll say thank you for your investment with this book from Randy alcorn called heaven for kids. You can call us to make the arrangements our number is one 808 two one 3300. That's a 24/7 phone number, so call one 808 two one three three zero zero,
Greg Laurie Podcast
"second chance" Discussed on Greg Laurie Podcast
"Right? And third chances. And four chances and pretty much as high as you can count. Now, that does not mean that we can send with abandon and not have to face consequences. I think sometimes we think because God forgives. That means that I can go out and do whatever I want to do. And if I say I'm sorry, everything's cool. Well, in one sense, if you repent before God and ask for his forgiveness, you are forgiven, of course. But there might be some repercussions. Example, let's say you decide to rob a bank this afternoon, you walk in, you hold up the bank, you got the money, you're walking out, you're arrested, and you say, oh, God forgive me. You're forgiven, but you're still going to jail, right? Okay, so we don't think about that, but the Bible does say that you will reap what you sow. Well, here before us now in our series, the House of David is a story of a man who desperately needed forgiveness. I'm reading from second Samuel chapter 11 versus one to 5 and reading from the new living translation. The following spring, the time of year when kings go to war. David sent Joe app, that's his general. And the israelite army to destroy the yemenites in the process they laid siege to the city of Rama, but David stayed behind in Jerusalem. Like one afternoon, David got out of bed after taking a nap and went for a stroll on the roof of the palace. I'll stop there. Now back in these days they would have a rooftop terrace. On that purge, he could pretty much see everything that was going on in his city. So he's taking a walk up there on the patio, and he noticed a woman of unusual beauty taking a bath. He sent someone to find out who she was and he was told she's bathsheba, the daughter of Eli am, and the wife of Uriah, the hittite, then David sent for her, and when she came to the policy slept with her, then she returned home. When Bashir discovered, she was pregnant. She sent a message to inform David. We'll stop there. Again, he's 50 years old. But he's idle. And this is really where it all started. I mean, this guy had been on a roll up to this point. And now the double attacks them. So this brings us to point number one if you're taking notes. David's fall came after a great spiritual success. David's fall came after great spiritual success. The double weights of the moment, what he thinks were the most vulnerable, where maybe we lower our guards spiritually. Okay, number two. The sins we commit today may come to haunt us tomorrow. The dividend falls suddenly as with everyone it's usually a process. A second Samuel 5 tells us he was living in direct disobedience to God because he took concubines into his home. He was allowing lust to consume his life. Maybe he thought if I have all of these women, that will satisfy me. But actually, it didn't satisfy him because it was out of God's order. Listen, God has given to you a sexual dry. There's something sinful about it. There's nothing evil about it, and there's a proper place to satisfy your sexual drive. And that place is in a committed marriage relationship. And that is the only place it's going to be rightly satisfied. But if you have lust in your life, and you feed that loss, there's many ways you can feed it, looking at pornography, other areas. It's like putting gasoline on a fire, hoping it will put the fire out. Here's the thing you need to think about when you come to the subject of lust. You don't feed last you starve it. And so David was not satisfied. This just fueled his appetite and now he's basically fattening himself up for the kill. And when does it happen? One warm spring night when his army was at war, David was taking a nap, bringing me to point number three, David was sleeping when he should have been fighting. He was sleeping when he should have been fighting. He's kicking back. He's just taking a little time off. And by the way, there's nothing wrong with taking some time off. But you can't take a spiritual vacation. The spiritual battle rages all day and all night long. It's even raging when you're asleep, right? So you can't take a day off. I wish you could. I wish we all cut. Point number four, our greatest battles don't necessarily come when we're working hard. They don't necessarily come when we're working hard. They often come when we have some leisure time or even when we're bored. So basically, he's saying, you know, oh, we're not in this campaign right now. We're not doing this other thing right now. I can just sort of relax and that's what David did. He lowered his garden. Now this would have been a temptation for any man, right? Because the Bible tells us in second Samuel 11 two bathsheba was a woman of unusual beauty. She was dropped dead, stunning. Then add to the fact that she didn't know how many clothes on. Now add to the fact David's filling this mind and heart with lust. And now he just crumbles and swiftly takes action. All rational thinking went out the door. He's like an animal driven by lust for what he wants. He dispatches a servant to find out who this beautiful woman is. Now