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Cyber Security Weekly Podcast
A highlight from Episode 377 - Artificial Intelligence and Operational Resiliency
"This is Jane Lo, and I'm at the Global Resiliency Federation office here in Singapore. And with me today, I'm very pleased and very privileged to have Mark Orsi, who is the CEO of GRF or Global Resiliency Federation, all the way from United States of America. So thank you, Mark, for your time today. Thank you for having me. And so Mark will be sharing with us the latest in terms of artificial intelligence, which is causing a lot of excitement nowadays, as well as the operational resiliency framework, which has been developed by GRF over the last year or so. So Mark, you know, give us a brief introduction about yourself and also GRF and what, you know, the organisation does. And I also understand that you're very passionate about AI. So tell us about the history of your career as well. Sure. So I started as an aerospace engineer many, many years ago. And after aerospace, I was in computer science and I was working on computer vision. So it's really been interesting to see the journey until today. But additionally, so the last 15 years or so, I've been in the financial services sector primarily and technology risk and cybersecurity. I worked at Goldman Sachs for about eight years, KPMG for a few years, JP Morgan for a few years. And then in the past four years, I've been at Global Resilience Federation and we're a non -profit. We manage and support 17 different sharing communities. ISACs, which are really information sharing and analysis centres, they're collective defence communities where organisations join together to help protect themselves against the various threats that are out there. And of course, you have your conference later in October, later this year in Texas. Yeah, Austin, Texas, October 11th through 12th. Anybody who's local or who wants to make the journey, please come. We also have an OTI set conference on September 6th coming right up. More local. But yeah, it's an iteration of it, sixth year running. And it's security and third -party risk. So we have practitioners, CISOs, third -party risk practitioners, business resilience practitioners. And we have a whole track on AI security. So we've worked for the last six months with 20 organisations on two papers. One is a CISO guide to AI security and one is a practitioner's guide. So let's start with AI, which is what gets people excited nowadays. So tell us, you've got a great vintage point from America, which is a leader in many ways when it comes to technology and innovations. So what is the conversation like in terms of the business use cases that you see in America? Sure, we're coming from a cybersecurity and resilience perspective. And so I was on a call, it was about a week and a half after ChatGBT was released in November of last year. A hundred different chief information security officers on the call, really all concerned about maybe business forging ahead without really taking any security considerations into play. But also about some of the major strengths that they could, how can we use this for good as well, right? How can we use it to find vulnerabilities? How can we use it to secure our code? So an example is one of the organisations had been using a tool like it to actually rewrite their code base and translate into different language, which added memory management to their code and then translate it back to the original language. And they were also using it then to multiply their developers time by tenfold, because they didn't have to write the test cases and additional code around developers. So there's plenty of benefits to it and there's plenty of risks, right? We need to think about the whole pipeline, whether we have in -house AI models or whether we're using third parties, there's different kinds of risks that we need to consider. There's also been a lot of talk of using AI large language models to do predictive diagnostics in healthcare, right? And GRF, of course, you have more than, what, 20 member organisations? It's 17 different ones, yes, 17. And one of them is Health iSAT, right? So talking to your member communities, do you see a difference in terms of the pace of adoption in terms of using AI? Yeah, absolutely. And so we worked with 20 different organisations, including some healthcare, some manufacturing, some energy and others, to put together a guide on AI security, both the practitioner guide and a CISO guide. And yes, there's different pace of adoption. There's organisations that have been using machine learning and AI for many, many years. And but with the advent of this generative AI, there's just a tremendous amount of concern and the pace of change is much more rapid. It used to be every year you'd have change and now it's every week. There's new things happening. So of course, artificial intelligence is not new in cyber security. How is this latest innovation of using large language models, how is that going to be different in terms of adoption in cyber security? I think you mentioned a few sort of like... I think some of the power of it is that ultimately, if you think about the resource limits that we have, there's always constraints on the number of resources that are available that are cyber focused and cyber educated. And so for us to take the power of some of those large language model generative AI and sort of multiply the efforts of the staff that we have, then we can also meet some of the needs that we have from a resource perspective. Also, I think ultimately we're going to get into very targeted threat intelligence to where it'll be based upon our own assets. So if you're an enterprise and you have specific assets and you have specific threats in your sector, then the intelligence that you're delivered would be very targeted to your organization specifically. So it's going to get much more powerful over time to give you tailored threat intelligence. Do you think that the rate of adoption on the cyber defense side is possibly faster than how the threat actors are adopting... Yeah, I mean, that's a big concern, right? I think probably we'll be behind the curve. All right, okay. I think there was even talk early on about just pausing the pace of developments, making sure that we have the regulatory framework so that we know how to do this ethically and responsibly. So I think from a machine learning perspective, we could be doing very well, but I think from a generative AI perspective, we may be behind the curve a little bit. So I think the complexity of attacks, I think we'll be putting essentially nation -state tools into every threat actor's hands. So I think it's a very sort of concerning few years as we work to try and match the pace of change. You think that is something that is quite realistic that will happen, or is it just kind of like a hype? Because there's some part that human developers or human threat actors are possibly a lot more sophisticated when it comes to developing the malware code. And you can kind of tell the difference between one that's generated by generative AI and one that's written by human developers. I'll give you an example of just a very personal use case. So I was working with my son just a couple of weeks ago, and we found an old Nintendo DS. And so he wanted to run videos on his old Nintendo DS. And so we used ChatGBT to learn how to hack into our Nintendo DS to make it display videos. So he never had any programming experience, but we were able to do this. So this is exactly what I'm like, you know, we can put these tools into everybody's hands. So how do we, you know, we need to be extra vigilant as this change happens. So what do you think is the immediate step that cyber defenders have to take in face of this threat? Well, I think there's a few things. Number one, we need to be moving forward to be using it in the right ways, to be using it from a defender perspective. So if it is helping us to find vulnerabilities quicker, if it's helping us to develop threat intelligence better, that's more tailored towards each individual organization. But also just from security and ethics perspective, there's all sorts of different attacks that can happen to those, whether it's on the input data, whether it's in the model itself, you can embed undetectable backdoors in these models. So if you're using a third party to develop your models, you need to be very concerned and maybe even have multiple models to compare the answers. Now, some people also say, right, let's just get the basics right, right? So for example, we'll get more sophisticated phishing emails, right? So that just means more awareness in terms of how to spot a fake email from a genuine email. So that's kind of like the basics that we need to sort out. Yeah, but it's also addressing all the different aspects of that. You know, I mentioned the models themselves. So protecting the models, protecting the data. You don't want data poisoning. You want to detect and monitor these things because they may evolve over time. And you need to be really concerned about your third parties because every third party is going to be introducing AI. So we talk about an AI bill of materials. So the same as you have a software bill of materials, we want to think about how can we develop an AI bill of materials? So how can you ensure that the training data and the model that's being used, right, how do we know which models we're using and which training data is being used? So if we find an ethical bias or we find some, let's say it was trained on a set of a code that had malware embedded in it or a set of code that had logic bombs in it, you don't want to embed logic bombs in your new code that you're writing by using these tools. So we need to make sure that the training data is clean. For example, let's just take the example of data poisoning, right? So that is perhaps, you know, looking at how you provide access levels to your data set. So it's not any difference from sort of the basic cybersecurity measures, right? Right. It's using some of the same constructs that you have across others. But one of the things that you need to be concerned about too, though, is these are dynamic, some of these are dynamic models. Right now, it's a very static world. We have these models that were trained in, you know, 2021 data, right? But in the near future, these things will be much more dynamic and actually responding to the inputs to change their behavior. So you'll need to be monitoring. Yeah, that's very different. Right, okay. So I think one final question on the copy of AI before we move to operational resilience framework. A lot of people say, right, AI is going to mean, you know, perhaps job losses, right? And how do you see that playing out in the cybersecurity field? So I'm, you know, concerned in general. I studied AI 30 years ago. I was concerned about it then. You know, I thought the first sort of impact would be with self -driving cars and in our transportation industry. I think it turns out that, you know, these models advanced very quickly, maybe quicker than people were expecting. But it's going to take a very long time for us to sort of digest that through all of our business models that we have right now. But I think it's going to multiply our efforts. I think cybersecurity is an industry where we're very resource constrained, where people, there's way more cyber resources are required than we have people. So it'll just multiply our capabilities and maybe meet the needs that we have. So I think that's a very positive thing. Ultimately, I think our economy will be changing in the next decade or two decades in different ways. And I think we can only imagine what those changes will be. Right. Okay. So talking about overcoming some of these challenges, it means like resiliency, right? So that plays into the next topic, operational resilience framework. So tell us what this resiliency means in the context of this framework and perhaps cybersecurity. So back in 2018, there was a paper from the Bank of England. So regulatory guidance on operational resilience and impact tolerance. And so it was really thinking about the potential systemic impacts of bank failures on customers and partners. And so the question was, well, how do we respond to that? What are the things that we need to do to ensure that we can continue to operate our critical services through a crisis, even if it's an impaired state? So we, Trey Moss, who is the CEO of Sheltered Harbor, it was an initiative from FSISAC to help protect consumer data. So if there was a bank failure or a bank disruption, you could still access your bank account information. So it would prevent sort of a run on the bank or this systemic impact from it. So we took that concept and Trey was always thinking, hey, we probably need to do more than just protect this little piece of data. It was in a distributed and immutable way that the different banks and the standard format that different banks could access. We need to also prevent the bank from failing its critical services. So we were working with him, Bill Nelson, who is the CEO of FSISAC for 12 years. And he's our board of directors. Trey and I, we met for about a year to say, well, what should we be doing beyond just protecting this little piece of information? What are those critical services that we need to protect? And we need to make sure that through a crisis they would operate, even if it's an impaired state. So we developed a path to operational resilience. We worked with 100 organizations and financial services regulators to develop a very simple path that was meant really for every industry, not just for financial services. And so it's a path of seven steps, 37 rules. We tried to make it very simple. It's aligned to NIST and ISO standards and extends existing business continuity and disaster recovery type standards and frameworks. It takes a holistic approach and really looking outward instead of inward on saying these are internal business services that we need to keep running. Those we call business critical services. Operations critical are those things that your customers and your partners depend upon. And so making sure that those continue to run through a crisis. If you have a wiperware attack, you have a ransomware attack, you have a data center fire, you want to make sure that your customers' critical services continue to function through that crisis. So take an example of, say, a ransomware attack. So attack ransomware hitting one of these industrial organizations, right? So how would this resiliency framework help, you know, plug some of the gaps? So what's interesting is we've done this very much from an IT focus. We want to extend it to an OT realm as well. So we'll be working with OT ISAC and manufacturing ISAC late this year, early next year, and we'll set up a working group to do that. But actually one of our first scenarios that we put out there, it's, you know, freely downloadable from our website, grf .org, is a scenario that we call it ACME pipeline. And it was essentially a replication of colonial pipeline incident to highlight the benefits of an operational resilient framework approach. And so we looked at, you know, what are those critical services from a pipeline? And it was really just delivering petroleum. So there are a bunch of regulatory responses they have to have. There's payroll, there's all these different systems. When it comes to what do you actually deliver to your customers and your business partners, it was just delivery of petroleum. So making sure that they could deliver petroleum through that crisis, if they had a ransomware attack or a wipe away attack, what are those things they needed to do to ensure, even if it's an impaired state, how do I deliver that to my high priority customers and my low priority customers and designing so that let's say I could only operate at 80 % capacity. Can I still provide service to my low priority customers or do I need to only provide service to my high priority customers? So understanding at what point do you cut off service or do you are you going to disappoint some people because it's no longer a service to them. Designing that into your system and pre -planning that is part of this framework. Right, yes, yeah. So it's kind of like looking at from a sort of a consequence perspective on the mission factors rather perspective than start from the asset inventory kind of that traditional. It was interesting, I was hearing some of the same language that we were developing over the last two years coming from the OT experts on the panels as well about exactly that, about operating through a crisis, about the mission critical functions. Right, okay. So we just talked about one scenario which is ransomware and you are looking to sort of, I guess, expand to different types of scenarios to try to help organizations assess where they are in terms of their maturity when it comes to resiliency, yes? Yeah, so it really doesn't matter what the type of attack is, right? And also I think one of the concerns, we've been very sort of IT focused and very much we talked about the data and making sure that it's distributed and immutable, but also from a service perspective. So you want to make sure that you can deliver those services. That's right. Whether it includes manpower or whether it includes just technology. So that's very important. So what are the next steps then? So you say that the efforts started in 2019, yes? There's two active working groups right now. So one is we're developing a maturity model. We're going to release the next iteration in October of this year at our conference, which is in Austin, Texas. So not local. But so the next iteration will come with a maturity model, some of the comments that we've received from multiple industries, and we're still actively seeking, we want to make sure it's a cross -industry approach. We also have another working group focused on a scenario that's in the financial sector. So in ACH payments network disruption, ACH is, you know, domestic cash payments are made through this ACH network, and it's $76 trillion a year. So it's a very significant system. And so what would a disruption like that, how would it impact banks? And how should we be thinking about operational resilience in that scenario? So working through that, we'll probably do an exercise in November of this year, which would be open to many banks to have that discussion. So we'll be looking at the next steps. Like I mentioned, we'll be looking to extend the framework to OT, ICS concerns. And we'll be looking to, you know, develop the third iteration and additional scenarios. So what is the first thing that organizations have to do if they want to adopt your framework? So they can go to our website now and freely download it. It's available. They can actually review it and give feedback. But also think about how they can use it in their organizations, right? What some in major banks, they're using it just to develop training materials. So organizations, they're different business units across the globe regionally, and different business units can consider operational resilience and how they work. So I think it's a really good learning tool. And ultimately, as they implement it, the first steps are, number one, we build it upon the baseline of NIST and ISO standards. IDLE, change management, making sure they have core standards, core practices in place, core controls, and then naming an operational resilience executive. So really getting somebody who has visibility across business and technology. Yeah, a champion of it, who can sustain it through organizational change, right? Who can really have some power and authority to implement it. That's really important. And then you can start walking through the framework and doing the things that are necessary. It'll take investment, it'll take some work to really become more resilient. And so we're working on the maturity model as well, so people can evaluate sort of where they are and where they think they might have gaps. Can they participate in one of your working groups so that they can assess to see how they can practically use it? Yeah, they can contact me. No, happy to have that. Happy to have people reach out to me and contact us. Again, our website, grf .org .org. And yeah, we're continuing to develop new working groups and new sector focal points. Our goal is to make the whole ecosystem more resilient, to figure out how organizations can do that and to contribute to security and resilience in any way that we can. So this is one way to do that. Possibly there's a way to incorporate AI element, the latest generative AI element. I would love it, right? I love it. I mean, that's a real passion of mine from many years ago. So it's great to kind of see it finally come into play. And we just have to address it in the right way and with the right security concerns. So, well, Mark, thank you so much for your time today to talk to us about generative AI, as well as operational resiliency framework that GRF is developing. So thank you very much for your time. Thank you. Thank you, Jane.
