36 Burst results for "Six Months Ago"
Hear 75-Year-old Jeannie Rice's Inspiring Journey to Marathon Success
"To the show Jeannie. It's so nice to have you here. Well thank you for having me. Jeannie I read your story in runner's world so I really was excited to have you agreed to come on the show. So how did you get started in running? It's a long story but I'm gonna make it short. Like 41 years ago, it's going on 41 years already I've been running, I made a trip to my hometown Seoul, Korea and I came home a few extra pounds. I would say five six pounds because I was just traveling and visiting family and you know even every day it's like a feast right? So I am a short person I'm only 5 '1 and the five six pounds was a little I felt like I was a little chubby so I started jogging around the blocks and then I got hooked and I decided that I am pretty good at it running before you know it and I was in a five mile race in local race and then I did very well at the time I was 35 years old and I was a brand new runner I just starting to jog a couple three months and I came in fourth in my age division it was a big race actually so I thought oh if I train I guess I can run faster so that's how I got hooked so a year later I did math on 1984 1983 I start running 1984 I did my first marathon and six months later first marathon was 345 and then six months later I did 316 which qualified for Boston at the time I was only 36 years old so I did go to Boston 1985 that was my first marathon and I got hooked so I've been running since then and my children were already older a lot of people a lot of girls I would say when they start younger age we know they get married they get you know have a children's they take some time off between their pregnancy or whatever but I was already I had two boys already they were already older so I just never stopped as I've been running 41 years straight Wow and your time hasn't really changed now has it because I looked at some of your times yes you know it's interesting um a lot of people my competitor now and they used to be some of them I mean one you know particular lady and from London she was Olympian years ago she was her best time is like a 240 something but now she's running my pace 330 ish but I never was there faster so I haven't slow down much let's I'll put it that way my first marathon was a 345 and then I got better to 310 but I never went under three hour so now I slow down a little bit 1015 minutes 40 years later I'm still running 330 math that's so incredible
Fresh update on "six months ago" discussed on The Breakdown
"For all the bluster and frustration of this new Treasury proposal that we covered yesterday, it still, even here, feels like we are sort of turning a corner towards real action. It's messy and gross because that's the nature of Washington, D.C., but it's just hard not to look at everything happening, from markets to legislation and beyond, and not feel like we're headed into a very, very different 2024 than the year we just experienced. Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Friday, December 1st. Happy December, everyone. And today we are talking about, of course, Michael Saylor and new all-time highs for the ProShares Bitcoin Futures ETF. 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, the sun goes up, the sun goes down, and Michael Saylor buys more Bitcoin. On Thursday, MicroStrategy disclosed that they had purchased an additional 16,130 Bitcoin throughout November, worth around 608 million at current prices. Their average purchase price was around 36,785. So this tranche of Bitcoin is already slightly in profit. Overall, MicroStrategy's massive war chest of 174,530 Bitcoin now has a cost basis of 30,252 dollars, a total of 5.28 billion spent on Bitcoin acquisition since MicroStrategy began buying all the way back in August 2020. Indeed, it looks to most observers like MicroStrategy has now made through the most difficult part of their Bitcoin treasury plan. They've survived the crypto winter without running into problems with debt servicing, and Bitcoin is 25% above their basis, giving them a comfortable buffer of safety. Now, MicroStrategy has been consistently buying small amounts of Bitcoin throughout the bear market, but what makes this purchase significant enough to cover is its size. Over the previous four months, MicroStrategy has added 6,607 Bitcoin, a little more than a 4% addition to their portfolio. This month's buying has massively ramped up, adding more than 10% their holdings in a single month. In addition to the outsized Bitcoin purchase, MicroStrategy announced another round of share sales. The company will offer up to 750 million in Class A common stock in order to fund. According to the filings, MicroStrategy will use the proceeds of stock sales to fund general corporate expenses, including the acquisition of Bitcoin. The company also flagged the potential to repurchase or repay outstanding debt using the cash raised. There are issues of convertible notes coming to maturity in December 2025 and February 2027, which carry interest rates of 0.75% and 0% respectively, so it could make sense to plan to eliminate this debt rather than roll it over at much higher interest rates. Now, the responses from the community are pretty much exactly what you'd expect. Shapeshift founder Eric Voorhees writes, Within a couple of years, MicroStrategy will hold more Bitcoin than most sovereign nations can afford. What a Chad! Dr. Jeff Ross of Valeshire Capital said in a recent interview, I think Michael Saylor is the Warren Buffett of Bitcoin. I'm talking about old-school Warren Buffett back in the 60s, 70s, and 80s, when he was a stud hedge fund manager. He knew when to sell shares. He knew when to buy things cheap. He knew how to get 50% CAGR returns in the old fiat market. I think that's how Saylor is. Dan Held simply summed things up, saying, Save some for the rest of us. Now, others looked at this in terms of ETF competition. Assassin writes, The MicroStrategy and Saylor's playbook. Do whatever it takes to get more BTC before the ETF. Master is basically an ETF with no fees, but nothing beats your own Bitcoins with your own private keys. Adam Cochrane writes, This is probably Saylor's last chance at a raise to up the Bitcoin holding, right? After this, the ETF exposure is going to be safer than his offerings. Even if he offers bonds, at this point, who wants a low fixed return with the risk of Bitcoin when they can get the upside of the same risk profile more easily? Today's episode is brought to you by Kraken. For far too long, the whole financial system has been standing still, too slow, only on for certain hours, overly designed for some types of people, but not for others. Crypto, at its best, represents progress. It asks the question, what if? It invites people in instead of leaving them out. It's on 24-7, 365, and moves at the speed of real life. Not everyone believes it. We've got our fair share of detractors, but that's the way it always is when you're building something new. Kraken is a crypto company that has been through the highs and lows of the industry, facing forwards towards progress throughout. And now they're inviting us to see what crypto can be. Learn more at Kraken.com slash the breakdown. Disclaimer, not investment advice. Crypto trading involves risk of loss. Cryptocurrency services are provided to U.S. and U.S. territory customers by Payword Ventures, Inc., PVI, DBA, Kraken. Now, speaking of people positioning in advance of the ETF, ProShares Bitcoin Strategy ETF, which was, of course, the original U.S.-based Bitcoin futures ETF, has hit an all-time high in assets under management this week. The fund's AUM rose to $1.47 billion, exceeding its previous high recorded in December 2021. BITO was launched in October 2021 and was one of the most successful ETF debuts in history. The fund accrued $1 billion in assets under management in just over two days, beating the old GLD Gold ETF, which took three days to gather $1 billion in assets following its 2004 launch. ProShares were able to launch their fund with a few days head start on competition, establishing it as the dominant Bitcoin ETF in the U.S. with no major rivals. Since then, many have questioned how suitable the futures-based ETF structure is for the average investor. The cost of rolling futures contracts means that price tracking decays over time, making the instrument much more suitable for shorter-term trades. Regardless of shortcomings with the product structure, BITO has remained popular since its launch, indicating that it said in a statement, investor demand for BITO remains strong, as shown by the ETF reaching a new high in assets under management. We believe this speaks to the demand for a familiar, accessible and regulated way to target the returns of Bitcoin. Hyman also noted that the unique product has performed well within the vast array of ETF options in U.S. markets, stating, BITO's daily trading volume of $160 million since inception puts it in the top 5% of all U.S. ETFs. Meanwhile, the spot Bitcoin ETF applications continued to show promising signs. This week, Grayscale and BlackRock have attended meetings with the SEC to hammer out the fine details of their applications. BlackRock has now been to the SEC offices multiple times to discuss their preferred mechanism to create and redeem shares in the ETF. They appear to be insisting that they should be allowed to receive and distribute Bitcoin directly rather than the mechanism deal exclusively in cash. Now, on Tuesday, the SEC delayed their decision on applications from Hashkey and Franklin Templeton. These delays were announced well ahead of the deadline, which is a change in behavior from the regulator. There are now no further decisions to made by the SEC until the final deadline for the ARK 21 shares ETF on January 10th. Analysts note that these early delays mean that public comment periods for the entire batch of ETFs will be closed by early January. The SEC has never approved an ETF while the public comment period is open, so this would present the regulator with an opportunity to approve all of the funds at once ahead of the ARK 21 shares deadline. Now, this approval timeline only applies to 19b4 rule change filings, so the SEC could continue dragging their feet on finalizing S1 prospectus filings. That means that even if the ETFs are all approved in early January, there could still be significant delays before trading commences. It's also by no means a guarantee that the SEC will approve spot Bitcoin ETFs. However, the amount of work being done by the agency to engage with asset managers this time around is completely different to previous attempts to get a spot Bitcoin ETF off the ground. James Safart tweeted this morning, Window is officially Jan 5th to Jan 10th. Really, this means that any potential approval orders are going to come on either Monday, Jan 8th, Tuesday, Jan 9th or Wednesday, Jan 10th. Mark your calendars, people. Now, of course, there is a lot of sentiment swirling like this from Space Pixel who writes, You are not prepared for how insane next year is going to be for crypto. Fed pivot, Bitcoin halving, ETF approval. The super cycle is still here. What's more, it's not just the plebs chattering. Standard Chartered is the latest traditional financial institution to publish a bullish Bitcoin report. Bank analysts double down on their earlier call from April standing firm to their price target of one hundred thousand Bitcoin by the end of 2024. The report noted that Bitcoin velocity has fallen to historic lows as hodlers continue to stack. Analysts wrote historically low Bitcoin velocity indicates a significant change in sentiment compared to the last bear market cycle. The cited catalyst was the same as every other bullish report over recent months. The launch of Bitcoin ETFs in the US, which the report said are, quote, likely to come sooner than expected. The report stated, We think a number of spot ETFs will now be approved in Q1 2024 for both Bitcoin and ETH, paving the way for institutional investment. Put simply, everything is working as expected. Bitcoin's dominance remains intact. Its share of overall digital assets market cap has increased to 50 percent from 45 percent in April. Now, similar to recent Bitcoin reports from JP Morgan, this report isn't important because it says anything particularly novel, especially for people already heavily involved in the industry. Instead, it's worth noting because it's designed to communicate to the customers of a gigantic international bank, many of whom will be considering a Bitcoin investment for the first time. For example, while it might seem obvious to people who follow crypto news that spot Bitcoin ETFs are likely to launch next quarter, the results of Bitwise's recent survey showed that the majority of investment advisors still don't expect them until 2025 or later. British Hodl did an interesting summary of the situation. He wrote, Standard Chartered, almost a one trillion dollar asset manager, putting out a note to its clients saying they think a Bitcoin ETF will be approved in Q1 of 2024 is what you would call institutional prep work. They are now talking to their clients like this is a done deal. It means they want their clients to be completely accepting of it when they get on the phone and pitch an allocation to it. In Bitcoin Twitter, we like things to move in a fast and abrasive way. That's not how institutions work. This note is the institutional equivalent of telling someone, you better have your money ready when I come asking for it in Q1 of 2024, but in an institutionally forceful way. They're all doing it. What do you think happens to a client when they've been prepared to allocate for months through reports and the client's internal mantra is, OK, Bitcoin ETF is coming in Q1 of 2024 and then two months go by, ring ring, hi, it's X from SC or BlackRock or Fidelity, Bitcoin ETF is ready, want me to allocate for you one percent of the fund? The response is, sure, because they've been prepped. They didn't give a damn what Bitcoin was six months ago, now they've just allocated four hundred million to it. It's all marketing and it's forceful and it's happening right under your nose if you can understand the language. Every institutional note you see about Bitcoin ETF coming in 2024 is prep work. Now, to the extent that there is any drag remaining on the industry, it's obviously what we've talked about over the past couple of days, the continued antipathy from parts of the Biden administration, which remain relentless when it comes to this space. Now, following the Treasury's bombshell crypto illicit finance proposal, which we covered extensively in yesterday's show, pro crypto Congressman Tom Emmer had some stern words about the policy appearing at the Blockchain Association Policy Summit yesterday. He said, I've always had this attitude. Beware of the self-proclaimed savior that rides in on a white horse and tells you I'm here to protect you. Now, of course, key to the Treasury's proposal was a massive expansion of extra jurisdictional enforcement power over internationally issued U.S. dollar stablecoins. The Treasury had justified this power grab by vaguely referring the proliferation of terrorist financing and crypto. Emmer noted that the Treasury had failed to provide a timely response to a request to quantify the amount of terrorist financing that flows through crypto networks and said, Tell us what the issue is first. They want to swallow this all up into the surveillance security state that they've created. We just can't let it happen. This is Congress's purview, not theirs. Senator Lummis said her negotiations with the Treasury will be much more limited in scope than the expansive proposal focused on the smaller area where there is general agreement. She said, I'm going to be looking specifically about what they recommend with regard to mixers and tumblers to see if that's an area where we can sit down with the Treasury. You'll remember yesterday I said that there are plenty of people who think that there are holes and gaps in the regulation that need to be filled, but that that's not a justification for a massive expansion of power. Indeed, one of the key takeaways from Wednesday's proposal was that it was specifically asking for new legislation to explicitly grant additional powers, which does mean that the proposal's success will hinge on the Treasury making their case to Republicans appear to have given up on advancing crypto legislation this year. This is really to the surprise of no one who's paying any sort of attention. Both the standalone stablecoin bill and broader market structure regulatory legislation passed the committee stage in July and is eligible currently to be introduced for a vote on the House floor. Since then, however, an endless string of dumb and dumber crises, including a pair of government shutdown debates and the replacement of the House Speaker, have kept lawmakers away from the job of, you know, making laws. House Digital Assets Subcommittee Chairman French Hill said at a blockchain association event on Thursday that voting on the bills are now likely to be delayed until early 2024. Appearing at the same event, Senator Cynthia Lummis spoke to leadership squabbles within the GOP, stating that, I think, sent us back a little bit. Democrat Representative Jim Haim said he saw the stablecoin bill as particularly likely to see progress early next year. Haim has taken the lead on negotiations on that bill after senior Democrat Maxine Waters withdrew her support. Haim said that getting Waters back on side and presenting the bill strong bipartisan support could be critical. If this happens, he said, a Democratic Senate sits up and takes notice. Now, Haim's was not positive that crypto legislation could pass in the Senate without this kind of demonstration. He said, on the other side of the Capitol, the weather is uglier. You could see a path, but I think it probably starts with a strong bipartisan vote in the House. Now, previous whispers indicated that a deal might be open with Senate Banking Committee Chairman Sherrod Brown. The contours of the deal were that Brown might consider supporting crypto legislation in exchange for House Republican support for his banking reform bill. Lummis said that Brown's committee, quote, has been a tough nut to crack. She noted that Wednesday's crypto illicit finance proposals from the Treasury could be an indication that the administration is now open for negotiation on crypto policy, adding the White House could influence the Senate. Speaking to the recent finance settlement, French Hill said these kind of examples of bad behavior in the industry, quote, only reinforces that we need to do this and do it the right way. He said that the absence of regulations, quote, is what's going to advantage illicit finance. Kirsten Gillibrand, a pro crypto Democrat senator, warned that the process of getting crypto legislation on the books will likely drag out a while longer. Passing laws, she said, takes time. Not that many people care about cryptocurrency. The rest of the country doesn't know what you're doing. Indeed, one of the most promising pathways to a vote on crypto legislation would be attaching it to another must pass bill. That's the strategy that House Financial Services Committee Chairman Patrick McHenry is employing in an attempt to get the legislation passed early next year. McHenry is currently trying to attach the crypto market structure bill to the Goliath Annual National Defense Authorization Act. That massive omnibus bill has over time become the de facto funding mechanism for the entire government. It routinely features hundreds of proposed amendments and is frequently used as a consolidated mechanism to force through a legislative agenda that would struggle to pass a standalone vote. Senator Brown, however, reinforced his chambers anti crypto position in comments on Thursday, stating there's no way we're going to pass any industry written crypto bill. It's never going to pass. Probably the House. It certainly won't pass the Senate. This is, of course, part of the reason McHenry is trying to pass the bill as an NDAA amendment. As a committee chairman, McHenry has veto power over amendments dealing with financial issues. McHenry is currently threatening to veto four amendments proposed by Democrats and appears to be using this leverage in an attempt to finalize a deal. And so I think you can see here for all the bluster and frustration of this new Treasury proposal that we covered yesterday, it's still even here feels like we are sort of turning a corner towards real action. It's messy and gross because that's the nature of Washington, D.C., but it's just hard not to look at everything happening from markets to legislation and beyond and not feel like we're headed into a very, very different 2024 than the year we just experienced. However, that is going to do it for today's episode. I hope you are heading into a wonderful early holiday weekend. Until next time, be safe and take care of each other. Peace.
A Young Fire Spouse's Journey With Her Husband's Cancer Diagnosis
"A few episodes back we sat down with Diane Carter and she shared her story of her husband's line of duty, panther diagnosis, and her relentless pursuit of making turnouts safe and just exploring PFAS and all that fun stuff about exposure in the workplace. If you haven't listened to that podcast, we definitely recommend it. And today we actually have another first responder spouse, Brittany San Pedro with us to share her story about her husband's line of duty cancer diagnosis. Brittany, welcome. Thank you for having me. Brittany San Pedro is a speech therapist assistant, wife to a firefighter and a mom. She has been with her husband for 10 years and has an 18 month old and another one on the way. In late October of 2019, Brittany's husband at the age of 30 and 10 years into his career noticed a small lump on his collarbone. After several tests, he was diagnosed with stage two Hodgkin's lymphoma. He was the first line of duty cancer diagnosis in the history of Greeley fire department. Since then, many changes to screening and early detection have been made as a department. As a result, several malignant polyps, skin samples and ultrasound readings have potentially saved the lives of other firefighters within the department. Today, Brittany is sharing her story to help anyone who may feel alone or scared, especially after a health diagnosis. She also wants to encourage change and promote the importance of regular screenings and early detection. Okay. So tell us your story a little bit, the whole thing. We want to hear it. My husband came home one day and just kind of mentioned like, Hey, I got out of the shower at work and I just noticed I had a bump on my collarbone. And he's like, you know, I haven't had my yearly physical. I'm going to go in, have it checked out. And you know, none of us, we weren't really worried. And we were just kind of like, okay, he has a bump. We're going to go check it out. And his general practitioner ran blood work and then started him on antibiotics thinking it was just an infection. His body was fighting something and blood work came back fine. It didn't go down with the antibiotics. At that point, they did an X -ray. Everything looked fine. The blood work looks fine. And his general practitioner asked him what he did for a living. And you know, you fill out that survey, you tell him what you do. And he's like, you know what? We're going to, we're going to keep going. We're going to keep looking. If you're fine with that. You're a firefighter. It just makes me sit better if I, if I keep digging a little bit. And he kept going in for appointments. He then got an ultrasound done. After the ultrasound, he scheduled an appointment for a biopsy to have it looked at. And at this point we hadn't even heard the word cancer yet. I at the time was a special education teacher at a school across the street from the hospital where he was having the biopsy done. He texted me and let me know he was going in. He was super nervous. I let my co -teacher know, Hey, my husband doesn't usually have his feelings out like that. And lets me know that he's there. He's like, that's fine. Go. I ran across the street and he went back. Everything was fine. He came back out and then he just had this look on his face that I'll never forget his eyes started welling up with tears. And I guess the doctor who performed the doctor tech who performed the biopsy, you know, before his doctor had a chance to say anything told him, yeah, this is pretty typical for lymphoma. And both of us were just kind of like, what is happening? What's going on? We were hit by a bus. We didn't even know that this is something that they were looking for. And we called our closest friends, our little mini fire family. And we were like, Hey, we need support tonight. And in a minute, everybody was together at one of our friends house and everybody was just talking trash about the guy who stepped out of his scope of practice and said some things he maybe shouldn't have. And we were like, it's not going to happen. He's too young. He's healthy. There's no way. So a couple of days went by, we got a phone call saying that the doctor wanted us to come in, even though it was his day off and usually not a great sign. So we were a little nervous going in. And then when we sat down, he let us know that they, they did find it to be Hodgkin's lymphoma and that they needed to start figuring out what stage he was at coming up with a plan, trying to figure out everything. And we were both strong until they asked us, you know, are you guys, you guys are young. You guys just got married, just bought a house. Like you, are you guys wanting to start a family at some point? And I just started bawling because I already knew what was coming. And he said, I recommend that you reach out to a fertility specialist, if that's something that you would want to do. And you start reaching out to all your resources. And we did, after that, he started chemo in like less than a week. It was probably like four or five days. And he had chemo, he had it on Christmas. He had it, like he started in November, had it for about six months and then took a little bit of a break and then started radiation. And then after he went through radiation, his end date was March 14th, 2020. And then right after that, the next day the world shut down, but it was just, you know, for us, it was just amazing because he never, we never went to an appointment alone. It was just such a somber time. We were just had this dark cloud of stress and not knowing and anything. And at the same time when it was so dark, such a beautiful thing, because we had the department bringing rigs and down we packed that cancer center and, you know, we had some of his best friends, like his best man and another Lieutenant was there at every single one of his chemo appointments. And, you know, everybody kind of band together for him. It was kind of, it was a beautiful thing to see everybody supporting each other and making sure that he was never alone. You know, the Terry Farrell Fund reached out right away. You know, they did a cut it for cancer for him. It was just something that they hadn't ever experienced before at the, this department. And we were, we were just kind of overwhelmed with all the support that we had,
147: Peacemaking in Paris: The Treaty of Versailles - burst 2
"Today is a story of peacemaking, particularly 1919's of six -month Paris Peace Conference culminating in the Allied Powers Treaty with Germany, the Treaty of Versailles. And it has a lot of moving pieces. We'll start with the U .S. midterm elections of 1918, which could impact the Senate's future choice to ratify this treaty or not. From there, we'll join Woodrow Wilson, who's personally representing the U .S. at the conference, to push his 14 points, especially his League of Nations. But can the idealist American out -navigate Georges Clemenceau, who wants to punish Germany and dismantle its military capabilities? What about the smooth -operating Welsh wizard Britain's David Lloyd George? We'll find out as we hear what their conflicting values and goals yield amid talks of a League of Nations assigning quote -unquote mandates in the Middle East, Africa, and the Pacific as Georges and Woodrow's timbers flare over German and French territory. And of course, as we learn what this conference ultimately asks, sorry, demands, that the Germans sign in the Palace of Versailles Hall of
Mike Agugliaro Talks Jealousy, Envy, and the Dangerous Game of Comparison
"Got a privilege to have Mike Agigliaro here with us today, and Mike owns a few companies. He owns the Food All Group, and he also owns Business Forge, which he'll probably talk a little bit about both as we do our podcast today. But Mike, I know you've been in the business, you've been in the heating and air and plumbing business, and you've purchased a few, you've sold a few, so you've definitely been in the industry quite a while, which we'll talk about. But we were on Facebook the other day, several weeks ago, and something came up about a subject about jealousy and envy. And I mentioned something, and that's kind of how we started talking. But, you know, jealous and envy has been around since Adam and Eve. I mean, that's what happened in the garden. Cain and Abel were jealous of each other, the first two kids from Adam and Eve. And as business owners, it's really easy to get our eyes off what we do every day and start looking at other companies, which I advise not to. But what is your opinion on that? What does it do for the business owner, the company, and everything like that when we start doing that? Yeah, well, I used to tell people the most dangerous thing is Facebook because it created this comparison effect. And the comparison effect is when you think someone else has something that you should have. And I think it's, you know, if people don't know how to control it, what they do is they have this, they live within this fantasy of seeing people, right? You see people, it's back. If I do a post about something about, you know, life by design or compelling your life to go to the next level or connecting deep in your relationship, I get two or three. And I think people have this kind of fascination to what they don't have because they're stuck in this wanting to have this emotional, immediate gratification, right? It's probably like we all have a buddy bought a boat, real excited, tells everybody about the boat. He's buying the boat. He has the boat six months later. No one cares. No one even knows about the boat. No more. It sits, it's growing weeds. He don't clean it no more. And his wife can't wait to get it out of the, out of the backyard and scaling companies. If we go into it, you deal with this, you deal with this a lot with people looking at you and right away, they want to say, you know, if you're a big company, you must be a thief. That's what I dealt with all the time. Right. And it's, and I don't know why, I really don't understand that, but it's human nature a lot of times because when you're achieving and you're making things happen, I often say you're a moving target and you've, but the best way to keep from being shot is to keep moving upward. So, you know, what harm, what harm does jealousy and envy cause for the business owner? Yeah. Well, people become very, you know, first off they become this whole jealousy and, and goes into this world of judgmental, right. And, and, and cast, casting judgments on what they think is true versus not true. And, and when I scaled, I built a company called CEO Warrior. I built that company which was to help the plumbers, HVAC, electricians, pest control people. And I built it to show them a different way, a different way of thinking. I don't know about you, Greg, but like, if I can get people to just change their framing in their mind, I can easily teach them marketing sales and operations. Like that's just a, that's a basic functions of a company, but to get people to think different. So when I started working with, you know, smaller companies now they scaled so many of them scaled, I mean, 50, over 50 companies that I worked with before I exited the company, sold in the last 30 months and became, and 90 % of them became deck of millionaires. I used to tell people, tell me how you, how do you act when you're in the office? And what they do is they, they, and this goes to the point of jealousy. There's oh, so and so around the corner, they got 50 trucks. And the reason they do that is because they charge too much and they, they pressure sales people. And, but it wasn't true. I'm not saying it's not true for any company, but it wasn't true. They just needed to, what is it? They were casting these stones, right? And I said, well, what about this? What about if we shift our framing just a little bit? And instead of looking at them at their, their bad and they're doing things wrong, why don't we ask them what they're doing?
