36 Burst results for "Venezuela"
Simply Bitcoin
A highlight from Elizabeth Warren Wants to Criminalize Bitcoin Self-Custody | EP 858
"It's all going to zero against Bitcoin. It's going up for everyone. Bitcoin! You're against Bitcoin, you're against freedom. Yo, welcome to another episode of Simply Bitcoin Live. We are your number one source for the peaceful Bitcoin revolution. We cover breaking news, culture, and matic warfare. We will be your guide through the separation of money and state. And today is one of those episodes where we're going to be talking about the separation of money and state. One of my favorite features about Bitcoin is that eventually it exposes all incentives. And what we've seen over the last two weeks is Elizabeth Warren, her allies in the media, and her allies in government take advantage of the tragedy happening in Palestine and Israel to try to circumvent the legislative process to enact these crazy regulations that attack would essentially Bitcoin, make it very difficult for Bitcoiners, particularly in the US, even though this movement is happening worldwide. Now what happened is that this ended up backfiring, and the reason that ended up backfiring is because social media has allowed the common man, the everyday individual, the rise of media. And that's exactly what happened. The Wall Street Journal conceded on Friday, they retracted their statements, they offered a correction, and the Wall Street Journal article was the pillar of Elizabeth Warren's letter to the White House, which prompted the White House to tap on the Treasury, specifically the FinCEN, to enact these crazy regulations. Now it was exposed, the Wall Street Journal article got it completely wrong, therefore Elizabeth Warren, she was using false information or misrepresenting information in order to achieve a certain political end goal. She was caught in 4K, we said this yesterday. She did not retract her statement, she doubled down. She said, okay, maybe that that article was incorrect, but there's other sources, but she only used one source in that article for the White House, right? Now what happened though, and this is beautiful, and this goes back to my initial statement, is that Bitcoin exposes all incentives. And what we've seen is essentially Elizabeth Warren, first, you know, she lied, first she gets caught lying, then she doubles down, and then she finally says the quiet part out loud. And what is that quiet part? Basically she's making the case to criminalize self -custody. Yes, ladies and gentlemen, this is where we are in the movie, this is not rhetoric, this is not me exaggerating it in the title, this is exactly what she said in the video. And then that really calls into question the FinCEN proposal and the bipartisan bill that Elizabeth Warren has introduced in the Senate, even though it has a very low likelihood of being passed. But this is what she really wanted. And this coincides with the exact same words coming out of the head of the European Central Bank, who was previously the head of the IMF, who I might add is also a convicted felon, she calls Bitcoin an escape valve. So really what you're seeing from Elizabeth Warren is fear. What you're seeing from Christine Lagarde is fear, because they know that their money cannot compete on the free market with a better money, with a superior money. And why is Bitcoin superior to state -issued currency? Because it does two things that they cannot help themselves but to do. It offers censorship resistance, and it's deflationary. Governments are always going to want to do those two things, they're always going to want to censor, and they're always going to want to inflate, because without inflating they cannot pay for the endless wars, they cannot pay for the things that we cannot afford on income tax alone. The money printing is how the United States continuously spends over a trillion dollars, deficit spending, year after year, even though the government, you know, you hear the rhetoric from the politicians, we must tax the billionaires, we must tax more, tax, tax, tax, tax the income tax. But what they fail to tell you is that the US government collects more tax revenue year after year. But why is it that they want to collect more tax? It's because of the spending. This is why you have to separate money from state. It's a question of aligning incentives. As long as politicians don't have to go to the populace to raise money for any ideas that they have proposed, and instead they can get they can fund it through the hidden tax of inflation, the incentives of society will never be aligned. And I truly believe that's why we're seeing the moral degradation of society. That's why you're seeing the cultural degradation. That's where you're seeing the infrastructure degradation. All these things, because the people in charge are not incentivized to do good by their constituents. They're incentivized to get as close as humanly possible to the money spigot. And they're willing to say anything and everything. But blame themselves for the circumstance, for the situation they themselves have caused for spending money they didn't have and debasing people's money in order not only to enrich themselves, but to pay for the spending that people can't ignore. I mean, for the spending that they cannot afford. But here it is, once again, Honey Badger don't care. And it forced Elizabeth Warren, whether she realized or not, to finally, finally say the quiet part out loud. Self -custody is a crime. If you choose to put your money in a way of which I can't easily seize it, I can't easily confiscate it, I can't easily censor it, that's a problem. And that is a problem for politicians that have been using that privilege, abusing that privilege to not only pay for themselves, I mean, enrich themselves, but also pay for things that we can't afford as a country. And of course, we're speaking from an American sense of view, because we live in the United States. But this applies to all countries around the world. Look at what's happening in Venezuela. Look at what's happening in Argentina. Look at what's happening in Turkey. So this is crazy, and this is a very historical moment. And I'm telling you, in a couple of years, I think they're going to get so desperate that they're going to just keep saying this, that the whole thing of self -custody is dangerous. And if you think about that, like if you think about it from like a foundational level, like that is so absurd, because we can't debase your money, because we can't easily confiscate your money. That is dangerous. And you have to look at the historical precedent here. Back in the 30s or in the Great Depression, FDR implemented the famous 6 -1 -0 -2 order, where he made it illegal for American citizens to own gold. So countries, nation states, have had a history of when they default on their debt, they have a history of confiscating their populace's wealth in order to keep it going. But with Bitcoin, this is why Bitcoin is so unique. This is why Bitcoin changes everything. For the first time in human history, you can store vast sums of wealth, millions, billions, trillions of dollars, by memorizing a 12 to 24 word seed phrase. And that makes it incredibly difficult for government to confiscate on a mass scale, whatever their justification is. And it has them scared shitakulous for the sake of not cursing in the first couple of minutes. So this is crazy. This means we're winning. Let's keep up the pressure. Let's color within the lines. And most importantly, our most important weapon in this narrative trench warfare is just to expose their lies and misrepresentations so that the world can see them for who they are. Anyways, it's going to be a great show. I want to bring up my legendary co -host, always optimistic, giant smile on his face today. How are you doing, Opti? I am doing wonderful. In the face of this very, very sober monologue, I was just thinking, of course, I think my reigning role here on the show is to make light of everything in regards to it getting very serious. And I have officially changed my view on my favorite politician. It is no longer Brad Sherman. It is now officially Elizabeth Warren. Absolutely love to see the politicians, the powers that be, the unproductive class squirm like this. And we say it all the time, Bitcoin exposes people's incentives. And you love when they say the quiet part out loud. And it's not just us like talking about it. It's them actually terrified of what is happening. You just love to see it. You know, it's going to go into what we're going to talk about on the culture. This idea that we're winning so hard, guys, it's absolutely incredible. In the face of all the fear, just remember that Bitcoin just stays winning as long as you are taking Bitcoin into self custody, the game is going along exactly as planned. And you just love to see it. This was inevitable. And it's actually happening a lot quicker than I thought it would, Nico. I'm really surprised that this is where we are. Of course, Elizabeth Warren seems to be the canary in the coal mine for the powers that be. So we'll see who else starts to come out as our also third and fourth and fifth, second or wait, six favorite politicians. You love when politicians get scared. I'd love to see it. Love to see it. Anyways, guys, so in these types of moments in history, right, it has never been a more important time to take self custody. The sponsors that support the show, make this show possible. We're very, very picky who we choose. Right. So, yes, of course. And this all kind of goes to Bitcoin's aligned incentives. We choose to partner up with Bitcoin companies that make it easy for you to stack SATs, make it easy for you to withdraw those stacks from that said exchange. We give you exposure to the best Bitcoin hardware wallets in the industry so that you can take self custody. And we also emphasize the fact of, you know, not your properly securing your Bitcoin wallet backup seed words. Don't store it on paper, store it on metal. And then not to mention the fact that we also bring up, you know, if you got it, you guys want to take the next level, run your own node. If you don't run your own node, you're trusting someone else's. And that's why we love start nine. We have all of that in the video description. So when we're talking about self custody, you guys are covered on all fronts of Bitcoin products to use it to really achieve your sovereignty as an individual. Anyways, everybody, let's jump into the show. I think this is a historical episode. I can't believe this is where we are in the movie. So many things have happened this year. Holy cow. And I suspect my intuition is telling me it will continue to accelerate as we're living through this pivotal moment in human history. We are living through the disintermediation of information and we're living through the disintermediation of money. And it's happening all at the same time. Strap yourself in. It's going to be a hell of a ride. And of course, simply Bitcoin will be here to cover it for you guys. All right, everybody, let's start the show. Let's do it.
Crypto Curious
Fresh update on "venezuela" discussed on Crypto Curious
"Welcome back. You're listening to the Crypto Curious podcast. I want to take a moment before we do our short, sharp news bites and ask you, our listener, if you could spare a moment to write a review for us. If you're enjoying the show, then give us a little review wherever you're listening to us now. Don't just press the star and give us a five because I'm sure that's what you're going to do, but take a moment, write a review. It means a lot and it really does boost our rankings and do all the wonderful things that we need. So that'd be great. Thanks, folks. Now, on with the news. A director at Netflix, Karl Eric Rinske, reportedly used nearly $11 million of his Netflix show's budget to gamble with stocks and crypto and made millions on a single Dogecoin bet. He reportedly used $4 million of the sci-fi series Conquest Show's budget to bet on Dogecoin and made $27 million. This is Dovina Degen, I think. This is Dovina Degen right here. But I was trying to work out, so now he wants another $14 million from Netflix. But according to Netflix, to what? To make the show or to gamble more? I couldn't work that out. No, surely to make a show. They're not fun at gambling. According to the New York Times, yeah, because he hasn't even made the show yet. So Netflix are whinging because they're like, we gave you the money to make the show. You went and gambled and you haven't even made the show yet. Yeah. Anyway, it could be a movie here. Sounds like the plot of a movie to me. All right, what's up next? All right, Atomic Wallet, which is a massive crypto wallet based out of Estonia, has requested to throw out a lawsuit that's been brought against them in the US for $100 million that was hacked after saying, you know, they have no company ties to the US. The Estonian based company behind the Atomic Wallet has reportedly filed a motion to dismiss the court action based, which is seeking damages for about $100 million. But this affected about five and a half thousand people and it was in their terms and conditions that if they were hacked, they weren't liable, you know, which is I think it almost in every crypto terms and conditions because it's still very early. So I'd be surprised if, you know, this... Will they get around it? Yeah, I think it's hard to pin them down on this one. You know, obviously they weren't stealing the money. They were sincerely hacked. So I think it would be hard to sue them for $100 million. Just be careful with the T's and C's folks. Yeah, so a Bitcoin user has set a new record by accidentally paying a transfer fee of over $3.1 million US dollars, notably, this is actually six times the record of $500K, which was paid in September. Bitcoin explorer Mempool, the user made the transaction paying $85.65 Bitcoin to transfer $55 Bitcoin. So that's ridiculous. He's clearly made a mistake. The Bitcoin miner Antpool was rewarded for mining the block. So not only they received the $6.25, but they received, you know, the difference between what's that, almost 30 Bitcoin in mining rewards. Now, there is speculation that Antpool will do the honest thing and return back to the user. But we are not sure if that's happened yet. Antpool have heaps of cash. They're one of the OG crypto miners, you know, they may or may not give it back. They might. You know what, it'd be a really good PR piece if they did. Yeah, probably would be. It would be a really good PR piece. But I'd like to know how much money is in that wallet of the guy that lost it. They might look at it and he might have heaps in there and they're like. Yeah, he's got another $20,000 Bitcoin. Yeah. All right, what's up next? Magic Eden has launched a cross-chain NFT and crypto wallet for Bitcoin, Ethereum, Solana and Polygon. It sees a future in crypto spanning multiple blockchains and is launching its crypto wallet browser extension in a closed beta to support that aim. It's firmly behind the NFT marketplace, it announced on Monday. Great, NFTs are back. The marketplace's crypto wallet is launching for the Google Chrome browser first. But a Safari browser version and mobile app are also in the works. The mobile app could come into fruition as soon as early 2024. So that's exciting stuff for those guys. This is a great idea. You know, you don't want to have three or four different wallets. Exactly. Holding all your NFTs. You want it in one place. That's a great idea. I think it's a big... Are people still buying NFTs? Please. Come on, mate. Oh, actually, that's big news here. NFTs aren't dead because Blake Cassidy, ladies and gentlemen, rang me about a frog NFT a few weeks ago. He's like, I think this is a buy. I literally got a message from Blake just saying, hey, okay, hey, guys, Mike O'Olin on frog NFT. I go, what? And he never messaged me back. He just... What happened? Blake, can you talk to the crypto curious audience about this project? Well, you know, NFTs now popping up on Bitcoin and, you know, there's very, very little traction on these. I think that as we move through the next cycle, we see a Bitcoin ETF. There's going to be a lot of capital looking to place itself into, you know, Bitcoin and native products. And what's really interesting about this is I went to buy one last week. And then the week before and then on the weekend, I actually went to go back and actually buy it. He messaged me and goes, those frogs have doubled. They've fucking doubled in the time that I... Did you buy? No, I didn't. I went back to buy it because I was thinking about it all weekend. They doubled in the Twilight Zone. I was like, what is happening right now? Anyway, we digress. So they are not. All right, Blake, what's up next? All right, rain.fi.finance is the first customer peer-to-peer loans for DeFi on Solana. So I assume this is kind of like a MakerDAO or like an Aave that's being built on Solana. So peer-to-peer lending. So I'll be interested to see if anyone uses this. I know that AP, the assets locked on Solana is relatively low to other platforms. So I think that this will be increasingly popular as more people participate on the network. And I think it's a required piece of infrastructure for that blockchain. And yeah, good on them. Moving in the right direction, it seems. Guys, to round this out, Argentina's new president, Javier Mele, or Mele, he strongly supports Bitcoin. And he's just won the election. And he considers it a safeguard against political manipulation and inflation. Now I've actually been to Argentina, guys. The money is a shambles. It's all ripped, it's tared. Their inflation is bad. It's currently at 143%. So this guy is coming in. He's pretty radical. He wants to eliminate the central bank and wants to bring Bitcoin into his plans. And his plans are also to reduce government ministries from 18 to 8. And he's aiming for extensive restructuring. Tracy is shaking her head right now. But this guy, he couldn't be the first country or the first major nation to make Bitcoin legal tender. So watch this space. Wait, isn't Bitcoin legal tender in the country already? Yeah, it is. It is an African nation. It's like in Venezuela, isn't it? So is Venezuela not a major country? Gee, sorry. I don't think it's a top 20. I don't think it's a top 20 GDP. I'm guessing, could be, don't think it is. What, is Argentina? I think it is. Argentina GDP. I'll just fact check that, thanks. 23rd. 23rd GDP is Argentina. So I was wrong. But Venezuela is, Venezuela is 72nd.
Bloomberg Radio New York - Recording Feed
Monitor Show 00:00 10-19-2023 00:00
"Interactive brokers clients earn up to 4 .83 % on their uninvested instantly available USD cash balances rate subject to change. Visit ibkr .com slash interest rates to learn more conversation on the latest edition of the Bloomberg intelligence 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 at bloomberg .com and the Bloomberg Business app. This is Bloomberg Radio. Mhm. Mhm. Mhm. Mhm. This is blumberg daybreak, Middle East and Africa. Our top stories this morning. President biden meets with Benjamin Netanyahu and signals full backing for Israel, promising a package of unprecedented support. He also announced this $100 million for Gaza and the West Bank. Why regional tensions simmer oil comes off a two week high as the US eases some crude sanctions on Venezuela. Tech divergence Netflix sores after hours following a larger than expected boost to subscriber numbers. But Tesla falls on an earnings miss. Elon musk dials back on growth expectations as higher rates bite and mortgage sadly falls the most since june of 2020 after sluggish results that came through from the investment bank in particular and the wealth management unit. But the CEO James Gorman expects activity to pick up once the fed presses pause. We are seeing increasing evidence of M and A and underwriting calendars that are building.
The Bitboy Crypto Podcast
A highlight from Bitcoin BIGGEST Advantage in Crisis! (Charles Schwab Collapse IMMINENT)
"Being prepared to handle emergencies has long been a subject in and of itself in case of a natural disaster civil unrest or even as of late an alien invasion. But what about an economic emergency? This in my opinion should be the top of the list of concerns for the everyday person. But how do you protect yourself against something like that? Welcome to Discover Crypto. I'm the Druth. Let's dig in. As people fleeing fiat currency systems in Turkey, Sri Lanka, and Venezuela have found in recent times, Bitcoin is beginning to prove itself to the world as a safe haven for storing personal wealth as a system around us collapses under its own weight of leveraged debt and unchecked spending. Now having the ability to provide your own food, safety, and even if necessary a new shelter or bug -out plan is now a much more commonly held conversation at the water cooler as people around the world watch these events unfold in real time. With freedom of speech finally making a comeback on ex post flu season, the mainstream public can now clearly see that the cracks forming in the foundation of civility which the system was built upon are eroding. One of the latest examples of this was the downgrading of over 25 trillion dollars worth of United States debt. There has never been a bigger collapse in the trust of the US dollar and it's going to be a rocky road for the next few years at the least. The taste of a banking collapse in the US was felt in March of this year with people being blocked from entering their banks to withdraw funds and also accounts being locked as multiple banks like SVB, First Republic, and Silvergate found themselves on the wrong end of the stick from Jerome Powell and the Federal Reserve's interest rate hikes. The interest rate hikes caused their balance sheets to break. What we have seen now from the Federal Reserve this year has been the most aggressive rise in interest rates in the entire history of the United States. Something is intrinsically broken and they are scrambling to fix it. I'm just saying it just kind of looks like an emergency. Charles Schwab Bank is now being closely monitored by the market as the next shoe to drop in this unfortunate set of events. This bank owes a hundred and thirty percent of their total equity capital to short -duration FHLB loans. These have to be paid back soon. This is a higher level than SVB and Signature Bank had when they collapsed. It is important to keep in mind that after the 2007 housing crisis, US banks were given the authority to perform bank bail -ins with the Dodd -Frank Wall Street Reform and Consumer Act. This allows for the bank to take your money out of your account should things begin to break again in mass. Now, why do we Bitcoin? For those at home watching who have just discovered crypto, Bitcoin is a decentralized digital currency that is not subject to the control of any government or financial institution. When you really step back and look at the bare -bone ethos of Bitcoin and self -custody, this is a match made in heaven for those that are already sovereign minded individuals. Bitcoin is not subject to the control of any government or financial institution. Juicy. And was created and secured by a network of computers that are spread out across the world. It is also highly portable as you can put it onto a cold storage wallet like a ledger and not be interfered with by nefarious outside parties. This comes to mind when you're trying to escape a war -torn country or your city is being looted because there's been a natural disaster, some explosive headline that got everyone riled up once again. And finally, Bitcoin's real value is the intrinsic security of a fully democratized and decentralized system that'd be more costly than it's worth to attempt a 51 % attack at this point. Plus, if someone successfully did do this, the value of what they just took over would plummet to near zero. The proof is in the pudding. The Bitcoin network is likely the most secure system on earth at this point. Having the ability to not have to carry your wealth on your back or in a briefcase that is isolated from another banking crisis is a massive advantage, especially in today's circumstances. Becoming a financial Minuteman in the technological revolution is a must. Smash the like and share a message with a friend and spread the word as we discover crypto.
