35 Burst results for "World Economic Forum"
Ron DeSantis Weighs in on Nikki Haley's Gubernatorial Record
"Bring it up if she does bring it up she's very defensive about it what do you make of that well look mark at the end of the day are you somebody that's producing results or are you just in office to bide time and my view was I sat when I down at the desk in the state capitol when I first took office as governor I looked around the office said I don't know what SOB is going to succeed me but they're not going to have anything to do because I'm taking all the meat off the bone I'm I'm not gonna waste any time I'm gonna get all this stuff I promised done and I've done that everything I promised I would do I have delivered on and these are very consequential things as you mentioned I think somebody like Nikki she's Haley running away from her record as governor because her main task as governor she saw it was to recruit investment from the Chinese Communist Party into South China she was the number one ranked governor at bringing in China into her state when she was governor and she actually South Carolina gave away mill land to the CCP five miles away from a military base for them to do a business venture there and that was very consistent she went to China with the World Economic Forum back in the day she took other junkets there and this was something she wrote a love letter to the ambassador when she was governor saying what a great friend China was so that's just that's very consistent that was her world view that was what she did now she's trying to say she's a completely different person on all that and she's trying to trying to run away from it she's also never gotten involved in fight a and actually fought on behalf of conservatives and won me for example we've lot of done different things in Florida like protect girls and women from having boys and men go into their bathrooms and locker rooms when she was governor of South Carolina she killed a bill that was being proposed that would have provided those protections and so this is just a pattern with kind of how she does things doesn't stand up when it matters is basically catering to the more liberal Republican donor class. now this Republican donor class is interesting because I was watching one billionaire on TV And it was bizarre sometimes I wonder how these guys get to be billionaires But that's but just me governor anyway first he said he supported Trump then he supported then he supported Tim Scott now he's supporting Nikki Haley isn't that kind of bizarre I mean do these billionaire donors not all them but these these what is it it's the the flavor of the day or they all now all the ruling class corporatists are they now and I'm I'm yes this gonna suggest is the case the ruling class rhino corporatists are now betting on Nikki Haley a lot of them are no well I think there's a couple things one I think the fact that a guy like me I'm not just
A highlight from EDWARD SNOWDEN: BITCOIN IS A WORLD STARTING IDEA | Bitcoin Amsterdam 2023 | Sb Originals
"John I've not known you long, but I love you already, but I have to say that it's it's disingenuous To claim that the biases they're exhibited on Fox News are any different from the biases exhibited on MSNBC It's difficult to suggest that these corporations operate as anything other than mouthpieces for their affiliate owners in black rock and vanguard And unless we start to embrace and then also mate like just spiritually if I may use that word in your great country We have to take responsibility For our own perspective. I've been on that MSNBC mate. It was propagandist nutcracker It was absurd the way they carried on There was no one called Joe there no one could concentrate they didn't understand the basic tenets of June journalism No one was willing to stick up for genuine American heroes like Edward Snowden No one was willing to talk about Julian Assange and what he suffered trying to bring real journalism to the American people What's up guys and welcome back today We're gonna dive into a realm where technology meets privacy freedom and a sprinkle of rebellion because hey We're talking Bitcoin and who better to kind of navigate us through this digital jungle than the master of privacy himself Edward Snowden And just this past week Snowden was the star at Bitcoin Amsterdam And he had a lot to say so let's decrypt his insights and explore what he calls a peaceful revolution Hey, we got a lot to cover. Let's get it Bitcoin has a privacy problem Everybody knows it and it's for many as many years as I've been giving these talks now It is still on fix The world has a privacy problem Okay, so so so what do you do about it? You know people in the room? Oh, you know, let me do a coin join I'm gonna erase this by shuffling these round and I'll do 200 levels of mix -ins or something like that cool. Yes, you know, I am proud of you for knowing that it's possible But no stop that that's not what we're looking Contorting yourself to be able to fit to pass through the keyholes of the tyranny that is surrounding us That's not the solution The goal is not to you know Wake up in the morning and be blessed with the perfect suite of knowledge and skills That will allow you to dance through the Byzantine a hell the smartphones, you know evil invisible Perfidious network traffic that is timing you out to everybody in the can without asking your permission Just in order to be able to interact with society in some approximation of safely, right? You go. Well, I got VPNs and I've got these things that hurt they're blocking this I'm using ad blockers and I've got a hardened browser and whatever that's not the goal And it only benefits, you know, the the smallest minority fraction When we talked about, you know, the old case of Lenin and these people who were sort of putting their acts on the ground It comes from the collective there has to be a mass there has to be enough people and the more exclusively The more exclusive your community becomes because of the burden of knowledge that it requires to participate in it the smaller that collective will necessarily be And we need to recognize that the status quo of the world it is whether it's the way Sort of on chain privacy analysis is happening and they're you know, tracking cross -chain transfers You see people tweeting this stuff out. But oh look this person moved to this that person moved back That's not normal. It's not acceptable, but it is here It's inside the room. It's on your phone. It's in your pocket. It's in on the Wi -Fi It's the cameras that watched you walk into the venue to now have vehicle recognition and person recognition baked into the algorithm It's on the chip. It doesn't even cost the manufacturer anything extra to add in. They just got to enable the software It is everywhere And the thing that I want you to take away from all that is that the acting in secret is not not freedom Right. It's not the goal. It's not that we want to liberate Ourselves as the individual we want to liberate that the collective individual And accepting that it's normal for there to be processes out there where you have to submit, you know a notarized photo of your paint Let's say, you know Your on -chain team maybe not to your rulers in Manhattan be an automated form in order to establish Your identity or your proof of funds in order to be permitted to spend your own money. That's not freedom The necessity of coin joins and so on That is Because you are unfree that is in proof of funds that is proof of unfreedom You know Snowden hits the nail on the head about the world's privacy problem But the world's privacy issue isn't a sinking ship just yet It's a call to action though and a shout to innovate and take back control and Bitcoin it seems is our paddle in these stormy Seas, you can create systems now that are unowned and still function that can be decentralized They can be private by default And that is powerful this is big stuff but creating unknown systems a realm free of control and surveillance It sounds utopian today, doesn't it? But with Bitcoin this utopia seems within grasp However, not all the glitters is gold. The crypto market is buzzing with the talk of ETFs But is that what we really want right now? The reason everybody's getting excited about the price is they're thinking about you know Even if price is moving Because that is a kind of subordination that is a kind of subjugation that is a process of taming That we see being played out all the allure of the ETFs. It is a tempting fruit for some but Snowden warns It's a step towards subjugation We know what they can do with rehypothecation and a move away from the core essence of Bitcoin Which is self -custody removing banks and intermediaries The idea isn't to emulate but to innovate to liberate when you think about why everybody's so excited about the SEC and it's more it's Like stable coins and everything like that is because there's a real demand for stable points because you know They want to find a way to offset volatility Then okay, if you will not engage in that sort of legacy systems you can but but don't try to emulate the dollar Liberate Seize it right make it on own make it decentralized make it private None of the stable points that exist right now, but I'm aware of our private by default There are some that at least don't have blacklisting or whatever as opposed to like a tether or USDC But it's important to remember that that's not enough just like with Bitcoin. Bitcoin is an enormously powerful enormously useful That's as it is If we think about Bitcoin as how it was there was a time when everybody thought big payments were private Right, just because there wasn't a name on the account and people are still you journalists are still out there saying Oh Bitcoin You know the anonymous digital currency or whatever. We know it's not That level of sophistication creeps up. The ledger is always out there the ways that will be applied and exploited will only grow What about tomorrow and yeah all these people they're talking about stable coins, etc speaking of liberation a hot topic as Snowden points out as stable coins have a long road ahead to Embody the ethos of decentralization and privacy and it's not just about creating some digital dollar counterpart It's about crafting a currency free from the shackles of control. This is why there's Bitcoin and everything else We have only two roads freedom and happiness Or the grave When the system considers your life to be one of its primary resources a Crucial move that is available to any collective is to hold one's own life for ransom You need to push forth the question are the concessions that are being asked more easily endured Than the life than the loss of life that withholding those concessions would provoke Not not only the loss of labor, right but the cost of extinguishing the intransigent lives this is Effectively the root of all minority power all labor bargaining. It will be harder to Remove me than to live with me We're kind of drawing closer to this climax our two paths are clear freedom and happiness or this dreary dystopian world economic forum end and the stakes are high and the time is ripe for action and our action according to Snowden starts with disengaging from seeking validation or permission from these traditional authorities and these failing institutions and we need to stop asking for permission for this all of the people who are Tracking the price looking at the headlines and you know going over the SEC the SEC Gary You know Gensler is not daddy Bitcoin I don't really care what he thinks and I don't think you should either and yeah Gary Gensler isn't the gatekeeper of bitcoins potential We are the community is and as the saying goes power to the people, but how do we harness this power? How do we respond to the tightening noose around creative and financial freedom? Our space is being cut off The space for invention space for creation space for transaction Has been narrowed and it's continuing to be narrowed And at what point do we respond? At what point do they see our response at what point do they stop marching off our developers to prison? and at which point Do we start taking their authorities away? Because that is what Bitcoin set out to do You know, if you remember the Genesis block What was behind it we see the risk of bank failures growing as the certain rate of bond losses freezes We're about to have another moment of systemic unease And I don't think the Pitch that we are offering to the world is ready for it But it could be it should be and it can be while fidelity and black rock are Definitely bullish developments don't rely on black rock or fidelity to custody your own Generational wealth self -custody is the revolution and simply Bitcoin originals are powered by the Bitcoin way They are your IT team in the Bitcoin world They can help you with your journey if you need help with wallets and nodes inheritance planning No KYC purchases how to buy Bitcoin accepting Bitcoin payments collaborative custody multi -sig and more They got you covered schedule a free 30 -minute call today using that link below We say it all the time Bitcoin is more than just a digital currency It's a statement a resistance against control a step towards taking back. What's ours? What's yours our privacy our freedom and with every step wins closer towards the system where the power is Distributed and not hoarded and so we're here today gathered in this room with the world ending behind us But if we're lucky we have an idea right now And you have ones that nobody's heard of That could be world starting So let's get to it. Thank you very much World starting ideas, they're not just the relics of a bygone era They're here and in this digital Bitcoin Renaissance, they're waiting to be discovered nurtured and let loose upon the world It's not just about facing the storm. It's about becoming the storm So as Snowden said let's get to it man Snowden always gets me fired up but guys like share subscribe spread the sound money gospel and make sure you got those Notifications set because we are dropping content every day and make sure you're following us on Twitter We're dropping the latest news on the daily keeping you up to date with the peaceful Bitcoin revolution And I don't know if you cut at the last couple days, but there was kind of some major big news We got Joe Rogan. He's on team Bitcoin and then fidelity just said there is no second best So, you know, I guess you could say things are getting pretty serious. Hey, hope you had a great weekend Let's go whoop some ass this week. Let's get after it. Cheers to the bright orange future.
A highlight from Private Central Banks FUND WARS to Enslave the World (History Repeating! ) What We Can Do!
"This is one of the most important videos we can watch, digest, and share on the potential brink of a world war to understand what is actually going on. So stick around to the end and use the chapters below to stay with me. Here's exactly what's going on in one sentence. An orchestrated systematic destruction of the society, the financial system, governments, and the world as we've known it at large by globalists, a part of the World Economic Forum, and the international cult of private central banks to usher in a new global centralized authority, bank, and system of control. Everything that's going on, none of it's about morals, values, democracy, ideologies, climate change, allies, enemies, political parties, it's not about any of those distractions. It's all about a mission by globalists and private central banks to consolidate power, control, and money. And to accomplish this mission, they have to take our money, they have to take our freedom, they have to take our lives. And the most efficient way to do this is to destroy everything. Destroy social order, destroy decentralized banking, destroy our currency, destroy our culture, destroy our relationships with each other, other countries. Just basically divide and destroy, divide and destroy until there's nothing left. Nothing left except the new system of control where they completely control every aspect of every human being's lives. Where if they are successful, we will own nothing. No homes, no land, no cars, no property, no businesses. We don't even own the money that we earn. And although some of our knee -jerk reactions to this may be, calm down conspiracy theorists, that's absurd, the reality is they're not even hiding it. They're out here telling us all about it in plain sight. In fact, they've been telling us for years, writing and distributing articles about it, posting videos about it. Check out this video they produced and posted on the World Economic Forum's social media accounts all the way back in 2016. Eight predictions for the world in 2030. You'll own nothing and you'll be happy. Whatever you want, you'll rent. And it'll be delivered by drone. Two, the US won't be the world's leading superpower. A handful of countries will dominate. You won't die waiting for an organ donor. We won't transplant organs. We'll print new ones instead. I wonder how much the rent will be on those organs. Four, you'll eat much less meat. An occasional treat, not a staple. For the good of our environment and our health. Five, a billion people will be displaced by climate change. We'll have to do a better job at welcoming and integrating refugees. Six, polluters will have to pay to emit carbon dioxide. There will be a global price on carbon. This will help make fossil fuels history. Seven, you could be preparing to go to Mars. Scientists will have worked out how to keep you healthy in space. The start of a journey to find alien life? Well, they already rushed that one. I guess they're here, right? Eight, Western values will have been tested to the breaking point. Checks and balances that underpin our democracies must not be forgotten. This is their playbook. This is their blueprint. Who created this? The World Economic Forum. Who's in charge of it? Klaus Schwab is the chairman. Check this guy out at the 2022 World Government Summit. History is truly at a turning point. We do not yet know the full extent and the systemic and structural changes which will happen.