A highlight from Episode 129 - Gitcoin - Elevating public goods with decentralization, quadratic funding, and community coordination
"You know, there are so many neat things that people are trying already. You know, like, for example, we ran around for a community group in Oakland, who had funding from their local government, it was basically all community organizations. You know, so really cool to see that play itself out. Even before we went down this road, Milwaukee was already doing some experimentation with quadratic rounds for very sort of niche applications, like helping people in Denver, Colorado, whose restaurants were struggling during the pandemic. We did a support for Ukraine round that was kind of a targeted approach at funding for that particular use case. But, you know, I think then another neat thing that's happening, which you may not even have heard about yet, is we now actually have a direct grants platform, which means it doesn't use quadratic funding. It's basically a way to use Web3 rails and all the existing tools, but just run more of like a traditional grants program. But I think we might start seeing things like people using quadratic voting to make decisions about how to give out the money amongst a smaller group of people internally. And so you might not be harnessing the wisdom of the crowd, but you can still have that transparency, that accountability, you know, all that kind of nifty stuff that comes along with using these tools. And also anybody who's created a grant proposal on builder potentially can apply to an even bigger number of different types of opportunities. So, you know, so I think, you know, we really, you know, are so just lucky to have such an innovative, creative, thoughtful global community. You know, like, we just saw a round run in Latin America where like the majority of the grant proposals were in Spanish, you know, and like we frankly, don't even have the resources internally to like provide support and documents and web pages. They just did it themselves, you know, which is so cool to see. And I think we're going to just see more and more of that. Like there's a Chinese community round that's happening. I've heard there's an African continent round that people are talking about, you know, basically any issue or cause you can think of, you know, there's probably somebody out there thinking about how they could run a grants program to do something about it. You know, and if somebody out there is listening and has some nifty idea, even without a big matching pool, like, you know, just like even a small amount of money that you put into a matching pool, or even just creating the space for people to give to something that matters, like even without a matching pool, I think can just be a really powerful thing. You know, there's something about just kind of creating the container for the conversation to bring the people together. And, you know, the neat thing about these grants programs is like the grantees are the ones who do a lot of that organizing, who bring their community with them, you know, and often do actually do a better job of supporting and onboarding people and creating guides and documentation and all that kind of good stuff in a way that makes sense to their community. So, yeah, I think it's super exciting and I definitely think about it a lot. Yeah, no, totally. I can see the excitement just as you talk about it now. And I think that, you know, what you said around the grantees is spot on too. It's just really cool seeing like how they've all kind of stepped up and contributed to the Gitcoin community in different ways, whether it's creating these educational onboarding materials, setting up one -on -one calls with people to walk them through getting a wallet set up and a passport set up, you know, which is fantastic. It's been really, really powerful. And, you know, obviously we have another Gitcoin granting round coming up November 15th, I believe you said was when it was starting, which is really exciting Gitcoin grant round 19. 56 million plus in funds allocated, really incredible. It's really been a catalyst for thousands of early stage Web3 projects. For those listening that haven't yet participated in a Gitcoin grant round, but are interested in maybe becoming a grantee, they have a really cool public good project, but maybe they're a little nervous. What advice would you give them? Yeah, I love this question. So a lot really depends on sort of what your starting point is, you know, so maybe slightly different advice, depending on like, you know, if you've already got a DAO that you're a part of, you know, you've got friends in the Web3 space, you know, I could definitely give some very specific advice for those folks, you know, versus like somebody who's brand new to the space, doesn't have an existing community. I think there's a place for everybody in Gitcoin grants rounds. And a big part of what we try to do as Gitcoin is like level the playing field, make sure that everybody has an opportunity to get in front of an audience, you know, that grantees can be discovered based on the kind of the quality and interest of what they're building. But yeah, I'd say the universal stuff, you know, it's very much like any community organizing or marketing. Like, you know, think about the picture that you put up as your picture, think about how you summarize the information in your grant proposal, think about the title that you use, good to have the name of your organization, and something to do with your value proposition. So people, maybe they're just looking for you by your name, and they know who you are, and they can find you that way. Maybe they've never heard of your project, but they're interested in your value proposition. So trying to be succinct and having both those things, kind of without needing to click away and go read it, you know, also that like, there's a bit of information that shows up kind of above the fold, as they say, like, you know, kind of in that little preview window, if you have a good little TLDR, that's like, this is what we're trying to do, this is how we intend to do it, this is why we're doing it, whatever you think is important for people to understand, like, I'm trying to raise this money so I can do this, you know, the more that you can be super clear about, like, by next round, or by six months from now, I hope to have accomplished this, and you can follow along and and sort of follow that journey. I think that's really important. Also, if you've been a grantee for more than one round, I know we're talking about new grantees, but updating people is super important, too. They sort of haven't seen that you've done anything with the funding, people start wondering, you know, like, you know, what are you really doing with this money? Should I give again? But I would say for like, people who in particular, who might be nervous, who don't have a web3 community, I would say like, there's a lot of people who are super supportive and helpful in our community. Like, so starting by coming to like our Twitter spaces, the Gitcoin hosts, which you can follow along at the Gitcoin Twitter account, and we're always announcing when the next ones will be. Also, you can usually find there's like a grantee support page, where we have like an event listing, which you can find linked to right off of the main Gitcoin website, gitcoin .co. So I mean, just follow along there, you know, and that can give you a sense of like, just if you just show up, you know, I can tell you that we are super friendly and supportive, you know, and you can just like come and talk about what you're working on, or even just listen for a while and see how other people are doing it and get comfortable, I think people will get a sense that it's a very welcoming and friendly space. You know, but also, like, there's a million, maybe not million, there's definitely tons of these Twitter spaces being hosted by people. If you're not already active on Twitter, I hear you, there's a lot going on in the world. And Twitter is not always my favorite place either these days. But, you know, it happens to be where a lot of the crypto community is, you know, definitely wherever your community is, like, try to bring them on board. But it's a lot easier to get donations from people who are already familiar with crypto, who are already familiar with Gitcoin than it is to like, you know, take somebody from never even having a wallet to like setting up their first wallet funding it, you know, connecting to passport going through all those stages. Definitely great guides out there. You know, I think it's a great idea to like host onboarding sessions or like office hours to help people in your community might want to support you. But definitely the lowest hanging fruit is the existing Gitcoin community that's quite active round after round. And you can find those people on our Twitter spaces, you can find those people, you know, in various discords, but also on the Twitter spaces that other people are hosting. And, you know, and I'd say one other thing I would throw out there is Telegram. All these tools that, you know, if you're from outside the web through space might be a little bit daunting. But you know, if you just join the Gitcoin Telegram group, there's so many people providing peer support, helping each other answering questions. Like if you just jump into that thread, which again, you can find it directly through our homepage, you know, you can from there, like find people who might want to help you with what you're building, or might have a similar project and want to collaborate with you, you know, or, you know, want to attend your Twitter space if you host one and invite other people. So yeah, I would say just like, focus on the people more than the technology. And like, figure out where the low hanging fruit is of like, where those people are that, you know, might be interested in working with you and supporting you. And don't hesitate to reach out and like DM people and, you know, and ask questions. You know, like, I'm always happy to chat if I can find the time. You know, definitely lots of people who are doing their project for the first time reach out. And like, you know, even share what you're thinking about posting in your grant proposal with others like, you know, there's no wrong time to do that. Even if you're listening to this right in the middle of an active grants round, and you missed the opportunity to apply, it's not too late to get involved to start listening to those Twitter spaces to join the Telegram. You can even post your grant proposal and then just apply three months from now in the next round. You know, so can't hurt to like, just moving start things forward, start onboarding your community, start playing with the tools yourself. Really helps to actually go and donate yourself to if you haven't before, because having done it yourself, you can then help other people do it more easily. Yeah, definitely. That's great advice. And you know, I think me personally, I only participated in two rounds, but was really kind of involved more as a community member and like just kind of listening in and being a part of the community before then, right. And it was a great way for me to learn and to kind of get my feet wet a little bit and to see what's going on before diving in headfirst. So great advice. Thank you so much for sharing that. As we near the end of our conversation, there's one thing I want to ask you about. I know that web3 can obviously be very stressful, fast paced, especially, you know, during Gitcoin grant season two, it can be feel like a bit of a sprint, especially for I imagine, the team that's working on the back end. You're also big, I know that you're a big advocate for getting outside for nature for laughter is the best medicine. I know you like to post some videos of you juggling, you know, by the lake is kind of a way to disconnect. Tell me more about how you stay grounded in this busy world of web3. Because I know that there's something that a lot of people struggle with. It's hard, man, honestly. And I can tell you, like, having spent much of my life working on, like, what feels like really life and death issues a lot of the time, like, this is definitely something I've struggled with for a lot of my life. I've definitely gone through cycles of burnout and like, you know, all that, you know, I would say just like, trying to not take everything too seriously, trying to take a step back and see everything in perspective, you know, surrounding yourself with like, friends and family that like, know you and love you and support you. You know, like, getting outside every day really makes a big difference to me. You know, my dogs are a big part of my life. You know, and they're, they're really a gift, because like, they demand that I take them outside. So even if I'm not feeling like going for a walk, they always do. And, you know, I feel like, basically, like, I having like a stressometer, you know, like, if you can sort of like monitor how you're doing, and when you get past like a certain threshold, like, just knowing that it's always okay to just like step away for a bit, you know, even just like, you know, just putting everything on pause and taking three deep breaths can go a really long way. But you know, like, I definitely feel like you really genuinely recharge your batteries by like going to a park or, you know, like the whole touch grass drink water thing like you have to take care of yourself to be able to like, you know, take care of business. You know, so like drinking lots of water or like, I mean, it sounds like, you know, sort of trite or soundbites or whatever, but I think it's really true. You know, and the older I've gotten, like the more just I haven't been able to just continue to like push indefinitely, you know, like that it used to be that I would just burn the candle at both ends and like, you know, it's like, I don't really need to go to bed at a reasonable time. I'll just stay up all night every day working and, you know, operate on zero sleep and not eat enough food and, you know, go for drinks at lunch and you know, like it just like all of that catches up with you after a while for sure. Totally. So I mean, like, as much as everything feels really urgent, like I think if you think back on what felt urgent, like six months ago, three months ago, month ago, even a week ago, sometimes, like a lot of the times things seem a lot more urgent and a lot more stressful in the moment that they really are. You know, so like just trying to have that perspective. And like, yeah, just, you know, take the time that you need to like pace yourself. That's, that's, you know, it's a marathon, not a sprint, that whole thing definitely can feel like a sprint. But, you know, even during the grants round, it honestly, it is a marathon. Like, you know, it's a, it's a couple of weeks with like, at least a week or two on either end of like, preparing and unwinding. And, you know, especially for our team, like, you know, I worry, even when I see like myself or other team members, like pushing a little too hard. And definitely, we see that with grantees too. But yeah, I mean, maybe just get off Twitter. I mean that, you know, the algorithms have a way of like, sort of sucking us back in, keeping us engaged. So, you know, like, you know, spend some time, more time on Farcaster or Lenster. You know, like, there's a lot of good vibes out there too, if you're in the web3 space. And honestly, I think there's a lot of alpha to be had in those social media networks too, that like, because it's a much smaller community, you can really focus on like talking to people who are working on similar things without a lot of the drama and chaos. And, you know, so like, even just making some little adjustments to how you're sort of spending your social media time, I find that pretty helpful for me. I actually hang out on Mastodon a lot recently, because it's an old school decentralized platform with all kinds of interesting people, and definitely different perspectives that I'm not hearing all the time in crypto Twitter. So yeah, I don't know. Everybody's got different things that are going to work different for them. You know, if you were having this conversation with one of my coworkers, you'd say meditation, you know, spend an hour at least every day meditating. You know, another coworker of mine would say, go dancing every night. You know, like, so I mean, you know, just like, I guess, like, figure out what it is that like, brings you joy outside of the space and like, force yourself to do a little bit more of it. And I think the end result is like, you'll actually find that your project is more successful, you're showing up with just like better vibes in general, and, and that resonates out and draws more people in and, you know, so, you know, there's even self -interested reasons beyond just like your health that I think, you know, people will notice if you if you make that little extra bit of effort not to burn yourself out. And if you are burning out, like, take some time away, like it, you know, might feel impossible. Like I definitely can relate to that. It feels like every time I take a week off at Gitcoin, I come back, it's a different organization that I left. But, you know, if you're in the right place with the right people, you need to trust that, you know, things are going to be okay. And, you know, if you're not feeling that way, like, maybe that's an indication that you should be thinking about if you are in the right place. And, you know, maybe there's a lot of different orgs, a lot of different, you know, things that you can get involved in, like, don't feel so trapped in the moment, especially for a lot of the younger people in this space, like, you know, don't have a mortgage or kids that they have to take care of, like, you can take those risks, you can make big changes, you can step away if you need to and experiment, explore other things, like, you know, give yourself that permission when the consequences are not nearly as severe as, you know, it will be like when you're, you know, in your 40s or 50s or whatever. Totally. Yeah. Yeah. That is some great advice. Well, thank you for sharing that, all that. And I can definitely resonate with a lot of that, especially the dog part. I have a very hyperactive black lab who I need to get outside at least for three or four walks a day. So it's been, oh, and there's my cat poking its head in the door right now, just on cue as we talk about pets. That's hilarious. So yeah, great advice. Thank you so much for sharing and so important in this, you know, rapidly growing, fast moving space. So it's been a pleasure just learning from you and hearing everything you've had to say. I've learned so much just from this short conversation. Obviously, we weren't able to cover everything. So for those listening along that want to follow you get in touch, learn more about Gitcoins work, what's the best way for them to do that? I am at Ben West on Twitter, because I was lucky enough to have a friend who registered my account for me in 2008. And I'm the same pretty much everywhere. I think Benjamin West on Telegram. I actually, if you go to my Twitter, I have like one of those link tree type things that you can click on it, I'll show you like a bunch of different places to reach me. But Twitter, Twitter definitely works. And probably most people listening to this are active on Twitter. So yeah, come find me there. That's probably the easiest one. Drew, thank you so much for doing what you're doing. By the way, I think you have crypto altruism is great. And the people the interview are super fascinating. And, you know, so so I'm, it's an honor to be part of your podcast. And thanks for doing what you're doing. Yeah, well, thank you. That means a lot. It really does coming from coming from you to hear that I really appreciate that. So thank you. And thank you for sharing all that information. I'll make sure to include that in the show notes for those listening along. And to wrap things up on this amazing conversation, I'm definitely going to have to take some time to reflect, you know, after after this conversation, because so many really cool things we've talked about. I like to ask everyone the same ending question. If you could name one thing that excites you most about the social impact potential of web three, what would it be and why? Hmm. And that's a tough one, because there's so many things that excite me about it. Truth be told, if I could pick one thing that excites me the most, but the thing that excites me the most is the opportunity for communities to empower themselves and accomplish their goals. Like I, you know, when I see projects come into reality that, you know, may not have otherwise that, like, are possible, because of, you know, whether it's Gitcoin grants, or just web three tools in general, you know, that excites me, there's, there's a lot of specific use cases that really are close to my heart. But like, I think the thing that's underneath all of it, you know, is that sort of cultural shift that, you know, that we talked about earlier, like that, you know, idea that decentralization really matters that, you know, individuals should not just be treated like cogs in a machine. You know, and I think for so many of us, we live in these worlds where like, our work day to day is not fulfilling. And, you know, we feel like we're not treated with respect. And to me, that just really sucks that that's fundamentally where we're at in our world. Like, you know, we've kind of democratized so much of our world. Yet, like, our work is this one place that is fundamentally undemocratic, fundamentally exploitative, often, and extractive. And, you know, and like, I think there's a way to change that, that's outside of these kind of old, like, left right socialism, capitalism paradigms. And like, to me, that's really exciting, because I feel like we've been trapped in this kind of debate that doesn't really go anywhere for a really long time. And like, there's a lot more nuance to be had in terms of like, how markets can be used by communities in positive ways, and how people can empower themselves, you know, by using some nifty tools and kind of working together. And, you know, really, just by all of us believing in this thing that we're doing all kinds of amazing stuff as possible. So yeah, I think that's really at the core of what excites me the most. Yeah, that's such a good one. And I couldn't agree more. I think that, you know, Web3 is such an interesting kind of confluence of so many different people and ideas and, you know, philosophies that it's really cool to just kind of be able to build and without kind of having to go through those same debates over and over again. So that's a great point to end on. Couldn't agree more. Ben, it's been an absolute pleasure. Thank you so much. Really enjoyed this conversation. And thank you for all you're doing to uplift public goods, Gitcoin and yeah, and to inspire so many early stage projects and builders. So thank you work you're doing. It's been an inspiration to me personally, and I know for many others as well. So thanks for being here today. My pleasure. Honestly, it's an honor and a privilege. And hello to your cat there who's joining us for the tail end. Yes, he always likes to make an appearance. Thanks, Ben. A huge thank you to Ben for coming on the crypto altruism podcast. Whenever someone asks me why I love the Web3 community so much, I typically point to Gitcoin grant season. It's a true testament to the power of decentralization and leveraging the wisdom of the crowd to fund what matters. Gitcoin is an incredible catalyst for public goods in Web3. And if you are listening to this between November 15, and November 29, then GG19 is live and you have an opportunity to participate by sending a VONATION to your favorite projects. So make sure to check out the show notes so you can follow along and get involved. And that brings us to the end of today's episode. Thanks so much for joining on the crypto altruism podcast. I had a great time and I hope you did as well. For more great content exploring the intersections of Web3 and social impact, check us out at crypto altruism .org. Also, if you love what you heard, I truly appreciate it if you rate, review, and subscribe to the show. You can also support the show by buying us a coffee or making a small crypto contribution. Crypto altruism runs on the support of community members like yourself and everything helps. Thanks so much for joining us and I hope you'll join us again for our next episode. Until then, let's keep showing the world the good of crypto. Thank you for listening to the crypto altruism podcast. Be sure to subscribe so you can stay up to date on new episodes as they're released and check out crypto altruism .org for more inspiring content.
A highlight from LST9 The Passion of St. Therese The Letters of St. Therese of Lisieux with Fr. Timothy Gallagher Discerning Hearts Podcast
"The asserting hearts .com in cooperation with the oblates of the Virgin Mary presents the letters of St. Therese of the suit with Father Timothy Gallagher Father Gallagher is a member of the oblates of the Virgin Mary a religious community dedicated to retreats and spiritual direction according to the spiritual exercises of St. Ignatius of Loyola He is featured on several series found on the eternal word television network He is also author of numerous books on the spiritual teachings of St. Ignatius of Loyola and the venerable Bruno Lanteri founder of the oblates of the Virgin Mary as well as other works focused on aspects of the spiritual life The letters of St. Therese of the suit with Father Timothy Gallagher, I'm your host Chris McGregor So this is May 9th of her final year she dies September 30th The symptoms are not yet at their worst. It's tuberculosis. It was tuberculosis that would take her life We've mentioned earlier from a very early age Therese, she had bronchitis every winter and she had whooping cough very often For several years the sisters had already noticed that her voice would get hoarse in the morning and in the evening Her cousin Marie who was the daughter of the pharmacist and whose letters are very helpful because she has a bit of the Doctor's eye and she describes more clearly than any of the others the symptoms Therese is undergoing as she's writing to family members and others They were worried. They could see that something was not right and a year earlier on Holy Thursday and Good Friday. She has that coughing up of blood Which almost incredibly was not taken as seriously as it should have been Now Therese herself to be fair in all of this Therese herself is in part if we can say this of a saint to blame because She minimized the symptoms she hid them as long as she could in fact when she had that bleeding She never said anything to her sister Pauline who only found out much later because she didn't want them worrying about herself and She struggled to keep up with the discipline and the the daily or Arrium and so forth of the monastery Carry out her tasks even at times just even to walk up the steps. She would almost have to stop at each step She would go through the day with fever and chills all of this has been going on but The symptoms will get to their worst in August where she has a month of excruciating pain But the tuberculosis is progressive and what it's doing is it's eating up the lungs and it's progressively getting harder and harder for her to breathe So a book by this Bishop whom I mentioned as perhaps the primary scholar of Therese He's not a dry academic he loves her and he writes well about her and with great knowledge This book is entitled the passion of Therese of this year, and it's by Bishop Guy Gaucher G -a -u -c -h -e -r And in one chapter in this book, he describes the symptoms that Therese undergoes with the tuberculosis So he entitles this section here from Therese words. I didn't expect to suffer like this. Oh Some of the remedies that were done and Therese bore them She knew they were going to be useless She's like her mother in this. Zelie never had much faith in the remedies The doctors would offer. Of course medicine was not at its present level at that time I'll only mention one of them which is just kind of hard for us to imagine It was called pointe de feu points of fire and what would happen was they thought to increase circulation to help the body a Needle would be heated to where it was red -hot and it would be applied to the skin of the person and Therese had this done several times up to 500 applications of these needles like this Now you can imagine the condition in which she would return to her her room or her infirmary the infirmary She bore all of these things, you know gives a whole new meaning to her expression about thousand little pinpricks. Oh My goodness, is that a possibility of something that I mean in that experience, I mean it gives it a whole new dimension, doesn't it? Well, it's really hard for us to imagine You know the kinds of things that end and diet foods that were just very difficult for her to eat and so forth You know it was and some other things I won't get into all the details But part of her martyrdom is really the only word for it Was the medical attention such as it was that she was given because she was also left without medical help At times when she desperately needed it and also morphine was available to sedate pain But the superior never allowed it now to be fair to the superior when she later herself She died of cancer a very painful death. She would not use it herself It was just considered something that nuns would not use, you know So it was not as though she was simply being cruel to Torres and although in effect it meant that Torres bore excruciating pain with no mitigation at all in these last months of her life But it was not necessarily out of bad will There were also other things involved There was a doctor who was the regular doctor for the Carmel and who was a friend of the superior and good man One of his sons was a priest But when he was away at times a family doctor that this actually was the husband that her cousin Jean married Could have come and helped but the superior just really didn't didn't want that So especially during that month of August when she went through the worst of her pain She had no medical attention during that time. Can I ask you this? I mean What would those sisters going through her blood sister is going through watching this? With this superior that didn't seem to be responsive. I It was terrible. In fact Surreptitiously on a few occasions they mixed a little morphine into drinks and things they did the best they could To try to help her in that situation. This was Torres of the child Jesus and of the holy face very much It's her passion. That's the title of this book that we're quoting So I'm just going to list the symptoms now these symptoms as I'm as I'm saying We're not yet at this stage in May when the letter that we're reading was written But they indicate throughout this time to res continued to respond to letters there was a seminarian Maurice Belair and The very nice book has been written on this by Bishop Patrick Ahern. That's Maurice resin Maurice the story of a love a seminarian who was really struggling Wrote to the Carmel asked if a sister could pray for him the prioress asked her as to do this So in this last year and a half or so of her life You have this handful of letters that he writes And then her response. It's always the same he respites rights discouraged by his failures He writes back to encourage him. God is calling you to be a saint. I know it you can do it But especially for this I'll just quote this one instance because his need was so great in the midst of these kinds of pains And with a trembling hand with the pencil Torres would write sometimes even lengthy responses to these people So that's when you read them on a page. It looks like they're nice Sedate letters that that was not the case All right to describe the symptoms of the tuberculosis So the bishop says fever and profuse sweating for six months So that does include this may that we're looking at Torres suffered from a fever which fluctuated Sometimes her back was burning like fire Sometimes she was perspiring so much. She became dehydrated Digestive troubles Torres suffered frequently from nausea often losing her meals even before she became bedridden The doctor prescribed milk for her. She had never liked it. She could not digest it She continued to take it forced it down knowing what would happen Respiratory troubles as the tuberculosis spread through the lungs Torres suffered pains first in her right shoulder and arms then in her left side the continual cough emaciation Strikingly when you look at the photos of Torres and this is typical from what I've read about this her face looks unchanged Her face looks healthy and all the photos that you see and in fact This was one reason why many of the sisters didn't really believe she was very ill to look at her She seemed fine So she didn't get a lot of sympathy from many in the Carmel as as she went through this But underneath the habit she was becoming a skeleton Normally the face of a person suffering from tuberculosis takes on certain characteristics, but Torres face remained almost the same Her voluminous Carmelite habit hid her thin thinness and her face was full Only her thin hands betrayed her That's all you could see through the habit and gave the lie to the healthy look and the emaciation itself caused various afflictions weakness powerlessness and distress People suffering from tuberculosis like this obviously would have deep emotional discouragement and depression and pain They did the prodigious remedies customary at the time but ridiculous today do anything to alleviate all this suffering Basically the answer to that is no that they really didn't do much Right, that's and of course add to this that Torres is in the heart of the spiritual darkness at this point Which is centered on? This sense powerful in her that heaven is not real that when we die everything is over and She is making more acts of faith as she'll say than ever in her life at this point She writes these lovely poems about eternal life the sisters comment on it and she says I am writing about what I wish to believe So she is this is a martyrdom, you know This is a passion that Torres is going through and that's the context of this letter that she's writing So this is the second Person this case already ordained a priest that she was asked to accompany spiritually and it was a father Adolph Rulong Who was destined for the missions in China where he actually spent 13 years? He stopped by the Carmel at one point can't say that he and Torres actually saw each other because the grill was in between Although they tried to work it so that Torres was the last one.
A highlight from The Best Altcoins To Buy This Week! (Act Fast)
"This may not be the optimal market to start DCAing into coins for long -term holds, but right now is the optimal time for trading with a lot of amazing trade setups presenting themselves every single week. So in today's video, I'm going to run through the 14, yes, 14 trade setups, all of which are long setups this week, because you know what happens when you try to fight the trend, you get wrecked. This is a market where as long as the uptrend lasts, is your friend until the end of the trend. And that means we long more than we short. So today I have 14 long setups I want to discuss with you. Most of the setups are a little bit shorter term, like mostly focused on this week, but a couple are a little bit longer term, I would say like in the three to four month range. Not focusing on super long term trades here, but still definitely going to have some alpha for you in today's video as to what altcoins I think could be part of a rotation. As we're seeing right now, basically narratives hop from narrative to narrative as traders seem to be rotating profits into different sectors. And we're going to discuss where I think that rotation could take us. 14 very different altcoins in today's show. We're going to cover a couple narratives like gaming, like ZK, and hopefully you enjoy. Smash the like button if you are enjoying the content at the moment. Let's just start with Bitcoin. An interesting observation to make on Bitcoin is that the last time it had four consecutive weekly candles in a row to the upside, as you can see, like we have currently gotten, it actually did this in early January and ended up reversing for two weeks before continuing an uptrend. So I mean, just because it happened once doesn't mean we're necessarily going to get like a sustained pullback now. But I think what needs to happen and what the market is already starting to show us with weekly open here is that Bitcoin needs a little bit of a cooldown. Now a cooldown is not bad for altcoins. A cooldown, if Bitcoin just moves sideways, maybe a little bit down is actually good for altcoins because it gives the alt some breathing room. It takes the wind out of Bitcoin sales a little bit and gives the alt some room to run. So what I want to see longer term is definitely a sustained increase in Bitcoin dominance that shows liquidity is flowing into Bitcoin. And then eventually I want to see that siphon off into the alts. So I actually want to see dominance pushing up to 60 % for a really healthy market. So altcoins can have a sustained run. But for now, if Bitcoin just cools and alts run a little bit, that's okay for now. Another interesting thing to note is that Bloomberg analysts still expect a 90 % chance of a Bitcoin spot ETF approval by the 10th of January. At the moment, the SEC has another five days to approve an ETF. If they don't approve it, then they're going to have to delay until January. So we could see an approval this week. I don't think this will be the case, but it is a possibility given the fact this week we are in an approval window. So definitely look for some volatility on Bitcoin. All right, let's get into the official list of altcoins that I'm looking at my weekly watch list. By the way, this is a show that I've been doing pretty much every week, but obviously now there's extra attention on the show because we're finally getting some market movers. If you looked at my watch list last week, basically I think six out of the seven tokens that I listed all ended up in profits. We had some amazing trades from that watch list. So congratulations to everyone that got involved there. Hopefully from this week's watch list, similarly, we have some good trades that come out of this one as well. The first place I want to start is ThorChain. What you need to understand about ThorChain is that it's the ultimate bull market token. Because of its reflexive mechanism, the more capital that goes into Roon, basically the better the yields end up being because they need to incentivize LPs to stake tokens in the pools to balance out the Roon LP because Roon is pumped in price, right? So when you have a higher APR, a lot of people ape into Roon, increasing the TVL. We can see the TVL is skyrocketing at the moment, as you can see here. And what that means is that Roon has this really explosive effect, this compounding effect, this flywheel when the market starts to deposit into Roon. So Roon is actually pretty much the ultimate bull market token. In a bear market, it's the opposite. It's one of the worst tokens because it gets hit really hard the other way. When the Roon price is going down, the yields tank. A lot of people exit the ecosystem because remember, to facilitate omni -chain swaps, what Roon does is it basically has LPs where you're required to hold an asset one to one with Roon. So if you want to swap from, let's say, Ethereum to Bitcoin, you're going to need in the omni -pool your Roon pairing with Ethereum and Bitcoin in order to facilitate that swap. So that's why in a bull market it does really well and in a bear market it does really bad. Because we're in a bull trend at the moment, Roon is clearly performing really well. It's one of the strongest performers in the market at the moment. And for that reason, if we do see a pullback like we're seeing right now, this is one that I'll look to ladder into on continuation. As I mentioned at the start of the video, this is really a traders market and it's a market where you probably want to be longing more than you are shorting. And when we're longing more than we're shorting, we want to look at the strongest coins. There are a few rotational players that I want to talk about but you generally want to look at the strongest coins and on any major pullbacks you can use them as dip buying opportunities, not for spot but for trades only. So depending on your risk tolerance, you can use different amounts of leverage. Some people, if you have more capital, you'll prefer spot trading. For me, I actually do a fair bit of spot trading so I might go in with a bigger position or a low leverage position because I don't want to get wicked out like we saw on the 10th of November. But here are some levels that you can look at to enter Roon on the pullback. The major level I'm looking at is this cross section here between the horizontal and the upwards diagonal trend which comes at around $4. If Roon somehow makes its way back down there, I don't think it will. This would be an amazing zone to do some buying. If not, then you do have this zone right here at the 4 .7 area that could be an interesting look as a small ladder in zone. You could probably ladder in here and then your last gasp is at $3 .60. If it starts breaking this trend, then that looks really bad that it's just going to reverse all the way back down. I don't think that's going to happen though. I think momentum for Roon has been upwards and as such, we should treat it with respect and it's certainly what I'm looking to have a nibble at if we continue to get any sort of sustained pullback in terms of trading, of course, not long -term. Long -term positions will be on more key high time frame supports. If you want to learn a bit more about that, I actually uploaded a video called If You Miss The Crypto Rally Follows This Exact Roadmap, which talks about long -term investing. So today is the short -term show. Yesterday, if you go onto the channel and go onto my playlist, and there's also a playlist linked in the description, that will give you a roadmap for the spot side of things. In terms of buying spot Roon, you want to be doing so on key support levels on the higher time frames because we don't like to buy long -term positions on the shorter time frames. It just doesn't make or the lower time frames. It just doesn't make any sense, right? 4 swaps an interesting play now starting to wake up as well being the main decks on Roon. This is definitely a 4 beta play or a Roon beta play rather. So 4 is definitely what I'm looking at in a similar gist to what I'm doing with Roon. Any major pullbacks probably going to gobble them up from a trading point of view. And you can also see they closed with an all -time high trading volume right now. A lot of people are actually using Roon to swap, which is an amazing thing and great for the ecosystem. So that's Roon. Now I want to talk about Solana because Solana is in a similar position to Roon in the sense that being one of the most explosive price movers. But it's kind of an interesting spot, right? Because it's come all the way up from what $15 to $53 in price. It actually hit $60 for a brief period of time. Spot holders don't know if they should take profits here. Traders don't know if they should be longing here. It's kind of in a weird position. But if we look at Sol, we can see that it broke above the key weekly resistance at the $48 level. So for me, a pullback into this zone similar to a buying opportunity, because I think what tends to happen with these coins is the most explosive move happens last. We haven't, I don't think seen that blow off top yet. And I may be wrong, this $65 zone could have been this blow off top. But I still have a feeling that we get that final thrust from Solana that just squeezes all those shorts that are now starting to pile up a little bit. And that will be your final blow off top for Solana. So because I think there's a tiny bit of juice left in the lemon here, I would be looking at any major pullback similarly to Rune continuing to ladder in until the trend reverses. Happy to kind of lose a bit of money trying to play this game considering that the upside is fairly immense in my opinion, if you can hit that trade. So Solana is one that I'd be interested in longing on a major pullback. You know the key level on the weekly. Obviously, you want to confirm that with lower timeframe trade setups because you have a fantastic level to look at. And on let's say the one hourly, the four hourly, that's when you'd actually be entering. Okay, let's move on to a new subset of tokens. These are the tokens that haven't moved. I know Rune and Solana have moved aggressively and we are playing the by the dip game, I guess on those ones. But some of the coins I want to talk about now actually haven't really moved. Now they have moved because the whole market's moved, but just not as much like Polygon hasn't done a 5x like Solana has or you know, 6x, 7x like Rune has. It is significantly up of course, but there is a really interesting narrative starting to brew here and that's the ZK narrative. So if you actually remember back to earlier in the year, January, February, some of the strongest performers alongside like AI and LSDs were the ZK coins. There was a lot of ZK hype and Matic being your biggest coin in this ZK basket of coins tends to be a market leader and it also happens to have this big announcement happening on November 14th which is garnering a leader of the ZK sector if ZK starts to wake up. Because right now we're in this rotational market, we saw Solana rotate into Avalanche, we saw that rotate into Phantom, we saw gaming pop off, we're seeing all these narratives pop off, AI popped off last week. I think next, a narrative that hasn't really popped off, but one that did in January is ZK. So Matic's definitely one of them. In terms of trading this, you do have your major support at 76, but what I would be more interested in is a break of the 92 cent level on the four hourly. Any confirmation above this level would be a decent entry in my opinion and you can see this level mapped out on the daily chart as your key resistance that we're currently trying to test at the moment. If we break that level, then suddenly we can look at a scenario that happened earlier in the year in February, as I said during that ZK run, where Matic ran all the way to 150. A 150 Matic in this run is not out of the question at all. In fact, I think it could happen if ZK gains steam. So that's what I'm keeping my eye on. Now let's talk about some of the other ZK protocols, but before we get into that, while we're speaking on the topic of Polygon, if you do want to earn any yield on the Polygon side, you can go to the farming page on SmartX, which is one of our official show partners. It's an AMM, which reduces the negative effects of impermanent loss and sometimes leads to impermanent gain that currently offers some of the most competitive, in fact, the best rates on the Polygon side for yield farming. So you can see in front of you, you've got 30 to 40 % APRs on a variety of pools, which as I said, have a mechanism which reduces impermanent loss, which is obviously one of the biggest headaches when it comes to Lping in crypto. So I highly recommend using the link in the description below to check out SmartX if you are interested in farming, or you can also do swapping on SmartX and get some of the best swap in the market as well. Link in the description below to check out SmartX. I've got some big announcements coming soon that I'm excited to share with you as well, so stay tuned for that. So let's talk about some of the other ZK protocols. So if Matic starts to make a run here, what will I long? Well, I'm going to long the leaders. I'm not going to try and pick the laggards in this sector. I want to pick the strongest coins in this sector. If we look back to the last run, as I mentioned at the start of the year, some of the best performers were Mina Protocol, Loop Ring, Nute and Dusk. So these are the ones I'm looking at because the market's really familiar with them. I think there's a bit of synergy here with that narrative in these coins. So those are some of the ones I'm looking at. But whatever leads in this sector after Polygon, those will be the ones that I'm interested in. And you can see Polygon and Immutable, the two biggest ZK protocols have run, but a lot of the others haven't run yet. So I think it's a narrative that's flying slightly under the radar, but I think it'll catch up quick once it starts to gain steam. So as a rotational play, this is definitely one that I'm interested in this week. Another one I'm interested in, which is already starting to pump, but probably has a little more upside left in it, is Sei Network. Now we know how explosive these career pumps have been in recent times. Pretty much every token that's been listed on Korean exchange a bit has exploded. We saw this earlier in the year with Sui and Aptos. We've recently seen it with Mina Protocol. Now we're on its pair on Upbit. So Sei is definitely one that I'm watching. It's catching a strong career pump. It has moved, but Sei is what I would call a new coin, right? It's a coin that has launched in the bear market. It's newer. It has pumpermentals because there's less underwater bag holders, and it still is down from its original trading price on its first day. Not from IDO price, but from the peak that it hit on its first day because it had a huge pump, ended up coming back down. It did hit its low of, what is it, like 0 .09 here. It's now started to move back up to 0 .15, but that's less than a 2X on a coin that has, as I said, pumpermentals. It's obviously a trading blockchain built in the Cosmos ecosystem. So some interesting stuff with Sei. If you do want an entry here, I mean, you could look to get an initial position, but if you're using leverage, you want to be careful. I mean, this is kind of not really a great place to trade. Obviously on one hourly, you might be able to find, it depends how, like if you're trading breakouts, you could probably look for like a breakout of this trend here. By the time you're watching this video, it might be too late. So the best I can do for you is actually looking on the four hourly and showing you these key support levels. The 0 .1344 level, if we do get some sort of confluence with the horizontal and diagonal trend here, this would be a great pocket to buy in. But any zone along this major support zone will be an area that I load up, but it does depend on your trading strategy. If you are a high leverage trader, you want to be a lot more precise. Me, I'll either go in this with spot or super low leverage. So I'm not so concerned about getting the exact entry. I'm just trying to really catch it for the uptrend. So depends how you trade, of course, if you're trying to snipe that entry, got to be a lot more careful. For me, a much lower leverage than your average person because I found that's what works for me because I don't have time just personally to sit in front of my computer all day and snipe entries. That's not me. I much more size. So let's say instead of taking a 2k position, I'll take let's say a 10k or a 15k spot position. And then I can't get wrecked on margin, which has been helping me a lot. Or I'll just go in with like a 3x leverage position. So it would take a lot to shake me out of a trade. So that is one I'm looking at. Similarly to say another coin that has pumpamentals and has shown this in recent times as another new coin is Celestia. Remember guys, the new coins can pump so much harder than all coins in the market. That's why I've been saying for a long time, you should definitely keep your eye on the new coins from both accumulation and a trading perspective. Celestia, by the way, is one if you've been following me on Twitter that you may have gotten an airdrop for because I did an airdrop guide last year and I included Celestia and this could end up being one of the most lucrative airdrops of the year. Congrats to anyone that watched that guide or watch my tweet and got involved because right now if you held your Celestia bag, you'd won to $2 ,000 but for some people it could be a lot more if you use multiple wallets. So I think this one is fantastic and there's a few people that have been coming out and saying that it's this cycle's soul. Smartestmoney .eth, it's an account I respect. The number one coin m p &l trader on Binance, that's pretty crazy, that is very crazy actually, has added spot to a massive seed position quote unquote and basically said watch and learn wannabes. These guys out here buying salt while I'm buying the next Solana. Big call but I mean the market cap is reasonably valued 700 mil okay five bill fdvs a lot but we know in the short term the circulating supply definitely goes to dictate how explosive the price moves can be market cap 700 mils reasonable at rank 71 calling it the next soul I don't know I like this one I like it as a spot play but not maybe after this massive pump in terms of a trade though super interesting now actually on support trend you'll notice a lot of coins are following the same trend they have a diagonal up trend as long as they stick to that trend you long if they start to break down below you've got to be a little bit wary but they've also got these horizontal support levels that they make after their retracements so this is actually a good one too long there's a couple of levels here for you to look out for on the one hourly on Celestia so that's an interesting one and let's move into some of the final narratives here I've got two more to share with you and both of these include a variety of alt coins so the first one is perpetuals I think if this volatility is to remain in the market we could definitely see perpetuals performing well we're starting to see a catch up in terms of price and fundamentals despite that not being the case a couple of weeks ago and if you see in front of you volume is performing really well this is purpose trading season this is an on -chain aping season this is the season where people are trading perps I think the centralized exchanges are doing the best that's where most people are trading but I think decks could catch up and for this reason as well as the fact that I think volatility could remain for the foreseeable future I think the perp decks remain super interesting looks at the moment not for short -term trades this week but over let's say the medium term so two to three months maybe even six months so these are definitely ones I've got my eye on dydx I'm going to do a video on this week that's a very interesting trade GMX and gains network being the ones that are kind of your decks perp decks proxies and a few others and as you can see on the weekly a lot of these are barely moved so especially like GMX and games they're a very interesting look in my opinion and if you do want to snipe better entries on a coin like GMX I recommend you use Kyber AI which is a software that basically tells you the momentum of a coin based on a variety of on -chain indicators like the number and types of trades trading volume net flow to whale wallets and what I would do on a coin like GMX is essentially if you're lining up a buy and let's say you want to start buying when shifts momentum what I would look for is a pattern like this where it shifts from bearish into bullish territory now since this video is not live you're gonna have to open your up your own Kyber AI using the link in the description below to see where it currently is but right now this would actually be potentially an interesting place to long GMX if on the lower time frames it lines up with what the Kyber score is showing which is basically bearish price momentum shown by a strong reversal so heading back into bullish territory as you can see buys are now starting to outpace cells and volume is also up ticking across GMX all of those are metrics that go into the Kyber score Kyber score is one of my favorite metrics in crypto if you go to rankings you can actually sort by market cap I love doing this so I go more than 500 million for the large caps that you can actually trade perps on and you can see which coins are looking the most bullish this can help you get entries in the market especially in a bullish market like this searching for the bullish coins can be an amazing way especially using on -chain analysis to get better trading entries so link in the description to check out Kyber AI it's an extremely useful tool especially for confluence with getting trading entries and crypto bad to subscribers will get early access versus the rest of the pack so link in the description below of course it's free so not showing you anything paid it is a free service to use the last narrative I want to talk about quickly is one I think people are forgetting about it has had a bit of a pullback um but it's the gaming narrative into YGG the reason I say people are forgetting people aren't forgetting about gaming there's a lot of talk about crypto gaming on twitter but I think they're forgetting about one of the biggest gaming conferences in five days time starting on November 18th it lasts for a week there definitely could be some I mean a lot of the major projects are speaking there so there could be some interesting announcements and even if not I think there's bound to be hype into that conference so for that reason definitely keep your eye on the gaming projects there's two in particular that I like YGG because it's their conference and this is now having a pullback into a decent zone in my opinion and also GMT which on the weekly and I know once again you don't enter short -term trades on the weekly but on the weekly if it can pull back down into this pocket at 0 .22 and confirm this is support and if you line that up with your lower time frame indicators of course that could be a decent zone also to enter a GMT trade so gaming is something I'm not going to fade the bees are kind of going from one narrative to another but gaming is one that I've got my eye on ahead of the conference so I hope you enjoyed this video these are all the narratives I'm looking at right now mostly short -term some medium to long -term hope you enjoyed this was fast it was alpha packed let me know in the comments below if there are any other coins I should look at and I'll see you in the next one. Peace out.