you have to admire the boldness of a servant who says in second Samuel 11 three sire, your majesty, king David. She's bathsheba, the daughter of Ilan, and the wife of Uriah the hittite. Kudos to this guy. He knows what David's thinking he's not stupid. Yet she married. So don't even think about it, had no effect whatsoever on David. Point number 5 when you're diluted by sin. You don't think clearly because sin makes you stupid. When you're diluted by sin, you don't think clearly because sin makes you stupid. David was in this stage right now. And so this is what's happened now. He brings massee ba up to his chambers, do you think they had a pleasurable night while the Bible doesn't say? But I think we can assume there was some pleasure in what they did. Sin can be pleasurable, Kent it. I know we don't want to sit in the room, no it's horrible. Oh, really? Hey, eating ten Krispy Kreme donuts is pleasurable. Now, how do you feel about 20 minutes later? You go and do the worst food coma ever. I remember I went with a friend, we went to Krispy Kreme. This is a long time ago. I don't hardly ever go anymore. And I think people think all I do is eat crispy cream donuts and In-N-Out burger. I was walking through one of these little open air markets, you know, with the organic food the other day. And yesterday actually, and I walk in there and stuff and said, pastor Greg, yes, how are you? Yeah, they don't have in and out burger. Here, why are you here? I don't just eat in an upper, right? It's just a point of reference. I do eat it some and not that often. And I heard the every Krispy Kreme, but you know it is a perfect analogy back to my story. So I was riding in a motorcycle that night and we went in and I probably ate 8 Krispy Kreme donuts.
Zo Routh Leadership Podcast
"second chance" Discussed on Zo Routh Leadership Podcast
"A new thing for me to that. I have so many formerly incarcerated friends from zero to you know dozens now and they're just great people but they've been very generous sharing their personal experiences and those experiences were were were quite rough incarcerated friends. Have you had conversations with them about if they could do over other the prison system or the employment system what would they. What would they recommend happen. You know there's a wide variety of opinions on this. I think most of them and this is probably just by the nature of what i do would like the opportunity to get employed and not have that so much a struggle. So what i'm doing tends to resonate with this population. All sorts of ways and in fact philanthropist trend of minors in the investment industry was interested in the work and he's very generously donated over five hundred books that are being sent to prison libraries because ultimately this book while it's attended for business audience is a message of hope and optimism for people who are currently rate. It says someone cares and their employers out there who value you as human beings and not just as the some of your worst moment. i love that. Yeah one of the stories. You tell them that it's really stuck with me. It's how one employer has a sign up on their doors. Saying if you want a job put your name on the wait list and the next one next other comes. Open your up. That's it like no qualification. You'd just have a job grayson bakery the new york and the open hiring foundation there tremendous people. It's not a model. I actually recommend because it works for some. I think it will work in some cases it's a little bit too much for conservative me but the fact that it works in the places that have adopted which is a couple of places in the us and the uk. And i think one in the netherlands that i know of says to businesses it can work with completely open hiring. Imagine what would happen if you just apply a few screens and just saying i'm not going to open the door. I'm just going to pick the cream of the crop. As i see it so i think it's great affirmation that there's all sorts of possibilities and opportunities talent acquisition. That were missing in this space. Coming back to your book actually because it is a massive undertaking to write a book and especially one of this scope. What motivated you to pick up the pen and actually get it done. I think i felt. I couldn't get the message out without it in two thousand nineteen prior to the pandemic. I think i flew one hundred and forty-one flight segments. And i had some weeks booked in twenty twenty that got cancelled by one week whereas cities in a week on this topic because there's so much demand for it and i realized i just couldn't meet that demand. The other issue that came up is i realized businesses would get really excited that come to a speaking panel or they read a short article i wrote and go back and want to get started and they didn't have enough tools that eventually be beaten down by you know maybe their head of hr maybe their chief legal adviser and the inertia and resistance to this. This this kind of ira does attract would make sure it didn't happen. So i realized that there's value in having a book as affirmation and book that focuses on real live business owners who've done the successfully so my hope is that this is a tool that will be used in early indications are good. Oh i hope so. I think it was a fabulous well written book very compelling the