40 Burst results for "Triple H"
Tim Branyan: Air Force Vet Turned Tech Mogul Shares His Origin Story
"So how old were you when you left the Air Force and started becoming a tech mogul? Yeah, so I don't remember exactly how old I was. I think I was 23, 22, 23. I got out and I didn't fully get out. I still had my toes in. I went to school, was really burnt out and depressed pretty quick and decided to jump at the chance to do contracting. So I did a similar job as a civilian contractor on an army contract. And really that's kind of where the tech adventure started was just after getting that job and playing a position, the mission as a civilian and making really good money, I was just like, man, I really want freedom. I want to own my life. Making this amount of money is great, but I worked a lot and I didn't really own my time. So I just became obsessed with like, how can I actually own my time? How do I make half of this money, but not have to trade hours for it? And how do I extend my vacation time? That was kind of the thought, how do I actually create freedom? I think so many people get feeling that way, but very few people end up asking those questions in a way where they're gonna seek to find those answers. So what did it take for you to leave something that was bringing in good money, but was taking so much of your time freedom away to kind of turn and be like, I'm gonna do something bigger here. Yeah, so belief, and I just got to a point where I was more afraid of regret than afraid of failing, attempting something that had a high probability, or at least that had a high belief level that could potentially work. So I'm pretty risk adverse. I know that's not maybe what you hear normally, like from entrepreneurs, burn the bridge, sink the ships, do your thing. That's not really my mantra. I'm more tactical with regards to working your job, working the thing that's paying you, and minding your freedom. So whatever it is that's paying your bills and taking care of your foundation, and I even try to limit the foundation that I really need. What I mean by that is reducing expenses and living small so it's easy to manage, and then working double time, triple time, focusing on the thing that's going to be my escape. And when I say escape, the thing that I was always working towards was this life I didn't need a vacation from, and the vehicle that would take me there. So that ended up becoming tech. It made sense. Like apps made sense. E -commerce, the digital real estate sort of world made sense to me, versus anything else that I racked my brain on. And yeah, I just, I gave it a shot, and I've been giving it a shot. I'm still learning, and I don't feel like you ever really arrive as an entrepreneur. If you do, maybe, I don't know. That's still, I don't think it's possible, especially at the rate at which things are always evolving. But yeah, I'm still a student. I'm still aggressively curious, and I'm still learning and figuring things out. I just have a different response when things go wrong, I think, or when things need edited, adapted. I think that's what, at least a lot of the people that have hit high success ranks, titles, money in their bank accounts tend to have those characteristics of adapting and overcoming. Absolutely. So that's really kind of the name of the game.
Fresh update on "triple h" discussed on CoinDesk Podcast Network
"I love his optimism. But the important thing is, they're talking about it. They're diving in, they're trying to get educated. I think progress may not be the progress of the pace that we'd like to see, but it's definitely progress. It's massive. We had congressmen posting, you have to understand the difference between an algorithmic stablecoin and a collateralized stablecoin. The idea that they would have done that in 2018 is they were like, stablecoin, what? They've come a long way. Where do you see the biggest opportunities overseas? So, I live in New York State, and we have a regulatory regime out of the financial services that I think is relatively sophisticated. It used to have the reputation, the bit license of being very slow and hard to get, and it still is. But they've tripled their staff, they're all crypto-fluent, and they're actually regulating. And they have the rules that, an FTX couldn't have happened under New York regulations. So, it's very thoughtful. They're interacting with a lot of foreign regulators. So, I'm just an advisor to them. It's a very deep perspective, because this is what Maxine Waters got upset, because PayPal decided to launch their stablecoin under NYDFS regulations, right? Listen, you have a major sector of financial services that is not regulated by Washington that people forget about. The insurance industry, it's all regulated at the state level. So, if DC doesn't get its act together, I know you have a very small chance you'll be wrong. But if that's the case, if you took Florida, let me take it, forget Wyoming, but if Florida were to set up a DFS, so you had a red state and a blue state with sophisticated crypto regulation, they might just leapfrog whatever's going to happen in Washington. So, I think that's an optimistic take on it. It also plays on the idea that the United States is the ultimate decentralized system, right? It is one of its advantages. It kind of is pre-blockchain decentralization. All right, listen, four and a half minutes to go. Why don't we just explore really the number of advisors who, I mean, there seems to be interest in this space. People have been curious about it for some time. There's a number of prominent advisors who are out there promoting it. But the uptick is still difficult, right? We talked about custody and other things. What do you see as the single most important thing that needs to happen to get this community more engaged? We talked about the Bitcoin ETF, but what can be done? I'm not on the product side, but I can tell you what I get here from my internal partners. It really is a ton of education. We need to continue to educate, and we also need to continue to make the experiences easier. Because when I think about it, it's challenging. I heard many panelists speak over the course of the past few days talking about advisors need to spend more time advising and less time administering. And if we could help them do that, I think that could drive adoption. I'm an investment person. So I'd say, especially now, put half a percent of your clients portfolios in Bitcoin or more. It's a good time of long term because I'm afraid of government debt. And I just I don't know when that could may not be our lifetime, but that's the biggest risk to our financial system now, I believe. And then number two is cyclically. This is a great time because you've got the happening next next year in the second quarter. That's always been bullish for crypto, maybe less so as each cycle goes through, but it's been bullish. And the Fed has probably stopped raising rates or it's close to the end. So that's an actionable investment idea. I believe it. Does the sector break free of that risk-asset correlation? I mean, I'm not liking the word correlation, but is there that between other cryptos? Yeah, because it seems like there are times when crypto is sort of like doing its own thing, but certainly when it's been sort of through this rate cycle, it's been vulnerable to that. Well, just a couple of observations. I always say the Bitcoin is like an eight year old child, right? It's just a maturing asset. About a year ago, people were like, I don't need Bitcoin because it's highly correlated to NASDAQ. Now the correlation in NASDAQ is almost zero. Not that I love correlation, it's a statistic. So I think it's evolving over time. And yes, it is highly correlated to the rest of crypto right now. But I think that could change. Yeah, I think the high correlation is just straight fake news. I think it's legitimately untrue in a general sense. If you look at Bitcoin's history for nine out of the last 10 years, its correlation has been below 0.25. It was only in that one year of the most extreme QE we've ever had to S &P 500 has been below 0.25, which is effectively zero. It's only that one year with the extreme QE that the correlation spiked to like 0.5, 0.6, which still isn't that high. Like any asset, it's driven by multiple factors. Macro is one of them, but crypto specific is the other one. Historically, that's the primary driver. It's only because we had trillions of dollars of stimulus and zero interest rates. So if we're in that environment, of course, that's going to dictate things. But in any normalized monetary and federal environment, it's going to have a very low correlation to risk assets, effectively zero. At least that's what it's done historically. Pretty much everything became a risk asset or a non-risk asset. Tesla wasn't trading based on the number of cars it sold. It was just trading on a risk basis. But long-term, crypto is driven by crypto factors, which are not stock factors, which is what makes it so valuable in portfolio settings. Any final word from you? One thing I would just say is we talked a lot about Bitcoin and crypto. I would say personally, I don't think they're the same thing. Bitcoin is a crypto asset. Crypto as a broader thing, when people often talk about it, they're talking about smart contract platforms, decentralized application. Many of these tokens have different economics and they have very different fundamentals when you look at the technology. So I would just caution people to think about it. Yes, this is an alternative asset class, but they are not all the same. It's very late to start defining terms, but there's like 20,000 tokens out there. And when I talk about crypto, we just talk about the 100 or so that have some economic ecosystem involved. So it's software that someone is paying for some level of functionality related to that software. So yeah, that triggered my thought there. Alrighty. I think that's all the time we have for now. I didn't see there was a question about real-time settlement. Sometimes I didn't see it, but we answered that. I think there is, the answer is yes, there is going to be real-time settlement in the global financial system as a technology. Thank you so much for your time. A round of applause for the panel, please. Thank you. Today's show has been produced and edited by senior producer, Michelle Musso and associate producer, Ryan Huntington. Our theme song is The News Tonight by Shimmer. Thanks for listening.
A highlight from Ep385: Stop Having Boring Shows By Using These Storytelling Tips - Reena Friedman Watts
"Try to find other ways to collaborate and continue the relationship versus being just one and done after the episode. A lot of people like they do an interview and then they never talk to that person again. Don't be that person, then your show will continue to grow. Most hosts never achieve the results they hoped for. They're falling short on listenership and monetization, meaning their message isn't being heard and their show ends up costing them money. This podcast was created to help you grow your listenership and make money while you're at it. Get ready to take notes. Here's your host, Adam Adams. What's up, Podcaster? It's your host, Adam Adams. And today I'm with Rina Watts from Better Call Daddy podcast. Better Call Daddy is where she'll interview just about anyone, about anything, interesting things. It's totally uncensored. And at the end, she has the guest ask her father a question because she says her dad knows everything and anything. And so they will ask. And I was recently featured on the podcast. I didn't know what to ask. I was like, geez, like where do I start? And unfortunately I wasn't prepared. I didn't have my question in front of me. So I came up with a question and it was like, what did your dad think when he had a girl? Because I've got a couple of boys. I have two sons and for the most part, boys are pretty easy. And you do want to raise them as gentlemen, but I think I would freak out if I had a girl. I would lock her in a whatever, like some type of up high thing. I would lock them up and I wouldn't let anyone see them or talk to them. I would be that weird controlling, scared to death dad, like we hear about in history. So I think God or the universe knew that and just gave me boys. That was perfect. So yeah, that's why I asked on her podcast, Better Call Daddy. So when that episode comes out, the link to it will also be in the show notes here. So you could probably just scroll down, check out that link to Better Call Daddy and also specifically that episode. And you can also connect with Rina on any social that she wanted you to connect with. Everything's down there. Her whole bio is also in the show notes as well. So anything you want to do, like finding her, connecting with her, getting to know more about her, just scroll down. Let's get into today's podcast interview about podcasting ultimately. And it's interesting because Rina has had her episodes. She's been going for well over 300 episodes and soon she'll be crossing 400 episodes. She's been really doing it for a little while. I want to find out like what has kept her there because for one, there's something that's true and it's called podfade. And depending on who you ask and which study it was, studies show that most people don't get past six or 10 episodes. Most podcast hosts never get past that. So she's in the 300s right now and she has 173 ratings and or written reviews on her podcast. And so it's like, what did you do to get all of that? Obviously, there's something good that she's doing. I will mention something that's part of her bio real quick. And it's that she worked with another person and she actually helped get ultimately top guests for them. And so I want to talk a little bit about today on this podcast, like how do you get top guests? How do you reach out to them? Because most of them have gatekeepers. So we'll talk about a few of these things. First and foremost, Rina, I've talked a lot, so I want you to say something. So I'm going to ask you a question. When was it that you launched your podcast? I want to hear the when and the why and the how did you launch your podcast? When, why and how? Great question. I launched in July of 2020. But even before that, I was thinking about it for a long time. So I had co -hosted someone else's podcast years prior. It started off where I was just booking guests, but then it was like two guys, they were both recruiters and they were like, Oh, wow, you've brought us some really interesting people. How would you like to fill in? And so that brought me back to my radio days. I worked for an NPR station in college and I really like the radio medium. And so they let me co -host a few times. And I got excited because I saw the numbers growing and I liked booking guests on that show. So I had gotten my feet wet, which I think is actually a good idea for podcasters. Either guest on other people's shows, co -host a show, starting a podcast, like you're talking about this pod fade thing. It's a lot of work that I feel like people don't think about. Marketing is just as big a piece as recording the episode. It's probably a bigger piece. Marketing is where I feel like people get burned out. So here's how I keep that easy. In the beginning, I literally was just sending an audiogram and a graphic and links to the episode. But then I built upon that. Then it was, Oh, hey, here's some copy you might want to use. The easier you make it for people to share, the more they'll do it. So send them different clips, send them audiograms, send them copies, send them links to the episode. And like you just did a pro tip, see how you can link in the show notes to help them. Do you have a website? I have a website. I have a blog. You have a blog. You have an email list. I have an email list. Try to find other ways to collaborate and continue the relationship versus being just one and done after the episode. I think a lot of people do an interview and they never talk to that person again. Don't be that person. Then your show will continue to grow. Can you guys do an Instagram live together? Are you talking to a streamer? Can you do a Twitch? Can you do a social media collab? Are you talking to somebody who's good at graphics? Can they make you a meme? Think of different things or different strengths that the other person that you're talking to has. Are they really good at rev share opportunities? Talk about affiliates. What is the other person that you're talking to doing that's working that you can get in on or learn from or also do? Interesting. Thank you for sharing all that. I keep going. I'm hung up on something though because I did the math. I looked. You had something that went out like on September 4th. You had something went out on August 28th and then August 21st and I'm noticing that it's about once a week. Yep. I've gone down to one a week. In the beginning, I was insane and did three a week. Ah, that's where it is. Okay, because I pulled up my calculator. You basically have been going a little over three years and so I calculated basically there's 52 weeks a year and you should only be on like 150, 160 episodes right now. You're like 330 -ish, so like more than double. I was going to ask what happened there. So let's talk about this because I know some podcasters who launch and maybe they're doing it or triple it. So they switch it to three a week or they switch it to one a week from one a month or I know maybe there's three somebodies actually who have gone to daily who started with like every other week or once a week and now they're at like five or seven a week. But for you, you mentioned that you had at three and that lately has been at one and I want to find the pros and cons. I want to find out why. I want to find out if it's working better. Were you getting burnt out? Why change from three to one? That is a great question. Well, there were multiple reasons. I would say a bit of burnout. Yes, like I wanted to stay fresh and now I batch record too. So I'm like six, seven weeks ahead of like releasing one a week. I think that if you only do one a week, then you're able to market it better. You're able to be fresher. You're able to do better research for the people that you're actually interviewing. You can be more selective in who you're picking. And here's another thing. There are some podcast hosts like yourself that do solo episodes as well. I haven't really done solo episodes. But what I have done is I've had other people interview me. I mean, I've been on other people's shows. So if somebody interviews me well, I will take that interview. I'll create a custom intro. I'll have my dad listen to somebody else interviewing me and then I'll have him respond to a good interview. So I've taken some of my best interviews of other people interviewing me. And I've re aired those on my RSS feed. It just gives you more content gives that other person another boost. It reintroduces an episode a collaboration. So I've done a few of those. But I have talked to other podcasters that, you know, are getting thousands of listens on each episode. And I am finding that they're either doing best of they're doing shorter, solo episodes, or they're doing tips. And those episodes can get just as many downloads as an interview. So I'm thinking about potentially maybe doing some extra daddy segments like me and my dad like reflecting on certain episodes that have stayed with us or daddy tips or I'm playing with that idea as an evolution. So there's a couple things that you said, one of them is that you can be more selective with the guest. And that makes complete sense. If you feel like you have to do seven episodes a week, three episodes a week, then it can get challenging to batch all those it can get challenging to stay ahead of the game. And so there is technically a likeliness going up of you being okay with somebody who is less quality. And so you avoid that by doing fewer. You also mentioned the truth is I'm like thinking on the tip of my head, like there was another reason that you said you slowed down. What was the other reason that you said you slowed down besides being able to monitor them? I was a bit getting burned out. I mean, I was cranking out so many that I wanted to make people want to listen more too. Like if you just give them out so easily, right? Oh, marketing. Marketing was the other one. I did mention the burnout. Somehow I just accidentally mentioned the burnout and forgot that I said it, but I mentioned the burnout and I mentioned the being able to focus on the guest and having good quality. But the other one that I missed that you did say is because you felt like you could market it a sec. Definitely. You can market it better because then you don't have to like, get out your clip, get out the graphic, get out everything. One day you can space it out. And the more you space it out, you're going to hit different people seeing it. I mean, you've got to really promote something like seven times for like your audience to see it. And here's another thing too. I've started working at cool .fm one day a week and I'm re airing best of episodes there. So I'm airing them sometimes a year after they've already aired. And a lot of podcasters, once they air it the first time, they never talk about the episode again. I try to find ways to get my back episodes re listened to. So I just interviewed the Jewish matchmaker, the host of Netflix's Jewish matchmaking. I had interviewed four people from Indian matchmaking a year ago. So I'm like, hey, if you liked Indian matchmaking in her episode, here's the links to those four. And now here's the Jewish version. Okay, cool. So your podcast Better Call Daddy, is it something that you make money from or no? Everybody wants to know that, right? It has led to me making money. Yes. Is it like, does it feed into a business or is it more advertising dollars? How have you made money through your podcast? In lots of different ways like entrepreneurs do, right? So I have made money by advertisers. That is not the route I'm currently going. I have made money through affiliate sales. I've made money by coaching other podcasters who are just starting out in how to do it better. So I do like coaching calls one on one, or I've also helped people produce their own shows. Okay, cool. In that last one, where you're supporting podcasters, is that something that you thought you would do in the beginning? That's a great question. So in the beginning, I did kind of want to demonstrate my love of marketing. Like, hey, if I put together something and package it cool, other people will want me to try and help them do that too. That was a thought, right? But it was kind of a pipe dream. I hadn't done it. I had worked in production before behind the scenes. I got my start in reality TV. I've worked in radio. I love production. I love storytelling. But had I helped somebody from start to finish do it? No, but it led to me doing that multiple times. Yes. You mentioned storytelling and loving storytelling. And I think that podcasts are a lot of storytelling. I'll even tell random stories that are more parables. It's not even a real thing. Obviously, I've made up the characters. They might be ducks or cave persons or something else. So I'll frequently tell stories. I'll tell stories about clients. I'll tell stories about people that have worked with our company and what they're going through. And frequently, if something comes up, I will liken it to an actual story. Because I think that that is really helpful and supportive. And on your podcast, you get interesting stories. Like you're just talking about interviewing people from Netflix on Jewish matchmaking and Indian matchmaking. I know that you've had phone sex workers. I should say the whole thing. Yeah, it sounds totally different if you don't use the whole thing. But on the podcast, and it sounds like the stories are kind of a big emphasis. Would you share why you think that they are and then after the why are they a big deal? Why does it help? Kind of the how the listener can be better with their stories on their podcast? Yes, that's a great question. So why? I just have a fascination and curiosity. And I have crossed paths with lots of interesting people. That's why I also thought I should have a podcast like I've kept in touch with people that I worked with in 9911 and VH1 and E and special effects animation companies and producers and directors. And I feel like a lot of people are and I wanted to bring some of those conversations into the forefront. How the phone sex worker is an interesting one, but I was a coach for Kathy Heller's launching a mastermind. And one of the girls that was in my group was a mental health worker by day and a phone sex operator by night. And I'm like, hell yeah, that's mompreneurship at its finest. I want to hear that story and talk to me like you talk to them. You know, like, wait, so you had her do the voice and everything? Hell yeah. But that was what did she ask your dad? What did she ask your dad at the end? I don't remember, but my dad has got a sons of humor. So I've had women on that have been sex trafficked. I've had a lady on who was a dominatrix. And there's been some funny moments in my dad has a sense of humor. I even had on the host of Netflix's show, how to build a sex room. And my dad was like, he's open to listening to it, but he's like, that's a little out there for me. He was like, I think I'd rather have like a romantic dinner and a walk on the beach. Like my dad. So like old fashioned, he listened to the whips and chains, but for him, that wasn't like so much a turn on. Okay. All right. So it would have been weird if he shared that it was with me. It was how would the listener? No, I'm hearing what you're saying and ignoring it on purpose. Okay. How would the listener think to themselves like the best way to adding in people's stories or their own stories to help with engagement, entertainment, and probably even sales persuasion? Okay. So one thing about storytelling that I've learned is it's really a dance between the and interviewer the interviewee, right? Like you're sharing a bit and I'm sharing a bit and you're really listening for how you can keep the conversation going. You're not just going to your next question. How do you know that? How do you know? I don't just have seven questions that I need to get through in the time of 20, 30 minutes. You can feel it. I can feel it. I like that. All right. Well, keep going. I didn't mean to interrupt you. Hear it and you can feel it. Yeah. So it's okay to have bullet points, but I shouldn't be able to tell it's okay to do your research, but don't be so married to your questions. You have to leave room for magic to happen in the conversation. You have to genuinely be interested in what the person's saying. And I think also new interviewers don't do little things like, tell me more. How do you feel about that? Just little followups like that can make the person who's telling their story open up even deeper. And they love that. So those little tricks of getting a deeper answer from the person who's telling their story will make your story better versus just having a big question and answer, but try to get deeper by just giving them a little yes and. Okay. So to be clear, one of the things that I think I'm hearing you say is if we're interviewing, a thing that we can do that can be beneficial is ask more questions about what they're already talking about. Yes. How did you feel about that? What got you into that? Tell me more about that. These are good things. Is that right? Yes. I love how you just re -paraphrased that and said it better. That's another really awesome technique. Some people are really good at paraphrasing. And actually, the reason I decided to have my dad at the end of my show is because my dad is really good at summarizing what I say and saying it in his own way, but he knows me so well that he's able to connect my crazy thoughts. And I think not everyone when they're starting out podcasting is able to give people the key takeaways at the end. So have a notebook next to you and write down maybe your key thoughts that you want people to remember. That's another really, I feel like, advanced technique in storytelling is what do you want to leave the audience with? Give people those main points at the end. And I love that my dad does that for me and he puts his own spin on it. Yeah. I like it. I'm writing that down. So that's why you don't hear me asking a question. Main points down at the end. I've got some good notes from you so far. We're talking about how you launched a podcast July of 2020. You started out with doing multiple episodes. You slowed it down. And there's a lot of reasons. You were feeling overwhelmed. It was too high of a cadence, but you also justify that with some other things that can be beneficial. For example, it's like, now I can really hone in on who I'm having on. Additionally, not only am I honing in on it, but I can market a little bit better. And I can pull out new things and share them for a while. And you also mentioned how you do what's called callbacks. I was watching a comedian and he was talking about his own callbacks. And he was talking about, he's like, my jokes are so funny because I can do all these callbacks. So he had this whole skit and he kept doing the callbacks. And I think any good comedian will, where they jump into a point that they had mentioned earlier on in the joke. And they wrap it all together. For example, if we found a way to talk about phone sex workers again later on in this, or like where all of a sudden it's just like that phone sex worker or something like that. This is a good way to call back. And you do it with previous episodes. You mentioned that when you're doing the Jewish matchmaking, I think you said, but you had already done with the Indian matchmaking, I think. Is that correct? And so you put the four episodes in the show so now people can get to it easier. And also you mentioned it. And not everybody who comes on this show talks about callbacks like the comedians would, even in the same episode and referring to things that we've talked about before. And not everybody talks about callbacks in the way that you mentioned where you basically share a different episode that you had in a previous time. Like if you like this, then you might like that. Or we're talking about this today, this other episode also talks about it. I like the feedback about using stories, storytelling. And in a way, I just used storytelling of me just watching a comedian talking about callbacks to emphasize a point. And I didn't notice it until I'm looking at the stories right now. But these things where we bring in outside stories or other people's stories can really help to be able to be, as you were illustrating, helps us to be able to be more entertained, to learn more, et cetera. And then you mentioned something that I'm kind of doing right now in a way. It's like it's hitting the main points. And your dad does that at the end of your episodes. I try to do that at the end of episodes as well. I call it tell them what you're going to tell them is the first part. The middle part is tell them. And the last part is tell them what you told them. And so it's like, we're going to learn about this. And then you teach them the thing. And then you say, today you learned, and you share it. And these are like giving those main points, making sure that they're down. And so we've had fun already so far. But we've also learned a few really cool things from you about promotion, callbacks, stories, and repeating the main points. I want to take a quick break. When we get back, I'm going to talk more about how you make money. I'm going to talk about your best advice to a podcaster find and out if there's anything you're struggling with. So how you make money, main thing that you want to share with a podcaster. And we'll be right back.
Fresh update on "triple h" discussed on Level After Next With Katie Barnett
"And that's really kind of where the tech adventure started was just after getting that job and playing a position, the mission as a civilian and making really good money, I was just like, man, I really want freedom. I want to own my life. Making this amount of money is great, but I worked a lot and I didn't really own my time. So I just became obsessed with like, how can I actually own my time? How do I make half of this money, but not have to trade hours for it? And how do I extend my vacation time? That was kind of the thought, how do I actually create freedom? I think so many people get feeling that way, but very few people end up asking those questions in a way where they're gonna seek to find those answers. So what did it take for you to leave something that was bringing in good money, but was taking so much of your time freedom away to kind of turn and be like, I'm gonna do something bigger here. Yeah, so belief, and I just got to a point where I was more afraid of regret than afraid of failing, attempting something that had a high probability, or at least that had a high belief level that could potentially work. So I'm pretty risk adverse. I know that's not maybe what you hear normally, like from entrepreneurs, burn the bridge, sink the ships, do your thing. That's not really my mantra. I'm more tactical with regards to working your job, working the thing that's paying you, and minding your freedom. So whatever it is that's paying your bills and taking care of your foundation, and I even try to limit the foundation that I really need. What I mean by that is reducing expenses and living small so it's easy to manage, and then working double time, triple time, focusing on the thing that's going to be my escape. And when I say escape, the thing that I was always working towards was this life I didn't need a vacation from, and the vehicle that would take me there. So that ended up becoming tech. It made sense. Like apps made sense. E-commerce, the digital real estate sort of world made sense to me, versus anything else that I racked my brain on. And yeah, I just, I gave it a shot, and I've been giving it a shot. I'm still learning, and I don't feel like you ever really arrive as an entrepreneur. If you do, maybe, I don't know. That's still, I don't think it's possible, especially at the rate at which things are always evolving. But yeah, I'm still a student. I'm still aggressively curious, and I'm still learning and figuring things out. I just have a different response when things go wrong, I think, or when things need edited, adapted. I think that's what, at least a lot of the people that have hit high success ranks, titles, money in their bank accounts tend to have those characteristics of adapting and overcoming. Absolutely. So that's really kind of the name of the game. Yeah, and I mean, I think so many of the things that you said are just true for anyone who is committed to being an entrepreneur, continuing to grow that belief. And then the constant learning, like forever learner, it's always gonna be a journey, and it's always gonna take you somewhere even better. So I love that. So you started in the app zone, right? Yeah, so I actually started in SaaS, which stands for Software as a Service. My first platform that I ever built, that actually made it to the shipyard. You know, I've been scammed, right? Like the process of becoming a software company or an app owner was very, you know, it was treacherous, man. There was a lot of obstacles. There was trying to find an actual developer that could bring my ideas to fruition. There was navigating through the scams. There was navigating through just becoming a good product manager in general, like communicating what it was that I wanted to bring to fruition effectively. So there was all these different obstacles. And the first one that was a success, right, was after several attempts. And that one was in a social media space. So we built a SaaS, which was a web-based platform that basically helped people get found on social media. So it would automate somebody's typical activities on Instagram. It would like, comment, follow, view stories, et cetera. And it would drive attention from those activities back to the user's profile so they could create more engagement. This was years ago before functionality was stiff-armed and frowned upon, and it was really effective. Literally thousands of new views and engagements and follows would happen as a result of automating those activities really easily for targeted interactions on Instagram. That's awesome. But that, yeah, so that was like the first one that worked really well.
A highlight from Tim Burton - 'Wednesday' [LIVE]
"Hi everyone and thank you for tuning in to the 507th episode of the Hollywood Reporters Awards Chatter Podcast. I'm the host Scott Feinberg and my guest today is a filmmaker unlike any other. With directing credits dating back some 40 years including 1985's Pee Wee's Big Adventure, 1988's Beetlejuice, 1989's Batman, 1990's Edward Scissorhands, 1994's Ed Wood, 2003's Big Fish, 2005's Corpse Bride, 2007's Sweeney Todd, 2012's Frankenweenie, 2014's Big Eyes, and most recently in 2022, half of the eight episodes that comprise the first season of Netflix's giant hit drama series, Wednesday, for which he is personally nominated for two Emmys, Best Directing for a Comedy Series, and as one of the show's executive producers, Best Comedy Series. The New York Times has called him a visionary artist, noting, quote, he has developed a singular if not easily pinned down sensibility. His style is strongly visual, darkly comic, and morbidly fixated, but it is rooted just as much in his affection for monsters and misfits, which in his movies often turn out to be the same thing. He all but invented the vocabulary of the modern superhero movie, brought new vitality to stop motion animation, and has come to be associated, for better or worse, with anything that is ghoulish or ghastly without being inaccessible. He may be the most widely embraced loner in contemporary cinema, close quote. His most frequent collaborator, Johnny Depp, who he has directed in 19 films, said that he is, quote, a filmmaker I admire, but he's much, much more than that. Without embarrassing him, he's a true artist, which is something I wasn't sure was possible in today's cinema. But he's the real thing. He's a visionary, an auteur, totally uncompromising, close quote. He's talking, of course, about Tim Burton. Over the course of a conversation in front of a large audience at the Burbank International Film Festival, including two of Burton's most celebrated and longtime collaborators, the composer Danny Elfman and the costume designer Colleen Atwood, the 65 -year -old and I discussed his complicated childhood and how it led him to pursue drawing and attracted him to characters regarded by others as freaks, how he wound up working at Disney Animation and then making his feature directorial debut with a live action film, the challenges of getting films made even with hits under his belt and what ultimately led him to TV for Wednesday, plus much more. And so, without further ado, let's go to that conversation. Hello, everyone, and Tim, thank you so much for doing this. Great to see you. I normally begin every episode of this podcast asking our guests where they were born and raised, which I think we have addressed, but I do want to get into it a little bit more because, you know, over the years, you have expressed that sort of what you just alluded to, that, you know, you were very shaped by Burbank. For better or worse, there were elements that were great, elements that were complicated. Can you talk about, but one thing that you've always said is that without Burbank and without those childhood experiences, the filmmaker we know today would not exist. So just break it down. Well, I mean, you know, I keep reading that I hate, you know, like the press has a way of sort of taking what you say and take out the nuance and subtlety and, you know, like go right to the core. But I think, you know, and when I said about whatever I said about Burbank, it had more to do with my own psychological state of mind than it did with the actual city of Burbank. You know what I mean? So and that's a bit too complicated and psychological to go into now, but in the sense that, you know, you grow up in feeling a certain way, Burbank helped shape me because, you know, there was like my first film school was the Cornell Theatre. There was this amazing theatre that was torn down, I think, in the late in the 80s. I don't know when it was, but, you know, they would for 50 cents, you could see a triple feature. Like, I saw one amazing, I saw War of the Gargantuas, Monster Zero and Destroy All Monsters in one go, you know, 50 cents. So that's where I learned my love of film and that really, so there was amazing places and it was incredible. There was like five movie theaters, Burbank at a certain time, and then they all got sort of taken away. But for me, that place, especially that theater was very, very special to me. And you've said that during your years in Burbank, which I think up until 12, you're living at, was it Evergreen Street? Is that where you were? Yeah, right down the street. Just down the street here. You can all walk over there after this. Yeah, we'll do a little. Check it out. Then you moved in with your grandmother also in Burbank, right? But as a bit of a loner, as a kid, you were kind of thinking about things, dreaming about things in everywhere from some of the cemeteries in town to... Yeah, the one right next door here, you know, I used to play around there, you know, that was, yeah. Yeah. You know, and I could look out my window, the thing that freaked me out, I looked out my window at Disney and this was like the weird, called the Bermuda Triangle of Burbank. Because I could see where I was born at St. Joseph's and then I could see the cemetery where everybody, all my family was buried. And I was, so it was like a weird Bermuda Triangle that I had to escape at a certain point because it was just too scary. Now, you've also said that as a kid, you were, you know, not only a bit of a loner, but sort of not particularly communicative, verbal with other people. You lived in your imagination, which manifested itself through drawing. Can we talk about how that entered the picture? And as was noted, I mean, to the extent that it was, you were talented enough that in Burbank, your work, anti -littering art was on the back of every garbage truck. I wanted $10, and at that time, that's probably like about a million now. Right, right, right. But drawing was an outlet for you. What kind of things were you drawing as a kid? Posters for trash trucks, I don't know, I mean, whatever. But also, I mean, the movies that you were drawn to, and I believe maybe therefore some of things the you were drawing were things that other people might find frightening or scary, but that you actually, in a way, related to, right? Like what are we talking about? Yeah, but I mean, like, you know, I didn't feel that different. It felt like, you know, I love famous monsters. I wait for that magazine to come out. I love monster movies. I live near a cemetery. You know, I mean, you use what you have, you know what I mean? Yeah, yeah, yeah. So it was good. Totally. And I think also, too, growing up in Southern California, where you don't really have seasons, I think that's why I kind of got into, you know, like things like Nightmare for Christmas or Halloween, just because it gave you a sense of occasion, a sense of season that you didn't get through the weather, you know, I mean, to experience, like holidays, you had to go like to the main, like, at Save On and look at the holiday displays to kind of experience.
