40 Burst results for "Three Weeks"
The Hugh Hewitt Show: Highly Concentrated
A highlight from The First Edition of Would You Let Joe Biden"
"Good morning America. Good Monday. Some of you are getting up and getting out the door. I'm glad I am with you. I'm Hugh Hewitt in Studio North going down to the Beltway this week. Oh, back to the Beltway. Gotta go do my work. Gotta go do my job. I want you to begin this segment with me by reflecting on how bad can the polls actually get for one person. Because John Ellis, now you've heard me mention John. John has been on the show before. Ellis on items the site formerly known as Twitter, now known as X, he produces two sub stacks. News items, which I read every morning before I go on the air. That's where I learned about Amazon investing in AI this morning. And political items, which is a second sub stack. And that just collects all the political data. And for years and years and years, John Ellis was the man behind the curtain at News Corp. And he ran the decision desk when it actually ran well. And he ran many, many other things at News Corp. And he's a very, very smart guy. So Ellis puts out these two news sub stacks that I read. And one of them, political items, carries with it the additional benefit of sparing me from having to figure out which polls to read. Because every couple of weeks or three weeks, he puts out the polls in one place. So John Ellis knows polling. He knows which ones are trash. He does not send you the trash one. So I ignore all polls until I see a poll show up in the news items or political items. So polls in one place rolled in on Saturday morning. And I don't want to get sued for copyright. You should subscribe to polls in one place and political items. But John summarized three of these. Number one, NBC News. Three quarters of voters say they're concerned about President Joe Biden's age and mental fitness. Three quarters. Three quarters. Number two, Washington Post ABC News. A Washington Post ABC News poll finds President Biden struggling to gain approval from a skeptical public. With dissatisfaction growing over his handling of the economy and immigration, a rising share saying the United States is doing too much to aid Ukraine in its war with Russia, and broad concerns about his age as he seeks a second term. More than three in five Democrats say they would prefer a nominee other than Biden. And the Post ABC poll shows Joe Biden trailing Donald Trump by 10 points. Then number three, the New York Times. President Biden is underperforming among nonwhite voters in the New York Times Santa College national polls over the last year. And this result marked a — represent a, quote, marked deterioration in Mr. Biden's support among non -Anglo voters. Those are the three big polls of the weekend, and they're all related to Joe Biden's age. So I've asked Generalissimo to assist me in diagnosing the problem here. And so just a yes or no, are you with me, Generalissimo? No. All right, good. Would you let Joe Biden prepare dinner for eight people? No. Would you let Joe Biden do the shopping for a dinner for eight people? No. Would you let Joe Biden make your family's reservations for a week's vacation at Disney World? Oh, hell no. Would you let Joe Biden book the flights for that vacation? No. Would you let Joe Biden drive the youth group van to the beach for Sunday at the beach? Absolutely not. Would you let Joe Biden chaperone the sixth grade astronomy camp overnight trip? Not even with your kids. Would you let Joe Biden invest your 401k? Would you let Joe Biden pick the paint colors for your church or your school remodel? No. Would you let Joe Biden select the menu for your daughter's wedding? No. Would you let Joe Biden lead a group of second graders through the Smithsonian Natural History? Stop, stop. I gotta... No. Just stay in the lane, please. I just want to know. These are just questions. Would you let Joe Biden lead a second grade group through the Smithsonian? Would you let him lead a high school group through the Smithsonian? Would you drop him off in front of an NFL stadium, give him a ticket, and tell him you'll see him in the seats? I don't think so. Would you let him be the president of a state university? Oh, no. Would you let him be the president of a private liberal arts college? No. Would you let him run a large public high school? No. How about a small private high school? How about a junior high school? Nowhere near kids, no. How about an elementary school? Absolutely not. A preschool? Absolutely not. Would you let Joe Biden run a 7 -Eleven? No, he doesn't have the right accent. Would you let Joe Biden run a sporting goods store? No. A multiplex? No. Would you let Joe run the candy and soda counter at the multiplex? It's too confusing, no. Would you let him run a Macy's? A McDonald's? No. A Houston's restaurant? No. Would you let him run an airport? Negative. Would you let him run the parking at the high school football game? No. Would you let him run a high school speech tournament? Too many kids, no. How about a swim meet? No. Would you let Joe Biden run any business with 10 employees? No. Would you let him run a business with 100 employees? No. Would you let him do HR for a business with 10 employees? No. Would you let him run the gift wrap sales fundraiser for your kids school? No. Would you let him run the thrift shop inventory day? No. Would you let him run a car dealership? Negative. Would you let him run a church fundraiser? No. A church service? No. A service station? No. Would you let him run a piano recital for 20 students under the age of 10? How about 10 students under the age of 10? No kids, no. Would you let him announce graduation at MIT? Would you let him announce graduation for any college? Have you heard him? No. Would you let him run an eighth grade graduation? No. Would you let him run the change of command at any duty station for any branch of the armed services anywhere in the Americas or in the worldwide distribution of our defense facilities? Not unless you wanted to create an incident, no. Would you let him drive a truck? Well, he's already claimed it, no. Would you let him drive a car that you're riding in the passenger seat? Not unless I was heavily insured. Would you let him fire a pistol at a range? Oh, hell no. Would you let him fire a rifle at a range? No. A machine gun? No. Bazooka? No. Would you let him get into a tank and fire a tank? I'm seeing a pattern here, no. Would you let him direct the drone strike? No. Would you let him drive a little tiny boat whaler, you know, a 12 -foot whaler? I would let him pilot your dinghy, no. Would you let him drive a criss -craft with an outboard motor? No. Of a yacht, a big yacht? No. Would you let him command the deck of a freighter? A freighter? No. How about a destroyer? Uh, I'm thinking not. Submarine? No. Aircraft carrier? No. All right. Could you imagine Stav with him on deck? What would you let Joe Biden do? Retire. No, but I mean, really, seriously, is there anything you'd let him do to put him in charge of, because this is my first edition of would you let Joe Biden dot, dot, dot? Nothing complicated because he gets confused easy. Nothing with kids because we kind of know about that. No, there's nothing the guy can do. He has shown no knowledge of market economics, free market economics. He has no idea how supply and demand works. No, but I'm just talking about give me something that he can do because we've got to get a retirement hobby for him. A retirement hobby? Checkers. Do you think he could win at checkers ever? It's yeah, he could he could run he could run an ice cream stand. I we I covered that. You were gonna let him run a 7 -Eleven. I don't know. I covered the gift wrap. 7 -Eleven is more complicated than an ice cream stand because gas is involved. But but I asked you about the the gift wrap fundraising. I want every mom in America ice cream. Well, no, every parent driving to school in America right now knows fall is the season for fundraisers. So we got the call from the granddaughter over the weekend. Hey, Nana, which is the fetching Mrs. Hewitt, right? Would you buy gift wrap? And of course, we're probably gonna have enough gift wrap for the rest of the five seasons. Yeah, yeah. Five seasons of gift wrap. Yes. And and now the flash is probably going to come up with candy bar. You know, it's just fundraising season, right? And so it's better than raffle tickets. I hate raffle tickets. Yeah. Gift wrap you can at least put in the closet and it'll be there when when she has to clean out the house. You are what we call in in in the school trade. You are what we call an easy mark. A mark. Yeah. Yes. And and you wouldn't even let Joe button out. For those of you who are new to the audience, we've added affiliates recently. Dwayne is an ex band parent who keeps getting dragged back in. And when he was a band parent, he ran parking at the at the battle of the band. Do you know what I'm doing now? Do you know what I'm doing this this year? What I'm doing? What? I had to stand up along with my wife, stand up a snack bar outside of girls volleyball. All right. Would you let Joe Biden run that? Not in your wildest dreams, because because one money's involved and two girls are nearby. But I mean, OK, then Paul back a year or two. No, you let him direct parking at the Battle of the Bands. Oh, not unless you wanted a wreck.
WTOP 24 Hour News
Fresh update on "three weeks" discussed on WTOP 24 Hour News
"Com slash careers sports twenty five and fifty five powered by red river technology decisions aren't black and white incorrect they've pressed and take it away money that football saw double headers well as history philadelphia's twenty five win over tempe the first time that score is ever been posted an NFL history yes we're calling it score agamian i think when i i i need to find a score agami sounder i'm gonna work on that okay cuz heaven knows i'm so productive as as it is the unbeaten eagles host the commanders in week four coach ron rivera despite sundays robbed by buffalo is salutes this is our third game of the season were two and one right now and you know we have an opportunity to make some corrections from this game everybody's too late to lose and the truth of the matter is the only good thing out of losing is that you can learn from it and that's what we intend to do to learn what our mistakes were learn what the things that we didn't do right get those things corrected and move forward i was hoping he was gonna say he can't he can't he can't stand losing he can't he can't he can't stand losing eagles are one of three unbeaten teams in the league after three weeks four teams are winless after uh... cincinnati left their ranks last night by beating the los angeles rams 1916 major league baseball nationals and bills play tonight dave pressman w two p sports of the police all right still ahead congress gets back to work with only a few days to avoid a government shutdown seven twenty six the following is a paid commercial message this this is bishop michael burbidge of the catholic diocese of arlington this past weekend we celebrated the world day of migrants and refugees people leave their home countries for many reasons perhaps to be with a new career but for others their lives are in danger and stay is simply
The Breakdown
A highlight from How the Crypto Investing Landscape Has Changed
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Sunday, September 24. And that means it's time for Long Read Sunday. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review. Or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. Welcome back to Long Read Sunday. Today we are getting into a topic that relates to maybe one of the biggest themes that we're watching right now, which is capital fun flows and the institutional engagement with the cryptosphere. Now, our piece today comes from Jeff Dorman, the CIO of ARCA, who has some really interesting insights to share about the time that he has been running his fund. The piece is called What I Learned Managing a Crypto Fund for Five Years. And because I am recording my sixth podcast of the day, I am going to enlist a little help from AI me, but I will be back as regular old NLW with some wrap up thoughts at the end. I've been running a crypto fund for one thousand eight hundred and twenty five days. ARCA just achieved a major milestone, reaching a five year track record of managing outside capital in our liquid hedge fund. Five years in any other industry may not seem like a long time frame, but in crypto, we often joke that one crypto year is equivalent to five normal years. And with twenty four seven trading hours, it's not untrue. During these past five years, I have seen many of our peers come and go, leaving a bit of survivorship bias as it pertains to crypto asset management. As chief investment officer overseeing this fund, as well as three others under the ARCA umbrellas, I experienced firsthand the evolution of this industry through good times, bad times and constant innovation. The five year anniversary provided a natural timestamp to reflect upon what I learned about managing money and about the industry. Here are five of the most important takeaways from managing a crypto portfolio for the last five years. In short, investing in these markets is very challenging. One tweak assumptions and risk models. This perhaps goes without saying to any person who has invested in this market, but this is not an easy asset class to invest in. For starters, the frequent booms and busts creates a false sense of liquidity and an often accurate depiction of expected beta and returns. All risk models, expected loss provisions and sizing parameters are based on historical data and correlations, which change incredibly quickly. There is a reason why most funds in this space are early stage venture funds, where many of these real time market related issues are not relevant. For those like ourselves who manage liquid funds, it is a constant game of tweaking assumptions and risk models to interpretation over speed. Contrary to popular belief, just because crypto markets trade 24 seven globally does not necessitate 24 seven trading coverage. Overtrading every tick is costly in any asset class, and the additional hours of crypto trading often try to lure you into more activity. But the reality is that the fragmented global investing landscape actually gives you more time to react to news and information. While there will always be bots and algorithms that react immediately to news, much like after hours equities trading post earnings, these initial knee jerk reactions are often wrong. And since one third of the world is sleeping at any given time, it often takes days for the true market reaction to play out. A correct interpretation of information is much more important than the speed with which you react. Three, careful documentation is crucial. On the flip side, the 24 seven workday does lead to difficulties not seen in traditional markets. In TradFi, even your worst day week eventually comes to an end, giving you ample time to reset and think through decisions while markets are closed without price gyrations clouding or influencing your thought process. In crypto, these natural resets often don't exist. Take the events of Terra Luna, for example. The entire unwind of a 30 billion dollar ecosystem happened within three days, with continuous trading and new information flow over the 72 hour period. We made decisions during this stretch that in retrospect would not have been made with more of a grace period. And we have since learned how to better implement risk management during a future period like this. In hospitals, mistakes don't often occur because doctors are overworked or tired, but rather because of improper handoffs to the next doctor who lacks that full set of information because the previous doctor failed to document fully. Crypto asset management requires similar knowledge, handoffs and documentation for balance between short and long. In debt and equity markets, quiet periods of time, summer holidays often lead to slow grinds higher in price. It is expensive to stay short and dividends and coupons continue to accumulate, adding more buy interest to the market. The opposite is true in digital assets, since the majority of crypto projects accrue value through network activity, slower periods of time tend to slow momentum of an asset. And since most assets have no distribution of cash flows, the cost to short is minimal. As such, negative price action tends to be more prevalent when markets are slow, leading to difficult decisions with regard to hedging and long exposure. As a result, active management continues to trump passive indexes. Rules based passive index strategies simply cannot keep pace with the innovation and changes to these markets. Similarly, these indexes can't take advantage of the volatility, which creates quite a bit of alpha. Over time, this will likely change as the market matures, but we're not there yet. Building a good team is fundamental for success and incredibly challenging. I've worked for seven different financial firms over the past 25 years. I've seen thousands of resumes and have interviewed hundreds of people. I've worked personally in just about every financial department, banking, trading, research, sales, business development. If a TradFi Wall Street firm asked me for a candidate, I could find them one pretty easily that best fits their needs. Five, hire people passionate about the industry. But what are the best attributes and qualifications for a research analyst in crypto? What makes the best trade ops person? Who is best suited to handle investor relations? These are still not easy questions to answer in crypto. During the first few years of our fund, we took what we could get, which is to say, whoever wanted a job. The pay sucked, the hours were long, and the future was very uncertain. Anyone who wanted a job in this industry in 2018 shared a true passion for blockchain success and was willing to learn any part of the job necessary to succeed. Most people who joined this industry pre -2020 are still working in this industry, and their job responsibilities evolve in real time. But in 2021, I could have handpicked any person I wanted from every major bank, brokerage, and hedge fund, who all had zero crypto experience but saw big money ahead. The resumes were pouring in. Many of these employees didn't work out. In 2023, we're back to the passionate souls who will do anything to work in this industry. Six, everyone wears multiple hats. This is a very hands -on business where research analysts have to test functionality of applications, challenge status quo financial modeling, and network live with other industry veterans at conferences. Traders have to navigate back and forth from US macro to Asian currency markets to crypto -specific on -chain wallet movements depending on the current correlation du jour. Back office employees have to test new service providers every three weeks to keep up with changing regulation, best practices, and LP demands while navigating constant bankruptcies, closures, and hack attempts. The common denominator seems to be a real willingness to test new theses. If you give 10 equity analysts the same inputs, they will give you largely the same answer and will present the same homogenous modeling techniques to arrive at this answer. If you give 10 crypto analysts and traders the same inputs, they will most likely give you 10 different answers using entirely different analyses. That's refreshing and often leads to outsized alpha, but also creates challenges when it comes to creating a repeatable formula for success. Seven, trade ops is the most important department. When I worked at credit and equity funds, the back office was overlooked. They were usually young kids eager to move into a real trading role as soon as they could. The job was basic blocking and tackling. Make sure trades settled, make sure your brokerage statement was accurate, and make sure the fund admins did their job. Compliance teams were there simply because they had to be. We all knew the rules, we obeyed them, and if there was any doubt, we checked with compliance but knew the answer would be, don't do it. We should be so lucky in crypto. Trade operations is the single most important job in crypto. You have to touch the assets every single day and a single mistake could cost the firm millions of dollars. As a result, not only do these need to be the most trustworthy people in the firm, but they need to build redundancies that can still operate even if they themselves vanish. Getting into a trade ops role is more glamorous than getting out of trade ops, and those who build their careers in this subset of the fund business end up learning the most about blockchain. Similarly, compliance is not an afterthought in crypto. Unlike in TradFi, it cannot be assumed that your employees know the rules, as most come from completely different backgrounds than Wall Street. Constant education and monitoring is a must. Further, a compliance officer can't just read the rules and assume compliance since there are few clear rules to follow, despite Gary Gensler telling us otherwise. To do your best as both a fiduciary and a law -abiding company is a Herculean effort. 8. The sell side is getting better. In traditional finance, the sell side offers a pretty valuable role. They underwrite new transactions, create novel financing ideas, advise companies on how best to participate in the capital markets, facilitate trading in existing securities, write research on new and existing securities, and pass along market color between participants. Both full -service investment banks and niche broker -dealers exist, but regardless of whether you use a one -stop shop or piecemeal the services with multiple firms, the services themselves are all covered. While the sell side is getting better in crypto, it is still incredibly fragmented and many of these services still do not exist. As a result, fund managers are often on an island, forced to manufacture its own deals, structure its own financings, and do its own research from scratch. Written research from OTC trading shops has greatly increased in volume and improved in quality, providing a necessary channel check on the state of the markets. But the trading itself continues to be very exchange -based, black box, and therefore lacks natural axes between investors. Trading color about flows and activity has improved, but there are fewer market participants to glean information from. There is still no full -service investment bank, and in fact, true investment banking services for underwriting and advisory of token launches is probably the biggest white space going forward. I'm constantly shocked at how few well -known Wall Street capital markets tools are utilized within crypto. Most token launches are doomed from the start. From low float, high fully diluted valuation, FDV token launches, to direct listings at insane prices, to poorly written tokenomics, token issuers, who are often developers and lack financial knowledge, continue to have to come to market without the assistance of those who know how to do this best, which subsequently leads to worse investment opportunities for asset managers. Some service providers are getting a lot better, like Custody Solutions, OTC Trading, and Options Liquidity. Still, others are getting worse, like fund admins and auditors, who in the wake of FTX are pulling back from these offerings. On the tech and research side, it's amazing that Bloomberg's crypto services continue to be irrelevant. The coverage list, their index, and all functionality is still from 2017 and does not take into account how much this industry has grown and evolved. Fortunately, newcomers like Nansen, Masari, Glassnode, Dune Analytics, Telegram, and others have innovated fast enough to take this corner, and we are grateful for these companies. It is entirely possible to run a crypto fund in 2023 without ever logging into a Bloomberg terminal. Overall, fund management is still challenged by the lack of sell -side tools. As the sell -side improves, so will the number and breadth of funds. 9. The investor base is getting smarter. When we began our fund five years ago, we knew the educational journey for prospective LPs would be slow. We were learning constantly as we invested and doing our best to educate interested investors in real time, but it was not practical to expect anyone who wasn't focused full -time on this industry to keep pace. Questions from prospective LPs tended to focus more on how we invest versus what we invest in, and there was definitely a bit of a leap of faith by investors. Fast forward to today and the script has completely flipped. LPs are getting much smarter about the asset class and the investment universe, thereby asking better questions. In some cases, the LPs now know more than we do as they are exposed to different areas of the industry that may not be in our everyday focus. That said, the amount of bad information that continues to flow effortlessly through the media and influencer accounts continues to reach LPs as well, often surprising us in regard to certain topics of interest that we deem irrelevant, but our investors believe are topical. As investors start to become more digital asset savvy, they want far more control over investments and specificity has increased. Asset managers in this space have launched highly specialized funds based on investor demand, including DeFi focused funds, NFT funds, etc. Many asset managers, including ARCA, have started creating funds of one inch that allow for more specificity, but provide the professional team to manage the investments. In 2018, if you asked us, we would recommend going with a professional investor, but as information is more readily available and UI UX of projects get better, we encourage retail investors to research and invest. However, to generate alpha where information asymmetry exists, it's still valuable to have professional fund managers who can take advantage of the 24 -7 news cycle, market volatility, and a murky regulatory environment. Overall, running a fund in this new and innovative space has been incredibly rewarding and we look forward to the next five years. Fund managers will continue to straddle the line between becoming more TradFi -like and adopting best practices of Wall Street, versus finding ways to take advantage of crypto -only opportunities, yield farming, airdrops, testing new applications. The most important factor for success in the digital asset space is faith in the future. We have to believe we are at the frontier of building a new financial system that has the capacity to transform society. While we fully expect bumps in the road and pushback from incumbents benefiting from the status quo, we know that as long as we continue to move forward, fight for the necessary changes, and adapt as needed, this industry will succeed. Okay guys, back to regular old non -AI NLW. The thing that stands out to me after reading that article, as trite and as cliche as it sounds, is just the how early we are theme once again. Every cycle it feels like we see it as the mass flow of new institutions into the space and to some extent it's true. We obviously got a lot more market participants from the traditional sector last time around than we had before. It feels, however, now that we're inching ever closer to a period in which those traditional actors aren't just tourists, but are long -term participants in the space. Certainly right now you have an interesting jockeying for position where the Blackrocks and Fidelities and Franklin Templeton's of the world are laying the foundation for what seems like a much more proactive end -to -end from the beginning of the cycle on through whatever happens after kind of approach. I've said before and I'll say it again that I think Blackrock's ETF application will mark a significant pivot inflection point of this cycle when we look back at it historically. I think we will see it as a firewall that stopped whatever further slide might have happened and reinforced for market participants that crypto, despite being as down as it was in every sense of the word, was going to come back. And so I think about Jeff's next five years running a fund and how different they'll look. The different participants that will make up the market. The different ways in which people will engage. It's pretty hard to imagine from where we are, but it's certainly interesting to think about. Anyways friends, that is going to do it for today's Long Read. I hope you are having a wonderful fall weekend wherever you are. Until next time, be safe and take care of each other.