rationale for it. The case studies were great and i was pretty inspired by by the business. People who are are reaching out and making a difference in the world and also for the courage of the people leaving prison to or having convictions. Being able to put their hand. I'm saying i wanna. I want a new life. I want to do something different. It takes a lot of fortitude because you have too many cases turn your back on your friends and community that got you into trouble in the first place so it's very very challenging and the people who have done it yes i know. They did something in their past. That was wrong in. That often heard people but they've paid their dues and what they are doing in rebuilding. Their life is often almost iraq. They've got to convince themselves that it's possible. I and then yeah to shed your past and to shed your community. That's not easy for anyone. Let alone somebody who's got so many disadvantages. They're facing down as well. Jeff where can people find out more about you and your work. I do have a website at jeff. Koranic dot com. I if you can spell cores. Ko art z. Or is that n. I k. dot com. You'll find information about the book and about me happen to be the only jeff grzanich on the planet. So if you even get close in a search engine to the spelling you'll probably probably find me and there's links to britain need to get it a little bit more updated to include a wonderful podcasts. Like this and a few others have done. But that's a good starting point. And the book of course is available at amazon and barnes and nobles and all the at wherever fine books are sold That's fabulous is definitely a worthy read. And i've loved our conversation. I'm really thrilled with the work. That you're doing pioneering and showcasing a for business leaders around the world so thank you so much jeff. This has been great. Thank you been a real pleasure. What did you learn in that interview for me. One of the things. I learned in reading the book and also speaking with jeff today is the reminder of the human story behind what we see in people so thinking about you know a human being leaving prison for something that hopefully they regret doing that has made a huge mark on their lives and possibly the people who were affected by their crimes. How do you start over. How do you begin over. What resources have you got. What obstacles do you have to overcome. It's quite a powerful thought process to go through that walk alongside somebody who's had to overcome so much so in this interview and in the story and stories of business owners. I think it's the story of compassion. The story of hope in the story of courage. I love this. I hope you do too. I would love your feedback. Feel free to email me zoe zoe. Ralph dot com or dot note on the podcast page and the facebook group or reach out to me on lincoln. I love hearing listeners. I love hearing what's made a difference to you and be sure to pick up just book. I think it's a worthy read in an inspiring one. In the meantime live well lead. Well you've been listening to the zoe route leadership podcast leadership expert. Zoe routh for more about people stuff and to contact zoe to zoe. Routes dot com..
Zo Routh Leadership Podcast
"second chance" Discussed on Zo Routh Leadership Podcast
"When you think about the numbers in the us nineteen million. People have felony. That is such a big pool of potential talent that there's a fit for every industry with someone from pool often large numbers of people from poor. So you can't make any blanket exclusion of any industry just given the numbers. So do you think there's even with professional services and that sort of thing that require a higher level of education in order to be effective. You think there's still opportunities for people. Who are felons to move into those kinds of businesses. Absolutely one of my one of my good friends was a justice. Reformer was a great attorney actually had a very unusual situation that he he had alcohol. He was addicted to alcohol and hit someone in the car. Driving drunk and terrible turned his life around. The person was not killed but was very severely injured and my friend was in the interesting position that while he was out on bail he argued a case before the new jersey supreme court and then when he was in jail convicted in in jail he found out that he had actually won the case. You know so so you have again a large talent pool. And as he has overcome his alcoholism. And i'm sure it's a struggle but he's he's cleaned for years he's a great member of contributing member of the community is married as a lovely daughter. So people can do this. It is true that on average this is an under educated lower lower levels of educational attainment than the average population. But again nine hundred million people. And there's some very interesting hodge. Prison programs led by bar colleges lead so the biggest coalition of those the most experienced. And so we're seeing people come out of prison go on to graduate. School teaches universities become lawyers. It's very encouraging. It is true again on average. You will have challenges but people aren't about averages you know we're we're not averages were all different in come at different points in our personal journey but on a nine hundred billion people you can find talent ever there you go. That's