Fresh update on "triple h" discussed on What Bitcoin Did
"Well, it was interesting because we just did an interview with George Gammon and Jeff Booth. I'm a big fan of Jeff Booth. I love his book. Yeah, I love everything he talks about in terms of ideas about deflation. I just think he's a very smart guy. We should talk about that, the inflation versus deflation debate. It's really interesting as well. But George came on and I think what it is, is I think the different points of view they were coming from is George had a lot of questions about Bitcoin and its role. But he was really challenged in Bitcoin in terms of the current structure of the global economy or even local economies, thinking about how credit works, debt works. And Bitcoin's role within that and the restrictions you get from Bitcoin, the design of the technology, whereas Jeff was coming from a point of view saying that's not how you should be thinking. You should be thinking of a complete redesign of the system because of Bitcoin. And I actually thought George made some very good arguments, had some good questions. But you go into the comment section on YouTube and the majority of the people in there saying George is an idiot, he can't think outside the box. You know, George doesn't get Bitcoin, what's his issue, like so many comments. And there was the other one going, actually, I think George asked some good questions. And I think the only fair position to take was they both make interesting points, they both have interesting questions. We have no idea whether Bitcoin is going to reshape the entire global economy, global markets, or whether it's going to be a tool that sits within it. None of us know, but it's really good that people are asking these questions so we can debate it. I think we can make, I think we can make some pretty good educated guesses about how Bitcoin is going to involve itself in the global economy. But that's the difference between an educated guess and a position of certainty. Because I think the problem with the position of certainty, there's two issues, there's probably multiple issues, but two issues I have with absolute certainty is that you're probably going to get disappointed. But when certainty exists, that's where you get the groupthink. Because if the right person acts with certainty, there are certain people who have written books in the world of Bitcoin, they say things with such certainty. They're like, they're like the Pied Piper, as soon as they start saying, like, I don't know, dogs are a scam. Everyone's like, yeah, dogs are a scam. You know, and I think in some ways that becomes a problem because it makes us all look like fucking idiots. We have, I'm going on multiple topics here, but, you know, we have a branding issue with Bitcoin. I talked to my friends, they're like, yeah, I see your Twitter, Pete, you're all fucking psychos, you're crazy. And we need to get away from that crazy talk and have a better way of explaining our ideas. No, I agree. And this is my frustration, too. I mean, I go into a lot of rooms with, you know, a lot of, you know, well-heeled people who are quite interested in Bitcoin and like they see like potential there. And people often will prompt me and say, you know, when I look into it and I Google it and I go on to some of these like Bitcoin publications or I go on Twitter and I see what like people are talking about. And it just seems absolutely crazy to me the things these people are saying. And then I recoil and then I'm like, I don't want anything to do with this. I mean, that has been something that has come up a few times. And I think that, well, one, you know, Jeff Booth and I have argued about this a few times when we've been in the same place. And we had like a down in Costa Rica. I think we had like a two and a half hour debate with each other on this inflation deflation conversation. We could have done whatever the mics are. Yeah, no, that would have been great. No, you know, one thing actually. So Jeff and I don't like completely agree on on this point. But what I will say about Jeff is I think and I think I know I'm presuming here, but I think he would say the same thing about me is that like he's actually one of the more intellectually honest people that I've had disagreements with because he will debate in good faith and he'll make a good faith like attempt to sort of understand what I'm saying and respond to it. And and like admit like when he doesn't have a good answer to something, Jeff's great. I would like he's just this really productive guy to have a conversation with. And so I really love Jeff. I hope the feelings mutual. But I do disagree with him on a few things. Right. Like, you know, and everyone should go read The Price of Tomorrow because it's a like it's a really, really well presented case for like the general argument that a lot of the productive gains from technological breakthroughs, you know, over the last 40, 50 years. Have not necessarily been distributed as they might otherwise have been given a stable money supply. I think I'm if I'm if I'm kind of summarizing his sort of core hypothesis accurately. And I'm not I and I think Jeff knows my position on this, too, is like I'm not 100 percent sure that like I'm fully bought into to why that's true. Right. Because and at least I'm not sure that we would have had the same level of economic growth. If we had had a stable or a stable or decreasing money supply. And the reason why I think that's true is I think there's a and this is a common fallacy and it's founded neoclassical economic thinking these days, as well as classical economic thinking, particularly focused around like the Austrian School, which is this idea that that there's an ideal equilibria of the of like of like money, like money supply. Like like fixed money supply as like a sort of a perfect proxy for economic activity in particular, in particular, like the degree of money which is saved is reflects is reflective somehow of the productive capacity of the of of the economy to sustain sort of like investment and risk taking. Another way of putting that is like if you think about, you know, imagine a hyper Bitcoinized world with, you know, everyone's using Bitcoin for everything. And so we have 21 million Bitcoin. We're limited to that. And let's say 30 percent of that is saved. Right. So there's going to be a market for accessing those savings for lending, like like like people want to borrow money, factories want to borrow money so they can retool their their factories and make them more efficient. Some some companies want to undertake research and development or take risks on new new technologies. Venture capital largely plays that role in our economy. And like so the cost of money is really, really important to risk taking in our economy. So in the hyper Bitcoinized world, and this is kind of why this kind of this is kind of the core to my thesis as to like why I'm not fully bought into the idea that hyper Bitcoinization is ever in the cards. And I'll get to why I think Bitcoin is still a very important part of the future of money, even after I almost sound like I'm making an argument against it. But if you imagine a world where money like sitting on money is going to return to you three, four or five percent a year of of increased purchasing power, what that means and economists might then say that that represents like a three to five percent risk free rate. Right. So so if you're going to go and borrow money now, the cost of borrowing money is going to be the risk free rate plus whatever like the cost of servicing that debt is plus the cost of the amortized or fully distributed loss rate of that is. And then so you're going to get up into a world where you're never going to see a world where you have anything short of like eight, nine, 10 percent interest rates on debt in a hyper Bitcoinized world. It's just going to be very, very expensive debt. Some honest people on the other side of this debate and I've noted that that that beauty on has been one of the few, few honest Austrians about this. And he has conceded that that's that this would lead to an economy of thrift, that that he kind of concedes the point that I'm making. And he will argue that's a good thing, that we'll we'll tend to spend our money on things that last longer. We will be more discerning with our purchases. We won't be a consumerist culture anymore. That's actually kind of an honest sort of like like understanding of what one of the consequences of being on a on a fixed supply commodity money would have for the world. They would it will push the cost of taking risks much, much higher now. So where this comes kind of comes back to my my slight disagreement with with with with Jeff is it's not clear to me that government, you know, incentivizing lower borrowing rates has not led to greater risk. I don't know that that do we get Apple and Microsoft and and and Google and all these these these massive companies that kind of spawned in the same era that we that we often talk about. You know, there's the this obviously all fits in the era inside underneath the graphs of WTF happened in 1971. Like is was there an increase of risk taking that wouldn't have otherwise happened under a more constrained money supply because interest rates would have been much higher. Therefore, like investors seeking like would be less likely to take higher risks when they can get 5 percent returns just basically stuffing their Bitcoin in there under their proverbial mattress. And I think that's like the other side. I think this is the other side to the debate around deflationary currency. And I think he really that I and I think that so this is why I think beauty on, you know, and I obviously don't agree with him on Austrian economics, but I at least agree with him that he is at least he has at least like correctly inferred the implications of what he's saying. And I would argue, if that's true, then that is just going to mean like de-growth, basically like and I and I think that that is probably not the world we want to live in. Yeah. So, I mean, I think you're asking the right questions and they're fair questions. I've asked it before is more trying to understand other benefits. Have we had a faster growing economy, therefore lifted more people out of poverty, had better advancements in medicine and medicine tech? Do we get the radiology machines we have or the MRI machines because of this? Have we had more innovation because of that? And we can talk about absolute living standards, too, and the material. So I do have I do have some disagreements with the whole WTF happened in 1971 graphs. I do think there is a major, major missed. There is a very major missed interpretation of that data. First of all, like when we look across the last 30 to 40 years, there's this narrative that the middle class and particularly the lowest quintile has been falling behind precipitously since the end of Bretton Woods in 1971. Now, when you look at notional price data, that appears to be true, right? And I think that that's why those graphs are so startling and and and cause like such this intense, like moral reaction. The problem is, though, a lot of those graphs are not actually inflation adjusted. They're not adjusted for the average industrial wage across time. They're not adjusted for like a whole bunch of things. So like one of the interesting things that I think people should do when they're trying if you're trying to ask yourself the question, is the working class, the middle class, like, are they advancing or are they sitting still or are they declining? Price levels are a really bad way to figure that out, because, first of all, like you have you there's just there's all these concerns. There's like these hedonic concerns that you have to sort of sort through in order to like sort of figure out what's really going on. Like you have to know what people want first before you can judge whether or not they're getting it right. This is sort of the where hedonic weighting comes in in economics. And there isn't there isn't like this kind of comes back to the homo economic this thing, right? Like so if I am this if the average person wants to eat a lot of macaroni and cheese, right, then whether or not someone can afford a lot of macaroni and cheese is a really important economic indicator. Right. If people don't if no almost nobody eats macaroni and cheese, you probably really shouldn't care that much at a policy level what macaroni and cheese costs. Right. This is this is what hedonic weighting is. It's it's it's why when we measure inflation, we do consumer survey data. We go out there to figure out what are the basket of goods that consumers are telling us that they want to buy. And then we are going and we're we're calculating the CPI based on what people are telling, you know, various different government agencies around the world that collect this data. And a lot of people say that that's suspicious, that we should maintain a constant basket across time. And then I would suggest, well, is that really what you want to do? Because the 1978 basket, which is sometimes used by people to prove that inflation is actually higher than than than is stated, well, it wouldn't have it wouldn't wait the cost of Internet access. It wouldn't wait the cost of mobile phones. It wouldn't wait the cost of anything. So it's like, are you really saying you want to leave that stuff out and not track that? Because that's what would happen if you use the 1978 standard. And a lot of and a lot of people who use who use this as an argument either don't understand that or they're intentionally misrepresenting that. OK, so what you're saying is the amount of this, like we've got more optionality of the things we want. You know, when we didn't used to have a mobile phone, you know, we could have replaced part of our food purchases with, you know, having a mobile phone or Internet or holidays or in our food preferences have changed. Like, you know, I'll give you another example, like secularly, we know that that that sugary sweet sodas have been in a sort of secular decline. Like, I don't know about what is in the UK, but I know here in the United States, like Americans are consuming less and less like Coca-Cola and Sprite and and root beer. And they're increasingly consuming, you know, like flavored sparkling water, right? Like they're quiet. And this is why like these like why why Coca-Cola and Pepsi have been like really investing in a lot of these brands like to do this. That's a change. So like that means that the cost of Coca-Cola right there to the average consumer is less important. And so when you're calculating the CPI, you want to take that into account. Right. Because people's preferences are changing. They want different things in aggregate. That's going to have negative effects on the economies of scale of those things that are falling under favor. So it might not. So it might not even it might even be expected that they would increase in price, given lower economies of scale, just based on secular shifts in in consumer preferences. So calculating inflation is not straightforward. And a lot of people who think that there's an objective measure and the government should just be using that objective measure and not recalculating the basket of goods all the time really don't know what they're talking about. Like this is a really this is a really, really hard problem. And and I and consumer survey data is really our only way to like get to that that answer. And it's not perfect. Right. Just like no polls are perfect. They don't perfectly measure political, you know, people's political views and stuff. And so these consumer surveys that we do to to calculate the basket of goods that we're measuring against are not perfect either. There's a lot of criticisms of them, like those criticisms should be heard and responded to and considered. But like that's pretty much the best we can do. But OK, so what what would you say that are the fair measures? Because, you know, it's not that I disagree with you, but, you know, I've certainly living in a world where I'm yeah, I'm seeing noticeable changes to living standards across the board. The three big ones, the three but the three big ones, the three big ones are housing, food and energy. Yeah, like those those are the really, really big ones. Those are the ones that are pretty constant across time. And we can look at and we can see like what has happened to those things over the last. You know, there's there's other ones that are important there that they're a little further down the list, but pretty still high, like education costs, health care costs, transportation costs, transportation, obviously, highly correlated energy costs. So but so if you look at something like housing costs. Yeah. And what's the measure as a percent of your income, the average? Well, depends what you're measuring. This is like a really interesting one. So, you know, there there is a there's two ways you can measure the cost of housing, right? Like one is the prevailing rent, you know, in in any given area, which most economists will argue is the only real way that you should tip that you should measure the cost of housing, that like you really shouldn't overly focus on the purchase price of houses, that that's actually the wrong thing to do. And you'll note it because one of the things you notice is that and there's this like thing in in real estate, there's the rent to price, rent to price ratio. And when and what we've seen over time is the rent price, rent to price ratio has been actually increasing over time, which like, you know, we can kind of get back to the effect of zero interest rate policy and sort of the when when these things go too far. But like the amount of leverage that consumers have had to kind of go out and and take out jumbo mortgages at 1.7% APR has allowed them has allowed a fixed relatively fixed supply of housing, particularly in this country, which has been very antique construction when it comes to housing is going up against consumers who are operating with more and more leverage. So lo and behold, actual actual clearing prices for houses are going up and up and up and up. But rents haven't tracked at the same at the same point as price, which actually I think a lot of people might be surprised to hear. In fact, rent to price ratios have proven pretty stable across time and have tracked incomes like pretty well. So if everyone was just renting right now, the effect of housing costs would be a lot more muted. Not not that there haven't been real challenges there as a result of the housing shortage, but it's nowhere on the magnitude of price appreciation that we've seen as a result of all that leverage in the market. So like, I think and I think that's like a really, really important like point to be heard. In fact, we've seen rents coming down in places like New York and San Francisco since COVID. Whereas prices are still sky high and they haven't really moved much. But isn't the argument there then that people do want to own a house and they want to own a property? And yes, the rents might be stable, but the house prices aren't and it's pushing it further and further away from being something people can afford. I was chatting to Danny about it earlier. My dad helped me buy my first house. It's a hundred thousand pound house. He let me actually let me ten thousand, five thousand for the deposit and five thousand to furnish it. And I paid him back, you know, within a couple of years. I'm looking to help my son buy a house and it's considerably more. Even as a percent of the house to even get him close to being able to purchase something. And by the way, he'll probably get a flat where I got a house. And so there is there's a definite, you know, where I live in Bedford, that the house prices over the last two decades really have gone up and they don't match the wage rises. Yep. So that's that's to me. They're way ahead. In fact, it's pretty it's pretty bad. It's like I believe like average price appreciation on homes or like over the last like 15, 20 years has been I mean, depending on the market you're looking at, it's been like an eight to 11 percent per year range. Obviously, wages are not rising eight to 11 percent per year. Obviously, household wealth is not rising at that rate. And can we put some blame on the fact that, again, back to what me and Danny were talking about earlier today, I said I've been talking about retirement. Something gets on my radar now at 45. You know, how long do I want to work for? And one of the ideas would be, well, you know, if Bitcoin did X, I could maybe buy three or four houses. And yes, people would argue, keep the money in Bitcoin. But in my head, I get a steady income that comes in every month on the rents. But is it the fact that there's there's been so much cheap capital out there that there's a privileged group of people who have been able to do that, buy lots of properties, and that's taken away from other people? Like this is this is one of the this this is one of the valid criticisms that people have of the way that the fiat system has worked for people like this is there's there's serious wealth effects that come out of the like zero interest rate policy. Right. And that's like very real. And we should take stock of that. But we also have to but but there but I do think that one of the reasons why I sometimes put my my back up against the wall is not because that isn't true. And it's not something that we shouldn't like be concerned about in the sense that we've created this sort of like, you know, like this class of people who've been able to you like basically essentially get access to free money to leverage up their assets and become massively rich by doing that. But I think we've really we really burned the candle at both ends here, though, look, we can't underplay the role that land use policies, particularly what I mean by land use policies are local zoning policies and ordinances that have precluded the ability for us to expand the housing supply here in the United States and in other markets. Canada has a bit bad problem with this. Australia has a bad problem with this. London has a bad problem with this. Paris. There's a few like cities around the world that are kind of shining stars that are actually pretty good at at at at increasing their housing supply. Like Tokyo, surprisingly, as a city of like almost 30 million people, it's actually pretty good at expanding its housing supply as built up as it is. They have really, really efficient land use policies there. It's pretty straightforward to get a new building approved as long as it's within code, as long as like you take a whole bunch of different boxes. But and they're very like unpolitical in that sense. And so this this idea that like, you know, a lot of people make in places like San Francisco or New York or even here in L.A. to a lesser extent of like there's no more room. It's just nonsense. There's always for the right amount of money, like I'm going to sell my house and someone can build a 10 story apartment building on it. Right. If if the if the local authorities are willing to issue the building permit, that will just happen. Because if you have people flooding in, like there's always going to be there's always going to be a price that an existing property owner is willing to sell for. And there's going to be a willingness of a developer to take advantage of the demand for housing, to actually invest in denser and denser residential construction. And that's going to lead to a more stable housing prices. And and that's just something we don't do much. Like we we we say things, oh, like it will cast a shadow or it will alter the character of the city. It's ugly, like there'll be too much pedestrian traffic. Where's everyone going to park? Like can the sewage system handle it? Like there's this parade of like reasons why like local officials give for like never approving new housing. And like that is the like I want to really be clear about this, because a lot of Bitcoiners have argued with me and say, no, inflationary monetary policy is the only reason why housing costs are going up. It's like, well, like but like, no, no, it's not like it like like housing is a supply and demand problem. And and demand has been lagging supply for a long time. And by the way, not because developers aren't willing to build like developers in at least in this state here can sometimes spend five, six, seven, eight years in court suing local cities to observe their own zoning laws. Right. And to get ultimately towards this like builders remedy that we theoretically have here in California to allow that to happen. That's a real problem. This show is brought to you by Wazabi, who I am using to keep my Bitcoin private. Now, Wazabi is the easiest way to send and receive Bitcoin privately. And even for non-technical people like me, it is effortless and provides privacy by default. Now, with Wazabi, there is no minimum amount, so you can start coin joining straight away. And Wazabi makes coin join transactions together with BTC pay and Trezza users and BTC pay server users can make payments in coin join, which saves on fees and is a privacy improvement. Also, Wazabi just dropped a badass new feature. Now, Trezza suite users can coin join directly on the hardware wallet, which obviously is very cool. Now, if you want to find out more, please head over to www.wazabiwallet.io, which is W-A-S-A-B-I-W-A-L-L-E-T.io. Next up, we have BitCasino. 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Credit card interest rates are at an average of 21% and increasing. So by borrowing against your Bitcoin, you can end up saving a lot. Do you know what the best part is? With Unchained, you get to hold your own keys and can always verify that your Bitcoin is secure. And also, Unchained's loan dashboard gives you a health status for your loan so you can easily manage collateral when the Bitcoin price moves quickly. So don't be forced to sell the bottom and miss out on those potential gains. And if you want to find out more, please head over to unchained.com, which is U-N-C-H-A-I-N-E-D.com, and use the promo code what Bitcoin did to get $50 off concierge onboarding. I want to push back a little bit on that just because like in Australia, specifically, I know like housing prices are wild. And there's no real, like no one there invest in the Australian stock market, like if people are investing in the stock market, they'll tend to like invest in the American stock market. And then another proxy for that then becomes housing. And I think a lot of it is downside to basement and money looking for somewhere to store your money and housing being an easier option or a more traditional. But you got to be careful here. That's true. That's true. But this is where you really need to start thinking about political economy, like as a concept in these markets. Right. So, yes, one of the real reasons that kind of lurks behind restriction is housing policies. And in particular, like Sydney, Australia is really bad for this, by the way. In fact, there's a really good book by an urban economist named Edward Glaser called Triumph of the City. And I think he touches a little bit on Sydney and some of the problems there. But like the whole existing homeowners incumbents, like have an inbuilt like they sometimes let it slip. The mask sometimes slips that like if this happens or you build an apartment building there that casts a shadow on my house, it's going to affect my home value. Right. Boom. Like right there. The inbuilt economic incentive is whether I've like fully thought it through or not is for incumbents to resist competition, because by resisting competition, that means that the the equity, the marginal value of their home is going up. Right. And so they vote for governments that will restrict housing policies. They they form local community organizations to like protest new development. And at the end of the day, the political economy of it is like, yeah, we're trying to turn our houses into piggy banks. And one of the ways we do that is by protecting it from competition. And so that is in that that's a political economy problem that we have. And yes. And so but like the inflation side of it is not blameless here. Like we already mentioned how, given that being the state of affairs, if you have an expansionary monetary policy that supports low rates, by the way, it's not just low rates, by the way, it's also because we subsidize default like homeowners default insurance. And at least here in the United States, we have Fannie Mae and Freddie Mac. And it's like the actual like the actual risk of default is defrayed somewhat by the taxpayer here, which is like actually also a big part of of the cost of financing. But like that is like a really that is like one of the the really the key reasons why housing prices are spiraling out of control. And I think I think like Bitcoiners have a point to make here around the leverage and also the point you made earlier about people who have access to that leverage, being able to use that to like become richer and richer and richer by going out and taking out like really, really cheap mortgages and buying investment properties and running them out on Airbnb and turning it into like a massive piggy bank. That's real. It's like the real problem that that sort of cantaloupe effect is real. And I'm not debating that, but like that's not the only thing going on. The world is more complex than that. Of course. But this is this is the world of nuance, which doesn't always exist. And that's fine. And and that's why I think it's really important to to hear these counterpoints like you have, because going back to your issue of being sad at the dinner table, there is a lot of groupthink. And it's not to say some of these groupthink ideas aren't right or correct. But I know certainly I'm not smart enough to debate some of the very big issues that people have. Yet I could be sad at a dinner table. Somebody is asking me about Bitcoin. I might end up repeating things I've heard from somebody on Twitter because I don't I don't know the nuance and the detail. And then you can see how that can create a groundswell of people who suddenly all agree on something that might not be true. And so getting these counterpoints out or getting people to argue these counterpoints is really important. I'll add to that. I'll tell you why I think it's even more important now is that we were when we were Stephen Lubka earlier, we were talking about Bitcoin is we're basically a bunch of weirdos. So we're kind of like the outcasts or, you know, people like I was into punk rock and Danny didn't want to go to school. And I don't know what kind of outcast you may have been as a kid, but maybe you were a total nerd. And so we were all predisposed to being interested in something like Bitcoin and kind of what you mean, money the government can't touch. Well, I can buy weed on the Internet with like it's we're predisposed to it. But Bitcoin has kind of got all of us now. We're in. We're done. And if you look at the epochs of Bitcoin, you know, the first epoch was essentially the cypherpunks who wanted this, you know, this money the government couldn't control. And and the next epoch was the tech nerds who wanted to build on it because his technology was cool. And then the macro people came in because they're like, oh, this can change all the macro environment. And we got a bunch of kind of hostile people in that that kind of period as well. And but now we've we've kind of got everyone, you know, these different subcultures of anti-establishment or punk rock people who've predisposed to it. The next stage for Bitcoin is I say this with caution is black rock is it's that you're opening up to the world. Yeah. And when we open up with black rock, we open up to everyone. We open up to our moms, our dads, our grannies, the institutions, to our friends. Well, this is sorry, but let me just finish on the point. And therefore, what we do is we make it so commonplace, like everybody suddenly needs it, but everybody suddenly needs it. I know most of the arguments that some Bitcoiners are making, even if they're right, just communicating that to my friends in a way they can understand is difficult. And also, what if they're wrong? Like, I have this huge fear with Bitcoin, this huge fear that a transition to hyper Bitcoinization, if it does happen or can happen, is awful. The transitionary period is terrible. It's disruptive. It's chaotic. Leads a bloodshed. Leads to, you know, I don't know, needing a gun. I don't want a gun. I fucking don't like them in the UK. But it changes things. It's so disruptive that it leads to poverty. You could have a falling life expectancy because so much has to die for the transition to happen. And I feel like we can't just say Bitcoin fixes this because it might break a bunch of shit in the process. So this is yeah, no, I love that. And yeah, I do think the next stage of evolution for Bitcoin is like what you say. It is like, look, like I've spent a lot of time almost seemingly arguing against Bitcoin. I'm not I actually am like so pro Bitcoin and I am so optimistic about how it can fix actually a lot of interesting problems in the world. And I think that particularly like as a global asset, right, like as a global monetary asset that can I can send Bitcoin to my friend in Nigeria like right now and they instantly have it. And it's like it's like a digital bearer asset that has value, that has deep markets, that has liquidity. That's interesting. That's that's that's like amazing. Right. There's one of the biggest problems that that we see in a lot of these developing markets is they're stuck in like a really, really like they're stuck in a really bad place. So in Africa, which I've started to learn a lot about around the sort of the internal machinations of like money on the continent and how it works, is that it's actually really, really, really hard for, say, a Nigerian bank to get money to a Ghana bank. Right. And the reasons for this are actually like kind of go back to like really basic trade economics. Like like why does like why do countries trade each other's currencies? Well, they trade each other's currencies because they're buying and selling stuff from each other. Right. So there's these balances of trade that exist between countries. And the United States is special because it's at the center of the global financial system and holds the current global reserve currency. And actually, this has somewhat negative effects on the U.S. dollar dominance has just been really, really great for the living standards of Americans. There are benefits to it, but most of that benefit comes from the political power that it gives the United States, which obviously a lot of people in this debate are very upset about and want to bring an expeditious end to. But the downside for the American economy is it means American exports are less competitive because of the fact that there's such a high demand for dollars that in order to maintain that dollar dominance around the world, given the fact the U.S. does not have trade balance and equilibrium with almost any of its trading partners. In fact, it has a relatively significant trade deficit with the rest of the world. But like here's the reality. You can't have the world reserve currency and have balanced trade with the rest of the world because one of the products that the rest of the world needs from you is your money. So you're going to have a net negative trade balance with the rest of the world if the U.S. dollar is the world's reserve currency. And one of the one of the downsides of that is means dollar is relatively strong vis-a-vis most other currencies in the world. That means that if you want to build something in the United States using U.S. supply chains and U.S. workers and U.S. factories, that your shit is just going to cost more than building it in a jurisdiction that has a weaker currency. And this has been one of the main drivers of the industrialization in the United States that everyone is so mad about. So that is a negative. That is actually a drag on the U.S. domestic economy. You know, some economists have pointed this out, but it is like not popularly understood that there is a trade off. Now, like you could argue that trade off has been worth it in some ways, like to the United States in terms of like, you know, like, well, depending on what normative values you want to bootstrap before you say this. But like there's been a sacrifice, there's been a sacrifice. Now, I don't think that sacrifice is completely wiped out like the working class and and the middle class, as some people would argue. You know, I didn't finish a thought earlier on this. But like the the reality is, is that like. We've done pretty OK, like actually over the last 30 to 40 years. So, you know, I mentioned one of the problems with the WTF happened in 1971 charts, and it suggests that middle class and working class people have lost ground. And that's certainly true in some pockets. But if we look at the living standards here in the United States, what we see is people have access to way more stuff than they had in the 1980s. So in 1980, the average middle class family would go out to a sit down restaurant, only something like I don't remember what the average is, like someone's got to check me on this. We'll have to Google it, maybe like something on the something on the order of like three to four times a year. It was a special occasion in the 80s. I'm a child of the 80s. Now, we would do it on a birthday. Yeah. Or we would do it on holiday or we used to listen to this. We used to go on holiday and we would cook and stay in most evenings on holiday when we go on holiday. I've never done that with my kids. Yeah. So we see this. We see this when we look at like how often do middle class people go on airplanes, travel to far off destinations, stay at hotels, eat in restaurants, like engage in extracurricular activities, gym memberships, all this stuff. We see that for the bottom two percentiles of society, the bottom quintile, the bottom twenty five percentile and the fiftieth percentile and below on all of these measures. People are doing a lot more of all of these things. In fact, this will surprise people. The lowest quintile, the poorest twenty five percent of Americans have advanced their relative position more than the top three quintiles over that time. Now, at least by those measures, not by absolute wealth, we can we know there's this like wealth gap that's exploding. But when we try to like look for proxies of living standards and like material living standards, like what are people getting, like how much free time do they have? Is that the other big one? All of these things have improved dramatically in some cases by two to four times since 1980. So I do reject one of the premises that some people make around this like post Bretton Woods debate that like basically what happened in 1971 is suddenly the middle class just stopped advancing in society. They stopped gaining access to any of the productivity gains that were being delivered through tech. Like that just can't be true. Right. Like we look at we look at all this data and we say it does not appear to be true. The late economist who was actually an Austrian economist, Steve, why can't I remember his name? Oh, my God, it's going to come back to me in a minute. I don't want to I don't I don't want to sit here and spin. But, you know, he used to make the point that people are going to think I made this guy up if I don't Google him and remember his name. But he was at Laurentian University. Just and he will find it. But but but like the the argument he would keep. What's that? Steve Key? No, he's been up. No, no, no, no, no. He's the radical economist. Yeah, he's been. Oh, I got to look it up now because this is just that people are going to think I'm bullshitting if I don't do this. It's like Steve Horowitz. Yeah. Yeah. Steve. So Steve Horowitz used to make this this this this point that the real way you measure inflation is you have to, first of all, like take take stock of the fact. And what's funny, he's an Austrian economist, so I don't even really agree with his whole economic view. But I do agree with his point that he makes here is if you want to really understand how living standards are changing relative to inflation, you can't use price levels. Price levels are a terrible way to do this. What you need to first do is you need to like actually convert things to time first, since we know that like money is a process to time. Everyone, you know, sometimes bitcoiners are fond of talking about time preference. So there is some sort of inbuilt understanding for this. But like the biggest the biggest point that he would make is he's like, look, you work what, like eight hours a day, 40, 40 hours a week. So you we work 40 hours a week. How many minutes do you have to work to pay for your daily food intake? How many minutes a day do you have to work to put food on the