40 Burst results for "Sooners"
A highlight from Episode 67: Maternity Housing, the good, the bad, and the beautiful An Interview with Faith Cintron
"Hey welcome back to Let's Talk About It with Jackie and Megan. We like to talk about things that are messy, awkward, hard, or controversial and create a space for healing. Well hey everyone welcome back to Let's Talk About It. Today we are joined by Faith. We are so excited to have her on. She was one of our favorite co -workers back at our job where Jackie and I actually met. It's been a long time coming. But we are going to talk to Faith today about running a maternity home, sort of the good, the bad, and the beautiful. So before we start, Faith could you just tell our audience a little bit about who you are, what you do, fun fact about you. Yeah yeah and and I asked for apologies ahead of time. I'm working tonight and I just had a mommy baby pop in for a second so there might be crying babies. There might be some interruptions. So I am Faith Centron. I've been doing maternity housing ministry for 12 years now. Seven of those have been with the organization I'm currently with. I don't know if we're name dropping or not. And yeah I love it. Fun fact. I don't have any fun facts. Yeah yeah I kind of exist on a plane of insanity so like every day of my life is just hilariously funny. I mean you just taught someone how to make meatloaf. That's like pretty fun. I just taught. We have two residents from Colombia and they have only been in the country for a very short time and so when we were menu planning this week I said let's try American food and I taught her how to make meatloaf and they actually liked it. I think because ketchup. I have learned that Colombian ketchup on everything and that was what won them over. Nice. Can't blame them. A fun fact is that Faith and I both went to the same university. We did. Before I did. Yeah before you did. I don't know how much sooner before I did. I don't know how much older you are. I think a lot, Jackie. I think a lot. Fairly at all. Like a year. Yeah we just missed each other. We totally should have besties on campus. Totally. Well awesome. Wow. 12 years in maternity home work. That is pretty incredible. Did you do anything to celebrate like 12 years or 10 years or anything? I didn't and it like and the anniversary like just passed. No I didn't do anything. So it's still time to celebrate. Right well you know I am where I'm actually taking a week -long vacation starting next week. So I guess that will be my celebration. Yes well deserved. So you've been doing this line of work for a long time and what motivated you to become involved in maternity housing and did you ever think that this would be your career for 12 years? Yeah I you know it kind of happened by accident as all good things do. You know I grew up in a in a very large, very Catholic, very pro -life family and I was actually thinking about this the other evening. You know my my grandparents probably sometime like the early 90s they met this homeless pregnant woman outside of their church and they brought her home and they and she lived with them until their baby until her baby was probably a year old and it was just like I think my grandparents did it wasn't a big deal but like it came to mind I was unloading the dishwasher and I was like huh they kind of set this groundwork and they were very very active in their you know in their in their pro the pro -life organization at their church.
Fresh update on "sooners" discussed on WTOP 24 Hour News
"Your car. Could it cost you even more sooner? Oil prices are close to $100 a barrel between the Saudi's cutting production and extreme weather shutting down local refineries. There's a lot of concern this fall. Tom Closo with the Oil Price Information Service joined WTOP Sean and Ann to say don't worry. I have good news. The fact that we're going to get $100 a barrel doesn't muddle the fact that we've already been at get the lean prices that equate to $130 to $150 a barrel and right now it's catch much up with you soon. Pretty much across the country but particularly in east of the rocky states. Okay, but every time the price of oil gets to that triple digit level and people start getting nervous and we remember what was 120 bucks a barrel back in May of last year. So give us a little perspective here. Could the Saudis keep the pressure on us but the gas prices hold steady? Is that what you're saying? Yeah, I'm saying gasoline has been fetching a premium that's been too high versus crude oil and that was justified during during the driving season but now that we're out of the driving season you're going to see prices slip back and the instead fetching of of price 30 or 40 or 50 dollars above the price of crude. It's going to be maybe 15 or 20 dollars. So that means lower prices pretty much in all corners of the country. The exception California, Nevada and Arizona they have a little bit longer period where they have to use use summer specification gas but the rest of the country wholesale prices are dropping like a a rock right now. What you have to worry about are diesel fuel and jet fuel price hikes. Those are they're going to go higher but gasoline is going to get better. That's what I wanted to ask you Tom how soon
A highlight from THE INSTITUTIONS ARE COMING FOR YOUR BITCOIN
"There are forces currently at play that are looking to take every last single sat that you have ever hoped to dream to hang on to. Because Bitcoin is the scarcest, best asset that humanity has ever seen. And the powers that have trillions of dollars will entice you in whatever way they can to get that from you. You need to understand this because it is happening sooner than you think. My hope is that by the end of this video you understand scarcity a little bit better than you did before you started it. My true hope is that you will understand that fiat is garbage. It is comparable to sand. It is absolute trash compared to what Bitcoin is. Let me try and break this down in as simple a way as possible. Fiat can be printed ad nauseam. The powers that be can make as much of it as they want. There is no limit. There is no cap. There is nothing, no force at all that will stop them from printing as much as they want. And I don't mean actually printing. You might come and say, well, there's a certain number of trees there, Mr. Haddlesapian. Here's a challenge for you. Open up any sort of text document thing, word pages, notepad, whatever, and then press and hold nine and just sit there for the next 10 years holding nine. And they could make way more than that if they wanted to. They can make any arbitrary massive number that they want to. You've probably seen the pictures of the children in the streets of Weimar, Germany with stacks of paper currency, and that couldn't even buy them a loaf of bread. Fiat can be inflated, can be debased with no limit. There is no limit on that. And the individuals that are in control of the money spigot will print until the cows come home. They'll print as much as they possibly want. There is no stopping them. Here's another example. If you were interested in getting into an automotive stock, for example, Tesla or Ford, you might also look at rubber producers. Then you might even go a level beyond that. You might start looking at the transportation industries that move these various parts from one part of the world to the next, because Ford and Tesla are getting parts from all over the globe. So you might look at how those get around, and there's really no into this. And you can see BlackRock doing this already in many sectors. They have their finger in pretty much every pie that they possibly can, because some of those pies are going to really pop off. They're going to do really well, and they're going to make up for the losses that the other pies incur. But why get into energy or mining stocks or transportation or wires or conductors or any of these things if you can own the underlying asset yourself? Well, what you have access to is the exact same thing that the big boys have access to. They don't get any preferential treatment, and you might go, well, what about paper Bitcoin? What about all the rehypothecation, and what about the inflated... That's the thing. None of that matters. It does not matter, because you can take self -custody. And taking self -custody of your Bitcoin might be one of the, if not the most important things that you can do. And please, if you don't know how to take self -custody, reach out to the Bitcoin way and ask them. Schedule a free 30 -minute consultation call and get that handled. It might be the single most important thing that you can do in the Bitcoin space. The reason taking self -custody is so important is because once you have it, there is no rehypothecation that can happen. There is no flimflammery that can happen. There is no, oh, well, we thought we gave it. Didn't you already get it? Oh, well, we thought, oh, and then it went, oh, well, I guess you don't actually have anything. Oh, whoopsie daisy. We sold it to BlackRock and we don't have any left for you. That can't possibly happen. If you safely secure your seed words on something like the stamp seed and you have a foundation passport hardware wallet, there are many other options, but those are some of the good ones out there. If you do that, the only possible way that somebody could come and get that from you is if somebody offered you an enticing enough offer, they could say, hey, how about a million dollars? And you could say, no. And they go, how about a billion dollars? And you go, no. And you might think, oh, well, I would absolutely accept a billion dollars for this. Would you? Would you really? I certainly hope not, because in a world where billions of dollars are being thrown around to try and buy Bitcoin from people, then that means almost certainly that things have hyperinflated to astronomically absurd levels. Homes are costing trillions of dollars. A hamburger is costing hundreds of thousands of dollars. Your rent is higher numbers than you even want to think about. But that doesn't matter if you have the scarcest asset that has ever existed and you have it in your own custody. That is why I said some time ago, do not sell your Bitcoin to BlackRock. Do not sell your Bitcoin to anybody. Buy it and hold it and keep it and do not get rid of it for any reason. Period. It's really that simple. It's really actually that simple. I'm going to paint a very plausible picture for you here real quick. David Deutsch is a physicist and he wrote a book called The Beginning of Infinity. And in that book, he makes the claim, and it is a perfectly reasonable claim, that the only thing stopping us from doing literally anything that we want, it's the laws of physics and a lack of knowledge. If what you want to do does not break the laws of physics, then the only thing stopping you from doing it is a lack of knowledge. What this means is that at some point in the distant future, it is very possible, completely possible, that you could have something the size of this chapstick, send it out into space, into the depths of space where there is almost nothing, the absolute vacuum of space, it could start drawing in particles and build entire solar systems from that. That is possible. There is nothing in the laws of physics that says that can't happen. The only thing that is stopping that from happening is a lack of knowledge. The reason I'm saying that is because what do you think people will be using as money when we reach that state of advancement? Do you think that we'll be sending our chapstick sized Galaxy makers out there because we've got so much fiat in the system and everybody printed a bug disciplined billion dollars and blah, blah, blah, no, they'll be using Bitcoin because it is the scarcest, best money that has ever existed. So I end on this question. Do you want a piece of the monetary system that will allow you to buy entire solar systems or do you want Chuck E.
Fresh update on "sooners" discussed on WTOP 24 Hour News
"I'm fine enough just as I am. The Dave Thomas Foundation for Adoption is changing the lives of teenagers at risk of aging out of foster care. Like Daisy, every child deserves a permanent loving home. You can help. Learn more at DaveThomasFoundation .org. This is WTOP News. It's 1 3 3 5. I'm Stephanie Gaines Bryant. Thanks for being with us. You've probably noticed it's getting even more expensive to gas up your car. Could it cost you even more sooner? Oil prices are close to $100 a barrel between the
A highlight from 1263. Gensler Rejects Courts | Hints At Revoking Bitcoin Futures
"Today, we have the SEC going directly against the U .S. court system, and I think it's going to be a good one for you guys. We'll break this down for you. There's a lot happening with Garrett Gensler, how they are strategizing against potentially some of the rulings already by the U .S. courts. You don't want to miss it. My name is Paul Baron. Welcome back into Tech Path. All right, let's get into it today. Before we start, I want to thank our sponsor, and that is Tangem. If you guys are looking at a secure way to do your own self -custody, one of the things you can do is get into these card wallets. Now, a card wallet is like a physical wallet. It in itself works in tandem with your software on the phone, and it does a great job in terms of your overall security and protecting your digital assets. If you like self -custody, this is one of the tools you can use. Just go over, go to tangem .com, click Get Tangem. You've got a couple of options here. They've got a brand new wallet coming out that will give you optional seed phrase capability, all of that happening in October. So jump in, use our discount code. It's going to give you some additional discounts. Make sure and get the three -pack, too, because it's a better deal. So use the discount code, click the link down below, and start your journey on self -custody. Let's get into the first thing. I want to go to the clip that explains Gensler's strategy here about the current status of our courts and their decisions so far and what he might do with that. Listen in. When you take collectively recent court decisions we have seen, how have they made you, Gary Gensler, think differently about regulating this space? I'll tell you. I think the same thing. It's about ensuring for compliance and protecting the investing public. And this is a field, it kind of reminds me a bit of the 1920s, where a lot of people were getting hurt. The securities laws apply to crypto security tokens, and there's nothing incompatible with those tokens, with the securities laws, and we've just seen so many people hurt and lost their money, and there's so many hucksters and fraudsters in this field. All right, so most of this has been, as you guys know, if you've followed our channel for very long, you understand where the problems had lied. Most of it is because of the lack of clarity, the lack of real legislative direction, and I think that's been the case. Gensler's position has pretty much been unchanged. He truly believes that all tokens are essentially securities and that they are the savior against protecting individuals' rights and hopefully their finances. The only problem is that we see just as much fraud and problems within the traditional finance markets as we do in any other markets that are speculative. So I think this is still Gensler's missed shot of really understanding what the future of innovation really means for crypto and blockchain. Let's go to another clip here. This is where maybe could the courts convince him because the rulings have been coming out pretty sequential here in and against, in favor of the blockchain industry and against the SEC. Listen to what he had to say. And so nothing any court would say would change your mind on that? I wish something a court could say which would actually bring the compliance sooner. Having said that, there are a lot of folks in this field that are trying to say, well, those don't apply to us. And I suspect you've interviewed one or two of them, too. You'd be right about that. First thing I want to say here is Gensler's selection of words. His pauses are getting further and further apart. Why is that? I mean, he seems to be so intrepid in the past. And now all of a sudden he's taken this role of just a very, very strategic way of answering questions. And I think it's an interesting concept, especially because of the fact that he's had what handed to him over the past few months in terms of court rulings by judges who are essentially following the law. And this is where I think it starts to rub with a lot of people about Gensler's kind of frivolous attempt at, hey, I don't really care what the courts have to say. They just need to give us the ability to litigate and execute our plan over the SEC or over these financial markets, including the crypto markets in general. Stuart Alderadi kind of jumped in on this on Twitter. Stuart Alderadi obviously coming in from the Ripple case, fresh off a fairly good win. But what's most concerning to me, let me zoom in on that, and should be to you in the full video clip, is shocking admission of an unelected bureaucrat that he won't respect the decisions of the court. This is the problem that the overreach of the SEC continues to dive into. But more important, I think it's more importantly around Gensler himself. Because there's enough dissent in the SEC, especially in most of these rulings here recently, that it does pose a very interesting position right now. Here's John Deaton coming in with it. Just watch the reaction of the question posed. Any court includes the Supreme Court, the Supreme Court of Law of the Land. These people are so inherently arrogant that they think they are above the law. Let me introduce you, everyone, to the real -life example of a megalomaniac right there. And I would agree. I think this interview alone started to really showcase how Gensler thinks about these things. And he's strategically lining up. I'm wondering if there is something big that Gensler - because remember, if you watched one of our other clips when we did the government shutdown video, part of that was in a clip here and there was a lot of nervousness around these government shutdowns. I don't know. Is there something brewing down there with the SEC? I want to go to this next clip because this is where Gensler is going directly against a decision that's already been made around ETFs, listening to what he had to say. I'm not going to ask you to comment specifically on what's next in the Grayscale case, but in part of that ruling it was about the distinction between futures and spot and it not being clear that really fundamentally they were differently in terms of the fraud and manipulation you often talk about. My question to you is, is there a world given those concerns you have about fraud and manipulation that the SEC could actually revoke approval of a Bitcoin futures ETF? We take into consideration any time a court rules and we consider it and think it through and deal with filings that are in front of us. And we have a number of open filings in the Bitcoin exchange traded product space. For spot products, sure, but could you rule out revoking the futures product? Again, I'm just not going to speak to the filings and you are absolutely right. There are a number of Bitcoin futures exchange traded funds and they've been live since about two years. All right. So there was some body language in there in that interview. Part of this was the smirk that Gensler has on his face when that question was asked. This concerns me because it does and has the ability to impact the markets in pretty much a catastrophic way. Traditional traders would see this as a very bad move by the SEC because this could put a lot of futures ETFs at risk. And I think for just him to even entertain that, as opposed to an unequivocal no, we would not do that, we've already put markets in motion, is very telling about the strategy and his grab of power that the SEC has continued to go after. So it's a very interesting situation right now brewing within the SEC. There is something up, there is something up with Gensler and his strategy in terms of these market conditions. I want to go to another clip here on Custodia Bank because this kind of starts to play into this because there are some other scenarios playing out with Custodia Bank and the Fed. I'll explain this in a couple of clips so you guys can catch up. You probably are not completely aware of it. Let me go to this first clip that kind of gives you an overview on Custodia.
Fresh update on "sooners" discussed on Bloomberg Daybreak Asia
"Think the committee has done that here. One of the interesting questions is about the forecast. John was talking about it. You've got the fed saying their growth forecast has doubled. Their unemployment forecast has been cut significantly and yet they're also predicting that PCE core inflation is to going go down. How does that work? Well, I think you will get disinflation with you know, that's the base case. The question is how fast will that disinflation occur if if it's a very slow disinflation, you're going to want to keep a policy rate higher in order to put more pressure on so you get back to 2 % sooner. There's a little bit of probability that inflation would just stall out completely at the current levels which would be unacceptable. Core inflation has a handle depending on how you measure it you know in the four range is still double or more than double of the Fed's target so you've got a long ways to go here. Hear the full conversation on the latest edition of the Bloomberg surveillance podcast subscribe on Apple Spotify and anywhere else you get your podcasts plus listen anytime on the Bloomberg business app and markets headlines and breaking news 24 hours a day at bloomberg com on Bloomberg television and the Bloomberg Business Act this is a Bloomberg Business it's 955 on Wall Street I've got prisoner in New York we check markets for you throughout the day here on Bloomberg let's begin in Hong Kong a lot of weakness in real estate stocks the entire is down about 2 % right now shares in China Evergrande off more than 19 % this is after the distressed property developer canceled
A highlight from IDL82 Part 3 Chapter 38 Introduction to the Devout Life by St. Francis de Sales Discerning Hearts Podcast
"Discerning Hearts provides content dedicated to those on the spiritual journey. To continue production of these podcasts, prayers, and more, go to discerninghearts .com and click the donate link found there, or inside the free Discerning Hearts app to make your donation. Thanks and God bless. Part Three, Chapter 38 of the Introduction to the Devout Life by St. Francis de Sales. This is a Discerning Hearts recording read by Corey Webb. Chapter 38, Councils to Married People. Marriage is a great sacrament both in Jesus Christ and His Church, and one to be honored to all, by all, and in all. To all, for even those who do not enter upon it, should honor it in all humility. By all, for it is wholly alike to poor as to rich. In all, for its origin, its end, its form and matter are wholly. It's the nursery of Christianity, whence the earth is peopled with faithful, till the number of the elect in heaven be perfected, so that respect for the marriage tie is exceedingly important to the commonwealth, of which it is the source and supply. Would to God that His dear Son were bidden to all weddings as to that of Cana? Truly, then the wine of consolation and blessing would never be lacking. For if these are often so wanting, it is because too frequently now men summon Adonis instead of our Lord, and Venus rather than our Lady. He who desires that the young of his flock should be like Jacob's, fair and ring -streaked, must set fair objects before their eyes, and he who would find a blessing in his marriage must ponder the holiness and dignity of this sacrament, instead of, which too often weddings become a season of mere feasting and disorder. Above all, I would exhort all married people to seek that mutual love so commended to them by the Holy Spirit in the Bible. It is little to bid you love one another with the mutual love. Turtle doves do that, or with human love. The heathen cherished such love as that. But I say to you in the apostles' words, Husbands, love your wives even as Christ also loved the church. Wives, submit yourselves to your husbands as unto the Lord. It was God who brought Eve to our first father Adam, and gave her to him to wife. And even so, my friends, it is God's invisible hand which binds you in the sacred bonds of marriage. It is He who gives you one to the other, therefore cherish one another with a holy, sacred, heavenly love. The first effect of this love is the indissoluble union of your hearts. If you glue together two pieces of deal, provided that the glue be strong, their union will be so close that the stick will break more easily in any other part than where it is joined. Now God unites husband and wife so closely in himself that it should be easier to sunder soul from body than husband from wife. Nor is this union to be considered as mainly of the body, but yet more a union of the heart, its affections and love. The second effect of this love should be inviolable fidelity to one another. In olden times, finger rings weren't want to be graven as seals. We read of it in holy scriptures, and this explains the meaning of the marriage ceremony, when the church, by the hand of their priest, blesses a ring and gives it first to the man in token that she sets a seal on his heart by this sacrament, so that no thought of any other woman may even enter therein so long as she who now is given to him shall live. Then the bridegroom places the ring on the bride's hand, so that she in turn may know that she must never conceive any affection in her heart for any other man so long as he shall live, who is now given to her by our Lord himself. The third end of marriage is the birth and bringing up of children, and herein, O you married people, are you greatly honored in that God willing to multiply souls to bless and praise him to all eternity? He associates you with himself in this his work, by the production of bodies into which, like dew from heaven, he infuses the souls he creates as well as the bodies into which they enter. Therefore husbands, do you preserve a tender constant hearty love for your wives? It was that the wife might be loved heartily and tenderly that woman was taken from the side nearest Adam's heart. No failings or infirmities, bodily or mental, in your wife should ever excite any kind of dislike in you, but rather a loving, tender compassion, and that because God has made her dependent on you and bound to defer to and obey you, that while she is meant to be your helpmate, you are her superior and her head. And on your part, wives, do you love the husbands God has given you tenderly, heartily, but with a reverential confiding love? For God has made the man to have the predominance and to be the stronger, and he of his flesh, taking her from out of the ribs of the man, to show that she must be subject to his guidance. All holy Scripture enjoins this subjection, which nevertheless is not grievous, and the same holy Scripture, while it bids you accept it lovingly, bids your husbands to use his superiority with great tenderness, loving -kindness and gentleness. Husbands dwell with your wives according to knowledge, giving honor unto the wife as unto the weaker vessel. But while you seek diligently to foster this mutual love, give good heed that it do not turn to any manner of jealousy. Just as the worm is often hatched in the sweetest and ripest apple, so too often jealousy springs up in the most warm and loving hearts, defiling and ruining them, and if it is allowed to take root, it will produce dissension, quarrels and separation. Of a truth, jealousy never arises where love is built up on true virtue, and therefore it is a sure sign of an earthly sensual love, in which mistrust and inconstancy is soon infused. It is a sorry kind of friendship which seeks to strengthen itself by jealousy, for though jealousy may be a sign of strong hot friendship, it is certainly no sign of a good pure perfect attachment, and that because perfect love implies absolute trust in the person loved, whereas jealousy implies uncertainty. If you, husbands, would have your wives faithful, be it yours to set them the example. How have you the face to exact purity from your wives, asks Saint Gregory Nazianzen, if you yourself live an impure life? Or, how can you require that which you do not give in return? If you would have them chaste, let your own conduct to them be chaste. Saint Paul bids you possess your vessel in sanctification, but, if on the contrary, you teach them evil, no wonder that they dishonor you. And you, O women, whose honor is inseparable from modesty and purity, preserve it jealously, and never allow the smallest speck to soil the whiteness of your reputation. Shrink sensitively from the various trifles which can touch it, never permit any gallantries whatsoever. Suspect any who presume to flatter your beauty or grace, for when men praise wares they cannot purchase, they are often tempted to steal. And if anyone should dare to speak in disparagement of your husband, show that you are irrecoverably offended, for it is plain that he not only seeks your fall, but he counts you as half -fallen, since the bargain with the newcomer is half -made when one is disgusted with the first merchant. Ladies, both in ancient and modern times have worn pearls in their ears, for the sake, so says Pliny, of hearing them tinkle against each other. But remembering how the friend of God Isaac sent earrings as first pledges of his love to the chaste Rebecca, I look upon this mystic ornament as signifying that the first claim a husband has over his wife, and one which she ought most faithfully to keep for him, is her ear, so that no evil word or rumor enter therein, and not be heard save the pleasant sound of true and pure words, which are represented by the choice pearls of the Gospel. Never forget that souls are faithfulness lead to familiarity and confidence, and saints have abounded in tender caresses Isaac and Rebecca. The type of chaste married life indulged in such caresses as to convince Abimelech that they must be husband and wife. The great St. Louis, strict as he was to himself, was so tender towards his wife that some were ready to blame him for it, although, in truth, he rather deserved praise for subjecting his lofty, marital mind to the little details of conjugal love. Such minor matters will not suffice to knit hearts, but they tend to draw them closer and promote mutual happiness. Before giving birth to St. Augustine, St. Monica offered him repeatedly to God's glory, as he himself tells us, and it is not a good lesson for Christian women how to offer the fruit of their womb to God. Who accepts the free oblations of loving hearts and promotes the desires of such faithful mothers? Witness Samuel St. Thomas Aquinas, St. Andrea Deficile, and others. St. Bernard's mother, worthy of such a son, was wont to take her newborn babes in her arms to offer them to Jesus Christ, thenceforth loving them with a reverential love as a sacred deposit from God. And so entirely was her offering accepted that all her seven children became saints. And when children begin to use their reason, fathers and mothers should take great pains to fill their hearts with the fear of God. This the good queen Blanche did most earnestly by St. Louis her son. Witness her oft -repeated words, My son, I would sooner see you die than guilty of a mortal sin, words which sank so deeply into the saintly monarch's heart, that he himself said there was no day on which they did not recur to his mind and strengthen him in treading God's ways. We call races and generations, houses, and the Hebrews were to want to speak of the birth of children as the building up of the house, as it is written of the Jewish midwives in Egypt, that the Lord made them houses, whereby we learn that a good house is not reared so much by the accumulation of worldly goods as by the bringing up of children in the ways of holiness and of God. And to this end, no labor or trouble must be spared, for children are the crown of their parents. Thus it was that St. Monica steadfastly withstood St. Augustine's evil propensities, and, following him across sea and land, he became more truly the child of her tears in the conversion of his soul than the son of her body in his natural birth. St. Paul assigns the charge of the household to the woman, and, consequently, some hold that the devotion of the family depends more upon the wife than the husband, who is more frequently absent, and has less influence in the house. Certainly King Solomon, in the book of Proverbs, refers all households' prosperity to the care and industry of that virtuous woman whom he describes. We read in Genesis that Isaac entreated the Lord for his wife, because she was barren, or as the Hebrews read it, he prayed over against her, on opposite sides of the place of prayer, and his prayer was granted. This is the most fruitful union between husband and wife which is founded in devotion, to which they should mutually stimulate one another. They are certain fruits like the quince, of so bitter a quality, that they are scarcely eatable, save when preserved, while others again, like cherries and apricots, are so delicate and soft that they can only be kept by the same treatment. So the wife must seek that her husband be sweetened with the sugar of devotion, for man without religion is a rude rough animal, and the husband will desire to see his wife devout, as without her frailty and weakness are liable to tarnish an injury. Saint Paul says that the unbelieving husband is sanctified by the wife, and the unbelieving wife is sanctified by the husband, because in so close a tie one may easily draw the other to what is good, and how great is the blessing on those faithful husbands and wives who confirm one another continually in the fear of the Lord. Moreover, each should have such forbearance towards the other that they never grow angry or fall into discussion and argument. The bee will not dwell in a spot where there is much loud noise or shouting, or echo, neither will God's Holy Spirit dwell in a household where altercation and tumult, arguing and quarreling, disturb the peace. Saint Gregory Nenzen said that in his time married people were wont to celebrate the anniversary of their wedding, and it is a custom I should greatly approve, provided it were not a merely secular celebration, but if husbands and wives would go on that day to confession and communion, and commend their married life specially to God, renewing their resolution to promote mutual good by increased love and faithfulness, and thus take breath, so to say, and gather new vigor from the Lord to go on steadfastly in their vocation.