that's an excellent message. Don't just make blanket. Blanket rules about who's who's in who's going to work and all that stuff i wanted to know also about with. The people dynamics are in the businesses. So that non felon employees interacting with the felony employees. How do you do that because presumably not everybody has access to the poverty training. vr experience. Sure one of the challenges is that for businesses that have been established. Long had prohibitions. On hiring people with records it is more difficult introduction. A number of the employers that are studied site in the book were built from the ground up to offer employment to people who have been marginalized but it depends on the industry to some degree. And it's a challenge for management but one of the peculiarities in. The united states is that opioid epidemic has been so widespread that so many people of all socioeconomic strata have been impacted by the criminal justice system. It's healthy stigmatize. This a little bit and it is an education process. Do you know anyone in your family have made a mistake. Did you ever make a mistake in your youth. Friend of mine at tucson remain justice reform attorney works for university in north carolina he He spoke at one of my panels and he said people with a criminal record. Have the letter c. branded on their forehead and he said it doesn't stand for crime it stands for caught. Because we've all done something that could have gotten us but again you could've gotten us in trouble with law and so when you help bring it down to that level. It helps overcome some of the objections. That you face and then it. it's like anything else. When other employees traditional employees are told who is has a criminal record. And who doesn't they can usually figure it out in these smaller employers. It might be who shows up on the transportation bus from a facility or the power google and searching people's past but once they have exposure to people and if the employers the the job right vetting people and finding the right people they're such exemplary employee wins over the group. It's that transition period while you're adopting second chance employment that makes it more challenging but once it's established tends not to be an issue. That's amazing as somebody who's always looking for solutions for your your clients and for making business better other any other areas whether it's for manpower labor that you can tap into that also got a social reform to it. It has a social reform bent necessarily but this active looking second chance hiring setting up these processes were identify. Who's ready and how support them. I think is a mind opening journey for employers and it can be applied to so many populations just people who may not have a criminal record but are marginalized because poverty lack of life experience or working parents who have said that's very very considerable challenges to working older workers. How do you decide who might be a good fit in. What accommodations might. They need all of these things work in our potential solutions to this very severe labour shortage that we have coming over the decades ahead. I love that that's amazing. What was the most surprising thing for you as you dove into this book and did research around it and what was the thing that you went wide. Didn't expect a to learn that. Well i think. I started thinking that job would solve everything so realizing that a job as is necessary but not sufficient and then getting into the issues of the challenges people face. I think i was particularly shocked by the challenges that people exiting incarceration face in terms of re entry. They may come out with what's called gate. Money might be fifty dollars in a bus ticket. And if you don't have family connections you really are in a very difficult position. You may not have an. You may not have transportation. Your driver's license might have long since been suspended or expired and they're all these obstacles if you've been away for a long time in prison to for a long time you probably don't know how to use a modern cellphone smartphone. You might not have any experience with how you have to apply for job online these days and when you understand the mountain of obstacles that people face you start to understand that. The people who are knocking on employers door have overcome housing issues transportation issues technology issues. And it's actually a mark that they are people of character and determination not flawed employees. That's a great expose of what it's like to leave prison. Which i don't think many people really think about you know in the mainstream employment world. Anyway it's like. What are you have to do to get here right. There's so many things that we take for granted that people with these backgrounds didn't have the luxury of taking for granted. Yeah absolutely and i was watching a movie recently where somebody laugh prison. And they were given their whatever bust money. And i'm like and then he just walk out into this empty road. I'm like that's just so wrong. It's just setting them up for failure as you saw. I thought this was an important topic for the book. Employers need to understand this context and one of my formerly incarcerated friends..
Greg Laurie Podcast
"second chance" Discussed on Greg Laurie Podcast
"Happen. How.