A highlight from If You Missed The Crypto Rally, Follow This EXACT Roadmap!
"If you're feeling lost or underexposed after the recent crypto rally, then you've come to the perfect video. Because today, I'm going to be outlining my roadmap for crypto riches in the next bull run, running you through the five steps that you can follow to build the ultimate bull market portfolio. Yes, you haven't exactly timed the bottom correctly if you're watching this video and you don't have all your entries, but no, you haven't missed out on the opportunity to capitalise next bull run, as I believe this market in the right conditions can go much, much higher. And we can see if we look at the YouTube views, which is pretty much the ultimate retail indicator, retail is still hardly back yet, Bitcoin is sitting above $37 ,000. So the amount of potential this market has to grow once retail comes back in leads me to believe there are still massive opportunities. So there's no need to panic, no need to FOMO if you haven't got your entries yet. But what you must do is come up with a sound accumulation plan to make sure that you're building your portfolio in the right way for the bull run. And that's exactly what I'm going to run you through. In today's video, there are many ways to make money in this market, you can scalp you can day trade, you can swing trade, you can airdrop farm. But in today's show, I'm going to be focusing on the investing side of things, the slightly more passive side things that doesn't require you to pick it up as a full time skill. Yes, it's going to take some active portfolio management, if you really want to build a successful portfolio, but it's not as time intensive as some of the other strategies that you might be following in the market today is purely focused on the long term investment side of things, how you can build an underlying portfolio to keep yourself steady and maximize upside for the next bull run, whilst also building a nice foundation for if you do want to trade and if you want to do anything additional that you can stack on top, I believe this strategy is complimentary to trading strategies in the market. So it's not a one or the other thing. But it is about setting up some nice foundations. So in light of that, where do we currently sit? Well, although the altcoin market has had a pretty big pump and Bitcoin has had a big pump, I believe we're still in an accumulation phase. Technically, we are still in the year pre halving. And typical Bitcoin bull run peaks don't tend to happen until the year after the Bitcoin halving, which would be 2025, late 2024, when things really start to pick up. Of course, every cycle is going to be a bit different. Maybe we are seeing things shift a little earlier, maybe not, maybe it shifts later, we can't time it exactly. But what we do know is generally, we are in an accumulation phase. So the goal of an accumulation phase is to stack as much crypto as possible via any means possible. The way you do this is obviously where all the nuance is. And this is where you're going to exhibit the difference between the 2x return next cycle and a 20x return next cycle. I think if you stick to the principles in today's video, there's a good chance that you can be aiming for that 10 to 20x portfolio value next cycle versus many people who are just simply going to ride it all the way up and then end up round tripping it all the way back down. Because accumulating through any means possible doesn't mean just accumulating after every pump. There's actually a strategy that I want you to follow in order to get better entries on altcoins. And that's what we're going to talk about now. So the first thing that you need to do if you want to build a successful portfolio is create a watch list. It sounds so simple, but it's something people often get wrong. They see these new coins cropping up on Twitter, they get tempted to ape in, when in reality, you should have a really organized for system having your watch list. So before you even think about buying, make sure you have a clear watch list identified. And this process can take months, this process can take years. But what happens is as you research, as you watch more videos, as you experience new things, as you learn things, you gradually refine your watch list, you get rid of coins that maybe aren't performing so well, and you add coins that you find out about that you're bullish on, and eventually you end up curating a really nice watch list. So the easiest method to start with when it comes to building a watch list, this is even before we get into any of the buying stuff, is to start with the individual sectors or narratives. So what I would do is I would pick two to three verticals you're most bullish on and start your research there. Niche down into two sectors that you really, really believe in. Some of the examples of the sectors that I find interesting are in front of you. I think AI is interesting, real world assets, gaming, ZK, LSDs, DEXs, SocialFi, NFTs, pick maybe two, three of these sectors and really start narrowing in on those sectors. I really like to build my portfolio around these major sectors because I believe crypto doesn't operate in isolation. There are many growth verticals which are going to help crypto achieve massive option, and there are certain growth verticals out of those that are going to end up outperforming. And the ones that I specifically like, I do want to concentrate a bit more of my portfolio allocation towards those narratives. For example, if you're really into crypto gaming, this could be a logical place to start research the gaming space and start positioning yourself there before you start creating a watch list for some of the other sectors. But of course, over time you'll build out a fully fleshed out watch list around all of your favourite narratives. So what I would do to build a watch list, I wouldn't do it in Apple Notes, although you can, I would do it in Trading View because Trading View has this amazing yet very simple feature which allows you to build individual watch lists. I would make a list called buy list or accumulation list. And what I would do is whenever I find a coin that I am interested in buying, or I know I want to buy a coin, I would just add it to my buy list because this will be your list that you know that you can look at every single day in order to monitor those coins and also get your entries on those coins. So having it all condensed in one place on Trading View is really handy. And what you can do is you can sort by colour in one of two ways. You can sort colour based on the narrative. So I can make let's say any AI project orange and any L2 green. Or you can also do it in terms of market cap, have like, you know, red for your large caps, green for your small caps, however you want to colour code it, you can do that to make it easier for you. So then you can go into your red list and your blue list etc. And actually sort by major caps, small caps, mid caps. So organisation is really key here in terms of making sure your watch is super organised because it's going to make it easier for you to actually keep track of this journey. I think most I know it sounds so simple, but most people don't do this. Most people don't have an organised watchlist or an organised spreadsheet. And this is the first step to successful investing, right? If your mind's not organised, how can you expect your portfolio to be organised? I mean, it's just so important. If you do want to fully maximise your portfolio management, because it's not just buying, that's the trick here. It's managing, it's awaiting allocations, etc. So it all starts with having good setups. So in order to do this, we'll head into step number two now. And that's creating a journal in Excel. So after you've got your watchlist into trading view, this is when you want to go a little bit deeper, because the trading view watchlist is the coins you want to buy. But on Excel, you start to enter some logic. So I'll give you an example of how I would do it. I would list all the coins I'm interested in buying. This is a sample portfolio. Then I would have a column which says my thesis, time horizon and invalidation and risks. So for example, for Ethereum, I've written down my thesis, which is it has a diverse ecosystem. It has first mover advantage versus other L1s. It has institutional interest, which is set to ramp up. And it has proven staying power within the industry. I've put my time horizon at five plus years because I view it as an extremely long term bet. Now, obviously, taking profits can happen at any time in between this period. But it's important to have a time horizon established because certain investments will be more trade based and certain investments will be more long term. And I would also put my invalidation slash risk. So for Ethereum, I've said the major risks are it can lose market share to other L1s like Solana, for example. It could have technical risks if there are any major upgrades gone wrong, because I know they're doing a lot of network upgrades. And another risk could be the invalidation of one of my main key thesis points, which is institutions are piling into Ethereum. Maybe they don't choose to or they opt for other coins or Bitcoin, etc. And this would be an invalidation. So I would go through my entire portfolio and I would enter in the thesis for each coin, time horizon and invalidation. Why? Because at any given moment, you're going to be able to go back and say, why did I buy Injective? Oh, it's because this is my thesis. Why did I buy Ethereum? Oh, it's because this is my thesis. And then before you panic sell to rotate into a new hot coin on crypto Twitter, you can actually go back to your thesis and look, okay, am I still bullish? Are the reasons I was bullish then still the reasons I'm bullish now? And you can answer yes or no. And you can tweak it over time. And this helps remind you why you bought a coin in the first place. Because so often people just buy coins because they're hyped. And then they're like, I actually don't understand what this coin does. Why am I holding this coin? Well, that's something you need to avoid in order to create a successful portfolio. Because if you don't have conviction in a coin, how are you going to hold it through the rough times? And who's to say you're not just going to rotate out of it if you don't believe in it to a hotter coin, a shinier coin, if your coins underperforming, right. So it's very important to have everything documented in an Excel or a Google Sheets or however you want to track it. So you actually it's like a trading journal, right? So you have your thesis clearly outlined for each coin. Another thing you can do to go a step further is actually conduct a SWOT analysis for each coin. This is actually an amazing practice that I highly recommend doing. And it basically means once a coins in your watch your trading view watch list, and once you're starting to populate it into the Excel, actually go fill out a form, it can be done on a on a Google Doc, and you can link that into your original Excel. So I'll show you what I mean, you can create another column here, which says SWOT, and then you can have the Google Doc link entered in here, click on that, it'll open up a new document, or if it's on your desktop, then you can link it to another document on your desktop, which basically means you'll you'll have an individual study, a SWOT analysis study for every single coin that you've actually gone and researched. And this is a great learning experience. Because when you're trying to find the strengths, let's say for Ethereum, the weaknesses, the opportunities, the threats, you're going to come across new ideas and new thought processes. And let's say for Ethereum, you can think of the strengths, you know, the opportunities, you know, some weaknesses, but you can't think of any threats. Well, that's a great gap in your understanding that you can explore and prod further. So you can look for counterpoints, you can look for content, which actually challenges your theory, you can ask people in the space. I mean, we I answer a lot of questions and DMS, etc, on Twitter, but I know Randals and the other hosts do as well. And also other experts in those niches, I think are also super accommodating if you have any interesting questions. So by filling out these sheets, you're going to get a much more detailed analysis on your favorite old coins. And this will help you develop your theses as well. So underrated little trick here is to actually do a SWOT analysis for each coin and link that into your spreadsheet. I'm basically trying to practice here healthy habits when it comes to portfolio building, because I can almost bet 99 % of you probably don't have an Excel that has in -depth theses and plans and invalidations for every single coin you hold. Most of you probably just ape into coins on a centralized exchange or maybe on DEXs and that's completely okay. Nothing wrong with that. But I'm saying if you want to maximize next cycle, it's time to level up. It's time to get serious and it's time to plan because if you don't, you'll be left behind and maybe some of you have the taste of being left behind from the past couple of weeks. I know a lot of people have been asking me, you know, have I missed it? Is it too late? Well, it's not too late, but it is going to be too late soon if you haven't got the right plan in place because things can happen super quick in this market as you've seen. So now for step number three out of the five step roadmap. Now it's time to determine position sizing. And this is the most subjective and nuanced step in this video because obviously how much risk you allocate to a low cap will be different from you to the next person, right? Because I don't know your financial situation. You might have a family you need to support, you can't take much risks. You might be young like me and be willing to, you know, risk it all and you don't really care. If you lose money, you may be super wealthy and you're only playing around with 5 % of your net worth. And if you blow it on crypto, you don't really care. To some people, you might really care about losing money, right? And you might want to be a little more conservative. So it really depends on your situation and your goals. Do you want to hit a million dollars next cycle? Do you want to hit a hundred K? Do you want to hit 10 million? Like, it really depends on your situation. So this is something only you're going to be able to work out. But I'll give you an example of how I would determine position sizing. So on the Excel, I would add a column for percentage portfolio weighting. So this number is going to represent your ideal position size for each coin. I'll show you what I mean. So for example, for Ethereum, I've allocated in the sample portfolio 20%. So $100 ,000 portfolio, that would be $20 ,000. And I've allocated percentages for all the other altcoins based on $100 ,000 portfolio. And you can tweak this number as you wish in order to get the representative figures when you make your own sheets. But what this is going to do is give you an idea of how you actually weight risk. Now, how do you determine how much percentage to allocate to each project? The easiest thing to do is break it down by either sector. So you can go like, let's say 30 % towards L1s, 15 % towards L2s, whatever verticals you're bullish on, as we discussed before, you'll allocate heavier to those. Verticals you're less bullish on, you'll allocate less heavy to them, right? But my preferred method is actually not by sector, depends how your brain works, but I prefer to do it by market cap. So large caps, I might allocate 40 % towards, mid caps, I might allocate 30 % towards, small caps, I might allocate 20 % towards and micro caps, anything under $10 million, I'll allocate 10 % towards. So this is one way that can help you structure it. What you can actually do is you can create a pie chart. So once you've got the size right of all the coins, you can create another column, link that to your allocation percentage, and then make a pie chart and actually see how much of your portfolio is mid caps, large caps, small caps, and micro caps. That's a big tip that I have for you, because that's going to help you get a view of how much risk you're taking with your portfolio. And look, as I said, for some people, your micro caps might be 30%. You just might want to hit the lottery next bull run and make 10 million or make nothing and you decide to do that and go, you know, you want to go 30, 40 % on micro caps, knowing that you could blow it all. But some people might prefer to go, no, I like, you know, I'm happy with the three to four x next cycle. I'm just going all large caps. I'm just going to go Ethereum and Solana and a couple others, and that's it. And, you know, make my maybe three, four, five x, I'm not interested in the 100x stuff. And that's completely fine as well. That's why it completely depends on your personal situation. And step number three is the most subjective one. But hopefully just by writing it down and allocating per sector, this gives you a good idea of how you want to structure your portfolio. And you'll get a pretty good feel once you start to track your portfolio in real time, as to how volatile your portfolio is, you might realize it's too volatile, you might realize you're not getting enough upside. So the beta is not correct on crypto pumps. So you'll actually know over time. And this isn't anything set in stone, you can tweak over time, if you want to go more risk on when the market's more aggressive, you can do that. If you want to less risk on when you want to be more conservative, you can do that. No one says your portfolio has to be set in stone all the time. This is where you allocate to fresh accumulation. So now you've assigned your weightings, it's time to plan your entries. How do you do this? Well, you have a trading view already set up. So this is going to be your number one port of call when it comes to market out levels. What I would do is I would go through that entire trading view by list that you've mapped out. And I would set key horizontal support levels on a high timeframe like the monthly or the weekly. And then I would draw in the levels where I would look to accumulate. So let's use dydx as an example, you can go into the weekly you can mark out clearly range lows a dollar range high was $2 .70. And your next major resistance level is at $4 .20. So your green accumulation zone is your ultimate support by this is your range low support. We may not get there. But this is where you want to put in limit orders, right? Your yellow box, you would have a an alert on trading view set up for when we hit this zone. So you'd create a little alert here, it'll ding on your phone, you can say as your message, you can say dydx buy zone. And what this will do is it will track when we drop back down into that zone. So you can and you can also set a limit order there. And then you have your red box, which is the same thing. So when you break above, you get that alert. When we come back down on confirmation, you can make a buyer. So for the green box, this is something you could have set a passive limit order on an exchange automatically do it, you don't even need to do it yourself. Just let it happen. If it gets back down there. For the orange and the red zones on altcoins, these are more active positions. So use the trading view alert function when you get alerted, then you can make your decision on exactly when you want to DCA. But you probably should stick to your plan once you outline it, right? If you if you make a plan that you want to accumulate on the retest of dydx range high, then when you actually get there to the chat to the point of accumulating, don't flinch, like you actually have to follow through on your plan. So what I would actually do is I would even write in some text here, I would go to settings, I would write in some text, I would say accumulate on retest, if x, y and z, you might have some technical parameters that that you want to like add in, if you're a bit more technical, like, you know, I want to see RSI up on the upswing, I want to make sure there's a four hourly confluence with the retest, whatever, all those technicals that you can kind of stack on top. But it's really good to actually write this down. So on trading view for each coin, you're going to have your levels on the weekly on the monthly, like dogecoin, for example, a major support level I would look at is the five seven level, this is an area that I would be interested in setting limit orders. So the more limit orders you can set the better if you can set limit orders on exchanges and just have some capital across a few different exchanges, have your limit order set and forget about it, that's the best, because then you're not going to panic when price gets there. A lot of the time what will happen is price will actually get down to the support and then people get bearish, right? They bearish here, they bearish here, they bearish here, they bearish here, they never want to accumulate in the support range. Then when the price starts pumping, they're like damn next dip I want to buy right and then it goes back down. And then when it dips down, you don't actually end up buying because you're psychology and the back and forth of wrestling with emotion and basically forcing you to buy in when you have a predetermined level that you want to buy in. For the DYDX example, you do have that predetermined level on range low, but because price is pumped, you now have to potentially look at buying on confirmation of the retest of key breaks of resistance levels flipped into support. So this is going to require a bit more nuance than just setting limit orders. But that's just a reflection of where that coins out every coins in a different zone, right? And every coin has a different scenario, like for fracks, you might say, okay, on the break of 760, I want to buy some fracks, because this clearly shows that it's reverse downtrend, for example, and then you would set that order once you've broken above. So it's not a perfect science. But what this does is it kind of forces you to stick to a strategy when the levels are in your trading view, and your plans are predefined before price gets there, then when price gets there, you should just be sticking to your plan. So you should be having a plan for the next six months on levels accumulation across a variety of coins. And you should know exactly when you're buying and you should know exactly what happens if price keeps pumping. What level are you actually going to get interested at again? So let's say the idea smashes through the highs, you know that you're probably going to buy the retest of range high on the high timeframe, right? So have all those scenarios planned out, then you're never gonna have to form it because even if price pumps, you've got a plan for that. And if price dumps, you've also got a plan for that you've got your limit orders, right? So you should be planned either way for either scenario. And if you want to get nuance with timing entries, you can even stack on additional tools like AI, etc. to get better entries. For example, Kyber AI, you guys know how I like the Kyber score in order to track momentum. When you do see a momentum swing on the Kyber score, that could also be an indicator that you can use in confluence with let's say the retest of that range high as we discussed before, in order to get your exact entry when your trading view alert goes off. And you can use all sorts of on chain data to snipe an even better entry. So it just really depends on your level. Some people prefer to be more passive and just DCA and whatever. But if you're a bit more active, you can start to stack these tools in order to get slightly better entries. And for more advanced market participants, a website like Kyber AI, I think is a good one. So there's a link in the description below to get beta access to Kyber AI for free. It's a free platform, if you're interested in that. So hopefully that accumulation plan makes sense. I think it just boils down to take advantage of fear. Typically, these support buys will happen after major sell offs. And the major sell offs typically represent the strongest opportunities in the market. I mean, just look at Solana. The two biggest FUD events were the two events that ended up being the best buying opportunities for SOL. And these were actually areas where I publicly said that I was buying Solana and they ended up being amazing buys up, you know, four to five x now. So buying fear in this market is definitely the strategy when you're aiming to build positions for the long term. Okay, let's go to step number five. Now, this is a really, really important one. This is keeping stables on the side for new projects. So I do this for two reasons. One, some of the best performing projects next cycle haven't even been released yet. Newer shiny objects tend to outperform their older counterparts, because there's less suppressory effect on price, due to the lack of underwater bag holders on new coins versus old coins. So what are old coins, there are a lot of bag holders, they can still explode, it doesn't mean they can't perform well. But just typically new performs can have that more aggressive thrust to the upside because there's less kind of dampening due to supply pressures, right. So keeping stable coins on the side for new projects is really important. Not only because of that, but because of the fact that new projects often solve the needs in the market that the old projects couldn't solve. So they usually launching and not all new projects are good, some new projects are rubbish, but really quality new projects are launching because they know that they fill a gap in the market that other projects couldn't, or they're improving on the technology that other projects have already established. So there's a benefit there as well. And the second reason why I like to keep stable coins aside is because it prevents you from recklessly rotating out of existing holdings. So if you have no capital, you're probably going to be more willing to sell let's say your Solana bag if it's not performing well to rotate into Stacks because Stacks is performing well. But if you have capital on the side, right, you have actual cash, you don't need to sell your Solana because you have cash that you can deploy into Stacks. So you're less likely to rotate out of your Solana into Stacks because you got capital to buy it. So one of the biggest tips for just not giving up on a bag too early is just keeping stable coins on the side. It's such a basic thing, but it's something so many people don't do. They get too greedy at certain times and don't hold enough cash. And then they get to risk off at certain times and hold too much cash. The key is keeping a balance. And I've been in both camps. There's been periods where I've held too much cash. And then there's I've kind of learned my mistake here. And for most people sitting around the 20 % mark in cash is not a terrible idea in terms of your crypto portfolio. Once again, this comes down to your risk tolerance, etc. As long as you have something that prevents you from FOMOing into these shiny coins with old positions, because this happens every bull run, you want to FOMO into the new coins. But it's just better if you if you're not forced to sell. Forced selling is horrible, often leads to a really subpar result in terms of your exit price. Much better just to have fresh capital used that's and reserved solely for the purpose of buying into newer coins. So this isn't to say that you can't tweak allocations over time. I think you should always tweak allocations. As prices pump, you can take profits, rotate into other alts, take profits into USD. As income comes in from other income sources, you can put that into the market. Some coins you might realize, okay, say is not really realizing its vision. Maybe you don't think they're executing very well. The team makes some mistakes. You can actually delete that off your watch list at certain points and add a new coin that you think's better. Like there's nothing saying the portfolio you build now has to be set in stone. But there's something to be said for starting to plan and having a system. Because once you have a system, then you can plug and play any old coins into that system. Once you have your watch list, have your Excel, it's easy to make small modifications versus overhauling the whole thing once every few months. It's better to just tweak it slowly over time. And I think it's actually very smart to make tweaks over time, because that enables you to be adaptive and it means you're not always stuck in old positions that might not be so favorable when there's new trends in the market. So always maintain adaptivity, but don't be rash. That's pretty much how I want to summarize that. I want to give a quick shout out to one of our official show sponsors now, which is SmartX. They actually did $5 .1 million in trading volume this week. So if you are looking to farm, they have a very good system which reduces the negative effects of impermanent loss, and in some cases can lead to impermanent gain across their LPs, across the networks Ethereum, Polygon, Arbitrum, BNB and Base. They recently just jacked up the APRs on Ethereum and BNB. They lowered them on Polygon and Arbitrum. So if you do want to look for some of the opportunities with additional multipliers now, you can look for example, on the ETH side on some of these pools, which have a higher APR. And as I said, it's not your typical AMM. They have a proprietary algorithm which makes impermanent loss less of a headache compared to other AMMs, for example, like Uniswap. And if you go onto their homepage of their website, and you click on simulate the algorithm, you can actually compare the performance of pools compared to pools on Uniswap. So you can scroll through and get some examples to see how SmartX actually works in practice, which is a nice feature as well. So there's a link in the description if you want to yield farm on SmartX, or even if you want to swap, it's also a DEX, of course, that can get you some decent swap rates too. And yeah, just another great week of trading volume for SmartX. So well done to the team over there. And looking forward to keeping on supporting you in the future on these shows. So I hope you enjoyed this video. I hope you learned something. And even if one person watches today's video and builds a nice system, and ends up benefiting that from that next bull run that it was worth my time because I think 99 % of people will be too lazy to do the stuff I talked about today. Because I get it, it's easier sitting back and being lazy. But for the ones that are willing to put in the time and be proactive, you're going to be the ones I think that end up really reaping the rewards of this. So well done to you if that's what you're about to do. And I will see you in my next show, which will probably be on Tuesday. See you later. Peace out.
A highlight from BCB134_ANDY SCHOONOVER: Fiscal & Physical Health
"Which might as well be Darth Vader, right? Like we're screwing Darth Vader, right? Like nobody cares if Darth Vader gets screwed, right? And what we're trying to say is like, no, no, no, you're screwing me, a human being who has to ultimately pay for this. This is the Blue Collar Bitcoin Podcast, a show where average Joe firefighters explore the most important monetary technology of the 21st century. We talk Bitcoin, we talk finance, and we talk shit. Ladies and gentlemen, welcome in. Glad you're here for another week on Blue Collar Bitcoin. This time around, Josh and myself, Dan, got the pleasure of spending an hour with Andy Schoonover. After attending Stanford Business School, Andy has built an impressive entrepreneurial and business resume. Since 2021, he's been the founder and CEO of CrowdHealth, a company looking to completely redefine the meaning of healthcare in today's society. Andy also hosts a great show called the Sovereign Health Podcast, and he's a dead serious Bitcoiner. He recorded this episode from the Bitcoin Commons in Austin, Texas, for Pete's sake. You'll be able to tell right away Andy was practically born with a microphone in front of his face, and this chat was substantive. We cover the importance of creating a work -life balance, why the medical -industrial complex is so opaque and so expensive, and what CrowdHealth is doing to fix it, metabolic health, butt -naked ice baths, and much more. We think that you'll agree after listening to Andy that what CrowdHealth is pioneering is truly badass. If you have healthcare needs, and you want to cut your costs and support human beings rather than large insurance companies, CrowdHealth is more than worth a peek. You can come and go as you please, month to month, no stupid commitments, no confusing bullshit. And if you so choose, you can use code BLUE for a significant discount on your first six months. Lastly, as price starts heading north, I'm going to take time to remind all of you folks to self -custody your freaking Bitcoin. If you don't hold the private keys, you hold a Bitcoin IOU, not the real thing. Someone else is your Bitcoin Dom. Assuming you're not a sub, take custody yourself folks, or at the very least start learning how this process works. Our go -to solution for storing our Bitcoin private keys is the Cold Card. It's extremely secure, easy to use, and Bitcoin only. We've used these bad boys for years. They simply work. You can use code BCB, that's BCB, for a delectable discount on Cold Card, and click the CoinKite link down in our notes to see discounts on a variety of other CoinKite products, including the BlockLocks. Josh, Andy, Schoonover, Daniel, is here. In usual fashion, we just got a lot of good stuff out of the way before we click record, but we'll have to leave that up to the audience's imagination, right, Andy? We got some saucy stuff on the Sovereign Health podcast just before we click record that we can't disseminate to the world, unfortunately, now. We are. It's locked in. We're going to have to tread lightly in this one too, Andy, because we're going to be talking, I'm sure, quite a bit about being paramedics, about our day job. We actually had an incident in our last episode where this happened a couple of times on this show where we get a little too specific and we're like, wait, could that really fuck us down the road if a chief listened to that? We've got to basically go, this happened to someone we know at a neighboring department years ago, whatever story that we're about to just throw out there. Didn't happen with us. It happened with somebody else far, far away. Twenty years ago, we knew a guy that worked somewhere else that once had a patient where this went down. Friend of a friend. Exactly. Yeah. Well, good to hang out with you guys. It's been about, what, about a year since we last hung out. So appreciate y 'all having me on. I think about exactly. Now is the time. You know, everybody's thinking about healthcare for next year. So I appreciate y 'all having me on this time of year. As always, last year was super fun. So I'm sure we will not disappoint this time around. No, we won't. Yeah. We just finished open enrollment at the department. It's like herding cattle too. Like the, you know, they send out the initial email from HR, you get half of the firemen that do it. Another week goes by. You've got stragglers. You got to kind of get the shepherd's crook around their neck, pull them in the pen. It's like when you do a sexual harassment training, you know, nobody wants to do it. Like who wants to sit there and they want to click through, like, don't touch anyone on the penis. Don't look at anyone's ass, obviously like, yes, yes, I know I'll take the bullshit quiz. I'll get 75 % on it and I'll move on with my day. You guys went that direction. I was thinking more like doing taxes every year. Like it's one of those things like you hate doing, you know, we're actually going to put up a post either today or tomorrow on Twitter around, like do this once and never have to worry about it again. Cause we don't have open enrollments at crowd help. Like it's month to month. If you want to quit next month, if you want to quit in four years, you can quit in four years. Our average person's, you know, with us for two and a half or three years or something like that. So, um, you know, it takes five minutes to sign up. You never have to worry about it again. How beautiful is that? That's worth its weight in gold. Sure is. Yeah. I heard you when you were on with breed love, one of my main takeaways that everyone listening is thinking is why is the system and, and even just your plan, take it. If you've had a health insurance plan, an HMO, a PPO, whatever it is, it is one of the most confusing things anyone ever comes across. I consider myself squared away on so many fronts can, can read through these documents, generally understand them when it comes to healthcare.