Fresh update on "sooners" discussed on WTOP 24 Hour News
"Good day through four Exceptions he was sacked nine times. Yeah, it was tough especially when you get in a situation where you're down Down a few touchdowns at the end of the game and you know, they know they know we're in a passing situation So it's kind You know, they have the advantage as far as the pass rush goes, but I mean I just got to do I got to do a better job and I think we can do some things Better and try to limit the sacks. But yeah, it's definitely some way we need to clean up got to clean it up next week two -in -one Visit right Philadelphia now Chiefs all over Chicago 14 zip second quarter Dallas trails at Arizona 15 10 that too in the second quarter Baltimore falls in overtime to the Colts 22 19 Ami beat Denver and this is it's not a typo or what's the word for type of when you hear it? 7020 Just a fourth time in NFL history a team has scored 70 baseball nationals beat Atlanta three to two. They'll turn right around and play again tonight at 635 Jackson Rutledge got his first career major league win for the Nationals Orioles beat the Guardians five to one birds two -and -a -half game lead on the Rays for first in the ALE some preseason Hockey caps fall in a shootout to Buffalo four to three Frank Hanrahan WTO be sports Thank You Frank Coming up after traffic and weather what a government shutdown could mean for members of the military. It's 7 you're out of breath your constant dry cough just won't go away. It might be asthma. It might be COPD but it could be interstitial lung disease. ILD won't wait and neither you should so ask your doctor find a pulmonologist the sooner you know the sooner you and your family can face ILD together. With ILD knowledge is power and your strongest advocate is you. Go to LungsInYou .com provided by Oringer Ingelheim. Snap into action this NFL season with FanDuel, America's number one sports book. Dave Preston here write down new customers get $200 in bonus bets guaranteed when $5 you place bet. a That's $200 in bonus bets win or lose. If you've been thinking about joining FanDuel there's no better time to get in on the action the app is so easy to use there's also a wider range of betting options including spreads, player props, over -unders and more. FanDuel also pays you immediately win you win. Get my NFL picks for all of today's games tweeted during the noon hour at DAV Presto and a WTOP. Visit FanDuel .com and kick off the NFL season. FanDuel, official partner of the NFL. Must be 21 or older in President Virginia first online real money wager only Finally $10 first deposit required bonus issued is non -withdrawable bonus bets that expire seven days Seat restrictions apply. Seat terms at Sportsbook .FanDuel .com. Gambling problem? Call 1 -800 Traffic
A highlight from 3 Altcoins I'm Buying This Week! (Insiders Are Accumulating)
"Insiders are accumulating. At least that is what some of the on -chain indicators were showing us overnight. But in today's video, I want to break down exactly how the market is looking in what has been super interesting price action and give you the main altcoins that I am watching this week. As you guys know, it is a Monday stream which means it's an altcoin watch this show where I go through my favorite plays of the week, one of which is actually Bitcoin this week given the recent price action that we're seeing. And I'm actually live this week. So a lot of you guys that have been watching my shows over the last week or so would know I've been pre -recording. But now I'm back in the studio which means I'm back to live streaming most days. So yeah, I can interact with comments today, do a bit more of, you know, interacting with comments, talking about alts. So if you guys have any questions that you have about any of the plays that I'm setting up for this week, ask me in the comments and I'll get to them and we can make it more of a collaborative show. Welcome back all of my loyal viewers. I noticed we have some regulars here. We've got BlackSales, Rob, Crimson, you guys are back even though I haven't really been that consistent. So thank you guys for joining. Luigi says he's present as well. And let's get straight into the show. So before we get into the alts that I'm looking at this week, the first thing I want to do is look at Bitcoin because there are a few major things happening that I saw in both the on -chain data and the centralized exchange data. The first thing to note is that Bitcoin pivoted nicely off this horizontal range support at 25k. We know that structurally 25k is the key level to keep your eye on. Bitcoin actually responded pretty well in this region and I mean if you really want to simplify the market right now from a TA perspective, all you really need to know is that you have this major 25k support. You break below and Bitcoin is looking bearish from a momentum perspective. You break above the 31k zone and that puts Bitcoin into bullish territory. Maybe people don't really like simplifying things too much because we all love to know what's going to happen in the short term. But if we take a macro lens approach to viewing the market, we can assert that these are the two major ranges and any kind of price action in between then, although it would create opportunities, is not going to come in the way of a definitive bull market or a definitive bearish breakdown. So I think that's an important thing to note as well. Now going into more of the micro here, so going into the daily, going into the four hourly charts to look at what happened with Bitcoin, things start to get really, really interesting. We can see on the daily chart, we pivoted off the 25 .2k level. This was the level that was the initial structural level before the entire BlackRock ETF speculation. So when we got news that BlackRock was filing for an ETF that resulted in a strong pivot from this area at the 25k level, that was in correspondence with a bounce off the diagonal as well as the horizontal support. We pivoted recently off that level and now find ourselves chopping in a new range, which is being formed between the 25k level and the 27k level. Super interestingly, on the four hourly chart, Bitcoin showed like an extremely aggressive move yesterday to the upside and actually pumped into resistance at the 27k level. As you can see here, that was an area that acted as temporary support back in late August before it resulted in an eventual breakdown, therefore a test of the 25k region before Bitcoin actually reversed. And now we get another test, but instead of a support test this time, it's a resistance test into 27 ,300. Now this test was failed, but we can currently see right now Bitcoin is making up its mind on the four hourly chart, whether it wants to close above the 26 ,800 level or not. I still view this as a fairly key level, as it was the initial marking of the range that was initially set out in August. We can kind of hold above there that I think there's a large chance that we can actually smash the 27k level. But of course that's wishful thinking because right now Bitcoin is currently reversing and looks like it does want to close below, which would simply mean more chop over the next few days. So definitely keep your eye on that as well. In terms of open interest, this is where the tile and the title of this video comes in, at least at the time of recording. We might end up changing it later. That's the massive spike that we saw in open interest. So open interest is indicative of the total futures positioning in the market, both long and short for, in this case, Bitcoin. And what we saw last night was the largest open increase amount in a single day with a 15 % increase in the total open interest level. You can see here that's exhibited by this flurry of green candles to the upside. This is the open interest chart, which shows like insiders or someone like a big whale presumably was starting to position themselves. Because from a retail perspective, there wasn't much of a general catalyst over the weekend, over Sunday and Monday. But we still saw a massive increase in open interest. So this raised a lot of questions. Are insiders positioning themselves? Is there going to be a spot ETF approval this week? Is something happening behind the scenes? And although those questions are like extremely hard to answer, what we do know is that open interest was essentially faded in the 12 hours preceding the spike in open interest. So what does this tell us? Well, as I said, it's hard to get a definitive answer what the pump caused. It is likely that some sort of like big whale institution fund decided to open a position. I mean, that's what the volume and the open interest increase is suggesting. There was rumors flying around at the time, like by runner expertise, a few other traders, even I did mention this on my Twitter. Like, is this a potential ETF decision coming this week that insiders are starting to position themselves for? I maybe would have been leaning more on the side of yes yesterday. But given the fact that the move got really quickly faded and wasn't able to sustain, I would maybe now err on the side of no. And this was just irregular market movement or someone positioning themselves ahead of what was an eventual flush out. This doesn't mean that open interest can't recover again. Let's see what happens over the next day and see if it comes back. If this was just a short term leverage flush out after the finance news came out, which we're going to get into now. But let's just see where open interest tracks. It still was a huge spike though. And if we do look at open interest aggregated for Bitcoin over the last week or so, we could still see that even though we did have a massive reversal, we're still sitting higher. So we are kind of making higher lows on the open interest if we look at the month of September as a whole. In terms of the Binance news, we did get news that Binance US, the auditor of Binance US, found it very difficult to ensure the company was fully collateralized at specific points in time. Which led to a lot of FUD on Twitter and a lot of FUD online that Binance may in fact be insolvent. And I mean, this is something that has been floating around on Twitter for quite some time. And it seems to be every time the market gets a pullback, it seems to be some sort of Binance news. I mean, I was just a token 2049 in Singapore, by the way, amazing, amazing conference. But most of the negative like headwind -esque reasons why people thought the market could come down were mostly related to Binance. So although we have a lot of catalysts, a lot of tailwinds, the Bitcoin's body tip being one, the Bitcoin halving being one. Maybe like a positive liquidity injection sometime next year if the Fed's forced to pivot being another. So there's a macro argument both for the bull and the bears. Like the overarching bearish headwind that most people referred to was Binance. So it's quite interesting that in terms of just like retail and investor mindshare in general, this Binance FUD seems to be encapsulating the masses. And that is, I think, one of the reasons why every single time we get a pullback or every single time we get Binance news, because it goes hand in hand, right? News can cause price or price can sometimes actually cause news, even though that might sound counterintuitive. That's, you know, results in a Bitcoin dip. BlackSale says don't forget to hit the likes, of course. Remember to smash the like button. If you're watching the show, show me some support on my first livestream back in a while. I did do one last month, but I haven't been too consistent with it. But yeah, but I'm back to livestreaming now. So yeah, we could see the Binance news came out, and this is one of the reasons why Bitcoin decided to reverse. And this is just a topic that we're going to need to keep our eye on. I don't think there's some sort of kneejerk reaction we need to make, because just in order to say that it's difficult to ensure Binance is fully collateralized, that's not asserting that Binance is insolvent. Maybe that's hinting on the fact that their financials are skewed or their financials are ambiguous, but ambiguous financials don't necessarily imply any explicit wrongdoing. So I would be careful to make assertions. Adam Cochrane is definitely not careful in terms of making assertions, because he's asserted for some time now that Binance isn't solvent. If he does turn out to be right, obviously that would be pretty devastating for the market if the market was to realize and we saw some sort of Binance collapse. But people are certainly aware of it, and people are certainly positioning themselves in some way, shape, or form, whether that's in terms of their actual net positioning or just their mindset, that there could be some negative Binance news coming out over the next few months. And maybe that happens sooner rather than later, but I did think that was a contributing factor behind the OI and price reversal today. Someone said recession is coming. This will happen when everyone's unexpected, rates at an all -time high, debts at an all -time high, price at an all -time high. The economy is never the same as before. Yeah, I mean, it does seem like that. However, you've got to remember, every single time we've kind of called for a recession throughout history, I mean, it's a very common thing, right? Pretty much every single year that people are calling for a recession, the market has just gone higher and higher and higher over a wide enough standpoint. Does that mean we can't get downside because of recessionary fears this year? No. Does that mean the market couldn't correct next year? No. All I'm saying is that over time, people tend to assert that a recession is coming and it does come, recessions eventually do come, but a lot of the time they take longer and they come when people least expect it. And right now, I wouldn't say it's least expected. I would say most people are expecting a recession. The thing with recessions is you can't really time them. So even if you know they're coming, there's no real way to actually prepare yourself because even the best fund managers in the world, even the best analysts in the world, they can't pinpoint a recession. So there's no real tangible way to even trade off this. If you think a recession's coming, well, when's it coming? Next year? The year after? The year after? If you're waiting for a recession and there's a huge rally in the interim, then you're giving up potentially the best year of gains in the market, right? Just because you're waiting for a recession. We saw this in years like 2007, which were great years, 2006, leading into recessions, even though people thought the recessions were coming in 2003, 2004, 2005, because they didn't buy them, they gave up the gains over the next five years or three years in that case. Then by the time the recession came, sure, they were right, but markets pulled back to the levels that they were when they were first anticipating the recession. So it's a very difficult one to time. And yet that's why I'm kind of skeptical of letting these narratives infiltrate the way that I trade. The best way to prepare for a recession is to make sure you're adequately diversified.
Fresh "Sooners" from WTOP 24 Hour News
"Today. Walk -ins are welcome and every vaccine is given with care. Learn more at Wegmans .com slash flu. The Mid -Atlantic Winter is coming. Creek Thompson Window Company's energy -efficient windows are built right here for our unique climate to save you money on your utility bills. Call today for their biggest sale of the year. For a limited time, get 25 % off all Thompson Creek windows and doors, plus no interest until 2025. Get new windows and doors before the cold weather hits. Call 855 57 CREEK now. Home sweet home, Thompson Creek. You're out of breath. Your constant dry cough just won't go away. It asthma, might be it might be COPD, but it could be interstitial lung disease. ILD won't wait, and neither should you. So ask your doctor. Find a pulmonologist. The sooner you know, the sooner you and your family can face ILD together. With ILD, knowledge is our power, and your strongest advocate is you. Go to LungsInYou .com forward slash learn provided by Bowringer Ingelheim. It's 3 28. Traffic Traffic and weather on the 8th. Here's Rick McClure in the WTOP Traffic Center. All right Sandy, let's start back around the Capitol Beltway. Let's zoom in through Prince George's County where it looks like some folks are making an early exit from the game over at FedEx with commanders not doing too well at the moment. Volume is starting to build on the envelope from 202 towards Central Avenue. Come on people, People hang on for a little bit, still 11 minutes left. Outer Loop holding steady from the spur off and on toward River, and Andrew Virginia Loop side still slowing between the toll road and the Legion Bridge and a few volume slowdowns left on the outer loop from before I -395 back to Braddock Road looks like they're clearing some crash debris from the right lane crash earlier was cleared most of it last report Maryland I -270 -95 had a crash report at Southbound on I -95 near Route 100, not sure which lane is affected yet, but we're checking. PW Parkway was a little below speed north of Greenbelt and that's it. Route 50 still holding steady both inside and outside the the Bay roadway Bridge, to and from the three Bay lanes west and two lanes east across the Bay. Over in Virginia 66 almost back to normal traffic flow had a few volume slow spots to Fairfax on the eastbound side 395 a little bit of volume north near I -95 no change with the volume there mainly in the southbound lanes between Lorton and Dale City express lanes appointed northbound McKesson delivers medical supplies to government agencies through the federal supply schedules visit mms .mckesson .com slash government for details that's mms .mckesson .com slash government Rick McClure WTOP traffic 27 news first alert meteorologist Jordan Evans rain has moved out but the clouds are still here temperatures won't move a whole lot likely staying in the 60s for this afternoon northeast winds
A highlight from BIG CRYPTO NEWS!! CITI BANK TOKEN & JUDGE DENIES SEC GARY GENSLER IN BINANCE US CASE!!
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google or wherever you get your podcasts, make sure you hit that five star rating and review. It helps support the podcast and it doesn't cost you anything. Well folks, we've got big news coming out of Citigroup today. They have officially launched a token that will be used for deposits and the transference of money. Let me give you the details. Citigroup launches deposit city token services for institutional customers. This product will be based on a private blockchain controlled by the bank, converting customer deposit into digital tokens that can be sent instantly. Customers do not need to set up their own digital wallets and can be accessed through the bank's existing systems. This was reported by Bloomberg. This is huge news. There's many layers to this story. First it is further validation of this asset class and technology. And this technology is disruptive folks. And disruption is at the doorsteps of the banks, whether it be Citigroup, JP Morgan and many more. And they are trying to build their own versions, right? If the old system is working so perfectly, why are they trying to build blockchains and use blockchains and build tokens? Why? They know this new technology, this new asset class is the future. This technology is here to stay. It has many benefits. It will leave the old system in the dust. Folks, disruption is happening. Another major move here by a bank. And it's once again, further validation with technology. The other layer is that just about a week ago, reported on September 7th, JP Morgan was reported that they were building a deposit token themselves for settlements. JP Morgan is reportedly developing the infrastructure to run a new deposit token, allowing settlements between banks for corporate clients. Pretty clear what's happening here, folks. They know, especially with the likes of Ripple winning the lawsuit and XRP getting the clarity and not to mention CBDCs and stable coins and PayPal building their stable coins. This technology is here to stay and it's moving at a rapid pace. And look, I've been on record saying that I believe the TradFi incumbents, such as Citi, such as JP Morgan, Goldman, and these guys, weaponized Gary Gensler and the SEC to go and try to kill the stable coins, kill Ripple, kill whatever payment or crypto startup, right? Because Gary Gensler and the SEC are controlled by these TradFi incumbents. I had Caitlin Long on the podcast talking about the bias towards the TradFi incumbents, right? And we know how the political system works with campaign donations and much more. So it's pretty clear what's happening here. If you sit back and you look at the timeline, you look at the parallel of these things that are actually happening, right? We're not saying that we're not fabricating something here. It's clear what's been happening. It's clear what Jamie Dimon was saying since 2017 and what his bank was actually doing, right? Watch what they do, not what they say. Folks, first they ignore you, then they laugh at you, then they fight you, and then you win. It's pretty clear that this tech is so disruptive. They're scared of it and they're trying to build their own versions. But the problem is these wall gardens that they're building on private blockchains, no one's going to trust it. Why would another bank want to trust your token that you control the blockchain, you control the nodes, and much more? There are going to be private blockchain systems, don't get me wrong, right? Citi may launch its token and within its own different branches move money and settle instantly, but don't expect JP Morgan to use their coin and vice versa. So this is what's happening. They're not going to be able to disrupt the market with cross -border payments and all the different blockchain systems that are out there, which provide more of a free market, trustless permissionless setup. So very bullish folks for the crypto asset class that these banks are so scared. They're trying to launch their own tokens. And once again, JP Morgan is trying to do the same thing. And as mentioned, this is being reported by Bloomberg and they're calling it Citi Token Services once again. Let me give you a quote here from Shamir Khalik, global head of the company's services division. The development of Citi Token Services is part of our journey to deliver real time, always on next generation transaction banking services to our institutional clients. Oh, but I thought the traditional way of doing things was working. I thought crypto and blockchain, all these things are scams and a Ponzi. I guess not. The move is the latest by an established banking giant to offer so -called tokenized deposits or transferable digital coins that can represent a claim against banks. Crucially though, these tokens are processed on blockchain reels, meaning settlement is instantaneous. Yep. Folks, I'm so glad I'm here early. I'm paying attention. I'm researching, I'm dollar cost averaging and I'm hodling. Now a great way to dollar cost average in is using Uphold, which is a great crypto exchange. They are one of the sponsors of this podcast. I've been using Uphold since 2018. They have 10 plus million users, 250 plus crypto currencies, and they're available in 150 countries. You can also trade precious metals and 37 national currencies where you can easily transfer between crypto to different Fiat currencies to precious metals. That's a pretty unique feature to Uphold. If you'd like to learn more about this platform, please visit the link in the description. Well, folks, we've got big news around the SEC versus Binance. The judge declined the SEC's request to inspect Binance US. So if you recall, there was news that the SEC rips into Binance US over a shaky asset custody asked court to order inspection. The regulator asked a US court to reject Binance's half -hearted objections to its motion seeking depositions and inspection and communication from the exchange. This is another big fat L for scumbag regulator Gary Gensler, and this is being reported by Bloomberg. Here's the headline. SEC fails to win immediate inspection of Binance US software. Regulator says it is not getting enough access in lawsuit. Magistrate judge didn't grant expedited discovery requests. So the SEC says it has been struggling to get information from Binance US since it sued the American exchange along with its international affiliate Binance Holdings Ltd and its chief executive officer Changping Zhao in June. So Gary is taking loss after loss after loss. And I think a big blow is coming with Coinbase. I think Coinbase has a strong case and just like the grayscale situation, a lot of legal analysts are saying, yeah, we think Coinbase is going to walk away with a victory. Now, it may not be a full victory, kind of like the ripple situation where the SEC did win on some grounds, but it will be the lion's share of the win, or if you were to count up the numbers here, and that is what we're looking for. And you may say, well, Tony, why are you bashing the SEC and Gary Gensler so much? Don't they have a job to do? You're absolutely right. They do have a job to do, but we know, and this has been confirmed by the crypto industry as well as members of Congress and other regulators, even SEC Commissioner Hester Peirce and Mark Ueda, the SEC and Gary Gensler have not been acting in good faith. They have not been abiding by the law. So this government agency, which is supposed to have integrity, which is opposed to abide by the law, are themselves not doing that. Well, you have Judge Sarah Netburn rip a lawsuit saying the SEC lacks faithful allegiance to the law. What a burn. What a statement, right? That a government agency is being called out by the judicial branch and you lack faithful allegiance to the law. And even Bill Hinman and his conflicts of interest with Ethereum. And the list goes on and on and on. Gary Gensler is a puppet on strings doing the bidding of the incumbents when he's supposed to be a neutral party just looking to protect investors and they are attacking good actors. So it's not like they are just going after bad actors and that's the end of it. They're attacking good actors. And it goes back to what we were talking about at the beginning of the podcast. Citibank and all these banking incumbents have weaponized Gary Gensler to kill the startups that are disrupting them. The other aspect is Gary Gensler is not working with Congress to provide clear regulations, right? And he's flip flopped over the years. He's a big hypocrite. He's a liar. We've seen him lie many times. And he continues to say there's hucksters and scammers and so on and so forth in the industry. I tweeted about it today. You have some of the biggest names entering the crypto market, such as BlackRock, Franklin Templeton and many others filing for Bitcoin spot ETFs. Earlier this year, Charles Schwab, Fidelity and Citadel launched a crypto exchange called ADX Markets. PayPal launched a stablecoin. Deutsche Bank just reported last week they will offer crypto custody. Mastercard launched a CBDC program. Visa expanded their use of USDC stablecoin on Solana. So Gary clearly tried to distract and attack the startups while his Wall Street TradFi buddies come in and take over and look at the facts, right? I just listed out a whole bunch of big names that are coming in. And remember, Gary met with Sam Beckman Fried and FTX officials, didn't do anything. Big collapse happened there. He didn't do anything about Celsius or three hours capital and a whole bunch of other things. He didn't stop Terra Luna or anything like that, right? He just sat back and waited. And I think that was part of his strategy. I think he knew of the things that are happening, but he let them collapse so that they would hurt the market, right? Let the flush out all these startups who look, they're not established like the banking incumbents. And then what happened this year? Oh, I'm going to go after the good actors. I'm going to go after Coinbase, right? I'm going to go after this company and that company and NFTs and many other projects. So it's pretty ridiculous what's happening. But guys, we will win the war. We've seen historically that the disruptive technology will progress. It will get adoption. And if these folks don't get on board and it looks like they're trying to with their tokens, they will get or have their blockbuster moment. Now, speaking of further adoption, blockchain capital raises $580 million for two new funds. Venture capital's firms, record funding comes as space is teeming with exceptional innovators, despite bear market execs says. So the capital keeps coming in investments into the crypto industry. These companies and these funds are investing in both the companies, building the infrastructure, as well as the tokens are very, very bullish. Despite all that happened last year with FTX and Celsius and so forth, there's looking beyond that. They're looking at the future and the horizon of the adoption of this technology and much more. So one is the San Francisco based companies, six early stage fund in line with such funds it has previously launched, while the other is its first so -called opportunity fund. The $580 million marks the company's largest raise in its 10 year history, according to blockchain capital executives, Spencer Bogart, Bart Stevens, and Jason de Piazza. Such funding coming during a bear market reflects our investors trust in our long -term perspective, they said in a Monday blog post, adding that innovation often thrives during tough economic times. Despite the downturn in liquidity prices, we see a space that is teeming with exceptional innovators and founders, each aligned with the first principles of open source innovation, credible neutrality, and censorship resistance, Stevens told block works. The firm's first opportunity fund was conceived as a post dislocation investment vehicle. According to blockchain capital, Bart Stevens, it was designed with a high conviction concentrated mandate to pursue financing opportunities at the later stage. Very bullish news here, my friends. And here we got some more quotes. We felt generalists and newcomers misjudged the opportunity set he added. In contrast today, the fundraising environment for late stage crypto companies is barren, creating a unique and compelling opportunity for targeted capital that understand web three technology. Pretty incredible folks. And this is a lot of capital and more is going to keep coming, right? We're just seeing some of the biggest trad fi names entering a lot of capital being raised by different funds and new funds popping up and they're going to invest in the market and we're going to see continued growth and the S curve adoption keeps moving higher and growing folks. It's happening day by day, week by week, month by month, year by year. Now we got news here in New York financial watchdog proposes strengthened crypto guidelines. The New York financial or the New York department of financial services published proposed guidelines on Monday aimed to strengthen how firms list or delist coins. It also proposed guidance on adding coins to the state's green list. So we're seeing states move in the direction of trying to figure out regulations while the federal government continues to drag their feet. Obviously we got two bills in the house and shout out to patch McHenry and those folks who have been trying to get things through. Even Senator Cynthia Lummis and Christian Gillibrand in the Senate also have a bill, but we need Congress to act, right? Things are moving really slow. They need to put the guardrails in place, but we're going to see a lot of states do this. And I think as they do this and with their grassroots movements and much more, it's going to put pressure on the federal government to eventually act. So I think this is a good thing. However, the devil's in the details. New York can sometimes be very heavy handed. They obviously have the ridiculous bit license, which they should get rid of. But I think that's Wall Street's gatekeeping to allow only companies that they want and much more. So it's tough for a lot of crypto companies to get that bit license in New York. So we shall see what they come up with, but let me give you some details. Since joining DFS, I have made it a priority to ensure the department's regulatory and operational capabilities keep pace with the industry developments to protect consumers and markets. And why DFS Superintendent Adrian Harris said in a statement on Monday, and why DFS has been active in regulating crypto in the state for years, having launched its bit license regime in 2015. A slew of firms have virtual currency licenses in the state, including Coinbase Incorporated, and according to its site, although some firms close up shop in the state. So let's see what they come up with and all the details as it comes out, and we'll have some of the legal experts review it. But I am for regulations. I think they're important. Now, I don't believe in draconian regulations. I believe there's a balance. You allow innovation to flourish, but you protect consumers. That's the balance. But we got to keep our guard up and push back on anything that's draconian. Finally, Malta, they seek to change their crypto rule book to get ready for MICA. So the EU MICA regulatory framework was passed. The EU and the UK are ahead of the United States right now. The country's financial watchdog wants to align its framework with the EU wide rules set to take effect in 2024. So once again, EU and UK ahead, and it looks like these countries and the European Union are going to look to align to this. So this absolutely makes sense. Now, this law and this regulation is not perfect, right? And there's still some fine tuning that's needed, but it's a really great start. And I'm glad they were able to get things through because it just once again shows crypto is not dependent on the United States. This in technology the digital world that we live in and everybody on the internet, it doesn't need the United States land and borders to operate. It can operate from anywhere. Now, obviously I say that, but the United States is the world's largest capital market. So matter of capital raising and funding and so forth, that is certainly a big factor for the United States, but for these projects to launch and to build and to grow, they don't need the United States. And living in the United States, I'm worried that the US is in danger of losing some of these companies and a lot of jobs and economic benefits, but hopefully they can get it right sooner than later. And this EU MICA bill will take effect in 2024. And I think we can expect to see other countries align with it. And that is really great because there's not going to be different rules for different countries, at least in the EU, they can online and provide clarity to the different businesses operating in the EU. So this is good news, I think all around. Well, folks, that's the news. Please let me know what you think about the Citibank token, the SEC taking another big fat L, the judge striking down their requests in the Binance US case. And what do you think about all these items? Leave your thoughts and comments below, hit the five star rating on the podcast platforms, and I'll talk to you all later.