The Sill - Perspectives on Art
"second chance" Discussed on The Sill - Perspectives on Art
"There's a certain segment of political society. That would be most likely to push against the idea of euboea. Can you talk about how you be. I can actually mesh with the ideological agendas of all left right and center while this interesting thing. Because it's an idea that appeals to the full spectrum of political thought. It was milton friedman who came up with the idea of actually introducing a ub type in the united states fifty years ago. They passed it through congress. They were on the verge. Fifty years ago of having this throughout the united states and the reason is that. If you look at the thinking from milton. Friedman his kind of approach. It was. Why are we letting the government run our lives when we could be putting money in the hands of the people and let them make their choices. This is very appealing. Thought to the people on the right. Why are we letting the government choose. Who gets welfare and where they spend it and so on why not give it to the people and let them decide and let free economies rain. So it's a political idea is what you're saying in some respects it is or it's a multi political idea. Yeah but the caveat of course is that if you have support across the entire spectrum you also have opposition across the entire spectrum because for the same reasons that people don't like it. You're just flip. The coin to the other side and going back to those three things at harry brought up at the beginning. Which was the premise of your first book. Which was the consumer citizen an investor. Are those three things part of the problem. And the acceptance of you be. I would anyone of those. Three things represent an opposition to you. Bi the most obvious opposition to any basic income program. Where's the money gonna come from right. And so i guess your consumer or your investor might say well that's my money right right and so if got a good income coming in and you don't see any value to yourself by getting basic income and if you focus on it going to the lower classes then you're going to say where's it gonna come from. And why do those people get get it. And they're going to spend it on drugs and they're gonna stop working that so yeah. In that sense. I guess you are going gonna see opposition on those numeric grounds. I see the single biggest opposition to this. What you just described as the thought that you're giving money away like to a lazy person or your demotivating people from working which i think is a fallacy. Yeah i think from what you just said. Just now thought occurred to me that in a sense we do tend to give huge amounts of money away but we give it away at the top right. We don't give it away the bottom. We're happy to see billionaires. Get extra in sensitives to create jobs where we give them tax free land to build their new plant in order to get the economy moving. We turn a blind eye to their offshore accounts and so on we create huge income models where they can be at a rate much higher than any of us can earn it simply because they're creating jobs so we already giving it away is just. We're giving it away at the top and most of that. Money is getting socked away. It's not going back into the economy in very simple terms you. Bi is offering a redistribution plan. I think in some ways it is. But i think to perhaps modify the concerns of the wealthy..
Greg Laurie Podcast
"second chance" Discussed on Greg Laurie Podcast
"Opportunity to repent of his sin in judas did not take remember. Satan filled judases heart so peter just ticked off. He's angry. He's a fisherman not a surge when he pulls out the womb he takes a swing off comes the ear of a guy named marcus now. The gospel tells us who probably was leading the charts and jesus reaches town picks us men ear up and reattach it so the last miracle of jesus before he died on the cross was the healing of a man who was coming to arrest him and it was also a miracle that was done to cover the blunder of disciple. What an amazing story that is. This is a reminder to all of us that were in the spirit to battle in the fight a spiritual battle with spiritual weapons. I mentioned earlier. That america really needs prayer right now. I think a lot of people think everything is a political solution. It isn't america needs a spiritual healing remember. What god promises and second chronicles seven fourteen. He says if my people which are called by my name will humble themselves and pray and seek my face and churn from their wicked ways. Lawrence says i'll hear from heaven. Forgive their sin and heal their land. Oh lord heal our land. Let's pray for our country right now. Father american needs a supernatural touch. We need a spiritual awakening. And we're asking right now in the name of jesus christ you have. You will help us to take to heart what that