WTOP 24 Hour News
Fresh update on "three weeks" discussed on WTOP 24 Hour News
"Going abroad for the first time in years. To Spain. So we started using Babbel. Started learning Spanish fast. In just three weeks we're starting to have conversations in Spanish. Babbel. for Language life. And now try Babbel for free by texting radio to 64 ,000. Text radio to 64 everything you need every time you listen. WTOP News 545 I'm John Aaron. And I'm Michelle Bash. Have you noticed rising costs at the gas pump? Global oil prices have been climbing so you're paying more to fill up your car, truck or SUV. Factoring into gas prices is Saudi Arabia cutting oil its supply by one million barrels a day in July. Russia has also limited its output. And according to energy analyst Tom Klose, we're likely to see some increased production somewhere, certainly not before the end the of year from Saudi Arabia. But I think in 2024 right now they're probably planning on increasing output. Some analysts say they expect a barrel of oil to cost $100. Klose says the price of oil has peaked for the year. Here's another sign that travel is bouncing back. Friday marked a new high for BWI Marshall Airport passenger traffic since the start of the pandemic. September 22nd was the busiest day for the airport since late 2019. Airline seat capacity there is now 3 % higher than it was before the pandemic. I'm Peter Greenberg and this is today's Eye on Travel Minute. over With tourism still topic A in some destinations around the world, 2024 is now shaping up as the year of pandemic. the For visitors, Venice has already announced an entrance fee if you can't prove you're staying at a hotel. In Mexico, the state of Quintana Roo will charge $18 to go to Cancun and Carmen. New Zealand's fee $19. Sometimes the fees don't work. Last year, Bhutan charging was a whopping $200 per night for visitors, but fewer people came than the government wanted, so just they lowered the tax to $100 a night, but it's still an expensive fee. For more information, visit .com. PeterGreenberg I'm Peter Greenberg and this is today's Eye on Travel Minute. A Native American group is suing the Washington commanders for defamation. The group claims it's been delegitimized in its efforts to restore the team's former name, which many consider to be racist. Newsweek reports the suit was filed in North Dakota federal court on behalf of the Native American Guardians Association against the commanders in key leadership. The suit claims there's a coordinated and willful effort by the franchise to defame the association both verbally and in writing by referring to the government profit organization as fake. Last month, the association issued a letter to the commanders in conjunction with a Change .org petition that called for a name change back to its roots, citing history and legacy and how most Native Americans purportedly do not feel the name is derogatory or offensive. Now to the top stories we're working on at WTOP. The House Speaker is criticizing Republican hardliners as we close in on A fine and community service is the sentence for a truck driver
The HUMAN Training
Setting Realistic Expectations For Your Dog Training Lessons
"So today we are going to be talking about lessons. So someone's needing a lesson or wanting to get a lesson with the dog trainer, or perhaps it's a board and train and they're going in for their first lesson. And what are expectations that dog owners should have of what they're going to get out of, what they're going to learn, what they're going to have to do in a lesson, a one -on -one lesson with the trainer? Let's go over what our lessons look like. Okay. So ours are what, about half an hour long, 45 minutes long, and it's very much, I'm going to show you with your dog, I'm going to show you with the dog, then you're going to do it in front of me, and we're going to really make sure we're all doing it correctly. We're going to tell you, then show you, and then watch you do it. And we do our - And then a tweet can help you. Yeah. Yeah. If you're struggling or anything like that. I know board and trains are a little different. They go home every Friday. So if you have a three -week board and train, you have a half hour, 45 -minute lesson every Friday. Every Friday. Yeah. And then - That's really a big difference because a lot of board and trains, they'll do a, they call it a go home or a send home lesson in their two, three hours because it's the only lesson quite often that person is going to get with their trainer. So the expectation, if I was the owner, going to that type of lesson would be overwhelmed. That would be my expectation because really who goes to a class for three hours without a break? I mean, you go to a seminar or workshop in about an hour and 15 hours and 30 minutes, they're taking a potty break for everybody because everyone's mentally checked out. Even if you paid to be there, you're mentally checking out. It's like death by PowerPoint. It's just too much information. And then you expect your dog to perform for two hours - Or three. If that dog is possible. Yeah. That's not possible. No matter what kind of dog you got. They can check out. Dog trainers themselves will check out. Yeah. And they, to be a dog trainer, you have to have some flavor of idioms. Because that really lesson, you know, that two, three hour lesson, they're still doing the same thing. Hopefully a good trainer is going to tell you what you're about to do, show you how to do it, hand you the leash and have you deal with your dog. Man, that's just, oh Lord, that's all time consuming. But why do we do that? Why do we do, why do we tell, show and deal? Retention. Retention. The hardest part about this entire industry is training humans. Dogs - Yeah. It's not for the dog. Not for the dog. The dog knows how to do everything. It's supposed to. Know how to do everything - That, you know, we're doing in the lesson - Yeah. With our client. Now it's to get the client up speed, but it's also a transfer of leadership over to that client. Yeah. Now we're showing the dog, yeah, mom and dad know how to do this too. You can't go home and look at them like they got a third eyeball growing out of their forehead because they said sit to you. Yeah. Because dogs will associate. That's how they learn. Just like humans. They'll associate all these new commands and skills they've learned here with us. So that lesson helps them, oh, I got to do this with my family too. Yeah. But it also makes it easier on humans too because it's never a question, does my dog know how to heal? Right. No, they can do it. They can do it very well and they can do it for you. Clearly we did it for you. Yeah. Now if there's a disconnect at home, it's probably a house problem. Yeah. Or handling the leech problem usually.
The Eric Metaxas Show
Fresh update on "three weeks" discussed on The Eric Metaxas Show
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Mike Gallagher Podcast
A highlight from FULL INTERVIEW - David Trulio, President & CEO of the Ronald Reagan Presidential Foundation and Institute
"Your challenge, if you choose to accept it, is this. Let's go, let's go! Show up on day one, work out with us for 30 minutes, feel good right away. Yo! Repeat five days a week for three weeks. Three weeks? Five workouts a week. We're a body, and we call that a body block. You pick the block and you're gonna love the experience. On week four, this part is really important. Take the week off. Seriously, we mean it. Rest, go on vacation, or try something new. Maybe some yoga. Notice you're not holding onto any tension here. Or a dance class. Get sexy with it, daddy. You do you, and then start again. Be committed to this process. Choose a new body block each month. Get a new challenge each month. Have fun every day. Avoid burnout. You're not gonna quit on yourself today. This is how you reach your goals. You in? There is nothing that we can't do if we work together. Sign up for your first body block today. Visit body .com for a free trial. That's B -O -D -I .com. Are you ready to get started? Mike Gallagher. Boy, we are in the middle of an election season, aren't we? The next presidential debate is gonna take place at the Ronald Reagan Library, the Ronald Reagan Presidential Library and Museum, which is the most visited presidential library in the country, and I urge everyone to see it. It is absolutely amazing to witness the beauty of it and the majesty and remember the tenure of one of the greatest presidents the country has ever seen. David Trulio is the president and CEO of the Ronald Reagan Presidential Foundation and Institute. As they are scrambling and getting ready, I gotta believe you're a busy man these days, David.
Morning News with Manda Factor and Gregg Hersholt
Fresh update on "three weeks" discussed on Morning News with Manda Factor and Gregg Hersholt
"Week to go to the movies if you can't be outside doing what you want. Surging sinister clergy topped the weekend movie box office again and a couple of big stars had a big old flop. Something doesn't feel right. The nun to a horror movie that earned over million $8 in its first week added another eight mil and weekend ticket sales says data firm comscore for more than 69 million in three weeks. Sylvester Stallone and Jason weren't enough to save expendables for from a debut flop. In second place, the Lions gave a millennium's film pulled in a mediocre $8 .3 million for the big budget project. I can talk to the dead. In third, a haunting in Venice earned $6 .3 million and over $25 million after two weeks. Chuck Severson, ABC News. Actor Bruce Willis' wife is opening up about her husband's condition. Willis is living with dementia. His wife, Emma Hemming Willis, tells The Today Show what it's like to be the caregiver for her husband. You know, what I'm learning is that dementia is hard. It's hard on the person diagnosed. It's also hard on the family. The disorder affecting a has its own language processing and communications abilities. She says it's not clear if Bruce is aware of his condition. child. Adele keeps dropping hints that she may have tied the knot. During a recent performance at her Las Vegas Vegas residency, the singer was talking about how her partner, Rich Paul, loves the NFL and said that she's not the greatest wife to when it football. comes A few weeks ago Adele also referred to Paul as her husband. An update from ABC News is next at 1230. If you need a new roof, windows, siding or solar, I got to tell you about a team of experts that will protect your home for life. High performance homes. You'll love high performance homes because get you'll one of the most thorough consultations you'll ever receive from a home improvement company. These guys will actually get on your roof, go into your attic, inspect every window, your siding. They'll take pictures and videos, educate you on your options and provide three accurate quotes right there on the spot, down to the penny. High performance homes is the premier contractor in Washington and known for their signature white glove red carpet experience with a high warranty and lifetime warranties. The whole team is hyper passionate about your high performance experience. What other home improvement company can say that? Take advantage of their in -house financing, then save your spot on their schedule today for high your new performance roof, windows, siding and solar. Schedule your consultation at hphusa dot com, hphusa .com. That's hphusa .com at the lighthouse for the blind incorporated. We are the industry leader in providing sustainable, livable wage employment with support home improvement company. Thanks for to over 2 .3 million parts for aerospace and government customers. Operate 14 base supply centers, watching. Vision Clinic in store and offer career development training people who are blind power everything we do. Learn more at LH blind dot org. Are you ready to your
Crypto Banter
A highlight from These Altcoins Are In Big Trouble! (Major Token Unlocks) | *How To Profit*
"We're talking about token unlocks today very misunderstood in crypto people hear the word token unlock and they start to seize up They get all nervous tense. They think prices are going to dump but in today's video I want to explain the upcoming token unlocks that we actually have hitting the market and I want to take an analytical look a deep dive into how this could actually affect the market because I have gone through the data and Have a pretty concrete idea of how different unlocks actually end up affecting price And of course, it's going to create so many trading opportunities for you on the long side on the short side But also if you're a long -term accumulator of tokens, you know with you know, pretty steep vesting schedules this can present huge opportunities So I think it's gonna be a pretty valuable show and if you do enjoy more educational style content like this Make sure to smash the thumbs up button So I'm gonna use this week to contextualize the current state of unlocks in the market over the course of this week We have six major unlocks comprising around 80 million dollars worth of Capital that is coming onto the market ape with 11 % of their supply is the main one You've got Lido at point 2 % of their supply as a secondary one You've got Aptos as well with 2 % sweat tokens flow talk with tokens and EUL all hitting the market now There's an amazing website that I think you should be using basically every single week to keep on top of the token unlocks and it's called token app unlocks so token unlocks dot they're not sponsoring the show It's just an application that I personally use to stay on top of the unlocks And what it shows you is the unlocks as you can see in the right There's a corresponding column which shows you the date that an unlock takes place It shows you all the unlocks in the market the percentage of their supply that is dumping and where the supply is coming from Super valuable information now We're hitting a very critical inflection point when it comes to crypto unlocks because many of the tokens in the market are now Starting to mature and we typically know that when projects structure their token omics They tend to skew the more steep part of their cliffs for the mid one to two year period Of the project or the tokens existence So what we're seeing now with a lot of projects that were launching in 2020 2021 When the bull market vibes are on and there was lots of funding coming into the market a lot of those projects And now starting to hit their mid supply curve. For example, you've got dy dx with significant unlocks You've got eight coin with significant unlocks optimism with significant unlocks all these claims that are unlocking significant percentages of their supplies Tend to launch in that 2020 to 2021 period and because that was the bull market you have a lot of tokens during that period That were laying out their vesting schedules and this of course has huge ramifications for the prices of these tokens And as I said starts to create trading opportunities off the back of that So how do token unlocks actually affect price in the market? Is it an instant death sentence for a token that causes a huge dump or is there this kind of phenomenon called a bullish unlock? Which ends up meaning an unlock is fully priced into the market Well, there's data that when I looked into this actually was pretty unexpected to me That kind of gives you a good scope of what actually happens when there's a token unlock So I'm gonna read through the research here large crypto token unlocks drive price lower within two weeks research suggests So let's talk about this right now new research by analytics firm The Thai shows coins on average and they've looked through all the major unlock coins over the last few years Declined in the lead -up to the event of the actual unlock However, when the liquidity freed up represented more than 100 % of the average daily volume Prices quickly recovered only to fall deeper within two weeks following the unlock and we're going to get into this with real examples in a second So what they're saying here is that when the amount of liquidity? exceeds the amount of the average daily trading volume that you can get simply by going on coin gecko for example if we want to Work out the trading volume of ape we search up a coin and we can see here The daily trading volume is 63 million if the unlock for ape actually exceeds this amount of 63 million then they affirm that prices quickly recover But then they fall deeper within two weeks following the unlock and this firm has gone through 350 ,000 individual token on the unlocks to come up with this data Let's look at this graph and talk about what it means because I believe it's one of the biggest pieces of alpha I've found in the market honestly in the last week because unlocks are everywhere every token you're likely buying or selling has an unlock This is how crypto tokens fund themselves. They unlock onto the market They sell this enables them to generate liquidity for their treasury this enables them to to incentivize advisors market makers Etc without dumping their price by launching all at once now There are some tokens like uni what for example which have executed fair launches Which means well basically they launch all at once and then they're 100 % of their tokens are in supply This can work but for projects that are trying to bring on investors. It obviously doesn't make sense So most of the bigger projects in the market with big VC backing do have unlocks because this is how VCs are able to Recoup their initial investment without hurting the token price too much in the short term But as you'll see in a second it actually ends up hurting the price in the long term in cases where the unlock Represented more than 100 % of average daily volume as we just asserted prices tend to rebound faster But only for a brief period this could be attributed to traders feeling relieved that the unlock did not flood the market with new tokens Immediately within Nonetheless two weeks prices of tokens facing such significant unlocks fell below their initial levels at the time of the unlock this may suggest that holders preferred to wait a few days before selling into the market this essentially Debunks the bullish unlock theory. So there's this theory floating around in the market that token unlocks are bullish And yes in a bull market when liquidity is running rampant and people are you know? Ramping onto crypto and speculating into coins and money's flowing in Oftentimes unlocks are bullish because the market in general is bullish, right? But in neutral periods and bearish periods and just on average across all periods which should you know Get rid of those extremities on the highs and the extremities on the lows It does tend to negatively impact price and this is a major misconception in the market that has been like statistically debunked now Through this report that tokens actually perform worse out of unlocks I mean who would have thought right but this is what happens if this is the math that we see here So this graph which I think is just pure alpha shows the unlocks by size shows the average normalized price of a token Let's say like a dollar and ten cents and shows based on the volume Representative of the token versus the unlock size how it performs and we can see what we saw from large Tokens which are tokens where the unlock outweighs their trading volume So it's bigger than their trading volume these large tokens tend to bounce So this zero period is the amount of days post unlock they tend to bounce in price But then two weeks later start to correct and this isn't just one example as I said This is taking three hundred fifty thousand tokens and analyzing it Now the interesting thing is the small section and the aggregate section shows that smaller unlocks So unlocks all like small size that aren't outpacing, you know The average daily trading volume this tends to bottom out on the unlock date and then they tend to recover in the weeks following so What this tells us is the size of the unlock? Dictates the price action of the unlock So if an unlock is really big it tends to bounce a lot quicker because investors start feeling relieved Like think about the psychological component here But then the real weight of the selling pressure starts to impact on the market and then over the next couple weeks You start to see the real impact start to hit whereas with smaller unlocks So unlocks which don't outweigh the average daily volume It tends to actually bottom out just before and on the unlock date But you don't see that huge bounce that huge bullish unlock, you know phenomenon that we see you see a slow Grind up a slow recovery and then sometime after that, you know You may see a decline but 20 days after the event that should give us like a rough scope of how an unlock affects the market Alright, let's go practical now Let's look at some of the major unlocks in the market and let's learn how to actually make money using Token unlock so looking through the market what you should do is you should identify Tokens that you're interested in because unlocks as I said, they create opportunities in the short term They also create opportunities in the long term You can go through the list and work out which tokens you're interested in trading like you've got dy dx here You've got ape you've got optimism If you're interested in stacking these there definitely is opportunities to get in during these windows where you see these massive declines and based on The size of the unlock that is going to dictate when you actually choose to get in So a token that has a bigger unlock for example like an apron optimism You may choose to wait for a bit of a bleed and then get in get in around the 15 to 20 day mark Whereas with a smaller unlock as you can see, there are some really tiny ones like Lido is pretty small Uni is pretty small these unlocks can basically Rebound are slowly over time post unlock and make the actual unlock date or just before the unlock date where some of the bearishness is Being priced in that can be an opportunity to accumulate So the token unlocks app does an amazing job of actually doing full reports on all coins So I want to give you a bit of alpha here If you go onto the website and you click on the insights tab now some are paid But some are free if you click on the insights tab, you can scroll down and actually view Individual token unlock reports and this is alpha especially if you're interested in Accumulating any of these tokens or trading any of these tokens It gives you like a great summary of what they anticipate is going to happen with price based on previous prices For example on the ape coin unlock here You can see that in March they did a hundred and thirty four point eight million dollar unlock in September They have an equal unlock and then in April through to August. It was a much smaller unlock So when you're analyzing the ape coin Price performance you wouldn't want to compare this week's unlock with an April unlock because it's just so much bigger, right? It makes more sense to compare the September unlock with the March unlock So what you can do is you can scroll down and you can see well if we go back to March How did price actually react to the unlock? Well, it had a small pump in and then it bled then it had a rally and then it bled again So you can start to look at what the previous unlocks of similar size actually did in the market And the ape coin unlocks do line up with this phenomenon that we're seeing from the token research here You can see we get pumps into the unlock then it bleeds And then we see that rally into the next unlock and this happened basically every unlock We saw the pump then it bleeds and then it pumps again. So we know what the phenomenon is Assuming that the unlock was big which I know it was for ape versus its trading volume We know that they they actually pump into the unlock and then their big dump happens over the next couple months We can see this exhibited multiple times on the ape coin chart here. So that's why this token unlock section is so powerful So if you do want to trade like any old coin, of course and take advantage of the strategy I want to give you a reminder that if you're looking for a Dex look no further than G trade a Decentralized permissionless protocol that allows you to trade and they also have a function one -click trading So literally trade with one click on a variety of trading pairs. So all coins Bitcoin Ethereum commodities They Forex have as well So if you want to trade anything on a Dex and of course keep self custody of your own assets Which is so important in crypto and still get the benefit of being able to use leverage and set a stop -loss and take profit Of course and set limit orders short long, whatever you want to do. Um, you can do so on G trade across polygon or arbitrum There's a link in the description to check it out thought I would mention that because yeah A lot of these tokens that I'm discussing today's video They are available on Dex's like G trade to actually trade if you're taking more of the short -term angle now I want to take more of the long -term angle and look at how