table for your children? How many minutes a day do you have to work to pay for health care? And what we find is, is when we actually step back and we do that and we use the average industrial wage as a policy to calculate this to get to the 50th percentile, the median, we we see that actually, by most measures, cost of living in those terms have fallen, which goes against everybody's like like so, for example, I think in 1980, the average worker had to work somewhere on like the order about an hour and 15 minutes to an hour and 20 minutes a day to pay for the household's food intake. I believe before we started this like inflationary like jump that occurred during covid, we actually had gotten as low as like, I think, 23 to 27 minutes of labor hours per day to pay for for daily food intake. I know that that's actually deteriorated as a result of this inflation spike that we've seen over the last two years. But that is a real decrease in the amount of time that someone has to spend working in order to put food in their mouth. So to argue that food has never been more expensive than it is today appears to be true if you're looking at these prices notionally. But it's not true if you measure it in the amount of time that someone has to work in order to recover that. So that actually says something about how like that, that wages have at some level have still marked like kept ahead of of the price level for staples. There are things where things are slightly more expensive. Cars are slightly more expensive in terms of time. But one of the things that needs to be mentioned there is cars are a lot safer today. They last a lot longer. You know, you commonly get 300,000, 400,000 miles on a Toyota Camry today. That's not a thing that would happen. The car built in the 1980s. So like you just don't see people breaking down much anymore. I mean, yeah, you're yeah, there's a kid with your car break down the side of the road. I mean, you remember that? Not really. It used to be that you probably you're similar generation to me, right? I used to be a thing. Your car would occasionally break down and you're in the first car. I had broke down all the time. Yeah, shit. Hey, but like I don't like I don't you don't see people broken down as much anymore. It's a fair point. And so and so I think that I think that like those measures are are like you got to be careful with these things. I mean, because there is some lies, damn lies and statistics is kind of going on there, by the way. That doesn't that doesn't mean that there aren't some problems there that are being brought to the surface. And the uneven wealth effects are the which use which you brought up before. And I expanded on a real that's a real thing like that candle and effect that that a lot of Bitcoiners talk about. That's that's real. That's simultaneously real. And so you could argue so it's more that like everyone everyone's quality of life has improved and the top has improved disproportionately because they've been able to capture a lot of the benefits of pre inflationary money that can be leveraged to acquire more capital. And that's obviously what what we're talking about with the candle in effect. And that's real. That's a real thing. That's like that is the one criticism that Bitcoiners make that I'm like, yes, you're 100 percent right about that. That is that is a structural problem in the economy. We do need to tell Mike who edits the show, don't we? Yeah. So Ben Prentice, who created WTF happened 1971.com is the editor of the show. He's going to be like, they're furiously going fucking wrong. Although he obviously that website is like presented without comment. And I think he admits that a lot of those charts are quite meme-y really. So what where else? I'm not saying it's I'm not saying the data is bad. I'm not saying it's that I'm not saying the charts are wrong. The charts are real data. They're not they're not misrepresented. But I but I would say that like a lot of people are misinterpreting what they mean. So like this is this is the problem with econometric data is you can really like it like you see this all the time. Like like people on the left can can bend economic data to like prove that like unions like improve like improve wages. And then like people on their side, like Cato Institute, people will present a different set of data that appears to show something completely different. There is data that will show that raising the minimum wage decreases employment levels, although minimum wages have risen substantially. We're at record low unemployment in the United States. So there's all these like but then there's like data that there's data sets that you can come up with that appear to paint a different story. And the problem is, is none of this data is lying. It's not lies. It's that like it's really, really hard to make sense about the relationship between one data point and another data point. So are you saying like with this, because obviously, when you look at all these charts, something did change in 1971. And all these charts do suddenly change. Are you basically saying there's also potentially other chart charts, which shows the big positives? There's a big, unstated correlation in that data in the 1970s. One of the biggest things that happened in the 1970s is the oil crisis and the rise of OPEC and the rise and and the way in which so you have this. If you look at a really important, like like a really important chart to like overlay with a lot of that is oil prices across time. Because one of the things that ends up happening is is you get the the the the oil crisis in the 70s and you had people lining up like, you know, for hours and hours to get gas. And it was a huge, huge shock to the economy. And by the way, why the fuck do you call it gas? It's not a gas. It's a liquid. I mean, we call it petrol for you. Yeah. I mean, no, I just always wondered that you call the gas. So so the oil the oil crisis really led to the beginning of a new global order for energy, energy production. So as we know, U.S. energy, like energy production started to like peak back then. You know, you had you started you're starting to see like oil extraction industries in Texas and here in California, including here in Los Angeles. We forget that the La Brea oil field is here. And actually, we still pull oil out of the ground just a few miles from here. And the productivity of those fields was falling. The U.S. was increasingly relying on imported fuel. This this led to a massive rise in. Yeah. So this is this is the this is the oil shock. Right. This is this is the oil shock. And so holy shit. So from a bottom of 1973, twenty four dollars by 1980, it's gone up. And by 1974, it's gone up, it's tripled. And then and then it's two and a half x by the 1980. Yeah. So this is this is the thing like this is the problem with econometric data is you like you see inflation's rising in the 1970s substantially. And you're like, well, OK, well, the Bretton Woods meeting happens in 1971. And Nixon pulls away from the gold standard. Well, I mean, and then and then what happens, like literally, like just just around the same time is we see the rise of OPEC and production cuts. And the fact that the U.S. gets fully like like basically like you have countries that are refusing to export fuel to the United States. And we have massive oil shortages here, which sends oil prices through the roof. And that's not newly printed money like chasing oil. Like that is just like people need to get to work and there's no oil. Right. And so prices go through the through the roof. And so these are these are all the confounding variables that like that I think that people are not careful with. That doesn't mean that doesn't mean that like that like that fiat currency hasn't led to more. It clearly has. In fact, by intentionally, I mean, the Federal Reserve has targeted two percent inflation per year on purpose. Right. Like, you know, going back to Milton Friedman's like proposed formula, you know, the Chicago school monetarist formula of inflation rate targeting. And that has been our policy. So, yes, we've had an expansionary monetary policy. That is true. That has caused price levels to rise on average two percent per year. But like that's not what caused the oil crisis in the 70s. Hmm. So so if we switch back to your views on Bitcoin. Yeah. And what does it actually mean to you in your most optimistic world? What do you think Bitcoin means? What's its role? Well, so I've already hinted at the fact that I don't think that I think that the fiat system has excesses in it. And I think the addition of the digital gold to the world is probably something we need to counterbalance the excesses that we have seen. Like, I think it's like pretty commonly believed, even by fiat economists, that zero interest rate policy probably went too far. That like the Federal Reserve was way, way too loose for way too long. And we're paying for that now. Like even even on even among economists that think Bitcoin is stupid, like there is agreement there. And so when I look at this, I say, look, like at least as a as a as this is really focusing on like how I view it as a use case as like an American sitting in America. I think there's actually far more interesting use cases around the world. But if we're just going to start here, I think like having a an asset which is not correlate like a monetary asset, which is not correlated with the with with Federal Reserve policy is really important. It provides a potential constraint on interest rate on central bank policy. Right. Like because I do believe that there is maneuverability within within central bank policy to be looser with money at times when aggregate demand falls and when aggregate demand gets really, really high and labor markets get really, really tight. You've got to be really careful with the velocity of money because that's when you can kind of get in the situations where inflation become really, really elevated and that could become very deleterious to the economy. Now, I think I think having Bitcoin there is like a really like as like a major asset is going to have to be something in the future that the Federal Reserve is going to have to consider in the same way that they've had to kind of consider commodities prices. And the fact that, like, you know, like, you know, precious metal, precious metals, gold, silver, at which I think Bitcoin can be much, much bigger than those markets as as a monetary asset. Secondarily, I think like the inefficiencies of moving money around the world in places where you have serious imbalances of trade on the African continent, for example, where you like Nigeria and Ghana have very, very little trade with each other. And establishing trade requires, you know, like efficient, efficient monetary markets. Well, I mean, they can they can have as much as much as like seven percent slippage between the Nigerian naira and the gone in CD just by the virtue of the fact that they have to like basically go and buy dollars in New York or in London and then sell dollars in New York or in London for like CD for CD before they're able to get like money literally right across the border from them. That's created structural impediments to expanding trade and creating trade relationships on the continent, which is really, really bad. And then then Bitcoin shows up and this is Bitcoin is starting to create really, really deep liquidity markets everywhere in the world. Like you can like Bitcoin liquidity from like naira to Bitcoin is pretty healthy. Bitcoin liquidity from CD to Bitcoin is pretty healthy. Same thing and like Argentina, like and you're starting to see that like Bitcoin is actually a really interesting liquidity bridge between these countries where these markets are really, really deep. And like it's potentially a better remittance asset than, say, the dollar, not because not because like the the the you know, the U.S. is like intentionally doing anything to these countries. It's just the way that their economies are structured. The trade imbalance is there. They don't have deep, deep liquidity with with dollars or they don't have the banking infrastructure to deal with that. And then here in much the same way that that Africans were able to like jump like, you know, leapfrog into the 21st century through smartphones without necessarily having to run landlines everywhere. They have an opportunity to maybe fix some of these like, you know, financial problems for trade development on the continent by using assets like Bitcoin. And I think Bitcoin has a huge potential there. It's one of the things that we're really focused on at TBD, like we're looking at that Africa and we're saying like this is this is amazing. Like we could potentially bridge liquidity between these countries that could provide way, way cheaper basis for trade, because think about it, Bitcoin has global demand. But like Citi and Naira only have domestic demand. That's a problem when you have a trade balance issue, right? It means it means that like nobody like like nobody in Nigeria wants gone in Citi. No one wants to hold that. Right. So they have to go and sell it for dollars. But not many people in the world like want to do that. And so the spreads on on that on that trade are really, really wide. But when we look at the Bitcoin markets, the Bitcoin markets are like tight. They're pretty they're actually pretty tight spreads. And so you look at that and you say like that is like real economic benefit that could be unlocked if we could use this as a way to build like a true a truly like neutral global remains asset. And by the way, this this doesn't have the problems we brought up before around the deflationary nature of the currency, because you don't really care. Like if you're just instantaneously trying to like bridge a trade and like instantaneously buy Bitcoin with Naira and then sell Bitcoin for for Citi or sell it for like sell it for dollars or sell anywhere in the world and create some sort of complex trade like you can just do that. You can insulate your price from that. You can insulate yourself from the price volatility and you can just use Bitcoin as a way to transmit value. It doesn't even really matter that you're getting that fiat in on one side and fiat out on the other side. The fact that you're using Bitcoin as the gopher to sort of carry the value across the border and then get access to it and take advantage of the fact that it has deep liquidity in these markets and also global liquidity is an amazing unlock. Like this could like create trillions and trillions of dollars of of economic growth in the world. So when so, you know, when I sort of look at Bitcoin, I'm like, wow, that's amazing. Like this could like literally lift millions of people out of poverty by literally providing the financial infrastructure that is just not there. And and Bitcoin Bitcoin is to finance in Africa that as smartphones were to land lines there, like they're able to just sort of like leapfrog some of these problems by taking advantage of this new technology. I think that's super exciting. It's why I'm super bullish on Bitcoin. And once you start to have a lot of that utility going on, once Bitcoin is like pinning itself down in that way with that level of utility, then the price of it is just going to go up and it's going to become even more attractive as an inflation hedge, as like a non-correlated asset for like institutions to use. And it's going to like place constraints on central banks and their ability to not engage in excess, you know, excess in the abstract with like zero interest rate policies that go on for too long because like markets will have deep liquidity to build, like move into Bitcoin. Federal banks will detect that that will become problems at the manage that. So I have a really I'm really bullish on Bitcoin, even though it sounds like I just spent like the very beginning of this explaining why Bitcoin is not going to work. I spend the whole beginning of this explaining why hyper Bitcoin ization isn't going to work. I mean, I just I made a lot of arguments against that, like, you know, like so far. And I believe that. And that's what but I'm but at the same time, like I guess you could I could summarize by saying Bitcoin makes fiat better. And it can make fiat better. And it can and it can and it can also substantially improve like fiat systems that are far worse than our system and that could do it potentially really quickly. And I'm super excited about that. Do you also think therefore it could end up reducing the number of fiat currencies there are or because I think something like you talk about the example in Nigeria with the Naira, but perhaps people don't even want the Naira as a secondary currency. Perhaps they just want the dollar. I've seen that in so many countries, Cambodia, Argentina, Lebanon, Venezuela, anywhere that's got a shit currency, they just want the dollar. Yeah. So I actually think with the growth of digital dollars and yes, some of them are on shitty things like Tron, whatever, people still want them and use them. And they like nobody in Lebanon wants the Naira. Yeah. As soon as they get it, they're trying to get a dollar. And so I wonder whether actually the Bitcoin is ironically is going to make the dollar even stronger as a reserve currency. Yeah, I think there's something to that. Well, another another statistic is in Latin America, about 20 percent of all savings are in dollars. It may even be a little bit higher than that. In countries like Argentina, I think the official figure is like, I think it's 14-ish percent that total savings in the country are in dollars. They're not in Argentinian pesos. Some have speculated the actual amount is far higher than that because a lot of Argentinians will literally store cash under their mattresses, like literally because they don't trust the bank. So the actual savings rate in dollars may actually be somewhat higher than those estimates. But still, one out of every five monetary units in of savings on in South America are in dollars. That's that's interesting. That's certainly not the case, like in in the U.S. or in in some of the the big the big currency countries like Canada, Australia, Japan, the UK. What dollars do you hold in savings? I mean, very few. I'm pretty much all Bitcoin. Yeah, I think I think I've got some pound, some I think the actual dollars I own are in my pocket here, like 20 in U.S. dollars, Aussie dollars, you know, 20, 120. I've got one hundred twenty five dollars to my name in dollars. And in the UK, there's no scenario. I'm like, oh, I need to get more dollars because British pounds are fine. Yeah, they're fine. But like I say, all these countries I go to, they want dollars. They buy the way they would take these off to screwed up now because they want pristine dollars and the cash. They're mainly cash economies because not only do they not trust the local currency, they trust the banks because they fucking stole their money. So I just see this world as you digitize money. Perhaps, you know, you talk about Bitcoin brings some restraints into central banks. I think a digital dollar alongside Bitcoin brings restraints into the smaller economies. And I think that's an interesting I think that's an interesting area. Yeah, so, you know, so there is definitely numerous examples of poorly managed currencies. You know, Zimbabwe is probably the most absurd of all the examples. Like, I don't even know how much they've inflated. It's like millions of percent or something absurd at this point. A trillion dollar note. It's like it's and so there's definitely so there's definitely a problem in a lot of countries around the world. Argentina is a great example of this. You know, they have a presidential election coming up. The leading candidate is promising to switch to the US dollar away from the Argentinian peso and get rid of the central bank. Yeah. Yeah. Well, so I mean, I mean, the problem there is it means it's the classic problem. Right. That that the US has been like decently careful at avoiding, which is like not allowing the political branches of government to control monetary policy. You know, we could argue like about whether or not the independence of the central bank has has has yielded like ideal results like we've already criticized them for holding rates too low for too long. But the fact that there is a separation of power between money and politicians in the United States is obviously very, very important. You know, independent central banks have sort of been the mantra of sort of the monetarist age, kind of once again, going back to Milton Friedman's influences here. And the countries that have maintained independent central banks have done OK, like relative to countries that have not. Right. Like another recent example in Turkey, you know, Erdogan basically instructing the central bank to keep rates lower. We saw what that happened. That did push their inflation rate up to like what, like over 50 percent or something nearly 100 percent. Yeah, it was like, yeah, absolutely, absolutely insane. So like maintain to the extent that fiat currencies exist. You really do not want politicians to have a say on what happens with rate policy. That has obviously not been the case in Argentina. It is not was not the case in Zimbabwe. It has not was not the case in Turkey, although Erdogan seems to have learned on his feet and realized that that was probably a really bad idea. But like to the extent that you can at least do that, I mean, that is a I believe a necessary feature to currency stability. I would be very, very like I'm not worried about hyperinflation in the United States today, which will surprise a lot of people. I just don't think it's in the cards right now. But if we saw the Federal Reserve come under the thumb of, say, a presidential administration and the independence was broken by some populist leader, I would revisit that. And I'd probably be a little bit more worried about the potential of hyperinflation, assuming that things continue operating the way that they are right now. I think like there is going to be more inflation than people are expecting over the next 10 years for both structural reasons. Trade reasons and also just the hangover of what has happened with with debt and bond markets in this country as a result of of of interest rate policies. But I don't think we're we're in for, say, 100 percent inflation here in the U.S. It's just not in the cards, at least on any short to medium term time horizon. That is believable.
A highlight from The Chopping Block: Which DeFi Metrics Are Still Useful in a Bear Market? - Ep. 550
"Token economics can do way less than the industry on the whole has claimed that it's able to do and so for the most part I Sort of consider token economics to be a little bit of a dirty word today compared to how I saw it two years ago It's a tale of two fun. Now. Your losses are on someone else's balance generally speaking aircrafts are kind of pointless Anyways, I'm into trading firms who are very involved DeFi protocols are the antidote to this problem Hello everybody Welcome to the chopping block every couple weeks the four of us get together and give the industry insiders perspective on the crypto topics of the day So quick intros first we got Tom the DeFi Maven and master of beams Next we got Robert the crypto connoisseur and czar of superstate then we've got to ruin the giga brain and grand poobah at gauntlet And finally, I'm a seed that had high mana dragonfly So we're early stage investors in crypto But I want to caveat that nothing we say here is investment advice legal advice or even life advice Please see chopping blocks at XYZ for more disclosures Alright, so it's been a crazy couple weeks. There's been a lot of conferencing going on I think most of us minus Robert were at token 2049 in Asia I guess Tom and to ruin you guys are back in the States. There was also main net in New York What's been the vibe? Give me give me the brain dump of what conferencing has felt like in the last few weeks The u .s. Is dead as a doorknob for crypto It seemed like the u .s. Conferences had less attendance than they normally do amongst other things Whereas the Asia conferences were crazy like I just didn't think there were 12 ,000 people who wanted to go to a crypto conference in 2023 and clearly there was much more in Singapore Singapore was insane Yeah, I think token 2049 had more people than East Denver. Like it was it was pretty wild I mean it is like the premier event in Asia and it's sold out. Yeah It was gigantic venue, right? One of the I mean obviously if Denver was a very large venue as well, but it was it was it was absolutely massive Robert you were at permissionless. How did permissionless feel? I mean compared to prior years permissionless Felt, you know pretty quiet really high quality group of people, you know The conference goers that were showing up to a conference in Austin, Texas during a relatively hot week in September We're not totally like broad retail audiences. Most of people that were closer to industry closer to Happening in this space and a little bit more informed than you know, I've seen elsewhere so Small like token 2049 pulled a lot of people last -minute from permissionless I think a lot of people were planning to go and then decided like oh shit This seems like there's so much happening in Asia. I gotta I gotta go out there So I think the timing was a little unfortunate for permissionless, but there was a clip of Eric Voorhees Giving I guess what was like the keynote. It was pretty amazing. If you haven't seen it, I would strongly recommend watching it It's got like a couple million views or something and it's essentially just like a rallying cry Just sort of a credo of hey, you know screw the government Like we're trying to build a decentralized alternative financial system and it really kind of plucked to the heartstrings I don't know. Do you see that live? I did not see that live I actually had to take off right before that speech, but I was able to watch it online afterwards It reminded me a little bit of a his debate with SPF. I think like a year ago It was almost like it was like a month right before FTX collapsed and it was similarly kind of getting back to kind of the core Religion ethos of crypto is very we gotta get him on the show at some point He's definitely he's a very good bear market in a bull market I always feel like Eric is a little too centered and like too grounded bull markets They kind of demand a bit more craziness and levity but in a bear market I feel like he's got this gravity that is very clarifying You know, I really I really appreciate the role that he's come to play as like the elder statesman of the industry Any other takeaways from token 2049? I mean we were out in Asia for a couple weeks the videos have just started going up for token 2049 and I did one panel that I moderated with a bunch of l1s and It was actually probably the most entertaining panel I did I did I did several panels while I was out there But most of them were you know, they were great but this one we had it was Aptos we Avalanche and near all of whom were on stage and Goon who's been on the show a couple times Goon was just like he just basically was ready to pick a fight and so they just got on say they were scrapping they were like interrupting each other and getting super aggressive and It was honestly the most entertaining panel. I think I've ever moderated just from how angry everyone was on stage So any other any other highlights or anything that stood out to you guys while you were giving talks or or moderating? How about being on stage but I'll say there was a bit of a bizarro world moment with them token for 2049 too Where obviously a lot of high quality projects a lot of good representation throughout the industry and then there were a lot of random products I'd never heard of that had these like massive, you know Sort of neon lit up boots that they clearly spent a bunch of money on I believe Islamic coin was one of the large sponsors I am a not an Islamic coin expert, but there was another sort of meme floating around They're doing a public crowd sale for Islamic coin at reportedly a 30 billion dollar f .d .v I think it's like 60 million dollars raise a million dollars wait, so it's Yes, but they went on on Twitter to explain that this is a 100 year f .d .v And so in reality the the near -term f .d .v. They're nothing into is not near -term f .d .v So, um, you're the more than the near -term market cap I think we need we add we need to add some extra f .d .v Numbers in into coin gecko just so we can start the near -term f .d .v long -term f .d .v You know, I think an interesting thing related to this That's a tiny deviation but important to note is the history of finance Actually has had a lot of things where the introduction of a new met financial metric as a form of reporting Completely changes company structure like EBITDA, right? like why does EBITDA exists like earnings before income tax depreciation depreciation amortization and it's like Because it was this some company that was losing money and they started reporting EBITDA instead of like true profits But that kept them afloat for long enough to raise financing and then EBITDA now became like the accounting standard over time Right, so I kind of think that these f .d .v games We're gonna just see this like war of all these metrics and whichever metric is like the market wants will eventually be the standard and everyone Will just try to optimize that. Yeah, this is 100 % what happened to TVL Yeah TVL in principle makes sense as a number right, but how do you count TVL? Do you count your own token? Do you count wrap versions of your token if somebody wraps your token and puts it back in your protocol? Is that double the TVL like, you know? DeFi llama just decided how TVL gets counted and then the rest of the world just warped around the way that you know These metrics decided to get reported and you of course you saw that on Solana where like all these people were recursively Kind of putting TVL from one protocol back in another one back in another one Now I think we've gotten better at not double counting triple counting But you know back in in 2021 when DeFi was in full thrust It was just whatever goes like that's TVL the other chart crime that exists is that I really irks me is when people show cumulative charts instead of like instantaneous charts it I just like kills me I Will say as a VC let this be like a little one -on -one lesson as a VC. We absolutely hate cumulative charts We understand that cumulative charts look good So for those who don't understand a cumulative chart normally when you have a chart you look at look Here are the number of transactions every day, right? cumulative chart is here is the total number of Transaction volume ever if you add it all together and the nice thing about cumulative charts is that they look like they're going up Into the right always no matter what because they're adding, you know It's like the number of how many trades have been acting positive number. Yeah, exactly The problem is that it is useless to look at as a VC We as a VC and you look at a cumulative chart What I assume is that your actual chart looks like dogshit and that's why you're showing the accumulative chart So in general don't show cumulative chart. However, if it's a chart with multiple dimensions shown if it's a cumulative chart and a daily or time period flow Together then it's cool. Is it? You know, I'm already doing the first derivative Okay, let's say let's say you have a daily chart and it's like net inflows We're like some days are positive. Some days are negative. Some days are positive. Some days are negative You don't know the total you find that that's a net chart not a cumulative chart So if you're netting, you know gains and losses and you're getting like P &L or something like that We're net inflows and flows that's not a cumulative chart. That's very different because that does not go up into the right I agree. No, no, I think Then it's well Complimented with a cumulative on the other access behind it. I Net and cumulative are two different things. I did see it. I agree. That's just a U .M. We should have a chart crime episode The truest of VC true crime it was inflows prefer for friend tech, but they didn't take out the outflows So it was literally just any deposits in a friend tech added to the chart And so of course you assume you're gonna be looking at a net chart And in fact, it's any sort of deposit, you know adds to the overall chart, which is kind of a useless metric chart crime chart crime Any other any other chart crimes that come to my lungs are on the topic? I think these like feed accumulated ones where they're like people who are like trying to annualize I think people annualizing certain types of fee accrual and crypto sometimes makes no fucking sense because it's very event driven like oh Like there's a ton of fees from one event and then like zero forever But they always like choose the right time scale so that they can say like we have at least X of fees Like I understand how integrals and derivatives work and you're just trying to play with the boundary conditions Yeah, I mean I saw a lot of this in 2021 when a bunch of people like a bunch of businesses that had a bunch of random core businesses but almost all of them had tokens on the balance sheet and those tokens went up and they counted that as revenue and So they're just like, oh, you know, I had 50 million of revenue this year And if you charge that forward, you know another 50 next year and it's gonna ramp this much I'm like dude your core business made like 3 million and 50 million just came from tokens going up on your balance sheet. Like that's not your business, you know, so that I mean It's kind of charty. I don't know if it's a sharp crime per se but it's like EBITDA, right? Like I think crypto still is so nascent and the idea of like what should count and what shouldn't and what flows are it's still Kind of an open thing of like what the accounting should be, right? So I kind of think I'm kind of curious what EBITDA like the thing that becomes a like meme that sticks That's not TVL and that that's not just like fees What do you think you guys think it is because I do feel like this bear market My prediction is this bear market will end when we have invented what that is like the last bear market ended when TVL started becoming a metric and then people started monitoring it and like not gaming it as much and It was just kind of going up slowly. I feel like the Solana stuff came to even more where it was like, oh Here's the metric that everything's measured on So what if we come up with these crazy ways to like that's usually the end of a bubble, right? Like like once when it goes not the creation of a little baby That was like that was like the kickoff of the book I know I don't know but my point is like once you start getting kind of a shelling point around a particular metric It doesn't get gamed for a little while Like there's like a certain amount of time where it like it becomes a good real standard bearer But then someone eventually realizes that it's the thing to game and then you get this like kind of capital bubble around that So like AI you're having that happen with tokens per second right now Which is also a fucking useless meaningless thing because like the choice of architecture means the tokens aren't really the same There's not fungibility of them. Sure. I think it feels like right now There's a more and more fixation on revenue. And so you're seeing like, you know token terminal if you're looking at there's just revenue There's annualized revenue. There's price to sales price to earnings. So it does feel like we're sort of Morphing more closer to traditional revenue and underwriting metrics, which is a good sign However, these metrics aren't totally normalized in the sense that you know, for example for Uniswap Does Uniswap have revenue like obviously the token holders aren't capturing anything so the revenue is flowing entirely to You could say like cost of goods sold is like 100 % because all the revenue is going to the liquidity providers I would say, you know One of the biggest issues is that you have like protocols that are not businesses and people are trying to strap like business metrics or accounting metrics on them and they're just not like Ethereum Bitcoin like people are like, oh like, you know fees paid like is that revenue? No, it's not revenue, right? Like I don't think anyone thinks that like the transaction fees on Bitcoin or revenue. Are they on a theorem? No, but like I've seen platforms that like talk about That alongside something like Uniswap and it's like none of these really makes sense It's just like someone trying to build not to knock anyone particular company But someone trying to build a company about standardizing data is like, oh great Let's like standardize how we look at everything and I don't think it fits personally I don't think these protocols living on top of blockchains are necessarily businesses or need business metrics. I don't think it's that helpful I think like projects and For success like how many people are you know doing X Y & Z and like it won't always translate to the thing What do you think are metrics that should be adopted in lieu of? You know revenue or price of sales or whatever all the stuff that people are doing to try to account for You know particularly in defy I think for layer ones. It's a little more nebulous I think it comes down to exactly like what the protocol is, right? So like a great example is even taking two things that like seem like there's the same Let's say like Uniswap first like synthetics Well, both of them are for trading like, you know, one of them, you know is for trading spot tokens And one of them is more like derivatives, right? So like would you say like total notional traded like that might look crazy, you know to use that as comparison like I guess my point is like even two things that look the same are gonna be vastly different when you think about how you judge them or measure them and so All I'm trying to say is like, you know, let's slow down and not trying to come up with one size fits all metrics I don't think there is some like EBIT type But they will love defy broadly it trying and and when people get any shelling point on one of those That's when you see capital formation happen because it's like hey look there's this metric we can optimize it we see the growth curve right like growth implies you have a number or a set of numbers and a derivative like a gradient and The gradient can go up and you're like, yes or more money in it and I do feel like there's like a Psychological human behavior element to this and crypto somehow plays with that in a lot of ways and that that's some of its beauty Is that the fact that it kind of plays with these I think the revenue thing also is like a good I agree like it's really difficult to sort of compare across different types of companies, but generally it's a good heuristic for Understanding like product market fit and desirability just showing willingness to pay right like you can't fudge it because I'm literally burning money I'm spending money to use this this protocol saying something with like, you know net dollar retention at revenue retention overall It's like user retention Like yeah like it I think that's generally sort of a good heuristic because it's showing that if people are actually using these things consistently because they want to use it not because ideally you sort of you're tying out the I'm inclined to agree with this is that although it is an abuse of nomenclature I think you're better off thinking of protocols as products and thinking about like if you can just applying very kind of dumb Simplistic like yeah, they don't work perfectly, but they're way better than just like finger in the air What's TVL and kind of how do I feel like the vibes are trending for this particular protocol? I think it at the very least it keeps you honest if you look at the era Pre when people had concrete metrics that they were looking at like protocol revenue and things like that There were just a lot of things that had you know, take for example, then you have and you had 4chan economics Whatever was posted on 4chan was the truth totally totally and also like not looking at like net of emissions Looking at like willingness to pay net of emissions Like you just end up with this crazy town where it's like Oh, there's basically like a negative cycle where people are making money by using your product You're like, wow, I've parked my good fit There was basically an entire year where every hot product in crypto was that it was people it was being like wow Look how much adoption this is getting when it's really just people clicking a button that pays them every second to be very fair That is it's like it's so funny enterprise SAS bubble also had the same thing It was just the way the capital is distributed.