"sooners" Discussed on WTOP
"Offering 25 % off all fences, and decks pavers. For nearly 80 years we've built our name on quality and dependability and we're dedicated to providing not only superior products and performance but also great deals like 25 % off all fences, decks and pavers. Find out more at LongFence .com. You're out of breath, your constant dry cough just won't go away. It might be asthma, it might be but it could be interstitial lung disease. ILD won't wait and neither should you. So your ask doctor, find a pulmonologist. The sooner you know, the sooner you and your family face ILD together. With ILD knowledge is power and your strongest advocate you. is Go to LungsInYou .com forward slash learn more provided by Bowringer Ingelheim. Everything you need, every time you listen. WTOP News at 1115. Thanks for joining us, I'm Mark Lewis. How much are you affected by what you see on social media? There's a new Bankrate .com survey that finds US adults have been persuaded to buy billions of dollars in products. We're talking about 71 billion dollars in products based on what they saw on social media and quite a few of them regretted it after the fact. Joining us live now Bankrate senior industry analyst Ted Rossman. Ted welcome to back WTOP. Talk a little bit about how social media is influencing what people are buying. Yeah, it's pretty staggering. That's 71 billion dollars that we've spent on impulse buys inspired by social media over the past year is actually more than the GDP of certain countries like Slovenia Ghana and and Jordan. I was actually shocked when our team put that together. I had to go back and double -check. But yeah, we're incentivized to spend a lot on social media. I think it's really this desire to put best our foot forward and just getting kind of skewed by some of these perceptions. When a friend friend or acquaintance or influencer post some great outfit or meal out or trip or whatever it is, we feel like we've got to get it too and sometimes we bust the budget as a result. Who are you finding is spending the most in these impulse purchases? It tends to be young adults by far. So Gen Zers, Millennials, definitely the most likely to be doing this. What I think is unfortunate is that most people who've made an impulse buy based social on media in the past year later regretted at least one of those purchases and that's where I think we have the cautionary tale of, you know, I don't want to tell you you can't have any fun but let's make sure we're being thoughtful about what we're buying, maybe institute some sort of 24 -hour rule like you're going to sleep on it before you hit the buy button, maybe some other tools too like just building this into your budget. You know if you know that you're going to be incentivized to buy some new clothes or accessories or splurge on a dinner out, don't let it be a surprise. Build that into the monthly budget so that you don't regret it or take on expensive credit card debt. So the regret is definitely coming when they look at how much they've spent, not necessarily in the quality of the product for example. I think it's primarily a spending thing especially with credit card rates at record highs. I mean that's a really big topic these days. Credit card balances are at record highs, the average rate is a record high approaching percent. I think the whole buy now pay later industry factors into this as well. Companies like Firm and Afterpay and Klarna, you know sometimes those deals work out. Maybe it's for interest free payments over six weeks, but sometimes there's this mental accounting that almost makes it easy too to buy and kind of leads you to forget the total cost. It's like, oh that's not $200, that's just four easy payments of $50 and I think sometimes people overdo it. So one other idea would be, insert a little friction into the process. Don't save your card number in these retail websites. Even that act of having to find your card and type in the number, that may be a deterrent to buying something that maybe you didn't necessarily want or need in the first place. Alright, and some good advice, that is Bankrate Senior Industry Analyst, Ted Rosman. Time now for traffic
A highlight from 1403: This Will Send Bitcoin to $1,000,000 - Max Keiser
"In today's show, I'll be breaking down the latest technical analysis, as well as breaking news just in. The former SEC and Federal Reserve Bank of New York, Norman Reed, announced as the new CEO of Binance US? Like, what? Serious? We'll also be discussing the latest from Max Kaiser, who recently shared, we helped boost El Salvador's bonds 90 % this year. We can help Javier Malay escape the IMF, central banking terrorist, and get Argentina's economy rocking. Hope to be landing in Buenos Aires soon. Let's go. He also says that President Bukele plus Bitcoin have reinvented the nation state. Governance is being redefined in the Bitcoin age. A true meritocracy and universal economic freedom is rising in El Salvador. Socialist ideas are on their deathbed. Can the Bukele model of Bukelenomics be exported to another country? We will go to Argentina and discuss this with Javier Malay. Can't freaking wait. Also breaking news, Mark Cuban loses $870 ,000 worth of Ethereum in his MetaMask hot wallet with a hack. Rough. Also in today's show, Gemini legal team accuses DCG, the digital currency group of gaslighting Genesis creditors. We'll also be discussing BitGo and Swan unveil plans for a Bitcoin -only trust company. That's right, the trust company will target institutional investors in the United States as asset managers line up for the Bitcoin spot ETF. Send it. We'll also be discussing Bitcoin price all -time high will precede the 2024 halving according to this latest prediction by Bitcoin. Quitting him here, no, Bitcoin is not going to top before the halving. Yes, it is going to reach a new all -time high before the halving. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024. And yes, the target price is around $250 ,000 per Bitcoin. I'll also be sharing the latest predictions from Max Keiser with the Bitcoin price action I recently transcribed his most recent interviews. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again, that's cryptonewsalerts .net. Welcome everyone just joining us. This is pod episode number 1403. I'm your host JV, and it is stat stacking Saturday. So let's get it. It's September 16th. So you already know we're halfway through the September before October. So let's bring it. Let's start with our market watch. As you can see here on the screen, we're back in the green. Bitcoin up a half a percent for the day trading back above 26 ,500. We also have Ether trading above 1600. And checking out coinmarketcap .com, we're sitting just above that trillion dollar milestone with roughly 22 billion in volume in the past 24 hours. Bitcoin dominance is 48 .9%, and the Ether dominance is 18 .6%. And checking out the top 100 crypto gainers of the past 24 hours, TonCoin leading the pack up 17 .5 % trading at $2 .42, followed by ThorChain up 9 .5%, trading at $1 .91, followed by Flow up 8 .5%, trading just above 46 cents. And checking out the top 100 crypto gainers for the past week, we have a sea of green, which is a beautiful omen for the altcoin market. We have coins such as TonFlow, Rune, and Ave all pretty up between anywhere from 8 to 13%. And yeah, so there you have it. How many of you are currently bullish on the king crypto, and how many of you are anticipating a further dip? Let me know your insights. And at the end of the show, I'll be reading everyone's comments out loud as we do each and every day in the Q &A session. Now, let's dive into some technical analysis from Glassnode, one of my favorite analytics platform. The past few days have been relatively positive for the price action for the king crypto, which has been increasing since Tuesday, September 12th. At the time, Bitcoin is sitting just above 25 ,600. Now in this prediction, the co -founder of the popular crypto analytics resource, Glassnode, outlined that the US CPI jumped by 0 .6%, which led to some fluctuations of the Bitcoin price. And indeed, the core CPI, which excludes more volatile sectors such as food and energy by design, has noted a yearly increase of 4 .3%. But interestingly, the CPI itself clocked in at 3 .7%, while the estimations were for it to be 3 .6%. So initially, the news didn't really have any impact on the price, which beyond the expected initial turbulence, settled at where it was trading just before that. So here's some price predictions coming from the Glassnode co -founder. He pointed out that crypto reclaimed the support above 26 ,000 and is now eyeing a potential break beyond 27 ,000. This would help it escape a multi -week range. He went on to share, risk signals nose dive into the 60s around ,400 27 and 28 ,200. But this climb seems poised as a step before tackling the psychological barrier at $30 ,000. So there you have it. Let me know if you agree or disagree with the analysts. And are you currently more bullish or bearish on the King crypto for the short term? Please do let me know. And breaking news just came in before I went live. And I'm like, it's hard for me to even accept this, but this is what it says. Former SEC and Federal Reserve Bank of New York, Norman Reed, is announced as the new CEO of Binance US. You can't make this stuff up. Folks, what is the SEC doing? Now, Max Kaiser recently tweeted, I'm sure you know, there was a Tucker Carlson interview with the pro Bitcoin presidential candidate of Argentina, who's currently winning the polls for the presidency. And fantastic, almost 400 million views within the first day. Max went on to share, we help boost El Salvador's bonds 90 % this year. Facts. We can help Javier Malay in Argentina escape the IMF central banking terrorists and get Argentina's economy rocking. Hope to be landing in Buenos Aires soon. So the million dollar question, do you think Max Kaiser will orange pill Javier Malay? I sure hope so. He even recently tweeted here, President Bukele plus Bitcoin have reinvented the nation state. Governance is being redefined in the Bitcoin age. A true meritocracy in universal economic freedom is rising in El Salvador. Socialist ideas are on their deathbed. Can the Bukele model of Bukele -nomics be exported to another country? We will go to Argentina and discuss this with Javier Malay. And quoting El Salvador's fearless leader, Bukele, old ideas and institutions crumbled and a new generation is called on to remake the world based on the human right of financial freedom. Preach. Now, Max also shared in regards to this headline, Janet Yellen says Ukraine aid is the best boost for the global economy. Now this is hilarious and also sincere at the same time. Bitcoin monetizes war and violence by being finite and uncomfortable as this ugly, what? Illustrates money monetizes war by violence by turning humans into disposable garbage central bank Ponzi scheme. Preach Max Kaiser. Greatly appreciate all the work you're doing. You're truly doing God's work. You and Stacy's a massive shout out. Now let's discuss the latest with the hack from Mark Cuban. Now this is alarming, but at the same time, it's Meta Mass. I've been telling you guys to stay away from the Meta Mass wallet for quite some time. And also they didn't hack Bitcoin. They hacked Ethereum. I personally don't trust Ethereum or Meta Mass. So interestingly enough, so to read this story, let's break this down. Check this out. Nearly $900 ,000 worth of Ethereum was reportedly drained from one of the hot wallets belonging to investor in Dallas. Mavs owner, Mark Cuban, the man that once said Bitcoin has no intrinsic value and that bananas are more valuable. Yeah, right now, independent blockchain sleuth was the first to spot the hack September 15th at around 8 PM. So that was last night after they highlighted suspicious behavior. What one of Cuban's wallets that the 65 year old had an interacted with for roughly five months as he shared here on X LMAO did Mark Cuban's wallet just get drain wallet inactive for 160 days and all of the assets just moved. And according to the transaction history on Etherscan, several batches of assets such as USD coin, USDC tether, and Lido staked Ether were suddenly withdrawn from the wallet within a 10 minute window. Now adding complexity to the matter, another 2 million worth of USDC was also withdrawn and sent to a different wallet, leading Woz to suspect that Cuban may just be moving some assets around. However, a few hours later, Cuban confirm to DL news that he had gone on metamask for the first time in months and vaguely suggested that the hacker or hackers may have been watching and waiting for the moment to pounce. Cuban added that he had transferred any remaining assets to Coinbase custody, essentially confirming that the $2 million worth of USDC transaction was indeed him. But in terms of the hack, members of the community were quick to point out that the opposed to the hackers watching Cubans activity, he must have done something that led to the security breach. Some suggested that Cuban may have mistakenly signed a malicious transaction while others asserted his private keys were compromised given that the funds were directly transferred out of his wallets. What do you guys personally think chat? Please let me know in the comments below. This is not the first time Cuban has been taken a hit on the crypto market. Back in June of 2021, Cuban Lawson unspecified amount of capital on what he called a rug pull after the algo stable project called iron finance imploded amid a supposed bank run. So there you have it. Mark Cuban has a bad track record in crypto. Just pointing out the obvious fam, how many of you guys think that it was a legitimate hack? Let me know your thoughts or how many of you think he maybe have just moved it around and don't want to claim it. Who knows? I mean, there's infinite possibilities. No one really knows, but I'll be keeping you posted with the latest developments. We all know Mark Cuban is a multi -billionaire. So obviously a $900 ,000 loss is not going to affect him. He's not going to lose any sleep over it. But what if you were to get hacked worth of $900 ,000 of crypto? So again, red alert, be very careful with wallets such as MetaMask. Just saying. Now for the latest between the digital currency group in Gemini with the ongoing saga as it continues, lawyers representing Gemini Trust have pushed back against the plan proposed by DCG for the creditors of Genesis Global in the filing yesterday, September 15th in the US Bankruptcy Court for the Southern District in New York. New York, where you at? The legal team accused DCG of gaslighting Genesis creditors through contrived, misleading and inaccurate assertions and a recovery plan. Now the plan filed in Bankruptcy Court September 13th, three days ago, claimed unsecured creditors could have a 70 to 90 % recovery with a meaningful portion of the recovery in digital currencies, while Gemini earned users would expect an approximately 95 to 110 % recovery for their claims. This seemed like a red flag when I initially read the story. I'm like, how are they going to get back 110 %? Does that make any sense? So now I'm starting to understand maybe they were gaslighting. What are your thoughts, chat? According to the legal team, DCG was attempting to bait the Gemini lenders into accepting the deal that would allow the company to pay less than it allegedly owed. Lawyers called on the firm to significantly improve the terms of the loans provided to Genesis and not use Genesis' bankruptcy proceedings to cover for justifications of the recovery plan, quoting them here, to distract the Genesis creditors from the inconvenient facts of its facially inadequate and inequitable proposal, DCG touts proposed recovery rates that are total mirage, misleading at best and deceptive at worst, said the filing yesterday, September 15th. Make no mistake, Gemini lenders will not actually receive anything close to the real value in terms of proposed recovery rates under the current agreement. In principle, so a bunch of more shenanigans, to say the least. The legal battle involved entanglements with crypto exchange Gemini and DCG over the Gemini Earn program. How many of you have lost crypto from Gemini Earn? I'm curious. Please let me know in the chat, fam. Financed in part by Genesis, Genesis halted withdrawals as we know November of 2022 in the wake of the FTX collapse, citing unprecedented market turmoil at the time and filed for bankruptcy later on in January of this year. According to the court filings by Gemini, Genesis owed more than $3 .5 billion to its top 50 creditors at the time of their Chapter 11 bankruptcy filing. The crypto exchange filed the claim in May, aimed at recovering more than $1 .1 billion worth of assets for roughly $232 ,000 Earn users and filed a lawsuit against DCG and their CEO, Barry Silber, in June alleging fraud. Barry was not the only architect and mastermind of the DCG and Genesis fraud against the creditors. He was directly and personally involved in perpetuating it, said Gemini co -founders Cameron and Tyler Winklevoss back in June. The US SEC filed a civil suit against Gemini and Genesis in January for allegedly selling unregistered securities through the Earn program. The two firms filed a motion to dismiss the case in May, but it is still ongoing at this current time. How do you think this is likely to play out? I just hope that the investors get their money back as they deserve because we all know with lawsuits, the biggest losers are always the investors. The biggest winners are the lawyers and the courts. That's just facts. So we'll see how this plays out as well. And again, they're attacking and going after all of the yield programs for crypto with Gemini Earn being a pretty large one. Why? It undermines the banks, right? If you can earn a five or 10 % yield putting your cryptocurrency on their platform, it basically tells you that why would you even waste your time with fiat currency in your bank when you're losing more than the actual appreciation of interest because the interest is virtually nothing while you're losing 20 % in inflation on an annual basis. It just makes no sense. So it seems if I had to guess, that's why they're attacking all of these yield programs. But what are your thoughts, chat? Please do let me know. I'm going to read those comments out in a little bit. Now let's discuss the latest with Bitcoin Trust. That's right, BitGo and Swan unveiled plans for their Bitcoin -only trust company. This is breaking news as well. The US may soon have a Bitcoin -only trust company according to plans disclosed by BitGo and Swan yesterday, September 15th. The joint venture is pending regulatory approval, the company said in the statement. Now I love the word joint venture because hey, JV, just saying. The forthcoming entity will handle similar activities of a trust company, including Bitcoin custody, administration and management on behalf of its beneficiaries. And according to Corey Clipston, CEO of Swan, the solutions intends to offer Bitcoin custody without the risk of having other altcoins under the same roof. As you know, Swan is Bitcoin -only and they're pretty much anti everything, not Bitcoin. Quoting him here, for years, we have heard from major clients, partners and other Bitcoin companies that they would prefer a Bitcoin -only software and services stack that is focused strictly on the best custody and leverages of Bitcoin's unique features. The companies are in contact with state regulators about the plans, but have yet to file regulatory approval. Clipston told Cointelegraph we're evaluating acquisition options first, he disclosed as he announced here through the Swan Bitcoin team on X. As part of our long -term vision to advance Bitcoin adoption, we're announcing a major step forward for Swan and the entire Bitcoin ecosystem. BitGo and Swan announced plans for USA's first Bitcoin -only trust company. Let's go USA. BitGo offers digital asset security and custody, supporting over 700 cryptos as per its website. And in contrast, Swan's business is fully dedicated to the king crypto, allowing users to only invest in Bitcoin via a one -time and reoccurring purchases, with custody of records held at Fortress Bank and Bakkt, while BitGo acts as a cold storage for Custodian. Now, didn't Fortress Trust just go bankrupt or get acquired by another company? Was it Ripple? You guys let me know in the chat. I know there was something major with Fortress Trust. Now, the new venture will target institutional investors such as asset managers, pension plans, and family offices, along with governments and company treasuries. It will offer cold storage, fraud prevention, anti -money laundering, and know -your -customer protocols, amongst other Bitcoin -related services. Institutional investors in the crypto space are at a fast -growing market in the US, especially as the world's largest asset managers seek regulatory approval, which includes BlackRock, the largest. For a spot Bitcoin ETF, we also have several large Wall Street players offering crypto custody solutions to institutional investors, which include the Bank of New York, Mellon, as well as Deutsche Bank, quoting them here. We believe there is a high likelihood that several ETFs are approved in 2024, and thus a new round of entrants to the Bitcoin market seeking mature, reputable, technology -proficient partners for a range of needs, explained the Swan CEO. The SEC delayed decisions on the spot Bitcoin ETF product. Analysts predict the regulatory regulator may postpone a decision until early 2024 as the deadline fast approaches, quoting them again. Our teams have worked closely together for nearly a year on stronger, qualified custody models. Early in 2023, we recognized the opportunity to establish a Bitcoin -only custodian, combining the unique capabilities of each company and supporting the innovators that will be at the forefront of pushing Bitcoin adoption, noted the CEO of BitGo. So there you have it. I am curious, by a show of hands chat, how many of you have purchased or acquired Bitcoin using Swan Bitcoin, and how many of you are familiar or ever used BitGo? Let me know in the chat. Now let's break down our next breaking story of the day, and that's the Bitcoin halving, which should be on everybody's mind, because it's only six months out, estimated to take place sometime in April of 2024. Now guess what? What if we hit a new all -time high pre -halving, because that's what this prediction suggests. Let's break this baby down, shall we? Bitcoin has a $250 ,000 target for after its next block subsidy halving, but a new all -time high will come sooner. Let me know if you guys agree. That is the latest Bitcoin prediction from BitQuant, the popular social media commentator who sees a rosy future for Bitcoin. In his latest post on X on September 15th, synonymous central banker and Bitcoiner revealed a pre -halving target of 69 ,000. That's what makes this individual interesting. He is a central banker and a Bitcoiner. I didn't even know that was a possible combination, fam, just saying, but he wrote, no, Bitcoin is not going to the top before the halving. Yes, it is going to reach a new all -time high before the halving. Now Bitcoin has just over six months before the halving, the event that cuts the miner rewards, as we know, per block by 50 % every four years. Analysts argue that the resulting emission restrictions have a cathartic impact on the Bitcoin price performance, acting as something of a springboard in advance of Bitcoin seeing new all -time highs. But for BitQuant, the analysts, that alone is not bullish enough. Not only will Bitcoin beat its current record set in 2021, which we all know the current all -time high is 69 ,000, before next April, it'll go on to hit $250 ,000 per Bitcoin after the next halving cycle begins. That's what he says here. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024, and yes, the target price is around 250 ,000, which is outlined right here in the chart. Let me know if you agree or disagree with this crypto analyst, BitQuant. Now, market participants are highly divided when it comes to how the Bitcoin price action will play out into the halving and beyond. Some agree that the higher levels are possible by April, but plenty of conservative voices obviously remain, especially bears, right? Last month, Bitcoin investor and author Jesse Myers dispelled any idea that Bitcoin will be trading at six figures between now and then, and in a subsequent interview, meanwhile, Philby Philby, the co -founder of Trading Suite, decent trader, gave a pre -halving Bitcoin price ceiling of 46 ,000, quoting him here, assuming no Black Swan event, around 35 ,000 by the end of the year, and possibly as high as 46 ,000, sometime pre -halving in quarter one of 2024. So there, you freaking have it. And as he shares here, I'm going to read you his particular post on X coming from Bitcoin. Again, this is the central banker slash Bitcoiner. He says, no, Bitcoin is not going to the top before the halving. Yes, it is going to reach a new all -time high before the halving. No, Bitcoin is not going to 160 ,000 because the magnitude of every pullback is large. This means it will peak after the halving in 2024. And yes, the target price is around $250 ,000 per coin. So there you have it, fam. Again, let me know if you agree or disagree with the analysts and where do you feel the Bitcoin halving, which is around the corner, is likely to take us. As you know, the two most bullish catalysts in the market, Bitcoin halving as well as spot Bitcoin ETF. I hope they both get approved and take place. We already know for certain the halving will take place, but there's a 95 % chance of the spot ETF approval in the United States, according to top ETF analyst, Eric Balchunes of Bloomberg. Now for the moment you have all been waiting for, the latest from Max Kaiser. I recently transcribed, actually today, his most recent interview in Bitcoin price predictions, very powerful words to share. So let's break this down. So first and foremost, he says, the world is a very different place and everyone will say nobody saw it coming, but it is clearly been brewing now for many years. And it's like every single day you can just see the catastrophe inching toward the abyss. You know, it's we're at the zero line preach. He also says it is a global fiat money game and you see different countries where fiat money regimes are collapsing in real time, right? Facts. Argentina, you know, the countries like this or like Lebanon recently had a complete collapse or a central bank collapse. That's right. And inflation is definitely an indication that your fiat money regime is in dire straits and inflation is breaking out in a big way. It is not going to return to where it was before this latest inflation break inflation and the collapse of fiat money is here. Now people are feeling it right now. And the quality of life all over the world is being impacted by it and it's being impacted in the United States. You know, people can't buy a home. People can't afford food. The economy is starting to ramp back up again. So it's playing out right now. And there is nothing that can be done to stop this inflation because the economy is completely out of control. So even the interest on the debt in the United States is now over one trillion dollars. So I think it is the biggest line item on the budget, bigger than the military. What we were told for decades was, oh, you know, it's trickle down economics or what you have, what not. I mean, and he goes on to share with Bitcoin. It's kind of the end of price discovery because everything will be priced in Bitcoin preach. eventually Everything goes to zero against Bitcoin. And so for someone like myself, who has been following this for 40 years, finance markets, technology, Bitcoin is the holy grail. It is the end all. I would say my compatriot in all of this is the one and only Michael Saylor. When you hear Michael Saylor talk, he talks about the aesthetics of Bitcoin, the beauty of Bitcoin. And he speaks about it in a way that I think carries the torch from the Max and Stacey from 2011. He started buying it, I guess, when it was 10 or 12000 a coin or so in 2020 era. So we were from 2011 to 2020. I think he's kind of carried the torch from 2020 in a lot of ways and introduced Bitcoin to massive pools of capital. I am surprised that more companies haven't followed his lead, giving up the break in inflation we have had exactly as Michael Saylor predicted, the melting ice cube, as he called it at that time, is exactly what happened. Well, I guess we can say now we're in a new era where BlackRock and those other major institutions are now looking at Bitcoin. So his work on the institutional level, I guess, is now bearing fruit. Three years later, I see in the Middle East, they are starting to recognize Bitcoin. So that's a huge pool of capital. I think all of that oil money will find its way into Bitcoin and be a huge catalyst for the prices. It is a natural way for the oil industry to diversify their portfolio because Bitcoin is essentially energy and the energy eventually gets priced in Bitcoin. And there is a marriage between these two in a big way. So I think that's kind of the answer. I have always been fascinated by price discovery in markets and the architecture of how markets work under the hood. And Bitcoin is such a pristine, perfect money. And I think it is something that humans have been searching for since forever. And now we're seeing it change society on a really fundamental level with the introduction of Bitcoin. And a lot of people are freaking out because of it, because it destroys the status quo. And a lot of people who have been waiting for it to come along have had the faith that humanity can be saved. They see Bitcoin in those terms. So you have this split going on, which is very exciting. So it just continues on and on. And you cannot, how could you not be interested in it? I think the people who were into it earlier and just walked away just never got it from the beginning. Once it's characterized as an asset class, we have nothing to do except position ourselves in this asset class. Either we are going to be a small position or a big position, but we cannot ignore it. We cannot not have a position. Now check this out. So even 1 % of that multi -hundred trillion dollar funds available moves the needle on Bitcoin and it moves it up considerably. He's referencing the 700 trillion dollar plus total addressable market. And he continues, so if we get into the 5 to 10 % range, then you start to really see it raise ahead to the seven figure type predictions that people have been making, including myself, because Bitcoin is an asset class preach. And on the flip side, we have what we saw in the gold market, which is the ability to control the price discovery and manipulate the prices. It's real through the derivatives markets. So the price of gold has been lagging inflation for 20 years because the governments around the world don't like gold making their fiat money look bad. That's right. So they make it easy for the huge funds to manipulate the price of gold and to scalp it, to continuously skim profits off of gold, which is what they do almost every single day. You can watch it and see it. That's pretty clear. And they are very good at keeping the price of gold and silver down. There's something like for every ounce of silver, there's probably 50 ounces worth of derivatives floating in various exchanges around world that are used to keep the price of silver down because governments don't want gold to race ahead and draw capital out of their fiat money scam into gold. He's preaching. Now with Bitcoin, we have the ability to pull our private keys, which is not really available with gold. Technically people can take delivery of gold on these exchanges, but there has never been an organized attempt to do so. We tried to do it a few years ago with crash JP Morgan, buy gold and silver because after the 2008 financial crisis, when JP Morgan ended up buying Bear Stearns effectively for nothing, they inherited this huge multimillion short silver position that Bear Stearns was managing at the behest of presumably the government. The government likes to stay involved. And so I did some calculations and it became clear that if this short position was not covered, the price of silver could go to 60 to $70 an ounce, and it would bankrupt JP Morgan Chase. Take that Jamie Dimon. So we started this crash JP Morgan buy silver campaign, and we got the price of silver from $15 up to $50. So we got it up to $50 level. And then the Fed of course came in, they changed the laws overnight to make it possible for these banks to have and carry a much greater short position and silver. So they printed up a lot of paper, silver derivatives, and they stopped the run on their bank. And the price of silver went back down to $15 or so. So we've seen that it is possible to force capitulation in that silver market. But at the end of the day, because the ability to pull private keys is not like it is Bitcoin, I don't think it'll ever succeed. Whereas with Bitcoin, you can pull your private keys. Now, I mean, he is speaking facts right here. Warren Buffett and his own words has said, derivatives are financial weapons of mass destruction. The central bankers are using it to manipulate the markets. That's what they're doing with silver. That's what they're doing with gold and precious metals. And Max makes a great point. They don't want the gold and silver prices to rise up. It undermines the US dollar. They're trying to keep a strong dollar, right? So that's why gold has been pretty stable at like $2 ,000 and unable to really climb much above it. I think it's been pretty stagnant virtually for the past decade. So with the dollar inflating from them continuing to print trillions of dollars, the fact that gold isn't just continuously going up, it proves that the market is manipulated. You also got to consider as well, there is no scarce asset like Bitcoin. Bitcoin has a finite limited supply of 21 million coins. Yeah, gold may be rare or scarce, but they dump a new supply every year into the market. They can control it. They could invest more into discovering more gold. As Jack Mallers pointed out, Elon could maybe discover more gold on Mars. Who knows? Bitcoin, you can't say the same thing. Bitcoin is perfect money. It's incorruptible. It's unconfiscatable and the list goes on and on. So if you had the choice to put your wealth somewhere, what asset class would you choose to put it in? Let me know, fam. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
A highlight from How Impactful Will FTX Estate Selling Be on Crypto Markets?