can you take advantage of unlocks if you're bullish on a token? So let's say you you scroll through the list. You're bullish on Optimism you're bullish on sui and you want to accumulate long -term. How can you use these events to position yourself? Long -term and get better entry opportunities for your long -term portfolio So for investors typically the weeks following a big unlock are a great place to buy the tokens if you're bullish on the long -term prospects of the token Especially if you do see that phenomenon where it sells for two to three weeks after the unlock Especially in a bearish environment like this all coins a lot of them versus their PTC pairs are bleeding Bitcoin is a little bit shaky. The market is relatively apathetic So these unlocks are starting to affect the market more in these conditions So the effects of unlocks are always based on the market conditions in which the unlocks take place and in this market You will see some of these sell -offs that we've been discussing be slightly more severe And because of this these can give you great buying opportunities So I recommend scroll through the list look at if there's a token with a big unlock and start to just pinpoint the dates on Your trading view so you can literally go on to trading view. Let's say, you know, we want to Set a date for optimism. What you can do is click on your trading list You can search up optimism and you can start putting in these Vertical lines which indicate when the next major unlock is happening So if we go on to token unlocks we scroll down We see optimism has a major unlock in 17 days on the 30th of September We can map out the 30th of September on our chart by using one of these vertical lines as we can see here Okay we put it in on the 30th and now we have a red line which shows us when the unlock happens and What you can do is you can kind of track where the price starts to falter In the two to three week period following this unlock that would then be potentially a decent zone for you to buy if you can map confluence with your Horizontal levels and you can do this for any altcoin so if you do see let's say the token price do what happens with these big unlocks typically and Pump afterwards and then start to bleed then you can look to accumulate in this period here if you get good Horizontal confluence so that is one strategy that you can use faults that is more from an investor standpoint If you want to short you can definitely take advantage of shorting these pumps if they happen post unlock and you can also map that Out with your confluence So let's say it pumps into this area and you're seeing like a major resistance in this zone and then it starts to come under You get a bearish underside retest and then it starts to roll over Well, this could be your short entry on the retest to get in such as one example Like very basic of how you can use this but token unlocks from an investor and a trader standpoint Are very very valuable and what you can also do alongside just basic ta is actually use momentum indicators So let's use the optimism example again You can go onto an application like Kyber AI which is like your ultimate AI on chain trading platform Click on optimism and see what the momentum is like for the coin at that time If you start to see after two weeks the token pump and then start to roll over a little bit and you're looking for let's You can look at the Kyber score and see if the bullish momentum of that token is starting to tick into the bearish territory So you might see the last like for Kyber scores coming bullish and then you might see the momentum starting to tick bearish Using their on chain analysis function when that starts to happen Which is likely indicative of cells outpacing buys on chain The on chain indicators can tell you first before the centralized exchanges catch up whether that altcoin is starting to get bearish Momentum and that can be a great peak data point for consulates to get into a short setup and Similarly after an unlock takes place if you want to buy optimism long term But you want to be a bit more picky with your entry then you can do the same thing You look for bearish momentum tick into bullish momentum like it's exhibiting right now And if that maps up with our net buyers starting to position themselves on chain Then that can give you an indicator alongside an uptick in trading volume that you should be getting in So always look for momentum shifts in crypto and this can help you get better entries So if you don't want to use Kyber AI for any of that, there's a link in the description We have an early access pass for people that want to use that link. You do need to get approved. I'm sorry It's not instant approval But I promise you it's worth the wait because it's been an amazing application and I want to thank them for partnering with the show Because yeah, it's an application that I regularly use in my trading But I thought I'd just mention it in the context of this video Because it's super relevant for using an application like this to help you get entries. So pretty much with unlocks there there is like a lot of nuance, but what you need to know is Have your finger on the pulse in terms of tracking them Make sure to utilize the reports at your disposal through an application like token unlocks. There are free ones There are paid ones if you don't want to pay that's completely fine Like they're not a sponsor of the show or anything You can kind of use this framework for mapping volume versus the size of the unlock and if it fits within this Of course, it's not going to happen like this every time but on aggregate if you trade, you know Based on this assumption then on average you'll probably end up ahead given the fact there's a sample size here of three hundred and fifty thousand Given, you know, they've done extensive research. So obviously sometimes there are outliers Sometimes the project might announce news before an unlock to pump the price Sometimes the market will just react differently due to like a switch in market conditions But generally if you follow the blueprint you will come out ahead in the long term Market conditions do play a huge factor in a bullish market unlocks are like always the best buying Opportunities in a bear market unlocks are often the best shorting opportunities because you have to consider the weight that some of these unlocks can have on the market when the buyers are apathetic because when buyers don't want to step in and protect price and you have additional supply dumping in a bear market that is a Recipe for disaster a lot of the time but in a bull market that's often a recipe for buying the dip So you probably want to take the short side more than the long side in a bear market And you want to take the long side more than the short side in a bull market So important to wrap your head around that concept Bitcoin actually has quite a bit of overhang. I'm speaking about Bitcoin for a second They've got the US government Silk Road Bitcoin. They've got the Mt. Gox Bitcoin or they've got the FTX Bitcoin as well Which is going to be start to be liquidated soon So there is a fair bit of supply overhang in general if we could continue to see bearish market conditions And we do get some of these like unlocked overhangs, you know Just supply increases hitting the market then that could be a reason that Bitcoin starts to correct but given the fact we're heading into 2024 when we've got like major catalysts like the Bitcoin spot ETF You know the ETH ETF the Bitcoin halving potential rate cut rate cuts on the horizon those all can be opportunities To take advantage of the unlocks in the meantime So when you know the destination it becomes easy to play the game in the short to medium term If you're a long -term investor, so just thought I would add that as well in the context of Bitcoin, too So yeah, maybe we went with a bearish tile today Figured out what my thumbnail is but if it is just know it can be bearish on but it also can be bullish and hopefully this video can act as a bit of a framework for you to be able to contextualize and then apply or token unlock trading to your own trading stuff, hopefully this video helps if it did smash the thumbs up button and subscribers in order to subscribe and of course We have a link to games if you want to trade in a decentralized manner in the description and a link to Kyber If you want to sign up to execute the AI strategy that I discussed on today's show I will see you later.
The Café Bitcoin Podcast
Fresh update on "three weeks" discussed on The Café Bitcoin Podcast
"Good morning. Absolutely. Always a blast to be hanging with you guys. Happy to hear that a lot of people either follow or are at least interested in macro because it's really running the show right now. Obviously, there's some Bitcoin native news on the ETF front, even some more granular niche stuff. But ultimately, very a liquid asset for the time being. We know what could become but what it is right now. It's a very tiny asset. Really, liquidity is in the driver's seat. What liquidity is doing is always going to really run the show here. So then it becomes a question of what's coming up, what's ahead. Not a pretty picture. I did a tweet, not a tweet rather, but a post way back two weeks ago, three weeks ago, on September 9th about all of the risk factors heading into October. It's setting up to be an extremely interesting, if not bloody month for market. It's therefore a bloody month for Bitcoin, at least the very start of this downturn of this cycle. You have the government shutdown, of course, very well-timed. It's also very interesting because we literally just had a government shutdown two months ago. They can't shut it down. It's kind of embarrassing. Student loan repayments are resuming on October 1st. The US Treasury is set to increase issuance on October 1st, which will push yields higher, which will make existing US worth less. You guys didn't know. Treasuries, thanks to interest rates going up, have already lost $1.429 trillion worth of value, which is completely insane. This is the collateral that underpins all of the global financial system, and it's never lost this much money. We've had monetary malfunctions in the past before. In 2019, Jerome Powell stepped in at a time when US Treasuries had actually flipped positive, but the lowest that they got before Jerome Powell stepped in was $173 billion. Now, they're at $1.429 trillion and continuing to fall. All else equal is issuance rises, yields push higher. You know, more issuance, of course, do you have existing bonds, and so obviously add for banks that hold. So consumers at the end of the rope, student loan payments resuming on October 1st, then you got the issuance thing, which is going to hamper corporations, and it's going to decimate a lot of banks, obviously. And it's not good. It's not good at all. These are just a couple of factors lining up to make October certainly a thing. And with Bitcoin sort of in the mix with all of it, and of course, the powers that be delaying ETF decisions to the very end of the line every single time, it's going to be an interesting ride, if not very bumpy for Bitcoin, but we'll see. Yo, Wicked, fire off. And what's up, Joe? Lots to digest there. So, you know, all of you know that I truly appreciate the macro perspective, right? I think that with such low volume and liquidity in the market, basically anything could really set it off in either direction. And in which case macro has no fucking effect, because you think about it, like what happens if another country adopts Bitcoin, and then maybe a few more billionaires. It's like you just get, you know, like basically what I'm trying to say is like, or Black Swan events, right? And maybe they happen to line up with, you know, macro events, you can like, you can kind of figure out something and point to it and be like, oh, yeah, that was it. Oh, there's more liquidity now. I don't know, whatever. But like in the end, isn't it really just like a spark that sets things off in Bitcoin land since it is such an illiquid asset? Yeah, I suppose so. That's the other side of the coin, right? There could be these pockets, these huge spurts of some kind of event, like you said, White Swan, Black Swan event happening somewhere that sends investors flocking to Bitcoin. I don't envision, you know, I'm trying to be probabilistic. And so oftentimes, yeah, you know, I'm trying to be probabilistic. So oftentimes, like those Black Swan events don't factor into my thinking. But yeah, they could always happen. You know, the SEC could cave and then all of a sudden four spot Bitcoin ETFs get approved. And then, you know, the Bitcoin underperformance that has sort of been the hallmark of this cycle relative to the S &P 500, when it's usually the other way around, right? Usually, Bitcoin outperforms the S &P 500. Maybe that reverses, you know, and Bitcoin makes up, you know, $10,000, $15,000 worth of performance that it will, you know, that if it kept that outperformance, it would have had by now. Maybe that happens. But, you know, really those don't factor into my thinking as much as broader scenarios. And it's like, I weigh all these things by probabilities. And so given, I've spoken with Joe Carlosari numerous times. Obviously, he's probably been up on this space several times. Everyone here probably follows him. Great follow if you don't. Really the foremost authority on what's going on in ETF land. And he has sort of discussed the SEC strategy here. Basically, just, you know, delay and delay and delay to the very last minute. And then if they can, get an extension. Delay to the very last day that they're allowed to make a decision on all these ETF rulings and then get an extension. And so if, you know, if they can't win because Grayscale won their suit and said that the SEC blocking Grayscale's conversion of GBTC to a spot ETF was arbitrary and capricious, so the SEC is now forced to potentially make some of these into spot ETFs when it doesn't want to. And it doesn't have to, you know, it can play the game, but it doesn't have to be nice about it. It can play hardball. And to me, it's, you know, of course not being an expert. I'm deferring to Joe. It seems like that's what they're doing, right? So extending, extending, extending. So I don't see ETF approval as like this imminent thing that's going to happen. It's certainly closer than ever. And as these deadlines approach, as these extensions are exhausted, it's going to happen eventually, which is extremely encouraging. And that'll be very encouraging for institutional inflows, right? And so that's a factor to be bullish about. You know, another factor to be bullish about, of course, you know, country by country adoption is, you know, and this helps Bitcoin to some degree. I don't view the Bitcoin and the dollar as, you know, mortal enemies. Obviously, the dollar is, the world's leading fiat currency and Bitcoin is sort of juxtaposed to all of that, that entire universe, right? It's something entirely separate. And one day, you know, in my purview, we'll make for a much more, a system that is, where distortions are far more sparse, one that has Bitcoin at the helm. But for now, they're separate. So like, you know, what I'm seeing, one thing I'm seeing is US Treasury inflows, foreigners buying US Treasuries and non-foreign holders of US Treasuries, so domestic holders, those are breaking through all the time at high levels, which is encouraging for Bitcoin. It kind of sounds, it sounds like it isn't, and in a way it isn't, because it's obviously a big de-risking move. People move their capital out of riskier stuff and into US Treasures. But the reason in the long run that it's bullish for Bitcoin is because when you have dollars, when you have access to dollars, you can buy things like Bitcoin. Chances are you're not going to be buying Bitcoin in Argentine pesos. You can, but chances are you have much more ability to purchase Bitcoin when you're in dollars. Same thing with every other asset. And so obviously, for now, that's the way it is. People are exchanging their dollars for Bitcoin. So in the mid, in the, when I say long term, I mean like five, ten years, in the long term, it's bullish for Bitcoin for people to be allocating to dollars now. But of course, you know, there may be a day and, you know, chances are there will be a day where in parts of the world, people are not exchanging their Bitcoin for anything. That's their main denominating currency. But for now, Bitcoin is something that many people around the world are buying and this foreign allocating to US Treasuries. In my view, obviously, it's a de-risking move in the short term, but in the long term, more people have access to US dollar capital markets, therefore more people able to buy Bitcoin. And on those potential future on-ramps, the ETFs that we just discussed, which are closer than ever. So those things are positive catalysts for Bitcoin on the horizon. But, you know, in the near term, you know, the economy is holding up, let's be real, right? PMIs are starting to worsen, right? These surveys are starting to worsen. But the economy has been way more resilient than anybody, including myself, has been able to forecast accurately. This cycle has been unlike any other, right? There was this huge money cannon shot out in 2020, 2021, and now we're just reverting to the mean. So there was this, you know, steady upward trend, and then all of a sudden, on the mountain that we were climbing of global money supply, it shot up, right? And now we are working our way back down to that long run average growth rate. So it's like all of the measures the Fed has taken, the aggressive rate hikes, the complete, you know, abandonment of the US Treasury market apart from some liquidity provisions at every single auction, on net, it's rolling off its balance sheet. So basically, money destruction. This level of money destruction hadn't happened in any other cycle. Financial markets would have exploded by now. All of the stuff I talked about in the beginning with losses on US Treasuries, it would have already caused financial markets to totally implode, and we would have already pivoted. But the reality of the situation is you got to think about these measures in context, these money removal measures in context. This is the money vacuum, but it's after the world's biggest cannon shot of new, we'll call it new money, into the system ever. And so it's like it's all reverting back to that long run average. If this happened in any other cycle, this level of money removal, like I said, financial markets would have uploaded. But because there was so much added during 2020, 2021, what's happening right now is really peanuts, and it has yet to materially impact financial markets for the time being. It's affected rates, it's affected interest rates, because the Fed's policy tools influence those higher. But because corporates and individuals were relatively savvy in 2020 and 2021, they lowered their borrowing and they pushed out their maturity well several years. It really hasn't impacted people as much yet. So this huge historic money removal is happening, but it's really anybody's guess as to when it's going to hit financial markets. And so that's the main thing that's happening. But what's happening over all of this, and then I'll refer to some other people and we can discuss and we can answer questions and stuff like that, is the yield curve is un-inverting. So one of the things that we track closely at the Bitcoin layer, which is my market research publication, Nick Bhatia, author of Layer of Money, brilliant dude, great mentor for me, is rates, interest rates, US Treasury market. And you guys heard the term yield curve. It's basically all of the rates that are offered in the US Treasury market, everywhere from one month all the way up to 30 years, and then plotted along this line. And as you go through time, investors demand to be compensated more for having their money locked up for a long period of time. Makes sense, right? The one month yield in this example. But what has happened is people have begun buying up the longer term treasuries. And the reason they're doing this is because they have a worrisome outlook for growth for the US economy. And so that causes the yield curve to invert. You guys have heard the yield curve has inverted. And that's because investor expectations for the US economy are worsening. Now what is happening is buying the front end a little bit more. Well, why is that? Why do people buy the front end? Well, they want to lock in rates at the front end before they go down. Huh. Basically, what the curve of inverting is telling us is investors are piling into the front end because they want to get rates while they're here now. That means investors expect rate cuts, OK? So the curve is un-inverting because people are expecting rate cuts. Well, why does the Fed cut rates? The Fed only cuts rates in response to something terrible happening. So if the market is anticipating rate cuts via the yield curve un-inverting, that's what we observe, then what is on the horizon? What is coming? Well, we don't know. But we know that every single time the curve is un-inverted, i.e. people have expected rate cuts, they have happened within several months. And so it's really been anybody's guess as to what the hell is happening in this particular economic cycle. Because like said, it's so different than any other one. But if we look to these tried and true indicators, like the yield curve, and we say, huh, it's un-inverting, people are expecting rate cuts, then we know, we may not know what is going to happen or where it's going to happen, but we know that something bad will happen that will warrant rate cuts, whether it's in the real economy, it's in financial markets, it's in commercial real estate. We don't know. But the market is sniffing something out that the headline data doesn't parse out, right? Ultimately, this is the world's biggest, most liquid market in any single asset, the US Treasury market. And so if it's telling you something really bad is on the horizon, my ears are certainly perking up and listening. Try to figure out what that is, because ultimately, it'll probably be somewhere that nobody's expecting. I've been sounding the alarm about commercial real estate, may not even be in commercial real estate. I've been, in 2008, nobody was expecting residential real estate. During the dot-com bubble, maybe that was a little bit more foreseeable. But every single cycle, it's something different. But the one common denominator is that the yield curve un-inverts before we get a big recession, before the Fed cuts rates. And right now, the yield curve is un-inverting. So I don't view that as bullish broadly for risk assets, but I think there are some Bitcoin native things going on that could cushion the downside. And of course, when the other side of this comes, when the ultimate resolution, as is the case for every single recession, when the ultimate resolution is to flood the economy, flood markets with new money, then Bitcoin will be there, spot ETFs approved and all, completely ready to take all of that and to accommodate all of that new capital that will probably flow in on the other side of this thing. But yeah, that's my piece. I don't know how long that was, but open to our discussion here. And Joe, that would be the washout that a lot of us have talked about with regards to the speculation of the ETF coming online eventually, right? Yeah, when you say washout, sorry, I wasn't in the space earlier. What do you mean by that? Well, I mean, it's a conversation topic that a lot of us have speculated on for the last couple of years before the ETF conversation was even, quote unquote, legitimate. It's like, if they're going to roll out an ETF for Bitcoin, it would be expected that there's going to be some sort of market event that causes Bitcoin to crash before things get really exciting as far as bullish narratives go. Yeah, the way that all factors are lining up, I think I'd buy into that. Hey, Joe, do you feel like you mentioned trying to keep track of the signals that the market's sending and what that event might be? It feels like to me, that could be a fumble of many different types, like watching the Fed trying to navigate all this. We always talk about how there's so many holes to be plugged and there's so much shifting around. I get a lot of my information through watching what pensions do, and I'm looking at their returns in the last year, and a lot of them shifted money to equities with everything that went on with bonds. The equities outperformed what they normally did for many pensions, and in turn, they made up for significant losses in private equity, real estate, etc. It just seems, what do you think about this concept that it's just a fumble? All they have to do is make a mistake. There's many different routes that could trigger a big problem. As you mentioned with commercial real estate, there's a lot in the wings. Shoot, we just saw they're pushing now the government shut down. Of course, that's always a negotiating tool, whether that happens or not, but it always seems like it's right around the corner.