Fresh update on "triple h" discussed on Mark Levin
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A highlight from Rising Auto Theft Rates: Urban Consequences and Solutions
"Well, you see how easy this is now. Now you look at how they move money around and how the in your face money laundering folks, this is what this is. This is corruption and fraud. Some of the Bidens are great at the money laundering part. They got 20 shell corporations, but guess who's getting the guess who's going to be controlling the funding to rebuild Ukraine. We pay to destroy it. And guess what? The Hillary Clinton Foundation gets paid the rebuild Welcome right. to the podcast. We are in the same studio today, which is kind of nice. So thanks again for downloading. If you're just listening, if you're watching or watching the clips, uh, thanks for watching as well. And just for a quick mention, so I don't forget, if you haven't downloaded our app yet, I'm noticing we're getting a lot of downloads and the cool thing is when the morning Mike's program is going Monday, Wednesday, Friday, I'm the, seeing the view count go up and up and up, which is awesome. So I know we're only, you know, we're still in the dozens. I'd like to get into the hundreds and eventually thousands, um, but it's a cool program. If you haven't listened to it, it's a quick 15 minutes to quick by morning, run down three days a week of the top five topics, three minutes each. Do a great job. They do an awesome job when we're, when we fill in the stuff. We screw the whole thing up. Yes. Yeah. We, we blow the whole, the whole, uh, the schedule, but, um, but they do awesome and they're funny. I love it. It's a quick, you know, down and dirty 15 minutes, top five items of the day. And now you get your day started off on the, uh, they, you know, I think on the right foot, they were saying this week, like, Oh, it's so negative all the time, but I think they're hilarious. They take the negative stuff that's going on, but of course the negative stuff isn't the news. Yeah. Yeah. That's what we're seeing. I mean, carjackings again, Rochester had another, you know, record night. I mean, it's incredible how that was going on. And so it's amazing is, is like the Democrats just sit around and watch this happen in every city and every city. It's insane. Yeah. I sent you an article earlier this morning about Philadelphia. Let's see. I can find it. It's, uh, not that it's anything out of, you know, anything that we don't know about, but let's see here. Philadelphia swarmed by alleged juvenile. Come on, come on. Juvenile looters targeting the Apple store, Lulu lemon and footlocker. Yeah. So, cause they're starving. They're starving. They just, just need a little piece of ham and some Turkey. They need clothes and food. That's, that's only fair. I mean, they, you know, and once again, I know we've all heard this joke, but footlocker is not missing one pair of working boots. No, no, all the Nike's, all the Nike. Yeah. Well, some of those Nike's, I mean, Oh my God. Crazy. You know, talking about like, you know, thousands of dollars for a pair of, thousands, thousands of dollars. I was talking to my daughter and she said to one, one of her friends has a, as a pair of shoes were $1 ,200. I'll never forget the most expensive pair of shoes I ever bought. We were just starting a business. This was like 30 years ago now. Right. Crazy to think. And I remember somebody told me that maybe my dad was like, you got to have a decent pair of shoes. Right. And so I went up and I bought a pair of Justin and Murphy's. They're like 120 bucks at the time. Yeah. The most money I have ever spent on a pair of shoes. Now boots, I've spent more money on since because boots are more expensive, you know, hunting boots. Well, there's a purpose to them. I still don't spend more money on shoes. Like I'm wearing like Skechers or like $40. Like some of these Nike's $500. You can't tell me you're running faster. It's different when you're going to go out and buy a pair of like waders or something. You're going to use them. First of all, you're going to use them for the next 30 years. Right. And there's a purpose to them, right? Like, okay, they're more expensive, but I can walk through the water with them. Right. But if I bought like, if I had five, 600 hour pairs of shoes, I'd be afraid to leave the house. I wouldn't, I wouldn't get off the carpeting. Well, they're targeting the Apple store here, Glenn, because they'll buy jobs. And that's the only way to get a job is to make sure you've got an Apple iPhone. So it'll be like Chicago. We talked about this the other week with, with, uh, with Mike Speraza, Chicago is now forced to open or, or just talking about opening, you know, a, a government run grocery store in the inner city because they've all that. Well, they're going to, so they're going to, they're going to, the plan is to fight the communism with more kind of communism, right? That's going to work really well. But could you imagine how inefficient, first of all, Walmart's pulled out, Costco's pulled out, all the stores have pulled out because now target, have you heard targets now closing stores across the country? So target is now going through and discussing all the stores across the country, liberal target, liberal target. They put a black lives matter that they ripped down the smash of the window. I thought that'd be some sort of a shield or that we're just going to put up this, uh, this plywood and we're going to spray black lives matter on it. Hashtag hashtag BLM. And we'll be safe as they rip it out and use that same plywood to smash the window with. It's pathetic. There'll be nothing left in these inner cities. The problem is when it starts to spill over into the, into the, Oh yeah. This is, this is where it gets ugly. Well, they want it. That's what they want. That's, that's why people like, uh, the governor of New York, uh, you know, Kathy, the ice queen, Kathy Hochul is, is, you know, they first tried the push for section eight housing in the suburbs because that was only fair. Yeah. Now they couldn't get that through because the people in the suburbs are like, whoa, whoa, whoa, whoa. Now they're busing in illegal immigrants in the middle of the night. And I tell you something, if these Democrats like Mark Poland cars were proud of what they were doing, they would have a welcoming party at noon at noon, high noon. They'd have a press conference welcoming our newest community members off the bus so that the whole community could see these family units that are getting off. You got the husband, the wives, the two kids, you know, the things that we see in our country, right? No, it's not happening. They're bringing them in at two o 'clock in the morning. So nobody sees, they're all, they're all 23 year old males, right? Or 18 to 25 year old males. Some of which are from the Congo. I don't know about the, uh, you know, the, some of the social norms in the Congo, but I'm just thinking that maybe they're a little bit different than the Western world. I don't know. I'm just thinking maybe not. Maybe they're exactly like us. I don't know. But they're exactly like us. Why would they want to come here? Why are they aspiring to come here? I don't know. Anyway, it's a fentanyl fentanyl up again, by the way, there was another report. I think it was on a Fox news. Well, good for the Republicans. I mean, at least part of them, I should say good for the five or six Republicans that are the extreme right wing, according to the media, that's holding this garbage up. No, shut the government down, shut it down, shut it down until there's no more money. Take the money, go into Ukraine and send it to Texas, which they did right to the border, which they didn't do last time. Right. Kept it open. That's what do you need? What do you need? We're out of control. The founding fathers gave the power of the purse to Congress and the, and the Pentagon, the Pentagon goes, yeah, you know what? We're just going to exempt Ukraine funding from the budget. So ha ha. We just went over 33 trillion. If you go online and look at the clock, it's moving fast, right? So we're on our way to 34 or 35. Can you even see the numbers anymore? They just blur blur now. So, so fast. Oh no. And, and good news, by the way, we're refinancing this debt at 5 % now, not at 1 % or zero like we were doing. Yeah. It makes a lot of sense. Yeah. It'd be great. Yeah. The fence talk about keeping rates higher for longer. I don't know. They're not going to be able to do that. They'll be cutting interest rates by next year. Mark by where? And the number one reason I say that is because when you talk to every economist, I say, that's not going to happen. And they are typically wrong. So if you take the, it's like saying betting against the casino, it's like saying, you know what? I don't think MGM is going to make money in the sporting books next year. Ma, they're going to figure out a way to make money. They'll rechange the lines, right? Well, you, all you need to do is look at it and get a bunch of economists in a room and ask them where they think the market's going to be and then do just the opposite and you would be way better. Yeah. Pretty much that's usually the way to go. No doubt about it. So the, the, the, the Pelosi, we were talking earlier about the Pelosi stock trader. Yeah. You can follow online. Now, some of these folks, we did the game show game last week. We talked about the, uh, the net worth. I picked the poor ones too. They were like 23, 21, you know, $20 million. Some of these folks are amazing. I mean, really just, you know, the wizards of smart on some of these are just really, timing is impeccable up here. This is somebody who is selling some software that I'll track it, which you can, you, you've pointed out, you can get it for free online, but, but the, the numbers are really astonishing. This Democrat Senator sold her Aspen vacation home for $25 million. That was just after she sold her Lake Tahoe vacation house for $36 million. Well, by the way, why, why do they own these big $25, $36 million homes? Well, a big, big part of it is because the taxation of it, right? So a Feinstein who's telling you your ordinary income tax rates are too low. She's shifting that to a capital asset, which is going to create a capital gain in the future or no gain. Or no gain. I mean, they're 10, 10 31. This is why when Donald Trump looked at Hillary Clinton right in the eye and said, you will not get rid of the carry interest deduction and you know it because all of your, I use it, of course, all of her bigger donors donate money to Hillary Clinton. And this is exactly the truth, right? They will never get rid of some of these things. Like they talked about, we're going to get rid of the 10 31 exchanges. Yaha. Yeah. Uh huh. Yeah. So the big developer strokes a giant check to the, to the Democrats off the table. Let's listen to her success though. Amazing. A Senator sold her Aspen vacation home for $25 million just after she sold her Lake Tahoe vacation house for $36 million. Only two years earlier, Diane Feinstein has been a member of the political scene for 32 years and her salary is only $130 ,000 per 130 grand a year. Now it's more now. That's a little bit dated, but it's up, it's up to probably 180 now. But, but listen to this. First of all, if it was up to 580, you're not buying $23 million homes, $36 million homes. No, no, we're going to put in multiple homes. We're going to, we're going to put the Paul Pelosi onto our research committee. You make a million dollars a year. First of all, most of, most business owners that make that kind of money, they didn't make it throughout their whole life, right? They didn't start making a million dollars at 20 years old. They started making a million dollars at 50 years old and it took 30 years to get to that point. Right? So my point is, you're not at a million dollars a year at age 50. If you did it the right way, the hard way, and you did it yourself, you're still not affording a $23 million home, right? Multiple ones. Yeah. Multiple, multiple. Right. Those aren't even her primary residence. Those are her vacation homes. She lives in, she lives in California. Listen to this though. And it's, it's all of them. It's all of them now. This is a, this is from Nancy Pelosi, stock trader. Uh, this is a tweet, uh, a Twitter feed. You can follow Pelosi tracker is what it's supposed to track or underline or something like that. You'll find it. Anyway, uh, three weeks ago, sitting politician bet against the U S economy so far. He's been right. Tom Carper bought $45 ,000 of PSQ and inverse ETF on the tech sector on eight 23, August 23rd. Since then he's plus 3 % while the market is negative 4%. Go figure. Wow. Go figure. Man, these guys are so good. Yeah. And they're not by, they're, I mean, these are, that's some pretty technical strategy. You started getting into options strategies and stuff. I mean, yeah. Yeah. These guys have become very, very slick. It's not just about buying a, you see, it used to be, okay, I'm going to buy X, Y, Z. Then I'm going to vote for or against something. You know, I'm going to short the stock and then I'm going to vote against them for both that, that, that. So the stock goes down or I'm going to vote for something, knowing that it will benefit the company. The stock will go up and in a sense front running. No, they're, they're in the options strategies now. They're in the market. Yeah. They're doing butterfly spreads. Yeah. Crazy stuff going. They're very sophisticated. They shouldn't be allowed to two things. When you go into Congress, I, you know, I would love to have a Congress person run on or present around the following platform, right? Number one, term limits, term limits, top of the list. Number two, though, while you're in Congress for the eight years, or wherever we allow you to serve 10 years, 12 years, whatever it is, you could not invest in a stock market at all. All your investments are frozen or your choices, a model, some kind of a model liquidated go to cash, or you could buy the fidelity balance to counter. You could buy the, you could buy the T -rope price, you know, target retire, whatever, you know, or you go to goes into a blind something or other where you have no idea. Right. It just goes into what you picked a one through five tolerance for risk and somebody else invest. Maybe it's just broad indexing. Maybe that's it. Right. Something that doesn't allow this kind of garbage to go on where, you know, they buy, you know, Tesla stock and then approve a huge, you know, oh, we're going to, guess what? We're going to build a, you know, for government funded battery stations all the country. Of course, Elon comes out and goes, we already got those, you idiots. I did that like four years ago, you morons. Amazing what Elon can do and what the, what the government can. Going back to target for just a second, not to digress, but I found WGRZ, thankfully came up with a list of the, uh, the target stores that will be closing, Mike, the full list of locations all in, all in Republican run. You'll be shocked. Yeah. Yeah. Right in the, uh, the thriving, the, uh, you know, thriving, the Minneapolis, uh, location, the retailer said the decision, the close was really difficult. I wonder if that was after half. That was the one they put the BLM on. Yeah. Oh, that was the one they put the sign on that said, please don't burn our store down. We love you. I hashtag BLM lit it on fire. Yeah, that's right. Yeah. Uh, let's see. I'm shocked though. I wouldn't, I'm surprised you wouldn't stay. I mean, you know, like just collecting, you love them. You love, you support them. This is what you supported. Remember you, you, you raised money, you gave money. Yeah. And guess what they did with that money. They agitators hired to whip up people in the community to smash and burn down your store. You idiots. So there you go. There you go. Nice, nice work. What else do you think, Mike? Uh, New York city's East Harlem neighborhood. That's going to be one that's goes down. I wonder why. Chicago, San Francisco for sure. San Fran. Yeah. San Fran. Uh, by the way, before I forget San Fran, Democrat San Francisco mayor, announces plan to require drug testing, which is good in an effort to, if you're going to receive homeless benefits. Right. But the funny thing was in this same passage, they're going to Texas to try to recruit police officers. The funny thing is is that the people they sent from San Francisco to try to recruit people. They didn't come back. They defected like North Koreans. Some of them got jobs. They get over the wall. They come out, they get over the wall. It was hilarious. No, they didn't go back. Well, the other five stores, Mike, three in Portland, Oregon and two in Seattle, five, three in Portland. They're pulling out of Portland together. All of these inner cities folks will be food deserts. You're going to hear that term. It'll be business deserts. It'll be nothing. Well, business deserts, nothing left, but there'll be, but target, don't forget target. Does target sell food? Yeah. Well, yeah. They sell food. Yeah. For sure. Yeah. Well, I don't go on target. So Walmart I know does Costco for sure. Costco is a food store. I don't think target is as big as Walmart as far as like fresh fruit, but definitely frozen food, all that kind of stuff. You know, aisles of pop and water and chips and right, right, right. And all that kind of stuff. But you can definitely frozen food. You can buy bulk frozen food there. So, so there's going to be food deserts, all over the place, business deserts, whatever you want to call them. You know, it's amazing because you know, the, there's no policing. And the sad thing is that is the problem. It's not, there's no policing. I shouldn't say that. Excuse me. No, you're policing your asses off. I get it. There's no ability. There's no prosecution. There's no bill. You guys are arresting people, putting them in and they go right back on the street. They're getting, they're getting appearance tickets. It's a joke. Your point is no, there is no policing anymore because of the system, the Democrats put together where the police officers aren't going to bother. If you're a police officer and you know that somebody is going to be this, this carjacking or whatever is robbery. And you know that there's a potential, you're going to get an altercation where you're in New York state. There's two police officers that have been brought up on charges recently with almost a hundred percent chance that if you do catch that person, that person will be right back. Yeah. A hundred percent. Why would you bother? Why would you bother? You're not going to put your life in line. No way. You want to go home to see your wife and kids too, and your mother or your husband or whatever. You want to be able to spend your Christmas with your family. Why would you do that? And they know that, right? The Democrats know that. This is, you can't be this stupid. I mean, who allows these people to go right back on the streets and say, this is a good idea without correcting this right away. You can say, okay, bail reform. Our intentions were one thing, but when you look at the fact that in New York state, we are now breaking records in towns like Rochester and Buffalo for the most amount of vehicles being stolen. We can say, okay, look at bail reform, put it in place. It clearly did not work. It's been a total disaster. These towns have turned to shit. We absolutely need to go back in the other direction. They're not doing that. They don't care. They want to, and they're doubling down, tripling down on it, tripling down. We invited this liberal on, you actually were on the show with him and he said, things are actually safer since bail reform. That's what his argument was. His argument was, and by the way, his argument was if we have even less police officers, cities like Buffalo will get safer. Well the thought was less police officers, less arrests. Less arrests means less crime. Dude, you got the whole thing backwards, bro. And not only that, but now we know that, right? Now we know, now you can, I mean, literally auto thefts are up 360 % in Rochester. They're not up 3%. You can say, well, you know, in Buffalo and we're in second place. And they can't play, they can't play in COVID. They're trying to like, well, it was a lockdown. People were at pent up, whatever. Remember that was the, that was the reason for the rioting and the ballooning and burning like, well, people had a lot of pent up. We probably should have locked them down. That was a little bit of the reason for the increase in suicides. You guys, you guys increased suicides because you locked kids in their homes, but it wasn't the reason that they went and decided to steal Nike sneakers from a footlocker. So check this out. Speaking of COVID, this is huge. This is, I don't know if you saw this or not, but this is absolutely ginormously huge. Dr. Fauci was smuggled into CIA headquarters without a record of entry where he participated in the analysis to influence the agency's COVID -19 investigation according to the house select subcommittee on the coronavirus pandemic. Did he need to do much with these left -wing CIA agents? Probably not. No, no, no. That's what they're smuggling him in for. Well they smuggled him in because they didn't want anybody to know that he was part of the PSYOP operation, which was hydroxychloric. By the way, the I think it was a Mayo clinic and some other hospitals now have come out as well as the CDC and said hydroxychloroquine, yes, indeed is an effective treatment for COVID. Oh, by the way, ivermectin also an effective treatment. The CDC now approving that. Now mind you, we're going to keep in mind that if there was any other treatments that couldn't get the emergency use authorization for these vaccines that clearly don't work. Amazingly, I'm still seeing people online go signing off my sixth booster on our way for the sixth shot, proud to get our sixth shot. How about how about one the other day, local left -wing nut job got her sixth booster shot, six shot and she still got COVID and then she said, well, I was so good hiding and it got all my shots and then I went to a concert and I got it at this concert. Well, first of all, you don't know that, but second of all, if you have six shots and you six shots and you still got COVID and you actually think that was a good idea, you don't need a vaccination. You need a mental, you need a mental check. I tell you, I know people during the during the COVID, the height of the COVID that were older, some of our clients actually that were prescribed by a doctor a hydroxy quirk when they were taking it once a week as a as a preventative measure. Yeah. And they, to this day have never had COVID. Yeah. And it's, it's, I mean, so it, but the sad thing is again, you know, we couldn't, it's all about the money now. And that's, you know, when people talk about the evils of capitalism, you're seeing some of that. Now, capitalism is the best thing on the planet, right? As far as, you know, lifting the masses out of poverty and creating amazing amounts of wealth. But the problem is this isn't, this isn't capitalism. What's going on. This is cronyism is what's going on. It is, Hey, look at, I will give you these government dollars. You're going to get this patent. You're going to get this. Unholy marriage between business and government. Mark my word. We were talking about Feinstein selling 25, $30 million homes. This Fauci will be on the board of Pfizer. He'll be on the board of Moderna. He's going to get shares of those companies. He will be blessed with with with millions and millions of dollars. His family watch and see, we'll be talking if we're, if you and I are fortunate enough to be around 20, 30 years from now, we'll be talking about the Fauci trust and watch and monitor that trust and see how big that family trust. Well, you see how easy this is now. You look at how they move money around and how the in your face money laundering folks. This is what this is. This is corruption and fraud. Some of the Bidens are great at the money laundering part. They got 20 shell corporation, but guess who's getting the, guess who's going to be controlling the funding to rebuild Ukraine. We pay to destroy it. And guess what? The Hillary Clinton foundation gets paid to rebuild it. Right. And guess who's going to get the contracts to rebuild. Oh, that'll be probably one of the Biden family members or somebody else's politically connected. Right. Remember it was, it was a Joe Biden's brother who got the contract, the multi -billion dollar contract to rebuild Iraq. No building experience, never been a contractor, right? No idea. Right. This is why these projects cost 500 times what they're supposed to cost. This is why when money comes into Buffalo, for example, $25 million to build homes, five get built. And you were, wait a minute, five, are these $5 million homes in the East side? Each of those homes would have been built for a quarter million dollars or less. And yet where did the rest of the money go? And the, the answer is never, we don't know. We don't know. We can't account for it. Or we'd have no idea. Or I mean, how many times have we've seen that in so many places that whether right down the local level or God forbid at the federal level between, you know, Iraq and others. I was telling you last week on the radio, I was reading an article about the grants that were coming into the city of Buffalo to plant trees. And I thought, okay, wow, like this could be sweet. Okay. You know, like I'm a big tree guy. I love trees. I plant trees every year. I do think, okay, that's one way to, first of all, I think it's one way to make a community look great. When you, when you drive around, let's say North Buffalo, all the streets are all tree. They look beautiful. You drive around the East side, it looks like shit, right? So, okay. You're going to take some of my tax money and you're going to directly plant trees. Okay. It's a win for the environment. It looks nice. It's going to bring things together. I'm like, well, where's the catch? This is a government agency. Where are they going to screw it up? You read through and you find out that they're paying $1 ,000 a tree. Now you and I both know that if they're saying it's $1 ,000 a tree, by the time it's done, it'll be two to $3 ,000 a tree. Now you, you're talking about $13 million worth of trees. You and I just planted trees. Every year we plant a few trees around our office, you know, three, four in the spring, three, four in the fall, just so they can start to grow and work their way in. And then, you know, plant more. We pay $250 a tree, plant it. Right.
Fresh "Triple H" from News and Perspective with Tom Hutyler
"1000 FM 97 .7 stay connected stay informed afternoon 231 now 61 in downtown seattle we'll have a forecast for you here in just a couple minutes i'm rick fan size here's what's happening around the northwest person one found shot to death in a trailer in paulsbo como forest mole hider has more from the scene this is northeast along lincoln road and subtle my road northeast this is not an area where we typically see crime very quiet heightening community so this is something rare to see here that's mo hider the kitsap county sheriff's office says they're looking for two men in their 20s who took off in an suv detectives believe they knew the victim they're identified as 29 year old caleb sloan and 26 year old axel strom you can see their pictures on our acts formally known as twitter page at news radio n w senator maria canwell wants additional hearings on the fentanyl crisis more from northwest news radio's jeff pojala this has been an ortany issue for the washington democrat for months earlier this year she held a series of roundtable discussions across the state on the fentanyl crisis we want to make sure that at the federal level that local communities law treatment need centers more help and support now she's pushing the senate committee on indian affairs to hold an oversight hearing on how the crisis has affected native american communities he says the native american population has been disproportionately affected by fentanyl overdoses jeff pojala northwest news radio and republicans on the committee have not yet responded to her request with college students back on campus so -called hazing is underway here north northwest news radio's carlene johnson participating in hazing activities could result in a fine misdemeanor a charge or a felony if the hazing results in serious bodily harm or death like in the case of sam martinez who was forced to drink a massive amount of alcohol at what they call big little night at his wazoo fraternity he passed out and later died from acute alcohol poisoning 15 frat members were charged with furnishing alcohol to a minor but sam's mom told crim tv at the time those charges far more should serious have these charges are very minor charges against these 15 people and none of it can bring sam back here in washington the sam martinez has stopped hazing law which was passed unanimously makes hazing a gross misdemeanor and if that hazing results in substantial bodily harm it rises to a felony carlene johnson northwest news radio hamsters ibew members and others plan to rally this afternoon outside the takoma municipal building they represent takoma workers who repair roads clean up parks and operate libraries among other things they want higher wages there we run this city rally starts at four thirty this afternoon northwest now from northwest news radio your home for breaking news and traffic and weather every ten minutes on the forest here's kimmy klein from high the -performance homes traffic center in seattle we had a crash on capitol hill that was blocking both directions of highway around pine street that has been cleared both north and southbound lanes are getting through once again but south and i -5 remains busy into downtown seattle now from the u -district towards i -90 we're still okay across our floating bridges on 520 and i -90 but bellevue traffic just continues to pack in on southbound 405 leaving southeast 8th right of the kenny dell hill towards sunset in renston there is a crash reported in renston on state route 169 near cedar grove road i'm seeing some minimal delays there and some scattered ones on the valley freeway now southbound 167 around south 180th around willis street and a little bit more around joe vita our travel time on i -5 from seattle to federal way is taking drivers 37 minutes north and i -5 seattle to everitt that is coming in around 34 minutes and the hood canal bridge was opened uh to boat traffic we're now getting through once again for cars so we're seeing traffic move again on highway 104 and highway 3 around there the support is sponsored by black hills heating cooling plumbing electrical black hills heating cooling plumbing and electrical call them today to help with any home service or repair that's triple 888 hills today your next northwest traffic at 244 turn and the weather outlook let's get the sponsored update here from northwest crawl space services and christine clark at como 4 broken sunshine and high temperatures in the low 60s for this
A highlight from The Dame Trade Hostage Crisis, a Lethal Browns D, and Miamis Speed and Motion Apex With Wosny Lambre and Michael Lombardi
"Coming up, a little football, a little basketball, next. It's the Bill Simmons Podcast presented by FanDuel. Get in on the football action right from the opening kickoff with America's number one sports book. The app is safe, secure, easy to use. FanDuel always has exclusive offers. When you win, you'll get paid instantly. FanDuel has lots of ways to play, like the spread, money line, over -unders, team totals, player props, so much more. Jump into the action at any time during the game with live betting. Combine multiple bets from the same game in a same game parlay. Download the FanDuel sports book app today. Make every moment more this football season. The Ringer is committed to responsible gaming. Please visit theringer .com slash RG to learn more about the resources and helplines available and listen to the end of this episode for additional details. You must be 21 plus and present in select states. Gambling problem, call 1 -800 -GAMBLER or visit theringer .com slash RG. This episode is presented to you by NFL Sunday Ticket now on YouTube and YouTube TV, football season. It's here, baby. And with NFL Sunday Ticket on YouTube and YouTube TV, you can watch your fantasy players out of market Sunday afternoon games, no matter where you live. Get NFL Sunday Ticket on YouTube or bundle with YouTube TV to get even more football. Visit youtube .com slash BS to sign up now. We're also brought to you by the Ringer Podcast Network, where I put up a new rewatchables on Monday night. It was my birthday. So I decided to treat myself with one of my favorite movies, The Big Chill. Me, Sean Fantasy, Chris Ryan. It is basically the 40th anniversary of this movie as well. So that was a fun wrinkle. Plus my mom's favorite normal movie. And I actually asked my mom to come on this podcast. She turned me down, had no interest, said nobody wants to hear from her. I said, that's actually not true. People would love to hear your thoughts on The Big Chill. She said, no, I have not heard from her about the episode yet. I'm sure something made her mad, but I was very excited about this episode. It's almost two hours. We had a great time. So that's it for that. Next week, Kyle Brandt's coming on. And you know what happens when Kyle Brandt comes on. There's a specific type of movie we do. So I'll just leave you with that thought. You can get excited for the next six days. Coming up on this podcast, we're gonna talk to Big Waz about the Dame lowered trade saga, which has kept all of us hostage for the last three months. But now there's signs of light that something might happen. We're gonna talk about what we think is the single most fun team Dame can go to. So there's that. And then our old friend Mike Lombardi is going to stop by to talk about, um, the Dolphins and the Browns and Caleb Williams and all of the midweek football subplots that we find. So fascinating, really fun NFL season so far, by the way, I've been, been enjoying myself. I just realized that media day is coming for hoops on October 2nd. Rosillo and House and I are doing our annual over unders triple pot or however many parts that's going to be. That's going to be sometime in mid October. And I've done zero research. I have no NBA thoughts whatsoever. I've been just in football, football, football. So over the next couple of weeks, I'm going to be, um, diving into the NBA as well. This is a very, very busy time, but also an unbelievable time if you love sports, which, uh, I still do somehow, um, very excited to see where this NBA season goes. I can't remember more teams either in flux or feeling a little worse than they did last year or feeling completely different than they did last year. I keep staring at the, the big slate, like, who do you love in the East? Like, who do you love in the West? Denver, maybe they're benches worse, but it's just a really hard one. Usually when we get to the end of September, we always think, all right, I feel really good about these three teams and I just don't feel that way yet. So maybe as I dive into the, uh, my whole research process, which by the way yielded for you guys, Denver in the finals last year, that was my big bet. Um, maybe as I throw myself into this process, I will, uh, I will have some, some dimes of knowledge for you in October. All right, we're going to, uh, start this podcast first, our friends from Pro Jet.
A highlight from The Mike and Mark Davis Daily Chat - 09/26/23
"Olivia Newton -John would have been 75 today. So this one hurt. I mean, when she passed last year. I mean, how many people are this universally loved? It would have been easy to go get I Honestly Love You or Let Me Be There. But two, three years before that, she had this cover of the great Bob Dylan, If Not For You. It was her first big hit, and so we salute Olivia Newton -John today on what would have been her 75th. Hey! You know, it's funny that you mention this, because I spent some time on the show yesterday saluting a great, great guy out of Columbus, Ohio, Bruce Hooley. He is a Columbus host. He's filled in, I think, for Hewitt a few times. And he and I had a segment together. We haven't always seen eye to eye. He's kind of a mainstream conservative establishment Republican, and he's a really, really spiritual guy out of Columbus. He found out a couple of weeks ago, wham, he's got brain cancer. And he had brain surgery. Well, this guy is now embarking on sort of a journey to say, you know what, remember the things that matter. Now is the time everyone should lean into your faith and remember the love of Jesus, remember what we're here for. And he sees this as almost a calling that he's facing this very tough, difficult journey. And he's got a blog going, Bruce Hooley. You can look him up in Columbus. Spell Hooley. Spell Hooley. H -O -O -L -E -Y. He's the midday host on 98 .9 The Answer, our affiliate in Columbus, the Salem affiliate in Columbus. And he's such a deep man of faith that he said, I'm not afraid of this at all. He said, I know what I'm supposed to do, and if I can share the love of Jesus Christ and help everybody know what the right path is, I'm going to do it in whatever time I have. He's my age. He's 63 years old. And this guy, I always have such a deep admiration because you know what? If it's me, I'm on the floor in the fetal position, and I'm not going to be able to get out of bed. I'm going to be afraid. I shouldn't be. We should know we're here for a short period, and we know what our real purpose is, and we know where we should be headed. But you've got to make—it's an easy choice. And he writes about that. He goes, it's real easy. You accept him as your savior, and you do it now, and don't wait until you get a diagnosis. And that's kind of his message. Mark, I just love the courage and the nobility of people like Bruce. And so you just reminded me of that when our prayers were out. I am so glad. Let us lift him up in prayer. And it's funny. It's a big—not to use everybody else's story as a mirror and an attitude check in our own lives, but it just invariably happens because I can get a little twisted off if I can't get to the bank and the post office in the same day. It kind of gives you a little bit of a big -picture look at your own blessings, your own health, your own prayers. So let's everybody kind of get a grip. I got a scathing email from a listener in Columbus who said, hey, Mr. Wisdom Tooth, we had to hear you whining about your stupid wisdom tooth, and here's Bruce facing brain cancer. How dare you? And she really went at me. And I read this email, and I thought, holy—and that was after I did this lengthy tribute to his courage. But I get it. I lose perspective all the time. And all of a sudden, my stupid dry socket problem didn't seem so bad. That's it. Everything's relative. Like Elaine Stritch said, everybody's got a bag of rocks. We all got something we're dragging around in our lives. And, you know, right now we've got seven candidates on a debate stage dragging around some rocks tomorrow night. And by the way, can you help me understand why Larry Elder's name has just been eradicated from the conversation? They don't even talk about him anymore. A little bit of history, because he did, by all accounts, he did what was necessary to get onto debate stage number one. X amount of fundraising, 1 percent in a stretch of significant polls. He did it. And Ronna McDaniel or somebody simply blocked him from that debate stage. So I think he could have gotten from 1 to 3 percent just by being Larry on that debate stage. And that would have opened the door to who knows what, because if Doug Flippin' Burgum can be in this debate tomorrow night, Larry certainly could. But he was denied the chance to be on debate stage number one. The threshold for debate stage number two is 3 percent. And with Larry back there at one, there's no way for him to triple that without being on the debate stage.
A highlight from Bitcoin Has A New Super Whale! (2024 Bringing Explosive Gains)
"Good morning, everybody! It's time to discover crypto. It is September 25th. It's 1133 A .M. Eastern Standard Time. It took us a few minutes to get ready today, Tim. Was it your fault? Probably, yes. It's probably his fault. We got Drew on the ones and twos. And, Tim, how are you doing today, Drew? Oh, I'm doing great. Couldn't be better, honestly. Alright, me and Drew were talking. We might try to get that MRV video out today. Folks, I might also put out my cold plunge footage. I got to upload that and everything. So, it's going to be a good, good show. Today, we're talking about MicroStrategy. Just bought more Bitcoin. We're talking about how much Bitcoin does Coinbase hold. It's a whole lot and it's a lot more than you thought. Also, we're talking about the Expiry on Friday, Tim. Yeah. Now, what are your thoughts on the Expiry? I mean, it's going to be a little... It's a lot larger than the last one. I think it's about 4X the amount of money that's in this week's. Yeah, it's a very large one and it's going to tell us a lot. There's two things I really take away from it. First of all, it kind of gives us a good indication of what price is going to do this week. And then we got to wait to see what happens on Friday, but we'll talk about that level later, I think. If we don't get to that level, we could see that move below $25 ,000 we've been talking about for a while. And also, we're going to talk about Chainlink, everybody, and some fake Aptos floating around. So, that's going to be a pretty fun story there. Alright, let's refresh. Make sure we got the freshest crypto pricing available. And it looks like the market cap is down, folks. We are down 0 .8%. We're coming in at $1 .08 trillion, 24 -hour volume, $32 billion. And Bitcoin dominance coming in at $47 .2. Gas is almost triple what it was Friday when we were doing this. It was 29 Gwei today. It was 11 Friday afternoon. Bitcoin is bouncing a little bit on the hourly. Same for Ethereum. They're up 0 .5 and 0 .3. But down for the 24 hours, you see Bitcoin down 1 .4%. Any levels you're looking at, Tim? We got Mr. T .A. Tim here. For Bitcoin specifically or for anything? Yeah, for Bitcoin. So, again, we'll talk more about those levels. But there's something about that options expiry and that level being $26 ,500. I'm not expecting price to go too much away from that. I think there's even a point where in the week we could get a little over that, then come back down. This happens a lot when there's a big number for options expiry. Price doesn't get that far away from it because the traders want to keep it right there. But then watch right before the expiry happens. My suspicion, Deezy, is it's going to be below. It's going to be bad. And I think we might have a good little fall on Friday. And, well, depends where we're at because a lot of times it acts as a magnet. It wants to pull the price to $26 ,500. Right now, we're at $26 ,200. So I expected to end up getting pulled to that price like a magnet towards the end of the week there. We have Rice hanging out. Hey, what is going on, Rice? Rice in the chat. Hey, make sure you go follow. If you see him in the chat, go click on it. You see his channel. Make sure you're subbed if you're not already. We have ETH down 0 .6%. We have BNB down 0 .8%. XRP leading the losers of the top 10. It is down 2 .3%. And Cardano, in a weird way, besides Solana, performing pretty decently here. It is only down 0 .2%. Solana is actually up 0 .3 % while Ethereum is down 0 .6 % and Bitcoin down 1 .4%. But let's look at the top gainers here. Oh, I see a good juicy Chainlink pump. What is going on, Drew? Yeah. You're feeling good about it. I'm feeling good about it. I've been telling people to buy Chainlink. My 3 .2 should have been 4 .2, man. I'm missing out on that one Chainlink pump. I know. My heart goes out to everyone distracted by drama because Chainlink is crushing it. Yeah, yeah. Me, I'm focusing on crypto prices. I'm focusing on crypto news. And I'm focusing on bettering my situation as we get closer and closer to the halving and then beyond. I think the next 12 months after halving will look pretty good for Bitcoin. All right. Well, let's look at the top gainers. We have Aptos leading the way. Aptos is up 3 .7%. There were some counterfeit Aptos tokens. Is this, you know, maybe the team, the community pumping the token? That way, if you see, oh, a bunch of bad Aptos news, let me look into it. Oh, it's the best gainer of the day. Oh, it must not have been anything. Maybe there's a little element of that going on. Number two, though, we have Chainlink. Chainlink pumping up 3 .2%, up 8 .2 % for the week. Frac shares up 2 .9%, and ImmutableX is up 2 .2%. Was 3 .7 % just an hour ago. I actually have two of the top four coins here. I can't believe it. I'm assuming I'm going to have zero losers in the biggest losers of the day. Can I get any thoughts on SEI from JA? Get forward. Well, one, you got to get a Chevy or a Honda. That's your first problem. SEI, I don't really have any. We'll look at it as the top losers and the top gainers. All right. After that, though, we're seeing ImmutableX, then ThorChain, then Law Enforcement Officer token, then we have Bitcoin Cash up 1 .7%. But after that, it's going below 1 .5%. Really not seeing anything too crazy. Now we're going to the losers. We want to make sure your coin is not in the biggest losers of the day, and the best way to make that happen is to hit the like button. That's what I've heard. I don't know if it's true or not. Whoo! Radix is down, and it is down heavy, folks. It is down 11 .9%, and WeMix is up 65 % for the week, but it is down 8 % for the day. You can see it just cracking in the top 100. That's why we haven't really been used to seeing WeMix. It looks like it's just now getting in the top 100. Then we have Render, then we have Optimism, then we have EOS, then we have XRP. I have a small bag of XRP, but I have nothing in the top 5 there. Radix, have you been ever trying to trade? Radix get in and out. You always see it in the losers and gainers. No. So one of the problems with trading altcoins, especially when you're using TA, is some of those altcoins, they can move very quickly without TA helping them. So those ones, you definitely have to get in, be aware of what's happening with adoption, be aware of what's happening with stories. The charts still help, but the charts can't give you the complete picture. And I don't do a lot of digging on little altcoins like that. Yeah, Radix down 12%, but up 6 % for the day. So people got in a week ago. They're still looking good, even though they're down almost 12 % right now. Let's see. So what was that? The Super Chat coin there again. SEI. SEI. I don't know how to pronounce it. I always see it up there. Well, it's a newer coin, correct? Yeah, it's a newer coin. I mean, it's a new coin. It's going to be too soon to kind of give it any real data if we click. I just want to get that spike off the axis there. I mean, it looks like it's bouncing off that level. I mean, very, very limited TA. Looks like market buyers are buying it when it hits that level. So maybe they'll continue to buy it, but maybe they'll quit buying it. Maybe it falls through that support. Yeah, the charts. There technically actually is a little bit of bullishness about it going on. Definitely hitting in a place flashing oversold.
