40 Burst results for "South Africa"
WTOP 24 Hour News
Fresh update on "south africa" discussed on WTOP 24 Hour News
"To you by PanFed. Great rates for everyone and Joan Donner. This is a Bloomberg Money Minute. Would you pay about ten and a half bucks a month for access to an ad -free version of Facebook or Instagram? The Wall Street Journal says Meta Platforms has talked about introducing subscriptions starting at 10 euros a month for users in the European Union who want to opt out of targeted ads. The report says roll that out in coming months to get around EU rulings that restrict data collection. Each linked account would cost another six euros. When the Hollywood writers strike ends more people may be trading down to the ad and supported version of Netflix. Dow Jones says Netflix plans to raise the price of its ad -free service a a few few months after the strike ends no word on how much. On Wall Street a jump in the number of August job openings fueled worries about higher interest rates for longer. The stock averages fell about one and a third to The nearly two Dow percent. down 431 the Nasdaq 248 the S &P 59. From the Bloomberg newsroom I'm Joan Doneger on WTOP. Asia -Pacific markets all lower a couple of them are down about two percent. Well the president's son Hunter Biden answered a not guilty plea on federal gun charges today. Earlier year this Biden made a tentative plea deal with the Justice Department on charges but the deal fell apart at the last minute back in July. CBS News senior investigative correspondent Catherine Harrige has more tonight on WTOP. She spoke to us a little earlier and she was inside the courtroom today for the proceedings. This charge which bars a drug user from owning a weapon and their view is unconstitutional and a violation of his second amendment rights and the reason that's probably the strongest leading argument for the defense is that the Fifth Circuit recently rules that this was unconstitutional, that restrictions that are placed on owners gun that were not in place when the Second Amendment became part of the Constitution, they are going too far. The case is on track for a possible trial next year. New York City mayor Eric says he's going to travel to Mexico, Ecuador and Colombia to discourage people from seeking asylum in the city. The Big Apple has absorbed almost 120 ,000 migrants over the past year with hundreds still arriving daily in need of housing and employment. Adams has recently made pleas for a shift in federal immigration policy and for funding to help the city manage the arrival of migrants. We're going to stay in New York City just in a couple of minutes here to talk about the Donald Trump civil fraud trial and the fact that judges now issued a gag order. We'll check in with Politico next. For Mervis Diamond Importers, I'm Ronny Mervis. I was raised near the diamond mines in South Africa and like every Mervis diamonds are in my DNA the history of diamonds ...in Africa and of the Mervis family run together. As kids, my brothers Kenny, Zed, and I rode
Crypto Banter
A highlight from It's Over.
"Brand bigs for one week, this is what I have to deal with. She's pissed. So you know the saying, if the cat's away, the mice will play. So it runs away and like people are not going to fucking work. Sure, it's actually absolutely manic in there. I take a few minutes break just to get out of the madness that's going on. It's definitely the biggest conference that I've ever seen. And I'm running around like a mad person. I'm absolutely having the time of my life. So we're at token 2049. I'm not going to lie, it kind of looks like a bull market. Like it looks incredible here, I've met a lot of cool fans already. And now we're going to the Birdgate yacht party. So it's my disclaimer, it's my first yacht I've ever been on. So I'm super excited for that. What's up, Brian? Did you see there is drama in crypto land, or at least in influencer land. Crypto Rover took Miles' tweet, now they're fighting with each other. So you can see over here, Miles, congrats on surviving the longest bear market in Bitcoin history. They'll still call you, keyword, lucky next cycle. Crypto Rover, exactly the same tweet. Yet in the next cycle, many will still label it as luck. So he did change like one line. And there's another one over here, look at this one. Here he's showing the stablecoin market cap going down, Miles. And then you've got Crypto Rover, stablecoin market cap going down as well. We're just in that phase of the market cycle, everything is boring, people are copying each other, fighting. Yeah, welcome to the bear market. One of the things we've spoken about a lot this week is around people stealing our content. People repurposing our content or copying our content to try and get clout. And there's an account called Crypto Rover. And we've seen that recently Rover's been copying our material and tweeting it as if it was his own. And then what happened is, Ron found out about it and he confronted on what? On Twitter, he literally typed it to Rover, hey, why are you stealing Miles' tweet? And then two days later, Rover copied one of Ron's tweets. If you think about it from the perspective of the Twitter algorithm, it's a really smart strategy, but I think it just lacks a bit of integrity. You've got to understand, people work hard to try and bring creative things on Twitter. To just take someone's information and just tweak it and then take clout for it, it's not cool. Now, I know Dan. Dan's quite a smart guy. And it disappoints me to see that that's the tactics that he's resorting to. As we're approaching the yacht, I look to my right and I see Crypto Rover. He's here. And I'm thinking, this has just become an incredible trip. Good, you're pushing through, eh? Still living in South Africa? I am, I am. I'm going in January for something. You must come see, you must let me know. Yeah, let's do it, bro, I'll take you around. Have you seen Ron yet? What happened there? No, not yet. Have you seen him? No, not yet. I probably will see him in the coming days. Probably by then, we're going to go to the... Yeah, definitely. Because I was confused, I was like, what the hell, you guys met each other then? I don't know what happened. Because, like, from my opinion, what happened is that first of all, I was like tweeting and Rand was posting on my account, reacting to my tweets like, oh, this is fake news or this is that. And I sent my sources to him and he doesn't reply. So I thought, okay, maybe he's got something against me, I don't know. And then like the glass note shark about the bear market, like so many people tweeted about it on the internet, tweeted about it five times, but with a different text because I tweet 40 times a day. So sometimes I post the same stuff. And you said I was copying now this or that. In the end of the day, you can literally see my page that I posted it four times before. So you're going to try it, you guys are going to chat it out? I definitely want to chat it out. We need to come together, we can't. I don't want to have to be with anyone. So his side was saying that, you know, he was posting these things a while back and they actually possibly copied him and he posts 30 to 40 tweets every single day. So he needs to use stuff and things like that. I don't know, it didn't sound super convincing to me. I like the guy personally very much. I've met him a few times. But I do think he was wrong in this instance. And when I got his side of the story, I wasn't super convinced. It's just a bunch of egos and I just don't swim in that lake.
WTOP 24 Hour News
Fresh update on "south africa" discussed on WTOP 24 Hour News
"The past couple of days two million of it comes from jeff yas the billionaire founder and managing partner of susquehanna investment group another million dollars comes from g o p mega donor thomas peter fee who has said he'd like to see young can join in the g o p primary in next year's presidential race young can says that his focus when it comes to campaign is on winning a republican majority in the state senate and holding on to the g o p majority in the house of delegates his campaign says that in the third quarter governor young can raise nearly five times more than any previous virginia governor well coming up here on w t o p are you tired of your personal info being shared by companies online there's there's an app for that now we'll talk about it with the washington post jeffrey fowler stay close to w t o p tonight from importers i'm ronnie murvis i was raised near the diamond mines in south africa and like every nervous diamonds are in my dna the history of diamonds in africa and of the murvis family run together as kids my brothers kenny zed and i rode our bikes on the mine dumps at night we'd listen to my father talk about the
Evangelism on SermonAudio
A highlight from Soul Winning 101 - The 5 W's of Evangelism
"All right, hey folks, good evening. This is Daniel Karzewski coming to you live from Washington, D .C. again. Here on tonight's episode, we're gonna talk about soul winning 101, or also known as evangelism 101. And so, first of all, there's five basic questions that you have to answer, and that's the five Ws, the who, what, where, when, why. And what are we doing this for? So, number one, what is evangelism or what is soul winning? It is going out and snatching the souls out of the gates of hell, or out of the pits of hell. But furthermore, what is evangelism specifically? And it comes from the root of the Greek word angel, which also means messenger, or also known as the act of sharing the message of God's word. And that's where we get our commission and our commandment from in Matthew 28. And we're supposed to go forth and share the gospel, which means the good news with everybody, because sinners need to have their sins forgiven, and lost people need to know that they're lost, and they need to know that they can get a savior, and they know that they can get out of their wicked, wretched lives that they're living that's not taking them anywhere, especially not in eternity's sake. And then number two, why do we evangelize? Well, number one, we're commanded by God there in Matthew 28, like I just mentioned, and then also for the glory of God and the good of man, and 2 Peter 2, 9 tells us. Then where are we to go, and where are we to share it? Well, everywhere, near and far, indeed, the whole entire world, just like Acts says in chapter one, verse eight. And then, when are we supposed to do it? Anytime, anytime the Lord leads us and tells us. I think it's almost always that we've got tracks on us, and we're handing them out to everybody that we meet. We don't even know these people, but God knows them, God sees their heart, and God wants to save them. In 2 Timothy 4, verses two, that's where it tells us, anytime. And then who are we supposed to do it with, and who are we supposed to share it with? To everyone, to all, to all people in the whole entire world Mark 16, verse 15 commands us. And then, of course, there we've got some different tools in the toolbox, we've got spiritual warfare, we've got different equipment, different weaponry, and Ephesians 6 that we see putting on the whole armor of God, using prayer as a weapon, as a sword. Then we've got apologetics in 1 Peter 3 .15, be ready to answer every single man. And then we've got different techniques, we've got Jesus's example, we've got different ways to relate and create and convict and reveal to people. Then we've got one -on -one situations, we've got tracks, we've got door -to -door, we have different events and signs, public proclamation that goes out, we've got people that go out and play music and dramas and do skits on the street, in churches, whatever the case may be, there's all different types of ways to do it. And then, what's the biblical method of the gospel presentation? Well, I mean, it's just like, what would Jesus do? Ray Comfort has a great ministry called the Way of the Master, and he goes out every single Saturday, matter of fact, I've been out there with him on occasion and seen him and got to pray with him and got to watch him, and it's really just such a blessing to be able to see that man's ministry the way that he does it, and that's the same way that we're trying to do it. And if you're looking for a good example of a way to evangelize, follow Ray Comfort's way, the Way of the Master, and it's the biblical way, and it's the law in the evangelism, because you've got to get the sinner lost, oftentimes, before they can realize their need for a savior. And that's just like John 4, verses three through 30 tells us, it tells us we need to use the law in the evangelism, as opposed to some type of life enhancement where it's Christianity and getting saved and Jesus Christ on the cross, it's some good luck charm that we wear on our necklace, and that gets us saved, that couldn't be farther from the truth, and so we need to get people out of that thinking, and we need to use the law to convict people that they are sinners and that they are in need of a savior from hell and eternal damnation and hell fire and brimstone and get them to realize that heaven is so much better. I mean, we shouldn't have to scare people into heaven, but it says, just like in Jude, verses 21 through 23, that there are some that are saved by fire and some that are saved by compassion. And God tells us unto the proud man, he's gonna receive judgment and rebuke and reproof and condemnation and judgment. He's gonna receive the word of God because he's not understanding the spiritual things. He can only understand the natural things of man. But then under the humble, he receives grace and mercy, love and kindness, forgiveness, and he's willing and ready to receive, you know? And I've seen people like that on the street before. And then who is to evangelize? Who is qualified? What are the qualifications? Ephesians chapter four, verse 11 through 12, and then we've got the examples in all of scripture, Moses, Gideon, Jeremiah, Peter, James, John, Paul, and the list could go on. We could go on all night listing every single person in the Bible who was somebody that was out there evangelizing and witnessing and using God's word as a message to reach the loss for their generation. And that's what we're called to do. We're called to reach our generation for the loss. However many years that may be, I don't wanna go another day without telling somebody about Jesus. I mean, life is a vapor, and what are you gonna do? You gonna get to 80 and, oh, well now I'm gonna start working. And matter of fact, I've seen that. I've seen a 72 -year -old woman get saved, and she said, wow, I wasted 72 years of my life, and nobody wants to be like that. I sure don't wanna be like that, you know? In the 30s, thinking about, man, okay, well, what should I do for the next 40 years? Should I just waste them and see as much gain as I can get? Well, I mean, Solomon told us that all is vanity. He was chasing after the wind his whole entire life. He strived after every pleasure he could possibly get his hands on. And he said all was vanity. And the end of the preacher is to do God's word, obey his law, be righteous, and worship God and serve man. That's the end of the law. That's the end of God's word for man, is to obey him and worship him and serve others. And that's the 10 commandments. That's the whole entire word of God summed up. It'd be Jesus said it too. He said, love God with all your heart, mind, soul, body, spirit, and love your neighbor as yourself. And if we do those things, we've done all the law and the prophets, praise the Lord. And then finally, evangelism and you. There's different styles of evangelism. Everybody can evangelize in some way, shape, or form. You don't have to talk, but I remind you that Moses and Jeremiah and many other preachers and prophets said, Lord, I can't speak, I'm a small person. I mean, David started out small too and we all start out somewhere, but there's different types of serving. You can just give somebody a bottle of water and a track, whatever the case may be. Anytime we give food to the homeless, we always give them a track with it because you never know. We don't give money unless we're given to specific charity or we're given our time or we're given to a local New Testament church that's gonna gain, gather food and we're gonna go out and serve the food ourselves. And I really don't give to a lot of big charities out there because unless I know that they're extremely reputable and they're serving the Lord Jesus Christ. I mean, I know my friend Matt, he's down in Malawi, South Africa. He's doing the Lord's work there. He takes 12 disciples every three years and disciples them and sends them out as pastors. It's a perfect biblical ministry and I love it and I love supporting him because every time I send them 50 or $100, I know that's gonna feed one of their students for a month or two on end. It's gonna be wonderful. And so there's a great need for evangelists and the urgency of evangelism in today's day and age. And so that is Soul Winning 101 wrapped up. I love y 'all, God bless. Like, comment, subscribe, send us a note. We love you all, take care and God bless. We'll see you next time.
WTOP 24 Hour News
Fresh update on "south africa" discussed on WTOP 24 Hour News
"Mervis I was raised near the diamond mines in South Africa and like every Mervis diamonds are in my DNA the history of diamonds in Africa and of the Mervis family run together as kids my brothers Kenny, Zed and I rode our bikes on the mine dumps at night we'd listen to my father talk about the diamond mines today Mervis still operates in Africa this gives Mervis diamonds the advantage we import the finest diamonds cutting out the middleman so you Mervis save diamonds are amongst the best in the world and now they're available for less than you think Mervis diamond importers. It's like going to the mines yourself without getting dirty. Mervis diamond importers. Mervis means more diamonds, much better quality and the most value. Mervis is the ringleader for the latest engagement rings and wedding bands. Easy financing is available. For an appointment go to Mervisdiamond .com or call 800 -HER -LOVE that's Mervisdiamond .com or 800 -HER WTOP at 538 we've got
The Café Bitcoin Podcast
A highlight from Swan Private Macro Friday with Steven Lubka, Sam Callahan, John Haar, and Terrence Yang - September 22nd, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. This is like a rabbit hole, but, you know, posture is a very interesting topic because there's lots of studies out there that show that actually fixing posture doesn't do absolutely anything to preventing pain. So you could say posture is a shitcoin. The best way to fix your posture, I think, is just sell your chair. So, Sam, I've been doing a muscle activation technique, which is basically a realignment of your nervous system, I guess, so you have a bunch of different muscles that help your joints to mobilize your joints, and oftentimes we get micro injuries and some of these slow twitch deep muscles stop working and then your body compensates, of course, by utilizing other muscles around that muscle group or within that muscle group to compensate, and sometimes those muscles start refiring again and sometimes they don't. And so I've been doing this thing called muscle activation technique, and my posture has actually improved because this technician has gone through and ensured that all of these muscles that are around these joints for mobility and range of motion are activated. And I feel I actually it's almost like magic. It's just really weird thing because you don't really you can't really tell what's going on because you don't really feel a lot of these muscles individually. But after doing this for about 10 sessions now, I feel better physically than I have in a long time. My posture is better. It feels like my body is working in much better than it has in the past. And it's really been it's really and he and he actually and people have noticed my posture getting better. And it's just a really it's it's probably the best health care money because he doesn't take insurance or anything. It's probably the best health care money I have spent in the last 20 years. Wow, that's quite an endorsement. Well, that's great. Happy it's up for you. Muscle activation techniques. What's up, Terrence, Dom, good morning. Yeah, I've been working on my posture, too. I look back at like old bull market charts, Bitcoin, and then in my posture, I like puff up and my everything kind of comes much better. I just have to go on internal team videos, watch my great colleagues, Steven Lubka and put them. Sometimes they look the same to me because they have the exact same posture and they're the same height. But yes, that's always a good reminder to improve my posture. That is true, as you learn about Bitcoin and you stop watching every single five minute candle staring at the chart and just stop worrying and go outside and start learning about other things, start learning about the network, reading books, the posture improves. So there's a little benefit there. Dom, yeah, I saw you make an announcement about the proof of workforce. Congratulations. Pretty cool. You want to tell us a little bit about it? Yeah, thanks, Sam. I got a little background noise because I'm on the big red. But yeah, really awesome to get that thing up and going. We put it, we tweeted out our board, which is, in my opinion, an unbelievable board of directors, including, I see in the audience, the one, the only Joe Carlasari. So I got mad BJ Dictor sound effects. I got my BJ Dictor sound effects loaded up right now. So, yeah, no, just doing great stuff, doing some great work, really excited for it and excited to talk more about it at Pacific and connect with anyone who's looking to bring Bitcoin to workers and unions and other membership based organizations. So really cool stuff. And yeah, man, super pumped. Yeah, I think it's a super cool nonprofit just working for, to educate people about Bitcoin, these unions, these pensions. Congrats on getting that off the ground. I think it's a really important effort for the next bull market to kind of start protecting workers and their future retirement. So with Bitcoin. Yeah, it's a tough group to crack sometimes. And it really helps, you know, was thinking about like, what's the best model and the nonprofit model being able to come in with no product? No, like, hey, sign up here. Like, hey, here's the cards on the table. We want to help you figure out how this works with your organization, whether that's just education, whether it's adding Bitcoin to the balance sheet, you know, enabling lightning payments for your members, you know, whatever that is, we just want to provide the tools and then let them kind of find their way on their own. Yeah, probably use the Nakamoto portfolio. That's a great tool right there. It's going to help a lot. Check it out. Nakamoto portfolio dot com. Play around with those tools. Extremely powerful. Yeah, that's a great tool for sure. Kind of pivoting a little bit, but like. Did you guys see that video of the guy getting his engagement ring back on like a reality TV show and then saying, you know, oh, that's a Bitcoin. That was hilarious. I could play it for you if you want. Yeah, why don't you play it? Vanderpump rules, right? You're still wearing your engagement ring, huh? Yeah. Yeah. I'm I'm going to give it back to him. Do you want to know? I mean. Don't give it back. No, I'm not going to keep it right here. Thank you. That's a Bitcoin. I love that so much. It's like every Bitcoiner thinks that you start like pricing in everything in Bitcoin. It really does become your unit of count in your head. Once you give the girl the ring, don't take it back. Yeah, you're going to want to make sure you're. You're positive on that one. Another reason not to put data on the base layer, right, like marriage certificates. I kind of think the days of expensive engagement rings and expensive weddings are going to end fairly soon with housing affordability at all time lows and so forth or in all time lows for at least for decades. You mean because diamonds are a shit coin and they dump them in the in the ocean off of the coast of South Africa? Yeah, basically, I think it's already the demand is already down, but it needs to kind of die a permanent death. I think the greatest marketing campaign ever. Yeah, diamonds are a rabbit hole. Like I'm going down that rabbit hole, the De Beers company and how they control a monopoly on the entire supply. And it was a huge marketing campaign. And there's no scarcity there. Girls aren't going to want to hear that, but only it's only for certain only for certain sizing and color. But yeah, then there's like these lab diamonds, right, that you can't even tell the difference now that are better. Yeah, I'm not going to get one of those, but they're shit coins. There's no scarcity to them. And they're wow. Really, Sam? It's progressed that far. You're already thinking about a ring. Congratulations. You heard it here first on Cafe People. I wouldn't go that far, Peter, right? But if I was, there's no way I'm going to get her a lab diamond. I saw this video of somebody like in the front row of an NBA game. And I guess there's like a gun that you could check rings to see if they're lab grown or they're regular. And they were going down looking at the big rocks of these celebrities. And this guy, his wife's ring, and then it shines red that it's a lab diamond. And she just gets so pissed off and throws it at him and runs out of the game. Whoops. Rug pull. Rug pull. Or that gun was inaccurate. Because again, you're like trusting the third party source. That's the whole point of bringing it back to Bitcoin. But that's the whole point of Bitcoin is you can self verify that you got real Bitcoin from whoever sent you Bitcoin because you're running your own node. Whereas with whether it's gold or diamond, like the Chinese got swindled for billions of dollars. I think of fake gold bars that were actually tung sun and just gold plated. I like how quickly you think on your feet, Terence, but I don't think she's going to buy it. Yeah. Terence is like, oh, did you think about the gun? It was the gun, bitch. It was the gun. Oh, my God. Hey, guys. So a friend of mine, actually, this is timely. A friend of mine just bought a lab grown diamond and he paid 1500 euros for it. It was 3 .07 carats. And a traditional diamond would have cost about 50 grand. So it's completely destroyed the price of diamonds, man. That's insane. Yeah. Over three carats. And it's chemically, he showed me the certificate is chemically identical. It's still got slight flaws in it, but they literally just they're basically just printing diamonds now. Right. So they've become dollars. I thought it was funny. That's hilarious. The stock to flow is going down for diamonds. Anyway, his wife, she's delighted. She's got a $50 ,000 diamond around her neck. Does she? Got to get one of those guns around here. So check out, check them all. Yeah, I'm intrigued about that gun because what he was saying to me was that he said chemically, they're identical. So I'm not sure what the gun's doing to identify it being a... They find the flaw, right? Because natural diamonds have flaws. So if it's natural, there's going to be a flaw. It's inevitable. You can't see it, but you can see it under like a magnifying glass or whatever. Well, I saw the certificate of this lab grown diamond and it had flaws in it as well. Oh, wow. Yeah, they artificially create the... Yeah, Chris, did you verify that there was a flaw? That's a valid point. I mean, I did trust. I didn't verify. So I stand called out. Yeah, a lot of Bitcoiners are pretty hesitant to separate with their sats. But I think a white is a good investment. That's when you know you got a keeper. Like I was going to buy you a diamond ring, babe, but instead I stacked into cold storage for us. For us. Sam, you might have something there. A ring that's a self -custody hard wallet. You might be something there, dude. I'm actually seeing... I remember in 2017, I saw rings and watches with like little tiny QR codes in them. I don't know if it's a good idea to have a lot of your Bitcoin on a ring or I saw another person with one in a necklace. So there are like things like that. It's not great security. It reminds me of how like in India and stuff, they wear their gold. You know, they keep it around their neck and wrists just because it's the safest place to be. I mean, I guess if it's just a receiving address, you know, I mean, somebody could hold me down and track it down and figure out and whatever. But I mean, you know, that could be your diamond ring. You know, instead of the diamond up there at the crown, throw a QR code up there. Just be like, babe, you're going to be stacking. We're going to stack for the rest of our lives together now. We're going on a stacking journey together. How do you carry across the border more than $10 ,000 in value without having to report it? You wear it. Or Bitcoin. I have friends who move tens of millions of dollars or millions of dollars of their net worth, like 90, I don't know, 98 % plus of their total net worth to leave China, leave South Africa, come to the U .S. and never go back. And at the time, at least, they were too dumb to stop them or even question them. We just left, one -way ticket. Yeah, the fact that Bitcoin is digital and that anybody can escape like an authoritarian regime or war with some of their wealth, you know, that's when you think about like the ESG narrative and even like KPMG report talked about the S and how that characteristic of Bitcoin really helped people in really tough situations and think about how else they would do that and kind of realize that like Bitcoin is a solution there to a problem. And BlackRock and State Street are closing up ESG funds as we speak, which is, I think, a positive development. Yeah, I kind of reject that entire framing. I think it's led to a lot of misallocation of capital and kind of influencing boardrooms about how they invest their capital kind of impeding free markets. Yeah, ESG is a control scheme. I mean, we've seen that, but what are you talking about about BlackRock shutting down ESG funds? I don't know about that. Yeah, BlackRock and State Street have just been closing ESG funds in 2023, kind of shutting them up. And that's a reversal of the trend over the last couple of years. And BlackRock, Larry Fink, I mean, in the early 2010s kind of spearheaded a lot of these efforts, really gung ho about ESG. The last couple of years, they've seen a ton of pushback. And now we're kind of seeing them close up ESG funds. And I feel like we're seeing a shift in sentiment around the entire movement because I think people are realizing that like, A, some of these goals are completely untenable. And then secondly, you're hurting the poorest countries amongst us, like the developing nations, by preventing them from accessing cheap energy sources. And you're really making us weaker and less resilient by shutting down oil, gas, and fossil fuels. And so you're seeing a ton of pushback on it. And so BlackRock and State Street are starting to shut down ESG funds. It's just kind of like a flag post in my mind of this ESG narrative that was so, so strong the last decade. I don't know if anyone else has opinions there, but... Yeah, the only thing I have to say is I feel like Larry Fink kind of jumped on the bandwagon somewhat later after the ESG narrative got a lot of traction. Then he kind of added fuel to the fire, which is a huge name and was very outspoken. My point is he's added fuel to the fire. He didn't start the fire, but he kind of... So he's a politician ultimately, right? Like he's very political, even though he knows finance. To a manage massive fund that manages, I don't know, $9 .6 trillion or whatever, you have to be political and you have to read the tea leaf, so to speak. And yeah, react to the times. I think the exception would be somebody like Vanguard that might do a lot less in terms of ESG or jumping on the latest trendy whatever, because they're so focused on index funds and they're member -owned. This was not an ad for Vanguard, but... I just remember Larry Fink writing... And I just remember it made a lot of waves and kind of definitely added fuel to the fire, like I said, Terrence. So they shut down two dozen ESG funds this year, just to give some stats there. Yeah, I wish I could say like, you know, oh, maybe they really are being orange -filled and whatever, whatever. But it's probably like you said before, I mean, like ESG stuff, it's untenable over time and you get to a point, it probably just isn't profitable. I don't know than any of this, any of what I'm talking about, but just I'm just going off a gut, like the ESG stuff is unprofitable because the economics don't work. We've talked about that. You can look at the windmills and the solar panels as perfect examples of that. But I mean, just the overall thing, there's a good book, I've talked about it before, called The Prize. And it talks about the control of energy on the planet and how there are groups that seek to control other groups through the narrative of controlling what type of energy you're using, what is acceptable energy use, all of this stuff. But in the end, if you're going to try to make like, you know, bets and gambles off of this stuff, like you're going to have to pull your rug early because it's not, at some point, the economics don't work. Well, not to mention too, you know, it's the trend of like having an ESG report for a company. I want to see some of these companies that are like, you know, Nike's ESG report, which I don't know the details, you know, but you know, there's some low wage labor being done. And then, you know, you got this shiny ESG report that's like, you know, sustainability, we've done this and ethically, we've done this. And also, you know, behind the curtain, we've got this going on too. Yeah, I mean, it trickles all the way down, even now, like in web design, web development, like if you want your website to rank well on Google and whatever, then, you know, you have to build your site, you have to have that in your mind while you're building your site. You have to make sure that it's going to be well received by Googlebot and, you know, all these other stuff. And one of the things that they've been pushing is how ESG friendly is your website? Like your, the processes that it runs and, you know, are you doing it correctly and coding it correct? There's more than one way to code. And, you know, it's like, man, okay, I understand the idea, like, make your website work more efficiently. Like, of course, duh, like, that's what we're doing. But Google of all people to tell me about energy use of a web platform? Come on. Yeah, Chrome is pretty bad. Yeah, go ahead. I was orange peeling and no, I was I was just like at insurance, kind of talking to them about Bitcoin. And it was a bunch of claims professionals and lawyers. They were very like, you know, obviously, these are like super risk adverse cohort of investors. And so we were there just like talking Bitcoin as like the weird Bitcoiners at this conference. But I found out that 90 % of them take into account ESG when they're thinking about investments today. And that's in the most recent Goldman survey. So 90 % of insurers consider ESG when making capital allocations today. And at the same time, their number one worry in that survey was inflation. And so it's one of those things where I don't want to give credence to the framework. But it's so ingrained in some of these like traditional capital allocators minds that maybe just by playing into it and saying like, well, here's how Bitcoin is actually, you know, quote unquote, ESG and just kind of like Trojan horse in it through their their silly framework is the strategy that I took. And it kind of kind of went well. I kind of like said, like, although I reject this entire framing, here's why Bitcoin actually kind of achieves your goals. That's kind of the tactic that I took.