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Friday, September 15th, and today we are talking about how much pressure FTX selling will put on the crypto markets. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello friends, happy Friday. We have lots to catch up on today, starting with what has emerged as a key narrative. That is, of course, that FTX has been granted approval to begin selling their crypto assets. On Wednesday, the bankruptcy judge ratified the sale plan, which was filed in late August. Galaxy Digital has been appointed as the selling agent. At last count, FTX said it had $3 .4 billion worth of liquid crypto assets to sell. Galaxy has been authorized to sell $50 million worth of crypto this week and next week, then $100 million per week after that. Creditors can agree to increase this amount to $200 million per week on a temporary basis before seeking court approval. Galaxy has also been given permission to hedge their sales using Bitcoin and Ethereum derivatives without sizing limits and at their sole discretion. Staking of assets will also be allowed if Galaxy deems it necessary. During the hearing, the judge questioned the need to sell crypto rather than distribute it directly to customers. FTX lawyers explained that there was no meaningful segregation of customer assets and balances held didn't line up with customer accounts. They said, quote, it's all part of one pool. There are assets that are associated with the exchange we call the dot com customer pool and the US pool, but they don't necessarily match customer entitlements. So when we dispose of this, we'll be turning it into cash effectively and the cash will be available for distribution pursuant to the plan. Now, all parties appeared concerned with getting this liquidation moving quickly while also limiting the price impact on the portfolio. A lawyer representing the ad hoc creditors committee said, the sooner we can get this process rolling, the better. Now, the speculation all over Twitter has of course been that this would lead to incredible downward price pressure across the crypto markets with any asset that was being sold. However, Jeff Dorman, CIO of ARCA pushed back on notions that this liquidation will be an uncontrolled dump. Here's a summary of his Twitter thread. He pointed out that Galaxy Asset Management, not their trading desk won the bid. They must act as a fiduciary and sell gradually and opportunistically. He pointed out that Galaxy is receiving massive amounts of reverse inquiry already, some from real funds and some fishing expeditions, but over the counter sales will dominate the buying. In other words, we're less likely to see a lot of selling on exchanges or via TWOPS. As good bids come in, they will engage. Hedging, he points out, will be opportunistic, i .e. long puts to offset a large drop in the portfolio. And he points out that people thinking that Galaxy will rush to sell $3 billion in futures right away is crazy. The goal, he points out, is to outperform a static portfolio, not turn the estate into a long short fund. He reminds that Galaxy cannot front run the sales and profit internally, that that is very illegal and that their asset management business is completely walled off from their prop desk. Finally, he points out that this is not some half -baked plan. It involved months of working with the courts to win this business, and that the point of bankruptcies is to maximize the upside of the estate, not speed of distributions. In other words, this may be capped short -term gains due to opportunistic sales and to strength, but it is not a fire sale into weakness. Now getting even more granular, much of the speculation in recent weeks has specifically surrounded how sales of the hefty FTX Solana portfolio will impact that market. In their most recent accounting, FTX said they hold $1 .1 billion worth of Solana, which is able to be sold. That would be around 14 % of the current market cap. It was previously believed that much of this supply was staked and would be unlocked between 2025 and 2028, although the latest FTX filing threw this into question by lumping all of the Solana holdings in together. FundStrap published a report earlier this week detailing the FTX crypto holdings and claimed that less than $150 million worth of Solana is liquid and able to be sold off. Now, ultimately, no matter what people say, it's going to be very, very hard to get people away from the concern that this amount of selling will impact the market. Liquidity is incredibly thin right now, and probably the best that we can hope is that some of the negative price action over the last few weeks has been in anticipation of this and trying to front run it. But ultimately, the only way out is through, and so we just have to deal with this as the next thing we have to deal with. Now moving over to that other big exchange, two more Binance US executives have joined the exodus from that embattled company. The head of legal, Krishna Juvadi, and the chief risk officer, Sidney Majalia, are leaving the company according to WSJ sources. Juvadi was one of the firm's main contacts for communicating with the SEC, which is currently in active litigation with Binance. This makes three executives reported to be jumping ship from Binance US in less than a week. Remember on Tuesday, sources said that Binance US CEO Brian Schroeder had left his position. Now, Schroeder has not been active on social media since February, leading some to speculate on whether reporting was simply catching up on events that had quietly transpired much earlier. According to a company spokesperson, chief legal officer Norman Reed has stepped in as interim CEO. Bloomberg ETF analyst James Safart said the obvious thing when he tweeted, well, this cannot be a good sign for whatever is going on at Binance. On the flip side, crypto has at this point, I think, written off Binance US as a going concern. The Flow Horse writes, why does anyone care about Binance US employees leaving? They don't have a job to do. The exchange is a placeholder and no one uses it. Proof of Talent founder Rob Hayon writes, Binance US doing $9 million in 24 hour volume right now. At what point do they shutter the doors? Gotta be soon, right? Now, staying on the Binance train for a moment more, the SEC have accused Binance US of refusing to cooperate during the discovery process of their ongoing lawsuit. A court filing made on Thursday noted that only 220 documents had been produced by the exchange. Binance US had signed a consent order regarding the scope of discovery in June, but the SEC are claiming that many of the documents produced in accordance with that order, quote, consist of unintelligible screenshots and documents without dates or signatures. The SEC noted that Binance had refused to produce essential witnesses for depositions, including former CEO Brian Schroeder. Instead, they unilaterally limited the list of witnesses to just four employees. The SEC said that Binance US quote, has responded to requests for relevant communication with blanket objections and has refused to produce documents kept in the ordinary course of its business, claiming those documents do not exist only for the SEC to later receive such documents from other sources. Now the bulk of the SEC's filing related to SEFU, the wallet custody system at Binance US, which is provided by Binance International. The regulator called attention to contradictory statements about Binance's involvement in the management of US customer funds. They argued that the usage of SEFU violates the terms of a prior agreement that Binance US customer funds would not be diverted offshore. The heavily redacted filing also included information obtained by the SEC with the cooperation of a former Binance US auditor who has provided over 6 ,500 documents related to Binance's accounting. The SEC are treating the lack of disclosure of these documents from Binance US directly as evidence of a lack of transparency. Now continuing on the cleanup theme, three Eros Capital co -founders, Kyle Davies and Suzu have been slapped with a nine year ban from the regulated financial services industry in Singapore. The pair have been prohibited from taking part in the management of or being a major investor in any regulated firm involved in capital markets. Now MAS, the Monetary Authority of Singapore handed down the ban after concluding its investigation into the collapse of the once high flying Singapore based crypto fund. They found that 3AC had failed to notify the regulator of the appointment of a new fund manager, falsely claimed that this manager wasn't conducting regulated activities and failed to have in place appropriate risk management. MAS assistant managing director of policy payments and financial crime said in a statement, senior management of fund managers are required to implement robust risk management measures to protect the interests of investors. MAS takes a serious view of Mr. Zou and Mr. Davies flagrant disregard of MAS's regulatory requirements and dereliction of their directors duties. MAS will take action to weed out senior managers who commit such misconduct. Now, alongside spending much of the last year ignoring requests to engage with the 3AC bankruptcy process, Zou and Kyle launched a new offshore exchange based in the Seychelles. However, that crypto and bankruptcy claims marketplace was recently reprimanded by Dubai authorities for advertising within the emirate. They were issued a $2 .8 million fine, which big surprise remains unpaid. Moving on to yet another hanging chat on Wednesday, Digital Currency Group formally proposed their Creditor Agreement as part of the Genesis bankruptcy. The agreement seeks to refinance a $630 million intercompany loan owed by DCG, which fell due in May and remains unpaid. According to DCG, the plan could offer, quote, all unsecured creditors a 70 to 90 % recovery with a meaningful portion of the recovery in digital currencies. DCG claimed the repayment of loans over time using crypto would allow creditors to, quote, capture the appreciation of cryptocurrency up to $85 ,000 for Bitcoin and $8 ,500 for ETH. We'll come back to that in just a moment. DCG called the deal a, quote, remarkable outcome for any liquidating Chapter 11 case, let alone one in the volatile cryptocurrency industry. Now, the deal will, of course, require the agreement of creditors before moving forward. DCG have secured the consent of the unsecured creditors group. However, the major creditor, Gemini, have so far been silent on the deal. Gemini claims to be owed approximately $1 .1 billion in the bankruptcy on behalf of hundreds of thousands of their customers. The Gemini claim is in a much stronger position than unsecured creditors, as Genesis posted about 31 million GBTC shares as collateral when taking loans from Gemini customers. This collateral has appreciated significantly since the bankruptcy and represents about 60 % of the total balance owed to Gemini. DCG indeed claimed that Gemini customers could see an excess recovery of up to 110 % under the new agreement. They wrote in their filing, at current pricing, the Gemini user collateral is worth approximately 607 million. If Gemini agrees to provide 100 million to Gemini earned users under the proposed agreement as it previously did, or to distribute even a small portion of the Gemini user collateral to Gemini earned users, there would be little doubt Gemini earned users would receive a full recovery. DCG then contended that Gemini is failing to, quote, put its money where its mouth is. The filing stated that Gemini, quote, is not contributing a single penny to provide Gemini earned users a better recovery. Now, the crypto community was not as convinced as DCG made it out that this was a great deal. Lumina Wealth CEO Rama Lawalia writes, The deal between DCG and Genesis reeks of self -dealing at worst and incompetence at best. The deal presumes an $85 ,000 for Bitcoin and $8 ,500 for ETH. The defaulted party should make the creditors whole, not speculate yet again on a risky gamble on behalf of creditors. Creditors lent money expecting credit risk, not volatile equity -like risk. If DCG truly believes those numbers, they should ensure that outcome for creditors through an options contract. Genesis creditors should seek the removal of the Genesis CEO, who was conflicted in a party to the alleged fraudulent balance sheet statements, petition the judge to have a new trustee, pressure Genesis to focus on the turnover motion and resume litigation. What a mess. Now, speaking of Genesis, Genesis will also cease all trading services according to a company spokesperson. If you're surprised to hear that Genesis's trading services were continuing, you're not alone. Although the crypto lending arm of the firm declared bankruptcy in January, many other DCG subsidiaries which shared the Genesis branding continued to operate throughout this year. Earlier this month, the Genesis company which handles US -based over -the -counter trading announced it would be shutting down throughout September. At the time, it was believed that Genesis would continue providing offshore OTC trading from their British Virgin Island companies, but with this announcement, Genesis has signaled their exit from OTC and derivatives trading globally. A spokesperson for the firm said, this decision was made voluntarily and for business reasons. With this termination of services, Genesis no longer offers trading services through any of its business entities. Now, while this was highly expected, it still marks something of a big moment. Wayne Vaughn tweeted, the former largest OTC crypto trading desk is officially closed. Genesis announced today that they are no longer offering trading services through any of its business entities. Seems like a juggernaut falls with every cycle. In this cycle though, friends, I think we can agree that numerous juggernauts have fallen, but perhaps it is just to clear out the way for companies who will use that juggernaut status a little more responsibly. Anyways, friends, that is going to do it for today's episode. I appreciate you guys listening as always. Until next time, be safe and take care of each other.
Monitor Show 15:00 09-13-2023 15:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. The call on this day that military funding couldn't even get a debate in the house. We could be heading for a shutdown sooner than later. On to New York now. See you then. Bloomberg Business Week starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Business Week. Insight from the reporters and editors who bring you America's most trusted business magazine. Plus global business finance and tech news as it happens. Bloomberg Business Week with Caro Masser and Tim Stenebeck on Bloomberg Radio. Interactive Brokers Studios in New York. We're streaming on YouTube and Bloomberg Originals. It's Wednesday, September 13th, 2023. I'm Tim Stenebeck along with my co -host Bloomberg TV correspondent Simone Foxman in for Carole Masser once again this afternoon. Simone, good to have you back with us. Glad to be back. How are you? Happy CPI day. Happy CPI day. I mean, Mark, it's kind of yawning, right? Yeah, I think that's a really good way to describe it. We're seeing small moves from stocks, bonds, the dollar. We're actually seeing the Dow down about two tenths of one percent. The S &P 500 up fractionally, the NASDAQ up by more than two tenths of one percent. I really like how Chris Zaccarelli, chief investment officer at Independent Advisor Alliance summed it up to our Bloomberg news team earlier this morning. He said, inflation is high enough to keep the Fed still in play, but not hot enough for a shift away from the quote Fed is almost done narrative. So interesting. A shrug emoji.
A highlight from S13 E07: Sardor's Journey and Jafton.com Excellence
"Hello, welcome to The Loney Show. I'm your host, John Mayolone. In this episode, don't have regulars because reasons as always, sadly. As for our guest, he's from Tashkent, Uzbekistan, currently in Miami, Florida. He's a serial tech entrepreneur and a public speaker, currently holding a position as a CRO and managing partner at Jaffton .com. Ladies and gentlemen, I give you Sodor Akhmedov. Hey Peter, thanks for having me on. Anytime. So, how's life? It's great, yeah. Super, super good. Very grateful to be where I'm at right now with everything both professional and personal life, so can't be happier. Alright, fabulous. And have you been up too much recently? Up too much? Yeah, I mean, meaning like what I'm up to these days? Yes, what are you doing right now? What am I doing right now? Yeah, a lot of things. So mainly work -wise, busy with currently scaling our sales, hiring more people for our agency and making sure that every lead that we get is being serviced properly. That's my main thing right now outside of that, running a weekly AI event, networking, helping others find a community, building a community, all the AI enthusiasts and professionals here in South Florida. And yeah, that's mainly what I'm doing right now. Alright, fabulous. And what was life like growing up? What was life like growing up? So I grew up in Uzbekistan. I came here to the US when I was 16, nine years ago, and I've been a student here in a couple of years and then I dropped out. I went into work here, but I grew up in Uzbekistan and it was a good life. I mean, I've been fortunate to have great parents that gave me good education, gave me a set up for life type of thing. And yeah, it was a good childhood. Well, that's nice. And in terms of your journey, what inspired you to take the path that you're currently on right now? So yeah, to me, I'm in business, I'm in technology, both of these things. I think, first of all, the entrepreneurship, the business route, to me, that was more inspired by my father who is also in business. He's a businessman himself and I think his journey inspired me to do the same because I always wanted to be like my dad. I really wanted his attention and I looked up at him and I think I chose entrepreneurship as my path because for as long as I remember myself, I've always wanted to be an entrepreneur. And as far as technology, I think it was more of a thing that when I was growing up, it was the time of the rise of personal computers and internet in our country. So it was a very limited throughout access the country to internet and technology. So I really liked spending time on a computer playing video games, but I had a very limited access because my parents never got me a computer thinking it's not good for your health. So I think that kind of kicked me and pushed me to be passionate about technology. So those are the two, I think, reasons that inspired me to find my passion and stick to it unconsciously at that time. And now I think it's actually been a gift to me. Fantastic. And have you ever thought about going back to Uzbekistan and do business there at some point? In a way, yes. I mean, not necessarily doing business there. I mean, currently my business is also involved with Uzbekistan in a way that our current employees and developers are mainly in Uzbekistan. So even though we don't sell to Uzbekistan, we source talent from there. So definitely, I would say, legally also, we have a company there registered. So yeah, I definitely have like a business there, but it's not necessarily selling to Uzbekistan, but it's more like exporting Uzbekistan's talent. Oh, okay. I can see that. So if you could live like anywhere in the world, where would it be? At the current moment, it'd probably be the same place where I'm at right now. If we're not talking any fiction, if we're talking fictional places included, then I'd probably say New York City, but with a combination of Miami weather. Alright then. If you were to start another business, what kind of business would that be? It'd probably be, at first, also an agency, similar to the business I have right now, but maybe more specialized in a different type of development. Or it would probably be like a marketing agency. That's second option. But honestly, it's hard for me to imagine like what I would start right now, because I'm so deeply ingrained within this current business. There are certain areas that I'm passionate about that I would want to go long term in, which is like the part, consumer social like building my own social media app. But that's more longer term down the road. But yeah, if we're talking again, ideally, that'd probably be like the end goal is to build my own social media app. Oh, that's pretty cool. Where do you see yourself 20 years from now? 20 years from now, I actually do see myself, yep, have successfully built a social media application that is globally renowned and big, bigger than Facebook and Instagram and all these. That's where I see myself career wise, family wise, I see, you know, having kids and having a pretty big family, and being able to spend as much time as I want with my family, probably be on a personal level, goal wise, and being able to start more of social projects, in terms of live social projects, you know, bringing people together creating communities, I love doing that. So doing what I'm kind of doing now, but more on a bigger scale of like, you know, hundreds of millions, if not billions of people impacted by that. Ah, very good. If, if you could ask one question, and you want to know the unfiltered truth to it, what question would you ask? From anyone? Yes, from anyone. unfiltered truth to any question. Interesting. I probably want to know who runs the world. Hmm, I would want to know that question, too. Yeah, it's definitely an intriguing one. Yes, it sure is. What should they teach in high school, but they don't? Many things, including personal finances, how to do proper budgeting, and how to understand certain financial structures, and things like that. I wish they taught that at school, doing your taxes properly and everything. And that would probably be the biggest thing. And then I would say also maybe starting an actual business, not like working for a business, necessarily, but actually starting as an entrepreneur, starting your own business, and understanding capitalism properly, through that. Okay, so those things, I would say, yeah. Yeah, absolutely. What has taken you the longest to get good or decent at? Can you repeat that question? What has taken you the longest to get good or decent at? Hmm, the longest to get good and decent at? Hmm, that's a good question. Probably being disciplined. You know, it was a hard take for me. When I moved to the US, it was like difficult to stay disciplined and living on my own. So that's probably been a long shot for me. Yeah, I absolutely agree. Discipline is always the key. Yep. If you could, sorry, go on. No, she said, yep, I agree with that. Okay, yeah, indeed. If you could see one movie again, for the first time, what movie would that be? If I could see one movie again, what movie that would be? It's only one that would probably be Mr. Nobody. All right, then. If you had a song every time you entered the room, what song would that be? Probably All The Way Up. Nothing Can Stop Me. I'm All The Way Up. Oh, that's a good one. Yeah, that's a good one. Yeah, sweet. What improved your life quality so much you wish you did it sooner? Very question. Give me a second to really think of this one. Probably. Yeah, moving to Miami. Actually, I wish I did that sooner. Not too soon, because living in New York also helped me. But living in Miami has been one of the top choices that I made that has been definitely a really good improvement. Yeah, it's great to live in warm climates. 100%. Yeah. Oh, yes. If someone wrote a book about you, what do you think its title would be? I'd want it to be titled with my name, which literally means leader. So I want to stand for leadership and title would be something along the lines of leadership. And how, you know, to actually be a good leader. Fabulous. What's your favorite season? Summer. Oh, yes. It all makes sense. You're in Miami. You love it there. Exactly. Why wouldn't it be summer? Yeah, that's why I moved here. Yeah, I definitely understand that. Yeah. What's the best way to start the morning? Doing your workout in the morning. It's something that I barely do myself, to be honest. But I think it's like, by far, usually the most amount of energy in the morning. Oh, yes. It's always good to stay fit. Yeah. Every day, any day. 100%. Yeah. If you could get an exotic pet, what kind of companion would you like to have? Exotic pet. Yeah, I'm not too much into pets, but if I were to get an exotic one, especially, it'd probably be maybe a lizard. Plenty of those here, but it'd be interesting to have one. The tab that actually, I don't know if that's called a lizard, but the tab that actually changes colors depending on the environment. Ah, okay. That'd be pretty cool. Yeah. Yeah. I was always fascinated as a kid by those when I saw them on TV. All right, then. If you could get rid of one holiday, which one would you get rid of? I'd probably get rid of, in my culture, we celebrate, we call it properly now, the May 9th as like the Memorial Day. But in a lot of Russian -speaking countries and Russia itself, they call it the Victory Day, which they mean that the Second World War, victory of Soviet Union. Which I actually disagree with because it is almost like celebrating war. So I'd probably get rid of that one. Oh, yes. Yeah, that's understandable. Yeah. And I would rename it to Memorial Day everywhere because it's good to memorialize the people who have gone through the war, but not necessarily celebrate. There's no winners in the war. That's what I think. Only losers. Exactly. Yeah. What is one app that you hate so much, but you still use it anyway? Plenty. Probably the top ones would be something that has to do with the government services. That really sucks, but we have to use it. So utilities app, any government utility apps are pretty bad. They're outdated and I wish they were remade. I would probably, you know, I have to use it because I have to pay my bills, but they completely are not good. Yep, absolutely. You've got to get somewhere in life. What's your favorite quote? Oh, there's many. If I were to name one, it would probably be around systems that you don't rise to the level of your goals. You fall to the level of your systems. So that's a quote by James Clear who wrote Atomic Habits. And it's a fascinating quote because it makes you realize that, you know, you may have big goals all day, but if you don't have proper systems in place, that ain't going to happen and you're not going to achieve anything. Ah, very inspiring. Thank you. You're welcome. If life is a game, like some people say, what are some of the rules? What are some of the rules? I think all the rules are pretty much, I mean, they're all made up by us, by humans. But obviously there are some common sense things that I think everybody has to follow, such as being respectful. I think that is a rule to play long term in this life and being respectful to others. And thinking of them when doing certain actions, anything you do toward, that involves other parties, to consider their feelings, to consider their interests. I think that has to be a rule and it will always be a rule in life. But if it were truly a game, the rules, I mean, that's the beauty of life, unlike a game, right? I mean, every part of life you go to, you get to experience different rules. I think for me, for my game though, the rule number one would be actually that you can create your own rules. And you can have your own quote unquote game that you can create in this world and have your people play by those rules. Like we create companies, you know, we create cities, countries, regimes. So that would be my number one rule for this game that I learned, I think, is that you get to create your own rules. Nice. Would you rather not be able to open closed doors or not be able to close open doors? I would rather not be able to open closed doors or close opened doors. I hate open doors. I mean, when they're left open when I'm inside, at the same time, if I'm not able to open closed doors, that's also problematic. So that would probably be worse. So I would actually choose rather being able to open closed doors and not being able to close opened doors. And so that would make me very thoughtful of what I choose and what doors I open. Ah, all right, then. Brilliant. You're welcome. What is your usual from your favorite fast food place or a place where you eat normally? Yeah, I don't really prefer fast food, but if I were to name my go to place for something that I want a quick bite of. I'll name two because I live in two countries almost. So in Uzbekistan, I would do plov, which is the traditional Uzbek food. And in the US, I would probably, in Miami, I would choose kausa, which is this Cuban dish with potato. Ah, sweet. What's your favorite kind of dessert? Oh, probably ice cream. And to be more specific, rocky road ice cream. Oh, nice. That's pretty cool. You're welcome. What fictional item do you wish you owned in real life? Harry magic Potter's wand. Probably would be one or actually, no, no, I take that back. I would want to own Iron Man's flying suit. Okay, that's pretty cool. Decent. Thanks. You're welcome. What has been the longest trip you have taken? Longest trip I've taken? Probably the trips I make quite often actually. I don't think I've done anything longer than that yet. Is when I go from or to Uzbekistan from the US. I mean, it's very long flights of like total travel time of over 30 hours. Wow. That is madness. Yes. That's very long. That's like over the double the time duration it takes for me from where I am from to visit my family in Brazil. That's like... Yeah. But it's with the stops, I'm saying. You'd be stopping and you'd be flying for like 12 hours, stay in Turkey, and then after a day fly again for another six hours to Uzbekistan from there. Total flight time is 18, but I'm saying like if you stay in Turkey for like 12 hours, which I usually do... Oh, layovers. Yeah, that's why I'm counting too. So yeah, 30 hours of flight would be madness. Yes, I would not stand up for something like that. That is crazy. That's like a whole day. Yeah, you could probably make a whole round trip around the globe in that time. Yeah. If you had to bury a treasure chest, where would you hide it? On the second page of Google. I love it. That's a good answer. No one would know who goes that far in Google. So that's a good place. If you see a puddle on the ground, do you walk around it, over it, or through it? Is it a puddle? Yes, a puddle on the ground. Puddle on the ground. Is that like you're saying like a hole? Not a native speaker, sorry. That's alright. I'm talking about like, you know when it's raining and there's like, there's a bunch of wet puddles that like minute, very small ponds. Oh, I see. Yeah, those kind of puddles. Okay, okay. Puddles. Now walk over it, through it, or what's the third option? So around it, over it, or through it. I jump would over it. Okay, that's cool. Yeah. What is something popular now, but in five years, everyone will look back on it and be embarrassed they even liked it in the first place? 99 % of AI tools that are popping up, maybe. No, I'm kidding, but probably, hmm, I hope smartphones, because there's going to be better alternatives with the glasses and augmented reality. Oh yeah, of course. Technology is a good thing, but it does have its downsides and concerns. Yeah. What app can you not believe someone hasn't made yet? Oh, there's many have a ton of ideas for those, but if I were to name the latest I've been thinking of, that would be a marketplace app where you can hire offshore professionals on demand. And on a monthly basis, so I think there's a huge opportunity in offshore arbitrage that is still not being utilized. Many people that live in the first world countries like US, Canada, UK, Australia, they have very expensive labor and a lot of people are either overpaying or they're not able to afford a virtual assistant. And somewhere in Uzbekistan or Philippines, you can hire a virtual assistant for $400 a month and get a really good quality virtual assistant. So on demand, any kind of offshore work outsourcing app. Quality? That would benefit so many people in many ways in one. Yeah. We create opportunities for people that want to work online and for those who want to hire people online, but pay less than they would pay in their own country. That makes a lot of sense. If your mind was an island, what would it look like? It would probably be a very unique island of a lot of trees, dragons, water, sand, a lot of parties, a lot of science labs on that island too. And a mix of a ton of different things that you wouldn't be able to put in one island. Okay, cool. If you could travel back in time, what decade would you want to live in? I think we live in the best decade now and I'm very happy with how we ended. So if anything, I'd want to travel more further in time. But if I had to go back, you said decade, right? Not a century. I would probably want to see the time when the Scientific Revolution started, that decade of the 16th century around that time. So anywhere in the 16th century when the Scientific Revolution was at its peak. Okay, I could agree to that. Would you consider yourself to be an extrovert or an introvert? Extrovert. Sweet. Would you rather be able to breathe underwater or have the agility of a cat? I'll breathe underwater by all means. Okay, yes, I would choose that too. Yeah, so much more to explore. 70 % of the earth is water. Yeah, there's so much you can explore, especially the Mariana Trench. Yep, exactly. Yeah, sweet. What is something you can never seem to finish? Something I never seem to finish? I would probably say, up until recently maybe, setting up my new office, but I'm almost done with that, so I'm proud of that. Ah, alright then. Would you rather be transported 500 years into the future or 500 years into the past? I thought I was in the future for sure. Me too. The technologies that could have been invented by that time. Exactly, yeah. Oh, we would benefit so much from that. Yeah. 100%. Yeah. And that is all we have for this episode. It was great having you on, Sodor. Talking about your journey, where you're from, Uzbekistan to Miami, you worked as a serial tech entrepreneur and a lot of other things. It's been fabulous. Thank you so much for having me on, Peter, and I really enjoyed it. It's definitely not a conventional podcast that I've been on before, so this was a very interesting experience for me. Thank you for having me on. You're welcome. And until next time, stay tuned for more.