Evangelism on SermonAudio
A highlight from Session 5 Evangelism
"Another somebody item just asked me coming in said is there any, I forget his wording, but is there any problem if we happen to disagree with some of the material in the books? Absolutely not. I probably disagree with a whole lot of it. That was particularly in connection with leading the church into the 21st century by Dr. Stoll. I think there's good material in there for us to consider whether we agree with everything or not. I think it's excellent material on how there's a difference today. We don't want to let that difference make us think that we have to abandon biblical principles. There's the idea abroad today you cannot do door -to -door work anymore. I'll tell you it's a whole lot harder. It's a lot more difficult. I started a church in Aurora, Colorado in 1952, a new church, the Church of Hoffman Heights Baptist. There were 8 ,000 houses in that community. It was East Aurora. It wasn't even incorporated into the city of Aurora at the time. 8 ,000 new houses and my wife and I were able to work out a deal with a finance company that we got one of those and started a church in the living room of our house. I made it a policy to just knock on doors and I knocked on doors. I tried to hit a minimum of 50 doors a week. I didn't always make that, but I tried to do that. If I knocked on 50 doors, you know what? I would have five new people in church the next Sunday. One out of every ten, I'd get a new person in church. That was in 1952. I've knocked on a lot of doors in Tucson and I don't hit that at all. Door after door after door after door, but we do find some. We've not done a whole lot of door -to -door work. That's really going to get going now in September in a definite way. When we came to Tucson, I used the telephone. Oh, Barna's book says the telephone doesn't work like people think it does. Well, it did for us in Tucson. We used the telephone when we first came. We had nine people in the church besides my wife and me. We used the telephone, got some of the people to call, worked it out. We used it, what's that program you can purchase? Telephones, forms for you. We used that. I didn't use all of their ideas. That's New Evangelical too, but the idea was there and I used it. For week after week after week, we had four new families in our church every Sunday. I'd say that lasted for three months. Week after week after week, we had four new families. Now, we didn't keep many of them. One dose was all they could take. They came the first time and they said, this is not for us and we'll not be back. Some of them wouldn't turn in a visitor's card. Some of them wouldn't go to their door and we made all of our visits by appointment. We'd get those phone calls and we'd make our visits by appointment. When they showed up for church, we made their visits by appointment, my wife and I. There were people who said, no, you don't need to come. When we got there, they told us we were wasting our time coming. But we stayed with it and we did keep some who became the Corps. In fact, we kept some that had stayed with us the whole time. Some decided after a while this is too much for them. But you just stay at it and use every means that's right and proper. I've tried the phones again since then and they aren't working as well now since we're going. Phones for You is built on the idea of a new church getting started. It goes along with the idea of the market -driven church where you find out what the people want, which is absolutely contrary to Scripture. You don't decide what people want, you give them what they need. But it did work. By the way, I mentioned that I started a church in 1952. I have had the privilege of starting 30 churches. Most of them I did not pastor. I'd go into a town for three weeks to a month as an evangelist, rent a building, put up a tent, whatever, and preach the Word of God out of it, get a church started, get a pastor called, and move on. I'd go out in revival meetings and let my love offerings build up until I had enough money to go start a church. Then I'd spend all the money I'd saved on starting a church and be back in revival work. I did that primarily in the West, Colorado, Wyoming, Montana, New Mexico, that area, Rocky Mountain region. I did see churches started and still going for the Lord, so praise God. Some of them are not still going, but many of them are. We'd knock on doors, just knock on doors, and get people to come and get a nucleus to work with. You're not going to agree with everything in these books. Yes, sir? When you were knocking on doors for church planting, were you going soul winning or were you doing imitations to your church? The question was, was knocking on doors for church planting, was I doing soul winning or was I just getting them to come to church? When you're starting a new work like that, I made it soul winning. Now when I send our people out today from our church, it will depend on the situation. There are times when we say you knock on the door, you leave them the information, you're not there to win a soul, you're there to find out if there's any prospect possible so we can come back with a soul winning team to win them. There are other times we send them out and say, and we always say this, we ask them to cover a certain number of streets. We give them the street and how many houses are on each side of the street and how many we expect. We tell them that's their assignment for that day and we say we'd like to get this covered, but if you come to a house and it looks as though they're interested, don't go another door. You get inside the house and witness to them and endeavor to win them to Christ. But your main goal out here today is to get us contacts that we can follow up with soul winners in our regular visitation program to win them to Christ. But do use whatever opportunity you have. Do you think the day will ever come when door -to -door visitation will not be effective when other forms may be advisable or necessary or more effective? Well, the day may well come when you won't be able to do door -to -door visitation. It's getting close to that now where the apartment complex is. By the way, the question was, I'm sorry I didn't repeat it. The question was, do I think the day will ever come when we'll find that door -to -door visitation is not effective and we'll need to go other routes. I think we ought to use other routes now, but I do not believe we ought to do what a lot of fellows are saying, and that is abandon door -to -door visitation. I believe we need to stay at it and we're still having people saved. It isn't as easy as it was in 1952, I'll admit that, but I don't believe we ought to give it up.
The Crossover NBA Show with Chris Mannix
A highlight from Player Participation Policy & Team's We're Bullish On
"It's the Crossover Sports Illustrated NBA Show. Breaking down the latest news, rumors, and everything in between. Here's your hosts, Chris Mannix, Rohan Nadkadi, and Chris Arrington. This is the Crossover NBA Podcast. I'm Chris Mannix, joined for the first time in what feels like a long time my two colleagues over at Sports Illustrated, Chris Herring and Rohan Nadkadi. Guys, good to be back with you with the, what, three weeks, I guess, before official media days. I saw some postings, Rohan, as you shake your head. I saw some postings about media days being October 2nd. I guess that's the go -to day for most of the NBA teams, but we're inching right up on it. I just can't believe we're here. It feels like the season just ended. I'm excited. I just, I'm not mentally prepared for this. I can sense the excitement in your voice. I can say it's palatable. I can sense that excitement in your voice. All right, so on this episode, guys, I want to talk about, you know, teams that we're bullish on and teams that we might be a little bit bearish on. We're each going to pick a team that we're high on and we'll pick a team that we're low on. Before we get to that, though, we're recording this shortly after Adam Silver's post -board of governors media availability. And this media availability, the biggest storyline to come out of it was the NBA board of governors. They approved a new player participation policy, which is really a continuation in the NBA's war on load management and to a broader extent, their war on tanking. And a couple of the highlights of this new player participation policy, the policy is managed. It's rock teams have to manage their rosters to ensure that no more than one star player is unavailable for the same game. Ensure that star players are available for all national television and NBA in -season tournament games. Another new wrinkle to the NBA calendar and maintain a balance to the number of one game absences for a star player in home and road games. Basically, this combined with the minimum threshold for a number in terms of number of games played for stars to be eligible for postseason awards. This is just another lever Chris Erring that the NBA is pulling to make sure that do whatever they can to make sure that players are as available as often as possible. How do you feel about the player participation policy, which is now permanently part of the NBA rules? Look, I think it goes a little bit further than I would have gone with it, frankly. I mean, I remember when the Spurs were, you know, doing this and sitting entire, you know, half their roster out, but it was the Spurs and there's a part of me that feels like they know what's best for them as far as their rest. Sometimes they have a lot of old players on their team just because of the sorts of guys that, you know, tend to gel with the way Popovic coaches them. If you want to do that and you have the ability to do it and still pace your team the way you want to, so be it. That's the point of the league. I understand that there's a money factor to it and everything else. And I understand the disappointment that fans feel. I've been in that boat where I've gone to games or taken my nephew to a game and somebody sitting out and it is frustrating. And I can only imagine how frustrating it is for people that only get to go to one game every few years or something like that. But it's also kind of the risk you run with a sport that relies on people's health. And so I am interested to see how it's going to work when you have guys that have stuff that they're trying to manage. The Clippers are always an interesting team like that where people have complained about the way they do stuff for years, but they also have a guy that is chronically injured. And so I'm curious to see how it will play and how it will actually look. But there's a part of me that feels like the real fix to this is just either shortening the season or lengthening the season and allowing the 82 games to be played over a longer span of time. I don't really love the idea that you're going to tell teams that they can't sit out, even multiple guys, if they want to or if they frankly feel like they need to, if there's data that's telling them that that is what would serve their team the best.
The Bitboy Crypto Podcast
A highlight from New NFT Strategy EXPOSED Last Night!?
"As a contractor, I choose Hardee fiber cement because I've seen it outperform wood -based siding and other hard siding materials. The high -quality craftsmanship translates into beautiful and durable results that leave our customers at G -Fidel extremely satisfied. Using Hardee siding has significantly reduced my callbacks and warranty claims too. At James Hardee, we're here to support you. From training materials to resources that can help you generate a greater profit. Learn more about growing your business with us at jameshardee .com slash build. Hey, guys. I got some breaking news for the NFL and crypto fans out there. There's some ways to make more money with crypto if you're a fan of fantasy football in the NFL like a lot of you probably are. Now, guys, unless you're under a rock, you've heard of fantasy football. Well, there's a crypto aspect to fantasy football, and that's draft kings. Draft kings have NFTs of every single player that you could draft. So if you play fantasy football and you see that random wide receiver, that random running back, you can draft that as an NFT. Well, there's a big, big injury that happened on Sunday. You maybe saw Aaron Rodgers. He got a career -ending injury, potentially career -ending. It's definitely season -ending. It's a bad Achilles heel injury, and he is out. Well, where's the crypto opportunity in that? Well, NFTs of Zach Wilson. Zach Wilson was the backup player for the Green Bay Packers. NFTs of Zach Wilson shot up from $69 all the way up to $555. Okay, that is an 8x. That's almost a 900 % gain right there. Sorry. No, it's 700%. That's almost a 700 % gain right there, folks. All right. Thank you, editor, for bearing with me here. Now, that NFT was for the elite version, and there's only 30 copies of those. So the less supply there is, the more value that these NFTs are going to have. So you don't want to go for the common or the uncommon if you're trying to flip NFTs. A lot of times, you just want to go for the rare for that hot, for that holy grail of the NFTs there. Now, what is the next opportunity, guys? Now, this was a huge, huge gain, okay? Going from $69, which is a pretty nice price, all the way up to $550, that's people would go crazy. A Wall Street guru, the world's best Wall Street trader, would go nuts for those types of returns. Well, guys, I think these returns can be had regularly, okay? Now, it might not always be a marquee player like, you know, Aaron Rodgers is in the backup, but sometimes, you know, running backs get injured all the time. Wide receivers get injured all the time. Other quarterbacks, there's, you know, almost 30 other quarterbacks that are, you know, worth their salt there. There's going to be tons of opportunities. Say your fantasy football team is doing terrible. You're horrible. You're in last place. You know you're not going to get in the playoffs. It's three weeks in, and you basically want to throw in the towel. Well, don't give up because there's a lot of opportunity with this DraftKings angle. All you have to do is just watch Sunday. Be the first one or two people to buy the NFT of that soon -to -be upgraded bench warmer, okay? Maybe it's a running back. Maybe it's a quarterback. Maybe it's a wide receiver. You don't know who's it going to be because we don't know who's going to get injured. There's going to be a lot of people maybe watching behind. There's going to be people FOMOing in later. There's going to be people maybe buying it an hour later. I want you to be watching the game, and I want you buying that NFT within seconds. Now, if you have a knowledge about football and you have a knowledge about crypto, this is a unique opportunity for you because not everyone is going to have your knowledge. Not everyone has your years of training being that armchair quarterback. You know, watching this channel, discovering crypto, figuring out how to get this wallet, figuring out what do you mean NFT marketplace, knowing what that means, knowing what your seed phrase is, having it written down, having all these things safe and having a roster of NFL NFTs that you can capitalize off of as there's going to be a lot of opportunity here. Sixteen weeks left, right? Seventeen weeks in the season. We got a lot of weeks left in the season. That's a lot of weeks of injuries. That's a lot of weeks of buying NFTs. And, guys, it's not just Sunday. We got Monday. We got Thursday. I think even Saturday night sometimes, so there's going to be opportunity. So if you're a football fan, turn it into an opportunity, a money -making opportunity. I'm not saying, you know, you're going to get paid 100 bucks an hour to watch football, but some people literally were paid hundreds of dollars an hour to watch football. Those that bought that Zach Wilson NFT and those that sold into the profit because that's going to be the key as well is spiked all the way up to 550 bucks. Guess what? Zach Wilson's NFT is now down. It's, I think, under 300. So you sell into the hype. You get in. You get out. There's a lot of opportunity to be made here, folks. I'm trying to give you financial freedom. So if you watch some football, you like NFTs, this is a great opportunity for you. That's all I got. DZ out. Let's discover crypto together, baby. You've been dreaming about the dress. Come find the one at David's Bridal. The most glamorous designer wedding gowns are now 15 % off. Bridesmaid dresses that fit beautifully start around $99. Whether you need a veil, jewelry, shoes, or even lingerie and shapewear, it's all at David's Bridal. Take 20 % off outfit making accessories for a limited time. Stop by your local David's Bridal store or shop David's Bridal .com today. Terms and conditions apply. As a contractor, I choose hardy fiber cement because I've seen it outperform wood -based siding and other hard siding materials. The high quality craftsmanship translates into beautiful and durable results that leave our customers at G -Fidel extremely satisfied. Using hardy siding has significantly reduced my callbacks and warranty claims too. At James Hardy, we're here to support you from training materials to resources that can help you generate a greater profit. Learn more about growing your business with us at JamesHardy .com. This episode is brought to you by Starfield. Embark on an epic journey through the stars in Bethesda Game Studios' first new universe in over 25 years. In this next generation role -playing game, you decide who you are and what you will become. The most important story is the one that you tell. Captain your own ship as you venture through the settled systems, exploring over 1 ,000 planets while unraveling humanity's greatest mystery for all into the Rated M for Mature.