promise of. Second chronicles seven. Fourteen says that we would turn from our wicked ways that we would seek your face. Lord heal our land. You promised to do. So we ask for that jesus name. They met two more steps that lead to peterson. Step number four. He was warming himself that the enemy's fire he was warming themselves at the enemy's fire. Go back to mark fourteen for sixty six. We read as peter was below in the courtyard one of the servant. Girls of the high priest came and she saw peter warming himself. She looked at him and said you also with jesus of nazareth. He denied it saying. I don't know or understand what you're saying. And he went out on the porch and a rooster crow. Remember what jesus said you will deny me three times before. The rooster has crowed twice as always warming themselves by the fire. Have you ever tried to go undercover as a christian sort of hide your faith go unnoticed in the larger crowd following a distance peter became cold and it was attracted to the warmth of the fire. He didn't think that anyone would recognize him there now. He is following. Jesus still so we have to give him some credit. He hasn't run away but he's not doing anything either. In fact we were given the detail here in matthew. Twenty six verse fifty eight we read. Peter went and sat with the servants to see the end. That's what he thought it was the end. There's no more hope. Everything's gone up the tracks. Jesus and peter's estimation was supposed to establish his kingdom and drive out the romans and now he's been betrayed by one of us and now he's going to die in a cross but i guess i'll just stay here and see the end but it was not going to be the end. It was going to be a beginning a new beginning. It's not a bad thing that he was warming up by a fire. But he's with these people around the fire. The bible says and someone blessed is the men that walks not in the counsel of the ungodly centers or sits in the seat of the scornful see..
Greg Laurie Podcast
"second chance" Discussed on Greg Laurie Podcast
"And the bible sleep is spoken of as sort of a negative thing it says to christians now is time to wake up for our salvation is nearer than when we first believed and we all know what it's like to fall asleep at an inappropriate time. Maybe fallen asleep in church by the way pastors. No when you fall asleep. I think it comes as a revelation that people know that not only. Can you see me when. I'm speaking but i can see you. And when someone nods out they make like put their hands up to their face like they're preying. I know you're sleeping. Okay especially when you start snoring but we always deny it warmer sleepy for some reason. Some of them say they don't know you did and these guys fell asleep. But you see. Jesus was getting them ready. Same boys you need to pray because he knew a storm was brewing. He knew that hard times ahead and they needed to be praying literally. The devil son is on his way with some armed guards to arrest jesus and a reminder to us that fearlessness can be as much of a sin as breaking a commandment. See there's not just sins of commission that's when you do what you should not do but there are sins up omission. When you don't do what you should do. The bible says to him that knows to do good and does not do it to him descent. So if the lord impresses upon your heart the need to pray and you don't pray that could be a sin. Jesus assane to peter james and john guys you need to pray yeah. Whatever we're going to catch some z's right now. That was a mistake. His third step down was peter trusted human effort. Instead of god's power he trusted human efforts. instead of god's power six of mark fourteen. They laid their hands on him and took him in one of them. Who stood by jew his stored at struck the servant of the high priest and cut off his ear. His gospel gives us a few more details about this. Jesus said to. Peter put your sort in its place for all who take the sword and live by the sword will die by the sword and then jesus says to peter. Don't you realize it column my father and he would send twelve legions of angels now in fairness we can understand peter's outrage judas iscariot he's hung out with this guy for three years plus thought him is thought of them as a friend. Indeed here is judas. Who's betrayed jesus and judas betrayed. Jesus the bible says the kiss i mean couldn't judicious they look at the guy in pointing to jesus arrest them or the guy. I'm shaking his hand areas. He betrays them with the kiss. And in the original language it wasn't just a peck on the cheek. It was repeated. Kisses a form of intimacy and he's appearing to be someone who loves jesus when he's trained him. And jesus says to judas. He approaches friend. Why have you come friend. He should have said fiend. Why have you come. Jesus why he came but i think judas missed it. But christ was giving to judas..