A highlight from Ep372: The Difference Between Successful People
"Whatever is for you, I need you to think, need you to consider. As soon as you're done listening to this episode, I need you to ponder for a little bit and think to yourself, what is it that I need to make a decision about and just stick to it. 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. Hey, podcaster. It's your host, Adam Adams. And I want to talk about something that successful people do a little bit differently than less successful people. And that is making a decision and sticking to it. So this episode today is going to be short. It's going to be a what it means to you, what you need to do in order to get it. Successful people make a decision and then they take action on that decision. Less successful people, those of us that struggle, we are reluctant to make that initial decision. We move through it and we kind of try a little bit of stuff, but we never commit. We never really go full bore. Think of a rhinoceros, think of a rhino at the African jungle. They will put their head down and they will charge. They just put their head down and charge. They make a decision. They commit to it. They go forward and they bulldoze everything out of their way as they do that, as they put their head down and they stay committed. So I'm encouraging you today, whether you need it for your podcast, to hire a company like ours, to take off all of the hard stuff, like the post -production and all of the graphics and emailing your guests for you. Maybe you need that. Maybe that'll help you save 12 hours a week. Or maybe you need to start doing some marketing for your company. Maybe it's that you need to start doing social media more. Perhaps you've avoided social media because you're afraid. You're scared. You're not sure. You're a little timid. You're like, I don't want to offend anyone. So I'm not sure if I want to do this on social media, or I'm not sure if I got the money. I don't want to pay for some marketing. I can do it as good as I need it to edit my own podcast. Now I don't mind spending those 12 hours a week editing one episode. And so I'm not going to do that. Whatever it is for you, I need you to think. I need you to consider. As soon as you're done listening to this episode, I need you to ponder for a little bit and think to yourself, what is it that I need to make a decision about and just stick to it. I'll be a little vulnerable and be honest with you about something that I'm doing. And I went and did my bodybuilding competition. And then in the next day and a half, I think I gained 16 pounds from 186 or 0 .9, like about 187 pounds up to 203 pounds in just the next day. It was like the afternoon of the one day and then the evening of the following day, I gained 16 pounds. Yeah, of course it can't all be fat. It can't all be muscle. It can't all be water. It's a combination of things. I probably ate a lot of food. It got stuck in my gut. I was probably on a calorie deficit. The point being that I gained it real fast and then it was hard to get it off. It was hard to get those 203. I'm not now back to 187. I'm not yet there. It's going off much slower than it came back. It's going off much slower. And I was reluctant. Listen, this is today's takeaway. I was reluctant. I felt like I put my heart and soul into fitness for so long. I counted calories. I ate many, many meals a day at exact times of the day. I worked out six days a week and it got great results, but I was tired and I wasn't ready to commit. I hired a strength coach and I wasn't quite ready to commit. And so I was kind of flopping because I didn't make a decision and stick to it. Now, just a couple of days ago, I'm recording this on a Saturday and on Wednesday is the day that I went to the gym and I got there and my heart wasn't all in it. And I was trying to ask myself, should I just leave? Should I just quit? Should I just not do this new challenge of strength? It's basically a CrossFit total. Anybody knows that it's like powerlifting. So I'm looking for a CrossFit total of a thousand pounds or a powerlifting total of 1 ,125 pounds. Those are my goals. And I hired a coach to do that, but I'm floundering. I go on a vacation. I was in Tulum this week and I came back on Tuesday and on Wednesday I was feeling like, I didn't work out on Monday because I drank too much on Sunday night. And so I just didn't feel like working out on Sunday, excuse me, on Monday. And then on Tuesday it was like a travel day. So I did not sleep hardly at all because I wanted to make sure that I caught my cab on time. So I got two hours of sleep and then we fly, then we drive and then we fly and then we land. I get home and I did not feel like I had the energy to go to the gym that late. And so Wednesday comes around an option in motion stays in motion, an object that's stagnant. Usually we'll just stay stagnant. It's hard to change inertia. If something's moving, it stays moving unless something physically stops it. If it's still, it stays still unless something physically moves it. And after a Monday and a Tuesday, I got into that, I feel like I'm staying still place. And I have dedication. I have discipline. So I showed up, but with a pissy attitude, with a I don't want to be here attitude. Am I even sure I want to do this? And so I contemplated and I thought, and this is what you're going to do after you listen to this episode. And I thought about my fitness and what my real goals are and why would I do it and why wouldn't I do it? And it was then and there that I made the decision that I'm going to enjoy it. And so I smiled. By the way, when you smile, you release endorphins in your body that makes you happy. Using your smile muscles releases, what is the best way to say it? Releases oxytocin. Oxytocin. Oxytocin. Oh my gosh. I can't talk. Oxytocin. And now all of a sudden you feel happy and healthy. So I did that. I made the commitment. I made the decision. I said, hey, I shouldn't be doing this. I feel stagnant. It's not easy to get started moving when you've been still for a while. Now this works with your podcast. This works with your business and certainly works with your health or religion or your family. In this case for me, I'm using my health as example, but for you, when you leave this podcast, it might be religion or family or health or your podcast or your business. I need you to make a commitment to do something and to go full bore in it. I committed that I would enjoy the gym. And so I got a new energy just after I smiled and after I decided I got a new energy. And then I went back the next day with vigor, with enthusiasm, and I crushed it. I got done with all of my workouts much faster than I normally do because I was excited about it, because I tricked myself the day before, because it kicked my ass and got myself in motion. And now I'm staying in motion. Friday, same thing. Go back. Today's Saturday. I'm halfway tempted to go. I want to go. I'm like, this is great. I don't want to take a day off. I love it. I love the way that I feel after I go. And you're going to love the way after you hire my company to support you with your podcast. You're going to love the way you feel. You're going to say, this is great. Why didn't I do it sooner? You're going to love the way you feel when you make those sales calls, when you follow back up with the people that you already did us a discovery call with. When you do that, you're going to feel better. When you go to the gym, you're going to feel better. When you call your mother and you're like, hey, I know we haven't talked in a while, you're going to feel better. And now you're an object in motion and you're likely to stay in motion. So the difference between successful people and non -successful people is that they make a decision and then they stick to it no matter what. Tony Robbins always says, the only way that you're going to take the island is if you burn the boats. You and your Vikings come to take over an island. You keep your ships there. You've got a way out. But when you're decided and committed that this is the thing you're going to do no matter what, you get rid of plan B and you just do the thing. I'll see you on the next episode. Oh, hey, because three of my their podcasts 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 $2600 a month. Another one $4500 a month. And the third is making between $5000 and $10 ,000 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 $2600, $4500 or between $5K and $10K 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.
A highlight from S13 E05: Randi's Upcoming Releases and YouTube Journey
"Hello, welcome to The Elone Show. I'm your host, John Mayelone. In this episode, don't have regulars, because reasons, unfortunately. Anyway, as for our guest, she is from Canada, not so well, but we'll find out eventually. She is an author and a YouTube host. Ladies and gentlemen, I give you, Randi -Leigh Braunslaff. Hello, I'm from Ontario, Canada, pretty close to the border of the States. Alright then, that's interesting. So, how is life? You know, good days and bad days, but life is pretty good overall. Ah, very good, very good. And have you been up too much recently? We went camping a couple weeks ago, and we went to the zoo this past weekend, enjoying summer as it comes to the end. Ah, alright then. So, for the new peeps, what do you do mainly, for a living? So, I mostly write books, and I host my own YouTube show. Okay. And with your YouTube show, how long have you been doing that for? About two years, there's over 150 episodes now. Alright then. And with your author work, how many books you have written or are currently writing so far? I probably should count one of these days, but over ten now. So, I have five that are for adults, and then I have some more for kids. Alright then, interesting. I like to cross genres because it makes life a little more entertaining. Okay, I like that. Are there any particular genres you prefer or like writing in? I really love writing in non -fiction. That's what I mostly write in. And then I really do like the kids' books just because it gets a little more fun after the heavy stuff. I can see that. What inspired you to become an author? I've always loved writing. I always said, even when I was like little, that I was going to write a book. And then in 2017, yeah, 2017 is when I published my first book. So, when that came, we were cleaning our basement. One of our grandparents had passed away. I can't remember if it was one of mine or one of my husband's, but we were cleaning the basement because of it. And I found a bunch of old stuff that I had written, old poems. I was like, oh, I don't want to throw these out, but I also don't want to keep them in my basement, so what do I do with them? And I turned them into my first book. I went, huh, I like this. And I kept going. Alright then. So, with your YouTube channel, how did that all start? Was it part of something or just built something along the way? So, I always said I was going to be a famous actor when I grew up. Well, clearly that hasn't happened yet. But I love talking to people. I love being on camera. It's all so much fun. And I love talking about mental health. A lot of what I write about is mental health. So, it just made a lot of sense to make it about mental health and to do it as a YouTube show. And that's because what I write about mostly, it kind of, again, it just all made sense. It all kind of goes together. Ah, very good. What should they teach in high school but they don't? Lots of things. How to think for yourself. So, probably because my kids are, one has graduated and one is about to graduate next year, I'm going to say how to rent your own apartment and really pay your bills on time and properly. Yes, I couldn't agree more. It's as far as I can go in agreeing something. Yep. What item has drastically improved your life? Heating pad. I'm using it right now and it is the most amazing thing ever. So, I have a lot of back issues and heat helps so much. Sweet. Makes sitting and writing for long periods of time a lot easier. It sure does. Have you ever had a paranormal experience? No one's asked me that. Off the top of my head, I'm going to say no, but I've never thought about it. I'm going to go with no. Okay. Sounds good, I guess. Well, I figure if I have to think too hard about it, then it couldn't have been that exciting if it did happen. So, must not have happened. Oh, well. There's always time, I guess. Exactly. You never know. Oh yes, indeed. What animal plant do you think should be renamed? Oh. Well, because I'm Canadian, I'm going to have to go with the Canadian goose because we already kind of renamed it here and it's a cobra chicken. Alright then. Have you heard of banana fricce? No. Well, do you want to try it someday? Depends what it is. It's a mix between this movie and a milkshake. Oh, okay. That sounds good. Yeah, I would try that. Okay. Yes, indeed. Nothing like twisting in there that's going to make me go ooh. Okay, fair enough. It sounds like it would taste good. What is something people are always surprised to learn about you? Um, that I was a Canadian kickboxing champion in 2015. Ah. Now that I didn't know about, that's a surprise to me. Exactly. That's why I had to go with that answer. That's a good point. Now, do you have any weird superstitions? Not Hmm. that I can think of. I want to have one. It sounds exciting to have one, but hmm. I don't think so. I think I'm boring. You can't be that bad. Maybe I just go with the flow enough that I don't need a superstition. Alright then. If your life was a meal, what kind of meal would it be? That's Hmm. a hard one. No one's ever asked me, but so a whole meal, not just a food, a whole meal. Okay, so I know what the dessert would be. The dessert would be ice cream because it's delicious and there is lots of fun in my life sometimes. The meal might be like spaghetti because it's really messy and it's delicious, but it's messy. And then I think the appetizer would be like a salad where it's like, you know, you should eat it because it's good for you. But do you really want to? You just want to get to dessert. Oh, that's a good point. Yeah. It's a nice three -course meal for the ups and the downs of life. Yes. Have you been on any interesting trips lately? Well, I mean, we did go camping. That was interesting at times. The most interesting thing that happened during the trip was, so my dog came with us. My dog is a lab. Well, we have three dogs, but the lab came with us and he was on a really long leash while we were at the campsite. And he runs around the car, scared of something, tail between his leg. I was like, what's going on? Oh, no. Is there an animal coming? And the back of the car was open. He jumps in and he's cowering. And then I noticed it's just a really big butterfly. And he was scared of the butterfly. Oh, dear. That's unfortunate. He's a big sucky baby. Yeah, I get that. If you could create your own job title, what would it be? Hmm. That's a good one. You've got some good questions nobody has ever asked and they're really making me think. So I usually just say author and YouTuber, but if I could come up with something else that's more creative, it could be like queen of the written word. Oh, queen of the spoken and written word, because then it incorporates both of them. Yes. And I'm a queen and can wear tiara. That speaks for itself, really. Right. Exactly. I love tiara. Yes, of course. What has improved your life quality so much? You wish you did it sooner. Hmm. Let's say the hot tub that we got, we bought a hot tub about a year and a half ago. And again, just because of like pain issues or whatever, it is just the quality of life is so much better after I've been in it because that I can move around again. So if I would have got it sooner, it would have made a bigger difference faster. Yes, absolutely. What was the worst hotel you have ever stayed at? Oh, I can picture in my head, but I can't remember what it was called, but it was just like a motel. Yeah, it was like, it wasn't a hotel. It was a motel and it was just really grungy. I'm trying to, it was years ago now and I can't even remember much about it, but I remember being fully disgusted by it and going, we need somewhere else. Oh, yeah. Uh, yeah, I can imagine right now is just, ugh, that's nasty. Exactly, that is totally the vibes. I feel it. Very tasty too, unfortunately. Yeah, it's all, it's all there. You just use your imagination. Yep, absolutely. If you had a tattoo right now, what would it be? Well, I have a few of them. Are you talking what I already have or something new? Well, whatever way goes, it works. Um, well, I don't know what new one I would get because I got two this year already. So I have a few tattoos. I have boxing gloves with autism pieces. I've got a butterfly with a semi -colon. Um, I've got a cross that my brother had, but this, oh, and I have drama masks, but this year I got, um, my kid, I got him to draw me the picture. It is of the cat I had, Diamond, because Diamond is a girl's best friend. And so it's a picture of the cat I had growing up and she's got little like, um, angel wings because she died and I was very sad. So I got a tattoo of her, um, on me and it's, it's definitely my favorite tattoo. Sweet. And it turned out amazingly, like the tattoo artist did it exactly how my kid drew it. And my kid did it exactly how she looked like all the different spots and everything on it is really good. Oh, that's nice. Yeah.
A highlight from 1239. Bitcoin ETF Approved By October? Bloomberg Intelligence INTERVIEW
"All right, so today we're going to dive into some interesting stuff. I think you guys are going to like it. It'll be breaking down some of the ETF news that, of course, we heard last week and, of course, some of the interesting aspects around what was going on with BlackRock. We'll break all that down today. I think you guys are going to love it. My name is Paul Baron. Welcome back into Tech Path. Joining me today is Eric Balshunis, who is a senior ETF analyst over at Bloomberg Intelligence. Great to have you on the show. Great to be here. Thank you. Hey, Eric. So a couple of things I wanted to kind of touch on. Obviously, some of the things that everybody was looking at last week was, of course, the delays. The letters started coming in on Friday. We saw all that happening. There was a little bit of a slowness of the BlackRock news. Just your opinion. Why do you feel like that was happening in the way that it was happening? Yeah. I don't understand because BlackRock was up after some other people, or before them, rather. And so it didn't appear as though the delays were chronologically rate -based. It didn't appear as though the delays were based on size. There was no rhyme or reason. It seemed random. And BlackRock came a little later. And the weird thing is, on the site where they consolidate all of them, BlackRock was never added. Yet, on a different place, they did delay BlackRock. So I've long equated what I'm doing here to Jim Garrison, played by Kevin Costner in the movie JFK. There's all these things that could be something, like did Lee Harvey Oswald act alone? And in the movie, he uncovers all this, some legit, some not legit, circumstantial evidence that there was multiple shooters and a conspiracy. So this reminds me of one of those things that probably means nothing in terms of that. That said, just the fact that BlackRock filed is big, and that does mean something. And obviously we can get into that, but certainly BlackRock getting delayed and Fidelity, it shows that they just delayed them all. For a minute there, there was a thought that would delay some of the smaller ones and just approve BlackRock and or Fidelity. But again, we had thought all along this was going to be delayed, because this lawsuit happened like two days before. So it was not a surprise. If they're going to put them out, I think they need more time to work with the issuers and develop some kind of a game plan and make sure all of the T's are crossed and the I's are dotted. So that would not happen in two days. So no biggie. All right. So you mentioned, obviously, the fact that BlackRock is filing in the first place. That's really the huge news here. When you look at BlackRock's position of filing, along with other major proponents, we'll just use there Fidelity as well. And you look at the likelihood with this, obviously, they have a very low ratio of losses when it comes to our non -confirmed ETFs that they've filed. What would make, first of all, what would make BlackRock to have this much confidence to go ahead in this market, the way that this market has been evolving with Chair Gensler and everything that's been happening with the SEC, it's not, it doesn't feel like it's a slam dunk. Why would BlackRock go out on a limb? Yeah. So we have a couple of theories. The best, I mean, BlackRock is a publicly traded company. They're looking to make money. Larry Fink has to appeal to his board that he's doing new things. And it does feel like BlackRock was full on into ESG. That kind of has died a bit. And it seems like this might be taking its place in terms of something BlackRock can do to grow its business, because you cannot make money battling Vanguard in terms of selling like cheap beta ETFs, because even at three basis points on $100 billion, it's not a ton of money and it's not a high growth area. It's growth for assets, but not necessarily for revenue. So we think they're obviously motivated by having a new area they can launch in. Vanguard will probably never launch a Bitcoin ETF, so they're worried about Vanguard there. They could charge a decent fee and they can make it have a new revenue stream. So I think that's largely their motivation. I also think Larry Fink, in my opinion, has heard some back channel that he thinks the U .S. is losing the sort of global battle to be a leader in the crypto space. And I think that frustrates him to a degree. So I think those are two reasons. Back to the revenue, though, think about this gold ETF GLD was launched in 2004, I believe. To this day, it's still the third highest revenue generating ETF, even though there's many cheaper ones. And the reason is, if you could be the big one that has all the liquidity or a lot of it, that gives you pricing power. You don't ever really need to lower your fee because there's just so many investors who just prize liquidity above all else. So we think BlackRock thinks they have a shot to be the one, the GLD of Bitcoin, and that that's going to be a nice little business for them. And we were talking, if it had the same assets as GLD, it would be, again, top five revenue generating ETF. GBTC, by the way, which isn't even an ETF, if it were, it would make the same money as GLD. So like two, GLD and GBTC are in the top five if you ranked all ETFs by revenue. And so I just think that's their primary motivation. I think they also like, what they tell you publicly is they're in the business of sort of democratizing investing and bringing down frictional costs. And I do believe they believe that and they would do that in this case. That said, I think revenue is definitely a motivator. Yeah, for sure. OK, so a couple of things you mentioned there. One, of course, is Larry Fink's position around ESG. He has been a very strong proponent of sustainable governance throughout the last few years. You know, in his letter to his investors over the past couple of years, that's been a big part of it. Now you move into Bitcoin. Bitcoin often accused as one of the most non -friendly carbon neutral tokens and projects out there. But yet at the same time, you have BlackRock potentially on the lead position here for an ETF. How do they balance that out? I get it that they've kind of backed off the ESG message. But how do you balance that out to the investors? Look, I mean, I'm just going to be frank. A lot of ESG, if you get too moralizing when it comes to ESG, it's tough because guaranteed you do something that makes you a hypocrite. It's just the way it is. So I think they backed off a little. And ESG ETFs haven't really sold that great. Even BlackRock took money out of its own ESG ETF from its models. Let's just face it. All this evidence is pretty strong that the term ESG is under pressure and ESG investing, I think, is also going to face some headwinds for like, what are we really doing here? How does it actually impact anything? It just, you know, I've seen this happen. This trend gets a little ahead of its skis. The media love this story. They really hyped up ESG. It's going to save the world. The millennials are into it. And then, boom, it started underperforming and it got political. And so reality set in and it's now going to be probably relegated to a very niche status in the ETF world. One to two percent market cap of the total. I mean, I look at it just in the sense of, hey, it's a capitalist market. Capitalists are going to do things that capitalists do, and that is find where the market flows. And this is obviously what's happening right now. A couple of things you had mentioned around the potential of this ETF going through. I know your percentage right now with you and James has been climbing. Have you changed your position since last Friday before the holiday in terms of percentage of approval? No. Seventy -five percent factored in the delay on Friday. We assumed that. We'd be shocked if they approved them. That said, we went from 65 percent to 75 after Grayscale. And the reason for that is in our 65 percent, we had a 70 percent chance likelihood that Grayscale would win based on our senior legal analyst. So the fact that they won gave us a little extra juice. The other thing is it was three to oh in terms of how that lawsuit was, the ruling came down. Two of the judges came from Democrats. That's really important because there are political workings here. Gensler has a Democratic boss. He is a Democrat. And if enough Democrats start to just move over on this issue and shift to the middle or to the crypto side, it makes Gensler's position more politically untenable by the minute. And so he could keep moving the goalposts legally, I think, as long as he wants. But it's going to begin to look more and more desperate and he's going to face more backlash. And this is a big deal for us. So we thought it was the decisiveness of the ruling, the language, like everything you said has to go out the window. Your whole reason for denial is vacated. And the fact that two Democrats signed on to that, huge. Then the second part was the media attention. Once every six or seven years, do I see ABC News or CNN have an ETF in the headline? I know this because ETFs are in their own little underground. Every now and then, though, something big happens. And ETFs were all over mainstream news. New York Times, ABC, Washington Post. This also matters because the headlines were like, SEC loses, paves way for spot Bitcoin ETFs. Well, now people are just sort of thinking this is going to happen because the New York Times said it and people on Capitol Hill read this. They don't necessarily read crypto trade publications. mainstreamness So the of the media attention and how they were presenting it also made us think that the pressure would increase. And our senior litigation analyst looked at the legal side and determined the SEC has very little wiggle room. That was his words. So when you add the PR aspect to the legal aspect, that's where we upped it a little bit to 75%. That still leaves 25 % for this theory, which is that Gensler being potentially a stubborn guy and or just truly, truly not feeling this should ever happen, even though, again, the stuff that's come out is way more dangerous, 2x Bitcoin futures, come on. Anyway, what he might do is he might lock into some other reason, like custody. I don't know what the custody is safe, then he might start to look at how custody could delay these further. And he may make that the next denial. Like I said, it's going to look more and more desperate every time they latch on to a new issue, but it's possible. And that's why we leave the 25 % opening for that. I want to jump over and onto the Grayscale side of things. From an analyst position, and you look at Grayscale's current scenario playing out, obviously there's a little bit of lead time here. Maybe they do some changes in the way they submit a spot ETF. What is in the future of Grayscale's potential of getting into the ETF game? So Grayscale is going to be tricky. We have this phrase that Grayscale may win the case and lose the race. I'll make some of those things rhyme if you're a headline writer. But anyway, Grayscale is a private placement trust that was just for accredited investors. We've never seen anything like that just, boom, become an ETF. We've seen mutual funds convert to ETFs. I think one closed -end fund converted to ETF, separate accounts, but I guess it's possible. It's just unprecedented. And given you just embarrassed the SEC, it's possible the SEC says, let's make you refile and get in the back of the line, and we'll prove all the other ones first. So this has been somewhat of our theory all along in why BlackRock filed. BlackRock saw a scenario where, I doubt the SEC told them this. That would be a little, I think that's illegal, but let's just say BlackRock thought of this whole scenario, which is, you could see this is a pretty viable thesis. Hey, let's file, because if the SEC loses to Grayscale, you know they're going to be pissed off at Grayscale pursuing them and embarrassing them. And maybe if we're sitting there waiting, just, oh, hey, by the way, SEC, if you want to use us and our new surveillance sharing agreement that we put in here, which is kind of novel, as an excuse as to like why you never approved Grayscale, and you can make them wait, and you can leave this whole thing with the adults in the room of BlackRock, right, you know we're not going to mess this up. I could see that appealing to the SEC, and I could see BlackRock seeing how that would appeal to the SEC. So you get to save face and kind of enact a little revenge on Grayscale in the process. Now, possibly Grayscale could sue them again for that, I don't know. But I see how that would possibly be one of the reasons BlackRock thought they had a route to approval first. Interesting. Well, I think in that kind of scenario, I mean, it makes sense in the essence of this being such a political landscape as it is right now, because you're right, it's all really kind of a card game right now, especially around the issue of ETFs. I want to get into the potential of the impact on the market. And I remember in a podcast you had mentioned potential here around $20 billion in the first couple of months, $150 billion in the first year or two. When you look at that market, do you feel like that is where this, this I'm assuming with BlackRock leading the way as kind of the premier ETF? Yeah, if you have a BlackRock ETF, okay, that's prime time. I mean, we have a saying on the team that BlackRock and Vanguard ETFs are the new IBM. And what I mean by that is if you're a 65 year old financial advisor and you were a broker 30 years ago, it used to be said, you could never get fired for buying IBM. It's just, it's just too good. It's like all American company. No, none of your clients are going to be like, what did you get me into? Now it's, you can't get fired for buying a BlackRock or Vanguard ETF. It's just, it's too good a deal. It's just too bulletproof. Whereas if you went into some crazy hedge fund and stuff, they make it mad, right? But BlackRock and Vanguard ETFs, solid. So once you put it into a BlackRock ETF, it sort of goes into this, it elevates it, I think, for the financial advisors who are like maybe willing to use as a hedge or an alternative, or they have younger, you know, their, their clients' kids are into it. And they're like, ah, now, now I feel comfortable, safe and willing to do this because I use ETFs in the rest of my portfolio. I trust BlackRock. I certainly don't want to custody it myself. They're going to do it. I feel safe with them. The fee's not that bad. It costs one basis point to trade, to trade. I think that's very powerful. And so when I come up with the 150 billion, here's the math, right? One is that's about how much gold ETFs have. Two is if you take advisors and wealth managers, they have $30 trillion that they run for the rich boomers of America, basically. If only 0 .5 % of that comes over, that is 150 billion. So that's, I think, pretty fair because I think you have some advisors who might allocate 2%, but then some that just find it to be repelling and do nothing. So I think 0 .5 to me seems like a pretty fair number. Even it could be low. That's how I get to the 150 billion over time. And gold is about there. So GBTC has 20 billion. So I think you could, let's just say that moves over instantly. That's where I get to the 28 billion pretty soon because either the people move or it just converts over. And then you get BlackRock Fidelity, you're adding to that. And I think also they'll steal some business from the exchanges, frankly. I think if you're in a crypto exchange and you're charging 30 to 150 basis points per trade, this ETF trading on NYSE at one basis point is going to be appealing. So I also think institutions could get into it, especially the one that becomes very liquid because I wrote a book called The Institutional ETF Toolbox. And institutions don't need ETFs generally. They can get everything on their own in separate accounts for almost cheaper than ETF. And they like it private. They feel like ETF is kind of like the dirty public pool down the street. That said, what the ETF does have is even an institution can't resist this liquidity. And it's also anonymity. So if an institution wants to get short or long crypto quickly, it would use this most liquid Bitcoin ETF as a way to put that trade on. We see that happen with GLD all the time. If you look at GLD or SPY, these are things that institutions can get. But the liquidity in them is great because they can go in there with no contracts, anonymous. They don't move the market and they can just get that into their portfolio quickly. So the most liquid spot Bitcoin ETF, I think, will even draw big fish in. So you add a lot of that together and I think you're looking at that much money. Now, let's say there's another FTX that could delay some of this. But I was pretty impressed at how quickly Bitcoin, how resilient Bitcoin was to FTX. It was in the gutter both PR and price wise for a little bit, but not that long. Like I said, Bitcoin, even though I don't understand every aspect of it, I respect its resiliency. It just keeps coming back. Yeah, it's one of those that has made its way finally into the mainstream. Now, I think a lot of this has been legitimized with companies like BlackRock obviously getting involved. But to your point, before we go on to other ideas around this, because there are other components key here that might make sense for how successful BlackRock might be. I wanted to go to James Saffert's post here, one of your colleagues there. Some of the key dates that, let me zoom in on that, you're going to look at a couple of dates here. You've got iShares coming in on 10 .17. There's quite a few coming up right here in the middle of October and even early October with GlobalX. They've got a refiling, I think, coming in. Anyway, when do you think the next potential timing would be for a lot of these potential ETFs to maybe get a green light, if there was a window here? Yeah, so I've got to be honest, I like October because, I don't know, first of all, it gives the SEC two months to work this out, roughly. October is when the Bitcoin futures ETF launched. We're also going to have a whole slew of Ether futures ETFs in October. As you get closer to Christmas, I think maybe the odds go down a little because the holidays hit. October is just a very vibrant month in general, and you've got a slew of deadlines coming up in October. But I sometimes put the deadlines aside and I think that, because if we're going strictly on deadlines, and they want to punt, punt, punt, the first deadline is ARK in January, final deadline where they have to approve or deny. And I don't know if they want to put ARK out first, and that'd be two months ahead of anybody else. They'd be playing Kingmaker. And I think after Bitto, they let Bitto out first like a week before Valkyrie, and Bitto has 95 % of all the volume assets. So I don't think they want to play Kingmaker here. So my guess is they're going to scrap the timeline and we're going to wake up one day and hear probably going to be a scoop or from Coindesk Wall Street Journal or something, or Bloomberg hopefully, that the SEC has decided to say okay to these and they're going to work it out. They'll launch in two weeks. That's my gut. I just don't know if they punt in October and they keep punting and they get to January and they actually deny ARK. I don't know. That makes it feel like just every other denial that's ever existed. So I don't know. I'm leaning towards we're just going to wake up one morning and we're good. I could be wrong. How does this play out, Eric? If that were the case, let's go the absolute negative side of this and they do punt and they finally go to the deadline. They don't push out ARK. They basically do a denial. What does that look like on BlackRock's record? Does BlackRock even worry about that at all or are they like, hey, this is getting out of hand here? You mean if BlackRock's denied in October again? No. I mean, look, what can they do? There's not a ton they can do. Well, if they approve others and let BlackRock, that would upset them, I think. But as long as they're in the group, their main goal is to be outburst. I think their goal is to be one of the ones launched on day one. So as long as that happens, whether it's in October or frankly next year, I'm sure they're fine with that. Now, I think the longer you wait, the longer you get into the situation of what I think also bothers Larry Fink, which is the US is behind the rest of the world in this big time. They've got spot Bitcoin ETFs all over the world and they work fine and they have less liquidity from big time market makers like we have here. So if they can work well during overseas a period like FTX and the percent premiums are pretty tight, they're going to work here. And this is why ETFs are so good. They allow arbitrage. And so I think by releasing the ETF in the US sooner rather than later, it just makes a lot of sense in terms of that race with the rest of the world. But again, Genzer clearly is tough. But the last SEC guy is Jay Clayton. And he said on CNBC after the Grayscale ruling that they have to approve them. It's inevitable. JP Morgan, my colleagues in the sell side, who I'll just say this. I feel we stick our necks out a little more and we're trying to be progressive. JP Morgan now finally after Grayscale says, yeah, they're probably going to approve them like, well, OK, well, welcome to the club. We've been here for a little while. Yeah. Very conservative position. Yeah. And Bernstein said the same thing. But again, as you get these bigger banks actually coming out, again, the narrative then becomes the SEC is approving them. And so, again, it's almost like a self -fulfilling prophecy at some point, especially, again, as you see headlines in The New York Times, it paves way, paves way.