Bloomberg Radio New York - Recording Feed
Monitor Show 23:00 09-13-2023 23:00
"Interactive brokers clients earn up to USD 4 .83 % on their uninvested instantly available cash balances rate subject to change. Visit IBKR dot com slash interest rates to learn more. They have these two justices and the new term begins in less than three weeks, so we shall see. Thanks so much, David. That's Professor David Super of Georgetown Law School. And that's it for this edition of the Bloomberg Law Show. I'm June Grosso and you're listening to Bloomberg. More than 5000 people are presumed dead in Libya after catastrophic flooding hit the North African country in recent days. Officials said Tuesday that another 10000 are believed to be missing. Torrential rain caused two dams to burst, sweeping away entire neighborhoods and destroying homes. A student is in custody after a shooting at a Louisiana high school that killed one person and injured two others. Officials say the unidentified student opened fire at St. Helena College and Career Academy in the town of Greensburg Tuesday afternoon. New York City Mayor Eric Adams has some choice words for the governor of Texas, calling him a madman for his illegal immigrant busing plan. That's not phasing Governor Greg Abbott. Well, the mayor may have made it to be mayor of New York, but he could not last a week in Texas. He says that Mayor Adams and other Democratic leaders are the madmen for their sanctuary city policies that have attracted a record number of illegal immigrants to our borders. More than 13000 asylum seekers have been sent from Texas to the Big Apple since the busing program began. An FDA advisory panel says a decongestant found in popular over -the -counter cold medicine...
The Breakdown
A highlight from Ripple's Fortress Acquisition Shows the Brittleness of Crypto Infrastructure
"Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Tuesday, September 12th, and today we are talking about all of this dust up with fortress and the Ripple acquisition and what it means and who you should be mad at. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. All right, friends. Well, today we are talking about one of the biggest discussion points for the last week or so on Twitter, which has been the issues surrounding fortress trust. Let's begin our particular slice of the story on Friday when Ripple announced that they had acquired fortress trust. Now, the deal was pitched as an expansion of Ripple's regulated crypto offering as they built out a vertically integrated blockchain services product suite. And Monica Long, the president of Ripple, said in a statement, licenses are a powerful enabler to build and deliver best in class customer experiences for enterprises using Ripple's crypto infrastructure across our payments and liquidity solutions, which she was referring to as the fact that fortress trust holds a Nevada state trust license, which allows it to custody crypto and act as a financial intermediary with the traditional financial system. This would add then to Ripple's existing strategy of accumulating licenses. Between Ripple and its subsidiaries, the corporate group now holds 30 state money transmitter licenses, a New York state bit license and a major payment institution license from the Monetary Authority of Singapore. So commentary over the weekend on this fell into two camps. On the one hand, this could have simply been Ripple buying a company to add a custody service to its one stop shop approach to crypto. On the other hand, many viewed this as a quiet bailout of fortress. And indeed, the Friday acquisition announcement was slightly strange in tone. Executives asserted that fortress could add a key piece to Ripple's vertically integrated crypto offering. However, the deal announcement was a little bit out of sync with previous announcements from Ripple. Specifically, the acquisition valuation was not mentioned, which was out of character for Ripple who had brashly announced a 250 million dollar deal to acquire crypto custodian Medeco in May. And of course, we have to put it in the context into which it happened. Fortress itself was already viewed with skepticism. The licensed crypto custodian had been founded by former prime trust CEO Scott Purcell in December of 2021. Purcell had left prime trust in January of that year. That was around the same time that prime trust mishandled wallet storing customer funds, leading to an 83 million dollar shortfall. Several key executives left prime trust to follow Purcell into his new venture. The firm was also aggressive in hiring former banking regulators to their team. The rift between companies was so acrimonious that there were even allegations of IP theft in taking software systems built at prime trust across to fortress. In June of this year, the shortfall in customer funds at prime trust came to light. Around this, the company was first placed into receivership by the Nevada regulator and later declared bankruptcy. Now prior to prime trust acknowledging their insolvency, numerous high profile customers fled for other custodians. It was already widely suspected that prime trust was insolvent at the time. The most impactful departure from prime trust was swan bitcoin. In June, swan announced that they would be transferring all customer funds held in custody to fortress. The transfer took over a week and involved a shutdown of automated transactions with swan. To many, it felt like an emergency operation more than a normal business decision, although throughout the process, swan executives assured customers that funds were safe. So this is where we were over the weekend. Lots of speculation, lots of questions around fortress, lots of questions around ripple. And on Monday, new information came to light around the circumstances surrounding the fortress acquisition. The day before the acquisition, my birthday, September 7th, fortress had posted a disclosure about a security incident which they tried to make seem relatively innocuous. On that day, they tweeted, Thankfully, there is no breach within fortress technology or systems, impacted accounts were fully restored. And most importantly, of course, there is no loss of funds. We immediately terminated the vendor integration and out of an abundance of caution paused all accounts to assess and ensure system wide security. We are taking all necessary measures to make sure the vendor is held accountable. Although this has been resolved, transparency and security are of the utmost important to us and our customers. We also have some big company news we are excited to share later this week. Now, Ryan Weeks, a reporter at the block received a tip that the incident had been far more impactful than it was made out to be. Indeed, he was told that 450 Bitcoin worth around 11 .3 million had been stolen from fortress trust, although that specific amount has been unable to be verified. What has been verified is that the ripple deal was much more of a bailout of fortress than it initially seemed. A ripple spokesperson said, Conversations accelerated last week following the security incident via a third party analytics vendor, but this opportunity makes sense for Ripple in the long term. Luckily, Ripple was in a position to act quickly to step in and make customers whole, and there have been no breaches to fortress technology or systems. Fortress notified customers immediately of the incident when it happened, as they mentioned in their tweets. Now, for those of you eagle eyed observers out there, or I guess eagle eared as the case may be, owl eared, whatever, you'll notice that fortress's Thursday statement said, This technically is consistent with Ripple swooping in to make customers whole, but also somewhat misleading if in fact Ripple had had to bail fortress out to make those customers whole, but also somewhat misleading if ripple indeed had to come in to make sure that those customers didn't actually lose their funds. Now what was also made clear on Monday is that the ripple deal is still pending regulatory and due diligence approvals. Given that we already saw the Bitco acquisition of prime trust fall apart during the due diligence process earlier this year, there is certainly no guarantee that it actually goes through. Now, of course, as you've already heard, there are numerous other companies tangled up in this mess. Swan Bitcoin is, of course, one of fortress's most well known customers. They have been in an absolute narrative battle and have claimed throughout that they were completely unaffected by the issue and the client funds remain safe. The other companies impacted are the custodian services subcontracted by fortress. Their role in the industry is mainly as the holder of a relevant trust license rather than as a tech provider. We know, for example, that hot wallet services are provided by fire blocks, while cold storage is provided by Bitco. And indeed, with the behind the scenes detail now made public, Bitco CEO Mike Belshi wrote a Twitter thread outlining his disappointment with how the entire debacle was handled. On Monday, Mike wrote, they are still at risk and whether Bitco was somehow involved. Spoiler alert, we were not. When fortress lost funds, they chose to omit facts about what happened, downplay the event and conclude, quote, most importantly, no funds were lost. Obviously, we now know this was not true. I guess what they meant to say is we believe we fixed the problem and we have taken steps to make sure clients are made whole. But those two statements are not even close to being the same. Ripple has done the right thing and disclosed that a breach did occur. But fortress still has not made a real statement about what actually happened. So, summarizing what is publicly known, along with what we know from Bitco, one, fortress suffered a breach through some third party integration, not Bitco, two, via fortress's platform and some third party integration, the attacker was able to drain funds from fortress's hot wallet system, three, fortress used fire blocks for its hot wallet system, four, fortress noticed the failure and says they have fixed the problem with the third party, five, although fortress did use Bitco to custody some of its Bitcoin and digital assets, Bitco was not affected. None of the fortress assets held at Bitco were at risk from this third party integration or taken. After the breach, fortress reached out to Bitco. Bitco strongly advised fortress to disclose what happened immediately. Fortress did not do that. Eventually fortress decided to sell to Ripple. This is a great outcome because Ripple was able to make all clients whole and will hopefully help fortress with resources to correct the security weaknesses which led to this event. Ripple is a good actor here and should be applauded. The real victims here are fortress's clients who deserve enough respect to get the whole truth. They are not to be blamed. The whole situation is exactly why we need decentralization. We can't continue to be dependent on the honesty of custodians, bankers or trusted third parties acting with integrity when bad things happen. Bad things will happen and most humans don't have enough courage to be honest through it. So there are a lot of things that people are upset about here. One of the biggest strands of conversation has been around Swan. On September 11th, the company tweeted, Swan client coins are in insured cold wallets at Bitco and did not move during the reported incident at fortress. The coins are protected by video calls and physical access and are not subject to any incidents at fortress. Swan set up this agreement with fortress to use Bitco as a cold storage sub -custodian precisely to prevent such a scenario. Swan has direct on -chain visibility to funds at Bitco. When someone asked what kind of insurance Swan was referring to, Corey Clifton the CEO said, It's $250 million per wallet, with no wallet holding more than $250 million, provided by Lloyd's of London. It's the best setup we've seen. As always, take self -custody if you're willing and able. Now, responding to the critique in general of Swan being associated with these companies, which now have a less -than -stellar record handling customer assets and are now owned by a company that is anathema to many Bitcoiners, Corey wrote, Separation of brokerage and custody is the model for traditional assets for good reason, and there's a good probability it becomes law for digital assets in the U .S. I am not a fan of the trust -me -bro model of brokerage and custody under the same roof, like Mt. Gox and FTX. The goal is to have no single company able to unilaterally move user funds. We very intentionally set up Fortress and BitGo with that model. Now, I understand the narrative frustration here, but at the end of the day, the reason that Swan had to work with these companies is that there just wasn't anyone else. This is why as much as some Bitcoiners are worried about the entrance of traditional financial actors into the space, many others view it as necessary to just have more market options for crypto -native brokerage companies like Swan to actually work with. Anyways, the whole thing is a mess, reflective of how bad the infrastructure is for crypto and Bitcoin right now in the U .S., and a reminder of just how challenging digital assets are, even for companies that have big history in the space. The one other big story from yesterday that I want to cover was the FTX creditor update. The FTX bankruptcy team reports that they have marshaled around $7 billion in assets. Using updated valuations from the end of August, the estate holds $3 .4 billion in major crypto tokens. This includes $560 million in Bitcoin, $192 million in ETH, and $1 .1 billion in Solana. Now, of that, it appears that only $137 million worth of Solana is listed as vesting, meaning a much larger portion of the tokens may be eligible for sale than previously thought. The non -crypto assets include 38 properties in the Bahamas worth around $200 million, as well as $529 million worth of securities primarily made up of grayscale Bitcoin trust shares, $2 .6 billion in cash, and $4 .5 billion in venture investments, although no current valuation of those investments was provided. The firm's liabilities show $65 billion in non -customer claims. That figure is massively inflated by a $43 .5 billion claim from the IRS, which is presumed to be subordinated to customer claims. The IRS generally submits the largest possible tax claim during bankruptcy proceedings, but often negotiates down significantly or differs entirely to a creditor distribution. Of the remaining liabilities, a $9 .2 billion claim from FTX Digital Markets is assumed to be invalid or redundant, which leaves $4 .1 billion claim by Genesis and $2 billion claim by Celsius as the major non -customer claims to deal with. So far, a little over 36 ,000 customers have filed claims totaling $16 billion. Of the claims that have been scheduled so far, around 10 % of customers have agreed to their scheduled claims, while 18 % have disputed their claims and 72 % have yet to respond with either an agreement or a dispute. Now, easily the most discussed part of the news dealt with the firm's clawback strategy. Transactions done within a 90 -day window of the bankruptcy filing can be eligible for a clawback, but in practice, not all claims are pursued. The estate has successfully pursued $588 million in claims so far, and they identify an additional $16 .6 billion in clawbacks that could be pursued. The estate is currently considering how to deal with customer clawbacks where users withdrew from the exchange close to the bankruptcy being filed. Several options being looked at included the full 90 -day window for clawbacks as well as a shorter 15 -day window which captures the major public news surrounding the FTX collapse. Travis Kling tweeted about this saying, This brings up a big question of executability. How feasible is it for the estate to go sue people in every corner of earth? This is a really surprising turn in this deal. Everyone was thinking this outcome was quite unlikely the entire time. If the estate ends up doing what it looks like they want to, it will change the nature of this bankruptcy process. We'll learn more at the 9 -13 hearing. Indeed, the estate is due in court tomorrow Wednesday for an omnibus hearing which will cover numerous aspects of the case including the potential liquidation of crypto holdings as well. You might remember that three weeks ago FTX asked for permission to appoint Galaxy Digital as a selling agent. Selling would initially have a limit of $100 million per week which could increase to $200 million if creditors agree. The market has obviously begun to price in significant fear of this FTX liquidation. Sunday for example saw a liquidity breakdown in Solana as rumors of imminent dumping spread. And yet many think that the market is overreacting. Jeff Dorman, the CIO at ARCA said, The way crypto market makers and traders are front -running the FTX supply shows a complete misunderstanding of how a syndicated sale process works. This isn't an every -man -for -himself VC unlock. This is a court -ordered process that Galaxy will sell very slowly and opportunistically. Lastly, the potential reboot of the exchange remains a possibility. According to the report, 75 bidders have been contacted. The report stated that Proposals are being evaluated. Transaction timing will depend on nature of transactions, readiness of bidder, and other considerations. So, friends, if there are currently two archetypes of breakdown episodes, with one being legal battles that are increasingly poking towards a positive direction for this industry, and the other being cleanup from the excesses of years past, this unfortunately was one of the latter. But, as they say, the only way out is through, and so until next time, be safe and take care of each other. Peace.
Evangelism on SermonAudio
A highlight from Session 20 Evangelism
"Let's see, I was into the preparation for this class really heavy the last three weeks. On Friday, a week ago last Friday, I said, boy now this day's got to count. And I got up at 4 .30 and had devotions and was in my study at 5 .30 and I was in my study at home and the doorbell rang and there stood a weeping lady and her husband had beaten her up during the night and I was shocked. I didn't dream there was anything wrong in that home. I mean she was beaten up and so my Friday was gone and I said this is the day I got to make count and that's the way it is in the ministry and I'm not telling you guys anything. You know what I'm talking about and so I'm not doing it now, often I have, right now at this time I'm not doing it. I usually get up on Monday morning, in Denver I'd get up on Monday morning at 4 o 'clock and draw up my schedule for the week, what I was going to do every half hour during the week and plan it out. I always found the week was too short to get everything done but when I did that I'd outline then it and I'd wonder how long that outline was going to be. By 9 o 'clock in the morning it was blown out the window.
Timothy Keller Sermons Podcast by Gospel in Life
A highlight from Marriage as Priority and Friendship
"Welcome to Gospel in Life. The power of marriage is that it is a reflection of the gospel. Today, Tim Keller explores how marriage can help us more deeply understand Christ's love for us, and how Christ's love for us can completely transform our marriages. Okay, Ephesians 5. Starting somewhere in August, I guess, about three weeks ago, this is the fourth week, obviously, we're looking at this passage in Ephesians 5. We're looking at verses 22 to 32, which is really maybe the classic text in the whole Bible on marriage. And we're spending about six to eight weeks looking at the subject, and let's proceed. Let me read it again to you. Starting at verse 21. Submit to one another out of reverence for Christ. Wives, submit to your husbands as to the Lord, for the husband is head of the wife as Christ is the head of the church, his body, of which he is the Savior. Now as the church submits to Christ, so also wives should submit to their husbands in everything. Husbands, love your wives just as Christ loved the church and gave himself up for her, to make her holy, cleansing her by the washing with water through the word, and to present her to himself as a radiant church, without stain or wrinkle or any other blemish, but holy and blameless. In the same way, husbands ought to love their wives as their own bodies. He who loves his wife loves himself. After all, no one ever hated his own body, but he feeds and cares for it just as Christ does the church, for we are members of his body. For this reason, a man will leave his father and mother and be united to his wife, and the two will become one flesh. This is a profound mystery, but I am talking about Christ and the church. However, each one of you also must love his wife, as he loves himself, and the wife must respect her husband. This is God's word. Now, I always must do a little recapping, but a little bit less each week. Marriage is something that the people talk about in the church all the time, but I must admit, I'm tired of listening to sentimental, slurpy talks on marriage during weddings and in the church and in Sunday school and in sermons. They are slurpy. They are sentimental. They have about as much depth and reality to them as a Hallmark card. The fact is that marriage is many things. In fact, it's everything except slurpy and sentimental. Marriage is glorious. It's all a burning strength and joy. And marriage is hard. It's blood and it's sweat and it's tears and it's defeats and it's victories. It's almost everything except sweet. In fact, many a night, married people go to bed and as they're falling asleep after a hard day of marriage, about the only part of this passage, this passage on marriage that they can remember is the verse that goes, this is a profound mystery. And let's, so we're going to go and see that the Bible's view of marriage is completely realistic. It's great. It's terrible. It's glorious. It's blood, sweat and tears. It is not sweet. Now, what we've looked at so far are three headings in this passage. First one was the power of marriage. We saw that was in verse 21. Just the quickest reminder and yet in some ways the scariest and most profound thing that this passage says is this passage on marriage is built on the previous verses on being filled with the Spirit. Paul is assuming that there is in your life a Spirit created unselfishness. The result of being filled with the Spirit in verses 18 and following is verse 21, submit yourselves to one another out of reverence for Christ because there's reverence for Christ because you have awe and fear and trembling before the greatness of his gospel that he has saved you, that he's died for you. When you take the gospel into your heart every day so that it becomes a reality, that's what we mean by being filled with the Spirit and that creates an unselfishness, a willingness and ability to serve one another, to give up your rights, to put the needs of the other person first. We talked about that but the first principle that we looked at at great length which we just remind you of now is the main problem in marriages is self -centeredness. The main disease that eats away marriages is self -centeredness. All other problems are derivative or secondary to that. It's selfishness. And only the Spirit of God can get rid of that. And there are people who have relatively decent marriages without the spirits created unselfishness but they're really more like, it's a little bit more like peaceful coexistence. You scratch my back, I'll scratch yours. You stay away from that area and I'll stay away from that. This assumes the power of marriage is the gospel creating a spirit of unselfishness. Self -centeredness is the main problem. If you're married, it's the main problem in your marriage. If you're not married, it will be the main problem if you ever get married. If you're divorced, it probably was the main problem in the marriage that you left. And I think that any kind of reasonable and fair -minded analysis will see that. Number two, the definition of marriage was cleaving. We looked at that a couple of weeks ago. But it's always a helpful thing to remind people, not only the married people but especially the singles. I think a couple of weeks ago, I tried to show you, I said, if there's so many single people here in the evening, why should you speak on marriage? And the answer is, you don't know how to go about deciding whether to be married or who to be married to unless you know what the heck marriage is. You know, Jesus says, before a man goes and builds a tower, he counts the cost. He knows what it costs. Before a king goes off to war, he counts the cost. He knows what it will entail. You can't go off to war until you know what it means and what it entails and so on. You can't even make a decision about being married unless you understand something about what Bible says marriage is. And here's one of them. The definition of a marriage, we said, is a covenant. It's a public promise or, remember this? This is something worth remembering. The essence of a marriage is a permanent and exclusive legal commitment to share your entire life with someone else.
