38 Burst results for "Six Seven"
A highlight from Make 1 ETH In JUST 1 Hour! How I Did It!
"So we're dealing with the red day the hangover from last night's FOMC meeting It's like a delayed reaction to what Jerome Powell said last night We're gonna have to talk about what Jerome Powell said because at the time when he was speaking Nothing happened to markets But afterwards what we realized is exactly this we realized that what Jerome Powell did last night was he may have actually broken the market What is it that he said that actually scared people and why is it that right now if we look at Bitcoin? Here we are. We are at twenty six thousand five hundred and forty. You remember before FOMC last night. We were at twenty seven thousand four hundred We thought we were gonna get a pump We also touched the top of the Bollinger Bands and now we're gonna come down if we start coming down again to the bottom of the Bollinger Bands we could go back down to Twenty five thousand one hundred and fifty five. So what did he do? What did Powell say? What did Powell do that has set off this reaction that has set off the Dixie look at the Dixie The Dixie is now had one two, three, four, five six, seven eight nine We are in the tenth green weekly candle for the Dixie and to make matters actually even worse if you go into the daily the Dixie has just had a golden cross now You know what a golden cross is the golden cross is the opposite of the death cross When you have a death cross usually prices continue to go down when you have the golden cross That's when prices usually go up and I'll take you to the last time that we had this golden cross Look what happened to the Dixie. So what did Powell do? Why is the market responding the way the markets responding we need to talk about that I'm also going to show you something now and then I'm going to tell you that I'm going to tell you why I'm showing it To you so first of all I want you to watch this because this is probably the most important clip that you will see today Channel where we critique attack and under. Hello there you awakening wonders now This isn't the usual type of video we make on this channel where we critique attack and undermine the news in all its corruption Because in this story, I am the news I've received two extremely disturbing letters or a letter and an email one from a mainstream media TV company one from a newspaper listing a litany of Extremely egregious and aggressive attacks as well as some pretty stupid stuffs like my community festival should be stopped that I shouldn't So that's right That's Russell brand and that's the beginning of something that he said and we're gonna talk about it And I know you don't know it now But I'm gonna show you why that is the only Reason in the world that you need to go out and actually buy a Bitcoin today It's the most important nature actually gonna do I'm gonna link it back to the Russell brand story. That's gonna be Saying that we must talk about today This is a story that that cut me deep and we have to spend some time talking about Russell brand Getting potentially cancelled and why that means that you and I need to buy Bitcoin absolutely immediately Then I'm going to show you a brilliant brilliant brilliant trading to the training tool that's gonna change your life I'm gonna show you how I made one East in less than one hour and you can make one East in less than one hour Too I want to talk about a new blockchain the blockchain is that blockchain over there, which is a combination of Solana Cosmo Celestia and Bullrun or be a catalyst for the next bull run then lastly if you want a hundred bucks for free what you need to do is stay tuned until the end of the show and So to get the show going I want to thank the community who sent this to us Bull runs coming back bull runs coming back bull runs coming back bull runs coming back Bull runs coming back bull runs coming back I need crypto banter Give me crypto banter I need crypto answers Hey Hey Go Stack it up on my nose I'm getting obese from this East I've been buying more Sip coffee bean on my screens The crypto show I'm a bull under gold I'm turning these bears into ghosts Snap at school That's the crash course Crypto man runs in a fast Porsche So much news and research I'm just glad for it Spewing all this alpha we go mad for it Crypto banter I need crypto banter Give me crypto banter I need crypto answers You like it? Let me know in the comments if you like it I'd make it Obviously community members sent it to us Thank you thank you thank you If you were the people that sent it to us We will give you guys a thing I mean initially I didn't like it But then the whole day I was like Crypto banter baby Crypto answers Someone says this song is terrible Yeah well you let me know what you think Listen first of all I want to apologize to you guys I want to apologize On behalf of Jerome Powell For giving us the most boring FOMC Meeting of our lives I feel that we all wasted about two hours Of our time last night In fact the most exciting Part of the whole event last night Was watching the Subscriber count on our new channel So this is our new channel Called Crypto Banter Plus If you're not already subscribed to Crypto Banter Plus Go and subscribe to Crypto Banter Plus Because we're gonna have a whole lot of Trading videos here Annie's trading videos My trading videos Sheldon's trading videos And a whole lot more content here And as you subscribe What you'll see Is that we've made this little counter To see how everybody subscribes How do you subscribe? There's a link below It's a top link Click on that link Go to the channel Subscribe to the channel You're gonna miss out Because yesterday The FOMC that we did We actually watched it here On Crypto Banter Plus So this is where a lot more content Is gonna happen On Crypto Banter Plus So be there Join us This is where a lot of stuff Is actually gonna happen And the most exciting thing about last night Was actually just watching the subscriber count It was the only thing that was going up and down Anyway be there as it may Today unfortunately Things aren't so good We are dealing with a delayed reaction A hangover There we go See you guys are subscribing We are dealing with a hangover We're dealing with a delayed reaction From what Powell did Or what Powell said last night And we need to understand Why the market reacted The way that it reacted And that's what we're gonna be doing today We're also gonna be talking about Russell Brand And how Russell Brand is actually getting cancelled And the lengths that governments are going to To cancel him Why are they trying to cancel him And why is that a reason Why you and I need to buy Bitcoin immediately So listen If you're not already a subscriber to this channel Subscribe to this channel If you're not a subscriber to Banta Plus Go and subscribe to Banta Plus I see you guys subscribing to Banta Plus Thank you, thank you, thank you Let's get this show on the road We've got a lot to talk about today As we stand today We're still positive For the month of September Remember I said we're gonna be positive For the month of September We are still 3 % up Even though It's not looking good out there It's not looking good 26 ,570 Bubbles Are absolutely, absolutely red If Benjamin Cowen is right He says Get this Let's change the scene here Let's make it look more elegant How cool is that So in 2019 After the first 20 days of September Bitcoin was up 6 % But by the end of the month Bitcoin was down almost 14 % From its monthly open In 2023 After 20 days Bitcoin is up 5 % Wake me up When September You know what I mean Wake me up in September And so Question is Are we gonna follow this pattern Or are we gonna follow the pattern That I said Where we continue to go up I do have one little bit of good news For you guys Before we start talking about the FOMC The one little bit of good news That I have for you Is that the Mt.
Fresh update on "six seven" discussed on Bloomberg Wall Street Week
"Imposing new rules for ticket resellers an updated form says anyone who made more than six hundred dollars by by reselling tickets on stuff up or ticketmaster will have to report that money is taxable income it's a big and from the previous threshold which was anyone who made over twenty thousand dollars in revenue democratic presidential candidate robert f kennedy junior says he has a major announcement to make on friday rfk junior released a video saying he'll be traveling to philadelphia october ninth to make a speech in the birthplace of our nation the news is fueling speculation that he may decide to run for president as an independent candidate in his video he called out the corruption of the leadership of both political parties as well as i'm brad see and i'm dennis pellegrini in the bloomberg newsroom reaction coming into the looming government shutdown that is we've been reporting could begin at midnight wall street time we're tracking all the developments for you here on bloomberg radio and democratic representative of heartbreaking that we could see a shutdown she's blaming republicans it's terrible that house republicans already are talking about how long a shutdown would be versus focused on doing everything possible to prevent a shutdown or to reopen the government as soon as possible that's the number one goal and we should be all working hard to do that and i'll be there on balance of power jeremy siegel university of pennsylvania warton school professor emeritus says a shutdown at midnight could start taking its toll on the economy quickly well the rule of thumb is that every week the government shuts down shaves a half a percentage point off of gdp wow i mean that that would wipe out all gdp the uh... fourth quarter if that actually happened so clearly that's something that we have to pay attention into and siegel with us there on bluebird television on top of the shutdown and rising interest rates other drags on the economy could include the growing u -a -w strike against automakers also rising oil says and those student loan repayments resuming in october after a long pandemic hiatus on the bright side we have some upbeat headlines on the bloomberg terminal coming out of china today manufacturing activity returning to expansion that's for the first time in half a year talking about the official manufacturing purchasing managers index also a separate gauge of non -manufacturing activity that captures services and construction sectors well that also rose in china meantime water is beginning to recede in the new york area cleanup and damage assessments underway in the new york metro after as we've been reporting record rain and major flooding yesterday yonkers fire department special operations captain gene kelly says whole neighborhoods were covered in water water comes up real quick from the bronx river backs into the spring and then unfortunately backs into this neighborhood leaving six seven eight feet of water in these poor people's basements and as rescue workers police and fire officials like kelly work some republicans are slamming new york city mayor eric adams for it was a slow response to the storms as we've been reporting global news twenty four hours a day powered by more than twenty seven hundred journalists analysts in over a hundred and twenty countries in the newsroom i'm dennis pellegrini this is bloomberg the bloomberg talks podcast today's top interviews from around bloomberg news we are here with loretta bester the president of the cleveland federal reserve bank ralph shawstein joining us right now chairman of evercore wide -ranging conversations with fortune 500 ceos big -name investors and news leaders around the world charlie nunn the ceo of lloyd's
A highlight from Crypto Water Cooler: Visa USDC, FTX Dump, Vitalik Hack, Swing Trading, PayPal Stablecoin Ep 004
"This content is brought to you by Link2, which makes private equity investment easy. Link2 is a great platform that allows you to get equity in companies before they go public, before they do an IPO. Within their portfolio includes crypto companies, AI companies, and fintech companies. Some of the crypto companies you may recognize include Circle, Ripple, Chainalysis, Ledger, Dapper Labs, and many more. If you'd like to learn more about Link2, please visit the link in the description. Diving into crypto, we were just trying to experience, learn more about it. Everybody was excited in the last bull market. I feel like everybody was creating something. We do a weekly podcast where we interview people in the space. We just talk, bounce ideas off each other, crypto stuff that's going on. My background is from finance. I was actually in the mortgage industry for about six years, banking mortgage for about seven, eight total. It was fun. I like the centralized world, but I really do enjoy the DeFi and the decentralized world and the Web3 kind of spend everything. It's been a lot of fun the past three years being in the space. Our channel, The Next Block, it's been live for about two years. Obviously, you've been a guest on there before, and we definitely appreciate that. We love having your insights, but no, it's been a lot of fun. Just love learning about crypto and the future that we're going to see for the financial industry. Yeah, for sure. You guys have a great show. Like you said, I've been on there and you cover a lot of what's going on in the crypto market. You interview folks. Everybody, check out The Next Block YouTube channel. Links will be in the description. Go check out David's show and match more. David, I don't know about you, man. I don't want to look at the prices this morning, but I know Coinbase is going to send you the alert anyway, so you're going to have to see some type of notification about what the price is doing. It's not looking great, that's for sure. It's funny, I created a short, not too long ago for our channel, and just talking about the month of September. It is not a historically great month for price action. Right now, we're obviously down to start the month, but you look at the last six, seven years, it's not been great. And Bitcoin is seeming to be hanging on by a thread right now as far as support. So what are you seeing? What's your thoughts right now? Yeah, to your point, I've been looking at the same data points that September's have historically not been great. And even though I would consider myself seasoned being in the crypto industry, I'm still a human being as the emotions still hit when you see the price down in red. So also I'm trying to remind myself, stay calm, stay calm, put the emotions to the side. You've been through this, how many times already? It's an opportunity to dollar cost average. And that's not financial advice, everybody has to do their own research, do what's right for you financially, but certainly I've been buying the dips here and there, some upwards rally as we head into next year for the Bitcoin halving. Yeah. And it's funny, I even have pulled up the Bitcoin quarterly returns. Q3 is also one of the worst quarters for Bitcoin. Really, a lot of things, you could even look at stocks and certain things, it's not been the great, but obviously Bitcoin and crypto, if Bitcoin's going down, alts are going to get hammered even more. We know that. And so Q4 though is kind of where the money can be printed. And so that's where, even though September is a bad month, historically for Bitcoin and maybe even other altcoins that some of your viewers are certain to dollar cost average into, it could be great opportunities if you're really good at charting or just finding those entry points at finding some solid entry points. And then November, October, as everybody calls it right after, leading into November and December, sell, take some profit and then rinse and repeat. Yeah, for sure. And I've been trying to tell people about swing trading. Like, yes, I have my long -term hold bags, but you can make some really nice profits swing trading. And let's say the market doesn't go in the direction that you're expecting it to. You can just add that to your long -term hold bag. So it's kind of win -win. Obviously you want to be smart. Don't put your life savings, don't put your rent or mortgage payment into it. You got to be smart. This may be like you skipping a couple of times going out to eat and you use that money towards crypto or whatever it is, or stocks. So I've learned how to swing trade and make some money that way, and you can use the volatility to your advantage.
Fresh "Six Seven" from News and Perspective with Tom Hutyler
"Stay connected stay informed good afternoon thirty -one it is fifty nine in downtown seattle with the sunshine i'm rick fan size is what's happening around the northwest we continue on the story story of the potential shutdown of the federal government how it would affect local government's ability to do business the city of seattle bracing for that possibility is northwest news radios corwin hake reports the seattle city council this week launched a two -month -long budget approval process council member teresa mosqueda who chairs the budget committee says the looming shutdown makes a difficult process even more challenging we have a number of individuals that are currently both employed by the city of seattle and do work side by with side people who have hud contracts for example examples like that can be found statewide in a shutdown the work our of state's more than 50 000 federal employees would come to a halt the state office of financial management reports federal appropriations add up to more than 25 percent of our state's operating and transportation budgets the shutdown if it happens would start at 12 0 1 a .m sunday corwin hake northwest newsradio friends and colleagues from washington and around the country are remembering senator diane feinstein maria catwell was first elected to the senate in 2000 by that time had been serving for nearly a decade catwell who looked up to feinstein as a role model this morning recalled one of her first experiences with the senior senator from california i was amazed and astounded at what i might call the polite pushiness i and feinstein don't know how she did it but serving on the with her and dick will observe when diane's time ran out and somebody tried to cut in and debate her diane had this way of saying mr chairman this is a really important point and i just need to make this point and the chairman would let diane go on for another five minutes and i thought how does she pull this off diane feinstein ninety years old at her passing last night the death still serving at the age of ninety has renewed concerns about how old many of america's politicians have become northwest news radio's jeff bozell with that part of our coverage republican strategist randy peppel says feinstein's effectiveness had diminished in recent months senator feinstein was are basically a creature per staff and had very little independent decision making going on and that's uh... sat and and i think unfortunately that's going to be part of her legacy democratic strategist kathy allen says there's there's a double standard at this point they may not want nobody to run again or dot on trial but the fact is that it's diana gets the pressure to step down but both randy and kathy agree that too many if america's leaders are simply too old jeff pozell in northwest news radio northwest newstime two thirty traffic down from northwest news radio your home for breaking news and traffic and whether every ten minutes on the force kimmy klein again from the high -performance homes traffic center keeping watch on the valley freeway an earlier accident northbound one six seven approaching four oh five is now cleared out of the right lane but we're still seeing some heavy traffic north of two twelfth and kent southbound meantime one six seven really filled in now south of the 405 interchange towards 84th central and cantor an accident earlier cleared to the right shoulder but now fire trucks arrive so they're re -blocking your right lane once again even south and i -5 is though thickening up from the bottom of the south center hill towards south 188 both eastbound 518 and south on 405 getting a lot heavier around south center as well we have an ongoing accident investigation in lacy blocking the eastbound lanes of martin at way ranger drive there is a detour in place but it lives travel time from takoma to olympia is up to 49 minutes for your friday big weights at the ferry docks already though three hour waits at edmunds one hour waits at kingston it's already a slow drive in evan north and i -5 heading away from the bowing freeway towards towards marine view drive south and i -5 into seattle slow south of north gate towards i -90 and watch for a stalled bus eastbound 90 in the mercer island lid blocking your carpool lane no backup though this support sponsored by discover cards credit do something awesome at the end of your first year they automatically double all the cash back you burn that's right everything you've earned terms and check it out for yourself at discover .com slash match your next northwest traffic at 244. thank you can make our puget sound forecast now sponsored by northwest crawlspace services here's kristen clark at como 4 getting a to chance dry out this weekend but with all the residual
A highlight from New Real Estate Agent 15 Step 90 Day Success Plan
"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. Three, two, one, and we're back. And this is the new real estate agent, 15 step, 90 day success plan. And of course you can use this plan whether you are a new real estate agent or not. Before we get to point number one, Julie and I were just talking about something that she read online. That's the first sign that basically, yeah, exactly. Now we're going to just address this head on and we're not going to sugar coat it. So get ready. I'm just going to shoot you guys between the eyes and Julie's going to back it up with facts as we always do on this podcast. There is not going to be a real estate crash. There's not going to be a precipitous drop in home values. There's not going to be anything that's going to resemble anything that even remotely resembles what happened back in 2007, 2008. Stop listening to anybody that tells you that there's going to be any kind of crash or correction. 99 % of the time they didn't sell real estate back then. They don't know the facts and or most likely they're trying to sell you something in preparation for this zombie apocalypse housing crash that's never going to happen. So I want you guys to be very clear that this time of year is really any time of year but really, you know, I have not seen so much misinformation or straight up, I'm going to just use the word that came to my mind, lying that's happened in our industry since probably it's been at least 10 years. Because of the fact that so many agents don't know what to do in this real estate market, weren't selling real estate back then and they're so, they're such easily manipulated into believing there's going to be a housing crash because, you know, after all, all these other people are saying there's going to be a housing crash. How can the masses be wrong? Well they are. So here's some facts straight from Julie Harris. Yes, that's right. So you might think that foreclosures are going up. Why do you guys think that sometimes? Well because in the previous thing that you've heard about, probably not lived through, prices went up, prices went up, it seemed like a big boom and then there was a big bust and that is the beginning and end of the thought process. Just because prices have been going up for a long time does not equal a housing crash. That is not a fact based on anything. Just because it happened back then does not mean it's happening back now. Why? And we've done very long form podcasts with many, many points but the underlying facts are not even close to the same. Well matter of fact, there's the fewest number of industrial estate actual homes that there's been how many long? 20 years? No, not 20, but like 15. Since they've recorded it. Okay. And not only that, as a percent. As a percent of total mortgages, right? It's less than 3%, right? Yes. Okay, so here's a couple of facts since we're facting them off the top here. Only about 50 % of people who own a home even have a mortgage. And I believe the number and Julie and I didn't prepare for this, like I said, this was just a conversation we're kind of looping you guys in on. I believe the number was a little bit less than 50%, like 43%, but it's something like that. Now when we say that on this podcast, somebody always puts in the comments, I have a hard time believing that that few people have mortgages. How? Why is it that you have a hard time believing that? A lot of people basically by the time they're like 45 or 50 have their home paid off. And it's also tracked. Yeah, exactly. Google it. Altos Research has fantastic facts. You can join them for your own local zip code and get your personal facts. That's the nice thing about, you know, we call it GTS, Google that shit. So if you come across, if you're wanting to know something, you know, GTS that and you're going to discover what the truth is. And what we just told you, again, I'm not sure if our numbers are right, but the essence of the point we're trying to make between 40 and 50 % there you go now that that means the other 50 % of the people that have, um, uh, you know, mortgages, they have mortgages that are 3%, 3 .2 % or less. So a vast majority of the people with mortgages have essentially mortgages where their money's free. Now, what do I mean by that? Because the homes, and this is the last point and this is the big one and I'll leave it up to Julie to make this point, the amount of appreciation rate or inflation. But with the inflation rate on real estate being somewhere between six, seven or 8 % year over year, and that's going to continue, that trend is going to continue for a long period of time for all kinds of reasons, but it really comes down to demand, right? But what we're looking at is you're looking at homes that are going to increase in value at a greater, uh, at a greater amount and actual real dollars than the cost of owning that home. So if someone bought a $400 ,000 house and they put down, I don't know, 50 grand and they have a $350 ,000 mortgage and the mortgage is based on a 3 % finance rate there, I can't even do the math in my head. It's like 13 or 1400 bucks depending on property taxes per month. Well that same home is going to appreciate this year. So you're looking at probably they're all in expense being less than 20 grand. If that home inflated or appreciated by 6 % in the last 12 months, that same $400 ,000 home now six times for guys get it. So someone's actually make living in their house for free because the house is actually inflating faster than what they're spending on that. That is not normal unless you're in a house a super duper, duper long time, like decades. Then that kind of thing will play out because of the inflation. But with interest rates and so many people locked into lower interest rates, a lot of people have won the real estate lottery. Now that's not to mean that they're going to stay in those homes forever because a lot of those people are going to have to put those homes for sale for natural, normal reasons that sellers have always historically put their homes for sale. Too big, too small, can't afford it, moving, relocating and here's the real bugaboo. Here's the thing that nobody, all these real estate doomsdayers don't want you to really take into consideration. We talked about the amount of equity, we talked about the average mortgage interest rate, but the amount of inflation or appreciation in homes in the last 24 to 36 months has been? Up to 40 % in some markets like Boise, but on average right about 28 % since 2020. So if you bought a house back in 2020, you can just add 28 % and you have at least that much equity. The average equity for people who still owe something on their homes, people with mortgages is over $100 ,000. That's the average. Now, are there cases where perhaps maybe you bought in the last half of last year and you were in a bidding war and you had to go over list price and you didn't have a really big down payment and maybe you got relocated and you have not very much equity? Yes, that's true, but it's still highly unlikely that you would get to the point where you're actually upside down. What you're saying is if you bought when the interest rates were higher and you haven't stayed in the house long enough and you put money down, if you had to be forced to sell the property now, you might actually have to lose some of the equity. But here's the solution for that. Stay in the house another year or 18 months or rent the house for another year or 18 months. And then the inflation rate is going to basically make you more than right on your mortgage and more than right on your equity situation. Well, so are there random sort, I call them one off foreclosures and short sales very, very occasionally like one to two percent. I don't know why anybody would go after one to two percent of the market. What you're seeing randomly and I mean very randomly. And this example that I was reading online was in Las Vegas. But even the distressed real estate is still selling for retail, basically. It is still selling for retail. So that that is and I'm glad you brought that up, because that is a huge difference between this time versus last time, because last time it was the phrase catch a falling knife. Prices were falling virtually by the hour and it was disappearing. And Julie and I were buying houses that we were buying houses. I remember going on auction dot com and putting in bids on properties that we ended up buying a lot of them in Las Vegas and still own them. And I remember the auction gal called back and was like, what the hell? You want to buy real estate? I mean, do you remember that? Yeah. It's like, are you sure? Are you sure? Like, do you know this is the process? And I'm like, yeah, OK. And then when you're buying through like auction dot com, you have to pay their commission, basically. And she goes, well, you know, this is going to cost you an additional whatever. And I'm like, OK, that's fine. Let's do it. It's fine. And those properties now are worth three x what we paid for them. That's right. Totally different scenario. Prices will continue to go up now. They go up, you know, 20 percent a year. That was extremely unusual. I know some of you think that that was normal because for you that has been normal, but it's not actually normal. On average, it's five or six percent over the past probably 10 to 15 years. And beyond that, it gets down to about three to five percent, depending on where you live and how far back in time you're going. But it's still increasing. OK, so here's the thing. And we'll get off this topic in a second and onto our 15 step 90 day success plan.
