Hello friends and thanks for hanging out with us here on the market report today on Cointelegraph. I'm your host Benton and we are joined again by our resident experts Marcel Peckman and today's special guest Joe Hall. Marcel Peckman applies his 17 years of experience trading derivatives options and futures to the crypto derivatives market. Joe Hall is a research and interview journalist at Cointelegraph who brings with him five plus years of Bloomberg experience covering financial markets around the world. Fellows, we're back at 20k. What is going on this week? We're feeling good. Marcel, what's up this week? Well, I think more important than being 3% or 5% up in the week is seeing major global currencies such as the Euro and the British pound losing value 15% against the US dollar and even seeing some of the traditional consumer companies saying that they won't be able to meet the target revenue because of Yada Yada. So investors are starting to realize that yes, a crisis is coming our way. Energy prices are up 400% in the past year. So something is happening here. So I think the normies that didn't want to see what was happening are now starting to feel the impacts and the effects. So I think that's the most important thing than Bitcoin or Ethereum being up 5%. Very good. And Joe, welcome back to the show. Always a pleasure to have you here. How are you this week? I'm great. Thanks. I got the call back so I'm pretty pleased with myself. Pretty chuffed. It's great to be with you guys on the market report again. Just to echo what Marcel was saying there about normies realizing this is happening. A few of my friends that are sort of casual Bitcoin investors, let's say, they have a couple of hundred quid saved in Bitcoin. One of them texted me yesterday and said, wow, Bitcoin spiked against the pound. And I was like, no, no, mate, it's the other way around. The pound has crashed. Bitcoins spiked because of that. And you see it with all the currencies at the moment that it looks like Bitcoin is doing really, really well. But in reality, you're like, wait, is it the coin doing well or is it other currencies crashing into it? So yeah, it's a weird, wild time at the moment, isn't it? And you're starting to see folks talk about treasury bond yields and keeping their assets in cash. It is a weird time right now with a lot of uncertainty. So we're here to unpackage all of that for you today. We're going to be diving into some of the latest, greatest around what's behind this 5% rally in Bitcoin. We're going to be talking about trading strategies from our sell today and diving into some of the biggest headlines. So if you're tuning in, tell us where you are tuning in from around the globe, we're happy to have you here on the market reporting. If you haven't liked and subscribed, go ahead and do so now turn on that notification button so you know when we go live every Tuesday at 12 p.m. But first things first, we got to get into our weekly roundup for this week. We're going to bring you some of the biggest headlines around the Twitter sphere. So Danilo, let's go ahead and jump into our weekly roundup video for this week. Charles Hodgson's in there. Get into a little beef that we're going to get into here a little bit later with some of the Ethereum developers. So lots of big headlines to cover. But first, we got to talk memes. That's the most important part of the show. If we don't get into the memes first, we got to get that out of the way. So let's go ahead and jump into some memes first. What we got this week, transferring crypto to our hardware wallet for the first time. We've all been there sweating bullets. Or 10th time. Sometimes it catches your eyes. Oh, God, did I do it correctly? Always send those test transactions, folks. Never be sending the full amount. There you go. Good practice right there. Jay Powell stepped down. Jay Powell from Kraken. Jesse Powell, for those who weren't familiar last week with the headlines, stepped me down from Kraken as CEO. Not the federal leader. He had a few of that too. Brett Harrison from FTXQS, breaking news today, stepped down as well. My husband is rich in bitcoins, but he dies. I want to understand how to spend them. Got to keep those coins safe spot. Our options one could change everything. Oh, God. The trade of mindset. Lowest. I'm going to make it all back on one trace.  That's what's going to happen if you try to do it all in one trade. Burger flippers are back in style, man. I don't know what you're talking about. Quick shout out to everyone who's tuned in today. We got Yasin. We got Eckon Nadelli. We got Nonso here. Catherine Rose. Welcome back, Gary. What's up? Thanks for tuning in today. Wherever you are around the globe. Feel free to drop those questions in for our experts, Marcel and Joe are here to answer your questions. So all of your questions, we're going to be looking in chat today. We want to make sure we get those answered. So we're also giving away a one-month subscription of Markets Pro. If you've been having trouble navigating these markets, Markets Pro is going to be a tool for you. So drop your Twitter handle in that chat today. We're going to be giving a one-month subscription away for that today at the end of the show. So make sure you go ahead and do that. Now, let's get into some market news here. We've talked about Bitcoin, the 5% gain that we've seen overnight. Why the sudden surge here? And is this any kind of significant movement? We saw the mega green candle here happen overnight, but I'm going to go ahead and pull up this article written by William Suburg here. Marcel, why the sudden surge? What is behind this rally here? Okay, Benton. So whenever there's no news behind a price pump or dump, I tend to do the opposite question. What was pressuring Bitcoin below $19,000? And the most logical answer seems to be regulatory pressure and miners going belly up. So the real question is, are any of those issues do they damage the foundations of Bitcoin? So do they impact censorship or the fixing issue shadowing? So the 900 coins that are issued per day? No, they don't, because even if 30% of the miners, so 40% of the miners go offline, as we saw when China binates Bitcoin mining, I think back in 2021 or so. Yes, the hash rate goes down. The network gets less power behind it. So one can say that less secure, but it adjusts every 14 days for the users, even if you're holding or if you're using exchange, it doesn't matter. It's not going to change. Bitcoin is not going to get less secure because there are less miners, because there's going to be an adjustment in 14 days or so. And for censorship resistance, you've got to think that even if someone steals those miners or buy those miners at a chip, they still have to pay for the energy to suppress the mining. And the energy is not cheap. So even if you get old S19s miners from a bankrupt company, you're not going to be able to perform a 51% attack for free or a low cost, because the energy involved is huge. So once the investors realize that those were basically fed, the regulation can hamper stable coins or whatever can damage exchange, but not the Bitcoin network itself. It's going to be continue issuing blocks every 10 minutes and transactions can be done without censorship. So once the FUD goes away, the price goes back to $19,000, $20,000. So I think that's what's happening here. The FUD faded away. It's good insights there. And I see Temtem and Chat here saying it was a fake pump because DXY didn't dump when BTC pumped on the other hand, SPX was dipping to new lows. Joe, what's your take here? Are we going to break through 20K now? It looks like we're barting as we speak. We took the elevator up and now we seem to have gone along the roof terrace and then we're taking the elevator back down again by the looks things. And it also seems to be quite a low volume pump. There was, as Marcel said, there's no news that seems to be forcing this rise in prices. So what's causing it? Okay, is it short scaling wrecked? Is it some buyer that we don't know about that's come on the scene and bought 1,000 Bitcoin overnight? There doesn't seem to be anything in the woodworks yet. So it could be the textbook, but even playing out, which is the classic, you know, feed the whales strategy. So when you see this sort of thing playing out, it's because someone is trying to get hold of your coins and trying to unseat you from the position you're in. So what do we do to the whales? Don't feed them. Don't feed the whales. Stab them. So yeah, I mean, I wouldn't be surprised if we're back down at 19-ish by tomorrow and the next day. Because while it's true, there is some fud clearing up. The global sort of macro backdrop isn't fantastic right now. So there could be a little bit more pain on the horizon. Great insights there. And I want to pull a quote real quick from this article says well modest Bitcoin September gains total about 0.7% of the time writing with BTC slash USD trading pair at 20,200. The month ends up in green. It would be the first non-loss making September since 2016. So there's actually a great graphic that we have here. So if you're looking at this price chart shows you the monthly gains or losses. So if you look back 2021 all the way to 2017 we have seen losses in September. Last time was 2016 here with 6% gain. So the month isn't over. There's a whole another week here. And I guess the question then becomes is the macro environment still vulnerable? And I think Joe had kind of alluded to that saying there is way too much uncertainty in the macro scale. And this kind of leads us into our next question here is the volatility we've seen with the British pound. What is going on with this? Is Bitcoin going to become a new reserve potentially for the UK? Joe, I know you are in that area of the world. What is your take here? And what is the significance of Bitcoin now that we've seen the British pound kind of crashing? God wouldn't that be amazing? I don't know what I'd do if Bitcoin became legal tender here. I mean not that Bitcoin needs to be announced as legal tender anywhere. At the end of the day it's still a grassroots movement.  