A highlight from 95 - Greyscale's Legal Slam, Musk's Crypto Tease & BitBoy's Dramatic Exit: Crypto's Tumultuous Week
"Welcome to the Crypto Curious podcast, proudly brought to you by the Bamboo app. Crypto Curious is your go -to source for all things cryptocurrency, whether you're a seasoned pro or new to the world of crypto, we've got you covered. Each week we'll break down the top news stories of the past seven days, giving you the information you need to stay on top of the latest trends and developments. Plus we'll share quick bites of news and insights that you won't want to miss. If you're new to the world of crypto, we recommend starting in our early episodes where we break down the basics and give you a solid foundation to understand the crypto world. Join us as we explore the ever evolving world of cryptocurrency and educate ourselves along the way. On today's episode, we'll talk about the SEC's loss in court to grayscale and the Spot ETF deadline news. Twitter or X as it's now known's application for a digital currency license, as well as his own brand for some less than honest behavior, plus so much in the short, sharp news bites. So please stay around to the end. My name's Tracy and I'm joined by Blake and Craig for this week's crypto catch up. Hey guys, how are you going? Very well, Trace. How are you? Very well. How are you going, Craig? Good, thanks. My favorite topic today, regulation, but we'll get into it. It's always some regulation talk, but I mean, you know what? It's getting interesting because it's about ETFs and exciting things that mean crypto pumps down the way. So should we crack in? Not financial advice. Not financial advice, never financial advice. Let's do it because this news broke basically after we finished recording last week. The biggest news of the past seven days was another crushing defeat to Gary Gensler and the SEC, this time against grayscale investment funds. The US federal court ruled that the SEC acted unfairly in denying grayscale's request to turn its grayscale Bitcoin trust product into an ETF. So the long awaited decision provided a pump to the prices across the board in the crypto market and even the crypto related public equities like Coinbase got a bit of a pump. So everyone was pretty excited, weren't they, Blake? That's right. So just for a little bit of context, grayscale Investment Trust, I think holds currently three to five percent of all the Bitcoins. And it's basically like an investment fund that they're looking to get listed on the Nasdaq to be freely traded and it's going to attract a lot of capital to the space. And, you know, this was favourable because, you know, previously the SEC had just denied the application and now the court has ruled that they've unfairly made that denial. So this is very, very positive for the sector. Not only does this help grayscale's case, but likely to help other applications for the Bitcoin ETFs. And as we know, there's about seven others that are currently or maybe even more that are going through the process of trying to get approved for a spot Bitcoin ETF. So not really exciting stuff, but I must say the SEC will fight tooth and nail to continue to kick this down the road with every lever that they have available to them. And that looks like what they've done here. They've kicked the can down the road another 30 days before they have to make a decision. I have no doubt they'll be doing it again. But since that news, the SEC has come out and said they're delaying all applicants of the Bitcoin ETF until October. So a few weeks ago, we reported on ARK Invest, they were the only one that copped the delay, but turns out all of them will now cop the delay. So this rained on the parade somewhat, and the short -lived pump was, what, two or three days worth, and then it just came back down to where it was before. So of a pump and dump chase. Yeah, so just going back to grayscale and what that means, their petition, they've been granted a petition for review. And what this means is the SEC now needs to review the application again and either accept the application or pick a different reason to deny the application, which will drag this out even longer, appeal the court's decision and try and get a end back review, which is apparently a fancy legal term. So that's the three options there. But, you know, either way, like Blake said, big win for the industry. And I think this just proves the fact that the SEC isn't the be all and end all. You know, you can fight this. Yeah, and it's really great to see that the court system has a level of independence here that hasn't politicised other government factions. And the market is still so sensitive on this news, like this came out, bam, five percent pump, then the other thing came out, five percent decline. So the market just seems like we're waiting on what direction to take and any of these catalysts are providing, you know, huge movements. And like we said, now it's just been the can has been kicked down the road a little further, another 30 days into mid -October until we'll have any more information and we will keep a keen eye on that, folks. Moving on, Elon Musk's ex, formerly known as Twitter, moves closer to crypto payments with a new state licence being granted. Regulators from Rhode Island have approved X's application for a currency transmitter licence over the last week, Craig. Yeah, so Elon's spoken about making X a WeChat sort of application, which of course involves payments. But here's what you need to know about this scenario. So the licence required for companies conducting financial activities on behalf of users sending and receiving money, the licence lets companies store, transact and exchange digital assets and the licence also includes service providers like crypto wallets, payment processes and exchanges. So he's taking small steps to integrating crypto in the platform. And as we know, I don't want to be a sceptic or a conspiracy theorist, but he is bullish on Doge and he has spoken about or joked about integrating Doge. So it could be that obvious trace. What are your thoughts, Blaine? Yeah, that's right. Initially, I think it's just going to be regular payments, but over time, I think it makes sense for them to also integrate cryptocurrency payments as well. We know Elon is fond of crypto, so it just makes sense. And I think this is a big win. But, you know, there is there's lots of competition out there. There's CashApp, VMO, there's VMO, PayPal. Yeah, that all provide cryptocurrency trading and investing and buying and transferring. But I suppose what's different about X's proposition is that it's also a social media platform. And this is, you know, I think maybe Meta or previously Facebook maybe approached it a little bit wrong. With Libra. Yeah, with Libra. And it sounds like Elon will execute. You know, he's the founder of PayPal. He understands internet banking and payments. And I think he'll execute like he executes on everything else. Yeah. So this is important and necessary in the steps forward that Elon is pushing for X to become the everything app, which he's he's pushing for. And we'd expect crypto and fiat payments to become part of that. And you've mentioned obviously a minute ago, Craig Doge, he's you know, he loves. So I think everyone's talk recently has been when he does this, what will be the tokens in there? Because everyone said X and now there's XRP and Doge. And he's even hinted at Shiba at some point. So there's the guess now. What will be the crypto token that he will use? Let us know, folks. Send us an email. Well, Trace, what do you think? Do you think you might allocate some cash to Doge after this news? You know what? Not financial advice, folks. But I do potentially think Doge and we do have a little side bet going with our with our friends at Equity Mates with Bryce and Alec. And we did say at the start of the year that we did tongue in cheek think Doge might be one of the best performing assets of the year. There's a bit of a joke. Look, I don't know that he'll be making any head roads into this by the end of the year. Like Blake said, I think it's going to be fiat first and we won't see any cryptocurrency trading or being used on the X app for quite some time. But my money would be on Doge. But he's got the license. So it is going to happen eventually. You know, as we know, the favorite bull market indicator for me is when Doge has a pump. That's when you know that we're back. So, yeah, let's keep an eye on it. But then again, Trace, Doge didn't move at all after this news. Which I thought was very surprising. It hasn't on a lot of his comments recently. Gone are the days of Saturday Night Live where he's on there and we have like a 20 percent pump. It's just not like that anymore. Good times. Good times. Let's move on boys. It feels like there's been a long list of shady crypto characters getting their comeuppance this past year. Doquan, SBF and a few other dudes. But there's one who's facing his consequences over this past week. Ben Armstrong, also known as BitBoy, has been ousted from his own brand. Ben was removed from BitBoy Crypto by parent company BJ Investment Holdings due to alleged substance abuse and harm to employees and the community. Craig, what else do we know? Yeah, so BitBoy Crypto, he's been in hot water for a long time. He actually had his media kit leaked, which actually was giving projects prices on what sort of promotion that he would give them. But what we can gather from information that's been filtered out by the staff and insiders is they've kicked him out for various reasons, harm to employees. But he's also done extensive promotion of unvetted tokens. He had a lack of transparency regarding his personal holdings. And he promoted coins and tokens in his video only to sell them after his viewers started buying without disclosing his intentions. So typical grifter. And you know, it's good that these guys are getting weeded out. And look, we were talking about this. He was obviously, for those who might have remembered him off, chasing down Sam Bankman -Fried as the big baddie member. He went over there. Yeah, he was the hero. And even the hero is a scammer. And you might recall, folks, we talked about Ben .eth token a little while ago, which popped up and he shilled that one to his users. And that was a bit of a nail in the coffin, too, because that didn't go too well. But the proof is in the pudding here. We look at his views and they were up around 250 ,000 a year ago. They went down to 120 ,000. And you know, the last six months, he's only getting 20 ,000 views. He lost his audience. They just lost trust in him because of these pump and dumps. So, you know, it's good to kind of shake out this kind of behavior from the market. And I just wanted to put it to you both that I feel that, unfortunately, we'll see a fresh bunch of this coming through. A hundred percent. Because we're going to get, you know, an influx of new retail people coming through that don't know what to look out for. And there'll be another BitBoy Ben coming up and doing the same thing. Yeah, that's definitely one of the challenges. We've been in the space for a little while and we see these characters come in and out of the sector and it's quite obvious, you know, they all display similar traits about their behavior and how they project in the marketplace. And, you know, they gather big followings and it's very hard to convey to people that follow them that, you know, they might not have the best intentions or, you know, they might be doing something against, you know, what they say that they're doing. So, yeah, I think you're right. Trace, more and more will come through, more will gain popularity with new narratives and then churn out, hopefully sooner rather than later. It's a bit of a double -edged sword because, you know, back in the bull market, BitBoy would be shilling these projects that would go to do ridiculous percentage numbers because people are following the trade. And then obviously they're the ones that pump the hardest, but also the ones that dump the hardest. But BitBoy is obviously laughing because he's selling into his audience. As you mentioned, Trace, there's decrease in views like probably to do with the market cycle as well. Like the big guys, like even locally, like the Pacino Brothers, you know, they produce some amazing content over the last bear market and now the next bull market, they've obviously become popular. So there'll be a bunch of new people now that are making content right now that will become very popular. And in saying that, though, there's great content. You can tell which ones are good and which ones not. Like I just mentioned the Pacino Boys. They're very technical. They talk about Bitcoin and ETH, but someone like BitBoy, which is shilling Ben token, like big red flags. And, you know, I'm really a big fan of Guy from the Coin Bureau. He doesn't shill anything. He just gives you good information, you know. And Ben Cowan, he just talks about the big two. He's very technical as well. And that's it. And we're all about the big two as well. Bitcoin and Ethereum. We talk about all these other coins on here, but really for noobs getting in, even for not noobs, like 75 percent of my portfolio is Bitcoin, Ethereum. OK, with that, let's go to a break. When we come back, a short, sharp news bites.
A highlight from Ep370: How Often Should You Release Episodes In A Week?
"You've got to put out a little bit more. You've got to give them that content. You've got to be the squeaky wheel that is going to get the grease. You've got to constantly be in front of them, adding value to them, or they're going to go and find somebody who does. 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's your host, Adam A. Adams. And in this episode, we are discussing how many episodes should you be publishing each week or each month. And I think it's a great question. I think that there's a lot of people that come to me and they want me to help them. They want me to support them by growing their podcast. And I ask them, how many episodes are publishing? And they tell me that it's, oh, we're really consistent every single month. I go, okay, how many in the month though? And they're like one every month. And there's others that come to me and they say, they go every other week, we want to make sure we are keeping this consistent. And here I'm about to share with you how often you should publish and why. Some of the pros, some of the cons. If you're publishing multiple times a week, are you going to just bother people leave you? Are they going to ignore you? Are they going to hang up on you? Are they going to be like, I can't even listen to that many. I can't listen to this guy or this gal every single day. I'm out. Are they going to say that? So let's dive in and understand this. Well, I want to start with a story. I want to start with a personal story. This is the podcast on podcasting. And when I launched the podcast, I launched it with six episodes right away. That is actually a course for launching a top rated podcast and actually launching with multiple episodes is one of the tricks for that. So we start with six and then I think I was doing two or four a week and I ramped it up to six a week. And as soon as I started doing six episodes a week and for your information, that is three solo episodes like this one right now and three interview episodes. So I would interview people every Wednesday and I would try to do five or six interviews almost every Wednesday. And then I would kind of scramble because it's not always easy for me to be honest. It's not always easy for me to record my solo episodes because I don't really have anyone to be accountable to except myself. And I like to give myself grace. So if you're like me, it might get tough to do three solos a week and all of those others. Plus, I'm an advocate for recording before you need to produce. And what does that mean? That means whatever amount that you are publishing each week, I want you to record more than that. Most likely by batching them. Batching them means like, for example, I'm going to record five or six episodes all right now. And that'll get me through a few weeks, right? Now, going back to the history of start off with a six, then I did two or four and I ramped it up to six a week. I needed to ramp it up because I had so much content available because I always wanted to record ahead of time. And I had this giant bank account. Think of finances. What does everybody tell you? You should have six months in the bank. You should have a year in the bank. Some people might say you need six weeks in the bank. I would say for podcasting, six weeks is kind of the minimum. What that means is you want to have recorded and get them starting to be edited and ready to publish, scheduled to publish all the artwork for promotion, ready to go. All the copy for promotion, ready to go six weeks ahead of time. Now you're allowed to get COVID, which both of my kids have COVID today. And I hope I don't get it. And that's one of the reasons why I'm recording five or six episodes right now is because I might not be able to talk for a week just to make sure that I get it done sooner than later. So this bank account means the recorded basically published, they're queued into your platform already and they're scheduled. The timer is ready to go. At that time, they automatically go. Now you're allowed to get COVID. Yeah. You're allowed to go on vacation. You're allowed to take Christmas off, Thanksgiving off or whatever holidays you may or may not celebrate. You can do all that. You can relax. You can take the summer off if you need to, if you've got a bank account of all of these episodes. So now that you kind of see, no matter what number it is, if it's one a week, whether it's one a month, you need to record them well in advance, get them edited and scheduled to publish so that you're never behind the eight ball. You're always ahead of the game. Again, you're never behind the eight ball. You're never having that, oh shit moment. You're always ahead of the game. You're always one step ahead. You've got that bank account, your bank of episodes ready to go. And now we can talk about how many episodes you should publish. When going into my history, I did six for a while. And when I was publishing six, it was a little hard. It was a little much. It was doable. I did it for a long, long time. And I built up my company through the podcast because of doing that. And as I was ramping this up, and I'm going to give you some real numbers. And right now the company brings in about $45 ,000 a month. And we can attribute most of that through the podcast, almost all of it directly through the podcast. And then most of the rest of it from referrals. And again, because of the podcast. So somebody who's listening, maybe you hired us and then you told your friend and they hired us too. And because of the podcast, right now we're making around $45 ,000 a month. Here's the thing. Don't share too much because I've been doing two episodes a week. Listen carefully. This is important. I've been doing two episodes for a week now for quite a while, probably since the beginning of this year, which was eight or nine months ago. So what am I saying to you? I'm saying that I made a shit ton more money back then when we were bringing in six figures a month. We were bringing in six figures a month. We had to make between 90 and 120 every single month. We averaged around a hundred grand almost to the penny each month. We were on cue to make a million dollars, right? Not to make it and it's all in Adam's pocket, but to gross it, to gross that number. And if you've business, you could do that too. So here's the thing. I got to a place where I slowed down those episodes. So I was doing six a week and we were making six figures. I slowed it down to two a week and we went all the way down to $45 ,000. It would be bad if it was $45 ,000. I wouldn't be able to pay anything. I've got too many employees. So right now we've been losing money for a few months. My company has actually been losing money for a few months. And I'm like, why? I'm taking it back to the basics. It's because we've been doing two episodes a week instead of six episodes a week. And now it sounds crazy, but I'm going to give you some of the reasons so that you understand it a little bit better. I'm going to give you some of the reasons behind this. So before I do that, I'll let you know I'm making a change right now. I'm making a change immediately. We're switching from two a week to four a week right now. And we might go to the six. I'm not sure if we're going to go to the six automatically because we don't have a big enough bank account. We don't have enough episodes already recorded, prerecorded. Because if you have been with me for a little bit, you remember back a few episodes ago where I mentioned that, hey, we ran out of episodes. And so I had to start asking friends to get their best guests so that I could start doing more interviews so that we'd be ready and set. So we've got enough of those that we're able to go to four a week instead of two a week. And I'm fully expecting to go from 45 ,000 a month to closer to 80 ,000 a month just by doing that one thing. Can you imagine? I'm kicking myself. I'm not that flexible. I'm flexible -ish, but not that flexible. I'm kicking myself in the ass right now because it's like just doing two more episodes for me, going from two to four, should be bringing in an extra $35 ,000, maybe even $40 ,000 a month. It should be able to. And that's really the only thing I have to change. That's really the only thing you have to change. Right now, you might be at one a week or every other week. Can you imagine what would happen if you boosted that up? So now let's get into the reasons and the science behind why this works. I was speaking at a conference a long, long time ago. Man, I'm surprised it was in 2018. So this is like five or six years ago and not to date myself, but yeah, this was many years ago. So I was speaking on a stage and a guy named Joe Fairless runs the event. And it was actually, I was backstage, not yet speaking. I had to follow Joe. I was the person who went after Joe and the person who runs the whole thing. And he's great speaker. He's very, very knowledgeable. And also he's very funny because he was a comedian for a while. He went and took comedian classes in New York and actually got on stages for that. So he's very personable. He's very honest. He's very open. He's very educated, very smart, very wise and easy. He easily breaks things down in a way that others can also understand it. And this lady at the end of his presentation, it goes to Q &A. And one of the first questions, like the third question is this lady on the front row, all the way stage right. So on the left side and I could see her because I was on stage left on the right side. So I'm looking and I can only see like 20 of the people that are sitting down out of the 600 or 650. And so I can only see a couple of them. So it was nice. I saw her raising her hand for a while and he finally picked on her. That sounds like you're in grade school and he's pulling her pony towels or calling her names. He picked her, he selected her and he said, what's your question? And she said, Joe, if you had to do all of this, your podcast all over again, because he was suggesting others in the, actually I forgot to mention this. He was telling his audience that they should start podcasts. The woman, she goes, Joe, if you had to start it all over again, would you still do a daily podcast? And Joe didn't even really have to think. He just said, no, I wouldn't do a daily podcast. And I thought it was interesting how he phrased it because you would expect him to say some smaller number. Like I wouldn't do it daily. I would go to one a week, or I wouldn't do it daily. I would go to three a week. Nobody knew what he was going to say next. And then he said it and it surprised the entire audience. He said, I would do a twice daily podcast. The reasons why he would do it twice daily from seven days a week, seven episodes per week to 14 episodes per week. It sounded crazy, almost like blasphemy. Like, why would you put yourself through that hell, Joe? So he goes on to say that the conversations that he's had with other real estate entrepreneurs in his field, the conversations that he's had have brought people closer to him, closer to his business. He's been able to do joint venture deals with people. He's been able to find more deals because of it. He's been able to grow his network much faster because he's having that many conversations with other people. And he says that you're more likely to get your episodes shared with other people. And simply you also have just more shareable content and you have more guests that would be willing to maybe share the episode that they were on. So with these conversations, with constantly being in front of people, which is my next point, he's always in front of people. Think of when you publish an episode, think of it as finding a way to finally get back to the first page of Google. But then tomorrow you're on the second page of Google. Then the next day you're on the third page and then the next thing you're on the fourth page. People are not going to find you when you're on the second and third and also fourth, fifth and sixth and seventh page. They're not going to find you. If you're going every other week, they're not going to find you for two weeks. They're going fill their time with something or someone else. I have a friend and she's a great person, awesome, awesome person. And I'm not contoning or condemning her right now. I am just saying that her husband was working a lot of hours and she went out on the side. She went hooked up with some other man a couple of times, and then she felt bad about it. And she told her husband, and then he changed his work schedule so they could start getting back together. And she wouldn't have the need or she wouldn't feel the need to go outside the marriage. Think about this with you and your listener, having an intimate relationship. You've got to put out. I know that's crass. I'm not trying to offend you. You've got to put out. You have to give and take. You have to be there for them in many ways. Maybe when you've been married for 30, 40, 50 years, it's different. But when you're young, in your 20s and your 30s, and probably even in your 40s, that part of the intimacy is really, really important. And not just the sexual part, but now we're also talking to the emotional part of intimacy and sharing and having a dialogue with somebody who cares and gets you. And you don't want your listener to go outside of your podcast marriage. And so you got to put out a little bit more. You got to give them that content. You got to be the squeaky wheel that is going to get the grease. You've got to constantly be in front of them, adding value to them, or they're going to go and find somebody who does. This takes me back to this show that I'm going to finally put back up soon. Maybe I'll even get off of these podcast episode recordings today, and then I'll go straight over to Netflix and I'll re -add this show because it left me for a long time because it wasn't putting out and I had needs. And so I went and found another show. It's called Ozark Badass Show. We get to season four after COVID for a little while, and we finally publish the next season. I'm so freaking excited. I start it the same week that it comes out. I was anticipating it. I was searching for that stuff on the search engines and it published and I start watching it and half the season came and then it ended. And I was like, are you serious? So what did I do? Did I sit there on my thumbs and not watch any other show? No, I went and found myself another show. My show wasn't putting out, so I had to go and get my needs fulfilled elsewhere. So I went and found another show and got excited about it. And I was in love with it. And we went to the grand finale and then I found another show and went all the way through and I found another show. And going back to Ozark, it's been years. It's actually almost two years since they republished this second half of season four. And I still haven't listened to it. It's not because I'm not excited about it or don't love it. It's because I am getting distracted by those other movies or shows that I started watching. And so think of it like this. If you're on the sixth page of Google or if you're on the third page of Google where it's hard to find people, this is really what I'm talking about, the first page of Apple podcast. When you publish an episode, you're at the top front and center, upper left, right there where people are going to see you. And then when the other people that they're subscribed to, because most people are subscribed to 30 shows, most people are subscribed to 30 shows. I know I'm subscribed to way more, but let's average it out. A lot of people are subscribed to two or three or six, and a ton of people are subscribed to 20 or 30, 40. And then I am subscribed to way, way more. So it's hard for me to see it unless they just published because it pushes and pushes and pushes that down out of the way. It's no longer in my view, out of sight, out of mind. It's not that I wouldn't want to watch it if it was there in front of me and available, but it's not available. I don't see it. It's not there. Another podcast is there and it's going to catch my attention and I'm going to go outside the marriage podcast wise, and I'm going to click on that other podcast. Even if I committed to this other one, I can't find it, but I can find this one today. So I'm going to watch it. So the point is Joe Fairless, when I was speaking at his conference, he was on stage, that woman raised her hand and said, would you still do seven a week? It seems crazy. And he said, no, I wouldn't do seven. I would do 14. I'm already the longest running real estate podcast, daily real estate podcast in the world. How can I change it now? I wish I could, but how can I change it now? So luckily for me, I don't have a claim to being the longest running twice a week show. So I'm going to four a week right now, and I'm going to work to get my bank account full and I'm going to go to six a week. And here's why. It only takes me about two hours a week to make an extra $35 ,000 a month. It only takes me an extra two hours of work to make an extra $35 ,000 in my bank account. That's why I'm increasing it. So I want you to consider going from the one every other week to at least one a week, or trying to go from the one longer one a week to maybe a long one and a short one in that week. Just double it. Maybe you can go from the $6 ,000 you're making through your podcast each month, and maybe you can double that easily to 10 or 12 or $13 ,000 that you can contribute, or is it contribute or attribute? I said the wrong word. That you can attribute directly to the podcast. So I want to challenge you and encourage you to increase it. Increase it to the highest number that you believe you can sustain. If that's one a week, awesome. If you can go to two or three or four a week, like I'm doing right now, awesome. If you can go to six and you do it before me, I will give you mad respect and mad props. Furthermore, when you start making more money through your podcast, because you follow through this challenge, as soon as you start making that additional money, I want you to call me. I want you to send me an email, call me, get a hold of me and say, Adam, it's working. And then I'm going to say, come on the show. Let others know about how this gave you success by just following through this one thing. So be committed to following through with that. Now we get some more of the science and numbers, and I gave you a lot details because Joe is the one who taught those details. You're in front of more people. You have more shareable content. You're more likely to get it shared by the guest. You're having better conversation with more people. You're growing your network and you're more likely to get more business. So why is that? And here's another analogy. You are driving down the street and you're looking for a gas station and your GPS says there is a gas station five miles to the north. The closest gas station, your GPS says, is five miles to the north. And so you turn on that road and you start going north and you're following the GPS. And about five, six minutes later, you see not just that gas station, but you also see three other gas stations because for some reason there's a gas station on every single corner there. So think of it like this. I want you to understand that when there's one gas station on a corner, when there's one gas station there, this is talking about number of episodes, that gas station owner barely scrapes by. Think of it like the podcaster who has one episode a week and they're barely scraping by. You go to a corner where there's two gas stations. Both of those gas stations are doing okay. It's weird because if you're the only gas station on the corner, you barely make money. You're breaking even. You're struggling just to pay yourself when you have one gas station or one episode a week. But when there comes in a gas station across the street, what you would think is the people that are coming to you, half of them are going to go to that other place and that you were going to lose business because you had a closed minded mindset. And it was a small mindset that believed that if somebody goes across the street, they're going to take half of your people. But what really happens, what really actually starts happening is both gas stations do better than either one could if they were by themselves. Both of your episodes will get more downloads per each episode, not the same amount per episode, and certainly not less or fewer downloads per episode, but actually both episodes will get more because you have more shareable content, more people that you're connecting with, more people that might share your content with somebody else. And you're on the first page of Google or the first page of Apple podcasts more often since you're publishing every Monday and Friday or whatever the days are. You've got all of these benefits. And so you start making more money, just like those gas stations. And when there's a third gas station, they are all making bank. And when there's four gas stations, they are all making so much money, they don't even know what to do with it. So this is why you find that when there's a gas station or a fast food restaurant, for example, when there's a McDonald's and then they put a Burger King and a Wendy's and Taco Bell all in the same area, all of those restaurants make more money than if there was less. When you start having three episodes a week, four episodes a week, five or six episodes a week, you start getting more downloads per episode. And my mom is a great example of this. I think she started out wanting to do less and she's doing pretty sure it's three episodes a week and she's getting great traction. We just launched with her just a couple of months ago. And she already told me the other day that she had like 20 ,000 downloads. And I go and look at the average podcast that is out there and I look and see what happens after one full year or sometimes two years, it takes them to get five to 10 ,000 downloads. And that's because they are doing one episode a week or every other week. And then my mom comes around and she's not sure if she can do more than one. She's not sure if she wants to spend the time. But when we have tough love, because we're family, I'm like slap her in the face. Not literally. As a mom, you got to do more. You got to do more. You got to do more. So she picks something like three. And all of a sudden she's got 20 ,000 downloads in the first few months when these other people in two years can't even get 5 ,000 or 10 ,000 downloads. There's a huge difference. It makes a big, big difference. So wrapping up today's episode, how many episodes per week or per month should you do? And the answer is as many as you possibly can, but at least, at least, at least one a week. You shouldn't even have a podcast. You can't do one a week consistently. And I want to challenge you. If you've already got your show, if your show's already up and running right now, double the production. Go from two to four, go from one to two, go from three to six. Double the promotion. And I think you're going to see that you're pretty close to double your gross income, the gross revenue for your company as well. I'll see you on the next episode. You're not alone if you're ready to either get your very first affordable microphone, or if you're ready to upgrade your equipment to some legit podcasting studio equipment. Because on all of the forums over the last few months, I'm seeing this all the time. Even my own personal clients that work with my team, they're ready to get that next microphone. They're asking us for it. Additionally, when I'm on discovery calls with potential clients, they're always asking for this stuff. Hey, what mic do you recommend? Hey, what lighting do you recommend? What webcam should I be using? So many questions. And so what we did, my whole team has put together a PDF so that if you're one of those people who is looking to either get your very first affordable microphone, or if you're ready to upgrade your equipment to more professional podcast studio equipment, whether it's soundproofing or whatever, we've got you covered by going to growyourshow .com forward slash PDF, and you can download the PDF for free, or right there on the web page is everything that you would have and you don't need to download the PDF. Either way, just go to growyourshow .com forward slash PDF, which will put you to the podcasting equipment that me and my team have personally vetted. I'll see you on the next episode.