A highlight from Elon Musk: Fiat Money is a Scam - When Bitcoin!? | EP 836
"Yo, welcome to another episode of Simply Bitcoin Live, we're your number one source for the peaceful Bitcoin revolution, code breaking news, culture, and medic warfare. We will be your guide through the separation of money and state. Interesting, Elon Musk, very interesting character, because it kind of reminds me of the gold bugs. Correctly identifies a lot of the issues, last, you know, one of the things that we're going to cover today, just someone asked, basically like, what is the scam that, you know, is so well propagated that people are just considering it a matter of fact? And Elon Musk just answered fiat money, fiat currency, right? But this reminds me of something that beauty on always says. If you don't, if you identify the problem, but you don't present a solution, it's like you're kind of running in the same place, right? And this, this also applies to politics as well, right? So, because politics don't like, you know, you can vote for the, you know, the liberal or the conservative or the independent or the libertarian or whatever. But if you don't fix the root problem, which is a bureaucratic elite have the ability to create money for free that everyone else has to work for, the whole system is rotten. If you don't fix that, it doesn't matter who you vote for, because the incentive structure is just not aligned, right? and So, Elon also talked about freedom of speech as well. And you know, he's, he's seen the writing on the wall, right? You know, there's some comments made by President Biden, basically saying that, you know, he's kind of bummed out that the US government can no longer ask Twitter to, you know, deplatform or censor certain things, even though that is explicitly against the First Amendment. But that goes hand in hand, right? That goes hand in hand with what I believe we're living through. As a human species, we're living through the disintermediation of information and the disintermediation of money. And all these old models, whether it's, you know, governments, you know, and their ability to control the narratives using media sources, you know, the internet has greatly diminished their ability to control the narrative, their ability to control speech, their ability to control money. And that, in turn, empowers individuals. And I think slowly but surely, with tweets from Elon, we're also going to cover a video from Eric Weinstein talking about, you know, how Bitcoiners are just saying Bitcoin fixes this. And he's like, that's not true. What you're seeing is the slow shift of the Overton window, the slow shift of the Overton window, slowly Bitcoin, the idea of Bitcoin is seeping into the mainstream. And I think that's why you have the hostility from governments, from the IMF, from the World Economic Forum, all these very powerful institutions that are just not fans of Bitcoin, precisely because, you know, it takes away their monopoly, their monopoly on information, their monopoly on money. So, yeah, we're going to cover that on today's episode. I think all roads lead to Bitcoin. We've made episodes on this before with Elon, you know, talking about potentially including a playman platform into X .com, formerly known as Twitter.
A highlight from ELIZABETH WARREN RAMPS UP ANTI CRYPTO PLANS WITH SEC GARY GENSLER - DEUTSCHE BANK CRYPTO CUSTODY
"Welcome back to the Thinking Crypto Podcast, your home for cryptocurrency news and interviews. If you are new here, please hit that subscribe button as well as the thumbs up button and leave a comment below. If you're listening on a podcast platform such as Spotify, Apple or Google, please leave a five star rating and review. It supports the podcast and it doesn't cost you anything. Well, folks, we've got big news that Senator Elizabeth Warren has added nine new co -sponsors to her anti -crypto bill. They're all Democrats, those co -sponsors. This has not changed the trajectory of the bill as most of these co -signers were expected. This is being reported by Taylor Barr of the Digital Chamber of Commerce. And you know, it's not a surprise that they're all Democrats, but these Democrats got to get their act together. Many of them are not going to be reelected because of this stance on crypto, in addition to other political issues. And I'm not here to say Democrats are worse than Republicans or Republicans are better, right? I'm pretty much an independent and I look at who's the best candidate from that standpoint. But the Biden administration and many Democrats are really, really screwing themselves over. Now I want to be fair, there are many Democrats who are pro -crypto, right? We've seen Richie Torres, Ro Khanna, and a bunch of others who have been doing a great job. The problem is Senator Elizabeth Warren's voice tends to drown out many of the other Democrats. And she has a large following, right? Because of other issues that she covers. But we know she's corrupt and she's been doing a lot of backdoor dealings with scumbag regulator Gary Gensler. We know she sends him the questions and answers ahead of hearings. We know she's been working with him to try to get the crypto market in a mess. We saw that Promethium was a plant by Gary Gensler and the SEC. And I think Elizabeth Warren certainly helped with that. Elizabeth Warren also contributed to the bank runs that were happening early in 2023. It started with banks that were pro -crypto, of course, and then that domino effect happened where you had a whole bunch of different banks started collapsing. So I don't trust Elizabeth Warren. I don't think ultimately she's going to win anything here against crypto. The most she may do is slow us down. But crypto is going to outlast her and corrupt scumbag regulator Gary Gensler. But we do have to make sure that we keep fighting and we spread the facts. This is why I always tell you guys, contact your representatives, use Twitter and social media to your advantage, make content and much more. We can drown out all of her tweets and all of her things about crypto. And we see the narratives around Gary Gensler collapsing, his false narratives, and he's getting exposed in court. So the more Gary Gensler takes defeat, the more Elizabeth Warren's going to lose wind in her sails to back Gary Gensler and to say, oh, you see all these crypto things are all scams when the courts are disagreeing with Gary Gensler and the SEC. But we've got to be vigilant. We've got to watch out here. She's certainly not giving up. She's up to something. But we're ultimately going to win the war, folks, and crypto is going to outlast both her and Gary Gensler. Now speaking of Gary Gensler, some of you may have seen this video and it's hard to convey this on the podcast, those of you listening on Spotify and Apple and Google. But Gary was interviewed by Brooke Masters, who is a journalist at the Financial Times. And Gary was stating his false narratives and lies, right? He was saying, crypto, these guys don't abide by the law, there's hucksters, there's scammers, the same old bullshit, talking points. But surprisingly, the journalist, the interviewer responds saying, they seem to be finding some sympathetic judges, referring to the SEC's recent court losses to Ripple and Grayscale. Then she said, so you got to watch out there. And if you saw Gary Gensler's face, I mean, those of you watching the YouTube video, just look at his face. This is going to become a meme. He just, he didn't say anything in response to her. It was like this awkward silence and his face just tells it all like, he was not expecting that. And I'm sure it cut him deep. But even, you know, journalists and mainstream media are recognizing this guy is blowing out hot air. Like you can say all those things, but the reality of the situation is you just took a big loss with Grayscale and the judges are ripping you apart. And you took a big loss in the Ripple lawsuit, and it looks like the SEC is going to take a loss in the Coinbase lawsuit. So once again, the optics and narratives are falling apart, and this is what I've been telling you guys. A big part of politics is optics. And he can shout on the top of the hill that, oh yeah, there's all hucksters, scammers, and it's all securities, but the courts are disagreeing and that's where we're going to win. Now, quick word from our sponsor, and that is Uphold, which makes crypto investing easy. Uphold is a great platform that I've been using since 2017. They have 10 plus million users, 250 plus cryptocurrencies, and they're available in 150 countries. Another cool feature is you can trade precious metals on this platform, as well as 37 Fiat currencies. You can easily swap between those respective asset classes, Fiat, precious metals and crypto. So it's pretty incredible. No other exchange offers this type of functionality. So if you'd like to learn more, please visit the link in the description. All right, folks, we also got news here that John Deaton, yes, our friend John Deaton, who has been fighting on behalf of the 75 ,000 XRP holders, well in the library appeal, remember library is now appealing the ruling, given that there's updated case law with Ripple, John Deaton has filed his notice of appearance on behalf of Amicus Curae Naomi Brockwell. So if you remember Naomi Brockwell, she served as Amicus Curae, where she was stating that how she was using the library platform to earn LBC tokens and much more. I was also, you know, using the platform the same way. We know the SEC unfairly attacked the library here, but it's all, you know, the bullshit from Gary Gensler just attacking the market, not providing any guidance, not trying to work with the market. And even, you know, commissioners at the SEC, such as Hester Peirce and Mark Ueda have been dissenting on all these actions. So it's pretty clear what's happening. Now yesterday, we talked about the SEC attacking Stoner Cats NFTs, which was founded by Mila Kunis and Ashton Kutcher. And we know it's just unfair, right? We talked about it. It's like, well, you can't release artwork anymore. What about baseball cards and sports cards, right? Are those all securities now? It's just ridiculous. Well, Stuart Eldoradi, chief legal officer at Ripple, he weighed in on the SEC's decision saying, I don't know all the facts here, but I do know that a settlement to avoid a crushing SEC process without admitting or denying anything is binding on no one. A cynic would call it a PR stunt. What matters is that when seriously challenged in court, the SEC continues to lose. He's absolutely right. But folks, as we've been talking about for years now, the ultimate goal here is Gary Gensler has been weaponized. He's a puppet on strings so that he can come in and kill these crypto startups so that his big Wall Street buddies and banking cartel buddies can come in and take over. Here's another prime example, Deutsche Bank to hold crypto for institutional clients. Well, look at that, folks. Gary says there's only hucksters, scammers, and fraudsters in this market. Does that include Deutsche Bank? Does that include BNY Mellon, Fidelity, BlackRock, JP Morgan, Goldman Sachs, right? All of them are getting involved in crypto in one way or the other. So let me give you the details here, folks. Deutsche Bank has partnered with Swiss crypto firm Taurus to provide custody services for institutional clients, cryptocurrencies, and tokenized assets. Taurus said in a statement on Thursday, the partnership means Deutsche Bank will for the number cryptocurrencies of for its clients, as well as tokenized versions of traditional financial assets, a Deutsche Bank spokesperson said, folks, see what's happening. Always watch what they do, not what they say, right? If you were only listening to the talking points of Elizabeth Warren and Gary Gensler, you may be scared, right? Let's say you're not well -researched, not well -versed. You don't listen to the Thinking Crypto podcast, right? And you're not paying attention and you're passively looking at this. You may catch some headlines from Gary Gensler and Elizabeth Warren and you're like, oh my gosh, man, it sounds like there's a lot of scams going on in this crypto market. I better not get involved. But we know, folks, watch what they do, not what they say. As Gary and Elizabeth Warren are saying that, in parallel, BlackRock, Deutsche Bank, Fidelity, all the big institutions are getting involved, right? The facts are right in front of our face. You've just got to look at the entire market holistically and pay attention to what's happening and who are making moves, who's investing, who's raising capital, and much more. So, crypto trading is not the bank's immediate plans, this spokesperson said. Deutsche Bank said it aimed to offer crypto trading in a World Economic Forum paperback in 2020. But, folks, let me give you a prediction here, which I think would be 100 % accurate, right? Just in a matter of maybe three to four years. They will all offer crypto trading. This is going to be, what is it, the 12th sector? If I'm not mistaken, I'm getting all my sectors together, right? Of the S &P. Crypto will be trading on stock markets. ETFs will be the thing. It's coming. We've seen the maturation and the growth and the adoption.