WTOP 24 Hour News
Fresh update on "south africa" discussed on WTOP 24 Hour News
"Here's another customer sharing their Good Feed store plantar fasciitis feels like pointed sharp pain it just hurts all the time it feels like your foot is squeezing on itself when I drove past the Good Feed store I thought I'm just gonna stop in they wanted to make sure they that gave me the right art support they were personally fitted just for me then it was like okay this is something special these make a difference the Good Feed store has locations in DC and Baltimore and now in open Frederick across from Wegmans visit goodfeed .com to book your appointment today or just stop For Mervis Diamond Importers I'm Ronnie Mervis I was raised near the diamond mines in South Africa and like every Mervis diamonds are in my DNA the history of diamonds in Africa and
ACG - The Best Gaming Podcast
A highlight from The Best Gaming Podcast 410 Unity Failures, MK1 thoughts, Lies of P, Sony and Nintendo events and More!
"What's up everybody? This is Karrick with ACG and I'm here with Johnny and Abzi doing the best gaming podcast number 410, 410. Let's go. What's the pot? What's the pot? 420, right? Yeah. Oh my goodness gracious. Yeah. For 410. We're going to talk about Liza P, Mortal Kombat, Starfield, Baldur's Gate reviews. What else do I got here? Nintendo event, Sony event. Unity. There's a lot. Yeah, yeah, actually. It's been a crazy week, man. Oh, Final Fantasy remake. We're going to talk about that. What's it called? What's the new one called? Rebirth. Rebirth. We're going to talk about that as well. So a bunch of stuff. If you get a chance, tweet it out. Thanks for the super chats. All that kind of stuff helps the channel continue to put out videos even though this week I think I've done zero videos. Everything fell apart in my plans to do reviews, which happens gang gang. Yeah, it was. It was good. It actually gave me a little time to play and October is coming quick, man. You got a lot of work there. Yeah, a little rest time isn't so bad, right? Little time to just sort of sit back. I mean that like it. I can honestly say I wasn't incredibly disappointed. I wanted to review a couple, but there was some I'll talk about the review embargoes for some of these that were really weird and I was just like, you know I'm just going to play some games, hang out and you had some time to play some more Starfield, right? A bunch more. Yeah, a bunch more and and just we did like four voice chats and discord. We did the yesterday's events and the last couple days we've been doing huge get togethers just talking about life and generally finding out where everybody's from. It's always fun to go into discord and somebody's we just saw somebody who said they're from Australia in here, but it's like a couple days ago I did. I started asking people where they're from and it was like it was just like pick a random spot on the map and somebody was there and it was so cool to be to be like man when I was in school. I only had three kids to talk to and it was always Genesis. Yeah. Yeah, it's awesome dude. Like when we talked to Chris face a while ago. Yeah, he was from like South Africa South Africa. Yeah, it was great. Did you play for as a motorsport preview? No, I didn't get to go on the trip.
WTOP 24 Hour News
Fresh update on "south africa" discussed on WTOP 24 Hour News
"Degree mark in some spots were at 67 in Gaithersburg 71 in Arlington 72 outside our studios here in Friendship Heights. Monday News at 10 and 40 past the hour brought to you by PenFed. Great We work just missed 95 million dollars in interest payments. It warned back in August may not be able to stay in business two -thirds of its expenses are just lease payments on the office space it rents out. Four years ago we work at 21 locations in the DC area it's down eight locations now Macy's is thinking small the department store chain will open up 30 smaller stores and in strip malls not shopping centers. The stores are about a fifth the size of its normal department stores. Macy's has not announced locations for the mini Macy's yet downtown DC office vacancy rates continue to take a bite. The Washington Business Journal reports this morning the owner of gallery place in Chinatown is relinquishing the property the lenders citing vacancies gallery place includes Regal Cinema, Clyde's, Planet and Condos. Tuesday trading underway 12 minutes into the trading session The Dow is down 110 the S &P 500 is down 20 both close to half percent losses. The Nasdaq is down 82 points that's a little more than a half percent. Jeff Klayball, WTOP News. Thanks Jeff, you are starting your day not starting your day as a multi -millionaire. There was no big Powerball winner last night meaning the top prize has now climbed to an estimated 1 .2 billion dollars. That is the third largest jackpot in Powerball history. Lottery officials say it's the first time in the game's history will that there be back -to -back drawings for a billion dollar prize. The next drawing tomorrow night? Taylor Swift has apparently seen a boost to the NFL's ratings. 27 million people tuned in to watch the Kansas City Chiefs play the New York Jets on Sunday night. It was the second most watched NFL game of the season behind only the September 7th season opener. NBC attributed the strong performance partly to the attendance of Swift and some viewers might have been more interested in Swift's frequent cameos than the play on the field. She is rumored to be dating the Chiefs star tight end Travis Kelce. And coming up on WTOP, now might be the time to get your passport renewed. We'll explain. 943. Mervis For Diamond Importers, I'm Ronny Mervis. I was raised near the diamond mines in South Africa and Mervis like every diamonds are in my DNA the history of diamonds in Africa and of the Mervis family run together as kids my
The Crypto Overnighter
A highlight from 663:BRICS Currency Launch and CFTCs DeFi Conflict
"And it's 10 p .m. Pacific on Friday, September 8th, 2023. Welcome back to the Crypto Overnight, where we have no sponsors, no hidden agendas and no BS. But we do have the news, so let's talk about that. Tonight, we're diving into a geopolitical shakeup as the BRICS nations reveal their own banknote. Will this be a challenge to the US dollar? The CFTC is setting its sights on DeFi firms. What does that mean for the future of decentralized finance? We'll also discuss a new pilot program proposed by CFTC commissioner, Caroline Pham. Is this the road to regulatory clarity? Then, library is taking its fight against the SEC to the next level. What could this appeal mean for the crypto community at large? In international news, Thodex CEO gets a jail sentence that's hard to fathom. North Korea's Lazarus Group pulls off a staggering $41 million dollar heist. Can the crypto world ever be safe? Plus, the UK's FCA makes a U -turn on crypto advertising regulations. Is this relief or a trap? Stick around to find out. I do believe that this is a first for the Crypto Overnight. You see, this is the first story suggested by a listener. Wong Johnson left me a message on my YouTube channel suggesting I look into this story, and it's a good one, folks. So, thanks for the suggestion, and keep them coming. The first variant of the unique currency for the BRICS Association has been unveiled. The Russian ambassador to South Africa showcased the BRICS 100 banknote at a ceremony in the UAE Embassy in Pretoria. The banknote features the flags of Brazil, Russia, India, China, and South Africa. Now, if you're listening in on YouTube, look up at the screen and you're gonna see a copy of the currency. After the demonstration, the banknote was handed over to the ambassador of the UAE. The recent BRICS summit announced six more countries would become full members by January 1st, 2024. Those countries are Saudi Arabia, Argentina, Egypt, Ethiopia, Iran, and the UAE. The expansion has led to concerns about its impact on the U .S. economy. However, internal unrest within BRICS makes it hard to see it as a serious threat to the U .S. BRICS holds over a third of the global GDP after the expansion, raising questions about its potential impact on the U .S. dollar. Venture capitalist Chamath Palihapitiya expressed skepticism about BRICS nations working together. He highlighted the regional rivalries and differences in democratic governance among the member nations. He doubts that BRICS could develop a currency framework to compete against the U .S. dollar due to these internal conflicts. That said, the unveiling of the BRICS 100 note is a significant step towards financial autonomy for these emerging economies. It's a direct challenge to the U .S. dollar's global dominance. The expansion of BRICS to include six more nations amplifies this challenge. Imagine a world where a third of the global GDP is conducted in a currency other than the dollar. That's a potential upheaval of the existing financial order. However, it's not all smooth sailing for BRICS. Internal strife and skepticism from influential figures indicate the road ahead is fraught with obstacles. And that skepticism isn't unfounded. The member nations have conflicts of interest, which could hinder their collective goals. But let's not forget, these are the same nations that have been systemically marginalized by existing financial systems. Their distrust of the West could be the glue that binds them. Any move away from the dollar is a potential win for decentralized currencies. If BRICS succeeds in establishing its own stable currency, it could set a precedent for other alliances to do the same. And if that happens, the U .S. dollar's monopoly could crumble, opening the door for cryptocurrencies to step in. But for now, it's a waiting game. BRICS has made its move. Let's see how the world responds. As we navigate the unfolding drama around BRICS and its potential to shake the very foundations of the U .S. dollar, let's pivot to another sphere where the status quo is under threat, decentralized finance. The Commodity Futures Trading Commission set its sights on the DeFi world and the implications are staggering.
Discerning Hearts - Catholic Podcasts
A highlight from Special Encore The Canonization of St. Teresa of Calcutta Building a Kingdom of Love w/ Msgr. John Esseff
"Discerninghearts .com presents Building a Kingdom of Love, Reflections with Monsignor John Essif. Monsignor Essif is a priest of the Diocese of Scranton, Pennsylvania. He has served as a retreat director and confessor to Saint Teresa of Calcutta. He continues to offer direction and retreats for the Sisters of the Missionaries of Charity. Monsignor Essif encountered Saint Padre Pio, who would become a spiritual father to him. He has lived in areas around the world, serving in the Pontifical Missions, a Catholic organization established by Pope Saint John Paul II, to bring the good news to the world, especially to the poor. He continues to serve as a retreat leader and director to bishops, priests and sisters, seminarians and other religious leaders. Building a Kingdom of Love, Reflections with Monsignor John Essif. I'm your host, Chris McGregor. What was this glorious pilgrimage like? I would say what brought us there, there were 16 of us who left to go there, and the ones who you would meet along the way, that each of them were loved by Mother Teresa. That's the way I would describe, each one of them had a personal experience of the enduring love that touched them. I certainly had to be there. It was like something that, as a pilgrim, I felt called to be at this celebration. And I felt God wanted me to be there, therefore he would provide. And he provided for me to get there to the vehicle of these 16 people that I went with. And it was just a very caring young priest who, Father Mike was our leader of the group, and I was kind of the senior citizen, I was the oldest member of the group. The streets of Rome, as you know, are really architectural hazards. Someone who doesn't see, I could easily fall anyplace and break a hip or whatever, but I was really cared for. And there was a young girl, a woman that I met, and she was in a wheelchair, and she kind of summed it up for me when she said, Mother Teresa touched me when I was 16. And she said she just came in the crowd and touched me, and she touched me on my head. And it was like an unforgettable touch from this woman who was such an instrument, just reminded me of Jesus going through the world, and everyone that he touched remembered that touch. And so it was with me. I experienced the love and being loved by her so that she was this instrument of love in the world. There were millions and millions who saw that by television or heard it by radio in so many parts of the world. So really, wouldn't you say that maybe a billion people were touched through this instrument of God's love, because she followed what God asked her to do, and in some way experienced being loved by God as the poorest of the poor, because that's what she considered herself, that he loved her and touched her with that love. And then she began to touch one by one by one. That was her way of looking at it. We arrived together as a group on September the 1st, and we went by van to Newark, New Jersey, where we all got on a plane, and we got to know each other's names, because not everybody, there were married people, there were priests, there were single people who were on that, just getting to know each other. And then we all had different parts on the plane going over, arrived and gathered together in a group, and there was a van to meet us, to take us to our hotel. We still stayed in a little hotel called Hotel De Petrus, which was about a 20 -minute subway ride from the Vatican. That evening, I went by subway to St. John Lateran, where I heard confessions, and it was so beautiful. I heard, because of my languages, I heard confessions in English, Spanish, Italian. And who comes along but walking right in front of me is Marty McDermott that I had met in Beirut. And he and I just kind of hooked together. He was there. And again, the love, it was there in Beirut that I met the sisters, it was there that I met Mother Teresa, so we just kind of laughed as two old men. He was an aging Jesuit that they kind of wanted to get out of Beirut to bring him home to their northeastern province in New York, but he stayed there, he remained there. I think he's from Hartford, Connecticut. And we just chatted while all of the sisters that we had known through the years come pouring out at the end of the celebration there, and I just saw Sister Joy and all the sisters that I had known through the years, Missionaries of Charity. And then we hopped on a subway and came home, and I got home maybe around midnight. That was our first day. And so it was a beautiful time. On the third day, we were there September the 3rd, and more confessions, and St. Mary Major was again a beautiful church, and confessions. And then the fourth day was a canonization. And Mother has always just loved Our Lady. On the cover of the celebrated Mass was Our Blessed Mother. And if you notice her hand always pointing, Mary is such a direct link to Jesus. Her whole life pointing, you say Mary, she says Jesus. And Mother then is on September the 5th. She was beatified by John Paul II, 2002. And I was there, and when her picture went up as Blessed Teresa of Calcutta and John Paul, that's the day I consecrated myself to Our Lady. All her life Mother Teresa had said, you should consecrate yourself to Mary. Oh, Mother, I have the Sacred Heart. That's where she was pointing. She wanted me to be with the Sacred Heart. No, but the best way to do it is through her. Oh, no, thank you very much. But the Pope, he told us to us, no, no. So I resisted. But when I saw those two up there, the aging, elder John Paul II, such a powerful, powerful instrument of God. And this little less than five foot woman, such a powerful instrument. I thought, what do you need to follow that? So that's the day I consecrated myself to Mary. And here she is. They really captured her look. And it was on the second missalette that we had on the following day on September the 5th, which is her feast day. So on the 4th, we had the canonization mass. The incident that was most, I sat with a couple of sisters on the way home in the airport. And one of them said it was such a powerful experience, but I have to say I couldn't get by the heat. I just couldn't get by the heat. It was 98 degrees. It was hot and a beating, beating heat down on the whole place. All I could recall during the mass with that intense heat was the time when I was at the chapter meeting in Calcutta, where it was 100 degrees heat and 100 percent humidity. And it was so stifling. And Mother would not allow a fan. They were begging her, let us get a fan. No, we have to live like the poor. What is the authenticity of our sacrifice? If we could have a fan? No. And we need a microphone. We can't hear. No. But get one for Monseigneur. So I had a microphone for the presentations and I had a fan when I was giving my presentations. She turned it off for the whole community. And I'll never forget this nun who was at that celebration. With this intense heat, every time there was the slightest breeze, she just thanked God for the breeze. She was an American nun and she was communicating to me how we are not used to that Indian heat nor the humidity. And I noticed that at the mass, her massive canonization. But everyone had to wait for that slight breeze. And that I was so aware of that every once in a while, when you thought you were going to pass out, there was a breeze. Everyone was reminded, though, of just how poor we are and how lacking in control of the events of life. And that total dependence. So she gave us all a marvelous lesson. And anyone who had been there, if they were there, including the Pope, that intense heat was down on a million people who were there. And everyone came through that and endured it. So Mother Teresa was very active during that canonization. It streamlined it, so it made it very simple, which is really what I think she wanted. Don't have the focus on me. But as the mass itself, the focus was all on God. It was the glory and the praise and the honor of God. Thank you, Lord, for the slightest breeze. Thank you, Lord, for just being here. And I found myself thanking God. And I was there. The other thing I noticed in her gathering us, there was a multiracial, the whites were far outnumbered at this mass. Not only because of the Indian priests, the African priests, the Asian priests, the Koreans, the Chinese, the Vietnamese, South Africa, and all of the world was really... ...that we are just one family. And the main, I think, lesson that I learned is dependence on God and that we are all very, very poor and the poorest of the poor. The opening day, the day before we got there, the Missionaries of Charity had in the Olympic Stadium, which they were able to get, a thousand of the poorest of the poor from their houses in Rome that they served the poor. They invited them all to come and have a feast. And they actually had this huge feast and banquet for the poorest of the poor because this was what it was all about. If Mother was going to have the celebration, the first ones to have the feast was the poorest of the poor, and she invited them to the table. And all of them were invited to come to the celebration, so they all had tickets to the event. You could see different ones as they were coming were obviously the poorest of the poor, meeting all of us, the poorest of the poor who were coming. So the universality and multiracial was what I felt was very outstanding for me on the day. Sounds a lot like Pentecost. Yeah, and the language just didn't seem to, it was like both hearing confessions and the celebration itself. And of course we had the Latin and all of us joined in were able to participate with the Latin and the singing. And again that language, that unity of our worshipping and glorifying God in that mass. Some lady was wheeling us onto the plane when we were at the Newark Airport, and she was a young girl, a young black girl, and I said we were going to be going to Mother Teresa's canonization. Well she had never heard of Mother Teresa, she was 20 years old. Oh, she said, what are you going to have, a party? I said yeah, and what is the mass but a party that God wanted? So he gets this heavenly banquet together, and that's why I was so happy when you see all these priests going out and bringing the Eucharist to every single one that was there. That was the day celebration, and I think there was a big difference then with the celebration on the 5th. And again, we can't celebrate it, but it was much more intimate. Maybe there must have been, maybe 300 ,000 there. How do you get just intimate? So there was this smaller crowd, and the priests and the participation was still so joyous and so beautiful. The day there was a cloud coverage, so that the heat wasn't as intense, so it was cooler, it was more refreshing, it was more relaxed. And at the end, one of the priests stood up, the sisters came in. The greatest gift I always felt that Mother has given us is her community. And these sisters coming in from all over the world were certainly well represented there, and lines and lines of missionaries of charity coming in. There were also the brothers, and there were also the missionaries of charity fathers. And one of the fathers got up at the end and he said, Today is a day of thanksgiving, and we are just so filled with thankfulness that God has recognized our foundress as a saint, and that we are able to participate in this canonization. And we rejoice, and you can just see St. Teresa of Calcutta in heaven with all the poorest of the poor, and us, poorest of the poor, having experienced being touched by her. And we are now celebrating, because she has touched our lives. And she always said, Unless you have experienced the thirst God has for you as the poorest of the poor, you'll never be able to know the thirst he has for the poorest of the poor. So that having had that experience of that love that God has for me through her, that that tasting of that is an enduring bond that you experience, and it just endures in it, it lasts. The love of God is enduring. The love that Mother Teresa gave, that touch that tapped that girl on the head when she was 16, that love lasts. It's an everlasting love. It's tasting the divine love. And it's the thirst that God has for us as people, so that when we pass that on, and if we were a million there, and the millions and millions that saw it on television are able to receive it and to pass it on, it was a great joy in heaven, and a great celebration on earth, and it was time for a party. The possibility of someone coming into a crowd like that and throwing some bombs, it was like the furthest thought, I believe, that peace and love is contagious. It has a power that's overcoming hatred and violence, and the way to bring this about is through that divine love. This is the force and the power that I believe is really necessary in the world today. So it was a great experience. You know, it's really striking, Monsignor, that the endurance of those who came, those who had to endure suffering during the celebration, because I watched it all cozy on my couch at 3 in the morning, back here in Omaha with my puppy and my coffee, and that was really nice, but you could see how hot it was. You could just see how people were just baking under the sun, and yet that enduring that suffering is essentially a message of her life. For all weekend, the build -up was not just on EWTN and other Catholic outlets, but it was on secular news broadcasts, CNN, Fox, all of these different news outlets were covering this great gathering. And so as you're watching these people, literally suffering with joy through the mass, it was almost like a major witness. And there's something really unique when that happens, isn't there, Monsignor, that if you can endure it, if you can enter into it like she did, there's grace somehow, even for the participants. I know you're just a couple days out of this, but for you, I mean, can you describe that now? It intensifies your interior self. You become very aware that I don't know how much longer I'm going to be able, and that's the word, endure this, whatever that be, this stress, this heat, this cross, however you want to call it. Each one has to go in there because that's where you're drawn to, and that is the center of the inner self. And that's where your dependency comes, and that's where you experience the God on whom you have to depend. So what gives you the endurance is the dependence. It stays, and it remains, and it burns, and whatever it is, you cannot last through it, and it just keeps coming on in a way, just when you think, it's going to let up. No. And then it comes just at the right time, a kind of a breeze, where it comes from, and the refreshment. And then you're drawing something in from this power, and I would call it the spirit. The spirit is now bringing you into the inner rest that's going on, is only had by those who are willing to endure. I don't know how others would describe that, but that's how I was experiencing it. As you were speaking about that, that endurance, I think that's the suffering of love, isn't it? I mean, at its very, very heart. And I know that's one of the, you had spoken so poignantly that for many who heard your reflection prior to leaving, and you were seeking a particular grace, that entering into the Immaculate Heart of Mary, even more deeply into the Sacred Heart, and I don't want to put more words on it than what you were hoping for, because sometimes even the grace we think we're going for is smaller than the one that God wants to give us. So how would you describe your experience for those who have been eagerly waiting? Well, did it happen for them? Did you receive what you were hoping for? More, more than I ever had anticipated. That which I wanted, I received, but much more abundantly. There was more. It's so difficult to describe, because you have to use the same words. But the words don't carry the meaning that the inner self has that you want to convey. That life in the inner self, that enduring bond of love. Like, excuse me, you're supposed to look ragged and tired and beleaguered for an 88 -year -old man who, you know, has traveled around the world, and I have not seen you look so buoyant and glowing and energized. I mean, this is just, it's a joy to behold you. Yeah, yeah. And I feel that way. I feel my cup runneth over. You know, they use that expression, but it's just like brimming over, full and I. I just don't know how else to express it. So if you see it, that's wonderful. And if you hear it, that's wonderful. But I'm experiencing it. And so whatever I wanted out of this, I received with a hundredfold. You're like a beautiful monstrance right now that's sitting on top of an altar with a whole bunch of light shining. And I know you're just a vessel. You're just a monstrance. But what's making everybody, it's just breathtaking is how Christ is radiating out of you right now. What I was experiencing was that inner heart of Mary. And what's the inner heart of Mary? Completely empty. Completely empty. So that every single moment you can receive whatever that is that's coming. I think that's really what I'm experiencing. The emptiness of Mary's heart. So that she has none of her own cares, but those of everyone around her. You know, everyone was caring. I felt being cared for. But it was like the kind of being cared for so that I too could experience how to care for others. Well now you got me crying. Oh my gosh. Now I'm a big weepy mess. Well Monsignor, you know, I usually ask you if you have a final thought, but I just can't even believe that there could be a finality to this experience. What are you feeling right now in this moment? The thing that I'm really kind of filled with is Mary's spirit. It's always crying out. Magnificat. Magnificat. Have a beautiful, beautiful day. Along with hundreds of other spiritual formation programs, visit discerning hearts .com. Or you can find it within the free discerning hearts app. This has been a production of discerning hearts. I'm your host, Chris McGregor. We hope that if this has been helpful for you that you will first pray for our mission, which is to offer rock solid and authentic spiritual formation freely to souls around the world. And if you feel us worthy, consider a charitable donation, which is fully tax deductible to help support our efforts. But most of all, we hope that you will tell a friend about discerning hearts .com and join us next time for building a kingdom of love reflections with Monsignor John.