So that's always the way that it's nicer that it carries out that way. But obviously what we saw with El Salvador was a president saying, you know what, we're going to make Bitcoin legal tender here in the next six months. And they just went and did it. So yeah, in a weird parallel world maybe that is playing out right now for the United Kingdom because they've realized that the pound is effectively a shit coin and it's going to zero against Bitcoin and against a whole other number of currencies. Why is that happening? Well, the short of it is that the budget last week was awful. So the new government with this trust who's our new prime minister, she announced this budget with quasi-quarting who's the new chancellor of the Exchequer and markets didn't like it. Quite simply markets decided to dump all their pounds and fly to safety which these days is to most people it's the dollar. But to those few that are probably tuning in right now they realize that their safety is Bitcoin. So yeah, I would absolutely love that environment Benton where we end up with pound. I'm able to spend my Bitcoin at the local shop for example and I'm right now in Belfast. So in Northern Ireland which is still part of the United Kingdom which still uses the pound whereas 30 miles south of here in Ireland and then Dublin they use the euro. So there's this sort of weird currency remittance issue that goes on here. But soon we'll get to the situation where one pound equals one euro equals one dollar, won't we? So that could also happen in the near future. All these currencies seem to really be struggling against the dollar. I'll leave it there for time being. And Marcel, is this the time for Bitcoin to shine in the UK? What is your opinion on this kind of topic here with the British pound crashing? Well Benton, so firstly it's not just the British pound or the euro. Most currencies from developed countries developed 15% or more against the dollar in 2022. So every currency faces the same destiny. Emerging currency did not collapse this year because they have already done over the past two years so but basically every currency is losing against the dollar. And people forget that fiat money as we know it's an experiment that started only 50 years ago because until 1971 those were not really banknotes, those were convertible to gold or to some other thing. They had a fixed conversion ratio. So the free float currency as we know back by nothing started only 50 years ago versus the Bitcoin which has roughly 13 years. So it's not that much of a difference. And even I was surprised to find out that UK's FX reserves so money holding foreign currencies including the dollar it's less than a hundred billion dollars which is not enough to sustain three months of imports. So if there's no new dollars entering UK they won't be paid for they won't be able to pay for oil gas and whatever they import in three months time. So it made me understand how scarce the dollar is if you're not the Federal Reserve if you're not the issuer you need a steady inflow of dollars to pay for imports. So that's why those other currencies are collapsing. So if it's good for Bitcoin not in its first initial phase as long as investors seek shelter in the US dollar as Joe said. But that then brings up the question I guess is how important is the British pound in the global currency landscape. I know you alluded to that it's not just the British pound but in the landscape of all developed countries and developing countries currencies. What is its significance and I'll start this out with Joe. Yeah sure. I mean it's also quite poetic because the UK is one of the oldest I think it is the oldest fiat currency to have been created because the pound came off its gold standard to fund World War One if my 16 year old history classes serve me well. So it's then it was also an experiment and then obviously you know the dollar took up or the petro dollar as it then became known from the 70s onwards was and is now the currency of choice for any developed nation around the world. I mean to what extent could this situation pan out for the better. I actually can't see a good way out for the UK right now which is quite strange. I don't know how the UK government could get their finances in order. And if you know if as Marcel says there's only three months of an emergency fund effectively for the UK to service the economy from then what happens in the fourth month. Do we do we try to print more of the pound to convert that to dollars. You know how does this pan out. This could be the end of a currency. I think when these things play out they play out so quickly that they take everyone by surprise. So I mean could we see a G7 currency. I mean they have other assets. They have gold involved but not US dollars. So they will have to start selling assets including treasure bonds or whatever gold. They have other assets but they just don't have US dollars parked in cash to pay for imports. So they need a steady inflow. That's what I'm saying. Speaking of selling assets we've heard the Chinese government and Japanese government selling dollars to buy back their own currencies. Is this creating some sort of deflationary mechanism for the dollar. Is this significant in the global stage. I'll let Marcel kind of jump in here first. So first let's wrap up about the British pound. It seems an important global currency as UK is one of the top five countries per GDP but it represents less than 3 percent of the fiat volume traded in Bitcoin. So it's I don't know 84 or 86 percent traded in US dollar. Then you have the South Korean when they have the Japanese. You have the Chinese currency. Then the Great British pound and Euro with less than 3 percent. So it's not relevant for Bitcoin. And according to a chain analysis study the cryptocurrency users in UK are not among the top 15 countries. I think it ranks number 18 or number 19. So it's not an important country for crypto adoption right now. Moving on to how much GBP how much pounds are in circulation in gold. So if you only count the banknotes and the deposits at central banks there's 1.1 trillion dollars of GBP out there. And you compare to the global fiat money of 28 trillion dollars. So it's not really relevant. Curiously it's close to the crypto market cap which stands at 950 billion versus 1.1 trillion dollars of pounds banknotes and deposits on central banks. So I don't think it's important even if it crashes it's not so directly relevant to Bitcoin. Very good. And so when it comes to the the governments you're starting to see you know developed countries China and Japan do this with the dollars to buy back their own currencies. What what implications does it have for the dollar. Joe why don't you jump in here. Yeah it could have that potential to make the dollar more deflationary. But either way it shows that the dollar has this extra utility. Everybody wants the dollar whether they want it as a means of trade or trade balance or they want it as a means of a store of value. Say you're in a developing country you might not look at but you might not consider Bitcoin your store of value because it's still you know too volatile and therefore you'd rather have exposure to stable coins which you know effectively represent the dollar anyway. So yeah I think that the more these currency wars or these currencies slow deaths let's say play out the more you realise oh my gosh like that the US dollar played an absolute blinder when it realised that it could like the peg from gold become the petro dollar and become this sort of global currency that you know you can walk in the deserts of Morocco or in the mountains of Tibet and people know what a hundred dollar bill is worth whereas I can't do that with the British pound I'm sure I can't do that with the the Brazilian real you know this it's still the world's currency of choice and the yeah it's got a good few more years in it hasn't it in terms of its life its life its lifetime but but there there's a problem here is that okay we have Japan and some other countries that desperately needs dollars to build reserves and to pay for imports but on the other end we have Russia and China and some other countries there are selling that have been even Japan have been selling those treasuries and they're wanting to get out of the US dollar not as a reserve system but as a global trading system they want to buy oil directly in their currency so they want to buy oil paying in rubbles or paying in euros or whatever and that's going to be the the collapse of the dollar itself as Joe said even if you don't like the dollar as a country or a person if you even if you don't like dollar as a store of value if you're going to do with imports and exports you're going to have to price it in dollars you're going to have to pay it for the bank in dollars that's the the standard monetary system of transmission so when the dollar when some huge countries such as Russia and China stop doing international trades in US dollars then it's going to quickly start losing value because right now those guys are forced to buy whether or not they like it. I want to pull up a quick highlight from this article that reads that gold bonds are collapsing in their fiat currencies which are collapsing against the dollar which is fast losing purchasing power and so Safadin Amos the author of bitcoin standard says it will be months and years before the average fiat user realizes just how much they're getting ruined financially the new normal is poverty let's let's unpackages let's take a second to actually process what he's saying here Joe what is your take on Safadian's thoughts here yeah I mean he's the author of the bitcoin standard an Austrian guy with really sometimes wild views about things he's I think he's very right about bitcoin and here he's talking about you know the death of fiat currencies in relation to his latest book the fiat standard which talks about all the ways in which fiat money has ruined our lives and he covers everything from seed oils you know cooking oils basically to I mean his latest thing that he was discussing on Twitter over the past two days with whether or not cast iron pans are a scam so I often take his opinions with a pinch of salt excuse the pun just because he likes to come out with really sort of brash heavy hitting statements for example poverty is the new normal I mean that's a terrifying statement isn't it I don't think poverty is going to be the new normal per se because you know as Marcel alluded to earlier there are still assets in the world a house is still going to be worth one house you know because people still need somewhere to live there will be some weird mechanism that plays out in order to save the currencies around the world but yeah Saifidou Namous is a he's one of the most toxic maximalists out there if I can say it like that you should read his work by all means definitely do like the bitcoin standard is you know for many people it's the bible for for bitcoin books but the fiat standard for me pushed the boat out a bit too far because um yeah he has expert opinions on things which he seems to not have much research or have done you know dubious amounts of research into um so yeah just pinch assault is what I'm saying I don't think fiat I don't think poverty is going to be the new normal just yet or at least I hope not and Marcel is there any uh cause for concern with with people holding dollars right now or being involved with the fiat ecosystem uh is there any risk that you're seeing with being involved with that for the time being until we're able to kind of get out of the storm so to speak no better I don't see any risk for those investors that are exiting fiat or weaker currencies to buy the US dollar it makes sense if you're afraid of investing in stocks or cryptocurrencies or bonds or whatever and you're stuck with a lame fiat just change it to us US dollar makes sense for this first moment the problem is energy prices because energy is not something you can print so uh if the country does not have reserves to import gas or to import oil or whatever and it's not self-sufficient then the industries and the consumption will have to go down so uh this is what's going to cause the crisis it's not about the inflation it's not about the the devaluing currency devaluation it's because the price of energy went up because of a series of mistakes government