A highlight from Macro-Economy vs Crypto with EconomicNinja
"All right, so lots of influential factors right now in the markets today from real estate, what we're dealing with, with inflation, and also banking issues that really could affect your strategy going forward around crypto or real estate, all those kinds of things. We're going to bring in a special guest today to kind of break this down. This is going to be a good one. My name is Paul Baron. Welcome back into Tech Path. Joining me today is the Economic Ninja. If you guys don't follow him, hit him up over on YouTube as the Economic Ninja. Great to have you on the show, Ninja. Hey, Paul, thank you so much for having me on. So let's get into a couple of topics around the current state of the markets, we'll call it. Some of the things that are happening right now, obviously around jobs, we saw, of course, COBY kind of reporting on this, 150 ,000 jobs in October. This was below the expectations of 180. And it's likely that this is highly underreported in the sense of real job loss overall. When you look at some of the research and the data that you're doing, I know on your own YouTube channel, you look at the current situation with jobs as they are and where those jobs are coming from, because they're coming from places that are not necessarily even job growth areas. Do you feel like this is a major catalyst for a potential oncoming recession or do you think this is kind of a natural evolution of these down markets? Well, you've got a couple of different factors at play. One is that the government is not reporting the truth in the way that it should be reported. It actually gives out the facts and figures. But one fact and figure that they really go a little light on is the headlines come out and they say that employment's increasing, employment's great. But what's increasing is part time jobs, not full time jobs. When you see it seems to be right now about for every one full time job that's taken away, taken off the market, that's somebody that's fully employed, has hopefully some type of benefits package, has insurance, things like that. For every job that's taken away full time, we add about three to four part time jobs. And a lot of this is because of government overregulation where governments have stepped in and they tell employers, hey, if your employees are employed at a minimum 30 hours a week, that's considered full employment. So we want you to give them benefits so easily. And it makes sense. Companies go, OK, we're going to start pulling back and giving certain employees like twenty eight hours a week so that they stay right underneath that threshold. So that's one factor that's really not explained very well. Another thing is that the Federal Reserve is hell bent to raise unemployment. And this is what normally happens during a tightening cycle. The reason why the Federal Reserve has to tighten anything is because inflation got out of control. The Fed has always had an inflation mandate. Their numbers are two percent, which we all know inflation runs a lot hotter year after year, over two percent. But again, they're moving these metrics are changing the goalposts. And so now that inflation has gotten away, they need to tighten. One of the ways to tighten is to cause unemployment. Well, how does the Federal Reserve cause employment? It puts the pressure, turns the screws on to the employer in the form of less money being lent out into the market, higher interest rates, things like that. Do you feel like this is just the beginning of the iceberg in terms of jobs available, true unemployment spiking into possibly some people out there have even pushed out into what we could see? If you look back at some of the recessions in the past where we see double digit unemployment over 10 percent, do you think that is even possible with the current status here in the United States? Yeah, 100 percent, I completely believe that by the time we hit a bottom, we will be well into double digit unemployment numbers. Let's give the car industry as an example, we've seen numerous auto lenders completely pull out of the market. The latest large auto lender that pulled out of the market was Bank of Montreal. Now, if you think about it just from that aspect, that means that there are less lenders lending into the market, allowing people to be able to buy a car because most people and I'll tell you, I've got a car for sale right now around nine thousand dollars. There's not a lot of phone calls. My phone's not ringing off the hook. And the reason why is because people don't have the cash to buy it. They need to finance nine thousand dollars. And so they're having a harder time because their interest rates are so much higher. Why? Well, one of the reasons not only the Fed raising rates and the bond market going crazy, but also since there's less lenders in the market, a lot of these auto lenders have to take a certain stance on risk. And they go, hey, if we're going to loan at a certain amount of money into the market with the certain average credit user or the person that needs a loan, they have a credit score of X or they've got bills of Y. They've got to ask higher rates. So the problem is now you've got employment being affected there, too, because if there are less car loans going out, there are less auto salesman employed. There are less people working behind the desk giving those loans out. I know that might seem real small, but when you look at it from a twenty thousand foot view perspective, you start really thinking about just one little step where the Federal Reserve makes it so impossible for a bank to loan money to someone that chain effect that going down the stairs, stepping down from one job loss, two jobs lost, three job loss after a while, it starts just multiplying. So a lot of factors here that you're mentioning and you look at this because we're talking about potentially still job numbers going up, if job numbers and when I say job numbers in the sense of unemployment, if it does go up, wouldn't that kind of align with what Powell's directive is, which is job loss goes up, inflation numbers start to reduce and we see what we could see, which is maybe that target of two percent. Do you think that's achievable in, say, the next two to five years? What is your thoughts on what Chair Powell is looking at in terms of hitting that target? Yeah, so I actually believe that you're going to see a two percent inflation rate in five years, maybe six, and the reason why is because we're going to have an epic crash before then. The Federal Reserve historically does not start touching or pivoting its rates until we see about 20, 25 percent taking off the major indexes of the stock market. It takes a lot more than just a housing correction to do that. If you look back on when the Fed started to really pivot last time was 2007, which was in line with not only a housing correction, but also the stock market indexes started really trending lower. It wasn't until it hit its crescendo between September of 2008 and the spring of 2009. But you also have to remember, too, the Federal Reserve did not have its repurchase window open until January of 2009. So we'd already seen a massive haircut off of stock market indexes. We saw a massive haircut off of home valuations well before they even opened up the repurchase window. Now, what's different this time is that the repurchase window has been opened for quite some time. We have over 700 banks failing. That's from the Federal Reserve, not from me. We are seeing an epic crash in the banking sector. But tying this back into like what you were saying with the pivot and the unemployment numbers, the unemployment numbers are actually showing positive. If people don't really disseminate them, it's showing that employment strong, but it's strong in the wrong way. We're getting more part time and under employed employees and we're losing these full time jobs. As a matter of fact, we are already seeing the month of October has been impressive as far as job losses because we're seeing companies shave 10 percent of its workforce or at least are announcing that they're about to lay off 10 percent. Even Citigroup came out September and they said we're going to lay off an undisclosed amount of people and then we'll really let you know in a couple of months. And the reason why they said that they're preparing people. They don't want everyone jumping ships. They don't want everyone to know exactly what they're doing. But at the same time, they're trying to appease their shareholders because they're trying to keep their shareholders from selling their stock. And they're saying, hey, we've got a plan. Don't worry, everything's be fine. Very similar to what happened with WeWork. WeWork gave you the idea in the last couple of months. Hey, we don't see ourselves really going forward in the normal direction. We're going to have to start talking to our creditors and starting to try and renegotiate leases. And now you find them in bankruptcy. So we're in that situation where CEOs are trying their hardest to keep their shareholders calm. We saw that with Lowe's and Home Depot back in the spring where they said the consumer has changed. And they're trying to give you very interesting ways of wording or wordsmithing. Please don't panic. Don't sell our shares because we're essentially screwed right now. Some of the things I want to kind of point to, Fed has lost control, bank collapsed, commercial real estate disaster, pension fund devastation. Something is running up quickly. This is kind of the topic around what's happening overall. And then I want to play a clip from Peter Saint -Ange on what's happening in Switzerland. Let me just jump to this clip real quick and let you listen in. In an ominous sign for our coming financial crisis, Switzerland is considering locking people into failing banks using capital controls that would stop depositors from withdrawing their money. I talked about this in a previous video, so -called friction tech that would lock depositors into dying banks, forcing them to go down with the ship so no banker is left behind. The Fed has also been pushing such controls in a series of papers ever since Silicon Valley Bank went down back in March. So specifically, Switzerland's considering limiting withdrawals to 50 ,000 Swiss francs per year. Franc is about a dollar. Larger withdrawals would be subject to a three month notice period. So you'd have to wait three months. I'm going to pause it there. So it isn't, in fact, taking place in Switzerland, but they're looking at doing this. Remember, if you look at the European Union, about six months ahead of us in terms of the economic cycles and they're obviously already in a recession. If something like that, if the Fed were to come in and put those kind of controls in to kind of avert what happened at Silicon Valley. How do you think consumers would respond to that retail? I mean, because everybody is already on edge with this and now I'm going to have a limit on what I could pull out of my bank. What are your thoughts on how Americans would say, OK, we're OK with that? This has actually been happening for over a decade. We've seen times of banking crisis and I guess the ruble would be one of the most recent examples. And there was some examples in certain Slavic countries where they were told that they were only allowed to withdraw a certain amount of money per day when there's an actual banking crisis. And it's happening in America right now in cryptocurrency. If you have a Coinbase account, you know if you deposit some money, wire it that day, it shows in your account. You could buy Bitcoin with it all day long, but you can't withdraw that Bitcoin for 72 hours. It's because they are insolvent. That's a derivative. And most people don't understand how that works. And so these are great signs when you see countries start to say, hey, we're looking at doing this or you look at what's just going on with Bank of America and some other key banks just a few days ago where they had a quote unquote glitch. And I'm going to tell you, this is sort of the conspiracy theory side. I don't believe that these are glitches that just accidentally happened. There are some that happen, but it's also a test to see how depositors react. And that test was a few days ago. Your deposits were coming into your bank, but it might take a day or two or maybe three for you to be able to access that money because there was a glitch. And really what that is, is the ability for bankers to be able to see how the public reacts to such an event. And those are things that I'm reporting on all the time. I'm sure you are. And I think people need to take heed. So what can you do? First thing is separate your risk. And that is big multinational banks, local regional banks and credit unions. But then also, you don't have to have all of your finances in paper as well. You could actually get alternative assets.
A highlight from THE PROTOCOL: Krakens Potential Layer 2 Development and Coinbases Influence
"Dive deep into the blockchain realm with The Protocol Podcast with Coindesk founding editor of The Protocol newsletter Brad Count and tech journalists Sam Kessler and Margo Nykerk. They unravel the intricate technologies powering cryptocurrencies like Bitcoin and Ethereum one block at a time. Just a reminder, Coindesk is a news source and does not provide investment advice. Hello and welcome to The Protocol Podcast. I'm Brad Count here with my co -hosts Margo Nykerk and Sam Kessler. Please first don't forget to subscribe to our weekly newsletter The Protocol on Coindesk .com. And real quick, let's just take a second. We've got Sam Kessler here. He's actually missed a couple of our recordings over the past few weeks because he was down covering the Sam Bankman free trial, which is a story that Coindesk owns. Or we did break the story that led to the ultimate collapse of his business empire. Sam, you've been down at this trial and just like getting up at what, like 3 a .m. to get in line to get in the courtroom. Tell us what has it been like covering that trial? Yeah, it was a crazy experience. I'm glad to kind of be back to my normal life. Like you said, some days you had to wake up as early as 3 a .m. Somebody showed up at 10 p .m. the previous evening once to see Sam testify. I was not that crazy. I can only do that a few times the early day. But anyway, overall, it was a pretty insane experience. And yesterday we did sort of a panel with Coindesk reporters, four of the five Coindesk reporters who have covered this throughout the month long run of the trial to hear from members of the crypto community about questions they had and reflections on what was going on. And one of the questions that we received was around whether this trial was, in fact, the indictment of the cryptocurrency industry that everybody in the mainstream seems to frame it as. Or is this kind of this anomalous thing that exists outside of crypto, particularly because FTX was a centralized exchange? The question being, why did it feel like such a big deal? And I think the place where we all landed, like why this got the sort of breathless coverage that it did is because there is a difference between the crypto technology and the crypto industry. And I do still feel and I think those the folks who joined me on the panel agreed that this whole thing, even though it doesn't say much about the technology that undergirds all of these projects that we talk about on this podcast, this whole fiasco was an indictment of the crypto industry. The money, the attention, the focus, you know, the panels that people are willing to go on with Sandbank Manfried all just go to show that it does matter. The companies and the folks who we associate ourselves with cover. I mean, media plays a role in this, too, regardless of whether it has anything to do with the core blockchain technology itself as a centralized exchange in this case. That's super interesting, Sam. I mean, one thing I would just add, you always see giant frauds around new technologies, right? I mean, it's just like inevitable. People are always taking advantage of the opacity and the incredible, complicated stuff. And I mean, we see it all the time. But it's just stuff so hard to understand that it's pretty easy to like pull the wool over people's eyes. You know, I mean, I think we can talk a little more freely about this now that he's convicted. Anyway. OK, well, thank you, Sam. We're so glad to have you here. All right. Let's get right into it now, as we say, with the latest news and developments in technology behind crypto and blockchains. In our first segment, we will be talking about Arbitrum's governance. Of course, Arbitrum is the biggest layer two network atop Ethereum. Margo covers them all the time and they are super interesting project. But Sam, you know, this story you wrote yesterday focuses on some dissension in that community. Why don't you just give us a little brief overview of what that story is? Yeah. So like you said, Arbitrum is one of the people that I might be aware, I might remember last spring when they switched over to a decentralized governance model. So they made this big shift where they launched a token ARB and allowed holders of that token to be a part of something called the Arbitrum DAO that would govern the protocol. And the thing that we're seeing here is a nod to the growing pain, one of the growing pains that we see with all decentralized autonomous organizations, which is the difficulty of reconciling the need for decentralized governance, vast networks of people governing these protocols in like the spirit of crypto, with the reality that you need some somewhat centralized or at least professionalized decision making expertise in order to guide the direction of these really important platforms. Arbitrum has, you know, over two billion dollars locked in it as of today, if I recall correctly. But anyway, in this specific case, Arbitrum's community is currently grappling with a proposal to introduce a research coalition that will be helmed by BlockWorks Research, the research arm of the media organization, Gauntlet, a risk firm and one other cybersecurity firm that's not as specific to crypto. And those folks will kind of serve as this guidepost for the wider DAO to make its decisions. And there's been a lot of controversy around how much they'd be set to get paid under the proposal that BlockWorks presented in conjunction with these other. Let's just, Margo, what were your thoughts reading this story? So, well, two things. I sort of want to know what's in it for BlockWorks. Like, why are they putting themselves forward in this kind of proposal? But also this sort of like what Sam was alluding to drew us back to last spring when there was a controversial proposal about the DAO and there was like a ratification and they started transferring tokens before like that period had even ended. So I feel like ever since that happened, there's been a lot more attention on the DAO and like the proposals it puts forward. So there's always these controversies around DAOs and like the grapple they have to do with centralization and decentralization or professionalism in that case and having some kind of an authoritative figure that will make decisions. And so I wonder if we're looking at this more with a critical eye because of what happened six months ago and because we've sort of seen some controversy with the Arbitrum DAO. But I don't know, what are your guys thoughts on that? So it's a really good question. So that event that you're talking about was essentially when the DAO was established, there was also this foundation that was established, the Arbitrum Foundation. And you see this set up a lot of times where you have a foundation, you have a centralized company that builds a product, and then you have a DAO. The foundation kind of straddles the middle where it's like a real incorporated entity. But anyway, the foundation was suddenly granted a bunch of tokens from the initial mint of ARB. And members of this new DAO who had also just been airdropped a bunch of tokens were like, whoa, wait a minute, we didn't really have a formal vote on where those tokens should go. So it essentially looked like what it was, which was the people who initially created the blockchain granting a bunch of tokens to this foundation, which people think had some links to the old organization, the firm that ran things. So the chief irony here is that the whole idea of a DAO and the whole idea of this specific proposal is to decentralize things further so that something like a centralized foundation, something like the organization that created Arbitrum don't have an outweighed role in the direction of the chain. But the irony is that people see the same centralization issues with this new format. So one of the comments that we have in this article came from one of the voters in this Arbitrum DAO who said, quote, having the same parties review and provide opinions on proposals, cover those proposals publicly via media networks, vote on proposals, review the security concerns of a proposal, and then execute the Arbitrum network upgrades is fundamentally lacking separation of powers, which is a nod to the role that all of these different entities who would be on this coalition currently serve for Arbitrum. And this person showed that these folks who would be on this coalition also hold a huge number of ARB tokens. They'd now be kind of suggesting proposals or at least giving research on these proposals that they're also voting on and have an outweighed weight in terms of, you know, I mean, it's so interesting. It gets right at the heart of this debate, you know, the topic that just keeps coming up over and over again, which is, is all of this really about the tech or is it really about the money? It's like everybody wants the money and some people are providing value. Sometimes it's hard to tell whether this is going to actually be valuable or if it's just somebody who wants money, right? I say I'm curious, the research they're talking about, what kind of research is this? Like, why do why does Arbitrum DAO need research? Yeah, it's a good question. So it's quite interesting. One of the cool things about DAOs is you can go into the governance forums of any of them and you can see people weighing different proposals and those proposals will. So when it comes to research, sometimes there's going to be financial sort of research that they'll do into like what kinds of rewards we should give users of our protocol for doing certain things like what sort of interest should accrue to a token. Not really relevant in this case, but in the future, you know, if ARB should accrue interest, which it doesn't currently, it would kind of help make that call. You'll see a lot of risk assessment. So if Arbitrum is deciding on what bridge partners to use to transact with different chains, somebody like Gauntlet might come in or the cybersecurity firm might come in and do research to determine, hey, which of these bridge partners, given the technology we use and whatever platform we're bridging to uses would be the most secure. That's something that you saw in the past blew up on Uniswap when there's questions around conflicts of interest between the people doing the research and the bridge platforms themselves. But that's the kind of research you'll see, kind of like the technical and financial. Very briefly, the reason why this, you know, bristled so many people was the fact that it would cost two million dollars over the course of a year. And based on the cost breakdown, one person wrote, can the organizations involved demonstrate their time is worth, quote, six hundred fifty dollars to fifteen hundred dollars an hour? That seems exorbitant, as in more than I pay for a Harvard lawyer's exorbitant, literally. So these folks are asking for a ton of money in exchange for their services and they've had to defend themselves. And currently the proposal is really 50 -50 in terms of whether this is a temperature check, whether it goes to a real vote. The community can't decide whether that's a fair breakdown of costs. When does the temperature check end? It ends tomorrow. It ends tomorrow. And there's still some big voters that haven't weighed in yet. So we might be talking about this next week. One thing that is kind of cool, I will say, is in companies, modern companies, you know, the CEO and the board make the decisions and, you know, shareholders do not get to weigh in real time on kind of major strategy stuff or even like line item costs, initiatives or whatever. So that part of it is kind of cool that, you know, people are voting on whether they should spend the two million dollars. So let's turn to our next segment here. Well, there's a project called The Graph, and they came out with some news this past week. We wrote a short story about that. They call themselves the Google of Web3, or they say that people call them the Google of Web3. And the idea is that what they do is they basically look at the data that's on the blockchain and then kind of figure out how to, and then deliver that to protocols or teams and for whatever they need that blockchain data from. It's sort of like, my comment was the opposite of what Chainlink does, which is deliver, you know, stuff data onto the blockchain for protocols that need it. But they came out with this new era roadmap. I mean, a lot of it's pretty technical stuff, you know, it's like features, but they, you know, the line in the story was that this was one of their biggest upgrades since they had a 50 million dollar fundraising last year. And the development team, you know, similar to the decentralization in the previous segment, there's always, there's a development team and then there's the project. The development team is called Edgenone. And we sat down with their CEO, Tegan Klein, who, by the way, I think they said she was going to go on her honeymoon this week. So shout out to you. Congrats, Tegan. But anyway, Margo, you know, you were on this call with Tegan and you wrote up the Q &A. What were kind of your big, big ideas on this? Yeah, I thought it was interesting to hear her talk about like what the graph is, like who they serve, sort of like what entities, what protocols they serve. What I'm still sort of grappling with is like, I understand, like obviously there's a need for decentralizing data, but, you know, we'd asked sort of who her competitors are, who in the space is sort of similar to what she does. And her answer was that there isn't really anyone else in the space that does indexing like they do. Like if they do do indexing, it's something in -house. And so, yes, there's been efforts, I think, which one of, you know, Sam or Brad, you guys can talk about that because I know you have talked to Tegan about that before. But if there's no one else that does the indexing like the graph does, like how much of a hold do they have over organizing data on blockchains, especially because she claims that most of DeFi uses the graph? You know, I think that is a rare position to have in this industry, if that's true. You know, I think we haven't done a ton of reporting on this particular space. I think we're sort of more focused on the blockchain stuff that's kind of infrastructure layer of things and who's winning that race and all the apps. These are, they're kind of one of these middle players. They're not really front -facing, you know, they're sort of B2B in the sense that they're, you know, taking stuff from blockchains and delivery it to kind of like the backend of somebody's website or whatever. But I mean, in general, you know, we're going to get in the next segment, we're going to talk about all the layer twos, you know, that are developing and there's tons of layer one blockchains. But I don't know, that's kind of interesting to have a dominant position in anything in blockchain. It seems like there's tons of competition. I don't know. What do you think, Sam? Yeah, nothing comes to mind that does exactly what they do, which is they serve as a kind of like Chainlink sort of Oracle -ish function, but they're completely on chain. So they aggregate and index data on blockchains so that entities like Chainlink, like Uniswap and so on can use them. But I think that there are some, like I remember reporting on them a while ago and one of the problems that The Graph had and continues to have is just that it's extraordinarily complicated. They have their GRT token, they have these things called subgraphs, this role like indexers. And there's like all of these different, you know, jargon that you find all throughout crypto, but is particularly pronounced on The Graph that some people think is wholly unnecessary and it wouldn't be worth getting into all of it on Coindesk on this podcast, you know, is something that they still haven't been able to fix entirely at the same time. Yeah, I do think that they are somewhat unique in this intersection, but I also noticed that like some of the folks that they mentioned to you, Margo, that they, you know, are partnered with are the same folks that they've mentioned to me over almost like, I think like a year and a half ago when I last wrote about The Graph. So it's like art blocks, which is an NFT project that is really cool, but hasn't like been, you know, super huge in a while. They mentioned Uniswap. I also mentioned them, but if I recall from at least when I was, you know, writing about The Graph, their Uniswap thing is used for Uniswap to display prices on its website. It's not something used in the protocol itself, which is a distinction that might matter. The Graph is like certainly a really exciting project and it is the only one that I'm aware of that's doing, you know, this whole indexing decentralized role. I think that they are still kind of trying to exactly find their place and reach that level of ubiquity that they've wanted for a while. That's really interesting. You know, especially given that these projects that they help haven't really changed over the last two years. And one of the things we had asked her sort of is like, where are these new users that they can cater to? Especially, you know, we're in winter, so where's the growth? Like who are you poaching users from? So that's interesting. Yeah. I mean, to their credit, they did make a big gamble a while ago where they got rid of this centralized, this hosted service that they had, which is more akin to a Web2 service where they would index things and then you would query their own kind of hosted server in order to read off the data. They moved to this decentralized model a while ago and there were questions around whether they'd be able to kind of sustain those operations. And it seems like they have, you know, they really are working in alignment with that whole decentralized crypto ethos in a way that a lot of these sorts of information providers, aggregators aren't. They've had some staying power, at least as a result of that, regardless of whatever their user numbers and partners are. I mean, it's interesting when you were mentioning how technical some of this stuff is. All right. Well, let's take a quick break. And when we come back, we're going to talk about the story of the week. Margo Scoop, Kraken coming out with a layer two. We'll be right back. Calling all developers. Consensus 2024 is happening May 29th through the 31st in Austin, Texas. Experience three days of intensive learning with technical talks, 40 plus expert speakers and 20 or more in -depth workshops, including dedicated half days for Ethereum and Bitcoin. Don't miss the opportunity to network a curated developer meetups, discover new career opportunities and explore numerous side events and hacker houses around town. Score a Consensus 2024 developer pass for just one hundred nine dollars, but act fast. Only a limited number of these passes are available. Visit consensus .coindesk .com now to secure your developer pass before they're gone.
A highlight from Victor Marx
"In an unsettled world, knit yourself in truth as you gain the knowledge and skills to meet the challenges of what's to come. Regent University is a Christian community that seeks to honor God and serve people. Christian leadership begins here amongst your professors and alongside your classmates. Find your folks welcome to the Eric Metaxas show sponsored by legacy precious metals there's never been a better time to invest in precious metals visit legacy p .m. investments calm that's legacy p .m. investments calm welcome to the Eric Metaxas show they say it's a thin line between love and line or at least make it a double or triple line but now here's your line jumping host Eric Metaxas let's welcome the hour two I warned you told you that we're gonna have my friend Victor Marx on the program Victor welcome it's hard to describe you I tried in the opening segment but I want to first of all want to say I'm not clear you are one of the first people to be on the scene at the music festival that Hamas attacked on October 7th am I getting that right yeah I would say that's accurate because you were already in Israel what were you doing in Israel at that time no actually we got contacted within 72 hours of the attack and had access and placement and an invitation from an organization there so we you know we jocked up got our team ready flew right in because of the relationships that we have with special operations community and commanders in the IDF and it really gave us access to things that I you know man I wish on one hand I'd never had to see but I know it's a responsibility to share it this this is this is I guess the point Kevin McCullough in our one today shared some things I've shared some things that I have read and heard and I want to talk to you about this now before we do that just to give people background on you you are the president of all things possible ministries you're hard to sum up maybe you can yeah if you can do a little bit of that for us yeah the former US Marine I have a background in martial arts passion is to help set captives free physically emotionally spiritually our organization's been around 20 years now we have a home in Iraq we've done over 130 missions into Iraq Syria northern Iraq northern Africa Southeast Asia we currently have teams in it certainly happened and it's turned into a calling you when did you come to faith Victor yeah I was 1986 June of 86 and I was still in the Marine Corps at the time had a pretty tumultuous background as a child you know I was abused as a kid and tortured and left for dead in a commercial cooler and I guess that's what is the imprint on my soul that never allows me to forget about kids who suffer at the highest level who did that to you Victor it was a the worst of it was a stepfather who ultimately ended up in prison and escaped prison and fled the country they never found him he actually turned himself in so he was a highly educated affluent pedophile and he was in connection with the network of pedophiles and you know sadly I was one of the kids that was a recipient of that and this is why a big part of what you do is rescuing kids from sex trafficking yes we we have a we just started a new division of all things possible ministry it's the pedophile hunter task force and we have acquired the best people that we believe just all tier one top former investigators detectives DA's and we are working diligently here in the US we started it in Southern California which is riddled we're expanding to other states but soon by God's grace and good hard -working men and women who are fearless will our goal is to be in every state in the nation attacking this problem and assisting both state and federal agencies to do really what they're not funded to or don't have the capacity to do and they love our help I obviously I want to talk to you about Israel that's that our main subject today but I want to talk to you about two other things one of them we're people like me I see my role on this program and in other places to help people process things because I am myself trying to process things when you hear about real evil yeah like sexual abuse of children somebody like me who was raised by a loving father and a loving mother who themselves were raised by loving parents it's nearly inconceivable to many people of the evil that is out there and when I talk to somebody like you and I hear about this I feel like part of what's happening in America today is God is allowing us to see the evil that's there he is allowing people like me who have thought that things weren't so bad to see the evil so that we can confront it so that we can so that we can stand against it so we can work against it so we can get serious about what God wants us to get serious about and what you're doing you know you you you've seen this and I think part of part of what's challenging is most people haven't seen this most people don't want to see it I don't want to see it but then you feel a duty just like what you said about Israel that we don't want to think about what was done to people but we sort of have a duty to know some of it and and that's when we're talking about you know child sex trafficking I've been talking a lot about the southern border how this is a moral issue you know the moral issue it's not a whole completely and if churches don't care about child rape why would God care about those churches if you're a Christian in a church that doesn't care that we have sex trafficking being aided and abetted by the US government whether intentionally or unintentionally if you don't see that as a moral issue what do you see anything as a moral issue I can't think of anything more serious than that but but because of the movie sound of freedom and a few other things somehow people are beginning to open their eyes to this and I guess that must give you some hope because you've been aware of this problem for too long yeah and I appreciate you saying that because I think we are in a process of Americans and Christians starting to understand this as a reality you know who's always known it our detectives law enforcement social workers this is the round that they live in and I'll tell you this part of the reason that I believe the church is so what's a good word impotent weak this whole deal is because they're that's why most people who are aware and could make a difference but don't it's because they themselves are involved in levels of darkness and wickedness that they just don't touch they don't publicly do anything and think about it one in three girls will be sexually assaulted by the time she's 18 it's one in five boys males will be sexually assaulted so what what America and the church is starting to accept through like the movie sound of freedom is well it happens other places and there's trafficking networks the hardest thing for people to learn and understand if they really want change in America is it's happening in our homes by families abusing children and trafficking their own kids it this has been known forever in the hood especially among the black community girls will get turned out by their mom put on a front porch and tricked out it's that culture the the dark side of that culture now like we'll use prostitution or trafficking high school boys were trafficking their own girlfriends ten years ago so there's this is why you have the moral decay and you know only fans and which is nothing more than self prostitution it's we're going to a break folks please subscribe to my newsletter at Eric Metaxas calm we send videos these to you you need to share this we need to get the word out Eric Metaxas calm be right back technology is moving so fast it's hard for many churches and nonprofits to keep up with the trends especially when it comes to giving stay ahead of the curve with secure give seven and one giving system with all new features like Auto card updater cryptocurrency giving and tap to give kiosks with Apple pay it's the system that's proven to engage more people in giving and it's all back with their full suite of management tools that enable you to gain insight into your church's giving at a glance but secure give is more than a tech company it's a partner in growing giving and engagement they believe that every church should be fully funded and they want to help you to make that happen empower people to support your church's mission through secure gives seamless integrated all -in -one giving technology visit secure give comm slash Metaxas today to get six months of free software to see why secure give is the trusted giving solution again get six months of free software when you go to secure give comm slash Metaxas secure give comm slash Metaxas legacy precious metals has a revolutionary new online platform that allows you to invest in real gold and silver online in a few easy steps you can open an account online select your metals of choice and choose to have them stored in a vault or ship to your door you have access to a dashboard where you can track your portfolio growth in real time anytime you'll see transparent pricing on each coin and bar this puts you in complete control of your money the platform is free to sign up for visit legacy PM investments .com and open your account and see this new investing platform for yourself gold hedges against inflation and against the volatile stock market a true diversified portfolio isn't just more stocks and bonds but different asset classes this new platform allows you to make investments in gold and silver no matter how small or large with a few clicks visit legacy PM investments .com to get started you're gonna love this free new tool they've added legacy PM investments dot com legacy PM investments .com check it out the most anticipated rock holiday tradition returns trans Siberian Orchestra live in concert coming to a city near you legendary blend of rock classical and holiday music for the entire family don't miss trans Siberian Orchestra live in concert the ghosts of Christmas Eve go to tso tickets .com for info the most anticipated rock holiday tradition returns trans Siberian Orchestra live in concert coming to a city near you legendary blend of rock classical and holiday music for the entire family don't miss trans Siberian Orchestra live in concert the ghosts of Christmas Eve go to tso tickets .com for info beyond the sea welcome back talking to victor marks president of all things possible ministries victor we're talking about some dark stuff but you've been in this and you know I want to ask you how do you deal with this in your own soul dealing with this darkness with this evil my guess is that by doing good it gives you hope that you're you're in the middle of it and and you've been in the middle of it for such a long time but most people as I say most people don't kind of don't want to know about this and you you were saying earlier that you think a lot of people in churches are morally compromised and they they just don't want to they don't want to rock the boat yeah it's a great question and I've been asked that a number of times especially just coming back from Israel and seeing what I have and done and you know you spoke at dr.