A highlight from Saylor Now Own's Almost 1% of All Bitcoin, BUYS MORE | EP 831
"Yo intro first You're against freedom Yeah, we're gonna salute Bitcoin live we're your number one source for the peaceful Bitcoin revolution for breaking news culture manic warfare We will be your guide through The separation of money and state. I hope everyone had an amazing effing weekend I did I got to chill, you know everyone on the weekends like man like like what'd you do? What like, you know, what did you do anything crazy news, whatever? No, man I stayed home and I chilled and I relaxed because the week, you know, it's the Bitcoin rollercoaster making Bitcoin media You know, it's a grind. I'm not gonna lie It's very purposeful and I'm very very grateful and privileged Opti and I are and the rest of the simply Bitcoin crew But but it is it is quite a bit of a grind. So on weekends, I get to chill. Anyways enough of that breaking news Michael Saylor buys Even more Bitcoin the man or micro strategy better said now owns almost 1 % of all Bitcoin sky talk about Conviction this is conviction Michael Saylor is proving to the world and this is something that I've been saying guys in the next two or three years it is going to be Undeniable, it's gonna be an undeniable fact that naim bukele's Bitcoin strategy and Michael sailors strategy on the public company level is Going to be an alternative than holding fiat currencies on their balance sheets Especially with the FASB rule changes, especially with the Bitcoin ETF around the corner there They're gonna they're trying to do whatever it takes and I believe it's politically motivated I'm not the only Bitcoin or that has said this by the way That they're you know, they're trying to slow this down But it's gonna be undeniable and they're gonna have a very hard time Debunking this that Bitcoin Itself, it's just a better money It's just better money and governments are gonna have a hard time disputing that and the reason they're gonna have a hard time Disputing that number one is because they're always going to do they're always gonna want to debase their currency They can't afford the endless wars. They can't afford sending billions of dollars to Ukraine If they didn't have the money printer, so they're gonna have a really hard time explaining that away and number two Censorship, of course, right and the control on money itself, right? A lot of the reasons that the BRIC nations have sought alternatives to the US dollar Not only because the US government is printing a ridiculous amount of money but also because they've politicized the money they've weaponized the money against their political opponents and Fine, you could you can make the argument. I'm not gonna I'm not gonna make those judgments the government of North Korea are bad Okay, and the government of Russia is bad the government of Cuba is bad. I'm not gonna get into those arguments, right? but let's talk about The vast majority of people that live in those countries that are not have nothing to do with the government They're just like you and you and me. They're just trying to get by they get caught in those sanctions they have nothing to do with it and The system that they want you to live in is if you live in a certain if you were if you happen to be born in a certain country You happen to have certain political beliefs. You are not entitled to have to open a bank account You are a danger. You're a risk. Well Bitcoin is for you Bitcoin is your money it works. So they're gonna have a hard time and this is why we call it the separation of money and state This is why we bring up the book the sovereign individuals so much because it absolutely Hit the nail on the head this what we're living through right now, but it's not only money It's also the disintermediation of information which is happening at the same time. You're seeing it with the Russell Brand stuff You're seeing it with the Tucker stuff Independent content creators are now getting more views and more traction than the legacy corporate media of which they cannot control and that freaks them out too, so After we got over this hill after we endure this this this bumpy transitionary period and if we win the race to avoid the war I Agree with Corey Clifton from swan I think that there's a bright orange future ahead of us and I've never been so pumped about it But I got to say one last thing before I bring up my legendary co -host Michael sailor Please leave some Bitcoin for the rest of us. Anyways Opti. How you doing, brother? I'm doing great man doing great. I also unplugged this weekend. It felt good I was literally joking with everyone in the spaces. I literally lived the meme. Did you guys catch the game this weekend? I unplugged completely what game did he catch? I caught all the games. I didn't do anything yesterday I literally did not a thing yesterday, but watch football Throw tomatoes all you want, but it was it's a great weekend It's good to be a big corner and then also guys mad sailor leave some Bitcoin for the rest of us she It's almost like you taking it all it's almost like you trying to buy all the Bitcoin. Yeah. No, he definitely is bro He he owns 1 % he almost owns 1 % of every Bitcoin. We're at that point. We're at that point in the movie, dude Well, I think this is the PSA where we tell everyone to stop selling your Bitcoin to Michael sailor and huddle onto them coins We're in the dark it actually I saw a good tweet before we go on Nico I saw a good tweet this weekend and it was something on the lines of like Dang, I wish I could remember but it was something like Willy. Woo is bearish Someone there is another part and then it's like and Bitcoin maxis are watching d3 football like if you can't tell that this is the deepest parts of a bear market Like are you even watching there? It was a great tweet I wish I could say it off the top of my head But as you can tell we're in the deep parts of the bear market I hope you guys are stacked and I hope you guys are getting your cash flows up and Just you know getting your body right mine, right? This is the time to get your UTXOs in order to make sure that everything is copa static as we move into a crazy Bull run. Anyways, Nico, we were gonna have a guest today But I'm kind of glad that they didn't show up because I wrote an article for once guys And I'm actually really hyped on this one so I'm gonna read it for you I'm gonna do my best guy Swan impersonation today, and I I think you guys are gonna really like this one So, I don't know it. It's got a lot of soul. It's got some spirit in it It gets me hyped up and maybe I'll give you context for it. I'll just read it and see what Nico thinks He I don't even think Nico seen this yet So I'm excited to get his response his reaction to we're gonna do a reaction video on today's simply Bitcoin Anyway, you go let's get into the show. Are we gonna get a Nico Jones take today? Are we gonna get a wild Nico John? I think so. We got something spicy for the numbers, bro. Let's jump in today. I bet The Bitcoin numbers is your Bitcoin in cold storage really secure is your seed phrase Really secure stamped seeds do -it -yourself kit has everything you need to hammer your seed words into commercial grade Titanium plates instead of just writing them on paper Don't store your generational wealth on paper papers prone to water damage fire damage You want to put your generational wealth on one of the strongest metals on planet Earth? titanium your words are actually stamped into this metal plate with this hammer and these letter stamps and once your words are in they Aren't going anywhere. No risk of the plate breaking apart and pieces falling everywhere Titanium stamped seeds will survive nearly triple the heat produced by a house fire They're also crush proof waterproof non -corrosive and time proof all things that paper is not allowing you to huddle your Bitcoin with peace of mind for The long haul stamp your seed on stamped seed. All right, everybody. I literally made it super frickin easy Don't put yourself in a situation while you lost Why you have to explain to your grandchildren while you lost your generational wealth because you stored your seed on paper store it on Titanium scan the QR code on your screen use promo code simply get 15 % off anything on the stamp seed website anyways at the time of recording The Bitcoin price is twenty six thousand three hundred and forty sats per dollar three thousand seven hundred ninety seven block height eight hundred nine thousand three hundred and three blocks to having Thirty thousand six hundred ninety seven having estimate April 21st 2024 total lightning network capacity four thousand six hundred seventy three Bitcoin Capacity value one hundred twenty three million u .s. Dollars realized monetary inflation one point seven five percent the market capitalization of Bitcoin 513 billion dollars with the B Bitcoin verse gold market cap three point nine nine percent All right, everybody so Opti said Nico Jones ran potential Nico Jones rant What what is this potential Nico Jones rant gonna be about? Well, we've talked about the you know It comes from like the political front this this this saying but I'm gonna apply it to Central bankers, I'm gonna apply to politicians Right, and there is something in the in the political Rhetoric recently and it's called the iron law of something projection, right? So we're gonna take away the political rhetoric because we believe on simply bitcoins not left versus right, right? It's a party of orange versus party of green party of central bank digital currencies nihilism poverty slavery versus a party of freedom Bitcoin Prosperity opportunity optimism, right? So that's really what it's about But I'm gonna take that rhetoric because it is very very powerful rhetoric and I'm gonna say the iron law of central bank Politicians projection never fails it never frickin fails let me introduce you to senator Mendez of New Jersey and let's take a look at what he has to say about Naeem Bukele of El Salvador We have an increasing challenging situation in El Salvador one that threatens both the future democracy in the country and bilateral relations of the United States Over the last two years president Bukele has presided over a number a number of alarming setbacks for democratic governance undermining judicial independence intimidating opposition lawmakers by using security forces to occupy the legislature negotiating political pacts with gangs regularly attacking journalists and media outlets and In addition to these actions Bukele has also repeatedly used his network of Twitter trolls to attract and to attack And threaten not only government critics within El Salvador, but also United States officials We have an increasing challenging situation in El Salvador one So this is just internalize everything everything that this guy said right, you know senator meant You know, he sounded so legitimate.
A highlight from Rate Pause
"Hello and welcome to Ledgercast. My name is Brian Crossguard here, as always, with one and only Josh Olsowich. Hey Josh. Mr. Brian. How you doing? How are you? I'm good. I'm happy to be with you today. You're already cards pulled up, ready to go. I got my best podcast hoodie on, you know. Only the best Ledgercast family. Getting the hoodie season, depending on what part of the country you're in. For sure. My dear Alabama, I mean, this is the weather that you live here for. Like, most of the year is incredibly humid, but September, October, November, that's when it's the good stuff. Well, people didn't come on this podcast to hear about the weather. They came to hear about head and shoulders. We always start with the weather. I know. It's like a podcast faux pas, but we do it anyway. It's the human experience. There's a head and shoulders on like every market on all timeframes. Like, you can't not see it. ETH, Bitcoin, S &P, Qs, any risk market, we'll put it like that, any risk market looks very, very toppy still to me. What are your thoughts on, you know, as we enter our 37th week as macro LARPing traders? Yeah, well, this continues to tell a story, right? Dollar legitimately been up only on a weekly basis for more than two months. Hold on, hold on. Jeff in the chat said. Jeff, were you listening for your show? We were just discussing the accelerated aging of Ryan in the show. I feel like I feel like the bear market is hitting me in every possible way right now. Sorry, continue. Yeah, I'm I'm going to be very gray and old and wrinkly if I make it through another cycle. Anyway, the Dixie is up. Yield. You know what I realized this week? Back to the Dixie for a sec. I realized that the Euro chart, Euro USD is basically the Bitcoin chart. So if you're rooting for Bitcoin, you're basically rooting for the Euro chart. I don't know how that's going to work out. It's not the team I want to be on right now. No, I agree. I don't know how that's going to work out for us because that Euro chart looks bad, quite awful. Yeah, that's bad. So I keep that in mind generally for people, you know, if you see some good news or positive news in Euro land, which I think is rare these days, it should generally signal wellness for Bitcoin. Yeah. Well, it's mostly that dollar strength. It's just not. Yeah, it's all it's all just the same thing. Right. Yeah, exactly. We titled the show Rate Pause because rate hikes were paused. So this is the first time in quite some time that we've gone into FOMC with no change. The result of that was you start to see the 30 year kind of catching up to the two year because they also said that they are planning on staying high for longer. So we're not going to do the thing where we just immediately start going into cuts. And so, yeah, it may not have the desired effect that people might expect by a rate pause. At this point, holding rates at this level is restrictive eventually, right? It gets more and more restrictive as the lower interest rate that like rolls into this new environment, you know? Right. But I think it's honestly, I agree with the Fed. I think keeping it here and doing a wait and see type attitude makes more sense than keep raising and then panic cutting when the time comes. I think you have a potential to break a little less in this regard. I think they should have paused a while back and should have started way before they did. But nevertheless, the idea of pausing but not committing to a cut, I think is reasonable. Well, the markets didn't get angry at pausing. The markets got angry because they hinted at two more hikes still. So if that actually happens, I don't think it will. Look, I'm a chaos agent. I say go all the way, right? Pedal to the metal, no half measures. If you want to kill the economy, go for it. So yeah, let's do two more. Let's do one in November, one in February, whatever. I don't know. I think the consensus, though, is that markets aren't going to last that long. Markets being the economy, I guess. But the economy just isn't going to last and hold up through that. So unemployment is going to tick up considerably. That's the expectation. You're not going to get your soft landing. And Paul basically said as much that that wasn't his base case during the meeting. So you got to keep that in mind when you're looking at risk markets like crypto and alts especially are just still obliterated and continue to look terrible. Two -year looks like it wants more. The three -month yields look like, all the yields look like they want more. Yeah, they're all acting like it. Especially if you take today out of the picture, which I'm not sure I'm going to read too much into what's happening on a Friday. Well, we had, so yesterday we had a negative 1 .6 % day on S &P. And there were already legacy analysts coming out saying, oh man, Paul's going to have to cut this year. It's been one day. You people are so soft, so pathetic. Pillsbury Doughboy over here asking for cuts after a down day. Give me a break. Just absurd. The chart on the S &P does look like it has room for more downside like that. Oh, for sure. Pretty clean breakdown, but it's not in panic mode. It's in the middle. It's in the chop zone. 4200 makes all the sense in the world based on some basic technical analysis. Look at the 200 -day moving average. All this is just meaner version. You have people panicking that the number is going down instead of up and they're pathetic. I mean, that's legacy for you. Even when you look at non -technical analysis, if we were in price discovery for the stock market right now, it would not make sense. It just does not make sense relative to the economy. But ledger, price is in the forward future. It doesn't look at what's happening now. We're not going to get a recession. We're going to get a huge GDP print, man. Forward future looks like we got another year or two of grinding. Like grinding economically, trying to figure out this balance of wage inflation, commodities inflation, cost of goods. There's a balance that has to exist there. Life is more expensive for people. Their homes are more expensive and their business loans are more expensive. are Their wages up, but they're not caught up to that. And so the economy needs to figure itself out. It needs to find its Zen zone. I agree. That could take time. But that's not the S &P. The S &P is eight companies who have billions of dollars, don't need to borrow, don't need debt at this interest level. But now the problem, I think Apple especially, I don't expect their new phone to sell gangbusters because the economy is... It's one of the easiest things to not upgrade. Right. Well, that as well. But USB -C, right? Welcome to the 21st century, everybody. So I'm expecting those numbers to be soft. The Nvidia story seems to be softening, even though it's hard to really know what's going on there. There's still lots of lots of demand for those checking news. Yeah. But I guess the point is, who cares about the rest of the S &P, the 493, right? It's all about the top seven right now. And if those are weak, which they are, just in the charts, the markets are going to turn lower because you're not getting any help from the other 493. All right. I want some of what Andre is drinking in the chat. I'm just going to plop this onto the show. Here we go, Andre. This is your moment. Fed waits another year to lower rates than the BTC happening. The presidential election and lower interest rates are all going to be happening at the same time as we go into the next bull run. Space exclamation point, which is another way of saying triple exclamation point. Where do you put that space in front? Andre, I'm with you. I hope you're right. I think people believe that if they cut, then that will be bullish, but they won't cut until things look terrible. So if they're cutting, then we have a different problem, right? We have a recession if they're cutting, right? It's over if they're cutting. We just have to dodge a recession. You just have to dodge a recession. Around halving, whatever. And then there's this other school of thought, which is kind of what Andre is hinting at. Maybe the halving doesn't matter. Maybe it's just a coincidence that we've been in these four -year business cycles, and it's just lined up perfectly. I've seen that narrative growing recently, which is surprising to me, but it makes sense. Look, if you look at the data and you just don't pay attention to halving, I agree. But I think the halving brings eyeballs. It brings people understanding the asset a little differently because they're like, oh, wait, what do you mean? The supply is going to be cut in half or whatever, the daily emissions. Anyway. And meanwhile, Bitcoin and ETH both basically at their 200 -week moving average. This was okay. So that's the tweet you have up. This was my engagement bait last night. This is if anybody was paying attention. It's comparing the 200 -week and the 200 -day moving averages on Bitcoin. The last time... They're converging. Yeah. So they're converging. And the last time it looked like this was 2015 for a bull cross. It technically didn't cross bearish in 2015. I just want to highlight, though, Josh. We are both getting rejected by that right now, if you look at this weekly. Yeah, but that's okay. It's September. It's key three. I don't care. But yes. They're just winding around in there. They're meandering. It's not good. Also, one other comment. Yeah. Gotta work on this hashtag. 250k or bust. Gotta work on that. Well, that's the target. We need some ideas. That's the 8000 % target from here is 250k. That's where that came from. Yeah, we gotta do better. 250 by 25 is too much of a mouthful. I feel like the phrase millie needs to be in there. Millie? Quarter millie? Quarter millie. Maybe just full millie. Look, I've been on the record. 250k is the target for the next run. Okay. Even before this tweet, the stars are aligning. Yeah. People are saying what's happened to me. I'm using a different camera. I'm in a different place. And I got a haircut today. And everyone says you look old. I look weird and old. I am old. Here, I was I was puffing you up early. You're telling me I look good. And I was telling you how old I felt. And now the whole chat's like, hey, you look old. You look terrible. I think you look fine. But you know, maybe it's the rates, you know, the rates are just killing everybody. It is the rates. I'm gonna go ahead and go out on a limb and say that I'm affected by that. Sure. So yeah, if we look at if we look at Bitcoin, also, We've also got if you don't like the head and shoulders, at the very least, you have to admit there's some sort of double top there. Yeah, double top, lower, lower low by a smidge. Rejected by the fast and long moving averages potentially. There's a there's reason to be concerned here. If we're above 28, at any point Q4, I think we're good for move higher, which doesn't like logically make sense based on what's going on in the world with rates and everything. So if this then that if we get above 28, we're good. Until then, I expect lower lows, ETH especially. What's going on with ETH, man? You're the ETH fanboy, the ETH cheerleader. What's happening? It's even better than BTC in terms of rejection off the 200. That's clean. It's nice and clean. That's a dump it. Let me translate that for everybody. That means it's even more bearish. I think this tells some of the story like there's not many people in the ecosystem that don't consider pair trades, you know, like opportunity cost or a risk profile of being in one thing versus the other. And a lot of people are dancing on like long tail of altcoins. Like they'll play on those playgrounds. But the people that are in big assets are looking at this where ETH BTC is breaking down further. It looks like it might be escalating. It looks like it might be going from breakdown to a steady progression to the downside. And I don't know, maybe that also looks double toppy to me. Yeah, but maybe another 10 -15 % on ETH is on that relative to BTC and people just don't see the upside as worthwhile. I get it. I understand. I like 05. And if 05 doesn't survive around the ETF stuff, assuming the ETF stuff is going to be bullish, I like 03. I think a 200 week tap at a minimum would make sense. So, you know, you're looking at another 10 % relative in that scenario. And that would probably be a bullish bottom. Bullish, she says. A bullish bottom if it maintains that. I'm sure, I don't know harmonics well enough to just like eyeball it, but I'm sure there's some sort of harmonic. Batwing harmonic, yeah. Yeah, there's something there where you could draw like a crab or something. If this one's a 0 .03, that would be concerning. Well, what's the breakout level of the head and shoulders? Like 0 .035, 0 .036? Yeah, I think that's reasonable. I think that would put ETH people, myself included, just in Jordan tier mode. Look, if ETH doesn't get an ETF and Bitcoin does and it actually sees flows. It could happen. It could happen. That's all I'm saying. That's all I'm saying. Hit your targets, Josh. 0 .053 before 0 .035. That's true. I mean, we need to spot ETF first, which... That's just math, just so you know. And dyslexia. It's just kind of interesting that it has not made a higher high since going proof of stake. Kind of weird, right? The Real Dangles asks, can we do a mini series on learning macro fundamentals? I've only ever looked at crypto, so half of what you guys talk about is foreign to me. No, but there's some people that you can learn from. One of the best, in my opinion, and I was... Jeebus was giving me crap about this, but Ray Dalio is, I think, the greatest macro mind that actually takes their information and then shares it. Big Debt Crises is a book. It's a study of cycles, basically. It's a study of deflationary, inflationary cycles, and they're very good. I would read that. That's a great start. Like, that'll be good. That could teach you more than I ever could. There's many, many other things, in addition to what he talked about, that go into what he talks about. But at the end of the day, it's all about cycles. And that's a terrific book. I would listen to a bunch of podcasts on macro stuff. Blockworks does a billion of them. Yeah, but don't worry. If you listen to those, you'll end up a bear. So you gotta know that going in so that you don't end up a bear. I don't care if you're bullish or bearish, but being able to form your own opinion, that's the end goal. But people that do nothing but talk macro are all bears. They're all dirty bears, Josh. I agree with you. They're doomer macro people. But just knowing the language and knowing what people are looking at definitely helps you understand what the hell is going on. If you listen to them, just know that you need to protect your beautiful, bullish beauty. Don't take their advice, air quotes here. Don't take their advice. Your beautiful, bullish innocence needs to be protected when you listen to the doomer bears. You'll learn all about the SPR and why it's the end of the world. What is it about macro that makes people perma bears? I don't know. I think all this cyclical stuff, the raining down of potential for bad makes you think it's imminent. Yeah, they're very pro -commodity, pro -being anti -market. That's their whole personality and identity. Now I'm thinking of Sven specifically, for those of you who know who that is. But the macro people will be wrong for years and years and years. And then we'll finally get a down move. And they'll be like, yes, I told you so. Now I've lost all my money and the market 10xed at that time. But I told you so. We would get a correction. But I like that about them. The macro people also generally don't like Bitcoin. Some of them do, certainly. But most of them don't. So that tells me we still got time. It's still early. There are very few Lynn Alden's of the world where I simultaneously massively respect their macro analysis. And they don't discount crypto. She does discount everything but Bitcoin. But I'll forgive her for that. Because she's already really good at two things. That most people can't combine their goodness of that. Yeah, she's great. That's another easy listen as far as trying to pick up. She just wrote a book about money, too. I'm sure it's got some good macro stuff in there. There you go. So we'll stop that. Rate's up. Murray, I don't know what we're saying is like Michael Murray. But if he's a doomer bear, then yes. Yeah, this is a doomer bear that he was right at the right time on the right cycle as the media fell in love with such characters. So that carries a lot of weight. Like he can now be wrong for the rest of his life, but he was still right in 2008. But I respect people that have these opinions. I just think it's a lot easier to make money if you're a bull over the long period of time. I agree. Tripsy says he thinks the TA makes a better bear case than macro. I agree. I pay attention to the macro because it's kind of interesting. And having the ability to discuss it is powerful. But if all I do is pay attention to the TA, then I'd be fine. If you see the macro and you make this great bear case and then you see the chart and the chart looks like it wants to explode to the upside, don't make the trade. Not financial advice, but don't sell everything in that scenario. I wouldn't. But if the chart looks like doo -doo and the macro looks like doo -doo, then maybe it's just doo -doo. Well, knowing yields and rates helps you understand the DeFi angle a little bit. Knowing risk premium helps you understand like if I'm not getting paid an insane amount in DeFi right now, it's just not worth participating. You know? Yeah. Assuming a risk -free rate in U .S. government bonds, treasuries, whatever, you're not getting paid that differential in DeFi. Typically, you are seeking yield growth balance, right? There's some combination or you're looking for either or, but there's a balance of yield and growth. If your available yield today is high, so let's say you can earn 5 % in a money market or something like that, then two years ago, you could only earn 1%. Then your need for growth is even higher to make up for your annualized compounding year -on -year returns because when you're seeking growth, you're compounding that growth to make up for the lack of yield. So when the yield is higher, you need even more growth so people get less interested in the growth because the growth needs to be so severe to replace easy yield that's available today. So that's why risk assets that focus on growth look less attractive when yield is high. That's a general concept that can be useful. I always like to think about the extremes. So they used to say, Tina, there is nothing else when you're talking about allocating capital. So if there was no yield before, you get all this crazy VC shit and altcoins and NFTs. Because it's growth at all costs. Because that's it. That's the whole game, right? Now that there's a balance, it'd be much harder to create something like FTX in this environment where you can get a yield, you know? Yeah, there is demand for return on those dollars that's not just growth, that's not just bring it back to me more valuable. Did you hear that NFT story? The NFTs are 95 % worthless thing? Yeah. Yeah, there's some really good replies from NFT people that I thought were worthy. I've retweeted one of them. I don't remember who it was. I think it was the punk person that works, that does the streams all the time. Pink haired punk. You know, most of them always have been worthless is what they mentioned. And I think that they're doing a classic throw the baby out with the bathwater thing. Like the speculation on JPEGs was always going to pop. The underlying technology does have inherent value, it's just who's going to win from that. Like, will all the current market participants, collections, companies, whatever, will they all go away and then somebody will rise from the ashes and win the technology emergence where game the underlying technology can be taken advantage of to create real business value? I think that's what will happen, but which of us will be there to survive it? And then some stuff will get Lindy effects of art, digital art. There was product market fit, there is product market fit for that. But like, you can't just mint 10 ,000 pineapples and expect to make millions of dollars now when there's nothing else. If your denominator is infinity, then yeah, 95 % are useless.
A highlight from Europe's Anti-Bitcoin Bill Reveals Plan to Stop Adoption | EP 829
"It's all going to zero against bitcoin it's going up for ever more you're against bitcoin you're against freedom yo welcome to simp with bitcoin live we're the number one source for the peaceful bitcoin revolution we will be your guide through the separation of money and state speaking of the separation of money and state interesting news coming out of Europe kind of not as bad as the proposed bill by Elizabeth Warren that we covered on one of simply bitcoins simply bitcoin lives episode this week but it's something very similar right this idea that every single transaction needs to be KY seed right and then I think that will inevitably lead to the any host unhosted wallet needs to be KY seed all right the the wording specifically in the Elizabeth Warren bill included any minor any validator any software wallet so you know it's just of course the powers that be that tremendously benefit from having a monopoly on the creation of money having controls on money of course to benefit themselves of course they're not going to be okay with this and this was the theory that was originally you know put out back in the 90s in the book the sovereign individual I'm going to read you guys a passage from that book because I think it correctly predicted exactly the reactions from governments I don't think governments have been able to they're not used to this environment where they have competition and most importantly not only do they have competition but they can't shut down the competition right because we remember we saw Facebook try to launch their own you know digital currency and they got shut down real quick the thing with Bitcoin right and Bitcoin only right because aetherium is inherently centralized meaning it will inevitably be co -opted so they have no choice but to ally with the state and they were in order to survive but with Bitcoin can't be stopped and because it can't be stopped it creates a forcing function in the long term as more and more individuals choose to opt out of inflationary money into deflationary money so yes of course times are changing but it's not only on the money front right we're not only living through the disintermediation of money but we're also living through the disintermediation of information and yesterday was a historic day I've never seen this in my life the UK Parliament sent Russell Brand an extremely popular independent content creator a letter to rumble we love rumble by the way we're on there subscribe to us on there and shout out to our rumble audience as well it's been growing by the day so we appreciate you all they sent a letter to rumble asking rumble to demonetize Russell Brand like YouTube did so we have governments that are directly asking platforms to demonetize content creators of which they don't did they don't agree with that is absolutely absurd and these are the same governments that want you to trust them with central bank digital currencies if they had central bank digital currencies in place they wouldn't even have to ask the platforms they could just flick the switch themselves so when we say Bitcoin or slavery or how beauty on said it and I'm starting to lean this way to Bitcoin or death we are not exaggerating and you have to choose what world do you want to live in in the future and most importantly what world do you want the future generations your children your children's children to live in so it's gonna be a great episode I'm really looking forward to it you have to stay on top of what's going on anyways we also we also have a very special treat for you guys we have the head of customer experience from foundation devices the maker of the passport hardware wallet and he's gonna do a live demo for us during the culture cement segment so I'm really really pumped about that let me bring up let me bring him up on stage Bitcoin Q &A you're quite well known on Bitcoin Twitter as well how you doing buddy yeah doing very well thank you very much for having me I'm psyched to shoot the shit with you guys this evening well even in my time but yeah certainly some interesting goings on especially around the Russell brand thing so I'm sure we'll be able to share some insights on that one but not a good look yeah I completely agree man it's it's some some interesting times we are living through people some people call it the fourth turning I don't know man but the phrase that sticks with me the most is weak men create hard times hard times create strong men strong strong men create good times we're definitely going through this era and then I think it was actually Vladimir Lenin that said the very very famous quote right where there are decades that nothing happened and then there are weeks that decades happen I think we're definitely living through this moment of time anyways no more delay let's bring up my legendary co -host not optimistic today no smile oh there's this smile sorry I was caught reading the channels optimistic fields how you doing bro well I am doing wonderful and I'm actually really excited for this culture segment today guys I got a sneak peek of the demo that we're going to see and I think there's gonna be awesome this might be a simply Bitcoin first for the live show but to the news stories and stuff it really just goes to show that if you speak the truth you are the enemy of the state and I think more and more and more people are waking up to this because they either continue to de -platform you from your banks or de -platform you from social media for saying what they don't want to be said you know for saying the quiet part out loud and you know this is why we do our show in a very particular way so that we can survive on YouTube but man it really just goes to show that the powers that be are completely terrified of people talking about the truth hence why you guys need to talk about it more and continue to spread that signal but it just goes to show that this is the the last I don't know the last gasp of the great Leviathan you know what's them saying like darker before the dawn like this is their last grasping at straws to control the truth and and I mean I've been saying for a while I think the monopoly on truth is slowly and dwindling they're going to try to make examples of this so you know just be prepared we know what's coming so protect yourselves protect your family and continue to spread the Bitcoin truth the Bitcoin signal actually just truth with a capital T I suppose anyways Niko let's let's get into this one let's get into this one let's get into the show man I'm really really excited alright guys let's get to the numbers we have a lot to talk about today and I'm super is your Bitcoin in cold storage really secure is your seed phrase really secure stamp seeds do -it -yourself kit has everything you need to hammer your seed words into commercial grade titanium plates instead of just writing them on paper don't store your generational wealth on paper papers prone to water damage fire damage you want to put your generational wealth on one of the strongest metals on planet earth titanium your words are actually stamped into this metal plate with this hammer and these letter stamps and once your words are in they aren't going anywhere no risk of the plate breaking apart and pieces falling everywhere titanium stamped seeds will survive nearly triple the heat produced by a house fire they're also crush proof waterproof non -corrosive and time proof all things that paper is not allowing you to huddle your Bitcoin with peace of mind for the long haul stamp your seed on stamp seed alright guys I literally made it super easy for you guys you can scan the QR code on your screen it will take you directly to stamp seed website you can get you could store your generational wealth on titanium so you don't have to explain to your children why you lost your Bitcoin because you stored it on paper you can use promo code simply get 15 % off anything on the stamp seed website at the time of recording the Bitcoin price is twenty six thousand five hundred and seventy sats per dollar three thousand seven hundred sixty four block height eight hundred eight thousand seven hundred twenty nine blocks to having thirty one thousand two hundred seventy one having estimate April 21st 2024 total lightning network capacity four thousand eight hundred fifty five Bitcoin capacity value one hundred twenty nine million US dollars realized monetary inflation one point seven five percent the market capitalization of Bitcoin currently sitting at five hundred and seventeen billion dollars Bitcoin versus gold market cap four point zero one percent in the grand scheme of things Bitcoin is still a baby if Bitcoin reaches not if when Bitcoin reaches the gold market cap that is five hundred thousand dollars per coin and I think that's just getting started anyways we played you guys a video yesterday of a member of the United Nations talking about how we are in an information war we played you guys the video and she was basically recommending that that that they no longer have people to call on on Twitter to censor information she was also saying how there's an army of people that are propagating United Nations approved information well you know she's she's talking about as if the information that's coming out of the United Nations is a matter of fact right she's talking about the problem of disinformation disinformation well my question to you guys is who gets to decide what is disinformation and what is information right well we advocate for on simply Bitcoin is individuals not central planners not governments using their own critical thinking abilities right to dictate okay this is a good idea this is a bad idea right this is how the American this how the American Constitution it's literally written like that that there's a reason that the First Amendment is the way it is right the government or Congress should make no law you know basically censoring or stopping the freedom of the speech of people right and they made it that way for a reason because if there is a central authority if there's a government that gets to dictate what information is true what information is not true history has shown that they'll use that power to protect their own political mode right so thank God for the internet thank God for technologies like Bitcoin thank God for technologies like Noster for example they can't do this anymore and because they're not able to do that they're freaking out number one and number two and number two it becomes a forcing function over a long period of time but that doesn't stop them from trying here is the former New Zealand Prime Minister at the United Nations saying that that words are weapons of war right weapons of war if so if you say something against the government that all of a sudden becomes a weapon of war and again this has escalated it is escalated to the point where the UK Parliament has asked rumble to demonetize Russell Brand who's a very popular content creator who goes against the legacy corporate media's narratives right and it kind of embarrasses them so what are they doing they're attacking his money they're saying rumble okay they can't they've tried to deplatform people before they've gotten a lot of pushback so what they do instead is that they attack his pocketbook obviously YouTube complied they demonetize Russell Brand's content but rumble said no we're not doing that so love that of rumble we're on rumble we support rumble that's awesome but another thing that I want to say is that the allegations against rubble Russell Brand are just that they are allegations they have not been proven so something that has not been proven is a justification to shut off someone's living that is insane anyways let's check out this letter and this is a letter by part by the UK Parliament the specifically the cultural culture media and sport committee to the CEO of rumble Chris Palavoski who says dear Chris I'm writing concerning the serious allegations regarding Russell Brand in the context of of his being a content provider on rumble for more than 1 .4 million followers the cultural the culture media and sports committee is raising questions with the broadcasters and production companies who previously employed mr. brand to examine both the culture of the industry in the past and whether that culture still prevails today however we are also looking at his use of social media including on rumble where he issued his preemptive response to the accusations made against him by the Sunday Times and Channel 4 his dispatches while we recognize that rumble is not the creator of the content published published by mr. brand we are concerned that he may be able to profit from his content on the platform did you hear what they said the government is concerned that Russell Brand might be able to profit from his content because there was some allegations made against him conveniently a lot of Russell Brand's content is criticisms of the government so I mean big coincidence I guess you would you could say we would be grateful if you could confirm whether mr. brand is able to monetize his content including his videos relating to the serious accusations against him is so we would like to know whether rumble intends to join ryu tube in suspending mr. brand's ability to earn money on the platform we would also like to know what rumble is doing to ensure that creators are not able to use the platform to undermine to undermine the welfare of victims of inappropriate and potential potentially illegal behavior so they asked rumble to demonetize a content creator an independent content creator that's the key word when we had Parker Lewis on the show and I was talking about the legacy corporate media he didn't say no Nico it's not the legacy corporate media it's the legacy government media so anyways why is this happening I think Jeff Booth said this perfectly we read this to you guys the other day and this all boils down to the money this is why we say as Bitcoiners fix the money fix the world here's Jeff Booth he says because broken money Elon Musk said how did most of the legacy media go from superheroes of free speech to supervillains of speech suppression and Jeff Booth says because broken money ensures the centralization of power by stealing the productivity through inflation that should flow to society in the form of lower prices then those enriched by that theft and subsequent power must control the messaging to keep it but it all it wasn't only Jeff Booth that said this here's an article from our friends over at Bitcoin magazine of nine Bukele the president of the country shining on the hill the Savior El Salvador the first country that made Bitcoin legal tender the beachhead for the Bitcoin movement around the world he goes on to say the most vocal detractors the ones who are afraid and pressuring us to reverse our decision are the world's most powerful elites and the people who work or benefit from them they used to own everything and in a way they still do the media the banks the NGOs international organizations and almost all the governments and corporations in the world and with that of course they own the armies the loans the money supply the credit ratings the narrative the propaganda the factories of food supply they control international trade and international law but their most powerful weapon is their control of the truth and they're willing to fight lie smear destroy confiscate print and do whatever it takes to maintain and increase their control over the truth and everything and everyone I think come from Nico or simply Bitcoin that came from the president of El Salvador name Bukele so what is happening here two things are happening here thing number one the internet has empowered individuals and those individuals can now use the internet to uh to grow these massive platforms themselves and because they're individuals they're a lot harder to co -opt and at the same time we are witnessing the distance remediation of money that internet has allowed Bitcoin and Bitcoin has empowered individuals to choose their own money too so government states NGOs international institutions right that have had this privilege of having not only having the monopoly in the control over money but also the monopoly in the control over information it's quickly diminishing in front of their eyes and of course that system is fighting back they can't take that they've been used to operating in a system where they've been able to control the narrative they've been able to control the truth and that is slipping through their fingers and they don't know what to do and that's why they're short -circuiting the way they are that's why we've gotten to a point where the UK Parliament is literally asking a platform to D monetize an independent content creator not to mention all the stuff that was revealed during the Twitter files where it was exposed that the US government even though that is explicitly against the US Constitution the government should not be censoring speech was asking Twitter to D platform D boost and censor certain speech and these are the same governments that also want you to trust them with central bank digital currencies and they expect you to believe that they're not going to use central bank digital currencies as a weapon as a forcing function in order to control your actions as a individual and this was all predicted I might add in the book the sovereign individual which we'll get to during the new segment but this is some crazy times now what can you do to protect yourself in this particular situation do your own research pick what information sources you choose you you want to choose I love Twitter because it's like a news aggregator and the the news that you know pops up pops up Noster is a great platform rumbles a great platform YouTube is is good to do your own research don't rely on a single information source and then most importantly the most empowering thing you could do is to opt out of state money opt into Bitcoin I think that's the most powerful thing you could do look the most important the most important vote you can make that voting for a Democrat or Republican it's not to say that it's not important to vote but the most powerful vote that you can do that will actually change things is voting with your wallet opt out and the way that you do that is you buy Bitcoin earn Bitcoin mine Bitcoin and take that said Bitcoin into self custody the moment you do that you're part of the peaceful Bitcoin revolution whether you are aware of it or not and that is how we win if enough people take self custody we win and there's nothing they could do about it speaking of self custody we have the head of customer experience with us today Bitcoin QA and you guys make it super fucking easy to take self custody with the hardware wallet that you guys make and not to mention the awesome application that you guys make so Bitcoin QA what's your take on this whole Russell brand stuff I can't believe we've reached this point if I would have been told this five five six years ago I would have said that's impossible there's no way that's that that's so ridiculous what's your take on all this yeah before I enter you I've just got to say that was one hell of a fucking monologue I take my half to you that was fantastic yeah kudos and yeah the whole Russell brand thing man just completely shocking another example yet another example of government overreach Russell brands been a thorn in the side of the UK government if you can't tell by the action by the way to anybody's listening that I'm from the UK and he's been a thorn in their side for years and he's a very well educated man he's very well spoken and he has drawn a lot of following by speaking out against money printing against government policy he was rabid about the whole covert thing pharmaceuticals getting rich because of you know yeah you know all of the corruption that went on over those couple of years and I see this recent letter as that them seeing the opportunity as they're into trying you know get one back on him you've touched on earlier that the fact that all of these are just allegations at the moment and the fact that they're going around trying to take money off him from you know he's not been convicted of anything at all that's not see won't be but right now they're just allegations and they're trying to take his money off him it's just completely shocking and they're just trying to lash out because he's been a pain in their ass royally for years so yeah I mean they're just they're just overreaching and leveraging their powers wherever they can just to kind of deep platform and then hurt his wallet as well unfortunately yeah 100 % they attack his money they attack and again like they attack his money and they're also like hey guys these CBDCs like we'll respect your privacy you could trust us what are you talking about anyways Opti what's your take well I actually I kind of want to ask Q &A question because there is some talk about this in the chat what's your thoughts on Russell Brand being like controlled demolition Q &A whoo how do you mean like basically that this is like an orchestrated attack you know once everyone's talking about this maybe Russell Brand isn't necessarily as much of a truth speaker as people are making him out to be like does he actually believe what he's saying or is this just kind of one of those things where you know you create a figure and then you kind of tear him down to discredit the whole movement in general the whole truth movement yeah possibly I think I think most of what he says is genuine he before he started doing all of the YouTube stuff like he was he was a you know some form of a celebrity he had a big following and could have monetized himself as a product in many many other ways by coming out and being as outspoken as he has against the the prickly topics of like money printing and you know COVID etc he must have known you know he's smart enough to know that would have been incredibly divisive to people that followed him so I lean towards the fact that he's genuine and the fact that they're probably gonna try and use him as a scapegoat to warn ward off other people that kind of speak out against any government policy etc etc yeah I'd agree I mean like especially considering what his status was it's hard to follow the incentives and be like yeah he's got a lot to gain from this when in reality he's on the verge of losing everything so I'd agree with you and then just kind of going back to the beginning of this rant and and people are saying epic daily Nico Jones rant today so good job Nico I like when Nico gets get animated remember growing up guys when I grew up I had a saying and I'm sure your mother told it to you as well and we all probably said it in kindergarten you know sticks and stones but words may never hurt me and now we grow up in a world where words are violence like what is going on guys and that's a convenient it's a convenient way I know Nico I was getting there I'm asking rhetorical questions on the show now okay I'm learning some Nico Jones tactics but as we know guys as we know guys you know if you can stop words from being said then you can stop thought and if you can stop thought then you can ultimately stop behavior and this is where they're going they want to ensure that you guys sell censors so that you guys don't lose everything and this is where we are guys that they are absolutely afraid of people speaking the truth they're absolutely afraid of the average person waking up and exposing all of their lives because that's all they have they have lies and favors and they have the monopoly on truth as we think now is more important than ever to speak your minds to make sure you're having these conversations to as the saying goes you know speak truth to power and all that good stuff because there's been a constant theme throughout 2023 or actually rather since 2020 basically is that if your voice is too big and you talk against the establishment then the powers that be will do anything they can to put you back in line and whether that means you know breaking your reputation taking all your money dragging you through the court of public opinion we know what their tactics are and if you're following along closely then you know what the playbook is and it's almost like they're doing the same thing over and over and over again but I think the silver lining of this is that it seems like their playbook isn't working as well as it used to which in some sense should be absolutely terrifying because then they're going to go to even more extremes and you know I'm not gonna say what everyone's thinking but it's gonna get crazy guys and so I think it's just becoming very very clear that as an individual just even a normal person that doesn't have a platform like you want to do whatever you can in your power to protect yourself and hence why we always say that it always boils down to the money guys so protect your money protect your livelihood by taking your Bitcoin into self -custody by saving in Bitcoin and because remember guys this is always about theft they want to take your wealth and put you back in your place and then distribute it and make everyone feel good and we're seeing this happen in real time and it isn't lost on me that this is done via a letter you know it's just like hey how nefarious can a letter be but if you're reading in between the lines then you know how nefarious this letter actually is and that this is a coordinated attack on someone that's talking against the establishment and if people like Russell Brand you know say what you want about him but if people like him can't speak about the truth and they also get run through the grinder like imagine what would happen to an average individual like there's no hope for us if people of that stature can't talk about what's actually going on in the world and hence why it's so important to continue to double down on independent content creation spreading the truth talking about all this stuff because this is all we have we have the truth on our side and as the saying goes you know the truth will set us free so just just don't be afraid you know be brave but also be smart out there and the best thing you can do is just protect yourself and protect your money protect your family and I think as more people do this then the world will slowly but surely start to fix itself anyways you know amen we'll see what happens amen preach brother all right everybody let's get to the news we got a lot to talk about today let's check it out no no no no no no before we do that before we do that I have to give a shout out to our awesome sponsor Bitcoin 2024 it's gonna be the largest Bitcoin conference on planet earth it's gonna be in Nashville Tennessee it's not gonna be in Miami this year July 25th through the 27th 2024 you definitely want to get your tickets quickly before the prices go up for a GA it's 349 for an industry pass it's 849 for a whale pass it's four thousand seven hundred forty nine Opti and I are gonna be there it's gonna be awesome check out Bitcoin 2024 in Nashville Tennessee the year of the having Opti and I are gonna be there some other simply Bitcoin members are gonna be there it's gonna be awesome use promo code simply to get a 10 % discount on the already discounted tickets to Bitcoin 2024 all right now let's hit the news the daily news I want to give a shout out to our sponsor foundation devices it's self -custody done right they built a premium grade hardware wallet called passport right here in the u .s.