The Financial Guys
A highlight from Consequences of McCarthys Deal with Democrats
"The real danger of Obamacare is not the cost. That's not going to be the issue. It's going to be the destruction of health care because bureaucrats will make the decisions that the doctors should be making with their patients. And what happened? The bureaucrats in Albany, Dr. Fauci in Washington, the bureaucrats in government made decisions that were completely wrong that the doctors, for fear of losing their licenses under threat of termination, were forced to follow. Welcome back. Mike Lomas, Comical Financial Guys, a place where money meets politics. We still talk radio even though it's a podcast, but thanks for tuning in. And this, by the way, brought to you by our home and auto division. Give us 14 minutes, let us shop over 25 companies to save you money. And it is Medicare season. I can tell you that the Buffalo office is ramping up crazy. So if you need help turning 65, 65 plus need help with your Medicare, make sure you call us. But we, you know, throughout the week we send each other a ton of stuff. Glenn, the violence, let's start with the violence because the crime in, in these left wing hubs is to me just getting out of control. You know, one of the things Mike asked me this morning on the morning Mike's was, you know, do you think the liberals will, will get this now? Because this week alone, there's been multiple left wing nut job. You know, folks that have been stabbed. This is the New York City fatal New York City stabbing of a social justice activist, right? So, you know, this, this nut job didn't know that this guy was left wing, right wing. He just stabbed them, right? The guy was mentally ill, just stabbed them. I think it was Philadelphia. Was he just a criminal? Well, right. Well, right. Well, I think to be a criminal, you got to be mentally ill, but yeah, there are some people that are like legitimately like they're on the streets. They should be in an institution, but they're mentally ill. There's other people that are just like, Hey, I'm from Venezuela. I'm from El Salvador. I'm just going to get, I'm just going to get your crap. Although I don't think this guy stole anything. Right. He just stabbed them. Like, so yeah, I don't know what he just did. Yeah. Yeah. But, but, um, so go, sorry, go. I didn't say it was, I was saying to, uh, Marcy this morning, I'm like, you know, the sad thing is we used to say, you know, I know a lot of Venezuelans, you know, dying down here in Florida is a lot of Venezuelans, a lot of Cubans, good people, right? Yeah. Here's the difference. The, the, the, the next generation though, but you see, like I saw a video, I can find the video. I think you saw the video, right? Um, guys, 17, 18 years old. He's like, I'm from, I'm from, you know, Venezuela. I'm going to New York city. He's got gang tattoos, tattoos all over his face. You saw that, right? So 17 years old, you have to remember this kid has never experienced the benefits of the positives when Venezuela was a free country. Like he doesn't, like you talked to a 45 year old or a 50 year old Venezuelan. They're like, Oh my God, we lost our country. They lost their country when they were 20 or 30. He's fighting to survive the whole time. Yeah. Yeah. He knows breaking into a zoo to try to get the, that's right. That's what he knows. Right. That's the life he knows. So now you're taking that kid. Now you're putting him in New York city. What life does he know? What, what marketable skills does he have outside of eating out of a dumpster? Well, let me be fair. When you're, when your entire face is a tattoo, you've got very few things that you can do. Very few, very few. I'm not saying there's not things that you can't do because I'm sure there's all kinds of labor, but you're, you're basically wiping yourself out from half the workforce at that point. So here's your choice as an 18 year old El Salvadorian or Venezuelan, right? You can work in a construction job, make good money, 80, 90, $100 ,000 a year, pay 20 ,000 or more of that to the federal government. So you end up with half by time you're done. Or you can get involved in one of these new, uh, uh, organized gangs that are popping up in these major cities where they're targeting luxury homes and breaking in. They're also targeting luxury yachts and they're stealing hundreds of thousands of dollars that they fence on the black market and you can make the same $100 ,000 except there's no taxes. There's no, there's no filing of anything and you're seeing these things. You're seeing these criminal gangs organized criminal crime syndicates that are actually now moved here and are setting up in major cities across the country. Yeah. They, they actually set up the online campaigns, right? So you can see it all, you know, they'll show you how it all plays out, right? They'll loot five stores. Uh, you were, you were saying something about the yachts and the big homes. Here's what's happening folks. This is what happens, right? Now, the other, the, it's funny, I sent you this morning, Starbucks closing seven downtown San Francisco stores. So we already know that Walmart's closing in, in all those places. Target's closing and all these places, the San, the, the, uh, the Starbucks are closing, so they have nothing left to rob. Now in some of these they've got it out, they've basically got it out. San Francisco, right? So where are you going to move? The Starbucks to where the money is. The Starbucks went from sensitivity training. Remember five years ago, they had a, they had a, they had a black guy loitering in the place, harassing customers that they called the police on. It ended up being a major, it was racism. They shut down all the stores across the country. Remember? And then they, then they opened up a policy of anybody can use their bathroom, even homeless people policy. Then they had to walk that back. And now they're all close. Now they're all close. Now they're just throwing them in the towel. His question this morning, Mike was, will they ever get it? And I said, Mike, I said, I know I've used this analogy a million times, but I think it's so, so very true. If you look at the school systems that they've run and they've gone from 80, 90, a hundred percent graduation rates to 90 to 80 to 70 to 60, you would think at some point along the way that they would have been smart enough to figure it out. Now they're at 40%. And, and literally a hamster could graduate, right? I mean, if the hamster shows up in the classroom, that's a 40%, you move on. Right. So to answer the question, I don't think they're going to figure this out. I think the only way it happens truly is you have a structured bankruptcy and the social programs go away and you're going to have massive, I mean, really, truly, you're going to have hubs that are, that are Iraqi, you know, war zones and yeah, I mean, it's going to get worse. By the way, those war zones are going to get worse and worse and worse. The drug will get worse. And, and the, and the communities outside of that, if you've got a structured bankruptcy and they're not paying for the social garbage anymore and the free welfare, they'll be able to have the good police officers. They'll be able to have the good walls, right? The property values will be expensive, but the Democrats want those same crime, places, you know, subsidize housing. They want them in your neighborhood. They want them in Lancaster. They want them in Alma. That's what they want. To that point this week, they, they are now issuing vouchers. So you can, and those vouchers by the way, are not meant to say you stay right where you are in this inner city. That's already a piece of shit. You take this voucher and you give it to the landlord out in the suburbs and we'll pay your rent. Right. And now it puts a landlord in a tough position. Okay. Well, I can get guaranteed rent with these vouchers. Right. What if you don't take it? What if you don't take it? You're going to get accused of discrimination. You're going to get, you're going to get investigated by our very fair and honest attorney general in New York state. Of course not. That's right. You think about this though, Mike. So in Minnesota, we had the council woman, remember that, that was, he advocated for no police. Remember? And then she was carjacked in her driveway and violently assaulted. And she's on camera after with, you know, bloody head going, I can't believe this happened to me. You advocated for no police. Right. They're the first ones, by the way, trying to get their phone for 911. That's right. First ones, New York City officers, New York City, left wing advocate, right? Activist, uh, stabbed to death, right? Activist, left wing act to no police, no bail, bail with doing all the things at the left. When I said left wing activists, these activists, let's talk about what they support. They support no bail because that's not fair. Right. They think that criminals are, are, are, you know, mistreated. So they want them back out in the streets. Right. They want less police because police are the problem. Right. I mean, you know, I don't, do they get it? No. And then just yesterday or two days ago, you had a Democrat, a politician, carjacked at gunpoint in DC. That's right. It's insanity. In DC. In DC. You cannot, you're not safe in DC. Right. Where the, where the white house is. The Capitol. Right. Right. The Capitol. It's a crap hole. You know why? Because it was run by people like Mariel Bowser for years. Right. It was run by corrupt left wing politicians. Right. And to ask if they're totally getting rid of cashless bail in states like this, they're doubling down. There's been no conversation about that. He's not talked about that. Kathy Hochul. I mean, honest to God, talk about a narcissistic moron. I mean, she's saying, get this kid rescued. Thank God. Thank God. Hats off to the, to the state troopers and the police to put this together a great job and returning this child. Kathy Hochul, all the press stuff she does. There's not one picture of the family. It's all about her. Everything. Prescott. I promised a family. I'd get them back. Really? How could you possibly do that? Which is totally untrue, but she made this whole episode. Instead of praising the police and the good job that she made this whole thing about her. How great she was. Unbelievable. She is truly stupid. I think the guy had a rap sheet too. I think he was the guy, by the way, the guy that got stabbed in New York city, I bet Mike, he's like a red stripe. I said, we're both down in Florida. You know, that way we both win. This guy, when they find this guy and they'll find him, he'll have a rap sheet as well. He will have been out on jail multiple times. He probably has already stabbed somebody. This is probably isn't his first stabbing. Why, by the way, why, by the way, we're not outraged and getting rid of knives is beyond me. You can't defend yourself. I don't know. Where did that stabbing happen? That was Philadelphia, I believe. Was that New York city? Oh, stabbing was in Brooklyn. That's right. Something else happened in New York city. Oh, a lady got hurt with, uh, uh, uh, you know, hoodlums on motorcycles. A woman with two children got her back window smashed. And when they jumped out of her car, got out to confront the guy, he pulls a gun. She doesn't stop, backs him down and protects her kids. The problem though is, if you are living in one of these left -wing cities, you have to get out. You have to get out. This guy, let's say if he wanted to defend himself for two nights ago and took out a gun. Yeah. Yeah. Maybe now, maybe not because he's been a left -wing Democrat and he's a registered Democrat. So I'm sure, I'm sure that would go a long way. Was he gay? Yeah. Was he trans with the, what card did he hold? I don't know. He's got to have something because I think that, I think the perpetrator was black. Was he not? It's not, yes. You're saying it's not just good enough to be a Democrat anymore. You got to take it one level higher. You gotta have something. You gotta be something else. You gotta be an acrobat, you know, lesbian, you know, underwater free diver. I don't know. It's just, it's just so this preposterous. It really, stuff that they come up with. Another three here in Western New York, and three Colombian nationals this week charged with burglizing Amherst residents. See, this is the problem though. You know, you have to question this morning with Mike Hayflick. Coming to the suburb, a suburb near you. It's coming to a suburb near you. You're going to watch very quickly these left -wing folks that have voted Democrat, although I'm not sure that a little brains are going to get it, but you're going to find very quickly how we're going to go from an all loving open -armed community to whoa, whoa. And even Kathy Hochul's like, don't come, don't come here. We're full. We're full. Open arms, a statue of Liberty, something along, welcome everybody, blah, blah, blah. As Joe would say, you know, which wasn't the truth, by the way, Ellis Island, you had to go through, you know, I've been reading up and really started learning about a lot of the history of our immigration policy. Agree to learn English, sponsored by family. You had to go through, you know, testing to make sure you weren't sick. If you were sick, if you came, if you got off the boat and you exhibited open sickness, you got back on the boat and you were shipped back or, or you were quarantined. Interestingly enough, throughout the turn of the century, we had very strict quotas of countries that we allowed people to come in from. We had countries that were literally blacklisted. We were not allowing certain countries like African countries to emigrate, immigrate, I should say United States progressives, by the way, liberal progressives at the turn of the 19th century were the ones that put those policies in place. So again, you know, it's amazing how, when you look at actual and understand actual history and you see how things really flipped, you know, it's really two things, by the way, that, that changed this in a big way, right? Number one was these feet. People did not come in here and get massive amounts of welfare, right? They went right to work. There was no welfare. They agreed to learn English. They agreed to acclimate into the school systems, right? Number one, number two, we actually had a criminal justice system back then that actually put criminals in jail, right? So if you came over here and you did something stupid, you were going to jail. You were not getting out on cashless bail. Welfare wasn't waiting for you on the other side, a very different system than where we are today. And it could have impacted your entire family. Your family had to vouch for you coming over. We had a family oriented immigration policy that really stressed. So if you had family over here already and you were, let's say in Italy or you were in France or whatever, and you wanted to immigrate to the United States, you had a much higher probability of being able to get to the United States and, and, and meet, you know, get underneath that quota. But from, from, from a, a good chunk from world war, you know, about turn of the century through the great depression, we had very little immigration in this country. And it's amazing. I look at like my grandparents that came from Italy. I'm surprised they were able to get in, but it came, you know, my grandparents and then they brought over a few more family members, but most of them were still in Italy. They, they stayed over there. So just interesting if you really understand the policy and you understand history, and I wish they would teach more of this on who was responsible for what. But yeah, while they're removing all that. Yeah. Speaking of karma though, we've mentioned karma earlier and we got to talk about Kevin McCarthy and Carmageddon. I mean, I hope that the Republicans take notice that this is what happens when you cut a deal with the Democrats. Cause that's what he did, right? He cut a deal with the Democrats. Some of them are not getting it still though. Newt Gingrich I saw last night. Newt, I love you man. But he's on Fox. So he goes, I think this is a bad idea. I'm like, this guy is exactly why people like you and I McCarthy never give a goddamn penny to the Republican. And that's exactly why we don't show up for the benefits anymore. We don't show up because it's, it's, it's total. We are $33 trillion in debt with a clock, by the way, that is literally smoking. It's going so fast. You can't even see the numbers flip anymore. It's just a blur. It's just a blur.