Masters in Business
Fresh "Two Decades" from Masters in Business
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Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1401: FIDELITY: Bitcoin Will Hit $1 Billion Per Coin By This Date
"In today's show, we're going to be discussing Bitcoin ignoring the CPI and FTX as the price action hit us a September high of $26 ,600 as the bulls are back in control. We'll also be discussing the court approving the sale of FTX digital assets, meaning the assets will be sold off weekly with special handling for Bitcoin and Ethereum and insider affiliate tokens. Also breaking news just in, Congressman Tom Emmer launches an anti -surveillance state act with 49 Republicans in a new push against CBDCs, central bank digital currencies. Also the SEC chairman Gary Gensler says crypto is a field rife with fraud, abuse, misconduct. It's daunting. We'll also be discussing breaking news, $800 billion asset manager Deutsche Bank partners to offer Bitcoin custody for institutions. Let's go. It virtually means that the bank can now hold crypto directly for its clients. Also in today's episode, we'll be discussing, can the Bitcoin price achieve fidelities? $1 billion price target by 2038. That's right, the $4 .5 trillion asset manager is predicting that one Bitcoin will eventually be worth $1 billion per coin. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. With that being shared fam, welcome to everyone just joining us. This is pod episode number 1401. So let's fricking go. Today is September 14, 2023 and the crypto market is back in the green. Shout out to everyone out there in the live chat. It's good to see the entire Bitcoin fam. So yeah, let's kick it off with our market watch. As you can see, Bitcoin is trading back above $26 ,600. We also have Ether trading back above $1 ,600 and virtually most all the major cryptos are in the green minus BNB barely in the red. And checking out coinmarketcap .com, the current crypto market cap sits just north of $1 trillion with $28 billion in volume in the past 24 hours, but the Bitcoin dominance at 49 .2 % and the Ether dominance at 18 .6%. So yeah, checking out the top 100 crypto gainers of the past 24 hours. We have Axly Infinity leading the pack trading at $4 .73 up 11 % followed by ThorChain up 5 .5 % trading at $1 .65 followed by Conflux up a modest 5 % trading just above or I should say just shy of 12 cents. And checking out the top 100 crypto gainers for the past week, we can see virtually everything is in the green minus a handful including Scamcoin FTT down 5%. Axly Infinity leading the pack here as well up 12%. And as you can see, the alts are pumping. That's what's up. How many of you took advantage of this recent price dip? Let me know. And how many of you are gonna be hodling into the next Bitcoin halving, which is roughly six months out around the corner. Holla at your boy chat. I appreciate the interaction. At the end of the show, I'll be reading everyone's comments out loud. And how you doing today for Christ's sake? Holla at your boy. Don't be a stranger. And with that being shared, now let's dive into today's Bitcoin technical analysis. Check out the charts and what is popping with the King crypto. Here we go. Bitcoin hit new September highs after the September 14 daily close as markets digested macroeconomic as well as crypto. Industry news, which you can clearly see here in the Bitcoin one hour candle chart. Now data from Cointelegraph and TradingView tracked the Bitcoin price highs of 26 .5 over on Bitstamp and Bitcoin had shaken off the higher than expected US CPI the day prior, which we covered here in the show, maintaining that 26 ,000 support. Subsequent confirmation that the defunct exchange FTX had received legal permission to liquidate its remaining assets likewise failed to dent Bitcoin's comparatively solid intraday performance. And a little later in the show, I'll be sharing that ruling directly coming from the courts in regards to the FTX assets being sold. Now coming up to the range highs and once we flip these levels, we can look to finally get into a safe position and long since popular crypto trader, Crypto Tony and fellow analyst, Dan Crypto Trade suggests that the overall Bitcoin market dynamics have changed versus the period of weakness seen around the monthly close. Quoting this gentleman here, market feels different this week. The dips are being bought up relatively quick and while the price keeps sweeping highs, it keeps crawling itself back and leaving the lows untouched. The spot bid is also stronger than the past few weeks, might be wrong, but I am optimistic. Let me know if you agree to disagree with the analyst and additional analysis predicts that the longer term Bitcoin price breakout should US regulators approve a Bitcoin spot ETF or which we all know is inevitable over the coming months. He also says that BTC .d is still holding on the previous range high, which is the Bitcoin dominance chart and in the CHOP region, but ultimately says, I think this would go higher in case of a Bitcoin ETF approval one day. Yeah, that's right. They can only push it back and delay it for so long. I believe the next day they have to acknowledge it is in October and more than likely Gensler and the SEC is gonna push it back till next year. That's just my two Satoshi's. Let me know your thoughts, fam. Now more cautious was Trader Sku who referenced the on -chain volume prime to cool once more after the relief rally, quitting him here. The daily structure looks fairly good here and decreasing volumes. So could definitely be looking towards a relief rally before lower as the commentary read, noting the Bitcoin was still holding the key 25 ,000 level. Now with Bitcoin up just 1 % month to date at this time, Bitcoin is nonetheless on course for its best performing September and years. As we know, it's usually September, pun intended. According to data from monitoring resource CoinGlass, the last time Bitcoin gained in September was all the way back in 2016. That's like holy moly, seven years ago, fam. That year was its best on record at a modest 6 % while its biggest red September bear month was two years prior when it lost a whopping 19%. Talk about total bloodshed, right, fam? Now in 2022, Bitcoin shed 3 % before climbing another 5 % in October, which is a popular month amongst the bulls who informally referred to it as Uptober. So hopefully, God willing, we have another Uptober here right around the corner as we're already halfway through with September. With that being shared, fam, let me know your thoughts and outlook on the current landscape of the crypto market. Do you feel we're likely to correct lower or do you think we'll continue rising back towards that $30 ,000 level psychological resistance? Let me know, chat. And now let's break down our next story of the day and discuss the latest judgment coming from the courts regarding the FTX asset sales. Here we have it. This is just in, the Delaware Bankruptcy Court approved the sale of FTX digital assets. We have Judge John Dorsey who made the ruling at a hearing yesterday, September 13th. Major changes were made to the draft order authorizing the sale the previous day. Now as you know, there's been a lot of FUD of people talking about all the assets, billions of dollars worth of crypto is gonna get dumped and it's going to wreck the market. Well, there are some caveats, so it's important I share them here. FTX will be allowed to sell the digital assets excluding Bitcoin, Ethereum, and certain insider affiliated tokens in weekly batches through an investment advisor under pre -established guidelines. There will be limits of $50 million for the first week and $100 million in subsequent weeks. There will be an option to increase the limit with prior written approval of the creditors committee and ad hoc committee or to raise the limit to 200 million weekly with the approval of the court. So they can't dump it all at one time which is good for the bulls, right? Now Bitcoin and Ether and insider affiliate tokens can be sold through a separate decision by FTX. After 10 days notice to the committee and the US trustee, the US trustee is appointed by the US Department of Justice. Now I'm curious what those insider affiliate tokens are. If I was to guess, I'd guess FTT, that scam coin, Bankman Fried created out of thin air and I'd also throw Solana in there, but what are your thoughts, fam? Let me know. Those sales will also be conducted through an investor advisor. Information about the sales will be subject to professionalize only and confidentially restrictions with a redacted version accessible to the public. The sales will be subject to written objection by the committees and the US trustee. And in that case, the sales will be delayed until the objections are overcome or the court orders a sale. Quoting Bak Ubu here, FTX adapts crypto sale plan to address the US government concerns. FTX, the bankrupt crypto exchange is making changes to its proposal for selling billions in crypto assets. That's right. And I just broke down ultimately what you need to know. The conditions on the latter sales were added in the draft submitted September 12th, a couple of days ago. They were regarded as cautionary moves to ensure the market stability during the influx of FTX assets. Some observers noted that the sales will represent only a small portion of the trading volume and may not have a heavy impact. But according to a recent shareholder update, FTX has $833 million worth of Bitcoin and Ethereum collectively. FTX can enter into hedging arrangements using Bitcoin and ETH with the private approval of committees and can use them for staking according to the guidelines. The FTX token, as we know, is FTT, cannot be sold without further court authorization. Well, good for them. Glad to hear they're not authorized to sell their scam coin and dump it onto the market. That's definitely a good sign, wouldn't you think? Now let's break down the next breaking story of the day. Gotta give respect and credit where it is due. We have US Congressman Tom Emmer who made a very strong anti -CBDC stance and we know that's the central bank digital currencies which the central bankers are gonna be rolling out and I know their pilots have already began rolling out around the world. So let's discuss this anti -CBDC push because I'm all for anti -CBDC. That's why I promote Bitcoin every day here on the pod. Bitcoin is the antidote to the CBDC. Let me know if you understand what I'm saying. Now Congressman Tom Emmer is leading the reintroduction of the bill that aims to prevent the Federal Reserve from creating a digital dollar. God bless him. Emmer says on the social media platform X that if it isn't designed to emulate cash, then a CBDC would dismantle the American's right to financial privacy while also emboldening the administrative state. Facts. The majority whip says that the new bill attempts to prohibit the Fed from issuing a retail CBDC while protecting innovation and any future development of true digital cash. This bill puts a check on unelected bureaucrats and ensures the US digital currency policy upholds our American values of privacy, individual sovereignty and free market competitiveness. The administration has made it clear. President Biden is willing to compromise the American people's right to financial privacy for surveillance style CBDC. I don't believe in compromising American rights. That's the bottom line. If not open, permissionless and private like cash, a CBDC is nothing more than a CCP, which we all know stands for, right? Style surveillance tool that will be weaponized to oppress the American way of life. Preach. I couldn't have said it any better myself. I stand by what he is saying because I know it's fact. Now while official, the concrete plans for the CBDC haven't been released by the US government as opposition has already formed, which is a good sign. We also have US candidates who are running for the presidential election next year in 2024, including current governor of Florida, Ron DeSantis, who is running as a Republican. And we also have Kennedy Jr. who is running as a Democrat who are both pro Bitcoin and anti CBDC. So we must stand strong and oppose these weapons of financial mass destruction, which are better known as CBDCs. So again, much respect to the congressmen and those making this push. Now last month we also had Ohio Republican Warren Davidson said the CBDCs pose an existential threat to the Western civilization and was committed to fighting against them. Davidson said that he wants to prohibit the CBDCs because they threaten other digital assets like Bitcoin and impede the development of the beneficial financial technology. Facts, quitting him here. Central bank digital currency poses a serious threat, tall digital assets, as I said, at flyover FinTech. Many people wrongfully conflate even Bitcoin with a CBDC. Ignorance is bliss, huh? At least most agree that CBDC is evil, the financial equivalent of the Death Star. Great reference to Star Wars there. Don't become an accomplice to anyone designing, building, testing, developing, or establishing CBDC. Banning a CBDC is essential to the American's FinTech future. So there you have it. What are your thoughts on CBDCs if they roll out, which more than likely they're going to eventually at a theater near you, are you going to participate in them, is the million dollar question. What if they give you a stimulus and they promise you, we're gonna give every American $5 ,000 of this digital dollar, AKA CBDC, central bank Ponzi scheme currency. What are you gonna do about it? I say just say no to Bitcoin, or I'm sorry, just say no to CBDCs and fight it with the antidote, which is Bitcoin, by simply stacking stats today and preparing yourself so that you can fight the tyrants who are trying to take over our country. Just saying, fam, let me know if that resonates with you. And with that being shared, now let's break down our next story of the day and discuss the latest with Mr. Gary Gensler, the chairman of the SEC and what they recently shared with Congress regarding cryptocurrencies and enforcement. Here we go. The chairman of the SEC, everyone's favorite huckster, Gary Gensler talked about cryptocurrency during his testimony before the US Senate Committee on Banking, Housing, and Urban Affairs on Tuesday, two days ago. Reiterating his views that most crypto tokens are securities, Gensler told the lawmakers without prejudging any one token, the vast majority of crypto tokens likely meet the investment contract test. Given that most crypto tokens are subject to the security laws, it follows that most crypto intermediaries have to comply with the security laws as well, quoting the chief right here. In terms of crypto, I've been around finance for 44 years now, and I've never seen a field that is so rife with misconduct. It is just, it's daunting. He further described the crypto industry right now. Unfortunately, he says there's significant noncompliance and it's a field which is rife with fraud abuse as well as misconduct. Now the Senator Bill Hagerty asked Gensler during the hearing what the SEC needs to see from issuers to approve a Spot Bitcoin ETF. Wouldn't you say that's a great question? Following the recent court ruling in favor of the grayscale investments, now the court found that the securities regulator, denial of grayscale Spot Bitcoin ETF app, was arbitrary and that the SEC Chairman Gensler replied with the following, we're still reviewing that decision. We have multiple filings around Bitcoin ETF products, so it is not just the one you mentioned, but there's multiple others. We are reviewing them and I am looking forward to the staff's recommendations. So there you have it. How do you feel this will likely play out regarding the regulators and crypto choke point 2 .0 as it continues? Do you think it'll keep pushing innovation outside the United States? Or do you feel that it's just a matter of time and Gensler's no longer gonna be able to push back these deadlines for the SEC approvals? Because we all know once the Spot Bitcoin ETFs get the green light from the regulator, it's game on. There's literally trillions upon trillions of dollars right now sitting on the sideline just waiting for that freaking approval. And if it wasn't for the SEC, we'd already had a Bitcoin Spot ETF a decade ago because that's how long they've been denying them, right? In fact, the very first Bitcoin ETF application was submitted by the Winklevoss twins of the Gemini exchange literally over a decade ago. And while they keep approving these futures ETFs which aren't in the investors best interest, but to keep pushing back the Spot ETFs which benefit everyone makes no logic except they're doing what they do because that's what they do and let's leave it at that. And with that being shared, fam, now let's break down the latest breaking news regarding Deutsche Bank. This is big news coming from another major institution and then I'll be breaking down the $1 billion fidelity price prediction for the King Crypto. That's right, they're saying that one Bitcoin will eventually be worth $1 billion per coin and then we'll dive into our live Q &A. So yeah, here we go, breaking news just in. The German bank, Deutsche Bank, was one of the handful of companies to invest in a $65 million Series B fundraising round for tourists in February of this year. The company offers enterprise -grade infrastructure to issue managed custody and trade, cryptocurrencies, tokenized assets, as well as NFTs and other digital assets. Let's go. Now according to Taurus' co -founder, Lamin, the partnership underwent a thorough and very detailed due diligence process before the German bank decided to use its infrastructure services, quoting them here. It started end of 2021 and ended somewhere in 2022. We won the deal a couple of quarters ago and as previously reported, Deutsche Bank has been brewing plans to offer crypto custody and trading services to its clients over the past three years, since 2020. The bank most recently applied for a digital asset custody license from Germany's financial regulator, Baffin, in June of this year, as it continues plans to offer its customers access to crypto markets as well as assets. Now brain, aka, confirm, whoever that is, the agreement is global in scope with tourists providing custody and tokenization tech in line with the local regulatory requirements. Let's get it. Good stuff. And I appreciate the live chat right now. I am tuned in and checking you guys out. Much love. Any questions, feel free to drop them. And again, at the end of our premiere story with Fidelity, we're gonna be reading those comments out loud. Anyways, announcing the partnership, Deutsche Bank Global Security Services head, Paul Maly, said that crypto space is expected to grow to trillions of dollars of assets and is likely to become a priority for investors and institutions. Preach, that's a given, right? Meanwhile, Deutsche Bank's asset management arms, DWS Group, had reportedly been in discussions to invest in two different German -based crypto firms in February of this year. This includes crypto exchange -traded product provider, Deutsche Digital Assets, and market maker, platform, Tradius, Deutsche Bank Singapore, and Memento Blockchain also recently completed a proof of concept called Project DOMA, which stands for Digital Asset Management Access, which allows for the management of digital funds and tokenized securities. And founded in Switzerland in 2018, Taurus' Series B round was led by Credit Suisse and included the likes of Deutsche Bank alongside Arab Bank Switzerland, indicating major interest from traditional financial banks. Let's go. The announcement of its Series B round also clearly outlined Taurus' aim to serve tier one banks in Europe. And they also told Cointelegraph that the platform serves close to 30 banks, with most deals going beyond cryptos to including tokenization of equity debt as well as other products. Deutsche Bank is set to offer customers crypto custody options through a partnership with the cryptocurrency infrastructure platform, Taurus. Now obviously, this is a major, major deal when you have a $800 billion asset manager, such as Deutsche Bank, partnering to offer Bitcoin custody for institutions around the world. The bank can now officially hold crypto directly for their clients. So there we have it. Another one bites the dust. And now for the moment you have all been waiting for. Let's discuss this $4 .5 trillion asset manager, Fidelity, which I believe, correct me if I'm wrong, is the second largest asset manager in the world, next to BlackRock that controls over 10 trillion in assets under management. They're predicting, their head of global macro, Julian Timmer is predicting that the Bitcoin price hit $1 billion per coin. So let's break this down, shall we? And then we'll dive into our live Q &A. Here we go. Fidelity's prediction for Bitcoin. We have Julian Timmer, director of global macro at Fidelity, put forth the notion that Bitcoin, the king crypto, has the potential to reach a value of $1 billion per BTC in roughly two decades, specifically around the year 2038. So there you have it. Right now we're in 2023. So what is that? Roughly like 15 years out. To supply the forecast, Timmer employed a combo of models and charts with particular focus on the stock to flow model and his own demand model. These analytic tools form the foundation for his primary prediction. And speaking of stock to flow, massive shout out to Plan B, creator of the Bitcoin stock to flow model. Now he believes, along with the stock to flow, the data, which doesn't lie, that the Bitcoin price is subject to hit between 100 ,000 and a million dollars after the halving in 2024. Let me know if you agree or disagree with the stock to flow prediction. And now we'll get back to this analysis from Julian Timmer of Fidelity. The above demand model employs Metcalfe's law, and according to the numbers of its users, grows linearly, the network's value, or interfiends, the Bitcoin price, grows geometrically. This means that the utility of the adoption of Bitcoin are expected to grow more rapidly compared to its network of users, exchanges, ATMs, and participating retailers. Therefore, this model predicted that the Bitcoin price will reach $1 million, which is seven figures, by the year 2030. Now I'd also like to throw out there, we also have Cathie Wood of ARK Invest predicting a $1 million Bitcoin price by the year 2030. In fact, if you've been following my show, then you know her bear case scenario is over a quarter million per BTC in 2030, her base case is over 600 ,000, and her bullish case is $1 .48 million per BTC. There's other big analysts and financial institutions as well, just as bullish as Cathie Wood. So I just wanted to throw that out there that there's others in agreement with Jurien Timmer thus far on this Bitcoin price prediction. So yeah, in contrast, Timmer's stock to flow supply model noted the event of significant price surges during each halving event. Consequently, when considering this model in conjunction with the other factors, it foresees a Bitcoin price range of $1 million to $10 million for Bitcoin defined by the year 2030. Timmer's demand model is more inclined towards reflecting the bottom of the Bitcoin price. But on the other hand, the stock to flow model seemed to provide a better approximation for the peak of Bitcoin. However, it's worth noting that the disparity between these two models widened significantly beyond the year 2030, which is where things get interesting. The reason behind this gap is expected to be the changing value of the dollar, as many, many economists are anticipating the crash of the dollar in which Jurien Timmer is as well. So Timmer proposes that the value of the dollar undergoes fluctuations over time when compared to other traditional assets. For instance, if just $1 was invested into the stocks during the 18th century, its present -day value would be roughly $4 billion. You mean to tell me $1 invested into stocks in the 18th century is now worth $4 billion? That tells you everything you need to know about fiat currency, folks. Now similarly, Timmer implied that if $1 million was invested today, it can grow to $1 billion in just a span of 20 years. This further revealed that the purchasing power of the dollar has significantly reduced due to factors like inflation and depreciation, and let's not forget, money printer continued to go. Just saying. Thus, Timmer's statement implied that keeping a fixed amount of dollars for many years may lead to a reduced purchasing power due to the assets' changing value, and over the last few years, an increasing number of are companies taking over the $1 trillion market cap, and as a result, it's foreseeable that in the next two decades, the concept of a trillion -dollar valuation will become more common. Yes, right, so much that individuals themselves could be worth a trillion dollars or even more. The scale of numbers may even reach the quadrillion range. Like, whoa, so is this milestone still achievable for Bitcoin is the million -dollar question. So despite Bitcoin's historical growth, it had recently faced a significant setback. Bitcoin's network activity had diminished, and it had fallen behind in comparison to Cardano's network, for example, the number of active addresses in the Bitcoin market had experienced a notable decline when compared to the levels seen in 2021, but we also gotta note that we're currently in a bear market, past couple of years. We hit the cycle peak back in 2021, and we soared. Remember COVID era? Bitcoin dumped all the way down to like $3 ,500 range, and within a year, by the end of the fourth quarter of 2021, we hit that all -time high, which is the current high of $69 ,000. So this just goes to show you how fast Bitcoin can climb during a bull market, and we know the past couple of years have been bearish as all hell, right, especially 2022. We had the collapse of Terra Luna. We had the collapse of FTX being the second largest crypto exchange at the time. There was mass contagion. Everything was impacted. We dropped to a new cycle low of 15 ,700, but I think the bottom is past us. What's your thoughts, chat? Do let me know in the comments so I can read those out loud here in a little bit, but let's finish up this prediction. The higher network activity, like increased transaction volume or active addresses, is viewed as a positive indicator for the growing adoption for Bitcoin. This can create a sense of confidence amongst investors, potentially leading to the rise in demand and positive effect on the price action, and although Timur's prediction may be considered far -fetched and lacks empirical evidence, it doesn't completely dismiss the possibility of Bitcoin reaching such levels. The concept of de -dollarization has gained stature, shifting global attention towards alternative currencies. The shift in focus is expected to drive the demand for assets like golden crypto, such as Bitcoin, and with BRICS pushing for the fall of the dollar, the BRICS currency and Bitcoin are expected to garner continued momentum. So there you have it, fam. What are your thoughts surrounding this whopping $1 billion price prediction for the king crypto by the year 2038? Do you think it's realistic? And before we even got to that billion prediction, what about $1 million by the year 2030? Do you think this is realistic? Do you think this is a pipe dream? Do you think this is conservative? What's your honest thoughts? And where do you feel the dollar is likely to go over the course of the next few years? Do you think it will not even be in existence and will be replaced by the digital version, which is the CBDCs, central bank digital currencies that Congressman Tom Emmer and many others are warning you about? Let me know your honest thoughts. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
News, Traffic and Weather
Fresh update on "two decades" discussed on News, Traffic and Weather
"And a saia however a is full -length dress that's worn with a headscarf hijabs do have religious significance but a bias do not they are cultural we're talking about it with ABC's Ibtis and Gen food and ABC News reporter who lives in Paris it doesn't this all has to do with the French concept of something called laicite it's it's a type of secularism like our separation of church and state that's in the Constitution it's also written in the French Constitution what is the reaction been from Muslims to France about this ban on a bias this is almost it you could be mistaken to think that this is main the issue here in France at the moment everything ever since that announcement by the French Minister of National Education and these bands basically based on a principle a French constitutional principle that been has used as well to ban the burqa on the street as well as the hijab in this and I asked rimsat one she's a French legal scholar here in France in the Toulouse University what this principle of laicite means so to make example laicite is a form of secularism and she told me that this principle is supposed to establish a nation between church and state while protecting individual freedoms such as the freedom to believe or not to believe what she's pointing it to along with other minority rights groups is that in the last two decades this principle of laicite has been gradually weaponized against minorities it would have been different if ...regarding the law if it was done case by case but such a general ban like this opened Pandora books for discrimination and to this day students cannot enter a public school with a hijab on so so the reaction from the muslim population has been swift some families have already filed complaints against head teachers on discrimination grounds for refusing access to school to their child in the meantime we're seeing all sorts of reactions online mostly indignation and even open calls to defy the ban there's the British Bangladeshi fashion designer Saeeda Haque who even dropped her latest collection of streetwear is exclusively in France as a response to the ban and if you send me a photo of you wearing it to school i might even refund your whole order how's that for neutrality c 'est la social media is being flooded
Bloomberg Radio New York - Recording Feed
Monitor Show 00:00 09-14-2023 00:00
"Interactive brokers clients earn up to USD 4 .83 % on their uninvested instantly available cash balances rates subject to change visit ibkr .com slash interest rates to learn more here's the full conversation on the latest edition of the masters in business podcast subscribe on Apple Spotify and anywhere else you get your podcasts plus listen anytime on the bloomberg business app and bloomberg .com broadcasting 24 hours a day and the bloomberg business app this is bloomberg radio this is bloomberg daybreak at least in Africa our top stories this morning US headline inflation rises by the most in more than a year while core CPI accelerates on a monthly basis for the first time since February I pick up in gas prices piling more pressure on already strained household budgets is a great decision from the ECD markets have completely changed their view in recent days on what is likely to happen highlighting just how much uncertainty surrounds the decision we're live to Frankfurt this hour the IEA warns that oil supply cuts by Saudi Arabia and Russia will create a significant supply shortfall threatened with new surge in price volatility and Citigroup is preparing for a wave of job cuts as CEO Jane Frazier launches the biggest restructuring of the Wall Street giant in two decades we'll have the details just gone 8 a .m. across the Emirates exam a few Johannesburg I'm using a Medellin in Dubai we're seeing a little bit of cautious upside in u .s.