A highlight from How Bitcoin is Quietly Taking Over the World | EP 814
"Yo, welcome to another episode of simply Bitcoin live or number one source for the peaceful Bitcoin revolution. We cover breaking news culture, medical warfare. We will be your guide through the separation of money and state shout out to my legendary cohost and brother for holding it down these last couple of days, uh, go, it was going through, uh, some, some personal stuff. Um, and what I got to say about that is cherish the ones you love. Um, you know, you're, sometimes you're not going to spend, uh, that's what I got to say. Cherish the ones you love, appreciate them while they're still around. And, uh, and yeah. Um, but anyways, today's going to be a great show. Uh, we're going to cover the topic. Bitcoin is taking over the world. It really, really is. Um, it was just announced it actually, we covered this initially, uh, when it was dropped on Forbes, the article is Oman's bold Bitcoin play $1 .1 billion investment on Bitcoin mining infrastructure. We covered this during the bit block boom episode. That episode was a little, a little interesting because we were backstage and we had to talk in like golf voices and stuff. But the reason that this is so big, and we're going to dive into the details of this, the significance of this, because it is very, very significant. Is that gonna make the minute? I'm going to make the case for you guys that Bitcoin's incentives stay winning. Bitcoin's incentives are quietly taking over the world. Uh, this isn't, this isn't just had, this didn't just happen in Oman. It was a couple of months ago where we were, we covered it for you guys. Also an article from Forbes. The headline is the kingdom of Bhutan has been quietly mining Bitcoin for years, right? So you have, and this is the case that we were making. We made this when this initial news came out of Bhutan, we were trying to tell you guys like, look, this will most likely happen in other countries. Boom. It just happened in another country. And why is that? Why Bitcoin, right? Well, because Bitcoin monetizes, it gives stranded energy value, right? Nothing in the world does that. Bitcoin does that. So countries that perhaps they didn't care about Bitcoin, uh, in Oman, it's just a, it's a heavily Muslim country. You can even say it wasn't, uh, it wasn't appropriate for them to use a currency like Bitcoin. Well, they changed their minds on that, right? And this is a testament to show Bitcoin's incentives and how you can't resist them. Um, and also there's this post by Jimmy Song. I'm going to see if I could pull it up, but he was basically covering the news, uh, coming out of, of black rock. And a lot of people were, were a little bit worried that black rock was going to kind of infect Bitcoin and all that. And I never forget this quote from Max Kaiser and the quote was basically like, you don't change Bitcoin, Bitcoin changes you. And, and, and I really think that's true. Right. Um, and I think it, you know, it was originally sourced in the Satoshi white paper, um, or maybe it was a Satoshi white paper, but it went something like this, right? You're more incentivized to play by Bitcoin's rules than you are to try to cheat it. Right. So when you see these countries getting excited, when you see these countries wanting to partake, wanting to benefit from, you know, number go up technology and these crazy incentives, um, you know, the question that I have, the, the, the, the statement that I have for you guys, you know, it's not governments, uh, it's not governments that are going to try to fix Bitcoin or try to co -opt Bitcoin. It's Bitcoin that is going to co -opt governments. And that is because it is a system of aligned incentives and it is a system that rewards you more by playing by the rules than by trying to cheat the system. Um, and I think that this is a phenomenon that's going to be very strange to people because you're used to a lot of these, you know, huge container institutions or these huge countries that have these massive, uh, governments, these massive bureaucracies doing bad by their people. But I wouldn't say that it's necessarily because these are evil people and they're twirling their mustaches and they're scheming and they're saying like, ha ha ha. Uh, like, you know, like we're gonna, we're gonna do it, we're gonna do like these bad things and you know, we're gonna screw these people. We're gonna enslave people. What I think you're seeing is the result of a broken architecture of, of the broken architecture that is Fiat, the misalignment of incentives that is Fiat. Uh, so when we say fix the money, fix the world, I do not think that's a, that's a, that's an overstatement. I really believe that because I think that if you fix the base layer, if you fix the incentive structure of the world where everyone can win, um, you start incentivizing good behavior. And I think you've seen this in El Salvador. I do not think it's a coincidence. I'm sticking by my word and I know I got a lot of flack on this, but I've talked to Jimmy song about this. I talked to Max Kaiser about this when we were at bit block boom and I'm sticking by it. I do not think it's a coincidence that in the first country that made Bitcoin legal tender, the elected official is actually doing the job of which he was elected to do. And my case, my theory for that is because you have a society where the incentives are now aligned. You have a society where the base layer is now based on truth. It's not based on lies like it is in Fiat. And I think that all the evils that a lot of people will interpret it as evil that you're seeing out of the world economic forum are like, I like to call it the container conference or, you know, a lot of these, uh, these, uh, people call it the deep state. I call it the administrative state because it's right up in your grill these days. Uh, these actions that are, they seem counterintuitive like, and we're going to play you a video of, of Mitch McConnell in a second during the number segment where, you know, they're sending billions of dollars to fund wars, but then there's homeless people on the streets in their countries. I don't think that's because these people are inherently evil. They're just incentivized to do that. Why? Because of Fiat and like, think about it. If you're a politician, you get elected, what are you incentivized to do? Are you incentivized to do good by your constituents? No, you're incentivized to get as close as humanly possible to the money spigot. If you fix the money, right? If you, if you have a sound money society and politicians don't have this elite privilege of being able to create money for free that everyone else has to work for, what is their only other mechanism of raising money or staying employed? They have to go directly to their constituents and say, listen, I have an idea. I'm going to raise taxes in order to pay for this.
A highlight from The Psychology of Fear with Dr. Robert Malone
"Hey, everybody. It's The Charlie Kirk Show. Dr. Robert Malone joins us. We talk about fear, the World Economic Forum, lockdowns, masks, and vaccines. This is an episode worth texting your friends. Email us as always, freedom at charliekirk .com. Get involved with Turning Point USA today at tpusa .com. That is tpusa .com. Start a high school or college chapter at tpusa .com. Support our program by becoming a member. It's members .charlicirk .com. That is members .charlicirk .com. Buckle up, everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campus. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House, folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here.
A highlight from The TRUTH about Sam Altman and WorldCoin
"Set summer in motion with the most adventurous Honda vehicles yet, like the Passport and Pilot Trail Sport and the Ridgeline, built for better off -road performance and engineered for more adventure. Summer is here. For a limited time, well -qualified buyers can get a 3 .9 % APR on a 2023 Honda Pilot, a 2 .9 % APR on a 2023 Passport and a 0 .9 % APR on a 2023 Ridgeline. Buy online, reserved from select dealers, or visit your local Honda dealer today. See dealer for financing details. My worst fears are that we cause significant. We, the field, the technology, the industry, cause significant harm to the world. I think if this technology goes wrong, it can go quite wrong. Artificial generalized intelligence. If you haven't heard of that before, well, I'll bet you probably have even heard of or used Chat GBT, midjourney or any one of the dozens of AI tools that have been taking the world by storm this year. In this video, we're going to be taking a closer look at the man behind the curtain, the mysterious wizard of Silicon Valley, Sam Altman, and we're going to be getting to the truth about him, his companies, what they're building, and, most importantly, what it all means for you and the future of humanity. This might be the most important topic in the world right now, so we want to make sure to bring the BitSquad up to speed. Let's get it! Welcome to BitBoy Crypto! My name has been today. We're doing a deep dive on the king of AI, Sam Altman, finding out what this awkward -looking startup junkie is really all about. Samuel Harris Altman grew up in St. Louis, Missouri. He got his first computer at the age of eight. This was back in the 90s when computers were still using dial -up and Pets .com. In 2005, young Samuel dropped out of Stanford after one year studying computer science, co -founded LÜT, location -based social networking mobile application. Go ahead and smash that like button and turn on the channel notifications, which puts you in the BitSquad. Make sure you stay up to speed with the latest crypto news so you don't drop out of all the best gains in the next bull run. But as the CEO of LÜT, LÜT Altman raised over $30 million in venture capital at the business -savvy age of just 19 years old. Imagine being so rich, you think it's a good idea to give $30 million to a 19 -year -old. Anyways, LÜT failed to gain traction, but Sam was still able to sell it in March 2012 to the Green Dot Corporation for $43 .4 million. Not bad for a first -time failed startup. Just one month later, the dropout failed. The founder co -founded another company, Hydrazine Capital, with his brother Jack. And in February 2014, Sammy's startup was named president of Y Combinator. In 2014, Sam claimed that the total valuation of Y Combinator companies has amassed 65 billion. Their catalog is much more impressive than Sam's resume and includes Airbnb, Dropbox, Coinbase, Instacart, OpenSea and Stripe, among countless others. Altman set a target for Y Combinator to fund 1 ,000 new companies per year, which is so many it makes it seem like Sam is just slinging more and more bad ideas at the wall to see what sticks. In 2015, Altman donated $10 million to start Y Combinator Research, a nonprofit research lab that Sammy funded to research basic income, the future of computing, education and building new cities. All these topics seem related, almost like they're part of a larger plan. Sam co -founded OpenAI with Elon Musk in 2015 and in 2019 announced that he would be stepping back at Y Combinator to focus on being CEO of OpenAI. OpenAI has several products including Doll -E, a generative text -to -image AI tool, Whisper, an AI -driven speech -to -text tool and Codex. But the most famous AI tool that OpenAI built is called ChatGPT. A generative AI tool that returns text, images or videos in response to user input prompts. Now, you input your like and subscribe to the channel to get the latest in crypto news. About 27 % of y 'all aren't subscribed. I don't get it. Now, I don't have time to get into exactly how all this AI stuff works, but just from some basic understanding, generative AI is a broad term for any AI system that primarily creates content. Large language models or LLMs are a type of AI system that works with language and draws from a large set of data and computational power. These can create a foundational model which is a term for AI systems that can be applied to a range of purposes. So ChatGPT is a foundational generative AI model that's based on a large language model. Okay, so sorry if that was confusing. I think this stuff is pretty cool, and it's important to understand what all these geeks are talking about with this stuff. I got to research it. I guess they know it intuitively. Moving on. ChatGPT was so popular that it reached 100 million users just two months after launching in 2022, which set an all -time record for user adoption. In response to this unprecedented user demand, Microsoft, a longtime investor in OpenAI, decided to increase their investment and extend their partnership, announcing in January 2023 that they would be investing an additional $10 billion into OpenAI. By now, you might be wondering, Ben, that's all great, but what does Sami have to do with crypto? Back in 2019, when he stepped away from Y Combinator to run OpenAI, Altcoin Altman also co -founded Tools for Humanity, the company building a global IRIS -based biometric cryptocurrency system called Worldcoin. What is Worldcoin? Well, according to Sam, Worldcoin was conceived as a prototype for universal basic income, which Sam sees as inevitable due to the rise of the technology that Sam keeps building himself. Also, it seems like if he would stop building all these things, then we won't have to depend on him to protect us from them. So weird. Sam tried to keep this project quiet at first, probably because it sounds so evil, but the idea simply is this. Users get paid in Worldcoin in a wallet they can use in the Ethereum ecosystem and runs on Optimism's tech stack. WLD tokens will be claimed by people and to verify your identity and unique personhood, Worldcoin wants to scan your IRIS using a super evil -looking silver camera called The Orb. I swear you can't make this stuff up. Worldcoin has a kiosk in Barcelona, offering free french fries in exchange for scanning your IRISes. Good thing I only eat freedom fries. Some offer a $10 rebate on purchases. Some offer a chance to win a new car. Where's Bob Barker when you need him? But whatever paltry bribe Sam Altman and his Worldcoin henchmen are offering, I guarantee you that it's not worth it. Details on this project are still deliberately being kept under wraps, but basic human intuition should tell you whatever they're up to, it's dystopian at best and an evil conspiracy to control the world at worst. My friends at Altcoin Daily said it well. Your eyes will be scanned. You will give up your biometrics data. You will accept your UBI and WLD coin. Sounds like exactly what the World Economic Forum has been planning for years. The scariest part? It's working. Hundreds of thousands of users are being quietly onboarded to Worldcoin in exchange for one of Sam's silly little bribes. According to Nansen, Ethereum layer 2 scaling solution, Optimism Arbitrum surpassed in daily transactions for the first time since January. The spike in activity began on July 24. The same day Worldcoin token went live on the Optimism mainnet. Although Worldcoin is careful to try and hide this information, they definitely do not advertise what's really going on. If you look close at the privacy deep dive section of their website, you'll see they say they're collecting a lot more than just users' irises. They need lots of data to make sure that the orbs are trained to recognize eyes regardless of who had scans. Initial scans targeted mostly children in developing countries like Chile, Indonesia and Sudan. I'm all in favor of decentralized digital identity, but there are a ton of great projects that are working on solutions for that. And none of them have relied on this creepy system of bribing poor children in third world countries so they can harvest their biometric data. There has to be a better way. Now, if you're like me, this kind of behavior by one centralized company, especially a company run by Sam Altman, the man trying to build the world's first AGI, it should worry you. Apparently, it worries European regulators too. Last week, French privacy watchdog group said the legality of this collection seems questionable as to the conditions for storing biometric data. They're coordinating their ongoing investigation with German authorities as well. Britain's information commissioner's