Crypto Banter
A highlight from The Next MAJOR ATTACK On Crypto Has Begun!
"If you're feeling depressed or demotivated by this crypto pricing market you're not alone and this is probably going to be the most important show that you're ever gonna have to watch because I'm gonna put it all into perspective for you. A lot of people think that it actually may be about the price but it's actually not about the price because from a price point of view you can argue that we're actually doing okay you know like Bitcoin is still at 26 ,000 if you take where we've come from from the beginning of the year we are still 67 % up which is not bad for a pre -harving year so it's not about the price. What it is it's about the sideways chop movement combined with these ongoing attacks that we have to endure in crypto all the time and if you look at the latest attack that we've got in crypto it's now the SEC actually coming after NFT so it's like it feels like whatever we do whatever innovation we make whatever we try and and come up with the SEC just comes out and attacks us and you know this is really really really what the depression phase is about it's it's almost like death by a thousand cuts it's not that that quick death where the prices go down but it's actually at this death by a thousand cuts and I saw this tweet over here I'll actually show you this tweet over here so I saw the tweet and it show and it shows us this Wall Street cheat sheet around the altcoins and if let me let me actually make it a bit bigger and you can see but you can see that it feels like we're very very very much now in the sideways slightly going down getting into that depression phase and the problem with this phase is that this phase is like running a marathon this phase is about the fittest survive this is about the people who have the most stamina and most people actually fall out in this phase of the market that's why it's called the depression phase it's a phase that is designed to test your staying power it's a phase that is designed to test your conviction in this market and let me tell you in the last bull market in the last bear market I dropped out towards the end of this phase and was one of the biggest mistakes that I ever made because by the time I got back I got back and I'd missed half the run but lucky I got back in time and I still managed to make some money problem is with this phase that this phase can actually last very very very long in fact if we look at the last time that this phase happened I saw a tweet here let's actually look at where this tweet is that it could take up to 400 I will look at it during the show but it could take up to 400 days for this phase to pass it's really gonna be a big test it's important that if you are feeling that way if you are feeling like you're losing a bit of interest this is the show that you actually want to watch this is probably the most important show that you ever that you that you're gonna need that we've made at this time and I like this tweet because what this tweet says it really summarized says says time -based capitulation is now in full effect no new inflows daily addresses are stagnant developers are capitulating NFTs are trending to zero the only true believers the patient and the redacted remain this is the actual opportunity zone but today is gonna be about capitalizing on the actual opportunity zone and making sure that we don't capitulate that we don't land up like all the other channels I'm gonna show you a lot of a lot of the things that I've done I'm gonna show you a lot of the things that I'm looking at that keep me motivated to be here to be making content every single day so let's do it guys and let me know in the comments what you're feeling let me know how you feeling in the comments let me know if you're feeling what I described let me know if you're feeling the effects of the capitulation phase of the depression phase let me know if you wake up in the morning and don't really feel like looking at your crypto let me know if you questioning why you're still around and maybe even looking for other investments or maybe other places to put your money and if you're maybe looking for other jobs I know James and Josh that I know that I know that they're looking for other jobs also because I get I see the internet access and I see that they very much on job sites I saw that James was on some gems are gay porn job site I mean is that what you want to go now bro are you forming a coup I'm gonna be looking for are you gonna do the same thing you're gonna do the same thing that bit boys team did to bit boy I mean I look let's just really talk for two seconds about this whole bit boy thing and we did speak about it yesterday I really feel bad for him because he has spent a long time building something amazing I mean he built 1 .45 million subscribers and I mean his team must have been really really really pushed to get him out I saw that they published a statement yesterday after our show after we broke the news right here on banter we said yesterday BJ investment holdings the parent company of hit network took decisive legal action in removing Ben Armstrong from the company and specifically the bit boy crypto brand this difficult decision is a culmination of a prolonged effort to help in during his relapse into substance abuse as well as the reconcile emotional physical and financial damage he has done to the employees of hit network and bit boy crypto look it seems to me I mean I read a couple of things here the first thing is they had a legal leg to stand on to get him out of the channel which is kind of strange because I would have imagined that he's a shareholder and if he is a shareholder how do you get a shareholder out of the channel like that's quite a big thing I always thought that Ben was actually one of the biggest shareholders in bit boy crypto how do you get a majority shareholder out but if you read between the lines of there obviously it's some legal leg to stand on the other thing is it felt to me or it looks to me like they really really really tried hard to help him and to get him right like a prolonged effort to help in during his relapse into substance abuse as well as to reconcile the emotional physical and financial damage done the other thing is that we haven't heard anything from bit boy and usually bit boy is the loudest voice in the shed I've texted him a few times and let me not lie to you and actually just check if he has responded to any of my texts usually he would get back to me very quickly when I when I texted him I think now maybe slightly different could mean that he's in rehab could mean that he's just been told by his lawyers not to say anything maybe listen either way as we said very very very publicly yesterday he came out as I said Ben is not owned by hit Network Ben being the coin or bit boy crypto it is managed by separate entity controlled entirely exclusive are Ben Armstrong and Duchess of DeFi who's Duchess of DeFi let's follow her so that is what he came out and said look we came out yesterday and we said I like the people at bit boy crypto they're hard workers with a great work ethic TJ and all the guys they are very hard workers with with a with a great great great work ethic I really hope they succeed in building the business we will help them wherever we can and one of the things we're actually thinking of doing let me know if you think it's a good idea or a bad idea but to help the guys on the channel because we really want them to stay alive and to survive this so one of the things that we are pushing or what we will do to actually try and help them is we actually gonna have a viewing party where we actually just log on and actually watch their show with our community like we do when we do the FMC so basically we'll just log in we'll create a stream and our stream will actually watch their stream and hopefully that'll give more people exposure to that channel and that will help the channels recovery because I really want to help them as much as I can I really think that these are good people who've really tried hard to build a business and you know addiction is a bad thing addiction is a really really really tough thing and we can't judge someone because they have an addiction I know some people don't understand what addiction is and they think that addiction is just about you know maybe having a bit of an extra drink or maybe taking one extra opioid it's not that it's when you come reliant on it when you become reliant on a substance it's very very very very very hard to get off and we're gonna do whatever we can to help the channel and help them get on their feet we'll even go the extra mile to to do that so yeah so let us know what you think in the comments also listen if you're new to our channel and or if you've come over from the bit boy channel to our channel subscribe to our channel welcome anyone's welcome here I also like this content let me know what you think of my idea to try and help the bit boy crypto team someone says addiction here is tough yeah we're all addicted so someone says have fun storming the car phone we all have addiction we're traders you know it we right we all have addiction we are all traders the problem is that now in crypto we ain't getting our dope immune fix that's the problem here we ain't even you know like we came to crypto because we like volatility we came to crypto because we like action now there's no volatility there's no price action there's pretty much nothing I mean let's look at let's we can look at the bubble so if you look at the bubbles not much happening today pulse down again I'll never I'm never gonna see my money out of pulse Tommy one of our sponsors up ten point three three percent flex is down seventy one percent now I really hope that if you had flex you did swap it for the the open X tokens because as far as I understand if you had flex and you didn't swap it for the open X token that means that your your token is actually now worthless and it is I mean if you didn't swap it is as if today users can no longer convert flex to open X during the token migration over 35 million flex was converted by users issue I have here I think flex is a hundred million tokens in circulations which means that 65 million people sickening supply 100 million 98 million that means that that 65 million token holders didn't actually swap unless that's part of the the company Treasury so as I said look if you look at the bubbles it's getting depressing we came here because Oh Casper's getting to a nice level hold on a second hold on a second whoa whoa everybody hold the phone Wow three point two cents for Casper this is maybe nibble territory this is maybe this is where I would maybe look to start nibbling into Casper maybe after show maybe after show I'll start in the bling into Casper so anyway going back to it and going back to what you said going back to what you guys said is we're all addicts here we come here for the dopamine rush the problem is that now we're not even getting the dopamine rush on the show it's boring there's nobody left here there are no more bulls everyone is bullish everyone is bearish no everyone is gone and that's the truth of it if you look at it everyone is starting to go you got the volatility the Bollinger levels they've been ever this is the lowest the Bollinger bands have been ever ever this means that we're at a point now where the volatility is gone and that is what was keeping us here in the market now the truth is anyone who's been in a market for long enough knows that when the volatility goes when the volatility comes back up there is an explosive move but the problem is will you be around to experience that move which is almost inevitable I'm going to show you why that move is almost inevitable the other thing we're seeing is that searches for crypto have gone down to absolute zero long story short no one's interested anymore people in crypto are starting to pivot out of crypto I even saw my good friend CTO Larson who by the way I love he's starting to make videos on Nvidia you know and and you know James has always made videos about about stocks it just shows that not much going on and as a result of the fact that not much is going on well that's this is this is what what we're dealing with now this is this is what we're dealing what we're dealing with now the volume has gone down to an all -time low I also saw this so the pace of USDC art flows in an average week they issue 1 .1 but they were deeming 1 .4 billion dollars worth of stable coins which means that actually money is actually starting to leave crypto and I'm going to show you in a second where that money is going and why this actually may be a good thing but important for you to note that you know you're not alone here because money is actually starting to leave crypto because I think it's because of the bottom because of the the the the sideways the sideways returns and stuff like that now what you got to know here is is this is the time when champions are made and I want to show you something here so this is the time where I read this tweeted time capitulation is in full effect new no new inflows the daily addresses are stagnant devs are capitulating NFTs trading to zero only true believers the patient and the redacted remain this is the true opportunity zone and what what keeps us here is you've got to have your eye on the prize you have to keep your eye on the prize and say no matter how tough this race is you have to get to the finish line of this race why because you've been here for so long and I'll never forget eight weeks before an Iron Man eight weeks before the Lisbon Iron Man I did I had a phone call with one of my friends I'd never swung before I could hardly run and I was I was quite a good cyclist and I had a phone call with one of my friends and he said to me I said hey what you know what are you doing it's I'm training for Iron Man I said where's the Iron Man he said no the Iron Man's in Portugal in Lisbon I said I'm in I went to a swimming teacher and I jumped in the pool swimming with my head out the water swimming teacher says to me I said can you have me ready in time for Iron Man she said yeah definitely I can have you ready in time for next year April which is the Iron Man in South Africa she said no I said to her no I said the Iron Man is in eight weeks she looked at me said you got no chance truth is though kept my eye on the prize trained and trained and trained and got to the race now as I arrived at the race in Portugal my wife phoned me said I'm going into labor with you with you she was in South Africa I was in Portugal my wife phoned me said I'm going into labor my son was about to be born I probably shouldn't have gone away because my wife was due that week and there was no way I could get back so I said to go to the doctor and tell the doctor to keep the baby in somehow what she basically did anyway the next day was Iron Man it was the hardest race of my life I was completely completely completely unprepared but what did I do I just focused on the prize I just focused on finishing the race getting the medal getting home and and and and going to watch my wife give birth and actually here is just to show you actually I'm not around a motorcyclist but I actually did manage to keep my eye on the prize and actually managed to finish the Iron Man and it was not a great time with six hours and 40 minutes but I managed to do it I managed to do it and I had to wear that those lycra's and shit like that so I guess the what separates the the boys from the men what separates the real athletes from from those who can't run and can't do anything else is the ability to keep the eyes on the prize and block out the noise in this time and if you look at who's actually keeping the eyes on on on the prize I read this tweet over here which is hearing rumors of pessimism creep into the market and certainly feeling it with friends that I speak to just a friendly reminder that the largest asset manager on earth are fighting to front -run each other on the ETF approvals for the spot Bitcoin ETFs and futures -based ETH ETFs you've you've just had validation the validation you dreamed of for years with respect to TradFi embracing fully the crypto future without even inclinations to embrace token with even inclinations to embrace tokenization of equities commodities and other sectors TradFi has never been more bullish whilst those who are crypto natives have never been more bearish now TradFi know how to keep their eyes on the prize BlackRock know how to keep their eyes on the prize they know that this is just a function of cycles and in a cycle you're gonna get ups and you're gonna get downs and unfortunately now we're going through a bad part of the cycle we're going through a bad part of the liquidity cycle and I'll show you in a second how that is how that is is affecting you but what what you can see here is you can see that what these guys are doing in the background is they are actually buying the miners okay so BlackRock is passively buying up miners for their index futures funds on behalf of clients because BlackRock is I think the was it the fourth BlackRock is a shareholder in four out of the five largest public crypto miners and I think it's the number two shareholders yeah BlackRock is ranked number two shareholder now ask yourself a question is BlackRock buying these mining stocks to flip them or is BlackRock buying these mining stocks on behalf of their clients because their clients are bullish on the future of Bitcoin it's exactly that their clients are bullish on the future of Bitcoin and that is why BlackRock is taking the opportunity to fill up their bags at a time like this so these guys are experts at keeping their eyes on the price now how long is this is this depression phase gonna last bad news is this depression phase may be like the Ironman that I ran six hours and 40 minutes of hell on the road okay I'll tell you one of the stories I finished this the swim I finished a cycle after the cycle you got a 21 kilometer run so you've just cycled for four hours or three and a half hours and then you've swam for 38 minutes and now you get out and you got to start running it was hot and I was running and there were a lot of supporters in Lisbon in Cascais and they started pouring water on us because I wanted to keep us cool but the water was going into my shoes and I was getting blisters I was getting bad blisters now imagine it's your first half Ironman you're running you're getting blisters it's the worst day of your life it is the longest race of your life now that is where we at at the moment this thing can last long I mean I went back to see how long this period was in the previous in the previous market and here it is if you take the top to the next time we breach that high 491 days it took 491 days okay now look maybe we've maybe we've we've we've got less in fact if you look at at this thing over here he says if we were to do the same thing we still need to go for 384 days to create a higher macro high and break 31 ,000 for good now I think that that's the worst case scenario I think that the markets changing the market structures changed but I mean you've got to keep your eyes open you got to keep your your eyes you got you got it make sure that you have enough enough gel packs and make sure that you have enough food and whatever else you need to go that distance and look maybe we go that distance maybe we don't go the distance but regardless make sure that you guys are packed make sure that you have whatever you need to actually run the dress we'll be here running with you well we will as a community we will all run together and when one of you feels one of you feels like like you're falling out we will all help you get back we will push you we will carry you we'll put our arms around you we'll walk with you we'll make sure that as a community we all get to the end of the race that's for sure we're gonna be a it's not about winning the race yeah it's about making sure we all get through this race together so that's it as I said there's a big boys the guys that are race fit the guys that have done a hundred Ironman because one thing one thing I saw when I was doing the Ironman is there's a big difference between people like me who came for the first time and people that have done this a million and one times the people that have done this a million one times they run and they look super relaxed and they smiling at everybody people like me who haven't done this before I was suffering I kept looking at people thinking am I gonna collapse is he gonna collapse is everyone around me those that had actually run the race many times those that were experienced they were smiling they were having a good time they knew exactly what was it and that's exactly what's happening here with Blackrock that's exactly what's happening here with all the the investors for me for you for everybody else here for every for all of us this is our first Ironman race this is the first time that I've seen contracting liquidity and increasing liquidity I didn't pay attention to liquidity increasing global liquidity increasing you you didn't pay any attention to global liquidity increasing but there are people that have done many many many of these races and they have been paying close attention to these liquidity cycles for a long period of time and they know that this is exactly a part of the liquidity cycle right now global liquidity is down when global liquidity is down and risk assets go down that's what it is there it is you can see it over there they also know that liquidity is a function exactly a function of Bitcoin is exactly a function of global liquidity here is US financial liquidity regimes and here is the price of Bitcoin the red indicates decreasing liquidity the green indicates increasing liquidity it's simple liquidity Bitcoin risk assets crypto is a function of liquidity right now global liquidity is decreasing because the u .s.