made a series of bets that went wrong and they're still shutting down uh nuclear engines nuclear power plants right now so they're continuing to make mistakes and the population is going to suffer it's not they're going to be poverty necessarily but the energy costs will not be going down over the next two or three years there's no magic way to fix it so while we're kind of talking about the amount you have free to consume every month is going to go down drastically I guess while we're on this topic of climate I'd see Birx in chat there says any thoughts on EWT in the climate and energy implications on crypto assets in the US published recently is this something that you all were able to read because I did not. EWT? EWT what? Energy? Energy? I'm not sure. Is it with wind maybe? I don't know maybe that's a question for another another show um all right let's keep this moving along because we do have a couple other articles that we need to dive into today one of which was the Charles Hodgkinson beef with Evan Van Ness uh so Hodgkins called the theory merge a flawed POS implementation claiming custodial staking would create issues for the network in the long run well what happened here looks like we had a little exchange of words Vitalik Charles was getting into it um guys is this just another tribal beef between uh you know two former co-founders of ethereum uh Joe why don't you jump in here um curious to hear your take oh Charles he's um he's good fun to observe um as he goes about his life in the post ethereum world I think he's he must still be a little bit hurt about how the ethereum foundation sort of semi kicked him out from the founding of ethereum or eight years ago now um so I think he might be a bit resentful of the fact that Vitalik um successfully implemented proof of stake or Vitalik and ethereum and you know the whole all the devs together um so I think that him calling out proof of stake on ethereum and saying you know it's unfair or it's not probably implemented there's also a way of saying buy my bags i.e buy my cardano buy my aida you know my proof of stake is better than your proof of stake um I don't know how much credence I gave to these little jousts you see on twitter because sometimes my cynical hat with a cynical hat on I'm like are they just engagement farming because they know that when Vitalik is attacked by Hoskinson um you know this is two big cats going against each other in the wild and I think that's the first time anyone has ever compared Vitalik but you're into a big cat so uh Marsal is this is this where we're at right now with crypto though is that nobody else has anything better to talk about so you're seeing two uh of the head honchos kind of go head to head about whose uh whose proof of stake is better I think when you get to the out of the technical debate in crypto whether it's about beef how to fry pans if eggs are healthy or not or if the covid vaccine works enough you get crypto experts or financial experts to give advice as Jo said about subjects they haven't studied for the past five to ten years so you should simply disregard those opinions and even if Charles Hoskinson is talking about Ethereum and he definitely understands how it works he has no idea about the plan that Vitalik is trying to implement for the future because he hasn't been actively working on Ethereum development for the past five years so he's not the right person to go to ask for comments and he's also the the CEO or founder or whatever of a competitor so obviously he's going to badmouth Vitalik's job so he's not the right person to ask for an opinion yeah I I think it's kind of silly and I I side with Jo here uh because I do think there is always something behind the scenes going on uh whether we we see it public facing or not uh I would like to think it's like two people arguing about whose lightsaber is cooler like it's just like let's get everybody lightsaber and then everyone can say okay then you can argue about it but like let's get the mass adoption zoom out for a second let's get the technology adopted first before we start having these arguments but that was our biggest headlines for this week for the market news uh I see the the chat is absolutely electric today uh so we appreciate everyone that's chiming in don't forget to drop your twitter handle in there one month free of markets pro I'm going to tell you a little bit later in the show why you want to drop your twitter handle in there because we're going to show you two tokens that you should have been watching on the platform but first things first we got to get into our crypto tips for this week all right do you have trouble choosing that long-term coin well I got some tips for you folks when buying that long-term investors must remember the majority of all coins will not exist in just a few years go back look at the charts from five years ago seven years ago and see what the top 10 coins were compared to now so it's similar to the dot-com bubble of the early 2000s most all coins are expected eventually fade away and become worthless a long-term coin will have a higher adoption rate in commerce and stores ripple has already begun moving into stores and banks which is good sign investors planning on investing large sums of money for long term must ensure that coin choice will last the seriously real risk is a coin becoming obsolete in the future rendering your entire long-term investment worthless so keep that in mind we use ripper heal as an example not necessarily endorsing that but look for those utilities look for those big institutions getting integrated in with these projects if you look back that dot-com era web 2 era you saw the aol's you saw the yahoo's come out and lead the pack at first then what happened well google came in and made some advancements and nobody could catch up amazon came in nobody could catch up so keep that in mind there's a lot of extrapolations you can make from the web 2 era into the web 3 era and making your long-term coin investments all right well i know marcell's got some trading insights for us this week he's going to talk about some of the news and information that you want to take notes get it's time to get out your pen and pad folks it's note taking time for marcell's trading insights this week marcell let you take it away okay bannon so guys let's be honest here the etune merge was a flop it was expected to bring some attention or maybe new investors flow to cryptocurrency and it didn't and what was the problem the problem was and it always is timing so the total crypto market capitalization had lost two thirds of its value on the previous 10 months more over let's face it the decentralized applications the demand for that vanished from the earth for multiple reasons and once we understand the reasons behind the depth failure or or the bad timing in the bad moment we will be able to understand when we're going to expect a new pump so firstly the gaming sector in bolded first it was axi infinity the game had over two million monthly active users and it suffered a hack on the tune of 600 million dollars back in march so sky mavis the developer had to reduce the payout to avoid a flu go up and users saw their NFTs in the game and the token value of the game quickly lose value so they exit the game a couple of months later we had the move the game step in dropping 70 percent in 30 days and right after that it was banned banished from mainland china so the gaming sector demand just vanished reason number two the defi yields they were greatly reduced so beside the implosion of the terra luna ecosystem the fall of centralized entities that were previously boosting returns on stable coin deposits and defi applications they caused a sharp downturn on yields so stable coin deposits for example they used to pay up to 20 per cent per year and now the yields are below four percent so the user the user simply exited the system reason number three metaverse and NFT markets they basically flopped the open sea transaction volume is down 98 percent from the peak that doesn't mean that there will never be a bull running in NFT and NFT marketplace but it means that those projects that depended on selling lands and digital assets to continue developing and paying out marketing expenses they no longer have this option so proofing point the central lands and the sandbox the two largest metaverse projects are down 87 or 88 from the peak so the truth is the merge was doomed to fail because it happened at a period where Ethereum average fees plunged from $20 or $30 to the current $2 so there was no no magic that could be done to savage this wreck because the demand for this decentralized applications was just not there so forget about lower fees or lower coin issuance the inflation because no one seems to care for that right now so consequently unless there's some real demand for decentralized applications and service will not see another bull run so forget about the story of coin issuance and fees what's going to drive the price up is users activity demand for the centralized applications excellent points in Joe I know you have some also some things to be talking about here but I want to emphasize that one point you made about metaverse NFTs it's so early in the development of all of this stuff that it is so hard to attract that core audience and they continue to build the mainstream bridges over there so great analysis there Marcel I'll hand this over to Joe though because I think you have a couple things that you'd like to touch on as well yeah for sure um thanks Marcel yeah that was I was actually taking notes there to be quite honest with you um noted that ethereum was a flop and unless there's no real demand there is no bull run so don't forget kids um well for me yeah I actually wanted to just elaborate a little bit more on the the currency collapse that's playing out and highlight some people that had already weirdly they predicted this I mean who knew this was coming who knew that printing trillion billions of dollars of money all around the world with different currencies would lead to the situation we're in now eh but the first one was Matt O'Dell on Twitter shared a tweet and I'll just read it a few now which is all about the milkshake experiment which is quite an interesting idea and basically it's that the as the US dollar is weakening but at the same time all other fiat currencies around the world are weakening more and because the dollar is the bedrock of the global economy meaning USD is used to buy anything worldwide it will kill all the other currencies before it itself implodes and the comparison here is that um it's like a milkshake because when you mix all the other currencies together the dollar is the only thing left standing and I guess everyone wants a sip of that milkshake at the end of it um but it's really weird just to see this theory which was a once a theory play out in real life as you know the euro went quite quite early as it reached it reached um pound euro sorry dollar euro parity and then the pound my currency from my home country also followed and is almost at pound dollar parity and the second one was to bring up the tweet from Jack Dorsey in I think it was early 2021 um you know Jack Dorsey is a really interesting