A highlight from Grand Theft Auto 6 is coming! | Mass Effect Teaser Trailers | Legend of Zelda movie | Spiderman is Spiderman #424
"We're live, what's up everybody this is Karrick with ACG and I'm here with Abzi4, the best gaming podcast number... four, two, four, four hundred and twenty four man. How many have you been on? How many podcasts have you been on? Probably. Do you mean like since I became a co -host? Yeah, since you started. Even if you had the old ones. Or the Patreon? Because you were on a bunch in the first, you know, you jumped in. I remember back in 2018 we did a bunch of, we did game awards and shit. We did a bunch of, you know, events and stuff like that. We did a bunch of E3s. I hopped on a bunch of, a couple internationals. The first one I ever did was just a Patreon one, which was really fun. That's when I, do you realize, there's two games I always talk about and it's Near and Those two games were recommended by you in that first Patreon podcast. That's how I found out about them. That's how long you've been doing them? They were in the original Patreon podcast? They're in the original Patreon podcast and then, yeah, before I became a co -host, yeah, I feel like I come on like twenty, thirty times or something and then ever since then it's been every week, right? Yeah, I think you were on probably the most out of, you know, like the people who come on and join. I think you were on the most before and that you and Johnny was on quite a bit, which is why we, I was like a regular, you know, just like coming in sometimes and yep, coming in hot. What's up? Everybody in chat? People are asking about the ads. Are they real? No, those are, I mean, manscraper. Come on, man. Come on, bro. Those ain't real. That would be, that would be ridiculous. Well, you know what? These days. Josh L, $2 Super Chat. Will Gilf Island have microtransactions? Yeah. See, if you know that sometimes YouTubers make games, if I made a game, it would be Gilf Island and it would be a point and click like Leisure Suit Larry, but with just grandmothers, just hockey island, but like Monkey Island, but half Gilf Hot Gilf's. Yeah, be Gilf Island. What's the, so, so do you have like a distinction between Gilf and, and Cougar or, yeah, see, that's, that's the thing. I personally, I think Cougar's just replaced the number of kids you may have had. So Cougar doesn't matter if you've had kids where Gilf is like grandmother, you know. You have to be a grandmother. Yeah. You have to be a grandmother. So even if you were like a 40 year old grandmother, you'd be a Gilf. You would be a Gilf. Yeah. Technically. But again, we're changing all the slang. So who knows? If there's like an 18 year old with a, with a, that has a son or a daughter, she'd be a MILF. That doesn't sit well. She would. It doesn't sit well. It doesn't sit well. It does. It doesn't sit well when you look at like how we've changed. Like the way we. MILF has to be at least 40, you know. Yeah, right. Exactly. Because at some point you're getting into, well, not into creep zone, especially if you're 20 and that person's 20, but it's still, it's a little weird. Right. Yeah. Sup everybody. Thank you for joining us. We're going to be talking about GTA 6 and the announcement of an announcement. I got to tell you, I just did this on Twitter. I just said, okay. Cause they said, you know, we're, we're happy to announce that at some point we'll have an announcement. And I was just like, come on guys. Do you think they're going to do in game awards? They never do that. They don't. They don't. Rockstar doesn't want to share the rock, rockstar is big enough to not share the limelight with E3. Yeah. They could literally just release a YouTube video and it'll be good, man. Right. Yeah. So I don't know, but it could be, it would be a big get for the game awards to have the big first ever get for the game awards, not for rockstar. They don't need that publicity. Exactly. No. In fact, it would be in a way worse because I know a lot of people who aren't going to watch and aren't interested at all in the game awards. So it's like, you know, there'll be parsing out. We even do that sometimes where we parse out trailers after an event. Yeah. So, yeah. But I mean, they said there was going to be an announcement of announcement what for the last six months we've seen leaked data on it. What did you think? Have you seen some of the leaked, um, like our footage? Yeah. Yeah. Yeah. She has a fucking ass joy dude. I noticed that as well, I was like that's that's a interrupt those pain. Those pants are tight. Yeah. That's all I got from that. But. That's all you got. Not yet. It's not that I didn't. All I saw was like the Ba -Donca game over there. Like I didn't I didn't really. You know, I didn't really want to look at too many leaks. Yeah. Right? On why I just just went on. Um, it was just a game in progress. Like, didn't they go after a leaker? Probably, yeah, yeah, they did. Actually, they did. They did. But you know, with Rockstar, especially, you know that it's like a spoiler for a trailer, you know what I mean? Yeah, you know, like it's, it's just, it's, it's a Rockstar game, dude. It's, you know, doesn't happen that many. Yeah, you don't want to really, um, we'll put the GTA five thing there. Well, um, I think overall, I don't really want to see too much because like we were talking earlier, I asked everybody what they wanted to see from GTA five or GTA six. And dude, I would never want to be a developer. The ideas that everybody came up with were so cross in cahoots, like they wouldn't work together, you know, people saying I want a four by somebody else said I wanted a strategy. Somebody else said I want Anarchy and a deep characterization. The other person said I want deep customization and no, I want to be the character which I get both of those. I understand both of those sides, but it was I was reading it just going, dude, seriously, if you were a dev and you were reading the thought process on that, you'd be like, we're fucked. No one. Dude, imagine, man, being a dev must suck ass because your customers are gamers, man. Yeah, it's got to be the worst. It's got to be rough because they're and there are gamers who are embedded in GTA to the point of being like, yeah. Okay. For example, we had a big discussion yesterday. I said every announcements been about two years, so they show it and then they announce it and I said one of the reasons why I thought this would make sense for another two years is because they've got to tell people quit buying shit in GTA 4 or GTA 5. Sorry. They've got to do the thing where they don't say it, but they're like just so, you know, GTA 6 is coming. So you might want to not spend a hundred K and GTA 5 and shark cards, but it's like I don't quite know, you know, how they're going to handle that how they're going to say online. Did they release something new for shark tard shark tards? Sorry shark cards. I don't know. I don't know. I cuz oh, go ahead. I don't know. I don't know if you'd agree with me on this. So it'd be nice obviously to like transfer stuff, you know what I mean? Yep, but at the same time dude, it's a new game and you already this is the game you chose to spend. It's like, you know, I mean, it's a the games are not like a year apart. You know what I mean? They're like they're like what like 10 years apart, right? It's just a whole new. I mean, I don't see, you know, if they if they were like, hey, we noticed that your account had like this character with that much shit and you know, we're going to give you a little booster going to give you some stuff that be cool for them, but I'm at the same time. I'd be I mean, I haven't paid much, you know, I don't I wonder what how they would feel but I feel like, you know, it wouldn't be a big deal if they were just like, yeah, this is just a new game start start from scratch, right? I don't know if you'd agree with that or not. Yeah, I think it's diminishing. They'll do a diminishing refund where they're like if you had a hundred thousand you get a thousand if you had a million points of things bought you get five thousand, you know, they'll be a percentage maybe but that's why I think the two years make sense. You announce it now you got two years and you're really telling people behind the scenes. Hey, listen, man in two years GTA 6 is going to be at but GTA 5 isn't going to go away. It didn't go away with red. It's not thank God. But yeah, and gta4 didn't go away and gta4 didn't go away. I mean, well, I don't know what there is in GTA. Is there even an online though and gta4 fucking okay. Yeah, I don't think there is but I don't think what gta5 they would close it down. I just think they'll yeah, they might have a diminishing, you know, return kind of thing where they look at a percentage. Yeah, because otherwise dude, it's a lot the Shrike $5 stupid. I just lost my left bullet using my lawnmower to shave my nuts lawyers details, please. Oh for the for the man scraper commercial. Yeah, I think when you look at like GTA 6 man, what I want to see is want to see a larger world in size a bigger city and then bigger out of bounds. I don't need three cities. People are talking about multiple cities. I don't think it needs to be just cause either. I just wouldn't like to because GTA 5 is good, but you can cover GTA 5 pretty quick. I did the walk in the walk and you can walk to one edge the other pretty quickly not quickly and like, you know what I mean in game, you know, sure. Yeah, it's not eight hours. What are you what I'm wondering about as well. Well, it's always Rockstar there, you know, they're going to like push the push it even more. But what I was wondering I always wonder about this Red Dead. They were able to do what they did with the Red Dead because it's not a fully developed world. So every single NPC you me has his own scripting and and you can talk to them and they react and there's so much detail in that and then like encounters that might happen. Now. I'm sure encounters can definitely happen and GTA but I wonder I wonder if they're going to hate have scripting for every sink dude, like there's no way right like it's super populated. I get it's a city. There's no way they're going to script maybe they're going to do some crazy tech voodoo smart shit where they do some like AI scripting, you know, what I mean or something like that, but I don't see them, you know, but but it'd be it'd be awesome man. If GTA on the scale that it is had the same type of detail and and and density has read that that'd be that be insane man. And I always wonder about that. Like like what what direction maybe they're just too completely there two completely different games going two completely different routes, you know what I mean? So I don't know. I mean, it'll be the first ones based on SSD and NVMe. Yeah, so my personal opinion is they'll do a lot of loading behind the scenes NPCs. They'll do what Ubisoft does where they you know, they sample less scripting for the farther out the end of the guy is and so you're up close guys. There is a lot going on but looking at the footage here. There's a lot of places in GTA 5 where there isn't a ton of traffic and people and then depending on the time frame depending on the city. There is a lot I think they can probably do something that's very close to Red Dead plus a lot of cheats. They're going to have a ton of cheats. Yeah, 100 percent Legion had a ton of really good despite anybody's love or hate for Watchdogs Legion. If you watch their GDCs, they had some really smart ways of basically having one person sort of running a group of people and and it was like using their senses instead of everybody's and then informing others and sort of like fear did with its with its AI and stuff. I mean, I'm sure they're going to be able to work it out. It is over. They'll definitely have some cool stuff because of the new consoles. I mean base PS5 base Xbox series S and X they can do a lot with those is this so Red Dead came out 2018. That was almost that was like towards the end of the console life cycle. I believe now we're in the middle of it and it's interesting because even GTA GTA was at the very very they pushed the shit out of those systems. Remember Xbox 360 PS 3 like that was at the very very end the cusp. So it's interesting. This is going to be the first well, maybe I don't know how they usually they announce a game and then and then release it like a couple months later, right? So I'm assuming that it's going to be released 2024. Well, all GTA's have had two years exactly after announcement. Yeah, I looked my spot. Yeah. Yeah. They delayed GTA 5 by a couple months, but it was okay. Yeah, they so for with like two years to your two years two years and GTA I think for that probably makes sense because it also gives you some room to sort of identify where you are. Also, if you look at the alphas, dude, they're not very good. So we're seeing footage that I assume is somewhat current when people leak it. Yeah, that's got a long ways to go and a long ways in Rockstar terms, of course, is different than everybody else, but they could do it at the end of 2024. But I think more like or sorry, starting in 2025, the end of 2024, but I think it'll be probably end of 2025 or 2026. How Red Dead was released a couple months after, right? Right. A couple months after what? The announcement. Yeah, see that one I didn't track because Red Dead was, Red Dead was leaked many years prior. So I don't know. Yeah, I don't. Yeah. I mean, we've all we and we knew just we know about GTA 6 until today. They didn't announce it, but we knew it was being made too. So it is. And we knew GTA 4 was being made. I'm thinking of the deep dive trailers, you know, when they when they like when they released the Red Dead deep dive. Yeah. When they did like the 20 minute or 30 minute, like this is the game mechanics this way, you'd be that that was close to release. So maybe maybe they did like a teaser way before for sure. I mean, I'm excited whenever it could come out tomorrow and I would play it, it come out in two years and I could play it come out four years and I play it. I do also think that they've talked about not punching down in humor and all that stuff, which I think is really weird because that's sort of that's sort of what it's known for and why I think a lot of people there's a little bit of like cathartic kind of, you know, just like some of the stuff you would never say, but these characters say and so you find it funny like a comedian who's edgy or what we know for sure. Yeah, so I want to see how they're going to handle that how they're going to handle characterization of those two characters. Sicilian Gamer, $5 Super Chat thoughts on Boogie documentary. He spent $200 on prostitutes instead of his mortgage. Oh, God. What is Boogie? Boogie has been on a spiral since who's for a while now. Is Boogie the fat guy? He's heavyset and he did a lot of Xbox stuff. He did. I think he had like he was one guy from Xbox come over. Yeah. It was known for his like character that likes to drink a lot of I think Mountain Dew as you drink Mountain Dew. Francis. Francis. Flipping up the table thing. That shit, that shit. But then he went into like this whole rabbit hole of depression and I don't know. I think he's mentally unwell or something. So yeah, I don't know what's going on with that. Yeah. I personally would just say I don't like documentaries on people anyway, like everybody's personal life like everybody loves to pretend they're perfect in the real world. No one is. For sure. Never met anybody in my life and I mean that's what I did for you. Instagram filters. Instagram filter of life, right? So it's like I just don't care and I would never watch it like. You know there are like full on studios that would that would like that's where like there's full on studios and I know that like some of my some I have like friends who are Instagram like you know e -girls and shit and they tell me like they take they take a picture in Instagram like they're on they're in a private jet or like on the boat with that's all fake. Yeah, it's all that's all fake. Yeah. Yeah, it's all fake. It's it's yeah. Yeah here there's a guy who rents out his jet for Instagram models. So he'll rent out the jet. Yeah, they're coming to the tarmac take photos. Yeah. Yeah, and literally literally there's there's a lot of a lot of jet owners or speedboat owners or boats or yachts or whatever they say people just want to go there take videos with them. Like like fucking opening champagne and shit and ruining dirtying up their whole oh God the world. Yeah, I hate it. Number one says Red Dead 2 reveal was also two years prior to release. So yeah, you were probably thinking of those deep dives. I don't track that too much. I only do with GTA.
A highlight from BITCOIN'S NEXT MOVE & 2024 & 2025 Price Predictions with Caleb Franzen
"Is very strong for Bitcoin. And if Bitcoin is strong, as we all know, that creates a massive ripple effect throughout the entire kind of crypto ecosystem where good things can happen at the very least. This content is brought to you by Uphold, which makes crypto investing easy. I've been a user of Uphold since 2018, so I trust this platform and I can vouch for it. They have a full functional app, a full functional website, and they carry Bitcoin and all the top altcoins, including stablecoins. You can also trade precious metals on this platform and as well as 37 fiat currencies. So Uphold is available in over 150 countries and they are a safe platform. They have full reserve of customer assets. They don't commingle or lend your funds out and they provide audits of their reserves. So it's a safe platform and I trust it, I vouch for it, and I've interviewed the CEO, the CFO, and other representatives of the company. So if you'd like to learn more about Uphold, please visit the link in the description. Welcome to the Thinking Crypto podcast, your home for cryptocurrency news and interviews. With me today is Caleb Franzen, who's the founder of Cubic Analytics. Caleb, it's great to have you back on. Tony, good to see you, man. I think the last time we were here was back in April, I want to say. So six, seven months ago is a good recurring basis to get back together and talk markets, man. Yeah, absolutely, man. And you provide some valuable insights in your newsletter as well as on Twitter or X, as Elon would call it now. So I've been following you and appreciate your insights. So I wanted to get you on here to go a bit deeper and talk about what's the outlook for Bitcoin in the short term as well as long -term and some of the top altcoins. What are your thoughts on the recent rally and do you expect Bitcoin to go a bit higher? Things are looking pretty solid. I think at the beginning of the year, I started out a little bit towards the doom and gloom side. But one of the things that I said was regardless of what was going to be happening in the markets this year, I was going to be buying assets. I was going to be buying equities. I was going to be buying Bitcoin. And that's exactly what I've been doing pretty much all year. Back in January, something very important happened, and that was the price of Bitcoin got above the short -term holder realized price, which is basically the short -term cost basis of all Bitcoin that has been transacted within a six -month window. And historically, that's always a bull market signal. If price can get above the short -term holder realized price and stay above that level, good things tend to happen. Every bull market in Bitcoin's history is characterized by that one simple fact. Then a bunch of other bullish signals happened thereafter. And so piece by piece, indicator by indicator, we've been stacking bullish evidence. And now we actually have the fundamentals to really back this up. We have the halving, which is basically 160 days away. We have spot ETFs that are basically, I truly believe plural, are going to be getting approved likely in a blanket approval process. And then if my macro outlook is on track, we're going to have continued disinflation, which is likely going to be bullish for assets across the board. I think it already has been very bullish this year. Look at the stock market, look at Bitcoin, look at Ethereum, so on and so forth. But if that disinflation continues, as I look forward, I've been referring to it as non -recessionary or disinflationary rate cuts beginning in the third quarter of next year. At this point, I'm not willing to entertain rate cuts before then. But my thesis right now is that the Fed will start to do a total of 100 to 250 basis points worth of cuts. If they do that from a pause of 5 .33%, we're really going to have still tight rates, still high real federal funds rate, real interest rates, so on and so forth, but just less restrictive than if they continue to pause. And so I think the Fed is recognizing that. They're not openly admitting it yet, because they're still using their rhetoric and forward guidance as a policy tool. That's one of the big benefits that they have. They can forecast to the market, even if they're kind of fibbing, or they want to maintain maximum flexibility. And so they're giving themselves a long leash with a lot of slack. And so, man, I'm feeling very optimistic about Bitcoin, especially right now. I've recently started buying Bitcoin mining stocks. Once again, I was trading those at the beginning of the year with a lot, a lot of success. And now I'm really kind of viewing this as a six to 12 -month thesis for the miners. So I'm basically going to be DC 'ing into those over the next two months, probably daily. And so I'm feeling very optimistic about things right now. So I'm happy to kind of take that wherever you want, but that's kind of my baseline. Yeah. And great points you brought up and with the macro and the Fed and their narratives and things they're doing. And it seems, to your point, that they are officially paused. Now, there's always the possibility that they could raise, but it seems like they're officially paused. And as you mentioned, with the halving coming up, the Bitcoin spot ETF approvals around the corner, certainly a bullish time. So if you can share the Bitcoin chart and tell us what you're seeing for the short term. Some people are saying, hey, this is a start to the run up to new all -time highs. Some are saying, hey, this is like a 2019 move. A retracement will probably hit a certain Fibonacci level and then roll over. And then the slow steady grind to new all -time highs in 2025. What's your thoughts and thesis around that? So here's Bitcoin. And one of the things that I like to use, I don't rely on the exponential moving average specifically, and I don't look at the simple moving average specifically. So something I'm trying to kind of shine more light on is something that I'm calling the 200 -day moving average cloud. So I'm combining both of them. The EMA is shown in teal, and the SMA is shown in yellow. And we could see very clearly, this has been a strong level of both dynamic support and resistance. In my opinion, so long as we stay above this level, good things happen. We've been able to stay above it now after a brief consolidation below. You can see in several cases here, we actually used it as resistance, flipped it into support, taking off. So this is very optimistic kind of price structure overall. And now we've really kind of cleared through this range as well. This was a level that I was highlighting back in January, actually, when we got above the 200 -day moving average cloud, saying, now we need to focus on the next level of structural resistance. So I was calling for this range even above 25 ,000 going all the way up to 30K back then. And we ticked it a couple of times, and we've sold off since then. So now we're back above it. It's now valid potential support. And so I continue to think so long as we stay above this level, which is basically from 31 ,000 all the way to 32 .8K, we could see price rebound here for sure. But overall, this chart looks fantastic. One of the things that I mentioned earlier was this short -term holder realized price. And so as we look at the dynamics right now with respect to the short -term holder realized price, it also looks very similar to what we're seeing on that 200 -day moving average cloud. We flipped it into resistance. We had the breakout here, support, support, temporary breakdown here. This was a bit of a concern for me. But so long as we're back above it, I think we can be very, very optimistic. And so one of the things that I say about my approach personally is that I always try to stay dynamic and flexible based on the data and the chart in front of me. So if we fall below the short -term holder realized price, you're going to see me on podcasts. You're going to see me on Twitter sounding a little bit more defensive, not necessarily bearish, but willing to be patient and willing to kind of consider downside scenarios. If we stay above this level, I'm going to be coming on these shows saying, we're going higher, we're going higher, we're going higher. This is bullish price structure because it is. So that thesis might be wrong. Things can change. Markets are dynamic. We don't know what the future holds. So it's really important to kind of have, first of all, levels of invalidation and places that we can kind of stay dynamic based on data, based on indicators and based on statistics. And so as I look at this right now, I also want to highlight one other fact, which is that this short -term holder realized price, look at the slope of it. So in terms of the rate of change, that red level is grinding higher and higher. That is generally emblematic of a bull market because it indicates that short -term holders increasing are their cost basis over the past six months. And that's what you want to see in a bull market is people continuing to bid, continuing to bid, price grind higher, people keep bidding, and that short -term holder realized price steadily moves higher. If we look at something like the long -term holder realized price, we see almost the exact same dynamic taking place. It's much flatter. But if we really kind of zoom in on this level, and let's actually even go a little bit closer, we can see now that this is really starting to tick higher basically since August and September, right? So as this long -term holder realized price also starts to grind higher, again, this is very bullish for the long term. The last chart that I'll share with Bitcoin is I mentioned this 200 -day moving average cloud, but the one for me that's the most important is this 200 -week moving average cloud. So basically the exact same indicator, and we're solidly above that. Once again, I outlined this as a price target in January 25 ,000 and said, if we can get above there, it'll be very bullish. Sure enough, we broke above and we flipped it into support now several times. We've been writing this 200 -week moving average cloud as almost perfect support. We haven't closed below it all the way since March of this year before the banking crisis, right? So the fact that this is still working as dynamic support and it also has a positive slash rising slope is very strong for Bitcoin. And if Bitcoin is strong, as we all know, that creates a massive ripple effect throughout the entire kind of crypto ecosystem where good things can happen at the very least. I'll just leave it at that. And so I think whether or not you're someone who leans towards being a Bitcoin maximalist, whether you're a short -term trader, whether you're solely focused on investing in altcoins, you have to be watching these Bitcoin charts. And at the very least, they're all showing us bullish dynamics right now. So as far as I'm concerned, this looks fantastic. So do you see the move upwards similar to 2016 or a 2019 to 2020 type scenario? I know it's hard to predict that because like you said, the market's dynamic and we have to wait as the data comes in. But what does your gut tell you? Because as we discussed, we have these narratives, these strong narratives like the Bitcoin halving and as well as the Bitcoin bodies, which could send the price a little parabolic, maybe not to new all -time highs in the immediate, but in the short term, a strong move up. This cycle, in my opinion, is very different than prior cycles. I still expect to see the halving have a very similar effect. Everyone who I talk to, even people who are in the crypto ecosystem, a lot of people are dismissing the impact of the halving. And someone asked me recently like, based your on thesis with the halving, with these non -recessionary rate cuts, with the spot ETF approvals, doesn't everybody know all of this? Isn't this already priced in? And I was saying, I don't think it is because everyone is talking about, oh, the halving isn't going to have as much of an impact as it had in the past, if any impact at all. People are debating if the halving is even a useful indicator for price or a catalyst for price. Everyone knows about the spot ETFs, but a lot of people aren't really sure. I saw someone recently talking about, hey, Canada has had a spot ETF for over a year. How come that hasn't created? So even still, there's all this concern about whether or not the spot ETFs are going to have a catalyst for moving higher. And I don't really think too many people are talking about non -recessionary rate cuts in the third quarter of next year. So in my opinion, not much of this is really priced in yet. And I think one of the big kind of takeaways, so let me just tie this back into your question, which is what kind of cycle does this mimic or mirror? If I would pick any of them, I would say 2019, just because the risk of a recession is still there. So if we think back to 2019, we bottomed in December of 2018, and we started to move higher from there. And then COVID happened. We have some exogenous recession, which brought price down significantly. We fell from over 10 ,000 back down to 3 ,500. We could still have one of those scenarios. So I don't want people watching this to just hear me come on here and just sound like it's up only from here. We still have to consider downside scenarios. And so I would say maybe 2019 is most similar. But in the event that we can avoid that recession, get those disinflationary rate cuts, and then we have the halving catalyst plus spot ETFs coming online, I think one of the big takeaways that I had from that whole coin telegraph debacle was that we had a $5 ,000 candle in 15 minutes on unverified news. And so the thing I've been encouraging people to think about and ask this question is how does price react to an SEC press release, if not a press conference, about spot ETF blanket approvals? How does the market react to, in a sustained manner, to verified news about this getting approved? How does the market react to BlackRock really coming on TV every week, every month, pounding the table on Bitcoin, advertising, calling up wealth management shops, the whole nine yards? I mean, I used to work in wealth management. We used to get hounded all the time by these ETF companies and their sales reps to talk about their products. They wanted to take you out for lunch, this, that, and the other. So what does that look like with BlackRock, with Valkyrie, with ARK, with Wisdom Tree, with all of these companies coming out promoting their spot Bitcoin ETFs? And so if we had like, let me tie this back now because I'm going on my soapbox tangent because I get so excited. If we had a $5 ,000 candle in 15 minutes, genuinely ask yourself, what does that market environment look like when we get a formal announcement, press releases from the SEC, press releases from BlackRock and all these ETFs, so on and so forth in a sustained manner? And so I think if and when that does happen, this market environment, or that market environment is going to look completely unlike what we've ever seen in the past. Yeah, it's a good point. I've been also thinking about that. Once that news goes live, what's going to happen, right? It's going to be euphoria, people are going to go a bit nuts, but also in the back of my mind, I'm cautiously optimistic because I see in the macro, look, the stock market doesn't look that strong. It looks a little bearish. In addition, you have these economic factors where debt is at an all time high, not just for the government, but for consumers, credit card, and it seems like something's going to break. I'm not saying I want that to happen. It's just, it feels very 2008 -ish, not with the housing market, but personal consumers and their credit card debt and car loans and so forth. So I'm like, how can these two things be running in parallel? But maybe like you said, it's a completely different time. The Fed and the central banks can print money and artificially inflate certain things where they can inject money behind the scenes. I don't know, but this is where all my thoughts are. And I'm like, hmm, I don't know what's going to happen next. It's tumultuous for sure, right? And I think generally I had a very defensive kind of outlook on what macro was going to be this year. And I think everyone, regardless of what their preconceived notions were going into the beginning of the year, should be pleasantly surprised at the resilient nature of the economy, of the labor market, of the US consumer. You talk about consumer debt, but what most people don't do is divide that consumer debt by personal disposable income. And that level is at historic lows, right? It's certainly creeping up higher, but on a relative basis, relative to income, that debt is very, very manageable, actually. And I saw so many headlines about this a couple of months ago about consumer credit cards crossing $1 trillion in balances. There's still well over $2 .5 trillion in unused credit card amounts. So basically, these consumers have the ability to tap into much, much more credit if they actually wanted to and needed to. And so the fact that we're simply at a trillion in and of itself is not reflective of a negative economic environment from my perspective. And look, I'm someone who used to be a hardcore gold bug. I used to be a massive advocate of Peter Schiff and what he used to talk about. And so I used to be extremely concerned about things like deficits and credit and the Fed's money printing until you realize that it really doesn't create actionable investment advice. And at the end of the day, I think you have to ask yourself and look in the mirror, are we here to be right or are we here to make money? And so if you're a trader, you're certainly looking to be both. If you're going to make money, you almost intrinsically have to be right. But I think if you're going to have your focus be on macro, I see so many people who have really pigeonholed themselves into a corner about being very bearish. And it's that classic phrase about the broken clock can be right twice a day. And eventually, those people will be proven correct. We are certainly going to have a recession. It's just a matter of does that recession happen six months, 12 months, 24 months or 36 months down the line? And if it does happen somehow 36 months down the line, what do asset markets do over the next 36 months? So what, are you going to stay sidelined for the next 36 months because you think a recession is coming? I mean, be my guest. That's not how I'm going to invest and allocate my personal portfolio. So for me, I stopped paying as much attention to that. And I started kind of approaching it from almost like a first principles perspective and kind of diving a little bit deeper into these numbers and starting to realize those talking points are exactly that. They're bearish macro doomer talking points. But again, I don't think that they actually provide actionable sound investment advice, I guess you could say. Yeah. And that's a great point, Caleb, because I look back at 2020 when the economy got shut down, yet markets were pumping. I mean, it's almost surreal, right? When you think about it, stock market was going crazy, Bitcoin and the crypto market was going crazy in a period where there was panic, fear and shutdown, right? So to your point, yes, those things exist, but you can't focus too much on them and there's not usually that many actionable items from them. Sure. And I think the biggest takeaway from this mini conversation that we're having here on macro is it's really important to remember, and I've talked about this in the past, the stock market is not the economy.