Fresh update on "six seven" discussed on Bloomberg Businessweek
"Strike goes on long enough that inventories get worked off so much that you really can't get cars yes that was talking about that's what we had yeah and during the pandemic yeah it was interesting I think and they think this as is part of what's driving this oil story you had Baker Hughes coming out and saying that its rig count is down suggesting that oilfield services drillers don't believe that the this what we're seeing in oil prices is necessarily the tight market that we're seeing is necessarily going to be sustainable but unclear I mean and then the for issue the Fed is always you know you can't control oil prices right right is is the UAW strike enough to really impact the feds next decision I mean it seems like it's still very not at the moment they only have I guess twenty five thousand numbers go up twenty five thousand on strike but they have a strike fund now most as I understand it the five hundred dollar a week payment goes to a lot of that goes to maintain the health care for the workers who are on strike but if you're off work you're not gonna spend as much money you're gonna be careful but twenty five thousand people is not very much if it's spread to all of the companies and all of their plants and they were shut down for a couple weeks yeah that would have an impact but at the moment it's not something that Michigan or you know they may Toledo Ohio area may have economic problems but you won't see it in the national GDP mark mark Mike, I know who you are, Mike what do you think is the smart conversation right now about what's going on in the economy and as it relates to monetary policy other than how do you get tickets to see Taylor Swift yeah I'm still trying to figure it out I'm actually trying to just figure out how to get home today but that's the next thing that's what everybody was talking about today I think what you want to consider is what's going to happen next if they are close to the peak then the next question is how long do they stay there and then what do you have do you go back to a very low interest rate environment or do you stay at a higher interest rate environment and I think there's a good chance we stay at a higher interest rate environment I mean mortgage going rates to aren't be eight percent but they aren't going to be two to three percent as they were and then the question mark if people just adjust eventually to the higher interest rate environment everybody says that's the more normal right I'm kind of where we are well we went 30 years like that after Paul Volcker brought down inflation you know we had six seven percent mortgages and the economy did just fine thank you thank you for calming us down I wish you all luck getting home I and I wish me luck cuz I'm gonna head out now good or luck find a good bar and just have a couple good drinks somebody named Matt Miller suggested that he did indeed surprise surprise Michael McKee the best this is Bloomberg radio Bloomberg radio on demand and in your podcast feed on of the the tape latest podcast edition a conversation with John hurdle with hurdle Callahan the first 30 years I was in the business bonds were such a critical dimension of a diversified portfolio and then we got this place where we had no real yield and we needed the bonds to stabilize portfolios but the price of that stabilization was huge because we've got no real yield so as an investor I like having real yield back in the bond market I also feel like this is more of a stock picker's market it's not just risk on risk off that's a term that has really become popular in the last 10 years it's more of a trading term than an investing term we're always risk on because we think to fulfill our clients missions we've
Liberals Love Their Absolute Unchecked Power
"Segment before the break here the first half an hour how if there's one thing I could get through to the Liberals it would be the what not even an idea like I said the axiomatic truth that anytime you entrust any group of people it doesn't matter what their political affiliation or leanings are anytime you trust any group of people from a baseball team to a group of politicians with unlimited power it will corrupt them I mean Lord Acton is correct power corrupts absolute power absolutely the reason that's been said so often is because it's true when you give a human being absolute power and there's no check on it which is what's happening right now with the liberal media entertainment political bureaucratic symbiote there's no check on their power at all they can spy on Donald Trump and the media will apologize the left won't only not say anything they'll celebrate they can make up an entirely fake invented fairy tale about Donald Trump colluding with the Russians based on a fake peepee tape no one's ever seen and it's not just that liberals won't laugh and say oh that's stupid let's not do that it'll be debunked and discredited five six seven times over the I'll media still run with it and liberals love it it's because they have absolutely unchecked power in the United States and that's how they become so corrupt it's how Joe Biden can get away with one of the biggest if not the biggest political corruption scandals in American history evidence all over the place that he was taking money through him his surrogates and his family from corrupt foreign deals overseas and yet you still don't only have media people but almost
"six seven" Discussed on Bloomberg Radio New York
"Live. That's a great question. Hi John. Well clearly we do know that those of handful companies are extraordinarily expensive. This is probably not the best time to be increasing your exposure to them. market The is looking pretty frothy. And then as you talk about the geopolitical tensions which continue to brew maybe they do present some challenges ahead. And then if you look at the rest of the market the market doesn't look that strong. I mean you can see that some of the economic pressures or at least concerns about potential economic pressures are weighing on some company performances. Now we could see that some of those valuations of those big tech names as they start to be pressured that's going to pull down the wider market. But ultimately if we want to see a sustained or if we will see a sustained drop in the market it has to be driven by concerns about the economy which as you said today it's not so clear. Seema, the heart of the matter, Jen Farrell mentioned this earlier is stagflation is I would suggest a pretty wide outcome a lot of our listeners and viewers. What if we get a true disinflationary trend based on growth. tepid All of a sudden you got a model disinflation into how you accomplish that. So we are expecting the inflation numbers to continue to come down. We are also expecting the economy to slow down which is what drives inflation lower. The idea is that how much lower do they go? Do we go to the 2 % level? What is the implication for the Fed policy beyond just the next six months of are they going to hike again or not? That is the longer term question. Now for us I think it is actually a very difficult toss up. The general thinking over the last six, seven, eight months has been actually that because of climate change, because of monetary policy, fiscal policy you can have higher inflation out the over next ten years. Actually when you start to bring AI into the conversation maybe that gets a little bit more dicey. So I think that conversation is still to be had if you're looking out over a five, ten year horizon. Just to bring these two conversations together, how much does this move against the iPhone really in China accelerate some of the decoupling and some of the de some of the supply chain sort of redundancies that have to be built in that are going to cause inflation to remain higher? Are you rethinking any of your theses based on increasing tensions there? Well actually I think the geopolitical tension discussion and what the impact on global growth is going to be has been around for so long. This isn't, we have seen repeated moves by both parties against technology firms. So this again isn't a new conversation. I think for Apple specifically, it's a couple of months of maybe a couple of days even of struggles and then the market goes back to it, you responding know, and thinking about what is the long -term productivity growth potential for from Apple and that's what drives the market. For the next 10 years we do know, I think it's quite clear, that geopolitical tensions are only going to increase. The supply chains that we have been used to over the last 10 years, that is changing. We're thinking, you know, all the new terms are coming up. Friend shoring, near shoring, ally shoring, these are all things that are going to continue to be perspectives will put upward pressure on inflation. But I do think that that has to be almost instantly offset by the idea that AI can put downward pressure on inflation as well. So putting together what you're sort of seeing in terms of an investment thesis, does this mean that you're staying away from some of the big tech names just in the short run because of this lack of clarity, as John was asking about in terms of valuation and what the forward look is and going into bonds if you have conviction that inflation is going to come down? So we have had an an overweight to these large cap tech companies. We are long term believers in technology and for us, it's to a reason stay overweight. Would we be looking to increase exposure at this point? No, because valuations are too dependent and we think there is a little bit of potential for a bit of a pullback. But the long term perspective is important. Now, we also have a slight overweight on the duration side. So looking to increase our exposure response because the expected drop in inflation driven by an expected weakening in the economy. So there are rules within the asset allocation space. You said before September, it's a tricky month. There are so many parts. There's so much data which is really contradicting each other that at this stage in time, I think cross asset almost have to be neutral and you're waiting for a clearer narrative to come through. But within the asset classes, I think you can take some longer term perspectives which show up within the portfolio by positioning. So what's your marginal allocation to the seven or eight big tech names? So I think this is an arch issue. So you're buying ever more of them? Not at this stage, not at this stage, because the market is looking so frothy. And as you said, the giblets cut to political tensions, maybe at this point in time, for the next couple of months, who knows, it's going to be a little bit more pertinent. But as a long term investor, I'm not going to reduce that exposure for this point in time. I think that mega cap tech will continue to deliver if you're looking out over a multi year period. I see. Thanks for being with us. Let's catch up in London and in a couple of ways, similar of principle asset management, the word geopolitics often frustrates me sometimes word it's we a throw around to me whenever we want it to mean and some we don't quantify because we can't. That's when it comes to markets. I think this is fascinating going into G20. What's happening with Apple here? Dan Ives of Wedbush, of course, taking the other side of the story is out on Twitter. Just a little bit more context
A highlight from Stephane Gosselin: Frontier Research - Solving Ethereum's MEV Problem
"This is App Center episode 511 with guest Stéphane Gosselin. Welcome to App Center, the show which talks about the technologies, projects, and people driving decentralization and the blockchain revolution. I'm Brian Frain and I'm here with Felix Lutsch. And today we're going to speak with Stéphane Gosselin. He is the founder of Frontier Research. Frontier is a sort of new MEB -focused company, but he was also previously one of the co -founders of Flashbots and I think sort of the lead architect, I think if that's correct, or product designer or something like that, at Flashbots. So thanks so much for joining us, Stéphane. Yeah, thank you. It's always a pleasure to get the chance to come back on this podcast and chat with you guys. Yeah, absolutely. It's not the first time. Actually, maybe you can just get started in there. I think this is a great question. So 2020, you wrote a blog post, a post on ETH research titled Flashbots front -running the MEB crisis. So this is now three years ago. And I'm curious just if you can like reflect a little bit, sort of looking back, I mean, you called it back then, like MEB crisis, I'm curious, what did you, what was your understanding of like the MEB crisis and like, what does it look like today? Are we in an MEB crisis? I was forced to like think back on this actually earlier today. Someone asked like, do we actually have a counterfactual to PBS? Like what would have happened if we hadn't launched MAF Boost? Would we actually have a significant different distribution of concentration on the validator side? Or would it look like pretty similar? The MEB crisis was basically the thesis that said, if there wasn't action taken by the community and early Flashbots members who've sort of felt responsible to take this action, there would be an increasing concentration of hashing power because the level of activity on Ethereum was increasing to the point where MEB became meaningful. I remember during summer 2020, DeFi summer, we had all of the sort of start of the yield farming and like really you to swap getting traction for the first time with all the liquidity mining programs, was it YAM finance and all this, this, this good stuff. And so it was clear that, you know, whether it's token sniping, arbitrage, whatever else, there was an advantage of operating this at the validator level and validators weren't currently doing it, the activity was happening through the transaction pool through sort of gaming the algorithm that the miners run for packing blocks. So the crisis was, well, it's very clear that miners have the advantage in doing these games. They are likely to like start to invest into running things themselves or run custom clients, make partnerships with trading firms to be able to extract some of that value. And that has the potential to lead towards more concentration because there's sort of increasing returns to being the ones that play this role. Maybe there is a better mechanism that we can develop and launch that enables to maintain transparency over what is sort of happening in the system and maintain open access to it. So make it so it's not, doesn't require a special deal with validators, but you can freely connect and participate and finally have some way to sort of redistribute the value to the actors in a way that's like welfare maximizing or whatever definition that you can have. So that's, that's the MEV crisis. You know, you sort of mentioned like, Hey, you wrote this post and you made it on e3 search. And then I'm like thinking back to like the last three years of my life. And I feel like all I did was write two posts and like everything else was like fluff, right? Like I wrote this from running the MEV crisis, which was like a spec for MEV -Geth, which was like the client that we developed and then ended up getting adopted by miners. And the second one that I wrote was introducing MEV -Boost as a spec. And then maybe like I should have just written those things and just like, you know, went to the beach and did nothing else the rest of the time because those specs alone, I feel like move the needle into like what the infrastructure looks like. And were like the most impactful things that I really did. So yeah, I sort of, there's this like really fun progression from, you know, there not being any infrastructure to now having gone through two major cycles of the MEV infrastructure changing on Ethereum. And do you feel like these, both of these things had the impact that you hoped it would? In terms of mitigating the MEV crisis? Yes. Yeah. Not really. Not really. I mean, it's, it's like hard to say. It's like chief to nowhere else. Is that what's happened or? Yeah. I mean, it's like, it achieved that, like the outcome in terms of like, it's a system that got adopted and like everyone got excited about it and, you know, introduce a new industry and ecosystem with a lot of people that are having open discussions about these things and implementing alternative solutions to them. There may be crisis in itself. I mean, one can debate whether it's a crisis at all, if it ever was actually there, or if it's just like a natural way that an industry evolves and whether, you know, whether it was MEVgeth, MEVboost, or something else would have happened, the end results would have been the same and we would have ended up in the same location. And at the, at the end of the day, I don't know that the amount of concentration that we have at the stake level today is like meaningfully different than what we would have if we didn't have PBS or like any sort of MEV infrastructure. Maybe we have more transparency in how the system works because, you know, we have sort of this open pricing mechanism where the information is being like routed through. We have like a dollar value for like the price of blocks and you have some nice dashboards that like allow us to show it. Like maybe there was some path dependency there that's different. In terms of like how things are evolving, it seems like pretty inherent to the way that blockchains are designed that the end result will end up being very similar. Maybe just commenting here one thing, at least I do feel like reasonably confident that MEV did not increase validator decentralization in a meaningful, like was not a meaningful driver for validator centralization on Ethereum. I think that's pretty clear. Yep. So I think from that perspective, if you take, if you take like, you know, concentration on the validator level, then I think if that's the kind of criteria, then I would say like, yeah, no, I think it worked out right. Like that, that didn't happen. Or it happened to some extent for other reasons that were unrelated to MEV I Right. It didn't fail. Yeah. We don't know if it was necessary, but we know that it didn't fail. I think the thing that I'm the most excited about in the end, and in particular with the introduction of, of MEV boost, like, so MEV geth was like a really simple solution and it was like, get FlashBoss to run a server and then like route all the MEV through the server and then like multiplex it to like the miners. And it was just like introduce like FlashBoss as like a server that like runs the MEV market. MEV boost is a much more sort of open system where you have a lot of different layers to it and a lot of room for individual entities to compete and offering additional services. Right. Just the introduction of the block builder role and the relay role has sort of meant that this thing of operating an MEV market that the FlashBoss was doing now is being done by like, I don't know, six, seven, eight companies. And there's quite a bit of turnover, I think in the dominance of these parties. They're like trying to figure out how to like make it sustainable, how to have a new model and competing for features that they develop. I think that's all very positive because it brings a lot more diversity to the way that these systems are being iterated upon and just the number of different perspectives that are being reflected into the architectures that they get adopted. So that to me has been like quite successful. If nothing else, just having more different stakeholders are involved in this infrastructure, providing services on top of it. That seems like a quite a decentralized way to approach infrastructure development. So it's almost like the third thing you did, right? Like, I guess formalizing this MEV supply chain with the different actors and how you can break them apart and then how you can like separate the roles. Did anything change in that perspective from how you looked at the MEV supply chain during MEV boost and like nowadays? Or has that anything you haven't foreseen or something? I don't think there's anything that I haven't foreseen. I think what I've been trying to introduce as like a reframing of the MEV supply chain is to think of it less linearly and think of it more as sort of a chaotic set of games. I presented a little while ago and we wrote this blog post with Frontier about infinite games and introducing this idea of a transaction supply network. So instead of thinking of MEV supply chain as being like users originate MEV and then it sort of gets sort of funneled through this system of extraction all the way to the validator, instead do you think about a cluster of a bunch of different infrastructure components that, yeah, it originates with users, but depending on, I can say they're intense, like whatever they're trying to achieve in interacting with the chain, they get routed through different sets of specialized infrastructure that leverage tools like auctions, that leverage tools like privacy to provide those services and capture those systems, like reflect that value back to the user and provide the utility that the user is looking for. It's kind of like this thing to say like, okay, MEV is like a land through which you can see the world, right? And once you start to look at like bridges, you look at exchanges, you look at all these different things from the MEV lens, it's like a toolkit that allows you to analyze them and understand how do the dynamics play out if you set this up in a decentralized setting. I think it's useful to have this lens, but still look at all these components individually, all these games individually, as opposed to say like there's only one game here and it's like the MEV supply chain and like that's the only thing that matters, I'd rather look at individual components. Can you talk a bit about your vision for Frontier Research? Like what do you hope to build, like what kind of organization do you hope to build and what kind of impact do you hope to have on the MEV landscape or crypto more generally? Yeah, Frontier Research, so I left Flashbots at the end of 2022, like beginning of the fall of 2022 and I sort of took some time off and decided like, is this something I want to continue working on? Do I want to continue working on MEV? I felt like there was still some contributions I had to make to the space and so started sort of a research organization around this that helps working with various different teams that are participating across the entire ecosystem of MEV infrastructure, help them sort of up level the level, their understanding and mental models around MEV, help do some analysis over the system that they produce and advise on good market and whatnot. So we've been doing that for quite a few months now, since the beginning of this year. Now we've started looking more active, like, okay, where are the opportunities for developing products? We've started incubating a block builder called Faith Builder that participates in this game. I sort of see very abstractly the set of games as being an abstract set of two two rules. You either have a message passing system with some rules over how these messages are handled and aggregated and you have individual agents that can be called like solvers or searchers or block builders or whatever else that aggregate these messages and then solve them, optimize them according to some objective function. And so the block builder that that we're running, we see as being sort of fundamental to enabling the development of all these different games across the ecosystem and participating in them and helping them bootstrap to provide better user services. So it's the generalized solver that aims to participate in all of these different these different blockchain games. So, yeah, that's that's sort of a venture that we're that we're incubating from from the friendship team. So this means like it's it's a builder in the Flashbots MUV Boost, but it could also be a solver, maybe, you know, I don't know, for for Cowswap or like, you know, other products like that. Is that correct? There are there very similar games at the end of the day.