office also confirmed that it was making inquiries. Even Ethereum co -founder Vitalik Buterin warned Worldcoin has major issues and pointed out that iris scans could inadvertently expose a person's sex, ethnicity and maybe even their medical conditions. Talk about a privacy risk. How many of you incels living in your mom's basement want people to know that you never even had sex? Oh, that's not what they're talking about? Despite what seems to be nearly universal concerns about Worldcoin's operations, Altman says they're going strong and onboarding one new verified person every eight seconds. That's a bull run. A bull ride. Crazy to think about, but at that rate, it would take them five years to get to 20 million users. So Altman's plans to 5X Worldcoin's onboarding capacity, well, it's going to be done by the end of the year. And now we get to the most interesting part of the story to meet anyways, and that's Altman's ongoing and highly public feud with the Dogefather himself, Elon Musk. A short version of how this conflict started is in 2018, Elon approached the other founders of OpenAI and expressed concern that the company had fallen hopelessly behind Google in the quest for AGI. Musk proposed that he take over OpenAI in order to catch up. The other founders rejected his bid. Musk eventually left the company and withdrew his funding. Altman eventually took over, and the two have been in competition and even some conflict ever since. When Chat GBT launched in November of 2022, OpenAI instantly became the hottest name in tech. Musk was reportedly furious. In December 2022, Musk pulled OpenAI's access to Twitter's data, ending a contract sign before Musk acquired Twitter. February 17, Elon tweeted, OpenAI was created as an open source, which is why I named it OpenAI, non -profit company to serve as a counterweight to Google, but now it has become a closed source maximum profit company effectively controlled by Microsoft. On March 15, he tweeted, I'm still confused as to how a non -profit to which I donated about $100 million somehow became a $30 billion market cap for profit. If this is legal, why doesn't everyone do it? That's Bill Gates. He does it. Altman finally fired back in an interview saying about Elon, I mean, he's a jerk, whatever else you want to say about him, but I think he does really care, and he is feeling very stressed about what the future is going to look like for humanity, which is very interesting because a lot of this sounds exactly like conversations I had with Sam Bankman -Fried around the time of the FTX collapse. Things he said about me to me and to other people was he knew that I really cared about the stuff that I was talking about, but I just was going about it the wrong way. Very eerie similarities there. The reason for their dispute though seems to come down to both men wanting to prove themselves. Elon wants to be the man who took down Google and Twitter, and Altman seems to just want to make up for the fact that his first startup would fail. He tweeted in February, I failed pretty hard in my first startup. It sucked! And I'm doing pretty well in my second. The thing I wish someone told me during the first one is that no one else thinks about your failures as much as you do and that as long as you don't psych yourself out, you can try again. It's crazy the two guys with such big brains can be still so small -minded. So we talked a lot about Sam Altman, but what's the takeaway here? What's really at stake in this story? Well, I think it goes back to where we started. Fear. Altman is a prepper. He said in 2016, I have guns, gold, potassium, iodide, antibiotics, batteries, water, gas masks from the Israeli Defense Force and a big patch of land and big shore I can fly to. What is he prepping for? Well, he doesn't say. But the key is the answer to that question was asked in Congress on May 16, 2023. What's his biggest fear? My worst fears are that we cause significant. We, the field, the technology, the industry cause significant harm to the world. I think if this technology goes wrong, it can go quite wrong. So it's clear that Sam is consciously aware of the risks of what he's doing, but he's doing it anyway. He's taking an attitude of technological determinism, the idea that anything can be done will be done. So why not do it first? Why not create the tools for a dystopian nightmare future and then have all the power you need to avoid it right there in your hand? There's just one problem with that. If you believe in technological determinism, you also believe that the path of technology is the same for everyone, which means that anyone else could go down the same path and beat you to the prize at the finish line. And what's that prize? Well, if you ask Sam, artificial general intelligence, AGI, which means a piece of software that combines solutions to new unfamiliar tasks, basically code that can actually think. It's likely that the creation of such a piece of technology would lead to what's known to sci -fi nerds as the technological singularity, got in a box. The singularity refers to a point at which technological growth becomes uncontrollable and irreversible, resulting in unforeseeable changes to humanity and civilization. OpenAI published a paper in April concluding that the latest OpenAI model exhibits many traits of intelligence, including abstraction, comprehension, vision, coding and understanding of human motives and emotions. In June, The New York Times published an article alleging that many leaders of Silicon Valley are becoming concerned that the singularity may already be here, and we just haven't realized it yet. Altman himself stated during his recent appearance on Lex Freeman podcast that he believes that multiple teams will create AGI while working on different projects in different parts of the world at roughly the same time. In other words, Sam isn't just worried that he won't get to the singularity first. He's worried that even if he does, his creation still won't be enough to save him from itself. And that's Sam Altman's worst fear. Sam once tweeted, AI is the tech the world has always wanted, but we don't want it if it means we have to let him scan our eyes and unleash something on mankind that has the power to take over every aspect of our lives before we even realize we've lost control. Let me know down below in the comments what you think about Sam Altman and his plans to control the future of civilization. And let me know what you think about AI and which projects are using it in creative ways that might give them an edge in the next bull run. And most importantly, Sam Altman vs Sam Bankman -Fried in a cage match, who wins? That's all I got. Be blessed. BitBoy out.
A highlight from Algo Solving Climate Change! (XRP Transactions EXPLODING)
"Thank you, Hillary. And our 72 other friends. Hillary. Hillary, Barack, Joe Biden, thank you for your service. Yes. Thank you for your service, guys. This is Hillary Clinton's face when she's trying to do a serious show. Like I am. It's what it is. Okay. Watch out for Mr. Labs, guys. Watch out for it. They have a scammer at the head. I don't know if she's a scammer or he's a scammer. I don't know. I don't want to disgender. Cisgender? No. Disgender. Ungender? Sorry. We're getting in interesting territory. Is Al Goren teaming up with the Clinton Foundation to fight climate change? Now, I think, are we going to show that meme, BJ, during this? I mean, it's very serious. Well, I would actually say this is serious. We came, we saw, he died. And that is from Hillary Clinton, obviously, referring to Osama bin Laden. Thank you, Hillary. And her 72 other friends. Hillary. Hillary, Barack, Joe Biden, thank you for your service. Yes. Thank you for your service, guys. Sorry. Is Al Goren teaming up with the Clinton Foundation? Now, Al Goren is a very liberal project, just so everybody knows. Zoe McCalley is from MIT. They're very liberal. Very liberal. They love climate change. Love climate change. Same value about them. I don't hold it against them. I just understand these are liberal people that are running the project. Have at it. Teaming up. I don't hold against them. I don't think this is a big, you know, super bad story. And I think with joining with the Clinton Foundation, I'm going to bury that one. I'm not going to say it. I'm not going to say it. So did she. B .J. You're getting a little off there, B .J. B .J. Trying to keep this reined in. Just giving people information. Giving people information. Giving them what they want. Yes. This is what they want. And letting them decide for themselves. And we could, like, we could revamp the show. We could move to like a two joke maximum. Go to a two joke maximum. A one story, two joke maximum. Maybe the people like that. We start finding ourselves every time we go over. Absolutely. Two jokes. Yes. Absolutely. Absolutely. Al Grant Foundation behind Algo has come under scrutiny after Altcoin Daily posted a video today. Al Grant was wearing collaboration with the Clinton Foundation. Guys, this is not new news. You know this is not new news, right? You know we covered this story three months ago. Do people know that? Like, oh, my God. This is Hillary Clinton's face when she's trying to do a serious show. Like I am. It's what it is. Guys, this is not news. We broke the story three months ago. I remember AJ came in one day and was like, you know, AJ, I love AJ. AJ's great. I trashed him earlier. I'm going to lift him up a little bit here. Okay? Me and AJ have our own show coming soon. Yeah. It's going to be a very serious show. As all of our shows are. He's like, man, I don't know what to think about this Clinton Foundation stuff. This is bad. Al Grant's getting with the Clinton Foundation. I love Al Grant. This is bad. Wait a look, Doc. I said, it's not bad. I mean, people can have these relationships. Where they want. Like, guys, it's a liberal project. Of course, they want the Clinton Foundation involved. It doesn't mean it's evil. Just because someone's partnered with the World Economic Forum does not mean they're evil. Just because someone is in the World Economic Forum does not mean they're evil. We don't know. There could be some good people in there. Maybe Fox is in there now. Potentially. I don't know. But, guys, people partner with a lot of people, you know? Plenty of YouTubers out there promoted FTX. It didn't mean they were bad people. Maybe they didn't know. Maybe they didn't know what. Actually, they didn't know. None of the YouTubers that were talking about FTX all the time and promoting it knew what was going on. Nobody knew. We are the first people who started having some suspicions and putting it out there outside of refinance. So you can't really judge them for that. So, look, at the end of the day, Al Grant is a very environmentally focused blockchain. Okay? So, it makes sense. They're trying to be the fastest and the most efficient. So, see, back in February. Oh, I said three months ago. I mean, this is longer. It was six months ago. Six months ago this happened. Kicked off the week with the Clinton Foundation and the Globe. So what I'm saying is, guys, this is not new news. It's old, they call it. Well, it's almost a joke. I'm sorry, guys. I apologize. XRP makes over 1 million transactions daily. One was six euros behind it. Here's why it matters. On August 8, data retrieved by Finbowld, which I've always wondered what Finbowld means. I've always been confused on that. From BitInfoCharts, and you see BitInfoCharts, they clearly distinguish with capital letters. I like that. Shows that there were close to 1 .28 million daily transactions on XRP Ledger as opposed to 1 .09 million for Ethereum. Bitcoin, the leading crypto, lies far behind. We love it when things are behind other things. We love that. Because it shows potential. It shows potential for what could happen.
James Lindsay: Stop Waiting, Start Fighting for Constitutional Freedom
"How can we as freedom loving advocates for God given constitutional liberties and freedoms for everyone What's the best way for us to fight back A lot of us are just like gosh why can't we just get rid of this plague on humankind Well listen first of all we got to get rid of that hubris that we're going to get rid of this plague on humankind because if I'm not mistaken it's the same story that's in the third chapter of genesis So it's the oldest second oldest story in humanity and it's not going to go away But we do have to fight it and we have to fight it in every generation So you already said the first thing freedom of Americans can do which is that they have to get off the couch They can't keep waiting for somebody else to do this They can't keep waiting for this to blow over And they have to start getting active civically They've got to start getting informed They've got to start learning about this telling other people about it organizing look at the group moms for liberty You got like a 150,000 moms moving in two years You've got to start doing things like this You got to figure out where can I help And you have to ask yourself you know what am I good at Everybody's looking at Klaus Schwab and they're thinking oh my God this is so big Hell in the world Can I touch something as huge as the World Economic Forum or the United Nations or the Biden administration that's out of my hands But your children are not out of your hands and they need your kids to move this ball forward So you need to protect your families You need to get involved with the kids in your community and your neighborhood and teach them right values teach them skills There are all kinds of things people can be doing And what you need to do is figure out what you're good at and what's close by and do the next right thing over and over and over again If you have the ability like you do on your show to reach out and expose things or make things happen you have to aim for the highest link on the chain that you can reach but don't try to reach a link on the chain higher than you can reach or just frustrate yourself So if you can expose something in the Biden administration because you have a big reach go do that If you can only help the kids in your neighborhood because that's as far as you can reach go do that But there's no sitting on the couch
Elon Musk Names Linda Yaccarino New Twitter CEO
"Gonna shift over to Twitter right now, breaking news this morning that there has been a new Twitter CEO selected former NBCUniversal exact Linda ocarina will be the Twitter CEO as confirmed by Elon Musk on Twitter just now. So yeah, some new leadership there. What do you guys think? Does this dash some of the hopes of a more crypto or web three powered Twitter? This is a ad exec from NBCUniversal, a Titan of traditional media and advertising. What do you think this means? What is it portend for Elon Musk's Twitter? Jen, what do you think? Well, I want to mention that binance just tweeted welcome to Linda and said, let's purge the bots together. I wonder if there are some partnerships in the works who knows maybe they are just welcoming her looking at her history, her expertise in ad revenue at NBCUniversal. I can only think that Twitter is looking at their numbers and looking at how to get some of those advertisers back who have left over the past month because of the several different controversies that have to do with both the product and the people at Twitter. I pulled some numbers that axios reported on. I don't know when they reported on them, but I pulled them earlier today. So they said back in October, Twitter projected revenue for 2023 to be at 4.7 billion, and then they adjusted that projection in March 2, 3 billion. And so I think they're looking at how to get more revenue to their platform. Maybe do some image revamping. I think it's also important to note that Elon's not really going anywhere. He's going to be the CTO. He's still going to be part of the executive team, and he's going to be executive chairman, so I think he's going to have some he'll still have some sway in what's happening. And I really hope that the crypto angle doesn't go away. I don't think it will. I mean, Elon recently made the Twitter logo doge binance is tweeting about it. Linda has some experience at the World Economic Forum. So I hope that they continue to think about how to incorporate payments into Twitter and innovate. And so I am excited to see what happens next.