Spencer AKA "The Mando Medic" on the Importance of Decompression Time
"You have a firefighter who's having a hard time transitioning from work to home, and isn't having a lot of empathy and gratitude for their spouse, what do you think is the ultimate game changer there? For me, it was honestly the decompression before I walked through the door, because I think that what happens is I think we have good intentions. I think on the way home we're excited to see our families. I think we're excited to get off of work and we'll go back to our home environment. The problem is, it's less of a problem if you have that perspective and empathy, but as soon as we walk through the door, right, maybe we had a really rough shift and we're getting hit with all the things we need to do for the rest of the day. Some sort of chaos happened in the night before that we hadn't heard about yet, we're having to deal with. I know me as a child, I can remember my father was a trooper for 30 years, I remember being really excited to see him when he got home, running right at him. So things like that becomes over stimulating and I think that when we're in that mentality, we get frustrated with things that may not frustrate us in a logical perspective, but emotionally, because we're so stimulated from coming off shift, it hits us wrong and we can start to say things we don't mean or give off tones that we don't intend to give off. So for me, the biggest game changer was that decompression. Honestly, all I started doing was staying late at shift and having breakfast with the oncoming crew. It's something as simple as that. We just hang out, have breakfast with them for maybe 10, 15 minutes, a little bit longer than your regular Passover. We're not talking about work, we're talking about so and so's kids Little League, how they're doing, or whatever vacation somebody just took. We're talking about things that don't involve work and it's giving me time to process what happened the night before. Or if we had something bad go on, you know, we had a rough call or a rough fire or something, we can have that discussion. So it's processed a little bit more before we get home. The commute honestly helped me a lot too. You know, I've worked stations that are 10 minutes from my house and I've worked stations that are 40 minutes from my house and the ones that were 40 minutes from my house. I was so much nicer coming home, throw a podcast on, I would get my head in a different space, think about what I was going to do the rest of the day and be able to plan it. And then by the time I got home and came through the door, didn't really matter what was going to be thrown at me because I had decompressed enough from work that I wasn't still wound up. My heart rate wasn't still through the roof waiting for tones. Again, I wasn't thinking about the next shift. So I think those two are really big game changer journaling too. Honestly, what I recommend now to people, which I wish I would have done sooner is if you're going to take that decompression time, take two to five minutes in your car or in your truck before you leave the station, pull your notes app out and do a quick gratitude journal, write the things you're grateful for, or type out how your shift was, the things you want to change the next shift. But it's some level of processing that your mind can work through it before you get home and end up throwing your burdens onto your family because you're frustrated from your shift and you're not able to process it properly. Yeah, we talk about that tricky transition a lot on this podcast. I'm sure you've heard it multiple times because it's ultimately the number one question that we get. Why are they so upset every time they come home? Like we know that they want to see us and we've missed them, but they come home so grumpy and they take it out on the kids and they take it on to the dog. And it's the frequently asked question of frequently asked questions. I think that that was a great way of describing it from your perspective. I know we talk about a lot what works for us, but from your perspective as the firefighter coming back into the home, if you didn't have that 40 minute decompression time in your car or you didn't have the opportunity to sit down with your crew for 15 minutes, if you didn't have those two options, what would be a good way to transition back to home and how can the spouse help with that? So I'm going to take a lesson out of the book of my old man right here because I remember this vividly from my childhood. I actually think he was a fantastic example of how to do this. So because he was a state trooper, they had take home cars. So his commute home was on duty. So until he pulled him to the driveway, he was completely on duty, ready to respond and everything like that. And then he would go out of service in the driveway. So he literally had zero decompression time, like 30 seconds, maybe up to the door. And the communication for him was huge. I understood from a very young age, I'm talking like five or six years old that, hey, dad just needs like 30 minutes. When he gets home, she's 30 minutes. My mom understood. He had already talked to her about that and what he needed. He would literally go into the bedroom, close the door and read a book for 30 minutes. He's a big like Wild West guy. So he'd read it like some Wild West book or something like that for 30 minutes, get his mind off everything, take a shower and then come out for dinner or breakfast or whatever. If he's working nights or days. So I think that from the family perspective, allowing us that time without making us feel bad about it. I know that can be a touchy subject too. I know with several of my buddies that when they go home, that's their biggest frustration is they feel like, you know, they're made up to be the bad guy for asking for time. So I think that's huge. But at the same time, we also have that responsibility to speak up on as first responder as well. You know, if we don't express to y 'all what we need, then I don't think it's fair to expect y 'all to read our minds and meet us halfway if we're not willing to take steps toward
A highlight from News Block: Grayscale Victory, ETF Delays, Binance Troubles, Cost to Own Home Skyrockets
"Welcome to the CoinStories news block. I'm Nathalie Brunel and in the span of just 10 minutes, roughly the same time it takes to mine a new Bitcoin block, I'll provide you with concise, insightful updates on Bitcoin and the global financial landscape so you're well informed on the week's top stories. Everything you need to know, in one place, in one block. Let's go. The biggest news of the last week came out of Washington, D .C., when the U .S. Court of Appeals sided with Grayscale in its battle against the SEC. This case is all about potentially converting the Grayscale Bitcoin trust into a Bitcoin spot ETF. Better known for its ticker GBTC, the Grayscale Bitcoin trust is the world's largest Bitcoin investment fund. Today, it holds more than 600 ,000 Bitcoin, around 3 % of Bitcoin's circulating supply. Last Tuesday, the court ruled that the SEC was wrong in its decision to deny Grayscale's ETF application. An ETF, or Exchange Traded Fund, is similar to a stock. It trades on a stock exchange, but it tracks an asset or collection of assets like stocks, bonds or commodities. A spot Bitcoin ETF would make buying Bitcoin as easy as buying shares of a company. If you recall, the SEC approved multiple Bitcoin futures ETFs back in 2021, so the regulators' denial of Grayscale's spot ETF conversion confused a lot of people. Bitcoin futures ETFs allow investors to invest in paper Bitcoin contracts that settle in dollars. No actual Bitcoin is bought in the process. In the case of a spot Bitcoin ETF, a fund would have to buy and hold actual Bitcoin, and the performance of the ETF would be directly tied to the underlying asset. When the SEC denied Grayscale's spot Bitcoin ETF application, regulators argued it didn't meet investor protection standards and was prone to market manipulation. Grayscale sued, essentially saying, hey, if you're worried about market manipulation with a spot ETF, shouldn't you also be worried about manipulation with a futures ETF that tracks the same underlying Bitcoin? If so, then why did you approve one and not the other? Well, the court agreed with Grayscale. The judges called out the SEC, stating that the agency's denial was arbitrary and capricious and fell short of the standard for reasoned decision making. So where does that leave things? Well, the SEC has 45 days to decide whether or not to challenge this ruling. If regulators choose not to appeal, then we could see a spot Bitcoin ETF hit the market sooner than we thought. But the ball is in the SEC's court. The SEC can come up with a different argument for denying Grayscale's conversion, or they can agree with the court's ruling but instead choose to remove the futures ETFs. This seems unlikely given their size and popularity. So although this ruling doesn't necessarily mean that GBTC will be converted into a spot Bitcoin ETF, it certainly does increase the odds. Bloomberg ETF analysts Eric Belkounis and James Saifert have increased their odds of a spot Bitcoin ETF approval this year to 75 % in the wake of the Grayscale victory. On CNBC, former SEC chair Jay Clayton said that an approval of a spot Bitcoin ETF is inevitable. As you may know, Grayscale isn't the only player in town vying for a spot Bitcoin ETF. Large institutions like BlackRock, Fidelity, ARK Invest and Invesco are all waiting for their spot Bitcoin ETF applications to get approved by the SEC as well. We got an update last Friday when the SEC announced that it will delay making any decision on all of these ETF applications until at least mid -October. A spot Bitcoin ETF approval would mark a milestone for the industry. Not only would it be a signal of approval from regulators, but it would also make it easier than ever before for investors to gain exposure to Bitcoin, potentially bringing in a flood of new demand. Michael Saylor tweeted the approval of a spot BTC ETF will mark a crucial inflection point in the history of Bitcoin adoption. Whereas some investors appear optimistic about a potential ETF approval, others are taking a different stance. Investors podcast host Preston Pish tweeted, What Preston may be alluding to here is that Binance is still very much a looming shadow over the industry. If the SEC's main concern revolves around market manipulation, then perhaps it won't be approving any ETFs until Binance's market share of trading volume takes a serious dip. For perspective, Binance isn't just big, it's massive. Recent data shows that as of the end of July, Binance accounted for nearly half of all Bitcoin trading volume. Half. This doesn't bode well for the ETF chances given that Binance was recently accused of market manipulation and fraud in a recent SEC lawsuit. On top of that, Binance is currently under investigation by the Department of Justice in connection with potential money laundering and sanctions violations. Now here's where things got super interesting last week. The SEC took the uncommon step of filing sealed documents in its lawsuit against Binance. Filing a court document under seal means the SEC wants to keep sensitive information from going public. Former SEC chair John Reed Stark tweeted that the SEC would only take this action for two reasons. One, it doesn't want to interfere with an ongoing DOJ investigation. And two, it wants to protect companies or individuals involved with the investigation. This sealed motion raised eyebrows given that it hints that the SEC has submitted potentially incriminating evidence against Binance related to the DOJ's investigation. The developments surrounding Binance will continue to unfold. Whether or not the SEC will wait until there's some resolution there before approving a spot Bitcoin ETF is purely speculation right now. But given the serious charges of market manipulation against Binance, if more trading volume flowed away from Binance and into more regulated exchanges, it would likely help ease some of the SEC's concerns and potentially lead to a spot ETF approval. All of this uncertainty with Binance only reinforces how important it is to learn how to take self -custody of your Bitcoin. The whole point of Bitcoin is that you don't have to trust any exchange or third party to own it. The best time to take self -custody of your Bitcoin was yesterday. The second best time is today. As regulators and investors remain focused on Bitcoin ETFs and the activities of crypto exchanges, more and more Bitcoin miners are coming online, causing Bitcoin's hash rate to grow relentlessly in 2023. The hash rate refers to the amount of computational power being used to process Bitcoin transactions. And recently it surpassed 400 exahash per second for the first time in history, up over 50 % just this year. If you took all the computational power of Amazon, Google and Meta combined, you still wouldn't come close to this figure. It means that more energy is being used to secure the Bitcoin network than ever before. So where is the hash rate coming from? A recent mining report from Galaxy Research suggests a majority is coming from miners outside the United States. This theory is supported by recent news that the oil -producing country of Oman is investing more than a billion dollars in Bitcoin mining facilities. Oman government officials stated that these mining facilities will be used to make its stranded gas flares profitable to help develop new hydropower projects and to stabilize its electrical grid. Oman joins other nation states like Bhutan and El Salvador, which have also publicly announced their investment in Bitcoin mining. Finally this week, as Bitcoin's hash rate is going up, U .S. home affordability is in a freefall. The U .S. average 30 -year mortgage rate recently touched 7 .5%, the highest in 25 years. That rapid climb, a direct result of the Federal Reserve hiking interest rates at one of the fastest paces in history. According to the Cabeza letter, the monthly cost to own a home is up 90 % since 2020, and the median income earner is now spending 40 % of their monthly take -home pay on mortgage payments. That's the highest in history. This is a topic I discussed more in depth on my latest Coin Stories episode with Danielle DiMartino Booth. And to take it one step further, property taxes, homeowners insurance, and the cost of materials for maintenance have all increased as well due to inflation. This nasty combination has moved U .S. housing affordability to the lowest level in nearly four decades. And to make matters worse, according to recent data from the U .S. Census Bureau, more than 40 % of U .S. homes are owned by someone who does not live there. This means wealthy individuals that bought second homes or turned their property into Airbnbs, and large institutions like BlackRock that have been buying up whole neighborhoods for investment purposes. Real estate has now become the primary way investors save because the dollar doesn't hold its value over time. This drives up real estate prices, making the dream of owning a home more and more unattainable for families. What was once a staple of the American dream has grown almost completely out of reach, especially for younger generations. This is why so many are turning to investing in Bitcoin as a form of digital property, one with no maintenance or upkeep costs that you can carry with you wherever you go. And unlike a home, you can buy just a fraction of a Bitcoin to start saving for your future today. That's it for the News Block, your weekly Bitcoin and economic news update. I'm Natalie Brunell. Make sure you're subscribed to Coin Stories so you never miss an episode. Until next time, keep stacking.
A highlight from Part 3: How Bitcoin Fixes Money with Lyn Alden
"And then China, Taiwan, and, you know, they're classified as developing still. But for many practical purposes, they've, at least, you know, they pretty much reach developed status in many ways. And so they've been able to kind of climb that ladder. Also, Singapore was able to do it. So there's been these handful of Asian countries that have been able to do it. But when you look at how many countries there are out there, it's shockingly small percentage of the number of countries that able to climb that ladder in the past 50 years, especially if you say, okay, let's take away oil, let's say you don't you don't find just this massive treasure trove of oil in your country, or something like that. The percentage that have climbed that ladder is strikingly small. And I think El Salvador is taking some of the initial steps that would make that possible. And we just have to, you know, this is a multi decade process. So you have to see how well they can stick with it. This show is brought to you by Wasabi, who I am using to keep my Bitcoin private. Now Wasabi is the easiest way to send and receive Bitcoin privately. And even for non technical people like me, it is effortless and provides privacy by default. Now with Wasabi, there is no minimum amount. So you can start coin joining straight away. And Wasabi makes coin join transactions together with BTC pay and Trezza users and BTC pay server users can make payments in coin join, which saves on fees and is a privacy improvement. Also, Wasabi just dropped a badass new feature. Now Trezza suite users can coin join directly on the hardware wallet, which obviously is very cool. Now if you want to find out more, please head over to Wasabi wallet .io, which is W -A -S -A -B -I -W -A -L -L -E -T .io. Next up we have BitCasino. Now BitCasino was established in 2013. And it's the world's first licensed Bitcoin casino. It is trusted by 10s of 1000s of players worldwide. And not only do they have cutting edge security, but they offer fast withdrawals and VIP experiences that money can't buy. BitCasino has over 2800 games and tournaments for you to try out. And with their 24 seven live chat support, you can always get help if you need. Now if you want to find out more about BitCasino, the first Bitcoin casino to win an EGR award, head over to BitCasino .io, which is B -I -T -C -A -S -I -N -O .io. And please remember to gamble responsibly. Next up we have Unchained. Now the events and exchanges and your private keys, but taking ownership of your Bitcoin keys, you know what, it can be daunting. That's why our good friends Unchained offer a personalized concierge onboarding service. Now I have personally been through this process and set up the vaults for my football team Real Bedford. And you know what, I know this is a personal recommendation here. But the multi SIG solution which Unchained have created is so easy to use. They ship the required devices to you, and they walk you through it step by step so you can understand exactly how the vaults work. Now after you set up Unchained continues to provide you with regular support to help you get comfortable with controlling your keys. So if you've been putting off taking control of your Bitcoin wealth, Unchained's concierge onboarding is a simple way for you to get started. Get it done sooner rather than later. You can book your onboarding today at unchained .com forward slash what Bitcoin did, and at the checkout you can get $50 off with the promo code what Bitcoin did. That is unchained .com unchained .com forward slash what Bitcoin did.
"sooners" Discussed on Talk Python To Me
"Incredible, powerful tools. Then you can write a generator expression, which is a discovered later. A generator expression is to a generator as a lambda is to a function. It's an anonymous generator. That's all it is a lambda is just a very small inline anonymous function. It has the logic, it could take its advice, returns to values, it's a lot simpler, a lot shorter, and you do it right in place. So you're not having to go off somewhere to write a different function and come back. That's why we have anonymous functions so that we can just do it like you see there at the bottom, reduce, and just some rules right there. Instead of writing a separate function. General expression, same sort of thing. We're doing writing some generator logic. It's shorter. It's creating a generator, but it's just a lot smaller. And if you just wrap it in parentheses, you can use it as a generator. But when you change the parentheses to be square brackets, what happens is you're running that generator, and then you're loading all the values into the list. You do it in a curly braces. You're creating a set, or if you're doing the same thing, but you are the return value in each step is a key value pair, then you're going to create a dictionary. But all you're really doing is unpacking that generator into a data structure. So sometimes you want to think when you're mucking about with these, do you really want the data structure when you're done or do you just want to go over the values? Maybe you should just write a generator expression. Yeah, the difference is super subtle like do you have a square brackets or do you have parentheses around the expression? But the effect or consequence of that is very significant at runtime, right? It's kind of like that example you talked about. Putting everything in a lesson looping over it or just looping over it, right? Exactly. And because these are these one liners and we as coders tend to get a text of these one livers just like oh look at all the cool things I could do. I have a couple of examples in the book. So real list comprehensions of come across or some colleagues that might have come across where it's like, it's multiple lines. And that's a bad list comprehension. That's a bad generator expression. Just like you don't want to have a multi line lambda. At that point, write a function. Generator expressions and lambdas are supposed to be these really small short in place bits of logic. And if it's getting complicated, write the full size thing. It's a lot easier to debug. If nothing else is usually the button, but it's also a lot easier to read. It is. It is. Just why we're kind of ranching on these things. I wish there was a way to specify a sort and these list comprehensions, gender expressions, and maybe not the generators because that gets tricky, but so often I find myself. I'm doing a list comprehension, and then I got to turn around and sort it. If it could just add that in there, that would make me happy, but all right. Moving on, packaging, siding on packaging and all that right up front. Actually, before we get to that, I guess the other one that you threw in here is virtual environments. Indeed. Yeah. Virtual environments use them to be. I avoided them for years because I thought all these were scary. I don't understand them. They're not scary. I'm actually gonna I'm actually gonna hijack something I learned from one of my guests away on podcasts recently is what a containers actually are, by the way, docker contains this is where swear this is relevant. You know what a doctor can contain are actually is is the folder on your operating system. And it's just changing the root. So when you're working inside of it, it just changes the bunch of magic logic around that, but that's all it is. It's pretending that that folder is the root, and it's running things accordingly. That's all a virtual environment really is doing either. So there's not a lot of difference between live to python about the path. There's not a lot of difference between the virtual environment of the docker image. The same fundamental concept. So all you're doing is you're creating this little spot on your little fuller and you're saying these are where my python packages and unless you tell it otherwise, don't go looking anywhere else. These are the ones I want to use. And they're super easy to create. It's like one line to create a virtual environment, and it lets you maintain exactly the packages you want, or that particular situation. Once you get used to it, it's great. I remember it being frustrating at the beginning. You're like, ah, I don't remember exactly. How do I create the environment? How do I activate it? How do I know? Do I really need this? And yeah, I don't, I don't start any projects without having them as just straight up using them right away. Absolutely. Yeah. I probably have created them for projects that don't even have external dependencies because I was just on autopilot. Like, oh, actually I didn't need that, but whatever, so good to have. Absolutely, this is a control which python version you're using and then you can install whatever packages you want and you don't worry about messing up your system where users go packages on and a coworker
"sooners" Discussed on Talk Python To Me
"Funny because you get a new technology like, okay, the topic of the minute, Chad GPT, and everybody on LinkedIn is a Mexican chat VPD. Have you noticed that every other post is about Chad's APT is like, well, it's interesting, but it's just a bit early and the early adopters have a lot of egg they're still trying to watch off their face in the last 6 fans. Let's see what happens, but chances are this is just an early hiccup. Yeah. For sure. So you mentioned fast API and SQLAlchemy and yasser out there says super alchemy is the best library SQL committee that's pretty great and it's cool to see Mike Bayer and crew updated to two O and add async in a way to it and stuff. But there's also, especially when you're in pedantic world, say, with fast API, there's SQL model, but also from Sebastian Ramirez that says, hey, we are already doing pedantic for the API or front end exchange. What about what about making that your database? Did you all evaluate or consider SQL model? I did. It's one of those things like this would be great. And I think we can move towards that later, but sometimes when you're paying down technical debt, you have to make a distinction between do I want to make the monthly payment that has to work more than a monthly payment or do I want to try and pay it all off and one thing and sometimes when you're having a budget that time for us, they made the most sense to migrate from the one O that we were working with earlier on to using SQLAlchemy too. And so there was a relatively smaller set of changes that we needed to make. Moving to something like a school model would have would be great, but it would also require us to rewrite some major things. And so that's one of those things like, well, this might be a good option. I mean, it looks really cool, but let's defer that for right now so that we can actually get some stuff done. It's a constant balancing act. Like do we have to pay that on technical debt or build new features? And the answer is yes. You have to do both, but you have to keep it in you have to keep it a balance. Pay down the credit card, but also make sure you're buying your groceries, you know? Yeah. Absolutely. I feel like if you wanted to go that way, the change is pretty straightforward. But if you already have it all set up in the other way, again, it's like, eh, what is the value? Just one thing, the kind of timely as of well days ago, let's see. As of two days ago, the pedantic folks say my Calvin and Terence Dorsey posted, hey, we're excited to announce the first alpha of pedantic V two, and I had Samuel on a year ago to talk about what they were doing there. Wow. But the big news is the headline news in here is they rewrote much of the core of pedantic and rust and now pedantic version two is 5 to 50 times faster. Nice. That's right. That's gorgeous. Thank you. This is just put more work on my blade. That's okay. This will be good. I'll have to bring this up at work of like, hey, I wish you look at this later. Yeah, I mean, I don't think that there's any, I don't think anything will obviously nothing will change for your SQLAlchemy side. But even for fast API, I'm sure that this is going to get rolled in in a smooth way. But it does mean that all that data exchange should just go way, way faster, which for basically no effort on users of things like fast API and SQL model and beanie and all those. So that's cool news. Yeah, definitely. That is neat. Other than the fact that if you do a lot of work in directly in pedantic models, there might be a few small breaking changes, but yeah. Let's talk about our things. The things we wish someone had explained to us sooner. Yes. I guess we can start with this. These things were motivated when we come back and talk a bit more about this at the end. But they were motivated. This whole conversation was motivated. This big long book that you wrote here, predictable python. Give people the elevator pitch and then we'll get something. Exactly. So dead simple python is that book I wish I had, and yeah, I get to use a lot. It's like dead simple and it's that thick. But it's dead simple and the same way that python is obvious. It's obvious retrospective. Things are dead simple once you understand it, you look back and go, oh, okay, that click that just makes sense. A lot of things in python are like that. You look into it, like that looks really complicated. How is this asic supposed to be at work? And then you look back and go, oh, that's all, okay. Now that's exactly. Why was I afraid? Why did I put off learning this for 6 months? Exactly. Things looked more intimidating than they are in practice. But basically, this is the book for those persons who already know another programming language or maybe they've even been working with python for a while. Like they're familiar with the basics. They do not want to have their hand held through the, you know, this is what a variable is. And this is what a function is. They've been through this, probably more times than they want to. Admit to. And they want to get into what's different about python and how to use python as python. I think that's kind of the core of the book is there's a big difference between Python code that works and Python code that makes the most of the language and its patterns. What we would refer to as pythonic code. And there's a big difference between the two, because it's very tempting to come in and write python as Phoebe, that, in my case, 'cause that's where I started or write python as C or write python is Java, python is ruby, and we wind up holding ourselves back and having a really convoluted and hard to maintain code because we don't understand the patterns. So the project took with the book is, let me explain why we do things this way. Let's go all the way down into the internals and how this actually works under the hood. So by the time you get to the width statement, the meta class or whatever you're like, oh, I understand what this is, why it's there, how it's used, and when not to use it. Yeah, that's a great service. So you're saying if I created a class called user factory and it implemented I user factory, and then I would use dependency injection. I might be doing that wrong. You might be writing a C in python. Indeed. Indeed.