Evangelism on SermonAudio
A highlight from 1 Thessalonians 2:1-6: Witnesses
"We spot deep souls in endless rest, ye patriarchs and prophets blest. Allelu, allelu, allelu, allelu. Ye holy twirl, ye martyrs call, all saints triumphant praise the song. Alleluia, alleluia, alleluia, alleluia, alleluia. Well good morning church. We're continuing in our study of 1 Thessalonians and this morning we're in the second chapter. I'd invite you to turn there with me. We'll be looking at verses 1 through 6, 1 Thessalonians chapter 2 verses 1 through 6. And if you have found your way there would you join me as we stand together for the reading of God's holy, inerrant and infallible word. The Apostle Paul writing to the Thessalonians says this. For you yourselves know brethren that our coming to you is not in vain. But after we had already suffered and had been mistreated in Philippi as you know, we had the boldness in our God to speak to you the gospel of God amid much opposition. For our exhortation does not come from error or impurity or by the way of deceit, but just as we have been approved by God to be entrusted with the gospel, so we speak. Not as pleasing men but God who examines our hearts. For we never came with flattering words as you know, nor with a pretext for greed God has witnessed. Nor did we seek glory from men, neither from you or from others, even though as apostles of Christ we might have asserted our authority. But rather we proved to be gentle among you, as a nursing mother tenderly cares for her own children. Let's pray. Our God and our Father this morning we pause to give you praise, honor and glory. And as we have spoken to you through our prayers and confessions and our songs, now we pause to allow you to speak to us through your word and your spirit. We pray Father that this morning you would help us to grasp this incredible charge that we find in this text. We pray Lord that you would open our eyes and make our hearts tender and sensitive to your word. That as in Jesus' parable, your spirit would remove from our heart that field, all its thorns and thistles, all its hardness, all its rocks, that our hearts might become good soil, able to receive the seed which is the word of God that it might bear fruit in all of us. We do pray for the one who preaches, as sins are many, as are all of ours. We pray Father that you would conquer, defeat, forgive and remove sin in this moment, that we might do business with you. We commit ourselves to you and we ask again that we might not just be challenged this morning but change, not just confronted by your word but conformed to the image of Christ who is our Savior. And in Jesus' name we pray and all God's people said, amen. You may be seated. I've titled this message, Witnesses. Witnesses. And I will issue a warning. This is one of those messages that no one wants to hear but everyone needs to hear. Witnesses. I've learned something, maybe a thing or two in all these years of ministering and walking with Christ and that is that I know for sure that until you crown Jesus Christ as the Lord of your life, you have never experienced Christianity. And what I mean by that is it's more than knowing Jesus as your Savior, professing Him as your Savior, as being your comforter, your guide, your teacher, all those great wonderful truths. It's not until you bow the knee of your heart and surrender to Him that you experience Christianity. Until you make Him, here it is, the Lord of your life. Until you confess Jesus Christ as Lord. Lord. Because He is nothing less. He offers Himself to all of us as nothing less than Lord. Surrendering to Jesus is Christianity. Relinquishing yourself to Him is true, genuine Christianity. So many people will kind of come in contact with Christianity, maybe even profess Christ, but never bowing their knee to Christ can leave all of that, concluding that Christianity isn't real and it doesn't work. It is not until we crown Him Lord of our lives that we experience Christianity. So again, the title is Witnesses, not a message that any of us will probably want to hear, but one that everyone needs to hear. Last week we introduced 1 Thessalonians in chapter 1. This morning we're looking at chapter 2. And in our text that we just read, Paul is writing to the Thessalonian church and he's reminding them about his history with them. That short period of time when he came there with his colleagues and engaged in evangelistic work there. And through that evangelistic work, this church, Thessalonica Church, was born. This church to whom he is writing. In academic circles, much is debated over these verses. Questions like, is Paul defending himself against critics in Thessalonica? Is Paul simply just upholding the integrity of his apostleship that he is indeed an apostle? Or is he vindicating his motives to these people? To all of these things, I believe in my opinion, they are all clearly the situation to which Paul is speaking. Now remember that Paul and his companions came to Thessalonica. They were only there for three weeks. They had to flee the city for their lives. And thus far, Paul's circumstances have prevented him from returning there. Thus, Paul's opponents have used these things against him. They say his short time in Thessalonica, they use that to charge Paul with not really caring about them. His sustained absence from Thessalonica, again another indication that Paul really doesn't care about them. And so they charge him with simply having used the church and now they are the last thing on his mind. It's amazing how Satan attacks the father of laws. But the truth is, notice verse one and two with me again, For you yourselves know, brethren, that our coming to you is not in vain. But after we had already suffered and been mistreated in Philippi, as you know, nonetheless, we had the boldness in our God to come to you, to speak to you, the Gospel amid much opposition. Paul and his companions came to Thessalonica and brought the Gospel to these people, people he had never met, didn't know. And they did so immediately after their time in Philippi, where Paul and his companions had been arrested, they had been dragged before a mob, they had been attacked, they had been beaten with rods, they had been imprisoned. And when God delivered them from Philippi, these bruised and battered men returned to the ancient road, the Via and Ignatia, turned south and come to the next city, Thessalonica. Clearly, these men are Gospel men. Gospel men. Men who have given themselves to the high call of proclaiming the Gospel. Whatever price, whatever threat, whatever distance, whatever challenge, whatever cost, Gospel men committed to declare the Gospel to as many people as possible. That is the author of this book. Now, once again, look at verse one. For you yourselves know, brethren, that our coming to you was not in vain. He talks about having already suffered much. He talks about sharing the Gospel in Thessalonica amidst much opposition. And Paul says, despite all of that, when we arrived in Thessalonica and shared the Gospel, it wasn't in vain. There is no exaggeration for Paul. You know, so many times we hear, I've heard pastors, ministers exaggerate their ministry, their work, their church, and all that. Not for Paul. He didn't say, listen, we came and it was a rip -roaring success, some giant, magnificent triumph. No, it simply wasn't in vain. The result was a few believers believed on Christ as Lord and Savior, a small church was born, and somehow Paul and his companions survived yet another life -threatening situation. Not a rip -roaring success, not a great triumph, but nonetheless, not in vain. And here's the main point, that while Paul is defending himself, his motives, and so forth, he is also simultaneously in our text explaining how it is, listen, how it is that God is advancing the Gospel through him. Paul is interweaving in his own apologetic, defense of himself, an example that is to be followed. How God used him to bring the Gospel to people, as an example to people also to take the Gospel to others. An evangelistic example, an example for all of us, an example for the church, an example for missions. How did God, how was God advancing the Gospel? And Paul uses his own life as exactly that. Now I know this is the case, if you'll just keep your finger there, look at verse 2 of 1 Thessalonians, I think it is chapter 1, I probably wrote this down wrong, but look at chapter 1, where Paul says, We give thanks to God always for all of you, making mention of you in our prayers, constantly bearing in mind your work of faith, labor of love, steadfastness of hope, in our Lord Jesus Christ and the presence of God our Father, knowing brethren beloved of God, his choice of you, for our Gospel did not come to you in word only, but also, listen, in power and in the Holy Spirit, producing full conviction, just as you know what kind of men we proved to be among you for your sake. Verse 6, careful, you also became imitators of us and of the Lord, having received the word and much tribulation with joy of the Holy Spirit, so that you became here as an example to all believers in Macedonia and Acacia, for the word of the Lord has sounded forth from you, not only in Macedonia and Acacia, but also in every place your faith towards God has gone forth, so we have no need to say anything. Paul is saying, I came to you with the Gospel, and you were believers, and believers came forth, and not only that, but we became an example to those believers, and now those believers have gone to others with the Gospel, and it's multiplying. That's Paul's point in this text.
Discerning Hearts - Catholic Podcasts
A highlight from Monday of the Twenty-Third Week in Ordinary Time A Time of Lectio Divina for the Discerning Heart Podcast
"A time of Lectio Divina for the discerning heart. Monday of the 23rd week in ordinary time. As you begin, take a deep breath and exhale slowly. For the next few moments, surrender all the cares and concerns of this day to the Lord. Say slowly from your heart, Jesus, I trust in you. You take over. Become aware that he is with you, looking upon you with love, wanting to be heard deep within your heart. A reading from the Holy Gospel according to Luke, Chapter 6, verses 6 through 11. On the Sabbath, Jesus went into the synagogue and began to teach, and a man was there whose right hand was withered. The scribes and the Pharisees were watching him to see if he would cure a man on the Sabbath, hoping to find something to use against him. But he knew their thoughts, and he said to the man with the withered hand, stand up, come out into the middle. And he came out and stood there. Then Jesus said to them, I put it to you, is it against the law on the Sabbath to do good or to do evil, to save a life or to destroy it? Then he looked around at them all and said to the man, stretch out your hand. He did so, and his hand was better. But they were furious and began to discuss the best way of dealing with Jesus. What word made this passage come alive for you? What did you sense the Lord saying to you? Once more, give the Lord an opportunity to speak to you. On the Sabbath, Jesus went into the synagogue and began to teach, and a man was there whose right hand was withered. The scribes and the Pharisees were watching him to see if he would cure a man on the Sabbath, hoping to find something to use against him. But he knew their thoughts, and he said to the man with the withered hand, stand up, come out into the middle. And he came out and stood there. Then Jesus said to them, I put it to you, is it against the law on the Sabbath to do good or to do evil, to save life or to destroy it? Then he looked round at them all and said to the man, stretch out your hand. He did so, and his hand was better. But they were furious, and began to discuss the best way of dealing with Jesus. What did your heart feel as you listened? What did you sense the Lord saying to you? Once more, through him, with him, and in him, listen to the word. On the Sabbath, Jesus went into the synagogue and began to teach, and a man was there whose right hand was withered. The scribes and the Pharisees were watching him to see if he would cure a man on the Sabbath, hoping to find something to use against him. But he knew their thoughts, and he said to the man with the withered hand, stand up, come out into the middle. And he said to the man with the withered hand, stand up, come out into the middle. And he came out and stood there. Then Jesus said to them, I put it to you, is it against the law on the Sabbath to do good, or to do evil, to save a life, or to destroy it? Then he looked round at them all and said to the man, stretch out your hand. He did so, and his hand was better. But they were furious, and began to discuss the best way of dealing with Jesus. What touched your heart in this time of prayer? What did your heart feel as you prayed? What do you hope to carry with you from this time with the Lord? Let us now close with a prayer to the Father that Jesus gave us. Our Father, who art in heaven, hallowed be thy name. Thy kingdom come, thy will be done, on earth as it is in heaven. Give us this day our daily bread, and forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but deliver us from evil. Amen. us And lead not into temptation, but deliver us from evil. And lead us not into temptation, but deliver us from evil. And lead us not into temptation, but deliver us from evil. And lead us not into temptation, but deliver us from evil.
Discerning Hearts - Catholic Podcasts
A highlight from Sunday of the Twenty-Third Week in Ordinary Time A Time of Lectio Divina for the Discerning Heart Podcast
"A time of Lectio Divina for the discerning heart. Sunday the 23rd week in ordinary time. As you begin, take a deep breath and exhale slowly. For the next few moments, surrender all the cares and concerns of this day to the Lord. Say slowly from your heart, Jesus, I trust in you, you take over. Become aware that he is with you, looking upon you with love, wanting to be heard deep within your heart. A reading from the Holy Gospel according to Matthew chapter 18 verses 15 through 20. Jesus said to his disciples, if your brother does something wrong, go and have it out with him alone between you two selves. If he listens to you, you have won back your brother. If he does not listen, take one or two others along with you. The evidence of two or three witnesses is required to sustain any charge. But if he refuses to listen to these, report it to the community. And if he refuses to listen to the community, treat him like a pagan or a tax collector. I tell you solemnly, whatever you bind on earth shall be considered bound in heaven. Whatever you loose on earth shall be considered loosed in heaven. I tell you solemnly once again, if two of you on earth agree to ask anything at all, it will be granted to you by my Father in heaven. For where two or three meet in my name, I shall be there with them. What word made this passage come alive for you? What did you sense the Lord saying to you? What did you hear about this passage and why does this passage matter? I will now give the Lord an opportunity to speak to you. Jesus said to his disciples, If your brother does something wrong, go and have it out with him alone between your two selves. If he listens to you, you have won back your brother. If he does not listen, take one or two others along with you. The evidence of two or three witnesses is required to sustain any charge. But if he refuses to listen to these, report it to the community, and if he refuses to listen to the community, treat him like a pagan or a tax collector. I tell you solemnly, whatever you bind on earth shall be considered bound in heaven. Whatever you loose on earth shall be considered loosed in heaven. I tell you solemnly, once again, if two of you on earth agree to ask anything at all, it will be granted to you by my Father in heaven. For where two or three meet in my name, I shall be there with them.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1395: BlackRock Bitcoin ETF Will Send BTC to $1,500,000
"In today's show, we're going to be discussing Bitcoin liquidating $23 million in shorts as Bitcoin price tags a new September high. And check this out, Michael Saylor shares three catalysts which will take the Bitcoin price to $5 million per coin. Also quoting Ricardo Stellinas, the third richest man in Mexico, Christine Lagarde is a thief, Jerome Powell is a scammer, and they're pulling off the perfect fraud preach. And quoting Max of Central in South America, also breaking news just in, Turkish crypto exchange CEO sentenced over 11 ,000 years in prison for allegedly stealing $2 billion in customer funds. We'll also be discussing the institutions may be forced to fight over just 5 % of the Bitcoin supply. Can you say incoming? Bitcoin supply shock. We'll also be discussing when will we see a new Bitcoin all -time high? Will it be this year? Will it be 2024, 2025? I'll be breaking this down for you. We'll also be discussing now 10 years later, since the first Bitcoin spot ETF application and still no Bitcoin ETF, when is it likely to finally be approved? We'll also be discussing the largest asset manager in the world, BlackRock and their Bitcoin spot ETF can literally unlock $30 trillion into the crypto market, send in the Bitcoin price parabolic to $1 .5 million per coin. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again, that's crypto news alerts .net. So welcome everyone just joining us in the live chat. We're finally back in the green for the Bitcoin market, which is a good sign. Let's kick off today's show with our market watch. But first and foremost, welcome everyone. It's September 8th, 2023. I'm your host JV, and this is pod episode number 1395. As you can see here, we got Bitcoin in the green, trading at roughly 25 ,900 while Ether and BNB are still in the red. And checking out coinmarketcap .com, we're currently sitting just above that trillion dollar milestone, with about 28 billion in volume in the past 24 hours. Bitcoin dominance has been pretty stagnant, currently at 48 .3%, with the Ether dominance at 18 .8%. And checking out the top 100 crypto gainers of the past 24 hours, we have Kronos leading the pack up 3%, trading at 5 .2 cents, followed by XDC up 3%, trading at 5 .6 cents, followed by Stellar Lumens up roughly 2 .5%, trading just above 12 .5 cents. And checking out the top 100 crypto gainers for the past week, I'd say the majority are back in the red, but we do have some pumpers, including XRD now up 8 .1%, following by CRO up 3 .3%. And checking out the crypto greed and fear index, we're currently rated at 46 in fear, yesterday at 41, last week a 40, and last month a 50, which is dead in the middle, neutral. So there you have it. How many of you have been taking advantage of this recent dip? Please do let me know in the comments right down below. And now let's dive into today's Bitcoin technical analysis. If you're just joining us, make sure to say hello in that live chat, and let us know where you're tuning in from. But yeah, let's check out these charts, Bitcoin extended volatility into the September 8th Wall Street Open as a classic short squeeze sparked new September highs, which you can see here in the Bitcoin, one hour candle chart, data from Cointelegraph and TradingView showed Bitcoin price movements liquidated in shorts and longs alike. Bitcoin has seen upside momentum the day prior, culminating in a trip above 26 .4 after the daily close, then a subsequent comedown nonetheless took Bitcoin full circle, and Bitcoin slash USD pair was back under the 26 ,000 mark at this time. Now, some analysts breaking down some of the charts here, such as Jelle says, whoops, let's take out the lows again, then. Hmm. Now the result was punishment for the late traders chasing the market up and down. According to data from CoinGlass, short liquidations total $23 .5 million for yesterday, September 11th. And thus far today, we don't know how long the tally is precisely, but probably even higher. Shorts have got hunted as expected. It's a popular trader scoop, quitting him here. Bitcoin Binance and Bybit open interest shorts got hunted and as expected. Note the over leverage added here, or I'm sorry, open interest added here with a small price reaction and decrease in the per bid delta. This implies that more shorts scaling into the price on the second dive higher. Now, fellow trader Dan Crypto Trades highlighted the significance of reclaiming lost ground from August, quitting him here. Bitcoin was finally able to break above the September monthly open after testing it numerous times. It is now retesting it. The question is, will it provide as much support as it did resistance? It's up to the bulls to try to maintain a green September. Meanwhile, CoinGlass data confirms September tends to produce a Bitcoin price downside of close to 10%, with market expectations skewed approximately for 2023. And quoting another trader, Crypto Tony, he says, nice rally off of 25 .6 range low, but no following through up to the range highs. So again, we're stuck mid range. No entry for me on Bitcoin unless we clear 26 ,600 as outlined here in this chart. Now quoting another analyst, Michal Vendet Pop, he says, technically speaking, we can solely focus on the price action in 2019, but that doesn't grant a clear case. The case in 2015, we can correlate the current market with that cycle, he said in his commentary. And he continued, in that regard, this is the final correction. Let me know if you agree or disagree with the analyst as he outlines here in this chart. He says there is a level in which Bitcoin must hold in order to avoid the significant crash. Bitcoin currently holding onto a significant level of support. It's around the 25 ,500 barrier, which has held up thus far. Do you think we're likely to drop sub 20 ,000? Let me know your honest thoughts in the comments right down below. And now let's break down the latest from Michael Saylor. He recently shared three catalysts, which will take the Bitcoin price to $5 million per coin. Catalyst number one, a spot ETF approval, which he says is inevitable. Number two, banks custody and against Bitcoin as collateral, which is coming soon. And number three, fair value