Advancing Global Crypto Innovation With Sheila Warren
"It was just about three years ago that our guest today was last on the show, and at that time she was the head of blockchain for the World Economic Forum, where she occasionally interface with the clause Schwab, it's a bugs and you will be happy and she is now with the crypto council for innovation. She is the CEO and her name is still, Sheila Warren, Sheila, welcome back to the show. Thanks so much for having me and Joel and Travis. You've idea of eating the bugs? No? The time had come for a change and been almost 5 years and I really wanted to be in a place where I could always say what I truly, truly thought, which as you know, I didn't really hesitate to do at the forum. I got a long leash there, but I wanted to be more of an advocate that I felt I was able to be in an organization that was that's objective. That's actually officially objective. Very nice. Yeah, so now. So this is cool. So you have to was a crypto for innovation dot org. Crypto counsel for innovation is crypto counsel dot org. Same Twitter handle as I always had at Sheila underscore Warren. But yeah, I've been in this role now for a little over a year. And we are an evidence based advocacy organization that's focusing on trying to get sound crypto policy around the world. I mean, really. So it isn't really that different, I think, from what my goals were in previous roles, even predating the forum, just trying to get responsible policy in place. But the strategy I can use now is obviously very different. Do you feel like your hands were somewhat tied with the WF, where, you know, because what you're trying to do is you're trying to eat an elephant, right? You're monitoring and changing policy all around the world. You're not just like Caitlin long and saying, all right, let's do Wyoming. Let's go everywhere. And so this is far for you more freedom and liberty to do what you want to do. You know, yes and no, right? 'cause I think here the connections that so that's a really interesting question I love that you asked that. So the answer is always complicated and I'm a lawyer by training so you don't ever get to give you a yes or no answer. But it is yes and no. It's yes from the standpoint of I truly believe that crypto governance, crypto economics, the blockchain, are all going to underlie most of our systems moving forward. But I think the connection with other systems is actually even more important now than it ever was.
Caller: Dems Have a Bigger Agenda for a 'New World Order'
"I think there's a bigger agenda here. I don't think they're all stupid. I think they know what they're doing. I think they're very shrewd and the problem is that this is all the new world order, you know, I don't know if you believe that, you know, the World Economic Forum. It's happening here in Nashville with the one way streets that they say that bicycles is no bicycles on the street. There's more traffic because of they come up with these traffic ideas. The problem is they want everything to break down so they can bring in the idea of we need the national police that we can control, they're not going to say that. No, but you're right, and it's intentional. And Maryland is right. It is intentional. That's why it's so evil. That's why I use the word evil so often, and I'm sorry that Marilyn missed it. But it is intentional. It's deliberate. This is an accidental
Bob Frantz on the Epicenter of the Assault on Manhood
"So you described for us this fascinating voyage of yours after 9 11 that you kind of woke up to a new priority and then you did your own research, your own investigation of conservatives, peace through strength, the Reagan model. As such, you probably have an idea as to where the assault on masculinity on manhood comes from, where these ideas such as toxic masculinity come from. There are often options out here, so many things to choose from. The mainstream media, Hollywood, the schools, political parties, in your analysis, as you view this in the last couple of decades, where do you think the epicenter of this assault is? Where is the place where we're most of this is originating? Well, I think clearly it's the globalists. You know, it's coming from outside of this country, but with the willing assistance of those inside this country who want to see this country taken apart and who want to see it destroyed, who want to see a one world government. I'm not breaking any new ground here, especially if not for somebody like you when we talk about what it would take to destroy this country to defeat a two as what did Barack Obama call it fundamentally transform it. And as we all know, you don't fundamentally transform things, which means to change the things that you love. You want to keep the things that you love the way they are. Can you imagine trying to ask a woman to marry you and say, by the way, why don't we get married? I'm going to change you into something else that I like better. That's not going to work. You didn't love her in the first place. There are people in this country who don't love this country, who want to see a changed, who want to see it destroyed and rebuilt in a collectivist type of society, and they're working with global organizations. And I do truly believe that when you think about the Gates family foundation when you think about the World Economic Forum, when you think about the World Health Organization, all of the, you know, the usual suspects that are working to establish a one world government know that this doesn't work without the United States participation in the United States as long as we continue to remain the same civilization that we built or that we started from with again with that super strong building block of the family, we will continue to press on and we will continue to survive. We will continue to thrive.
"world economic forum" Discussed on KAILASH HAZARI IAS ACADEMY /ADMINISTRATIVE CONSULTANT SERVICE (WORLDWIDE)
"Hello, Friends. And while meeting of the world economic forum, the annual meeting of the World Economic Forum was held in divorce. Between January 16th to 22,023. Edison, this was the 53rd Edison of the World Economic Forum and non meeting, participants, the meeting was attended by 30 two. Leaders, 700 countries. Including heads of government of 52 countries theme, cooperation in a fragmented world, new initiatives launched, giving to amplify earth action. This is a global initiative launched by the World Economic Forum with the support of more than 45 partner countries. It will help achieve the dollar 3 trillion needed and will lead to tackle climate change and environmental degradation. Collision of trade ministers on climate, it brings together more than 50 countries to promote the international co present on climate trade and sustainable development. Global collaboration, village, this is the first purpose enabled and global middle earth platform launched by the World Economic Forum. In collaboration with. Engine and Microsoft. It aims to create an innovative virtual space to promote international cooperation.
"world economic forum" Discussed on The Charlie Kirk Show
"The World Economic Forum that recently met, like you said in Davos, they produce they published a bunch of papers, but one of the papers that they put out was a discussion that they had regarding the role that faith plays in the World Economic Forum. Now you see Jack, what are you guys talking about World Economic Forum? A gathering of some of the world's most powerful financiers, bankers, politicians, movers and shakers will sum it up that way. These people go there and they get these ideas from globalists, then they come back to their countries and they also speak attempt to speak the same language. Environmentalism, socialism, whatever is them. Let's all talk these talks. We go there to Davos, we unify our speech, we try to assemble what was dissembled, we're trying to put it together, and then we're going to launch it in the world and talk one language. What's very interesting is, and I just read it today on faith, they recognize that faith is a vital role to the human machine to humanity. And they seek to work with faith based people, individuals, because it's such a vital role. They said that they want to meet with faith leaders of the world. They said that they want to have a dialog with them. And then they published, I think it was 7 concerns that the World Economic Forum has regarding religious people. And they listed them. And one of them, I'll bring up a few of them. They're in my memory right now. One of them is that one of the problems with religious people that they need to get over is that they are not willing to experience change. Well, I disagree. Jesus changed us dramatically and radically. They said that religious people are hard determined and set on the belief that abortion is wrong and that globalism is wrong. That needs to change. So watch what they're doing. They're embracing. This is kind of scary, and then I'll let Charlie go. They're talking about faith and the need for it, but they want to control the dialog and the issues of what faith is defined as, and so when you read it, you come away with this. Watch out for pastors who are globalist minded. You say I would never listen to a globalist minded pastor. There are pastors who are embracing, for example, socialism. There are pastors who are embracing racism. LBGTQ at whatever. How did this happen? It's part of a global agenda and it's happening worldwide at the same time. Absolutely remarkable. They said it. They're not hiding it. The question is, wherever you, fellowship, is it happening in your religious denomination or faith based group, you need to be careful. These days are here. Yeah, I think you'd be shocked at how many pastors even here in Southern California, dialog with this Rick Warren went to the World Economic Forum multiple times. I get in trouble for saying that out loud. So can I Warren went to the world? I want to say. In fact, you can look at the clips. He's Trump. He's telling me with all of them. He's a sweet person. I know many of you know him. I have yet to he's not the only one. I've yet to receive a sufficient explanation for that. Make sure you guys can. So, and he says I was ministering to them. You know, he was on panels and talking about how important it is what they're doing, which what they are doing is malevolent and sinister and wrong and evil and against everything we as Christians believe in and everything that we should be doing..
Pastor Jack Hibbs on the Role of Faith in the World Economic Forum
"World Economic Forum that recently met, like you said in Davos, they produce they published a bunch of papers, but one of the papers that they put out was a discussion that they had regarding the role that faith plays in the World Economic Forum. Now you see Jack, what are you guys talking about World Economic Forum? A gathering of some of the world's most powerful financiers, bankers, politicians, movers and shakers will sum it up that way. These people go there and they get these ideas from globalists, then they come back to their countries and they also speak attempt to speak the same language. Environmentalism, socialism, whatever is them. Let's all talk these talks. We go there to Davos, we unify our speech, we try to assemble what was dissembled, we're trying to put it together, and then we're going to launch it in the world and talk one language. What's very interesting is, and I just read it today on faith, they recognize that faith is a vital role to the human machine to humanity. And they seek to work with faith based people, individuals, because it's such a vital role. They said that they want to meet with faith leaders of the world. They said that they want to have a dialog with them. And then they published, I think it was 7 concerns that the World Economic Forum has regarding religious people. And they listed them. And one of them, I'll bring up a few of them. They're in my memory right now. One of them is that one of the problems with religious people that they need to get over is that they are not willing to experience change. Well, I disagree. Jesus changed us dramatically and radically.
"world economic forum" Discussed on The Officer Tatum Show
"Call in and chime in as well. 8 four four 9 zero zero 72 43 8 four four 9 zero zero 72 43 is the number to call in. Respondents were given four possible responses, and they were. One. A severe hardship. Number two, a moderate hardship. Number three, no hardship. Number four, not sure the polls margin of error is about two point plus or -2.8 percentage points. The answer came back loud and clear. 77% said inflation is causing their family hardship versus just 19% who said it isn't and only 4% who said they aren't sure of those who said they are suffering from inflation, 24% called it severe, where, while 53% termed it, moderate, close quote. Most notable was the unanimity across all groups among the 21 demographics, demographic groups tracked regularly by tip, only those over 65 years of age came in below 70% as 68%. Every other group was at 70% or higher. This one poll where Republicans Democrats and independents all see eye to eye with 75% of Democrats, 81% of Republicans and 75% of independents saying they suffer the wrath of out of control inflation. Whites suffered at a rate of 77%. Blacks at 70, Hispanics at 78, male 77 compared to females at 75% of those who earned under $30,000 a year, 78% and those who earned 50 to 75 K a year, 80% said they were suffering urban dwellers 79% in suburban dwellers 73% rural dwellers, 80%, all feel the pinch. When it comes to inflation, no party, no sex, no class, no racist, or exempt basically. Home sales have tainted his mortgage rates more than doubled with annualized sales of new homes are off nearly 40% from 2020. You will own nothing and you will love it. According to the World Economic Forum, do you realize what they're doing? These people are repossessing the American Dream. That's what they're doing. That's what
"world economic forum" Discussed on Liberty Station
"Well, I think you mentioned at the top that you're the opponent of the great reset. And I love that because you want to talk about revenge of the nerds, the great reset the World Economic Forum is a classic kind of example of what happens when you let one of the virtues run riot without being balanced by the other virtues. And I say this as a self proclaimed card carrying grade a nerd. I have no leg to stand on when it comes to accusing people of being dorks or dweebs or however you want to put it. But I will say that the classical way of understanding this and I get into this a little bit in the book. Is to look at the human person as a whole. And the only way you can do that is if you understand that we have souls, we're not just kind of inflections of attributes or streams of different ideas. We're not just flesh. We're not just meat to be rearranged at will. We are embodied souls, the soul is the governing principle that gives structure and formed everything that we are. And what that means is we are a kind of thing. We are rational animals, human beings. And we have something that the Greeks would have called arete, which is excellence. That's where we translate. We eventually get our word virtue out of this idea that there is such a thing as being good and bad at being human. And crucially, we think that the smart people rule the world, you got to go to college if you want to succeed in life and so on and so forth. But this holistic idea of the person, the total person, the embodied soul. We are not just brains in jars and even our minds can lead us astray, no matter how smart and sophisticated we may be, you need other virtues too. There are four cardinal virtues that the ancient philosophers identified.