"sooners" Discussed on Talk Python To Me
"sooners" Discussed on Wendell's World & Sports
"Sooners are much better now. Are they much better enough to be better than cincinnati or oregon or ohio state or michigan. I don't know. I don't know in in michigan. Everybody talked about Oklahoma what about michigan. What happened in michigan runs the table and beat ohio state. Where that put them. Now we're gonna use the same thing same deal as well. You know sorry. They locked michigan state. So sorry and that discussion is long as michigan. State keats winning and what happens if ohio state beats michigan state but then michigan beats ohio state. That means michigan with jump into on the assumption. They jumped closer to the top. Four or five michigan state ajab would drop because of their loss awhile hieaux state but then the argument could be made. Wait a minute. How you putting michigan over michigan state michigan state be michigan. So i don't know it's you know it's it's just it's just something where it just gives you a headache if you speak too much about it but i am happy and i am pleased that they didn't drink the Power five blood water and You know put A team like oklahoma. You know Higher than the should've and. I'm glad that they did the right thing by Putting oregon over ohio state and again. I'm not gonna flip lose my mind. you know. Go crazy or you know not going to be doing any of that. Because it's the first draft and a lot of football to be played a lot of questions that we have you know with the first draft that are going to be answered as we move along but that's college football in a nutshell All don't look behind the curtain dough peek behind the curtain. 'cause i am the great in Powerful wizard of oz. Not last segment of the program lasts segment of the podcast. Windows world is sports so glad that you could be with us. Thank you so much for listening because without.
"sooners" Discussed on Food Safety Matters
"Need to develop appropriate studies process to produce a food end unnecessary regulations and controls. Okay and avoid fraud and bad experience with the industry. This is the balanced and this is a challenge and let me elaborate a little bit more on trust because i also liked to talk about to the volunteer certification programs and also about government controls great published last year was found that only twenty percent of the consumers have complete confidence. That food is safe to eat. And i think we have to address these okay. Go sooners needs to trust controls government and also the certification programs in my vision most consumers. I'm not really aware of this controls. Probably most of them ever noblesse idea that food products must be controlled semel. But they don't know how a lot can be done. These okay. government should be more open to share information on how what and when they control. The consumers must understand that independently of how many controls there are. there is always a shange Sorry of something going wrong special because no one is controlling as you were telling me before no one is controlling. what consumer is doing itself right. I want to thank you. Nuno for being a guest on the podcast. Yes your your second official time with us and we'll be certain to have you back because there's a lot more to talk about my john down some notes So we can do this again. Awesome about well as you know. It's a really pleasure to be here and they really pleasure to talk with you and well and thank you for the opportunity and thank you for all the good work doing the magazine and the podcast. I'm really i read it. And i used all the knowledge to to sherry the other person. So i am a raven fund from thank you. Thanks again to noon. Suarez and bob ferguson. For joining us on the podcast today and of course thanks to all of you for listening as always find links to the references that we've mentioned in the episode.
"sooners" Discussed on Talk Radio 1190 KFXR
"Oklahoma Sooners on Saturday, October 30th register for a chance to win at Red Raiders contest dot com for two game tickets, airfare and hotel accommodations in Norman. Don't miss out on this opportunity and go to Red Raiders contest dot com Now to sign up today, thanks to Texas Farm Bureau insurance for their support of Texas Tech football. How did all that fiber Max cotton grow so strong? Well, it's been a season sleeping on a bit of rocks, breathing dust and suck can win. It hung out in blistering heat while fighting all posses a vicious pest and diseases. Yes, sir. That bounty of cotton grew so strong by being just as tough as you are. Fiber Max Cotton from BSF always read and follow label directions. Red Raider football's home opener for 2021 comes up this Saturday inside Jones AT and T Stadium. Six o'clock is the kickoff and head coach Matt Wells says he can't wait big game for us around here home opener and protecting the Jones I encourage everybody to come out. Hopefully weekend we can pack the Jones and I know that there's been a lot of efforts around town certainly appreciate those from our marketing people, but also Um, our boosters, donors and alumni to get this thing packed out and get this thing back to to what it used to be around here, and that's a crowd that's extremely passionate about the Red Raiders. We certainly know that we have a you know a role to play in that piece as well to play well in front of our home crowd. Our guys are looking forward to doing that. Saturday night again Kick off his six o'clock, You can listen on the Texas Tech sports network from Leer Fear. Don't forget your smart device to play talk radio.
"sooners" Discussed on Addiction Unlimited Podcast | Alcoholism | 12 Steps | Living Sober | Addiction Treatment
"You should be focused on at this stage of recovery. This is one of the biggest challenges in early sobriety especially the first year even to your in the midst of so many changes within yourself. Your head is clear. Your energy is up and you wanna continue to feel. Better be better. I was exactly the same way in you. Know to hindsight is always twenty. Twenty there is no precise blueprint to healing. And that is the number. One thing i want you to hear. Issues will present themselves as you are ready to deal with them. In that includes trauma. I always knew on some level. I had some trauma i had divorced parents. I had chaos in my life when i was little. I was an alcoholic had terrible relationships. And i made very questionable decisions in my twenties so i knew there were some deeper issues. But that's all i knew and if you're anything like me you may have this sense of something lurking deep below the surface. What i love about. Today's guest is her approach to working with trauma. She makes it feel not so scary and totally doable. I wish i would have had someone like this fifteen years ago. You know heck. I wish i would have. Had some would like this two years ago. When i started working on my own trauma. One of the mistakes i made was. I minimized my trauma. Because i didn't have any big trauma. What i mean by that is i was never in combat. I wasn't sexually assaulted or the victim of violent crime and often those are the things we think about when we think trauma because i didn't have any of those things i thought my stuff wasn't a big deal at the same time. I always felt like there was something internally holding me back like there was just something holding me back from really thriving in my life. What i've learned is trauma is all kinds of things. Things that happen to us every single day divorce hurricanes and fires all other natural disasters. Death accidents car accidents sports injuries. Head injuries in. Not only are these regular everyday occurrences possibly internalized as trauma but trauma is a cumulative. It piles up inside of us day after day year after year. So if you're like me. I don't have the big stuff but i have a million of the little traumas all piled up inside of me. Bogging me down. I've questioned at different stages of my life. If i may have depression and i've examined that what i definitely have days that i'm down. And the solution for that for me is to treat it holistically with exercise and eating foods that support my brain and body to function at their best. But that internal feeling i had was a little different. I never could identify totally with depression. Even though like i said plenty of down days. And i can have some extended periods of time..
"sooners" Discussed on Switched On
"What is it that you want to watch as the uk has completes now their first year with their own emissions trading scheme for me the most interesting how closely the price of the you kids will be linked to the with. yes it is quite possible that reveal. See a link between the uk and yes in the future so for me. That suggests possible price. Convergence between the two markets on another reason for price. Convergence is that we have a lot of uk power companies who have hedged erase and they will likely unwind does had just done by Into the case yes when the price is right for them and the price would be right if there are similar prices between the two markets or if there is a premium on the us so you might have a situation where you have a more expensive eu allowance than a uk allowance. Then you will have power. Companies taken advantage of that by selling off an allowance and buying a uk allowance dot way the price of the eu. Go down and the price of the uk along will go up and v bills. Have some convergence so for me about this The number one thing to look out for the second thing to look out for is newsom linking the two systems it is unlikely that they will be linked by twenty twenty two so probably twenty. Twenty three is earliest possible year. Now of both the eu and the uk agree that linking is advantageous for both sides. The problem is that the carbon markets are not on the top of agenda of the prime ministers of the world or the highest level of government. So it might fall victim to to lodge negotiations between the two parties but hopefully we will see link in the in the next couple of years young. Do you have any final thoughts for us. It's really encouraging to see the market had recovered from the doldrums of twenty seventeen when the reform for twenty twenty one to thirty one taking place. It's really was lost sean sullivan. For the market. A lot of political capital had been spent on it and it was seemingly going nowhere. This is really an example of effective policymaking and how european commission has learned from previous mistakes and they should be loaded for that. We are now in a situation where you idiots is no longer a compliance issue for large corporate entities but it is a real strategic risk going into the future and that is rate needs to be to drive this investment decisions so i would say that the development of the of the is again. This is a really great example of effective policy-making people within the european commission on indie you as a whole really cut themselves on the back for what's happening lost years.
"sooners" Discussed on Switched On
"Investment cycle for these big industrial companies we are typically talking anywhere between five and fifteen years so if we want to decarbonise. Heavy manufacturing industry within the eu by twenty thirty dot investment. Decision has to happen today. And why the high price. Today is such an important signal. For industrially conversation in the future it was time to get cracking exactly. We'd too late. The you should really have started yesterday but we are where we are and the best place know what to say the best place to stop. This is yesterday and failing. Let's stop today. So you mentioned reducing the cost of nascent carbon reduction technologies. i remember. I used to be a ccs analyst a decade ago and one of the ideas back then at least was that they would use the proceeds for you as that were just you know purchased to fund demonstration plans. Is that still the idea. Or what are the proceeds being used for dot is still the idea so we have this innovation fund that will support. Ccs projects hydrogen projects and the like and so One of the advantages. Which us is that. You will get support from the innovation fund and from other sources. But david also help. Avoid the high cost of emitting co two so you have essentially two income streams where if you are a company focusing purely on ccs you could charge your customers..
"sooners" Discussed on Switched On
"You know how the price plays out. Can you explain fuel. Switching and how companies about it feels switching us been dominant form of emission reductions within the eu. At in the past couple of years what that means is so. Markets have an over-capacity within their power market. Coal is generally the cheapest fuel you can use to or coal or lignite generally the cheapest form of fuel you can use to generate power but they are really emissions. Intensive gas is more expensive but only have around half of the emission sensiti of cold so in those markets where we have excess capacity within the power markets and we have both coal and gas plants. What will happen is for the carbon market to balance. There will be a a need for some of those gusts plants to take over a lot of degeneration from some of those cold. Sounds no us. The carbon price goes up. It will become more expensive to produce power both by coal and buy gas but because kohl's emissions intensity is higher that would be affected more at some point when the carbon price gets high enough it becomes economically cheaper to produce power with gas than coal. So you get this dynamic where gas used to be a more expensive option that because of the carbon price it becomes a cheaper option than cold. Dan i don't know about you. But i'm really encouraged by this. Just seems like you know. Maybe i'm naive. But it seems like the eu ets works. It's pulling carbon out of the air right. I think he's in the report said something like one hundred and fifty eight million tonnes so far. I want to say An honest way to. I think it's at two fifty eight. I'm not sure but anyway. It seems as the price goes up when it's low you just pay for it. When it goes a bit higher you do fuel switching than you do renewables and then it makes sense to suck the co two right out of your process you're industrial process and then add more sectors to it and that is why later in the show we're also gonna talk about the uk emissions trading scheme because even though they exited the european union they want to keep the emissions trading part it works it works out licit. It's working until now and it's important to keep in mind that you just can't work alone. Need supporting policy around to drive the price of nascent. Decarbonization technologies down particularly in the rnd face or the pilot face of new technology. So it does work in the sense that it can drive fuel switching and it can also too to some degree will jive renewable spilled. We haven't seen industrial decarbonization yet. So we don't exactly know if it will function when we get to that stage but we believe it will because we're already seeing is hydrogen detroit's coming online and then we talked to companies. They say it is because to expect the carbon price to go up the really important thing to keep in mind this stop deficiency euros or sixty years pro price we have now is an important signal to industrial companies that the market is a has to be taken seriously now so it's an investment signal now to prepare for the future if price was twenty years. Put on this year. That signal wouldn't be a strong. And if we think about the.
"sooners" Discussed on Switched On
"This is a metaphor for your business. Journey sometimes feels like the world is throwing everything at has to succeed. You need someone to guide you through. That's what technologies advisors do. They have the tech advice to help you..
"sooners" Discussed on Native Opinion Podcast an American Indian Perspective
"So <Speech_Male> <SpeakerChange> <Silence> <Advertisement> <Speech_Music_Male> here <Speech_Male> in fact acknowledging <Speech_Male> mr sinclair <Speech_Male> what system. <Speech_Male> Systemic <Speech_Male> racism <SpeakerChange> actually <Speech_Male> is <Speech_Male> <Speech_Male> <Speech_Male> that is your acknowledgement <Speech_Male> of knowing <Silence> that those <Speech_Male> <Speech_Male> beliefs philosophies <Speech_Male> and thinkings <Silence> <Speech_Male> are <Speech_Male> are in place <Speech_Male> in working <Speech_Male> as intended. <SpeakerChange> <Speech_Male> <Speech_Male> <Speech_Male> <Speech_Male> <Speech_Male> So i think if you're <Speech_Male> an acknowledgement. <Speech_Male> Mr sinclair <Speech_Male> <Speech_Male> mean to acknowledge <Speech_Male> it. <Speech_Male> <SpeakerChange> <Speech_Male> <Silence> So <Speech_Male> what <Speech_Male> we have to do <Speech_Male> going <Speech_Male> forward is <Speech_Male> to keep <Speech_Male> up the pressure. <Speech_Male> <Speech_Male> Steady <Speech_Male> indirect pressure. <Speech_Male> We have <Speech_Male> to keep up pressure <Speech_Male> on these entities who <Speech_Male> have <Speech_Male> for so many decades <Speech_Male> taken advantage <Speech_Male> of <Speech_Male> native peoples <Speech_Male> <Speech_Male> in any way <Speech_Male> shape form <SpeakerChange> or fashion <Speech_Male> possible. <Speech_Male> <Speech_Male> <Speech_Male> <Advertisement> Those <Speech_Male> <Advertisement> organizations <Speech_Male> <Advertisement> and <Speech_Male> governments <SpeakerChange> have to <Speech_Male> be held accountable. <Speech_Male> <Speech_Male> <SpeakerChange> <Speech_Male> <Speech_Male> You know there's there's a <Speech_Male> saying <Speech_Male> excuse <Speech_Male> me. 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Ignorance <Speech_Male> is no excuse. <Speech_Male> <Speech_Male> <Speech_Male> While i <Speech_Male> say that same thing <Speech_Male> to non natives <Speech_Male> who <Speech_Male> <Speech_Male> continue to <Speech_Male> <Speech_Male> be exploitive <Speech_Male> <Speech_Male> racial <Silence> <Speech_Male> <Speech_Male> and just <Speech_Male> downright greedy <Speech_Male> <Speech_Male> <SpeakerChange> <Speech_Male> those <Speech_Male> who claim well. <Speech_Male> I didn't know <Speech_Male> this was happening <Speech_Male> to native people. <Speech_Male> I didn't know <Speech_Male> native people <Speech_Male> this or native people <Speech_Male> <Advertisement> that ignorance is <Speech_Male> <Advertisement> no excuse. <SpeakerChange> <Speech_Male> <Speech_Male> <Speech_Male> <Speech_Male> <Speech_Male> Go find out <Speech_Male> <Speech_Male> learn. <Speech_Male> Why <Speech_Male> <Speech_Male> <Speech_Male> do what <Speech_Male> you need <Speech_Male> to <SpeakerChange> do <Speech_Male> to stop it. <Speech_Male> <Speech_Male> <SpeakerChange> <Speech_Male> There's <Speech_Male> no reason <Speech_Male> <Speech_Male> to <Speech_Male> participate <Speech_Male> in that type <Speech_Male> of behavior. <Speech_Male> <Speech_Male> No <Speech_Male> reason at all <Speech_Male> <Speech_Male> native peoples <Speech_Male> have always <Speech_Male> been demonized. <Speech_Male> <Speech_Male> <Speech_Male> By <Speech_Male> non natives <Speech_Male> especially <Speech_Male> the government <Speech_Male> <Speech_Male> as being <Speech_Male> like <Speech_Male> adversarial <Speech_Male> <Speech_Male> murderous <Speech_Male> savages <Speech_Male> bloodthirsty <Speech_Male> <Speech_Male> <Speech_Male> in relation <Speech_Male> to the <Speech_Male> push west <Speech_Male> and <SpeakerChange> even in <Speech_Male> the east <Speech_Music_Male> <Speech_Male> <Speech_Male> up on <Speech_Male> <Speech_Male> arrival <Speech_Male> of colonials <SpeakerChange> from <Speech_Male> europe. <Speech_Male> <Speech_Male> People <SpeakerChange> <Speech_Male> we were defending <Speech_Male> our homes. <Speech_Male> Our families are <Speech_Male> ways of life <Speech_Male> <Speech_Male> <Speech_Male> again to label <Speech_Male> somebody adversarial <Speech_Male> or <Speech_Male> as an obstruction <Speech_Male> <Speech_Male> or warlike <SpeakerChange> <Speech_Male> or bloodthirsty. <Speech_Male> <Speech_Male> <SpeakerChange> <Speech_Male> You're <Speech_Male> demonizing <Speech_Male> groups of people. <Speech_Male> Who were fighting <Speech_Male> for their survival. <Speech_Male> <Speech_Male> Who are fighting <Speech_Male> preserve <Speech_Male> award <Speech_Male> fighting to preserve <Speech_Male> their homelands <Speech_Male> <Speech_Male> <Speech_Male> to protect their families. <Speech_Male> The <Speech_Male> cultures <Speech_Male> so <Speech_Male> shame you <Speech_Male> <Speech_Male> <Speech_Male> governments <Speech_Male> <SpeakerChange> historians <Speech_Male> <Speech_Male> <Speech_Male> <SpeakerChange> <Speech_Male> readers <Speech_Male> of history <Speech_Male> for <Speech_Male> subscribing to <Speech_Male> such heinous <Speech_Male> descriptions <Speech_Male> of people <Speech_Male> <Speech_Male> who are who are <Speech_Male> doing the same thing. <Speech_Male> The you <SpeakerChange> yourself <Speech_Male> will do <Speech_Male> <Speech_Male> if <Speech_Male> put in <Speech_Male> that situation. <SpeakerChange>
"sooners" Discussed on Native Opinion Podcast an American Indian Perspective
"He can trading post for being an advertiser around native opinion on today's show. We will talk about sex trafficking. Sting mets Enbridge pipeline workers and canada's poplin regulator says. It's taking a stand against systemic racism. So let's get right into this first talking point sex trafficking sting nets enbridge pipeline workers. This story was brought to light by. Mary timber for indian country today. And i guess some people could say. It's better late than never to do something. But i have a different opinion on that. No share that. In a moment and seven men arrested during sex trafficking sting in northern minnesota have been charged solicit solicitation including two workers for enbridge pipeline contractor in a statement sent indian country today precision wrote and i quote the two workers were terminated immediately when the company learned they had violated zero tallinn's tolerance for illegal behavior in quote. Well i'm glad they fired them. That's progress. I guess one could say but in a report filed by i it's worldwide the university of colorado at boulder and a report by the us department have shown that areas in which extractive industries operate experienced higher rates of sex trafficking in quote during the minnesota public utilities commission hearing lam told indian country. Today at least two of seven man arrested for six trafficking in northern minnesota worked on the line three project and we've heard a lot about lying three and that's the enbridge oil project. The men arrested two in a three day sting after talking with undercover agents. Excuse me on what. Law enforcement officials described as sex advertisement websites. The men were arrested when they arrived at the arrange meaning place for sakes according to officials six men with charged with solicitation of a person to believe to be a minor another what's charged with solicitation to engage in prostitution and with carrying a pistol without a permit the official said in a quote from sheila lamb of the minnesota missing and murdered indigenous women's task force. I quote those arrests aren't surprising but it's very sad when you've been warning about for years actually comes what you've been warning about..
"sooners" Discussed on Native Opinion Podcast an American Indian Perspective
"Able on the only knew how this genocide on slave to these things. There was you quite every good morning. You've.
"sooners" Discussed on ESPN Chicago 1000 - WMVP
"Oh, my goodness. Bulls are back in front of the biggest shot of the night with the offerings in around here. Is Soderbergh in the front of the necessary pass. Shut this door yet. Mark. What a play by Soderberg. Great shield of the park with his backside, and he put it right to the goal mouth and on the Hawks, despite being outplayed at the lead, offensive rebound, Fatty is young keeps his foot to get the ball. Yeah, Somebody's gotta help him. Finally, Valentine does and then triggers a quick three stopping Denzil big time bucket to go up five in overtime domestic off You only get us far a center table. A chip chase. He gets there looking to sweep in a front company. He's guard. That's all because of Brandon. Hey, giggly tipped it and chase that he got it in front on DCU, Billy. Hangs at home. The Hawks double believe there's will be late. The clock gotta take it. They left him open and he could not come out that this young Is there bad that pen. See why it's come up big tonight for the Bulls Racing up the ice half a minute remaining in O T two on one out of two on one the other way. Sooners got it. He's up with Billy. Sitter globally. Here's a chance to win it. He does Hawks win dominant company got a two on one rush late in OT. The Hawks win it toe pick up their sixth win in their last eight starts. Wow, Big win! Big win! Yep. Big win for the Bulls. Yep, That's a heck of a win to go down the ending. You get Linda Carter back in shorter minutes. Then he'll play as he works his way back from injury. Bulls find a way to win a basketball game last night, the Blackhawks find a way to win. Ah hockey game. We're discussing those two teams and we get talk bulls basketball hoody with our guy. He is Adam. I.
"sooners" Discussed on KLBJ 590AM
"So, uh, it will never be dial back the NC double late because I'd say that was that was an entertaining game last night, albeit lopsided. It didn't draw that much. 18.7 million was one of the lowest lowest of all time. That's why I think there is potentially a problem if Alabama doesn't start running the clock out in the middle of the third quarter. I mean, that game was going to be four hours 45 minutes, something like that. We were on on pace for that thing to go forever. Let me throw something out. We talked about yesterday. That's why you need to expand the playoffs. So you don't have the Alabama Clemson's and Ohio State's every year. J. Vito back me up on this, I did I did I discussed before you came on. So add the 50 to 24 is the exact same score that A and M lost Alabama by and Maggie's on the Internet last night, were somehow explaining. That's why they belong in the college football playoff. It doesn't add up to me to me. It means nobody belong there, except for alibi. And and and Alabama was going to win, no matter what. But why? I don't understand. Why do we need to expand the playoff? What does that Because because for excitement because it's turning stale because every year it's the same school same three or four schools. We need to make it like the NC double a tournament where sometimes you have a Cinderella in there. You put some Cinderella in some situations put the Cultural Carolina's put them liberties in there puts it. Cincinnati's in there, put the s and using their, you know, Get some of the teams. That's out of the power five. That could surprise somebody. Cincinnati almost beat George. I know Georgia had a lot of opt out, but still I think that would lead to be lied to Maurizio I'tm Mint. You know, it would totally Leedham workshop because it's becoming stale right now, With Alabama and Clemson, Ohio State dominating and you throw in the Sooners, too. You know it zoo me It's stale and almost an afterthought. We we did talk last hour. At about is is Alabama bad for college football? Because they they seem to just win every other year, seven titles now for saving more than anybody ever. He's 69 years old. Over under 2.5 more Ah, I think under and we had to be under. Yeah, it's got to be under saying that he may be what you know how much time does he have left on this contract? I mean, it's a lifetime. I understand that, but it isn't really or I mean, I think he's Yeah, I'll tell you guys not now that Steve Sarkisian is officially here and it's talked in this would warn the burnt orange No take backs because last night and maybe they did you guys notice this? Felt Nick Saban had a lightness to him that I had never seen him. You know where with one of the titles. It wasn't the Texas one, but there was one that he won. And afterwards he just seemed grumpy, like like he couldn't wait to. He needed to be out on the road Recruiting. At that moment, he couldn't even take the time to lift the crystal football. And last night, he seemed to do not have that He seemed light and happy and he was smiling is very historic. And I'll tell you what there was a part of me. I like had a little a pit in my stomach. I was Like man. He's about to retire and they're gonna offer Steve Sarkisian the job he started. You're never gonna get on the plane. He's going. He's here. He laid it on the plane, and I wouldn't even bring it up if he wasn't already here, Okay, But that's what I was thinking that last night, so I don't know. I hope that he's embracing his own greatness because, like you said, the guys always like, what's next? What's next? Let's recruit what he did last night. Again, not only a Diddy Diddy surpass her tied Bear Bryant. He pay past him last seven. Nobody's ever won. Seven. Not only did he surpassed Bear Bryant, who you know, was on such a pedestal, right? He has currently Maurin at ease than all of the other active coaches combined. If you saw the picture of him out there, I don't know if it's Photoshopped or whatever, but he's just kind of like leaning. And it just rings. All those championships are right there. Hopefully he deserves to enjoy that for a moment that was very insightful job was thinking the same thing because they looked happy last night. He usually scowling and pissed and mad at the media mad at somebody, but he looked like he was genuinely happy Landlord Awas. It was like The Joker creating his own Batman sending Sark to Austin, knowing that within years here we come for you. We're finally going to give you a run for your money, Nick. Let me tell you. What did you see the reports you? Maybe that? Did you talk about the new offensive coordinator? Alabama? You can't win them all out. Got camel. My lord. This gets over. Now it's over Bruce Feldman over. It's reported that Bill O'Brien has visited Tuscaloosa and is in line to succeed Steve Sarkisian as Alabama's offensive coordinator,.