Bloomberg Law
Fresh update on "two decades" discussed on Bloomberg Law
"Technology and innovation companies from inception to IPO and beyond for over two decades through its national network of banking teams and offices. Bridge Bank. A division of Western Alliance Bank. Member FDIC. Bridge Bank. Be bold venture wisely. You heard the phrase the voice of experience. You're the guy that made the bet with Warren Buffett. I get that that might go on my tombstone. There's actually more than one of them. Writing on Star Wars was crazy fun. The voices of experience tell their stories on Masters in Business. When I got hired in 2013, M &A was dead. I think life and markets are intertwined. Barry David Holtz hosts Masters in Business. Subscribe today on Apple, Spotify, or wherever you get your podcasts. Bloomberg. Context changes everything. This is Bloomberg Law with June Grasso from Bloomberg Radio. When children say they identify as something other than their sex at school, do they become mere creatures of the state? Or do their fit parents still have the fundamental right to make decisions regarding their behavior? The emerging legal
Crypto Cafe With Randi Zuckerberg
A highlight from Special Guest Motez Bishara: Thoughts from an Author/Journalist Working in AI
"Hello, and welcome to Crypto Cafe with Randi Zuckerberg. I'm Randi, where we embrace newcomers and experts alike to all things crypto, NFTs, AI, metaverse, and all the latest in disruptive and innovative technology. I am thrilled to bring you an incredible special guest on today's episode focusing on the importance of open tech in artificial intelligence. After the episode, if you want to get more on this topic, definitely head to thehug .xyz to check out everything we've been writing there. But until then, I am so excited to introduce Motes Beshara, Director of Communications at Stability AI, journalist, features writer for CNN, ESPN, Guardian, author of a billion books. This is a real expert on this topic. Motes, thank you so much for joining me today. It's my pleasure. Thanks for having me on. You have a really fantastic and very unique journey. So I'd love to hear a little bit about your career background and what, you know, what happened in the last year. And I've had a pretty long career. So let's, we could start from beginning and I could kind of try and fast forward through some of the bullets here. So many moons ago, I went to Boston University, and I studied mathematics and computer science. Now, that was back in the day when email was a thing that people just pinged between each other in universities. It wasn't like you could email your mom or anything like that. Writing code was absolutely just dreadful. It was the most tedious thing in the world. It was very painful. There was, there was, with that degree, I decided I wanted to do something else. And I got an MBA at Tulane University. I'm representing the Green Wave today with my T -shirt. And then I worked in finance for many years. And I was a professional stock investor on an institutional level. And I invested in a lot of new media companies. I witnessed the whole dot com boom, the huge mergers of the day, like AOL, Time Warner, you know, I'm old enough to remember that. A lot of huge companies that sort of don't exist in the same iteration or at all anymore, like Lucent Technologies, you know, Sun Microsystems, Cisco Systems isn't one you really hear about as much anymore. These were massive behemoths in the internet space that sort of aren't really around the same way they used to be. Even Oracle isn't really what it used to be in the same sort of realm. Moving ahead, after the better part of two decades in that space, I had an itch to do stuff in media. I've always been a writer, a storyteller, somebody who is very, very interested in media and journalism. And I had been freelancing in journalism for quite a while. I got an MA in international journalism here in London. And I decided to go at it full time. I wrote a book about sports ticketing, a little plug for my first book, Beating the NBA. That was back in 2013. After that, I freelanced kind of like as a permanence, permalancer role at CNN for pretty much five years solid. I also worked, as you said, for ESPN, The Guardian, Al Jazeera and a number of others. Super interesting, fascinating role. I think my favorite place to work is in a buzzy newsroom. There's nothing like it, really. Then the pandemic hit. I had the opportunity to work on a couple of other book projects that had been up my sleeve. My most recent release, Athletes Who Rock, Achieving, oh no, we changed the title last minute, Stories of Sacrifice, Setbacks and Success in Sports, Music and Life. It's interviews, interview profiles with 15 exceptional, very top level athlete musicians. And what interested me most about that is I've kind of been a recreational, amateur musician and athlete my whole life. And to do those at a very high professional level was something I thought was incredibly interesting and commendable. So I go into the science of it and the background of it. And then I had a family and I decided it was time to get back into the workspace. And I had a marvelous opportunity to get into AI. And it was such a fast moving, fascinating space that combined all my backgrounds in computer science and technology, in investment marketplace, know -how, in journalism and writing. So I am a director of communications at Stability. I work with an amazing team in communications and with a broader team at large at Stability. Exciting. So I'd love to kind of hear about the intersection between kind of your passion for sports and work in technology. I'm curious, is there a sport that currently has your heart and interest right now? And what are you doing there? By way of living in London for so long, I am a big Premier League soccer fan. I'm an Arsenal season ticket holder here. I sit in the front row. I was cheering on Arsenal against Manu.
Bloomberg Law
Fresh update on "two decades" discussed on Bloomberg Law
"The practice of law, the business of law, the future of law. The difference is Bloomberg Law. Learn more at BloombergLaw .com. The Bloomberg Talks Podcast. Today's top interviews from around Bloomberg News. An extended conversation with former Vice President Mike Pence. Bill Gross, the co -founder of PIMCO, joining us right now from California. Wide -ranging conversations with Fortune 500 CEOs, big -name investors, and business leaders around the world. Thank you so much for joining us on Bloomberg. Bloomberg Talks. Subscribe today on Apple, Spotify, and anywhere you get your podcasts. Bloomberg. Context changes everything. Bridge Bank. Helps breakthrough ideas actually breakthrough and remains dedicated to providing financial solutions to the risk takers, the game changers, and the disruptors. Those committed to making the world a better place. Bridge Bank has been providing financial solutions to technology and innovation companies from inception to IPO and beyond for over two decades through its national network of banking teams and offices. Bridge Bank. A
Real Estate Coaching Radio
A highlight from New Mortgage Programs Requiring LOW Downpayments Revealed (In Honor Of 9/11)
"Welcome to Real Estate Coaching Radio, starring award -winning real estate coaches and number one international bestselling authors, Tim and Julie Harris. This is the number one daily radio show for realtors looking for a no BS, authentic, real time coaching experience. What's really working in today's market, how to generate more leads, make more money and have more time for what you love in your life. And now your hosts, Tim and Julie Harris. Three, two, one, and we're back and we are going to be honoring the heroes and the victims of 9 -11 by talking about different programs that are available to first responders, firefighters, policemen, veterans. So what we're going to be doing today is we're going to be focusing in on different mortgage programs. A lot of you probably don't know about that have, you know, requirements for much less down and maybe have some lower credit requirements, things like that. Now these programs are for any, you know, firefighter or whatnot. It's not just available for those that were a part of 9 -11, but at the end of the day, this is our way of recognizing this really historic day in American, if not global history. So with that in mind, Julie Harris. Yes, that's right. And we all know that tragic event of 9 -11 happened more than two decades ago and we can't do anything to go back, but what we can do is honor those first responders. So this podcast is our way of doing just that by educating you, our listeners, real estate professionals about how to help those who helped others and are still being of service every day. We all owe a debt of gratitude to those who have our backs in times of need. So one of the best ways to help is to be of service yourself as a professional real estate advisor. Listen to all of these really great mortgage programs. Most agents and buyers don't know about any of these. These are for first responders and consider doing any or all of the following. There are more out there than just what we're going to discuss, but I chose some of the top ones. It's worth noting, we're not going to get through all these notes today on the podcast because there's a lot of details with links and all of that, so we've made this easy for you. Just scroll down in the show description, the show notes. There's obviously all of our notes from today and we are going to use our notes as closely as we can so that you guys have reference points because we know a lot of you are going to use this for training your own agents and your teams and your brokerage. This information is also fantastic to use in social media. Maybe you want to create some short videos around these different programs. I have to say it is kind of surprising and unfortunate that so many loan officers and frankly so many of you don't know about these different programs. Give yourself a competitive advantage in the marketplace and really learn as much as you can about all the different mortgage products out there. I realize that everyone kind of bemoans the fact that there's not enough homes for sale. Well that's going to start curing itself over the next 18 to 24 months and in the interim you better know how to help all the different folks out there that are going to be looking to purchase a home because you already see this happening. People are starting to say, well how am I ever going to buy a house? Houses are so expensive. I can't come up with a down payment. That's really the focus and obviously gearing it towards honoring the fallen victims of 9 -11. So drill down and if you're thinking that oh my gosh there's going to be a lot that Tim and Julia are about to tell me, you're correct but don't worry. The notes are in the show description below. And while you're there of course, join Premier Coaching. The link to join Premier Coaching is below and you do get full access to the entire first level of Premier Coaching and in addition to that you do get a daily semi -private coaching call with one of our Harris certified coaches. So all of you should be joining Premier Coaching. It costs nothing. It takes 17 seconds to join. You're looking for the next natural step in your real estate business. I just gave it to you. So scroll down and click to join Premier Coaching. Alright so as always our job is to educate you, motivate you and get you into action. So today we're going to lead with five quick ways that you can indeed take action on what we're about to educate you on these different first responder programs. I'm going to go through these quickly. So there's five ways you can do something about this. Way number one, make a video about some of the special programs we're going to expose you to on today's podcast. Send it to your database, post it on your social media and submit a press release to your local media sources. Press releases don't cost you anything. It is, you know, that's a funny thing you just brought that up because it is fascinating how infrequently you hear about any of the local, even the very, you know, the community newspapers talking about these types of programs. That wasn't the way it was like 15, 20 years ago. Well, why is that? It's because of the advent of the three to three and a half percent mortgage on the 30 year fixed, which was the standard issue program for practically a decade it seems like. But you know, people didn't really need to know so much about this stuff when the standard 30 year fixed was pretty good. That's right. And if you're a loan officer, as many of you are also, you know, doing mortgages, it would be a really smart idea for you to make this your niche, having a real master level knowledge of all these different types of products. That's right. So you loan officers as well could make a video, should make a video about some of these programs. Then the second thing, take the information from today's podcast and do a Facebook live session or a series of Facebook live sessions, inviting your friends and followers to learn more about these loan programs. You can split the programs up and even do a weekly series. Way number three, you can do something about this. Work with a lender who specializes in first responder types of loans, FHA, VA, HUD programs, and interview them for a video, a Facebook live session, or some of, especially my elite clients have their own podcasts. You can certainly do it there. The fourth thing you could do is submit an article to your online and offline news publications about these available programs. Much of what you could put in your article, you can find in today's podcast notes. We've done some of the work for you. The fifth thing you can do is to create a first responder seminar or webinar in person or online. Present at a firehouse or several or police station or stations and see how many people you can help once they know about the special programs they probably qualify for. Bring your first responder program lender specialist with you to help answer questions. It's important to note here that though we are focused on first responders in honor of 9 -11, there are also similar programs available in many cities for teachers. That's right. We're going to talk about some of that stuff. Another good, if you're selling in a rural area, the FDA has a lot of interesting mortgage products out there, a lot of creative stuff that a lot of you don't know about, but you should be learning. That's right. I'll bring some of that to future series because this stuff is all coming out of the woodwork now.
WTOP 24 Hour News
Fresh update on "two decades" discussed on WTOP 24 Hour News
"Not a single state here in the U .S. had an adult obesity rate more than 35 percent. Now almost half the states do. Rates of obesity in our country continue to climb including in Maryland and Virginia. about We talked it a little earlier with Dr. Nadine Gracia, President and CEO of Trust for America's Health, which called an annual obesity survey. Over the past two decades the rate of adults living with obesity has increased by 37 percent and the rate of children living with obesity has increased by 42 percent. And when we see these types of widespread and persistent increases across population groups it really underscores that multiple factors contribute to obesity. Factors that are structural and economic factors and that are really beyond personal choice. Our report shows with the data that nationally just over four in 10 adults are living with obesity and now 22 states have adult obesity rates at or above 35 percent. Dr. Gracia can we kind of go across the DMV here how did DC, Maryland and Virginia fare? Yes so Washington DC has an adult obesity rate of 24 and percent among children between the ages of 10 to 17 of about 17 percent. We're still speaking of about one in four adults who are living with obesity. So for Maryland the rate of obesity among adults was 33 percent and really looking at the rate of increase over the past five years the state has had a significant increase over the past five years in rates of adults living with obesity. For Virginia
Bloomberg Radio New York - Recording Feed
Monitor Show 23:00 09-11-2023 23:00
"Interactive brokers' clients earn up to USD 4 .83 % on their uninvested, instantly available cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. And 130 industries. And remember, you can access Bloomberg Intelligence through BI Go on the terminal. I'm Alex Steele. And I'm Paul Sweeney. Stay with us. Today's top stories and global business headlines are coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. The 22nd anniversary of the 9 -11 terror attacks is tomorrow, with many ceremonies planned around the country. Some family members who lost loved ones on September 11, 2001, are still left searching for answers over two decades later. Brett Eagleson's father was killed in the World Trade Center and doesn't feel victims' family members have all the details of who was responsible for the attacks. It's been 22 years and it's shameful that we have yet to have an administration or a president that has had the courage to hold the kingdom of Saudi Arabia accountable for what they did. Saudi Arabia denies involvement in 9 -11. Meanwhile, family members are also frustrated that the confessed mastermind of the 2001 terror attacks and four other defendants have not yet had a trial. Vice President Kamala Harris says the attacks on her by GOP presidential candidates are nothing new. Speaking on CBS's Face the Nation, Harris responded to concerns of President Biden's age and claims that she would be worse than Biden. The vice president said she's listened to attacks against her throughout her career, going back to her days as a district attorney in San Francisco. Harris said Biden would be fine to serve a full second term as president, but added she's prepared to step in if necessary. Pennsylvania State Police are expanding their search for an escaped killer after a new sighting of a woman was reported.
Northwest Newsradio
"two decades" Discussed on Northwest Newsradio
"To women two decades ago what message does the sentencing sentence I think it shows that there is justice it was a stunning fall from grace for the one -time star of that 70s show I love Camaros Zeppelin and french fries in that order prosecutors painted a portrait of a predator who spiked the drinks of his two victims so he could rape them the women and Masterson were all members of the Church of Scientology at the time Jane Doe won today saying through tears I wish I'd reported him sooner to the police the women claimed the church harassed them after they reported the rapes something the church has strongly denied Jane Doe 2 today telling Masterson you relish in hurting it is your addiction it is without question your favorite thing to do prosecutors today grateful for the testimony I know these victims have been waiting a long time for this day it's been a number of years getting motion as he was sentenced but his wife at times sobbing actress Bijou Phillips who was stood by Masterson waved to her husband as he blew her a kiss before being escorted from the courtroom the Church of Scientology denies ever harassing Masterson's accusers they say they have no policy discouraging members from reporting criminal conduct instead the church says its policy demands the Scientologists abide by all laws of the A senior White House aide is found guilty of contempt of Congress ABC's Pierre Thomas has more tonight a jury convicting former senior Trump White House aide Peter Navarro of criminal contempt of Congress for defying a subpoena from the January 6 committee moments after the verdict Navarro outside courthouse the defiant I said from the beginning this is going to the Supreme Court I said from the beginning I am willing to go to prison to settle this issue in the days leading up to the January 6 riot Navarro became a fixture on TV spreading lies about the elections the committee wanted to know how that message may have inflamed Trump supporters but Navarro refused to cooperate saying former President Trump had told him not to the judge in the case determined there was no proof Trump ever invoked executive privilege for Navarro and now he becomes the second ally of the former president convicted of criminal contempt of Congress following in the footsteps of Trump's former top political advisor Steve Bannon when he sentenced in January Navarro faces a maximum of up to two years in prison and finds up to $200 ,000 he said today he will appeal his conviction one of the US Supreme Court justices says he's hopeful action will be taken soon to address ethics issues Brian Shook reports justice Brett Kavanaugh told an audience of judges and lawyers in Cleveland on Thursday the court is continuing to work on those issues his comments come after recent reports of justices travel with political donors Kavanaugh added we respect the institution and want that respect for the institution to be shared by the American people in a speech in May Chief Justice Roberts assured he is committed to ensuring the court adheres to the highest standards of conduct I'm Brian Shook severe flooding in Greece turning deadly ABC's and as Delicaterra has more from the foreign desk storm named Daniel sweeping across central Greece killing at least six people with over six others still missing the torrential rain triggering landslides sweeping away vehicles and destroying roads and bridges government spokesman Pavlos marinaki saying the country is facing for the third day of phenomenon unlike any other we have seen in the past this all comes on the heels of a two -week deadly fire which officials said was the most extreme on record in as Quaterra ABC News at the foreign desk your stock charts calm money update on news radio 1000 FM 97 7 it was a mostly lower finish for US stocks today the S &P 500 dipped 14 points in
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 09-06-2023 19:00
"Economics to say that it may take another another two decades for China's GDP to beat that of the U .S. and even after that it may fall back behind soon after due to all sorts of different challenges so there you go Brian I mean this is something we have been uh talking about and keeping an eye on and it sort of goes down to these growth goals by the administration in Beijing yeah some interesting comments there by Bloomberg economics uh and runs a little counter to what we thought before demographics a big part of that story as well the next hour of Bloomberg Daybreak Asia begins right now broadcasting 24 hours a day at bloomberg .com and the Bloomberg Business Act this is Bloomberg Radio this is Bloomberg Daybreak Asia for this Thursday September 7th in Hong Kong Wednesday September 6th in New York coming up this hour a strong reading on the U .S. services economy bolsters bets on the fed keeping rates higher for longer shares an apple fall on a report that China has barred government staff from using iPhones at work and Chinese chip makers smic may have violated U .S. sanctions by supplying components to Huawei as young leaders disappointed Biden did not attend the summit looks like Biden is clear to go to the G20 though DOJ signals it is ready to indict Hunter Biden I'm Ed Baxter with global news two top five seeds advance to semi -finals at the U .S. Open I'm Dan Schwartzman I'll have that story more coming up in Bloomberg Sports that's all straight ahead on Bloomberg Daybreak Asia on Bloomberg 11 30 New York Bloomberg 99 .1 Washington D .C. Bloomberg 106 .1 Boston Bloomberg 960 San Francisco Sirius XM 119 and around the world on Bloomberg Radio .com and via the Bloomberg Business Act we are now an hour away from trading in Tokyo Sydney and Seoul it's hour two of DBA.