A highlight from 1454: How Much Will 1 Bitcoin be Worth By 2025? - Fidelity
"In today's show, I'll be breaking down the latest Bitcoin technical analysis, as we're currently pumping, looking to retest 36 G's baby. And quoting the high priest of Bitcoin, Max Keiser, Bitcoin separates money from the state, defund monarchy, defund the central banks, Bitcoin fixes this. He also predicts rate cuts will boost Bitcoin to his $220 ,000 target, send it, let's freaking go. Also breaking news, Bitcoin ordinals see a resurgence on the Binance listing, we'll also be discussing Caitlin Long's Custodia Bank officially launches her Bitcoin custody platform, as well as Hong Kong is now considering crypto ETFs as part of an effort to become the leading digital asset hub. I'll be breaking down this latest report, as well as the latest regarding Bitcoin ETFs and the fresh surge of capital incoming. We're also going to be discussing one of the largest asset managers in the world, which is Fidelity, currently with four and a half trillion in assets under management, exactly how much one Bitcoin will be worth by the year 2025, according to their head of macro, Jerry and Timur. Now that we have had a new price pump, this is a brand new prediction I have never shared before. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo what's good crypto fam? This is first and foremost a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's crypto news alerts .net. Welcome everyone. This is podcast episode number 1454. I'm your host JV and today is November 7th, 2023. We have lots to cover. Let's kick it off with our market watch as we do each and every day. As you can see on your screen, we got Bitcoin back in the green, looking to retest 36 ,000 and creeping towards that target while Ethereum, BNB and XRP are currently pulling back and in the red. And checking out coinmarketcap .com, the current crypto market cap is on the climb as well at 1 .34 trillion dollars with roughly 45 and a half billion in volume in the past 24 hours. The Bitcoin dominance a little on the decline here today at 51 .8 % and the Ether dominance has been dropping as well, currently at 17 % even. I'd love for you to tell me in that chat, how high do you feel this Bitcoin dominance is likely to climb for this cycle peak? Let me know. And checking out the top 100 crypto gainers of the past 24 hours, we got the trust wallet token leading the pack up 9 % trading at $1 .79, followed by Solana up 9 % trading at 44 bucks, followed by Kronos up almost 8 % trading just under 8 cents and checking out crypto bubbles so we can see the top 100 gainers of the past week. Kind of a lot in the red right now, but we do have a handful in the green as well. BNTWT up 9 % and PLS up 6 .4 % and TON up 6 .7 % with the biggest loser being WeMixed down almost 19 % and checking out one of my favorite indicators, the crypto greed and fear index shows we're currently rated a 68 in greed yesterday was a 74 last week a 66 and last month a 50 dead in the middle, which is neutral. So there you have it, fam. How many of you are currently bullish on that king crypto? Please let me know in that live chat. So let's just kick it off into high gear and let's break down today's Bitcoin technical analysis. Check out the charts where the Bitcoin price action is likely to go next. So here we go. Check it out. You're looking at the Bitcoin one hour candle chart here. Bitcoin fell towards 34 .5 November 7th as analysts attention turned to mushrooming the open interest data from coin Telegraph and trading view showed Bitcoin struggling to reclaim 35 ,000 to support Bitcoin lacked clear direction into the Wall Street open, but market participants predicted the volatility would soon return. The reason they said was a sharp increase in open interest on derivative markets, quitting them here, almost 10 ,000 BTC worth 350 million in open interest added today, according to financial commentator Ted talks macro now coin Telegraph open interest reaching elevated levels has coincided with bouts of volatility in the recent months. Current levels total nearly 15 and a half billion at this time. And James van Stratton research and data analysts at crypto insights crypto slate described the fluctuations as noticeable, quitting him here. The CME exchange preferred by institutional investors has achieved a new record in open interest with 105 ,000 BTC contracts open valid at $3 .68 billion. Finance has edged past this figure would open interest of approximately 113 ,500 BTC. This trend points to increasing involvement in Bitcoin futures, hinting at either a positive shift in the market mood or a move towards protective strategies by the investors. Now the sense of uncertainty over how the open interest phenomenon would play out was shared by J .A. Martin, a contributor of on -chain analytics platform crypto quant as he shares here on X Bitcoin on the low timeframe. The open interest on Bitcoin futures is ramping up. Certain apes are taken significant positions, but it is unclear to me whether they're going to short or too long. Now in his analysis, he suggests the open interest was now in a territory that had previously seen 20 % of the Bitcoin price drawdowns, quitting him here historically, whenever this metric surpassed 12 .2 billion, it resulted in a minimum 20 % decline of the Bitcoin price. That interest open deserved significant attention. Now continuing this current pump, we have 36 ,000, which I think we're likely to retest here shortly as we started pumping right before I went live. According to school analytics, Bitcoin's looking like a short covering bounce here. Some open interest is coming off the lows here too. Word up and good to note. And going back here, let's see what other analysts we can quote here. We also have material indicators who shared the following. Calling a local top at 36 ,000 doesn't mean 36 ,000 is off the table this year. But the metrics I'm looking at indicate that at the very least it is off the table for this week. He says that call also doesn't mean the price will free fall back to the prior 25, 28, five range. But if a bull breakout isn't validated for this month, that range low is critical. So there you have it. I disagree with this analyst. Clearly, we're pumping right now and I feel we're likely to retest 36 ,000 potentially here today. We shall soon see. And quoting Max Keiser, the high priest of Bitcoin, he says, Bitcoin separates money and all that gold from the state, defund monarchy, defund the central banks. Bitcoin fixes this and he's responding to this news here. The king delivers the king's speech from the throne in the House of Lords chamber. The speech is written by the government and sets out the legislative agenda for the new session. Max Keiser also wrote here in regards to this tweet, the Fed doesn't want to talk about rate cuts, but Wall Street is sniffing out an increasing likelihood of just that. Six months ago, if the economy had fallen off the cliff, the Fed's hands were tied and it couldn't cut rates. Well, now it can. And Max Keiser responded, the rate cuts will boost Bitcoin to my 220 ,000 dollar target for sure. We'll send it and let's freaking go. Let's dive into our next story of the day and discuss the latest with Bitcoin ordinals, which is their NFTs. How many of you have actually experimented or used Bitcoin ordinals before? Please do let me know. Ordinals is a BRC20 token collection minted on the Bitcoin blockchain, which surged 80 or sorry, 40 percent in the past 24 hours to $10 .19 after listing on the crypto exchange Binance. And according to Binance's November 7th announcement, traders can now trade ordinals against Tether. Now, Bitcoin and the Turkish lira as well, Binance claims that it did not charge developers any listing fees for the already token and that withdrawals will now open November 8th as part of the initial incentives. The first 1000 users who deposit at least 72 already to the exchange receive 50 USDT trading rebate voucher, quoting them here already is a relatively new token that poses a higher than normal risk and as such will likely be subject to high price volatility. Word up. Now, the Bitcoin ordinals is a numbering system that assigns a unique number to each individual Satoshi or one 100 million of a Bitcoin, enabling tracking and transfer and combined with the inscription process, which adds an additional layer of data to each Satoshi. This allows users to make unique digital assets on the digital Bitcoin blockchain. The current token listed on Binance already is not associated with developers of Bitcoin ordinals. Good to note. Invented by Web3 developer Rod or more in January, BRC20 tokens have surged in popularity of one of the largest technological advancements in a 15 year old block chain. Now, self custody wallet providers such as BitKeep now BitGet Wallet have enabled BRC20 token deposits as well as withdrawals since June. The total market cap of BRC20 tokens currently stands at one point three four billion dollars. So there you have it. Hi, fam. Let's dive into our next story of the day and discuss the latest with Custodia Bank now offering Bitcoin custodial services. This is actually pretty cool. And this is Caitlin Long's company. By the way, she's also very bullish on BTC Custodia Bank, a crypto friendly bank founded by Bitcoin advocate Caitlin Long launched its BT custody platform. The firm shared November 7th to announce the launch of Custodia Bank's Bitcoin custody service targeting businesses like fiduciaries, investment advisors, fund managers and corporate treasurers. The launch comes soon after Custodia Bank earned approval from the Wyoming Division of Banking to go live with the service. The announcement notes and announcing the news, Custodia Bank emphasized that the platform is a non lending bank built by Bitcoiners that offer segregated custody accounts on its custom built Bitcoin custody platform. The statement said Custodia Bank offers integrated Bitcoin custody and U .S. dollar services all on one platform designed to simplify the user operations while reducing risk. Here's what they shared. Since we built our Bitcoin custody platform in -house, we are especially grateful to those willing to help us by providing user feedback. Now, Custodia Bank's approval from the Wyoming Division of Banking follows a series of regulatory challenges for the firm. Back in January of this year, the Federal Reserve Board rejected the bank's application to become a member of the Federal Reserve System. Not surprising, right? Saying it was inconsistent with the required factors under the law. The Fed subsequently denied Custodia's request to reconsider its membership application in the system. That's just straight wrong. In a detailed report back in March, the Fed's board said the decision to reject Custodia's app was due to concerns about banks with high concentration of activities related to the crypto industry. Hence why they don't want it. They don't want to support crypto, fam. It's clear. Custodia Bank opened for business in August of this year, though the Fed has blocked much of its proposed business model, which doesn't come as a surprise. Founded in 2020, Custodia is a bank aiming to bridge the gap between digital assets and a digital asset custodian. The firm was formerly known as Avante Financial Group and is based in Cheyenne, Wyoming. Custodia Bank did not immediately respond to requests for comment, but hey, it's definitely a good sign that adoption is coming and banks will be integrating Bitcoin or they're just going to get left behind. So hopefully many major banks follow in the footsteps of Caitlin Long's Custodia Bank. But let me know, fam, how you guys feel. And a reminder, only keep in the bank what you're willing to lose at the end of the day. Because what if there was a bank run? Even with it being FDIC insured, they don't have the money to give it to everybody. Hence what happened earlier in the year with the regional banking crisis and what happened in return to Bitcoin. We started pumping. In fact, Bitcoin's up well over 100 percent since the start of the year. And I feel we're just getting started. All right, fam. Now let's dive into our next story of the day and discuss the latest with the ETF news coming out of Hong Kong, which I know is not in the mainland of China, but still considered a part of China. And I think we're going to have ETF adoption not just in the United States, but clearly in Asia as well as in the Middle East, because in all markets they're seeking it and competition definitely a good thing, especially when it comes to these ETFs. So let's break down this latest report. Hong Kong is reportedly weighing the possibility of allowing the spot crypto ETF in a Bloomberg report. The Hong Kong Securities and Futures Commission CEO, Julia Leong, outlines what it would take for the spot crypto ETFs to be authorized in the city -state, quoting her here. We welcome proposals using innovative tech that boost efficiency and customer experience. We're happy to try it as long as new risks are addressed. Our approach is consistent regardless of the asset. So according to Bloomberg, Hong Kong currently only allows future based crypto ETFs and among the listed products includes the Samsung Bitcoin futures active as well as the Bitcoin and Ethereum futures ETF issued by CSOP Asset Management. The possibility of a spot crypto ETF getting approved in Hong Kong comes at a time when Hong Kong's ambitions of becoming a leading digital asset hub are in high gear. According to the report earlier in the year, Hong Kong rolled out a virtual asset regulatory framework and on the crypto regulatory framework. Here's what she shared, Hong Kong's comprehensive virtual asset regulatory framework follows the principle of same business, same risks, same rules, and aims to provide robust investor protections and manage those key risks. This will enable the industry to develop sustainably and support innovation. Also reports emerged in June that Hong Kong Monetary Authority pushed for banks in the city -state to offer their services to licensed crypto exchanges. It was also reported in February that China was supposedly in support of Hong Kong's plans to allow both institutional and retail investors to trade in crypto assets. So there you have it, fam, mass adoption. Let's freaking go. We all know there's trillions of dollars sitting on the sidelines just awaiting that spot Bitcoin ETF approval. And once we get that green light game on, it will absolutely be a game changer. But anyways, fam, now let's discuss Bitcoin ETFs being we're discussing them already. And it's on everyone's mind right now before we break into the latest prediction from one of the largest asset manager, Fidelity, who currently controls four and a half trillion in assets under management. Let's first discuss these BlackRock ETFs and ETFs from some of the other asset managers. Here we go. The launch of a spot Bitcoin ETF from BlackRock is a highly anticipated event in the crypto industry. I'd say the biggest, most anticipated event next to the Bitcoin halving. You know what I mean? It's expected to provide unprecedented institutional access to the crypto market, representing a significant shift from leading banks and promising substantial capital inflows. These developments will eventually change the industry and kickstart the new market cycle. What we're seeing in the market at the current moment is still speculation by the whales, some traditional firms and industry insiders. Now, while the move towards the ETF app approval is a positive development, the price discovery mechanism for Bitcoin is typically driven by derivatives like perpetuals. Let's keep in mind that these are leverage orders that can be liquidated with the right catalyst, whether on the upside or doing a pullback as traders take profit or leverage longs get liquidated. This means that recent price hikes post announcements weren't necessarily caused by a fresh inflow of institutional capital. Though that will happen eventually, they were actually caused by speculation around ETFs driven by people already plugged into the crypto space, including the whales, quoting them here. An ETF approval means that there will be an exponential increase in the amount of capital with access to BTC. That's right. And spot ETF. Unlike futures, there is true price discovery, so there will be no market manipulation. So we should still take this as a sign of institutional interest. It is not unlikely that the capital that kept Bitcoin outperforming traditional assets came from the large institutions or savvy allocators of capital buying ahead of the positive ETF news. CME futures are dominating the crypto future markets right now, suggesting that indeed it might be more traditional institutions that are speculating. These are some of the players that have entered the room in the previous cycles, bull run or not. This kind of activity is par for the course. Now, how capital from Bitcoin ETFs will eventually trickle down? Let's discuss it. We should still pay attention to the possibility of fresh capital coming in. Former BlackRock managing director Stephen Schoenfeld stated at CC Data's Digital Asset Summit in London that an ETF approval can bring 20 billion dollars into Bitcoin. While we all know that's extremely conservative, I'm looking at trillions pouring into the King, just saying. While Alliance Bernstein, the global asset management company, expects the BlackRock ETF approval to drive the crypto asset management way up, all the way up. Now, ultimately, an ETF approval means there will be an exponential increase in the amount of capital with access to BTC. This simple change will be greater than any other development in the market's history. This arrival of capital will come over time as more and more investors and asset managers digest the news, deciding that an allocation is not only responsible, but absolutely necessary preach. Likewise, the adoption of this financial product will take years as institutions such as broker dealers, banks and RIA's undergo due diligence and other processes before they can even offer Bitcoin ETFs. It will also hinge on the arrival of key players such as market makers that are an essential factor in building investor confidence. The role of the market maker is vital to ETFs. They are responsible for creating and redeeming new shares of an ETF, a role designed to keep its price tethered to the price implied by the value of the ETF holdings. Now, finally, we have the question of what a Bitcoin ETF means for the rest of the crypto market beyond Bitcoin itself. Market cycles have historically moved from Bitcoin first to ETH second and then cycled into the smaller altcoins or more exotic projects. This time around, the effects might be less direct, but still obviously noticeable. It is true that a rising tide is not guaranteed in the aftermath of the ETFs going live as the new inflow of capital will not come in the form of direct ownership of BTC. Investors who choose that instrument won't easily be able to change or diversify their exposure to other crypto assets until more ETFs are introduced. Now let's break into our featured story of the day and discuss what will one Bitcoin be worth in the year 2025. While Fidelity's head of macro, Julian Timmer, makes this prediction with an exact number. There's a brand new prediction I've never shared before, so let's break this one down, shall we? A massive shout out to everyone in that live chat just joining us. Fidelity Investments global macro director, Julian Timmer, is updating his outlook on Bitcoin following the latest Bitcoin price surge. He just shared on X to his almost 200 ,000 followers. The Bitcoin can soar beyond $96 ,000 by 2025 due to two main factors. He lays out a scenario for Bitcoin's price performance in the coming years based on retail interest rates, which is the interest rate minus inflation and the Bitcoin adoption rate, which is based on historical Internet adoption. Quoting Timmer here, with Bitcoin moving up once again, will its adoption curve accelerate as it did a few years ago? And how does the macro trend on rates affect it? Here's the data to consider. Here you go. I show a fair value band based on both the slope of the Internet adoption curve and the path for real rates. The bottom boundary assumes that the treasury inflation protected securities real rate of 2 .5 % and the upper boundary assumes negative 2%, which is where we were in 2021. The macro can speed up or slow down the adoption curve, which we have seen play out recently as outlined here in this chart. And looking at the chart, the analyst predicts the Bitcoin price would hit the lower bound of 41 ,000 in 2025 if the TIPS real rate remains as high as the current rate. However, if the real rate declines to what it was in 2021, the price prediction would soar to $96 ,210 in 2025, which is a 175 % increase from the current value. Now let's read his thread, which he shared here on X. I also got to throw out there, he also is predicting a $1 billion Bitcoin price by the year 2038. So by 2025, yeah, a little conservative, but extremely bullish for the long haul on Bitcoin. And I know I've covered that previously here on the show. How many of you have heard the billion dollar price prediction from Jerry and Timmer as I have covered it here? Let me know in that live chat. But anyways, let's just break down what he did share here in the thread so you can see the full discussion. Here we go. Above, I show the fair value, as I mentioned a little earlier. He also mentions the macro can speed up or slow down, which we have seen play out recently as outlined in the chart. He also says, assuming for a moment that Bitcoin will mature into an asset class that plays on the same team as gold and silver, how should we think about where it should sit in a 60 -40 portfolio and what would be a reasonable position size? Great question. Here's what he says. The good news for Bitcoin is it is an annualized volatility down from its 2018 peak, although at 58 % is still head and shoulders above traditional asset classes. That's right. There's no asset in which can compete with the king crypto because Bitcoin is a hedge against inflation as well as a hedge against deflation. It's a store value. It's incorruptible. It's unconfiscatable. And guess what? Gold can't compete either. He also shares here even better is 52 week correlation versus the S &P 500 had declined steadily and is now actually negative. More on the Bitcoin outlook on the next thread. And I highly encourage you to follow Jerry and Timmer. He shares a lot of good threads here, especially regarding Bitcoin and what's happening around, you know, the ETFs, the Bitcoin halving, the macro and all of these TA, which is technical analysis. You know what I mean? Let's see if I can find another good thread for you. He has quite a lot and he's very active as well. Here we go. Here's a good thread right here. He mentions continuing the discussion for my recent thread on Bitcoin. Let's talk about Bitcoin as a store of value. Yes, please. Let's talk about this. Shall we? Gold is delivering solid risk adjusted returns remains hard to beat above. We see that gold has one of the best sharp ratios out there, but Bitcoin is respectable as well in line with other major asset classes. This chart is based on monthly returns because it broadens the universe of alts. In this case, alt such as managed futures and equity long, short hedge funds are the less liquid variety, which broadens the mix while improving their returns. And below is a ranking of correlations to the S &P 500 based on monthly data of September. Bitcoin still has a positive correlation to the equities, but less than many other assets as outlined right here in this chart. And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in our live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
A highlight from Caleb Hammer's Bitcoin Advice! (Was He Right?)
"So what's the overall financial situation? What are we looking at today? Well, we have, and this isn't on that statement, we have about $20 ,000 in cash for our emergency fund. It's interesting laid out about 10 ,000 of it is in Bitcoin and the other 10 ,000 is in high safety yields. I think you have $10 ,000 in an emergency fund. Today we're taking a look at Caleb Hammers emergency fund advice. In case you haven't seen Caleb's videos before, he brings people onto his channel who are terrible with money and then rips them a new, you know what, or let's just say he gives them his thoughts on their financial situation. 10 ,000 of it is in Bitcoin and the other 10 ,000 is in high safety yields. I think you have $10 ,000 in an emergency fund. Well, he's really saying you have 10K in the emergency fund. Well, Caleb is right here. We all long for a day where we can pay the car repair guy with Bitcoin, but today's still not that day. Bitcoin is still volatile, so it can't really count as an emergency fund because the point of an emergency fund is have the cash available when you need it. So what is an emergency fund? Well, I'm glad you asked since most Americans don't actually have one. And analysis show that most people in the country couldn't even cover an unexpected $500 expense. And the personal savings rate is almost as low as it was in 2008. It is recommended that you keep three to six months salary in an emergency fund. Now, obviously that's going to change based on your lifestyle. Like if you're a freelancer, for example, and with inflation as high as it is, I'm personally trying to limit the amount of cash I'm holding longterm. So I would hold closer to three months worth of salary in this type of fund. That's fair. Okay. And I have $10 ,000 of Bitcoin that I can also use if I need to. That you should sell right now and put in your emergency fund. Go on. So this video was posted March 30th, 2023. So if this person followed Caleb's advice, they would have sold Bitcoin at the highest 29 ,000. Right now, Bitcoin's around 34 ,000 and with inflation currently around 3 .7%, which means it's more likely six to 8%. So Caleb's guests would be losing a lot of money if he sold and just let the cash sit there. One, Bitcoin would be at loss and also the money's losing value. Caleb, stop telling people to sell their Bitcoin to BlackRock, please. I was literally talking to my wife about that. And I was like, I don't know. I don't know. But half of what's an emergency fund. I will immediately say that's stupid risk. Okay. Agree to disagree here, Caleb. The guy doesn't seem like he's really hurting for cash and he's also on the young side. So I think he can't afford to be a little bit riskier. What's Caleb's vendetta against crypto? We had $36 ,000 in our emergency fund and all of that money is gone. All right. Emergencies. Okay. Emergencies. You think, okay, so clearly his hot water heater bust, clearly there's a roof leaking or, you know, maybe someone fell down a flight of steps and there's a serious medical situation here. Let's see what the emergency is. Where did it go? It went to emergencies. What were the emergencies? We needed to remodel a bathroom. Then it wasn't an emergency fund. It was a bull slush fund. Seriously? A bathroom remodel. Okay. I can't even wrap my head around that. I wouldn't quite put bathroom remodel into the emergency level. If he could have just put that money towards Bitcoin, he'd be sitting a lot better right now. He wouldn't be losing his money to inflation. I just think of all the money that went to that bathroom and instead of just, you know, oh, oh, now I have really cool mirror above my sink. He could have bought the world's greatest asset, Bitcoin. And at the time he would have bought, he'd be in a lot better position right now. I got to agree with Caleb right here. That was a BS slush fund. All right. I've never seen this Caleb guy before, but I'm loving his content. Let me know if you want to see me react to more people getting roasted by Caleb for making the world's worst financial decisions. I'm DZ4 to discover crypto. I'll see you at the top.
A highlight from Proven Buyer Agent Prequalification Scripts For THIS Market!
"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. Yes, we do listen to you. Yes, we do read your emails. Yes, we do appreciate your show feedback and show suggestions. And that is what today's show is all about. A lot of you are really ready to formalize your buyer process, which we certainly appreciate. And by the way, if you did not listen to the podcast we did a few days ago, that's talking about the buyer agent commission lawsuits and all the things and expectations that we have that will be changing and how you relate to buyers. Well, make sure you go back and listen to that available on iTunes, Spotify, and of course, over on YouTube. So what we're going to be doing today is we're going to be drilling down on just a handful of our buyer scripts, all of our scripts, everything that's included in Premier Coaching. They're all copy written. You're not going to find these anywhere else on the Internet. Julie and I do not give our scripts away for free. They're an asset that are available only to our coaching clients to use. No one's going to be reselling these or anything like that. So these scripts, the reason that some of you won't be exposed to these before is because they are original and Julie and I are rabid at updating the scripts when necessary to reflect the buyer's expectations and the market's expectations as well. Exactly. Written by us and market tested. Doesn't matter how expensive your market is or where you are in the country or perhaps even in the world, because we have to include our Canadian clients, et cetera. Julie, we should start out by essentially priming them to accept the idea that they all should be using scripts. Yes, because that's a big point of resistance. Well, you know, this podcast, we only have you guys for 20 minutes, 20, 30 minutes. So there's no sense in me not being direct. The people that resist using scripts are, generally speaking, those who think they have enough natural talent to essentially never have to actually formalize their process. And whatever comes out of their mouth is sufficient enough. And that's just the way it is. That is somebody that's resisting being a professional. And they will continually act like that and continue to act like that over time until they essentially have a bunch of setbacks. Now, typically what you'll see is they'll rationalize their failures. So when you see somebody that doesn't use a formalized process in this regard using scripts, you'll see they're the same ones that will tell you, well, it's OK to just list five out of 10 listing appointments you go on. Or it's OK if you have five expires and things like that. Or on the buyer side, buyers are liars. Exactly. So you'll see the types of people that aren't professional and aren't using a formalized process, of which scripts are certainly part of that, are the same ones that are masterful at rationalizing their failures. So a strong suggestion to all of you, dear listeners, is avoid those types of people and don't heed their advice, because the simple fact is, is that all of us use scripts. But if you're not winning more than you're losing, and especially in this market, your scripts just aren't any good because you probably, you know, patched work them together. You're probably, again, winging it too frequently. You're relying too heavily on your personality. And I will give you absolute nailed down proof of that, and I'll be a little self sacrificial as I say this. So our first year in the business, Julie and I sold over 100 homes and we would do a lot of selling together. But for the most part, Julie was keeping the train on the tracks while I was out there basically working with a lot of buyers and sellers, and I didn't know any scripts. We had no formal training in real estate. We do nothing. But still, together, Julie and I worked really, really well together. The customers liked us and we were able to get, you know, obviously we did really great and that worked into a, you know, years after that we're selling between 100 and 200 homes. But when we tried to move out of that particular market where we were originally, where we originally planted our flag, move up market, change price ranges, go to just different types of things, we quickly found that our success rate, which was really high, all of a sudden started to fall. Now, it took in that market a different set, not necessarily scripts, but it's certainly a different approach. The first market we ran, a lot of first time buyers, a lot of first time sellers, things like that. When we wanted to double or triple, what we eventually did is 5X our price range. Then we had to completely update our approach. What I'm saying is our natural talent ran out when we basically left that market or didn't, we wanted to focus on, I think, a wider variety of price ranges and clients. Well, I'm glad that you said that because I was thinking, as you're talking, certainly, you know, our original stomping ground, a lot of first time buyers and also a lot of our center of influence. So many of you will find that the easier stuff, and there's nothing wrong with that, but the easier stuff, past clients, centers of influence, people who already know, love and trust you. And we always coach you to get more out of that crowd, certainly. But when you want to go across town, up market, into neighborhoods you're not familiar with and list and buy with people who don't already know, love and trust you, that's when you really feel the need for scripts. Well, that's the litmus test, ultimately. Are all your customers, all the people you've sold homes for, are they people that are essentially your direct centers of influence and past clients? And have you noticed that when one of them tries to refer you to somebody that very rarely do you end up converting that person, especially if it's a seller to a listing? That's because you're not following a formalized process. The people that know, love and care about you aren't going to hold you to the same standard. But in this, here's the thing that's shifted, though. In this market where sellers are obviously a lot more nervous and buyers are a lot more nervous, you're going to find that even the people that know, love and trust you are going to be a heck of a lot more selective in who they work for or rather who they choose to work with. That's the reason that Julie and I have always cautioned those of you who are so heavily dependent on centers of influence and past clients. You're a one spoke wonder. Your lead generation spokes are going to fail because you only have one. You want to have at least five to seven sources of business. And if it's only centers of influence and past client in a market like this, you will start to struggle again because your centers of influence and past clients, even your mom, they're going to be more selective in who they do business with. That's true. And sometimes it's just a matter of the person who knows, loves and trusts you being married to somebody who also has an agent who is a friend of theirs. And even though there's nothing wrong with your relationship, there is another relationship at play. So thus we get back to scripts, right? So it's not scripts are part of it, but you need to improve your process. There's no more FOMO in the market. People aren't going to want to buy and sell anymore just because you're going to actually have to learn quickly, frankly, what to say, how to say it, how to do a lot of interpersonal communication that maybe you haven't had to do. We call it Dr. Filling, right? It's not knowing what to say. It's not just knowing what to say and how to say it, but it's also learning how to read your customer. These are all the things that we teach you in Premier Coaching. And obviously then a lot of you move up to our one on one coaching programs and even learn at more of a higher level. But if you find yourself struggling, which I know is pretty much the story with most of you, and you or you find yourself accepting failure. Oh, I didn't get that listing because the other agent must have priced it higher, took a lower commission. In other words, you're making excuses. It is past time for you to accept the fact that you need to improve your skill set. That's right. So today we're talking about the buyer side of scripting. And yes, as you said, Tim, that the fear of missing out the FOMO buyers, the flippers, you know, people who are buying and selling for fun have largely left the market. It used to be for every good listing, you'd get 10 to 20 offers. So now, oh, no, there's only three offers for every buyer side. So there are still more buyers in today's market than there are listings to sell them. It's about a three to one ratio right now for every closed transaction. Last month, there were three offers. But even when your buyers are both motivated and qualified, you have no guarantees that you'll find them the right house, win the potential bidding war. And soon you also may have to worry about how you're going to get paid for your hard work. So prequalification just became more important than ever. How do you determine which of them will buy, which will end in a closed transaction and who you should concentrate on? Who should you be setting appointments with to have a buyer presentation and get your agency and exclusive agencies signed? OK, so remember, as with all scripts, the buyer prequalification script is a conversational outline using questions to find out the following, some of the following from your buyer prospects in the podcast. We can't do the whole script after using the buyer prequalification script. You'll then meet your buyer prospects and use your buyer presentation to solidify your relationship, how you work and how commissions work. OK, so again, we're going to show you just a few questions, a sampling of the buyer prequalification script. Now, these notes, today's notes, like every one of our podcasts, if you scroll down, if you're on YouTube, iTunes, wherever, all the notes are right there. And again, these are just a smattering, a sampling of some of the scripts that you are going to need to learn and master ASAP. And if you're one of these script resistors, please remember the story I told about Julie and I. We got pretty far in our natural talents and abilities, but it quickly ran dry. And what we started to see is on our second and third year that we did increase the number of homes and increase our revenue every single year, we still were finding more resistance. It's because we had to learn skills. And all of you are in that place, this last market that lasted basically 15 years, you did not really need to improve your skill set because the market was so buoyant, you know, essentially the rising tides. Right. That is gone. And so now you're going to have to go back. And many of you are hopefully accepting this and learn what you should have learned in the first place. And then you're going to be unstoppable. So we're going to give you a little taste, a sampler plate, a sampler of all of our script or some of the scripts. And these are just focused on buyers. And remember, the notes for today's show are down below. And when you're there, you're also going to see an offer for you to join Premier Coaching. Premier Coaching costs you nothing for the first 30 days. So make sure you click the link to join. And then we give you a lot more buyer scripts and a lot more obviously business planning ideas and, you know, all that good stuff. So it's there. It costs you nothing to join. There's no obligation. And yes, that does include a daily semi -private coaching call with one of our Harris certified coaches. All right. So we might call these script snippets. My note takers to mention that the notes are there. You can also jot these down. Number one, again, on the buyer side, I assume because you're calling or emailing or texting me directly. So this is a line from the prequalification script. Thank you for clarifying. OK. I assume because you're calling me or emailing me or texting me directly, you're not already working with another agent. This question happens early in the script. So you can skip the rest of the script if they've already committed to another realtor. Makes sense. So that's how do most of you handle that? Most of you, those of you who are buying leads from Zillow, that's one of the first questions they ask, right? They want to make sure that a buyer is not committed to another agent. But those of you who are smart enough to generate your own leads, let alone buyer leads, you're going to want to quickly ascertain whether they're working with another agent. Now, here's the reason we wrote this script that, you know, that question like that. By the way, all script is, is generally speaking, just a bunch of questions that are laced together. So the reason that we wrote it that way was because if you straight up ask the buyer if they're working with another agent, they're always going to say yes because they don't know what the hell working with an agent means. So if they talk to some agent someplace 14 years ago, maybe that's working with another agent. Or if they're more savvy, they're going to say yes because they just want the answer to whatever their question was. So all of this is designed for you and hopefully Julie's next question. OK, so she doesn't have this in here, or do you? Oh, yes, she does. Question number three is my favorite question ever. Me too. So I'm not going to stop on that one. But first, question number two, what price has your lender told you not to go above? Now, this question covers all of the bases with regards to finding out about their financing. When you ask this question again, what price has your lender told you not to go above? They'll tell you if they're all cash. They'll tell you if they haven't got a lender yet. They'll tell you if they're pre -approved and what price not to go over. Instead of asking all of those individual questions, the script, what prices your lender told you not to go above, gets straight to the answer. It's kind of like an all encompassing question. Versus asking, are you working with the lender? You know, all this again, the I think amateurish way that most agents have been conditioned to work with buyers is that you give up a whole bunch of your time and you give up a whole bunch of your energy and professionalism. And then you hopefully find out along the way whether they're approved, whether they're working with the lender, whether they have a house to sell. What we're suggesting, Premier Coaching clients, especially you guys, is before you give them any of your time, you need to go through the prequalification script. Then after that, as Julie said, then you sit down with them and you give them a formal presentation. This is all included in Premier Coaching with the output, with the goal of the presentation being they sign a state agency form, a exclusive buyer agency contract and a net sheet. Those three things. So that's all included in Premier Coaching. But the number one thing is, is before you even sit at the table with them, you need to What you're really gearing towards is looking for people that actually have houses to sell, because once you take the listing, that's going to automatically trigger those people working with you on the buy side and a whole bunch of other transactions as well. And that leads us to our mutual favorite point, our script question number three, which home in the neighborhood do you plan on selling? Now, this helps you to determine if they are also a listing lead. Note to self, many agents never ask this question when they get buyer leads. Some of you guys have so many buyers right now and not enough homes to find them that you don't even call buyer leads back. That's even worse because some of them have houses to sell. Well, they don't ask. They don't root out whether or not the person has a house to sell until it's like way further into like maybe days or weeks. And then they're going to sort of maybe hopefully find out if that person's got an agent who they're thinking about hiring to sell their house. You guys have got to stop being passive like that, because what you're telling that agent or that consumer is that you're not confident and they're not going to do business with you. They will do business with people who are acting professional, asking professional questions as professionals will. Can you imagine walking into a doctor's office? You know what the doctor's office experience is, right? Or the dentist's office. Before you even get out of the uncomfortable waiting room, they're going to give you something on a clipboard and they're going to ask for all your insurance information. Why? Because they want to determine if you can pay. OK, now that is before you even see anybody. That is the same. That's the same process wherever you go to see a doctor anywhere. So people have the expectation that they're going to be going through a formalized professional process before they actually see the doctor. What do you guys do? Somebody calls or texts and you don't even ask them to come to your office. You just zip over to their house and with your dental cleaning kit, you're ready to go. You don't know whether or not they have any teeth or whether they can clean out a chair. We'll use your chair. Exactly. That's what a lot of you guys do. Do you think that person respects you when you act like that? They do not. I know. And when we were talking about scripting earlier, I was thinking about how agents think that it's OK to wing it and just use their personality. And I had this image of like the next time you fly the flight attendant. I mean, they've done this before. They don't need a script, right? There's that thingy up there over your head and maybe it'll drop down. And I don't know, you'll probably remember what to do with it. When you freak out, if that happened, you expect a professional experience. Do you know you just described the average JetBlue flight? Well, that's true, too. I mean, they do. Yeah, OK, back to task. OK, point number four, here's a script piece. Paint me a picture. Ideally, what are you looking for in your next home? The more you can drill down on the prospect's needs, the faster you can find what they want. And caution, if you're working with a couple or, you know, two or three investors even, make sure you ask each one of them, ideally, what are you looking for in the next home? Now, I'll give you a little hint. This is assuming you're working with consumers, not investors. Find out, get a picture of their current home, assuming they have one. Or if they're relocating, ask them to send you pictures of their current home, because here's what happens. People do not want to sell their furniture. And most people will actually choose a house around maybe their dining room set and their bedroom set or something like that. So even if someone shows up in your life and they're relocating from another part of the country and they're telling you they want a modern home and you ask for a picture of their current home, some colonial with, you know, you guys get the idea, I promise you they're buying a colonial unless they have no other choice other than to buy something that's modern. They're going to buy what they already have, because most people are comfortable not making very many changes in their lives ever. That said, you're going to have to basically adjust accordingly, because as you go up market, those folks have a tendency to actually like different styles of homes and the homes in the upper end don't, they are almost always including the furniture. But for the meat and potatoes price ranges, say from 300 to really anything less than, I would say 750, a lot of those guys, they're going to buy what they had before. Yes. I think especially with relocation, I remember when you and I were selling homes and we just learned that and we had them bring a picture of their house or send it in an email. And you are so right. They almost like the exact down to the color of the shutters and, you know, the style. So that that's a great top tip there. OK, so next is point number five. When I find you a home, there's an exumptive close. When I find you a home that has A, B, C and D, which was their stated needs and price range. In other words, the home you're looking for that checks all of the boxes on a scale of one to 10. Where would you rate your desire to write up an offer on it? Ten means you absolutely are one hundred and ten percent ready and one means you're just kicking tires. If they're anything less than a 10, your follow up question is, what would it take to make you a 10? So we'll role play that. So, Julie, listen, so I'm going to I'm going to take a lot of time and we're going to see homes that are a very close match to what you say you're looking for. And I might toss in a few ringers that just maybe you're telling me you want something that's an acre, but I find a house that I think might be a good fit for you. But it's only a half acre, things like that. So but let's just say I show you a house that is meets all your criteria, right location, right price, right condition. All your furniture fits in the house exactly the way you'd hoped it fit. In other words, this is the house that you're describing to me as the house you guys both want on a scale one to 10. Where would you rate your motivation to purchase that house? I'm about an eight and eight. Well, congratulations. Good for you. What would it take to get you to a 10? That secondary question is the most important question. What would it take to get you to a 10? And by the way, they almost always say seven. So what would it take to get you to a 10? And then you're going to find out some things that they have not previously told you. I have to see if I'm going to get my relocation. Oh, I have to see it. I have to sell three rental properties. Bup, bup, bup, bup, bup. You get it? So you're going to have to ask secondary questions because then you're really going to determine, well, we're waiting for the lender to clear up a problem on our credit or waiting for rates to drop or we're waiting for pigs to fly. You know, you can then determine whether or not you actually want to work with them. That's right. So if not a 10, then why? And I think every thing that you list off there, we minus maybe the pigs flying, we dealt with in one way or another. And sometimes you remember the previous point was paint me a picture. Ideally, what are you looking for? If you haven't asked all parties involved, maybe that's the objection. You know, I'm an eight, but, you know, my spouse is a six and a half. Well, why is that? Well, it's because they have to have a three car garage because they want to be in a different part of town. You got to drill down. Otherwise, you're really going to be wasting your time chasing down things that they're never going to buy. But with regards to the art and science of all this, when you ask somebody a question, you want to obviously well, maybe not so obvious. You want to repeat what they say and you want to tell them, you know, essentially a good job with your answer, because then you're going to encourage A, you're showing that you're listening and B, you're encouraging them to answer more of your questions because you're kind of giving them a little, you know, thank you very much. So Julie, a seven, that's fantastic. Congratulations. What would it take to get you to a 10? You guys see how I did that? You never want to just go from on the seven and then go right to and skip that middle part because you haven't tied those two emotions together. And once you do that, just test it today. Test what I'm saying today with just anybody. When you repeat what they say and you affirm it, you will find that magic happens on the other side of that. Well, you are kind of secretly bonding over those questions, right? So that's a good thing. All of these. And we have let's see. Yes, that was number five. All of this is included in our buyer mastery, which is part of our premier coaching program. This is just a taste. These are just five questions from our buyer prequalification script. This is not the buyer presentation script. This is prequalifying before you even do the presentation. And this is probably a half, maybe maybe a third, maybe a third. Yeah. So the whole point of buyer prequalifying is when you get a buyer, you're going to take them through the process of determining, obviously, their their motivation. Remember, guys, advanced coaching. There's no such thing as a buyer that has to buy. Buyers always want to buy. There are things that there are reasons that sellers have to sell. Going to say that because it's critical if you're listening to us for the first time. So important that you get this because you're otherwise going to find yourself being very frustrated, especially in a market like this. This is the reason that we always try to lean you guys towards focusing on becoming listing agents with so many of you, because frankly, this past market have resisted. Now it's time for you to dust off that resistance and focus on becoming listing agents. But yes, you're going to be working with buyers along the way. We a buyer never has to buy. Why? Because a buyer can always rent. A buyer can always stay in their current house. A buyer can always, you know, add a bedroom. A buyer can always wait. A buyer can always, you guys get the point. So the thing with buyers is there's always going to be a lot of reasons why they'll change their minds. Interest rates went up. Well, I'm going to wait for rates to fall. There's an election cycle going on. I'm going to wait till after the election. Like that has anything to do with anything. You know, maybe it's going to be the holidays. Maybe it's going to be some sort of vacation. It's always going to be something that's going to drive you crazy. OK, now when you work with sellers, there are such things as sellers that have to sell. In other words, again, we have a lot of seller prequalification questions and you're going to find out that when you're, especially in this market, there's less than four million homes that sold. I can pretty much guarantee you those were four million sellers that had to sell. That is the bottom of the market. That is the floor. This market will always serve up around four million must sell sellers every single year. That is going to be what you're going to see is the historical low mark for home sales for probably the next 40 years. So congratulations. You've been through the worst housing market. Oh, and we're working on our predictions for next year. And we're thinking that we're, you know, next two years, really. And we're expecting a lot of return to normalcy with regards to inventory, but that in a different podcast. The real focus, what I'm hoping you take away from this, is that when you work with buyers, because you will have to make sure you're taking a professional approach, but never forget there is no such thing as a buyer that has to buy. They always, they're always a want to buy and they can easily change their mind and they often do. But there are examples of sellers that have to sell. They're getting relocated. They can't afford the house. They lost their job. They have new construction that's closing or a resell that's closing and they need the cash. It's a probate listing. It's a divorce situation. It's a this and that and the other thing. There's a whole bunch of reasons why sellers have to sell. And there are no reasons why ultimately a buyer has to buy. Be clear about that. Be very clear about that. Otherwise, you're going to find yourself, frankly, toiling away of a lot of nights and weekends wondering why your five or six magical buyers never bought. And then you're going to be about midway through the year and then you're going to see the buyers start losing interest because now they're focused on the vacations and now they're focused on kids going back to school. Then there's Halloween. Then there's the holidays. And now you ended up selling like nothing that particular year because you spent too much time with buyers. Thus, the scripts, the scripts are there to help you to sift and sort, to get the answers so that you I mean, we're not anti buyer. Buyers make the world go around. And if you have listings, you need buyers, certainly. But what we're trying to drive home here by exposing you to these questions is to sift and sort and make sure that you're spending your time wisely when you end up doing the buyer presentation, which soon you're probably going to be required to do at a higher level, that you're spending your time with somebody who is likely to transact with you. Although it is always true that buyers never have to buy, your job is to find the ones that have the strongest desire to buy, who also ideally have listings for you. So these script questions hopefully will help you on your path. But remember, this is only about 30 percent of what's out there. If you're honing your buyer system, you've got to really dig deep and get to be part of Premier Coaching, because again, we have lots more scripts. This is just part of it. I would love to have this just, you know, our prequalification outline, working with buyers and working with sellers. Had we had that our first year, we could have sold probably twice as many homes for 206, I'm sure, if we actually knew what the hell we were doing. Well, true. And we weren't even in a situation most of the time where there were three offers for every listing. It's important to point out that our first year in the business, we were selling in what was a buyer's market. It was not an easy, you know, sell instantly seller's market. It was a tough market. Interest rates were very similar to what they are now. I made a great interest rate when Julie and I were selling real estate was maybe six and three quarters to maybe seven and three quarters. And guess what? People were still buying and selling, but it was a lot tougher. There was no buoyancy in the economy. There was no all these other things going on. It was a bit of a recession. The interest rates were higher, all of this. And guess what? Sellers were not walking away with a boatload of cash in nearly every case. That's a super important point in our market. When we were selling real estate, our first year, real estate was increasing in value, call it appreciation. It's really inflation by roughly two percent per year. So if someone bought a two hundred thousand dollar house, I want you to think about this. So you're one it appreciates by it goes to two oh four. Then it goes to, say, two oh six. And you can do the math yourselves if someone didn't stay in that two hundred thousand dollar house for at least three or four years, sometimes five years, depending. They weren't not they didn't even have the money to sell the house without losing money. So they bought it for two hundred. They put down twenty thousand dollars, their 10 percent down payment. And it was very normal for people who hadn't stayed in their houses for usually seven to ten years. That's true to lose money. They would end up basically at closing walk away with less than they originally put down in the house net or worse if they were, say, a first time buyer that had a three percent down payment and then got relocated six months later. That's right. I mean, that was the unfortunate truth of our market. There was no this runaway appreciation did not exist in our time. So the scripts that we used were actually a lot harder than these oftentimes. Oh, yeah. And by the way, that's what all of you need to learn now. That's the reason that so many of you are listening to this podcast, because you're saying, oh, it turns out there's a different kind of housing market and maybe you knew who knew. I know Tim and Julie did. So listen, guys, thank you for keeping this number one listed daily podcast for real estate professionals in at least the United States. If you're over, if you have the chance and I would certainly appreciate it, as with Jules, do give us a five star review over an iTunes and do leave a comment about why you like the podcast. It goes a long way to help us know we're on track. And again, this today's podcast was inspired by a lot of the questions we were getting from some of you. If you guys have a question you want to send to us, the best way to find us is over on Instagram. And it's at Tim and Julie Harris at Tim and Julie Harris on Instagram. You guys know how that works. And yeah, send us a message there. And we do love the feedback and show ideas that always keeps us on track. Have a fantastic day. We will 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 -suite radio dot com.