Mark Levin
Gov. Kathy Hochul: Telling Migrants to 'Go Somewhere Else'
"Of the people in our shelters today are from Venezuela they are literally from around the world in West Africa South and Central America they're coming from all but over we have to let the word out that when you come to New York we're not going to have more hotel rooms we don't have capacity so we have to also message properly that we're at our limit if you're going to leave your country go somewhere else but the smarter thing is to apply for asylum before and you'll have a different you experience leave your country when you arrive I love this right like we're at our limit New York's at their limit they're at their capacity what because they got a hundred thousand people there that they didn't want we're at our limit don't come here you leave your country don't come to New York and and this is as we're watching on TV and this is why these poll numbers are changing large groups that are coming across Eagle is Pass dealing in a day what New York is dealing with in in a month or two months or three months per day of illegal immigrants coming across the southern border listen to Bill Mallujan reporting on the largest mass illegal crossing that we have ever caught on video we've ever seen happening this last week. I can tell you that early this morning in Eagle Pass we witnessed one of the largest mass illegal crossings we have ever seen in the last two and a half years of covering our southern border we'll get right to this video take a look at this stunning footage border patrol sources telling telling us just after midnight about 2 ,500 migrants crossed illegally into Eagle Pass you can see this lengthy line of them stretching from shore to shore in the river this video perspective coming from the Mexican side of the river in Piedras Negras one of our contacts over there shooting this video as as they essentially bum -rushed Eagle Pass last night bum -rushed that's what's people's changing minds here
The Crypto Overnighter
A highlight from 678:Bitboys XRP Beg, Menendezs Scandal, and Venezuelas Bitcoin Raid
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The Financial Guys
A highlight from Growing Unease: Current Administrations Approach to Security and Travel with David Bellavia
"What do you think they're doing with cash, right? What deal do you make where someone says, I'll bring a box of money to you? Yeah. What do you, it's, this is a state sponsor of terrorism. Ladies and gentlemen, distinguished guests and my fellow citizens. America's comeback now. starts right Welcome back Financial Guys podcast. Mike Speraza in studio live today with a guest in the studio. I haven't had this in a long time. Staff Sergeant medal of honor recipient David Bellavia joining me for about a half hour today. David, thank you for joining us. Thank you for having me. I appreciate it. Absolutely. So I'm going to stick based on your background. I'm going to stick with a lot of military stuff today and I want to start, we'll go all the way back to the beginning of the Joe Biden presidency. The Afghanistan withdrawal, in my opinion, did not go very smoothly. I'm sure many people listening agree. What were your overall thoughts of that withdrawal and how it actually ended up happening? I know we lost, you know, sadly lost 13 soldiers in that, in that withdrawal. People say we went off the wrong air base. People say that we shouldn't have gone out in the middle of the summer. There was a lot of different things there. What were your overall thoughts on that? I think it's like the worst day in American history since Market Garden. Just absolutely. And the reason why it was so difficult was it was totally unnecessary. So let's rewind to the Obama trade, Bull Bergdahl and the three first round draft picks. They get Marshall, they get MacArthur and they get Patton that end up the resurgence of the Taliban. These men not just go back to the enemy, they go back to the battlefield. They're in power when the government falls. You have misinformation coming from the White House that the president of Afghanistan is leaving with billions of dollars on his plane, which wasn't true. And then you leave the equipment, the cash. There's no recovery. We're getting reports of sales of American equipment left in Afghanistan in Southeast Asia. We're moving material across the globe. Our children will fight and pay and have to atone for these miscalculations. Let's talk about that. You being in the military and you knowing that area too, why did they just find it the easiest way out to just say, you know, just leave that billion dollar billions of dollars of equipment there and not think, again, if it was me and I'm speaking that someone that's never been in the military, but if it's me and I'm the president, I'm thinking, OK, I don't want to leave all our weaponry there. I don't want to lose any of my men. Number two. And number three, I want to make sure that everybody knows when and how we're getting out of there. And it just felt like poof. One day they said we're getting out of here. Well, it's because the military didn't make any of those decisions. I mean, look, Millie, it can criticize him. You can criticize Secretary of Defense worthy of criticism. However, none of these individuals are making decisions. This is about NGOs on the ground. This is about the State Department. So you've got Bagram Air Base, the equivalent of JFK. You've got Karzai International Airport, the equivalent of Teterboro. Right. Why would you ever do an exfil out of Karzai International Airport? It makes absolutely no sense. It's tactically unsound. But and then you've got all the ISIS -K. We retaliate from the murder of 13 of our bravest and we drop a bomb on a guy delivering water. He's on our payroll and we kill children on that. Then we take out Borat on a tuk tuk driving around like that wasn't even really what was happening. It's just a den of lies. And Tony Blinken and Jake Sullivan, all the heroes that brought us, you know, the Bergdahl deal, the Iran nuke deal. This is these. They the State Department is running all foreign policy, including what the DOD used to run. Well, that's I was going to say. I mean, I know Biden's the president, but do you blame him at all or is it everybody underneath him that, you know, maybe was giving him bad information? And again, some of these decisions, David, is Biden even involved in some of these decisions? Like, I don't even know anymore. Is he around? Is he paying attention to anything going on? Well, I mean, just from the press conferences, it was apparent he didn't know what was going on. And the great irony is that they actually were predicting that Ukraine was going to be invaded and, you know, no one believed them. So it's like you can't influence your friends. The allies don't trust you. The enemy doesn't respect you. You know, I mean, you've got Ben Rhodes is really proud of this State Department. Susan Rice loves what they're doing. But, you know, again, Americans died. And, you know, and what is the perfect culmination of the adventure in Afghanistan? Looking at your watch at Dover Air Base when bodies are coming home. I mean, nothing could you couldn't ask for a just it's it's a debacle. Yeah. And it's sad that that's that's the leader of our country there. Let's move in. You brought up the Ukraine there. So the Russia Ukraine conflict will get to Zelensky in a minute. He is as we speak in New York City right now. But so Trump's in office. We don't see many of these conflicts or any conflicts actually started under his watch. And then we have the Biden administration come in. And a year later, we have Russia invading Ukraine. Why did this happen and why? Why the timing of February of 2022? So let's go back to when we were fighting ISIS. Trump engaged and destroyed estimated some say 300 members of Wagner forces. But those were Russian nationals. We engaged. We destroyed them. What was the response from Putin? Nothing at all. So what do people in that section of the world, Eastern Europe, the Middle East, what do they respect? They respect power. They respect authority. You're not going to get any respect if you don't engage the enemy when they present themselves. I don't understand the calculus of again, I'm trying hard to figure it out. I don't get it. I don't. You know, Romania and Hungary and Poland, you're letting them unilaterally decide whether or not they want to send reinforcements into Ukraine. That's an act of war. If NATO members engage the enemy, all of NATO is engaged against the enemy. Poland doesn't unilaterally make that decision. Hungary and Romania don't unilaterally make that decision. We can't even articulate what the mission is. And if you look, go to the Institute for the Study of War, there's a plug for them. Check out their overlay from when the battle started, when the war started with Russia. And tell me what success this offensive in Ukraine has produced. I mean, let me ask this question, because I get confused. The answer is nothing. I asked this on Twitter, X, whatever it's called, all the time. What is the end game and how do we get there? Because all I see the answer is, hey, just blank checks. Hey, just write a check. Hey, here's a billion. Hey, here's 20 billion. Hey, here's another 10 billion. I don't actually see a look. I mean, like anything, right? If I write a business plan of what I want to do in 2024, my goal is X. I write down my steps to get X. I don't just write down X and say it's going to happen. I don't really know. And then the answer always is, well, we have to fight. We have to back Ukraine. Okay. But when does that end? Because the Afghanistan war and the war in Iraq lasted 20 years plus, right? And was there a real end to it? I don't know. That's where it gets frustrating for me, Dave, where I'm like, how do we know what the end game is? Do you win or lose? When does that happen? I don't know. I don't know. At least you're thinking about it. And I have fear that our leaders aren't, and that's the problem. So here's what this comes out. You're going to get a negotiated settlement out of Ukraine, right? But you talked about the billions of dollars that we're spending and giving to Ukraine as a blank check. First of all, Zelensky visited Ukrainian soldiers in the United States. Did you know that there were wounded Ukrainian soldiers in the United States? I did not know that. Well, today he visited them. So what's happening there? So that's a cost that no one is putting on the ledger. So now let's look at the blank check that Ukraine is getting. And by the way, I'm pro Ukraine. I want to fight communists all day and night. So let's punch Putin hard in the face. However, you're giving them a blank check and you're giving them munitions. Now here's the problem. We have to replace those munitions. Those munitions were purchased for 20 year global war and terror. And let's be honest, inflation is involved. So what you purchased for $10 is now $17. So you're not just giving them the money. You're giving them the equipment and the munitions that you have to replace yourself at the value of what is valued today. We haven't scratched the surface for the amount of money. CBO absent at the wheel. No one is tracking this. 2024 can't get here fast enough. How does this work, though, when you talk about some of these NATO nations coming together and making decisions, but us not just giving weaponry, giving everything money, whatever we're giving there? Is that not an act of war, too, though, David, at some point? We're continuing to fund Ukraine continuing the war in Ukraine. I mean, that to me seems like we're backing a war. Well, I mean, by the letter of the law and NATO charter, it's not. But here's the problem. It's schizophrenic because we were told that what was an offensive weapon was going to mitigate, you know, that wasn't going to help peace at all. So we went from, I don't know if they should get tracked vehicles to I'm not sure an artillery piece is what they need to high Mars rockets being launched. And let's be honest. I mean, the Ukrainians are I mean, the payload that they're going through, what you would have to have cataclysmic casualty numbers to be able to to the spandex that they're doing on the ground that they need to replace Patriot. If you're going through thirty five Patriot to, you know, missiles, I would expect to at least the C 20 makes that are shot down. They're using them for air artillery. They're using there for indirect fire. I don't know what they're doing, but this is going to end with Don Boss going to Russia. This is going to end with that land chain that Putin wanted through Crimea. And again, our friends in NATO, what are they even doing for Ukraine? What? Look, if you they said that Trump wanted to kill NATO, Biden did it. Right. Biden did it. And now Germany. And so Putin was selling oil at thirty dollars a barrel. What's it at ninety six? Yeah. He's making more money than he did before. And he's financing a war and killing innocent people. You mentioned before, too, and I think this is a good point. Everybody on the left and I'll say the media, the establishment, whoever you want to say, says that if you don't agree with the war in Ukraine, you're like pro Putin. Right. And that's just the most outrageous thing in the world, because I agree with you. I feel for the people of Ukraine. I don't want this for them. I don't want this for innocent people. However, at some point, the world's every every one of the world's problems can't be America's problem when we have a border crisis. And then I think they said yesterday ten thousand people came across. They got, I think, eight thousand of the ten thousand. But you see the numbers day over day. It's a problem. We have crime that's rampant. We have overdoses that are at record numbers. We have we have suicides at record numbers. At some point, we have to maybe just think about ourselves and not everybody else, because if we fall, sadly, I think the world falls at that point. Amen. The thing that I would add is I love the way the Ukraine refugee has been crowbarred into the migrant crisis in the United States. New York leaders from the city to all over Kathy Hochul, the governor of the state of New York, mentioning that, you know, like the Ukrainians in Poland, the the Polish have no intention to keep Ukrainians forever. That's a temporary you know, they're leaving a conflict to return to their country after the conflict is over. Again, this is just we're we're putting a round peg into a square hole and just hammering it away. But but there's no the media. There's you're our destroying military. I go to parents all the time around this country and ask them to give us their sons and daughters to join the military. And the one thing they bring up is Afghanistan. It's not about anything. It's Afghanistan. How are you going to assure us that you're going to maintain your commitment to our son and daughter when you betrayed us in Afghanistan that has lasting effects? And there's not a I'm trying to find a segment of our of our of our nation that's functioning. I don't know what it is. I saw in Chicago, they're going to have municipally owned grocery stores. Maybe that will figure it out there. Yeah, yeah, it's good. Real quick, do you think and we'll finish up on this topic, but do you think that they will we will ever have boots in the ground on Ukraine? I mean, I hope not, because I just don't know what the I mean, look at I'm I'm we're getting ready for China. We're trying to revolutionize everything. I don't know what the what the plan is. I mean, again, if you want to put a base in Ukraine, and you want to make that a sustainment operation going forward, that I here's the point. I don't understand what the inactive ready reserve call up was for. Why are you bringing those troops in the non combat support? Why are they going to Ukraine? What are you building infrastructure there? Here's what I do know. We're talking a minimum of $11 trillion to build Ukraine back. That is cataclysmic amounts of money. There isn't water, electricity, internet, you know, you want to help Ukraine. You're going to Russia is not paying for that if you negotiate a settlement. So I don't know what the plan is. But I hope we never see boots on the ground. I could guess what the plan is. I won't I won't say for sure. But I could guess that we'll be paying a chunk of that. And I do have one last one. So I did interview Colonel Douglas McGregor a few months back. And he talked about he's a real optimist. But he is really very, very bullish on Ukraine. Yes, very, very optimistic. I'm dropping some all over the place. But he brought up some staggering numbers, though. And even if they're half true, it's a problem. The amount of casualties and wounded soldiers on the Ukrainian side that we're not hearing about the media. I don't know if you agree with some of those numbers or not. But he's saying, I mean, it's people are acting as if this is an even war right now. And it's not even close. First of all, McGregor's a stud. I mean, he's an absolute, you know, that we're glad he's on our side. He's a military mind. I don't know if those numbers are accurate. I could tell you they're juxtaposed to almost everything we're hearing from every institution that we have, including a lot of our intel from Germany and England. But again, I don't know what to believe. So when you don't have when you don't have transparency, when you're not holding regular press conferences, when your Pentagon spokesman is now working in the White House and now you're getting a triple spin. I mean, the U .S. Open double backspin. You've gotten so many spins on the narrative. I don't know what to believe. But if he is even close to what is a segment of truth, you know, then look, Ukraine needs an investigation. There's a lot of investigations. We've got to start on Afghanistan. We were promised that by Speaker McCarthy. We need a hot wash on Afghanistan. And then we need to go to what who is oversighting the money that's going to Ukraine. And what have we got for our return on investment? Yeah, I'm not asking for much. Really, all I'm asking for in this conflict is can we just talk about what the end game is? And to your point, can we get an accounting of where the money's going and what's being spent in a real accounting of it? The Iran deal that just happened last week. First off, the fact that that was negotiated and completed on 11th September to me is just the ultimate slap in the face. But you again, you know more about this than I do. We do a five for five trade. OK, I'm going to use sports analogies. We trade five for five. And then we also approved of six billion dollars that apparently wasn't ours, but it was in a fund that now they can release to Iran. How are we winning on that one? Well, first of all, I was hoping that at least it was a digital transfer. The fact that it went as euros in cash through Qatar. And OK, so what happens the 24 hours after that deal is made? We're now getting issues in the West Bank. We're now hearing about issues in Yemen. We've now got Hezbollah that's reinforced. I mean, look, what do you think they're doing with cash? Right. What deal do you make where someone says, I'll bring a box of money to you? What do you it's this is a state sponsor of terrorism. They haven't changed. By the way, their president is now in New York City addressing the United Nations. This guy's killed 6500 of his own people. He admits to it. He killed the students that revolted and wanted democracy when we did nothing. He killed 5000 of his citizens in 1988. He's killed over 300 Americans. There's no accountability whatsoever. I don't understand what it is about Jake Sullivan and Tony Blinken that believe that Iran is a partner. All you've done 10 years ago, they were refining 10 percent of their oil. And now they're a force. Now they're working with Maduro in Venezuela, and they're a huge part of their members of of the international community. They're in good standing there. I don't get it. Does anyone believe that the Iran nuke deal? Look, we got hit with cruise missiles under Trump in Iraq. How did they have those cruise missiles? Those cruise missiles were illegal under the Obama nuke deal. So how are you refurbishing missiles in two years? Do we believe that their centrifuges have stopped? That they won't have a program if they don't have one already? No, I mean, I guess my question, David, is how I mean, I know that you pay a lot of attention to this stuff, but how do people like in the media not ask these questions? Right. I mean, these are legitimate. I mean, we just traded to I put this on my notes here. This is on the heels of trading a WNBA basketball player for the Merchant of Death like six months ago. Right. I mean, and again, I'm glad Americans are coming back to America. I don't want to sound pessimistic on that. That's great news. But we also I mean, this this stuff just seems like I don't care what side of the aisle you're on. It warrants questions, but nobody seems to care. I'm in the world that if you take hostages, we take hostages. You want to exchange people? We'll exchange people. You know, we definitely have the partners in the area to do that. For whatever reason, this administration, they're they're they're contrarians. They're contrarians to you know, they claim Bush and Cheney are their best friends, yet they just go 180 degrees from that doctrine. I don't know what the Biden doctrine is. I don't know what Bidenonomics is either, but I could tell you that they believe that Iran is a partner. Now, here's another thing. Our envoy to Iran not only is no longer the envoy, he doesn't have a security clearance. Does anyone curious at The New York Times as to what happened to the lead negotiator in Iran that is escorted off a bus, taken into American custody, given a job at Yale or Princeton or wherever he's working now? I've never heard of a person going from top secret classified negotiations to no clearance whatsoever and in the custody of American intelligence community. No one cares. No one cares at all. It's fascinating. And again, for me, I mean, these are big decisions that we're making. And correct me if I'm wrong, but it used to be, you know, maybe we did a two for five deal and then we made the six billion. Now we're like, we're giving stuff away and we're on the losing end. Correct me if I'm wrong, but America was never, you know, America losing. It was always America winning, right? America getting the best of deals. At least McDonald's has a five for five. We didn't even get that. You know what this does though? Honest to God, if you're thinking about traveling overseas, things go sideways, cartel, South America, Mexico, wherever you're going, you have a price in your head now. No one in their right mind is going to bring you back whether it's Haiti or wherever you are, you're worth $1 .25 billion. And thugs and scumbags are going to take advantage of that. I mean, that's a great point too. Do you think about leaving the country? I don't know anymore. That's a little bit concerning. I don't care where you're going, right? That's concerning. This one I just had to bring up because it happened two days ago or yesterday. How do we lose a plane? And I heard that's like a third one in the last six weeks that something like this has happened. How are we losing $80 million planes? Well, they're not $80 million anymore because they've got a new engine and all this other stuff. Look, the F -35 program is a complete disaster. You want to talk about why our allies think we're crazy. We sold them a plane. This program has been around since the early 90s and we've got nothing on return for it. So basically two planes are flying in a buddy team. They're doing training and a guy punches out. We don't even know why he punched out, but that plane could have easily hit a building. It didn't, thank God. But the wingman didn't follow where his buddy went. So what is he doing? He just kind of went on and did his own thing. And now the Marine Corps put a Facebook post like a dog is missing. We're expecting the Ukrainian farmers to carry the F -35 out with their tractors. I don't know what the point of it's wild. Look, stop embarrassing us. Just stop humiliating us. That's all I'm asking. Just be the army and the Marine Corps that we know our men and women are capable of being. Get out of their way. This gender garbage, this social experiment nonsense, stop humiliating our military. That's all I ask. Why can we not get the... I mean, I know why we can't get the answer, but I'm asking this to you. But why can't we, at a press conference at the White House, why can't we say, I want to talk to the guy that was in the other plane, or you can tell us the transcript of what happened when that happened. Talk to the guy who jumped out of the plane. Why did you do that? And again, I'm not trying to put our military on the spot, but these are kind of big questions to ask, right? I mean, if I do something in my business, I have to go face the music on that. Why doesn't everybody have to face music for their decisions or why things are happening? I think it's kind of important. Well, you don't want to talk to generals because they're going to tell you the truth and they won't be generals anymore. True. And you don't want to talk to enlisted people. Because look, I mean, let's be honest. How many people are... Is this a merit -based military anymore? Do we have a meritocracy? Are we promoting people based on pronouns? Go figure. When we're putting politics above military strength, accidents happen. We don't know the facts, but the fact that nobody cares about getting to the bottom of it, the day of the Pentagon paper reporters are gone. Yep. Yep. Let's just talk about the 2024 race quick, and then we will wrap up for today. So your thoughts on the Republican primary so far, I'll stay away from the Democratic side till the very end, but your thoughts on, you know, there's obviously Trump who is now in a, has a huge lead. Ron DeSantis seems to be crumbling underneath himself. Vivek Ramaswamy has jumped up in the polls. Nikki Haley's there. Tim Scott's there. A few others that probably aren't going to get a lot of votes. Chris Christie's the anti -Trump candidate. Mike Pence is, I don't know what Mike Pence is. I'm not really sure. Your thoughts about the whole field so far? I mean, look, it's impressive. They've got a deep bench. There's a lot of diversity. I, you know, none of it matters. Trump is the guy. The more you indict him, the more you empower him. You know, I'd like him to work on his communications a little bit better. You know, but if Trump is Trump, Trump is a Frankenstein monster of Barack Obama. As long as you have that faction, you're going to get, you know, Trump is going to be empowered. I just don't want to see Governor Noem anywhere near the White House. And I, if he's going to pick a running mate, you know, it's hard to find an ally here, you know. But it would be nice to find a governor. I don't want to take anyone from the Senate. I don't want to take anyone from the House with the margins that tight. But I mean, the idea that Governor Noem is being floated right now. I mean, I'd rather take North Dakota. Yeah. A little sled there. You know, it's funny you mentioned that because I saw a lot of that this weekend. I mean, can we just, for lack of a better term, keep it in our pants for about a year and then do what you got to do? It really is. I mean, every time you turn, somebody's doing something idiotic, whether it's Boebert. And again, I say this, David, a lot of people know who you are. A lot more know who you are than they'll ever know who I am. But when you go out in public into a movie theater like that, and I'm going to Boebert, not Noem for a second, you're, you're extremely well known. I don't care if it's dark or if it's as light as it is in the studio right now. What are you thinking? I, you know, she's, she's, she's an embarrassment. She is. She's bad, too. Who would have thought that Marjorie Taylor Greene would have been the, the oasis of the Maryland? I mean, seriously, I, again, you're, you're in Congress every day. You're out in public, you're on the job. You know, at least she wasn't wearing a hoodie, you know, that's all in shorts. She was at least dressed for the occasion, but I, it was, it's wildly embarrassing. Vaping, singing, whatever you're doing. Getting groped. Yes. Who is your VP candidate then? Because I think, you know, you have names thrown around. There's, there's, the vague has been thrown around in there. You know, Byron Donald's has been thrown around in there. Carrie Lake has. I don't know. I love Carrie Lake. I just don't know that Trump needs to go with somebody so divisive there. I think he's got to go with somebody that's, that's firm in their beliefs, but also not maybe going to turn off half the country. Well, you know, it's, it's impossible. One of the, one of the problems with making Trump, you know, the, the enemy of the state that the left has done is that you've really made it difficult for him to even put a cabinet together. You know, I mean, what are you going to do with it? You've got a lot of loyalists out there. You know, the vague is, is I think maybe the most intelligent dynamic candidate we've ever seen run for president, but experience does matter. But you know, I love the way he thinks. I love the movement. I don't know if he would even take the job to be honest with it. I don't think he needs it. But you look at a Tim Scott, I think Tim Scott is, you know, there's a whole lot to his message and I think he's, he's got the experience in the Senate, but honestly, you could literally take the Clint Eastwood chair and, and throw it in there as vice president. I'm going with that because this, this from top to bottom, we have to have seismic change in 24. Do you think he would ever choose Kristi Noem at this point with all that now? Yeah, no one knew Mike Pence was a, was a 24 hour story and then he was the vice president candidate. So who knows? I mean, a lot can happen between now and then, but I just, I don't need, you know, let's just pick people on their merit. Let's pick people that are ready to be the president. Imagine this, imagine picking a vice president that can lead the country. If something happens to a 75 year old president, you know, like Kamala Harris. Yeah. Someone like that.