Bloomberg Radio New York
"two decades" Discussed on Bloomberg Radio New York
"Gather together in communities across the nation to remember and honor to break and support to light the night join us as we lift our lanterns high in order to move toward a world free of blood cancers join the us night for a loved one join us we are the leukemia and lymphoma society our mission is to cure leukemia lymphoma Hodgkin's disease and myeloma our aim is to improve the quality of life of patients and their families join us we are LLS and when we walk cancer runs join your community and help bring light to the darkness of cancer join us as we light the night find your local event at light the night dot org that's light the night dot org wake up and text text and eat text and meet up with a friend you haven't seen in forever text and complain that they're on their phone the whole time text and listen to them uh text and whatever but when you get behind the wheel give your phone to passenger put it in the glove box just don't text and drive visit stop texts stop rex dot org a message from nitza and the ad council bridgebank helps breakthrough ideas actually breakthrough and remains dedicated to providing financial solutions to the risk takers the game changers and the those committed to making the world a better place bridgebank has been providing financial solutions to technology and innovation companies from inception to IPO and beyond for over two decades through its national network of banking teams and offices bridgebank division of western alliance bank member fdic bank be bold venture wisely the bloomberg business of sports podcast where the money is flowing inside sports around the globe to drop some knowledge on the sports agency business latest on the pj in live golf tour who's the next u .s. emerging rugby star michael bar scarlett -fu and damian sour take you inside the decisions that power this multi -billion dollar industry balance of power and f1 might shifting be bloomberg business of sports subscribe today on apple spotify and
Mike Gallagher Podcast
A highlight from Guest Host Kevin McCullough Tackles The Return Of Covid Mandates
"The Mike Gallagher Show. For decades in this country, people have beaten a path to California. It's a beautiful state. And yet they never lost population until their current governor took office. Now they're hemorrhaging wealth. Now they're hemorrhaging population because you see things like what I saw the other day in San Francisco. I saw people defecating on the sidewalk. In the ReliefFactor .com studios, here's Mike. Some words I would rather not hear in the middle of my morning, but Governor Ron DeSantis is right, and that's part of the problem. We'll continue to take your calls about the evil that's being done and how they're not being quiet about it anymore, but willing to stick it in your face. We'll talk some more about that. But I want you to know that today is the last day that the Mike Gallagher Show audience has to assist the very vital work of food for the poor, especially in this hurricane season and it's just getting started. There's going to be a lot of storms through the fall, and what we are dealing with is the need to be ready to help those with emergency items, specifically food, as those difficulties come. Joining us here at the Mike Gallagher Show is Paul Jacobs of Food for the Poor, and Paul, a longtime friend of Kevin McCullough as well. It's good to hear you and see you this morning. Paul, there's been some major hurricane action that our media here in the States hasn't even really picked up. Well, since the very first day of this campaign with Mike Gallagher, we've been sharing a very important principle, and that is we must pre -position aid emergency relief supplies under blue skies. For three weeks in the month of August, we saw nothing in the Atlantic, nothing in the Gulf, and then here we are on really the final days that we're together with you listening, sharing this need, and there are storms on both, as we've seen, in the West Coast of the United States as well as two very powerful storms, Franklin that just pummeled the Dominican Republic and now Edalia that is going to crush the West Coast of Florida, possibly into the Panhandle and states in the Southeast. We really need everyone that's listening right now to understand that if you have listened and you've heard the passionate pleas of Mike Gallagher about these needs of these families, whether it's disaster relief kits or it's a gift of $500 to provide a generator, you are needed right now. There are two, no, sorry, three months left in this hurricane season, and there is more going on, and Kevin, you and I have traveled to Haiti. We've seen the effects of these hurricanes on developing nations, and so we know all too well the aftermath and how the victims like children are affected when the needs and the supplies are not made available. Yeah, I want to emphasize what you said there about developing nations. In highly developed nations, we have trouble with hurricanes in Florida and elsewhere and sometimes are caught a little off guard. Imagine being a country that has one -third or one -fourth or one -tenth the GDP of the United States and trying to survive under these circumstances. It is really, really a tough struggle, and I love the term pre -positioning because that's exactly what it takes, Paul, in order to save these people. There's not, the decisions have to be made in the splits of seconds in order to be able to save lives, and if food for the poor has put the supplies where needed, then those decisions are much easier to make. Last week we just celebrated, we just remembered the 31st anniversary of Hurricane Andrew devastating my home here in South Florida, and I remember all too well what that was like, but the thing that stuck out the most for us and why pre -positioning is so vitally important is that the when hurricanes strike, when the storms hit, when natural disasters occur, the supply chain lines are cut off. And not only that, but it's harder to get to these affected areas, our partnerships at Food for the Poor in these various countries. So when you give right now, just think, your gift is making a difference in delivering aid on day one versus having to wait through the disaster and get the supplies there on day 30. And you can imagine the vulnerable, the vulnerable populations that are waiting for that aid, waiting and praying to God, asking when will something come and having to wait 30 days. But right now, while things are favorable, while the cost of items are less because they haven't been driven up as a result of these supply chain disruptions, as well as a lot of the prices going up in the midst of these natural disasters, you can be a difference maker right now and help a family. You may not meet this side of heaven, but they will feel your compassion like never before. There is such a huge need for particularly the children in such circumstances. Here's the phone number, friends. It's 844 -860 -4673, 844 -860 -4673. And the much easier way to do it is just to text the word Mike to 911999, 911999, text the word Mike, and you can give your gift there. You can also go to MikeOnline .com, and you'll just click the red banner at the top of the page, Emergency Supplies. It's pretty easy to find on the website there. 844 -860 -4673, 844 -860 -4673, or text the range of need. There's lots of things that the people in the affected countries that food for the poor work in need on an ongoing basis. There's regular need for shelter and for clean water and so forth, but food and clean water specifically in the hurricane season are even more important. You mentioned the generator. You mentioned the ways people can get involved, but the real lifeline for these people is sometimes having a bowl of food that they wouldn't be able to have otherwise. Think of it. The most, the essence of life, the basics of life is food and water. And when you talk about a disaster that is just, that blows through a community that cuts off not only the power to a lot of homes where they cannot keep food fresh and they cannot keep the food items safely stored, then they need to have food on a regular basis provided to them. Stores are shut down, access to stores, and even these island nations and many of these countries where they depend on exports coming in, food coming being shipped in. Well, when they're not getting there on time, because as you see in the video that we're showing you for those that are watching on the live stream, you're seeing that the the streets and roads are cut off. There's no access to these communities outside of what is already there in the community. Families, children that need to eat every single day. Many of these children in countries like Haiti and like Guatemala, their only meal comes when they, their nutritious meal that is, comes when they go to school. Schools are closed down until the foreseeable future. And so your help right now, a gift of a hundred dollars, pre -positions a disaster food kit in these countries so that children and families can eat tomorrow and the day after until things get normalized and they can get back on their feet. You will effectively help these families survive another day. And survive is no overstatement. It is really truly what they are they're praying for. And friends, as we can sit and have discussion on the Mike Gallagher show about all of the things that are going wrong in the world and certainly the things that we need to be fighting for, the innocence and the protection of these children are something that if we are truly pro -life people, we believe in. If we believe that abortion is bad, then we have to believe that starvation of children is also bad because God is not not respecting one form of death over the other. He wants us to be caring about our brothers and sisters. And I will tell you, as Paul made mention, I've traveled extensively with Food for the Poor in Haiti and in Jamaica and in another couple of places where they have been doing their work. I've seen the houses they've built. I've seen the water filtration systems where they did not have any clean water to drink and all of the diseases that come with polluted water. And then within the installation of a water filtration system just a year later, thriving, beautiful, joyous community with clean water every day. But food, water, the basics, that's what you're helping with with these emergency supplies. And as we made mention, we're just getting started in the hurricane season. This is the beginning of the rocky road, and we've already had some activity in the Caribbean just even over this last weekend. So please pick up the phone. Call 844 -860 -4673, 844 -860 -4673, or text the word Mike, M -I -K -E, for Mr. Gallagher, Mike Gallagher, Mike, M -I -K -E, to 911999. Paul, just spend a minute with me on the importance of the fact that Food for the Poor is a Christ -centered organization and seeks to do Jesus's work amongst the people that they work with. For more than 41 years and into our 42nd year, Food for the Poor has been working hand in hand with the local church. We've named a number of countries that Food for the Poor works in Latin America and the Caribbean. And as I stand here in our headquarter office in Coconut Creek, Florida, I tell you this, there is no way that 350 employees working in this vast big building could reach all of those communities and all of those areas of the world in this region where we work for these many four decades if it wasn't for the local church. Pastors on the ground, their compassion because they live in the communities where they're helping these families. Pastors and ministry partners that are committed, they don't just help these families, they stay and work alongside them to build these families back onto their feet. In fact, one of my favorite scriptures, and I've seen it live and in full effect, is Galatians 2 -10. It was a letter that Paul wrote to the Galatian church about the help and the need of families. It says, all that they asked was that we remember the poor, the very thing I was eager to do all along. That is the passion by which you are fueling right now with your generous gift in these countries where Food for the Poor works. So please understand, yes, you're helping feed a child. Yes, you're helping deliver disaster relief items, but you're resourcing the local church to do what they do best, and that is help the physical body, but as well as the spirit. As a Bible -believing Christian, I don't believe that there are accidents. And friends, if you're listening today or you're watching us on the Salem News Channel, and a thought crosses your mind that you had not heard about this before, that's no accident. I fully believe that God intended for the people that needed to hear this to be here right now. And the truth is, there will be children who will not make it through this next hurricane season without these emergency supplies being pre -positioned in the areas where they will be needed. And friend, if you have the ability to do something, that's not by accident either. God is obviously trying to touch your heart and say, hey, get involved, do my work, help me be the satisfaction for these children, the supplier of their needs, if you will. 844 -860 -4673, 844 -860 -4673. But imagine, even in your own family, if it was you, if it was your child, and you knew that they were going to run the risk of starving this hurricane season, to what length would you go to express to the people that are listening right now, would you help us, can you help us, please help us? Those are the cries coming from the families, the children, and the people in Latin America and the Caribbean, where Food for the Poor is at work. Again, the number is 844 -860 -4673, 844 -860 -4673. You can also just text the word Mike, M -I -K -E, to 911999, 911999, text the word Mike, and you can get there. And if you want to go to MikeOnline .com, you can do that as well. The banner is at the top of the page. It's a big red one that says emergency supplies needed, and asking you to help out today. Paul Jacobs of Food for the Poor, thank you for what you're doing. Thank you for trying to inspire us to be involved. For what it's worth to the people of, listen, my family, the McCulloughs, we've given to Food for the Poor for almost two decades now. We love this organization, and we love what they're doing, and I've seen it with my own eyes do the good that Mike has been telling you about for these last many weeks. We're coming right back on The Mike Gallagher Show. Lots of news still to get to this morning, and lots more of your phone calls when we return. Stay here. Something has gone terribly wrong with the world economy. Before you lose faith, be sure to read the book, Life After Capitalism, now on sale from Regnery Publishing.
DARKWEB.TODAY - Hackers & Cyber SECURITY
A highlight from THE UNYIELDING JOURNEY OF ALBERTO DANIEL HILL: RESILIENCE PERSONIFIED
"The Unyielding Journey of Alberto Daniel Hill, Resilience Personified In the echoing canyons of time and the intricate network of evolving technology, a tale of unyielding resilience, powerful determination, and profound inspiration unfurls itself, a human saga that transcends the ordinary, lending an extraordinary sheen to the digital canvas of life, this is the Odyssey of Alberto Daniel Hill. Alberto's passage into the realm of cryptocurrencies began four riveting years ago, a journey marked not just by milestones, but by meteors that illuminated the dark night with their radiant brilliance. His was not a voyage on calm waters, rather, it was a relentless dance, spinning tirelessly with the ever -shifting currents of the unpredictable world of blockchain technology. For three tumultuous years, Alberto intertwined himself with the enigmatic mysteries of blockchain technology, his spirit unfettered by the turbulent waves but elevated by the winds of constant learning. His resilience, reminiscent of an indomitable tree, stemmed from a conviction, a conviction to decode the mysterious symbols of this state -of -the -art technology. A turning point in this compelling narrative would be his instrumental participation in the launch of an initial coin offering, ICO, in 2017. As an erudite team member, his expertise shaped the eco's path, ultimately carving Alberto's first indelible mark into the expanding universe of digital currencies. This marked the dawn of a transformative era, his confidence growing with a rising sun. As the world began to notice this rising luminary, conferences across Uruguay and South America echoed with the resonant sound of his voice. His compelling narratives about cryptocurrencies and their intrinsic security issues engendered a hushed excitement and anticipation that peppered the halls filled with eager listeners. Then, came the crossroads. A moment when Alberto matured from his explorations of bitcoins, was drawn irresistibly towards the broader landscape of blockchain technology and fintech. Heeding to this siren's call he took the bold step of resigning from his tenured position as an information security professional at Uruguay's largest company. The year was 2016, and a new chapter was etched in his escalating ascend, the birth of cryptocurrency services. Our protagonist, however, was armed with more than courage and curiosity. Two decades of experience in information security, consulting, IT security, computer forensics, and ethical hacking endowed Alberto with a solid bedrock of knowledge and credibility. His proficiency was proven, his stature was definitive, and his dedication unyielding. Alberto's fortitude wasn't just a show of personal resolve, he held high the torch of knowledge, illuminating the path for others to follow. As a project management professional PMP, he successfully led numerous information security projects since 2011. As an honored recipient of the Cybersecurity Fundamentals Certificate, CSX, from ISICA, a prestigious organization that gifted him with a platinum membership recognition, he made a mark that was impossible to overlook. Today, Alberto has fully immersed himself into the intricate workings of blockchain and NFT technology. As he maneuvers impressive NTF projects and fortifies the ecosystem, he shares his wisdom as an author of numerous articles, and as a teacher of their profound depths. His words now find their way into two inspiring books about NFTs, a testament to his commitment to advancing knowledge. The story of Alberto Daniel Hill resonates with a profound lesson, resilience and determination are the twin stars that guide us through the storms. Bearing them in our hearts, we're given the power to forge our unique path, the ability to touch the stars of our dreams. For as we unravel Alberto's journey, we find that it's not just his story but an empowering narrative of unequivocal resilience and unyielding genius, inviting us all to acknowledge our inherent potential amidst life's adversities.
Crypto News Alerts | Daily Bitcoin (BTC) & Cryptocurrency News
A highlight from 1381: Bitcoin Will Touch $100 Million By This Date - Fidelity
"In today's episode, I'll be breaking down the latest technical analysis, as well as breaking news. This just in, BRICs to officially abandon the US dollar for trade settlements, quitting Max Kaiser. This is what happens. The BRICs following up on Russia's big win in the Ukraine will launch a gold -backed currency. The reaction from NATO countries will be fatally panic print fiat money. Also in today's show, analysts issues a dire warning for Bitcoin and says Bitcoin price can plunge below the 2022 lows. I'll be breaking down these targets. As well as Glassnode founders predict Bitcoin will soar to new highs sooner than expected. And I'll be giving you a hint, it's a six -figure target. Send it and let's go. As well as ex -Goldman Sachs executive Raoul Pal predicts crypto hits $10 trillion valuation after family offices and institutions arrive. We'll also be discussing breaking news the Bitcoin halving can take the Bitcoin price action to $148 ,000 per coin by July 2025. According Petterra to Capital, we'll also be discussing our main story of the day and that's Fidelity, one of the largest asset managers in the world. They're predicting the Bitcoin price to touch $100 million. I'll be sharing their date as well as their latest analysis. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo, what's good crypto fam? This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at cryptonewsalerts .net. Again that's cryptonewsalerts .net. Welcome everyone. Just tuning in. This is pod episode number 1381. I'm your host JV and today is August 24th, 2023. Checking out our market watch, which you can see here on the screen. Unfortunately, we didn't hit 27 ,000 though. We got quite close yesterday. Today we corrected back in the red with Bitcoin barely holding on to 26 ,000 as support down two and a half percent for the day. We also have Ether down two and a half percent trading at roughly $1 ,650 and checking out coinmarketcap .com, the current crypto market cap sit just above that trillion dollar milestone with roughly 30 billion in volume in the past 24 hours with a Bitcoin dominance at 48 .3 % and the Ether dominance at 18 .9%. And checking out the top 100 crypto gainers in the past 24 hours, we have Bone leading the pack, no pun intended, up 12 and a half percent trading at $1 .43, followed by Render up two and a half percent trading at $1 .46, followed by Immutable up just 1 % trading at 58 cents as virtually all the major alts are currently correcting and in the red as we can see here on Crypto Bubbles. And checking out the Crypto Greed in Fear Index, one of my favorite indicators, shows we're currently rated a 41 in fear. Yesterday was a 37, last week a 50 and last month a 50 in neutral. So there you have it. Welcome to everyone just joining us for our live stream today. I appreciate all the live support as we receive here each and every day. Without further ado, let's now break down our Bitcoin technical analysis and check out the charts and what's popping with the King Crypto in the markets after last week's massacre that brought Bitcoin from about that $29 ,000 level to $25 ,300, which is a new two month low within a single day. The asset started to show enhanced signs of stagnation. Now the next several days, including the typically less volatile weekend, were quite boring with the Bitcoin price standing at around $26 ,000, which is precisely where we're at at the time of this recording. Now the only more notable move came yesterday when Bitcoin fell by over $500 ,000, but recovered those losses almost immediately. And as such, it had calmed at around $26 ,000 before the bulls stepped in on the gas pedal and pushed it north $800, which resulted in a six day high, which sits at $26 ,800. So as of right now, Bitcoin has lost some steam, but it's still practically broke even for the day. We're down 2 .5 % at this time. And also we can see the altcoins obviously getting wrecked as well. So the altcoins suffered just as badly and even worse than Bitcoin plummeting last week, and they failed to produce any substantial gains for the following days. And I'm actually curious, which altcoins are you currently bullish on, if any? Let me know your honest thoughts in the comments right down below. And now let's actually check out this tweet from Watcher Guru, who points out just then the BRICS to officially abandon the US dollar for trade settlements. And Max Keiser wrote, this is what happens. The BRICS following up on Russia's big win in the Ukraine will launch a goldback currency. The reaction from NATO countries will be fatally panic print fiat money as that money printer continue to go. He also said that this is announcement number one, abandon the US dollar. Next they'll announce a common gold backed currency. And he quoting himself here from Najee Bokele, Nax is always right. So preach and shout out to Max Keiser and Stacey Herbert of the Kaiser report. Now how many of you have been following BRICS? We have been covering this story here on the show. Now, many nations all united together for the de -dollarization of the US dollar and introducing a new currency, which is allegedly going to be gold back. So it'll be interesting to see how all this plays out. All I know is this only keep in fiat what you're willing to lose. Take that to the bank, pun intended. Now let's break down our next story of the day and discuss new lows, which could be incoming as per crypto analysts. I'm going to be sharing some of these targets and then we'll get into some of our bullish price predictions. So I like to cover the lows as well as the highs. Here we go. Bennett tells his 111 ,000 followers on X that Bitcoin can plunge by nearly 50 % from the current price. Holy moly. Wouldn't that take us like, what, south of 13 ,000? Using a chart showing Bitcoin had fallen out of the ascending channel that it has been stuck in for about a decade, Bennett says Bitcoin could plunge to slightly below that support level of $14 ,000, acting as a strong resistance zone between 2018 and 2020. Now, I'd like to point out, as you all should know, the current low for this cycle is 15 ,700 we hit in the fourth quarter of last year. So this analyst is ultimately saying we could potentially expect a new low of $14 ,000. Let me know if you agree or disagree with the analyst, quoting him here. I posted this Bitcoin chart showing macro resistance at 29 ,000 to 33 ,000 back in March. 