accounting rules from the FASB, which will be approved this week. So there you have it. Very bullish sentiment coming from Mr. Saylor and massive shout out to Ricardo Salinas, the third richest man in Mexico. In this interview, here's what he had to share. Christine Lagarde is a thief and Jerome Powell is a scammer. They're pulling off the perfect fraud. So much respect and shout out to Ricardo Salinas for preaching the facts. And quoting Max Keiser, the high priest of Bitcoin, he says that President Bokele is the Warren Buffett and Elon Musk of Central and South America. And he's turning a $26 billion out of favor of phishing and Pupusa hub with some untapped volcano Bitcoin mining potential into a $300 billion mega success story that's transforming the region. So let's freaking go. Massive shout out to Najib Bokele. And now let's break down our next story of the day and discuss this $2 billion crypto scam. Could you imagine being sentenced to over 11 ,000 years in prison? Do they not understand the average life expectancy of a human being? I mean, who does that? But anyways, this is quite fascinating to say the least. Here's the guy right here, just in Turkish crypto exchange CEO sentenced to 11 ,196 years in prison for allegedly stealing $2 billion in customer funds. This story should have SPF ishing his pants considering SPF with FTX was a $30 billion fraud for Christ's sake. Facts. So yeah, let's break this one down. The former CEO of Turkish crypto exchange Thodex. And let me know if anyone has ever heard of the exchange. I never heard of it until today. The guy's name is Farouk Faith Ozer. He was sentenced to 11 ,196 years in prison by a Turkish court on charges of establishing, managing and being a member of an organization where qualified fraud and laundering of property values. Are you listening to SPF? Now, the ninth high criminal court sentenced him along with his two siblings to the same jail sentence of 11 ,196 years. Good Lord. 10 months and 15 days in prison along with a $5 million fine reported Turkish state run news agency. The Turkish crypto exchange was one of the largest digital asset trading platforms in the country before abruptly imploding in 2021. The exchange halted services on the platform without prior notice. And the founder fled the country along with the user's assets, totaling over $2 billion in crypto. And at the time, he refuted all claims of the possible exit scam. The fugitive founder was finally detained in Albania in August of last year, where he has been serving a jail sentence before he was extradited to Turkey in April of this year on charges of fraud and money laundering. The same charges SPF is against. Now, he was already in jail for failure to submit tax documents since July, while the most recent conviction comes for defrauding customers. The founder of the crypto exchange claimed in court that he and his family are facing injustice. He said that Thodex was a crypto company that went bankrupt and had no criminal intentions. A Google translated version of his court statement read, the following, I am smart enough to manage all institutions in the world. This is evident from the company I founded at the age of 22. If I were to establish a criminal organization, I would not act so amateurishly. The question is that, is it clear that the suspects in the file have been victims for more than two years? So he's allegedly claiming to be a victim. The long drawn out case against the Thodex crypto exchange had 21 defendants, five of whom attended the court hearing in person. The court acquitted 16 defendants of qualified fraud due to the lack of evidence and ordered the release of four defendants. The other defendants in the case received varying degrees of sentences based on their involvement in the crypto fraud. So there you have it. I mean, quite interesting to hear anyone being sentenced for over 11 ,000 years, and especially considering his siblings are also involved. Do you think they're just trying to make an example out of him? I don't know what to really think, honestly, because I don't know the guy. I don't know the exchange. I don't know if he's really innocent. I don't know if it's an attack. But what are your thoughts, fam? Let me know. And at the end of the show, I'll be reading everyone's comments out loud. But it does sadden me. I must say, hearing anyone get sentenced to 11 ,000 years in prison doesn't seem right. If you could only live approximately, what, 80 years, it just is a bunch of nonsense and sounds like they're trying to make an example out of someone. I say, if you want to make an example out of someone, use SPF, the $30 billion fraudster himself. Why don't we start there? You know what I mean? Just saying. Anyways, fam, now let's discuss the potential supply shock incoming as per Invest Answers as institutions fight for the final 5 % of the Bitcoin supply. That's right, citing an infographic from blockchain analytics firm Glassnodes stating that 95 % of the existing supply of Bitcoin has not moved over the past 30 days. Anonymous host of Invest Answers tells his half a million YouTube subs the Bitcoin needs to rally is a buy -side catalyst, quitting him here. Breaking news, 95 % of all the Bitcoin has not moved in the last 30 days. So again, despite the weak market, only 5 % is moving around with 95 % sitting tight. And we know why. But the real magic of this, imagine there is a catalyst and imagine big money wants to jump in and buy a truckload of Bitcoin. The price will just go parabolic. And that's just economics, ladies and gents. This is why I am so obsessed with Bitcoin. It is so scarce. So literally when the big institutions come and they are fighting over that 5 % and all the legacy holders are just sitting there watching anyway, it's a reason to be excited. And the charts don't lie as the HODL waves chart from Glassnodes shares here, literally 95 % of all the Bitcoin has not moved in the past 30 days. So shout out to all my long -term HODLers. The anonymous host also further says that the remaining supply of Bitcoin after accounting for the long -term HODLers and the lost Bitcoin is also yet another bullish indicator, quitting him here. The amount of Bitcoin that is either HODLed or lost or basically has not moved in the last five years is nearly 8 million BTC. That means technically only 11 million or thereabouts have not. And in fact, taking this five -year plus, it doesn't include all the Bitcoin lost over the last five years or less. So we just know it is super scarce. It is question, well, if it is so scarce, is that not bad? No, it is not. It means the price of what's left will go up and it won't take a lot to move it as well. So there you have it. And in this chart by Glassnode, you can see the 8 million Bitcoin HODLed or lost in the past five years, but only 11 million left as the smart money and the whales continue accumulating as they should. So there you have it. Let me know if you feel that Bitcoin supply shock is going to be incoming, this halving coming up in roughly six months, scheduled to be sometime in April 2024. Let me know your honest thoughts in the comments right down below. Now let's discuss our next story of the day and discuss when do you think the Bitcoin price is likely to hit that new all -time high? Well, let's break this down according to Crypto Con, a fellow analyst predicting all -time highs in 2025, which I feel is conservative. I think personally we're likely to smash the 69 ,000 all -time highs sometime next year in 2024. But let me know your thoughts, chat. Now amid debate over the nature of the current Bitcoin four -year price cycle, Crypto Con believes that all may be simpler than many imagine when it comes to how Bitcoin behaves at a given time. Unveiling the November 28th chart on X, he delineated the date of the key pivot point for the year along with a three -week period on either side, quoting him here, using four -year time cycles against my inception. The cycles are centered around the dates of the first halving, November 28th. And he continues, the Bitcoin price action began at the first bottom, October 8th, 2010. This is where cycle curves peak every four years. Tops and bottoms come plus or negative 21 days from November 28th at their appropriate times on the curve. Tops on the upswing, bottoms on the pinnacle. So the chart virtually describes November 28th as Bitcoin date. Bitcoin sees a Bitcoin bull launch every four years. The last was in 2020 when Bitcoin broke beyond his previous all -time high, hitting the current high of 69 ,000, which we did in November of 2021. The next point of interest is thus November 2024. Until then, Bitcoin price action will spend its time in a mid -cycle lull, according to the analysts. After Bitcoin bottoms, the price makes an early first cycle move, which you can see in this chart in the orange and enters into a mid -cycle. This is the longest part of the cycle where Bitcoin spends time around the median price, half of the previous all -time high until the curve bottoms. So ultimately, the median price of the previous high is probably in that $33 ,000 to $34 ,000 range, just FYI. But he did add that Bitcoin had almost certainly seen its early top, referencing the 31 ,800 local highs back from July of this year. Now, as reported by Cointelegraph, opinions on where the Bitcoin price action will go into the 2024 block subsidy having differ from analyst to analyst. Some argue that the modest gains will be all that the hodlers will see before the event scheduled for April of next year, again, roughly six months out. We also have Phil B. Philby, co -founder of trading suite Decent Trader. He delivered a $46 ,000 target for the halving with $36 ,000 slated for year's end. What are your thoughts surrounding these two targets? Do let me know. Meanwhile, CryptoCon summarized that 2023 Bitcoin's price behavior as a full market fake out, putting him here. This makes it appear as if the bull market has begun with the trigger of many signals. But then at some point, the price fails to continue. This is the most convincing example we have seen of this yet. And personally, I think there is still some time to go for that. And I am patiently awaiting its completion in which he shares alongside the Bitcoin one -day candle chart. Now, as we know, we'll see where the Bitcoin price is likely to go next. But now the million dollar question, when are we likely to finally get a Bitcoin ETF spot in the United States as they have been getting denied now consistently for over a decade with the first app being submitted by the Winklevoss twins, owners of the Gemini exchange? Because we all know fact there is a lot of money on the sidelines. In fact, analysts are predicting over 30 trillion will be ushered into the Bitcoin price and the market cap as soon as this does get the approval. But when is the million dollar question? So let's discuss when the spot Bitcoin ETF followed by a prediction of the Bitcoin price soaring 60x from the current price action to one and a half million dollars per coin. Then we'll dive into our live Q &A. So the first spot Bitcoin ETF app was filed in July of 2013, literally over a decade ago. Fam, I'm not exaggerating. It was denied in both 2017 and 2018. A decade has since passed since the initial app. Now the SEC had rejected more than a dozen additional apps and repeatedly punched the date for deciding on others. I'm sorry, punted, meaning they continue to push it back. The ETF saga's latest interaction saw Bitcoin jump more than 6 % as industry advocates celebrated a court ruling that affirmed what we already knew, that the SEC's rejection of the Grayscale ETF app was arbitrary, 100%. This was of course followed by the SEC delaying its decision on all seven pending Bitcoin ETFs and a subsequent price drop. Now we wait as the SEC deliberates on its next move surrounding the Grayscale pleads for approval. Now to a degree, the case for Bitcoin ETF makes sense in the spirit of adoption. The $7 trillion ETF industry is ripe with investors still on the crypto sidelines awaiting for a product that would grant them Bitcoin exposure without having to buy Bitcoin directly and set up a wallet. Plus as a community that's fought long and hard to have digital assets taken seriously, the crypto world is inclined to welcome the validation that the United States ETF would signal. 100%, when are we going to get that? But crypto, Bitcoin especially, is predicated on the need for an alternative financial system, one that enables the financial sovereignty, transparency, and consensus that traditional finance is glaringly lacking. The crypto industry's eagerness for an SEC ETF approval feels like a step backward akin to the American revolutionaries begging parliament to intermediate colonial tax collection and rejection of its imperial rule. And as Michael Saylor points out here in this tweet, BITO had underperformed Bitcoin by 28 % year to date. This is why we need a spot. Bitcoin ETF preach. And again, Michael Saylor says the Bitcoin price can soar to $5 million per coin just on the back of the three catalysts I mentioned earlier. And mainstream adoption is a ubiquitous goal amongst crypto champs. And the SEC sign off on a Bitcoin vehicle that resonates with trade fi is ostensibly a fast track right to it. But fighting for approval from an opaque centralized agency for an intermediated investment product belies our industry's purpose. And frankly, it's unnecessary preach. The irony of cautious investors waiting to buy Bitcoin ETF shares rather than taking the safer route of buying Bitcoin directly is palpable. ETF bears many layers of counterparty risks, including the sponsor custodian and other partners. We saw how catastrophic this type of risk can be to crypto during the latest contagion when customers lost more than $10 billion within months because they trusted third parties. Now, though the contagion appears to have dwindled, the major takeaway remains. If you don't have the private keys to your Bitcoin, your assets aren't in your control, and they may not even exist. Facts, not your keys, not your cheese fam. As we preach here on the channel, those of us who witnessed the fallout up close know this, but investors who have been waiting on the sidelines for the ETF likely do not. It is our job as industry builders and veterans to help the newcomers understand the new degree of security and risk aversion that Bitcoin technology enables. The downside of a spot Bitcoin ETF runs deeper than the conceptual contradiction of the unknowingly purchases of a riskier investment. The potential cost of the crypto movement is immense. Take, for example, BlackRock iShares Bitcoin Trust, the announcement of which drove the Bitcoin price to one -year high in June. However, perhaps blinded by the prospect of monumental institutional inflows, much of the Bitcoin community, myself included, has thrown its support behind BlackRock's iteration of TradeFi 2 .0 haphazardly disguised as Bitcoin conviction, and buried within BlackRock's submission is a clause on hard forks, which you may not know about. Quoting them here, the sponsor use is discretion to determine which network should be considered the appropriate network for the trust purposes, and in doing so may adversely affect the value of the shares. There is no guarantee that the sponsor will choose the digital asset that is ultimately the most valuable fork. The sponsor may also disagree with shareholders, the Bitcoin custodian, and other service providers, the index administrator, crypto exchanges, or other market participants on what is generally accepted as Bitcoin and should therefore be considered Bitcoin for the trust purposes, which may also adversely affect the value of the shares as a token. However, the sponsor uses the consensus mechanism for a protocol that has already been well -defined and battle -tested mechanism. So it's going to be interesting to see how this all plays out for the major institutions around the world. We know the BlackRock track record is literally 575 to one, meaning the SEC have approved 575 ETF requests, and I've only ever denied them of one. The possibility and likelihood of an ETF being approved by BlackRock I'd say is extremely high, but it takes us back to the million -dollar question, when? If I was to put a date on it, I'd say likely. Sometime in 2024, as ETF experts and analysts are currently predicting, including Eric Valchunas, says there is a 95 % chance of a spot ETF being approved in 2024, and I believe he gave it a 75 % chance of still being approved by the next deadline, which is October. Putting on my Nostradamus hat, I think Gary of the SEC are going to likely push back and punt the deadline once again until next year. But that's my two Satoshi's. Let me know your thoughts, fam, in the comments right down below. And now let's break down our final featured story of the day, and that's the BlackRock Bitcoin spot ETF unlocking literally $30 trillion of value into the crypto market cap. That's right. According to Bloomberg, ETF analyst Eric Valchunas' approval of a Bitcoin ETF could potentially be the game changer in unlocking vast reserves of capital for the crypto market. His analysis estimates that $30 trillion worth of assets controlled by the US financial advisors could be funneled into Bitcoin investments if a spot ETF green is signaled by the US SEC. So let's discuss this domino effect of BlackRock's controlling over $9 trillion in assets under management. We all know they submitted their app for the Bitcoin spot ETF last month, significantly shifting the probability landscape. According to Valchunas, the chance of a spot Bitcoin ETF approval soared from only 1 % to over 50 % following BlackRock's involvement. And as I broke it down for you, he's now saying 75 % chance this year and 95 % chance next year. And quoting him here, their application triggered a wave of similar filings by other prominent firms, such as ARK Investment, Valkyrie, and Fidelity, setting the stage for a highly competitive environment. That's right. Now, Fidelity, I believe, is the second largest asset manager in the world that currently controls over $4 trillion in assets under management. And although Bitcoin futures ETFs do exist in the US, they pale in comparison to what a spot ETF can bring to the table. So currently, these futures -based ETF accounts for only about $1 billion in total assets under management. Valchunas describes the approval of a spot Bitcoin ETF as the holy grail that would dwarf the current offerings and galvanize the crypto market like we have never seen before. So send it and let's freaking go. Also, a spot ETF would not only benefit Bitcoin, but also serve as a boost for the rest of the crypto industry, solidifying the assets class position and mainstream finance. And as they say, a rising tide raises all ships, so not only Bitcoin, but the entire crypto market would obviously benefit the approval of a Bitcoin spot. ETF stands on potentially transformative moment for the American market, with at least 10 firms currently in competition, and astronomical sums are at stake. The race is currently heating up. BlackRock haven't already partnered with Coinbase in 2022 to offer institutional clients crypto access to launching its own spot Bitcoin private trust, appearing to be at the vanguard of the financial revolution. So with trillions of dollars in play, the implications for Bitcoin and the broader crypto market are currently colossal. The clock is ticking and the world watches with bated breath as regulatory decisions loom on the horizon. So there you have it. I also want to mention, if you'd like to watch this, Eric Valchunas, the analyst from BlackRock, talking about $30 trillion entering the market upon the approval of an ETF, check the show notes below the video in the description. And I also want to talk about, off of the news, which was shared last year, that BlackRock could team up and partner with Coinbase as a custodial, we had some predictions of a $773 ,000 Bitcoin price. So I'd like to break down the math and where these numbers have come from. So quoting Invest's answers from his forecast, which he made on his channel, that Bitcoin price is going to go parabolic off of this news, quoting him here, if BlackRock were to place just a half a percent of its assets under management, Bitcoin's market cap would be affected by an increase of over a trillion dollars. This would add about $75 ,000 to the Bitcoin price. Bitcoin, which is in the $23 ,000 band at the time he made the prediction, will make its way to about $98 ,000 per coin. This is 326 % more than today's price. And it is very, very achievable. So let's talk about it more long term. So he also stated that if BlackRock stands out with an asset value of $10 trillion, put 1 % of their funds into Bitcoin, the leading crypto would be worth more than $150 ,000 per coin, quoting him again, now if they allocate a 1 % stake, which will of course take time to reach this level, that would add about $2 .1 trillion to the market cap and $150 ,000 to the Bitcoin price. And that would push Bitcoin's future price to $173 ,000 per coin. The profit for Bitcoin here is 652%. And the analysts also stated the Bitcoin can rise to as high as $773 ,000 if BlackRock allocates just a 5 % share. But on the other hand, this estimate can be considered to seem quite maximalist in the current situation. However, according to the crypto analysts, between the next three to five years, the price will be achievable at these levels, quoting him again, if as analyst Dan Tapiero said, they add 5%, which I think is very aggressive, maybe with time, maybe in the next three to five years, it will be possible. This will quite easily push the price of Bitcoin to $773 ,000 per coin in the next three to five years. So there you have it, fam. Let me know if you agree or disagree with the analysts. Do you think the approval of a spot Bitcoin ETF in the US will help usher in literally, literally $30 trillion into the market considering the current Bitcoin market cap is only $500 billion? That's roughly 60x. So if you take today's price of $26 ,000 and times that by 60x, we get above a $1 .5 million Bitcoin price. And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. Thank you.