The Breakdown
A highlight from Crypto 2023: Even Vitalik Is Getting Hacked
"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 Monday, September 11th, and today we are catching up on everything in the cryptosphere from last weekend, including the founder of Ethereum getting hacked. Before we dive 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, hope you had a great weekend. Like I said, today we are doing a grab bag, catching up on just a ton of news, and let's start with the weird one. On Saturday, Ethereum co -founder Vitalik Buterin's Twitter account was compromised. The attacker used the account to tweet about a time -limited NFT promotion. Users that followed the link that tried to mint the NFT instead had their wallet drained. Around 700 ,000 in crypto tokens and NFTs were stolen. Now, the attack followed a similar pattern to many SIM swap attacks which have plagued high -profile crypto figures recently. An attacker fraudulently obtains control over the target's phone number and then uses two -factor authentication to gain access to Twitter or other services. The attacker then posts a link to a poison transaction for victims to sign. According to Unchained Sleuth's ZackXBT, there have been more than 53 SIM swap attacks over the past four months which have led to the theft of over 13 .3 million in crypto assets. Now, at this stage, we don't know exactly how the attacker gained access to Vitalik's Twitter account. Some assumed that Vitalik would be using more complicated security design than simple phone number based 2FA. If so, this attack speaks to much more sophisticated attacks targeting crypto figures. What was particularly insidious about this attack was how believable the fake communication was. The attacker's fake message was promoting a Q &A on a forthcoming Ethereum feature known as proto -dank sharding. Numerous high -profile industry figures were taken in by the fake message and signed transactions with their wallets. The highest profile NFT that was drained was the very first crypto punk to be claimed, valued at around $250 ,000. To some, the attack demonstrates a clear change in targets for scammers. DC Investors said, Still, others pointed out that it could have been a lot worse. Coin Bureau tweeted, Putting it more simply, CL207 tweeted, While Mac's short ETH, dude would have made $100 million, not $1 million. Still to others, this was just an example of how difficult it is still for normal people in the cryptosphere. Harrison at PompPunk on Chain wrote, Next up, staying in and around the Ethereum ecosystem, consensus -owned blockchain infrastructure firm Infura have announced plans to release a decentralized version of their service by the end of this year. Infura provides a range of blockchain infrastructure but are most well known for their Ethereum RPC nodes. As much as 50 % of Ethereum transactions are routed through Infura infrastructure, making their centralization an ongoing risk. As regulatory efforts move from enforcement to compliance, it's anticipated that regulators will look for intermediaries within the crypto ecosystem to deputize. And to many, a centralized Infura would be a natural fit for compliance enforcement. Indeed, we've already seen multiple instances of Infura being used as a tool for compliance. Last November, the firm announced that some 20 million Metamask users would have their wallets and IP addresses tracked using Infura. Consensus pushed back on the controversy by noting that Metamask allowed users to opt out by switching to a different RPC provider. In March, consensus blocked IPs from certain regions in an effort to comply with sanctions requirements. Also, in March, consensus blocked IPs from certain regions in an effort to comply with sanctions requirements. Users from Venezuela and Iran were among those who complained they could no longer use Metamask through Infura. At the time, consensus were criticized for restricting access more broadly than the sanctions called for, including blocking some U .S. residents who had emigrated from sanctioned nations. Still, it appears that consensus and the Ethereum ecosystem at large have grown increasingly uncomfortable with the censorship risk of RPC nodes. And Infura have been working on this decentralization project for over a year now. Now, the project will be rolled out in a number of phases. Infura refers to the first stage as the quote federated phase, where trusted partners will be brought on to run redundant versions of key infrastructure. Tom Hay, decentralized infrastructure product lead at Infura, said in a statement, We're looking to launch something later this year, and that is going to be a federated phase. The federated phase will last at least six months and will provide the network with the insight on how to build a sustainable model before introducing further decentralization. Now, according to the team at ConsenSys, aside from censorship resistance, adding more diversity and redundancy in RPC infrastructure could also improve the robustness of Ethereum in general. ConsenSys head of strategy Simon Morris said, If you have different people setting up their infrastructure in different ways on different cloud providers using different node software, then you can start to build antifragility into the system. Next up on this breakdown, a regulatory roundup. On Friday, the SEC filed their response in the Ripple lawsuit, arguing that the case should be allowed to proceed to appeal. Ripple had previously objected to the appeal, stating that the regulator had not made a sufficient argument to ground an appeal. The SEC is filing hitback, stating that, quote, The defendants themselves say that the issues have industry -wide significance and are of special consequence. They claimed that this pivotal decision should be subjected to the scrutiny of an appellate court to ensure a clear precedent is made. The SEC is filing hitback, stating that, quote, The defendants themselves say that the issues have industry -wide significance and are of special consequence. End quote. They claimed that this pivotal decision should be subjected to the scrutiny of an appellate court to ensure a clear precedent is made. The SEC noted that one judge has already rejected the Ripple decision as a persuasive precedent, opening the door to contradictory rulings. The regulator further argued that halting the rest of the Ripple case to deal with the appeal immediately would, quote, preserve the resources of the court. They even went so far as to take a swipe at Ripple, claiming that the firm was deliberately dragging out court proceedings. Speaking of the SEC, Republican House Whip Tom Emmer has introduced an appropriations amendment to rein in the SEC's crypto enforcement agenda. In a tweet, Emmer wrote, "...Gary Gensler has abused his authority to grow the administrative state to the detriment of the American people. Congress must use all our tools, including the appropriations process, to restrict Chair Gensler from further weaponizing taxpayer dollars." The appropriations amendment would limit the SEC from utilizing funds to pursue digital asset enforcement until comprehensive rules and regulations are put in place. Now, of course, Emmer has long been critical of the SEC's approach to crypto regulation. In June, he supported fellow Congressman Warren Davidson's SEC Stabilization Act proposal which would limit the authority of the SEC chair by introducing a sixth commissioner to require bipartisan support for regulatory actions. Gensler is scheduled to appear at an oversight hearing before the Senate Banking Committee on Tuesday. The House Financial Services Committee, meanwhile, will hold their SEC oversight hearing on September 27th. So we should get a chance to hear more about whether there has been any shifts in the Gensler -SEC attitude since some of these court proceedings have gone through. Now, moving over to the Fed. In a speech given at a fintech event on Friday, Fed Vice Chairman of Supervision Michael Barr made a number of comments about CBDCs and stablecoins. When it comes to CBDCs, Barr emphasized that the Fed is still firmly in the quote basic research phase and is far from making any decisions. Barr said that quote, Investigation and research are very different from decision -making about next steps in terms of payment system development and we are a long way from that. By way of detail, he explained that the research is currently focused on system architecture and tokenization models. Barr continued to reinforce the idea that the Fed won't make any decision on CBDC issuance without quote, clear support from the executive branch and the authorizing legislation from Congress. On stablecoins, Barr said quote, I remain deeply concerned about stablecoin issuance without strong federal oversight. If non -federally regulated stablecoins were to become a widespread means of payment and store of value, they could pose significant risks to financial stability, monetary policy, and the U .S. payment system. It is important to get the legislative and regulatory framework right before significant risks emerge. Now, Barr has recently spearheaded the Fed's Novel Activities Supervision Program, which requires banks to obtain a written non -objection before they can interact with stablecoins. He claimed that the safeguard was in line with previous guidance issued by the Office of the Comptroller of the Currency. Barr argued that strong federal oversight of dollar -backed stablecoins was in the Fed's interest, arguing that the tokens quote, borrow the trust of the central bank. Now, of course, federal oversight of stablecoin issuers has become a line in the sand for establishment Democrats who sought to hold up the progress of stablecoin legislation back in July. Barr also reflected on the July launch of FedNow, which is the new instant gross settlement system operated by the Fed. He said that FedNow has been made available to depository institutions of all size, but quote, while current volumes on FedNow are small, I expect that participation will grow over time. Now, next up, one we talked about a bit in the weekly recap, but giving the details just for completeness. On Thursday, the CFTC announced enforcement actions against three D5 firms — Open, 0x, and Derridex — all settled lawsuits for offering unregistered derivatives products to U .S. customers. The fines were relatively small — $250 ,000, $200 ,000, and $100 ,000, respectively — but the message was clear. CFTC Director of Enforcement Ian McGinley said in a statement, Somewhere along the way, DeFi operators got the idea that unlawful transactions become lawful when facilitated by smart contracts. They do not. The DeFi space may be novel, complex and evolving, but the division of enforcement will continue to evolve with it and aggressively pursue those who operate unregistered platforms that allow U .S. persons to trade digital asset derivatives. Now, while both Open and Derridex were offering derivatives trading, the situation around 0x was a little more complex. 0x is an Open DEX platform which allows anyone to list tokens. They attracted the attention of the CFTC by simply having derivative tokens with embedded leverage listed. The CFTC claimed that simply retaining the ability to draw fees from the trading, though not actually profiting from the platform and having access to shut down the platform, was sufficient to be held liable for how other developers use the platform. Now, one CFTC commissioner offered a scathing dissent to the enforcement action. Commissioner Summer Mersinger wrote, Although each case presents different facts, they have been lumped together for commission consideration and vote, presumably for messaging purposes, as quote -unquote DeFi cases. She added that, I am concerned that the Commission in these cases is taking another step down the path of bringing enforcement actions when we should be engaging with the public. It is important to emphasize that Enforcement First has not always been the CFTC's default position. These cases are especially concerning in that they represent a significant shift in position on the merits of engagement with DeFi market participants. Finally today, over in the UK, the United Kingdom Financial Conduct Authority have pushed back the commencement date of some elements of strict new crypto advertising rules. The core rules will come into force on October 8th. They require advertisements to be clear, fair, and not misleading. In addition, risk warnings will now be mandatory in incentivizing platform use with both monetary and non -monetary rewards is prohibited. Other parts of the regulations could be pushed back to as late as January according to the FCA. Individual firms would need to apply for additional time on a case -by -case basis. The regulator explained that firms are running up against technical issues implementing some parts of the new rules. In particular, a 24 -hour cooling -off period which would allow customers to ask for full refunds is proving difficult to comply with. It would require programming changes to platforms at a minimum, if not an overhaul to business models. Lucy Casseldine, Director of Consumer Investment at the FCA said, As a proportionate regulator, we're giving firms that apply a little bit more time to get other reforms requiring technology and business change right. We'll maintain our close eye on firms during this extended implementation period. Now, the FCA's strict new rules have been criticized for their broad scope and draconian punishments. Foreign firms that advertise to UK customers would be covered by the regulations, which capture social media posts, websites, and in -app advertising. Influencers would be held liable for their promotion of crypto products, and the failure to adhere to the new regulations could result in criminal charges. The maximum punishment for breaches includes an unlimited fine or even jail time. The FCA has said that the strict rules are designed to Prevent harm to consumers from investing in crypto assets that do not match their risk appetite. The regulator added that It is up to consumers to decide whether they buy crypto assets, but they should do so based on fair and accurate information that helps them make effective investment decisions. So friends, this is the other side of the prepping for the next bull run. It is going to be a much tighter environment, certainly for any types of promotions. Although whether that will end scams given where we started this episode, I think that remains to be seen. However, that is going to do it for today's episode. I appreciate you guys listening as always. Until tomorrow, be safe and take care of each other.
The Financial Guys
A highlight from Migrant Placement in Western New York Hotels
"My favorite is when the climate people and the Save the Earth folks leave their protest and they leave it filthy, like the litter's everywhere, right? They showed up, the park was clean, you protested, Save the Earth, you know, stop drilling for oil and then when we left, there's garbage everywhere. Nice work, right? Idiots. Alright, welcome everybody to the Financial Guys Podcast. Glenn Wiggle, Mike Lomas, thanks for downloading and listening. We do certainly appreciate it. We have kind of a brief show for you today. We're going to pound out a quick 30 -35 minutes. Mike and I were both on the Morning Mike show this morning, which is a lot of fun. So we've gotten a good 15 -20 minute head start and we're rip run ready to go. We're going to bounce around a little bit, of course. We've got a bunch of topics. I've got to start with this one, Mike. This is top of mind for local Western New York, of course, as they continue to shift migrants from one hotel to another. You brought up a great point in the Morning Mike's podcast this morning when we were live and you mentioned that they're not putting any of these migrants, interestingly enough, in inner city hotels. No. It seems like they'd have the space, but yet they don't seem to want to put these migrants in a downtown hotel. If you remember correctly, I believe this is the Democrats' version of equity. You folks in Amherst are living way too well. Your houses are too nice, your crime rate is too low, your schools are too good, they're too successful, your grades are too high, your graduation rates are way too high. That can't be. And so what they tried to do initially was they wanted to pass Section 8 housing they were going to put in every single community. Still trying. Still trying. If you don't like that... What is that? Is that me? Sorry. If you don't like that... That is good theme music for you, though. It is perfect, yeah. But if you don't like the Section 8 housing in your community and you're going to try to shoot that down, which many communities did, well, now what is going to bring in these migrants and these asylum seekers, right? Look, here's the deal. Some people, I get it, like Venezuelans, we stopped helping them in their own country because apparently now we believe socialism is good, but yet these people are starving, they do need help. But this is a headline that I wanted to read to you, Mike. This is crazy. These countries need to help themselves, right? When you look at Venezuela as an example, which was one of the most prosperous areas in the world. They've got all the natural resources. It was all about free market capitalism and that allowed them to be able to have a very clean Venezuela, a very prosperous Venezuela, and what happened? Well, they wanted big government, they wanted social programs, and within 10 years all the jobs went away, all the social programs are now shit because they can't afford them. Oh, and guess what? It's filthier than it's ever been. And they destroyed other industries. They destroyed their industry. Everything these left -wing radicals touched turns to crap. That's right. Venezuela... That's right. Venezuela was the richest country in South America. There's no question. They were the wealthiest country. They had the second largest known oil reserves in the world and the government took over the oil reserves and destroyed every industry they touched, from oil to healthcare to then they moved on to banking. A million percent inflation. Crazy. But here's a headline I wanted to read to you. And not a headline. This is from WIVB and this is a quote from our illustrious Amherst town supervisor, Brian Kolpa. Just as UB students come and go throughout the year, just as hundreds, if not thousands of people come in and out of Amherst on a regular basis, whose name we don't know, who pass through this town, this is no different. This is a response to a contentious town hall meeting that they had last night in Amherst where a lot of residents came out and said... Those are legal people that roam in and out, not illegal people that roam in and out. You're making a comparison. Let's be honest here. You're making a comparison with an 18 -year -old college kid coming in to go to college. Whose parents? You're going to compare that with somebody that you just plucked out of a refugee camp in Somalia. Could be an MS -13 gang member. Seriously. You're going to compare that to somebody who we have no idea if he murdered his last girlfriend. We're just hearing that in headlines lately. We have a fugitive running loose. A 17 -year -old girl whose parents are very well educated and are now paying $20 ,000 a year to have that student there. Compared to the El Salvadorian gang member, an MS -13. Good comparison, Brian. That's reasonable. We let 50 of them into Erie County. We had two rapes. We had multiple felonies. So you're looking at least a 2 to 3 to 4 percent conversion rate. We know at least 4 to 5 percent of these folks have caused major crimes. Brian, those are not the stats.