"six seven" Discussed on Bloomberg Radio New York
"An equity lift six seven days up I've been looking at some of the compare and contrast you know what's great it's like back -to -school time you know like if you go to Williams it's Williamstown you know it's I mean not really complex or Wisconsin is Madison the way you get into Union College you know what they say spell Schenectady there's only like so many kids they can spell connect Schenectady joining us from Union College the Mohawk River Valley Michael Casper joins us here at this morning with Bloomberg Intelligence Union is I played hockey up there once it was like it's like cold like 28 below zero or whatever what do you do there in the winter do you study equities and finance that's all like that's all you can do yeah pretty much that's how I got our club for those who don't know Jenny beer is their hallmark and then two steps below is Utica Club that's pretty far below it's like the course three to say core that's all I have at Union College Michael Casper joins us now with Gina Martin Adams an equity you're doing a lot of the grunt work for Gina Martin Adams beneath you know what the SMP he's is gonna do what's the metric and equities you're most focused on right now well it's it's and it's been valuations for quite some time standard PE ratio or a different PA is a CFA job we got to ramp but it up which ratio matters right I'm watching forward PE's as well as EV2E but for does select industries but mainly what's really interesting in equity valuations right now is how wide the spreads are between the different sectors right so you've got tech on one end that's trading you know five standard deviations it sounds crazy yeah above the pre -pandemic which we like to look at by the way because obviously 2021 and all that easy monetary policy has driven PE's to the moon but on the other end of the spectrum you've got communications and financials and energy and some of the you know less tech like names right trading at several standard deviations below so it's really a tech driven PE right now in and the S p 500 and i find that that incredibly interesting correlation of brent crude 8802 this morning in big oil does oil stocks waltz in tandem with the price of oil they they typically do but i mean energy right now i would say we've got a few models that we like to look at a sector scorecard that we run that's a five -factor model and energy right now isn't isn't sitting anywhere near the top of that thing of the 11 gig sector so while it might get a little bit of a boost from oil prices fundamentally it's it's not looking as great as some of the other ones well those prices and the fundamentals are all very logical but we don't always follow logic in the market so i mean what what does this tell mom and pop out there yeah that that's true and we have a great sentiment model for for that and that has some correlation to sector performance as to look at it the sector the sentiment model that i'm talking about by the way is called the bi market pulse and it's a six factor model diffusion model which means basically take those six and they're equal weighted um and what it's doing is trying to assess risk taking in markets over radio thumb up or thumb down don't give me the six factor steve ross thumb up or thumb down from mom and pop in the equity market so so for mom and pop at least near near term uh probably thumb down ish um but ish uh yeah martin adams never says ish okay uh don't want don't be want to super committal you haven't quoted the vix in a while 1327 unbelievable that is unbelievable does it indicate some degree of complacency i i would i would definitely say so and and that summer rally that we've had you know is pretty exemplary of that right um you know august we blew off a little bit of steam but still we're we're pretty you know heated up from you know that july rally we're busting casper's chest did you realize gino like like gino martin adams never he's coming back martin adams has an entourage of like 20 people 19 of them are off today only young casper came in and you know people talk about you you're a complete sponge on all this this stuff once again sell in may and go away fails how do you respond you know seriously with your factor cfa mathematics how do you respond to all these silly trite phrases that blow up every well frankly i don't even believe in them um... if you if you look at some and go away this the returns in summer actually positive so i don't know why you'd actually go away but um... there's a lot of people out there as looking at september and saying on median september returns about a negative forty eight uh... basis points on the s and p five hundred um... and they're worried about the same thing but at the end of the day long -term their fundamentals are going to drive stock prices and and valuations are gonna kind of set the cap on it when they get overheated but but we did what we went through a period of doldrums in august is the cure for the august doldrums slower rate of inflation i definitely think that's one of the factors p i is is is ingrained in people's minds everybody's watching it slower inflation probably signaling a softer landing uh... in combination with some of our uh... some of the economic data we even got today that was a little bit mixed but uh... you know as long as everything's not blowing up and cpi's coming down the that's fed's looking more and more right now it's been traveling upward forty five forty seven asp s p the known world has had to adjust how do you respond to the bulls the uber bulls now now modeling out five thousand or forty eight hundred s p x it's it's see a way there especially with rates the way that they are unless the you know unless rates come in or sentiment just gets way too overheated everybody gets hyped about a higher the next hot thing and push stocks higher but I mean our model scenarios if you look at where rates are and where rates are probably going to go which pretty is close to where they are today you don't get a multiple anywhere near that would command five thousand s a p michael casper surviving five days a week which you know martin adams bloomberg intelligence they do brilliant work folks it's pretty much only available to the bloomberg terminal it's a real special thing for our global wall street people they don't do buy hold sell they just do work on equity lots of sensitivity analysis you know they're sensitive people oh it's my only higher the sensitive people here it's got the fancy six factor this five that as well there's two factor you and I what do we have a 201 I yeah well no I you know I gotta say with the s I people are gonna hate me saying for this but I only do the index funds and yeah it's been very good to me this year since the beginning of January I had the four -year hellhole triple leveraged all cash fund of course you hundred oh percent allocation did I miss the boat on rates that's an important question no the role the rates is huge a huge issue here as well Ed Hyman just sending in on a love note moments ago with Evercore ISI and he disinflation reaffirms he reaffirms a lower rate regime showed us so does he in female capital markets stay with us on a Friday before a 10 -day weekend this is Bloomberg Bloomberg radio good morning at impact private we know that dreams can lead to great achievements and that path from dream to reality takes planning hard work and determination our wealth managers understand our commitment to client success we're dedicated to providing the guidance that helps them achieve it generation after generation while others him P pack clients achieve for advice and planning investment management and trust and fiduciary solutions visit P pack private .com not at the IC insured no bank guarantee may lose value look to your children's eyes to see the true magic of a forest it's a storybook world for them you look and see a tree. 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"six seven" Discussed on Bloomberg Radio New York
"One day. Yeah I mean it's not impossible to see that type of swing within a day but then also across days. So the way power is priced it's priced on a five minute basis hourly basis so there's a lot way of to splice it so the average for the day was not four thousand it was probably a few hundred dollars but then there are certain hours around six seven pm where it was four thousand dollars per megawatt hour. And the reason why energy prices for natural gas which is what the grid mostly operates on are so high is I guess it's sort of akin to uber surge pricing when is everybody looking for an uber the prices go up and if everybody wants your energy you get to for charge it more because there's no other place to go. Natural gas is the number one driver and then you also have wind and solar but what happens is exactly what you're saying when you have those high demand periods the price of electricity is set by the most expensive unit. So let's say on an average day like if you're talking about uber everyone's driving like a Honda or Camry that's pretty fuel efficient but let's say during rush and hour a thunderstorm or a heat wave I guess in Texas you have to like bring out the Lamborghinis and Ferraris not those fuel are efficient but everyone gets paid the price of the Ferrari in a Lamborghini even if it's just some of the megawatts used so when it surges like that how much more does it cost in total it can cost billions of dollars over the course of days because you're pricing this every five minutes every hour yeah it quickly adds up it takes time to filter out to customers depending on how they get billed Texas households may have locked in a six month power rate so that sets their price say like ten cents per kilowatt hour some power retailers will have fine prints well if there is a rally in in gas or power prices in real time we will push on those costs here right away for others there's a lag customers will eventually pay for all of this is just depends on how soon and so Texas has been taking all kinds of measures to to try cut energy usage asking people not to use as much is that realistic so the Electric Reliability Council of Texas or ERCOT which is what the state grid operator is called has been more proactive and they have been putting out weather watches like this is first the summer they started putting out a weather watch to warn people of tight conditions asking consumers to make cuts where it was safe to turn up their thermostat to help keep the grid stable and avoid a shortage another thing you report which I thought was interesting you mentioned Bitcoin miners which have moved into Texas and they use a ton of energy running those big hot supercomputers they have slowed down and kind of stopped operation sometime yeah so Bitcoin mining is really interesting these are basically computing centers they look like data centers from the outside but obviously very sophisticated machines on inside the but they have the capability to turn on and off really quickly there's about 2000 megawatts of Bitcoin mining in Texas that's the equivalent of like let's say two large nuclear plants and so they see high power prices in the thousand dollar it range makes sense to shut down and not operate because they're not using that much but at the same time not only are they saving money but some of that is actually participating in a grid program where they get paid to our tail and that's when ERCOT the grid operator tells them hey can you like ramp down a or little bit a lot so that we can reduce stress on the grid and send that power to somebody else. We're talking about natural gas power but you know Texas has a lot of sun Texas has a lot of wind how much can those forms of renewable energy we talk about all the time help out. In the current heat wave actually solar is doing really well it's maxing out it's considered to have a summer capacity of like more than 12 ,000 megawatts so when the sun is shining mid -morning to like when the sun sets it's operating pretty much close to that's max capacity been a real benefit and for the grid. If you think about 12 ,000 megawatts versus like record demand which was 80 ,000 megawatts last year a little more than that that's a significant chunk and then wind has actually been low in the middle of the afternoon that has actually been one the of reasons that supply is really tight in ERCOT. They now have so much demand growth that they actually need renewables to kick in to keep the lights on. A regulator recently told me ERCOT that is beholden to the breath of God. That basically means if the wind picks up and it's supposed to get stronger then that gives more bandwidth for ERCOT to like operate the grids safely and not really worry. And of course sun just goes down every day so at night you're never going to have that solar power. That's actually the riskiest part of the day historically you know the grids have always been set up to deal with peak summer demand the hottest hour of the day and that was usually like five or six p .m. but now when since we have solar the risk has actually shifted to late afternoon when the sun is starting to set or the evening hours when there is no sun and that's need really when everything you else to like ramp up quickly or be strong and so that risk can actually be at like 7 8 or 9 p .m. will continue to will continue to we'll continue today's conversation from the big take in a moment here on Bloomberg Radio be sure to subscribe to the big take podcast on the I heart radio app Apple podcast Spotify or wherever you listen I'm Wes Kosova and this is Bloomberg the the news in Washington has a ripple effect on the country the and world the president did address our relationship with China today that's why we bring you the top headlines from Capitol Hill every weekday afternoon redhead on the terminal this is breaking right now Bloomberg sound on with Joe Matthew should we eliminate the debt limit or reform it somehow weekday afternoons at 1 Eastern the story has reached the White House briefing room on Bloomberg radio or listen on demand wherever you get your podcast us
A highlight from #458 Why #Bitcoin is a Ponzi Scheme, why most Altcoins arent and how we can fix it!
"Welcome to The Crypto Show, your podcast for everything around crypto, blockchain, bitcoin and more. Here is your host, international blockchain expert, serial entrepreneur and investor, Dr. Julian Hasp. Is bitcoin a Ponzi scheme? Yes or no? How does this apply to altcoins? What are my thoughts on this and what are the criteria and if Bitcoin is a Ponzi scheme, how can we fix it? Hey and welcome to today's video. My name is Julian and my channel is all about making you crypto fit. And this video actually fits perfectly into this entire series. I actually haven't done a lot of these crypto fit videos in a long time. Mostly it's been market updates or stuff that's just happening. But yeah, I thought let's go back to the roots, I don't know, like six, seven years ago, maybe even longer, 2016. Seven years ago where I talked about the fundamentals in crypto. And I think a lot of people, especially in the post 2018 kind of era, kind of forgot about all those fundamentals and it shows. And I think it's good to kind of turn back the clock and uncover those fundamentals again a bit. To give a bit of a better understanding and kind of show what we really need to focus on in all of this. So yeah, I know that the headline may be a bit triggering for some, so let's see how this is going to go. But you will see it's actually going to have a positive turn. Look, full disclosure, my entire organization, Cake Group, their balance sheet, the crypto is mainly in Bitcoin. I have a small position right now in Bitcoin. I used to have a really, really large position until the end of 2021, sold that position at that point. So look, I know this is a bit of a catchy headline. There is truth to the headline, don't worry. But it's all going to come to a positive end. So let's do a bit of a screen share and a bit of a mix in all of that. And well, let me maybe move away my video. Let's see, is that going to work or not? Okay, great. So as the CEO of the Cake Group, I guess a question I really get a lot is, hey, like I would love to invest in Bitcoin, but I read in the news that that is a Ponzi scheme. Is it or is it not? And most people that you ask this question are actually going to give you one of those really kind of like low IQ, kind of no brain, like brainless answers. So they're going to say, they're either going to at home and attack you right away. They say, hey, look, you have no fucking clue. Like you clearly haven't understood Bitcoin. You need to understand Bitcoin even longer. And I even get this. And look, I learned about Bitcoin almost nine years ago now. I'm doing videos for the last seven, eight years. I understand Bitcoin better than probably 99 .99999 % of the people. And the key thing is you need to understand, just like in good chess, right? You need to understand your chess position. If you don't understand your chess position, you're going to lose. And it's the same thing here. So we need to understand our Bitcoin position and then we can win. So, yeah, or people say, hey, don't listen to this person. That person is just a scammer. That person just wants to shill his shit coin. No, Bitcoin is not a Ponzi scheme. It's actually the best money. How can it be a Ponzi scheme? It's been around 15 years. It would have either collapsed already or, you know, it would be prosecuted. If Bitcoin is a Ponzi scheme, gold is one as well. Who cares? Fiat is also a Ponzi scheme. So look, I'm not going to go and argue on this very low kind of point here. I'm going to go to the very top here. I refute explicitly the central point. The problem though is a bit that I'm going to come to the conclusion that parts of Bitcoin are going to be a Ponzi scheme unless we fix it. And there are ways to fix it. So before we actually talk about how to fix it, let's first discuss what a Ponzi scheme actually is. Well, famous Charles Ponzi kind of started this with this scheme. The idea behind it is instead of accepting money and using that money to drive business profits, you use that money to pay out other investors, thereby faking returns. Now, inevitably, because you're taking in less money that you're paying out, that thing collapses and people lose. The key thing to understand in a Ponzi scheme is that it's always a zero -sum game, meaning for every dollar that someone wins, there are other dollars that people lose. And that's really, really crucial to understand in this. In a proper business, this is the exact opposite. In a proper business, obviously everyone can lose, sure, if the business doesn't work, but it can also work out that everyone wins, right? If the business is profitable, like you look at Apple right now, right? Everyone is making money in Apple and there's no one that loses money. Why? Because the business is doing well. It doesn't require someone to lose money for someone else to win money. Now, if we use a non -business, sometimes it gets a bit trickier because let's say we use oil or gold. If you buy oil from someone, well, that person now has your money and you don't have that money anymore. So the only way how you can get back that money by finding someone else who buys that oil off of you. Now, imagine there is no one who wants to buy oil anymore. Why? Because we're not having a Ponzi scheme and a Ponzi scheme relies on new investments. So let's imagine there's no one who wants to buy that thing from you. Well, you could still use that oil and that's the key thing, right? So you can use that oil in your car and the car doesn't care about a price. So the price is a fundamental thing when it comes to Ponzi schemes. If something depends on the price of something, it's very tricky. If it doesn't require a price, so like a stock doesn't require a price and it is still valuable. Oil, even if you have no price for oil, like you're on an island, you have oil there, there's something you can do with this. Even for gold, a lot of people always say gold has no utility, but actually gold has a very strong utility. You need it for a lot of industrial use and also for jewelry. I mean, otherwise, I mean, look, I'll happily gladly take your gold and even if I promise I'll never sell it, I don't know. I can always be some nice jewelry, right? So look, it's very, very easy to kind of accept that or really explain that. Now, with Bitcoin, this is a humongous difference because Bitcoin only exists in the digital world and that's important. That is a strength, but it's a main weakness because it's very difficult for Bitcoin to actually being used. Now, I know that people sometimes say, oh, but it's being used for payments. That's actually not true. It's converted and it's really important what the price is at that conversion. But if you don't have a price, then there is no utility. The same is for if you are in developing countries, a lot of people say, well, but in developing countries, it's an inflation hedge. No, it's just an access to the US dollar and it depends on the US dollar price, right? So if Bitcoin were to drop in price, it would lose all its utility where let's say gold or oil, if the oil price dips to 1 % of today's price, right? No one would care who just uses oil like all the investors would care, but no one who needs oil, actually uses oil, would care. The same for gold, right? If gold were to drop by like 99%, people would be like, yeah, great. Now I can buy all the jewelry and all the stuff in the world that I always wanted to own for 1 % of price. Rare earth and so on, right? So it's the same thing. But for Bitcoin, price is everything. And so why is this important? Well, I don't know if you notice saying there's this wagney, like we're all going to make it, but it's actually not true. In Bitcoin, it is impossible right now for everyone to make it. There will always be losers.