A highlight from Growing Unease: Current Administrations Approach to Security and Travel with David Bellavia
"What do you think they're doing with cash, right? What deal do you make where someone says, I'll bring a box of money to you? Yeah. What do you, it's, this is a state sponsor of terrorism. Ladies and gentlemen, distinguished guests and my fellow citizens. America's comeback now. starts right Welcome back Financial Guys podcast. Mike Speraza in studio live today with a guest in the studio. I haven't had this in a long time. Staff Sergeant medal of honor recipient David Bellavia joining me for about a half hour today. David, thank you for joining us. Thank you for having me. I appreciate it. Absolutely. So I'm going to stick based on your background. I'm going to stick with a lot of military stuff today and I want to start, we'll go all the way back to the beginning of the Joe Biden presidency. The Afghanistan withdrawal, in my opinion, did not go very smoothly. I'm sure many people listening agree. What were your overall thoughts of that withdrawal and how it actually ended up happening? I know we lost, you know, sadly lost 13 soldiers in that, in that withdrawal. People say we went off the wrong air base. People say that we shouldn't have gone out in the middle of the summer. There was a lot of different things there. What were your overall thoughts on that? I think it's like the worst day in American history since Market Garden. Just absolutely. And the reason why it was so difficult was it was totally unnecessary. So let's rewind to the Obama trade, Bull Bergdahl and the three first round draft picks. They get Marshall, they get MacArthur and they get Patton that end up the resurgence of the Taliban. These men not just go back to the enemy, they go back to the battlefield. They're in power when the government falls. You have misinformation coming from the White House that the president of Afghanistan is leaving with billions of dollars on his plane, which wasn't true. And then you leave the equipment, the cash. There's no recovery. We're getting reports of sales of American equipment left in Afghanistan in Southeast Asia. We're moving material across the globe. Our children will fight and pay and have to atone for these miscalculations. Let's talk about that. You being in the military and you knowing that area too, why did they just find it the easiest way out to just say, you know, just leave that billion dollar billions of dollars of equipment there and not think, again, if it was me and I'm speaking that someone that's never been in the military, but if it's me and I'm the president, I'm thinking, OK, I don't want to leave all our weaponry there. I don't want to lose any of my men. Number two. And number three, I want to make sure that everybody knows when and how we're getting out of there. And it just felt like poof. One day they said we're getting out of here. Well, it's because the military didn't make any of those decisions. I mean, look, Millie, it can criticize him. You can criticize Secretary of Defense worthy of criticism. However, none of these individuals are making decisions. This is about NGOs on the ground. This is about the State Department. So you've got Bagram Air Base, the equivalent of JFK. You've got Karzai International Airport, the equivalent of Teterboro. Right. Why would you ever do an exfil out of Karzai International Airport? It makes absolutely no sense. It's tactically unsound. But and then you've got all the ISIS -K. We retaliate from the murder of 13 of our bravest and we drop a bomb on a guy delivering water. He's on our payroll and we kill children on that. Then we take out Borat on a tuk tuk driving around like that wasn't even really what was happening. It's just a den of lies. And Tony Blinken and Jake Sullivan, all the heroes that brought us, you know, the Bergdahl deal, the Iran nuke deal. This is these. They the State Department is running all foreign policy, including what the DOD used to run. Well, that's I was going to say. I mean, I know Biden's the president, but do you blame him at all or is it everybody underneath him that, you know, maybe was giving him bad information? And again, some of these decisions, David, is Biden even involved in some of these decisions? Like, I don't even know anymore. Is he around? Is he paying attention to anything going on? Well, I mean, just from the press conferences, it was apparent he didn't know what was going on. And the great irony is that they actually were predicting that Ukraine was going to be invaded and, you know, no one believed them. So it's like you can't influence your friends. The allies don't trust you. The enemy doesn't respect you. You know, I mean, you've got Ben Rhodes is really proud of this State Department. Susan Rice loves what they're doing. But, you know, again, Americans died. And, you know, and what is the perfect culmination of the adventure in Afghanistan? Looking at your watch at Dover Air Base when bodies are coming home. I mean, nothing could you couldn't ask for a just it's it's a debacle. Yeah. And it's sad that that's that's the leader of our country there. Let's move in. You brought up the Ukraine there. So the Russia Ukraine conflict will get to Zelensky in a minute. He is as we speak in New York City right now. But so Trump's in office. We don't see many of these conflicts or any conflicts actually started under his watch. And then we have the Biden administration come in. And a year later, we have Russia invading Ukraine. Why did this happen and why? Why the timing of February of 2022? So let's go back to when we were fighting ISIS. Trump engaged and destroyed estimated some say 300 members of Wagner forces. But those were Russian nationals. We engaged. We destroyed them. What was the response from Putin? Nothing at all. So what do people in that section of the world, Eastern Europe, the Middle East, what do they respect? They respect power. They respect authority. You're not going to get any respect if you don't engage the enemy when they present themselves. I don't understand the calculus of again, I'm trying hard to figure it out. I don't get it. I don't. You know, Romania and Hungary and Poland, you're letting them unilaterally decide whether or not they want to send reinforcements into Ukraine. That's an act of war. If NATO members engage the enemy, all of NATO is engaged against the enemy. Poland doesn't unilaterally make that decision. Hungary and Romania don't unilaterally make that decision. We can't even articulate what the mission is. And if you look, go to the Institute for the Study of War, there's a plug for them. Check out their overlay from when the battle started, when the war started with Russia. And tell me what success this offensive in Ukraine has produced. I mean, let me ask this question, because I get confused. The answer is nothing. I asked this on Twitter, X, whatever it's called, all the time. What is the end game and how do we get there? Because all I see the answer is, hey, just blank checks. Hey, just write a check. Hey, here's a billion. Hey, here's 20 billion. Hey, here's another 10 billion. I don't actually see a look. I mean, like anything, right? If I write a business plan of what I want to do in 2024, my goal is X. I write down my steps to get X. I don't just write down X and say it's going to happen. I don't really know. And then the answer always is, well, we have to fight. We have to back Ukraine. Okay. But when does that end? Because the Afghanistan war and the war in Iraq lasted 20 years plus, right? And was there a real end to it? I don't know. That's where it gets frustrating for me, Dave, where I'm like, how do we know what the end game is? Do you win or lose? When does that happen? I don't know. I don't know. At least you're thinking about it. And I have fear that our leaders aren't, and that's the problem. So here's what this comes out. You're going to get a negotiated settlement out of Ukraine, right? But you talked about the billions of dollars that we're spending and giving to Ukraine as a blank check. First of all, Zelensky visited Ukrainian soldiers in the United States. Did you know that there were wounded Ukrainian soldiers in the United States? I did not know that. Well, today he visited them. So what's happening there? So that's a cost that no one is putting on the ledger. So now let's look at the blank check that Ukraine is getting. And by the way, I'm pro Ukraine. I want to fight communists all day and night. So let's punch Putin hard in the face. However, you're giving them a blank check and you're giving them munitions. Now here's the problem. We have to replace those munitions. Those munitions were purchased for 20 year global war and terror. And let's be honest, inflation is involved. So what you purchased for $10 is now $17. So you're not just giving them the money. You're giving them the equipment and the munitions that you have to replace yourself at the value of what is valued today. We haven't scratched the surface for the amount of money. CBO absent at the wheel. No one is tracking this. 2024 can't get here fast enough. How does this work, though, when you talk about some of these NATO nations coming together and making decisions, but us not just giving weaponry, giving everything money, whatever we're giving there? Is that not an act of war, too, though, David, at some point? We're continuing to fund Ukraine continuing the war in Ukraine. I mean, that to me seems like we're backing a war. Well, I mean, by the letter of the law and NATO charter, it's not. But here's the problem. It's schizophrenic because we were told that what was an offensive weapon was going to mitigate, you know, that wasn't going to help peace at all. So we went from, I don't know if they should get tracked vehicles to I'm not sure an artillery piece is what they need to high Mars rockets being launched. And let's be honest. I mean, the Ukrainians are I mean, the payload that they're going through, what you would have to have cataclysmic casualty numbers to be able to to the spandex that they're doing on the ground that they need to replace Patriot. If you're going through thirty five Patriot to, you know, missiles, I would expect to at least the C 20 makes that are shot down. They're using them for air artillery. They're using there for indirect fire. I don't know what they're doing, but this is going to end with Don Boss going to Russia. This is going to end with that land chain that Putin wanted through Crimea. And again, our friends in NATO, what are they even doing for Ukraine? What? Look, if you they said that Trump wanted to kill NATO, Biden did it. Right. Biden did it. And now Germany. And so Putin was selling oil at thirty dollars a barrel. What's it at ninety six? Yeah. He's making more money than he did before. And he's financing a war and killing innocent people. You mentioned before, too, and I think this is a good point. Everybody on the left and I'll say the media, the establishment, whoever you want to say, says that if you don't agree with the war in Ukraine, you're like pro Putin. Right. And that's just the most outrageous thing in the world, because I agree with you. I feel for the people of Ukraine. I don't want this for them. I don't want this for innocent people. However, at some point, the world's every every one of the world's problems can't be America's problem when we have a border crisis. And then I think they said yesterday ten thousand people came across. They got, I think, eight thousand of the ten thousand. But you see the numbers day over day. It's a problem. We have crime that's rampant. We have overdoses that are at record numbers. We have we have suicides at record numbers. At some point, we have to maybe just think about ourselves and not everybody else, because if we fall, sadly, I think the world falls at that point. Amen. The thing that I would add is I love the way the Ukraine refugee has been crowbarred into the migrant crisis in the United States. New York leaders from the city to all over Kathy Hochul, the governor of the state of New York, mentioning that, you know, like the Ukrainians in Poland, the the Polish have no intention to keep Ukrainians forever. That's a temporary you know, they're leaving a conflict to return to their country after the conflict is over. Again, this is just we're we're putting a round peg into a square hole and just hammering it away. But but there's no the media. There's you're our destroying military. I go to parents all the time around this country and ask them to give us their sons and daughters to join the military. And the one thing they bring up is Afghanistan. It's not about anything. It's Afghanistan. How are you going to assure us that you're going to maintain your commitment to our son and daughter when you betrayed us in Afghanistan that has lasting effects? And there's not a I'm trying to find a segment of our of our of our nation that's functioning. I don't know what it is. I saw in Chicago, they're going to have municipally owned grocery stores. Maybe that will figure it out there. Yeah, yeah, it's good. Real quick, do you think and we'll finish up on this topic, but do you think that they will we will ever have boots in the ground on Ukraine? I mean, I hope not, because I just don't know what the I mean, look at I'm I'm we're getting ready for China. We're trying to revolutionize everything. I don't know what the what the plan is. I mean, again, if you want to put a base in Ukraine, and you want to make that a sustainment operation going forward, that I here's the point. I don't understand what the inactive ready reserve call up was for. Why are you bringing those troops in the non combat support? Why are they going to Ukraine? What are you building infrastructure there? Here's what I do know. We're talking a minimum of $11 trillion to build Ukraine back. That is cataclysmic amounts of money. There isn't water, electricity, internet, you know, you want to help Ukraine. You're going to Russia is not paying for that if you negotiate a settlement. So I don't know what the plan is. But I hope we never see boots on the ground. I could guess what the plan is. I won't I won't say for sure. But I could guess that we'll be paying a chunk of that. And I do have one last one. So I did interview Colonel Douglas McGregor a few months back. And he talked about he's a real optimist. But he is really very, very bullish on Ukraine. Yes, very, very optimistic. I'm dropping some all over the place. But he brought up some staggering numbers, though. And even if they're half true, it's a problem. The amount of casualties and wounded soldiers on the Ukrainian side that we're not hearing about the media. I don't know if you agree with some of those numbers or not. But he's saying, I mean, it's people are acting as if this is an even war right now. And it's not even close. First of all, McGregor's a stud. I mean, he's an absolute, you know, that we're glad he's on our side. He's a military mind. I don't know if those numbers are accurate. I could tell you they're juxtaposed to almost everything we're hearing from every institution that we have, including a lot of our intel from Germany and England. But again, I don't know what to believe. So when you don't have when you don't have transparency, when you're not holding regular press conferences, when your Pentagon spokesman is now working in the White House and now you're getting a triple spin. I mean, the U .S. Open double backspin. You've gotten so many spins on the narrative. I don't know what to believe. But if he is even close to what is a segment of truth, you know, then look, Ukraine needs an investigation. There's a lot of investigations. We've got to start on Afghanistan. We were promised that by Speaker McCarthy. We need a hot wash on Afghanistan. And then we need to go to what who is oversighting the money that's going to Ukraine. And what have we got for our return on investment? Yeah, I'm not asking for much. Really, all I'm asking for in this conflict is can we just talk about what the end game is? And to your point, can we get an accounting of where the money's going and what's being spent in a real accounting of it? The Iran deal that just happened last week. First off, the fact that that was negotiated and completed on 11th September to me is just the ultimate slap in the face. But you again, you know more about this than I do. We do a five for five trade. OK, I'm going to use sports analogies. We trade five for five. And then we also approved of six billion dollars that apparently wasn't ours, but it was in a fund that now they can release to Iran. How are we winning on that one? Well, first of all, I was hoping that at least it was a digital transfer. The fact that it went as euros in cash through Qatar. And OK, so what happens the 24 hours after that deal is made? We're now getting issues in the West Bank. We're now hearing about issues in Yemen. We've now got Hezbollah that's reinforced. I mean, look, what do you think they're doing with cash? Right. What deal do you make where someone says, I'll bring a box of money to you? What do you it's this is a state sponsor of terrorism. They haven't changed. By the way, their president is now in New York City addressing the United Nations. This guy's killed 6500 of his own people. He admits to it. He killed the students that revolted and wanted democracy when we did nothing. He killed 5000 of his citizens in 1988. He's killed over 300 Americans. There's no accountability whatsoever. I don't understand what it is about Jake Sullivan and Tony Blinken that believe that Iran is a partner. All you've done 10 years ago, they were refining 10 percent of their oil. And now they're a force. Now they're working with Maduro in Venezuela, and they're a huge part of their members of of the international community. They're in good standing there. I don't get it. Does anyone believe that the Iran nuke deal? Look, we got hit with cruise missiles under Trump in Iraq. How did they have those cruise missiles? Those cruise missiles were illegal under the Obama nuke deal. So how are you refurbishing missiles in two years? Do we believe that their centrifuges have stopped? That they won't have a program if they don't have one already? No, I mean, I guess my question, David, is how I mean, I know that you pay a lot of attention to this stuff, but how do people like in the media not ask these questions? Right. I mean, these are legitimate. I mean, we just traded to I put this on my notes here. This is on the heels of trading a WNBA basketball player for the Merchant of Death like six months ago. Right. I mean, and again, I'm glad Americans are coming back to America. I don't want to sound pessimistic on that. That's great news. But we also I mean, this this stuff just seems like I don't care what side of the aisle you're on. It warrants questions, but nobody seems to care. I'm in the world that if you take hostages, we take hostages. You want to exchange people? We'll exchange people. You know, we definitely have the partners in the area to do that. For whatever reason, this administration, they're they're they're contrarians. They're contrarians to you know, they claim Bush and Cheney are their best friends, yet they just go 180 degrees from that doctrine. I don't know what the Biden doctrine is. I don't know what Bidenonomics is either, but I could tell you that they believe that Iran is a partner. Now, here's another thing. Our envoy to Iran not only is no longer the envoy, he doesn't have a security clearance. Does anyone curious at The New York Times as to what happened to the lead negotiator in Iran that is escorted off a bus, taken into American custody, given a job at Yale or Princeton or wherever he's working now? I've never heard of a person going from top secret classified negotiations to no clearance whatsoever and in the custody of American intelligence community. No one cares. No one cares at all. It's fascinating. And again, for me, I mean, these are big decisions that we're making. And correct me if I'm wrong, but it used to be, you know, maybe we did a two for five deal and then we made the six billion. Now we're like, we're giving stuff away and we're on the losing end. Correct me if I'm wrong, but America was never, you know, America losing. It was always America winning, right? America getting the best of deals. At least McDonald's has a five for five. We didn't even get that. You know what this does though? Honest to God, if you're thinking about traveling overseas, things go sideways, cartel, South America, Mexico, wherever you're going, you have a price in your head now. No one in their right mind is going to bring you back whether it's Haiti or wherever you are, you're worth $1 .25 billion. And thugs and scumbags are going to take advantage of that. I mean, that's a great point too. Do you think about leaving the country? I don't know anymore. That's a little bit concerning. I don't care where you're going, right? That's concerning. This one I just had to bring up because it happened two days ago or yesterday. How do we lose a plane? And I heard that's like a third one in the last six weeks that something like this has happened. How are we losing $80 million planes? Well, they're not $80 million anymore because they've got a new engine and all this other stuff. Look, the F -35 program is a complete disaster. You want to talk about why our allies think we're crazy. We sold them a plane. This program has been around since the early 90s and we've got nothing on return for it. So basically two planes are flying in a buddy team. They're doing training and a guy punches out. We don't even know why he punched out, but that plane could have easily hit a building. It didn't, thank God. But the wingman didn't follow where his buddy went. So what is he doing? He just kind of went on and did his own thing. And now the Marine Corps put a Facebook post like a dog is missing. We're expecting the Ukrainian farmers to carry the F -35 out with their tractors. I don't know what the point of it's wild. Look, stop embarrassing us. Just stop humiliating us. That's all I'm asking. Just be the army and the Marine Corps that we know our men and women are capable of being. Get out of their way. This gender garbage, this social experiment nonsense, stop humiliating our military. That's all I ask. Why can we not get the... I mean, I know why we can't get the answer, but I'm asking this to you. But why can't we, at a press conference at the White House, why can't we say, I want to talk to the guy that was in the other plane, or you can tell us the transcript of what happened when that happened. Talk to the guy who jumped out of the plane. Why did you do that? And again, I'm not trying to put our military on the spot, but these are kind of big questions to ask, right? I mean, if I do something in my business, I have to go face the music on that. Why doesn't everybody have to face music for their decisions or why things are happening? I think it's kind of important. Well, you don't want to talk to generals because they're going to tell you the truth and they won't be generals anymore. True. And you don't want to talk to enlisted people. Because look, I mean, let's be honest. How many people are... Is this a merit -based military anymore? Do we have a meritocracy? Are we promoting people based on pronouns? Go figure. When we're putting politics above military strength, accidents happen. We don't know the facts, but the fact that nobody cares about getting to the bottom of it, the day of the Pentagon paper reporters are gone. Yep. Yep. Let's just talk about the 2024 race quick, and then we will wrap up for today. So your thoughts on the Republican primary so far, I'll stay away from the Democratic side till the very end, but your thoughts on, you know, there's obviously Trump who is now in a, has a huge lead. Ron DeSantis seems to be crumbling underneath himself. Vivek Ramaswamy has jumped up in the polls. Nikki Haley's there. Tim Scott's there. A few others that probably aren't going to get a lot of votes. Chris Christie's the anti -Trump candidate. Mike Pence is, I don't know what Mike Pence is. I'm not really sure. Your thoughts about the whole field so far? I mean, look, it's impressive. They've got a deep bench. There's a lot of diversity. I, you know, none of it matters. Trump is the guy. The more you indict him, the more you empower him. You know, I'd like him to work on his communications a little bit better. You know, but if Trump is Trump, Trump is a Frankenstein monster of Barack Obama. As long as you have that faction, you're going to get, you know, Trump is going to be empowered. I just don't want to see Governor Noem anywhere near the White House. And I, if he's going to pick a running mate, you know, it's hard to find an ally here, you know. But it would be nice to find a governor. I don't want to take anyone from the Senate. I don't want to take anyone from the House with the margins that tight. But I mean, the idea that Governor Noem is being floated right now. I mean, I'd rather take North Dakota. Yeah. A little sled there. You know, it's funny you mentioned that because I saw a lot of that this weekend. I mean, can we just, for lack of a better term, keep it in our pants for about a year and then do what you got to do? It really is. I mean, every time you turn, somebody's doing something idiotic, whether it's Boebert. And again, I say this, David, a lot of people know who you are. A lot more know who you are than they'll ever know who I am. But when you go out in public into a movie theater like that, and I'm going to Boebert, not Noem for a second, you're, you're extremely well known. I don't care if it's dark or if it's as light as it is in the studio right now. What are you thinking? I, you know, she's, she's, she's an embarrassment. She is. She's bad, too. Who would have thought that Marjorie Taylor Greene would have been the, the oasis of the Maryland? I mean, seriously, I, again, you're, you're in Congress every day. You're out in public, you're on the job. You know, at least she wasn't wearing a hoodie, you know, that's all in shorts. She was at least dressed for the occasion, but I, it was, it's wildly embarrassing. Vaping, singing, whatever you're doing. Getting groped. Yes. Who is your VP candidate then? Because I think, you know, you have names thrown around. There's, there's, the vague has been thrown around in there. You know, Byron Donald's has been thrown around in there. Carrie Lake has. I don't know. I love Carrie Lake. I just don't know that Trump needs to go with somebody so divisive there. I think he's got to go with somebody that's, that's firm in their beliefs, but also not maybe going to turn off half the country. Well, you know, it's, it's impossible. One of the, one of the problems with making Trump, you know, the, the enemy of the state that the left has done is that you've really made it difficult for him to even put a cabinet together. You know, I mean, what are you going to do with it? You've got a lot of loyalists out there. You know, the vague is, is I think maybe the most intelligent dynamic candidate we've ever seen run for president, but experience does matter. But you know, I love the way he thinks. I love the movement. I don't know if he would even take the job to be honest with it. I don't think he needs it. But you look at a Tim Scott, I think Tim Scott is, you know, there's a whole lot to his message and I think he's, he's got the experience in the Senate, but honestly, you could literally take the Clint Eastwood chair and, and throw it in there as vice president. I'm going with that because this, this from top to bottom, we have to have seismic change in 24. Do you think he would ever choose Kristi Noem at this point with all that now? Yeah, no one knew Mike Pence was a, was a 24 hour story and then he was the vice president candidate. So who knows? I mean, a lot can happen between now and then, but I just, I don't need, you know, let's just pick people on their merit. Let's pick people that are ready to be the president. Imagine this, imagine picking a vice president that can lead the country. If something happens to a 75 year old president, you know, like Kamala Harris. Yeah. Someone like that.
A highlight from Robert Kiyosaki: Buy Bitcoin NOW, Before Market Crash | EP 828
"Yo, welcome to Simply Bitcoin Live, we're your number one source for the peaceful Bitcoin revolution, we cover breaking news, culture, and medic warfare, we will be your guide through the separation of money and state. Robert Kiyosaki, he is the author of Rich Dad Poor Dad, it was one of the most influential books that I read in my professional career, in fact it was one of the first books that I read in my late teens, early 20s, I dropped out of college so I took the non -normal path, the path where my parents are like, you're never going to make anything of yourself, and that book was a big inspiration for me, it motivated me and it really kind of changed on my mindset what is money, what is entrepreneurship, what is wealth, so I highly recommend that book if you haven't read it, and the reason I'm talking about this individual today is because he's pretty base, he likes Bitcoin, he likes Bitcoin a lot, and he tweeted something, something actually that he's been tweeting for quite a while, and essentially what he's saying is, you better get yourself some gold, you better get yourself some silver, obviously I don't agree with the gold and the silver, it's not that gold in itself is bad, I just think that the gold market is captured because of gold centralization, because of its physical characteristics it leads to a lot of people cussing their gold, and I think that inevitably leads to rehypothecation, that inevitably leads to manipulation. So, yeah, I think Bitcoin is the insurance, but most importantly, if this news was just on itself, you would say, Niko, this is a bunch of noise, what does it matter if another person is saying to buy Bitcoin? Well you guys know the deal, what we do here at Simply Bitcoin, connect the dots, remember all the people that are saying, buy Bitcoin, the other day I think it was yesterday's episode, you had Jordan Peterson, so you have another influencer, you have another person who has a huge following, who's the author of a very, very famous book, Rich Dad Poor Dad, it's a very influential book, also saying the quiet part out loud, buy Bitcoin as insurance, get on the life raft, so that is awesome, we're gonna talk about that today, and also in the European Union, European Union passed DAC8, and essentially what that would do is it would force crypto service providers to report all transaction information on EU clients, which is something very, very similar to the Elizabeth Warren bill that we covered on yesterday's episode, so yeah, we covered Jordan Peterson on Monday, we covered the Elizabeth Warren stuff yesterday, so you could see where all these countries, the direction that all these countries are heading, as the separation of money and state accelerates, and the nation state tries to maintain that privilege, the privilege, the control of money, the monopoly over money, but I don't think you can stop an idea whose time has come, so they're gonna have a very, very hard time stopping that, I'm very excited for today's show, it's Wednesday, we're halfway through the week, it's time to bring up my legendary co -host, who is literally smiling and laughing, this is Ati all the time, how you doing brother, what's up? I'm doing great, I'm just laughing at you, because like hey, you know, I was joking before the show, I was like okay, let's just get the show done, and you're like, I live for this stuff, this is what I do, and it still works, but we love to do this man, and yeah, to your point, you know, I remember reading Robert Kiyosaki's Rich Dad Poor Dad, my early days right before I found Bitcoin, and it was definitely one of those defining books in my life that, you know, I think I've come a long way since then, but it was one of those books that definitely got me reading, or at least thinking about money correctly, anyways, on that point, last week we had a kneel on, and someone asked, what are some of the Bitcoin fundamentals, and so I went on my Noster yesterday, and I asked people what they thought are some Bitcoin fundamentals, and shout out to Darth Coin, our simply Bitcoin Telegram group moderator, and he gave me one of his articles, so I'm gonna use that as a jump off point, so hopefully some new people that are in the chat, I saw someone say they just got their first, you know, their first Bitcoin, they just started stacking, so you know, we're new people in the Simply Bitcoin YouTube that maybe aren't as familiar with everything that we know, we're trying to get them on board, you know, I know you guys, I can hear you guys saying, you know, Opti repeats himself so much, but hey, we're trying to get everyone on the same page, not everyone understands as much as you do, and as I jokingly say all the time, I think I've forgotten more about Bitcoin than I remember, but all you need to remember is, stack sad, stay humble, stay solvent, take your Bitcoin off the exchange, keep it simple guys, so we're gonna kind of get back to some fundamentals, give you guys some, as Darth Coin says, some Bitcoin commandments, and we'll kind of have a little chat about that, I'd like to get, or pick Niko's brain about what he thinks are some of the fundamentals as well, so we got a good show, I think actually it's gonna be a fitting show with the Robert Kiyosaki news as well. Robert Kiyosaki man, it's absolute legend, love, love his work, love the book that he wrote, also guys if you're enjoying the show, help us break 100 likes within the first hour, I think yesterday, or the day before, we broke 200 likes, so if you're watching the live stream right now on Rumble, YouTube, Twitter, make sure to smash that like button, also join Simply Bitcoin's Telegram group, it's absolutely free, we're almost, we're about to hit a thousand people in there, so just go to t .me slash simply Bitcoin TV, join it, it's a party, you can tag Opti there with some memes and he'll feature them on the show. Alright everybody, no more delay, let's jump straight into the numbers, we got a lot to talk about today, let's check it out. The Bitcoin Numbers Is your Bitcoin and cold storage really secure? Is your seed phrase really secure? Stamped Seeds Do It Yourself Kit has everything you need to hammer your seed words into commercial grade titanium plates, instead of just writing them on paper, don't store your generational wealth on paper, paper is prone to water damage, fire damage, you wanna put your generational wealth on one of the strongest metals on planet earth, titanium. Your words are actually stamped into this metal plate with this hammer, and these letter stamps, and once your words are in, they aren't going anywhere, no risk of the plate breaking apart and pieces falling everywhere. Titanium stamped seeds will survive nearly triple the heat produced by a house fire, they're also crush proof, waterproof, non -corrosive, and time proof, all things that paper is not, allowing you to huddle your Bitcoin with peace of mind for the long haul. Stamp your seed on stamp seed. Alright guys, I literally made it easy for you guys, scan the QR code on your screen with your phone, it will take you directly to the stamp seed website, you can use promo code simply to get 15 % off anything on the stamp seed website, store your generational wealth on fucking titanium bro, titanium. Anyways, the Bitcoin price at the recording is 27 ,155, sats per dollar, 3 ,683, block height 808 ,601, blocks to halving 31 ,399, halving estimate April 21st, 2024, total lightning network capacity 4 ,829 Bitcoin, capacity value 131 million US dollars, realized monetary inflation rate, inflation 1 .75%, continuing to take fiat currencies to absolute school, market capitalization, 529 billion dollars with a B, Bitcoin versus gold market cap 4 .09%. In the grand scheme of things, Bitcoin is still a tiny little baby. Anyways, something to point out, something very interesting, which is the Bitcoin versus gold market cap. That will continue to go up if Bitcoin reaches the gold market cap, that is 500 million dollars sorry yes, 500 ,000 dollars per Bitcoin, rough estimate. So and we all know that Bitcoin is better than gold because of its physical characteristics. Again I know a lot of people that like gold in the chat and I appreciate you all and I'm a fan of gold too, gold bar like physical gold I'm a big fan of but problem is that most people don't like they don't they don't buy physical gold, they buy paper gold. That's the issue right? With Bitcoin you know it allows you to take self custody of your Bitcoin extremely easy, you know you don't have you don't have to wait for it to get physically mailed to you. If you go to El Salvador where Bitcoin is legal tender and you go to a McDonald's you know you could pay with your Bitcoin because Bitcoin has a bunch of decimal places you know it's divisible it's goes through the internet if you use lightning network it's instantaneous you know the main chain writes roughly 10 minutes settlement but you'll still see the transaction immediately.