Simply Bitcoin
A highlight from BREAKING: 50% of Turkey Uses Bitcoin?! | EP 817
"It's all going to zero against Bitcoin It's going up forever, Warren Bitcoin! You're against Bitcoin, you're against freedom Yo, welcome to Simply Bitcoin Live, we're your number one source for the peaceful Bitcoin revolution. We cover breaking news, culture, and medical warfare. We will be your guide through the separation of money and state. Speaking of that, it's another day, another day to cover that specific topic. There was a report that came out that said that over 50%, specifically 52 % of Turks have exposure to Bitcoin and altcoins. Obviously, I mean, that does not come as a surprise to me. Is that report 100 % accurate? We'll kind of dive into all of that. But it's a continuation of the trend, right? We've seen something very similar happen in Argentina. We've seen something very, very similar happen in Nigeria and Nigeria. The last time I saw a report, it was between 25 to 35 % of Nigerians are under a certain age had exposure to Bitcoin and altcoins specifically. It's stablecoins mostly because they provide this like false sense of financial sovereignty and also this false sense of stability, right? It's like that's like one of the talking points from central banks, right? They say that they're like Bitcoin is too volatile, right? It's one of the main talking points, but Bitcoin goes up into the right. It might be volatile in the short term, but it goes up into the right. Like fiat currencies are literally designed to go down into the right forever. Some of them, you know, go down in an ever slowing pace. But the thing is, and this is why I believe, this is why I've said actually in the past and I've tweeted this, why I'm so bullish on the global south and developing countries adopting Bitcoin is because people have already lost faith in their fiat currencies, right? Look, if you're in the country that is currently enduring 20 % inflation, well, that's the reported number, right? In the US, you know, they say it's 5%. If you include housing, energy and all, that's true, like 10, 15%, whatever, say 5%. But it's low enough for people not to ask the question of what is money versus if you're in Nigeria, if you're in Venezuela, if you're in Argentina, if you're in Turkey, we're going to talk about Turkey today, if you're dealing with more than 20 % inflation, Bitcoin isn't just a option anymore, it's a better alternative, right? You start to you start to seek it out of necessity rather than ideology or for speculative reasons like we seek it in the developed world. So I think it's a continuation of the trend. This is the separation of money and say you're witnessing it firsthand and people are going to continue to wake up to the fact that a non -state money is just better than the money they offer. Now, what I'm worried about, and this is something that Opti and I focus our time, Rust and Dell, all of us at Simply Bitcoin and also a lot of the other Bitcoin companies as well at Swan also. How do you wake up the people that live in the developed world where the bread and circuses are strong? How do you wake them up to the fact that, hey, you know, a lot of these economic hardships that you're enduring aren't necessarily caused by the opposing political party. They're caused by broken money, right? And you have broken money, the base layer of society is broken and that starts to affect a lot of other things. And people don't even have people don't even understand how much that affects everything else. You have broken money, you have a broken world, in my opinion, and I think that's what fiat is. So it's very bullish news from Turkey. I suspect this trend will continue. Fifty two percent, if you are to believe this latest report.
The Breakdown
A highlight from The Continued Fallout of the Tornado Cash Arrests
"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 Saturday, August 26th, and that means it's time for the weekly recap. 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. Well, friends, welcome back to the weekend. We have a lot of follow ups today. For a summer week, there was kind of a lot going on. And so let's dive in with a follow up to the most dramatic news of the week, which was certainly the indictment of Roman Storm and Roman Semenov in relation to their operation of the tornado cash protocol. You will remember that the pair are charged with conspiracy to commit money laundering, conspiracy to commit sanctions violations and conspiracy to operate an unlicensed money transmitting business. Storm has been arrested and has already been granted bail. Semenov remains at large, but was added to the sanctions list personally. Now, the arrest caused an outcry across the crypto industry, with many appalled at the apparent attack on privacy, open source development and crypto infrastructure more broadly. Others, however, pointed out, and this was especially after the initial takes had cooled, that contrary to the popular industry take, the pair seemed to have not just been charged for merely writing code, but rather for willfully aiding money laundering by North Korean hackers, the Lazarus Group. Cryptocritic Row Rider tweeted, Now, of course, that claim and that assertion will be subject to much test in courtrooms in the future to come. The indictment has definitely raised serious questions about the government's approach to dealing with cybercrime. Some, for example, are suggesting that this represents a chapter in an ongoing fight against digital privacy. Rohan Gray, assistant law professor at Willamette, who is no fan usually of cryptocurrencies, said, I generally strongly agree with the claim that profiteering off these platforms makes the moral high ground much harder to maintain. But one, governments are considering criminalizing end to end encryption and other privacy tools, and two, PGP Zimmerman prosecution happened, so not sure fully convinced. Another topic of conversation is that some are pointing out that despite over four years of sanctions against North Korea, and even longer against other nations, little appears, at least from the outside, to change. DeFi Pulse co -founder Scott Lewis said, Now, at the very least, this case should see some of these issues robustly defended in court. Roman Storm has retained premier crypto criminal defense lawyer Brian Klein. Klein defended Virgil Griffith when he was accused of violating sanctions by traveling to North Korea to deliver a conference presentation about using crypto to evade sanctions. He has also represented Eric Voorhees, Kraken, and Block One in their dealings with the SEC. Attorney Collins Belton writes, Now, in an ironic demonstration of how impotent the approach of going after developers rather than hackers is, shortly after the arrest of Roman Storm, the FBI warned that Lazarus Group was attempting to cash out. On Tuesday, the FBI put out a warning to crypto firms that the Lazarus Group had moved $40 million worth of Bitcoin and were likely seeking to sell. The agency released a list of newly funded wallets which had aggregated funds, behavior that typically occurs as a prelude to those funds being deposited on an exchange. The Bitcoin was traced from the recent $60 million Al Halpo hack and the $37 million Coin Spade exploit. Crypto security expert Taylor Monahan was furious about the whole thing. In one instance, she tweeted, More crisply, she wrote, D .P .R .K. moved another $40 million literally as the U .S. arrested its own builders and circle jerked around how much they've checked notes impacted D .P .R .K.'s ability to move money. Moving on to our next update for an industry beleaguered by exchange folly, all eyes have been on and continued to be on Binance, and it appears that payment firms continue to turn away from them. On Thursday, Reuters reported that MasterCard is planning to sever ties with Binance and halt crypto card services in Argentina, Brazil, Colombia, and Bahrain. The shutdown will affect Binance linked MasterCards, which allow users to spend their crypto. MasterCard will close the service on September 22nd, and the firm said that other crypto linked cards will not be affected. One bright spot this week for Binance was the announcement that MoonPay would offer Binance U .S. a solution to its lack of payment rails. The firm will allow customers to purchase Tether using debit cards, credit cards, Apple Pay or Google Pay, and then convert it into crypto using the exchange. Users will also be able to off ramp into U .S. bank accounts. Binance U .S. was, of course, forced to suspend dollar deposits after losing banking partnerships in June, going crypto only since then. The big question will be whether there are any customers left. Binance U .S. is currently recording just 10 million in daily volume, according to CoinGecko. By way of comparison, Coinbase has around 1 .15 billion in daily volume, and Kraken records about 500 million. Now, both of those firms operate internationally, so have some additional volume from offshore, but the difference is still clearly several orders of magnitude. Another Binance story that people are trying to make heads or tails of is that leaked communications from Binance show that staff have been contacting crypto projects with low liquidity over the past week. The exchange has asked for details of market making arrangements. Binance further asked if projects would be willing to place between 1 and 5 percent of their circulating supply in savings accounts on the exchange, which are subject to being lent out to traders. The rationale is that additional supply ready to be borrowed could allow traders to boost liquidity. If projects did not want to disclose their market making relationship or contribute tokens, Binance asked for an explanation why. A Binance spokesperson said that this outreach was part of a, quote, ongoing risk management initiative and claimed that this communication only reached a small number of firms with low liquidity, which could expose users to risks, including, they said, potential market manipulation. The spokesperson said, quote, The main purpose of our risk management outreach is to encourage project teams to take the recommended steps required to enhance their liquidity protection. Engaging market maker support is one way to enhance such protection. Now, for all of the speculation that there are nefarious explanations for this or that it represents Binance running out of coins, Matt Batsenelos, the founder of Glass Market, seemed to think it was perfectly normal. He said, We see this as a net positive for exchanges to be monitoring market makers to ensure they're providing liquidity. Speaking of exchanges and liquidity, the FTX bankruptcy team has tapped Galaxy Digital to assist with asset management as the firm begins to look at liquidations of their crypto holdings. FTX wants to begin selling, staking and hedging its crypto holdings, which make up over three billion dollars of the estate's assets. The plan at this stage is to return funds to customers in fiat rather than in Bitcoin or ETH, so hopes that some careful trading can help maximize value for creditors. In a court filing made on Wednesday, FTX outlined their plan. The filing explained that, quote, hedging Bitcoin and Ether will allow the debtors FTX to limit potential downside risk prior to the sale of such Bitcoin or Ether. Staking certain digital assets will inure to the benefit of the estates and ultimately creditors by generating low risk returns on otherwise idle digital assets, end quote. The firm signaled that the SEC approved investment advisor, which forms part of the Galaxy Digital Group, as an appropriate partner in this endeavor, stating that, quote, Galaxy Asset Management has extensive experience in areas relevant to digital asset management and trading, including with respect to the types of transactions and investment objectives contemplated. The filing also disclosed that FTX is concerned that selling all of their crypto holdings in one go would impact markets dramatically. They proposed placing selling decisions with expert market participants to figure out how to mitigate that risk through weekly sale limits or other trading strategies. Galaxy Digital had also previously disclosed that it had tens of millions tied up in FTX when it collapsed, raising questions of conflict of interest, which were addressed in the filing. The request is currently before the bankruptcy court, which will need to approve the decision before the plan can move forward. The hearing is scheduled for September 13th, and under the proposed plan, FTX will give creditors 10 days notice before the dumping begins. Summing up the feeling of just about everyone was Hal Press at Northrock LP, just what we needed weekly sales of half a billion aggregate amount of majors. Still, the best tweet award goes to CMS Holdings, who wrote, Do we think Novo gets a sleeve of the FTX bankruptcy legal team's logos? But with that, let's shift over to more positive, forward looking stories. Bitfinex have announced the successful API integration with Vakif Bank, one of the largest banks in Turkey. This will allow Turkish customers to deposit Lira into exchange accounts for free directly from their bank accounts. Now, hold aside whatever feelings you might have about Bitfinex or Tether or anything associated with them. Coming from the perspective of Turkish citizens, this is a positive development. This week, the Central Bank of Turkey surprised analysts by raising its main policy interest rate from 17 .5 % to 25 % in a bid to tackle rampant inflation. Economists polled by Reuters had expected a smaller hike to 20%. The central bank recently revised its annual forecast from 22 .3 % to 58 % inflation for this year, with official statistics for July showing inflation at 47 .8 % on an annualized basis, meaning these rates are still massively negative. The Lira saw peak official inflation over 80 % last year after President Erdogan fired three consecutive central bank governors between 2019 and 2021 as inflation shifted up above 15%. Perhaps unsurprisingly, then, after years of monetary dysfunction, Turkey has become a major market for crypto adoption. Indeed, internal Binance documents leaked earlier this month showed that Turkey was the third largest market for the exchange behind China and South Korea. Bitfinex has been pushing hard into regions undergoing currency distress lately, last month, for example, launching a peer -to -peer platform for users in Argentina, Colombia, and Venezuela. Another company in the news this week having changed the arrangement around USDC is, of course, Circle. Circle have announced support for USDC across six additional blockchains. USDC will now be available on Polygon, Base, Polkadot, NEAR, Optimism, and Cosmos via the Noble Network. This expansion of availability was hinted at earlier in the week during the announcement that Coinbase would be taking an equity stake in Circle. As part of the announcement, the company said they would be winding down the Center Consortium, which was a self -regulatory body which governed USDC, and that Circle will now act as the sole governance organization for USDC. These new additions bring the number of blockchains using USDC up to 15. Now, some viewed the week's moves as an attempt to shore up USDC, which has been rapidly losing market share to USDT over the past five months. USDC's circulating supply has dropped by 40 % since the banking crisis in March, which temporarily threatened a small portion of Circle's reserves. That said, the stablecoin is still firmly the second most popular stablecoin in the industry with a current supply of $25 .8 billion. Aviva Litan, a senior blockchain analyst with Gardener, questioned whether adding networks would stem the bleeding for USDC, stating that, The bottom line is money is flowing out of the chains, and support for more chains won't make it flow in. However, one integration that was also announced this week could potentially see some moves in that area. On Wednesday, Solana Labs announced that they would be integrating their Solana Pay Network into e -commerce giant Shopify. This will allow online shoppers to check out using USDC. Josh Fried, head of commerce business development at the Solana Foundation, said, When thinking about this integration, we chose a stablecoin because merchants and consumers think in dollars. It creates a much simpler entry point when pricing is in a currency consumers and merchants naturally understand. Jeremy Allaire, the CEO of Circle, tweeted, Maybe there's something to stablecoin payments after all. Companies whose core business is extracting 3 to 4 % on merchant fees will face a reckoning in the decade to come. Maybe merchant processing fees will settle in at something closer to 20 to 30 basis points, built around tech fees. Looking globally, HashKey will begin offering crypto trading to retail customers in Hong Kong from Monday. The firm was the first crypto exchange to obtain a license to service individual traders under the newly introduced regulatory regime. Initially, only Bitcoin and Ethereum markets will be offered, and retail customers will be limited to investing up to 30 % of their net worth. That restriction, obviously, is a new part of regulations that could prove extremely difficult to enforce. HashKey's CEO, Livio Wang, said of the limited offering, We thought it'd be better to be more prudent. In a bearish market environment, there could be higher risks trading the so -called altcoins, so we hope to offer tokens that come with relatively lower risks at first. The exchange will support deposits in Hong Kong dollars and US dollars. Wang also said that customers from mainland China will be strictly prohibited using IP bans. Lastly, closing on a shifting of tone, Dan Morhead is done with crypto winter. The Pantera Capital founder published a letter on Tuesday which noted just how long crypto markets have spent in the red. The period from August last year until this June was the longest period of negative year -over -year returns for Bitcoin, clocking in at a brutal 15 months. Prior to that, the longest period of negative returns was in 2015 at just under a year. The negativity can't last, according to Morhead, who wrote, Our view is that we've seen enough. There's just so long markets can be down. We believe the combination of recent positive events, the XRP ruling and endorsements by BlackRock at all, in addition to the Bitcoin halving expected to occur in April 2024, provide a strong setup for the next bull market in digital assets. And I will say, friends, on this late summer weekend, if that's just hopium, hand me the pipe. Until next time, be safe and take care of each other.
Mike Gallagher Podcast
A highlight from All GOP Presidential Candidates Should Suspend Their Campaigns And Support Trump
"Turbulent times call for clear -headed insight that's hard to come by these days, especially on TV. That's where we come in. Salem News Channel has the greatest collection of conservative minds all in one place. People you know and trust, like Dennis Prager, Eric Metaxas, Charlie Kirk, and more. Unfiltered, unapologetic truth. Find what you're searching for at snc .tv and on Local Now Channel 525. This is your source for breaking news and what to make of it all. This is The Mike Gallagher Show. Even when everything you say makes sense except it's all bullshit. It's all non -stop. We know this is designed to banish and isolate and to destroy a political outsider. That's the funny thing about this Democrat party. It does hate America. It's hated America since its founding. Voters decide who our presidents are. Not district attorneys, not big donors, not anchors, not pundits, not lawyers. Voters decide. Now from the relieffactor .com studios, here's Mike Gallagher. The voters get to decide. And the voters are going to decide. I'm convinced of that. If not, my country is gone. Welcome aboard. It's Wednesday. I was reading this morning about the Fulton County Sheriff's Department and how the sheriff says, oh, they're all going to get booked and processed. Trump and the 18 other indicted co -conspiracers. There's going to be this three -ring circus next week, a week from Friday, where President Trump and Rudy Giuliani and Sidney Powell and all the rest of them are going to get booked and processed like common criminals at the Fulton County Jail. There's one goal there. You know what it is. It's to embarrass. It's to intimidate. It is to attack a guy that more than half the country loves. And every attempt to embarrass him is going to result in his popularity increasing. Every effort to embarrass him is going to result in greater popularity for President Trump. I had a No Interruptions podcast that dropped this morning. Wherever you get your podcasts, I hope you subscribe to The Mike Gallagher Show No Interruptions podcast. It's really special because we present two points of view without any interrupting. You know, there's a lot of interrupting with Mark Davis this morning. You'll hear it today, the Eminem experience. Mark and I disagreed mightily about my belief that if Ron DeSantis and all the other Republican candidates would simply throw their support behind Trump right now, drastic times call for drastic measures. Jack Smith and Fannie Willis and all the rest of them, Biden's Justice Department, Merrick Garland, they want to destroy your ability to elect the next president of the United States. They're what an amazing, inspirational move it would be if Governor DeSantis said, you know what, I'll try again in twenty twenty eight. But right now I'm all in for Trump. I can't believe they've weaponized the Justice Department this way. It cannot stand. It will not stand. I'm in for Trump. And first of all, DeSantis becomes the single most popular politician in the history of America. His twenty twenty eight landslide would be guaranteed. Second of all, Trump's election in twenty twenty four would almost certainly be guaranteed. These Republicans could unify and have the opportunity to turn this whole thing around just like that. Now, it's not going to happen. I'm sure I'm delusional, perhaps. But man, oh, man, what a game changer that would be. And Mark Davis, boy, he went off on me. He just thinks I'm crazy, delusional. I don't want to let voters vote. I'm Hugo Chavez. I'm Venezuela. He kept arguing with me today that I'm trying to take away the right to vote. I said, Mark, that's precisely what Biden's Justice Department is trying to do. Don't you get it? And for Mark and people who feel the way Mark feels, it's just business as usual. Let's let it all play out. Let's have the primaries. Let's have the debates. Oh, next week. OK, let's get our popcorn out. There'll be a lot of drama, but that's OK. It'll all sort itself out. It's not going to sort itself out. People are going to have to stand up and and do things they would have never considered doing before. And I believe that would include Republicans unifying behind Trump. It could be a pipe dream, but then again, hey, it's 2023. Anything is possible. So back to this no interruptions podcast, a back and forth. This week's no interruptions podcast was between Caroline Wren, who's the former finance adviser for Trump, his Trump Victory Finance Committee. She's also been working with Carrie Lake and David Carlucci, who's a Democrat strategist and a former Democrat New York state senator. And we debated election integrity. Caroline said something and there's no interruptions. First of all, make sure you check out this podcast. Again, subscribe to The Mike Gallagher Show, no interruptions podcast wherever you get your podcast. You're going to want to hear this one. Again, no back and forth, no crosstalk, no interference. You get to hear both points of you uninterrupted. But Caroline explain why there is so much doubt about the integrity of the 2020 election. And so I wanted to lift that cut. I want to play that clip for you from yesterday's pot for this week's podcast. I want you to hear why millions of us are cynical about the outcome of the 2020 election. I don't think I've ever heard anybody in just a minute and seconds 54 so perfectly summarize the problems of the 2020 election and why we have so much doubt. I want to play that for you coming up here in the Relief Factor Studios. I also want to invite you to join us, 800 -655 -MIKE. We've also been taking a poll, The Birch Gold Survey at MikeOnline .com. Make sure you answer the question there, the poll question, every day brought to you by Birch Gold. All you got to do is text the keyword Mike to 98 -98 -98 and we'll send you a free info kit on owning gold, silver, precious metals. It's 13 past the hour. Welcome aboard. Our number is 800 -655 -MIKE. And if you want to beat me up a little bit like Mark Davis did this morning, that I'm crazy and delusional over whether or not it would be a good thing for all the Republican candidates to endorse Trump now. You think that's nuts? We'll see. And wait till you hear what Caroline Wren says about election integrity, 2020 style. 800 -655 -6453. We have a line open and ready just for you. Unveil evil in nefarious, the modern screw tape letters. Praise by Pastor Jack Hibbs, Jim Caviezel and Dinesh D 'Souza. Rented today on SalemNow .com.