A highlight from The Mike and Mark Davis Daily Chat - 08/24/23
"Turbulent times call for clear -headed insight that's hard to come by these days, especially on TV. That's where we come in. Salem News Channel has the greatest collection of conservative minds all in one place. People you know and trust, like Dennis Prager, Eric Metaxas, Charlie Kirk, and more. Unfiltered, unapologetic truth. Find what you're searching for at snc .tv and on Local Now Channel 525. Boys and Queen get it right. The show must go on. This one surely does with the Eminem segment and last night the show was on on the debate stage in Milwaukee. I'm tingling with anticipation as my buddy Mike Gallagher joins me. How did it all grab you? Well remember it was one of two shows that took place last night. Have you seen the latest number of the Tucker interview with President Trump? You want to guess? I'll tell you what this could be telling because I don't know when somebody said something about it. The last time I heard a number it was 70 some million. You're not even close. You ain't even in the ballpark. 168 million. Tremendous. Now listen the number from the Fox News debate lucky to get five, six, seven million. That'll be a big night. 168 million. Leading the Washington based inside the Beltway news site Axios to proclaim today Trump won the debate last night by a landslide. Mark I'm going to give you a caveat. I said all along I'm going to always be in for whoever the Republican nominee is. That will never change so please remember that. I'm not saying this to say I'm bailing on anybody but I predicted that Ron DeSantis needed to have a great night. He had to have a stellar night. He had to hit it out of the park. He had to be a kind of a game changer. If not his campaign is over. Well guess what? He didn't knock it out of the guy. And you know I've been analyzing even my own reaction to this. Driving in today thinking about this. I hate to play armchair psychiatrist. You hate to judge a presidency or who could be elected president based on your communicative skills, your gestures, your facial expressions, how warm you come across. But I'm sorry that's largely how people vote for people. You've got to be a good communicator. Look at the greatest presidents of our lifetime. Look at the great communicators from Reagan to Trump. They're not awkward. They don't have stilted moments. I mean you see at the end Brett Bear had to prompt poor Governor DeSantis for the closing statement because he stood there with that frozen smile on his face and he wasn't sure when to start. And all night long I saw people posting video clips of that awkward smile that he's not a natural skilled you know warm you know what I mean effervescent politician. Now again shame on all of us for judging policy on that and I'm not saying that. His policies are superb but Joe and Mary Birkin are watching in Omaha and they're saying this guy doesn't win me over. He's awkward. He's a little clunky. And let me just get one more out of the way and then I want to see what you think. I'm on a roll but here's my final takeaway. The moment of the you could boil down the entire debate to about 30 seconds when Brett and Martha with that stupid pension of saying raise your hands like it's awful and I hate it as much as you do but hey nonetheless that's what that's part of nominee. You want to talk about first of all even if convicted right wasn't the question even if he's convicted will you still support what he's going to be convicted.
A highlight from Dr. Susie Reilly: "Let's Sell Our House, Retire, and Buy More Bitcoin"
"So did you actually have a conversation with your husband at one point and say, you know what, we should sell our house and put all of that money into Bitcoin? Yes. I did. How did that go? Welcome to the Coin Stories podcast, where we talk about investing, hard money, Bitcoin, and how technology is revolutionizing the global economy. I'm Natalie Brunell, and I'm here to learn with you. So this is for educational and entertainment purposes only, none of the discussions should constitute as official investment advice, and you should always do your own research. Make sure you're subscribed to my page so you don't miss out on any new content. This show is made possible through partnerships with companies I trust, and I'm very picky about who I partner with, so I hope you take the time to listen to the ad reads throughout the show. First up, Swan. I partnered with Swan because it is a Bitcoin -only company that is focused on helping people save for their future and self -custody their Bitcoin. Swan can help you start a direct deposit to take advantage of Bitcoin as a savings technology and learn how to take it off the exchange. Swan also offers retirement planning with an IRA, tax loss harvesting, and a white glove private client service. I use Swan to dollar cost average, and I deposit a little bit every day that's equivalent to what I might spend on a meal so that I add to my future nest egg and lower my yearly cost basis. Swan Studios produces my hard money news reports, simplifying Bitcoin for mass audiences, and documenting Bitcoin adoption around the world. To learn more and get $10 in free Bitcoin, head to swanbitcoin .com slash Natalie Brunell. All right, next up, Bitcoin Conference 2024. The world's largest Bitcoin event is headed to Nashville next year. Earlybird tickets are now available, and this is the lowest cost you'll be able to secure for the conference all year. And if you use the code HODL, H -O -D -L, you'll get an extra 10 % off. So come join us for three great days of networking events, panels, keynotes, workshops, and more. You never know what big name might be announced when tickets are much, much higher in price. Head to b .tc slash conference and use the code HODL. I'll see you there. All right. It's time for the show. Hi, everyone. Welcome back. If you don't know this Bitcoiner, you are missing out. I'm so proud to call Dr. Susie Riley a friend, and you have to follow her on Twitter X, whatever you call it, because she has one of the funniest pages out there. Susie, thanks so much for joining me on the show. No, thanks so much for having me, Nat. I'm excited to be here and thankful to call you my friend as well. Well, I'm so excited to hear your Bitcoin journey because you have such an interesting backstory. A career dentist, retired recently. You have a clinic in El Zante I want to talk to you about, but let's just start from the very beginning. Where are you originally from? Tell me a little bit about your career in dentistry and how you got into Bitcoin. I grew up in San Francisco and then went to Ohio State for dental school where I met my husband. We settled on Atlanta to practice dentistry together, bought a practice there in 1998. And I've practiced until this year. Sold our practice and have retired to Hawaii. Along the way in 2018 is when I first started purchasing Bitcoin. My teen son at the time asked me to buy it. I just did it to appease him. It wasn't something that I studied or believed in at all. But that has led me down like so many Bitcoiners, just many rabbit holes. And I think it really changed how my husband and I saw our careers. We loved dentistry. We were incredibly successful, had all of the trappings of success, but Bitcoin made us realize that those trappings that we enjoyed, our cars, our homes, all of vacations, felt like traps. They no longer felt like a reward anymore. And so we started in 2021 looking at selling everything and trading our time for freedom instead of the up. Wow. OK. I want to dig into a little bit more of that because one of the things that amazed me is when you told me at one point that you sold your house to buy Bitcoin. So before we get there, let's just talk a little bit more about money. I mean, growing up, did you choose dentistry because it was going to potentially bring you financial stability, something that looked like it was going to be lucrative? Tell me a little bit about kind of your back story with money. So I didn't go into college thinking that I would be a dentist. In fact, it seemed like a disgusting career to me. I wanted to go into academia. I loved research. I loved publishing. But one of the grad students in our lab, his father was a dentist. He had a standing Friday date with him since dentists don't work on Friday generally. And he would tease me and say, this is a horrible idea for you to go into academia. I think. And I'd say, what do you think I should do, Dr. Kevin? You should be a dentist, which again, I just I couldn't imagine doing that. But he had me interned in his office and he was this beloved character. He had a great lifestyle. He lived a beautiful, beautiful family, family man, and it sold me. So I went all in knowing that I've always wanted a lot of kids. And so I then went to Ohio State for dental school, met my husband. We have four beautiful children and we practiced for 26 years together. Well, I mean, you have what so many people strive for, what they dream of, but you mentioned that it felt like trappings, like you were trapped by some of those things. So let's let's kind of dig into that a little bit more. I mean, having all of these things, especially being able to maybe afford the nice house, the nice car vacation, why did it feel like you weren't fully in the in the value of freedom and living out in a free sovereign way? Well, I think that when first of all, as a woman and a mom, a working mom, you always feel like you're never doing enough. I think when I was giving fully to my kids, I felt like I was neglecting my, you know, especially when you're a business owner, I'm like, oh, I'm neglecting running the business. When I would pour more time into the business, I definitely felt a lot of mom guilt about I wasn't giving to my kids the way I wanted to. So I think you're always balancing that, which is tough as a woman. And then so many times it's no matter how much we made over the years, we built this little practice to get this huge practice, very successful. But no matter how much we made, we somehow found a way to spend it. And, you know, we went to the bigger house we get. So it did begin to feel like it was this hamster wheel that we were constantly, you know, just we were working so hard that we wanted to reward ourselves. And so it'd be like we'd go on a bigger vacation, we'd get the fancier car, oh, we need another home. And you when look at it as a big winner, it starts to feel like this is a trap. This is what they want from us is to work harder and to just keep the system going. Did you notice just prices going up, especially in sort of those more scarce assets like real estate? I mean, I'm thinking about just the conversation that a lot of people are having this week about Paul Krugman saying, oh, we should move the inflation target to 3%. Yes. I feel like so many people, we don't study the financial system at a young age to be able to question something like the inflation rate. Did you kind of notice, oh, things are getting more expensive, but I can keep up? I think for me, and I think this is a lot of people, and it's sort of a shame to say it, again, as a business person that I thought I was educated, I thought I understood the financial system, but I really thought inflation is natural. Of course, things get more expensive over time. Of course, a soft drink costs 25 cents when our parents were young and it's $1 .50. I thought that it's just the way things are. I didn't question it. I didn't question fractional reserve banking. I thought the Fed was a government entity. I knew the dollar wasn't backed by gold, but I didn't realize it was backed by no gold. There's so many things that I didn't understand and just thought, why should I study that? I'm successful. I think that's by design. I think we're kept in the dark. I think it's meant to be that we're not supposed to understand. Even talking to so many of my normie friends now or my dentist friends now, if they're doing okay, they don't care to learn. It's like, it'll all be fine. That meme about it's fine, I hear it all the time. Why are you worrying about this? It always ends up fine. In order to preserve your wealth, were you investing essentially in real estate before and maybe a stock portfolio or how were you seeing that ability to plan for your kids to hopefully have some sort of a safety net and be able to take care of their needs into the future? Yeah. I mean, absolutely just pretty traditional stock portfolio. We had a wealth manager. We had commercial real estate, tried to always have some passive investment. We owned our building for our practice, all these things and did well. But when Tesla made the announcement in 2021 about that they had acquired Bitcoin, when that came out, my stupid little Bitcoin on my phone, rainy day that I would sock away a little bit, I looked at it and I was like, holy cow, my nothing investment that I really didn't pay attention to was now a significant amount of money and had outperformed everything else that I had invested in. And that's when, of course, I started to see Bitcoin differently. To me, it became, oh, this is something that people can get rich on. I think that's the first thought that comes to your head. So I went full, I'm going to invest in altcoins. I'm going to find the next Bitcoin again. I believed in all of those fallacies and I went full altcoin investing. I took trading classes, all those things. Oh, wow. Yeah. And did well, but it was a maxi on Twitter, a toxic maxi on Twitter. I just started to get on to Twitter in 2020. I'd been on for a long time, just not active. And it was a toxic maxi who told me I'm an idiot and that I knew nothing about Bitcoin. And here I was, I'm like, well, I'm going to be retiring from my Bitcoin holdings. And he's like, I'm not even talking to you about it until you read one book. You've obviously read nothing. And that was for me, of course, I had many people tell me, you need to study Bitcoin. You need to read more. You need to, and I was like, I'm watching YouTube videos. I need, I know all I need to know, but getting me where it hurt most, my ego, that is what caused me to really read the Bitcoin standard and it opened my eyes to everything. Same here. Thank you, Safedine. Yeah, Safedine changed my life too. Wait, so, okay. It was your son who first told you about Bitcoin. How did he know about it? And did you, I mean, you clearly had a journey, right? It's like, no, this isn't a thing. I'm skeptical. Yes, maybe it's a thing. I'm going to invest a little, but also venture out into all these other cryptocurrencies. Oh, no, this is the only, the real one that I should be relying on that has the properties of money. Can you talk about sort of that journey and how, how your son discovered it? Yeah, so my son, like most teenagers, you know, his age was 16, 17 at the time were gaming. And so a lot of these young guys would talk about Bitcoin. And so, I mean, he came to me and he was like, you need to put, you need to buy, you know, 10 ,000 And was I absolutely not. And, but he didn't let up. I mean, it must've been six, seven months. And eventually he put an app on my phone. It makes me laugh. It was called Coin Mama. And he was like, my mama, I don't even, I keep meaning to look if it's still around, but it's, that's where I got my first Bitcoin. And so, and I only did it because he installed it on my phone and it was too, he was relentless. So I, it was to shut him up. What year was this and how old was he? 2018, 17. And so, wow. Yeah. And, and so I think my first buy was $20 of Bitcoin. And then, and again, it wasn't, I genuinely believe this was something that criminals use, that it was dark web stuff that I didn't want anything to do with it. So I didn't look into it. I was, it was an easy buy on my phone. And so, but then I would kind of, I never really paid attention to news stories or anything like that. I would just, but if I didn't go to Starbucks that weren't that week or, Oh, I didn't, you know, get my hair cut or I'm just going to buy some Bitcoin this week. So I was buying like little $20 here, $10 there for, you know, three years. Wow. Okay. So, I mean, for you to go from kind of, you know, dipping your toe in, buying it here and there in, in place of what you might spend on a coffee to actually selling your home and putting it into Bitcoin, how did, how did you get to that level of conviction that this is something that's here to stay and it is the best investment I could possibly make? It really went, to me, the difference between crypto investors and Bitcoiners is Bitcoiners are always so well read and they study so much. And my life motto is to always be in this drunk environment around people smarter than me. And when I kept hearing from these people were smarter than me, this is what I believe in. You know, I mean, there's people, you pest a fish, James Lavish, so many of these people, Jeff Booth, you know, that I'm like, I look up to them so much and they put their money where their mouth is. And then I would study a little more and I'd read a book that they'd recommend and I'd, you know, learn a little more, something, some light bulb would go on and you know, things like, my real estate holdings, they've done well, but they didn't do as well as my Bitcoin. It was, and then when I say, oh, yeah, this inflation isn't natural. These things are, yes, it looks like it's, my homes are worth so much more, but it's really the money is worth that much less. There's such a shift when you study and you're not all about the money that you realize things are so broken and it makes you want to do something to help change the system. Well, you know, I'm curious because I totally agree with the people that have sort of made it in the fiat sense and they're doing okay financially. They probably don't have a reason to question the system that's working for them. But why do you think that we're having such a tough time breaking through to the normies and really getting a significant amount of the working class that is really struggling with the disadvantages of the current system and with inflation? Why aren't they taking a look at this as an alternative just in coming to it in droves? Well, I think when Bitcoin is doing well, I know my experiences at my phone, text messages, email is blowing up like in 21. I had everybody just so excited about Bitcoin and crypto at the time as well. Like, you know, everyone was ready to put their jobs and become full time traders. It seems like you could do no wrong. But I know since then, like there are some members of my family who are late 21, they were ready to invest a significant amount into Bitcoin. And then it's these terrible, you know, FBS and no plan and all these things. They hear these things and they just don't trust it. It sounds like some it sounds like a scam to them. And I think, again, that's intentional to have all of these things seem like they're Bitcoin. And it scares people off, especially like my parents generation. It's terrifying. Well, what will change that? I think one of the best things Bitcoiners do is to differentiate Bitcoin, not crypto. It's something that I say all the time is that, you know, if you understand what Bitcoin is and then if I have family members who start asking me about Dogecoin or something, you know, Ethereum. And I just start talking about this is how it's different. I will I'll see a little bit of the light bulb go on. But I think until we see, you know, legacy finance, really, I think I think these ETFs coming on the line will be terrific for older investors and give it more legitimacy. That will make a difference. It's time for a quick break to hear these messages from my partners. Fold is the best Bitcoin rewards debit card and shopping app in the world. You can earn Bitcoin on everything you purchase from Amazon to groceries to your Bitcoin conference tickets with Folds Bitcoin cashback debit card. And you can win free satoshis every day or even play for a whole Bitcoin by spinning the rewards wheel. You can also buy Bitcoin and Stacksats directly on Fold and earn even more incentives and rewards. This is a great app to get someone totally new into Bitcoin and way better than earning airline miles or hotel points. Head to foldapp .com slash Natalie. And if you use my link, you'll get up to 10000 sats when you sign up for spin or spin plus and spend at least 20 dollars on the card. I'm so excited to share that I have partnered with Coinkite and we are committed to making sure everyone has the information they need to safely self custody their Bitcoin. Coinkite produces the cold card wallet, which is the cold storage device. I am switching to for safekeeping my Bitcoin. It is Bitcoin only. You can verify the source code. It's ultra secure. And as I'm learning, it's easy to use even if you're a beginner. If you head to their site in my show notes, you can find all of their products from cold cards in different colors to seed plates, tap signers, sats cards, block clocks, which I have behind me and more. I'm also in the process of creating some how to videos on cold card. So watch out for those in the near future. Become your own bank with Bitcoin and Coinkite. All right, back to the show. So did you actually have a conversation with your husband at one point and say, you know what, we should sell our house and put all of that money into Bitcoin? Yes, I did. How did that go? At first he said, okay, he was willing to sell the house because the carrot I had at the end is let's sell our house and retire.