31 ,800 was the recent swing high. That's right. It's the annual high for this year's 31 ,800. And he goes on to share, guess what comes next? Well, according to Bennett, a Bitcoin plunge could be set off by the S &P 500 falling by double digit figures, quoting him here. What could trigger it? The SPX doing this, correcting by over a quarter of its value. It'll be interesting to see if August finishes as a bearish engulfing month. Now earlier in the month, it's also worth noting, Bennett predicted that the S &P 500 stock index would plummet if it failed to go above 4610 points reached in July. Now the 4610 level is SPX lowest relative high to the 4820 points recorded back in January of last year. Quoting the analyst again, a 27 % dump from the SPX is more than possible if this confirms as a lower high. We have already seen significant breakdowns from other indices and big names like Apple. So don't rule it out. Imagine the carnage in the crypto market if this materializes. So there you have it. Let me know if you agree or disagree with the analyst. I like to keep all scenarios open for a possibility or probability. I think it is less probable to happen than to happen. But even if there is a 10 or 15 or 20 % chance of that playing out, you should be prepared. Now with Bitcoin, it's great because when the market drops, you seize the moment. Keep stacking them stats, BTFD, DCA, dollar cost average. And when the price goes up, you just count your blessings and you're grateful that you were stacking stats during the bear market. So either way, whatever comes ahead, we're going to capitalize and continue winning because that's what we do here on Crypto News Alerts. Now let's discuss this $144 ,000 price prediction by Glassnode founder in 2024, which is right around the corner. We also have the Bitcoin halving right around the corner. So let's break this down, shall we? The co -founders of the crypto analytics firm Glassnode think Bitcoin can soar towards a new all -time high faster than many analysts and traders expect full send it. Let's go. Glassnode co -founders who share the Nijentropic Trop, whatever you pronounce that word, handle on X, predict that the US dollar index will peak at 106. The US dollar index is a measure of the value of the US dollar against a basket of six major currencies valued at 103 at this time, according to MarketWatch. Now the founders of Glassnode predict that the US dollar index hitting its peak will set the stage for the prime Bitcoin environment. Send it. A peaking US dollar index suggests that investors are starting to make their capital work and risk assets such as cryptocurrency, quoting them here. Up next, Bitcoin aiming for $37 ,000 before soaring higher in the autumn as outlined right here in this chart. I sure do hope they're right. Now the Glassnode co -founders also share a chart that projects Bitcoin will surge more than $144 ,000 per coin by early 2024. As outlined right here in this chart, you can see that top peak is hitting $144 ,000. Wouldn't you love to see that? They also go on to share that oversold indicators hint at potential short -term gains. However, keep an eye out for the risk signal plateauing at 100, suggesting a consolidation phase until the demand dynamic shift, which is outlined again here in this chart. Now with Bitcoin currently trading at 26 thou, the top ranked crypto asset is roughly 62 % down from its all -time high of more than 69 ,000, which it achieved back in November of 2021. That's right. So great time to be stacking stats at a 60 % discount, I'd say. Wouldn't you agree? Let me know. And how many of you have been doing just that and buying the dips? Holla at your boy in the live chat. Like I said, at the end of the show, we'll be reading everyone's comments out loud. Now let's talk about the latest from the ex Goldman Sachs executive, the one and only Raoul Pal. He's predicting a $10 trillion market cap. As you know, the current crypto market cap sits just above $1 trillion. So he's ultimately saying the entire crypto market is to 10x. Then we'll break down Pantera Capital's latest $148 ,000 price prediction and followed by Fidelity, one of the largest asset managers in the world, predicting the Bitcoin price to hit $100 million per coin. Then we'll dive into our live Q &A. Former Goldman Sachs exec Raoul Pal predicts that the total market cap for cryptos will soon soar to $10 trillion as institutions pour into the digital asset space. In a new interview with Binance's sales manager, the macro expert says financial institutions are likely to follow family offices, which typically take on higher than average risks into crypto investing. Quitting the analysts here, I think in this next phase, the next bull market or the next business cycle, we'll see a mass onboarding of institutions. I have seen this space before. Usually it's the family offices that are first to take the risk. And we have all seen that in this space. Many family offices were the first to invest because they are freer to do what they wanted with their own capital. As I have said, most of the institutions have done work, including the investment banks. And so now they just need price confirmation and then they'll be in. So I think we'll see a lot of that. Paul believes that institutional investment in crypto will be large enough to drive the total market cap of digital assets to more than $10 trillion. More than triple its $3 trillion market cap peak, which was hit back in 2021. Quitting him again here, the asset class at peak was $3 trillion in 2021, the same year we hit the all time high of $69 ,000, just FYI. It's almost impossible for the retail investors to continue this pace of adoption. It needs institutional capital as well, which drives out the ongoing adoption curve. So my view is still by the end of this cycle, this space is probably $10 trillion plus. And that happens because of the institutions coming into the space, offering more products to their clients. And he continues. So institutions coming into the space tends to mean that BlackRock, the world's largest asset manager, offers a product to their network of advisors. So it allows more money to come into the space via different mechanisms. An example, aggregated mechanisms of funds as opposed to individual accounts being open on Binance, for example. So there you have it. Let me know if you agree or disagree with the macro guru that were likely to see a $10 trillion crypto market cap, more than 3X the peak that we reached in 2021. Let me know in the comments below. And to watch this video he did entitled Binance VIP Voices, episode one with Raoul Pal from Real Vision. Check the show notes below the video in the description. And now for our next story of the day. And that's Pantera Capital predicting the Bitcoin price to soar above $140 ,000 in the coming times ahead. Let's break down this outlook and then we'll cover the latest from Fidelity. And their $100 million Bitcoin price prediction. Here we go. And if you'd love to see a $150 ,000 Bitcoin price for the cycle peak, let me know. In its latest blockchain letter released on August 22nd, executives at the crypto asset manager doubled down on their Bitcoin bullish price forecast for 2024 and beyond. Now the Bitcoin price performance depends heavily on its halving cycles. Pantera Capital argues with the next due within the coming 12 months. In fact, the next halving is scheduled to be in April of 2024, less than nine months. Take that. The firm is betting that historical trends shall continue. Bitcoin, it notes, tends to put in a cycle bottom and top roughly equal lengths of time from each block subsidy halving. Facts, which cuts the number of Bitcoin paid to miners per block by 50%, quoting the firm here. Bitcoin has historically bottomed 477 days prior to the halving climb leading into it and then exploded to the upside. Afterward, the post halving rallies have averaged 480 days from the halving to the peak of that next bull cycle. That same theory suggests that the 2022 bear market bottom marked the current Bitcoin price cycle bottom, quoting them here. If history were to repeat itself, the price of Bitcoin should have trough December 30th, 2022. And looking forward by the halving date in April of 2024, Bitcoin could be trading at around 35 ,000, something that is still on track to accomplish. I'd say that's quite conservative considering that's just a few more thousand from where we're currently at. However, what happens in the 480 days afterward involves not only a new all time high, but so much more. Quitting Pantera here, the 2016 halving decreased the supply of new Bitcoins, only one third as much as the first. But interestingly, it had exactly one third the price impact. The 2020 halving reduced the supply of new Bitcoins by 43 % relative to the previous halving. It had a 23 % as a big impact on price, Pantera stated. The next halving is expected to occur April 20th, 2024, roughly, what is that, eight months out. Since most Bitcoiners are now in circulation or Bitcoins, each halving will be almost exactly half as a big reduction in the new supply. If history were to repeat, the next halving would see Bitcoin rising to 35 ,000 per coin before the halving and 148 ,000 after the halving. Now, 480 days from the April 2024 halving makes Bitcoin scheduled to hit its next all time high by July of 2025. Let me know if you agree or disagree with Pantera. Now, Pantera is far from alone in predicting a six figure Bitcoin price high beyond next year. We also have optimistic forecasts, including those based on Bitcoin's so -called lowest price forward metric, which this month showed Bitcoin passing the $100 ,000 mark by 2026. And naturally, there are a lot of bullish metrics predicting six figures plus, including the stock, the flow. Others also believe that $100 ,000 is possible not before the next year's halving, but some analysts are saying we can hit $100 ,000 before the halving. So I'd love to know your thoughts. Let me know in the comments right down below. Welcome, everyone, just tuning in to the live show. Now let's break down our final breaking story of the day. And that's a $100 million price prediction per coin for Bitcoin as per Fidelity, one of the world's largest asset management companies. They control currently over $4 trillion in assets under management. The other year, they were maybe as high as $8 trillion. So you know, it fluctuates. But again, one of the largest asset managers in the world. Let's break this down, shall we? While several retail analysts have been given some crazy targets for Bitcoin, this time investment giant Fidelity has made some mind blowing predictions in its recently held very special webinar. Just FYI, this prediction was made back in September of 2021 on $100 million by the year 2035. And a few months later, he ultimately said, I think we're a little bearish. Let's raise it 10x to $1 billion per coin by the year 2038. So I'm going to be breaking both of these predictions down for you here in just a moment. Now Fidelity has been in the crypto space for a while. The financial giant has its own crypto subsidiary offering enterprise grade Bitcoin custodial services to institutions, drawing inferences through the stock to flow model by Plan B. Fidelity has put forward a $100 million price target for Bitcoin by the year 2035. And furthermore, it sees Bitcoin touching a $1 million price target in a decade's time. Bitcoin's exchange guide was the first to report about it. Shout out to the Bitcoin exchange guide. Now Jarian Timmer, director of Global Macro, was the host of the webinar, and he shared several charts helping the audience understand Bitcoin. Now, is it even a realistic expectation for Bitcoin to touch that $100 million mark? Although we have 15 years of the time horizon to touch these targets, it seems unrealistic at this point, one of the crypto analysts on Reddit noted. And furthermore, Timmer also shared charts showing the Bitcoin adoption curve based on its active address count. He also showed an interesting comparison with internet users, broadband subscriptions, as well as mobile phone users. And interestingly, the webinar put some light on the purchasing power of different asset classes. Stocks were the clear winner, followed by bonds and cash. The purchasing power of the US dollar stood the least. The yellow metal, aka physical gold, isn't even doing better at $94, whereas the inflation index has skyrocketed to $65. And after staying under pressure for the past two days, Bitcoin ends on another attempt for $50 ,000. And again, this was going all the way back to 2021. So a few months later, Jarian Timmer, head of Global Macro at Fidelity, makes another very prediction interesting that the Bitcoin price is not going to $100 million no more. It's going to a billion dollars per coin by the year 2038. So let's talk about how realistic this could be. To support his forecast, Timmer employed a combination of models and charts with a particular focus of the stock to flow model and his own demand model. These analytical tools form the foundation for his primary prediction. And you could actually see in this chart brought to you by Fidelity, the above demand model employs Metcalfe's law. And according to this, the number of its users grows linearly, a network's value or by inference, the Bitcoin price grows geometrically. This means that the utility and the adoption of Bitcoin are expected to grow more rapidly compared to its network of users, exchanges, ATMs and participating retailers. Therefore, this model predicted the Bitcoin price to reach $1 million by 2030. And let's talk about that really quick, because we also have other major, major influencers in the space, including ARK Invest's Cathy Wood, also predicting a $1 million Bitcoin price. We have Michael Saylor, we have Max Kaiser, we have Plan B of the stock to flow model, and the list goes on and on. But anyways, back to this prediction. In contrast, Timmer stock to flow supply model noted the event of significant price surges during each halving event. Consequently, when considering this model in conjunction to other factors, it foresees a price range of $1 million to $10 million for Bitcoin by the year 2030, virtually the same prediction as the stock to flow model. Timmer's demand model is more inclined towards reflecting the bottom of the Bitcoin price. But on the other hand, the stock to flow model seems to provide a better approximation for the peak of the king coin. However, it's worth noting that the disparity between these two models widened significantly beyond the year 2030. The reason behind the gap is expected to be the changing value of the dollar. Can anyone say hyperinflation coming to the USD? Timmer proposes that the value of the dollar undergoes fluctuations over time when compared to other assets. For instance, if $1 was invested in stocks during the 18th century, its present day value would be about $4 billion. That's crazy, right? And similarly, Timmer implied that if $1 million is invested today, it can grow to $1 billion in a span of 20 years. So he's virtually saying, want to become a billionaire? Just invest $1 million into Bitcoin and HODL be thy name. This further revealed that the purchasing power of the dollar has significantly reduced due to the factors like inflation as well as depreciation. Thus Timmer's statement implied that keeping a fixed amount of dollars for many years may lead to a reduced purchasing power due to the assets changing value. And I think he makes a great point as Michael Saylor called it. It's like a melting ice cube keeping fiat currency in the bank. It just makes no sense whatsoever. Now check it, over the last few years, an increasing number of companies are taking over the $1 trillion market cap mark. As a result, it is foreseeable that in the next two decades, 20 years, the concept of a trillion dollar valuation will become more common so much that individuals themselves could be worth a trillion dollars or even more. The scale of numbers may even reach the quadrillion range. I already know for a fact people like Michael Saylor and CZ, the Binance CEO, will become trillionaires. Mark my words. And despite Bitcoin's historical growth, it has recently faced a significant setback. Bitcoin's network activity had diminished. Well again, this is tracing that back. Higher network activity likely increased transaction volume. Well something I have to point out, yesterday as I covered in the show, we just reached a new difficulty adjustment, the highest it's ever been. The hash rate continues to go up and as Max Keiser commonly says, the Bitcoin price follows the hash rate. So we'll likely see how the Bitcoin price will likely play out, you know, by the time of the next halving, which again is what, eight, nine months away in 2024. And then of course, by 2030, will the Bitcoin price be a million dollars or $10 million? Will the US dollar be hyperinflated by that time? And could this be a realistic scenario by the year 2038? One bit, oh shit, one Bitcoin, but we can literally hit an insane $1 billion price value for the king crypto. So, let me know your honest thoughts in the comments right down below. And don't forget to check out cryptonewsalerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode, HODL. Actually at the end of the day, in today's show, we'll be breaking down the latest technical analysis as well as breaking news, BRICs to officially abandon the US dollar for trade settlements, Max Keiser's response. This is what happens. The BRICs following up on Russia's big win in the Ukraine will launch a gold -backed currency. The reaction from NATO countries will be to fatally panic print fiat money. We'll also be discussing analysts issuing a dire warning for Bitcoin, says Bitcoin can plunge to new 2022 lows. I'll be sharing all of his targets as well as Glassnode founders predict Bitcoin to soar to new highs. And I'll give you a hint, it's in the six -figure range. We'll also be discussing ex -Goldman Sachs executive Raul Powell predicts the crypto market to hit a $10 trillion valuation after family offices and institutions arrive. We'll also be discussing breaking news the Bitcoin halving can take the Bitcoin price action to $148 ,000 by July of 2025, according to Pantera Capital. We'll also be discussing our breaking story of the day, Fidelity expects the Bitcoin price to soar to $100 million per coin by the year 2035. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show.
The Bad Crypto Podcast
A highlight from Legally Pay Less in Crypto Taxes!
"Would you like to get paid to listen to this podcast grab the fountain app for free and get all our badness But earn some sweet Satoshi's download for free now at fountain FM Imagine paying only four percent taxes to the government for your business income and now imagine paying zero Capital gains taxes for all of your crypto gains. Well, I don't imagine it. I'd live it Legally, sir. Lord Travis is super busy today so you've got me and my guest Davin Michaels here to discuss how the tax situation that I mentioned is real life and How you can surround yourself with high performers that may help set you up for a very profitable Future by joining us on the high seas. Yarr sound exciting Ahoy, matey come along with us on this ride for episode number 693 of the bad crypto podcast Welcome to the bad crypto podcast Sir Lord Joel come here with you Travis Is getting ready to do some globe trotting and he's got a lot of stuff to do. He's very busy right now And so I'm rolling solo today, but not truly because I've got a guest with me he's an old friend and We're just gonna jump right into the interview because there's two things that I want you to walk away with as you listen number one how to pay less Taxes legally and not just crypto taxes, but any type of gains taxes on your stock portfolio taxes on your precious metals gains crypto and more and I want to invite you to come along with us on a vacation on the high seas. You're gonna love this Let's listen in As You know Sir Lord Travis and myself have been living in Puerto Rico now for over two years It's it's been really interesting met a ton of incredible people, but one of the gentlemen who is Responsible for me being here is an old friend. His name is Davin Michaels Davin's an entrepreneur he's a crypto guy and He was on episode number 382 of this podcast a little more than three years ago But you might not know it because he was on the same show as dr. Ron Paul Dr. Paul, of course was the headliner and then there was like oh also Davin and I wanted to give him the spotlight today because we've got a lot of really interesting things to talk about Davin Michaels welcome back to the Republic of bad cryptopia, sir Mr. Joel calm my dear friend of almost 15 years. It's great to be here with you Mika No, I think it might be longer than that. I think it might be too if we had met around 2007 it's it's 16 years. Yeah. Yeah, we just taken it your way for me. I'm sorry about that We just celebrated the 15th year of one to three employee. I was shooting a commemorative video for our employees So that's 15 years there Wow And for those of you watching the video version on YouTube rumble or Odyssey that is a real background Davin lives really a big stones throw away from me right on the harbor here in Palma still Mar and It's a beautiful day. It's a hot day But you know, what's mind -boggling to me is here We are closer than the rest of the states to the equator and they've been having a worse heat wave Then we've been having yeah, not too bad here. Not too bad. Nice breeze Beautiful paradise all year long. Yeah So for those of you that really want to go deep on the Puerto Rico connection and the tax benefits I recommend you go back to the episode. We recorded three years ago. It's bad co dot in 382 we'll have that in the show notes for this particular episode as well But I want to touch on it Devon before we get into some other things today Including we're gonna be talking about so you guys want to stay tuned for this an interesting opportunity To go on a cruise with us in April. That's a little teaser for you let's let's start out with the overarching benefits of why Americans are moving to Puerto Rico Yeah, absolutely so Puerto Rico is a territory and if you are a u .s Citizen and you jump through the legal hoops and you make Puerto Rico your legal home In other words, you live here at least half the year then you essentially pay almost no tax So we pay four percent federal income tax We pay zero percent capital gains We pay zero percent in dividends and it is truly a game -changer a dear friend of both yours and mine and neighbor of So many years John Lee Dumas who is an unbelievably successful podcaster JLD always says I work 4 % of the year for the federal government and 96 % of the rest of the year for myself. He said he works the first couple of weeks of the year for the government then that's it and That's that's a big game -changer. So we lived in LA where we were paying I don't know between You know corporate and federal and state and I think I was paying about 63 % in taxes and it was just absolutely ridiculous And so we first moved to Vegas got rid of the state tax and then eventually moved here and got rid of most of it But there's so many more benefits, too So for example, one of the greatest benefits is is deal flow and you were talking about that a few minutes ago The amazing people you meet here because you got to be a mover and shaker to do this You know, you you have a tax situation, right? You need to save money. You're doing well in addition to that To pick up and move to a territory You have to be a pioneer which you are such a pioneer and you you and I both have that pioneering spirit as does Everybody over here. And then what happens is you have to spend at least a half a year in paradise. It just sucks Right. I mean look at this. It's just so hard, you know, so it's gorgeous here all year long There's great food great people and the actual people who live in Puerto Rico actual Puerto Ricans Are some of the loveliest people in in the world. They will just give the shirt off their back for you They are so nice. So wonderful and I'll give you an example You just walk down the street and people are saying good day to you. Good day. Good day Good day. Well, we leave we travel and and people aren't speaking to us like saying like greeting us on the street We're like gosh, you know you get used to this, right and then we greet people and they look at us like we're crazy But there's also a lot more benefits than just tax benefits. So so the way all this works is Puerto Rico is a territory. They have their own tax authority and it's not the IRS It's hacienda. And so if you're a bona fide resident of Puerto Rico, that's who you're paying your taxes to you're letting the IRS Know what you're up to but you're paying hacienda And there's all these other programs that are available to they used to be a whole bunch of different acts They've now put them under an umbrella called act 60 when Joel and I got into this It was called act 2022 and we were just two of those acts but now act 60 brings them all together and Just to give you some examples of some of these acts I have a car that is a plug -in hybrid It only gets 19 miles on a charge. Okay, it's just it's just a token thing But because it has a plug I was able to import it here tax -free and save 30 % in taxes There's an entertainment tax here. My cousin Danny was just here shooting a Pilot for Amazon. She got a 40 % tax break of which you can you know cash in that tax break at 97 and 19 to 99 cents on the dollar so it's essentially cash back There is a hospitality credit if you have like an Airbnb that has at least I think it's seven or eight beds and baths You get 40 % back over four years Many of you who might live in the u .s. Might be familiar with Opportunity zones where you get amazing tax benefits Well, 98 % of this entire island is an opportunity zone and this list just goes on and on I learn about all these new incentives all every day and I don't know all of them But in a few minutes, we're gonna talk about one way that I'm gonna both you and I are gonna learn all about them And by the way, Joel My guess is you don't know about all of them either. No, I don't I know, you know act 60 That's that's what I'm here on and it's you know, what you say is so true I came for the tax breaks. Yeah, and I did have friends already. I knew you and I knew JLT and Had visited in fact I think that we you're recording the last time you were on the show was when I first visited you In February 2020 the episode came out the the following month and we were going to move Yeah that May and then kovat hit and everything became more complicated and we put it off for another year But I'm really glad that I pulled the trigger when I did I came for the tax breaks But I'm staying for the community I have never in my life and I'm approaching 60 ever nor in a community like this of high performers of creative people of good hearted people and you have everything in where we live in Palma del Mar from Thousandaires to billionaires and from hanging out with people you wouldn't know the difference of who you're hanging out with Because it seems like the egos are largely checked at the gate and people were all here kind of for the same reasons Yeah, it's a yeah for sure. Sorry to interrupt. It's but yeah, it's like kind of a flip -flop and t -shirt community, right? So how are you gonna be flexing? You know what I mean? So it's nice. It's nice people do check their egos at the door I think for the most part there's all of these Groups that were in and signal and what's happened. There's always something going on You know, I've become a pickleball enthusiast since I've moved here. Erin is a big golf Enthusiast and you know, we we live on the golf course So holes five and six of the palms course are right behind our condo And the beach is right outside the door. And so it's just there's always something to do We're going somewhere tonight. Are you are you joining us tonight? What's going on tonight? I don't know Okay Yeah, check check with your social director. I'll check with mine. Yeah, but Like you said I've never experienced anything like it except on like television, right? These little you know, these TV shows that take place in this little small town Everybody knows each other and they're all like best homies, but I've never experienced in real life until moving to Puerto Rico I think part of it is you know when you're in the city like we came from Denver To somebody's orchestrate calendar with yours in multiple couples calendars to get together. It's a big deal It's an event here. There's so many people and so many friendly people that it's like hey, what are you doing for dinner tonight? Hey, we're having you know karaoke at our place this weekend we're going to the beach club on Sunday and and people just continue to get together to the point where We have now had to since we've been here vacations with Groups people of from here So we basically just pack up Puerto Rico and we put it on a cruise ship and take it on the road and we'll talk A little bit more about that here soon. By the way, are you going to Rustin's a rip your float party tomorrow? Yes, I am But we have another party simultaneously, so we're gonna be jumping back and forth So Let's you know, we kind of hit on the governmental programs the things that are available here And we'll try and find a website for you guys that has all of the different acts so that you can take a look at Those let's talk a little bit about some of the the services on the island and the things that people are working on Yeah, so what's interesting is well, okay. So let me start with my own personal experience. So I always I Felt that when we came here we were gonna approach this as we are a guest in this Territory and and so I don't you know, try to push my opinions or agenda on anybody and My goal was to make this place a better place than when I got here Right to make a difference and make an impact and I like I kind of an impact jump junkie so I really like that and a lot of people are doing the same thing here and You know, you could you could actually come here and say I'm not gonna do any of that I don't want to have any impact I'm just gonna do my time and so on and so forth and you would still impact the economy because you'd hire a ton of people to help you with a bunch of different stuff and you put a lot of money into the economy and so I'm involved in a lot of projects here One of my favorites is I am a member of PMPR partnership for modern Puerto Rico which is the think tank that was created by Alberto backo who's the former secretary of commerce to Puerto Rico and He actually if you came in on our program act of 2022 several years ago He would have signed the decree because it was he and his regime if you will that that that ushered in act 2022 And it has had such a huge impact on the on this island So many things are happening I'll give you an example in this enclave that we all live in There has not been new development here in two decades in 20 years because it was overbuilt in the heyday prior to 2008 Now there's new construction here And people are benefiting one of the things that is included in the act 60 program not in my decree But in the current decree is that you have to buy a property within two years You can come here you can rent a place.