Greg Laurie Podcast
"second chance" Discussed on Greg Laurie Podcast
"Well he's the father of faith and we think of faith we think of abraham yet. He had a serious lapse of faith when he lied about sarah bean as wife seen she was his sister because he was afraid of what would happen. How about samson known for his superhuman strength. He was overthrown in his moral weakness. This is why you must never lawyer guard in any area of your life see. It was self confidence. I heard a story about two in a frog. They'd like to hang out together. In upon farmer brown's field and one summer the pun dried up because it was a drought so the frog went to the ducks. This is a true story and said is you gotta help me out care. I'm stuck care but but if each of you would take a stick in each of your beaks i could hold onto this stick with my mouth and you could fly me out of here. So the duck said okay. We'll do it. And so they. Each grabbed hold of that stick with their beats and the little frog jumped up and grabbed it with his mouth. And as they're flying on a former brownfield farmer brown's down there and he looks up and he sees it's amazing sight of holding the stick in their beaks was a frog holding non as mouth and he said dad is an amazing thing who thought of that and the frog said. I see let go. He had to take credit right. The bible says pride goes before a fall. Peter second step down was prayer looseness. I'm not even sure if that's a word but it's a real thing prayer list nece. How many of us would be honest to admit that. We need to pray more. I know that. I do and peter was sleeping when he should have been frayne going back to mark fourteen verse thirty seven there in the gardening semi now jesus says to the disciples peter james and john watch with me watching pray and we read these words and this is from the new king james version. He came in from them sleeping and said to peter simon being. Could you not watch one hour. Watch and pray lest you enter into temptation. The spirit indeed is willing but the flesh is weak again. He went away and prayed and spoke the same words and when he returned them asleep again for their eyes were heavy and they did not know what to say to him. Jesus contemplating the horrors of the cross in the garden of a semi. According to dr keys sweating as it were great drops of blood literally sweating blood as he thinks about what is ahead. All he asked for was a little companionship. From peter james and john and they fell asleep. You know it's interesting..
Greg Laurie Podcast
"second chance" Discussed on Greg Laurie Podcast
"See that. He was first among the apostles and when peter said he was going to do something they would all usually follow after christ died on the cross and they hadn't seen the risen lord yet. Peter said i'm going fishing. They all said we'll go with you. He was sort of the leader. The devil often targets leaders. That's why you need to pray for those who are in leadership. Maybe you feel like you've been being tempted. A lot attacked a lot by the devil. Maybe that's because he sees your potential as well so where it as a badge of honor now. There are five steps that lead peter down to his denial of christ. Here step number one. If you're taking notes his first step down with self confidence self confidence go back to mark. Fourteen verse twenty nine. Peter said jesus even if everyone else desert you i never will and this is after. The lord revealed that judas would betray him so peters effective saying hey even of judas betrays you. i'll never let you down. And he's almost boasting at the expense of others. Even of these others falls short. I remember you give me that new name. Rock iraqi will never let you down. You know. it's never a good thing to boast of your commitment to christ especially at the expense of someone else. It's never even good idea to boast about how much you love. Jesus rather boast about how much he loves you are. Love is fickle. It's changing it's often. Changing god's love for us as consistent. I love how the apostle john described himself as the apostle whom jesus loved. Now that me. I must sound era. Ghent when you mean. The apostle that jesus loved just dayton the facts he loved me. I feel loved by jesus and we can call ourselves a disciple. Jesus loves as well. So as i step down again was self confident in saying these words. I'll never deny christ said he would was actually placing unfounded confidence in himself. And it was also directly contradicting. Would jesus said listen. Jesus said to. Peter you will deny when jesus says something will happen. You can take it to the bank if the bible tells us something. That's going to happen in the future. trust me. it's going to happen in the future. And but in peter's mine even if everyone else abandoned the lord he never would look at verse thirty one of mark fourteen. He says even. If i have to die with you i will never deny you an interesting thing. When you look in the bible you'll find that often men and women of god fell in very area that they normally were strong in and so as an example we have elijah. What do we think of only think of a light. So we think of fire caught fire from heaven with think. A boldness bravery standing up there in mount carmel representing god. But what happened. After the fire fell on mount carmel. There was a contract. Put out on the prophets by queen jez. Abell and elijah ran and hid in a cave so he was in afraid when he was normally known for his boldness abraham..