figure right he um he from being the CEO of um twitter to now going full time into creating bitcoin companies um he's also you know studies a lot about money and monetary systems and he tweeted on october 23rd um 2021 so what is almost a year ago now um he basically said hyperinflation is happening ah thank you for showing the screen um it's going to change everything it's happening um so oh there there we go there's a tweet up on the screen hyperinflation is going to change everything it's happening and he was ridiculed back then I don't know if we remember but a lot of people were saying ah it's never going to happen you know this isn't you know vial republic germany or venezuela or um you know you name the country that's experienced hyperinflation recently whether it's lebanon or turkey or whatever um and you look at the dollar now which has double digit inflation the pound has double digit inflation if you told me this two years ago I would not have believed maybe a year ago I was starting to think about it seriously and here we are in September 2022 and it looks like hyperinflation is within touching distance and it's quite scary and surreal to see it all play out see I was just to elaborate a little bit more on the the currencies that we're talking about earlier and say that yeah some of the bitcoiners out there they realized it might might be happening so maybe we should listen to the bitcoiners a bit more we had it like how do we know we're in like a hyperinflation like state I guess what what are some main like indicators that you're looking for I have a couple um one is that things that shouldn't be stores of value become stores of value and I when I was studying uh university I got really fascinated with venezuela situation and it was things like um a hairdryer and a microwave well the classic is like second hand vehicles they are sold for substantially more than what you bought them for originally and we saw this in america last year because the second hand car market went through the roof and you know you could get your the classic yeah was it the Toyota Corolla your your laughing beds you did you experience this first time I know it's true yeah it's true so there you go there's you there's you one sign of hyperinflation um and yeah it can be really obscure things you know you're selling her you want to get a new hairdryer or something and you sell it for twice the price you bought it for a year ago um because you know hyperinflation isn't just about the fact that the currency is going up it's also indicative of the fact that the currency is also going belly up sorry the economy is also going belly up because you're struggling to get those imports you know this is what Marcel alluded to earlier um I'm trying to think of it have you got any others um Marcel I mean obviously Brazil is more hyperinflationary than other uh countries around the world are there some like sort of obscure or everyday examples there well I think that I saw an example today I think it was forgot a country it was not Brazil but the sugar or the basic uh supplies on supermarkets are subsidized there so there were people fighting for sugar at supermarket which is not really expensive there but the problem the issue is that you pay I don't know a dollar for the sugar packed and you can resell it on because it's subsidized and you can resell it on the street five minutes later for three dollars so people were scrambling trying to buy the sugar and even for me was that was those guys trying to arbitrage sugar what the fuck but then you understand that earning two dollars if you do it 10 packs and if you do it I don't know five times a week it's a month's salary and if you live in a third world country it's a lot of money so I think those little things are more important than the price of the houses or the stock market going up because the poor guy the average guy doesn't care about the stock market doesn't care about about the housing price he cares about the day-to-day living costs so that's what I think it's more essential we have had another example comes ahead um it was um about a a sign which said please don't fly tip money um which means you know please don't throw away money because you know when pennies and coins you know like one pence or a two pence or a five pence ten pence pieces when they effectively become worthless and they're sitting around your house you just go well I'll just throw it in the bin because it's worthless and there was a sign on a it's like a fake website that does like sort of jokey news that's almost true and it was saying like you know please stop throwing away all your ten pennies into the lake you know it's polluting the lake and I had to like do a double take him like wait is that real I'm not actually sure over here and you know double checked but it's the sort of thing that I'm like oh god we're getting close to that stage where you know ten pence used to buy you like a small chocolate bar or you know sweets or even like a tiny um carton of milk now it gets you nothing like the ten pence is literally basically worthless it's a shit coin everything's turning into a shit coin yeah literally a shit coin uh yeah so I know you have uh is there is there another article I think talking about some mainstream headlines here um oh yeah anything else that you want to touch on Joe yeah I'd love to fire up um the headline of the New York Times article piece that was released um just an hour ago it's just um parts of a quick sort of financial update and um it basically talks about um you'll never guess who's just arrived it's the head of video at coin telegraph it's Jackson um I'll have to get them to come around onto the camera surprise appearance um uh but yeah basically they're talking about how currencies around the world are tumbling except bitcoin so they brought up the fact that um bitcoin spiked six and a half percent overnight and uh has gone up over the past seven days but while that's interesting in all of itself this is also on the New York Times so the New York Times only really talks about bitcoin when it's um dying or when it's you know completely spiking right this is like classic mainstream media territory is what I used to do at Bloomberg as well you know we to some extent celebrate it when it's high and then we lambast it and we kick it down when it's low and here the New York Times is talking about bitcoin in a uncertain period where the dollar is sort of this flight to safety and yet they're also talking about bitcoin in the same breath it's it's bizarre so maybe maybe we're also seeing a sort of weird turning point with mainstream media journalists who are also realizing oh maybe there's something to this bitcoin thing and I should do a bit more research it's yeah interesting times shall I get Jackson's come on let's let's get Jackson on the show Jackson get on here Jackson come down the show we're live we're live today hello to our world what's up there is the head of video special guest appearances to the guest appearance good deal all right well uh we appreciate Marcel Joe thank you guys for talking us through some of those insights um big stuff coming up for us we got to jump into our markets pro segment this week so let's go ahead and talk about some of the two coins that you should have been watching that lit up the Richter scales from the newsquake alerts and from the vortex score this week so let's go ahead and jump into our markets pro segment for this week all right well we saw a newsquake happen this week for XRP newsquakes are those automated alerts that instantly notify users when market moving events happen in addition to traders increasing optimism about the outcome of the ripple lawsuit ripple also announced this week that would expand its partnership I remit around the same time it announced a partnership with bit pay which also allows merchants to accept XRP as payment newsquakes alerted markets pro subscribers to all of this news as it dropped on September 21st at the time XRP was trading at right around 40 cents traders who bought this price point could have benefited from a 35 increase when XRP is priced later peaked at 54 cents the next day another newsquake alerted traders of ripples partnership with armin van buren's label and traders who weighed into this price point could have seen a 22.7 price increase so big news surrounding ripple this week lots of big newsquakes from the markets pro platform again you got to have the marks pro platform that's why we're giving away one month subscription today for all those folks not all the folks but for a select winner inside of the chat who drops their twitter handle in there moving on let's get into the vortex score vortex for this week last week I guess I should say lit up for dig I feel like we've talked about dig a couple times here on the show and the vortex score and the dig just love each other for whatever reason and the vortex score is a comparison between the current market and social conditions of those in the past score of 80 or above considered confidently bullish conversely the low indicates historically bearish conditions a crypto winter drags on and a few coins are performing according to historically bullish patterns however dig is one of the few assets for which works takes were out and continues to note potential trading opportunities based on historical trends high vortex scores briefly flash for the asset September 20th when it was trading at $3,331 and then a few days later jumped up to about $4,000 with a big increase of 20% gains that is huge so again that's why you got to use the markets pro platform for the vortex scores and the newsquakes so drop that twitter handle in the chat we'll be picking that winter here shortly all right let's get in some closing thoughts today guys what are you gonna leave our audience with here what kind of words of wisdom what kind of light at the end of the tunnel can you leave folks here with Joe why don't you kick us off first sure I mean I've just I just checked the charts there when you were talking about markets pro and we've bartered really hard we're now you know sub sub 19k so I guess one other thing is if you're a trader don't forget to take profits on the way up um in real life um hug your kids if you got kids if not hug you hug your pets it's dark and stormy out there and just remember it's never never too late to do the right thing um in life uh so yeah I'll leave you with some words of advice there rather than some sort of monetary or fiscal uh advice and of course buy bitcoin you know what else are you gonna do with your money if you've got anything left over at the end of the end of the month buy some bitcoin and that's me very good all right Aiden Marcel what you got for us this week okay Benton so my general tip for this week would be uh guys stop searching for the the the plants the the little things and start looking at the forest because we're losing sense to what's happening out there with the world with our friends with our family with the countries with war and etc so I'm not saying that you should log in at CNN to watch the news but you should go outside talk to friends and talk to the community and maybe you're gonna get a different feeling from what's on tv and maybe you're gonna have a different ideas about life and what to do because sometimes we just lose too much time watching ads charts and that's not what likely that's not what's gonna make you a brilliant idea and make you extremely wealthy and going outside and talking talking to people and having ideas and putting putting concepts in in practice even if it's a whatsapp group and you find friends wow why don't we build this kind of business why don't we build this lighting network experiment or wherever it's when you converse when you talk with other people that those great ideas emerge so I'll do more of that getting philosophical on us this week more so love it bear markets not go anywhere folks you're not going to be missing much so even in these little five percent rallies we see a quick drawdowns the fake outs are here that's going to do it for this week I want to go ahead and give away our markets pro subscription so I see Tejira Ojada and that is at TJS M-A-L-L-S congratulations you are now a one month subscription winner for markets pro so congrats to Tejira thank you everyone for tuning in from around the globe we love having you here on the show we can't wait to bring you hopefully what will be more green next week so that we can talk about what is next for the macro markets and hopefully we will start to make moves towards what will one day be a bull market that we will all remember if you haven't liked subscribe go ahead and do so now we appreciate everyone for tuning in from around the globe this has been the market report on coin telegraph until next time