The Hugh Hewitt Show: Highly Concentrated
A highlight from Senator Ron Johnson unloads on Hunter Biden scandal
"Your challenge, if you choose to accept it, is this. Let's go, let's go! Show up on day one, work out with us for 30 minutes, feel good right away. Yo! Repeat five days a week for three weeks. Three weeks? Five workouts a week. We're a body, and we call that a body block. You pick the block and you're gonna love the experience. On week four, this part is really important. Take the week off. Seriously, we mean it. Rest, go on vacation, or try something new. Maybe some yoga. Notice you're not holding onto any tension here. Or a dance class. Get sexy with it, daddy. You do you, and then start again. Be committed to this process. Choose a new body block each month. Get a new challenge each month. Have fun every day. Avoid burnout. You're not gonna quit on yourself today. This is how you reach your goals. You in? There is nothing that we can't do if we work together. Sign up for your first body block today. Visit body .com for a free trial. That's B -O -D -I .com. Are you ready to get started? Welcome to today's podcast, sponsored by Hillsdale College. All things Hillsdale at hillsdale .edu. I encourage you to take advantage of the many free online courses there. And of course, to listen to the Hillsdale Dialogues, all of them at Q for hillsdale .com, or just Google Apple, iTunes, and Hillsdale.
SI Media Podcast
A highlight from Julian Edelman and John Ourand
"There's never been a better time for football fans to join the huddle for all the hard -hitting action with BetMGM Download the BetMGM app and use bonus code CHAMPION200 when you place a $10 pregame moneyline wager on any pro football game You'll receive $200 in bonus bets instantly regardless of your wagers outcome. Sign up now and discover BetMGM's daily promotions, player props, live betting options and more. Download the app or go to BetMGM .com and sign up today to get started. BetMGM and Game Sense remind you to play responsibly and offer resources to help you make appropriate choices. BetMGM .com for T's and C's. 21 plus to wager Virginia only new customer offer. All promotions are subject to qualification and eligibility requirements. Rewards issued as non -withdrawable bonus bets. Bonus bets expire seven days from issuance. Please gamble responsibly. Gambling problem call 1 -800 -GAMBLER. Promotional offer not available in Washington, DC. Hey, can I let you in on a little secret? I'm obsessed with the drop app. Drop makes it so easy to score free gift cards just for doing my everyday shopping at places like Ulta, Sam's Club and Lyft So if you're like me and love a good shopping spree Download Drop today and join the secret club of savvy shoppers and use my code GETDROP999 to get $5 AI has the power to generate solutions But if it's using unverified data, it could generate problems. Your business doesn't just need AI It needs the right AI for your business Introducing Watson X, a platform designed to multiply output by tailoring AI to your needs. When you Watson X your business You can train, tune and deploy AI all with your trusted data Let's create the right AI for your business with Watson X. Learn more at IBM .com slash Watson X. IBM Let's create Welcome everyone to SI Media with Jimmy Trainor. Thank you so much for listening. Big show this week We got the start of the NFL season. So we have Julian Edelman, Super Bowl champion, obviously from the Patriots and he is joining Fox's pre pregame show It's Fox NFL kickoff 11 a .m. Eastern, 8 a .m. Pacific. He's now part of that crew. So Julian talks about Going into TV going into media joining Fox great great stories about Belichick Brady Gronk talk about betting Some other NFL news with Edelman following Julian SI media Podcast regular John Oran joins the show to talk about the big dispute between spectrum cable and ESPN Disney Which is really ESPN 15 million cable subscribers do not have ESPN right now because of this dispute No one better to break it down than John Oran. We also get into Sunday Ticket on YouTube and College football ratings and a few other things with John and then train of thoughts with Sal Acada closes out the show We go through some week one NFL betting lines Talk about the US Open and some other things with Sal So we have all that coming up before we get to it real quick If you missed it last week over the Labor Day weekend We dropped a pod last week Greg McElroy from ESPN and comedian Jared Freed with the guests two weeks ago Charles Barkley Feedback's been phenomenal. If you missed it, make sure you check it out Peter Schrager three weeks ago Chris may have dog Russo four weeks ago So if you missed any of those check them out in the archive subscribe to SI media with Jimmy Traina and leave a review on Apple we're definitely gonna read those next week All right, Julian Edelman followed by John Oran followed by train of thoughts all right here right now on SI media with Jimmy Traina Alright joining me now Super Bowl champion and now in the media. He's joining Fox's NFL kickoff, which is at 11 a .m. Eastern every Sunday little pregame action Julian Edelman Julian, how's it going? Going well, how are you doing? I'm doing well. I'm doing very well cuz football is here. So it was back Thank God is fully back. I Mean, I wish I wish the trends Kelsey wasn't hurt because I feel like that takes a little bit away from the opening game But it is what it is If you look at it though over the last However, many years the Kansas City Chiefs have been on this run. They've had relatively pretty decent help Throughout their whole thing. I mean they left they lost the left tackle in the Super Bowl That's why they lost against, you know, Brady they couldn't protect Patrick Mahomes but it's it's getting to that time in their Era it where gets hard, you know being a guy that's been on one of those teams a dynasty. They're not there quite yet but uh You know, they're well on their way if they could stay healthy and you would know better than anyone about dynasty So when would you say they're there? How many would they have to win before you say they're a dynasty everyone knows it's three Okay, I don't know what's going on. Everyone keeps on talking like oh This is you you into no, it doesn't matter if you get to the Super Bowl We went to eight straight AFC championships or something like that. Like you got to win three to get to be in Cowboys previous Patriots Niners Steelers It's not two. It's not two So tell me I want to get into your Fox gig and transitioning to meeting that since we're on it It's a good topic because I'm just curious because one of the things I'm looking at is someone who's scouting Over -unders to bet and and you know who's gonna win the AFC and stuff like that The I Motivation shouldn't say the motivation. I mean, I think the motivation is there even if you win But is it difficult or how difficult is it after winning two like they've won? It's very difficult To get geared up every Sunday, you know people don't realize How hard it is once you go out win a Super Bowl Okay, now they have two that when you win that first one you become a target everyone circles you on the schedule You win another one now everyone circling now now Divisions and conferences are designing their teams to beat you. So it gets harder and harder and as an individual player You know Your motivation you have to pull what what's motivating you because natural human instinct you're like You know, we got this we're good and then you know something happens you have injuries here an injury They're a player doesn't sign back because no two teams are the same. It's a new team every year. So it's very hard mentally To keep it going, you know And you have and they have a leader in Patrick Mahomes that can do that We had Tom Brady Tom Brady was always always on he was like he was always motivated So that gives you hope for the Kansas City Chiefs because they have such a great player and Patrick Mahomes who's their leader You know their best player is is their quarterback is their leader and the way he is is huge. Do you think? the intensity to beat the Chiefs to throne the Chiefs is Similar to what you guys experience and I ask you from this standpoint and I hope you don't take offense to this But I feel like I feel like the Chiefs are not hated in any way I'd feel like no one dislikes Mahomes No one dislikes Andy Reid you guys and I think it was mainly because of your success But there were people who didn't like Tom for whatever reason there was the ridiculousness with the flake eight the stupidest thing ever people didn't like Belichick, maybe You guys I don't think we're like Completely beloved whereas KC seems like I don't know who maybe people are sick of Travis Kelsey a little bit Like our teams you think is amped up to beat the Chiefs as they were you guys I Think the games changed the player has changed Just as an overall, I mean we look at games nowadays you got guys over here You know dapping up helping guys back back when we were playing the Jets when I first got in the league Bart Scott was mother -effing Billy O 'Brien on the sideline guys were fighting before, you know, it's just it's kind of changed And it could be for good or could be for bad. That's for weather for everyone else to determine But and also, you know, the Kansas City Chiefs that the Patriots were on it for 20 years Okay, like when I got there they already had three Super Bowls and they were on a little drought, you know But they were still winning, you know, they went 7 16 and oh they you know 14 win seasons they were still putting out big winning seasons for a long a longer time and You know the Chiefs just haven't been there I'm so I'm sure the Chiefs keep on doing well that people are gonna start hating them too, you know, yeah. Yeah The I want to get into some other stuff about the Patriots and and Belichick and Brady and but let's talk about you going to Fox you did inside the NFL. I enjoyed you on there I wrote that a couple times for SI. Now. You're gonna be on the Fox NFL kickoff show. It's remarkable I don't know if you've seen it Maybe you just know it off the top of your head because you friends with all these people but it is remarkable how every patriot is in media now is on TV, you know, you've got the McCordy's Gronk is part of the Fox family. Everyone knows about the Brady situation McGinnis the TV Bruschi It's like if you're on you were part of our Patriot team good love winners. Yeah people love winners Yeah, and they hate them so, you know you get a little bit of both They're either gonna love your hate you but they're gonna watch you It's like you had no choice but to go into TV basically after after all it's it's I don't know it's uh, You know when you play for an organization like New England and You've had the success that we had over the years that we played, you know It opens up a lot of doors and it's plain and simple. That's that's really what it is The the sacrifice and the efforts that we put into our career helped us after our career and a lot of guys you know, they have that hard work mentality that still want to stay in the game, but may not want to be coaches and And that's what media is, you know, that's what I feel. You know, I get my football fix by Going into a pre -production meeting and I haven't done it with Mike Vick or Charles Woodson or Chris and Thomas or Peter Shrager But you get your football locker room kind of vibe when you do those like when I was on inside the NFL I'm sitting there talking with Phil Simms Patrick, uh, you know, Brandon Marshall Michael Irving, Ray Lewis, James Brown and you have these These meetings where you just get to sit and talk football It's before you go on the lights are shining but you sit and you're talking stories You're breaking football down with people that play football So, I think that's a huge probably reason about it and you know, it's not you know We're used to putting in these crazy hours 14 -hour days Seven days a week don't get this year family and media, you know, like you got to do your homework You got to you got to watch all the games, but you know, we can still have a life outside of it, you know These guys are going coach. I mean people always ask me. Why aren't you in coaching and I go You know, I did my time Like I put my my 12 13 14 hour days in and when I would leave work I would see coaches families in the parking lot Seeing the coaches before they would go to bed because they still had another three hours. I ain't doing that Yeah, you know and then if you go somewhere else where it's not like that Then I'm mentally all messed up because well, there's some people that are doing it, you know So it's just I like I'm happy or I'm mad. I'm excited to go out and entertain and talk my knowledge When you were playing and you're playing days towards the end of your career Did you think you would get into TV or did you not think about it while you were playing? I Didn't necessarily think I'd become an analyst and do what I'm doing right now I always enjoyed creating content You know whether it was our YouTube videos our Instagram videos and all the content we build on J around je11 You know that was booming with with the Patriot nation that would always support, you know I always I found a niche in that and and I enjoyed that process of creating content going in and sitting in a you know in a editing room and and Filming up all this stuff and thinking it's gonna be terrible and then cutting it down and then you know having all your other team Because there's a team of people, you know That put put the work in to to get this good content out and I enjoyed it So I didn't know it was gonna be to the extent of what I'm doing right now but I knew you know, I was comfortable in front of a camera and you know, I know I faced for radio, but Thank God I won a lot of games Had it and just tell me were were there other networks like in the running to get your services Was it just Fox like I'd end up at Fox why Fox? Tell me a little bit about joining I want to say any other names there were, you know There was another network that was involved and I sat down and I thought Fox would be perfect You know, I got a couple teammates there with Gronk Brady You know, I'm really excited to get to hang out with you know Charles Woodson and in talk football with Mike Vick and Chris Thompson Peter Schrager and you know Fox is like a If you know the story behind Fox, I mean they were created as This little small sport network with John Madden.
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"He went on. This is why I told you that no one could come to me unless the father allows him. After this, many of his disciples left him and stopped going with him. And Jesus said to the 12. What about you? Do you want to go away too? Simon Peter answered. Lord, who shall we go to? You have the message of eternal life, and we believe. We know that you are the holy one of God. What touched your heart in this time of prayer? What did your heart feel as you prayed? What do you hope to carry with you from this time with the lord? Let us now close with the prayer to the father that Jesus gave us. Our father, who art in heaven, hallowed be thy name. Thy kingdom come thy will be done. On earth, as it is in heaven. Give us this day, our daily bread. And forgive us, our trespasses. As we forgive those who trespass against us. And lead us not into temptation. But deliver us from evil. Amen.
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"This, many of his disciples left him and stopped going with him. And Jesus said to the 12. What about you? Do you want to go away too? Simon Peter answered. Lord, who shall we go to? You have the message of eternal life, and we believe. We know that you are the holy one of God. What word made this passage come alive for you? What did you sense the lord saying to you? Once more, give the lord an opportunity to speak to you. After hearing his doctrine, many of the followers of Jesus said. This is intolerable language. How could anyone accept it? Jesus was aware that his followers were complaining about it and said, does this upset you? What if you should see the son of man ascend to where he was
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"A time of alexio davina for the discerning heart. Saturday of the third week of Easter time. As you begin, take a deep breath and exhale slowly. For the next few moments, surrender all the cares and concerns of the stay to the lord. Say slowly, from your heart, Jesus. I trust in you. You. Take over. Become aware that he is with you. Looking upon you with love. Wanting to be heard, deep within your heart. A
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"From heaven. Not like the bread, our ancestors eat. They are dead. But anyone who eats this bread will live forever. He taught this doctrine at capernaum in the synagogue. What touched your heart in this time of prayer? What did your heart feel as you prayed? What do you hope to carry with you from this time with the lord? Let us now close with the prayer to the father that Jesus gave us. Our father, who art in heaven, hallowed be thy name. Thy kingdom come. Thy will be done. On earth, as it is in heaven. Give us this day. Our daily bread. And forgive us, our trespasses. As we forgive those who trespass against us. And lead us not into temptation. But deliver us from evil. Amen.
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"Not like the bread our ancestors ate, they are dead. But anyone who eats this bread will live forever. He taught this doctrine at capernaum in the synagogue. What word made this passage come alive for you? What did you sense the lord saying to you? Once more, give the
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"A time of alexio davina for the discerning heart. Friday of the third week of Easter tide. As you begin, take a deep breath and exhale slowly. For the next few moments, surrender all the cares and concerns of the stay to the lord. Say slowly, from your heart, Jesus. I trust in you. You. Take over. Become aware that he is with you. Looking upon you with love. Wanting to be heard, deep within your heart. I'm reading from the holy gospel according to John, chapter 6 versus 52 through 59.
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"What word made this passage come alive for you? What did you sense the lord saying to you? Once more, give the lord an opportunity to speak to you. Jesus said to the crowd. No one can come to me unless he is drawn by the father who sent me. And I will raise him up at the last day. It is
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"A time of alexio davina for the discerning heart. Thursday, of the third week of Easter tide. As you begin, take a deep breath and exhale slowly. For the next few moments, surrender all the cares and concerns of the stay to the lord. Say slowly, from your heart, Jesus. I trust in you. You. Take over. Become aware that he is with you. Looking upon you with love. Wanting to be heard, deep within your heart. A
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"A time of alexio divina for the discerning heart. Wednesday of the third week of Easter tide. As you begin, take a deep breath and exhale slowly. For the next few moments, surrender all the cares and concerns of the stay to the lord. Say slowly, from your heart, Jesus. I trust in you. You. Take over. Become aware that he is with you. Looking upon you with love. Wanting to be heard, deep within your heart.
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"Our father, who art in heaven, hallowed be thy name. Thy kingdom come. Thy will be done. On earth, as it is in heaven. Give us this day, our daily bread. And forgive us, our trespasses. As we forgive those who trespass against us. And lead us not into temptation. But deliver us from evil. Amen.
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"A time of alexio divina for the discerning heart. Monday of the third week of Easter tide. As you begin, take a deep breath and exhale slowly. For the next few moments, surrender all the cares and concerns of the stay to the lord. Say slowly, from your heart, Jesus. I trust in you. You. Take over. Become aware that he is with you. Looking upon you with love. Wanting to be heard, deep within your heart. A
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"For the next few moments, surrender all the cares and concerns of the stay to the lord. Say slowly, from your heart, Jesus. I trust in you. You. Take over. Become aware that he is with you. Looking upon you with love. Wanting to be heard, deep within your heart. A reading from the holy gospel of Mark, chapter four versus 21 through 25. Jesus said to the crowd, would you bring in a lamp to put it under a tub or under the bed? Surely you will put it on the lamp stand. For there is nothing hidden, but it must be disclosed, nothing kept secret except to be brought to light. If anyone has ears to hear, let him listen to this. He also said to them, take notice of what you are hearing. The amount you measure out is the amount that you will be given, and more besides. For the man who has will be given more from the man who has not, even what he has will be taken away. What word made this passage come alive for you? What did you sense the lord saying to you?
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"Was because they were saying, an unclean spirit is in him. What word made this passage come alive for you? What did you sense the lord saying to you? Once
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"A time of alexio divina for the discerning heart. Monday of the third week in ordinary time. As you begin, take a deep breath and exhale slowly. For the next few moments, surrender all the cares and concerns of the stay to the lord. Say slowly, from your heart, Jesus. I trust in you. You. Take over. Become aware that he is with you. Looking upon you with love. Wanting to be heard, deep within your heart. A reading from the holy gospel, according to Mark, chapter three versus 22, through 30.
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"A time of alexio divina for the discerning heart. Tuesday of the 33rd week in ordinary time. As you begin, take a deep breath and exhale slowly. For the next few moments, surrender all the cares and concerns of the stay to the lord. Say slowly, from your heart, Jesus. I trust in you. You. Take over. Become aware that he is with you. Looking upon you with love. Wanting to be heard, deep within your heart. Reading from the holy gospel, according to Luke, chapter 19 versus one through ten. Jesus
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"A time of alexio divina for the discerning heart. The 33rd Sunday of ordinary time. As you begin, take a deep breath and exhale slowly. For the next few moments, surrender all the cares and concerns of the stay to the lord. Say slowly, from your heart, Jesus. I trust in you. You. Take over. Become aware that he is with you. Looking upon you with love. Wanting to be heard, deep within your heart. A reading from the holy gospel, according to Luke, chapter 21 versus 5 through 19. When
Discerning Hearts - Catholic Podcasts
"three weeks" Discussed on Discerning Hearts - Catholic Podcasts
"Splinter that is in your brother's eye. What touched your heart in this time of prayer? What did your heart feel as you prayed? What do you hope to carry with you from this time with the lord? Let us now close with the prayer to the father that Jesus gave us. Our father, who art in heaven, hallowed, be thy name. Thy kingdom come. Thy will be done. On earth, as it is in heaven. Give us this day. Our daily bread. And forgive us, our trespasses. As we forgive those who trespass against us. And lead us, not in too temptation. But deliver us. From evil. Amen.