The Breakdown
A highlight from Why A Pro-Bitcoin, Anti-Central Bank Economist Just Won Argentinas Presidential Primary
"Alex Krueger, who I frequently quote, who is himself from Argentina, said, Mille is neither good nor bad. He is different. And for Argentina, different means good. Welcome back to The Breakdown with me, NLW. It's a daily podcast on macro, bitcoin, and the big picture power shifts remaking our world. What's going on, guys? It is Tuesday, August 15th, and today we are talking about the Argentinian presidential candidate who is a pro bitcoin candidate. Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it, give it a rating, give it a review. Or if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello friends, welcome back. If you have been on bitcoin twitter in the last day or so, you've probably seen someone talking about the pro bitcoin Argentinian presidential candidate that just won a primary election. As a representative tweet, Marty Bent said, Argentina electing an anarcho capitalist president and embracing bitcoin would be pretty epic, especially when the world sees how quickly they recover from a multi -decade bout of fiat -induced economic mismanagement. This is indeed a really interesting development. However, it can be very easy, all too easy, frankly, for bitcoiners or crypto advocates to get so excited about a politician from somewhere else sharing our views on those particular topics that we fail A, to see the politician for their full set of policies and beliefs, or B, fail to put it in the context of what's actually happening in the place that politician has emerged. I think both of those things are extremely important and so today what we're going to do is just a little bit a very, very superficial background on Argentina, its recent economic turmoil, and of course the candidate in question, Javier Millet. So first let's talk about what actually happened. On Monday night there was a shock election result when libertarian congressman Javier Millet secured a victory in the presidential primaries with 30 .1 % of the vote. Millet came in ahead of pro -business center -right candidate Patricia Bulrich, who garnered 28 .3 % of the votes, as well as the candidate from the incumbent center left government Sergio Masa, who got 27 .2 % of the vote. Masa is the current minister of economy and is a party member of the Renewal Front, a part of the ruling coalition of democratic socialist parties. To get a sense of why people around the world are talking about this, economics professor Lawrence White wrote, 30 % in the first round for a candidate who wants to abolish the central bank and dollar rise. Remarkable and encouraging whatever disagreements I may have with Millet on other issues. So who is Javier Millet? Well, he's a relative newcomer to Argentine politics. He was a founding figure in the libertarian coalition, which was formed in 2018. The party's power base is centered on the capital of Buenos Aires, but they are far from a dominant political faction. The party had a glimmer of success during the 2021 elections, obtaining a parliamentary seat for Millet. Overall, the libertarian coalition holds only four seats in the 257 seat lower house and none in the senate. One of the things this could mean that if Millet is successful in the final round of presidential elections to be held in late October, he might need to form an alliance with the center -right opposition in order to pass legislation. Before turning his attention to politics, Millet had a two -decade long career as a professor of economics. He is firmly of the Austrian school, believing in hard money principles. He has been highly critical of the university of Buenos Aires, which he views as being responsible for the, quote, proliferation of Keynesian brutes. Outside of economics, he is extremely socially conservative. He's put forward opinions, for example, around the extreme restriction of abortion, unrestricted civilian access to firearms, and climate change denial. Now, one of the things that you'll note if you've spent any time with Western press characterizations of Millet is that he gets compared to other right -wing populists like Trump and Bolsonaro quite a bit. In fact, most of the American coverage of him includes some phrase like Trump -loving or Trump -admiring literally in the title of the article. What's important to note is that his political communication is significantly more focused on politics. Indeed, his election campaign has centered on the economics of Argentina. During rallies, he has called for a massive reduction of government spending, formal dollarization, and the abolition of the central bank. He's also come out as a fierce advocate for Bitcoin as an answer to the control imposed by central banks over the money supply. However, before we go deeper into the Bitcoin dimension of this story, let's talk a little bit about the larger context. The Wall Street Journal characterized Millet's victory as a middle -class revolt, and it's pretty hard to argue with that point. Millet outperformed both the center -right opposition candidate as well as the center -left candidate from the incumbent government. Indeed, his victory in this preliminary stage of the elections is being viewed as a rejection of career politicians and the ruling class in Argentina. Current ruling party is part of a coalition of Peronist democratic socialist parties which have carried forward the political ideals of post -World War II president Juan Perón. While obviously the political history of an entire country is way, way out of depth for this show, at a very high Wikipedia -style level, Peronist presidents have been successfully elected in 10 of the last 13 elections in which they have been allowed to run, and so in that way definitely represent the entrenched incumbents in Argentina. Their ideology features things like nationalization of industry, strong government -supported labor unionization, and a hefty dose of social welfare. However, this ideology has been increasingly on the outs over recent years. For example, between 2015 and 2019, Mauricio Macri from the opposing center -right party, the Republican proposal held the presidency. In 2021, the Peronist coalition lost their majority in the Senate for the first time in 40 years, leaving the party impotent to pass legislation in their own right. Now, Mille's surprise victory on Monday could represent the final collapse of power for both of the major political coalitions in Argentina. Pre -election polling had the Dark Horse candidate finishing in third place behind the more established party figures, but was obviously way off. Now, part of why there has been such a political shift is that Argentina is going on 25 years of economic dysfunction. Starting in 1998, a string of global economic shocks led to a three -year depression punctuated by a sovereign default in 2001. In that period between 1998 and 2002, the Argentine economy contracted by 28 percent. Because of that, the nation turned to the IMF for debt restructuring to deal with an exponentially growing pile of dollar -denominated debt. After 2023, growth did return. Both unemployment and the 2008 global recession with its growth intact, but the economy sputtered out again in 2013, and since then, Argentina has experienced five recessions in the past 10 years. Now, things arguably took a turn for the worst after the change of government to the longtime opposition in 2015. By the second half of that year, inflation hit 30 percent, and the Argentine peso was cut in half to an exchange rate of 30 pesos per U .S. dollar. The central bank responded by hiking interest rates to 45 percent and draining its foreign currency reserves to bolster the collapsing peso. Inflation never came back down significantly below 40 percent prior to the pandemic, and the peso continued to devalue year after year. In 2019, power transitioned back to the dominant center -left coalition, and capital controls were put in place. Citizens could no longer freely exchange their pesos for dollars. In this environment, the central bank sets an official fixed exchange rate, at which individuals are only allowed to exchange $200 per month without paying punitive taxes. In spite of that official rate, however, the nation functions as a semi -dollarized state with citizens exchanging currency at a free market rate known as the blue dollar. This exchange in physical dollar bills is illegal but generally not enforced, as anyone who has visited BA knows. Alongside the blue dollar rate, there are a range of other exchange rates designed to act as either a subsidy or a tax on certain import and export industries. Most notably is the agricultural or soy dollar rate, which was introduced last year. The soy dollar rate was intended to offer farmers a more favorable exchange rate after they began to stockpile their crops rather than participate in economically critical export markets, however still had the problem of not being the actual rate that dollars were fetching on the blue markets. Now fascinatingly, on Monday, as it became clear that Miele had outperformed his rivals at the polls, the government announced another adjustment to the official exchange rate. The peso was devalued by 18 percent to trade at 350 pesos per dollar. Blue dollar rates also shifted by more than 14 percent and now sit at 675 pesos per dollar. That is a new all -time low for the Argentinian currency. Alongside the devaluation, the central bank hiked its key interest rate by 21 percentage points to reach 118 percent. Inflation is now firmly above 100 percent per year, and there doesn't appear to be an easy way to stabilize the currency or the economy. Now the devaluation is being blamed on an economic meltdown in reaction to the election. Alejo Costa, the chief Argentinian strategist at BtG Pakchual and BA, said investors like Miele's economic message but fear the execution and institutional risk considering his lack of power in congress and aggressive style. Now one concern is that Miele or any other president will have their work cut out for them. Claudia Kalich, the head of emerging market debt at MNG Investments, said that whoever is in charge by the end of the year will need to begin unwinding unsustainable policies. And ultimately this is what makes Miele's success at the polls start to make more sense. The core pillars of Miele's proposed economic reforms are to formally dollarize the economy and slash government spending to the bone. Given that the people of Argentina have seen their peso savings slashed by two -thirds in just the past year, the message appears to be resonating. So at this point let's start to bring crypto back into this story. Argentina is a place that has embraced crypto for some time now. In fact, I've often told this story on other podcasts, but in early 2019 I actually brought my father -in -law to BA for a couple day trip where we effectively just hung out with people who were working in the crypto space and that's where it really clicked for him. It was soon after that trip that he made his first bitcoin investments, which by the way, if you look at what bitcoin was priced at at the time, was a pretty damn good time to get in. Now back to Argentina itself, local laws allow for up to 20 % of wages in kind, which some workers have used to receive part of their salary in crypto. That has represented a significant boost for global workers who otherwise would have had US dollar payments automatically converted into pesos with the banking system. According to International Payroll Company Deal, Argentina has more workers getting paid in crypto than any other nation in the world. Now a big part of the adoption in Argentina is around stablecoins. This makes sense given how dollarized the economy is. Many blue dollar exchange offices now accept and distribute stablecoins and their use in the economy as a payment method is also increasing. Several major banks even began offering crypto services in recent years. Now perhaps because of all of this, the amplified adoption of crypto in Argentina has alarmed the IMF. Since 2020, the government has been seeking IMF assistance in restructuring its debt, but negotiations have been painfully difficult. The IMF has insisted on a range of economic reforms and austerity measures, but a lack of a parliamentary majority made it difficult for the government to make a firm commitment. In March 2022, the government signed a letter of intent with the IMF on a loan of $45 billion and one of the terms of the agreement was that central bank would discourage the adoption of crypto in Argentina in order to quell money laundering, informality, and disintermediation. This was, of course, the IMF's very own Operation Chokepoint Argentina and despite there being no formal policy, multiple major banks suddenly shut down their crypto services. Now $5 .4 billion of the IMF loan was distributed to Argentina earlier this year, but with elections and potentially a change in government coming, it's not clear when the balance of the loan will be paid out. For many citizens, the current government has used the central bank to pursue a failed policy of currency controls and sky -high interest rates. And in spite of all of that, inflation is still above 100 % and shows no signs of slowing down. Is it at all surprising then, that Argentinian citizens are attracted to a politician who pledges to burn down the central bank? Now, several months ago, when Mille was enjoying a groundswell of support, he made an appearance on national TV to put forward his economic positions. In that interview, he was asked specifically about his views on Bitcoin and what its adoption could mean for Argentina. Mille answered, and of course, all of these quotes are translated from Spanish. The first thing we have to understand is that the central bank is a scam. It is a mechanism by which politicians cheat the good people with the inflation tax. What Bitcoin is representing is the return of money to its original creator, the private sector. Money is a private invention. In order to be used to solve problems, for example, in a bartering economy, the double coincidence of wants and indivisibility. Then paper money appears in order to solve portability. And then that evolved and the currencies that people chose were silver for small transactions and gold for bigger ones. Then, because back then it was very dangerous to move the gold, people used to deposit the gold and get in exchange a receipt. Then in the year 1445, in the first Genovese Congress, the states appropriated the exclusivity to issue the money. That's the legal tender, which is a key point. Because legal tender allows the politician to scam you with the inflationary tax. Bitcoin has an algorithm that one day it will reach a certain amount and there is no more. It can compete with other currencies. In fact, it competes with Ethereum and others. And what is the good thing? It's the return of private money. But what is the problem? The problem is that governments will not give up the legal tender because with legal tender they can scam you with the inflationary tax. Bitcoin is the natural reaction against the central bank scammers and to make the money private again. The flip side is that the thieving politicians are not going to allow you to go against legal tender. In economies with high inflation, the scam problem is bigger. That's why, as I suggest, you can propose to close the central bank.
The Mason Minute
Fried Shrimp (MM #4525)
"The Mason Minute with Kevin Mason. I've had the strangest craving for a couple of two, three weeks now. I've been craving fried shrimp. Now, here's the strange thing. I don't think I've eaten fried shrimp in over a decade, maybe two decades. Growing up as a kid, we had one of those big deep fryers, so we always had fried shrimp. But as time moved on and I moved on and started eating in nicer restaurants, they weren't serving fried shrimp. So I'd do a shrimp scampi or I'd do fresh shrimp in a cocktail sauce or some kind of different entree. shrimp I don't eat shrimp that often, but for some reason, just good old -fashioned fried shrimp. My dilemma? Finding a place that has it. I don't want to do fast food like Captain D's, and we've got a lot of these juicy seafood places around town, and, well, from the reviews and from just the pictures alone, I don't think I'm going to be eating there. I'm not sure if we're going to do a Red Lobster or what we're going to do, but I didn't realize how difficult it was to find fried shrimp. Of course, if I had a deep fryer, it'd be another discussion. We could make it at home, buy the frozen stuff, boom, we'd be good. Of course, I can't do that. I haven't had a deep fryer in at least 40 years.
The Mason Minute
Fried Shrimp (MM #4525)
"The Mason Minute with Kevin Mason. I've had the strangest craving for a couple of two, three weeks now. I've been craving fried shrimp. Now, here's the strange thing. I don't think I've eaten fried shrimp in over a decade, maybe two decades. Growing up as a kid, we had one of those big deep fryers, so we always had fried shrimp. But as time moved on and I moved on and started eating in nicer restaurants, they weren't serving fried shrimp. So I'd do a shrimp scampi or I'd do fresh shrimp in a cocktail sauce or some kind of different entree. shrimp I don't eat shrimp that often, but for some reason, just good old -fashioned fried shrimp. My dilemma? Finding a place that has it. I don't want to do fast food like Captain D's, and we've got a lot of these juicy seafood places around town, and, well, from the reviews and from just the pictures alone, I don't think I'm going to be eating there. I'm not sure if we're going to do a Red Lobster or what we're going to do, but I didn't realize how difficult it was to find fried shrimp. Of course, if I had a deep fryer, it'd be another discussion. We could make it at home, buy the frozen stuff, boom, we'd be good. Of course, I can't do that. I haven't had a deep fryer in at least 40 years.
The Mason Minute
Fried Shrimp (MM #4525)
"The Mason Minute with Kevin Mason. I've had the strangest craving for a couple of two, three weeks now. I've been craving fried shrimp. Now, here's the strange thing. I don't think I've eaten fried shrimp in over a decade, maybe two decades. Growing up as a kid, we had one of those big deep fryers, so we always had fried shrimp. But as time moved on and I moved on and started eating in nicer restaurants, they weren't serving fried shrimp. So I'd do a shrimp scampi or I'd do fresh shrimp in a cocktail sauce or some kind of different entree. shrimp I don't eat shrimp that often, but for some reason, just good old -fashioned fried shrimp. My dilemma? Finding a place that has it. I don't want to do fast food like Captain D's, and we've got a lot of these juicy seafood places around town, and, well, from the reviews and from just the pictures alone, I don't think I'm going to be eating there. I'm not sure if we're going to do a Red Lobster or what we're going to do, but I didn't realize how difficult it was to find fried shrimp. Of course, if I had a deep fryer, it'd be another discussion. We could make it at home, buy the frozen stuff, boom, we'd be good. Of course, I can't do that. I haven't had a deep fryer in at least 40 years.
The Mason Minute
Fried Shrimp (MM #4525)
"The Mason Minute with Kevin Mason. I've had the strangest craving for a couple of two, three weeks now. I've been craving fried shrimp. Now, here's the strange thing. I don't think I've eaten fried shrimp in over a decade, maybe two decades. Growing up as a kid, we had one of those big deep fryers, so we always had fried shrimp. But as time moved on and I moved on and started eating in nicer restaurants, they weren't serving fried shrimp. So I'd do a shrimp scampi or I'd do fresh shrimp in a cocktail sauce or some kind of different entree. shrimp I don't eat shrimp that often, but for some reason, just good old -fashioned fried shrimp. My dilemma? Finding a place that has it. I don't want to do fast food like Captain D's, and we've got a lot of these juicy seafood places around town, and, well, from the reviews and from just the pictures alone, I don't think I'm going to be eating there. I'm not sure if we're going to do a Red Lobster or what we're going to do, but I didn't realize how difficult it was to find fried shrimp. Of course, if I had a deep fryer, it'd be another discussion. We could make it at home, buy the frozen stuff, boom, we'd be good. Of course, I can't do that. I haven't had a deep fryer in at least 40 years.
The Mason Minute
Fried Shrimp (MM #4525)
"The Mason Minute with Kevin Mason. I've had the strangest craving for a couple of two, three weeks now. I've been craving fried shrimp. Now, here's the strange thing. I don't think I've eaten fried shrimp in over a decade, maybe two decades. Growing up as a kid, we had one of those big deep fryers, so we always had fried shrimp. But as time moved on and I moved on and started eating in nicer restaurants, they weren't serving fried shrimp. So I'd do a shrimp scampi or I'd do fresh shrimp in a cocktail sauce or some kind of different entree. shrimp I don't eat shrimp that often, but for some reason, just good old -fashioned fried shrimp. My dilemma? Finding a place that has it. I don't want to do fast food like Captain D's, and we've got a lot of these juicy seafood places around town, and, well, from the reviews and from just the pictures alone, I don't think I'm going to be eating there. I'm not sure if we're going to do a Red Lobster or what we're going to do, but I didn't realize how difficult it was to find fried shrimp. Of course, if I had a deep fryer, it'd be another discussion. We could make it at home, buy the frozen stuff, boom, we'd be good. Of course, I can't do that. I haven't had a deep fryer in at least 40 years.
Cryptocurrency for Beginners: with Crypto Casey
A highlight from Bitcoin to Hit $100k BEFORE Halving in Q2 2024? (Why its Possible! ) Crypto News this Week!