A highlight from 1220. Algorand The Most Underrated Token$ALGO Hits All-Time Low
"All right, so getting into a little bit of a project breakdown for you guys today. It's going to be one that I think will give you an insight to one of the blue chip tokens that have been around for a while. And I think some of you have probably invested in this one, maybe looked at it for over the past couple of years. We're going to break that one down for you. It's going to be interesting. It is Algorand. Don't miss it. My name is Paul Beryl. Welcome back into Tech Path. All right, so let's get into a couple of things here today with Algorand. We're going to give you a project update, kind of go over some history as well from where this token has come from. First I want to just kind of jump into Silvio McCauley, who is pretty much the guy behind Algorand. If you can follow him over here on his Twitter account, looks like he's got a new profile picture up there. So doing a little bit of fun -ness there. And if you don't know who Silvio is, first of all, he's a Turing Award winner, one of accolades the highest you can get as an engineer or a scientist. And Silvio, if you look over his Wikipedia page, he's known for a lot of things. But one of the things he's known for most, which I want to kind of flow into, and you guys will be a little bit surprised here when I zoom in on this, he's best known for as one of the co -inventors of Zero Knowledge Proofs. Now, of course, that technology is being utilized by a lot of blockchain projects out there. So the fact that he has done so much in this space, blockchain, but even more importantly around ZK Proofs, just shows you what the vision is for Algorand, what it might mean for the project overall. All right. So I want to get into a clip here in case maybe you're not aware of what Algorand is. It'll give you a little bit of a breakdown. Let's go to that clip real quick. Proof of work, you know, that is the first we all know. Very expensive, very slow, and generates a centralization. So expensive and fast, sometimes is okay. Expensive is low, excuse me. Now expensive and slow and centralized, no. Miners are, if you want to know my opinion, the sub -product of an incentive scheme that Nakamoto got wrong, and everybody that does proof of work copied the wrong thing. Hatoff had a great vision. I vision something distributed. They didn't say, on top of these things, I vision the rise of money pools. Who cares about money pools, right? He didn't want them. But the incentive scheme that he did, because he was not well thought out, generated all this. Okay. So these approaches do not quite work, and that's why the nearest, just a few of them, that very often you don't get free out of free. We all have good goals here, right? The question is, do we have the technology to attain our goals? That blockchains are all, and foremost, about technology. All right, so as you can see, there's a lot there from Silvio. These are, some of these clips are coming for as many as five, six, seven years ago. But this is something that I think, and many people have kind of recognized this with Al Garan, because we have a lot of people in the audience that have talked about it and rave about where Al Garan is going in the future. But he is talking about proof of stake and kind of the centralization of some projects versus decentralization, obviously Al Garan being decentralized. I also want to go into another clip here around the pure proof of stake. Listen to what he had to say there. When you put the entire economy at the mercy of a very small part, you are asking for trouble. What is the small part of the economy that must be honest for Bitcoin to work? The miners. So what do we do in Al Garan essentially is the following. The economy is represented by tokens, 10 billion tokens. And if the majority of these 10 billion tokens are in honest hands, the system is secure. Put it in another way, who can really destroy Al Garan? You need the majority of the token collude together to destroy the very economy of which they own the majority of. That's what we call pure proof of stake and is really somehow the Al Garan approach to security in blockchain.
A highlight from 1375: MAX KEISER: Bitcoin Will Rocket to $3,000,000
"Holla at your boy. Lots to cover as the crypto bloodbath continues in today's show. I'll be breaking down the latest technical analysis, as literally there was a billion dollars worth of liquidations. We'll also be discussing SpaceX Bitcoin right down, sparks a massive confusion. The question is, did Elon and SpaceX really dump three hundred and seventy three million worth of Bitcoin, or is it nothing more than FUD? We'll also be discussing U .S. Congressman issues a warning on CBDC says they pose an existential threat to Western civilization. We'll also be discussing tornado cash loses its lawsuit against the U .S. government. I'll be breaking down this report, as well as breaking news. The judge grants the SEC request to file a motion for the appeal with the Ripple XRP case. And Max Kaiser, our fearless leader, quoting him here, Bitcoin has already and will continue to outperform everything else so spectacularly by one hundred X or more that anyone holding fiat stocks, bonds, gold and all the coins, property, etc., will literally be impoverished. 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 rumble channel at CryptonewsAlerts .net. Again, that's CryptonewsAlerts .net. And welcome y 'all just joining us. Now let's dive into our market watch and check out this insanity of this bloodbath currently going on in the Bitcoin market. You should be able to see on your screen. Let me know in the chat. Bitcoin's currently just holding on to twenty six thousand one hundred by a thread. We've already touched in the twenty five thousand range. We're still down six percent for the day. Ether down four percent, trading at sixteen hundred dollars. And some of the biggest losers naturally is some of these alts. XRP down thirteen percent, barely holding on to fifty cents. We have Solana down seven percent, trading at twenty one bucks and also XLM and Litecoin are in the blood red. And checking out CoinMarketCap .com, the current crypto market cap sits at one point zero five trillion dollars, but about seventy billion in volume in the past twenty four hours. So the volume is up roughly fifty eight percent. We've got the Bitcoin dominance at forty eight point three percent, with the ether dominance at nineteen percent even. And checking out the SOT 100 crypto gainers in the past twenty four hours, probably not much, just what you see here. We have AKT, which I have never heard of, up thirty three percent, trading at a dollar thirty nine, followed by Injective up seven percent, trading at seven dollars and seventy eight cents, followed by Tether Gold, which I have never heard of, barely in the green, trading just under nineteen hundred dollars. And virtually the entire crypto market is bleeding in in the red with the biggest losers, including Conflux, Litecoin and XRP for the past twenty four hours. And if you check out the top losers for the past week, yikes. I mean, we're talking about anywhere from ten to twenty, even as high as thirty percent losses, not looking good right now for the alts. And checking out the crypto greed and fear index, we're currently rated to thirty seven, finally back in fear. We have been stuck in neutral and greed for the bulk of the year. We're finally back in fear. Yesterday was a fifty neutral, last week a fifty one and last month also a fifty in neutral. Now, welcome to everyone just joining us. Someone earlier asked in the chat and they're like, yo, smash that down arrow button, dislike this video because he's sharing predictions of millions of dollars. Meanwhile, there's a bloodbath in the market. And I responded like I'm not losing any sleep over this dump. All I do is continue to stack sats and I sleep like a baby. Why is that? Because I'm not an ish coiner. I have the most pristine cryptocurrency, decentralized, incorruptible, unconfiscatable crypto, and the only one that there is and that is Bitcoin. So why everyone else is crying and panicking? I'm stacking sats. I just spent an entire day at the pool with my daughter having a grand old time. I'm not sweating it whatsoever. And I think if you're a Bitcoiner, you feel the same way because one Bitcoin is still equivalent to what? One Bitcoin. Who cares? The fiat crap, you know, value equivalent. It's irrelevant. One Bitcoin will always be equivalent to one Bitcoin. And with that being shared, let's dive into today's Bitcoin technical analysis and check out some of these blood charts we're witnessing right now. Bitcoin stayed near two month lows at the August 18th Wall Street open as the markets came to terms with extreme liquidations, which we can see here not looking so great. And data from Cointelegraph and TradingView showed Bitcoin price action tracking sideways after a single day candle spawned an 8 % loss. Bitcoin saw a cascade of liquidations across the derivative markets, which is used as a financial weapon of mass destruction, with these accounting for an outsized majority amid the relatively lack spot selling. Quoting QCP Capital, In Deribbit, it is likely that a large account got wiped considering the immense short liquidation that occurred together. And as you can see here, shorts are getting wrecked. I mean, so many positions are getting wrecked, obviously. Now, QCP, like others noted that the market reaction to the alleged trigger are right down to SpaceX's $373 million on their Bitcoin holdings, which appeared to be exaggerated. And in our next story, we're going to be diving deeper into this. And is it just all FUD or is there any truth to this story? Now, the total liquidations challenge those seen in the immediate aftermath of the FTX exchange meltdown, the event which resulted in Bitcoin dip into two year lows and the current low of the cycle, which is $15 ,600 back in November of 2022. Quoting the Kibisi letter, This feels like yet another sign of drying liquidity markets have seen over the last few weeks. And for popular trader Rec Capital, here's what he had to share. Bitcoin formed its higher high at $31 ,000 on inclining volume, but the price formed the second half of its double top on the declining volume. And an accompanying chart showed trading volume on the daily timeframes, as Rec Capital warned that capitulation had likely not yet matched the previous selloffs. Quoting him again, Though there was a small breakout in the seller volume on this crash, it is still nowhere near the seller exhaustion volume levels of the previous Bitcoin reversals in which he explained. In fact, current seller volume would need to probably double to reach those seller exhaustion volume levels that prompted the price reversals in early and late March, as well as mid -June. Meanwhile, others were more optimistic as pointing out to the RSI. Every cycle, including the weekly Bitcoin RSI experiences, a fakeout of the bull market start line comes lasting longer than others, and every one of them makes a revisit to the 0 .382 Fibonacci retrace of the move. And with the latest drop, both of those things are now complete. And also QCP points out, We believe that a low now rests on Powell's speech at Jackson Hill next week. And so there you have it. How low do you think the Bitcoin price action is likely to go during this dump? Let me know your honest thoughts in the comments right down below, which leads us to our next story of the day. Let's discuss everything SpaceX and the FUD circulating in the markets right now. What exactly is causing this mass liquidation of over a billion dollars of positions to be liquidated just like that? Let's break it down and let me know your thoughts also in the comments. SpaceX's Bitcoin write down report on August 18th sparked mass confusion within the crypto community. The report published in the Wall Street Journal puzzled many. Keep in mind, that's the mainstream who questioned whether SpaceX held 373 million bucks worth of Bitcoin and sold it in 2021 and 2022, or whether they only reduced their Bitcoin exposure by the same amount. Several social media outlets reported that SpaceX had sold this entire Bitcoin holdings. Maybe that's what crashed the market, while others expressed uncertainty, claiming they were unable to confirm the amount based on the wording of the report. As pointed out here, I actually read the Wall Street Journal report, and I think Bitcoin magazine is wrong. Yes, the report claims that SpaceX marked down the value of the Bitcoin by 373 million, but that doesn't mean they sold 373 million and sold some, but selling some doesn't necessarily mean they have no Bitcoin left. And I think they make a great point. Then Elon Musk, well, he revealed this in 2021 that SpaceX was holding Bitcoin as does Tesla on his balance sheet. And while Tesla's Bitcoin holdings were made public, there were no estimations around the SpaceX Bitcoin holdings, which have been key to the ongoing confusion. Tesla once held 1 .5 billion worth of BTC purchased during the bull market, but revealed it has sold 72 % of his holdings in quarter two of 2022. The SpaceX write -off claims were also believed to be one of the key catalysts behind the 2000 Bitcoin price drop, although several others denied that being the cause. Musk hasn't addressed the issue as of yet, but the market FUD made him target of Bitcoin proponents who questioned his strategy of buying high and selling low, while a few others called it market FUD. What are your thoughts? Do you think this is nothing more than mainstream FUD published by the Wall Street Journal specifically to tank the markets? Very interesting thought, right? One Reddit user wrote that Musk is running out of cash across all of his companies, suggesting that Musk might sell all of his Bitcoin and doge within the next six months. And users on X also called out Musk for his paper hands, which we commonly make fun of him for quoting them here. Musk appears to be going to toe to toe against Bitcoin and his ex empire. I wish him well, although I don't think this is wise. That's coming from Dr. Jeff Ross. While the dilemma around SpaceX Bitcoin holdings continues, Bitcoin proponents advocated traders to huddle Bitcoin and not fall for the market FUD. I think that's a great point. As pointed out here, SpaceX didn't sell his Bitcoin and neither did Elon Musk. Now sit back, relax, and just some intelligent guys getting $700 million in longs. Don't leverage, be patient, and just huddle. Sage advice, as we all know, huddle be thy name. And when in doubt, try to relax. Get your mind off of the price action. Like I said earlier, I spent the entire day in the pool, soaking up those sun rays here in Puerto Rico, and I'm not losing any sleep over these dumps. I just will continue stacking sats and counting my blessings because I'm a Bitcoiner and not an ishcoiner. And again, the ishcoins are the ones that get wrecked when Bitcoin drops 8%. Some of these altcoins will drop 10, 20, maybe as high as 30%. So that's the wreckage, you know, comes with the territory, no risk, no reward. Obviously, altcoins are very risky, but hence, when they pump, they could be very rewarding at the same time. So you got to find an equilibrium, right? Anyways, now let's discuss the existential threat, says Congressman regarding central bank digital currencies, better known as CBDCs. Let's break this baby down. And again, welcome to everyone just joining. Make some noise in live chat. Let me know where you're tuning in from. This is a very good warning coming from US Congressman Warren Davidson, warning that the central bank digital currencies, better known as CBDCs, can result in a dystopian future. Facts. The Ohio Republican tells his 80 ,000 ex -followers he believes that CBDCs could transform money into a powerful means of governmental control and plans to introduce legislation to criminalize the development of these types of assets. So everyone, please show this Congressman Warren Davidson some love, because I don't know many other congressmen coming out sharing that. And we all know this is fact because we're bitcoiners, quitting him here to make the point crystal clear. I am working on legislation to criminalize designing, building, testing, developing, or establishing a central bank digital currency. CBDC poses an existential threat to Western civilization by corrupting money into a tool for coercion and control. Now, sound money serves as a stable store of value and an efficient means of exchange. Now, Davidson also says he wants to prohibit CBDCs because they threaten other digital assets such as bitcoin and pitting the development of beneficial financial technology, quitting him again. Central bank digital currency poses a serious threat of all digital assets. As I said at a flyover fintech, many people wrongfully conflate even bitcoin with a CBDC. I'd say the average individual knows no difference because they're completely ignorant to cryptocurrency. But if you watch the show, you already know CBDCs are pure evil programmable government money and bitcoin is the antidote. Now, at least most agree that CBDC is evil, the financial equivalent of the Death Star. No, that's true. Now, don't become an accomplice to anyone designing, building, testing, developing, or establishing CBDC. Banning CBDC is essential to America's fintech future. Davidson calls out several entities currently working on CBDCs, including Ripple Labs. That's right. Tokenized assets are not the problem, it's the people. Entities, including the Fed, Ripple, and Consensus and influencers are actively working on CBDC projects. So it's no secret. The congressman says the CBDCs are the complete opposite of decentralized finance and vows to prevent their adoption, quoting him again. Current CBDC versions are centrally managed permission database dependent on digital ID. This is the opposite of DeFi, where the entire computing architecture is designed to protect privacy and enable permissionless peer -to -peer transactions. 100 plus countries are studying, developing, or implementing the same creepy surveillance state technology as China. So there you have it. You have been warned. I warn you virtually every single day on the show to stay away from CBDCs, as Bitcoin is the antidote, and we don't trust the government, and we don't trust their fiat money. Why would we trust their digital version of government fiat money? It would make no sense whatsoever. But anyways, fam, now let's discuss the conclusion regarding the tornado cash lawsuit. Unfortunately for the community, the government won. Then we'll discuss the latest with the Ripple XRP appeal, followed by the latest predictions from Max Keiser, suggesting Bitcoin will continue to outpace every other asset and climb another 100x from the current price, virtually predicting a $3 million Bitcoin price action. And then we'll dive into our live Q &A. So yeah, let's discuss tornado cash. And how many of you have ever used it before? Do let me know. Tornado cash is the most well -known crypto mixing service sanctioned by the US Office of Foreign Asset Control last August. The decision was a result of a long -lasting spat between the regulator and the crypto mixer dating back to at least 2018, when two persons of special interest in the US government were found to be using its services. Now, although crypto mixers do indeed appeal to cyber criminals, their main purpose is to grant extra privacy to those who want it. In order for a crypto mixer to work as intended, the number of beginning users must be much higher than the amount of bad actors using it, with no sizable amounts of assets to mix. The operation falls flat. Now, is this with the distinction in mind that Coinbase supported tornado cash's appeal against the sanctions? Well, as pointed out here, the rights are rarely secured on a path that is always up, and we will continue to believe plaintiff's challenge to OFAC's tornado cash action is right. We have always known that the Fifth Circuit Review is required to resolve these issues. So this is ultimately Coinbase pushing back and saying, hey, this isn't right. The government shouldn't be allowed to do this. Now, also keep in mind that according to the court documents, Torquato Cash's argument focused on its definition as a decentralized open source software project made of smart contracts on the Ethereum blockchain. However, the minting of torn tokens administrated by the tornado cash DAO led the government to believe otherwise. And although DAO is a technically autonomous, the court argued that whoever holds the most funds has the most voting power and therefore re -centralizing decisions in a roundabout way. The case was presided by Judge Pittman of the U .S. District Court for the Western District of Texas, and motivating his decision to turn down the lawsuit, Judge Pittman stated, in the eyes of the U .S. government, tornado cash is indeed an entity with a property interest, and therefore the OFAC sanctions of the crypto mixer do not qualify as governmental overreach. Quoting them here, this case is about tornado cash, but the parties disagree on how to characterize tornado cash. Plaintiffs argue that the designation of tornado cash exceeds the department's statutory authority over foreign nationals' interests in property and violates the free speech clause. The government, on the other hand, argues that tornado cash is an entity that may be designated and that it has a property interest in smart contracts. So unless further arguments are brought forth, tornado cash will remain on the OFAC's specially designated national list, which prevents the entity from doing business with the banking sector and a wide range of businesses. So there you have it. What are your thoughts on this? Do you think this is unlawful and overreach of the government bodies in the SEC? Let me know your honest thoughts in the comments right down below. Now let's discuss the latest with the Ripple lawsuit versus the SEC. As many of you know, Ripple Labs did get a slight victory, and it was determined by Judge Torres that XRP was not being sold as an unregistered security, as the SEC deemed. And so, however, Gary Gensler is not accepting that the SEC is not accepting the verdict from the judge and is ultimately going to be appealing this decision. So let's now break this one down, shall we? Yeah, very interesting indeed. Check it out. Judge Torres has granted a request from the US SEC to file a motion for leave to file for the interlocutory appeal in the case against Ripple Labs. The security regulator sent a letter to Torres August 9th Well, duh. But according to the US law, this appeal occurs when a ruling by trial court is appealed while other aspects of the case are still proceeding. The decision allows the SEC to file a motion by August 18th, which is today, requesting permission to bring a case to the US Court of Appeals for the Second Circuit. Ripple will also be able to file an opposition to the motion. Now, the decision comes just a few hours after Ripple Labs voiced opposition to a potential appeal for the case. Ripple lawyers put forth three main arguments in opposition to the SEC request. They first argued that an appeal requires a pure question of law and that the SEC's request raises no new legal issues that need to be renewed. They also argued that the SEC's claim of an incorrect court ruling on the matter is not sufficient and that an immediate appeal will not advance the termination of litigation proceedings. Quoting their CEO, Brad Garlinghouse, reminder, the request for appeal, even if granted, doesn't change the fact that XRP is not a security. That's not up for debate or trial, but the SEC continues to claim that Chris and I acted recklessly in believing that XRP is not a security. Yada, yada, yada. Now, Torres ruled on July 13th that Ripple's native XRP token is not a security when distributed in public sales, aka exchanges, but that the ruling considered XRP a security and institutional sales. Interesting. The case against Ripple has been ongoing since December of 2020. Holy moly. When the SEC sued Ripple and his two chief executives, including Brad Garlinghouse and Chris Larson, over allegations that the company was offering an unregistered security. And in a recent interview with Bloomberg, Garlinghouse shared his belief that the SEC would face a lengthy appeal process, putting him here, as a matter of law, the law of the land right now is that XRP is not a security. And until there is an opportunity for the SEC to file the appeal, which could take years, frankly, we are very optimistic. He noted, and according to Garlinghouse, an appeal against the retail sales ruling would only further solidify the decision that Torres made. So there you have it. You also have to keep in mind for this to go to the appeal and do a whole new trial could take years. So in the interim, meaning in the meantime, meanwhile, XRP is not a security unregistered security being sold on the exchanges. So all the exchanges have the permissions to relist it. And in fact, a lot of the major exchanges have already relisted XRP for this reason. However, if they have another trial, let's hypothetically say three years from now, and after another trial, the judge changes the ruling and it's deemed an unregistered security, then it can be like deja vu all over again, like going back to 2020, it gets delisted from all the exchanges. And to me, that is very scary. And you can thank No