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The moment you come here, your age is down by 20 years. It's so infectious to be along with the cadets. Prime Minister is also putting on the NCC cap, which he does every time he comes here. The senior officer is going to give the parade straight to Prime Minister. Ladies and gentlemen, the guard of honour is being presented by the fourth contingent of the national cadets code, led by senior under officer Rajavardhan J. Desai. Our honourable Prime Minister is piloted by NCC. All four wings of the guard of honour are being presented by the NCC. And I think that under officer Rajavardhan Desai is going to give the parade straight to Prime Minister. To the Prime Minister, NCC's senior under officer Rinki R. Singh bhaiyore and Kerala and Lakshadeep N. Desai are being mined. The 36-year-old NCC's cadet, Captain Abhish Rana, is conducting the parade. Uttar Pradesh NCC's cadet, under officer Sintarth, is conducting the parade. We have seen a Rinki junior under officer Shaina Chandilwara. NCC's regimental centre, Jabalpong. The man master is Subramanian Abdul Ghani, playing the tune Dhruv. Perfectly presented guard of honour. And the honourable Prime Minister is now being led towards the saluting base. NCC was compulsory only for five years, 1963 to 68. Post 1962, Chinese aggression. 17 directions. NCC in our country. We present their marching contingent. We present the saluting base. No matter where it plays, it reverberates in the hands. Absolutely. And now you can see the Cavalry's. Cavalry were soldiers of warriors who fought mounted on horseback. Cavalry is historically the most mobile and flexible of combat arms. The regional soldier in Cavalry was known by a number of designation search as horseman, dragon, trooper and cavalryman. Senior under officer Gurbeer Shabir Singh, Guruar Shabir Singh of Punjab, Haryana, Himachal Pradesh and Chandigarh directorate. Mostly followed by under officer Mukul Mahadev Singh. Good morning. With the army flag, that is with the national flag is Guruar Shabir Singh. They are carrying all the flags. SEO, Mamta chair of Punjab, Haryana, Himachal Pradesh and Chhutisgarh are carrying the army flag. Guruar Shabir Singh, Delhi directorate. They are flexible of combat arms and with the naval flag on archer. Now it's absolutely delighted. The horsemen are SEO, Sai Ganesh of F.E.M, Telangana, Tishar, Rakshika and they are the first ones. The Andhra Pradesh and Telangana contingent SEO, CH, Lakshmi Narayan is leading the contingent and the board bearer. It's here where Sai Ganesh was. He was rise to the prime ministers. That is for Bihar and Tharkhand. SEO Vishal Kumar is the commander and credit Khundan Singh is the board bearer. And the sergeant Prakini Sheh is the plakkar bearer. The revival of the next committee is Gagan Lafale. That is the Maharashtra. SEO Gagan Lahaale is commanding the Prakini Sheh. Senior Under Officer Yash Kumar, S.H.K. Senior Under Officer Karthik Havaan Now, Senior Under Officer Vishay Kumar, Black Heart Bearer, Black Heart Bearer, Senior Under Officer Harishwar Tad Senior Under Officer T. Praveen, Senior Under Officer T. Praveen, Black Heart Bearer, Get that, Sveen. Pajam Haryana Hemacha Mutesh and Chandigarh Nideshal Senior Under Officer Imran Khan's commander I am Blaykar Bahak, Junior Under Officer, Mathur Ritumar. This is a Rajasthan contingent. Senior Under Officer, Unkit. And now he is in the command. Akadvera, S.E.O. Sanjeev. And Nekoba Island contingent. S.E.O. M.A. Akadvera is C.E.O. A. Raja Marath. They camp here in Delhi from 1st January onwards. Then watch the beating retreat tomorrow before their departure for their respective places. Jamal, S.E.O. Aayush Jamal. J.O. Lalit Mohanbhora. Commander and a Placket Bearer respectively. V.S.Pengolan S.E.K. M.A. S.E.O. Devashi Sharjah is in command. J.O. Harishankar Sharma. Very smartly turned down generals, admirals and air marshals. These are the contingents of our guests from across the world. In the Youth Exchange Program for us contingent of Bangladesh. Led by Gadet Sergeant of Sohanu Rehma is Gadet Under Officer J. Mohan Nahar Juti. Followed by these smartly turned out Gadets from Bhutan. Now, Placket Bearer, Scout Ugi Rehma and the brave commander Scout Tandik Manju. These are all our friendly foundations to have a distance program within 10. Followed by Kyrgyzstan Placket Bearer from Mali. All these, one of the star countries followed by Nepal. All these neighbor Nepal and of course lot of Gurkhas are there in our army also. Number of Gurkhas are there, number of Gurkhas are there. That is Russia. They have got different steps for the parade. The knee step and then the march on the hills. The motto, serve with pride and dedication. The motto, serve with pride and dedication closely followed by Singapore. Led by Mohan Khan from Singapore. Placket Bearer is Master Chief of the officer BGC. They are unprepared. They are the Sri Lankan Gadets. That is the Vietnamese Gadets. The marching and having a stroll on the army parade ground also simultaneously. That is the Army Pie Band. And by Hamid Narinder Singh. The countries from which we had this youth exchange program and more than 100 cadets, boys and girls, for this and their with our cadets for the last one month. Army Band, and Mali as for the marching contingencies. Concerned a lot of things in store for us still. Absolutely. And we tend to call the Republic Day Pariet Camp here of the LCC as a mini India because cadets come from all across India from all the 17 directorates. But it is more of a depiction of Vasudev Guttambukam because we have foreign cadets who come here and stay as one of us for that one month. The Gadets share so much together and this is the beginning of the army wing activities. Yeah, these are the, we'll see some quick reactions from advanced light actors and me 70 helicopter. Ideal weather to fly and helicopters they have to fly low and you can see it's coming as low as possible. Rahul Raj, they're there in those helicopters. It is quite a sight to see these helicopters right in the middle of the Karyapa Pariet grounds. It's a great thrill for the spectators here and I'm sure for the viewers at home. Known as the V-Tall and S-Tall, you know. Vertical takeoff landing carriage and short takeoff landing carriage you can see them doing the slithering actions. Have you ever done slithering in general? In your youth? In your youth such slithering action was not really involved but as in a little, I will not say a little elder positions I have done it twice. So you can quite understand the thrill of this action for the Gadets. Absolutely, it's generally stationed at 10 meters which is top of the three floor roof you can see these are the boys and the girls and not only the boys they have just come down the slithering action they're occupying some positions to secure that area so that a bigger force to the slithering operations can come down. General, this slithering operation how high the helicopter can be if we talk more about the height from the ground. It's generally 10 to 15 meters never more than that the slithering actions because they're securing the actions team of girl cadets are on red jackets and boy cadets in blue they have touched the ground and now they're trying to secure the ground. What is the exact purpose of this activity? Why is slithering done? It's behind the enemy action just lean some of the places where you cannot do it's not fit for the parallel landing or the para jumping there you have to put the slithering action just behind it it's a very very daring action and behind the enemy action suppose you want to blow up the communication center or do some damages as you call it boat burning scorching policy then you have to do that and this particular action as you call it as they've infiltrated this is not complete till they have done the job and they have exfiltrated now after the slithering operations they are going back and the route out of these helicopters will be different than the routine otherwise routine by now probably they have already put some aircraft guns, anti aircraft guns so route out has to be little different from the routine and so because this is a covert action one should assume it is done at night generally it is done at the stroke of a last lights best time is the twilight zone half an hour before the sunset and about 45 minutes an hour after the sunset and it should be done when the moon is in the third third quarter not doing the full moon and all but when you talk about twilight they can still be seen so it is an act of daring isn't it there is no doubt about it there is tremendous amount of challenge involved in such operations generally in this there is a lot of danger especially when we are talking about slithering and the opposite of slithering when you were talking about the routine and the route out the opposite of that how does this whole operation requires a tremendous planning first is infiltration second is securing the base third is getting some little more forces like those red flags are depicting the enemy guns, enemy vehicles, enemy archers and the guided missiles and you have to go behind the enemy line and destroy some of them in addition to the effect it causes tremendous amount of panic and the opponents say that they can come behind us and do that so as a chronology first we have this slithering and then we have an attack on the enemy position is that right absolutely attack on enemy positions and you now Raksha month is very intently looking at it I must be thinking if the boys and the girls can be trained like this and if that spirit can be inculcated into them they definitely have a good future