"Just in. SEC Chair Gary Gensler pivots agency's attention to AI. We can get to crypto later. The SEC Chair called AI the most transformative technology of this generation and stressed the need to prepare for its influence on financial markets. Wow, how did we go from this to we can get to crypto later? Is it because Gensler is on a crusade to protect and defend retail investors like you and I? Or is it because last month a federal judge in the SEC lawsuits against Ripple and Terraform said he overstepped his authority by trying to regulate the sector? Or is it because the largest asset manager in the world, BlackRock, is now bullish on crypto? Let me know what you think in the comments below. Either way, the SEC now looking the other way, and in light of Ripple winning a battle in the ongoing war versus the SEC, Coinbase asks US federal judge to dismiss SEC's lawsuit. Coinbase leaned on the recent Ripple matter in Friday's filing, noting the SEC's lawsuit hinges on the type of transactions that the judge deemed outside of the regulator's jurisdiction. Nice. So while Gensler puts crypto on the back burner and instead embarks on a mission to protect us from artificial intelligence and the financial markets, the people US regulatory agencies claim to fight for us Americans are battling banks after accounts are frozen. Access to hard earned cash is denied. According to a new report from CBS News, a rash of banking customers are reaching out and detailing months and sometimes years long battles to gain access to their own money. Once the major news outlet gets involved and begins to report on a particular claim, the dispute is often instantly resolved. Crazy how these banks and big corporations only care about the people who give them money when they are put on blast in the media. And if frozen and denial of access to our money, property and freedom at large by banks isn't alarming enough. Also this week, customers report missing deposits from Wells Fargo bank accounts. Wells Fargo is dealing with a technical issue that has resulted in customers reporting that their direct deposits had disappeared from their bank accounts. On Thursday, a torrent of customers contacted Wells Fargo on Twitter, now officially branded as X, claiming they could not access money that they deposited into the bank. One person tweeted that he had been hit with an overdraft fee after money went missing from his account. Wells Fargo, this is the second largest bank in the US. The bank has also been plagued by scandal in recent years. The company settled with the Consumer Financial Protection Bureau in December, agreeing to pay customers $2 billion and a record $1 .7 billion fine for widespread mismanagement over multiple years that harmed over 16 million consumer accounts. Since then, the bank has also admitted to several other scandals, including in its auto loan business and mortgage business. The bank wrongfully repossessed some borrowers' vehicles, improperly charged fees and interest, and failed to refund certain fees, regulators say. Wells Fargo also improperly denied thousands of mortgage loan modifications, causing some customers to lose their homes in wrongful foreclosures, according to US regulators. People are losing their cars, their homes, their money from lack of access and improper fees and interest that are never refunded, while regulators squabble over whether certain cryptos are securities and now over AI that can manipulate financial markets. Now, would you rather regulators protect your cars, homes and actual hard -earned money in your bank accounts or focus on determining which cryptos are securities and trying and likely failing miserably at preventing AI from manipulating financial markets? Let me know in the comments below. In light of all this, is it any wonder that $262 billion in deposits, exits, JP Morgan, Wells Fargo, Bank of America and Citi in one year as government reveals collapse of another US bank? America's biggest banks are witnessing a contraction of consumer deposits as another regional bank is forced to close its doors. The Federal Deposit Insurance Corporation, FDIC, says Heartland Tri -State Bank of Elkhart, Kansas failed on July 28. The collapse comes as a new report reveals the amount of cash that customers have taken out of the four largest banks in the US. So, what are people doing with their cash? What is the latest with the US dollar? What is the latest with crypto? Is there a compelling case for Bitcoin to reach $100 ,000 by the halving in April of 2024? Hello, I'm Crypto Casey and welcome to another episode of Crypto This Week. Let's take a look at the global news stories in the state of the current macro environment. Please be sure to check out our sponsors Kraken, Masterworks, and Tandrum All In. Hit the crypto gym and learn how to use Kraken Pro's latest advanced trading platform to take advantage of this once -in -a -lifetime opportunity as an early crypto adopter before the next bull cycle. Diversify your investment portfolio with the time -tested uncorrelated asset class of FineArt with Masterworks Platform and invest in your very own cold storage hardware wallet like Tandrum Wallet. It's the size of a credit card, multi -currency, multi -chain, it's by far the easiest crypto wallet to set up and use on the market right now. Tandrum is swamped, backed up for a few weeks, so pre -order one to get your spot in line for the next batch of wallets. Scroll down and use links below to access the correct and official sites as well as redeem any special offers they have for us. Sweet. This week, the US lost its AAA credit rating and the White House is just pointing fingers. For the second time in its history, the United States saw its AAA rating on long -term debt downgraded by a credit rating firm. Fitch Ratings said the downgrade of the US, which is now rated AA +, reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to AA - and AAA -rated peers over the last two decades that has manifested in repeated debt limit standoffs and last -minute resolutions. The federal government is now shelling out an unprecedented amount of money to pay interest on its debt. $476 billion in 2022, an increase of 35 % from the previous year. The nonpartisan Peter G. Peterson Foundation says Americans are likely to spend $9 trillion in interest on the debt over the next decade, making it perhaps the single largest federal expenditure in the coming years and crowding out other programs. Meanwhile, Democrats are blaming Republicans, Republicans are blaming Democrats, the US Treasury Secretary Janet Yellen is calling the Fitch Ratings decision flawed and unwarranted. And all of this is just an example of politicians' highest and best use, recklessly spending other people's money, our money, recklessly printing more money to give to themselves and their corporate cronies, and then blaming the other parties for problems and one big act of fiction to spin the illusion that the US is a two -party system when it's actually just a one -party system, the business party. Republicans, Democrats, it doesn't matter, they're all in on it and they carry on this ruse to keep us distracted, divided, dumb, numb, and poor, nice. So just to quickly explore why a downgrade in our US government bonds is bad, basically one of the main ways we pay interest on existing debt is by issuing more debt in the form of bonds. And we are already seeing countries around the world ditch the US dollar, so the last thing the government wants is our credit rating to continue to decline because less countries would choose to buy more government bonds, which we need to pay interest on our current debt. And like we explored in a video a month or so ago, countries had already stopped buying US bonds to the point where the Fed jumped in and started buying bonds. So we are already in this weird Ponzi scheme circle jerk situation where the US Treasury is issuing bonds and the Federal Reserve is one of the main purchasers of the bonds. Absolute insanity and it's not sustainable. And most people probably don't even know that in June, the national debt hit 32 trillion dollars. If you find this strange because it feels like only yesterday that the national debt was 20 trillion, you can be forgiven. It practically was. It was in 2017 that the national debt hit 20 trillion. You read that correctly. The US government racked up an astonishing 12 trillion dollars in 6 years. Sadly, this spending frenzy will have serious consequences for the future of our children and grandchildren and other countries see the writing on the wall. As this week, Brazil, Russia, India, China and South Africa bricks to settle global trade in local currency ditching the US dollar. Also this week, the president of Brazil said, quote, Everyone knows that I defend the idea that we have our own currency to trade between countries. I've said publicly, why does Brazil need the dollar to trade with China? We can do it in our own currency. Why does Brazil need the dollar to trade with Argentina? And in a few weeks from August 2nd through the 24th, BRICS along with 20 other countries are going to a summit in South Africa to discuss ditching the dollar as the global reserve currency. And here's the deal. What's important to understand is that in addition to the fact that almost 80 % of all US dollars that currently exist were printed in just the last few years, over 60 % of all US dollars in circulation are actually outside of the US around the world. So keeping in mind, the more dollars that exist, the less valuable they are, the less goods and services we can buy with them. Imagine when countries stop using the dollar, and all that money outside of the country starts coming back here and exists here domestically, that in addition to countries dropping the US dollar for trading could cause a serious hyperinflation problem for us, where US dollars rapidly devalue, and everything becomes extremely expensive, especially things that we import, which we import way more than we export bears for the US dollar, while likely bullish for Bitcoin, crypto and other types of assets that limit our exposure to currency devaluation. And interestingly enough, Bitcoin has been more stable than gold and stocks, violent price action could ensue violent to the downside or upside. Well, there is a case to be made for the possibility of Bitcoin hitting $100 ,000 before the halving in April of 2024. Let's explore why. KPMG, one of the top four largest accounting firms in the world acknowledges the positive impacts Bitcoin can have on the environment. And here's why. Bitcoin mining can happen anywhere around the world where there is electricity. So a primary driver of where mining occurs has to do with how much electricity costs. Wherever there is cheap electricity, Bitcoin mining will gravitate to, and right now the cheapest form of energy is called waste energy. Energy that is produced but not consumed. Waste energy is energy that cannot be distributed or cannot be used in a cost -effective manner because it's remote. Things like off -flaring of gas, hydro that exceeds local demand and other forms of renewable energy that exceed local demand and do not have distribution mechanisms. So whether it's hydroelectric, solar or wind, all of those forms of energy tend to have a mismatch between where the energy is produced and where it's consumed. And there are situations when energy isn't used, it's wasted. So for example, if Bitcoin miners linked up to a solar panel that is overproducing energy that isn't being used actually subsidizes solar panels and solar energy. So Bitcoin actually subsidizes renewable energy. And it's decentralized nature where no one person, corporation, government or entity controls the network, Bitcoin can be an ESG driver. Cool. Let's check out some other bullish news. Bitcoin OG bets surprising sum on Bitcoin hitting $100 ,000 before the halving. Adam Back has joined a growing roster of market commentators who are bullish on the price of Bitcoin ahead of its next year's halving event. And as we discussed last week, BlackRock is also extremely bullish on Bitcoin, which has a lot of people extremely bullish as well. Galaxy Digital CEO Mike Novogratz says Larry Fink's Bitcoin support is game -changing. BlackRock CEO Larry Fink's recent endorsement of Bitcoin is the number one reason to be bullish on the asset right now, according to Galaxy Digital CEO Mike Novogratz. The most important thing that happened this year in Bitcoin is Larry Fink, Novogratz said in an interview with Bloomberg last week. The investment managers support caught investors by surprise last month after BlackRock filed to launch a Bitcoin spot ETF, an investment product yet to hit the U .S. market. And what's interesting to keep in mind as crypto investors is a BlackRock Bitcoin ETF wouldn't be possible without Bitcoin miners. With institutions like BlackRock Fidelity and ARK Investments all seeking SEC approval for Bitcoin ETFs, it's time to thank Bitcoin miners for laying the groundwork for industry expansion. But a spot Bitcoin ETF also raises the uncomfortable prospect of outflows in capital from mining stocks to Wall Street financial products, wherein banks enter a more favorable regulatory climate and benefit enormously from operating expense ratio, OER fees, built into the ETFs. As highlighted in an op -ed for CoinDesk this spring, miners will meanwhile face a lower margin environment with the halving of it next year, set to reduce the amount of mineable Bitcoin by 50 percent. So another interesting thing to keep in mind is that BlackRock is invested in the biggest Bitcoin mining company called Core Scientific to help it survive through a bankruptcy. And just this week, Core Scientific appoints Adam Sullivan as CEO amid restructuring process. The company claims to have seen a boost in liquidity in recent months and is expected to emerge from bankruptcy proceedings by the end of the year. And keeping all of these interesting things in mind, this is why a compelling case exists for a 100k Bitcoin before the halving. Bitcoin miners need Bitcoin price over $98 ,000 by the halving. To avoid being in the red, publicly listed Bitcoin mining companies will need the Bitcoin price to be at least $98 ,000 by the 2024 halving. So, do you think BlackRock, the largest asset manager in the world, and their efforts to launch a spot ETF, their investment in Core Scientific Bitcoin mining company, the recommendation for 84 % of investment portfolios to consist of Bitcoin, among other things, could cause some insane price action to the upside where Bitcoin reaches 100k before the halving? Let me know what you think in the comments below. funds can be accessed if the company shut down for any reason, and instead of a seed phrase backup copies of the wallet are created on other tangent cards that we encrypt with our own unique access codes. Also note the pricing for this cryptocurrency hardware device is much cheaper and more affordable than other ones with free shipping and an option to pay in crypto, which is a plus for any beginners just getting started or anyone who is looking to onboard friends and family into crypto with a simple, easy to use, secure, self custody wallet. So scroll down and use links below to access Tangents correct and official site as well as redeem any special offers they have for us. Awesome. If you would like to watch a guide for beginners about what the Bitcoin halving event is and how it has affected the price historically, check out this video. If you would like to have that eureka moment about how Bitcoin works and how it can help us maintain complete control over some of our wealth, check out this video and to get your very own tangent wallet, click on the link on the screen. Like and subscribe for more. Be safe out there.
Northwest Newsradio
"two decades" Discussed on Northwest Newsradio
"Maybe two decades earlier than we really thought it could it could be in the realm of the possible cities in the south and southwest of experience records streaks of high temperatures including Phoenix where another day above 110 degrees is in the forecast. UW professor of atmospheric sciences Cliff Mass says the extreme heat in some parts of the nation is not the result of climate change however since accurate records have been kept he says the globe has slowly warmed so we have natural warming going on and then you know it's being added to by human beings though during the last roughly 50 70 years we've warmed up about two degrees Fahrenheit. Carlene Johnson northwest news radio. A summer of stifling heat across the country continues to have a major impact Alex Stone tracking it this past week for ABC News and share this with our listeners. Alex we know the heat can be devastating and downright deadly and they're really seeing the latter in Phoenix right now. They really are and the big headline today is the coroner in Maricopa County bill around Phoenix saying that it's now confirmed seven more people have died related to the heat that brings number 25 in Maricopa County alone not taking into account the rest of Arizona and even more shocking is that the number that went from I think 64 last week to now 249 more deaths that the coroner believes may be heat related that they're looking into. The heat is extreme at hospitals in Phoenix. They say they are a seeing big influx of people coming in with severe burns not to mention the heat exhaustion and heat stroke and all of that but severe burns like second and third degree burns from the heat touching things. This doctor in Phoenix saying we have just been seeing a huge spike in the number of people with contact burns. Most people don't realize that the pavement, concrete, cement, sidewalks, rocks, the temperature of those surfaces can get to be 170 to 180 degrees which is just a little bit below the boiling temperature of water so it only takes a fraction of a second to get a really bad burn. And Bill even in Southern California where it's been around 100, 105 degrees every day in Santa Clarita, CA Henry Mayo, Newhall Hospital, doctors, they're saying they're seeing a big influx of people coming in ill from the We're seeing them at a significantly higher rate and for any reasons mostly number of but because people are out there doing, you know, fun stuff in the sun. And then they overheat but back in Phoenix, they've got city buses that they're bringing in now to use as mobile cooling centers, they're parking them downtown people can go in they've got from 11 in the morning until 7 at night. They've got the air conditioning blasting on full they've got bottles of water in there. They say they're trying to do whatever they can for people who need to into get a really cool environment. Now they've got the idea of parking the buses. Meanwhile, a lot of us might think of hitting the beach to get some relief from the heat but off of South Florida the Atlantic Ocean a little more like a sauna right now. It really is and that is the other pretty amazing headline today. So first of all the water temperature off the coast of Florida it's been breaking records for the last couple of weeks and they went from the low 90s to the upper 90s and so that's been a headline there but one buoy this week has now measured 101 .1 degrees off of Key Largo. If that is accurate that would be a global record for ocean water temperature. Other buoys around it are still saying the upper 90s so that be may an error. They're working to confirm that out in the ocean right now but if confirmed that would be a record even if it's not quite that hot it is still really hot. This is a climate scientist at Yale he puts it If this you way. want a free hot tub and you live in Florida you can go down there. Yeah if you want a free hot tub I looked up the average hot tub temperatures today and apparently most people like it around 100 to 102 so 101 .1 is literally sitting right in the middle
Bloomberg Radio New York
"two decades" Discussed on Bloomberg Radio New York
"And beyond for over two decades through its national network of banking teams and offices bridge bank a division of western alliance bank member fdic bridge bank be bold venture wisely it's hard to keep keep up with breaking global business news that was a mixed day here in the states volatility is sky high but at boomburg our seasoned reporters and anchors make it look easy European stocks hit a fresh record bearers basically have been rendered obsolete the right height dance is playing down the belly of the curve are you worried about a wage price spiral a lot of wall Wall Street strategists getting more and more cautious here Bloomberg Radio the Bloomberg Business App and Bloomberg dot com the world is listening Bloomberg radio on demand and in your podcast feed on the latest sound on podcast i talk with charlie cook founder of the cook political report about the shape of the 2024 presidential campaign but the thing is it's more parent in politics appearances more important than than reality and he just looks old for his age he looks over you know almost every time you see him and he does have that frail look and so and keep let's keep in mind that president reagan was 77 a couple days away from his 78th birthday when he left office and a lot of people are concerned that that was too old so um this is um it's it's not a good situation to be in particularly if people have a lot of questions about your vice president as well boy that's a whole other thing i'd like to ask you
Northwest Newsradio
"two decades" Discussed on Northwest Newsradio
"Dot com for more than two decades stock charts dot com has been recognized as the industry's most trusted technical analysis platform delivering the charts tools and resources you need to succeed in today's market there's never been a better time either because charts dot com is giving investors a free one month trial track your stocks scan for new buying opportunities and get automated alerts when you need to take action it's all in one place it's all at stockcharts dot com are you curious about who offers the best deals on top rated samsung lg and sony these the answer is surprising it's not online and it's not the warehouse clubs the best on deals top rated TVs are at video only don't believe it then check out the trade -in deals video only how about five hundred dollars for your old TV try doing that online before you buy that new TV drop into video only and now here's growing your wealth presented by madrona financial here's brian evans a lot of baby boomers own a business they're getting to a point in their life where they want to and sell have a succession plan there's a couple of options available to you you can sell your family your kids we would call that you can sell it internally to employees key employees or you can sell it externally to an outside entity now there's positives and negatives to both of those if you sell to your employees often they don't have a down payment if you sell to your family same thing they may not be able to cash you out so you'll have to carry the contract on that so you're taking some risk from that you would charge interest and so forth but if they stop paying they paying stop or if they don't run the business well then that could be a problem too so you're putting some faith into them paying you back if you sell externally often the buyer will make you stick around for a while to transition the business that may or may not be a good thing for you but you're more likely to get more cash up front now i've seen them work both ways successfully i know in my business own i bought it as somebody who was a key employee i bought half of it i didn't know how to run a business but over the years i figured that out and about nine years later i bought the other half and now it's very successful i've also seen where businesses they don't really have a key employee that can run a business the way they did or even close to it and they don't really see that happening so in that case very often like veterinary offices or something like that in that case it's best probably to sell to an outside buyer and get paid your money up front so when it comes to selling a business get you an can internal sale or an external sale even the mightiest decrees can be blown over if they roots the same is true with your investment plan can your plan withstand a financial storm go to rona financial .com and the click on get started button to request your rooted wealth analysis you can also click on the chat button and ask us anything we have a searchable library with answers to your questions visit we check your northwest traffic every 10 minutes on the force from the high -performance homes traffic center let's check me climb in Seattle near Magnolia watch for a crash being reported on Gilman Avenue west at Thurman Street otherwise the freeways are pretty light today it's a little crowded in Seattle north 5 around the convention center and also in ever we're some seeing brake lights on north and i -5 between highway 2 and marine v drive traffic in Auburn way and Auburn way itself is pretty slow to heading away from downtown Auburn towards the reservation we're looking good i on -5 around Tacoma and Olympia and all around jblm and ferry riders we had a one of our court of San Juan both the
Bloomberg Radio New York
"two decades" Discussed on Bloomberg Radio New York
"Suddenly, for the first time in two decades, the Fed doesn't matter as much. This isn't about where they push rates. This isn't about How much is that really driving the theses that you're hearing as well from investors as you talk with them, not necessarily, well, the Fed's going to do this. This is our our benchmark, but more. This is the distortion here. we Maybe can play this in the short term because we have no clue what's going to happen. Well, I think it's the no clue of what's going to happen aspect of the market dynamics currently that are the issue. And you're right, like the Federal Reserve hiking another 25 or even 50 basis points is way less important than the fact that they already hiked 500 basis points, right? So so you can take the Federal Reserve 30 % of the market. And I think that there is a lot of questions about what's going on with the banks, what's going on in the financial sector going back to the rebuild of the Treasury's cash balance with all of this T -ball issuance might create more volatility in the markets. We all remember September 2019, when reserve balances got to what I call the tipping point. Some people call it the lowest common level of reserves or whatever it's called. But let's call it the tipping point for now. Once we get to that reserve tipping point, you can see significant volatility in funding markets. That will creep into risk asset markets. And we wind up with a lot of volatility where the Federal Reserve becomes important again, because the Fed will have to do something because they've created this issue kind of artificially by having so many reserves in the system. All right, Jersey, stay with us. We've got a comment on this. This is just out in Bloomberg News reports that Virginia draws us in Hamilton, Bermuda with signet jewelers Lisa signet CEO says couples buying lower priced engagement rings. I mean, there's an economic bellwether if I've ever seen. Yeah, I mean, we saw it respect with to people trading down from Whole Foods to Walmart for their grocery shopping. This is perhaps a step further. It's a pretty significant investment. And it seems like this trade down is happening in more sectors, but it really feeds to into the theme. People are deciding where they want to spend their money. They might travel more, but that doesn't mean that they're necessarily also going to buy a Cartier ring. Double digit. No, we're not going to buy a Cartier ring are we? Double digit, same store sales down as well. But you know, there's little things here which get into the growth. We don't have time to continue with Ira because his entourage is saying he's got to go up to his panel right now. But you know, these are important things. Frankly, I think that what the signet Blue Nile Diamond Ring person says is just as important as what some Fed president says when you tell me six are talking. Absolutely. Just telling you there is discretion starting to feed into the market. Stay with us. Claims is Bloomberg. Bridge Bank helps breakthrough ideas actually break through and remains dedicated to providing financial solutions to the risk takers, the game changers and the disruptors, those committed to making the world a better place. Bridge Bank has been providing financial solutions to technology and innovation companies from inception to IPO and beyond for over two decades through its national network of banking teams and offices. Bridge Bank, a division of Western Alliance Bank, member FDIC, Bridge Bank. Be bold. Venture wisely. Hi, I'm Danica Patrick. Watching my nieces grow, play and learn is amazing, but not every child gets to be carefree. One in six kids in the US are hungry. This breaks my heart and it's something that Feeding America is working to change. Each year the Feeding America network of food banks rescues billions of pounds of good food that would have gone to waste and gives it to families in need. To help visit feedingamerica .org. Brought to you by
Bloomberg Radio New York
"two decades" Discussed on Bloomberg Radio New York
"It's daybreak Middle East You talk stories that's Friday morning U.S. equity futures climb havens retreat all on the prospect of a meeting between the American and Russian officials next week Over the Ukraine standoff Fed's Jim bullard says bringing dine inflation may require the Central Bank to overshoot on the neutral target interest rate which he sees at 2% Turkey keeps rates unchanged President Erwin's government struggles to contain price surges that could threaten his two decade rule A meta misery Facebook parent tumbles out of the world's top ten companies by market value hammered It's worse monthly stock decline ever It's 9 a.m. across the Emirates one month of the show We got there It's Friday It's Friday I'm Manus cranny We have moments of reprieve and they are manifest when you hear that and Lavrov will meet the set to meet next week 24 hours ago we were talking about what Biden calls a false flag moment But this is where you can see these very tangible moments of relief where the market sees a deescalation and diplomacy as the development the triple D deescalate create diplomacy develop our approach more Push themselves off the floor this morning as you saw those equity markets come under quite a bit of pressure yes On the back of this false flag as Biden throw to it Treasuries we went to the haven We've bounced off the lows We're now doubling down on the bullard Burke hall of going beyond neutral rate of 2% and indeed the Credit Suisse analysts who say you need a vulgar style shock So the bond market will revert to inflation and it will revert to fed risk Gold comes off an 8 month high even though you have Citigroup calling $1950 12 months out They say 1750 But in the near term they say it will trade higher as a hedge yen the leverage funds cut their loans and as I say dollar yen it's always a very immediate sign of where the relief and risk is Due to its allies in Singapore she ties the rest of the stories together forest Jules There's crude down two and a quarter percent I forgot to do the crude I'll get into trouble down two and a quarter percent Judy Yes make sure you hit that Greg will be after you man Look we are seeing as you mentioned weakness in the yen weakness in treasuries too as we start to reprice the mood here in Asia following those lines that came through as we were trading and trying to play catch up to those more significant losses you were seeing on Wall Street at one point the regional benchmark index was down by about 1% It's only off by about a third of 1% at the moment in Japan certainly off the lows of its session too when it had been down by some 1.6% after three sessions of gains no surprise a little bit of a switch out of China Let's flip the board and have a look at some of these Russia Ukraine related stocks we've got Russo getting 25% of its revenue from Russia to Japan petroleum gets about 19% Both those stocks still under pressure but certainly off the earlier lows of the day and the other big story we're following here in Asia is the fact that the USTR has once again put some of these China tech companies on a watch list this about piracy and counterfeit concerns including Tencent's WeChat and Alibaba's online marketplace Both those companies though moving higher and as you were talking about meta full meaning now that Tencent is back in one of the top ten valuable companies in the world menace It's all about being on the top ten It's all about the billboard Joel thank you very much for seeing a little bit later on Julie Sally there with a very latest run done To our top story the U.S. and Russia they said to meet next week to discuss the Ukraine situation and the news comes as President Biden continued to warn There's still a significant risk of a Russian invasion It's.