Unchained
A highlight from Anita Posch on Why Bitcoin Is a Tool for Freedom Especially in Africa - Ep. 531
"Bitcoin can be one of the solutions for people who are disempowered, who are outlawed, the misfits, you know, basically Bitcoin is for them. Hi, everyone, welcome to Unchained, your no -hype resource for all things crypto. I'm your host, Laura Shin, author of The Cryptopians. I started covering crypto eight years ago, and as a senior editor at Forbes, was the first mainstream media reporter to cover cryptocurrency full time. This is the August 15th, 2023 episode of Unchained. At Token 2049 Singapore on September 13th to 14th, Balaji Sreenivasan, Tyler and Cameron Winklevoss, Arthur Hayes and 200 others will hit the stage, joining over 10 ,000 attendees. Visit token2049 .com for 65 % off regular ticket prices with the code unchained. Link in the description. Arbitrum's leading layer two scaling solutions can provide you with lightning fast transactions at a fraction of the cost, all while ensuring security rooted on Ethereum. Arbitrum's newest addition, Orbit, enables you to build your own tailor made layer three. Visit arbitrum .io today. Buy, trade and spend crypto on the crypto .com app. New users can enjoy zero credit card fees on crypto purchases in the first seven days. Download the crypto .com app and get $25 with the code Laura. Link in the description. If you've been enjoying Unchained and find the discussions here fascinating, mind blowing or as crypto tends to be downright bonkers, please share this episode with a friend to keep the conversation going. Today's guest is Anita Pausch, Bitcoin educator, founder of Bitcoin for Fairness and author of Learn Bitcoin. Welcome, Anita. Hi, Laura. Thank you very much for the invitation. I'm honored to be here. I'm excited to have you. You work on so many different things related to Bitcoin. Why don't you just give us an overview of your work? I guess it's almost too much sometimes for my personal life. So, yeah, my main focus is on Bitcoin education, and I founded a nonprofit initiative called Bitcoin for Fairness, which brings knowledge or shares knowledge with people on the ground in the global south. And the last year I spent around eight months in southern African countries to support local initiatives with building Bitcoin communities, meetups, and of course, to share knowledge there and build knowledge on the ground. And two years ago, I published a book called Learn Bitcoin, which is a book for beginners, which basically speeds you up from zero to a self custody Bitcoin holder. So a real Bitcoin holder. And yeah, and besides that, I'm part of the C4 cryptocurrency certification consortium, Bitcoin Professional Committee. So I also help there to establish standards of education and knowledge of Bitcoin for people in the professional space. And at the moment, I'm just building a online learning program. Maybe we can talk about that later. So I do a lot of things. And also I'm testing wallets, for instance, in rural areas in Zimbabwe and see if they are working or not. And yeah, so I try to contribute my part to the Bitcoin adoption and Bitcoin education. And yeah, that's what I actually spend every day on almost. And how did you get into Bitcoin? That was early 2017. And I was working in web development and web platform development and online products for about 20 years, online marketing and build little businesses. I was an entrepreneur and I always had the feeling or I was looking for something that I'm really, really, really interested in. I mean, internet marketing, et cetera. I liked it. I loved it. But then after 20 years, it felt boring. And I also, we built online platforms for designers, for people who have small businesses. So we had something like Etsy in Austria when Etsy wasn't even in Austria. And when we built that tool, I realized how difficult it was back then to let people pay over the internet in your shop. And we had to pay upfront like 3 ,000 euros or something just to get the possibility to do that. So I learned how complicated that is and how much permissions you need, basically, and how much friction is in that system and how expensive it is. And so in 2016, I thought to myself, oh, I want to do something else and something that really makes more sense for the world than just sell stuff. And then I stumbled upon Bitcoin and I was drawn to it because very early, I think I understood because I had a great teacher in Andreas Antonopoulos, for instance, that Bitcoin is a tool for freedom. And it gives people like me, for instance, I'm a lesbian. I was born in Austria, 53 years ago already. And the first 30 years of my life, I didn't have the same rights as all the other people. And also my grandparents came from Bohemia, you know, they passed borders, they became Austrians. We had hyperinflation a hundred years ago in Austria too. And also they told me a lot about the Nazis in Austria and how life was for them and how shocking the change was suddenly when the Nazis came to Austria. And all these kinds of things, I think, came together. My life story, what I experienced so far, and that Bitcoin can be one of the solutions for people who are disempowered, who are outlawed, the misfits. You know, basically Bitcoin is for them because no one can take it away from you. It gives you the freedom to interact without anyone that can hinder you. And that's what I saw. And that's what I thought is a life -changing tool. Basically, we didn't have that in hundreds of thousands of years, an invention like that. And so I was greatly drawn to that. And that's, I think, where I take my energy from, from that discrimination that I felt here. And I think that for many, many, many people in other countries, life is much worse than for me. And so I think even more for them is a tool for liberation. And that's why I work so hard. And how did you, like, when you first got into Bitcoin, like you said, you had been doing web development. And so how did you go from that to Bitcoin education? Because I think your initiative in Africa, I think it only started in, I don't know, 2021 or 2022. Yeah. I think you just started it when I met you in 2022. That was Bitcoin for fairness. I just started that half a year before. Okay, so from 2017 on, I had to learn myself. That was the first thing. So I still did the marketing stuff and the web design stuff. And at the same time, I taught myself and I learned a lot about Bitcoin. I did the University of Nicosia online curriculum and course to learn more. And I very early started to write my first book, my first learn Bitcoin book, because I thought you can learn the most. If you have to understand everything to write it down for other people to learn it. And also I had a lot of good feedback. I asked people who were much more knowledgeable about it back then as I was and they helped me. And then one of the first things I also did was I translated Andreas Antonopoulos' The Internet of Money to German and learned a lot with that, of course. And I very early in 2018, end of 2018 or something like that, I did my first Bitcoin seminars in Austria and then also an online course in German. And then I took on the podcast because that was actually the first bigger thing where I think people in the English speaking world got to know me. So I did like 160 interviews with all sorts of people from the Bitcoin space, Adam Beck, Andreas Antonopoulos, James Loeb, yeah, on and on to learn myself. The Anita Pausch show, which you apparently have suspended or paused or something. It's paused because I was in Africa and in Zimbabwe, I didn't have internet. I could not record something like this. It's just it's not possible. So I stopped doing it, but I want to start again. And so and in 2020, let me go back a little bit. Like I said, in 2017, 2018, everyone was talking about how Bitcoin can be a tool against hyperinflation, a hedge against inflation, for instance, in Venezuela or in Zimbabwe. And I always was like, aha, that's interesting. And I have a friend who is living in Zimbabwe. And then I thought, OK, so if I think that Bitcoin is a tool of liberation for people in these countries, for people who are living under authoritarian leaders and against inflation. Then I have to go there and see if anyone is really using it because the Bitcoiners are talking about it. So I focused also in my podcast on the global south and on Argentina, Venezuela, I had guests from these countries. And then in early 2020, before the pandemic started, I visited my friend for four weeks in Zimbabwe to understand the problems there in real life, because, you know, we're always talking about it. And it's like, if you're not there and if you don't really see it, if you don't feel it, if you don't have to calculate each day the price of goods again and the next day, it's different than the day before. If you don't feel that yourself, I think you can't really understand the problems of the people. And that was the first time I went there. I also went to Botswana to meet with Alakani Etireleng, who founded the Satoshi Center in Botswana, I think, as early as in 2015 or maybe even earlier. So she's a real pioneer also. And then I went back to Austria because I still had my place here, my apartment and everything. But I knew that I want to go into that direction. And after the travel bans were lifted, I started traveling again to El Salvador when the Bitcoin was introduced there. And then I realized, podcasting is all good and fine, but where is the real education happening? I mean, podcasts are great for education, but there are so many now. I think it's even also difficult to get to have an audience there. And when I saw in Zimbabwe that there is some sort of adoption, yes, some people are knowledgeable about Bitcoin and are using it, but the vast amount of people is not. And there are so many scams down there. Everyone knows Bitcoin. Really, you can ask anyone, they know it, but everyone will ask you, but is it not a scam? Because everyone has been scammed or at least knows someone. And when I was there the last time I was living in a house and the maid, there are still people who have maids there, came to me because she saw a Bitcoin flyer on my desk and she said to me, can you tell me what is this Bitcoin? You are doing something with it. And I said, yeah, I mean, imagine it's like cash, only digital and your government can take it away from you. And she said, uh -huh, uh -huh. And I said, why are you asking? And she said, I'm in a WhatsApp group. And suddenly someone sent me a message saying to me, give me $50 now and in three weeks you get $100. And she said, yeah. And she said, that can't be right, can it? And I said, no. Yeah. So people are bombarded with emails, with messages like that. And I have seen so many people who've lost money and that's really sickening. And I think that's also why I try to get more and more and more education on the ground there so that people can share the knowledge with their own peers and things like that. And so is your sense that the efforts that you are making are, I mean, you know, obviously I'm sure what you're doing is true Bitcoin education in the sense that you're educating people about this technology and like understanding what this is. But is your sense that a lot of the activity in those places is, yeah, more of like using it to perpetrate scams? I mean, yeah, that can be. I mean, but I can't estimate that. I mean, using the name Bitcoin to do scams, of course, yes, they are all using that name. But it's not Bitcoin what they sell, of course. I definitely also a big amount of like exchanging dollars into Bitcoin because people who have dollars and know Bitcoin know that Bitcoin is a hedge against inflation of their own Zimbabwean dollar and also the US dollar also has inflation. But I also saw that a lot of people want to get hold of Bitcoin as a sort of a small investment for themselves. And of course, the rate of usage as a means to be able to send money in and out of the country is going up as well because Zimbabwe, for instance, is a country where you have very strict financial exchange controls. And also, you can't easily send money in and out of the country. I mean, first, no one wants the Zimbabwe dollar. I mean, I wouldn't want it, you know. The US dollar is mostly in banknotes. They only have banknotes. So, I mean, that's the next thing. You only have one dollar notes. And when you go into a shop and something is like 30 US dollar cents, you don't get 70 cents back. You get a small goodie or something. Yeah, so they are using like in the war times in Austria when people use cigarettes as money. You don't get any cash back. So I know people in Zimbabwe, for instance, who have freelancers in other African countries, and it's not easy to send money in and out of the country. And they told me, you know, when I send my freelancer in, I say, Malawi, three or four times money via mobile money or other providers, the government comes and asks me what I'm doing with that money. Why am I sending that money out? And with Bitcoin, I mean, she immediately could send the money from her wallet to the guy's wallet and no problem. Yeah, less costs, less friction, can't be censored. Nobody's questioning why she's doing that. And another big story in Zimbabwe is foreign exchange control also means that if you, for instance, a business in Zimbabwe and you want to buy goods from South Africa or another country. You can't do that with Zimbabwean dollar. So you need US dollar and then you have to go to the central bank of Zimbabwe and say, I would like to buy, let's say, 10 ,000 US dollars because I need them to buy the goods from South Africa. And every week is an auction in the central bank where the central bank decides on the value of the exchange rate from the Zimbabwe dollar to the US dollar. So it's decided it's totally controlled. And then when you get your US dollar granted, so you are allowed to exchange it. It's not that you as the business owner get the money and you pay your partner in South Africa. No, the central bank is paying you on your behalf.
Bloomberg Radio New York - Recording Feed
Monitor Show 14:00 08-12-2023 14:00
"Alison Trager is a Bloomberg opinion columnist covering economics, and that does it for this week's Bloomberg opinion. We're produced by Eric Mollo and you can find all of these columns of the Bloomberg terminal and we're available as a podcast on Apple, Spotify, or your favorite podcast platform. Stay with us. Today's top stories and global business headlines are just ahead. I'm Amy Morris. This is Bloomberg. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. The Maui wildfires are now the deadliest natural disaster in Hawaii's history. Officials raised the death toll to 80 early this morning as search and rescue operations continue around the clock. Over a thousand buildings have burned to the ground and hundreds of local residents are still unaccounted for. Hawaii's attorney general has opened an investigation into the state's response to the devastating wildfires. The probe will also focus on the lack of warning sirens in the hard hit resort town of Lahaina and other areas. The Kremlin claims Russian forces downed 20 Ukrainian drones over its annexed territory in Crimea today. The drone strikes follow similar attacks on Moscow. The Russian defense ministry also said it stopped a pair of missile strikes on the Kerch Bridge connecting Crimea to the Russian mainland. Former President Trump is scheduled to appear at the Iowa State Fair today. Michael Kastner reports. He'll be alongside a group of Florida Republicans who have endorsed him over their home state governor Ron DeSantis. Reports say DeSantis is also expected to attend the annual event in the key early voting state. Polling shows Trump holding a big lead over DeSantis and all the other candidates for the 2024 GOP presidential nomination. An investigation is underway after a three year old girl from Venezuela.
The Breakdown
A highlight from The Massive Significance of the PayPal Stablecoin
"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 Saturday, August 12th, and that means it's time for the weekly recap. Sort of. 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. And if you want to dive deeper into the conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to bit .ly slash breakdown pod. Hello, friends. Happy Saturday. At the end of this week, I had to travel a little bit last minute. And so my choices were either one, skip the weekly recap altogether or to do something just a little bit different. So obviously, I decided to go with doing something just a little bit different. And basically what you're getting is a long read Saturday on top of a long read Sunday, which is coming tomorrow. Tomorrow's episode is a fun walk down memory lane. If you are interested in Bitcoin, the piece is actually from twenty nineteen. I think you'll really like it. And for today's weekly recap, I have two pieces that are obviously much more contemporaneous. And I think in some ways do certainly reflect big themes that have been on display both this week and last. The first is by Brian Brooks and Charles Calamiris. And of course, Brooks was the acting U .S. comptroller of the currency in twenty twenty and twenty twenty one. And before that, the chief legal officer at Coinbase and is now a partner at Valor Capital Group. Calamiris is now dean of economics, politics and history at the University of Austin, and was the chief economist of the Office of the Comptroller of the Currency under Brooks. The piece they contributed to the Wall Street Journal was called stable coins can keep the dollar the world's reserve currency. And if you listen last week to long read Sunday, you will have heard this argument. Stable coins, they write, blockchain based assets backed by bank deposits and treasury securities are at the heart of a dollar based revolution happening throughout the developing world. Their price is supposed to stay steady, often at one dollar. Think of them as digital versions of prepaid cards with the potential to be important tools of American soft power in a world where the role of the dollar is in question. Stable coins aren't merely a more efficient means of electronic payments. With some economists and policymakers worrying about de -dollarization, i .e. the eclipse of the US dollar as the world's reserve currency, stable coins could bolster the post -war arrangement in which the dollar's dominance helped foster global trade and the biggest reduction in global poverty ever. But that can happen only if Congress implements a sound and stable regulatory framework. That is why House Financial Services Committee Chairman Patrick McHenry's bill to regulate stable coins is vital. It would establish federal and state oversight for stable coin issuers, impose qualifications for reserve assets, and implement rules on redemptions and public disclosure. It's hard to argue with these seemingly bipartisan goals, and Mr. McHenry has collaborated on the bill with Representative Maxine Waters for more than a year. Yet, at last week's vote on the measure, Ms. Waters and most of her Democratic colleagues pulled their support, with no clear reason for their sudden change of heart. Did they suddenly decide stable coins aren't important? Any tool that could boost the US dollar should be considered. Dollars as a share of reserves held by foreign central banks have fallen in the past generation. In 2000, dollars represented almost 73 % of global central bank reserves. Today, the share is around 59%. Though much international trade and many commodity transactions are still settled in dollars, this year, large countries including Brazil and Argentina entered bilateral agreements with China to use the yuan and their local currencies for trade settlement. Rumors abound that a summit next month, including Brazil, Russia, India, China, and South Africa, will consider creating a new currency arrangement. While leaders of the so -called BRICS countries deny an impending currency union, Anil Suklao, South Africa's ambassador -at -large for Asia and BRICS, said, The days of a dollar -centric world are over, and BRICS nations intend to settle trades in their local currencies in the near future. This year, Saudi Finance Minister Mohammad al -Jaddad said Riyadh is open to settling oil trades in currencies other than dollars, once an unthinkable idea. U .S. policy hasn't boosted global confidence in the dollar. The asset freeze on dollar holdings in Russia's central bank imposed after Russia invaded Ukraine, while understandable politically, shocked investors and central bankers, who realized for the first time that the dollar may not be the safe store of value it once was. A de -dollarized world would damage the U .S. The dollar's reserve status reduces U .S. borrowing costs, which is crucial in an era when government borrowing and spending are at a record high and still climbing. Reserve status also insulates the U .S. government, banks, and the general public from foreign exchange risk. All things being equal, reserve status also allows American consumers to buy foreign goods more cheaply, since foreign producers would rather have dollars than other currencies. The nationalist and anti -colonialist impulses behind de -dollarization in the developing world aren't likely to help citizens of those countries. Argentina's decision to price trade deals with China in Yuan and Pesos may reflect Argentina's national pride, but the country's 114 % annual inflation rate means that workers there will see their purchasing power quickly decline. And that's nothing compared with Zimbabwe's 175 % rate or Venezuela's 400%. At the end of last year, 17 countries had inflation rates above 20 % and 57 had rates above 10%. This is where stablecoins come in. Faced with the dismal prospect of saving their wages in local currency stored in local bank accounts, more citizens of high -inflation countries are opting to use dollar -backed stablecoins as a synthetic savings account. Dozens of startups offer stablecoin savings and payment options in Latin America and Africa, often in countries whose leaders are vocally and visibly moving away from the dollar. Dollar -backed stablecoins have market capitalization in the hundreds of billions of dollars, and they support transaction volumes many multiples of that amount. These offerings are attractive to ordinary people in those countries because they don't require an account at a local bank, only an internet connection. In addition, many stablecoins pay interest and have no minimum balance fees and low or no transaction fees. More important, they free people from tyrannical developing world monetary policy and allow them to store the value of their hard work in relatively stable dollar form. Stablecoins could be to finance what Voice of America has been to diplomacy. They can communicate U .S. monetary policy directly to the people living in other countries when American efforts to engage other governments aren't succeeding. If stablecoins flourish, citizens of other countries will increase the demand for dollars independent of, and perhaps contrary to, their government's political decisions. But for stablecoins to succeed, U .S. politicians need to agree that redollarizing the global economy is important. The McHenry Bill is a good place to start.