those red flags we call it Lal Desh and Nil Desh what we generally have in our war games and all they depict the enemy General one more thing that is coming to your mind that you are telling that the enemy vehicles are shown in the flags and apart from that when we were talking about slithering and how it goes into the area of the enemy one thing that comes to your mind while slithering how many weapons do every young man have and here there are no weapons absolutely this is ATGM as we call it anti-tank guided missiles they are going and they are taking the positions and they will give the covering fires before our actual forces can go and do the operation and here after every round the fire they have to change the positions otherwise they can be detected and they can be shot these are very very challenging operations now you will see the tank and VMPs that is the anti-tank vehicles and the armoured coastal carriers they are going and anti-tank elements of the enemy firing from the distance and the advancing column of hours these are known as the combat team and the combat group action they are always in concern tanks and the APCs the flags you can see of course every time during the war but you can make out which is the squad commanders which is the troop commanders and now moving for the assault the enemy defences to make the enemy unstable and to infuse shock action so this is when the enemy is also firing at them so while this operation is underway they have to be so careful and have the kind of cleverness of a fox to ensure that they evade any kind of firing from the other side careful I will not be using that term just let me the point is our artillery is also in action our artillery is also trying their best to keep their heads down as we call it the position is softened and thereafter it is done as you can see the APC is going with the troops which are supposed to be inside the APC they have dismounted and they are going and now of course without 50 meters left now they will be absolutely desperate to go and those red flags as you can see they are depicting the enemy trenches and they have Ghop Nikal as you call it that means this is the last this is the killing instant very carefully the enemy is coming out from there that is of course for the purpose of demonstration as you can make out but in the theatre of war this is when it is annihilated isn't it absolutely the artillery fire is on the tank fire is on the APC is on and finally of course the enemy goes and generally what is the meaning of this smoke let me tell you that was shown in the in the meantime we can see the paraselas all the extreme that the parade ground the paraselic and it requires some guts and it's a tremendous challenge and thrill you know Jasleen you are on the high up over there and the but this cadets is so easy they are showing us as if like parindo someone is flying in the air and it is looking so easy but this requires a lot of discipline and a lot of practice the first one we can see is J.U.O. Pooja junior under officer Pooja she participated in PM's rally in 2018 and Republic the parade in 2019 barred down saluted prime minister on the dais and now that is Pooja going there she is J.U.O. Pooja got to have the correct amount of wind and the breeze to perform these activities NCC has made five parasailing centers and here we are seeing the cadets and officers who are doing parasailing in front of Salami Munch and the wind the wind conditions perfect today for parasailing absolutely very tremendous sird in Medha she did the Parabasic course in November 19 she was the second there who was just there on your picture screen she also did a little dip to salute prime ministers in the saluting dais daring girls absolutely how easy is it to control these sails you are talking about dipping down to salute the prime minister or the chief guest how do they control themselves They can totally different strings and all as you can see the next one was Cadet Captain Anu It's just airborne at the moment and The speed of that one is also Has to be adjusted along with the bees available there But it's a tremendous thrill to go up there Next one was Anu's Dabas, Pichu Bal Singh and you can see The army wing coming there These are various tabloos Army tabloos Thalsena Parikshan In the form of drill and marching which is one of the most important facets of the training Drills and marching this that's the leading tablo Army NCC cadets also undergoes a rigorous OT training as we call it Obstacle training curriculum and increases the stamina Endurance and instill confidence in them And this is the naval wing tablo which depicts various training activities which are undertaken by naval cadets in this week We are seeing a semaphore message being given the messages Unity and discipline which is the motto of the national cadet corps so generally even in these days of Digitization, they have to depend on semaphore messages That's the last resort frankly speaking semaphore message Of course everything Pinhole camera is still in use for some purposes. So in the same manner semaphore semaphore is Little outdated, but when the weather condition is very bad You just can't see anything. There's some problem with this thing So the semaphore is always there like you have seen an ATC There's an outside railing when everything fails the people has to come out and show it to the aircraft To that extent semaphore NCC Yuzena Ki Jhaki In which the cadets of the Yuzena wing are shown by the images of the Yuzena Here It is shown while presenting Sports and adventure tablo this one And the NCC boys and girls have made a very very proud Mount Hanuman tibba Which is almost six thousand meters They've done that and these are certain social activities environmental and social activities tablo suchpani and Then of course swathchatha you can see it's being closely followed by that NCC boys and girls they do a lot of human service and we are also seeing blogging which is a new term Which means cleaning while jogging which has been taken up in a big way by the National Cadet Corps And of course this has been especially an example has been set By the Honour of the Prime Minister himself. We saw him on the beaches of Mabali Purim picking up plastic waste on his early morning walk Absolutely, he must be a very satisfied man that what he did during that summit meeting While having a walk in the Mabali Purim early morning has been taken as a lesson Every good lesson has to be taken up The National Cadet Corps cadets have also been at the forefront of spreading awareness about save the earth campaigns So there was a span India cycle rally which had been organized and we saw a bit of that on the table as well This is the mass band display Finally all bands have come together and that is one program where everybody is looking for band Down the middle, plus band followed by the pipe band Khushi and Utsav ka Pratik, band and Sena ke liye, NCC ke liye aur bhi avashak All signing school, Pilani band, Sindhya band, Gurakal band, everybody has come together and you'll hear their display Firstly of course the brass band followed by the pipe band Pilani band, senior under officer Charu Sharma Junior under officer Malhotra, Sajanthu, Malik aur abhi Pradashan Pilani girls band has been playing here and Performing at Rajput for the last 54 years That's a long long time, isn't it? Just of the tunes we started your cadets band, there's no army band in it You can see that that will be there in the pipe band But here it is The cosmos we have said Rakesh Sharma or a restaurant was asked What can you see as for the India is concerned and he answered Saree jaan asya chah He is reduced by 10 years of nation First, that's the motto Cadets will do some fantastic floor program now As they're getting ready Start with it is Malakham dance Green India Ye hai mera dream India We are going to see a display of some of the rich heritage of folk dances Malakham Then that will be followed by Mayur Nritha, Gol Kali And of course Bhangra and Rajasthani folk dance And those are the dances which put everyone in the mood To tap their feet along with the dancers There is a lot of excitement here Amongst the audiences, the spectators, the thrill The grand finale of this dance performance Showcasing the theme of Eik Bharat Shreya Stapharat The idea to accomplish the dream of a unified nation When the flag of the world is flying Every flag of the world is proud When the new flag is flying And now in a few moments The next event We will see that Today The Prime Minister is waking up in the NCC rally He is carrying out his parade ground And now he is performing the ritual Every single event of the Prime Minister's rally is important And means a lot for these cadets But this I suppose is the most important of all Because this is the prize distribution ceremony And this is not only today's the whole year's hard work You know, they have different camps Youth exchange programs So our cadets all to go to all those countries From where those cadets have come from And now Prime Minister is being assured in To give the prizes To the proud prize winners And of course at the end of the day There will be the best directorate And the second best directorate also Best cadet, Jyudya Vain Ami Cadet, Anushka Sharma Banyana Himachal Pradesh And Chandigarh directorate Proud winner Anushka Sharma If nothing else Virat Kohli will be very happy Best cadet, Jyudya Vain Nevi Cadet, Raj Naidu Andhra Pradesh and Telangana Directorate The moment of his life Best cadet, Jyudya Vain Gia Force Flight cadet, Surya Sanjeev Tamil Nadu, Puducherry And Andhra Manan Nikoba Island Directorate Best cadet, Sinha Wing Army Sinha Cadet, Captain Devika That was actually Sergeant Babna And this one is the best cadet, Sinha Wing Nevi Army, S.Pai This is Sinha Wing Nevi Senior Cadet, Captain Devika From Punjab, Haryana Himachal Pradesh And Chandigarh directorate Best cadet, Shashi Khan Telangana Best cadet, Nevi Sinha Wing Is of course Shashi Khan Tupada Of Andhra Pradesh and Telangana Directorate Best cadet, Sinha Wing Air Force Flight cadet or Reshma of Tamil Nadu Puducherry and Andhra Manan Nikoba Island Reshma getting a word of encouragement From Prime Minister Of course Next one This is the Air Force cadet Reshma Finally The whole year's effort Rana's of directorate Maharashtra directorate This is a tremendous moment of joy Number two out of the 17s And now the champion directorate From west now it has moved to north This is Punjab Haryana Himachal Pradesh And Chandigarh directorate The MCC flag will remain with them For next one year Next till 27 January Next year 28 January Who knows They might defend it They might have to hand over To some other directorate This is really a proud moment For the directorate The banner is being fixed By Prime Minister himself Very very proud moment For the whole directorate Now Prime Minister will go and take a photograph That will be a very very memorable photograph For all the prize winners Prime Minister will go and Take part in the photo session Phuraskar, Protsahan and Prena Garhb and Gaurav With Prime Minister Manini Remembering of the photograph After the battle This Gaurav has achieved Proud moment for all the Cadets, the prize winners especially Now Prime Minister