A highlight from MASSIVE XRP PUMP! (Ethereum Not Done Yet!)
"Today is a great day to have a new set in crypto. How are we all doing today? It's 11 -6. It's November 6th. It's 11 -32. Sorry. It's 10 -33am. How are we all doing today? We got a new set. We got some new people. This is going to be phenomenal. Look at that lighting down below, folks. It's lovely. I'm loving it. Hey, chat, let us know what you think about it. But guys, we're going to be talking about XRP. Why is XRP pumping? What is going on with Ethereum? Is there more activity? XRP is the crypto market's back is all -coin season starting. Also some huge Bitcoin ETF news as well and Grok AI, the AI that most resembles a caveman's name. But yeah, we got Drew and Kelly. I don't know which way to look. Do I look at the camera? Do I look at chat? Do I look at these two lovely gentlemen? Look me in my eyes. All right. Let's maintain eye contact for the entire show. Love the new set. It looks amazing. Nice. Nice. Okay. A little bit of an echo. Special shout out to our entire team here at Hit Network, BJ, Aaron, and Joel, and Bobby, and Owen. There's so many people who just work tirelessly. If I forgot anybody's name, a lot of you. Love you all. We appreciate how much hard work you do. Really special shout out there. Drew, any message on the beginning of the set? How do you feel about it? Man, it's just - You helped carry some things. Yeah, no, it's nice to have a fresh start. And I mean, this is just, it feels as professional as we act every day. Oh, that's not at all. I mean, I don't know. We bring the heat. So we have a new set up here. It's nice to be able to conversate back and forth with you guys, bounce ideas by each other a little bit more organically as we go through the news. So - Legit, because he DZ being a future Jimmy Kimmel. No, I will never be the CIA's puppet master. Okay. I will never be their puppet. All right. Let's get right into the show here, folks. Guys, let's see if I can share your screen. Make sure you're following us on Discover Crypto. We just put out two phenomenal videos over the weekend. In this Cardano video, I also added it to my pin tweet here, if you want to see it. But I highly recommend you go check it out on YouTube. Get in there, get in the chat, leave a couple of questions, we'll start replying to the videos. I don't know how I'll do it with the next video, working on some top three tips to master the bull run for the first hour that the video's out, we'll go ahead and maybe we'll engage with you. So if you've got any questions, I'll jump in there. Also, we did another video on Jimmy Bitcoin. The heist Bitcoin is stronger than any Bitcoin heist in history, billions of dollars. So it's a really, really good video. I recommend it. He's like the Bitcoin heist meister. He's the heist meister. Yeah, yeah. He's not Heisman, but he's the heist man. All right, folks, make sure you go to hit merch as well. And I think it's time for us to just get right into this Ripple story, folks. Ripple gaining momentum, $850 million, and whale buys push price above 75 cents here. You see it broke out above a critical 65 cents resistance, and now it looks like it's off to the races. So over the last two weeks, crypto whales have been spotted buying XRP aggressively. Not only are the whales buying, they're buying aggressively, folks. As of 2023, the event edges is now the best time to get crypto. You know what? I can see why Bobby's wanting me to move left. I tend to lean to my right. All right, between October 24th and November 6th, the whales, how much XRP did they acquire? 1 billion .26 XRP, folks. And if XRP does say go to $2, $2 .50, even $4, talking about billions of dollars here. So they're bringing their new balances to a new 2023 peak. So we're at a new peak for XRP balances on the whale wallets here. Now there is a big event coming. It's the 2023 edition of Swell Digital Asset Conference in Dubai later this week. It's an invite -only event. So we'll feature keynote speeches and dialogue with some leaders, regulators, and innovators. Now Drew, you're kind of Mr. XRP here. I think you're probably the biggest fan of XRP. The whales are buying. Now are they going to start dumping? No, I mean, we'll always see a little bit of sell pressure, but I think that banks being even just slightly willing to test out XRP and its remittance payment systems and these continuing patterns growth that I see for Ripple in general, I think that things across the world are seeing this. The US still has the gray area, but the rest of the world is feeling ready for it. So I don't think that that'll be on us anytime soon, a big dump. All right. All right. More conspiracy talk. You guys are always on point. No, no, no. We got to get off the rails here. Poor Jimmy. You know what? Poor Jimmy Zong. That's the only Jimmy I like talking about. All right. Here we have the social dominance chart. So this blue line is where people mentioned XRP. So when you see a little bit of spike in social media chatter, oftentimes you're going to see a little bit of a price increase as well. But sometimes social media chatter precludes the pump. Sometimes it's after the pump. They're just, it depends because as a coin doubles in price over a month, people will just start talking about it naturally, even if nothing else is going on. But so here's the social dominance metric is showing the percentage share of a cryptocurrency in comparison to the 50 most talked about projects in the crypto media channels. So they'll just look at keywords, how many TikToks are being made and compare it to the other 49 coins there. But having cleared the resistance at $0 .65, XRP price now faces minimal resistance on the road to $0 .70 as well. So not only that, though, we also have Deaton coming out. He was coming out in favor. So there's a little bit of a settlement with the SEC versus XRP months ago where, hey, programmatic sales, hey, that seems fine. But when you're selling to a hedge fund, that seems bad. So we had one win, we had one loss, and we're saying, so this is like a 50 -50, right? This is like a 50 -50 win -lose. So Deaton's coming out saying it is not 50 -50, it is 90 % win, 10 % loss. So we're looking at more of a 90 -10 ratio here. So here, let's just get his quote out here. In a recent post, he strongly refuted the idea that the result was close to a 50 -50 outcome here. The people who argued that the SEC got a 50 -50 victory in the ripple crates are 100 % right wrong here. I'm still messing around with it. It was more like a 90 -10 in Ripple's favor. If Ripple ends up paying $20 million or less, it's a 99 .9 % legal victory. Did it feel like a 99 .9 % legal victory, Drew? Yeah, I mean, absolutely. A lot of the talk from famously like Pomp when we first got the Ripple case laid out, he's like, oh, you're holding securities, but kind of dancing on the graves of people that held XRP, even in the retail, which I think was just an absolute spit on the face disservice and a to our freedom to transact and to have new systems come about to do those transactions. So seeing even these chunks of wins from XRP and Ripple are massive, massive gains in confidence for people across the world. Now they're looking at this thing and many people are calling it the most regulated crypto on earth just from these recent wins. You brought up gains of confidence. You think I care about the gains of confidence? I don't care about the gains of confidence. I only care about the gains in price. And that's where we're going to go to Kelly here. Kelly, we have some charts here. I don't know if you're looking at XRP, but yeah, 65 cents, 70 cents. Is that all just a facade or is there a real support and resistance happening here? Well, it's throwing it here to the chart. We can see that this is essentially a chart I've been looking at for some time. And interestingly, we have this sort of uptrend parallel channel that on this break to the upside, which is when we have that initial news breaking of the sec the court case stuff that we got this massive pump and essentially rejected right here at a known level that goes all the way back. I mean, this goes all the way back to this base point here, December, 2020. So this is a pretty interesting when the price was going, I was looking at this suggesting, and this is going to be likely turnaround point. We got a stiff rejection off that until we broke down and tested the lower bound here. Got a deviation below. Now why will we have a deviation below is because these smart money people out there, these the people that really understand how to move the markets, they try to do everything they can to trigger those of you and those of me and drew DZ. Everybody that's in this market is subject to emotions. And those that are in control of their emotions and have a sound strategy and risk management doesn't get triggered by this consistently. But those, somebody sold down here cause they thought it was going lower. Oh man. It gave that opportunity for a lower entry for a long, okay. Now we're seeing here, especially where we're at in relationship to the having coming up and we have all this stuff on the horizon about the the IPO for ripple. And we have all these court cases winning into to your point earlier. I don't think they're going to win a hundred percent, but I think that's baked in. I think in the sense that at 99 .8 % or whatever, they're going to have to have some concession not to make Gary Gensler feel like he completely has, you know, a full face of egg on it. So there's going to be some sort of small fine paid or some concession that they have to make, but it's literally just going to be the fee of doing business. We see this also, it's not, it's not the end of the world. We look at you know, traditional banking, they've had $40 billion in fines since 2000 traditional banking. And yet there's, you know, they're able to continue doing business because it's the price of doing business. Now, are these levels that you're talking about? You said 65 cents. Yeah. 65 cents. And then a lot of resistance at 70 cents as well. 65 cents is right here. This previous range high that we broke through. I do think if we come back down, this is a great area. If we're very bullish, this is a great area for price to bounce on. It doesn't mean if we lose this, it's not bullish anymore. In fact, we can come all the way back down here to this horizontal line. That's in perfectly a basically cross section right here to that 60 cents level. This would be a great opportunity for another, you know, still bullish pullback if we come back to this level. Now, if it does continue to run, where is it going to go? Are you going to buy DZ? Are you going to buy on the way up if we get two candles in a row that are still bullish and we break 85 cents, is that a signal for you to buy and prices just running higher? You know, as much as I like candles, I don't like buying wicks. And so just I even when it hurts me, I just I'm averse against buying wicks. Yeah, no, I hear that. And so the point here is if things are running, that's a signal that there's a lot of stuff going on. Let the pullback let the chart come to you in your strategy so you can so you can make a smart buy. Now, let's go ahead, look at Bitcoin, Bitcoin and an interesting sort of channel that it's it's trading here. A lot of people are speculating. Is this going to be a setup for a sort of kind of flopsided bar pattern where the price action actually continues chopping in here only to break down and, you know, to this level? But why is that level important to previous high level that thirty two thousand dollars? Now, whether we continue higher or pullback down there now, at some point, I do think we're going to test below this range that we're in right now. Things are I mean, we see the momentum here is trending down while the price is still slightly turning higher. So there is some signs that we may be having some issue here coming up fairly shortly. I think C90 says the best. We're too far away from the having to not have at least one pullback. I don't know if it's going to start tomorrow. I don't know if it's going to start two months from now, but we're looking at an April twenty twenty four halving date. There's I'm assuming it's going to be much more likely than not in those six, five, six months. We'll experience a pullback now. Everybody want and I just did a video on this on the bit lab morning stream talking about the pump season. It's holidays. Everybody not only has a bias that they wanted to go up because you want to feel happy during the holidays, but there is data out there. There's data out there that shows that on average, November has a thirty seven percent pump to the upside. But that doesn't that doesn't mean every November is a thirty seven percent pump. There are some November's that have been negative. Basically, you've lost value in November. And we can see on this chart right here, this is seasonality. This is Q4. These these yellow bars, horizontal bars. This is Q4. And yes, we had a pump here. But look, we had a dump here, consolidation here, pump here, break down here. So you have to you have to take it into the context of where you're at in the market cycle compared to the halving. So as it stands right now, I do think we very well could get a pump. But look how far we still are from having to me if we do get that pump, I'm going to be looking for an opportunity coming into the halving for still some lower prices to whatever level we pump from pump two. So I would just urge caution. The higher we go, start looking for opportunities for prices on a pullback. All right. Let's say what is the coin you want to get more of during a pullback? I'm just going to say boring Bitcoin. I feel like I don't have enough Bitcoin. So if there is a pullback, I think I'm a scoop up some more bitty. What about you two? I'm going to be going after Cardano next. That's the next big bag. I have too much of it. What about you, Kelly? Well, I'm torn because I mean, look at pull up this chart real quick, because we see dominance is coming into a known zone. Not a carry off. Do you like Natalie and Bruglia? I'm told that's how I was trying to think of the song is that I'm still coming into this zone. Dominance is pulling back. We're seeing a little bit of capital rotate out of Bitcoin. And we also see the Ethereum dominance broke. Everybody wants to see this breaking, thinking every alts are just going to moon. But we still could very well have those alts pull back. So it's still a little bit. Everybody wants this to be an alt season because we're seeing some pretty big gains, you know, also because we're all overexposed in alts. That's why. Yeah. You know, one of those ones, everybody was kind of taking a little doodoo biscuits on was right here. Albert Rand. Everybody was saying they thought it was dead because they're also doing that rebrand. But look at this 45 percent pump. But it's pushing higher. But don't get lost in the bias just because you're feeling good in a green candle. Look for those pullbacks. If I had to pick one, it would be Bitcoin.
"six months ago" Discussed on Bloomberg Radio New York
"The with Jonathan Monday overall as Tom Farrell, market. well. Kean, Lisa One Brampton, of That's them what we're is seeing John now. Jonathan Tom Kean Farrow, Farrow Challenge from on in assignment. New the and bond Lisa York market, on Abramowitz. radio, success Manus in on Cranny the equity television, sitting market. Good in today particularly This adding many is narratives huge Bloomberg of Chevron morning, on Surveillance value, this everyone. Hess with his years in Dubai and of course all in the eastern Mediterranean. In this hour, Amory Horden will join us as well as Oliver Crook here on the eastern Mediterranean. But to we've go got to the markets, Lisa, this morning in the Hallmark with Wei Li coming on in moments from BlackRock, a 5 % 10 year yield, which a lot of people thought was unimaginable just six months ago. I was in that camp. I was in that camp. Five percent. Now you have people gaming at six percent and people don't understand what's behind it at a time where there's otherwise a risk off feel in the market. That to me is the most interesting aspect given that it is no longer maybe the haven status that it used to be publishing moments ago. Two point five three percent on the real 10 year yield at 180. I said maybe it'll get to 200 an hour out at fifty three. There's convexity. There's acceleration. A lot of people said six months ago back when everybody laughed about five percent yields nominal that if we got to two and a half percent real yields that would torpedo all equity valuations. It would be it. Year over and yet that hasn't been the case in any way shape or form and that has been one of the biggest surprises. The one. Oh go question ahead. The is as you go into the dying two months of the year do you turn into a duration hero. Do you jump in. Do you actually take bonds on here and believe that this is the top or does this market test five twenty five five fifty and look for more term in Tom. Well what do you do if you're in England. John Farrow you remember him as your last week. John Farrow knows the convexity of the 30 year guilt was more abrupt than even the U .S. the speed of a higher yield in the United Kingdom gives pause doesn't it. Well the risk is you saw how bond market completely imploded in the United Kingdom a year ago. I understand that was trust anomics. I'm not making that kind of delusional call. But the issue this is you've got supply you've got many issues dysfunctional Washington huge supply you've got big issues on the bond market. We're so busy now we're going to get to the data check so Lisa can give you a cacophony of a brief this morning with the narratives going on. How about the VIX forget about 20 we're out to 22 .58 with a one stick move on the VIX real showing finally some tension in the market futures at negative 23 in the bond market. We've been discussing 512 12 on the two year yield you can do the math on a 5 % 10 year that gets you to a two 10 vanilla spread of 12 shocking basis points. This week will we see true and complete .58 disinversion on Brent crude $92 a barrel West Texas intermediate $87 dollars a barrel there's a modest merger in the oil patch will discuss that dollar flat yen did print 150 for a cup of coffee 149 .96 right now euro back to a 6 I don't know what any of that means loony 137 Canada as well saving me the bramo brief well we talked to this morning Larry Adams mentioned the economy is not the stock market and this this week we're getting 30 % of the S &P reporting earnings about 15 trillion dollars of market cap Microsoft alphabet those tomorrow meadow Wednesday Amazon on Thursday the gains of these shares have driven the entire gain on the S &P 500 led by meta up a hundred and fifty six percent so far this year to me the question is how much do they really have a high bar to cross with forward -looking guidance and if they miss is that sort of going to be a significant risk factor for a market that's kind of hanging in there but kind of breaking down on the margin so the theory should be at five let's call it five five five and a quarter for a bandwidth on bonds because markets like to overreach and test new levels we're in a new zone we're above five percent so in theory your growth stock should in theory come under pressure however the saving grace of the names that you've just mentioned and this is digging deep into this sort of memory of two weeks ago is the balance sheets the cash on those balance sheets you're right i think general growth will be tested but i think some of those mega cap sevens will be resilient because of the balance talking sheets about balance sheets we also have central banks reporting earnings this week i'm actually very curious about balance sheet decisions bank canada of wednesday ecb on thursday not expecting a big move there and yet we do see rates staying where they are on the two -year longer term uh... in that you're up for a longer period of time in this week's economic data to me this is something you've been mentioning a lot tom which is the gdp and how much it's re all the ratings and third quarter gdp is going to come out on thursday along with personal consumption and core p c and is it going to show that re acceleration of the atlanta fed gdp now shows at five point four percent currently i'm so glad you brought this up folks this is a reframe after what some people are saying is five percent sent gdp real which i'm gonna round out to eight percent nominal gdp p it may be a little lighter than that but these are stunning numbers for the pundits looking back six months and this is a reason why some people are wondering is this growth incompatible with getting down to two percent inflation and is this growth really what's behind yields on the ten -year at five percent tom right now we're going to begin here menace cranny lisa brammetson tom keene with our definitive call in the day global on fixed -income waley is global chief investment strategist of blackrock prodigious in in mathematics and joins us here on our fears of price down and yield up waley thank you so much for finding the time where is the bid on this to me the bid is walked away is that true is there just a dearth of bid across all of fixed -income there are lots of moving parts right now good morning and everyone um in terms of our view on long bonds long duration have been underweight u .s long duration for three years now since late 20 when 10 -year yields was below one percent and last week we closed the underweight to get to neutral there are a couple of moving parts in terms
"six months ago" Discussed on WTOP
"And 51 in Silver Spring brought to you by Len the Plumber Heating and Air, trusted same -day service seven days a week. Coming up former President Trump's civil fraud trial set to resume today 721. This is Greg O 'Connell with Nutanix. Analysts predict that 50 % of data be will generated at the edge by 2026 but delivering full stack IT functionality and harnessing the data that proliferates there is tricky. If you followed us here lately you know one of the best things about Nutanix is that our hybrid multi -cloud platform allows organizations to run all their apps anywhere. When we pair that Red Hat's with industry leading technology customers get that full stack experience at the edge without the bulk of traditional infrastructure specialized and personnel. Learn more with us at the Red Hat Government Summit on November where you'll meet Nutanix and Red Hat subject matter experts and network with your peers Nutanix delivers the platform that enables organizations to run all of their apps from anywhere. Learn Learn more about how Nutanix and Red Hat are partnering to deliver a full stack IT experience at the edge at Red Hat's Government Symposium on November 15th. Register at Nutanix .com slash Red Hat Gov. Remodeling for how you live today. Here's Craig Durosco, founder of Sun Design Remodeling, sharing how remodeling can bring family and friends together. Some of these families have lived apart for 50 years, you know, and so how do you blend them back in and live together in the same home? And so there are that ways you can blend families more successfully than others. One is understanding what's important to each person and so kind of just interviewing from what do you do during the day? Do you like to read? Do you like bright areas, the sunroom? So obviously it's not going to be successful to put mom in the basement with no windows if she likes to read in the sunroom and so kind of getting an understanding of each person and what they do. Join Sun Design at their remodeled home tour event in Arlington on Saturday, October 21st. Learn your how neighbors are modifying their homes for a better quality of life. Visit sundesigning .com for details. You're listening to WTOP News. It's 723. Former President Trump's longtime finance chief is set to testify today in a civil trial in New York. Allen Weisselberg, who's also a defendant in the draft fraud lawsuit, is expected to testify about his role in preparing annual financial statements. New York Attorney General Letitia James claims Weisselberg engineered Mr. Trump's financial statements to meet his demands that they show increases in his net worth and signed off on lofty valuations for assets despite appraisals to the military. Weisselberg left a New York City jail six months ago after serving 100 days for dodging taxes. A program that helps local teens avoid charges and a criminal record is now getting more funding so it can expand. Maryland Senators Ben Cardin and Chris Van Hollen and other lawmakers announced $400 ,000 for Anne Arundel County's Fresh Start project. It came through a recent Justice Department grant last month. According to the Capitol News Service, the funding will expand the three month long program that takes teens facing low level criminal offenses and pairs them with an officer as a mentor. They're often set up with counseling and mental health services. They also go through what is called the School of Charm where they learn interview skills and even go shopping for professional looking clothing. Luke Looker, WTOP News. Sports at 25 and 55 powered by Red River. Technology decisions aren't black and white. Think Red. Dave Preston, get us up to speed on baseball. Well, playoff action last night saw Atlanta rally past
"six months ago" Discussed on WGN Radio
"Six months ago they weren't talking about Joe Biden's age now look at the last few polls that have come out on MSNBC now what they and also CNN do is they're they saying include things like 73 Donald Trump % I say of well Americans 52 think % Joe of Biden's the people say too Donald old Trump's now too old they got up include Trump but let me tell you Trump is an 80 year old that looks like a 50 year old in comparison to Joe Biden he's and undaunted in comparison and to many other particularly people under older the than fire Trump Trump the onslaught he that never he's seems facing right that now you know and Trenton that's Barrett America what's bothering but everybody it's going to be because Gavin Newsom it's been preordained and Ron DeSantis that that's we what are the supposed powers to that be grin have said you now can get rid of Joe Biden and you can bring in Newsom and that's why the age they're question ready to came substitute up and this this is what I'm younger telling you don't guy look at this what they're telling surrogate you read between who's the lines the ready to go reason and he's they're bringing up Gavin his age is Newsom he is was you nothing know but it's Machiavelli complimentary to and he Joe went Biden after him he's no he not slamming was complimentary him so to when him he he acted steps like in Joe Biden it's not going sliced to be oh he bread but he was ready to go and they've already said he's the guy now the problem they have is it is DeSantis sticky and can't 1971 ridiculous it's live now up not to going his part anywhere indictments because because every people Donald time get they Trump's more pull another and base more is indictment solid so which in thick is the up Trump to camp who he is before the way that were he is oh so he tweets it's too much backfiring or he's but too regardless bombastic they of the scenario see Biden's why gone he two nine factoids percent during the per four years year of real Trump wages real which is the wages differential between one income up with and Americans inflation under the first almost three years of Joe Biden has gone down five percent that's a fourteen percent because what whip the and Saudis are inflation doing and is I about see to the mainstream accelerate media toward is blaming the the end of Russians September the here Russians in October are November back it December is all Trump about is Vladimir is Putin a reelected withholding and what's oil happening from the market in in the national order media to drive is up gasoline there cannot prices be so a positive that story about Trump and every time he's indicted or there's a motion in Fulton County the popularity having failed of the with Trumpster with goes up which means the indictments having parceled failed with the two out having ridiculous failed impeachments setting the which day before March was Madness passed happens back in in 1871 the political realm now they want to use the 14th amendment in order to keep Confederate generals from running for the US Senate now they want to use section 3 of the 14th amendment to to keep say them off that the Trump ballot by supported any insurrectionists means necessary Trump and wants I also note to that black folks overturn are the US now government to reporting the Democratic candidate in ever decreasing numbers especially black males and when I see Stephen a A. Smith Facebook posting the that legendary ESPN Ohtani broadcaster forced to apologize could never because be the face he of Major made League he was forced Baseball to apologize Ohtani because so doesn't political speak the correctness native tongue which is is running English amok or Spanish but one or you the other can't speak for black males any more than I speak for white males but nonetheless the black males see things the to a tuition chicanery and when the fraud it comes and to the the mythical idea racism that Democratic is Party have screwed finally us for black so folks many coming times to for a 200 years ears screw we the pooch can't take and it anymore try and to sell will the black pups women here with soon Donald follow Trump and yeah these indictments and so here's why Democrats it's a huge really issue and it's it's part of its overt but there's a subliminal undertone to it that I'll justice explain there's they so always here's want where to we come are after the you poor black got black man people right who it's have said for years is black people a dual this system white of people people have another system of justice whether it's cocaine and crack or whatever it may be and so suddenly white -president Donald ex Trump is under Republican fire and who and is he Donald he's Trump under is a more rich fire than what did any he do black man yeah in history they they go what want did he him do 91 so guess counts what we and can black no people longer are going say the system is rigged against poor black people particularly poor black men black people the now get system it it is isn't just about right rigged okay that's back in the 60s they the deal targeted and blacks black today point itself at whatever they're it decides targeting and rich now black people white are going wait conservative a minute it's no men longer we so can't the system say it was will just point us it was a system that did it now who controls the system well we all know who controls the system when you want it to was know who targeted controls the at system blacks democrats you want to know who controls and the system that's billy what's waking people democrats up and that's when what's waking up that's what's waking up these slightly left -leaning democrats that are going you know what I don't I may not like and Trump but now you what juxtapose I don't like that is to everything a justice system else that's that happening determines we've who's determined that Ukraine evil and is who's good good Ukraine Putin is our enemy is you evil we've determined know you we could go know into wooflu all these oh different the avenues new variant global of wooflu climate once you once you prove that the that it's all a lie people start to wonder well I love your uh your Obama uh kevinjacksonnetwork and if somehow the .com Democratic story Party about switches oprah to winfrey's Michelle Obama guru who oprah opened up winfrey the u if .s. you take michelle tennis tournament about suburbanites two weeks are going ago to vote you're and going to she go after was michelle a obama wine hard dined in but pocket line I between think she's her and oprah a unbeatable i because love this story you have that oprah's guru sentenced to 99 years for raping children and
"six months ago" Discussed on Bloomberg Radio New York
"Won't fall further because obviously there is that massive issue which is the interest rates have gone up so much that people can no longer borrow. I mean at the end when interest rates go up cannot buyers borrow as much money and therefore they cannot afford the prices that sellers wanted a year ago or six months ago. So the sellers have to give way or they have to sit in their houses which is as Damien said one reason why transactions have kind of off fallen a cliff because you know there's a stalemate going on but the longer that continues the longer you that know the more I think that we'd have to resolve in favor of the buyers rather than the sellers because you know if you want to move then at some point you're gonna have to accept that well people just don't want to buy in pearl anymore. What is happening Damien on the mortgage market then just flesh that out for us we saw a lot of big banks pulling deals recently that that grabbed a lot of headlines because rates were just going up markets were repricing on higher rates from the BoE. Has that started to settle a little bit what are you looking at in terms of kind of two year five year I mean John touched on this but but unpack a little bit more for us yeah so we've seen some headlines in the last couple of weeks of lenders sort of slowly putting rates down and when I say down we're still essentially touching 15 year highs when it comes to the two year and five year fixed now there's tens of thousands of remortgages waiting to happen in September now those people people have have been able to secure those new deals for the last six months but it spells a period of pain coming up at the end of the year when people are coming off those fixed deals which would have been locked in at much lower rates and are now sort of looking at mortgage rates of up to almost six percent in terms of the average so there's going to be a lot of pain to happen towards the end of this year and despite the fact that lenders are slowly cutting rates we're still so much higher than we saw during that era of cheap money so there's a paying to come for these re -mortgages and the buy to let mortgages are a particular pinch point that we've seen and that's come out in some of the recent data as well of how many landlords are being forced to sell up because they can't afford the increase in interest rates as well. What's the impact on the rental market? Well, I mean, renters are at the sharp end of the problems in the property market at the moment. There's a lot of pressure on landlord finances, a lot of them are on trust -only mortgages, or the majority are, which means that every time there's a BOE hike, to they're going feel the pain more than those sort of standard mortgage holders who are on fixed deals and the only option really is to hike renters' monthly bills or sell up. We've seen an uptick in landlords selling their properties over the last six months and that's quite probably in response to these high mortgage rates and the fact that they see those BOE hikes quite intensely when they happen. But for renters, they're seeing their monthly bills go up a lot and these are the people that want to get on the housing ladder. I'm a renter myself and due for a rent hike at the end of this month so when you start consider to how much that takes the opportunity of getting onto the housing ladder away from you, it's a pretty stark reality for those renters. Yeah indeed. John, on buy -to -let, is buy -to -let still a good investment? I No, mean if you're thinking of starting now I would say no. I mean I imagine what's happening, and this is purely conjecture, but imagine what's happening with these buy -to -let landlords who have been forced to sell up. One of the problems is that they're not then selling to first -time buyers, they're actually probably selling to other cash -rich, more professional landlords. That was Bloomberg's John Stepech, author of the money distilled newsletter, and Damien Shepherd, our residential real estate reporter. One sector of the market we didn't get a chance to discuss with them was luxury homes. He's been reporting about the discounts that sellers are having to offer on houses worth millions of pounds as they try to attract buyers, so perhaps an opportunity in London's market for those with a few million to spare. I'm Carroll Stephen in London. You can catch us every weekday morning here for Bloomberg Daybreak Europe, beginning at 6am in London and 1am on Wall Street. Tom, thank you Stephen, and coming up on Bloomberg Daybreak Weekend, a look at what's happening in China's economy, I'm Tom Busby and this is Bloomberg. Can't catch us live. Your favorite Bloomberg radio shows, including Bloomberg Surveillance, Wall Street Week and Bloomberg Sound On are also available as podcasts. Listen today on Apple, Spotify and anywhere else you get your podcasts. This is a Bloomberg Money Minute for WW W. Better known as Weight Watchers, it's a major change. Earlier this year, it bought Sequence, a medicine start -up that prescribes drugs known as GLP -1s, the best known of which is Wegovy from Novo Nordisk. CEO Seema Sistani says weight loss is no longer just
"six months ago" Discussed on KLBJ 590AM
"Where there are times where there's a particularly bad flu season and the flu vaccine, saying big farmer companies, the flu vaccine is really very minimal in its in its effectiveness, you know, they'll say, Oh, it's only 30 or 40%. Or maybe that's percent. And then people are making decisions. Okay, well, do I want to get this shot? That I'm probably going to be fine even if I get the flu, and it's only 50% at best effective anyway, and people have been making those choices for a long time. We have eliminated in society right now where it has been eliminated for us. I should say the ability to make those kinds of decisions now you're not allowed to make those kinds of decisions and what they with clay. What they agreed with us What the Biden Iniesta's And the Fauci ICTs agreed was reasonable six months ago is no longer reasonable. That's where we are. And and and the point is, I think this is significant. This ain't the end of the road. Right? I think your point on at some point if things get worse in the fall in the winter, they are going to mandate. I think you're right. They're going to mandate a vaccine to be able to get on an airplane and cross state lines. I think that's where we're coming. Yeah, and that's that's when folks are going to see that there is the only escape is to use power in opposition to their power not to run and hide and hope that they don't come for you whether or just a citizen or a governor or anybody, But, you know, I pay close attention to the stock market for all kinds of reasons, and I'm into investing. So when I was introduced to a service called Carnivore Trading, I was intrigued. Carnivore Trading is an elite group of Wall Street traders who reveal their real time stock trades to us. I find myself paying attention to their moves and their advice, and I follow it..