Crypto Banter
A highlight from He's Fired!! (We Had No Choice)
"So, Ryan said that if we were one second late for the morning call, then you're kicked out of the research group and you basically can't ever come back. There's no redemption. Wait, am I allowed to swear? Yeah, I'm allowed to swear. This place is full of shit, bro. You ask and if you ask, there's no way back into the call. There's just no way back. It's finished. So if you get kicked out on the morning call, you're not coming back. So I don't care who you are. I don't care whether you're the host or not a host, we're now making this call live at quarter past. We expect everybody on at quarter past. If you're not on by 20 past, you're out and if you're out, you ain't coming back in. We need to show up on time. We need to show up prepared and the one thing I'm not going to tolerate is people arriving at the morning call as passengers. People arriving at the morning call with no alpha and no value add, just thinking that they'll sit there and comment. I don't accept that shit. If you're not here at quarter past nine, you have five minutes to get on and get the legs. If not, you're out and if you're out, you ain't coming back. We are all there at a certain time every single day and we expect that everyone arrive on time and prepared. So, I mean, I made a rule now because people kept coming late, certain people, I'm not going to mention names. So the morning call is the whole team jumping on in the morning and preparing what's the top news, what's the top coins and I think a lot of people work here just to be on that morning call and this is because of me. I couldn't find the link, I was seven minutes late and now I am in shit. That's it. If you're not there five minutes after the call starts, you're out and once you're out, there's no way back into the call. Don't tell him, but I was 14 minutes late today. I don't think he noticed, so we'll see. Thank you if you are. Thank you if you're Kyle, Sheldon, Rand, Miles, I don't give a shit if you are. Anyway, let's carry on. In the military, there are people getting on. You see a few NBA players, you see a few pretty big gamers. It's too hard to use. I mean, if I lost like $20 worth of ease trying to do it, believe me, people have lost a lot more. Yeah, there's problems. We have major technical issues, as usual. I don't know what to do. I'm serious. Do I just go live like this? I'm luminescent. What else am I supposed to do? This is fun. It's important. We've got to do it. I don't know what to do. This thing is like we already meant to have started two minutes ago. And now Alistair's frothing here with excitement that there's problems. Look at him, salivating like a bloody Kardashian cameraman. Hi, Rand. We're having trouble with the green screen, getting it set. We're doing that thing where it's either the host or the green screen. Can I be adjusted your colour, your green for the preview? Yes. Preview. Wait, there we're back. We clicked preview. It worked. Now, on the black magic card, press the find button. On this thing? Yeah. That one? Yes, press that button. Okay, I'm there. It worked. Well done. You're a genius. This is why you own this company. He's not impressed. He's having his breakfast and matcha and we're late. What can we do? Guys, let's just quickly close off over here. Remember, we do have the morning call as well, which is right now. That is on the Banta Bubbles chart, the newsroom. You can go there. Sign in right now. The call has just begun. It's capped to, I think it's 500. So make sure that you jump in. I see someone says that Karl's going to be late. Yes, I'm going to be late. I'm still on the show. I'm paranoid if I'm late. I'm out. That's where you can hear Rand shouting at people. So if you find that a good time, then make sure you join. There is also a lot of alpha in the group. I've got a problem with it. The problem is that you're not accountable in any element. The language is done. I don't get my translations. The influencer campaign is two weeks old. I can't get involved in it. I just need results. Just need results. I can't get involved in the process. Can't get involved in managing the resources. That's what you need to be doing. So I've given you four things. Now you need to focus on those four things. One, the tech must work. No bullshit, no downtime. Make sure the tech works. You've had millions to know on this tech. No bullshit, no downtime. The ability to patch guests in seamlessly during the show is important. Can't carry on in the middle of the show, interrupting the show, not being able to share screens, audio is not coming through. That needs to be fixed like now. Your responsibilities are very simple. The tech in this office must always work. Must be seamless. I called me in, gave me more work and less time and layered through the deliverables and just basically said that none of the tech should ever give a problem ever again. And it's quite hard to agree to something like that because that's not how tech works. I don't need to know the process. I don't need to know the issues. Everyone else here gets their job done. They manage the resources to get the job done. I'm expecting the same from you. Okay? If I risk doing it and I mess it up, it's a big thing. So I need to get someone who's got the knowledge and has the experience to do it. It's a nice statement, but it's not possible. In some situations it's not. All I do is kid -shadow them and how hard I push on both sides. Is that just the reality of life? It's the reality of life. I don't hear it from anybody else. I don't hear it from you. I don't take it personally. I find as a teacher it's fascinating to learn, but if you're looking for compliments and you feel uplifted in your life, go somewhere else. 100%. And when we're doing this, is our life a reality show? Yes. Seriously, I'm going to be on a weekly reality show. Give them cocktails. You're going to do good stuff. You're going to get compliments, bro. No. Once a year. Give them cocktails. Life will get bad on you. James has had a very tough day. Nothing that a good cappuccino and what we call in South Africa, I've been here for a long time. I've been driving shows. I've been doing pretty much whatever. My job has evolved into pretty much everything here. I'm bored of driving shows. I've finally been off shows. I'm doing projects now. Projects for Cryptobancer. So influencer marketing, translating the languages, moving our broadcasting system over, then not only that, I've been keeping up with all of my stuff, following up on everything every day, but I've also been getting knocked out every day. Also getting a little bit of shit every day. But I also know from being here a long time, sitting here and arguing and making excuses doesn't help either of us. Long -term portfolio. Long -term portfolio. Yeah, it's more higher time frame for your stuff. Yeah, fair, fair. So long -term stuff, bro. So I'm going to help them build the ultimate portfolio. You know how I do that soldier sort of mechanism of understanding the different levels that your altcoins should be inserted into your long -term portfolio. So it's higher time frame portfolio plus strategies and you're preparing them mentally for the bull market and how they're going to act on it and what they're going to do when it comes, et cetera. Okay. Thank you. How long are you going to be? Not more than an hour. No more than an hour. It never stops, no? Working on the run is like, it is really, really, really hard. Some people can... If you don't do something right, you don't stay in your lane, you're going to get hit on hard. A lot of people can't take that. A lot of people will leave. I've seen many people come in and out of these doors that can't hold the pressure. He is a top businessman. He is a man that's savage in his industry and you've got to give him respect. There's a very small percentage of the planet that's got a nice vibe he has. JAMES' TROUBLE James, are you in trouble again? When am I not in trouble? James is always in trouble. Always. James is trouble. We had the disco moment, remember? Last week when Ranz Lightz went on and off five times. It happened again this morning for Kyle's show. But yeah. He didn't shit again. James is going to get fired. Look, I know it's tough here. This is a high performance environment. But if we're going to achieve our objectives, we can only have a high performance environment. But it's my responsibility to make sure that we are executing according to our vision. And our vision is to build a billion dollar business in less than three years. And to me, as I say, culture is the most important thing in a business. It's what separates good businesses from bad businesses. And I won't let the culture of this place decline. It's just not something that I'll do. I won't compromise on culture ever. It took me 17 years to build a $150 million business. I've done it before. This time it's actually about changing people's lives. And if you look at every single person that I work with here, they'll tell you their lives have changed. I don't think anybody's going to complain in three years when they're sitting on their yachts sipping on margaritas. They won't complain anymore. It's a single swim. That's all. So, Rand always striving for success. I think that's very, very good. That's the perfect leader that we need. Yeah, he's an incredible human, incredible business person. And his work ethic is unparalleled. So, I look up to that. I see him as a mentor. Because, I mean, I thought I worked hard. He has four kids and he still works harder than me, which is just mind -blowing. It's insane. So, yeah. What are you talking about? Yeah, so, obviously, Do's been under me and, like, within the business. He's been running the live training sessions. He was very, very afraid of being behind camera in the beginning. But I just had this feeling that he had to get his ass behind cameras. And I think he's more than just doing my charts on Discord. I think he should have a show. I think he will annihilate in the pool. Like, he's really good. But I feel a lot of our hosts are going to struggle in the pool. I think they do well in this market. I don't think they're going to do well. And I think we've got a channel that we're wasting. The fact that we don't have daily shows there. I think we're going to rebrand the channel, the other channel. I think I'm actually leaning towards Banter Plus. Because I think Banter Plus just says everything it needs to say. It's like, it's the better channel, it's plus, it's additional. Plus, it's the better channel. Yeah. If it says Banter Plus, if you're making a step -style channel, people aren't going to watch it. People don't watch the second league. People don't watch Formula 2. People don't watch. People want to watch the best. I promise you, bro. I'm going to move my show. I'm going to move my show to another channel. Soon. Rebrand and move. It's too much of a move. I'll do it when there's movement in the market and there's a full cycle. I'm going to jump. So you want two main channels? Sure. Why? What do I gain if I don't do it? I've got a channel. I've got two amazing channels instead of one. We'll rebrand a channel. Then you can try another show there. But you know, if you get onto the show, you sign a contract, because we don't want to build stars here that don't compete with us. Wait, you know. You know where my loyalty is. I know where your loyalty is. You know what they say. When you marry your wife, you're marrying your best friend. When you're getting divorced, you're getting divorced from the wicked witch of Eastbeck, bro. You can't even talk to her when you're getting divorced. That's what you've got to plan for. You know what I mean? We do have one. We do have one quick problem, and I need the banter fans' help with it, okay? Especially this sniper army. Run is considering his maybe, because we have a second channel coming up. Maybe Dylan should have his own show. So what I want you to do, I want you to go to Run's show today, and I want you to spam the shit out of the comments and say, Dylan must get a show. Dylan must get a show. Dylan must get a show. I love these altcoins. I just love these labels. I love these foods. I mean, I'm doing this stuff every day, and I'm so happy to share it with you every day. We're going to basically park there to pay, so you're going to have two powerhouses driving to one run. Yeah, that's the difference here, because a lot of people aren't there. What you do in the background is your deal. You guys are going so much at the end of it. You're not going to come... I just want to make sure that he has a show and that you... For as long as your show is growing and you have a lot of community... You think I'm good enough to have a show. I don't want to come here and sell one. more So, exactly, this is my point. I was always a reluctant presenter. So Ryan pulled me into the office. We were talking about the show and everything and the possibility of me getting one. It's not something I was always pushing and chasing myself, so it was quite strange to me when he told me I'm potentially not good enough. So, I mean, there is a difference between show business, obviously, and the content work that I do. I know my content is 10 out of 10. I'm not the most exciting or charismatic presenter, but I think I can get better. And I think I can prove him wrong. Yeah, so people want to know if I'm good enough or not. You just need to come look at my charts, really. I mean, look at this tweet. When everyone is getting all depressed, I said to them, Pump town coming for render even though there's a death cost, okay? Look at this. Bang. Perfect. Absolute perfection. Into the trend. TP time. We're out of this trade. Look at this one. Oil. Everyone was so bullish on oil. We got the short lie. We traded this oil completely live on the channel. Look at Rune. Called a short on the live into a banging resistance zone. I mean, there it is right there. Look at this camp. Looking so sad. Rune's coming down right to this zone here. At least 1 .4. Maybe even down there. So, it's all happening in here all the time. Just come look at my charts. They're here in the Discord as well. Look at this. Look at this DYDX. We said it's breaking through resistance. It was a big resistance zone. Looking for support to develop. Look at that. Bang. Now we're going to short this thing. So, you decide. Is my work good enough? I don't know. We'll find out. I like Dylan. Dylan I've known for a long time. In fact, Dylan's wife and my wife are actually very good friends. That's how we met. And when we moved into Banta, I brought him along for the ride. Because I just knew we'd find a spot for him. Now, the ball is in his court. We're giving him the screen. We're giving him the platform. And now he has to perform. And it's kind of cute to see how stressed he gets. Because Dylan's skin -haired beard. And now he's shitting himself in front of the camera. So, it's actually quite fun to watch it happen. We'll obviously support him. I want him to succeed. When you get to 50 shots, that's a lot better if you didn't have to have a phone. You want to embarrass him? Let me show you how embarrassing my first shoot was, bro. This is the first time I ever did fucking live. Live fucking TV, bro. I do really love you. Good luck. Good luck to 50 years. Welcome to Crypto Trader at the World's Best. How bad is this? How bad is this? This is basically true. I am Crypto Man Ryan. And I'll be your host. How bad is this? I'll be your host. You're a mess. I want you. I want you. I want you. I don't want you. I'm so bad. Just for everyone, I know how tough it is making content at this time when shit's happening. And when it's getting more and more and more boring. I'm starting to get my momentum back, which is why I think I'm going to cancel my career trip because I just can't afford a disruption in momentum. I think we need to use this time to build because you're like two green candles on Bitcoin and you know what happens, everyone's going to rush back. When that happens, a lot of changes are going to happen in this business. So the first bit of content we're going to do is Dylan's going to have a show. We're going to finalize all the agreements here, but Dylan will have his show.
The Breakdown
A highlight from Markets Shrug Off Predictable Powell at Jackson Hole
"Welcome back to The Breakdown with me, N .L .W. It's a daily podcast on macro, Bitcoin and the big picture power shifts remaking our world. What's going on, guys? It is Friday, August 25th, and today we are doing a macro roundup. Before we get into that, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Well, friends, today, the big thing, of course, is Jackson Hole and Powell's speech therein. And so I thought it would be good to put that in a wrapper of the stories that have been going on around and outside of the industry, things that have been impacting traditional markets to put that news of what Powell said in its proper context. And for that, I want to start with a story that those of you who have been listening to the AI Breakdown will be quite familiar with. That is, of course, Nvidia. Nvidia absolutely blew earnings out of the water after the market closed on Wednesday. Their Q2 net income came in at a staggering 6 .7 billion, which was a 422 % increase from the same quarter last year. Sales growth shot up by 171 % on an annualized basis to reach 13 .51 billion. Profit came in at 270 per share. Now, compared to analysts' estimates, those figures represented a 30 % beat on profits per share and a 22 % beat on sales. That is massive, especially considering how much hype and anticipation Nvidia had going into this. Now, overnight on Wednesday, shares rocketed up over 6 % and hit a high point of $517 per share. That pushed the stock up more than 220 % on the year. The company also announced the approval of a ridiculously large $25 billion in buybacks, representing a little over 2 % of the total market cap at current prices. Now, this is the second quarter in a row with blowout earnings for Nvidia. Q1 sales came in at 10 .3 billion, outperforming analysts' estimates by almost 30 % again. During their Q1 report, Nvidia had guided 11 billion in revenue for Q2, which was an estimate that exceeded analysts' forecasts by over 50%. And it turns out even that was far too conservative. Now, of course, Nvidia's success has been coupled to the rise of AI. The firm's H100 GPU is the top of the line in AI computing, and it's not particularly close. Individual units range in price between $25 ,000 and $30 ,000 with a volume discount, but that isn't even really the highest end product being demanded by the world's largest tech firms. That distinction goes to the HGX box, which is essentially eight H100s assembled into a single unit of raw AI computing power. Nvidia's CEO Jensen Huang said of the product line, We call it H100 as if it's a chip that comes off of a fab, but H100s go out really as HGX to the HGX unit's require a supply chain of 35 ,000 parts to put together and are sold at the lofty price tag of $299 ,999 per unit. And even at that price, Nvidia are struggling to keep up. Huang said, We're not shipping close to demand. Now, in a lot of ways, there really has not been anything like this phenomenon in recent memory. Nvidia has built their firm around the transition away from GPUs as just being used for graphics processing and video games to focus on more generalized use cases for that style of chip architecture. That transition started many years ago. For example, in 2012, researchers used Nvidia chips to achieve previously unheard of image recognition. Since then, the firm began working alongside AI researchers to optimize their chips for the tasks demanded by high -end AI models. They took on an explicit AI focus starting around 2017. That process of iteration has led to Nvidia being the singular leader in AI chips with a wide gap between them and their nearest competitor. During a recent interview, Huang said, This type of computing doesn't allow for you to just build a chip and customers use it. You've got to build the whole data center. And indeed, the customers seem perfectly willing to spend the high -end dollars for premium performance. One high -profile startup, for example Inflection AI, recently raised $1 .3 billion in funding to finance the purchase of 22 ,000 H100 chips. Mustafa Suleiman, the CEO at Inflection and previous co -founder at Google DeepMind, said that none of Nvidia's competitors could offer a comparable solution. Huang broke down the math of his company's product offering like this. He said, If you can reduce the time of training to half on a $5 billion data center, the savings is more than the cost of all the chips. We are the lowest cost solution in the world. This year, Meta has committed to spending $30 billion on data centers, with much of that capital likely to be spent with Nvidia as just one example. Now, Huang was not at all bashful on this week's earnings call, stating that a new computing era has begun. Many others agreed with him. Dan Ives from Wedbush called it a 1995 internet moment and said it was the guidance heard around the world. Indeed, so far this year, the market has been responding as if a paradigm -shifting technology change is underway. Nvidia is by far the best performer in the S &P 500, and alongside Nvidia, six other big tech firms have been benefiting from the AI enthusiasm as well. This includes Meta, Amazon, Apple, Alphabet, which is Google, Microsoft, and Tesla. Together, this group, which has now become known as the Magnificent Seven, have outperformed the S &P 500 over the past year. Historically speaking, this narrow range of market breadth is typically only seen in the wake of a massive market downturn, and even then only briefly. The only really comparable era of the last decade when market breadth had maintained such a lopsided slate for so long was in the second half of 2020. During that period, both Etsy and Tesla were added to returns respectively. The rest of the top performers that year were rounded out by L Brands, PayPal, and of course, Nvidia. As another comparison point, so far this year, the median S &P 500 company is up only 2 .34 % compared to the 16 % returns for the overall index. What's more, 228 companies in the index have seen their share price decline year to date. Now, the high -flying Nasdaq 100 index is a little bit more evenly spread. The index saw the best first half returns in its 52 -year history this year, notching up a 30 % gain. 32 firms are outperforming the index this year so far, while the bottom quarter declined in price. Now, these periods of narrow returns don't typically precede a major market correction. However, this situation is somewhat unique. It's rare that multiple companies across a leading sector are so reliant on a single company to supply a critical component. But that's a situation we find ourselves in right now. Now, part of why this matters, of course, is that, as you just heard numbers around, AI has effectively been keeping markets afloat this year. One of the most dramatic moments of this was during the battle around the US debt ceiling. This is a time that the market should have been, by all accounts, incredibly nervous, significantly wobbly. I mean, hell, we had our debt downgraded when all was said and done. But it couldn't beat out Nvidia and AI enthusiasm. Now, that wasn't exactly the case yesterday. A lot of the reporting on Thursday was about how concerns over what Jerome Powell would say at Jackson Hole on Friday were tamping down any particular bump from that Nvidia earnings beat. You'll remember that the annual Jackson Hole Symposium is a big central bankers event that focuses on the long term of monetary policy. It's a chance for the Fed to signal where things are going more than just in the next couple months. At least that's what it's historically been. Last year, it was notable because at the last minute, Powell decided to rip up his speech and give a terse eight minute diatribe that basically said that markets were getting way out ahead of themselves, effectively ending a late summer rally. Powell said at the time in no uncertain terms that the inflation fight was not over and stated explicitly that, quote, there will be pain. Now, coming into this, Adam Posen, president of the Peterson Institute for International Economics, said there's no way Powell's speech can be that tight and clear this time because the economic outlook is genuinely more uncertain. Central bank decision making in some sense is easier when you have policy wrong and you have a long way to go to where you should be. It's more difficult when you have to sort through being close to the right policy, but not sure you're there and that's where the Fed is now. And so a year later, the inflation fight is still underway and it was anticipated that Powell would use his appearance to reinforce the Fed's commitment to finishing the job. Up until now, the policy choices have frankly been somewhat obvious. Continue raising interest rates until inflation cools or something breaks. And even when something breaks, try to fix it without changing interest rate policy and see if that works. However, with inflation now moderating to its lowest level in almost two years, there is a lot more potential for disagreement among FOMC members. Powell was expected to give his views on whether rates should continue to go higher into the end of the year, as well as to sketch out how the Fed would determine when the time would come for rate cuts. Forecasts from Fed members have generally called for rates to be held higher for longer, but with pressure on the banking sector, it's unclear whether policymakers would be on board with sticking to that strategy. Now, as well as the rumors of dissent among FOMC members, the economic establishment is beginning to question whether the inflation fight is even worth taking all the way to its conclusion. Responding to a Wall Street Journal article published on Monday, Paul Krugman tweeted, I agree with Jason Furman's call for a 3 % inflation target. The rationale for 2 % has been overtaken by a couple decades of experience. So if you think 3 % is the right target, shouldn't we be declaring victory? Or to put it a different way, if 2 % was a mistake, how many people should lose their jobs for a mistake? Now, Yuga Kohler, senior staff engineer at Coinbase, captured much of the sentiment in the crypto space when they wrote, the difference between a 2 % and a 3 % inflation rate over the course of 75 years is literally 100%. Raising the target is a sleight of hand to inflate away national debt. Stephen Geiger, an economics commentator and Paul Volcker fan, said, or, and stick with me here, we keep it at 2 % and the Fed and federal government can just do their job. So what did we actually get? Well, in this case, it was much what we expected. Bloomberg's headline reads, Powell signals Fed will raise rates if needed, keep them high. The Wall Street Journal writes, Powell, Fed will proceed carefully on any rate rises. And as per Bloomberg, the key takeaways were that 1. Powell acknowledged that the economic backdrop is better than it was a year ago, but he said that the Fed stands ready and willing to raise interest rates further if they need to. 2. He continued to focus that everything going forward will be data driven, but he did not put the possibility of cuts on the agenda, saying based on this assessment, we will proceed carefully as we decide whether to tighten further or instead to hold the policy rate constant and await further data. Third, Bloomberg says the comments are consistent with expectations that the Fed will leave interest rates unchanged at the next meeting with the possibility of another rate hike later in the year. Fourth, Powell acknowledged that interest rates are now high enough to be restrictive, meaning that they are weighing down on growth and inflation. And finally, Powell said 2 % is and will remain our inflation target, throwing some damp water on that part of the conversation. Nick Timiros from the Wall Street Journal, widely viewed as the Fed whisperer, called it a risk management speech. He quoted Powell as saying, given how far we have come at upcoming meetings, we are in a position to proceed carefully. The Kobayisi letter pointed out some data from bond traders around what their predictions are. They write, odds of a 25 basis point rate hike in September more than doubled, 21 .5 % after Powell's speech. Odds of an additional rate hike this year just hit a two -month high of 52 .1%. Rate cuts are now not expected to begin until June 2024. Doug Bonaparte hit it out of the park again with another great headline. Breaking! Stocks fall as Fed Chair Powell signals he's willing to destroy the economy. But in point of fact, stocks are actually leveling out and even going up slightly, based I think on expectations being met. So all in all, a much less dramatic speech than last year, and frankly just a real continuation of what we've gotten from Powell for the last two years. Blockworks Jack Farley wrote, Powell chooses to close his speech with Paul Volcker's phrase, we'll keep at it for the second year in a row. And that is pretty much the story. Now the last interesting thing that I wanted to point out for this week just by way of closing is that the three -day BRICS summit came to a close on Thursday in South Africa with news that six new members would join the loose economic bloc. Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates have committed to join in January. This adds to Brazil, Russia, India, China, and South Africa — there's BRICS — bringing the ranks of membership up to 11. President Xi Jinping called the expansion historic and said it would be a new starting point for BRICS cooperation. Still, while the addition of new nations to the Economic Cooperation Group does add strength, the announcement falls far short of the hype that we had seen coming into it. There had been rampant speculation this year that the group would unveil a common trade currency backed by gold, which frankly rumors of a BRICS currency have been persistent for over a decade but have so far never materialized. So all in all, the world continues to be interesting but doesn't look all that different than it did heading into the week. AI is up, inflation is down, interest rates are flat, but maybe up. And so, as so often has been the case for the last few months, the best thing to do is go touch grass. Until next time, be safe and take care of each other.