Monitor Show 15:00 09-15-2023 15:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. All right, we told you about Mike Pence, he's gonna join us 5 p .m. Washington time on Balance of Power, and we're gonna bring it to you here on Bloomberg Radio. We'll meet you back then. Kaley, have a great weekend. You too, Jeff. Bloomberg Business Week starts right now. Live from the Bloomberg Interactive Brokers Studio, streaming on YouTube and Bloomberg Originals. It is Friday, September 15th, 2023. I'm Jess Mitten, along with my co -host, Bloomberg TV correspondent, Simone Foxman, who we're both in for Carol Masser and Tim Stenovick, who do have the day off. Happy Friday, Simone. Happy Friday, Jess. Yeah, we're holding down the fort. We are. What an honor, right? Who's who in this situation? It's always a pleasure, though, filling in for both of them. But as you know, Simone, looking over at the U .S. stock market, though, unfortunately, jeopardizing those weekly gains because of today's losses really driven a lot. Not surprisingly, when you have a four trillion dollar triple witching event, especially in the options market, really amping up some of this volatility as we get into the weekend. But you know what? There was some brighter news. U .S. inflation expectations fell to the lowest in more than two years when you're looking at that latest University of Michigan survey. And consumers are growing more optimistic about that.
A highlight from Why Tucker Carlson is a Bitcoiner | EP 825
"Yeah, welcome to Simply Bitcoin Live, we're your number one source for the peaceful Bitcoin and religion of carbon making news called Traumatic Warfare. We will be your guide through the separation of money and state before anyone makes fun of me in the chat. My mother -in -law got me these like blue light blocker glasses and I put them on last night and I felt like immediate relief and there's like different shades for it. So like these are like nighttime when the TV is there and then these are like right before you're gonna go to sleep but apparently these are for daytime. Anyways, they're badass, your eyes literally feel like they're relaxing and Opti of course is already trolling me and as well, I'm sure the chat is as well. So that's why I'm wearing these, maybe I'll continue wearing, they feel good, I'm on my computer all day, you know what, I don't care at this point. Anyways guys, today's gonna be a great, great show, orange tinted glasses, I didn't think about that. Today's gonna be a great show, we're gonna talk about the man, the myth, the legend, Tucker Carlson himself. His show last night that he released on Twitter, which I highly, highly recommend, actually has last time I checked, 320 million views, it beat the interview that he did with Donald Trump by like 100 million views. And once again, you have a politician, right, so Justin Trudeau is basically gaslighting saying like, you know, we have to put price controls on the grocery stores for raising the prices and all that stuff. But you have a politician who is literally identifying the problem, he's literally saying the government is the problem, the money printing is the problem, the government is the sole cause of these things. You have an Austrian economist who has a really good opportunity, really good shot at winning the presidency. And why I believe this video was so popular was the same reason as to why I believe that video Richmond, North of Richmond, went viral the way it did. People are feeling the pain, people are questioning the current system, and people are desperately seeking an alternative, which is why I believe this this hardcore libertarian Austrian economist has a really good shot at winning the presidency in Argentina, and the country is currently dealing with 100 % inflation, like, like, obviously, people are questioning it. And when you have a politician who's actually identifying the real cause of inflation, like people put two and two together, right? Javier Meli wouldn't be popular if he didn't strike a nerve. Richmond North of Richmond wouldn't have gone viral, right? Without any of the marketing and any of the push by the big studios, it was just basically a very small studio, it's a guy in his backyard with his dog, literally singing into a microphone. That would not have gone viral if it did not resonate with people, if people weren't feeling the pain that he was feeling, right? So this is, we are living through, in my opinion, the separation of money and state. All these roads, like even if Oliver Anthony, and even if, you know, Javier Meli, you know, and we know he likes Bitcoin, but you know, he wants to dollarize the country, all roads eventually lead to Bitcoin. Some people take the longer road, some people take the shorter road, but eventually it all leads to the inevitable conclusion that we have to separate money from state, because as long as the state has the privilege of being able to create money for free that everyone else has to work for, they will abuse that privilege to benefit themselves and benefit their friends at the expense of everyone else. And this is exactly what Bitcoin fixes. So this is really, really exciting times. Tucker, I don't think he would be at this point if it wasn't with the conversations that he had with Naeem Bukhale. Tucker would not be at this point if it wasn't, if he didn't have the conversations with Michael Saylor. Tucker would not be at this point if he didn't have the conversations with Max Keiser. And even though he was the most popular broadcaster on the legacy corporate media, his words were so dangerous that they had to fire the guy. And that makes sense. Look at all the other articles that are that's coming out of the legacy corporate media attacking Naeem Bukhale, attacking Javier Milli. Because I think they're exposing the fraud that is fiat money and the fraud that is the current established system anyways, it's going to be a great show before we get to it. I want to bring up my legendary co -hosts. We're both wearing glasses now, Opti. Opti was making, I was telling you hard, it's so much fun of me in the beginning, but I'm going to buy you a pair. You're going to be you're never going to take off anymore because I need the colorblind one. Your eyes are literally going to relax, bro. Like your eyes are literally like look at my eyes are like relaxing right now. They're like they're like, oh, like I don't even know what that means that your eyes feel relief. Like you don't even know what that means, bro. I have no idea. I've never looked as cool as you do right now with those glasses on. So I wouldn't know. I wouldn't know. But anything anyways to the opening monologue, which was great, very, very eloquent. And you had that politician rhetoric going right there. I really liked it. I really enjoyed it. One of the things that's pretty crazy is the fact that Tucker got so many views on this. What what I don't know what it is now, but last time I checked, it was like three twenty two, three hundred twenty two million. Like that's damn near the whole U .S. population. And we all know that Fox wasn't getting to every single person in the U .S. Obviously, it's global. But that reach that Tucker has on Twitter or X is just it's absolutely crazy. And this goes back to what we keep saying all the time of breaking the echo chamber and planting these ideas. And of course, Tucker doesn't have to go full Bitcoin maxi like we do on our show. But the fact he's having these conversations, I think does feel like a shift in the zeitgeist and people are waking up. And we've been kind of covering pinpoints and receipts about this constantly, whether it's the song, whether it's a post that I did yesterday in the culture, whether it's the tick tock videos, like people are feeling the pain and they're asking the questions. And so, you know, the soil is right for people to understand Bitcoin and for everyone to get on the Bitcoin standard. So it's just, wow, three hundred and thirty five million views now. OK, the Overton window is crazy, man, is shifting, man. People are sick and tired. People are sick and tired of the gaslighting. You had Opti's ex -girlfriend literally telling people that the cause of inflation is because workers are asking for more salary. Like it's absurd. Anyways, we do have a very special guest today. We have James from Stamp Seed and we're going to talk about the stamp seed before. Look, I got to show off my stamp seed hammer. Look at this thing. Nice. There you go. We got we got to we got to stamp seed hammers. So I'm very excited for the culture. We're going to talk about the stamp seed, why you should back up your Bitcoin wallet seed words on titanium, one of the strongest metals on planet Earth. Is that is that correct, James? That's correct. One hundred percent. Yeah, man. So we're going to we're going to we're going to. We're going to dive deep into all that. And I know a lot of you guys I know that you did you guys did a lot of the stress testing. I think it was Lop that did some of the stress testing comments. Migo, you remind me of Bono from YouTube. It's true, but I don't think Bono was wearing these. I think Bono was wearing these for stylistic reasons. I'm wearing these so that my eyes could relax from the from the evil blue light that's coming out of my screen anyways. So, yeah, you guys did a lot of stress testing on the stamp seed. That's correct, right? Yeah. We haven't had Lop stress tested yet. I think that's in the works right now. But we tested ourselves in house, various different sources of heat. One of them was a blowtorch, which is similar to Elon Musk, not a flamethrower, which is reaching temperatures triple the average house fire. This is one of the plates that we had stress tested. You can see it's been burnt to a crisp. That's why there's all that discoloration. We marred it up. So where you can see those hammer marks are hit. You can still see your letters. It might not come out too clear in the camera. Bent it, crushed it, you know, being that it's one solid piece and your letters are stamped deep into the metal when you bend it. Things aren't going to. There you go. Look at that. Look at that. Yeah. Things aren't going to fall apart. You know, there's no loose pieces, no loose tiles, you know, Scrabble pieces, I like to call them. Everything's in there. Yeah. Like this is like as if your house caught on fire that elephants stamped on the ruins afterwards. Yeah, right. This is what this looks like. Yeah. Or if you know your house, you know, you have two floors, maybe the first floor collapses during that fire. And, you know, you have some crushing issues on top of it. But chances are things like that hopefully aren't happening to most people. But if they do, you're secure. If they do, your money, your generational wealth is protected. Anyways, guys, let's jump into the numbers. I want to talk about Tucker. I want to talk about with about everything that's been happening. Let's check it out. The Bitcoin numbers, is your Bitcoin and cold storage really secure? Is your seed phrase really secure? Stamped seeds do it yourself kit has everything you need to hammer your seed words into commercial grade titanium plates instead of just writing them on paper. Don't store your generational wealth on paper. Paper is prone to water damage, fire damage. You want to put your generational wealth on one of the strongest metals on planet Earth titanium. Your words are actually stamped into this metal plate with this hammer and these letter stamps. And once your words are in, they aren't going anywhere. No risk of the plate breaking apart and pieces falling everywhere. Titanium stamp seeds will survive nearly triple the heat produced by a house fire. They're also crush proof, waterproof, non -corrosive and time proof. All things that paper is not allowing you to huddle your Bitcoin with peace of mind for the long haul. Stamp your seed on stamp seed. All right, guys, I literally made it super easy for you guys. You can scan the QR code on your screen. It'll take you directly to the stamp seed website and you can use promo code simply to get 15 percent off any of the stamp seed products. And I know you guys are doing custom back plates, too. I saw some that were really bad ass. Yeah. So do you have one, by the way, on hand? I do, actually.
A highlight from MARKETS DAILY: Crypto Update | ETH Supply Down One Year Post-Merge, With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 15th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about Ethereum one -year post -merge, Bitcoin mining, institutional interest and more. To make sure you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets took a breather today after yesterday's rally, as at 10 a .m. Eastern Time, Bitcoin was trading down almost two -thirds of a percent at $26 ,395. Ether was faring a bit better with a drop of one -tenth of a percent. To $1 ,622. Spot trading volumes in crypto markets have been recovering slightly over the past few days, but are still less than a third of what they were this time last year. In traditional markets, U .S. stocks are trading weak this morning as traders brace for the volatility that typically accompanies a triple witching day. This is when monthly and quarterly expiries for derivative contracts on stocks and indices coincide. This quarter, approximately $4 trillion worth of options are affected, making it the largest September expiry on record. At 10 a .m. Eastern Time, the NASDAQ was down almost nine -tenths of a percent. The S &P 500 was looking at a drop of four -tenths of a percent, while the Dow Jones was holding flat. Over in Europe, stocks are headed for their best week in two months, as investors continue to price in the end of the eurozone rate hiking cycle. As at 10 a .m. Eastern Time, both the German DAX and the Eurostox 600 indices were up around 1%, while the FTSE 100 managed to clock in a gain of 1 .2%. In Asia, the Japanese stock market had a strong day on the back of positive tech sentiment following yesterday's successful IPO in New York of chipmaker ARM. The Nikkei index closed up over 1 .1 % today. Sentiment in China opened strong on higher -than -expected growth in China's retail news later in the day that property group Sino Ocean had suspended offshore debt payments turned sentiment around, however, and the Shanghai Composite Index closed down three -tenths of a percent. The Hang Seng index also weakened in late trading, but still managed to hang on to a gain of three -quarters of a percent. In commodities, oil prices continued their climb, with the Brent crude benchmark passing $94 per barrel earlier today. As at 10 a .m. Eastern Time, prices were taking a breather, with Brent back down to $93 .42, up two -tenths of a percent over the past 24 hours. Gold looks set to end the week on a positive note, as traders' position for the FOMC interest rate decision next Wednesday. As at 10 a .m. Eastern Time, the metal was up 1 .4 % on the previous day, trading at $1 ,928 per ounce.
A highlight from Crypto Update | ETH Supply Down One Year Post-Merge, With Host Noelle Acheson
"This episode of Markets Daily is sponsored by Kraken. It's Friday, September 15th, 2023, and this is Markets Daily from CoinDesk. My name is Noelle Acheson, CoinDesk collaborator and author of the Crypto is Macro Now newsletter on Substack. On today's show, we're talking about Ethereum one -year post -merge, Bitcoin mining, institutional interest and more. To make sure you don't miss an episode, be sure to follow the podcast on your platform of choice. And just a reminder, CoinDesk is a news source and does not provide investment advice. Now, a markets roundup. Crypto markets took a breather today after yesterday's rally, as at 10 a .m. Eastern Time, Bitcoin was trading down almost two -thirds of a percent at $26 ,395. Ether was faring a bit better with a drop of one -tenth of a percent. To $1 ,622. Spot trading volumes in crypto markets have been recovering slightly over the past few days, but are still less than a third of what they were this time last year. In traditional markets, U .S. stocks are trading weak this morning as traders brace for the volatility that typically accompanies a triple witching day. This is when monthly and quarterly expiries for derivative contracts on stocks and indices coincide. This quarter, approximately $4 trillion worth of options are affected, making it the largest September expiry on record. At 10 a .m. Eastern Time, the NASDAQ was down almost nine -tenths of a percent. The S &P 500 was looking at a drop of four -tenths of a percent, while the Dow Jones was holding flat. Over in Europe, stocks are headed for their best week in two months, as investors continue to price in the end of the eurozone rate hiking cycle. As at 10 a .m. Eastern Time, both the German DAX and the Eurostox 600 indices were up around 1%, while the FTSE 100 managed to clock in a gain of 1 .2%. In Asia, the Japanese stock market had a strong day on the back of positive tech sentiment following yesterday's successful IPO in New York of chipmaker ARM. The Nikkei index closed up over 1 .1 % today. Sentiment in China opened strong on higher -than -expected growth in China's retail news later in the day that property group Sino Ocean had suspended offshore debt payments turned sentiment around, however, and the Shanghai Composite Index closed down three -tenths of a percent. The Hang Seng index also weakened in late trading, but still managed to hang on to a gain of three -quarters of a percent. In commodities, oil prices continued their climb, with the Brent crude benchmark passing $94 per barrel earlier today. As at 10 a .m. Eastern Time, prices were taking a breather, with Brent back down to $93 .42, up two -tenths of a percent over the past 24 hours. Gold looks set to end the week on a positive note, as traders' position for the FOMC interest rate decision next Wednesday. As at 10 a .m. Eastern Time, the metal was up 1 .4 % on the previous day, trading at $1 ,928 per ounce.
A highlight from Michael Saylor: Bitcoin to $5 Million is Inevitable | EP 824
"It's all going to zero against Bitcoin. It's going up for everyone. Bitcoin! You're against Bitcoin, you're against freedom. Yo! Welcome to Simba the Bitcoin Live, we're your number one source for the peaceful Bitcoin revolution cover breaking news called dramatic warfare will be your guide through the separation of money and state today is September 14th 2023 another day in Bitcoin another day on the Bitcoin roller coaster they don't call the Bitcoin roller coaster for no reason there's ups and downs we hit 25k we're back to 26 ,697 but if you zoom out if you zoom out in the grand scheme of things if you believe in the meme 21 million divided by infinity or infinity divided by 21 million I think it is we all know we're early but there's something I want to talk about today specifically there was a very famous spaces that Michael Saylor did and I think he did it with some some legacy media people there's a huge spaces and there was three things that he said needed to happen in order for Bitcoin to 10x and then during that spaces he even said if these thing if these three things happen Bitcoin will inevitably hit five million dollars per coin now what were those three things first thing was the changing of the FASB rules right with the accounting the fair value accounting rules and that happened not too long ago we broke the news I wasn't there I had some swan duties that day but Opti and I think it was Rustin were holding it down so we covered that and then number two was large banks right I'm not talking about like small banks or you know these these Bitcoin crypto focused banks I'm talking about large banks offering institutional custody of Bitcoin of digital assets for their clients check that off that's happening you have banks all around the world whether it's Panko Santander the news that came out today which is I wanted to cover this is Deutsche Bank is applying for a license to custody digital assets for their customers and then there and the third thing which has been like the big news of this year is the BlackRock spot Bitcoin ETF or now I would even I wouldn't even call it the BlackRock just a Bitcoin spot ETF those are the three things that Michael Saylor said needed to happen in order for Bitcoin to just go parabolic into this five million you know etc etc and those things are basically already happening like the FASB check that off right that was a huge does a massive deal so check that off the list that doesn't start that doesn't start going into action until the year 2025 then you have so that's the FASB ruling then you have banks large banks cussing Bitcoin check that off the list as well really the only thing out of those three things is the BlackRock spot ETF or sorry the spot I keep saying BlackRock maybe it's a Freudian slip the spot Bitcoin ETF how long will Gary Gensler be able to delay this he got absolutely hammered in in Congress there was a hearing this week so yeah I mean this is pretty crazy and it's really interesting if you've been here for a while you know Opti and I are class of 2016 Opti's class of 2017 but it's the same epoch really you know one of the narratives that existed when Bitcoin was falling you know it fell from 20k back down to 3k and one of the coping narratives all the way down was the institutions are coming the institutions are coming the institutions are coming I think you could say without a doubt that the institutions are here you can't deny that now the thing is do the institutions have the necessary infrastructure to onboard on to Bitcoin and I think that's an open question but you can't deny that the institutions want exposure to Bitcoin that's undeniable right we broke the news the other day that BlackRock had a lot of micro strategy had a lot of exposure to public to publicly traded Bitcoin mining companies as well right so it's some very interesting stuff now here's the thing though right so yes this number go up whoop -dee -doo but remember the revolution is individuals taking back financial sovereignty by taking Bitcoin into self -custody so just because you're buying a Bitcoin spot ETF for BlackRock's Bitcoin spot ETF do Charles Schwab or Robin Hood or whatnot that that isn't real Bitcoin that's paper Bitcoin that's an IOU the only way that you get true real Bitcoin is by you know buying Bitcoin earning Bitcoin mining Bitcoin and taking that said Bitcoin into cold storage right and then preferably the step after that is stop trusting someone else's copy of the blockchain run your own run your own node the one I recommend personally because it's the one I use is start 9 they're freaking awesome so definitely check them out if you're interested in running a Bitcoin node but yeah it's a very interesting times that we're living in but uh you know I don't think I've ever been so bullish how you doing Opti and we're in the the simply Bitcoin merch today bro you're modeling I love it yeah yeah it's uh it's raining right now it's it's officially hoodie season so you're raining but you're inside yeah whatever I feel like wearing a hoodie today if it's nice it's comfy I'm wearing this all the time get yourself one at simply Bitcoin calm yeah man it's hey let your boy live for once geez yeah crazy you're not in uniform bro you you went from collared shirts to hoodies what happened you're regressing well suits coming soon I had a conversation with Chris yesterday I missed that episode man I love Chris shout out the coin shout out our boys over a Bitcoin mag but yeah crazy uh crazy developments and we really talked about it yesterday as well pretty pretty extensively on the show of how it is undeniable that the institutions want your Bitcoin there is so much institutional investment and there's just so much capital waiting on the sidelines for everyone for to get a shirt into Bitcoin you know like all the biggest asset managers well not all of them but many of the big asset managers of the world are looking to get exposure to Bitcoin we're seeing huge banks do the same thing and it just goes to show you that you guys are early and we are on the precipice of an amazing bull run as far as I'm concerned and now is the time to be stacking sats it's still what 26k so like we got the best opportunity ever and I know everyone is losing their mind because this bear market's been so long but this is where legends are made anyways on today's culture I saw this a couple tweets from Tom Luongo and if you guys aren't familiar with him he's a great I guess you call him like he is kind of low -key a gold bug and I know he's kind of maybe loosely understands Bitcoin but he created this meme in and I really wanted to touch on it today because it kind of changed my views on what we've been talking about we're always talking about you know the normies out there or in the not so nice way you know the sheeple out there and he coined this new phrase about like the masses comfortable are our wolves and I really want to cover this because I think it does change the framing and it's a little more positive view on what's going on in the world and we talk about it constantly that people need to feel pain and once they feel that pain and they wake up man shits gonna get really crazy and it really does feel like this is where we are right now so you know just prepare yourself it's it's you know are we on the precipice of a global recession who knows are we you know are we currently in a depression I don't know the official numbers are lying to us but we know that inflation is higher than they want and your purchasing power is going down the drain and I have these conversations with a bunch of my Bitcoin friends and we're all feeling the same thing it's like man dude things are getting more expensive and it's only a matter of time until people start to ask what the hell is going on right now and this is why we keep planting the seeds here on the show you know in personal conversations with people in real life and it's like we have built the foundation for people to protect themselves to get on the exit boat get on the safety net which is Bitcoin so get on the Bitcoin standard guys get on the Bitcoin standard that's right just get on the Bitcoin standard get on the life raft and you know you be watching the world around you doing doing its thing but you know that your future your family's future your wealth your time your energy your work is protected by the largest decentralized computing sorry I'm laughing at the chat you guys are wild breath the Bitcoin numbers is your Bitcoin in cold storage really secure is your seed phrase really secure stamped seeds do -it -yourself kit has everything you need to hammer your seed words into commercial grade titanium plates instead of just writing them on paper don't store your generational wealth on paper papers prone to water damage fire damage you want to put your generational wealth on one of the strongest metals on planet earth titanium your words are actually stamped into this metal plate with this hammer and these letter stamps and once your words are in they aren't going anywhere no risk of the plate breaking apart and pieces falling everywhere titanium stamp seeds will survive nearly triple the heat produced by a house fire they're also crush proof waterproof non -corrosive and time proof all things that paper is not allowing you to huddle your Bitcoin with peace of mind for the long haul stamp your seed on stamped seed that's right ladies and gentlemen don't put yourself in a position where you have to explain to your grandchildren while you lost your generational wealth because you decided to store it on paper store your generational wealth on titanium one of the strongest metals on planet earth you could scan the QR code on your screen right now to take you directly to stamp seed website use promo code simply get 15 % off at the time of recording the Bitcoin price is twenty six thousand six hundred and forty sats per dollar three thousand seven hundred fifty four block height eight hundred thousand eight hundred and seven thousand six hundred fifty blocks to having thirty two thousand three hundred and fifty having estimate April 22nd 2024 total lightning Network capacity four thousand seven hundred seventy six Bitcoin capacity value a hundred and twenty seven million US dollars realized monetary inflation 1 .75 % the market capitalization of Bitcoin five hundred and nineteen billion dollars with a B Bitcoin versus gold market cap four point zero seven percent very very very nice all right good numbers overall you know I love my favorites that I always tell you guys this is the realized monetary inflation of Bitcoin 1 .75 % that number is going to continue to go down forever so it continues to take fiat currencies absolute school even if they get it to their targeted Holy Grail 2 % inflation you know it's not even gonna come close anyways I do have some ways you got my favorite number is block height cuz that number is going up forever Laura that that that number just it just makes an all -time high every ten minutes the matter what next block it's almost like a coin walk next block anyways here's a clip I have two clips for you guys here's a clip from SEC chair chair Gary Gensler and he said some interesting things at the hearing we're gonna play you some clips of this hearing as the days go by though so let's check out this clip and I have another one then we'll talk about it and help protect Americans from the crypto abuses that cost consumers billions if they were to live up to the investor protection built into their current laws it would help investors but right now unfortunately there's significant non -compliance and it's a field which is rife with fraud abuse and misconduct and help protect Americans from the so I I want a friend two things right I agree in a way and I agree in the sense that it is full of fraud it is full of abuse it is full of misconduct now the initial part and help protect Americans from the crypto abuses that cost consumers billions I'm gonna reframes that right from the crypto abuse that cost consumers billions fine you could say shit coins you could say this what about from the governmental inflationary abuse that cost people all around the world millions if not billions of dollars why is that never talked about and that brings me to one of Tucker's episodes that he did in Argentina he did an episode about a 10 -minute episode covering what's happening in Argentina he's gonna cover he's gonna interview Javier Maly Javier Maly is he is he's a hardcore Austrian economist libertarian he wants to end the central bank you know he wants to cut down on the administrative state all of that stuff he said some pretty crazy stuff not gonna lie Tucker's gonna interview him tomorrow but what was really interesting about Tucker's opening monologue which we're going to cover extensively tomorrow is he said the quiet part out loud the invade and inflation is deft politicians aren't productive the way that they raise money is through direct taxation but they could only do that for so long until people revolt so they do that through the hidden tax of inflation we must continue to chip away at this like you know peacefully of course but Chico chip away at this move the Overton window start get start getting people to ask the question what is money why does my money lose purchasing power is it necessary for my money to lose purchasing power that's when people are gonna start asking really big questions and remember they do not have a response to this anyways talking about shifting the Overton window here's Joe squawk five years ago you would have never have believed this we did have a a Bitcoiner who was a writer for Forbes and he got a bit upset when I said that the legacy corporate media changed their tune because of the black rock spot ETF and he said no that's not true I was working at Forbes from before okay I take his word for it he's a cable are news you trying to tell me that the interest from black rock to launch a spot ETF has not influenced their change of tune whatsoever I don't know about that anyways here's Joe squawk it's about a one -minute clip and then we'll talk about it and move on to crypto if you'd indulge me for a second because we always have these crypto conversations and there seems to be this thing happening I don't know Joe we were talking about $25 ,000 with Bitcoin meanwhile black rock and all these folks all the folks that we thought were never gonna do this are now doing it and yet it's not moving at all well it's moving today well I mean sure 26 this is 26 it was for when when we started saying it wasn't going anywhere 4 ,000 oh okay but so but the question is is this now a risk on a risk off thing what do you how do you even correlate this to what's happening with the Fed because for a long time used to talk about crypto in regard to the Fed so I think crypto settling as part of the ecosystem I think people have recognized it is not the new global currency people have also recognized not going to disappear tomorrow is becoming institutionalized and I think actually if I were a crypto person I think this maturation process is a good thing where it moves from day to day is I can't really comment on that I still think it's outperformed every asset one year five year and ten year I mean I think I think he's pretty jaded a little bit right like you know it's going to zero at 4 ,000 and mind you like Pete Russo does a great job doing this but like he goes back in time and finds like original posts of people which is why it's so important to zoom out when in doubt of people posting a Bitcoin isn't going anywhere and Bitcoin was at like $100 Bitcoin was at like $200 at the time right so like when in doubt zoom out obviously Joe is completely converted he's like why have we been talking about the short -term volatility when we started when we started covering this it was literally at $4 ,000 it's at 26 ,000 at the at the you know depths of bear market he gets it I mean and this is actually one of the things that has helped me orange pill as many people as possible it hasn't been me saying the bitcoins better money it hasn't been me saying like oh look you know separate money from state hasn't been me saying you know it's a deflationary currency blah blah blah blah blah blah you know it's been the biggest converter of people you plant the seed you say Bitcoin right they ignore you for like a couple of years and two three years later pass number goes up and all of a sudden you get that text from that friend that you haven't talked to you in a long time and he's like hey about that Bitcoin thing ng you is the biggest converter of people it is the biggest orange pillar in my opinion is the most effective way and clear you could see that with Joe right he was like hmm yeah I mean we started covering this was at 4k I don't know why you're talking about the short -term volatility what the hell's wrong with you anyways why are you pulling that up Opti oh it's from wine it's from wine anyways why what's why you know all the disgrace you've ever done and all the controlling calling me why it might be the worst no I'm just trolling love you wine anyways first and foremost you know shout out the Joe Kernen absolutely love to see him just constantly battle the corporate BS FUD around Bitcoin and and I say this all the time you know like number go up love it or hate it is the fundamental thing driving all a Bitcoin adoption there's that and then on the negative side all of the crazy stuff coming out from you know the bureaucrats out there we covered the g20 stuff where they're trying to roll out a digital ID CBDC central bank digital control mechanisms and these two things together are in my opinion the driving forces for Bitcoin adoption it's like you we say it all the time and and the memes been catching on Nico I don't know if you've been seeing it on Twitter but Bitcoin is slavery it's starting to catch on and people are starting to notice that it's not even hyperbolic anymore but anyways starting with the first video I totally agree with that congressman or whatever like crypto is full of fraud like what a hundred percent agree hence why we're Bitcoin only like there's Bitcoin and there's shit coin and it triggered the thought in my mind about I think I brought it up last week it was the idea I forget what video it was but we played something on in the numbers about the the scene versus the unseen consequences of economics and it's very clearly visible the scene consequences of crypto scams and it very easily noticed and you know it's always rolled out as like the detriment to the whole Bitcoin industry and those are the scene consequences obviously there's been a lot of people getting rug pulled getting you know losing their their life savings because of shit coin scams and so it's very easily an emotional thing you can roll out so people are like ah let's protect the little guy but as we've going to cover and I really thought you were gonna play that Tucker Carlson video that you put on your Twitter I'm sick dude I mean so I was divided I was divided about what I wanted to make the show I was like I was like are we gonna make it about Tucker are we gonna make this about the sailor I think the sailor thing I was I was much more excited about the sailor thing it's a little little thing came out in my head I'm like holy cow the three things that Michael sailor said needed to happen for Bitcoin to hit five million all of those things have happened they've all happened right so I was like we have to cover this we will cover Tucker tomorrow's really actually made a thumbnail for everything it was awesome but I guess I guess you know we'll put we'll put a pin on that thought but tomorrow remember we're gonna be talking about the unseen consequences of money printing and that always gets obfuscated it always gets lost on people because it's not like a linear connection you know like you you gotta you know there's some nuance to this and most people can't think past like 20 seconds you know ADHD or whatever like we're all being inundated with so much dopamine from from social media that we either tune out or it just like it doesn't seem like it's important and and I can see people in the chat saying the same thing that we always hear is like once you start talking about Bitcoin once you say the B word people instantly tune out and it's only a matter of time until people wake up to what's going on here so you know plant those Bitcoin fundamentals into people's minds without using the B word usually helps and and goes a long way and then you find like hey you know have you heard about Bitcoin here's the pill take it but yeah man it just it just goes to show that the world is waking up and every metric that I'm seeing is pointing towards the fact that I think in 2025 more people are going to wake up to the scam that is Fiat and of course the safety boat that is Bitcoin and hey we're here for it so I'm I am super excited yes yes hold on hold on Arthur you can buy our merch with Bitcoin if you so want to yeah exactly go and go click scan the QR code it'll take you directly to the website and you could you could pay you pay in Bitcoin I think a lot I think wine set up the lightning yeah yeah yeah we got you got we got you guys back we got you guys rep some simply Bitcoin merch anyways so yeah man it's a really really exciting stuff alright guys let's jump into the news we got a lot to cover today before we get into news actually right now we are currently sitting pretty at 70 likes help us maintain our streak let's break a hundred likes within the out first hour of the live stream so if you're enjoying the show make sure to smash that like but it smashes mess mess wait wait wait can we do a legacy smash the like button Nico something like that anyways guys let's get to the news the daily news I want to give a shout out to our sponsor foundation devices it's self -custody done right they built a premium grade hardware wallet called passport right here in the u .s.