Clarity Gary for that one. So how do you think this is likely to play out? Do you think the SEC is just wasting their time? I mean, I personally look at it this way. The SEC has unlimited resources. They have all the money in the world, the money printer, you know what I mean? Will continue to go burp for their needs. And so they can virtually do anything they want. I think it's overreach. Obviously, it's the crypto crackdown. Unfortunately, it's likely to continue. However, I think the lawsuit against Coinbase and Binance, et cetera, can help set precedent, just as the XRP lawsuit has. And I think that thus far, it's been a win for crypto because the SEC is not getting their way. And of course, they're not going to be happy. Of course, they're going to appeal it. Of course, Gary is not going to give us what we want and protect the investors whatsoever because they're just protecting their own pockets at the end of the day. And that's just the reality of the life that we live in here in the crypto sphere. But with that being shared, fam, let me know your thoughts. And now let's break down our main story of the day. And that's Max Kaiser predicting that the Bitcoin price will rise to $3 million. We don't care if Bitcoin is crashing because we're in this for the long haul. So cry me a river, y 'all. But with that being shared, yeah, first, let's start with this quote he recently shared on Twitter dated August 11th, which got 62 ,000 views. He wrote, Bitcoin has already and will continue to outperform everything else so spectacularly by 100 X or more that anyone holding fiat stocks, bonds, gold, all the coins, property, et cetera, will literally be impoverished. Very powerful words. Now, at the time he made this prediction, Bitcoin was close to 30 ,000. So what is 100 X times 30 ,000? That's $3 million per coin. And now quoting him from a more recent interview he did with Swan, maybe about a week or so ago, I posted this on X, formerly known as Twitter on, let's see, August 12th. So the following day after he made that post, it got 131 ,000 views, fam. And here's what Max Kaiser had to share. With Bitcoin, it's kind of the end of price discovery because everything will eventually be priced in Bitcoin. Everything goes to zero against Bitcoin. Bet you heard that one before. And so for someone like myself who has been following this for 40 years, the finance markets, technology, Bitcoin is the holy grail. It is the end all preach. I would say my compatriot in all of this is Michael Saylor. When you hear Michael Saylor talk, he talks about the aesthetics of Bitcoin, the beauty of Bitcoin. And he speaks about it in a way I think carries the torch from the Max and Stacey from 2011. Now he started buying it, I guess, when it was 10 or $12 ,000 or so in 2020 era. So we were there from 2011 to 2020. And I think he's kind of carried the torch from 2020 in a lot of ways and introduced Bitcoin to massive pools of capital, including to Elon Musk. Note that. I'm surprised that more companies haven't followed his lead, giving the breakup of inflation that we have had exactly as Michael Saylor predicted. The melting ice cube, as he called it, at the exact time and exactly what happened. Well, I guess we can say now we're in an era where BlackRock and these other major institutions are now looking at Bitcoin. So his work on the institutional level, I guess, is bearing fruit. Now, three years later, I see in the Middle East, they are starting to recognize Bitcoin. So that's a huge pool of capital. Yeah. And I think that all that oil money will find its way into Bitcoin and be a huge catalyst for higher prices. So it's a natural way for the oil industry to diversify their portfolio because Bitcoin is essentially energy and the energy eventually gets priced in Bitcoin. And there is a marriage between these two in a big way. So there you have it, his first big prediction that the oil industry is going to diversify into Bitcoin and he continues. So I think that's kind of the answer. I have always been fascinated by price discovery in markets and the architecture of how markets work under the hood. And Bitcoin is such a pristine, perfect money. And I think it's something that humans have been searching for since forever. And now we're seeing it change society on a really fundamental level with the introduction of Bitcoin. Now, a lot of people are freaking out because of it, because it destroys the status quo, preach. And a lot of people who have been waiting for it to come along and had the faith that humanity can be saved. Thank God. I honestly feel humanity would be doomed without Bitcoin. All we have to look forward to is CBDCs and the enslavement of the human race. Now, anyways, continuing, they see Bitcoin in those terms. So you have this split going on, which is very exciting. So it just continues on and on. And how could you not be interested in it? I think the people who were into it earlier, aka Roger Ver, and walked away just never got it from the beginning. Once it's categorized as an asset class, we have nothing to do except position ourselves in this asset class. So either we are going to have a small position or a big position, but we cannot ignore it. We cannot not have a position. Now, listen closely here. So even 1 % of that multi -hundred trillion dollar funds available moves the needle on Bitcoin and it moves it up considerably. He's referring to the five, six, seven hundred dollar or five, six, seven hundred trillion dollar total addressable market. And he continues. So if we get into the five or 10 % range, then you start to really see a raise ahead to the seven figure type predictions that people have been making, including myself, because it is an asset class. But on the flip side, we have what we saw in the gold market, which is the ability to control price discovery and manipulate the prices. And it's real through the derivatives markets. Pay very close attention to what he shares about derivatives here, fam. This is how the powers that be and the central bankers continue to manipulate the precious metal market. So the price of gold has been lagging inflation for 20 years because the government around the world doesn't like gold making their fiat money look bad. So they make it easy for the huge funds to manipulate the price of gold and to scalp and to continuously skim profits off of gold, which is what they do almost every single day. You can watch it and see it. In fact, it's pretty clear. And they are very good at keeping the price of gold and silver down. There's something like for every ounce of silver, there's probably 50 ounces worth of derivatives floating in various exchanges around the world that are used to keep the price of silver down because governments don't want gold to race ahead to draw the capital out of their fiat money scam and into gold. Makes a great point, right? And with Bitcoin, we have the ability to pull our private keys, which is not really available with gold. Technically, people can take delivery of gold on these exchanges, but there's never been an organized attempt to do so preach. And also, let's not forget that the majority of the gold in the world is hoarded by the central bank. So keep that in mind, fam. Anyways, back to Max's quote. We tried to do it a few years ago. It crashed JP Morgan by gold and silver because after the 2008 financial crisis when JP Morgan ended up buying Bear Stearns effectively for nothing, they inherited this multimillion short silver position that Bear Stearns was managing at the behest of presumably the government. The government likes to stay involved. And so I did some calculations and it became clear if this short position was not covered and the price of silver got to $60 or $70 an ounce, it would bankrupt JP Morgan Chase. So we started this crash JP Morgan buy silver campaign. We got the price of silver from 15 bucks up to $50. What a legend. So we got it up to the old Hunt Brothers $50 level. And then the Fed of course came in and they changed the laws overnight to make it possible for these banks to have and carry much greater short positions on silver. So they printed up a lot of paper silver derivatives and they stopped the run on their bank and the price went back down to $15 or so. So we have seen that it is possible to force capitulation to the silver market, but at the end of the day, because of the ability to pull private keys, it is not like it is with Bitcoin. I don't think it'll ever succeed. Whereas with Bitcoin, you can pull your private keys. So there you have it. Very powerful words coming from Max Kaiser. And that's 100 % accurate. And why I don't trust the precious metals myself. Now, if Bitcoin and cryptocurrency didn't exist, I'd be all in on gold and silver because what other option would there be? But because there is Bitcoin, there is no second best as Michael Saylor once said, like real talk. Am I going to trust my life savings in gold when the powers that be can just manipulate it on a whim? In fact, they have been caught doing so, so many times. How many times has JP Morgan had to pay billion dollar or hundreds of millions of dollars in fines for being caught manipulating the precious metal market? I think that will continue. Now, Bitcoin is the only incorruptible money, hence why it is perfect money. There is a finite limited supply. And I mean, there's no greater alternative. There is no second best quoting the great Michael Saylor. And don't forget to check out crypto news alerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode.
A highlight from Ep360: Get Rid Of Awkward Episodes With These Energy Level Tips
"For most of the people that would listen to this podcast, they're going to be people with normal, good energy level. They're going to be optimistic and excited about life. And you've got to be careful and cautious of the energy level that you come to town with, come to the podcast with. Most hosts never achieve the results they hoped for. They're falling short on listenership and monetization, meaning their message isn't being heard and their show ends up costing them money. This podcast was created to help you grow your listenership and make money while you're at it. Get ready to take notes. Here's your host, Adam Adams. What's up, podcaster? It is your host, Adam A. Adams. And today we've got something good that we want to share with you that is going to help you. And it is about your energy level. I've got a brand new podcast client. They've been a client for more than two months, and their podcast is about to launch. When you launch a podcast with us, by the way, it takes time. And I need to share that with you now. And then I'll get into the energy level that I was going to talk about with this one podcasting client in mind. And here's the thing is the energy level that you come to your podcast with, I don't know if you remember recent episode called The Thermostat and the Thermometer, where you can either read the temperature or you can dictate the temperature. In this case, you want to dictate the temperature. So you're, again, being the thermostat, the energy level. And let me say that side note thing real quick to get it out of my head so I can move on is it takes a little bit of time when you go ready, fire aim, and you just launch a shitty podcast and you don't give a crap who listens to it. That's what's going to happen. You don't know if you're going to get any listeners and you're just busting it out there, throwing it out without a care, without making sure that all of the things are in place. That's what most people do. 90 % of podcasters really just go ready, fire aim. Somehow, some way somebody learned ready, fire aim, and then they started everybody keeps repeating it and taking completely out of context. Ready, fire aim doesn't mean do something badly. It means start taking action on a thing. It doesn't mean get things going and recorded and published that are shit. It's not asking you to please have bad quality because that's better than having good quality because you did something. No, no, no, no, no. Ready, fire aim is just about taking action, massive action. It doesn't mean to publish bad stuff. It means to take the time to understand, to start working on it, to start learning now, to start connecting with the team that's going to help you now. This is ready, fire aim in its real raw old thing as I understand it. It is for you to take the action, but it doesn't mean to make it crap. It's not what it's saying. So anyway, going to the energy level. Oh man, I am all over the place today. So what am I saying is if you want to start a podcast that is bad, you can just do whatever you want. You don't have to listen to this podcast. You don't have to hire a company to support you. You can just put out the bad stuff automatically and you'll have the podcast and maybe you'll be your only listener. It'll be a diary or a journal. It won't be a real podcast because you got to go ready, aim, fire. You got to spend some time getting behind it. And that's all I meant is some people are surprised that it of podcast another company where they could launch it in a weekend. You're going to come into this two day seminar. You're going to come in on Saturday, not at all knowing what you want to do. And on Sunday, your podcast is published. There's not enough time. That is a recipe for crap. That is a recipe for bad stuff. So something that you don't want to do. You want to spend some time and effort to make it good. So I'll say that now. That's why I said this is a brand new client and they're just starting to launch, finally launching. And it's been a couple of months. They've been working with us. They've been recording episodes. We've been editing them. We've been cutting out on Ums and Us. We've been making sure that we know who the avatar is. We did a really good job with the artwork and we started recording episodes and now it's time to launch. And now it's getting ready to time to launch as I'm listening to some of the first episodes. This is what happened. The music that he picked was so energetic. It had such a high energy level. And not only that, but the voiceover artists. So his music is original theme music. When you launch with my company, we hire real composers to create original theme music. So we did that. And it takes time to things right. And we hired a voiceover artist to record with that music to record the introduction, the 20ish seconds, 15 second intro that the podcast begins with. We chose female voiceover artists between the client and me going back and forth. We decided that even though he's a guy, he should have a female voiceover artist. So here's the thing. The music is exciting. The voiceover artist is perfect. She has an energy level above average. She's inviting. She's warm. She's friendly. She's even a little flirtatious, like in a way that's not off -putting to anyone, but a way that you just, I really like this person. This person seems like a good person. I want to be around them because they seem friendly. They seem happy. They seem excited about the content and they seem smart. It's just how it feels when you listen to this voiceover artist and remember the energy level of the music way up here, the energy level of the introduction by the female voiceover artist way up here, the engagement level on those things. It's like, you're getting excited. And then my client came in on the first two episodes, which are being replaced. The first couple of episodes, he came in, like you hear all this excitement and he's this. And basically it was like, as if he was a late night DJ. Have you heard of a late night DJ? Some of you might be so young. You don't really know what FM and AM radio is. You don't recall what these things are. You never experienced it. You always had wifi and Bluetooth and phones that could hold like thousands of songs. And that's not the case for all of us. For some of us, we didn't have those things. We're old enough to remember when we had to fine tune a big giant radio dial until it hit the exact right mark to tune in to a station from far, far away. And we recall that with these radio stations at night, the DJ spoke a little bit differently. They weren't trying to be your friend anymore. They were trying to stay out of the way so that you wouldn't have to get woken up by their introduction or their music or what they're saying to you. So it was very soothing. It was very calming. And you could actually sleep through this. I used to listen to this classical music. Actually, it's funny, random listening to classical music right now in the other room. And then it's funny. I haven't listened to classical in a while, but I used to compose music and I love it. I love classical. Anyone who knows me from junior high and high school knows that practically the only thing that I would listen to is Bach, Vivaldi and Mozart. Those are my three favorites. Bach, Vivaldi, Mozart and Pachelbel. I like Canon and D. But anyway, getting back on track, I would listen to classical music on something. I don't remember it was 98. It was 89 .1. It doesn't matter. It was late night station that I would sleep to. And I always appreciated that the DJs had their late night voice. I was like, I'm so glad that this guy or the girl wasn't waking me up with their energy, with their higher level of energy. They were chill and they were calm. And they would mention the next song that was coming on and they would do it in a tone like this and they would do it in an energy like this so that it wouldn't really disrupt me while I was sleeping. I don't love it when you record your podcast episode with a late night DJ voice, unless you're specifically trying to help people sleep. That's the case. Do it. I love it now. But for most of the people that would listen to this podcast, they're going to be people with normal, good energy level. They're going to be optimistic and excited about life. And you've got to be careful and cautious of the energy level that you come to town with, come to the podcast with and record with because it can be bad to go above and beyond like it can be bad if you're so over the top, so above average that people wonder if it's even real. People wonder if this is a fake. How can this guy really be this way? How can this girl really be this way? They're hiding something. Why are they so happy? Nobody's that happy. And so you could get some criticism by coming too high of a getting some criticism. You could also turn off your perfect avatar who needs you by going way too above and beyond, way too excitable. That could actually turn people off as well or being the monotone late night DJ voice, the Eeyore, if you will, going to maybe turn other people off as well. So you want to fine tune it. And we've talked about this multiple times on the podcast, but not in this way. In the way that I'm delivering it with you now, it's a little bit different. The energy is a little bit different. My thoughts on it are a little bit different. My analogies are a little bit different, but it still goes to show the part that stays the same is A, you got to focus on your energy. You have to understand your energy. B, you need to come in with the same energy level as your intro. That's your music and your voiceover artist. You got to come in with the same. And finally, you want to stay somewhere in the six to eight numbers. So if five is average and one is just completely dead and two is barely alive and three is Eeyore and four is just slightly below average, five being average, six being about what I'm giving you right now. I am giving you mostly a six or a seven, sometimes maybe an eight right now. And then there's 10, which is like, we'll even say there's an 11. 11 is above and beyond, like way over the top. 10 is your most excited level. And it's probably too much. It's probably too loud. And nine is a little step back, but probably still too much. So it's really that six, seven, eight, that's going to get you the best results for you, the energy level. So let's go back to number two. And that is to imitate, to copy, to mimic or to mirror the level of energy that your introduction comes in with. How do we do this? Well, for this client, what I mentioned to him, and I was like, bro, you know, I love you, right? He's been a friend for a lot longer than he's been a client. I go, bro, you know, I love you, right? And he's like, yeah, what is it? I know you're going to say something. I'm like, I just want to make sure that you got it with love is that the energy of your music on point. It is an eight energy of your voiceover artist. Great. She's giving an eight energy. And then you're coming in with a four and it sounds like something changed. It immediately confuses us. Also, we just noticed that you don't seem excited because when we get you next to those eights, it comes down. And so I gave him three options. I said, brother, going to give you three options. I sound like I'm from Scotland going to give you three options. I don't know if I'm doing a good accent for Scottish, but I do have some Scottish blood going back to my clients. I want to give them three options. They said, I'm going to give you three options. Option number one is that we take down, redo the music and the voiceover artist so that they are coming in with a five and a half or six so that you can come in with a four or five. And people aren't going to notice it so much. I said option number two, we can leave the voiceover artist. We can leave the music because you chose it. You said you liked it. You said it was perfect for your avatar so we can leave it. But you've got to at least start out your podcast and hear me out. If you're listening to this episode, this is a part to listen to and to write down and pay attention to. I said this to him as well. If those are coming out at an eight, you've got to start at an eight. You've got to come in and be like, what's up? It's blah, blah, blah, blah, blah. It's John Stockton. It's Adam Adams. It's Carl Carlson. It's Sarah Saracen. Is that a real name? Sarah Saracen. John Johnson, Carl Carlson, Swen Swenson and Sarah Saracen. Sarah Saratops. I'll say that. You come in at the same level. What I told him is you've got to listen to the intro music prior to recording. You've got to listen to your voiceover artist prior to recording. You have to have around that same level. Now, once you establish that level, you can slowly move up and down through the podcast and it will be fine. I said option number three. Option number three is the hardest option, the most challenging, difficult option, but you might want to do it. He's like, what is that? What's option number three? And my response is that option number three is we leave the music, the original theme music and the intro by the voiceover artist. In this case, a woman. We leave those where they are. You still listen to them prior to recording to make sure you're matching and mirroring, copying and imitating and not going too far above or beyond. But you also, instead of partway through your podcast, letting your tonality and your emotion go way below, you would maintain it and constantly you would maybe even write a six or a seven, six, seven or eight on your wall behind your recording. And this would allow you to always say, I've got it throughout the whole episode. I've got to be cordial. I've got to be friendly. I've got to be warm and inviting and flirtatious and helpful and excited and passionate about what I'm talking about, because those are the things that bring your people to you. It's your energy. It's how you come across. Don't forget it. Maintain that energy level at a six, seven or eight, especially if you've got music and a voiceover artist. You want to make sure that you are matching that when at least when you launch or going back to option number one. If you can't do any of that, it will be OK for you to record music that's at a four or five and an intro that's at a four or five if you really need to be at a three, four or five, because then it won't be so drastic. It'll be flow a little bit better. But I need to say again, it's still better to come in a little above average, not over the top, but a little above average at a level six, seven or eight. Got an interview episode coming up. Don't go away. This one was short. I'll see you on the next episode. Oh, hey, because three of my clients came to me recently looking to find a way to have their podcast make the money instead of cost them money. We put together a resource for some of our clients and I want to give it to you as well. It's something that did actually seem to help because one of them is now making twenty six hundred a month. Another one forty five hundred a month. And the third is making between five thousand and ten thousand each month. And so it's been a resource that's been incredibly valuable to them. It's our sponsor sheet template. It's a template of a sponsor sheet and it gives you something that you can hand to potential sponsors and hopefully also be making twenty six hundred, forty five hundred or between five and ten K regularly each month with your podcast. So this has been a contributing factor to helping all three of those clients turn their podcast into an additional income stream for them. And the way that you can find it is just going to our website, growyourshow .com, but put in forward slash templates, growshow .com forward slash templates, and then you can actually download that template and others that could be valuable to your podcasting experience. I'll see you on the next episode.