The Bitboy Crypto Podcast
A highlight from FUTURE OF CRYPTO IS AT STAKE! (The Most Important Election EVER)
"Welcome to BitBoy Crypto! My name is Ben. And today, we've got to talk about something extremely serious. Now, if you watched the Republican presidential debate last night, or if you watched Donald Trump's interview with Tucker Carlson, you'll know things are getting pretty serious when it comes to the presidential election heating up. Now, I've said, guys, this is the most important presidential election we've had in, I'm going to say it, the history of the United States of America. I know that sounds dramatic. I know that sounds drastic. But it's kind of like this. It's like, you know, let's talk about working way up through a company, okay? You work up through a company. Like, you know what? Let's use sports as an example because I know y 'all are nerds, you don't understand sports. But some of y 'all might get this, and it's a really good reference, okay? Like, let's say you got a player for an NFL team, a player is at the end of his career, he's the backup quarterback, and, you know, he's always looking at the books, looking at the plays, or looking at the playbooks, and he knows a lot. And what happens is he retires, well, he gets to come on the coaching staff, well, he comes on the coaching staff as a low -level coach, right? And then eventually, he rises up through the ranks, comes the linebackers coach, and he's the, you know, the defensive coordinator, and then eventually he's the head coach. Now, a lot of times you'll have a head coach in the NFL and their team's terrible, okay? But the fans like the coach, the team's just bad. He did a better job when he's the defensive coordinator. You can't, once you get to a certain level, move backwards because you lose all respect. Now, this is how it is with the dollar, okay? The dollar started, worked its way up the ranks, and, you know, after World War I, it became, or before World War I, somewhere thereabouts, actually, it became the world reserve currency. And that's at least the process that kicked it off and started rolling towards the dollar getting world reserve currency. Now that the dollar has world reserve currency, that it is, if we remove that, then the dollar collapses completely, right? You can't go back to the defensive coordinator. You can't go to just being a popular currency that's not the world reserve currency. Now, what's the timeline on this? It could heavily depend on the presidential election and whether or not we, this actually happens or not, we do lose the world's reserve currency, which most people around the world would say, probably like 75 % chance we're going to lose it at this point. I want to go back to what caused this, guys. And I don't want people to think, I talked to a guy the other day, and he seemed to be under the impression that I'm like pro -Russia and anti -Ukraine. It could not be further from the truth. But what I am is I'm talking about I'm anti -Russian sanctions when it comes to the dollar because now that we've seen, we've seen what happens. Joe Biden single -handedly made the dumbest decision in the history of the United States of America when he put Russia on sanctions. Not regular sanctions like we put on Iran or Chris. Literally, they can't use their money. They froze their bank accounts, okay? So they can't use their US dollars. Guys, it's not about Russia. It's not even about the Russian people, which is sad for Russian people, too. It's about all the places that you do business with. Who does Russia do business with? You're not just cutting off Russia from the financial system. You're cutting off all of their training partners as well. So you're cutting off, obviously, the BRICS nations. Guess why the BRICS nations rose up and created this dual economy? Brazil, BRICS, Brazil, Russia, India, China, South Africa, those five countries all affected by the Russian sanctions. Guys, about a third of the entire world probably was affected directly by Russia getting their assets frozen. And so you can't have a world reserve currency that's a standard across the world that people can expect to trade with and then pick and choose who can trade with it regardless of what they've done. Now, look, if it was a tiny small little country, maybe you could have gotten away with it. But Russia is very, very important to the world stage. You couldn't do this worst decision a president's ever made. It's leading to us losing the dollar as a world reserve currency. Okay, now, I say all that because now we've got major news with BRICS. They've now invited two more countries and two countries that I knew traded with Russia. And I was wondering why they were included. Saudi Arabia and Iran. You got your money, you got your power in the Middle East right there. And, you know, it's the kind of thing where when the money from these countries come in, this is not good for the United States. The BRICS is getting stronger while we're getting weaker.
The Café Bitcoin Podcast
A highlight from Bitcoin News, 3% Inflation Target, and BRICS Expansion? With Dr.Jeff, Joe Carlasare, and The Caf Bitcoin Crew - August 24th, 2023
"Hello, and welcome to the Cafe Bitcoin Podcast brought to you by Swan Bitcoin, the best way to buy and learn about Bitcoin. I'm your host, Alex Danson, and we're excited to announce that we're bringing the Cafe Bitcoin Conversations Twitter Spaces to you on this show, the Cafe Bitcoin Podcast, Monday through Friday every week. Join us as we speak to guests like Michael Saylor, Len Alden, Corey Clifston, Greg Foss, Tomer Strohle, and many others in the Bitcoin space. Also, be sure to hit that subscribe button. Make sure you get notifications when we launch a new episode. You can join us live on Twitter Spaces Monday through Friday, starting at 7 a .m. Pacific and 10 a .m. Eastern every morning to become part of the conversation yourself. Thanks again. We look forward to bringing you the best Bitcoin content daily here on the Cafe Bitcoin Podcast. Good morning, everyone. Peter, Mickey, good morning, guys. Thanks, everyone, for being an early joiner on a late August morning here. I know people have a lot to do in the summertime, so thanks, everybody, for joining. Peter, how are you doing? Good morning. Doing well. It's another good day watching what's going on with the BRICs and their conference in South Africa. That is one of the many topics we'll be chatting about. Mickey, how are you doing, man? Good morning. Hey, good morning. 7 a .m. here. Just finished my exercise for the morning. So channeling my inner Steven Libka finished 8 ,000 steps before 7 a .m. today. So it's a good day. Dude, that is impressive. You're an early riser to have already done 8 ,000 steps by 7 a .m. Good for you. Steven would be proud. Well, hey, before we start getting into some topics, I just want to let everyone know today will be a little bit shorter of a show than normal. We got some people traveling to Bitblock Boom, the Bitcoin conference put on by Gary Leland in Austin, which is a fantastic conference. If anyone was thinking about going to a Bitcoin conference, we definitely recommend that one. It's a great one. If you're just thinking about checking out some of the content from it, we definitely recommend you do that as well. And speaking of that, we're going to be streaming some of the content tomorrow. So there won't be a normal Cafe Bitcoin show tomorrow, but we're going to be streaming some of the Bitblock Boom content because, again, that's just a great Bitcoin only conference. So definitely check some of that out. We'll talk more about that as the show goes on. All right, where to start here, plenty of topics that I think we can just do quick hits. Peter, I'm proposing that the Fed's new inflation target be 2 .17 percent instead of 2 .0 percent, and I wanted to know what you think about that. I think it should be 3 percent or whatever number they want it to be, because that's just what they do. There's no rhyme or reason as to why they've decided that 2 percent is the benchmark other than, I guess, they figure that they can steal that much money from people. And, you know, it's not really noticeable, of course, once you live as long as I have and you've been stolen from it 2 percent a year for the last 50 years, it's very noticeable. Yeah, quick shout out to some mental math, which I'll be honest, I don't do as much anymore. I used to be good at mental math when I was a kid in school, but with calculators and Excel, I am not nearly as good at mental math as I used to be. But there is a good one known as the Rule of 72, and this is how long it takes your money to either double or to lose half of its purchasing power. So if you get 1 percent returns per year, you double your money in 72 years. If you get 2 percent returns per year, you double your money in 36 years. That's a 72 divided by 2 and so on and so on. And it works the other way, too. So if you have 2 percent inflation every year, you lose half of your purchasing power in 36 years. If you have 3 percent inflation per year, you lose half of your purchasing power in 24 years, which I guess is approximately a generation. So at 3 percent inflation, you lose half of the purchasing power in 24 years. And that's somehow supposed to be positive for all of us. I will shout out my own tweet this morning, if you guys can bear with me here for a moment, but I just was looking at Krugman and Furman and these guys talking about how they think they've arrived at 3 percent being like a better inflation target. And they're pretending like there's some some real explanations, some real rationale. And, you know, they show a bunch of charts and stats. And I can't help but think that that's probably what the Catholic Church sounded like back in the fifteen hundreds when they said, no, no, this is why you have to pay for your indulgences. It's, you know, we're not making it up. It's not just for you to line our pockets. It's, you know, it's what the religion says that, you know, this is for your benefit and we're just telling you how it is. I honestly think it's that much B .S. that they talk about 3 percent being the quote unquote right inflation target. I just don't know how they do this stuff with a straight face, quite frankly. Not not only that, John, but but what are they basing that on? You know, I mean, they've continuously taken the, you know, components out of the the tool that they use to measure what the real inflation rate is. So, you know, to to adjust it for whatever their narrative is. And so, you know, I guess the real question is, how do we in in a in a world economy and in in, you know, in this kind of complex world, how do we really, you know, measure what real inflation is? Because I don't think the numbers they're using are real inflation. And I also don't think that the other extreme people who say that we're in a, you know, 25 percent or 20 percent inflation era, I don't think that theirs is correct either. So that that's my question is, is how do you actually what metrics would would we really need to use to get a real idea of what inflation actually is? I'm going to throw my thoughts on that. I think it's actually impossible and I'm not being overdramatic. I think it truly is impossible because there is no such thing as a singular number that objectively represents, quote unquote, prices.
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 08-22-2023 19:00
"Wind in a messy way but you don't know when and one of the other points that I that I'd noted in a piece I wrote a couple weeks ago was you know we're all looking at this 210 inversion and we're noticing now that with 10 -year yields rising the inversion is going away but the recessions start after the yield after the inversion is gone so that's another warning sign. See something they're talking to our very own Abigail Doolittle. Of course, Fred Powell, the Fred Chair speaks on Friday. This is Bloomberg. Broadcasting 24 hours a day at bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Wednesday August 23rd in Hong Kong. Tuesday August 22nd in New York coming up this hour. S &P Global Ratings joins Moody's in cutting US banks ratings. Microsoft may get a new chance in its takeover of Activision Blizzard. China's president Xi Jinping calls on South Africa to boost influence on global affairs. US Japan and South Korea prepare for North Korea satellite launch. Donald Trump's inner circle surrendering in Georgia. Hong Kong fights back against Japan's Fukushima wastewater release. I'm Ed Baxter with global news. Has PSG offered Mbappe to Madrid for 250 million euros? I'm Dan Schwartzman. I'll have that story more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington DC. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119 and around the world on the Bloomberg Business app. So we're about an hour away from trading in Tokyo Sydney and in Seoul.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 08-22-2023 18:00
"Is that what you were referring to, the Ben Emmons? No. Yeah. He sent me the note because we were talking about it. Saw it on the MLive blog as well. I mean, Jersey said in a blog, in Bloomberg, he's our interest rate guy and he said people were talking about Nvidia. Two hundred and what, 13 % so far this year? Yeah, that's right. I wish I could have owned that in January. Hindsight Capital. Oh, nicely done. That's John Authors. Doug Krasner, Daybreak Asia. It starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Daybreak Asia for this Wednesday, August 23rd in Hong Kong. Tuesday, August 22nd in New York. Coming up today, S &P Global Ratings joining Moody's in cutting U .S. bank ratings. Microsoft may get a new chance in its takeover of Activision Blizzard. Chinese President Xi Jinping calling on South Africa to boost its influence on global affairs. U .S., Japan and South Korea prepare for North Korea's satellite launch. Donald Trump's inner circle surrendering in Georgia. Hong Kong fights back against Japan's Fukushima waste water release. I'm Ed Baxter with Global News. Has PSG offered Mbappe to Madrid for 250 million euros? I'm Dan Schwartzman. I'll have that story and more coming up in Bloomberg Sports. That's all straight ahead on Bloomberg Daybreak Asia. On Bloomberg 1130 New York, Bloomberg 99 .1 Washington, D .C., Bloomberg 106 .1 Boston, Bloomberg 960 San Francisco, Sirius XM 119 and around the world on BloombergRadio .com and via the Bloomberg Business Act. A little past 6 p .m. on Wall Street. Welcome to the Wednesday edition of Bloomberg Daybreak Asia. I'm Doug Krisner and the Bloomberg Interactive Brokers...
Crypto Banter
A highlight from Your U.S Dollars Are NOT SAFE! (Buy Bitcoin?) | BRICS Summit 2023
"All right, here we are back again 26 ,000 and we back below the 200 week moving average and the 200 day moving average. Now we haven't been there since January and we don't really want to be spending a long time under this this level. But under this level, there has been a buyer and that buyer has accumulated a large amount of Bitcoin have accumulated over $3 billion worth of Bitcoin. And there is speculation that that buyer may be linked to BlackRock somehow we're going to explore that today. Also, as I said, you don't miss this. And then the last thing that I want to talk about is I want to talk about BRICS because we're here in South Africa. You've got world leaders that have arrived here in South Africa. This is Xi Jinping. I can't believe it. He's arrived in South Africa crazy, but he's here. So he's here. We're going to talk about BRICS because there's a lot coming out of BRICS. You know, there's the BRICS summit happening in South Africa, Brazil, Russia, India, China and South Africa all meeting here among things they're discussing is potentially a new currency that's going to that's going to disrupt the dollar. They're talking about A .I., they're talking about military cooperation and talking about growth of these nations. So we're going to we're going to cover the BRICS summit and what it actually means for the U .S. dollar and what it actually means for Bitcoin. So it's going to be a big show. And I know a lot of you in the in the comments are asking, so let's do it. Time to wake up, bitch, get up, get up, get up, get up, get up, get up, get up, get up, get up, get up, get up, get up, get up, get up, get up. All right. Welcome back. Wakey wakey. Rise and shine. Here we are again. Hold on. Can you guys hear me? Here we go. Let me turn up my levels a little bit. Wakey wakey, rise and shine. Let's look at what's happening on the markets. Let's get a quick look. Looking at the bubbles. If I look at the bubbles in today, I see SUI up five point one percent. We're going to talk about curve and why curves going down, because remember that the founder of curve actually sold a whole lot of tokens OTC to avoid getting liquidated. Now the price of curve is actually coming very close to his liquidation price. So the question is, is he going to get liquidated? Otherwise the majority of the bubbles are red. By the way, if you are using the bubbles, we've introduced an amazing, amazing, amazing feature. I want to show you. So when sometimes you look at the bubbles, you can't find the bubble that you're looking for. Like, for example, now, if I'm holding Solana and I want to know what's happening on Solana, you see, I can't really see Solana or at least I can't see it. If you go to the search, though, and you press S O L, what you can see is Solana starts flashing for us. We've introduced that search functionality. And if you are looking for a token that's not in the top one hundred, say, for example, looking at Unibot and it's not in the top one hundred bang, it just pops up here so you can see your favorite tokens. So we've introduced that functionality into the banter bubbles. Also, if you don't if you're not joining our morning research call, you should join or you do click on this newsroom, press add to calendar and then tomorrow when we have our banter research group call where we have all our analysts on one call, you can join and you can actually listen to call. And I don't know if you guys have been listening in the call. If you have, let us know in the comments, because I think those calls are amazing. It gives you a real taste of what life is like at banter. So, you know, really like you hear everything, you hear how we plan, you hear you hear everything. And I know a lot of you have actually been in the in that thing, got a big show today. I want to talk about BRICS and I want to talk about de -dollarization. And I don't think de -dollarization is going to happen today or next week or next month. But it's important that we understand how powerful BRICS is. And what you'll see is you'll see it. The Western media aren't really going to cover BRICS. And so you may not know exactly what's happening at BRICS, because it's not in their best interest to cover BRICS. It's almost like, why would you cover the BRICS summit if it specifically excludes the UK, excludes Europe, excludes the US? So you'll see the Western media ain't going to cover it, but we're going to bring you coverage of BRICS and everything that's going on there. Also, I want to talk about this US Treasury yield, because if it keeps rising, we're getting back to the same levels as 2017. And if we do get back to the same level, sorry, 2007. And after 2007, when it got to those levels, that is when Lehman Brothers collapsed and Bear Stearns collapsed and we had the whole housing market collapse. The question is, can that happen now? That's what we want to talk about today. And are you safe and should you maybe be in Bitcoin? And then I want to talk about this buyer of Bitcoin, because there is a new buyer of Bitcoin on the market buying a hell of a lot of Bitcoin, three billion dollars worth of Bitcoin. We're going to investigate that and see whether that could be BlackRock. So huge show. So what I need you to do, subscribe if you're not already subscribed. We are growing very, very, very fast. Thanks to you guys. The fam. Tell me you're present. So Scott Days, let me know if you're present. Ruggie, let me know if you're present. Maven, if you're present. Mark Davies, Frank, all of you, let me know if you're present. Just say, yeah, present, subscribe. Let's have some fun. Let's talk about what's going on in the markets.