"world economic forum" Discussed on The Financial Guys
"They're crazy. They're a racist. You know who else, my wife, my wife woke up yesterday morning to the Sunday morning, whatever it was, to the news that Dave Hollis died. Dave Hollis was part of the motivational speaker with his wife. They ended up splitting Marcy went to the conference for three days, so she met the guy. 47 years old, healthy, died in his sleep, her stop. And I said they were right off the bat. I'm like, I'm sorry, but safe and effective. Another happy customer for Pfizer. No, you don't know. Was that I'm like, you read it up. I'm sure it was, I bet it was suicide. She reads up on it. Heart problems died asleep. How many stories are he wasn't hit? What's the football player? Didn't have an impact. Wasn't get impacted at the very first exact second that your heart bullshit. He died in his sleep. How many times are we going to hear 40 something years old died in her sleep? Over. And over and over again. And so I can't talk about it. Nope doesn't see here. Think about what we do know for just a second. Conspiracy theory otherwise. We do know for a fact that many food manufacturing plants have gone up in flames. Several of which were struck with airplanes. In fact, while Tucker Carlson was doing a report live on air, at that moment he was talking about a plane that had hit a food plant, another plane had hit another food plant. Not normal folks. We know that's fact number one. Okay, just think about the facts that we know for a second. Number two, we know that the World Economic Forum, and these elites expect us to eat bugs. They have said it repeatedly. It's on their website.
Naomi Wolf on the Corruption of Covid-19 and the Globalist Agenda
"A simple person in many ways. And I just have to over and over and over, you know, repeat the obvious or try to remind myself I'm not I'm not dreaming this. I'm not making this up. This is real. You have bravely and brilliantly uncovered what is happening because there are millions and even billions of people around the world wondering what is happening and it points you said very clearly very obviously very darkly to China. Wanting to kill Americans and westerners and to destroy us. And we can talk about that for a long time. But we were just touching on how that relates to the globalist agenda because again, the way evil works, it's never simple. You have various things. This is how the Nazis took over. You have greed. You have fear. I mean, pure greed, somebody says, I can get a lot of money if I keep my mouth shut. I'll take the money and keep my mouth shut. Or if I say the wrong thing, I'll get in trouble. So I will keep my mouth shut. So you have all these different things going on, I can understand why the Chinese would want to do this that makes perfect sense. But link it as we were just going to the globalists agenda because they have obviously been working over time to help. Yeah, it's an alliance. And in my book, the bodies of others, I spelled that out. It's, of course, the World Economic Forum, which Klaus Schwab, the leader of it boasted that he has graduates in cabinets all over democracies around the world, and we've seen them from Trudeau to Ardern, and so on. It's the World Health Organization, which is funded by China and Bill Gates overwhelmingly that has been in lockstep with China. I mentioned the Bill and Melinda Gates Foundation. It's a big tech as well. I mean, big tech is invested in the vaccines. And big tech as the bodies of others showed is up net 23% net revenue in 2020 to 2022 till the pandemic lifted. Because of the advantage to big tech of locking people in their homes.
Will Hild: E.S.G. Is a Scam by Far-Left Progressives
"This. They've read about ESG. They've kind of heard about it. It's kind of in the background. What does let's get right to what ESG stands for and how and why ESG came into being? Certainly. Well, ESG stands for environmental social governance. And it's billed by its proponents as just another type of investing strategy. So something like value investing that Warren Buffett is famous for or momentum investing or technicals looking at technicals. But what it really is is a stocking horse for far left progressives to shoehorn their politics into the corporate boardroom. And so what they do is they take public dollars that are being managed by companies like BlackRock and state street and Vanguard, but BlackRock being the worst and the largest. And they use that money to force things like net zero carbon emissions targets on the companies like Exxon, for example. And this raises the costs of everything from the grocery store to the gas pump or American consumers. It is a huge burden on American consumers and it is going to reduce the shareholder returns for these pension funds. So the whole thing is a scamp, and what we really need to do is to be is to be pushing back on it because this sort of World Economic Forum type agenda that we've seen where we're all going to meet is going to be a treat and we're barely going to get to drive our cars. This is being driven by this ESG strategy.
Larry Taunton Reports From Poland on His W.E.F. Experience
"Our friend Larry, Taunton. Whom you know from this program, he is now in Poland. He was just in Davos, Switzerland with the Antichrist convention. Or whatever they call it, Larry, thank you so much for making the effort all the way from Poland to be on this program. Hey, great to be with you, brother. What part of Poland are you in, sir? I am in Warsaw, and I've been here with Ukrainian refugees almost exclusively women because of course the men were required to stay in fight. And just trying to get a look at what's going on there. And it's very interesting. Well, I want to talk to you of course about where you just were. You were at the world economic forum, I am, again, amazed that you made your way there, we've got a few minutes, tell us what did you see and hear, what are you thinking? Yeah, Eric, you know, you learn from experience that there are some things that you just can't deduce not being there. They're just certain experiences that you're going to get. Things you're going to understand by just having boots on the ground. And that's the way I felt about Davos by going there. I thought, you know, I'm probably going to get some insights here that I otherwise would not get. Now let's be clear, the World Economic Forum, there were over 50 heads of state at this particular gathering. There were more than a 115 billionaires, 600 plus a major CEOs in about 2700 attendees. And my approach here, rather than doing what in some ways you and people at home probably had a better idea of what was going on with the big picture than I did. You're in an individual session or something and you don't see the big picture of what's going on. But that stuff was being covered very well by other people. My approach was to try to get some idea of the people who are attending and the big ideas that are driving the forum. And of course, at bottom, it is utterly atheistic.
"world economic forum" Discussed on Bloomberg Radio New York
"I think one of the mistakes of business is to have a 180 different metrics for ESG. We have one. This should be universally accepted. And we should also have more brands report out on okay, because I have a purpose, like you're going to leave or actually keeps track of this. They say that brands with purpose have 10% higher sales than the ones without. So again, these are metrics that you're investors care about. I am curious, you know, when you do these trust barometers, Richard, how does it jive with maybe the conversations you are hearing in Davos or does it? So today I sat around with a bunch of people in money management. And one of the really important conversations was about the green transition and the necessity of being public capital as well as private capital and so I stuck my hand up and I said, well, if you're going to take public capital, then you're going to have to have a new audience, which is the public. And the mass class divide on attitudes towards institutions is epic. It's nearly 25 points in the U.S. between the top 25% of earners and the bottom 25. That's the biggest that's ever been. And that's because people at the bottom have been really impacted by inflation. And it's the heat or eat expression that you hear. And that's the real world of what people are feeling. And so inequality and this idea of opportunity. That's what's causing the United States to be moving into a place of polarization. And if you don't feel hope for the future, if you really feel that you can't get there, then we're in a place of dysfunction. Well, let's talk about solutions to this. If you were advising policymakers on ways to sort of decrease the delta that you found in the latest trust barometer. And Richard, this isn't the first time we've talked to you about this. I mean, this has been an issue that you've talked about for a couple of years now, at least. What would you advise them to do? Well, first is, I absolutely think that we've got to insist on business and government working together on privacy and security and data or on retraining and reskilling. There's going to be a lot of job loss to automation in the next decade and we have to upscale our community colleges. Those that so business and governments number one. Number two, we've got to get quality information in the hands of people. There are too many people who've really written off experts during the pandemic. And they've written off government because they feel like they were lied to or something else. And they refused vaccines. Well, they're extrapolating that to other parts of their lives. We've got to get them back on the beam with, okay, here's the facts about the new subway or whatever. And deliver. And then I guess the third thing is, I really think companies should stop supporting platforms in the media that spread this information. Wow. That's a really important thing. We've got to get facts in front of people. Is there any Media. that you would say specifically is really problematic right now? Just got about 15, 20 seconds. Well, I mean, again, in the far extreme InfoWars and people like this. And so again, good information yields trust, which enables action. Richard, we've got Iran's enjoy your time at the World Economic Forum in Davos, look forward to catching up with you again in the near future. Richard Edelman, CEO of Edelman from Davos. Let's get to
"world economic forum" Discussed on Bloomberg Radio New York
"The balance that you bring. And but there is moments to invest. There is absolutely moments to invest. Are you expecting a precipitous drop in inflation? We are expecting that every month, we will see a further decrease. I think that inflation at higher rates than what we're used to is here to stay. And there's a reason for that. If we truly look at what has happened to us in the world over the last three years, we do think that we're going into the era of security. It's energy security. It is about food security and it's about technology security. For that, part of the supply chains that we are still dependent on will have to be rolled back, which basically means you bring labor back. You have to invest. The energy transition is still at its infancy as this start. I do think that inflation will be higher than what we are used to in the past. So it will not come down to the 2% that we are used to if it's higher inflation than we're used to than rather corollaries that is higher interest rates for longer. Do you think we make it to 5% and over 5% and stay there 2023? I actually think that it will peak around in dollars, right? 5, 5%, year over around the 3% Swiss franc or what around one and a half percent. And then I do think that that will come off the policy of hiking further. Maybe stabilizing. See what damage it brings to the economy and then lower again. And that was UBS CEO Ralph hamers speaking with Bloomberg's bannis cranny. You can catch the full interview and all of our conversations from Davos on Bloomberg dot com and on the Bloomberg terminal. Right now, S&P futures are down 12 points. Staff futures are lower by 84 NASDAQ futures on the decline by 48 points. The ten year treasury is down 1430 seconds for yield of 3.55%. Up next we get ready to hear from Goldman Sachs and Morgan Stanley plus much more from the World Economic Forum in our 5 30 news. First, let's take
"world economic forum" Discussed on Bloomberg Radio New York
"Senator Raphael Warnock serves as senior pastor, a position formerly held by the late doctor king. Reverend doctor Martin Luther King Jr. was a nonviolent warrior for justice. Who followed the word and the way of his lord and his savior, speaking on what would have been the late civil rights leaders 94th birthday, the president urged Americans to follow in doctor king's footsteps. Today is Martin Luther King Jr. day. The federal holiday honoring the fallen civil rights leader. New York City mayor Eric Adams is urging the federal government to help cities deal with the influx of migrants during weekend visit to the Texas Mexico border in El Paso Adam said cities like New York and El Paso are carrying the whole financial burden and are being undermined. I'm Michael castner. And I'm Scott Carr from the Bloomberg newsroom, European stocks have been on the rise, even as U.S. future signal caution. The FTSE in London is in positive territory up by .17%. The cat in Paris hired by .27%. The Dax in Germany is also higher by .29%. The nikkei in Japan closed lower in Monday trading by 1.14%, the hang sang in Hong Kong closed slightly higher by .04%. China's CSI 300 ended higher by 1.56%. Stock market investors who may be hoping to get a breather after a brutally volatile 2022 do have history and option traders on their side. A slowdown in inflation is bolstering speculation. The fed may be nearing the end of severe interest rate hikes and back to back annual losses are rare for U.S. stocks over the past 70 years. The so called volatility curve a plot showing expectations regarding the severity of price wings in the months ahead is lower at every point than it was a year ago. Strategists at Bank of America say U.S. stocks are poised for a fresh slide, however, before ultimately rallying in the second half of the year, Bloomberg's Karen Moscow has more. Investors are positioned for the S&P 500 to tumble nearly 10% to 3600 points before rallying 17% of the 4200 level, according to a note from strategists led by Michael hartnett. They say trading during an economic and earnings recession requires patience. Still, strategists are increasingly favoring European and Asian shares over U.S. peers against the backdrop of higher interest rates. Karen Moscow Bloomberg radio noticeably absent from the World Economic Forum now started running through the 20th and Davos Switzerland are the Russian tycoons, as well as Chinese billionaires once a fixture at the annual confab, the makeup of the billionaire guest list reflects the global upheaval that's reshaped fortunes and shifted centers of power, Bloomberg, Susanna Palmer has more. There won't be any Russian billionaires at Davos, the fallout from the war in Ukraine has effectively banished the oligarchs from the annual forum. You won't see any Chinese billionaires either. I'm at a spike in COVID cases, but there are about 116 other billionaires registered to attend this year's event. That's 40% more than a decade ago. The majority of them come from the U.S., but India, the UK and Europe, the Philippines, and the gulf region will be represented in the ten digit fortune club. President Biden's approval ratings fell to 43% last year among black voters, according to an October morning consult poll, Biden no doubt hopes he improved his image by delivering the first ever Sunday sermon by a sitting president at Atlanta's historic ebenezer baptist church, a razor thin margin of victory in Georgia in 2020, helped Biden defeat former president Donald Trump. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries, I'm Scott Carr. This is Bloomberg. Bloomberg radio on demand and in your podcast feed. On the latest edition of the Bloomberg businessweek podcast, a conversation with Bloomberg news senior executive editor Stephanie Flanders on why the global economy of 2023 is going to be a wild ride. About doing this exercise for business week and I've done it a few years now is you sort of obviously you're quite caught up in especially these days on exactly what's going to happen to the economy this year and are we going to get a heads around inflation is the fed going to stop tightening. But you also want to step back and think, okay, how is the world fundamentally changed? And I think this was one of those years where I thought, wow, we really have had these fundamental assumptions underpinning maybe 30, 40 years of global economic history, certainly my lifetime of thinking about economics and thinking about the world. All having been kicked away over the last couple of years. It's not just cheap energy prices. It's not just cheap labor costs and transportation costs. And as you said, the sort of friction free period for geopolitics, at least when it came to am I going to find it fairly easy to set up a complicated supply chain in Asia or China. And all of that has gone away. On top of all that, you kind of, every time any one of those pillars was sort of shaky, you always had the fed put, right? You always had the fed there, super easy money, kind of free money to make everything still make the numbers still add up. And when you start looking ahead and thinking, okay, if those have gone in quite a lasting way, decoupling whatever you want to call it, as well as potentially kind of higher interest rates sticking around for a while
"world economic forum" Discussed on Bloomberg Radio New York
"Others have done better or at least a regulated like utilities. So we do expect a lot of investment spending to come in this space. We have yet to really figure out, well, this would be good for investors and what time the type of return on investment we would get. I asked you the most basic question when it comes to the green energy area that now is going to get some subsidy from the U.S. government. Is that inflationary or deflationary? Depends on how if it brings down total energy prices that would be obviously not inflationary, right? In the meantime, if you say that it's creating by some accounts 9 million new jobs over time, of course, over a long period of time, you could say that that could have an impact on people having larger ability to spend and consume. But I think that's much longer term. I think in the short run, if it starts bringing down the cost overall cost of energy, that is good in terms of our worries about inflation. David Bianco of DWS group. Thank you so much, David, for being back with us. I'm signing specialist is going to be staying with us as we turn to a subject. She knows, particularly well, that's the World Economic Forum over in Davos, and they're holding it next week. We're going to look at it while it may be a bit different this year. That's next on Wall Street week. I'm Bloomberg. I'm Carol massar. In 1910, join us for the weekend edition of Bloomberg businessweek. This week, it's the year ahead issue and the cover story, the
"world economic forum" Discussed on The Financial Guys
"That's what the Democrats are. They are cockroaches. They don't want to work. It's never about anything about being self dependent and working hard and building yourself. It's all about taking over your house. They don't want to build their own house. They want to take over your house. They are. Around. I welcome the financial guys podcast, one wiggle and Mike lomas. We are the financial guys, of course, on the financial guys media network, radio shows, podcasts, and social media presence and much more. So check it all out on the financial guys dot com. We are going to be all over the board today. I want to talk about the World Economic Forum because I've been meaning to talk about this for the last couple of weeks, but we never had a really a chance because we've been obviously fed multiple shootings, unfortunately, a buffalo followed up by Texas followed by Texas. And before we get to the fourth economic forum, I did want to follow up on some of those some of the new information that's come out in regards to the Texas tragedy. This kid had red flags as usual. Of course. He was not bullied, apparently. He was a bully, or tried to be a bully. According to one of the students. So one of the students spoke out, and now you're starting to get some more information. On Saturday's radio show, you know, I said I wanted to withhold judgment on the officers because something just didn't seem right. And sure enough, you know, days later find out here that the officers were told to stand down and not really stand out, but treat it as more of a, just a barricade situation as opposed to a hot situation. The lack of communication, again, there has got to be some level of accountability. How could that be? They were calling 9-1-1. Right. What was that not getting back to the commanding officer and the police officers on the ground that there are people alive in that room? A wife got in touch with her husband. Thank God. He was aborted and got out of his haircut and went down himself and took care of things. But how in the world? And how is this not a number of level one investigation with all this information being very transparent? So parents, teachers..