"six seven" Discussed on WTOP
"To discuss fed ramp policy changes technology advances best and practices featuring congressman jerry conley the sponsor of the fed ramp authorization act and executives from fed the ramp program office state ramp d h s and more register at carrosoft dot com slash fed ramp twenty three that's carrosoft dot com slash fed ramp twenty three uncover risk gain insights make and confident supply chain decisions with exager exager's ai software is transforming supply chains defense contracting and procurement one customer saved an incredible one hundred fifty million dollars in raw materials purchasing another reduced clients costs by seventy percent exager is empowering professionals to succeed in a volatile market experience the power of a single platform to achieve resilience compliance and cost savings combined navigate your way to transparency at exager dot com the supply chain game to wtop near us five fifty three well a major classic rock artist makes wolf his way trap to this weekend and it's a special concert for john fo gertie who just won the rights back to his credence clear water revival songs he tells wto piece jason freely you'll hear all of them on saturday i what see i say at the beginning of the show is i just got my songs back and i'm gonna do all of them john fo gertie says he'll play hits like down on the corner i opened the newspaper and there was this picture of winnie the pooh so i thought about what if winnie the pooh had a little band winnie and the pooh boys that somehow morph into willie and the poor boys a band ring down on the corner down on the corner out in the street playing a song for the band, bring the niggas, have you been? you'll also hear have you ever seen the rain which just hit a streams billion on spotify that song is about my band breaking up here we were having our shining sunny day yet there was rain falling down all over it i want to have you ever seen the rain? hear our full chat on my broadcast beyond the fame, jason frailey wtop news here's what's ahead on seven news this evening good afternoon i'm seven on your besides michelle marsh coming up at six seven news takes a closer look at a
Meta Won't Allow Ad for Mark Levin's New Book
"Along with Facebook. I understand that. And I'm not interested in making a big issue out of this. But I'm not going to deny to you what I already know. I said to a buddy of mine, if I told you who it was, you would know. I said, you know what, I'm not even going to talk about it. He said, no, you have to. I said, why? He said, Mark, you have a massive audience. They did this to you. And even though they appear to be backing off, they're blaming you some bureaucratic thing your publisher and whatever, they crush conservatives I said, they do? I don't know if they crush conservatives all the time or if they'll crush conservatives going forward. But I don't know why it's so controversial to put on a social site or on Instagram, the cover book, the Democrat Party hates America when you see the filth and the scum and the stuff that they put on Facebook. If somebody had written a book, Republican the Party hates America, I guarantee you there'd be no issues. And so just like with Target five, six, seven weeks ago, they came up with some bureaucratic answer and somehow we magically reversed course. Facebook's doing the same thing. Somebody from their Washington office reached out. I don't care. Not at this point. Talking about, you know, take some time to get authorized to run any ads that are political in nature. Am I running ads that are political in nature? This is a cover of a book. It's
Kyle Seraphin: All Prosecution Documents in Trump Case Are Intentional
"And have anybody try to take you seriously. And unfortunately, keep judges keep doing these things. Doesn't the bureau do this every day? They've got their case. They're a, you know, they're a co -agent on another case. They're helping an arrest team somewhere else. We're splitting our time with protection. But can you just confirm to the audience here, because you know this is true as well as I do, that when you get a case with this kind of political significance, prosecution a of a former president, there are no mistakes like this. There is no way in these documents you put together for the subpoena. Five, six, seven, eight people didn't read it and another ten in justice. There's no way this was a mistake. What happened is it got out, they got humiliated, and someone's running cover. Oh, we errantly put in there, he's a flyver. It's not a mistake. No way. No, everybody is seeing this. And here's the other funny thing too, think about this, you talk about protection detail. The guy's got a protection detail from your old agency, so you think that he's just running off? He's being watched all the time for his safety, that's what we do. We've got federal agencies watching him that also have investigative capabilities, and they have a handshake with the FBI, and then you're going to try to tell me that he's going to run. It's so silly that you think that there's not incredible scrutiny. And we should also just mention, this has never even been, this isn't even like a case that existed. You could say, well, there's this sort of precedent for it. It's so high profile that there has never existed anything like it because we've never done
Actor and Educator Naheem Garcia Describes a Pivotal 'Bet on Self' Moment
"My question to you is out of all the things you've done because you've done so much. What would you say was your bet on self moment? What was that moment in your life when you said, you know what? If not me, then who? And if not now, then when? When I was when I was about six years ago after I was done with several schools and and I wanted to give this a shot and my life partner encouraged it. And I did it. And it made me feel bad when I have a couple of bucks. And it made me feel bad when I was failing and and encouraged me and reminded me of all the things that I kept doing. So that was the motivation. About six years ago, I said, you know what? I'm going to do this full time. This is what I want to do. This is what makes me happy. And I'm not bad at it. I'm not bad at it. I'm sitting here across somebody who is giving me credit for mentoring and supporting them. So, yeah, I think I got a gift and I think I'm going to stick to this. I'm going to work with some young people. I'm going to do this acting thing. I'm going to take this acting thing and help other young people use it as a vehicle to discover something about themselves. And not just young people, any people. I work with the entire community. You know, I remember one time my mother and I went to Orlando and we walked into her church because, you know, that's my mother's an apostle. So we went to go visit a church that she worked with in Florida, in Orlando. And I walked in. I saw a bunch of kids. I said, oh, give me the kids. Give me a room. I'm going to go with the kids. And I went with the kids. My mother had the adults. We came back. We did a presentation that did tableaus using quotes from biblical and the adults improvising. And my mother was my mother never saw that work. We never did it together. When she saw I never saw my mother like, you know, people touching my mother. I'm like, that's my mother. What are you talking about? So when I saw my mother do her thing, I was booming when she saw me do her thing. And I was like, yeah, mom, you know, my ministry is working with the babies, you know. And and but my mother was always the person who encouraged me to do it, too. My mother used to say, I love you, mom. She say, you're so much better than Eddie Murphy. Eddie Murphy's a standard. So I'm going to say. But she said the greatest thing that my mother ever said to me, the greatest thing that my mother said to me. Shout out to my Garcia Hernandez and Moore family and Smith and Palmer. And you know, you all are. I love you all. Thank you. My mother said it'd be a sin of the world and get to see your talent. And that stuck to me in about six, seven years ago. I mean, I've always done this throughout my life. I've had double careers at the same time. It was too much. But to really pour all of my life into this and it's working out because I'm not a starving actor. I'm a working actor, you know, and everything's real when you self -employed. There are good days, bad days. There's some days when you sit there going, what am I doing? What am I doing? Hey, I'm not going to lie to you. Not long ago, I was sitting and not long ago, I was sitting here trying to figure out how to, am I going to apply to ever source? You know what I mean? Literally. And you're looking because you go through that. But at the end of the day, my passion, my love, and I believe this is my mission because I've touched so many beautiful people like yourself and others. And I thank all of you and every last person, including people in my family that have taken the time to remind me that I am doing good work and great work. Thank you. And your, your words and your motivations help
A highlight from Matt gave warning to all dog walkers !! Sheriff came for Rich but hasnt taken him away yet. He is already in jail. Europeans are missing in action but Walmart is full of exotic skin color.Episode #407 August 7th. 2023
"Good morning, good afternoon, good evening, Monday is here episode 407 on August 7, 2023 from this mic Rich From this mic Matt, it's interesting that you went from morning, afternoon to evening because we don't know when our listeners are going to listen to this. We don't even know what they're doing, do we want to know? What I like about it is you gave them options. Yeah, what do you think they're doing, they're walking? I don't know, who cares? Just listen to us and we hope that they have a wonderful and blessed day, that's all I care about. Can you imagine when somebody walking dog and just like has to pick up the poop and now we say something funny and he starts laughing and cannot grab it? Oh my God, either that or he already had the sack in his hand and he was laughing and already squeezes, squeezes. Why do you have to put that in my head? That's how we started. I'd like to give people a positive image to start the day. I'm sure they're just so appreciative, especially the dog lovers. Well I try to please. Now they're going to put us on pause when they pick up the poop. Or they're going to start saying, hey, I'm just going to fast forward the first 30 seconds. Oh yeah. So it's Monday and interesting, it is 10pm, we're recording it right now at 10pm and it's because we've been busy, right? Yeah, you've been busy. That's correct. And it is right now, as we sit here, 90 Fahrenheit outside. Our air conditioning in our office and the studio is going all day and in our spa, our air conditioning already quit. It already quit, I know. And the highest today was 97. Really? Yeah. I thought it would have been high. Well what was that index thing? I don't know. It seemed awful hot. I don't want to even think about indexing. It was off the chart. I can just tell you one thing. On Saturday or Friday, we mentioned in our podcast that Mexican workers here, they burning out and they actually start getting more tan. Yeah. More Mexican tan. Yeah. And Guatemalan people get burned out on their faces. Yeah. And it's going downhill because the air conditioning quit on that day. And somebody like me, white Irish, is turning red like a tomato. Yeah. Yeah. I tell you what, you look like a tourist. Don't put the coconut on your screen. No, I don't want to give it away or make, you know. Don't put the coconut thing on it. I don't want that label. Although we love our tourists, I hope, you know, if you're out there and you're visiting Naples on what we guess we affectionately call off -season. But for Germans and people in South America, it's their time to vacation. They come here during this time. I tell you what, today one of the sheriffs, a friend of mine, stopped by, haven't seen him for a while. His name is Dennis. If he's listening and wants to say hi to him, it was really refreshing to see him after like six, seven months. And, you know, he just said he was watching from distance and he usually works at night. But he was promoted, so congratulations to him. Seven years in the Sheriff's Department, finally he's a surgeon. So that was really nice and refreshing to see. Well, wasn't the last time you saw him was when you had your head cuffed in the back of his seat? No. No, uh -uh. Actually, we have good relationship with the police and Sheriff's Department. They have the training facility. And the fire department, too. They have training facility next to us, so a lot of times they come and stop by for lunches and coffees. We never charge them because we made the promise and commitment from beginning, even before we opened. We said, anybody in uniform shows up, we always treat them with respect and we always make sure they understand that we appreciate what they do for us. Because working 12 hours a night, dealing what we don't even have idea while we're sleeping, having peace of mind, somebody has to just say thank you any different way. So if this is the way we can do it, we will gladly do it. And Dennis, we had a conversation in regards to a tourist, because he said he's not that busy on the road. He used to have a lot of traffic stops and a lot of things, true and legitimate crimes. People driving on the wrong side of the road. Or going too fast. Or going really blind. Just like you mentioned, you sometimes drive like that. And he said a lot of Europeans are missing. And then after he left, we had two couples in our coffee shop, Europeans. One of them from Russia and one from Italy. So I got so excited that he was wrong. He better stick to police officers instead of being a prophet. So I was thinking, he is wrong, right? We have Europeans here for vacations. And Italians live in New York and Russians live in Orlando. Not really. We're missing European tourists. And I haven't seen very many South Americans. Lots of times the Argentinians are up here during this time. So I mean, no wonder why we are kind of slower and traffic is not in existence now. Yeah, but I'll tell you, Walmart was banging when I went in there today. I mean, it's just like, I thought the whole town was in there. I've never seen such a line waiting to get to your, what do you call this? Self -checkout? Self -checkout, yeah. Well, maybe they were checking how self -checkout works. I don't know. Training. It was like both, there was two ends in this one on Davis and the two ends were connecting. Wow. That's how many people were there. I'm so happy for you that you can go to Walmart, you know, because my life is around this building and I cannot go any further than two miles. Well, you're not missing anything. It's like I'm in jail. Yeah. Yeah. So thank you for telling me what's going on in Walmart. I haven't been there for like six months. So I'm so glad. Please keep me posted in Walmart situation. You know, that's really nice. Can you buy me candy or something next time? I guess it depends on your location where people are. But to me, it seems like the community's growing. Seems to me that there's more people in the community. Maybe it's just down here in downtown and on 41 that we don't have much traffic. Yeah, maybe. Tell people in Walmart they should stop by here then, you know? Maybe I'll just walk around up and down the aisles. Go down to 4th and 5th Avenue. Just get those, you know, the police officers. Or the bullhorn. Yeah. Or the sticks, the directional sticks like a police officer says with the lights, you know, in the night. Oh yeah. And like at the airport and just kind of tell them the directions. This way. This way or that way.
12 Entrepreneurs Are About to Launch Their Podcasts!
"There friends and entrepreneurs. Here I am today with the League of Business at this amazing session talking about how to create your own podcast. So let me tell you that I have one, two, three, four, five, six, seven, eight, around 12 entrepreneurs that are about to launch their podcast and I can't wait to Let's give it a round of applause for ourselves. Thank you everyone. This is the League of Business. See you very
Darnold Throws 2 TDs, Panthers D Dominates Saints 26-7
"Sam Darnold in the Panthers are to it following a twenty six seven win over the saints the Panthers outgained Orleans three hundred eighty three to one twenty eight for the game and had twenty first downs to New Orleans six Donald was twenty six of thirty eight for three hundred five yards two touchdowns and one interception as he continues to flourish since leaving the jets Christian McCaffrey added one hundred thirty seven yards from scrimmage and scored his first TD of the season Janus Winston was held to one hundred eleven yards passing was intercepted twice and sacked four times I'm Dave Ferrie
Biden Wants Us All to Pay Our Fair Share... But What the Heck Is It?!
"Say you have a small business and you you make your successfully five six seven hundred thousand dollars a year and you're paying forty forty five percent in taxes biden says. That's not your fair share. I know this will disappoint angeline. But i make a pretty good living to i. Don't make sean hannity money. I don't make howard stern money. But i also don't make money a like a waiter waiting tables. I looked at my tax returns last night. I was curious. The last full year that i lived in new york as a fulltime new york resident city state federal taxes forty eight point five percent. I gave almost half of my income back to the government. Is that not my fair share. Since i moved to florida. It's better last year. And i remember last year. I was in florida almost the whole year. Because of the pandemic almost forty percent taxes came to thirty eight percent. Is that my fair share. How much is my fair share. How much is the fair share of a somebody who owns a farm and makes four five six eight hundred thousand dollars a year. Somebody who owns a restaurant. Somebody has an insurance agency. Somebody has a small business. Somebody who's a lawyer doctor. A pilot into whatever you do for a living. What is the fair. Share biden keeps repeating it like rainman waiting for judge. Wapner at five o'clock. Pay your fair share. Pay your fair share. But i guarantee you somebody knows what the fair share is. What is it should. I give back. Eighty percent of my income to the government. Ninety seventy five. Because frankly i think almost half of my income shows pretty fair to me.
"six seven" Discussed on The Hockey PDOcast
"He was on and suddenly he looks like the alec martinez of eight years ago and he's been phenomenal fit to the point where now it's like i'm saying like it's a total mistake if they don't find a way to bring this guy back and in these playoffs he's been key for he's he's made some offensive place he's been scoring on the power play. You wouldn't think of him as a power play guy. But he's he's got his little office over there on the right circle and just rips one timers and he's he's nailed a few of them and the other part of it is. I don't know what his injuries but he is. Battling through something that is. I believe to be significant and part of the reason. I've heard some things that aren't like solid enough to report but also what makes me believe that. He's battling through a lot is he has not touched the ice since the playoffs started except for a game he hasn't missed a game but aside from pregame warmups and the sixty minutes on of hockey. He has not touched the ice for a morning skate. An off day skate optional. Nothing he has not touched the ice. And that's not like alec martinez. He's usually out there almost time. So he's clearly battling through something and they're getting him ready for those games and the train staff is doing whatever they have to do to get him out there. But the fact that he's playing dealing with whatever he's dealing with and he's laying in front of six seven eight nine shots. A game is just tells you like. That's that's what that guy brings to this team..