MiraStar Podcasts
A highlight from #47: The Gameshow - Part 1
"Welcome guys to another podcast. This time I am hosting this one. Miracle's finally taking the break because he's got too much stress. So I'm going to host three episodes. And also three episodes are going to be game shows. We're going to have part one, new people. We're going to have part two, returning people. We're going to have part three, the finale. So we're going to have three people competing. Only two will go through to the final and one will win the final. So let's introduce the competitors. Salva, you've got your stage. Salva says laggy, compile. Introduce yourself. Hi guys, I'm the best one here. Better than my own lot. I think I'm going to win this and get five off Marvin. Oh, I got that. A fiver. Yeah, I want the money Marvin. Alright then, alright then, alright then. Alright then, so I'll say the format and how it'll go. So we'll have three rounds. Round one will be trivia, chosen by one of the competitors, Salva, Kyle and Lillie Agnew. Round two will be another chosen one. And round three will be another chosen one. The winner of each round will get a point. And the one with the most points goes through to the final. The second most amount of points will go to the final as well, but as a qualifier, as like a runner up. Alright, does that sound good? Yeah. Alright then, so Salva's going to come back in a sec. So let's have... Lillie, since you were there first, pick a topic. Countries. Countries. Alright, I'm very smart at that. Alright then, let's ask Kyle first, since it's Kyle. Oh, hi Salva. Can you hear us? Yeah, yeah, yeah. Oh, Salva's here. Finally, man. Alright, Salva. Finally in it. Thank you. Salva, introduce yourself. Salva, hello? Yeah. Introduce yourself. Aye, aye, so, so, so. I'm, I'm Sexy Chex here. And I'm here on a beautiful podcast. Thank you, thank you. And Miracle, yeah. Thank you. And I feel honored today on this fine evening. You're welcome, Salva. Alright, the first topic is countries chosen by Lillie Agnew. So Kyle, you're, you're, you're the one who has the first question. Okay, okay. So you have three choices. You want to start off with hard, you want to start off with medium, or do you want to start off with easy? Well, I think I'm a bit of an idiot, so I'm going to go with medium. Medium? Alright, alright. Alright then, so continent. Alright then. What's Africa. the name of some countries? What do you want me to do, Matt? Alright, so in Africa, which country begins with the letter A and borders Morocco? I know such and go. I know this one, by the way. Same with me. Kyle, don't set it up. Don't have a clip. Alright, just guess. I'm stupid. I need to give you four options. Right, is it A, Libya? Is it B, Algeria? Is it C, Andorra? Or is it D, Australia? Option B. Option B. Kyle, you just got yourself a point. That's correct. Are you like writing down the scores? I have a nice memory, but I'll have to write them down. Right, next. Selva, you want easy, medium, or hard? A proper easy remark. Alright then. What country is the legend himself, Oliver, from? Selva. You better not get this wrong. What country is Oliver from? Oh yeah, Poland, Poland, Poland. Okay, okay. Alright then. Okay, that's the name of Selva. Alright, next Lily. Easy, medium, or hard? Easy. Easy. Wait, no, medium, medium. Medium, medium. Alright. Which European country, I mean not European, which Asian country is in between India and Russia? Is it A, Australia? Is it B, Kazakhstan? Is it C, China? Or is it D, Iran? China. You got it correct. Lily, you got a point. So now we are all on one point. Kyle and Lily don't have the medium option, whereas Selva has the medium and hard option. Yay. Kyle, easy or hard? What's the topic? Countries. Which countries here? Iraq. Easy. Alright then. Which country is on top of the USA? Canada. Correct. Correct, Kyle. Two points for you. Selva, medium or hard? Medium. Selva, you got to get cooked. So, which country is the second largest in South America? Is it A, Peru? Is it B, Bolivia? Is it C, Venezuela? Or is it D, Argentina? Bro, I know I'm gun thrown. Just guess. If you want me to repeat them again, then I can do it. Yeah, go on, repeat them again. Is it A, Peru? B, Venezuela? C, Bolivia? Or is it D, Argentina? I'm going to go with B. B. Yeah. And you got it wrong. It is Argentina, D. Yeah. Next, Lily. Easy or hard? Hard. Hard. Okay. This will be my style of hard. I guess. Next, we'll do Africa again. Which country got independence from Sudan in 2011? What did you say? Which country got independence from Sudan in 2011? Is it A, Chautily? Is it B, Niger? Is it C, Libya? Or is it D, South Sudan? South Sudan. I kind of gave the answer away, but it's correct. You got it wrong. I swear that was meant to be easy. No. No, it's not. I kind of gave it away. Or should I do a new one? No, that's kind of easy. I don't mind. You don't mind? Alright then, so we'll do it again then. Which country is in between? Which country is literally like in South Africa? Is it A, Eswatini? Is it B, Swaziland? Is it D, Switzerland? Or is it D, Swaziland, Nigeria? whatever it is. Swaziland. Oh, where did Lily go? I'll get her back. You can see me. Marvin, I swear I lost. Where did Kyle go? Oh yeah. Oh, Lily's back? Sorry, my phone turned off. And the answer was... Eswatini. You got it wrong. Because Eswatini used to be called Swaziland but they changed their name. So that counts? If they changed their name, it's supposed to be hard. That counts then? Because it's the same. Stop thinking Marvin. Kyle, do you... Alright then, we'll check the VAR Miracle then. Miracle, there's a country which was like formally named like as like Eswatini or Swaziland. Yeah, does that still count? No, not really. Not really? Alright then. Lily, we checked VAR, back it to Miracle. And the answer was, Miracle, do it. Yeah, that is incorrect. Alright, unfortunately, Lily, you... I mean, it's the hard round. So, fair enough. So Salva lost in the medium round, so it ain't that bad. No, but it's over. I'm dumb like that, man. You're giving me... No, Marvin, you're targeting me, man. No, I'm not. Not because I can answer any question that you ask me, but the question that you ask me specifically. Alright, Salva. Alright, next. Kyle's on two, Lily's on one, Salva's on one. Alright, Kyle, if you get this one correct, then you get a point and you advance. And you're in the lead. Kyle? Yeah? This is the hard one. Okay. In Central America, which country is beginning with P in Central America? I'm not looking at a map. Is it A, Peru? Is it B, Poland? Is it C, Palau? Or is it D, Panama? B. D, D, D, D. Yeah, D. What is it? D. Bro, he knows that. Yeah. Kyle, you got a point, you now got the advantage. Which means that Kyle's got one point into the final, which is very good for Kyle. I like mine very good. Alright then, since we finished this, Kyle's now on one point, Lily's on zero, Salva's on zero. Next, Lily, when I'm not Lily, Kyle, pick your topic. Queen songs. Okay, I don't know how to do that. Alright, Kyle, maybe not queen, maybe like general pop songs. Thank you, you little rat. Oh, we have the room. What? We can't speak pop songs. Alright, what's going on with queen? We can't just speak of animals then. Animals? Alright, okay, that's easier. Alright then, first one to answer gets a point. We'll do three of these questions and the first one to answer will get generally a point. The first one to answer, alright? Yeah, I got you. Alright then. I'll give out options and I'll make it four options. What is, which animal have I seen lately? Is it A, Oliver? Is it B, Oliver? Aye, aye, aye, aye, aye. Is it B, a bird. Is it C, a dog. Or is it D, um myself. Aye, aye, aye, aye, aye, Aye, Aye, Aye. Aye, Oliver. I was correct. It was Oliver. Aye, Aye, Aye, Aye, Aye, Aye, Aye, Aye, Aye, Aye. Sugar, I think he was silver, it was silver.
The Eric Metaxas Show
A highlight from Sam Sorbo
"Ladies and gentlemen, are you ready to listen to a man of grace, sophistication, integrity and whimsy. Oh, well, so are we. But until such a man shows up, please welcome Eric Metaxas. Folks, welcome back. I continue my conversation with Jason Jones coming up after this segment. We're talking to our friend Sam Sorbo. OK, so, Jason, so it sounds like you're making the case that the United States should back up Ukraine in war. this I'm not clear. In other words, are you sure? Most definitely we should. We're obligated to. And John John's Merrick disagrees with you. So what is your disagreement with him on that? Where do you think John and I agree? I think the main point I don't want to get lost is we need a cease fire immediately. And I would like how Eric does it not strike you as bizarre that there is no one in the world calling for a cease fire? I mean, you can't find any center of power in the world advocating for a cease fire, even from the anti -war right that John and I are a part of. And our friendship was built on in our opposition to the invasion of Iraq. Are they? They've become Putin apologists. And I think they're falling right into the you know, I went to graduate school for military science, operational studies, international relations. I should have just listened to more Bob Marley, because in his song Ambushed in the Night, he says they always get us. They always captures with their propaganda so they can sell their weapons, spare parts for money. And, you know, rather than fomenting empathy for the people of Ukraine who are being crushed. What we're doing is we're we're creating indifference. And so the anti -war right has vanished. They've sort of become the Gnostic right. And no one's calling for a cease fire agreement. I want a cease fire agreement. And my Ukrainian friends don't like that. And they're ready to fight to the last Ukrainian. They're ready to fight to the very end, as you and I would be if our country was invaded in a similar manner. But I think it's in the interest of the United States. And it's it's it's. And I do believe it's in the interest of the people of Ukraine that we will work for a cease fire, but we cannot abandon them to be ground into dust and to dirt. We have to put this in the historical context. In the 1920s, Lenin decriminalized abortion and sought to ethnically cleanse the Ukrainian people with abortions. In the 1930s, Stalin engineered a famine that killed eight million Ukrainians, the Holodomor. And people wonder why they fought alongside the Germans against the Russians. Well, because just like a few years earlier, they lost all of their children to famine. There was an engineered by Russia. And you look, you know, and this is not just an invasion from Russia. Let's be clear. This is Russia, China and Iran. And Iran is providing the drones, the parts are from China. And I have not heard that. We've not talked a lot about this war on this program. I had not heard that China and Iran were involved. Say more about that. Yeah. These drones that are slamming into Ukrainian buildings are Iranian drones with Chinese parts. And this is where it gets spooky. You know, a lot of conspiracy theories swirling around Ukraine. Here's some conspiracies people need to remember. Um. Iran shot down a Ukrainian airliner. You remember that in 19 and 20, 20, they quickly after Zelensky was elected and looked west, a Ukrainian airliner gets shot down in Iran. It's a little fishy. And you can you you can Shanka was poisoned to death like Ukraine elected a pro Western guy. He was poisoned. Then Russia rigged an election. And 19 percent of the people of Ukraine went to the streets. Nineteen percent were on the streets protesting Russian interference in their elections. This is Russia, China, Iran. Russia's allies in this war are Russia, China, Iran, North Korea, Venezuela and Nicaragua, all of them hostile to Christianity, all of them actively persecuting Christians in their community. And yet we're told that somehow a KGB lieutenant colonel of Vladimir Putin is like leading a crusade to save the West from the trans. This is such a fantasy. This is so bizarre that that it's it's really almost impossible. John was talking about that yesterday, how people on the right with whom we would agree on many things are taking this final fatal step into somehow praising Putin and not seeing him as the monster that he is. Yeah. And, you know, you've been and I'm looking at your books behind there. Letter to the American Church, Bonhoeffer. And my favorite memoir ever is your fish out of water. It's so much fun. But what is the escape from Gnosticism? And the right is collapsing into Gnosticism. It's Orthodox Christianity. It's humility. It's a simple family life. It's a prayer life. It's it's leisure. It's quiet. And we have a movement that's been swept away by technology. You know, we talk about how the medium changes the message. The medium has changed the messenger. Twitter has changed people. It's changed our movement. It's changed the church. And we need to retreat. We need to escape from Gnosticism. We need to look to the cross. We need to look to Jesus Christ. We need to look to Orthodox Christianity and look to serving the vulnerable, not to be swept away by blood, lust or violence or this this lack of empathy that I see across the spectrum. When we talk about war is startling to me. Maybe it's because I've had the the sorrowful privilege of being around war so much in my career. But it startles me and it startles me to see it in people like General Milley. And it startles when I see little old ladies that comment on petitions we have. We have a petition at the great campaign dot org calling on Biden to advocate for a cease fire. And I'll see little old ladies on social media saying, we don't need a cease fire, let them fight it out. And you're like, what? You know, I can take you there, miss. And you can see what fighting it out looks like to children and to women and to human beings. But the only hope for this republic, the only hope for the West is a return to Orthodox Christianity, return to the cross. And and that's that's our only hope.
Mark Levin
Launguage Control Is Thought Control, Being Used by Democrats
"The Democrat Party the media academia the teachers unions in other words it is a trait it is a characteristic of communism of Marxism of totalitarianism we have men and women who have lived through regimes like this whether it's Castro and Cuba, Venezuela, Hugo Chavez, old the Soviet Union China North Korea Iran you name it and several through the Third Reich. Associate Professor at Agda Stronska McMaster University in Hamilton Canada you know that's how I give everybody credit I don't steal their ideas this of course is from the Democrat Party hates America entire chapter on language and thought control she explains in her essay language and totalitarian regimes that totalitarianism promoted persuasion by means of altering perceptions of totalitarianism promoted persuasion by reality altering people's perception of reality she also explains that communist regimes use the means propaganda of and mass deception based on a fiction in other words language is weaponized to serve the purposes of a political party a movement an ideology and a regime and in this the communists are not alone Stronska notes that in practice
Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
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Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
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Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
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Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
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Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
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Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
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Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
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Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
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Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
"Not now. This does companion who cialis but they told us leading us where monalisa reputable not new. That's what you're participating in eleven you looking for because it anymore literally were on. The sola knows. I mean allowing for monday soda. Pvs a confirmed envious. It's already going to throw from media. Center is in the face. They look so most they can hitch. Annella mellow would katina. Gary deceiving.
Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
"Zipper as was spilled. Columba cost lethargic I got it will lita money. That's how they meet the lisa. Thea later prager metro for person. Who up to this meal i wanna. Tci has seem seemed a mere saw him in the mid. One liberal media us commander customer service towel but okay yeah you went solo declares eunice behind gung. It's important that battle. Nothing hanging or novia woman. I made it data soup the dance. Bobble gun suffering. Sequester eliza angrily fructose. Today's young in a bacteria financiere reasonable intense genetically. Fica rally us young only ceo intention alchemy. We'll see you in relatively christian. Ads young link beautiful day. No say's toil moving saying the spectacle assume he complained that locate in orlando rages that sequel who this year pinella vodka. I've told him into columbia. Winter capac who set during the lead the to our flag and see main took a who participate later to in yonkers doing illegal intel keswick participles. Starting say we'll look these radius and you got that komo pretty soon. Tassos pitcher case weedy flinty as suspicious fatal love love la buddha event fiscal can setsu craw centerfield input imported little matthew. Our buttocks say the simple. The ncaa quadros incline union pacific. We say he headed need. E mails the participant. Latin thousand seven. Yet cody the lane. We say we're gonna to go at least percent tara until laguardia other control wiz live your but if he does los alamitos lucas alexa see not millimeters calvin cooling literal as the radio malaitans fiscal oregon lopez had financial political view. Me me of your daughter for roper then implant at least know bustle. Bristol processors as gala wisconsin stratus. We know scenes. Yeah he he later. You're able say they way no. I'm not so they must be fiscally day the he'll go on seek nothing not get rid get less lady eight. I saw bullet. You don't know where literally that concered conditioners but a synthetic casinos literally by his i radius. Repeat your story is going to blame. That can give your underlying whose desire case have you ain't gonna buy. I see you lisa safety. Now maintain asuka acing unruly swimming. Also save say mirman avenida. Ics nosso said you. Janet does familiar does the s by thirty salary and gattaca potato salad. Ns condition as they needle in the intake will meet early friday. Not las personas weighing three thousand laguardia. The has me some company. Go until september quarter. Kim's parking for money harkin each of fair local fady but alchemy up are located money in our our news. You had to minors. But i would assume among dow janet because we want my thing in guadeloupe gain you say smokers lay. Lisa honing qualify under citizen than than the feces. Heping meet up percent dealer. Nothing curricula hume socio compla- pokey comics cruiser but prosecutors politicos janet islamic georgia minus but if this journalist us when case where monalisa sea empress. You carino's because we put a hempel. We'll say guerin's hookah this but you are phoenix minor. Place said i guess mohammed ema. Dare ticket up. Dummying lindsey now up interstellar sonia yelping postal similarly thought. But without you keep that. Mean a minus. They like it is.
Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
"Original proletariats unit. the explosive. Okay gotta go along the ball. Laura's indian donate like tv. That'll change. let's go into this dossier on komo eastern ministerial poor los angeles we've less Breaking up our scenario skin existing product shallows tells us days. Look liquidity. That don't agree. I don't tell them plan. But paneling burial in tacoma yes or cages diaz. Don't they feel modern. Castells news in oak los angeles concetti in charis. But i can modiega poor kate. Bilo sweeney solano's day at endow it. I won't show master hearing montenegro. I tell me smoke dope. Intones is put out the assembly. Ns you're going to in and they just gave nippy the what they're gonna janet Reelecting tau took on the name wa pedal mi familia minnesota and he's a good to your comment. They can sell. Pirate say what he thought he that will come on chitose. Local perkins keno. Janet is gay as cheetos komo. Eda those familiar. Domingo cornwallis ultra lemon and minimum. Wisdom says appear tammy mammography. Donald all your mama john f. kennedy your bus some of miami memory inequality in the emigrant. Ma media immemorial lack. This may full. They need more jets. And he's a case all explosive easter stumps for movies or bring the but janati sumati yet administrator syrian. Terrell thumbing guarany soil. Remove his on top immediately Survey what lumia the or the one in a semi janet winter cagivas rica compress him. Yes in columbia. But we'll go in. Minnesota goes turned him into cellular by swisscom but as pedal these communica signal mama daily gonna allow local weaken this allow for me to say to logo imerman mind. Nice swap lloyd. Either lisa penis is a letter the janet. Then you'll document of ramallah apology unicef better one for you tokyo. Komo throw nicholas this. What intel say. We'll still data l. Feels as as he knows is but i would ask. Picks twice be tower. Some your came history Store is deal will ultimately janati martinis and this there. On saturday. Storer martinez is important. Total context and get the best you more. Newly in a means are those politicos wonder equally warriors. Ammos thousand lasts. I'm leah emeal's they'll miss about the opposition polio or his single throwing columbia river. A cumulus by Impolitic ministerial easier to maintain humans. Gwala loose One on the continuum outlook seattle's had gained testimony. You on a persona indies. You work naval would enter visa winningest spaniel year woman. Took his companion bradley. Would be eligible in contention komo bt melillo position. Parliament committee item throughout the grill knew manhole iran contra parliamentarians this serafino the maha wanda kazan's gave frank commend. Not or you can pour the garage supported me in west. Our you see tornado in plano source ties. The feces guy. He meant but let me tell you about saudi endow erase new the monday closest manners who nascar luminous their gyro but an okay thing he's rubbing the roman challenge procast. Abc's collateral this to confess yondo nicobar julia worries and dunces. Say never this young man. Julia workers contact since products. That are thrown this. Because it was say. We're going to healing as he not only kwazulu though. Luke is tabby ando put out percents it bit by bit janet jagan e liquid lincoln. Tyron gig i don't need a must be seen. But a soreness me out of my ladder journal quantum car recommending that say the heroin acquiring media. He said you are on the media. Vs then from yaris babbel's with amelia. You dinner meals for a look at south korea from either being required being the only is we have. My dad was sunken beamed. No boy the move believing. Also in minnesota annoy monastir moisture can turn an intimate jenny. Joe no So you know saint jonathan. We start a meat move. Blandly sat mclean with the ad agency. Now look up just saying same thing. In noma we used. So you look. Janet tanto camille. Do you got sort of minor delays them. We look at what he cynthia camry. Go you'll just. Npr get throwing look see him gimmicky throwing look see him. Must contain the yesen. Kelly says to us up to see them meandrous explicable forum incubating gaming in guantanamo as such unicef less calculus galvez kuching component. Como esta on since at least say we're gonna photo banal Cup it's don't need us to maintain the interest category. Yes leopardi maeda. They've been us on the now's house or representing the we one main municipal league cup porta elitist politicos also cialis and gets discuss. Who's lopeti it. In soon. excluding up persona they're mundi political notre sad lack of political icy land la z. They'll restore in polish galway's hit uncle news on monday la ham on the faith and you are thirty. Pony allow potato.
Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
"Landing gives you an idea dennis about guessing k. Talk okay fitting Don't engage it'll mess up in your gelatin. Limited maintain maybe we can do maintain lucille. Contra hinted he parachuted butts. Our at jaw manfred. Amanda hi assist is okay me wittment. Don't monotone darlas young as he teen jon bon and visit commitment to get them but now they come into the north need someone nibras media that anybody on animals not not helium and they know him conduct on a normal as got. That means a okay. And you know not that. I said nobody on his way lepre dallas. You know him be an a. what lazett doesn't get. They not get gaza the toll the that will little boy animals on a less lease many threats young age and a this opponent k. Gone calls the mice. But in the new of that pro in wichita by ease on the air so loud.
Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
"Hamas parents in law see embiid of the anther minnesota to quit but inclusive enthusiasts cartographic to lint from to support and laurels. They'll at so your son me. Andress gotta delayed by bennie. The cameras one really. Yes the we hone about data. I mean hockey allow him. Would the nabi bell by all of nadia pass. The afc nauseous in dade little. Commu look like oreos alabama's kilns impervious nineties. Our homeless bed has navigate meeting new that lasting not equal competency. born the lurker. beast to nobby end leopardi's young better known as my would acuras jama norte. But republican communica galloway own carpet to pilot ninety. The now you've been real tiga ninety. The appeals were by. nci gazon mega-deals. But for those socio. Megan most gambro into obama mocha's moisture nato baby gangs william battle side by this. There was also by yada noise nostril. Komo boy support that allowed us. Let me die so cs gap whereas this walk in the northern member. Geeze us. that's by laura. My league got ominous appearance. Giza solta some hit. Combo gilo. Waste get the parasol catering. Gus gaza a level dude on me guess. Homebody lippold in area. They had yes. Gaza i'm kasuga leprosy year saleh ghost. I'm to gaza the hate gabriella. This impasse giving up rope us. Get the rafter vegas. Also sam's no fraga style about the last. I'm ready so bleak or be good you do we. That is is important. Now has a got vasic on mir in. I've also lodo signed dory though the main thing gordon nails than me out competitive beta saquon get must. They would've got dating different. Main shooter win. Tackle malays mutated yet so wants to regain the eating by a main thing is peace to use security and keep oiliness. Espn answer role as me by neck. Our little human dealt in recent podcast gastronomical gas sundays pizzas stories car. Hearing in dhahran. A comedian got lotion. working mutcherson. with jesse stories is his speeder. Doors was guests gaming down floating zone inter just assume fully. Wisconsin is margaritas louisiana. Going into some your e going. I was how as i say. Most our holiest then withdraws the sales the host canes moines as historians than by san. Jose almost maintain suelas liberty to get us up with your competitive competitors. He stole quintus. Amigos ouattara patron the hill behemoth. Replay the pentagon spit on supplements oil. Hey up they had less than in most cutting leading to one rando. A boy market channel. Watch a coma. Soto's even more radical media look at your c. n. doing me renting or indimedia anthony. He impossible to yeah after a cnbc. Toronto death and that will be. But i like what. He's got the new beetle kick on the by europeans. Como cuando has jap cantu minter in san jose. Komo's picking eating into mente see members for demagoguery delays the game by as cmo kim and jason l. And they want to take us. Don't realize these young men me man in brazil dull commodity whereas la mesa garage and maguire weiller. I'm the lower demand visit k media. Mouth i can tho lousy music game heredia cone meeting meet us. It's only goes somewhere tone those in contracting jaw. Get okay ed. To communist party of kwanzaa. Doma doesn't weekend coming from media. Moines getting your second. Okay so familiar those saint-pierre kiddie but that's our ma. Leaker mas me are more joy at the mona discern. Better fate ano- young not by look e- economic sadie though but oh no the nia lateral terresa. They memento s momentum baena electing no music year since the bustle not being consumed by his to lavish young. They look at that lane. Dantonio momma swelled room. But i don i look in your face up onto see to see when i let me go to brazil. A independent only off your said i loop on quinta in those leaked lepore while most midhat hope woman on hold up at amazon e among nato.
Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
"Addy not buying as but you on essentials popularity lululemon insana extent. India mutuelles nina's venezuelan-us newcombe. Pro assailing withdrawing years seeming keith euro salvato by the name quota louisville boondoggle vita latini. Komo's guy elephant tara but soc- and ideas ghana in but me cdn the resisted pursue. Familiar only eh millimeter. Are who in came pedal your tried to save magnon power. Ho- qian's miami illinois gave me simple their nipples us highlight pro. Here's how hill leave. No more no goldman demayo in the way being a little bit with as will an paradox intellectuals who you meet and north dakota at his take on brazil. Altruistic me yeltsin consciously soon all day by you body you are. You can do with biden Colombia venezuela bolivia. Quality panamao foil. Hugh portal's piranhas. Who meet at dollar bodas young commute cargo the etc nervous portfolios alyssa's by nucleus commonly hesitate patriach intense caserio neutral on this not every now and they get that close we independence equal me reconcile nominate extraordinary yahoo one real voice. Let's politics is concerned. This data on list contained elitist nationalist. Us look look acl. Sarah go beyond what you got a moment. You are not any upper limit. Venal maintain house got an on your list menu by way. Data it off okay. H c medical sweeter. Do a window center. We'll be a bit form in to fill human me in bolivia brady mean your influence. Your book is who planned that corona fade as daca. The endurance zucca as he promised that mandela You will attack columbia. Elementary latin unicenter economies expulsions has announced the ambush parties weight but atari no louisa. While you're in the team at tando lampoon loiseau common ground the lower your on those those. Es l. nuttier raskin new. Vip sal seeing the nettles who will see you go neither window. Somebody diagnosing communal this year. But i don't get it is. Ns teachers epicenters. It would be yes. Embiid lincoln is rising one dollars per measles cases for the accident didn't play what would ruin officials. Those by his master rang top. Politika's for columbia senior about facile. Leave the russian imaz. Excuse now for komo stor seeing blowing the hamblur in gaza see india send. You've got to be sell up peruta notches but with all of the opera news. It'll say what being komo but organised thomas corona solution to go memorial Us last bali because mudavadi ask implemental winkelmann stars on some little nutty square. Chess these nco here finance. He's going down. Bacchus in job orlando's as vice seventy tranquillo earlier s afford minor but under easter up at. I one able work with us. No solo in see not Live comedian lots metals. Mrs up at all us e now known as pro get win. The it'll open your new borana but playing a militia opinions gives most ended. Arrogant is by bogota spectacular. Say for a memento piranha pullovers deal guitar bass. You which ones coming sarah on kitano tunnel hundred camellias. Bekker's was by san jose. Serrano comparison book gave been diaz. Who 'cause sale school not low india in but the present ascione the no. I wanna poor game This alenia how is allowed us industrial book. Where they've been the alati san larisa lou india four alachua in optimus condition. And if it goes will syria surveying bill. The song resear- leaders. Latin spoke of in annoymous federal known. Dixie thing we'll see we're gonna we'll alaska to will receive. This is josh regulars in more than white apple indian doyle better than being a moved into some sort conditioned industry ancestor tumorous betterment to choking in the then the mosquito scandals tolls. It has lost. Not in costume brisk wireless seeing by ross moved in with an appropriate former sarah. I'll go per phone will settle identity. Lamis mogul rio will look. Fierro is capable heated alleyway solano by dolla recog- later more anglian tailgate bleak and cockatiel bucher forum is at a mildly boycotting poker obama to look gideon the hormone siempre. Don do it and when my hanging apple. Ceo kerala being community. Usa scipione is always polio. Roses is molly and europe. Alano mass. I'm here thomas. Charismatic ego get in the upper in a mockery team are who thing in arizona. Some adding iguanas tired. I'm being so so me me sties to you. She went to the name. Why but him. Pray for muscular. School was comedian super tour so persona case him we also bed one. The no name bullpen on k. k. Sem 'em tablet metrology.
Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
"More feces secretary aussie. Vivian but if i can home seductive being look adjusted for eleven tele mental or get at the mesa mexican omani thirty style. Id and it goes with audio electoral mainly to science. Get to more you know. He's not missile. Goaty economy awareness. One zero me say no meet a cassette this intimately so it gets a little. Yeah he contrasted anti center for mass. He had always been emphasized. Listen if it can't t morelli some muscle yep woman to complete go then you have the out through the two more to go on. Komo komo persona que. Mutliple in syria does your wow. Wbz southwood. i'll go e the bbc therapy done for a while land. They were better strong. Good for without the him central sympathetic system seven. No a stay a gentleman yellow. Tony i will wait i g. The poor can no way the a military not mean things. You'll tell ya que nothing else. Obscene economic okara. Trump's uni said filter. Hope on cnn doing with Up may. I'm in the capacity dog on in montana. Thing you might. That in omaha drunk battalions on the lab a second million seller in me in the and saw the record byan finian nocco miano sally. On the komo komo they market out working but accommodative me most will say and throw handle in a to open us cuando foot ipod ketamine more local k. Dan dow brisk doing central. May on a up sudha komo job necessarily moment. It's coming up winter as say visit to salon. You say visit. It has the resi. Lana mac kaneko taken on. North golan made other cases assessing embargo. The thumb mike can put it moon montenegro. Our meal familiarity mortem Hilton and majuro. Paddock on and in the nato k. K. can talk it up. We'll turn ten year. The nato capi meddle in mijo. I'll maintains larry orlando as if you got it all 'cause i'm being but then you've got louis c. Put coming mill. Allen pre medal primarily moping around egypt. The son of wet bottom anthony the on you remove your pin grid okay. Now what felipe handed combined with. Overpay throw lethal e won the day while car. Ha me too personal breath all inter hair. Tehran is i got to iguana. Well me say no the immediately. And it brisebois boris By me put a game looking at adair in the airlines. Your own mental salary is look passer administer local news on insulating bobo so replay as principal replica chameleon marina there to make all also in the northern perak. Another now minister xiang. They wanted to read impressive to work to open so he icon sea levels. Joe is your get. Consider the toilet. Though be nato own doctor made for seattle and three manila would open. May then don't go amigo companion. Plus he camilo and al-qaeda opennow saturday life. You could die bottom meteorologist at the threat. Allocate over no e second those two more get bustle. Eight are ending berlaymont operations super at the end both super terra elbow appalachia raise our mouths. He thought super taranto sunday. Thirty self it s your super hanging meritas holiday and those who are only khotso guangdong. The point said la di ya the catan as those made out to hand. Luke cooking komoyedov epic. This will combine. heroes can have you. how how. How mu champion but san diego. I'm gonna what he knows. Media policy play hacking lucas north realtor k. muscle dole yet ending the perceived economic won the qatar in satellite. 'cause he got matica. Komo's you then. tom. Rick thomas landed don't says and they are too modest little medicos competition though. She's i do see now. What's he going to your neck. Where omen comment the neo lab minnesota cater to send me me erase. It had the look at the news. If we're actually at the memo's dot com it uncle rascals they'll give you the cook at the kaluka me interested but i'm hundred act gary lampton for he go to geico medium. Found down down down dumping a of waiter gay lapidus on said if so palley their law passing for four ipe would only a miracle kedo attack. But it's not say young main goal more for a dot is controlled elementary momento being or send via data's getting closer and i won't be done and the door where can in the tunnel may say those scattered them being and gained sandy dot daily mental Being baked all physical really hit up impact. Ema and democra-.
Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
"In this one little every meeting is what they do while ben this deal in our case ec cuando do ever fantasy com what persona holly fit for god that i wanna see nine kilo Our carmen johnson. Eternity cozy record so beetle commerce. Our folk at the end up in the konosuke was important. Data saying that parents yasser porcupine. I don't call more than the amount they own. I mean they were. They were seen dickel at episode. Either me money will our thing at them. Dan as you feel will for somebody to take you for. September tweet molecules. Look luckier value. It along the policy to serve the seen. It does the while by law by locals. Commoner put in halloween or not seek the loma who forseeable biking all normal at their la la. The leo is who is too busy to you just really taught. Magnus says condom loop doing solano's aquarium over. What else was nobody's but my your soviet era knows loon review apple podcasts or platform economics coaches. It almost google podcasts apple. Podcasts spotify books emma's we are not as relevant or ko be done with rookie destroyers this security dentist renews later your corio salmon and maintain. Don't it stolen for us. You can see this. Cute may be dictum. I wounds awfully theranos. When crusoe bracket promised by taylor. Group is fernando productivity was up and there was a cassia l. Call you're columbia. Mass cinco siete serostim cortra- saito say he's seen conservatories mass. Sink cassia tetris. Sarah shinko threats. Say's cinco serapis. just wind take. It went down as he told us in. Israel equities eastern.
Venezuela: Crisis y Esperanza
"venezuela" Discussed on Venezuela: Crisis y Esperanza
"Corona virus. Total needles this so let's matter petite us citizen mindless anyway mundial. They're thinking should i is. I know money's gonna cancel kentucky more based on damian but own nagano sake around the wrong will look to say reduce in venezuela on most movies released more moscato majority gandhi celebrity moscow see his companion pooped. Esperanza yes talk. They're using studies three year. In israel he said holy salute used to tell me exposed to second be imagine venezuela for us. They will tell us for this. His llamas antonio latin america but of course it all but as far to nagaland muscle we meet at eve's england greasy economic seeing new professional. Villas look yester-. In stolen. But i i in the lima case by seeing hearing on kobe. A murtha for me.