"world economic forum" Discussed on Bloomberg Radio New York
"Branches because certain people want to go to the branches certain types of tests So people get confused and want to go in and cash is still important I got asked earlier I pulled some cash I thought you said you still use cash between today and the march $200 million We've got our ATMs and cash And so we the ATM structure support So it takes all kinds That's what makes our business model spirit Now the question is how do you optimize So we run that huge consumer business the largest in the country On about a 115 120 basis points of deposits That's phones digital branches everything else by getting the tasks that customers that are not high value tasks We've engineered them out digitally And yet the consultative tasks which are incredibly important Those have expanded the branches So if we have 4000 brands we used to have 6000 but by the way we just had our I think we announced our 16th branch in Utah We didn't have any three years ago So we're building out in cities We aren't there Do you build digital platforms And these are just names If you want to make some news here help us Affirm Uplift the airline people at different digital platforms that are nascent Do you acquire them Do you learn from them What's the acquisition strategy of digital knowledge In the cash management business we acquired a company a couple of years ago that was had a specialization in certain types of things We'll do that But that's really not We can't make any acquisitions of anybody of any size in the world we're in and by law frankly anybody has deposits based So we build it And that was Brian moynihan CEO of Bank of America on Bloomberg surveillance with Tom Keene and Lisa Brahman at the World Economic Forum in Davos And coming up former.
"world economic forum" Discussed on Bloomberg Radio New York
"We're clearly in a bear market The question is what's going to form the bottom You have extreme pessimism and oversold indicators So what you get is a summertime balance We're coming out of environment We're 2021 is probably going to prove to be a peak here in earnings The second round of tightening has been priced in I think to say that at this point global economy that there is a recession I think that's a bit premature This is Bloomberg surveillance with Tom Keene Jonathan farrow and Lisa Abramovich Important conversations at a highly uncertain time from the World Economic Forum in Davos Switzerland for our audience worldwide good morning This is Bloomberg surveillance live on television on radio Tom Keane Lisa Abraham moise John farrow off on assignment We are here debating some of the top issues of the moment amid a power of incredible sadness both with respect to what's going on in Ukraine And then in America with the shooting in a school that was one of the deadliest in American history And we need to frame the Bloomberg reporting now because these are fast moving stories folks The somberness across America is equaled by what I think has been under reportedly so there's severe fighting in what I'm going to call fart and southeastern Ukraine It is beneath the headlines in America but there's some real tension in Ukraine right now There's been a constant drum beat of just terror and frankly incredible sadness to the news flow over the past few months and frankly years and how much that's affecting the conversation here is tremendous People are trying to look forward as to how to then pivot amidst such uncertainty especially with the backdrop of China coming out Today talking about how the economic situation is worse than what they saw at the height of the pandemic That's the economics of the moment but with the president speaking from the east room this afternoon of course Bloomberg will give you that coverage I do want to point out our David Weston with balance of power at 12 new and will clearly address these topics but to be perfectly bought frankly whether it's China or it's this tragedy in America it is a debate that hasn't changed one iota in years Which is a frustration And frankly I hear it underpinning all of the conversations that I have here at Davos People are self aware and saying look people come with lofty goals and then they check them a year later and they haven't changed And there has been a much more practical tone to a number of conversations being had here where there's more of a give and take How do we get this stuff done And I think that I'm hopeful that actually that will be effective The impatience here varies each year we'll dive into ESG here in a moment but what I'd like to talk about now is the data check And as we ended our broadcast yesterday it was simple to markets were in disrepair And the markets come back better today there's no question about that a little bit of an ebb in the last hour or so features negative 17 and the yield I've given up I guess they got a 30 year bond and a 3% with a ten year 2.73% And to me the key thing with little Kennedy was a one 15 print on Brent an hour ago There's been a shift to the narrative though when it comes to bonds and what we're seeing there which basically is you know we are moving into a growth slowdown and how much does that feature into an investment thesis And so you are seeing a change in how people are kind of strategizing We heard that from Chris Harvey earlier of Wells Fargo This is a joy right now and it is a joy because you know the visibility of someone like ray dalio and of course we gaze yesterday on the day you'll go firm with bob prince There's Rebecca Patterson now there's a Bridgewater They've got a full force compliment this year But beneath the names you know are really first order people One is Richard fucker half who was with us years ago Expert on Russia and security and folded into that is sustainable investing carrying carnival timbre is chief investment officer I should say co CIO of sustainable investing at Bridgewater associates So you and falcon Roth on speaking terms I love Richard He's such a great guy How do you fold in your analysis the geopolitics of what everyone wants is some better outcome and climate with its dead serious analysis of geo security I think that what is happening now is that there's sort of a tough realization that to make progress on climate A lot of the levers that we've put out there are the most effective levers are actually pretty inflationary and that's more difficult to do at a time when inflation is already rising and that at the same time we can't really think about energy without also thinking about energy security So now we've gone from some of our one dimensional equation during carbon down to a three dimensional equation to acceptably given inflation and handle energy security at the same time This is a critical question and particularly I mentioned Newcastle Cole only because of I don't mention Australia every 15 minutes I can't be on air but coal.
"world economic forum" Discussed on Bloomberg Radio New York
"Davos but you get a little happy valley bag when you got there swag bag just like the Oscars It's actually very generous And in the bottom of it is always the spiky platoon thing You put them on your shoes So you don't have any The crampons yeah I'm gonna wear the crampons in May I think there'll be a fascinating what the markets are doing in the mud Let's see pandemic recovery climate change the future of work stakeholder capital What else There's a lot of things There's a lot to talk about I actually spoke with the World Economic Forum midweek and there really focused on a very holistic broad set of risks and as you know John there's risk to choose from right now This could be a world economic for a meeting like over the 20 years I've been doing this every 7 years or so Davos is completely overtaken by market and international relations events This could be one of those years Okay so there are a number of forums some of which you host you sort of the anchor person there What are the topics you're going to be talking about Well I'm going to talk about global growth I'm honored that Gita gopinath is agreed to join from the International Monetary Fund And then I'm going to do another panel on risks mostly wrapped around the war in Ukraine And we will have an esteemed set of guests there as well to very different panels but what's important is and I'm humbled that turnout for these panels is stunning People there they're not showing up to go velder re the whole Davos Switzerland thing This is a really serious Davos with acute attention on some of these issues Who goes and what comes out of this We don't know But the idea is that the impression is that it's marketing mox and so what It is a cross section of things but the heart of the anti Davos pro Davos debate is it's 3000 people basically getting together with one common feature to listen to really bright people argue about some of these themes The ramp on Davos is a more European theme which is collegial Let's all get along and all that in a more American discourse in British discourse which is they like to see a lot of argument happen to inform the debate That's the tension that there's always it Davos Okay so based on previous meetings at Davos Is anything going to come out of it in terms of policy change No no I'm very negative on that They love to talk about how it shapes thinking and all that My experience is Davos and the wonderful guests we have there are people who are overcome by all the other events all of us are overcome by What's interesting at Davos in this year it's Monday Tuesday Wednesday is by Tuesday at 12 noon It'll have completely changed based on new slope And the news flow right now of course has to do with the slowdown in the economy soft hard landing There's a global slowdown in the economy and such but I would predict that the war in Ukraine may be the president's trip to Asia will fold into this but the war in Ukraine and along the longer eastern frontier up to Finland and Sweden will overtake all In terms of the economy the world economy not just Europe but the United States and the rest of the world What's the takeaway What is going to be the focus The takeaway there is the World Trade Organization sub 3% global GDP geeta gopinath Anthony IMF are at sub 4% global GDP Those are very low numbers And of course all of that's on China and China locked down It's a different Davos giant not because of the weather but the people that will show up I would suggest right now based on what I know about who's coming the show up is much more international much more third world with perhaps fewer Americans going I'm just guessing when you say third world that's kind of interesting because fed policy means the dollar is going to move A stronger dollar at the moment Which translates into emerging markets And we're seeing all sorts of turmoil in emerging markets You take Sri Lanka for instance Well Sri Lanka is the poster child right now but there's many many other issues are Eric Martin who's our IMF expert is mostly focused on Egypt within this food crisis and John again as I say about the war in Ukraine maybe this will be a Davos of food economics particularly raptor on rice which is so dominant in Asia And as far as climate change I assume that's going to be one of the major I looked on the Bloomberg Newcastle cold This is Newcastle called Australia And it's a moonshot It's a moonshot of Japan and China load the boat on call So the climate change debate in ESG in general is radically shifted this may Davos versus others A lot of the certitude of ESG is being tested Surveillance co host Tom Keane ahead of Davos this week Thanks very much Appreciate it Just a head on Bloomberg daybreak weekend We hit from Davos to.