"triple h" Discussed on Lakers Nation Podcast
"And tonight, I thought he was clearly the best star out of all three of them. He was kind of their engine for the second half and even the overtime periods. He came up with a ridiculous deal off the inbounds that we didn't get to see because it happened so fast. But I don't think it's a surprise that out of every player in the triple over time periods that it was west broke that to me still had the most energy or most gas left. And I said that these are the kind of games where you're happy that Westbrook's on your team because you know he's not going to just give up or quit regardless. And I think it's just sad because I think he's been playing well and I don't think you could really pin losses on him at this point. It's a group effort, it's a team effort. He's doing exactly what we would want him to do. It's really up to LeBron and AD to pick up the rest of that slack that we think that they can carry. And then, of course, for the rest of the role players to do their part. And we have to give us per props because again, he's been good, the past couple of weeks. And I don't think you can really argue that at this point. Yeah. Yeah, he really has been. He really has been. This isn't Susan on him. You know, as much as people want to say trade Westbrook, traded for Ben Simmons, that's not happening. It's not happening. But he hasn't. He hasn't been bad. Mama mentality. It's time to start practicing Vogel if you want to keep your job. The UCLA health gym use it. Enough would just film watching. I never liked that method. Games are important for playoff seating. Yes, but this isn't unique to the Lakers in terms of not practicing a lot during the season. There's a lot of it's a long season and they play I mean, teams are playing every other day right now. Every other day they're backs. You're playing 5 games in 7 days. It's not an easy schedule to get through. So the Lakers are not alone in terms of being a team that doesn't practice all that often. Yeah, especially if you're an older team too..
"triple h" Discussed on Lakers Nation Podcast
"Because to me, anytime a coaching change happens mid season, it's pretty drastic in my eyes, especially when you're not necessarily out of things quite yet. I get it. The Lakers are ten and 11 now and not currently in the point, oh, maybe in the play in right now, the playoffs started today. Wow, that's sad to say. But I think that the Lakers I don't know if it's a hood. I know a head coaching change is probably going to happen at some point, especially if things continue this way. I just don't know if it happened that quickly. But this is one of those games where you feel like this is one that gets a coach fired. Yeah, for sure. And like, how much of the blame for this game do you put on vocal? Like if you were to put it in a percentage. See, that's kind of where I'm stuck is that it's not even really mostly him. I saw a lot of comments about this on Twitter while we were going through the game. It was like the Lakers should fire Vogel because he doesn't know how to play the right guys, blah blah blah. He keeps switching up lineups and rotations. And I'm like, well, it's because he's looking for a consistent lineup. And it's not like he's out there breaking threes the entire night. And so here's where I have a hard time parsing out whether it's Vogel's fault or not, is that a lot of the shots the Lakers took. I can't tell if that's them simply settled, or if that's my design. If it's my desire, that's a fireball that's in my opinion. You just can't do that. But if players decide to take the game in their own hands and settle for those kinds of looks, then is that really a coaching thing at that point? I'm not too sure. It's a whole lot of things. I guess the safe answer for me was I'd give maybe a third of tonight's blame. There's a lot of things. But I think mostly just fell on the players tonight. How much do you attribute the players lack of effort and focus, though on the coach? That's also another thing that's really hard to quantity and how much of that is the coach. But there's also .2 where a coach regardless of how good or bad it coaches, there's a point where our coach's lifespan with a particular team runs out. Because what kind of thing starts to fall on deaf ears because they've heard it. And they've heard that same voice. And that's not even it can be a great coach. And that's still can happen. Yeah, I think it was Mark Cuban that said this quote a long time ago. And it stuck with me ever since, but he said, something along the lines of once you find a good head coach, you bury that coach because it's very difficult to find coaches that can have gear in and you're out success with completely different rosters. Count them on your hands, Trevor. How many teams are how many coaches can you think of that can do that?.
"triple h" Discussed on Lakers Nation Podcast
"Going to be the formula for the Lakers and Trevor reason Kendrick nun while both fine role players. That's not going to swing the pendulum too far into Lakers favor really. I've got somebody who made a comment here and I agree. They're not going to swing the pendulum all that much here in terms of changing the way this team operates. I think there have been games and been moments where we clearly saw the Lakers missing an extra wing with some size. And would have made a difference. But again, big picture, that's not going to be the thing that really turns everything around for you. Not for all, said, Trevor, didn't you notice the sloppiness of the first throwing flashy passes and smiling? Anyone who saw the first quarter saw this coming. The level of arrogance they had in the first quarter was terrible. Yeah, look, this was driving me crazy too. I think I might have even fired off a text ranting about this in the Lakers nation text thread that we have going. I don't know. I think angry things that I'm sure over the course of the night. But we saw a number of times. Guys, make a mistake on the offensive end and jog back on defense. Not that sprint. Jog. Slowly, back on defense. There was one play where LeBron thrower passed a Deandre Jordan Deandre Jordan fumbled it and Deandre Jordan and LeBron stayed behind the play to, I don't know, blame each other, whatever, talk about whatever it happened. Didn't bother coming down to play much defense. Another play Russ made the mistake and jogged back. And then jog back into the paint rather than sprinting to the open man in the corner. And guess what? That guy buried a three. I believe it was Halliburton. I think it was who got open in the corner there. We saw from the get go. A lack of energy and a lack of effort from the Lakers and as I said to kick this thing off. The Lakers could have won this game playing coasting for three quarters and playing hard the fourth quarter. Or they could have come out played hard the first quarter really put the kings in their place and then just kind of maintain the rest of the game and it would have been just fine. Probably could have even rested some guys in the fourth quarter. Instead, they opted to mess around for three quarters, not really give that much effort to accept Russell Westbrook gave effort in the third. And just make non hustle plays, plays that were just lackadaisical, and then turn it on for a few minutes, turn it right back off and next thing you know, you've got a tie game, heading into overtime. Again, they very much did this to themselves. This is kind of what I was talking about as far as respecting your opponent and playing competitive basketball throughout the entire game. Yes, I get it. The kings are a bad team. You know they're a bad team. They're short their guys. It's really easy for a veteran team to look at something like that and go, these guys are going to roll over once we punch them once. But it's the opposite. The Lakers now have the reputation out there of if you're playing the Lakers and the Lakers get a lead, just keep playing. They're going to give it back to you. That's what all the teams know now..
"triple h" Discussed on Real Estate Disruptors
"Yeah let me go live on a beach and everyone else can just do the job for me. Yeah right that's how it is so And i think has a very fascinating point because a lot of people the the biggest thing they talk about wanting to scale scale scale and before you can scale you've got a masters this process and there's a whole bunch of work involved scaling but we all want to jump straight in to scaling absolutely. What is your superpower. So i think i think what i've i've noticed about myself. This is always been one of the hardest. Everyone always says higher your your weaknesses and fire yours strengths. Right that i say that rank higher for you weaknesses higher for your weaknesses. Double down on your strengths. Yeah there we go And i i couldn't really figure out what my strength was because I was doing a little bit of everything just like everyone starting out. You're just wearing every hat so you think you're just you just have to do it so you have to do it all so i think what i've asked others about is i. Have i think a little bit has to do with the engineering background. But i have the ability to consolidate a lot of complex information and a large volume of it and condense it into actionable steps and create a vision. And a and a. do this. Do this do this. And it'll eventually lead to that instead of And i was developed over time because in the beginning. It's oh my gosh. How do i even get there. It's overwhelming how. What do i do but just condensing it down into that. And just making actionable steps in my mind and then writing it down especially as his big so it sounds like you could up four hundred page thing and simplified at the three of you really wanted to see there you go exactly exactly those skills that you learn right. They late On investing the calling into what was the hardest deal you've ever dealt with.
"triple h" Discussed on Real Estate Disruptors
"Until i mean you can get to him or i can find a reliable second contractor contractors are it's like a roll of the dice so we're we're getting there but as a work in progress is having a good juiciest tough What is your wi. My why I think i touched on it earlier. But it's it's about living life on your terms and not letting your job or your occupation or your need for money to live dictate your life and that isn't an easy thing to unravel it's painful. It's scary. I think failure failures and interesting word. It's like an absolute term It's like a pass fail. You either did it or you didn't right instead When really failure. In my life. Every time i've had a failure it's just catapulted me into the next thing. The first time. I got a second job that i was i loved and i was traveling the world and then the next time when i felt like i had failure. It launched me into into this and so I think treating noses adversity or challenges. Those are words that you can overcome. There's hope Right you don't necessarily it's weird. I think it holds a lot of people back the failure word because it sounds so their terminal. There's no coming back ray. Yeah totally and it scares a lot of people from taking simple action steps right instead of using adversity or challenge. So i i really think if we just viewed Don't use that word as much or at least use it in a different context to where it's positive because because now one of our one of our company core values seek failure. Yeah because we know it's gonna it's gonna allow us to personally grow right. We're going to get better at what we do. I think that's awesome So you're y right more or less being able to do light. Live life on your terms. I look at that with other challenges. You had with your corporate world where your biggest source of frustration was that decisions are made for you right. So do you think is something that's been with you your whole life or this is something that happened after you graduate college after for sure. I was never. I didn't even know that you could do that honestly. I had no idea that you could even do that. So i thought i thought it was just a saving game. I thought it was as long as you can be frugal as possible and save enough money that you can retire early. I didn't know there was another route to do it in What is your biggest drug right now. i would say the hiring I think to one thing with the virtual assistance it's You know you have to hire three or four for every one or two that stick. So that's the time commitment for my lead manager now and the constant reinforcement positively. That is needed. We try to eliminate the word try from anything we do so just like master. Yoda says there's no try. There's just say we tried through limousine drive today. I i heard the i. I even have to catch doing it. That's ironic but in the words of master. Yoda there is no try only do not right so we eliminate that word and we want to and are committed to when we say that..
"triple h" Discussed on Real Estate Disruptors
"And this is a difficult question to answer. If i were to say steve What value do you place on a year of utilizing what dollar amount. So tonight. you're gonna go to sleep tomorrow. You're gonna wake up and you're going to have a dollar value in your bank account. What would that number be. And i think it's gonna be astronomical compared to what mentorship costs and that's exactly. What mentorship does it saves you years of learning the hard way and struggling. And i'm not saying. Get a mentor right away. You don't wanna be asking mentor. You don't wanna be paying your marketing dollars when you're just starting out on a mentor to you. Know what. Liz should i pull. How should i skipped trees. How should i organize the salcom's you don't wanna be asking a mentor that you wanna be asking a mentor. I gotta deal under contract and it's got seven liens Five airs and they're all spread out and they need to close by next week. What do i do. Is this even a deal reich or the high level discussions here on my numbers. What are your numbers looking like. What's your conversion rate..
"triple h" Discussed on Real Estate Disruptors
"Right like how i contributed to this. There are more bought in and your literally helping do that. Yeah every single. Friday absolutely another thing too is You know you invested in your team. So what was really cool. I got to meet your team a couple of months ago as flu monitor all day sales training event to brandon. And i think ryan right There's a lot of people that do that is really interesting. Is that because sales is kind of hard to measure but there's people that are investing team so like you didn't come right but you set your team and they came. Yeah so that was really admirable. Yeah they're able to do that well. And that's how. I i know the value. I wanna keep people around. Yeah i know. A lot of people say that. They're invested in and want financial freedom for their team but are they actually showing it. So another thing we do is every second or third creative deal. So this is either a seller finance ab- too low money down. They get to keep for themselves. No fee no nothing. that's awesome. Yeah that was something that i learned from matthew simmons. Yeah right and we're incorporating same exact thing as well so that's that's pretty cool. Yeah so then. For twenty twenty one. How much wholesaling are you do. How much flipping unit or is it. Just everything's now so we're still fl- Wholesaling about forty percent. Okay so then we flip the other thirty and then keep the other thirty. Yeah and that's a great point So you're keeping three out of ten. Yeah this kind of is hard to maintain that discipline right because we talked about your average profits. Forty six thousand. Yep how do you maintain the discipline to keep as a rental knowing. That is forty six thousand. I think this is it goes into into a discussion about money not having Total power influence over you. Which i think is really phenomenal thing but also i don't wanna see when i see that amount of money in my bank account. It makes me uncomfortable. I don't like it does. It's not doing anything it's making me feel like. I don't really need to work as hard. So i don't like to see huge amounts of money in in my account because it's it's more motivating to not have it there. Yeah so. I mean just as simple as that. Psychologically i think that's a great point because there's another agent my office right at the top producing you know killing it in for him. He's just like he wakes everyday like is broke. The how'd you wake up with. That might say i program that in my mindset to be broke every day because that's what compels him totally to work hard totally and i just hate paying taxes. Why so. And that's the thing to whenever i do a wholesaler flip. I'm losing forty percent right away. Uncle sam goosey exactly. So if i keep it as a rental and i'm cash-out refiling I mean we just did a deal this year where i bought it at two sixty five put. Nothing in and it just appraised for five. Oh four so..
"triple h" Discussed on This is Today
"Three secretary becomes the first horse to win the triple crown in twenty five years. The american triple crown involves three races now any three races. Anyway it's complicated. It's horse racing. What are you gonna do. Nobody takes that away. They do shoot man. This has been a tough season for the triple crown this year. There's the whole bob baffert scandal horses on steroids. Yeah not not cool. Hopefully next year they will have a better season. You know. get back in the saddle. Sorry about that one Let me rephrase that all that better. I'm sorry i won't give you a bad pun. We'll just try to say that next year they're going to make things more stable. Oh yeah okay. They're going to say drugs in. You know what let's move on. Nineteen eighty comedian. Richard pryor suffers burns from freebasing cocaine. Yeah this incident okay. The best place to hear about this incident is actually through his standup routine. Let me tell you a little about what happened. So he had been freebasing cocaine for five days he was also drinking rum. That was greater than one hundred and fifty percent alcoholic. This thing you know he yeah he what he would do is he would light the pipe by sticking essentially a match in to the so that he could catch on fire and they thought he was going to really hurt himself doing that. Al franken came over to pay out with them. Watch some tv. They started watching This thing about vietnam and you know the the monk that set himself on fire in protest to the situation in vietnam. well richard. i guess thought that was a good idea at the time so he poured the rum himself and set himself on fire. No scream was heard i. I'm laughing because i am thinking about him describing this yeah. He ran a mile and a half from his house. He had third degree burns over fifty percent of his body and of course he did survive now. The reason why. I laugh at this. Because i had just watched once again richards comedy routine that happened. Oh man about a year after the incident hilarious. Yes this is tragic. And i should not be laughing but oh my own all man. He makes it so funny. If you've never seen the routine you definitely have to check it out just to do a little google search there. You can see some clips on youtube. I believe the whole thing is also streaming on a couple of different services. I take a look for that it it. I mean it's hilarious. Tragic event hilarious though is what he made it and that is what he did. Best in one thousand nine hundred eighty four on this day cindy lauper. She had a number one record and the song was time after time. Yeah that song was one of the last songs written for her. That came out the prior year and this became one of her signature. Song said was written by cyndi. Lauper rob hyman and they were both dealing with relationship issues with their significant others and it said that those issues were inspiration for the lyrics of the song. I in twenty thirteen. There was a hepatitis. a outbreak. seventy nine people in the us were affected and this was linked to a fruit juice product sold by townsend farms over at costco. And you know what. I'm going to give a big thumbs up to costco. Yes i know it sucks that this happened but manner they on the recalls..
"triple h" Discussed on This is Today
"Podcast that features the stories that make this day unique. It's wednesday june ninth twenty twenty one and i'm russ here's what you need to know about today okay. National donald duck day. No that wasn't just a random. Mickey mouse donald duck reference. It's actually national. Donald duck day. Today so yeah. He deserves his own day. I know he's usually a little upset. A little angry Will they did that because they sort of wanted. A you know an opposite of maki negative imperfect. Let's say someone l. gets upset easily That gets angry. Mickey seems to be always happy. Donald so much but why. Why do we celebrate national donald. Duck day well. Here's the thing we celebrate today however. His birthday as revealed in cartoons is actually march thirteenth. So maybe we should celebrate it then but having it not on his birthday just upsets some more so it just totally fits with the character. So is all good. You know the thing is when you think about donald doug. I think about me without coffee. That's basically who i am once. I have enough coffee within an mickey mouse. I'm all good sometimes goofy Sailor suit the hat bowtie no pants. That's sometimes as well all right national strawberry bar pi day today and sadly there's no world record for this. I know it's upsetting. I usually like to tell some sort of lake. I ate the fastest strawberry. Rhubarb pie rhubarb. Just say strawberry rhubarb pie and yeah There's there's nobody that's set a world's record for that which means it's open so go grab one. Eat it really fast but make sure you like video tape or something so that the guinness folks can see you chow down really fast If you do that and you choke or you get hurt or something. You didn't hear about it on this show. I can't be legally responsible for that Okay so yeah we. Those are the only two days that it is today but this month. Oh man there's a lot of stuff a lot of national celebrations this month of course including its pride month this month and this They picked this month to commemorate the stonewall riots and you know the first parade they say it was in new york but check this out. No there was one in chicago the day before the first pride parade in one thousand nine hundred seventy so chicago actually being a new york to this now. Parades are out what we think about when we think about pride okay. So you know. I'm from san francisco and we think about the big pride fest in the pride parade. That happens every year this time of year. Well this year. No pride parade. In san francisco there will be one held in atlanta on the twentieth at l. a. is doing a virtual parade in new york. Pride fest is on the twenty seventh and in washington. Dc is on the twelfth. Now as i mentioned there are several national months. I guess you'd say national months. How we say this national celebrations this month. National caribbean american month. National country cooking month national dairy month national great outdoors month.
"triple h" Discussed on The RCWR Show with Lee Sanders
"And it just really you know it really just i get fans that were pretty pissed off by this. I wasn't at the level of being pissed when this moment came about i was greatly disappointed because i couldn't help with say to myself man. You know okay. It's well established at wwe ultimately won the monday night war. We get that in everything but do we really need to go in this direction. Where i we're gonna have stink. You just follow that story line that was laid out to leading in the wrestlemainia and this felt like a foregone conclusion that staying was going to win. It just felt that way so the fact that it went opposite and to his credit very vocal Over the years of course he tried to stay on that company line while he was still doing business with wwe and everything but now that his time and all that is officially done yeah he. He definitely looks at that particular moment as that's definitely not how he had envisioned it. You know for him. No business is business but that definitely rub him the wrong way triple h in later years. Hey was that the right decision that we should've went with probably not but at the time we felt it was the right decision right direction. We should have gone in no matter what it was still a bad move. Some people look at this as a burial. I look at it as a huge creative misstep. But you still can't help but think about that particular moment about zack. ryder back. When zack ryder was doing his thing with that nice created internet title in all that. Zack ryder seem like us really going places wants a time long ago once upon a time long ago seemed like he was really starting to go places had that nice youtube show long island story and all that but upon crossing paths with triple h that pretty much just put all of that to a screeching fucking halt and the particular moment that i'm talking about you had a moment in the ring where triple h in storyline had zack ryder. Coming off like be alternate fucking fan. Boy for superstars. Because zack ryder couldn't believe he was sharing the ring With triple h and he wanted to take a selfie and triple h came off kind of you know yeah yeah and then gave him a fucking pedigree.
"triple h" Discussed on The RCWR Show with Lee Sanders
"Regain that momentum. It took him fucking months. Where else do you do. You go as far as As far as burial of triple hd maybe dea maybe go say wrestlemainia twenty five. Do you maybe go with randy orton. Believe it or not randy. Orton was even buried by. Triple h randy orton back. Then remember i mean he was. Just god randy. Orton was bringing the fucking fire back. In the day. I mean he was going tit-for-tat with triple h right down to the point. Think about this. Think about this other. There randy orton. How many other guys do you recall in. Wwe history from the moment. That triple h steph got together. How many other guys can you recall. That kissed stephanie. Make sure everybody remembers the. Fm is kiss. Eric bischoff stephanie mcmahon. But to my point the list is very very short. You'd be lucky if you re even able to pull five names out of your hat sense triple agent. Stephanie have been together and as far as guy is in story line. That was kissing all up on. The list is very very short and randy. Orton was put in that position where he kissed. He has stuff in the pissing. The fuck auto out of triple h punning. Vince mcmahon about the. Oh my god punching the shit out of his His father in law and everything. I mean randy. Orton was just on a fucking role Back then i'm a you just couldn't fucking touch him and yet and yet he was pinned by triple h one title a month later at backlash in a six man tag match at that point you know you can make the argument that what was really banging in going on good. There were randy orton yet. Triple h to essentially Blame for that. Here's another burial. This wasn't exactly this wasn't exactly I think i think it really depends on how you wanna look at this one. But if you're asking me. For my honest opinion. I i would say piss poor bookie one that always stands out to me and is at the very top of my list by the way. I'm not giving this to you in no particular order but you look at triple. H and stain.
"triple h" Discussed on Mouthpiece Wrestling Podcast
"Zone about sable and sunny with basically wherever nothing. We've legion of doom. And it's like bob like you don't want that in today's like people that one that i remember what she did back then and seventeen year old may would've done anything for that version of sunny but this day and age people. Just wait too sensitive to it. So it's very confusing. When i see people that oh my god peacock editing. Everything like well. That's kind of what you won't you're not you're not going to be able to watch it because he is. He's really hard stuff you know it's real trash is trash tv that the time was amazing. You watch back now and you watch it through your fingers you like. Oh my god what the hell am i watching. It was grim. Be back to the holiest molly gated deserved again. Got shade homes but serena hurricane to boxing bella twins now this one though people could play about the bella twins come on now. You can't complain about the benefits again. Donald lots to the women's division. Whether you say don't a lot. I mean a lot. And as businesswomen women like the brand. They've pushed off and given other women platform for like with all the total. Bella staff the diva staff. I mean they at the time they did a hell of a lot and they got so much better. Like if you watch early bella stuff. You're like oh crap whereby watching but they actually become half decent. I mean nicky become very very good. Yeah now you can't complain about that. Obviously we just touched on. Nwa guarded the leisha game putting. Obviously i'm assuming full. He's more of his. Wcw stuff british bulldog is getting. Do you think that's a good step at many bridges with mrs allen. How we vote no because she has nothing to do with any of that. She doesn't talk in the heart. Family ties. I think this addressed it something that they've been pushing for a while and it's a it's finally happening again fully deserved i just i get while she's mad like a do not want to take it but she needs to at least have a branch to have a conversation. I i don't know. Because i. I watched tease european championship matches. Say not yet with triple h great notch greatbatch at a time when experienced in hot was helping triple h become a thing with china and stuff you know when she was handcuffed to sergeant slow chess.
"triple h" Discussed on Mouthpiece Wrestling Podcast
"You know, it was all about sable and sunny with basically wearing nothing with Legion of Doom and it's like come on like you don't want that song today's like people that want that I remember what she did back then and at seventeen year old me would have literally done anything for that version of sunny, but stay at age people just way too long. So it's very confusing when I see people like, oh my God peacock, you're editing everything and like well, that's kind of what you want. You know, you're not going to be able to watch it because it is it is really hard stuff. You know, it's real trash. Your rate is trash TV that the time was amazing, but you watch your back now and you watch it through your fingers. You're like, oh my god. What the hell am I watching? It was Grim. But yeah back to the Hall of Fame list, Molly. Holly Gaiden fully deserved again not being shame that that puts her in that right. But we have hurricane. But to Bella twins. Now this one though people complained about the Bella twins. Come on. Now, you can't complain about the veterans again off for the women's division whether you say that you don't a lot I mean a lot and as businesswomen like the brand that they've pushed off and given other women platform for like with all the total Bella's staff that Diva stuff. I mean they at the time they did a hell of a lot and they got so much better off you watch Journey Bella stuff you like? Oh great. What am I watching? But they actually become half-decent. I mean Nicki become very very good. Yeah. Now you can't complain about that. Obviously. We just touched on any thoughts regarding jushin Thunder liger getting put in obviously. I'm assuming for his more of his WCW stuff. British Bulldog, he's getting do you think that's a good step at mending Bridges with mrs. Owen Hart with British Bulldog? No, because she has nothing to do with any of that. She doesn't talk, you know her family. That's why I think this is just it's it's something that they've been pushing for a while and it's a it's finally happening off and again fully deserved. I mean, I just I just get why she's mad like I do not want to take it but I'd say that she needs to at least have an a branch to have a conversation. I don't know cuz I mean like I watched these European Championship matches to say 98 with Triple H. Great match great great life time when experience their own heart was helping Triple H become a thing with China and stuff. You know when she was handcuffed to Sergeant Slaughter. That's just amazing..
"triple h" Discussed on Riders Lounge Podcast
"Because i've done a few big ones Back hundred percent where you could possibly haw sought it on a debt landa Land advise on things and just rotter concern grew really yeah Of even saying saying god through three sixties to iraq land Comeback little bit little bit crooked and just out of luck. It's it's pretty incredible highlight works so it's definitely an conference. I could actually like you. Make me wanna go rodney. Because like i only brealey. Like i never really did macho with whips until like the last couple of years at all your auden and always really into my thought. I was jared mcneil. I thought all upside down. And you know and i thought i was doing turn downs tile awake but that ada Because although i think. If i if i'm coming in forty five degrees this is gonna hurt but sarah's like sounds like there's a bit of confidence building probably wouldn't be good gonna dote again another thing. Which which these awesome about them to is each rod. You can ride the thing all day and sometimes if you if you have a big session readings in the dirt. Linda towards the be a little bit soul. You know you your arms your legs or your back just because you paying us being smashing it'll whereas on the tell me about it another thing you really israel you know. It was really awesome. The bag land. You can kate manning in because she started smooth suspension. As i said it's bailing compressing walk at the lander is taking everything so you can have a massive eroding that in in hate and everything and you just feel fond towards the end of the day. So that's another thing which is really cool. I'm sure you could draw them. Five is away and you just be. He'd be swayed so that's definitely a cool thing. Well do you reckon. They've got the durability to be ridden five days a week every week. Full us on in like eight. I'm anxious at travis house He has bagged jumped Big square airbag. That you practicing doing a think he. I think he's addy's he's was the first one..
"triple h" Discussed on The Swingman Podcast
"Yeah i'll agree as well i'll i'll i'll never the often collide them getting the Will it's just. I think we will agree. That donovan That's introspective dhiraj. In these very apply. Lucca multi last. Just not him really. He's been shooting a female this season. If you've re two point two game up from zero point fall Shooting them for a four percents. Doesn't that baffle you. The such a good mid shoot these absolutely couldn't from that little bit around. I at least he's whenever i hear that whenever hey some thirty two T full anything in that range. Always think as you call do it. Well they can't ignore you at the same time which is oil. Which is the minimum. He needs to be so he can keep that up in the soviet so often the goal of making pie or even play in so hot in west Is even the grizzlies I think they went not four info without the staff so which is pretty impressive to be fixed in a jaren jackson. Justice wins the free jazz. And i looked pretty good in that win yesterday. They beat the sums devon booker in south florida ball themselves. Devon book applied the worst lease. I'm sorry that he hasn't been very good. Actually always been hof aches but not to leave. We was lawsuit is not. He's not been he's been doing it. But i mean yeah. So just in terms of the spurs. I mean when you look at the western conference this in fifth now but kind of when you look at change below them portland. Golden state dallas denver. Pelicans your the rockets are tank. These teams the star of the other being around them. And i mean one want to kind of move onto anyway Not a a resurgence or anything. Like that i mean the golden state. Warriors have off steph curry to be. Mvp this year I have my reasons A healthy the reasons. Why won't happen light outs. Meanwhile you too well. I won't be high enough. Listen this steph curry. And he's not been the best player in the league this year. He's been very good. I think you can put me on that one A guy and we'll tell you where he's he's not he's not literally but yet he's he's he can very good for the launch and absolutely let a comeback against isis Lakers last night in which pulled off an unreal. Move on unsee davis scorcery. Let's be honest. Though before we jump into the warriors a bit more. i would like to add. The life is completely choked. Absolute choke but you kind of you have to be there to take advantage of the hundred degree to make that clear they will. The warriors come but it was good complete. Lebron and lebron doing as well and this is kind of my main point and this would be signed that we out for the week the noticeable difference i've seen from watching the warriors last stages of the last few weeks in crossings of the stall season was the return of drywall..
"triple h" Discussed on The Swingman Podcast
"I don't think they're in taupo contention now how will say that. I don't think you can win. A taught will benson john embiid because just saying that works and works well enough together. simmons postseason. Difficult is a well documented. And yeah. I wouldn't want to build on. Hit him on johnny because he averaged twelve points if he if he can actually prove to me it can be sort of like a go to scorer them. That might be out considerate. Mobile mago place. Any pressure on the defense. He hit what he does right. it could be. you can draw to the boston. Inevitable is the boss eludes a looks pasta every single time. It's just incredibly frustrating. Unlike sets in laka oh it can be yannis if he develops in the company's louie. Louie louie louie. We're gone for the times mirror off. Just wanted to also the last thing i just want to say is things at how in the last ten games lamelo ball was progress. More than ben simmons housing four years nano. It was loud things. Nba toyota bally's draw. But whilst that you can put all of these stuff yes isn't as aggressive as he should be when he got his boss considering Thousands paid yes. He isn't sure he shouldn't have been more. Visually is also now to three right but he's effort on the defensive end from four years ago is completely changed. Is a genuine defensive. Probably conduct most seasons are gonna say he needs to be more aggressive. Yes but that's He's helped raise pain really good defense and not averaging ten points a guy is alumni. I mean a winning. The chill out by saying personal opinion quickly follows a fifty fan. I would have wanted it. Tappan as much as i think. Ben simmons is a fantastic pile all the holidays just another level of attention. He puts you in. You're going to happen. Because there's no way rookies undershoot daryl morey and then next deal you'll know detroit was never happy embiid own top. It would have probably not happen. Just because the go inside of the rockets would have been an absolute mess. If i'd have ended up with hard maury maury maurienne mccown when a chat anyway moving on. I know you wanted to talk about talking about tanking teams earlier. Stoke about washington wizards then all tanking brady bill russell westbrook at home a few smart as if you bake it for big lansner opposite side you mentioned that you wanna talk about bradley beal in In this fall casa before mainly because he sold lot now becomes the primary the every team lot who wants to slightly improve Massively imperfectly average about thirty points again. Lot look to now is like is the next guy's gonna get in demand to try. That's that's why. I wanted to talk about it really because like i haven't played in. I think fahd games at postponed. Nevada cough you environment drivers who have assad met but they looked really really poll And if you know russell west bringing him russell. Westbrook was obviously win. Now move try and get in the playoffs. Keep bradley happiest..
"triple h" Discussed on The Swingman Podcast
"Deploy six men but that was many years ago. He's six like a good six five six years of being like everything runs through him and offing. There will be lots of per- lot may a conflict of the world on like disrupting traits. That the yeah that he is developed over those couple years which is going to have to give up eventually. But i mean when it comes down to is this if that ambience happens la lakers She's gonna be offense defense. I think stoop like his to win. Four games against him. Bail certainly be affair. There's so much firepower on that nays. Acc honestly insane. And i do think there will be issues between alderman kyrie mining because it's not just as simple as give given the bowl up to the other person for for giving him a cici's i want the ball in the hands nearly all the time so it's a very difficult thing to work out. I mean you look at any can be worked out because you look. At the rockets law share with russ in harden a few spells. They were playing well together. But it's one thing to play cover exist decently. It's another thing to actually enjoy and want to do it as well so back and once the saku fights come in you know that you maga some things star on agreements things out. I'm just speculating here. I think that's more the issue but at the same time there is always the argument. The great players will will figure out the end of the day. And it'll be interesting to see. That's that's the thing i'm seeing more thinks figure out nella. We get the one thing that would be quite interesting. I mean i kind of like jokes about when the tribe is happening the nets khanna. Just need to go out and try Cari to the wizards for russell westbrook galaxy together genuinely think if we now the trade deadline cari comes back in this team many cells in the near fine if he pulls another stunt before the trade deadline of gone away and we still don't know why he's left or why dissipate for however many games i think they'll be genuinely a strong chance at the broken. That shit cari of and try. I get something back for him. I mean you still got tom. But you navigate another good old stoplight. Oh you can get on picks back. But i don't think they're going to want to go into the season. 'cause there's no mistake about now i mean one. James tribe is might to a page kevin durant in free agency when it comes up for his new contract but so there mode absolutely..