Greg Laurie Podcast
"second chance" Discussed on Greg Laurie Podcast
"The devil comes to god and wants to have a time of bringing difficulty into the life of god's servant named job and the double says correctly of job. Have you not put ahead jump protection around him and yes it is true. The lorne allowed a series of hardships befall his servant. But in the end. God bless job and a wonderful and powerful way. My point is there is protection in our life. And there's always a way out of every tim and the lord leads us go through times of trial now allows us to be tempted. It's for a purpose. He's trying to make us stronger. But remember. jesus is praying for you every now and then people will come up to me and say we pray for you greg and your family every day and if you're one of those people from the bottom of my heart let me say thank you so very much. There's no greater gift that you could offer to me. Then to say you pray for me or pray for our family. Our pre for our church. Thank you so much for that. But i have to be honest with you knowing christ is interceding for me even means more. There's an old commentator from days gone by his name is robert murray mcshane and he made this statement and i quote if i could hear cries praying for me in the next room. I would not fear a million enemies yet. Distance makes no difference. He is praying for me and quote. I mean think about that. Christ himself train for. I remember once talking with billy graham and i said billy would you pray for me. Pray for me right there. And i thought oh man this is going to be heard in heaven. This as billy graham praying. Hey i'm talking about jesus himself praying for you because over in romans. Eight thirty four. We read these words. Who is he. That condemns christ jesus who died more than that was raised to life. Is that the right hand of god. Listen he's interceding for us. So who will separate us from the love of christ so trouble or hardship or persecution or famine or nakedness or danger or sword. Yes he was praying for peter. And he's interceding for you as well and jesus sustain. You'll be back peter and luke twenty to thirty two jesus says they your facial upbeat and when you have returned to me you'll strengthen your brothers and peter understood that and actually wrote about it in his own epistle. I peter five ten. He said after you've suffered a little while god will restore you and strengthen you in place you wanna firm foundations. So peter could speak from experience he had suffered. he had fallen in. he had experienced restoration. Why was the devil targeting. Peter in particular. I think it's because the devil also saw peters potential..
Greg Laurie Podcast
"second chance" Discussed on Greg Laurie Podcast
"God without our father's permission let me say that again the devil can do nothing in our lives without our father's permission and god will never us to be tempted above our capacity to resist. I corinthians ten thirteen verse. I memorized as a teenager. And i still remember. It says god will not allow you to be tempted above your capacity to process but will with the temptation make of escape that you may be able to barrett no this temptation can be resisted. Every temptation is an opportunity to run to god and there is a blessing promise to the man or the woman that resist temptation or james one. Twelve happy is the person who endures temptation for when they are tried. They'll receive a crown of life. So don't tell me you can't overcome your temptation. Don't tell me you can't stop drinking. Don't tell me you can't stop looking at porn. Don't tell me you can't stop turning to drugs. Time and time again the question is do you really want to be free from that stuff. Jesus asked a man who had been disabled for his whole life. This question to you. Want to be made whole well. Kinda question is to ask a man at obviously doesn't like the cds in. It's a very good question because not every person wants to be made whole not. Every person wants to be delivered from drugs. Not every person wants to change the life that they're living so it's a question we need to do. I really want to change. Don't tell me you're being tempted above your capacity to resist because every one of those temptations there was always a way out there. It's usually that first bite that gets us into trouble. I don't know about you but when we go to a restaurant and we can't do a lot of that right now in california but when we go out you know we'd be done and someone would say. Do you want to get dessert. No nobody wants to certain in the it comes. Can i tempt you with the desert and even use the word tempt and their voice even sounds like that presents. Tempt you and it says okay. We'll have one desert with five forks right so the desert arrives and i don't even want any of that desert and everybody's digging in and then i decided to take one little by the moment i take that i i'm a shark smelling blood. In the water. I go into a feeding frenzy and so it's good for me to not take the first bite. It's good for all of us to not take the first look or play around with that thing or think we can conquer it like that guy with humphrey the hippo. We need to keep our distance. Qatar's put a hedge of protection around every believer in the story of job. Which is the oldest book of the bible..