"world economic forum" Discussed on The Financial Guys
"Did you see, by the way, well, maybe you have about ten minutes left. The new Biden plan is to increase taxes. Did you see that? But here's the good news. So always back just on the rich doll, right? Well, it's just a sharp bag. Because the billionaires are going to play all kinds of income. Now he's talking about which I'm not opposed to, by the way, I'm not opposed to a minimum billionaire tax. But the problem is here's what they do though. Okay, we're going to make we're going to give the billionaires, okay, I'll pay that minimum tax. But here's what I want in return. I want to a 100% write off for my private jet. They got that, right? 2030. What else do they want? Or are they just funnel money into different trust funds? They'll be funneling money overseas. Don't think for a second Warren Buffett isn't going to set up a trust in Ireland. We've got the foundation. They're never going to pay taxes. It's an absolute joke. And the shame of it is we're not when we started this radio show. It was about 45% of Americans 40 to 45% sucking off the system without paying anything, right? Now we're at 57. It's over. Why don't you break 50? We said that a decade or more ago is that once you get over a half, that's the tipping point. Very difficult to bring it back. Very difficult to how in the world could people vote for Biden? Well, because they're not working and they get free resources. When you have 57% of the country not paying any federal taxes. And I hear this, well, some of them might be paying state taxes, bullshit. No. Bullshit. You're not paying federally. You're not putting pace sales tax Mike. Everybody pays sales tax. Everybody contributes. Blah, blah, blah, blah. Here's the thing. And this is what the Democrats want to do is a Democrats and that's not even the Democrats. Whoever is running this new world order garbage. And now don't tell me years ago, I thought, oh, new world. Come on, conspiracy theory. I thought it was a conspiracy theory. How come every single major leader in the world now is uttering this new world order, right? Even Biden said recently. We got a structural new world order and make sure we're leading it. Here's what they want in the new world order. Number one, they have set this openly. The World Economic Forum is an evil organization, folks. We look at this World Economic Forum. All these wizards of smart fly to Davos, right? They fly to Davos decided to structure your life and the things that you'll be allowed to have and not have..
"world economic forum" Discussed on The Financial Guys
"They're all there, the Heinz family. I'm sure the carries are there, right? All of these super smart people are there. This is what the World Economic Forum is telling people, right? They're literally running ads by 2030. You will owe nothing and be happy. Now let me tell you something. That is the worst financial advice that anybody could ever give you, right? If you really want to know how to build wealth and become independent, financially independent, where you're not reliant upon other people or a pension or a job, you have to gather assets. You have to accumulate assets. Do yourself a favor. Go out and read rich dad poor dad. Read it to your kids. Understand the difference between assets and liabilities. And if you're smart, what you'll do is you'll do what the Warren Buffett's and the Bill Gates have done. And you'll focus your efforts on acquiring assets. But what does the World Economic Forum telling you to do? They're telling you not to acquire assets. They're telling you, you'll own nothing. And you'll be happy. Don't worry. Bill Gates will own everything. They're buying stuff. That's right. That's right. They're showing up, by the way. They'll show up there. Yeah. At these big economic summits and go these people know what they're doing. And they leave on their private jet and go buy 700 acres. They're covering this Fox News is there, right? They're an interviewing people at Davos, it's all secretive..
"world economic forum" Discussed on 600 WREC
"This week that signal the direction we're going in, and they played out simultaneously with one another, while Joe Biden signed record amounts of executive orders The World Economic Forum gathered to further push the great reset. It gave us an interesting perspective. Tow watch the theory crafters sell their idea from Davos, while the Biden administration used that same theory to push real world policy. And all of it happened at the same time. Did you know that? Two hours before the White House announced their executive actions on climate change, John Kerry was speaking to the W E F the World Economic Forum about the great reset and told them two hours before you knew about the executive actions. They knew at the World Economic Forum. They were being briefed on it before you were briefed before we went on television to explain all of it. Joe Carey was John Kerry was explaining it to the World Economic Forum. So what is all of this mean? It means that we're hurling towards an oligarchy where big government merges with big corporations. I think I think the richest person in Russia now. Is Putin, isn't No, it has to be. It has to be. I mean, there are a lot of billionaires, you know, Show once you once you take the government and you merge it with business, then they can cut all kinds of special deals and People like Putin can keep their power. It's about power and money. No big government When they merged with big corporations. They'll have all the power but Let me quote them. You will own nothing. And you'll be happy and quote. Wanna play that for you tonight? That's an amazing quote. We've been on this trajectory for a long time. One key moment in history altered our path. And we haven't been the same since Obama and now Biden are ensuring the transformation is complete tonight. Wednesday night. 9 P.m. Eastern, how Biden will complete Obama's radical transformation of America. I'm going to show you the history of how we went from America, The free tow America the oligarchy, and it is all culminating right now and last week. Was a very big step. So this oligarchy Don't know it might be unstoppable. If you were listening last hour, you heard me talk about how Coca Cola now has abandoned. The American ideals, the things that made America America I want you to just understand this is this is not about Coca Cola. It's about the impact that this one gigantic corporation can have. On policy. Think about it this way. If Coca Cola Amazon, Uh, BP or Exxon if these giant corporations change their policies And enforce climate rules. Diversity rules. If they buy into that, and they institutionalize it in their companies. Think of the impact it has, if they enforce it, that they won't do business with somebody who doesn't feel the same way. And if you think that's crazy. What is Facebook doing? What is Twitter doing? What is Google doing? If you don't agree with them, they know the truth. You don't Coca Cola sent out notices to law firms demanding that the company will require diversity among law firms who billet for work in the United States and reduced payments if they don't comply. Now here's the problem. This is much more aggressive than anything that the government can even do. Okay, It's a private company. They can do what they want. If you have a problem with diversity. What you have to do is you call the EOE, see if they are discriminating against you. Then you call the E O. C. But see, that's not what they're looking for now at Coca Cola. Coca Cola has their chief diversity equity. Very important word equity is not the same as equality, equality. Means we all have an equal chance. Equity means we all get the same outcome. So their diversity, equality and inclusion officer Uh, said that their general counsel is urging law firms to effect real systematic change. This is not about The company. This is about systematic change by adhering to new requirements that mandate all outside counsel allocate a portion of their work to diverse attorneys, especially black lawyers. Or risk losing money or even future legal business from Coca Cola. It's going to require a quarterly reporting about the makeup of legal teams that do work for it and self identify as American Indian, Alaskan native Asian black women, Hispanic LGBT Q Native Hawaiian policeman, Pacific Islander or persons with disabilities. For those working on new matters For Coke, at least 30% of each build associate and partner. Time must be from diverse attorneys and such amounts. At least half Will be from black attorneys. This is just what this one company is saying. You have to do if you're going to represent us as an attorney firm, but this is just the beginning of it. Now, what will these firms do? These firms can't cry Discrimination, can they First of all, if they do the racist, everyone will label them racist. Now what happens when that firm does this? They just make it stronger because they will then also say, and we're going to be doing work with firms that believe that If let's say the Coca Cola Bottling. The local bottling plants might be owned locally. Are they have thing to do the same kind of board of directors? Are they going to have the same requirements? The same things on climate change. The Coca Cola has Because that will affect the truckers. This is a giant chain that one company And do an end run around the constitution and its impact will be amazing. Imagine getting the fortune 500 companies to do this. You're no longer living in America that you understand because you can't run to the government. First of all, the police are bad. The government is bad. The cops that are supposed to watch these companies are in bed with him..
"world economic forum" Discussed on Biz Talk Radio
"11 10. Great to be here. Thank you all for being part of the program. I know everybody's got a lot of questions. A lot of comments will get to your calls again. 16 363 11 10 and we will do that here. Um, I gotta get my software connected in them all. Take a look at the What we have on the phones Also, you know, I talked about you know what is happening the international markets and, um, the world economy. And they're looking at a very strong recovery after the pandemic, similar to what we had in the third quarter, the International Monetary Fund, which is never right by the way, projected a output would grow 5.5% this year. Wow. That's about as optimistic as you can get for the International Man of monetary Fund in the world economy. That's up from October's forecast to 5.2% increase. The outlook has been really lifted up by hopes of increasing vaccinations and improvement in Therapies to come back over 19. The forecast assumes a very broad vaccine ability in in the advanced economies and in some of the Emerging countries so, but that second half off 2022 So by June of next year, the IMF's said. We're going to see dramatic, incorrect crease and output. Now. Um, I don't ever agree with E I m F, So I'm not going to start now. So let me just say that the first of all, that's a very optimistic Growth forecast, but For up to 2022 half a second half off 2022. So The I M F has had zero success over the years, projecting what the economy is going to do next month. So for them to go at 18 months is I don't know. You know, I don't know. I guess there are some that are going to hang their hat on this forecast. But I would say that you know, emerging markets are obviously gonna lag behind, but I think the developed nations of the eurozone And you know of all of the eurozone. Not that you're a block, but the your zone. All 27 nations will probably start to see recovery a little bit sooner than we think. And I wouldn't be surprised if they start seeing some Recovery even even before we start Heading in to recovery, so But anyway, the I M F is saying that it is going to be all multi lateral. Leader that is the international markets. So we'll see how it goes. Speaking of internationally, of course, World economic Forum. Great reset is the theme this year. Is virtual summit. Can t starts today. Speakers are gonna be South Korean president Russian President Putin and Prime Minister Benjamin Netanyahu all gonna be speakers. I think Netanyahu's speech is gonna be sometime around eight o'clock tonight. Our time. But it'll be interesting to hear that, I guess. But I am gonna be much more curious about the results after this was all over so by the end of next month as we start getting some of the white paper in the sentiment Coming out of the World Economic Forum. I think that's going to be far more telling than anything we're going to hear from a speech. It is what comes about in the in the meetings and these air ever going to be virtual meetings, round table kind of discussion virtually and what comes out of that is gonna be for impactful to you and I Than anything else. I am vory vory curious. I am not necessarily optimistic. I think unless you're a global list Avery hard, fast, true global list and have been for the last 30 years. I don't think you're gonna get a lot out of this. That is gonna be really encouraging. For the average capitalist so and I don't know how many capitalists we have left here in America. But there's got to be a few of us floating around somewhere, so it's not gonna be optimistic for us From an economic perspective. I don't think it's going to be optimistic for us from a Monetary standpoint, either, and I especially don't think it's going to be optimistic. Tow us in what it's going to do. For certain energy sectors now, Uh President Biden put out another edict today that he is going to stop. Suspend or permits. There were his words to spend all permits for gas and oil drilling on federal Land now. That's on Lee about 6%. Maybe 5% even off production. It's not a huge Amount off our oil production. Okay, Well, let me correct myself because Just looked and it is about 9%. Of US production. So, But here's the thing that I want to point out a pointed this out after the BP spill and President Obama suspended all permits on federal land. The upside. We benefited a great deal from President Obama doing that, because what happened we were still firmly in a free market economy at the time. What happened where the private sector did would private sectors do? Hey? It's not gonna happen. We're not gonna make any money off of this. Let's forget about it. Let's turn all our efforts to our private drilling rights, which is what they did, because they had so many permits for private drilling because of what George Bush had done. Three or four years before that. So they turned that in and said, Hey, this is going to be very profitable because the stopping on federal land is going to drive prices up, and it's gonna be good for us. Now. They have a firm foothold in the drilling on the private sector, and they're not really going to care about that. So it's not gonna be much of a big deal, and it's not gonna be Have much of an impact for the Obama. Ideology that he drew from the Inteligencia of Hollywood in Hey, let's just keep it in the ground that was sarcastic. The intelligence you think Let's just keep it in the ground. Keep it in the ground at all costs, keep it in the ground. So that's exactly what Bide now is working on. But here's the other thing that was so annoying in 2000 and 10 and 11. We were giving up. By the time it was finished in about three years into that we were giving up. Very, very close to about $800 billion in revenues from the leases. 800 billion This is a time we were spending like drunken sailors and we were giving up. Ah 100 billion. That was on the least, rights. It wasn't on the royalty. So the royalty from every oil Or cubic foot of not gas that was produced. We also got paid a another vory large percentage off that Um and we were given all that up. So we were probably giving up. We probably gave up a trillion and a half dollars in those years. I'm gonna go right back to that. So let's keep spending. Has now they're talking about where they're going to come up with the money to fund some Social security changes. The president Biden also talked about yesterday. That the latter part of this year they're looking at putting forth on reform bill on Social Security. That is huge. It's gonna have everybody in a little bit off a panic, but one of the things that they want to do before you panic. Is they want to increase the benefit. They want to increase the benefit to people that have been collecting more than 20 years. They want to increase the benefit to widows and widowers, which I really like. And I think that's Good thing. And they believe that they're going to pay for all of this. According to Bernie Sanders. From an increase in payroll taxes across the board. When women I thought they weren't going to increase taxes..