"six seven" Discussed on The Viall Files
"If it makes sense that you like again if you have access to warn people that you know that. I guess you can do that but like it's i think he just needed i. I'm convinced especially like you are obsessed with the situation. And i think you need to try to remove yourself appointment. Get this guy out of your life you for the better part of you know what. Six seven years in some aspect. He's been involved in your life and you've been very involved in day-to-day and what he's doing and what he's posting and paying attention to what he's posting and pay attention to following and you need. I think you need to get out of that cycle. And it's really your time. But it. I will say it did take up my time. It's not currently in because of all this being exposed to me. It helped me to see him differently. I'm not attracted to him like that. That has changed for me. It's not about me in this show can you. it was about the situation so is so just. Is there anyone that you know for. Sure that has at risk as a result of him yes or no currently no okay so then i think you just need to let go and and move on. Yeah yeah i mean. I think that that's also the conclusion that i was coming to in my mind. There's not much more i can do. You're gonna be. I mean. I'm not in his country. This is just my experience. The story so yeah and light. Listen if if he is the dirtball that he probably you think he is. Usually these things like things will come out. You know eventually where there's smoke there's fire right and it's like you don't need to be the crimefighter to take him down. It's gonna take up too much your energy. It's a toxic situation you're involved in it and and you involve yourself. It will only lead to toxic things because toxic situation. I agree again like anymore if my energy if anymore if my information comes your way were you realize that someone is in danger or at risk and you have the means to warn them or worn someone else to win them by all means. Do the right thing and help them out. But if you don't have that information you gotta let it go. You know i agree. I agree. I think it did come to that time for being just i wanted to talk l. I didn't wanna put anything out there. You know. I wanted to hear it from your perspective because you are in this kind of industry that you're in so for me it did bring that closure the whole story of your the involved with him just by association even like the past couple of years in bringing that chapter to a close now it just would be the kind of person that he is so i feel like down the line. Oh i miss out on this great guy that i never got to me and i kind of just wanted to see if i was losing something i guess it just showed that i didn't then going forward in terms of like how do you you know. I think you run your email like how you how to avoid attracting like this Yeah well it's not about you attracting. I mean certainly is like him. You know if he is guilty of grooming part of grooming actually targeting vulnerable Innocent and naive people Again you don't sound like you were vulnerable or naive when you met him. You sounded very aware about it. That being said listen. If you're attracted to someone who's in power who's successful Then you have to be mindful of that right and you have n people who are in power sometimes can abuse their power right. He wouldn't be the first. He won't be the last right and that can come all short sorts of shapes and sizes. But you again you have to. This is about trusting yourself in knowing the situation and knowing that well listen. You're young and you met the celebrity. But now you've learned that celebrity are not right now he can still be a piece of shit he's just. The guy has not special and that's the same with anyone else in power so power or not trust their actions see observe how they treat people sri others People you know. It's it's not bad to be a charmer but like if if you are aware that someone is charming person. Then recognize that. They're good at masking some of their things and quite frankly it wasn't that good at masking it. You saw the whole time. The red flag. It was the coming on strong thing. But the reason why i said how can i stop checking. This kind of guy is successful or not. Might not the that. I met him with but the one after that had similarities. This kind of really strong and then works on you. You fall for it. Prove yeah it makes you feel special right because there's a party in your into is feeling the same way that you are about them so you believe those not only that you want to believe that this successful powerful guy is you. And he's also the great guy and so it's the it's that other part of believing mean that you're good enough to get the prize that everyone else wants and you think you put him on the pedestal. Right you in. So that's great. We all want to respect and love the people we with you wanna we wanna be like. Oh my god to. Everyone wants them but they won't agree. Of course like that's your own ego so you have to you know start having conversations with yourself. Witter's your ego. Put you at risk of of of your ego being so much in control. That is silencing your gut and what you know to be right like your eagle. The whole time was winning every time. You're like i don't know like he's probably your eagles shut up. He wants you and everyone else could and he could have anyone he wants but he wants you. He's in this moment he's choosing you so shut up enjoy it. So i'm like okay. If he wants to come and see me great. I'm gonna wait for like fine. But i did. Trust got like. I didn't sleep with this guy but there were. You still invested a lot of time and energy and that finding and sleep with him and you can feel good about that but you did invest in him and you gave him a lot of yourself right and you want to avoid do this in the future so you just need to be mindful of that and pay attention to that and hold yourself accountable and and take your power back in the sense that like. It's good to say. I knew better and i chose not to do the thing that i knew better next time i'm going to do that. Don't don't put him on a pedestal. But like while he was so powerful and so charming. I fell for it. You you you. You chose to fall for it. You were very self aware that during this whole thing and so give yourself credit you deserve and know that you made these decisions and you allow your ego to get what it wanted versus. What you don was the the thing. That was probably best for you. Yeah yeah yeah. You're right want to avoid that. I can see the signs now it just. It is a learning experience for me. But i'm just hoping that i saw this that i thought he was but more careful next time. I really think you need to try to go. You haven't let this situation go so on. Follow him whatever notes you these numbers. Yeah draw drop. Drop it drop a situation. Don't google don't pay attention the story and let it work itself out. It's not a problem anymore and any involvement you have. Is this toxic energy that you're investing in this situation and you might not love with him but you're still giving yourself to him by paying attention to the story line. Just don't fall for your own bullshit. You know right. yeah i know vessel. Thanks a lot you tara.
"six seven" Discussed on Occupied
"That's one that's been one of the challenges of we've discovered pandemic talking over the phone who the young men Trying to keep them under phone. China explore different things. Some of them. I don't wanna talk on the phone. Some of them a bit karnal because the phone calls are recorded. All these things in it. Just it makes the relationship really defensive burial as a massive barrier. But that's the only way that we can maintain any soft relationship because i know of over prison since don't have the kind of communication lines says some people literally haven't seen the people do the work with for like six seven months. Yeah how do you do that. How do you go back Well it's okay because you eventually gonna see them again but by just you know put silva at a dent in the relationship. The pay's really difficult when you can't see someone the or you know. Talk to them in the normal section you know. I know people doing tell you zine accused stain at at least you could see ya doing. Yes some of the box when you're talking on the phone or you know even if through like communication on letter writing lettuce because we like a pen pal right. Let's see you do. Yeah that's that's a little bit more even more tricky. So e behavior change and patterns and behavior you really have to pay attention to to that both verbally and non verbal communication as we say the ability to to read the room like you said this is very very important to see how dispersed response. Different questions that you might put them. And i think like the way you actually brought it up with that guy in your example was is a really good way to do it. I mean that's generally. How i i tend to do it as well if i am noticing. Something.
"six seven" Discussed on The White Book
"I think the fact that it's not free with the lease here care at four. Maybe balances it but like is it worth like his the same and this is like fundamentally is something. I've really come around to about card games but in particular i've been Because of this podcast and also talking with some friends who were considering getting back into a second edition talking about. I think about threatens. Like thrones have massive repetition problem and so the question is is it worth is the capability of this card like worth having the same character in three attacking challenges every term is it were like is what this car does like worth it like. Is it ever doing something that you're gonna scream like. Oh man this is really fun because like you're only ever gonna want to attach this to cards that either. Neil your opponent's cards gain you a lot of power or do something really over the top. But it's not that you get to do it watts. Or it could be cancelled like seal of the hand. Write a tree cancelled your punchy. The it cancels your opponent's queen scarred right like this is on cancelable unless you blank the attachment or pop the patron off the character and frequently like there's not a huge amount of challenge phase interaction for that right I mean is it worth it like. Is this card ever worth what it does. Is the fun to broken category. Ever really there. That is a good good question And now the now that you have me thinking about it going down this road. I'm thinking back to the core set days when we When we spent a lot of time talking about action advantage probably even up through the first cycle And how particular discussion. That jumps out at me is Our kind of rating of some of the six seven coasters and the clear standouts turning out to be those that generated action advantage for. You had a pretty big way. And.
"six seven" Discussed on The Non-Prophets
"Many different intersex analogies that stems from you know If a person is trans and identifies that american and they're women are women and various other things and so you know we are going to provide some beliefs that are based out of uk and also the us of support organizations and charities that you can of course. Lend your support Too but you know. Let's be positive and discusses all the good that comes with recognizing this day. I know what the history of it's only been around just a short decade or naughty. Been that with six seven years and given with the pandemic how we're able to connect and Games support for this I know a lot of what they're doing as far as the conference Going on today had to be virtual But i think it's very important that we try to speak the names of those that we have lost in the chance community and speak the names of those that are present with us. That are striving for more progressiveness Not just in america but across our country or excuse me across our world i. This holiday is a struggle for me because translate visibility is meant to be a more positive holiday. I in contrast. You are transient remembrance. Where we we really do. Focus on a little more deeply on the lives of those that we have lost due to violence in the trans community But you know to be visible transfers than in a patriarchal society that we have is already a radical act. And it's it's hard to the i. I am very privileged that i assimilate enough into general society. The i am able to be visibly trans out there. Talking about my translate. I would love to not have to talk about my translates into you. Just live a normal life but that is not the world we live in. Unfortunately and i am also unfortunately argumentative enough person. The i've taken up the mantle of ringing these bells all the time you know and it's something that i am.
"six seven" Discussed on Sex with Dr. Jess
"Play type of thing where someone gets to be a cow when we get to role play others and milk machines and all those different types of ives. So if somebody wants to explore this or bring it up with a partner. I can imagine that it can feel very intimidating. Just because we live in this super erotic phobic world in which there is so much judgment against reasons and other things. And i'm glad that i'm serving my judgment only for reasons. I'm not gonna judge anybody says i actually you're going to get a lot of like raisin fetishes like coming to your definitely someone that's for sure i mean all the different explanations or sources of these lactation fetishes makes so much sense to me like that appeal of being cared for that is a natural desire but people get their backup when they're as you said when we're fetish rising something that isn't traditionally seen as roddick. So how do you bring this up with a partner. I think that's so true. I think there's a lot of judgement. There's a lot of like your deviant. You're messed up like dirty like why do you want this And really i think if someone brings us if my partner said to me. Hey i'm interested in the lactation fetish. I might say. Oh like tell me more and let me understand like let me get curious about this with no obligation. I haven't said like yes. Let's do this and for the person who's talking about their fantasy. I think it's so interesting when someone talks about how they wanna feel in their fantasy so much more relatable to me than all the things that you want to do because we've just talked about like six seven different ways that you can experience lactation fantasy so if i immediately think oh this is about them wanting to turn me into a cow cow role play..
"six seven" Discussed on Podcaster Stories
"Client who i've only had a couple of months. And he. He mentioned it and said oh i read your your email and how you feel about this and stuff and it was literally. That was on my god. I've got client. Who who knows this but people from a client perspective. I not aware put it this way. I'm not aware of a single person who has ever stopped working with me or not wanted to work with me because of it. I could be wrong but i don't think that's the case If anything people appreciate the fact that you are a bit vulnerable and a bit open and honest and especially now because let's face everyone at around. The world is at a shit time the last year and just being a bit vulnerable and open and honest and candid about this stuff. I don't think he's a bad thing personally. Yard seen more people talk about people that are imagined. That might be surprised. Because i think we're social. Everybody tends to look other people's lives. I think all that's perfect. John's doing nest polls tunis Jenny to nesic cetera. And we don't get to see that so it's it's good to see that that people are opening up about for sure. Yeah absolutely absolutely i. I think that the combs industry is going to think about alec. Pr in particular can be a very mind industry do you think does maybe more issues around mental health and berno especially And and the pr industry and if so what can be done. What what have you seen that that you think can be done. Yeah i mean i i. This is personal opinion. I don't have any anything specific to back this up. But i have long believed that industry itself is with with mental health problems and like i said i started talking about it a six seven years ago in the time in the last six seven years more and more and more people have talked about it more studies amid dumb..
"six seven" Discussed on The Roots of Leadership Podcast
"Is you lend some great ten abilities know. But i'll possible really accurate somebody else but when you leave someone you know yeah. People are interested in people work hard or self disciplined and always do what was said they're gonna do and that kind of i've been doing for twenty years really so it was easier transition from the real world's most athletes i feel. There's there's five things jamie you said that. I wanted to just kind of just go back over for the listeners. Because there's such power in all of them find the edge out work others be self-disciplined work hard to stay there and then i thought what deliberated which is really important is the tough decisions that create you know that. Really put you out there Further on the edge you know as you as you think about their such such commonality between the preparation of sport and and life itself business or any any chosen profession that people take it seems also. I'm sure you've came up with your life. There are people who when you start to excel or or try to work harder out work others or it also puts pressure on others in. Sometimes they don't like it do they. How do you handle those people around you that One a slow you down or or say you know you don't you don't have to keep pushing so hard because you had to have run into that. Yeah you you do teams ball on the idea raise. Got them on the journey. Where you you've got. Come you know. Cobb outcome is we'll get to a grand final were really tied onto the stakes. Defendant being defense all depending on line for five six seven minutes but because these were now of easy and again when the grand final and got to give them that kind of optimism realizing the research of gold he's going to be a positive outcome but in life you know and to me you can take the wall but you got keeping.
"six seven" Discussed on ITN Live
"Just take care of ourselves from a wellbeing side back pains foot pain chest pain things. That really shouldn't be something that's commonplace. And i think. What would what i keep harping on for again for the audience is watching right. Now if you're in that particular state if you are having issues if you feel something that doesn't feel right you know your body better than anybody else won't Go have taken a look at yet even right now. When everyone's gotta wear masks and everybody's gotta be six seven feet apart. That is no excuse for not going in having whatever ails you. Correct it or investigated. Check it out. Don't don't walk around hurt all day. That is just not a good look. So i'm glad we're on so this was the implant. I'm glad for an. I are kind of meeting in the middle right in terms of our messages. And we've got some comments that are that are also ringing true to to this message. Let me let me let me elaborate on that. Because i do know that Last year you know the put a lot of fear of folks going to the hospital in what happened was because A lot of you know community members didn't go to the hospital. They had critical problems. We've had we. We not only had folks pass away from covid. There was it was a across the board of heart disease or things factor because of diabetes. And it's because they were afraid to go to the doctor. Now let me say the greatest thing is if you're not going to go into the office thus fine because we'll eventually get you into the because what happens when you have a telehealth call you can get on the phone with your doctor and saying you know what unreal in filling. Good now would they'll do is they'll ask you a series of questions based on that. It's either okay. You know what by by what you're telling me you should go to the emergency. And if they're going..
"six seven" Discussed on The Words on Fire Podcast
"That was brilliant. I was fucking shit. And then just steve stint in like the the planning in the. That's that's crazy for a whole blown. Cia fbi. i used to think the james bond shit i would be like. What if that was true. Ship was behind the times compared winning. Then i can only imagine what the fuck they have now. It's all drones. They're saying shit but they were talking about little drones that are like horse. Flies like Dragonflies or that's all he capability crazy and then they were talking about a bully. You can shoot a bullet and it takes like photos of everywhere you sitting at man. What the fuck basically. They know everything. The everybody knows everything but people do that. Nowadays like look the put their every move on facebook anyways right and they're saying to your telling on yourself so it don't matter and they're saying that it's amazing nowadays. Everybody was You know back in the days was saying all this spycraft all this shit People would go out of their way to make sure that they don't have anything like that so they get spine on. But nowadays everybody has a cell phone and google so go in there and just fucking turn on your camera without you know in our volume and listening to you and spy on you anyway. Yes so it's it's pretty late in the game. If you're if you're trying to hide something it's it's too late. It's already know what you look. I think we talked about this before with. What's at the the one the other documentary where it was talking The yeah i know what you're about the facebook guys all algorithms and all that all right now but one thing is that the The women that they sent after you were sex. Piaget sex piaget. that's awesome. That's was that there's another one that are they didn't talk about. That happened months ago with that Was it a senator. That was fucking banging the Chinese spy yeah yeah right. He's begging for the last fucking six seven years and somehow they finally found other. She's a spy. I look at the mother fucker soccer. She wants me my money or my secrets. Yeah it is fucking wild because like sex..
"six seven" Discussed on The Peter Schiff Show Podcast
"We're just gonna make sure that our balance sheet is big enough to satisfy whatever demand there is for our liabilities so he's basically giving the us government a blank check to say look borrow whatever you want. Spend whatever you want because the balance sheet is going to accommodate you. We are going to print as much money as we have to so that we can satisfy your demands for dollars. Now you would not make a statement like that if you are not considering the ability of the government to service its debts when you are conducting your policy. If you're saying we're just gonna give the us government all the dollars. It wants because if inflation is really higher than the fed wants and now the fed needs to shrink it's balance sheet or raise interest rates to fight inflation. It will not be supplying the government with all the money at once right. It will be denying the government access to the feds liabilities. So but it's not going to do that. You can't on the one hand say that you're gonna print all the dollars at the. Us government wants to spend and then say you're not considering the impact of your interest rate movements on the federal budget. Of course they are because he just basically said we're gonna be a blank check for the federal government and in fact when talking about the budget and the debt pal did say that the debt was stable. He admits that it's unsustainable. Now he said it's sustainable now because interest rates are so low but he knows in the long run it's unsustainable because a interest rates can't stay this low forever but be even if they say this low at some point the debt is so high that even with a really low rate of interest it's unsustainable but again to creditors bach. They realized that the debt is unpayable. They should have already realized that. So we're literally living on borrowed time. But even after powell without his way to remind people during the a that we're on an unsustainable trajectory he's specifically said but this is not the time to do anything about it. He says that you know now. We have to ignore the deficit. Even though it's already too big and unsustainable and potentially a huge problem the government should not worry about it at all and just rounded up even more keep on running big deficits keep on spending. Don't worry now. He would not say that if he was not going to consider the effects of raising interest rates on the federal budget because if he's now encouraging the government to borrow recklessly and do nothing about a problem that he himself has acknowledged is unsustainable. Why is he going to bring that problem to a crisis by raising interest rates because here he is telling everybody don't worry about the deficit. Keep on borrowing and now is he gonna pull the rug out from under the government by jacking up interest rates all of a sudden. Let's say inflation explode this year and it goes up to five six seven percent..
"six seven" Discussed on The Supporting Cast
"I would be doing civil rights law or something meaningful that way so it didn't seem like a waste of time for me to go to law school and i did love the study. The practice of law is nearly as romantic for beginning lawyers. And i could see it. I could see it. When i was a young attorney. I was like an intern paid intern working at the law firms. And i expected my own work to be grunt work long hours in the library. No appreciation. that didn't bother me at all. That that i knew came with the territory but what made me nervous is that i look ahead. Five six seven years down the road and see that. The associates were living of grueling. Lives as well. And so. I thought you know what if i get my foot caught in the door and start making real money and then commit to a lease car payment and everything else i'll get stuck and while i'm a poor student i can hang. I can hack it. And i better find something that i'm passionate about. Not because i think that you're entitled necessarily to find you love and you're immediately going to be showered with riches what you love because you'll just work harder and not notice whether or not you're showered with riches and then you'll get good at it because you love it and you'll develop expertise and once you develop some expertise. Then you can negotiate better terms for yourself and that advice came to me. I went back to a professor at at penn. Because i did have to take some more classes for that part of my major acquired it and he said to me. Write down a list after law school of things that you love. I was like professor dorfman. I don't need to. I love to read and i love to write. Who is but. I'm not a writer who's going to pay me to do that. And it turned that. I ended up applying to agency literary agency because i figured if i worked with writers the way i knew i was able to in an expository way and i sort of convinced my employers that somehow legal background would enable me to be a better representative for creative people than i could get a job and to be honest. I didn't know one thing about the practice of law. But i had i had a little bit of a spiel. Which is that. I have an affinity for creative people personally. And i have some practical skills negotiating and drawing up contracts So you where it got me. It got me into the mail room. At which agency at an agency that was since bought by william mars it was called triad artists and should mention..
"six seven" Discussed on Cam Girl Diaries Podcast
"Sookie sookie peeps. Gary gob ghoul. And this cam girl diaries. Today's episode features goth eaten. But this is a great interview especially for new cam girls. She shares over experiences. And you know. And she's pretty new She started what six seven eight months ago. I mean cam girl world. That's not very new. You know she's a vet but all right that's enough of my bullshit. Enjoy the video. Make sure you subscribe like and fucking share it with your friends. And if you're a cam girl share it with your.