Will encourage all the cadets Who are present here And who are there all over the country In the ministry of the motherland I have here Suman Rajanath Singh Ji Sripad Yasho Nayak Ji Chief of Defence Staff General Bipin Ravaj Ji Three of the senior officers Raksha Satyu Director of National Cadet Corps Our guests from our country And from all over the country My young friends from NCC First of all I wish you all For the work here Very very happy Today The friends who have received the prize I wish them all the best I wish them all the best I wish them all the best Under the Youth Exchange Program Our neighbouring countries Our friends There are many Cadets Who are present here I wish them all the best I wish them all the best Friends NCC Forces of the country Discipline Determination And the foundation of our support for the country For the nation's road or governmentografically And with the development of the country, we have a direct connection with the youth of the country where there is a strong and strong will, a strong will, a strong will, a strong will. No one can stop the development of the country from the speed of development. Friends, today in the world, the identity of our country is in the form of youth. More than 65% of the country's population is 35 years old. The country is young, we are proud of it. But the thought of the country should be our responsibility. And what does youth mean? People who are tired, have the courage to think without thinking, and have the courage to do something for the new country. What kind of things do they talk about? You must have also paid attention. What do they say? Come on, brother. Do as you are. Adjust. Come on. What kind of time do we have now? Come on, let's go ahead and see. Why are you in such a hurry? Come on, let's go ahead and see. Friends, people who are of this nature, they will never come tomorrow. You will definitely find people who think more. The youth of India today, the youth of India, are not ready to accept this situation. They are scared that this freedom will be so strong. How long will things continue to be like this? How long will we keep holding on to our old weaknesses? They are not ready to accept these problems. They want to change the country. They want to change the situation. And that is why he has decided that this is the end. This is the end. This is the youth's thought. This is the youth's mind. This is the youth of India. We are working together on the challenges of the past, on the needs of the present, and on the lessons of the future. Friends, after joining NCC, you work so hard. When you are called, you reach. Along with that, for hours, drills, practices, everything goes on. Inside you, it is a judgment that you will study, and you will do something for the country. But what is the situation outside? Have you ever been attacked by terrorists? So many innocent people have been killed. Have you ever been attacked by the Indian terrorists? So many youth have been killed. Have you ever been attacked by the Al-Ga'aw? Have you ever been attacked by the Indian terrorists? Have you ever been insulted by the terrorists? Come, day, there are news of millions of crores of people. We are not ready to accept the news. Youth of India is not ready. New India is not ready. Friends, sometimes if you are sick, and you are not well for a long time, then that disease becomes a part of your body. Even in our national life, this is what happened. So many patients have made the country so weak that it takes a lot of energy to fight them. How long will it last? How long will it last? How long will it last? How long will it last? Think about it. Since the country was liberated, there has been a problem in Kashmir. What did they do to solve the problem there? 3-4 families, 3-4 families, and everyone's strength is not to solve the problem, but to solve the problem, to keep it alive. What was the result? Kashmir was destroyed by the terrorists. Thousands of innocent people were killed by the terrorists. Can you imagine? Thousands of people who live there were forced to leave the country overnight. And the government couldn't do anything. The one who encouraged the terrorists was thinking the same. The one who weakened the government was thinking the same. Does Kashmir walk like this? Like it was walking? Friends, in the Jammu-Kashmir, Article 3-370 was mentioned that this is the situation. It was also mentioned in the constitution. This is the situation. But the tens have passed. The constitution no one has the courage to remove it. The same was the reason, the same was the thought, the same was our own, the same was our political party, our vote bank. Do we, the young people of our country, give such a country where the terrorists remain in Kashmir, where the terrorists remain dead, where the terrorists remain dead? And the government kept on watching the drama? Not at all. Kashmir is the capital of India. The people of Kashmir and the people there had to get out of the old problems. It was our right. And we did this. After 70 years, from there, Article 370 has been removed. Friends, we know that our neighbouring country has lost three wars with us. Our soldiers don't take more than 10 days to destroy them. In such a way, those 10 wars are fighting against India on the battlefield. In this war, thousands of people of India have been killed. Thousands of people have been martyred. But, what were they thinking before taking it?  Because of this thought, terrorists have been martyred. People have been killed in terrorist attacks. India has been destroyed. A lot of things have happened. A lot of language has happened. But when our soldiers say for action, they are refused. They are put to death. Today, youth is thinking. Youth is moving forward with the heart. That's why they are trying to do surgical. They are trying to do air strike. And terrorists' questions are taught at their homes. What is the result of this? You are also seeing it. Today, not only in Jammu and Kashmir, but in other parts of the country, peace is going on. A lot of terrorist attacks are going on. We are moving fast. And the day of the strike will not be far away. Friends, first with North East, with the kind of policy that has been adopted, with the kind of policy that has been announced, you know it very well. Till the tenth, the expectations of the people have been seen. There are no people there. The problems there and the challenges there have been left to their own. Five, five, six, six, ten, there are many areas that are worried about the strike. Because of their demands, many terrorist groups were born in North East. These groups were not satisfied with the world. They used to think that there would be a way out of violence. In this violence, thousands of insiders and thousands of security guards had to be martyred. Do we leave North East to our own conditions? Do we leave our own brothers and sisters with the problems they have to face? My new friends, this is not our culture. This is not our culture. Today, with North East, you must have seen it on your mobile phone and on TV, and on media. You must have seen it on TV. You must have seen it on media. It is a modern history with a lot of problems. There are five, six, ten, And the other side is a very open mind, with an open heart and a very open heart. And the other side is a very open mind, with an open heart and a very open heart. And the other side is a very open mind, with an open heart and a very open heart. And the other side is a very open mind, with an open heart and a very open heart. A few days ago, between Mijoram and Tripura, the result of understanding the Guru Janjati was this. After understanding this, the solution to the 23-year-old problem related to the Guru Janjati has been solved. Now they have been free from the biggest worries of their lives. For years, these people have been living a peaceful life. There is no future for them to live, no future for the children. We took everyone together and found a solution. With everyone's support, with everyone's development, with everyone's faith, we are advancing the country. Friends, what kind of people will this country have? Who will not think? Who will not want our army to be unarmed? Who will not want their country to have unarmed soldiers? Every nation will want this. Every national devotee will want this. But can you imagine? For more than 30 years, our country's army will not have a single, single next-generation fighter plane. In the old days, our army was defeated by the hands. Our fighter pilots were martyred. But the people who were responsible for buying the new army, they did not have any worries. Were we going on like this? Would we let such an army be weak? No. We started the work that was done with three tenets. I am satisfied that after three tenets, we have found the next-generation fighter plane. Very soon, he will fly in the sky of India. Friends, we do not have any government here. We have people who had trouble giving bulletproof jackets to the young people. In 2009, our people kept asking for bulletproof jackets. But they did not pay attention to what they said. Do my people have the right to use bullets? He has sworn to die for the country. But his life is much more precious than ours. That is why our government has ordered us to buy bulletproof jackets for the people of Egypt. In fact, India is now increasing the demand for bulletproof jackets to other countries. Against the youth of the Adios army, there is a sense of self-respect in our minds. They do so much for the country that they feel the same way. But listen, friends, listen carefully. Their 40-year-old demand for bulletproof jackets will not be able to be completed by the previous government. It is our government who has completed the 40-year-old demand. It will be able to complete bulletproof jackets. Adios, our brave soldiers who protect the country's self-respect are now asking for national war memorials. In the same way, to keep the country safe, we are asking for police memorials for the people of Egypt who have lost their lives. Can anyone imagine that for this one job, for 50, 50 years, 60, 60 years, we had to wait for what kind of a way it was. What kind of a thought was this? The sin of forgetting the martyrs of the country? We have tried to commit this sin.  