Elevation with Steven Furtick
A highlight from The God Of A Way
"Hey, this is Steven Furtick. I'm the pastor of Elevation Church, and this is our podcast. I wanted to thank you for joining us today. Hope this inspires you. Hope it builds your faith. Hope it gives you perspective to see God is moving in your life. Enjoy the message. Let's praise the name of Jesus together. Come on. Lift up every voice to the great I am. If you know God is great and greatly to be praised, come on, lift your voice right now. That's it. That's it. A great God deserves a great praise. Let's give him a great praise. That's an okay praise, but he's not an okay God. Let's give a great God a great praise. Open your mouth and give him praise. If he walks you through, give him praise. If he's been good to you, give him praise. If he kept you, if he blessed you, if he led you, if he fed you, if he's been by your side, give him a great praise. A great I am. Let's lift up one more shout. Come on, corporately. Let's lift up one more shout. For the King is among us. It is such a powerful thing to call him the Great I Am. It means there is nothing you need in your life right now that he cannot provide. Nothing. We have come together today to worship his great name all over the world. We're joining now as a global church family. Let's welcome our eFam all over the world right now. Where are you joining from? Put it in the chat and let me know. Turn to your neighbor and tell them where you came from today to come to church. Do that in the room too. Tell them, I drove four miles. This gas is expensive. I'm checking on YouTube. Y 'all stay standing. God is going to speak a word to us today. Do you believe that? Do you believe it? This is fun to do every once in a while just to put it in perspective. I just told them in the chat, let us know where you're joining from. If you don't believe this is a global ministry, listen to some of this. South Africa? West Virginia? Well, those are different. Don't you feel sorry for me I have to preach a message that applies to South Africa and West Virginia? Thank God that the Word of God can travel through time zones, accents, backgrounds. All right. Slow down. Slow down. Slow down. How do you make it stop? I can't stop it. I'm trying to put my thumb on it. It won't stop. God is unstoppable. Phoenix, Arizona. Alabama. Dubai. Buffalo. Brazil? Did you say Brazil or Rock Hill? Welcome, Brazil. I was watching some UFC this morning getting ready for church. I recorded it so I could get a good night's sleep, then I played it so the Lord would fire me up to fight his battles when I was praying this morning. It was a good one too. Barbados, Uganda. If you would have told me… I'm just trying to put this in context. Just 20 years ago, one day you'll be preaching, and you'll be standing a few miles from your home looking in the camera, touching people with the gospel of Jesus Christ all over the world. I would have said, no way, but God, who is amazing and incredible and superfluous. You know how we call people extra, but we mean it like we're kind of putting them down. We're like, man, she's kind of extra. God is extra in a good way. He does exceedingly abundantly above and beyond all we can ask or imagine, and he has made a way for me. In fact, that's what I want to preach to you about today. I'm going to go to Isaiah 43, 16 through 19. Holly was trying to do a spoiler, but I wouldn't let her. She said, are you giving us another installment in this series, this God of series? We talked about how God is the Great I Am. We spend the rest of our lives filling in the blank, because when God told Moses his name, he said, My name is Yahweh, which is I Am. That's what the name means.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1376: This Will Send Bitcoin to $1,500,000 - Cathie Wood
"In today's show, we're going to be breaking down the latest technical analysis, as well as Michael Saylor, MicroStrategy and Bitcoin, three years after, now at 153 ,000 BTC on their balance sheet. We'll also be discussing Bitcoin's secondary scare now playing out, warrants top analyst Benjamin Cohen. But how low will the Bitcoin price plunge? We're going to be discussing that. As well as one catalyst which can trigger the Bitcoin price to explode by more than 450 % predicts fund strats. Tom Lee will also be discussing rich dad Robert Kiyosaki predicting Bitcoin rising to a million dollars per coin and gold hitting 75 ,000 while silver hits 60 ,000. If the world economy crashes, we'll also be discussing Cathie Wood confirming her one and a half million dollar Bitcoin price forecast for the king crypto. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my rumble channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. With that being shared fam, welcome everyone. This is podcast episode number 1376. I'm your fearless host JV and today is stacking Saturday, it's August 19th, 2023. Let's kick it off with our market watch as we do each and every day. We got Bitcoin still in the red unfortunately, but maintaining that 26 ,000 support. We have Ether and many of the alts back in the green, but barely after one of the biggest bloodbaths we have experienced in several months, we have Ether maintaining 1600 and it's just above one trillion. So the entire crypto market cap right now is only a trillion dollars. Isn't that insanity? Now there's 26 billion in volume at the past 24 hours with Bitcoin dominance currently at 48 .1 % with the Ether dominance at 19 % even and checking out the top 100 crypto gainers in the past 24 hours, we have SUI up about 16 % trading at 55 and a half cents, followed by Hedera, HBAR up 11 and a half percent trading at six and a half cents, followed by AKT up 11 % trading at $1 .55 and checking out the top 100 crypto gainers for the past week. Finally, we have many of the alts back in the green, but we have to keep in mind the massive bloodbath with over a billion dollars worth of liquidations practically in the past 48 hours. So naturally a lot of these altcoins are bouncing back after 20, 30 % losses and checking out the crypto greed and fear index, we're currently rated a 39 still in fear. We were in fear yesterday at a 37 last week was a 54 neutral and last month a 56 in green. Greed. So there you have it. How many of you have taken advantage of this recent dip? Please do let me know. BTFD and Staccanem Sats, dollar cost averaging is the name of the game, especially if you're in this for the long haul and also want to ask you where my long -term hodlers at, make some noise in that live chat. Now we're going to do our technical analysis a little bit different today. Why not try something new? And yes, I got some color to my skin because I spent the day at the pool here in Puerto Rico yesterday with my daughter and it feels good. Soak it in those sun rays, free vitamin D, D3. Why not take advantage of it? But anyways, now let's break down our technical analysis. I'm using trading view today. You should be able to see this on your screen. Let me know in the comments. We're going to do the one day right now. It's a sell signal. Sell says 14 neutral is a seven and a buy is a five and you're going to check out these oscillators right here. It says buy and then you have the moving averages is a strong sell signal. You're going to see why here in a moment. Let's start with the oscillators, which you should be able to see on the left on your screen right now. Relative strength index we commonly cover, which is the RSI is a buy signal. The commodity channel index is a buy signal. The momentum indicator is a buy signal. The MACD is a sell signal. The Williams percentage range is a buy signal. We got some neutral signals, but let's check out these moving averages. Check it out. Sell, sell, sell, sell, sell. Everything virtually says sell for moving averages except the whole moving average. I'm not even familiar personally with that metric, but all the major ones, the exponential, the simple moving average, et cetera, all in the sell zone. Very interesting to say the least, but I want to know how many of you took advantage of this dip or are you expecting and anticipating the Bitcoin price to drop even lower? If you're one of those expecting a lower drop, how low would the Bitcoin price likely go? Let me know your honest thoughts in the comments right down below. With that being shared, now let's break down the latest with Michael Saylor and MicroStrategy because it was exactly three years ago today he got his infamous Bitcoin position and now today they hold over 153 ,000 BTC on their balance sheet, which is no joke. Some say when Bitcoin hits new highs, Michael Saylor is going to be amongst the richest persons in this world. That wouldn't surprise me whatsoever, especially with his attitude of there is no second best and continuing to accumulate Bitcoin and never selling, he said, for hundreds and hundreds of years to come, so we shall see how that plays out. All I know is Michael Saylor and MicroStrategy is the smart money, Cathie Wood is the smart money, and I like watching the smart money and not listening necessarily to what they say, but more importantly, always watching what they do. I'm watching you. You know what I mean? Anyways, fam, let's break it down. MicroStrategy's co -founder and executive chair, Saylor, who served as the company's former CEO for over 30 years, continues to remain bullish on Bitcoin three years after his publicly traded business intelligence company decided to make its first Bitcoin purchase. That's right. If you missed the memo, Michael Saylor, his company MicroStrategy was the first publicly traded company to put Bitcoin on its balance sheet. Saylor also made a big price prediction for the asset, believing it could exceed a million dollars per coin. I say that's conservative because I've covered Michael Saylor predictions here on the show of him talking about a $14 million Bitcoin price. Real talk. Now, MicroStrategy made history and headlines. It was August 11th, 2020, virtually three years ago after becoming the first publicly traded company to purchase Bitcoin. The firm initially hinted back in July of 2020 about its plans to invest in assets such as Bitcoin or gold rather than holding cash as a way to escape inflation, with the company later deciding to buy Bitcoin worth a quarter billion, 250 million, and adopting it as a primary treasury reserve asset. And how many of you remember the infamous quote where he compared keeping cash on the balance sheet as a melting ice cube? I'll never forget that personally. And according to Saylor at that time, who was MicroStrategy's CEO, the decision to go for Bitcoin was made because of the crypto, served as a better hedge against inflation and had a higher return on investment compared with other assets. Now, that purchase marked the beginning of several investments amid the crypto's volatile price movements, causing the company to hold a large Bitcoin stash. And in June of 2023, Saylor announced that the business intelligence giant bought 12 ,333 more Bitcoin for $347 million, making it one of the company's largest purchases in a single quarter since second quarter of 2021. And as of July 31st of this year, MicroStrategy officially holds 152 ,800 BTC, which the company said was purchased for roughly $4 .5 billion at an average price of $29 ,672 per BTC. Now the business intelligence software firm is the largest corporate holder of Bitcoin. Besides corporate holders, we have the Grayscale Bitcoin Trust, and they literally control over 400 ,000 BTC, just FYI. Meanwhile in a December 2022 SEC filing, MicroStrategy revealed it sold 704 Bitcoin to generate tax benefits. The sale was a first for the company with the action contrary to the previous statement by Saylor, who said that MicroStrategy would never sell any of its stash. Now Saylor is known as one of the biggest Bitcoin supporters and has continued to promote the asset as far superior to gold, which is fact, calling it digital gold. However, he has not always not been pro Bitcoin. I mean, there was a time it was actually against it. There's an infamous tweet dating back to 2013 stating it would suffer the same fate as online gambling. Meanwhile, online gambling seems to be soaring and thriving better than ever before. And the same thing with Bitcoin. Go figure. Even not a rocket scientist can be right every single time, right? But Saylor's view on Bitcoin has since changed and you got to respect he had the balls to change his opinion publicly. How many people like Peter Schiff refused to ever change their opinion, regardless of how wrong they clearly are. You know what I mean? Now the MicroStrategy executive chair in May of 2022 said the Bitcoin price can go into the millions per coin while stating it is the future of money. We know this is a fact. The following month, Saylor predicted Bitcoin price would skyrocket to a million dollars. And later in September of 2022, the exec said the crypto could be valued at 500 ,000 in the next 10 years if it matches the market cap of gold. And for context, Bitcoin's market cap is currently roughly 570 billion, while gold is currently estimated to be $12 .8 trillion. Now also, Saylor seemed to be unfazed by the ongoing enforcement crackdown on the crypto sector by the SEC, stating the regulators actions could benefit Bitcoin by boosting the asset's price and increasing its market dominance share to 80 percent. Could you imagine Bitcoin continuing to eat these altcoins kind of like Ms. Pac -Man? You know what I mean? I think it's likely to happen in just a matter of time. And Saylor, who served as the CEO of MicroStrategy for 30 years, left his position in August to become the company's executive officer, with MicroStrategy president Fongli serving as the CEO. The American business exec explained that his new role will help him better focus on the firm's Bitcoin acquisition strategy and related Bitcoin advocacy initiatives. So there you have it. The man just wants to focus on stacking more sets. You can't blame him. Much power and respect to him. Shout out to Michael Saylor. If he is one of your favorite Bitcoiners, do let me know. And which one of your favorite Saylor speeches? One of mine is, there is no second best. There's Bitcoin. And you got Bitcoin. Shout out to Saylor. Anyways, fam. Now let's cover our next story of the day and discuss when do you feel the bottom will be in for Bitcoin? Do you think the bottom is already in at 15 .7 or do you think we have lower to go? Let's see what some of the top analysts have to say. This is Benjamin Cohen. Cohen tells his 800 ,000 YouTube subs the current crypto downturn is in line with a pattern that occurs every four years. Quoting him here. The idea behind the secondary scare in crypto comes from the fact the S &P 500 tends to get a correction in August for September of its US pre -election year. As we know, we have a big presidential election in the US next year along with that having. So if we were to look at the 2023, you can see the S &P is in fact getting this correction, which we talked about. The S &P 500 is down a little over 5 % since the start of this month. And according to the widely followed strategist, Bitcoin has plummeted by between 39 and 83%. During the previous secondary scares, quoting him here in 2019, once the secondary scare got underway, once we got below the 20 week moving average, right, or the weekly candle that led us below it, Bitcoin dropped yet another 61%. This one, 2015, was about a 40 or 39 % drop. Then in 2011, you had an 82 .5 % drop before we actually finally bottomed out in the secondary scare. In all three cases in the pre halving year, the S &P dropped in quarter three of the pre -election year, and then Bitcoin entered into a downtrend for a while. And we have three examples, one where we went down about 80%, one where we went down about 40%, and one we went down about 60%. So on how long Bitcoin could fall going by historical precedent, Cohen outlines three scenarios, quoting him again. If it's a 40 % drop similar to 2015, 40 % drop puts Bitcoin at $17 ,500, OK? That would be the lowest. This would basically correspond to his 2015 move that would put Bitcoin at $17 ,500. A 61 % drop, which is what we experienced in 2019, would put it at around $11 ,400. And an 80 % drop would put it much lower, which I will say, I don't think it is going to go nearly that low. And to watch this video he did entitled, Bitcoin, the Secondary Scare Has Begun, check the show notes below the video in the description. And what are your thoughts? Do you agree or disagree with the analysts? My personal thoughts, the lows are already in. They were in a long time ago at the end of last year. We hit that $15 ,700 level. I personally am very skeptical that we'll ever see a sub $20 ,000 Bitcoin price ever again. But I could be wrong in the same token. That's my personal opinion. Is that OK? I'm just telling you how I really feel. I think it's a great discount to take advantage of buying Bitcoin right now, considering the all time high in November of 2021 was roughly $69 ,000. So you tell me the math, where are we at, like a 60, 70 % discount from the top? Not too shabby. I would be stacking stats like there is no tomorrow versus, oh, let's sell my entire Bitcoin stash and buy it back at $15 ,000. What if you're wrong? We don't go sub $20 ,000 and you lose out on a massive position. That could happen as well. I don't like gambling. I'm in this for the long haul and there's nothing like the real thing, baby. And that's the fastest horse in the race. That's the king crypto. We call it VTC. And with that being shared, fam, now let's discuss an $180 ,000 Bitcoin price prediction by the one and only Tom Lee of Funstrat Global Advisors, managing partner Tom Lees, is one of the catalysts which can spur the Bitcoin price to hit. Six figures is going to be Bitcoin ETF approval. Let's break down this Bitcoin ETF, because that's what everyone is talking about right now, right? Quoting him here from this interview, he says, if the spot Bitcoin ETF gets approved, I think the demand will be greater than the daily supply of Bitcoin. And so the clearing price, this is done by Sean Farrell, who is our crypto digital strategist, is over $150 ,000. It could even be like $180 ,000 per coin. A spot US because a spot Bitcoin ETF is approved outside of the US. When they asked him, do you think there will be a spot Bitcoin ETF? And with Bitcoin currently trading at what, roughly $26 ,000, that means he's predicting an appreciation between 467 % and 580%. Let's go send it. Now, on Bitcoin's likely price action, if a spot Bitcoin ETF fails to win approval in the US, Lee shares the following, they're still upside because of the halving next year. Yes, so you have a drop in supply again, so the clearing price has to increase, but it won't be six figures. So he's ultimately saying if we don't get the ETF approval, we can still go to six figures eventually, but not as soon as we would anticipate with the approval of a Bitcoin ETF. So according to the Bitcoin bull, the Federal Reserve's monetary policy going forward will impact crypto assets, quoting him again from this interview. Crypto is dependent on monetary policy, so if inflation is cooling, then we can start to bet on forward financial conditions, easing, and the central bank easing sooner. That's bullish for crypto as well as alternative assets. To watch this video he did on this interview, inflation is on the glide path towards sub 2 % by the middle, check the show notes below the video in the description. Let me know if you agree or disagree with Tom Lee, virtually predicting that the Bitcoin price will likely see 150 and 180 ,000 per coin between that range coming up here in the near future. And again, I'm going to read everyone's comments out loud, so please let me know where you're from and any comments or questions, address them right now in the live chat. Now let's discuss Robert Kiyosaki, the famous Rich Dad Poor Dad author, and his $1 million Bitcoin price prediction, followed by the one and only Cathie Wood of ARK Invest with her doubling down on her $1 .5 million price prediction and how she got to those numbers, you know, dates, et cetera, and everything that comes along with it, and then we'll dive into our live Q &A. Massive shout out to Kiyosaki, Rich Dad Poor Dad was a very influential book in my young adulthood, which absolutely impacted me in a positive way. So give kudos and flowers when they are due. In a tweet on Monday, Kiyosaki explained that while he expects the price of Bitcoin to reach $100 ,000 per coin in the near term, he believes that it can soar to a million dollars, while gold will rise to $75 ,000, I take it he means an ounce, and silver trade at $60 ,000 an ounce if the world's economy crashes, noting, he has been saying for years, that gold and silver are God's money, while Bitcoin is people's money, and he also wrote the following, bad news, if stocks and bond markets crash, gold and silver skyrocket, worse news, if the world economy crashes, Bitcoin will rise to a million dollars, gold to $75 ,000, and silver to $60 ,000. Now would you consider this bad news? If the markets crashed and Bitcoin skyrocketed to a million dollars, that'd be the best news of my life besides the birth of my daughter, just saying. He added that us savers who hold the US dollar will be called fake money, they'll be in serious trouble, noting that the US national debt is way too high, preach. Kiyosaki often said that gold, silver, and Bitcoin are his preferred investments, emphasizing they are the best for unstable times, and following his warning about the global recession, he cautioned in May the world economy is on the verge of a collapse, the renowned author predicted in February the price of Bitcoin would hit $500 ,000 per coin by 2025, the year preceding the halving, and while gold will soar to $5 ,000 and silver will hit $500 during the same time period, he recently started saying that the price of Bitcoin would $100 ,000 this year in 2023, and $120 ,000 next year in 2024, which is the same prediction made by Standard Chartered Bank, and FYI, guess who is the primary shareholder of Standard Chartered Bank? You guessed right, it's BlackRock, and did you know that BlackRock owns even a large piece of micro strategy? That's right, so they're already indirectly invested into Bitcoin, just pointing that out. This week, he urged the investors to buy silver before it's gone, noting that it is more affordable than gold. Kiyosaki has been warning that the US economy is headed for a crash landing, he previously said that America is bankrupt and warned of hyperinflation, the rich dad author has been cautioning that a giant crash is coming for quite some time, many, many years, right? Moreover, he warned that the US dollar will die as the BRICS nations, which include Brazil, Russia, India, China, South Africa, and like 20, 30 plus other nations, plan to launch a common currency, and it's gonna be interesting to see how this plays out and what currency that they select. Could you imagine if BRICS adopted Bitcoin as their currency? Hmm, wouldn't that be a game changer? And also, there's other parts of the world right now with hyperinflation occurring in real time, I think Bitcoin is the only savior, just as it saved El Salvador, and if you translate El Salvador, it translates to the savior, go figure, could it be a coincidence? All by design. Let me know your honest thoughts, fam. And now let's break down our final feature story of the day, that's Cathie Wood of ARK Invest and her prediction of a one and a half million dollar Bitcoin price, send it and let's go, in a forecast case study released in February. Let me know if you can see the screen, I know the text is a little smaller on this particular article, but let me know in the chat, please. ARK Invest presented three scenarios for the crypto market until 2030. The bearish one suggests Bitcoin will just rise to 260 ,000. Not too shabby for a bearish scenario, send it, let's go, while the bullish one foresees a surge to one and a half million dollars per Bitcoin, and in the interview with Bloomberg this week, Cathie Wood said the team's confidence in the bullish scenario has increased. That's great, she's gaining more confidence, let's go. And as you can see outlined here, Bitcoin to likely scale into a multi trillion dollar market, you can see the bear case with a 2030 price target which shows 258 ,500 in this graph on the left, and then followed by that, the base case by 2030 represents 682 ,800 Bitcoin. I'd love that personally, I love all these targets, but could you imagine Bitcoin really hitting 1 .48 million, virtually 1 .5 million by 2030 in a bullish case, I most absolutely can see that happening. Wood believes Bitcoin will continue to establish itself as an insurance option against inflation. And that everyone will want it at the end of the day. Cryptos protect wealth from outright confiscation, great point, inflation and the risk of loss to third parties when stored or transferred. With the adoption of cryptos and the regulatory and legal framework in place, interest in Bitcoin will grow exponentially, I agree 100%. The SEC being flooded with applications right now to launch Bitcoin ETFs clearly indicates the same. ARK Invest teamed up with 21 shares and applied documents ahead of investing giant BlackRock, so they're actually first in line. The SEC has accepted this and other submissions as indicated in public records. A decision is due on 13th of August, but unfortunately, that decision ultimately shared that they were going to push back the decision now until I believe the first quarter of 2024. So sadly, there will be no Bitcoin spot ETF approvals anytime soon this year in 2023. That's the bad news. But some experts agree that BlackRock's participation increases the chances of a positive outcome existing crypto funds have already experienced an influx of capital from institutional investors not seen since quarter four of 2021 when we hit that all time high with over 700 million dollars invested into Bitcoin in just four weeks. So there you have it. And also, you can see here Bitcoin spiral for your cycle and you can see it shows you the bottoms, the halvings, and this is actually a pretty cool chart in this cycle with a record in 2026 Bitcoin will reach the maximum in the range, which is one hundred thousand to a million. I know that's a very wide margin and kind of the same as Stock the Flow model creator Plant B predicting Bitcoin being somewhere between one hundred grand and a million dollars after the halving. And in the next cycle, with a peak in 2030, the price will range from one million to ten million dollars per coin. Well, if you'd like to see a ten million dollar price action, let's freaking go. Now it's currently unknown whether the ARK Invest team was guided by the theory of cycles, but potential investors should consider that forecast and mathematical models give only a idea conditional of further changes. So there you have it, fam. How many of you are in agreement with Cathie Wood of ARK Invest that we likely to see that million dollar Bitcoin price or even above one and a half million by the year 2030, which is roughly seven years out? Let me know your honest thoughts in the comments right down below. And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Crypto Banter
A highlight from CHINA IS COLLAPSING RIGHT NOW! (BITCOIN DECISION TIME)
"Not much movement in Bitcoin again, we still where we've been for the last 59 days or whatever it is, but we do have a big emergency in China, massive, massive, massive emergency in China. And we need to pay attention to what's happening in China, because this morning China published their economic data and the economic data was way, way, way worse than analysts expected. It's an actual, actual, actual emergency. And we need to look at what this emergency actually means, because I know you think that if it's in China, well, it's in China, we don't see it, therefore it doesn't affect us. But remember that China is one of the biggest trading partners to the US, a lot of Chinese people use things like iPhones and Nike shoes and whatever else, and they export a lot of US goods. And a collapse in China could take down the US economy, that's what we're going to look at today. But there is one thing that the Chinese government can actually do to save their economy. And that one thing that the Chinese government can do to save their economy may actually be good for Bitcoin. Because that would mean stimulus and adding liquidity, that's what we're going to be talking about today. And also talking about liquidity, you know, we've been talking about Bitcoin being a function of global liquidity. And even though the US has been tightening on global liquidity, we always said that Japan would come to the market and save us, right? And that's what they've been doing for the last couple of months, because Japan's been stimulating their economy by putting money into the economy. And that's what has kept Bitcoin alive. All that may actually be about to end, and I'm going to show you what happened today in Japan that may actually end the Japanese putting more money into the economy and propping up the prices of risk assets. And then, I mean, I guess if you're in the US, this is the Bitcoin chart that you look at and you may say to yourself, well, we're so far away from an all time high and this price action is so, so, so, so, so boring. And you know, to be honest, I agree with you. But if you're living in Argentina, it's a different story, because if you're living in Argentina, actually, Bitcoin is hitting all time highs. And that's not because Bitcoin is doing very well, but it's because the Argentinian currency is collapsing. And we're going to talk about what's happening in Argentina and why this is, why this is happening and why this is so important that we pay attention to what's happening in Argentina if we are in Bitcoin. Then I think we need to talk about other international things. So next week here in South Africa, there's this thing called the BRICS Summit. Now, you know, BRICS, BRICS is Brazil, India, China, South Africa, and they are, you could say, against the dollar. Well, they are meeting here for the big BRICS Summit next week. And one of the things on the agenda at the BRICS Summit next week is actually the establishment of a common payment system. It says while a technical committee is likely to be formed to start considering a potential joint currency. And if that happens, you know what's going to happen to the dollar. And then lastly, what I think we should talk about today is we should talk about Michael Burry's second big short. So this guy, Michael Burry, for those of you don't know, he is the guy from the big short. He made his money short in the real estate market in the real estate in the housing market collapse in 2008, I think it was. And now he is max short on the market. He's over. It's a couple of billion dollars short on the market. So we've got to talk about what he's seeing and whether that what he's seeing is going to be good or bad for Bitcoin. So, look, not much is happening in Bitcoin, but there is a lot happening on the markets. And today, I think we need to go global. We need to go look international. We need to identify, we need to break down specifically what's happening in China and how that can impact the rest of the world. So big show, lots to do today and not much time. Let's do this.