Tatooine Sons: A Pop Culture Podcast
"two decades" Discussed on Tatooine Sons: A Pop Culture Podcast
"A young lately is being. She could pull it off. I really want her to do that right. And the star wars sequel trilogy best unexplored mystery could shed light on the genesis war. Mazdas castle wasn't a castle built by her but it was actually a temple. Thousands of years ago built on like some ancient tomb. Yeah i think that there's some there could be some fun at arco with the course on jet blue is built on the which is such a religious ten a religious idea if you guys go back I'm gonna plug another podcast. But i think it was Stars underworld they're mandalorian recap show on the one that brought fat fully back like not just showing up in okay. Both one of them are baby. John They've gotta guess on that. Show who's snack. Oh that i'm i'm fine. Yeah he's just god bless you He understands the idea of religious symbolism of building religious sites over pre. you're competing religion sites. He talks about it in a real world setting and applies it to that typhon. Okay oh my gosh. Check them so now anyway with that and they're the christian bieber who does this weekend star wars the video with that. She's actually an author as well and she's writing a book or they're coming out with a book called scar skywalker family at war It's a new star wars biography of the skywalker family. And when i first heard about this. I'm like how much more you know. Exactly squeeze at his feeling came out with a book Right before an episode. Nine right before rises skywalker. That was sort of like that it was it was a reference and it was the skywalker story and all this but my understanding of this one is. They're actually going to be integrating in everything that you're getting from the comics everything that you get the extra style and really telling it like a biography. Okay have the star wars of the skywalker family all the way from hannigan a no no. I don't think it's going to be a really. Yeah okay so it sounds interesting. So that's gonna be this long episode. Yeah it says who are going to be like an hour and a half and this thing is over. But that's what happens when you have a really fun conversation. And we had a great conversation with atoms. Well and it's been good so Ever listening check out our website. Tattooing suns dot com. And if i ever paid.
Tatooine Sons: A Pop Culture Podcast
"two decades" Discussed on Tatooine Sons: A Pop Culture Podcast
"Or not right and so when you come to telling the story of star wars especially star wars films. You can't tell the story of star wars without including jar binks in this and i think it's important for us nausea. Even if you don't and and frankly the character is not as bad as everybody says. No no no. It's a kids. It's a movie for kids. Y'all all right. Got silly goofy slapstick character every now and then. There's nothing wrong with that. These are for kids. Yeah was too. I bought two star a fan of action figures when the movie came out they were why. Gungeon drooping drippings k. You've got one of them right from wrong. Judging me darth maul darth maul and driving's guide it man on the best. And i think that's why you know what you have to think about this story. I wasn't really excited about it. Didn't want to go gone. Jin action figure actually have one somewhere. Nathan has gone jin action figure. Did you do all right. Let's talk about this piece of because the force is really is expanded upon an may in this. I think the first thing that we have to to think about is that the djeddai The of the high republic that we're seeing right now in the high republic is what we thought watching this film going into it when i was twenty four years old. This film came out. I expected what. We're learning about. The jet i in the high republic to be the jet in the phantom menace. That's not what we get right in. This is like what adam was talking about. Right there They're talking about their ability to use. The forces diminished in that type of thing it really impacted the way that sars fans think view the force when it comes to that What else as far as the can you think of. I mean the the whole rule of to was established in the whole fact that the only there's only two in nurtured should only be to sit in the galley more. No less right. Yeah we knew about the seth. We'd heard about legends. Of the seth as far as things that we had heard about from. George lucas original screenplays and anybody. That word was never that was in the original screenplays or anything. It was said in in this film for the first time ramp And the idea of the rule of two which really guides so much of stars and ever since then and is still guides star wars. Today we when you see a seth show up our dark force user in star wars. You read about him you about him. You don't see him on. The screen was his master. Or who's is a branch. Or is he a real. Seth right is he just a dark force user. You're wanting the inquisitors and rebels are not sit there nowhere. They're dark side force users and nights and we were talking earlier with adam about listening to heir to the empire. It's not that way at that point. It's all dark jedi..
Tatooine Sons: A Pop Culture Podcast
"two decades" Discussed on Tatooine Sons: A Pop Culture Podcast
"Makes we just explained the huge impact on the story and still could be making a huge impact on the story. There's and we had them solo. We had them in. Exactly what happens when we're sitting there on may twenty fourth year birthday sam in two thousand eighteen and suddenly ball shows up on the screen. And everybody's freaking out fans that have never watched clone. Wars more rebels are asking who i thought he was dead and they're going back and watching clone wars rebels all over again. You're not going to have that kind of an impact from padma. Does that make sense. I would say. I want to say ognjen but i just can't make that argument for. I love what they've done in taking on jin from very flat one dimensional character in the phantom menace. Just he's just there to get an akin off of tattooing and die in the phantom menace But then you see him some in colin wars and he's cool. What really changes things in. My opinion is master and apprentice and a little bit in do but he's really very rarely indigo master and apprentice changes. It makes him as a very interesting character. for me. I want that character to have his day. You know we just found out this week you know liam neeson we were joking about it Where he was saying he would would be fine with coming back. to star wars and being kenobi series while he. It's come out the same people that are are getting Liam lars mikkelsen Is laying thron are now reporting. Same sources are indicating that quite engineers are the show liam neeson signed on to be in the series. He's going to have a role they aren't sure one of them says it could be a flashback. Or it could be a forest ghost. I think it makes more sense to be a forest. Go out yeah we they start bringing this character back more and we get to maybe see a young quiet on gin in the future in a series that type of situation see his. Maybe i would love. I would love to see quite gone training with count. Do i would love to see count. Do as a young count. Do what kevin scott did in dookie jet. I lost for that character. We could see a lot more of. That's just a very short section of that book. Yeah you get cavin or somebody to start writing a story and then it gets adapted into a series and you could see a young on jan Moving forward i think. I think there's a potential for quite on jin that i don't think we're going to have with padma. Ever i think had stories pretty much played itself out. but think about some of the other characters What are some of the other characters in the show that that that impacted things that were introduced in this new. Yeah we could be getting him. There's a lot more that they could do with his story. i think i think he's a very interesting. One of the more interesting might be because he doesn't fit the mold. He's really like religious when it comes to like the jet like he's very i all the way but he almost seems like he can kind of be like like ride the line between light and dark almost. I don't think i understand what you're saying. Like he's a he's a zealot but he's.
Tatooine Sons: A Pop Culture Podcast
"two decades" Discussed on Tatooine Sons: A Pop Culture Podcast
"Sitting there with dave baloney and dave in georgia's. We're gonna bring back darth maul and then you know of course you got you got davies in an interesting interesting interesting. Yeah roc maybe maybe possibly dumb robot no but he literally he looks to george. George thank you. Cut him in half. I mean if you hear the story. That's dave says he's like he's dead. George george and georgia's like now we're gonna bring it back and they do and it changes the entire trajectory of co moore's it becomes the clone wars. You should literally watch the clone wars thinking before darth maul and after darth maul when you when you watch them chronologically because story changes Everything gets moving forward the stuff that just sat teen the stuff with the mandalorian that we have at the end. You know all of this stuff. That happens happens because they bring darth maul back. The same exact thing happens in star wars rebels. You have pre darth maul and you have after darth maul now. The beautiful thing about that is you do get season two with a soka and aitor vader thing at the end of the apprentice but they had to make a decision going into season three. What are we going to do now. But they had darth maul in their back pocket. They could bring dr mollie and that changes season three. It makes him one of the most beautiful seat. Well he's at the end of season. Two right out of the apprentice where polling right. It's darth maul. Changes star wars rebels as much if not more than he changes the clone wars and then we go all the way back. Now that they bring back season seven of the of the clone. Worst they come back with that. And what does the story really that everybody wants to talk about. Cj mandalorian darth maul and with that. And and he's just a parakeet. Do they bring him into comic books. They do all this stuff. Darth maul has a massive impact. I think that's what your instincts are made But but i think that it's bigger than just his impact on this film. I'm thinking of his impact on the future star..
Tatooine Sons: A Pop Culture Podcast
"two decades" Discussed on Tatooine Sons: A Pop Culture Podcast
"And we're like yeah this just as the rest of the film looks good. But that's my point. I mean you don't see any real moments. I guess maybe there are. But i can't think of anymore. I mean overall. Yeah the quality isn't as good as some of the we've got nowadays like it's not one hundred percent realistically you can clearly tell what cgi and what's not in the phantom menace right But it is still far more advanced than anything we've seen before right and like Yeah so that aspect of it is impressive. The fact that they have convincing enough. Cgi to where it's feasible you know and you can and it's not like it doesn't take you out of the moment seeing a computer thing but i mean i am above just a cgi and also like completely changed making in every way like. Because i don't think films are filmed on down so you know they're doing film still not not to the extent of what it was and not like the what it was but they are still using film for certain things but yeah but for the i mean they introduced digital video and audio in this film which has changed movie. As you know. You've got all these now. Make the movies with your phone and sovereign you don't have to have all this complex machinery and you know how to be constantly changing tapes and you can fill more and stuff and it's completely changed. Change things and cameras are easier to work with and stuff now because of a big deal. Yeah and there's even a few scenes in the phantom menace that were actually filmed in high definition in hd And it was the first major fill like that had hd integrated into it. I remember going to apricot center. And the Was ninety seven. I we were down here. I your mom. And i were down here And we went to that got center and they were introducing like the hd. How just stunning at the time. But it was so experimental still and they were you know. Now we've got k tv ad two years later though hd this was like seven twenty p but it was a part of of the phantom menace. Who not only this. Is the story impacted in a major way by the phantom menace but the technology and filmmaking itself is impacted just as much i think it's important for us and like ian. It's interesting because like star. Wars is still changing moviemaking and things today with the mandalorian and the volume now likes it. Stars is such obstinately lake revolutionary franchise when it comes to all of film and tv at this point but we really wanna talk about was characters and stuff like that so You know what characters. I know we've already alluded to three of them by One of you. Let's see which one of you said you're nate. You said darth maul i did. And then you said pad mayhem. Let's go let's go with you..
Tatooine Sons: A Pop Culture Podcast
"two decades" Discussed on Tatooine Sons: A Pop Culture Podcast
"Okay the smart people. Are you and me one. Smart person with a flaw is mom because she has an apple and the non smart person said why. Why do i get separated different. I i don't know. But i don't want mom because he doesn't have enough guts to say that mom's not smart me just like dishonor disrespect with savannah your girlfriend. Who does she signed with on us waiting on this phones. She's totally drunk. The kool-aid this she's smart so somebody went into the apple podcasts and left a review which was a great review. Couple of days ago But they created you know they're apple user. Id changed their name to do this. Or if they signed up for an apple id and use this. But they're apple ideas. Tattooing sons is the best probably public. Grammy might be might be no because yesterday i was. I'm a grandma's tried to subscribe to. How long have you been doing this show. We're in our fourth season. Yeah yeah pioneers. She's like how do i subscribe. Your guys is park okay. I know she definitely didn't do so. Yesterday i subscribe to honor phone soda out of find it. Nice insider after patriots. While you're no. She did pitcher. Figured that one out before When it comes to money she knows how to spend it. We don't we don't do patriot anymore. So but anyway it's Best podcast ever five stars. This is so good which they came out with a episode. A day right there made them. I'm losing it. I swear he's got so nathan. The podcast nathan's got his headphones but he's flipped the earmuffs out like so he looks like princess. It's just it's really hot in. This is hot here. I don't understand how i got. So i'm glad i took my sweatshirt me to I mean i'm glad you shirt off now all right moving on whoever you are batat's means sons is the best thanks that was also seen as coming weeks. Run you though that we've had so many changes her name. And so that's why that that's the reference to that made during the the answer right ryo branko see. I've got all these times like the mcu of new it is it is i mean kevin. Peggy is like crafting beautiful story here right right. I mean this is can vaguely. Maybe this is better than one vision. oh you want only three episodes and it got really good. The last having said was getting all right which character introduced in. The phantom menace has the biggest impact on the future star. Stellar storytelling radio. Talk a little bit about this in a second. But i've got four on here. Quite gone jin padding darth maul or do we win our thoughts now just initially before we talk about it in detail. What would your instinct be. Darth maul pad may really. Yeah i have a hard time as the whole point like the whole reason and can turn to the dark side. It's an it'll be an interesting conversation Just so many characters..
Tatooine Sons: A Pop Culture Podcast
"two decades" Discussed on Tatooine Sons: A Pop Culture Podcast
"Lucas went out to make russia Lucas had to take it from basically took it from the director to make the movie that he wanted to make an even that it's like what did he do. He i mean he injured his second. Death star you know a recycling Band as the technology was such that he could tell the kind of story that he really wanted to do And because he was george lucas at the time he made the three best movies of all time as everyone agreed at that time He can do whatever the hell he wanted did. Whatever the heck he wanted I think there's a lot of really interesting things that how a civilization fall from the smallest thing. I mean you know. Some guy has a reality. Tv show and couple years later. There's an insurrection in like that. But like or in this case. It's a you know. A trade dispute basically causes as an st. John's little section of the galaxy causes a entire republic to fall. I mean obviously. This is mike nations. How from how serene but like it's interesting. It's a gilded age. It's like things look really good. But there's a lot you know at the at the core of the janai of the core of the republic and that is really interesting. I think if i were semait like my feeling about phantom menace is also true for the prequels trilogy. I think it's a really really interesting story. Poorly tomes and i think that's why the clone wars is beloved. I think that's why there's a lot of fans Who are about your your. Your is ages. Who grew up with the prequels. And like it's the prequel. Trilogy is the best trilogy of all time. I think they're insane. But but that's my to be clear. That's my opinion and i think. Also it's one of those things where the reason why it's it resonates for so much when it gets as a. They were kids when they saw it and it was. It's a. It's a movie about space wizards intended for children but also the core of the story is actually very fascinating and it is very good So you can read a lot into those narratives and yes. So i think the the powdery. There's really cool so funny. Because i i never had a problem with the prequels when they were you know when i saw him in the theaters be it'd be they were. They were great. But i also was informed by the novelization because as crazy as this sounds today. The novelization came out about four or five days before the movies released in the theaters. And i pick them up. And i read them so i already knew the stories and i had all of the other things and it was much better. It was told much better in the novels..
Tatooine Sons: A Pop Culture Podcast
"two decades" Discussed on Tatooine Sons: A Pop Culture Podcast
"Oh that's the look. I remember as a kid and you know. There's there's an appeal to because it is it's a power fantasy and it's also your hero acting like a hero. That's really nights. But i think the biggest thing about the or the empire and my despite my love of it and despite my Like you know how. Seminal it was for me. A lot of what the e u did Was the kind of kept luke. Laya in han an amber and a lot of ways they they we talk shows before like luke gets more powerful legacy powerful powerful way They have difficulty. They get sad But their characters aren't really allowed to grow in a fundamental way and that end. You know people like we'll. All luke became grand master might get. That's not growing. That is levelling as like. It's like she levels up So it's weird like because air the only five years after the original original trilogy. You know they don't throw that much But it is here. it's curious. I know we're going off topic It's curious jeering you your perspective. Because it's like you know you get to see lucas. A bitter old man. And then you're like. Oh and here he is. You know like. I'm going to use force. That's cool awesome. Well our our main topic for the month of january has all been has been about the phantom menace. and we've gone through the entire movie already this episode. We're going to just a minute. We're gonna talk about what the impact of the phantom menace has been on star wars which is really pretty intense and and things that it did But what was it like for you. one thousand nine hundred nine. You're already talking about special editions and ninety seven being super excited about those. You got to see the phantom menace. You're there you're watching this movie. What did you think about it then. And what has the last twenty one plus years done for your love of this movie. I saw ten times in theaters. I loved it because it was new. Star wars I remember How weird it felt. And i mean that in necessarily a kind of a positive because it didn't look like star wars. You know it looks like stars. It didn't look like star wars because it was twenty thirty years before A new hope. And i think to Lucas credit he tried very very hard to make it look like a different era. I think that it it's weird. So let me answer your second question first okay. The second question is over. The last one years were my evolution with venomous. It was the best star wars film. It was okay. Hey it was the worst star wars film. And today i sorta sit on it as this is the most george lucas star wars film. That's a good you know. It's like one of those things where you know. A new hope was edited together. The you know if you like it was the i. I recommend getting gw books on okay. I can start asked to see it. It's really fascinating especially for star wars because a lot like mace windu called macy do in an mace wendy in the very first draft of of the adventures. Look start czar. Kill out of called the star wars back in the day like ideas that you know from the phantom menace or in the original draft of star wars saying so like it star. New hopefully wasn't the movie that he said to make empire strikes back because incursion was doing his own thing also wasn't the film..
Tatooine Sons: A Pop Culture Podcast
"two decades" Discussed on Tatooine Sons: A Pop Culture Podcast
"A number of reasons. But so you're saying you want him to be the thanos of star wars. So oh god no no no i 'cause i i like as he was handled and the mcu at all. Because what was sandwiches like i. I'll do anything to get these these stones. I did anything to get. These stones snap destroying our bright. That was his are character in the comic books. What do you think about this idea. With ron and everything i mean i'm just of course i've been that guy for the past three years. That has been lobbying for something. Something rebels just something else. And i was so excited. To hear thrones name mentioned in mandalorian season two. I was great. And then we got the announcement and i was ecstatic but there was one thing that i was very held back by. I'm like they need lars mikkelsen to play throat and they can't have anybody else because he has the voice just down i mean well. It's it's what we associated with the listening to the heir to the empire audiobook twentieth anniversary edition. It was mark thompson reading it. It was it was great. It was and you're listening to it. And i'm like voices just not the same. It's not. I have you guys. I think it's Just checking this year. I believe it is the original version. I believe it was read by dennis. Law was the original one. That's how i was exposed to the originally. I was listening to bat version within his. Did you like sound effects. Because of the effects in that in the denis lawson version audio trial ago orchestral tracks and and everything it was fully dramatized but it was really cool because it was all mark thompson doing the voices. He's pretty good with i when since it was. Since we're talking about it like your air the empire like ecg. You guys You were experienced the sequel trilogy first before you listen to this the Disney canon. I who like what is what your thoughts on like how han lucan layer were portrayed in that book That's a great question. I really do think that when they put into the new canon. I think that haunt is very similar from the empire to now. We got to think about the books as well. I mean bloodlines it. Sound in the exact same if felt like for a second there. They're picking up the same kind of breadcrumbs. I mean he. He decided to abandon the rebellion because he didn't want any. Yeah there's a lot of and then. He went to do racing which was awesome and then he was kind of just a freelancer now and so i felt like they portray. They're portrayed fantastic laya with strange specifically because we didn't know she really use the force the way she did. It was right there front and center in the empire. It's not an way equal rise. It's really the only thing that we know about that and so it was. It was really cool to see that. Luke it's weird because he feels more like a diplomat than jet. I master so. That's the only reason that kind of started to get disconnected. And i honestly from my perspective i grew of course grew up the the sequel trilogy rather than heir to the empire. I prefer the version of luke. We have now over the empire. Because i like to see the person that never gave up on the jet i order and i like that i mean while..
Tatooine Sons: A Pop Culture Podcast
"two decades" Discussed on Tatooine Sons: A Pop Culture Podcast
"We were listening to from the drive to orange beach the old time. It's what the were and apparently they dealt a lot with you and so i feel like they're giving people those stories back but keeping them within the same cannon so there aren't any conflicting stories instead of just like people some people are saying dual cannon and i think that would just get very confusing for new generations to come in and figure out okay so which is real and do. They both fit win with each other. I think it would just get confusing for everybody. And so mike how. They're kind of taking things from that in putting it into this new series. Yeah i it's interesting because it's like with lead of the jet. I was there are definitely elements from the eu that are brought in. And you're like people wanting legends to continue and there's more me that really wishes i could read sort of like that's a book that book series that i really wanna read that will i will never read But at the same time it's like it's almost like they're not giving i i would. I would disagree slightly. I wouldn't say the giving the eu back because there are so many things in this book series that are so unique to To hire public a lot of elements jenner portrayed I it but it is the eu for disney canon in that it's unencumbered by the movies and i think that's the biggest thing that's most exciting about it for me. As someone who you guys are too young to remember is like the only new star got you know or a video game and but the video games are all original trilogy. Prequels like i. I do remember screaming on the of screaming in one thousand nine hundred eleven because there was like they were releasing the special ed nations. that was. That was the newest hours. I got a but everything else is in the books So they can do whatever the heck they wanted. They can go any direction they wanted. They could come up with random stuff like i know. I've talked about this before on this podcast. But it's like that was sort of the fun of it like you can go any direction there unencumbered and that's what's exciting about The higher public is that they're not having to worry about the movies. They're not having to worry about like as much as i love. What a force awakens. Lash out i did. It's have there's no time in between those movies so they can't really explore anything around it so a lot of the novels were sort of like answer larry. It's fast by dawson which was excellent but at the same time didn't really add anything to the larger story whereas this series is that expansive university. Let's just take this era and add to the cannon. let's add characters let's at stories. Let's add world building in a way that you really couldn't do up because understandably they are reliant upon the movies because let's be honest millions of people will see the movies or tv shows. Thousands of people will read the books. And that's who who. Where do you think they want their money from. Yeah exactly. I mean it's a it's a visual franchise and the rest is is coming but i'm excited to see them. Invest so much energy and effort into this project and if you haven't seen that disney insider plus episode where they walked through behind the scenes of kind of nouncement of the project luminous that panel..