Today, there is a national war memorial in Delhi and a national police memorial. Therefore, in today's world, there is a change in the military conditions on different levels. For years, we were discussing that to increase the synergy in the three armies, to increase the coordination, to increase the leadership of the defense staff, to increase the coordination of the CDS. But unfortunately, we were discussing this. We were going from one table to another. No one decided. We were thinking, what was the use of this? Let it go. Friends, the union of the Department of Military Affairs and the union of the CDS, the union of the CDS, this work was done by our government. With the same young thought, which says, don't delay. It's time to make a decision. And keep this in mind. If there are three, one by one, then there are three. After the CDS, whether it's water or land or land, one by one, one by one, one by one, there are three. It becomes 111! When the union of the CDS is free, then who is the shareholder, who is the advisor? Who is the wage living? Why those who have undergone the rule of independent India have come to know the situation where they have created the world? I don't want to go into the world of war. After independence, independence was promised to the Hindus in Pakistan, Bangladesh, Afghanistan, and other small problems. If they need it, they can come to India. India will stand with them. This was the same desire of Gandhi. This was the feeling of understanding that Nehru Lea had in the 1950s. In these countries, the people who had been killed because of their state, India had the right to give them shelter. But with this issue, and with these hijackers, they have lost their face. To stop the justice of such people, to fulfill the old Indian promises, our government has brought the Citizenship Amendment Act today. Such people are giving the citizenship of India. So some political parties have started to take over their board banks. Who are they working for? Why are these people being held in Pakistan? They can't see. They can't see. Only because of the state, in Pakistan, the people who have sinned against these women, they are being forced to do so. They are being insulted. Why are they being forced to do so? Answer them. Friends, some of these people are begging for the voice of the Dalits. They are the same people who can't see the Dalits in Pakistan. They forget that the people who have come to India because of their religious propaganda, are mostly our Dalit brothers and sisters. Friends, some time ago, in Pakistan, the army there, on the other hand, the army there had published a statement. What was the statement given by the army? That in the army, the statement was for the welfare of the workers. By reading that statement, they will be shocked. What was written in those statements? What was written in those statements? For the welfare of the workers, they can only apply what is not Muslim. That means, for whom was this statement? For our Dalit brothers and sisters. For this, for the benefit of the people of India, and we are sitting quietly, this statement is from there in Pakistan. Friends, during the partition, many people left India. But after going from here, these people used to give their rights to the wealth here. In the midst of our cities, millions of crores of wealth were not working on the rights of India. Till the 10th century, the enemy property bill was shut down.  I will ask again, for whom was this done? Those people who were opposing the Citizenship Amendment Act, those people were opposing the enemy property bill. Friends, after the partition, India and before that, even Pakistan was in some areas in the middle of Bangladesh. There was no doubt to fix this partition. If the border will be destroyed, then how will the Ghuspets stop? For their own benefit, keep the partition locked. Open the way for the Ghuspets to come. Keep running your politics. This is what was going on in our country. This is our government who solved the border dispute with Bangladesh.  We understood each other and came up with a solution in both countries. I am satisfied that today not only the border dispute has been resolved, but also the relationship between India and Bangladesh is on a historic level. Both of us are fighting with poverty. Friends, during the partition on the river a lake was drawn. This lake separated the Gurdwara Kartarpur from us. It was a part of Pakistan. Kartarpur is the land of Guru Nanak Dev. The foundation of the Kerala nation is connected to that sacred land. It has been left behind. And I would like to say that when the 90,000 soldiers of Pakistan were made to be our soldiers, they were in the arms of our army. The country could do anything that it wanted to do. When the 90,000 Pakistani soldiers were in our arms, we could take back Kartarpur Sahab. We could change the fate, but it was not done. The soldiers were waiting for Kartarpur to arrive. They were able to see Guru Bhumi. By making Kartarpur a corridor, this work has been done by our government after 70 years. Friends, Sri Ram Janmabhumi had a fight with the sages. In court, the cases were going on. For political selfishness, we should fight for the people of the country. This is what was going on. This country has seen many different ways. Today, such important and important cases have been decided. Friends, our government's decision to solve the 10 old problems is that the people who are raising the colour of the sages have also seen the country. And they are seeing it very carefully. I will say again, they are seeing the country and they are understanding the country. It is true that the country is quiet, and they are fully understanding the situation. How can the vote bank be fooled by the sages? This country has also known. Friends, by making politics of the vote bank, the problems have not been solved. Because of this politics of the vote bank, Muslim sisters and daughters have not been able to get rid of the fear of triple divorce. While many Muslim countries have already banned triple divorce. But in India, this has not been done. That was the thought. Neither will they change, nor will they change. That is why the country has changed these people. This is our government who has made the law against triple divorce. It has given new rights to the Muslim women. It has given respect. Friends, the country in which the country is being established in Delhi, today, lakhs of refugees have been settled. With time, lakhs of people have come to Delhi and settled. In Delhi, more than 70% of the people living in the colonies had not been the owner of their house until the 10th century. It was their own house but it was not in the eyes of the law. More than 40 lakhs of people had been asked to give them the right to own their house. But until the 10th century, they were not paid attention to this demand. When our government tried, it was also done against triple divorce. This is India's thought. This is the thought of New India. The one who has removed the biggest concern of the 40 lakhs of people in Delhi. The benefit of our government will be for Hindus, Muslims, Sikhs, Christians, no religion, no caste, whoever has the right, will get everything. So, for us, every nation is important. And with this thought, we are moving forward. Every young man sitting here, wants to end the protest in the country. The protests of our nation, were going on like crazy. But the government never tried against the protest. Our government with the power of chandan, adhar and mobile, is trying to control the protest with the help of the technology. Our government was doing this and doing more than 1,77,000 crore rupees, which were going in the wrong hands, stealing and stealing. It has saved him from dying. Friends, in 1988, a law was made in the country. In 1998, against unlawful property, the country's government had passed it. But for the last 28 years, this law has not been applied. Against unlawful property, these people have put the law in the dustbin. Those who are talking about the constitution, those who are talking about the culture, those who are talking about the culture, had thrown it in the dustbin. This is our government who has not only applied unlawful property to the law, but also used 1,000 crore rupees of unlawful property until it was applied. Friends, in our country, from the place of the cleanliness, from the place of the kitchen, in the same place, 500 companies were running. Can you imagine 500 companies in the place of the kitchen? What were these companies doing? The black money here and the black money here. This was their job. Today, my dear friends, you will be happy to hear this. Today, more than 3.5 lakhs of the trusted shale companies have been banned. You are GST.  You are putting the law in the dustbin of rapes. Our government has been working to fulfill the old demands of people with youth thinking. Friends, in the 20th century, in the 21st century, in the 15th or 20th century, we are getting used to living with old problems. This situation is not right for any country. The people of India cannot let this happen. Our duty is to free the country from these problems. If we get into such problems then we will injustice with the country's future. We cannot let this happen. And that is why for the coming generations, for the youth of the country, we are facing all the political problems with full courage. We are not helping all the people of India so that the country can be successful. I am trying to break the walls of the country so that our future generations don't have to go through this situation. I am ready for every abuse, for every humiliation, for every crime. But I am not ready to put the country in these situations. These days these people are spreading propaganda that the government has taken the decision in the world to hurt the people of Modi. Those who spread rumors and waste their time should understand that Modi has not been born for his own protest. For Modi the protest of the country is everything. And these people have not been able to understand the problems of the country. How will the country move forward? We are solving the problems and breaking the walls. This country has to make us strong and we have to reach a new height. In 2022 when we will celebrate the 75th year then we have to free the country from so many problems. After independence we have to free the country from the problems of the country. When the country will face so many problems then the country will face so many problems. In the fourth century India and the youth of India have a big role to play. We have to take our status to a new height. Together we have to create peace and security. Together in 2022 there is a big opportunity. This height is as big as it is. And the biggest power of it is our youth energy. This energy has always managed the country.  Come let's move on to the next step. Before the problems the new destination of the state is waiting for us. We will reach the destination together. We will definitely reach it. With this I once again to the youth of India and the youth of NCC for the future of India for every Indian I give you a very good job. I once again I congratulate you. I give my word to the people. Once again with full strength for the mother India. For the mother India. For the mother India. Thank you very much. We are very grateful for the beautiful words of yours. NCC are and after the nation after nation the 3rd India Mother India will be called. We are all happy that the grace of the state be yours. Mother. Yes. Our meaningful Prime Minister will present. You all are happy Prime Minister Shree Narendra Modi takes leave, goodbyes all around, the three service chiefs, the CDS, and a big wave to the crowds. This has been an excellent Prime Minister's rally. We saw some of the best talent of the National Cadet Corps here today. But as these celebrations come to a close, the joy is tinged with a little sadness because it is time to say goodbye. And yet, there is hope for the future because the farewell is only until next year. On the 1st of January 2021, these grounds will once again be a buzz with activity. And through the year, there is much that the cadets can do and achieve.