Unchained
A highlight from Anita Posch on Why Bitcoin Is a Tool for Freedom Especially in Africa - Ep. 531
"Bitcoin can be one of the solutions for people who are disempowered, who are outlawed, the misfits, you know, basically Bitcoin is for them. Hi, everyone, welcome to Unchained, your no -hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago, and as a senior editor at Forbes, was the first mainstream media reporter to cover cryptocurrency full time. This is the August 15th, 2023 episode of Unchained. At Token 2049 Singapore on September 13th to 14th, Balaji Sreenivasan, Tyler and Cameron Winklevoss, Arthur Hayes and 200 others will hit the stage, joining over 10 ,000 attendees. Visit token2049 .com for 65 % off regular ticket prices with the code unchained. Link in the description. Arbitrum's leading layer two scaling solutions can provide you with lightning fast transactions at a fraction of the cost, all while ensuring security rooted on Ethereum. Arbitrum's newest addition, Orbit, enables you to build your own tailor made layer three. Visit arbitrum .io today. Buy, trade and spend crypto on the crypto .com app. New users can enjoy zero credit card fees on crypto purchases in the first seven days. Download the crypto .com app and get $25 with the code Laura. Link in the description. If you've been enjoying Unchained and find the discussions here fascinating, mind blowing or as crypto tends to be downright bonkers, please share this episode with a friend to keep the conversation going. Today's guest is Anita Pausch, Bitcoin educator, founder of Bitcoin for Fairness and author of Learn Bitcoin. Welcome, Anita. Hi, Laura. Thank you very much for the invitation. I'm honored to be here. I'm excited to have you. You work on so many different things related to Bitcoin. Why don't you just give us an overview of your work? I guess it's almost too much sometimes for my personal life. So, yeah, my main focus is on Bitcoin education, and I founded a nonprofit initiative called Bitcoin for Fairness, which brings knowledge or shares knowledge with people on the ground in the global south. And the last year I spent around eight months in southern African countries to support local initiatives with building Bitcoin communities, meetups, and of course, to share knowledge there and build knowledge on the ground. And two years ago, I published a book called Learn Bitcoin, which is a book for beginners, which basically speeds you up from zero to a self custody Bitcoin holder. So a real Bitcoin holder. And yeah, and besides that, I'm part of the C4 cryptocurrency certification consortium, Bitcoin Professional Committee. So I also help there to establish standards of education and knowledge of Bitcoin for people in the professional space. And at the moment, I'm just building a online learning program. Maybe we can talk about that later. So I do a lot of things. And also I'm testing wallets, for instance, in rural areas in Zimbabwe and see if they are working or not. And yeah, so I try to contribute my part to the Bitcoin adoption and Bitcoin education. And yeah, that's what I actually spend every day on almost. And how did you get into Bitcoin? That was early 2017. And I was working in web development and web platform development and online products for about 20 years, online marketing and build little businesses. I was an entrepreneur and I always had the feeling or I was looking for something that I'm really, really, really interested in. I mean, internet marketing, et cetera. I liked it. I loved it. But then after 20 years, it felt boring. And I also, we built online platforms for designers, for people who have small businesses. So we had something like Etsy in Austria when Etsy wasn't even in Austria. And when we built that tool, I realized how difficult it was back then to let people pay over the internet in your shop. And we had to pay upfront like 3 ,000 euros or something just to get the possibility to do that. So I learned how complicated that is and how much permissions you need, basically, and how much friction is in that system and how expensive it is. And so in 2016, I thought to myself, oh, I want to do something else and something that really makes more sense for the world than just sell stuff. And then I stumbled upon Bitcoin and I was drawn to it because very early, I think I understood because I had a great teacher in Andreas Antonopoulos, for instance, that Bitcoin is a tool for freedom. And it gives people like me, for instance, I'm a lesbian. I was born in Austria, 53 years ago already. And the first 30 years of my life, I didn't have the same rights as all the other people. And also my grandparents came from Bohemia, you know, they passed borders, they became Austrians. We had hyperinflation a hundred years ago in Austria too. And also they told me a lot about the Nazis in Austria and how life was for them and how shocking the change was suddenly when the Nazis came to Austria. And all these kinds of things, I think, came together. My life story, what I experienced so far, and that Bitcoin can be one of the solutions for people who are disempowered, who are outlawed, the misfits. You know, basically Bitcoin is for them because no one can take it away from you. It gives you the freedom to interact without anyone that can hinder you. And that's what I saw. And that's what I thought is a life -changing tool. Basically, we didn't have that in hundreds of thousands of years, an invention like that. And so I was greatly drawn to that. And that's, I think, where I take my energy from, from that discrimination that I felt here. And I think that for many, many, many people in other countries, life is much worse than for me. And so I think even more for them is a tool for liberation. And that's why I work so hard. And how did you, like, when you first got into Bitcoin, like you said, you had been doing web development. And so how did you go from that to Bitcoin education? Because I think your initiative in Africa, I think it only started in, I don't know, 2021 or 2022. Yeah. I think you just started it when I met you in 2022. That was Bitcoin for fairness. I just started that half a year before. Okay, so from 2017 on, I had to learn myself. That was the first thing. So I still did the marketing stuff and the web design stuff. And at the same time, I taught myself and I learned a lot about Bitcoin. I did the University of Nicosia online curriculum and course to learn more. And I very early started to write my first book, my first learn Bitcoin book, because I thought you can learn the most. If you have to understand everything to write it down for other people to learn it. And also I had a lot of good feedback. I asked people who were much more knowledgeable about it back then as I was and they helped me. And then one of the first things I also did was I translated Andreas Antonopoulos' The Internet of Money to German and learned a lot with that, of course. And I very early in 2018, end of 2018 or something like that, I did my first Bitcoin seminars in Austria and then also an online course in German. And then I took on the podcast because that was actually the first bigger thing where I think people in the English speaking world got to know me. So I did like 160 interviews with all sorts of people from the Bitcoin space, Adam Beck, Andreas Antonopoulos, James Loeb, yeah, on and on to learn myself. The Anita Pausch show, which you apparently have suspended or paused or something. It's paused because I was in Africa and in Zimbabwe, I didn't have internet. I could not record something like this. It's just it's not possible. So I stopped doing it, but I want to start again. And so and in 2020, let me go back a little bit. Like I said, in 2017, 2018, everyone was talking about how Bitcoin can be a tool against hyperinflation, a hedge against inflation, for instance, in Venezuela or in Zimbabwe. And I always was like, aha, that's interesting. And I have a friend who is living in Zimbabwe. And then I thought, OK, so if I think that Bitcoin is a tool of liberation for people in these countries, for people who are living under authoritarian leaders and against inflation. Then I have to go there and see if anyone is really using it because the Bitcoiners are talking about it. So I focused also in my podcast on the global south and on Argentina, Venezuela, I had guests from these countries. And then in early 2020, before the pandemic started, I visited my friend for four weeks in Zimbabwe to understand the problems there in real life, because, you know, we're always talking about it. And it's like, if you're not there and if you don't really see it, if you don't feel it, if you don't have to calculate each day the price of goods again and the next day, it's different than the day before. If you don't feel that yourself, I think you can't really understand the problems of the people. And that was the first time I went there. I also went to Botswana to meet with Alakani Etireleng, who founded the Satoshi Center in Botswana, I think, as early as in 2015 or maybe even earlier. So she's a real pioneer also. And then I went back to Austria because I still had my place here, my apartment and everything. But I knew that I want to go into that direction. And after the travel bans were lifted, I started traveling again to El Salvador when the Bitcoin was introduced there. And then I realized, podcasting is all good and fine, but where is the real education happening? I mean, podcasts are great for education, but there are so many now. I think it's even also difficult to get to have an audience there. And when I saw in Zimbabwe that there is some sort of adoption, yes, some people are knowledgeable about Bitcoin and are using it, but the vast amount of people is not. And there are so many scams down there. Everyone knows Bitcoin. Really, you can ask anyone, they know it, but everyone will ask you, but is it not a scam? Because everyone has been scammed or at least knows someone. And when I was there the last time I was living in a house and the maid, there are still people who have maids there, came to me because she saw a Bitcoin flyer on my desk and she said to me, can you tell me what is this Bitcoin? You are doing something with it. And I said, yeah, I mean, imagine it's like cash, only digital and your government can take it away from you. And she said, uh -huh, uh -huh. And I said, why are you asking? And she said, I'm in a WhatsApp group. And suddenly someone sent me a message saying to me, give me $50 now and in three weeks you get $100. And she said, yeah. And she said, that can't be right, can it? And I said, no. Yeah. So people are bombarded with emails, with messages like that. And I have seen so many people who've lost money and that's really sickening. And I think that's also why I try to get more and more and more education on the ground there so that people can share the knowledge with their own peers and things like that. And so is your sense that the efforts that you are making are, I mean, you know, obviously I'm sure what you're doing is true Bitcoin education in the sense that you're educating people about this technology and like understanding what this is. But is your sense that a lot of the activity in those places is, yeah, more of like using it to perpetrate scams? I mean, yeah, that can be. I mean, but I can't estimate that. I mean, using the name Bitcoin to do scams, of course, yes, they are all using that name. But it's not Bitcoin what they sell, of course. I definitely also a big amount of like exchanging dollars into Bitcoin because people who have dollars and know Bitcoin know that Bitcoin is a hedge against inflation of their own Zimbabwean dollar and also the US dollar also has inflation. But I also saw that a lot of people want to get hold of Bitcoin as a sort of a small investment for themselves. And of course, the rate of usage as a means to be able to send money in and out of the country is going up as well because Zimbabwe, for instance, is a country where you have very strict financial exchange controls. And also, you can't easily send money in and out of the country. I mean, first, no one wants the Zimbabwe dollar. I mean, I wouldn't want it, you know. The US dollar is mostly in banknotes. They only have banknotes. So, I mean, that's the next thing. You only have one dollar notes. And when you go into a shop and something is like 30 US dollar cents, you don't get 70 cents back. You get a small goodie or something. Yeah, so they are using like in the war times in Austria when people use cigarettes as money. You don't get any cash back. So I know people in Zimbabwe, for instance, who have freelancers in other African countries, and it's not easy to send money in and out of the country. And they told me, you know, when I send my freelancer in, I say, Malawi, three or four times money via mobile money or other providers, the government comes and asks me what I'm doing with that money. Why am I sending that money out? And with Bitcoin, I mean, she immediately could send the money from her wallet to the guy's wallet and no problem. Yeah, less costs, less friction, can't be censored. Nobody's questioning why she's doing that. And another big story in Zimbabwe is foreign exchange control also means that if you, for instance, a business in Zimbabwe and you want to buy goods from South Africa or another country. You can't do that with Zimbabwean dollar. So you need US dollar and then you have to go to the central bank of Zimbabwe and say, I would like to buy, let's say, 10 ,000 US dollars because I need them to buy the goods from South Africa. And every week is an auction in the central bank where the central bank decides on the value of the exchange rate from the Zimbabwe dollar to the US dollar. So it's decided it's totally controlled. And then when you get your US dollar granted, so you are allowed to exchange it. It's not that you as the business owner get the money and you pay your partner in South Africa. No, the central bank is paying you on your behalf.
The Economist: The Intelligence
"south africa" Discussed on The Economist: The Intelligence
"Time and time again, South Africa is marking out a diplomatic stance that leans away from the west. When the UN passed a resolution for peace in Ukraine to mark a year of war, guess who abstained. The assembly broke out in applause when the final tallies were in. 141 countries in favor, 7 against, and 32 abstentions, including from South Africa. South Africa faces a difficult balancing act as a non aligned country, it needs to keep on friendly terms with both Russia and the west alike. But recently, it seems as though the balancing act is getting more unbalanced. South Africa is drifting diplomatically towards Russia and China. John McDermott is The Economist's chief Africa correspondent. That drift is posing increasingly difficult questions for the west over how to respond. And what do you mean by drifting? What's changing? Well, Jason, let's talk about some of the nautical shenanigans. Late last year, there were a couple of incidents that worried western diplomats. The first was a ship opened by a sanctioned Russian tycoon that seemed to be heading towards Cape Town. Ultimately, it diverted. But another ship also under western sanctions. Did dock at a South African naval base in December. That ship, known as the lady R, at the very least offloaded some weapons, ordered by the South African government, and some in the diplomatic community fear that weapons may have gone from South Africa onto the ship, perhaps to Russia and who knows from there. The South African defense ministry says ammunition was only offloaded, nothing was unloaded by there are still many questions and its incident that has upset a lot of people in Pretoria, South Africa's capital. And if those two incidents on the high seas were not enough, then in February, there were ten days worth of naval exercises hosted by South Africa with the Russian and Chinese navies. And what has the relationship between South Africa and Russia and China before now? I think it's important to parse a couple of things. The first is the relations with Russia and China. Most South Africans and most diplomats from the west can understand why South Africa like any African country would have a close relationship with China. South Africa sources more imports from China than any other country. It's a source of foreign direct investment and since 2010, it's been South Africa's key sponsor within the BRICS group. It actually ensured that the BRIC group became the BRICS group, which is this block of emerging markets, and South Africa is by far the smallest of that posse, which also includes Brazil, Russia, India, and China. And China's sponsorship of South Africa means that Pretoria has a seat at a bigger table than it otherwise would. Okay, that's the rationale as regards China. What about as regards Russia? Russia is a different case. It's far less clear what. Russia offers materially to South Africa as a whole, but it does have a long history with the ANC. The Soviet Union, which also, of course, included Ukraine, supported the anti apartheid struggle. And there are specific Russian businessmen that had donated money to the ANC and there are specific South African politicians who have close relationships with Russia, whether that is for medical treatment, as they say, or because they have historical relations they may have studied there. And these historical and personal ties are part of the reason why South Africa has consistently abstained over UN votes to condemn Russia's activities in Ukraine, whether that was seizing or Crimea in 2014 or the boats following the invasion of the Ukrainian mainland last year. So essentially South Africa is trying to be friends with all for many historical reasons and so on, and that's just starting to look less tenable in today's world. Yes, the thing that's correct. For most of the 21st century, the west was content for South Africa to have it both ways. The west was also embracing Russia and money and cheap Chinese imports. And so long as South Africa was still keeping a strong economic relationship with the west as it still does. Everybody was happy and it seemed just a simple case of pragmatism. But two things have changed. One is that under this ANC government, it has actually done more things that are pro Russia than it has in the past. But as you say, Jason, the world has also changed. The context has fundamentally changed and South Africa hasn't quite a recognized that. But the west has Western countries been doing about that growing influence of Russia and China. So they first tried to charm offensive after you had the February vote to condemn Russia at the UN General Assembly, the west, particularly America thought. Okay, we need to try harder with South Africa. So they picked up the phone to president Cyril ramaphosa and they asked whether he would like to come to America to Washington to meet Joe Biden and mister Biden gave mister Rana poza a private tour of The White House. He became the first head of state to receive such an honor from mister Biden. And then weeks later after mister ramaphosa became the first head of state to visit Britain under King Charles the third. So there was a lot of wooing. But then came another version October, following Russia's annexation of Ukrainian territory. And everyone in the rest was quite hopeful that mister rabbit posa having the wind and dined would support that resolution. But it was mister Rama poza himself that personally Grover ruled his diplomats advice and abstained once again. So therefore I think South Africa is actually a interesting broader lesson for America and Europe as they try to think through how to deal with these non aligned countries in this new geopolitical context. Well, what's the answer if the charm offensive didn't work then something less charming might? Certainly some are advocating a tougher line. Republicans in Congress are proposing a bill that would see South Africa lose its preferential trade terms with America. And even within the Biden administration, there are people discussing whether they ought to go harder, for instance, by using some of the law enforcement and intelligence capabilities to explore some of the potential links between Russia and South African elites. And western governments of all stripes are pondering whether to war on mister ramaphosa about attending a potential Russia Africa summit that's due later this year. But it would be wrong to say that there's a decided position on all of this. There are some that are more Hawkins, there are some that more dovish in general, I think the Americans are pushing for a harder line than the Europeans. And one reason for this disagreement is the recognition that the ANC is not South Africa. If you look at what polls have been done on the Ukraine war, they all show a plurality at least South Africans. Opposing what Russia is doing. And that matters because the ANC may not be the government or at least the soul party in charge, come the next elections in 2024. But in the meantime, South Africa as a whole is essentially diplomatically isolating itself. Yes, it's an enormous act of self sabotage because the tragedy is that South Africa right now needs all the help you can get from its Friends. It is not the singular sub Saharan African power it was on the Nelson Mandela and top of Becky. It's also increasingly empowered that the country is falling apart that the ANC struggles to keep the lights on that the water in the taps in much of the country is running dry, organized crime is rampant. So whereas the ANC likes to see itself as leading this big, powerful prosperous country that is respected around the world. The reality is increasingly different. That it's running a failing,
KAILASH HAZARI IAS ACADEMY /ADMINISTRATIVE CONSULTANT SERVICE (WORLDWIDE)
"south africa" Discussed on KAILASH HAZARI IAS ACADEMY /ADMINISTRATIVE CONSULTANT SERVICE (WORLDWIDE)
"Hello Friends, cabinet approved signing of the MOU between the India and thought of rika Ford Coppola's disability sector. The union cabinet chaired by the honorable prime minister srinivasan the Modi hedge approved signing of the memorandum of understanding between the Government of India and the government of republic of sort of rika for co prison in disability sector. The bilateral memorandum of understanding will encourage co present between the department of empowerment of persons with disability government of the republic of India and government of thought of Rica through joint initiatives in the disability sector. It will strengthen bilateral touch between India and sort of specific proposals for cooperation between the two countries are mutually agreed upon. Will be taken up for implementation. During the period of validity of the memorandum of understanding. It envisages that persons with disability at large and aging population in both countries who are especially required more sensitive, cost effective ads and assistive devices will be benefited from this MOU. In the end, of Africa, say you're a long historical link and release in the context of struggle for freedom and justice for the time Mahatma Gandhi started satyagraha movement in South Africa over a century ago. India watch also earned the forefront. Of the international community in its support to the anti. A part three movement post independence. Diplomatic relations with South Africa watch these toured in 1900 three and the year after India and South Africa established a strategic partnership in March 1997. Subsequently, they are had been consolidation of our close and friendly diet with sort of Africa both bilaterally and through bricks. IBS 8 and other forum. A number of bilateral agreements have been concluded between the two countries in diverse areas. Ranging from economic and commercial cooperation defense culture health, human settlements, public ethnicities and end science and technology. India, technical and economic cooperation program has been a useful medium of promoting cooperation in development of human resources, by lateral cooperation. Between India and.
Bloomberg Radio New York
"south africa" Discussed on Bloomberg Radio New York
"Investment into one architecture. BMW has ever undertaken. It will be produced in every part of the world where we have plans. And by 2030, we will make up about 50% of all our cars will be fully electric. Talent, CES this year is a lot about talent. You seem to be selling BMW to some of the talent in the audience, software engineering, how aggressive are you going to have to be in hiring these new types of software engineers, artificial intelligence engineers. Well, I think we are an attractive company to attract all kinds of talents. Car developers, software coders. And we are not only based in Germany. We are based in the United States with a large R&D group. We are based, of course, in Germany. We are based in Portugal. We are based in South Africa. We are based in China. So we are attracting talent on a worldwide base and BMW is growing by attracting talent to develop and produce these cars. A year ago, you demonstrated the first vehicle that could change color. This year, the audience will take my word for it. This vehicle can change into even more colors, but I would say the broad theme of CES has changed. It's less about futuristic robo taxi autonomy, more about what can we get into production soon. Is this really going to be a production product Oliver? We're part of it, yes, you know. The changing colors, we wanted to showcase, we got this fun to see, you know, we have so many ideas that BMW more than we can ever exhibit. And that is what we wanted to showcase
Live Talk with Dwayne Moore
"south africa" Discussed on Live Talk with Dwayne Moore
"Then we begin to go, well, you don't do it quite the same way. But I can overlook a few things in order to come under the commonality of the cross. And so even though our culture is different, it's actually can be celebrated. And we did, you know, some are more sedate, some like faster songs. It's some like songs that are pentatonic. I don't know, the first time we went to Ethiopia, they were singing, it was not quite a pentatonic scale. I don't know what it was. But it was different. With sounding cool. Yeah. And it's like, we can't sing that because we don't we're not used to our voices are used to sing those semi tones like that. But it sounded awesome to listen to. So you just learn to just be a part. I mean, you blend it in great, even yesterday at the conference here, they had a team up there that we're singing with you and you're just smiling, playing right along. I guess you just learned to adapt. Yeah. I think it goes down to why are we doing this? Because we were shipping God and if we were shipping God, then we prefer certain styles, but those aren't ultimately the important things. It's a bad way to bring him and doing that with conviction and doing it with your whole heart soul spirit body in mind. So I think that's certainly what we shoot for. So you've heard you've heard what we teach, what our primary message is. How do you think that's resonating in South Africa so far? Shows. It's a little premature, because we haven't been, but to your church, and then down here in one conference. So, but what are you hoping will come from from what we're sharing? I think it's an important message that worship starts from the inside, then it goes upward towards God and then we have to go outward towards one another and reaching people.
Bloomberg Radio New York
"south africa" Discussed on Bloomberg Radio New York
"Our economy get inflation back down and support these other economies that need it. I turned in for that interview with my Collins of pgim on Friday morning. Great work I think he called you John. Just briefly at the start of that conversation. There's a lot of just loving that. Walking down the street, John. I get called Tom. Features up 8 tenths of 1% on the S&P 500. Who's more insulted? And the NASDAQ. I want. She has to be here. Yields up four basis points time. And Goldman doing nicely going into the opening. One out of 12 minutes away, the stock's at 3.6%. A little bit of a pullback on a 20 minute basis. Down futures up three 30 now up to 79 as well. Right now, and this is a joy for Bloomberg to welcome monthly Google. He's minister in the presidency of South Africa, but far more in the turmoil of American political economics, the upset of develops on banks. There is what is happening in emerging markets. We look at a prism today of South Africa through the experienced eyes of one of mister Rama poses trusted advisers. Thank you so much for joining us at Bloomberg today. I need to go to the reality that our work, our medical work on COVID, came out of the Johns Hopkins University, and this was very much un South Africa. You have lived COVID. You replace a senior official who at age 62 died of COVID. How immediate is COVID to South Africa and what is the COVID illness look like for South Africa in the next 6 months? We thank you very much for the opportunity and your viewership. So far so good. The last time I looked, we seemed to have everything tapering out of going down. I guess that's the reason we lived at restrictions. Totally in as far as COVID is concerned. And then courage people to actually keep on staying alert on the communicable diseases in their old traditional way. Although I've just had this morning, which is during the days of Africa, that we seem to have found a new sub variant and is something that we're going to look up to. But so far, so good to recover the cost post pandemic. Dealing with the economy, which is even weaker than it was before pandemic, although we can say with confidence that the recent indicators have demonstrated that we are actually on the border of leveling up with the pre-pandemic situation. From where you sit and with your nursing experience, when you walk in a room, you're the boss in the room on COVID. I can see that with your nursing experience, is China getting it right or is the western world is the United States getting COVID right. We've been focused what we're doing at home. And as far as I'm concerned, South Africans have responded very positively. With regard to staying more, less than before COVID. Knowing that epidural magical diseases are always a phenomenon to stay worried about access to what a clean water kidding on washing hands because the issue of virus is an issue that is not predictable. Long ago on far away a boat went around the bottom of South Africa and it was a 5000 mile trek to Sri Lanka. Now the images of Sri Lanka collapsing are tangible. You have a South African Rand and disarray like many other emerging markets. How immediate is the the food, the inflation, the economic unrest in South Africa is it something you're focused on, urgently, or can you manage these challenges forward? Well, economic situation in our country. Continues to be a huge threat. Was now with the global environment. In particular, big economies like United States, having high inflation, which has got a potential spillover. But what encourages us is that the focus of South Africans is a bank. Give us a data in projection of about 5 point four 9 four 5.7. 5.04 .95 .7 and 4.7 at a third year. In other words, everything is within the range. In as far as the focus of inflation is concerned, nothing is above 6. As our range is between three and 6, and of course the treasurer is a projection outlook, gave us 2.1 growth this year. Which is expected to average at 1.8. Depending on consumer expenditure. It is a day to remember Nelson Mandela, you will travel from Bloomberg down to the United Nations to attend a different events there in honor of mister Mandela. He was as anti corruption as any of us have ever seen, you have an African continent driven by different levels of corruption. What can your government do to make South Africa be much more away from corruption and much more towards the practice of legal legal affairs? This is one area we do with. Especially in memory of his commitment. To clean government, to prosperous humanity, to human question, we've demonstrated in particular in this president took over in 2018, taken to account we were actually confronted with state capture for no less than ten years. When this president took over in 2018, the immediate thing he attended was to look at the prosecutorial institution, is it better now? It's improving. It's not yet where we want it to be. That's why we are energy within the public and the private sector, trying to work with the private sector to a massive resources. So that we improve the situation in the other issue. Is that under commission, which has been dealing with the state capture this president teacher, what is unprecedented, did not have a did not edit it, just put it in the website as it blends to put together an implementation plan. Monthly, we're out of time for one reason only. Your entourage is over there with a sign up saying shut up he has to go to the United Nations. Thank you so much minister for joining today. I'm only Google the belly where this from the nation of South Africa representing, of course, always, mister Roman prose. John, on this international Nelson, Mandela day, Tom. Coming up, equity futures, positive three quarters to 1% will catch up with Ken rogoff, a man who needs no introduction and I'll bring you some news on Gazprom that
Bloomberg Radio New York
"south africa" Discussed on Bloomberg Radio New York
"Has not been told in any direction lots of opportunities where there is no information which is an advantage because if you are on the ground if you're able to travel these places and get information then you have an edge on the any competitive months come in So I saw a tremendous opportunity in places like South Africa in Nigeria in Kenya and of course Africa so huge There are so many countries that's tremendous opportunities Of course the big challenge was to find an equity market It's stock market And liquidity of course one of the biggest challenges you get of course is liquidity getting enough liquidity to be able to invest significant amounts of money And anything stand out as a particularly exceptional or shocking story that didn't involve finance or a company when you were when you were traveling all over the world I have to imagine there were some pretty memorable snafus along the way Well we got caught in the revolution in Philippines where shooting at the hotel and we were able to get out luckily by helicopter for the roof of the hotel That was one example But they were huge close calls like that but never deterred us for some reason maybe we were too innocent We took that we have to roll with the punches so to speak Wow That's pretty amazing Coming up we continue our conversation with doctor Mark Mobius founding partner of Mobius capital discussing investing in emerging markets today I'm Barry ridle sure listening to masters and business on Bloomberg radio Market coverage progressives home court explorer lets you easily compare our direct rates with multiple companies Now that we've covered something you could do it's time for Sports stuff You definitely could not do If you were head coach you would not have gone for it on fourth down Your confidence in your play calling ability might be a little overblown.