"six months ago" Discussed on KQED Radio
"Blake, Farmer of member station WPL in in Nashville, reports. It's a struggle for Joe Gammon to talk right now. Mhm. Lying in his I C u beds at an Ascension hospital in Nashville. He uses a suction tube to clear his own throat. Even dislodging some flim has become a struggle. I wanted out six months ago that this could be possible. This would have Internet breaker. Right? Honestly didn't think that I was at any risk. Gammon is a 45 year old father of six from Middle Tennessee. He's a truck driver who says he listens to a lot of conservative talk radio and the daily diet tribes, downplaying the pandemic and promoting personal freedom or enough to dissuade him from vaccination. But he's a convert now, and he's thankful he didn't get anyone else so sick. They're in an I C u like he is just to say no. Is it responsible because it might not as they really affect you? What if it affected your spouse or your child? You wouldn't want that? Are you sure would put that on your heart. Gammon still fighting for his life. He has thick tubes running out a hole in his neck, pumping blood through an ECMO machine to be oxygenated, since his lungs are too damaged from Covid. This. I see you is only treating covid patients and that fact should be pretty convincing to vaccine holdouts, says Critical care nurse Angie Giza Wicks. We don't have people in the hospital suffering horrible reactions to the vaccine. If all the patients on this whole could talk this week says they'd say something like Learn from my mistake. She recalls an elderly woman who would wave at the nurses from her sealed room desperate for anyone to talk to the first I took care of her, she said. I guess I should have taken that back. Singing in us said Well Yeah, honey, probably that we're here where we are now, And let's just do what we can for you. That woman Like so many who didn't take.
"six months ago" Discussed on Liberty Talk FM
"Pretty tall 5 to 0 to 3803699 vesting your number. You're welcome to Colin joined the show and talk about whatever is on your mind. 20 to 3803699 with you tonight. It's aria and Mark just sort of making fun of MSNBC at the moment because they are obsessed with Donald Trump. Despite the fact that he left office more than almost six months ago. And it's not surprising because Obama spent the better part of eight years talking about George W. Bush. And if I recall correctly, George W. Bush spent the better part of eight years talking about well, No, he mostly just talked about WMDs in the war on terror detainee I don't like, you know, I mean, a few times. I remember Obama mentioning the former administration and things like that, But, um, you know, really I seem to recall it happening a lot, but I could be wrong. Anyway, Let's go to the phones. We've got David calling from Michigan. David, you're on free talk live. Hey, what's happening, guys? So Aria and Mark? Um, thank you so much for bringing back the mark. Ian aesthetic. You guys emulated perfectly, so I appreciate it. Yeah, I've said more than once that arias Ian and address I don't know how to feel about that. Mark. Yeah, that's a little mean, but it's well, I'll ask. I mean, I didn't. I didn't get here by being nice, David. Right on right on, and Aria. There's no Kitty cam tonight. That's because there actually is now I just turned on the cat wasn't in my lap. So is she. Is she in there now that otherwise this is pointing out my lap, and it's kind of with various poor cat is having issues right now she's I believe in heat going going indeed or going out of heat, and, uh, Boy, Does she need some attention? Well, she always needs attention. That's not new. Well, she jumped up in my lap, which is new. First time that's ever happened. I have the stream up on the T V and my kitties, love seeing Arias Kitty, So there's that That's awesome. She's a sweet, sweet animal. Well, thank you so much for the call tonight, David. Uh Guess I'm happy to know that. I mean, I consider Ian to be you know, the pinnacle of doing talk radio. So if we can emulate the dynamic between you and in that I consider that a compliment. I think it's what made free talk live. What it is, is people. Um, you know, People when any other show out there. The host is such an Arrogant. Impossible individual like you. Well, I don't think I am that, but that's fine. Um, well, you are very arrogant. You call arrogant people never imagine for a second that they're actually arrogant. But let's move on from that particular topic may or may not be true. You're like, pretend arrogant. I I don't know. I think that I am. I am vain. But I know that I'm vain and so therefore I can go to work within a world understanding that I'll give you that your pain, not arrogant, Okay? And so, But, I mean, you know these these talk show hosts. They don't want to hear anything That sounds like somebody disagreeing with them and free talk live brings to the airwaves Disagreement. And even when we agree on a lot of topics, and you can bring up anything on free talk live and the number is 20 to 3803699, and it's going to take me a really long time to memorize that. Yeah, It's not gonna be any time soon for me either The and then who knows how long we're going to have that number. So you know whatever the case may be. But, uh, yeah. I mean, that's we just have a different dynamic in and I managed. As I said, I made a living disagreeing with you. And you know you and I have that have a similar chemistry. I think you're really sort of stepping into it. Um, we had. There was a conversation a couple of few weeks ago with the co host where I'm like, y'all need to disagree more. And, um, like, you know, I gave everybody license to disagree with me. Where? I don't know that I have done that recently. Of course, Anybody can disagree with me. My opinion isn't right on everything. I mean, what kind of insane Megalomaniacal digit would believe that they're right about everything. I simply have opinions, and those opinions need to be challenged in order for us to determine whether those opinions are right or wrong, and I don't stick to an opinion just because I came up with an opinion. I stick to opinion because I'm kind of rigid in my thinking. I'll try a new thing. A new idea out. And it takes me a little while to try the next one in the next one. Next one. I'm not that fluid. I'm significantly more fluid than, say. Most people who do my line of work, but, um, you know, I'm not gonna I'm not likely to change my opinion in an evening. There have been a few times. Most recently. I can recall Starchild, one of our listeners from San Francisco, a listener from San Francisco, Um, calling in and and challenging me on something I'm like. That's right. And you know, in an instant change my opinion. But it doesn't happen a lot. No, but I mean You asked Who believes that they're right all the time and Just want to point out that believing yourself to be right all the time prevents you from ever learning anything? Yeah, because in order to learn something, you have to admit that you're wrong or you don't know something. Someone who believes they know everything has shut off their capacity to learn. People ask dangerous. People asked me to participate in debates all the time, and I'm like, I don't wanna participate in debate. A debate suggests that I am right on a subject and that I will not change my opinion. But if the person in the debate presents information to me that, uh you know that I, to which I don't have an answer is the first step in changing my mind. And then sort of the second step is is, uh, you know, while making a good argument for your case, and that sort of thing Yeah, I want to be able to change my mind on a particular topic. Well, you can still do that during a debate. You would just sort of concede the debate. You could sure, but I don't like the term. I don't participate in debates. I participate in discussions. That's a better term, I think, and I want to discuss the topic. Whatever the topic might be, in this case, um, our CNN and MSNBC just obsessed with Trump for the purpose of getting more ratings and fanning the flames of the hatred of their Uh, you know, mind numbed adherence. Look, I understand if you don't like Trump, he wasn't my favorite president either. And I understand if you don't like Biden, you know, out of all of the presidents that have it that have been president in my lifetime. I have to say honestly. I think Trump probably was my favorite. Really. He's the only one that didn't start a new war. Um, but for that, it seemed like he was trying with Iran, but he did. It started. And I mean, they've been trying with Iran for such a very long time going all the way back to you know George W. Bush the number one thing I liked about Donald Trump and I'm I'm willing to say this all the time is I can't remember exactly, but it was like a response to he was going to respond to Iran's response to the killing of the general or something like that. And he said, no, I think it was the rand bothering the shipped out the Persian Gulf. And he said, Well, they told me that they're going to kill like 127 people. And so I called off the.
"six months ago" Discussed on The Road To A Billion
"So i did this. And serena like nagin vents for anybody. That doesn't know it. This does so if you want to write for any any big company whether it be financial or fitness you can do. It doesn't matter if you're big inner. Since i saw here up to questions from there were junior writers. You can do anything with whatever strategy justin So what happened is. I contacted them and right now. I'm writing the copy. But i wonder how would i apply as advice on helping vitro in this case grow beyond just providing my services. A as a copywriter doesn't make sense does make sense so they replied to you and said cool man. Yeah go ahead. And we're going to do they. Did they pay you for free. What's the context with that part. I just contacted them even before writing the copy told him. Hey i'm gonna. I decided to write some samples for you. And i'm going to get them to you no matter no matter what so. If you tell me a preferred email you'd like to receive. Matt is just going to be easier and faster for you so able to respond to me. They were excited to receive some Where would you. Where would you rate your copywriting right now. On a scale from zero to ten. I mean i started like six months ago. I rowed as you may remember for this market marketing Facebook like recognized marketing europe and i can leverage some about authority ni- copywriting would be compared to yours. Yours is like it then. I would put it in light compared the you would be like a four three compared to you but i've written like some facebook ads and some some sales letters and the people i wrote it for who actually have w riding in hired copywriters. They liked it. So i have decent confidence but i also told them like if you if you think the communist shit is fine..
"six months ago" Discussed on News Talk 1130 WISN
"Did six months ago. It's your comfort zone. It's where you feel the safest It's where you feel connected and they're just investing time and investing energy in their home and in their sanctuary. You know the place that they love and cherish honey mustard dot com I still cry when I hear that song. Wanna make your yard The envy of the neighborhood tune into Braddock and Hagen. Seasonal services landscape design show to learn breaths, landscaping secrets, Visit seasonal services calm and listen on Newstalk, 11 30 W. E s and Saturdays and 1 P.m.. Church and chapel, funeral homes, comfortable locations, comfortable People, Church and chapel funeral homes. There's one near you. It comes to windows and doors. Your clear choice for more is Lisbon Storm screen indoors, just north of North Avenue and 50th in Lisbon or it. Lisbon storm dot com. You're clear choice for more lives been starving Street indoor. Be sure to listen to the NX Wealth management investment shows Saturday mornings at 11 and Sunday afternoons at one on news talk 11 30 w I S N an ex provides its expertise to arm listeners with the knowledge and tools to invest wisely. Annex Wealth management know the difference. There used to be a day when the national news media prided itself on getting the story right. Those days are gone. Now it's slanted stories, unnamed sources and fake news. The gold no longer is to inform you the goal is to indoctrinate you hear it. News talk 11 30 w A. S n Our show hosts will give you straightforward information and honest analysis. That is our commitment And that is our daily mission. News Talk 11 30 W s and real life. Real news. Real good. I had a lot coming up on when we get back a lot to get to all right, so it actually starts tomorrow. I said Wednesday. The impeachment shift show charade in Washington. We'll check in with the latest news, John Solomon latest legal analysis. Break. Jarrett later on media coverage. All things hate conservative and canceled Joe Contract coming up. Small business owners don't.
"six months ago" Discussed on Newsradio 600 KOGO
"To business. But things are a little different than six months ago. What does that mean for your customers? And when things are constantly changing? How do you know you're making the right decisions? What? You need is research record research. Raccoon is the easy way to learn about your customers, and it's affordable for businesses of all sizes. Here's how it works. Ask a question and research Raccoon pulls a U. S based group of people to find out what they think. No having to define an audience or waiting weeks for results. Just data to make smarter decisions. Think of it like a gut check for your plan to re enter the market. That way. Your first move is your best move. So before you reopen your store, reach out to your customers or introduce yourself to a new audience. Talk to research raccoon and get data you can use for less than you think. Visit research. Raccoon dot com To learn more and discover which plan is best for you. Research. Raccoon. Calm a little gut check for your big ideas. Walk in some ice cream with someone sounds like the perfect treat making pizza with someone who's as into it as me what could be better ready to meet people who love to do the same things you do? It's easy one open laptop to go to our time dot com. Three Start for free. Our time is the number one dating site made for singles over 50. It's easy to use and can help you find people who just want to do something fun. Find someone over 50 who loves to do what you do on our time. Go to our time dot com today and start for free. Some big.
"six months ago" Discussed on Newsradio 600 KOGO
"To business. But things are a little different than six months ago. What does that mean for your customers? And when things are constantly changing? How do you know you're making the right decisions? What you need is research. Revco. Research. Raccoon is the easy way to learn about your customers, and it's affordable for businesses of all sizes. Here's how it works. Ask a question and research raccoon pulls a U. S based group of people to find out what they think. No having to define an audience or waiting weeks for results. Just data to make smarter decisions. Think of it like a gut check for your plan to re enter the market. That way. Your first move is your best move. So before you reopen your store, reach out to your customers or introduce yourself to a new audience. Talk to research raccoon and get data you can use for less than you think. Visit research raccoon com To learn more and discover which plan is best for you research. Raccoon dot com A little gut check for your big ideas. Kogo is available everywhere with the I. Heart radio app Now number one for podcasting news radio 600 Kogo and I Heart radio station. Willing, rocking you by choice Hotels kind of Roger Rodeway Inn hotels. They're serving up double points for every qualifying stage book a choice hotels dot com..
"six months ago" Discussed on 710 WOR
"Was diagnosed six months ago with lung cancer. He had tests done at one of the super biggest hospitals in New York, right, called his doctor to get the records and what he had a cough. He had shortness of breath. He had a Cat scan. He had a pet scan. He was offered surgery one of the biggest hospitals and declined and had no more testing six months and no more testing. He? Ah, wait was 1 92 A and he had a pet scan showed activity. The right and left legs and number years offered surge into the biggest hospital. They're going to cut out his lung, and I called his doctor had terrible pain. I saw him. I examined him and, well, his doctor called me back. It's his doctor Liederman. They seeing this Spanish it? Yes, I'm singing his terrible pain. And he says, Well, we don't think he has cancer and his legs. And I said Okay, but your scan showed he had cancer in the legs. Does anyone look at the scan that you all did before you offered surgery said, Well, we don't think this cancer and Alexis in okay. So we did our own scan. He said. He trusted me, which is a beautiful thing. He trusted me. We did a scan and we saw a big hole in his pelvis of cancer eating through his pal vis bone in his leg bone, a big hole. Big lyric hole of the biggest holes I've seen and then one of the biggest hospitals, they're going to cut out his lung, even when he had stage four cancer. We're cutting out his lung. When you have stage four cancer, and the cancer already traveled to the bones went through the bloodstream, like burning down the barn when the barn door was open long time ago, doesn't take care of the problem. And had he had that surgery and the long and had he had his lung removed. It wouldn't have helped him private have been left in pain. What private But I see you wanna ventilator with a chest tube. And the cancer was still traveling. And no one thought to get other tests if I had a doubt about it. Even though the pet scan there, there's big Super Pooper hospital showed cancer traveled to the bone highly suspicious. Everyone ignored it wanting to do surgery on him. That's what we see so often so often we see surgeons that seemed to want to cut Ignoring the symptoms. Like a few minutes ago, we talked about the woman who came to us with decreased memory and vision. And her doctors wouldn't listen to her symptoms and wouldn't Follow up and took six months She finally came back here. We got an Emory confirming the metastases to the brain, And meanwhile, she'd had chemo and surgery and so much other treatment. Ignoring the symptoms. This man just have to ask you how you're feeling the first thing, he says. I have painted ride by legs. My left is worse than my right. In fact, that's how it was in the left side. There was a huge hole in the bone where cancer eating through and that's why We listen to the patients of big difference instead of their acting like we're the king of the world's. No. We listen to the patient. We talked to the patient. We, the doctors, not a nurse. The P A. Not a secretary, not a clerk, a real doctor. And meanwhile I wanna say something and introduce myself because so many people are giving advice on the radio in life. And even if this big hospital and totally misled this man they misled him would tell him he had to have the surgery and lucky for him. He refused. Lucky for him. He refused. He came here. He found the cause of the problem. Cancer Charming to the leg, so wanna introduce myself So you know who's on the other side of the radio? My name's Dr Gill Liederman. I was born and raised in Waterloo, Iowa, went to public school University Medical School, MD. At 25 like my brother, Ted, Dr Ted Liederman. MD 25 like my wonderful son, Arial Liederman, MD 25 real doctor. Three Dr Leader, Mons All MDS at 25. I went onto your wrist of Chicago. My son Ariel went on and trained in cancer and radiation and is working here at 13. D for Broadway. There's patients love him. The staff love him. The families of patients love him because he's thoughtful and caring and compassionate and complete. And does the right thing. And you're lucky to have Dr Arial Liederman to be your doctor and you can call and make an appointment..
"six months ago" Discussed on 77WABC Radio
"My information is that our allies have shocked you hear the same thing. And I'm thinking of NATO in particular. Yeah, they're beyond shocked. I mean, I think You know, I'm I do foreign policy. So I talked to a lot of people in foreign governments and in other countries, and I really think they thought they had seen it all over the past four or five years. You know they including the election, they never thought they'd see an American president who just decided not to concede and claim Despite all evidence to the contrary, that he had actually won the election in a landslide. It was refusing to give up power. They saw that what they never thought they would see is at the core of American democracy, You know, literally mob rule. Try to go in and interrupt, you know, a core function. Of Democratic practice, and I think it really shakes people. It's not shocking just because of the spectacle of the whole thing, but you know there's a certain solidity to American democracy in American power in the world, and that's in doubt to some degree right now. Richard Fontaine is the chief executive officer of Center for New American Security writing at the Hill. Final question. Richard. Do we have a timeline here? How quickly We need to do this six months ago year despite hidden convey didn't do this in 100 days, just 30 seconds to come in. Well, I the healing the unity is going to take a very long time. But I think he could start right away. And I think you got what it takes in terms of kind of bipartisan and unity spirit. Be able to start down that path. I mean, ultimately, this is likely to be the work of a very long time. You know, a suit is inauguration, it can get started. I'm John Baxter. This is the John battleship. Hi. I'm Danica Patrick. Watching my nieces grow, play and learn is amazing. But not every child gets to be carefree..
"six months ago" Discussed on Newsradio 600 KOGO
"Apply. You lean on podcasts for laughs, Headlines, stories to get our adrenaline pumping and voices to comfort us podcast. They're exploding. And every Sandra, there's something for everybody Join us. January 21st for our 2021 I Heart Radio Podcast Award. Women's Voices need to be heard and celebrated, introducing the Seneca Women Podcast Award in Partnership with PMG at the 2021 I Heart Radio Podcast awards, first of its Kind award given to a woman podcaster, who is amplifying the Voices of other women heard the good news about covert 19 vaccines. Yeah, they're coming, But you could do a lot more than just wait. See, you have the power to help slow the spread. Actually, you could be a real difference maker and protect your family and loved ones too. Here's how watch your distance stay at least 6 ft. Away from folks you don't live with, and it's risky to be indoors with him, too. No matter how far apart you are, and, of course, avoid crowds. Also wear a mask. CDC reports that masks protect both the person wearing them and the folks around him from particles that carry the virus and wash your hands using soap and water for 20 seconds and do it frequently. Watch your distance, Wear a mask and wash your hands simple, effective and along with vaccines. There how you can make a big difference. Learn more about vaccines at CDC dot gov slash coronavirus brought to you by the U. S. Department of Health and Human Services. Super Solaris is your local veteran owned and operated solar battery storage, roofing heating and air conditioning solution to separate Solaris and declare your independence from the energy companies visits Emperor Solaris. Com. Today Your business is getting back to business, but things are a little different. And then six months ago. What does that mean for your customers? And when things are constantly changing, how do you know you're making the right decisions? What you need is research Revco Research. Raccoon is the easy way to learn about your customers, and it's affordable for businesses of all sizes. Here's how it works. Ask a question and research Raccoon pulls a U. S based group of people to find out what they think. No having to define an audience or waiting weeks for results..
"six months ago" Discussed on WHAS 840 AM
"Is getting back to business. But things are a little different than six months ago. What does that mean for your customers? And when things are constantly changing? How do you know you're making the right decisions? What you need is research. Revco. Research. Raccoon is the easy way to learn about your customers, and it's affordable for businesses of all sizes. Here's how it works. Ask a question and research raccoon pulls a U. S based group of people to find out what they think. No having to define an audience or waiting weeks for results. Just data to make smarter decisions. Think of it like a gut check for your plan to re enter the market. That way. Your first move is your best move. So before you reopen your store, reach out to your customers or introduce yourself to a new audience. Talk to research raccoon and get data you can use for less than you think. Visit research. Raccoon dot com To learn more and discover which plan is best for you. Research. Raccoon. Calm a little gut check for your big ideas. Way all know the most common New Year's resolution. Get in shape and I her radio's got you covered. Just put on your headphones intact playlists. We've got the rock pump up playlist, the running hits playlist and dozens more plus the new year new You Podcast Feed, Ah, hand curated collection of the most inspiring and motivating podcast episodes to help you achieve your New year's resolutions. 2020 set the bar pretty low. So you got this. I heard radio number one for music, radio and podcasting, all in one happen. Review The news can change in an instant check in 345 times a day for continual updates and let the American people see what's going on here on use Radio. Wait, 40. Double new H A s o folks. Thanks for joining us for a a boy. Fun show a show I'm talking about all week. Oh, yes, Crazy All week was, you know we got the new police chief, Erica Shields and we're pulling for her. We think she's had a horrific first couple of days. We're also pulling for her. LF l A p d. We're also pulling for the city of Louisville to have a lower number than I don't know 177. Victims of murder in this year, um, so way want to thank everybody for listening and keeping up with these radio 8 40. Wh Yes, he's Dave joining some Tony Canetti, and that's Dwight wouldn't have a great weekend. Good night, Mary. The car Tuesday Wednesday break My heart on Thursday doesn't even start its stride on a loan that day way as President Trump's term winds down I know your pain. I know you're hurt. He's definitely not leaving quietly. But we can't play into the hands of these people way have to have peace because the news never stops..
"six months ago" Discussed on KTOK
"Six months ago. What does that mean for your customers and when things are constantly changing, how do you know you're making the right decisions? What you need is research Revco Research. Raccoon is the easy way to learn about your customers, and it's affordable for businesses of all sizes. Here's how it works. Ask a question and research Raccoon pulls a U. S based group of people to find out what they think. No Having to define an audience are waiting weeks for results. Just data to make smarter decisions. Think of it like a gut check for your plan to re enter the market that way, Your first move is your best move. So before you reopen your store, reach out to your customers or introduce yourself to a new audience, talk to research raccoon and get data you can use for less than you think. Isn't research raccoon com to learn more and discover which plan is best for you research. Raccoon dot com A little gut check for your big ideas. Well, come in your city. They get tired of saying you conscious sound will be flying Highland jail on her. And if you want a little banking union coming home, we're dismissing. The concerns of tens of millions American again. I didn't I didn't like this fire. This fire is lit in over four for four years ago, and we've destroyed the credibility of you have destroyed the credibility of the news media. Buy your bias, but is the son of a Cuban immigrant? I have said many, many times. Screw the Chinese Communists. America. Apparently, Eric Swalwell said. Okay, Fredo is back in style. Welcome to the revolution. We're coming to your senses, Get tiles and saying you conscious, saw you, Sean Hannity show more behind the scenes information on breaking news and more. We're bold inspired solutions for America..
"six months ago" Discussed on Biz Talk Radio
"Economy right right and then kills an individual by helping the economy or exact because of helping the economy. It also helps individuals right because they're able to hire more people. You're buying equipment. That company now is can hire more people to build the equipment. So on and so forth, right the trickle down economics effect, But what's interesting is now we've got folks that Are sitting on the sidelines, saying, I don't know if I want to invest some of this cash, and we're not talking about their ire Rays and maybe the Roth. I raised the money. That's a long, long term. We're talking about the money that may they may need 3 to 5 years for either business or personal things. It's the decision that they have to make. It's an emotional one, right. It's like, Well, what's gonna happen in the next 3 to 4 years? Is the mark gonna grow. If we have higher taxes and more regulations, and it's harder to do business because a covert covert still right here in our face, everybody thought it was gonna be gone six months ago, and here we are, where they were having more restrictions. Um, or shutdowns all over the country. Talking started about that. But, yes, I'm talking about mandatory vaccines and contract tracing and all this stuff and it's crazy. You could just go up. How much longer can you continue like this and expect the country to grow and grow sustainably with Government intervention because right now, really, if you look back, we are a patient that has very little time to live in their living on life support right because the government pumped a bunch of money into the economy, and that's the life support. But if you talking over the phone, they sound pretty good, right? Oh, you're doing pretty good, Jim. Glad to hear but you know he's sitting there with all the tubes hooked up to him. And that's what we've got going on right now. Is that governments pumped in trillions of dollars? Of course people are flush with cash free, cheap money. I mean, I just had a client. Tell me you've got 2.3%. I mean, 2.3 on a on a was that a 15 year mortgage? That's like giving money away. Yeah, no, it is. And so, Lorna, we refinanced our house, and it's a It's about that, But, yeah, I think we Yeah, whatever it was, but we did it for like 20 years, but it's the same deal. It's just super cheap money. Right and good business owners are borrowing it three in which used to be five while ago or six and you know so that here's the thing. It's all well and good to have cheap money. But this this savers are the ones are getting hurt right there trying to invest conservatively and you've got a CD. It's gonna pay me 1.8%. For five years. That's not going to do me any good. There's no interest deal that I know where to go safely and have your money safe and have it grow and that that's hurting that. The savers and the investors, not the debtors, the younger generation let's do a full on retirement move print because at the end of the year, this is the time to look forward into next year and make sure that your taxes and your savings and everything lines up the way it's supposed to. The time of blueprint calls between two and $4000, depending what needs to be done, But we will make a complimentary for how many can you do? Do you have a time? How many do you really have time? Did it Well, we are. We are pretty slammed three at the Max. All right, we'll go. Three. If you want that retirement blueprint, Brian quickly walk us through what you go through and what you do in a retirement blueprint, so folks know. Well, first you meet with Lin Muk. You whose are chartered financial consultant sits down on she goes through and ask questions like when you want to retire, right? What kind of income do you have? What kind of income strategies are there to get more guaranteed income from the government or from your pension or from your assets? We look at the investment strategies. We had a gentleman coming that had a little over $2.5 million recently and he said, I'm not paying any fees. Denny to my custodian, we found about $35,000 of Melfi's. There's no fees that were there but are hard to find under 600 pages of documents right and we went through all of the tax strategies and show them. Here's a trust. That could give you a $53,000 tax savings right now this year, but you have to implement it. Now he goes well, what if I wait till next year? That's real easy. You don't get the tax deduction. It's It's real simple, Simple. Whatever you want to do, and, of course, is to advisers that he's paying. Didn't show on Amy, and that's what every time blueprint of this doing a comprehensive plan looking in all areas of life. There you go. It makes it really simple the number to do that 866 to plan for 866 T o p L A N and the number four Just spell it out 866 to plan and the number four Get that full on retirement blueprint usually calls between about two and $4000..