Bloomberg Radio New York
"south africa" Discussed on Bloomberg Radio New York
"Is what Dubai spends and a raft a call cheat on IPOs which is going to be pretty challenging to deliver I would say in the first 6 months Will that IPO call sheet demonstrably change the liquidity flow to Dubai I'm not sure it will I mean there's been a lot of talk around these Dubai state enterprise IPOs and private sector IPOs that make it the market this year Look the Middle East South Africa region is still one that for the average actively managed global emerging market investor is really about Saudi Arabia with about $2 billion a day of traded value and turkey with about $3 billion a day That utterly dwarfs everything else in this region I don't think perhaps four or 5 IPOs in Dubai is going to change that liquidity profile So this isn't a comment as to whether they're attractive or unattractive companies coming at the right or the wrong price It's just that this will still be a region that for most emerging market funds is really about two countries and then a long tail of smaller ones Just on your point about the budget in Dubai yeah a 5% expansionary budget still largely self funded all done really out of taxes and fees That's all good from a fiscal management point of view But this story in Dubai still really about the liberalization of visas the arrival of more permanent residents and how much COVID allows tourism to lift off again The only problem is as I said before this is not really the sort of cheap market it was of 6 months ago It's already rallied quite a lot That's why I think that's probably better relative value elsewhere in the region And as one trader out there at launch said to me every time you think about buying that house menace just go buy yourself a bit of DFM Okay Thank you very much It has symbolic head of equity research Tell them more Plenty more ahead on this daybreak Middle East This is Bloomberg The only way to start the morning.
Bloomberg Radio New York
"south africa" Discussed on Bloomberg Radio New York
"Me call on Nancy Bloomberg Thank you so much President Biden Do you think that other countries will be reluctant to report variants or other strains given the travel ban that you put so quickly on South Africa No I don't think so I don't think that's the what's going to happen And I want to again the reason for the media travel ban is there were a significant number of cases unlike any other country all the few around South Africa in the world We needed time to give people an opportunity to say get that vaccination now before it has moved around the world I think it's almost inevitable There will be at some point that that strain here in the United States But I don't think anyone's going to be reluctant to report We have also moved to do more for example we've provided more vaccines as I said than all other countries in the world combined And we've brought a significant vaccines as well to South Africa in that region Matter of fact South Africa doesn't need anymore vaccine They're having trouble getting it out in the people's arms and the reluctance is there But now I don't think it's going to have that effect Alex Reuters Yes thank you so much mister president I wanted to ask if the U.S. is doing anything to screen international travels for this variant and what is being done is anything internally.
Reality TV RHAP-ups: Reality TV Podcasts
"south africa" Discussed on Reality TV RHAP-ups: Reality TV Podcasts
"And through the fbi for. Maybe she did. Take them to the waterpark. So i was like maybe he will take you've and he's like telling him that he gave his extra formation that he had the lunch with nasu because he hadn't told her before the been. Ns through and he's like look. I was hiding smash before because jury base which doesn't really track with like the live nature of how that was happening. But he's trying his best. He's saying smashes being advocated for on the jury like he's doing everything he needs to do. A ton to help is more dislike. I will vote see you. Well i i think he also knows nicola if he knows if i if i pushed too hard like if we're talking about selling let me give her the soft pitcher like let me wait until tribal council because i think he also knows that i mean kieran vocalizing this right i think in the episode voted out. Nicole is very rigid in her believes she is a little bit less. Wishy washy to be like. Oh i gotta make a decision. At the moment. I will say maybe a little bit of editing trickery here looks like nicole is really weighing her options from her conversation with me. It was an open and shut case that she was getting rid of chappy. Is i think more silver hesitation at tribal council with like the actual act of doing so. Because i mean we'll talk about. It is war his heart on his sleeve immensely especially in his final day in the game. Like i could imagine how difficult it is to vote this guy out. And he is like breaking down and crying tears of happiness and sadness at his game. And like it's gotta suck to crush this guy's dreams after everything that he's gone through so i think her hesitation was more emotional than strategic as much as i painted the fan fiction scenario partaking champions last week that you oughta there. Yeah it didn't make its way into reality because it was such an easy decision. And i'm happy that smash didn't necessarily create any reasons for her to not bring him by like him making a hard push she realizes. Oh wow a nila is you know can pitch himself very well. He makes a good case for himself. Do i really want to sit next to that person. Yeah like i think smashed got a little bit of flat for like well. She g like he just gave her a reason to vote him out because.
Reality TV RHAP-ups: Reality TV Podcasts
"south africa" Discussed on Reality TV RHAP-ups: Reality TV Podcasts
"Enjoyed all of that. Coverage i know i really enjoyed doing the recap and the exit view. So hopefully this is coming to an end so soon. I also wanted to say that. I get a lot of questions about. How can you wash the jury villa. We talk about obviously the extra content law in the recaps illuminating stuff there if you become a patron and archie patron at the five zero level all that content becomes available to us. So that's the easiest way to do it. The only way. I really know how to do it. So if that's something that you want watch internationally definitely become a patron at that level and if you do please do no doubt international survival survivor south africa as a reason for that there was an extremely fun. Extra ponderosa seen this week where the jury were all like blindfolded. And they have to like it was like celebrity. Heads way the blindfold person would hold up player in the game and the other person had to like may make them so the other person could guess it was very very funny so if you want any of the extra content do become a patron until then hook you. All subscribe to the international survivor. Half speed bowling us for all of it. Yes it is coming to an end soon but then you survive stocks and we're doing stuff with that too so thank you again as always checking out the content. I will see you next week. Until then keep evolving burst that ordinary australia. One million pounds pushes the. Hey tom. i'm having the walmart. 'cause you know what season it is always a pumpkin spice season. No it's flu. Season and walmart gets flu shots. Es loose.
ActionPacked
"south africa" Discussed on ActionPacked
"And one thing. I think that's important to stay about. Cfa is that we are a charity but we are not here to walk into a community and to say to them. This is what we think you need within your in a way you live. It's more about them approaching us and we think that this would work and we will then hope you. It's not about giving you something we giving you a hand up not a hand out. I'll be going to listen to the community and and take what it is. They want to do and help them to implement it so when they arrived with this amazing idea we jumped at the opportunity and so we are currently working on green the community project whereby we once upon six hundred treats this year. The trees will go to in schools so we had to choose schools. Because what you don't realize it's lots of cows castle that run in these areas. That would eat the trees so we had to choose areas that have fences so that the cheese can be protected wasn't needed to choose areas that have access to water because cheese needs to be planted so basically what we are doing is culprits can adopt school and we will pertain trees into a certain school. So you adopt a school which actually is teen trees. And that's how we are going to move between the around the community to take on the browns space to greenspace and we really excited about this project that there's a lot more sort of behind the scenes other than just greening. The this is one of our very exciting projects. How long does it take to green communities these quick growing trees. And so we've chosen it will. It's not going to be quick but we starting with the trees we've chosen three trees pick boom which is called innocent food if indigenous tree based four south africa and provides a lot of oxygen. So it's really good at creating oxygen within have streets specifically for the schools so that Kitties have reached to eat. They can either eat it or they can use it as an exchange for something else you know you can trade controlled for its and then the third is a hardwoods and so these are fees provided shade. So i dare as well being in these schools. The kids have to sit underneath You know shade for the full them. So those are the three three so once. The trees are in place we will then stocked with food gardens and that is obviously much quicker. It's much it's much more rapid to see green. But we want you really start with visit. You know a ten year vision with the trees and then we will start with food gardens which will also be in the school and so they will then obviously able to grow their own veggies. Things would they grow. Yes sir. Three big staples made me and we actually. We have a partnership with someone who will help us. Basically the only need she need says by one meters that will create enough food per month for four people so it's really small really small areas that will allow them to to feed a family of four for a month and it's very very very cheap. Which is because it starts. Let's literally seedling. So it's it's an amazing amazing project that we not in that phase just to tell us about the funding that more so quite another. This is funded by. Adoptions Doctoring a tree will correct sir So i dare..
ActionPacked
"south africa" Discussed on ActionPacked
"Basically all projects is not specifically about. How much honey can we. Can we extract. So unfortunately with beekeeping at i think in in most places it becomes a commercial business and people are moving the queen bee constantly to try and create more money for us. It's a conservation project so it's very much about creating b.'s. and creating a sustainable tasteful them to love so we literally place the have out Near specific trees and plants that attract these and they just arrived they come on there are attracted to the hive to the fame and then once the queen bee solidifies itself in a half the colony will just grow and grow and grow but i guess the main the main problem is that hanney has become a commercial business houses about particularities rather than producing honey. So what you're doing is highlighting the plight of the beaks bee population worldwide. I think has been decreasing in recent is being lots of problems with the with disease. And as we all know indeed that you really do need bees for humanities society you will highlighting the problems very much and then secondly sort of on the not on the side because it's very much one of our main goals is that way. Now guess decide to adopt a beehive. I like i've said you're ready. That you get the certificate. They will be kept up to date to how they b.'s. surviving but most importantly is that the percentage up that will guards awards as creating micro apiaries for local communities so community conservation fund. Africa is a charity way. We tried to project export our toll every hotel that memphis has we try to create a community conservation project around there so that case now traveling and they can experience something they can. Have you know echo experience. A conscious travel experience at each of properties and so we didn't want to take that one step further and then give back to the community where the property is based so the more has that are dominated the more microbreweries we can stay up and we would give these micro apiaries trigger local communities. We would educate them as to to look after the the high we would give them the protective gear and then they would be in charge of the house and that honey would be sold back to.
90.3 KAZU
"south africa" Discussed on 90.3 KAZU
"Those in South Africa. Vaccine was 85% effective in preventing severe disease. This vaccine has the advantage of requiring only one dose and does not require special cold storage. FDA is expected to make a decision whether to authorize the vaccine in the coming weeks. Joe Palka. NPR NEWS Stocks closed higher today. Midsomer positive Weekly jobs numbers The Dow gained 332 points to 31,055 the NASDAQ was up 167 points. This is NPR. Syria's of recent storms brought much needed water to the West Coast in California prison peers Nathan Rott reports new research shows The rainy season is starting in California much later than normal. Winter is rainy season in California, the time when Snow pack is supposed to accumulate and reservoirs fill in recent years, though the rainy season has been starting later than normal, extending the state's destructive fire season. New research published in the journal Geophysical Research Letters finds it The onset of California's rainy season now occurs a month later than it did 60 years ago, and the expectation is that with a warming climate That trend will continue creating a larger overlap of hot dry conditions and strong Santa Ana wind events, which can cause fires to explode Insides. Nathan Rott. NPR news officials will abide administration say they've delayed a rule finalized in the last days of the Trump administration that would have drastically.
KOMO
"south africa" Discussed on KOMO
"32 states. South Africa. Very ent, accounting for cases in two states in the Brazilian variant in just one this as South Africa struggles with another more prevalent variant 501 point feet to a strain of the virus that's re infecting people who already had the previous strain A B C's today. Norman in New York president Biden is not abandoning his $1.9 trillion covert relief plan after meeting with 10, Republican senators. White House says he's still hoping for bipartisan support. Air travel now restricted in Myanmar after the military seized control and arrested democratically elected leaders who in Myanmar has brought back painful memories for a country that's all military rule for four decades, a period of economic stagnation and decline far beyond its Asian neighbors. ABC is Julie McFarland at the Foreign desk in London. You're listening to ABC News. Stay connected. Stay informed the comb. Oh, morning news. 702 right now. Tuesday morning. And thanks for starting your day with us as a few showers scattered around the Seattle area. It's 43 degrees along with Greg Herschel Time Man. The factor here. The top stories from the Coma 24 7 News center, the State Health Department is confirming through 33 more deaths from Cove it pushing our state's death toll now. Over 4300 almost Brian Calver reports the race to vaccinate and prevent further deaths must continue without special treatment. Over the last couple of weeks, Three different medical groups have sent out messages or e mails to donors offering special links to register to get the vaccine over like medical centers so they could have worded things better. Providence Regional and Evergreen Health called their messaging a quote Ms. Take Now, state.
WNYC 93.9 FM
"south africa" Discussed on WNYC 93.9 FM
"What kind of retaliation denying the drugs? They're not giving them anyway. Various forms of trade were retaliation. This came up with South Africa in the 19 nineties. We threatened to put up tariffs because they were gonna do that on a drug that was used to treat AIDS patients. And this was, I think 99 Bill Clinton's still president, then the U. S. Threatened them with retaliation where we would make it more difficult for them to export items to the U. S. Al Gore, of course, is running for president in in 2000, number of AIDS activist It went to his speeches and they protest that And Clinton back down on it because it was hurting Gore. Gore didn't want to be associated with the I Forget whether they actually issued the compulsory license because again you get this this dance we're Countries threatened to issue compulsory licenses and then often to prevent that from actually happening. The company agrees to radically reduce the price that that's happened several times. I don't know if Fizer or Madonna or Johnson Johnson, If that one comes out, could even do the little jig of saying Oh, no, we'll drop the prices because they can't make enough. We're talking about hundreds of thousands of potential lost lives. The pharmaceutical industry, saying, Oh, well, they it's complicated technology that couldn't possibly produce it. Well, first of all, India, Brazil, some of the other countries and developing world they have Very high tech manufacturers. So so they're not working with sticks and rocks. India's generic manufacturers are as good as anyone in the world Now do they have facilities up and running? Probably not, they would have to retool them. So what's the timeline we're talking about? Well, I'm not an expert in the technology, but what we do know is none of these vaccines existed back in March of last year. And the rebel produced hundreds of millions of doses by November. What that tells us is in eight months, we could have hundreds of millions of doses if we had new factories ready to produce the stuff, and maybe quite a bit sooner. I mean, I'd love to say that Well, eight months would be too late. We're already of the pandemic under control. But I don't think anyone really believes that. So if if we said OK today, you know we're gonna allow anyone in the world who has the ability to produce this. Go ahead and start converting the factory. That would be a huge thing in terms of controlling the pandemic, but no sign of that. So far, the Trump Administration America first they didn't care. I would hope the Bard administration and would show more foresight. Humanitarian reasons are huge, but really, just from self interested reasons. I mean, look at what's happening. We're seeing variants of the virus. So even if we're successfully able to vaccinate everyone the United States and to 21 if it's still raging and substance in Africa and Latin America elsewhere in the world We're going to see new variants and maybe the vaccines we have will be effective against them. But there's a chance they won't be. Didn't Moderna agree not to enforce its patent until the pandemic was over? They did, But the end of the pandemic is not well defined. So maybe the end of the pandemic you know, from Madonna standpoint is when it's no longer widespread in the United States. Well, then why can India and South Africa and all those other countries have Madonna's formula now? So if they could get in writing that, as long as it's widespread anywhere in the world, then in principle, they could take up the maternal vaccine start producing that that's widespread right now. Well, it is, but perhaps modern is going to say six months, eight months down the road. Oh, it's no longer widespread. We're pronouncing the pandemic over and now you always lots of money. Put yourself in the position of the generic manufacturing India, Brazil. And you hear this pledge from the journal and that's all you have that there's not that they're not going to force their patent rights.
Biz Talk Radio
"south africa" Discussed on Biz Talk Radio
"And, of course, right here on Facebook. Live back with Brian Main John Big NASCAR target Palafox. And, of course, the Sean Freeman from South Africa. Tiger head interrupt him to go to the break. Let's Let's continue. Get back on track. Yeah, we were just talking about what it would take to actually have a seed farm in Sean and mentioned his farm was about 86 acres. Um, you know, but the one thing I want to mention about this is that he has a Whole collection of your implants. I think that's probably bigger than some seed farms. I mean, I don't know how many seeds you produce annually. But, you know, it doesn't require a lot of land to create, you know, seeds, especially not if you're walking around the country and picking up putting him in your pockets. Yeah, you know, but it's impressive because you know you've got these trees. You've got these vegetables. Then you have to constantly have this rotation of different crops on Ben. You got to be able to harvest the seeds, so it sounds like it's kind of Ah, all year long process, right, Sean? Correct. Celestica is relatively unique If you if you look at the Mexican market compared to the U S market way in South Africa, we don't have the big off seed collectors or seed collection knowledge that the U. S head. So Jessica has relied heavily for for many, many years. On the U. S on seed opportunity. We have a number off the whole Silas off off, based in the U. S in in California. Specifically, Aziz role is over in in Europe, so a lot of the varieties that we are unable to import. For example, bringing to martyr seeding is incredibly difficult. Being sued into South Africa is incredibly difficult. So a lot of those varieties we need to grow ourself and in a typical year We will grow depending on the year anyway. Between 801,200 vegetable varieties on our farm on a number of those varieties will be running trials on for a number of years for security to make sure that It's breeding, too. We could think seed from a variety of people and it's okay so He used to be grown up for at least a couple of years to ensure that the security is the or the variety of purity, which is part of NATO. The varietal purity is the otherwise you put something into the marketing people and On something that they didn't purchase. So let me ask you about South Africa. They're you know, obviously in the United States, I would say in John might know more than me. But the tomatoes probably got to be the number one Kind of variety seed plant that people grow. What do you think? John Lee 80% of people in the U. S. Who have vegetable gardens grow two main Ada, right? Is that consistent with South Africa or you guys change? So, uh, The largest portion of ourselves our tomato varieties, tomato varieties. Apologies, guys s tomato. And then what would you say is number two for you guys over there. Number two would be Papa's heart papers, so it'll be tomatoes. What papers on the is a massive surge in growing hot tears and solace picker down to the pumpkin varieties on D S O. I'll take tomatoes. Punk using beans in the U. S beans or a very large part off your cuisine. We is in South Africa on droppings. The political could humanize one or two dropping. That's it. So I I I love these things for me, or it's my weak point s. So we have a massive collection off beings and the South African Garden in public. Um you also education and nobody knew what a shady dean was. Nobody knew what awakes being was. It's just It just doesn't happen in South Africa. So the whole bean seen if you want to call it that in South Africa is still in its infancy, and people are still learning that you actually get being for specific purposes. Yeah, And I would think that that would be a great plant for the area. And not only that, I mean great to incorporate into different meals over there and things like you say, like there's some really good beans. We had a with a gentleman that we met at the Heirloom X it'll with an heirloom bean company on Remember that months ago, right and all the varieties of beans that he had mentioned no clue. There was so many different ones in his specialty was trying to get ones that grew in Dryer hot regions for Southern California. So I imagine this South African would have a similar, you know style of being over there. That would do Well, um, that's interesting. We haven't This apology if you have a number of beings that come from north of South Africa shows Zimbabwe, Malawi, Zambia, Tanzania, Kenya, A number of both teams are actually what's called Dreiling beans, which are Australian dry land, so it might be worthwhile for him to have a look at what those things because they are drafted systems. Yeah, definitely. You know, even though Shawn has got fantastic selection of vegetables, I found him because I wanted some trees for my new property. And I couldn't find that anyone growing the trees and I happen to see that Shawn had seeds and I thought well might be difficult. But I'm gonna try and shun I I was shocked at how quickly the seeds germinated and there's 11 tree I bought. I had never heard of, and I bought it just because of the description on your website, and I wondered if you might be able to tell our listeners a little bit about the bubble gum tree. Yeah. Yeah, that's E can't So the African bubble gum tree is is a very unique She, uh, it's Roman was formed Children, um Throughout the northern half off southern Africa and into the northern Into the field in northern countries, So it's a little round fruit is slightly smaller than a golf ball, and it's hairy on the outside. And when you open it up, you'll see that on a squat 66 months. I think it's six segments on when you open that there's like six signals that looked like slivers off. On orange segments or a nectarine. I'm going between a Mandarin Tad Management. Thank you very much significant. We cool. We cool mangera nor cheese. And I knew that you wouldn't know what a north thank you. So those little segments on each segment has a seat on either side, and it looks like that is a sticky substance around the feet. But that's not the bubble gum portion. The tasing off the street. Oh, the outside was really the outside. So you eat the casing of the fruit and almost immediately breaks down into if you know what okra is like in your mouth is fresh okra. It breaks down to a very similar consistency. But there's a lot of fiber in it. And the last thing with that father is a natural toothbrush to accept in your teeth, which is why you see a lot of A lot of African Children with his beautiful wife. Smiles on Bond. Just pull the longer that brushes doing African bubble gum trees. Uh, it doesn't taste like bubble gum. It has a sweet It has a sweet flavor of sweet flavor. Reminiscent. Um, slightly off, honey. Uh, maybe a hint of michael syrup. Interesting. No other way love brushing their teeth on Africa there 67 times a day exact Really? Oh, my goodness. They done it right over there. Forget the toothbrush in the dentist, Right? Get some bubble gum trees over here. That's impressive. Maple. Maple, brown sugar gum just makes your teeth whitened clean. Wow, um We're going to take a break in a minute. But I wanted Tomo Post a picture because this was one of the common trees that you sell..
The Gravel Ride. A cycling podcast
"south africa" Discussed on The Gravel Ride. A cycling podcast
"He's actually set the new record full of freedom challenge just this year. Which is this amazing race. Crossing the entire south african Country in overseas freedom challenge oversee resonates with mandela's Freedom struggle saw that. Sam that's a attrac- that was established to basically across the entire country off the independence off the tight and and basically alex really made a huge name from self enforced sports of setting new records now and so easy organiz among guy. And that's that's how it started also becoming more and more popular and so my good friend that i mentioned before when i was preparing for my first dash last year and really just getting to know grovel writing She at the same time pretty much participated in the manga. And we hear in maybe a community just folded with with all What dot dot watching her through through a part of south africa where the manga rights and so this is how basically i want to know about it. Then once i did the the day that sheer an ice thought that you recognize that. I'm i'm really into into this She basically it's a one can encourage me in to to consider during the manga which is a multiday event so the format of the manga is Over a little bit over one thousand kilometers. So i think just seven hundred miles or so. This edition was slightly longer. It was one thousand one hundred on my on my wife who was one thousand one hundred and fifty. I think it was meant to be a little bit shorter than that. I probably did a few tourists finding water and might have been some glitches on my wild. But so that's around. Seven hundred seventy seven something salutes miles. It runs from the town of bloomfontein. That's between Jeunesse burke and cape town and it goes all the way pretty much to cape town to a to a small town called wellington. Were the the wine estates around..