Thank you. Welcome everybody. This is the General Housing and Military Affairs. It is Tuesday afternoon and this is live feed of our committee meeting. Today we're going to be discussing H880, which is a bill that was, had passed out of our committee back before the break. In fact, it was on the floor on Friday the 13th. It was on the calendar for Friday the 13th in March. And due to those circumstances, we were not able to get to it. And so we have Ellen Zajowski here to talk about just to remind us what the bill does. And then there's an amendment to the bill that is offered in my name. It could be a committee bill or a committee amendment that basically takes, makes this a mandate that's not entirely unfunded. And Ellen can explain that in her explanation. So Ellen, please let us remind us about H880, please. Sure. So, H880 had two parts primarily. First, it requires the Commissioner of Forest Parks and Recreation to add Abenaki place names to signs in state parks. If there is a name for that site provided by the Native, the Commission on Native American Affairs. Would you like me to put the bill on the screen or? Yes, please. Yep. All right, so this is, that's not the right one. It's here. Okay, so here, that's not it either. Here it is. Okay, so this is what you passed out of your committee back the first week of March. So first, we're amending the, we're in the chapter related to the Department of Forest Parks and Rec. So we're adding this new section. And it directs the Commissioner to consult with the Commission on Native American Affairs to determine if there is an Abenaki name for a site. And if so, the name shall be displayed along with the English name on signs. Subdivision B requires that all existing signs in state parks that have, that require adding the Abenaki name be updated by July 1 2025. So you may recall there was some discussion that the Commissioner did say that they have a pretty regular schedule for updating their signs normally anyways they replace them. And update them within the state parks. But this adding this date of July 1 2025 required that all of the signs would be updated by that date. And then subdivision C required that the Commissioner adopt rules to establish a procedure for selecting a spelling of the place name. If there are multiple spellings provided by the Commission on Native American Affairs. That was, you received testimony on that that some of the dialects have different spelling and so the Commissioner has to adopt rules about what to do in that situation. The second part of the bill directs the, the Commission on Native Native American Affairs to provide a list of places and landmarks that have Abenaki names. So that the Commissioner can then add those names to the signs. And so it directs them to have that list prepared by January 15 2021 so about six months, seven months from now. And also include if there are any sites outside of state parks that may have Abenaki names that can in the future also have their signs changed. So, so that is the bill. And the amendment. Does the amendment clearly delete the reference to the 2025 date. Yes, the amendment gets rid of subdivision be which is lines 15 and 16. So it just simply has the section that requires the Commission to the Commissioner to update the signs and adopt rules for selecting a name if there are multiple spellings. Okay, so the so that what you what you started with is what we passed. Yeah, and so I just clicked over to, yeah. Yep, so I just clicked over so it doesn't provide for a specific date by which the signs need to be changed, which implies that they just get changed in the normal course of sign replacement, which there's no necessarily any schedule but again we took me back then that said that they are usually replaced every 10 years or so there's no they have a lifespan signs that usually have a lifespan between up to 10 years, basically representative Hango. This is probably a question for Ron but I clicked on the link to the amendment on our webpage and it brings me to a page not found. So I'm not seeing the amendment posted. So, I initially sent the wrong amendment. And so Ron did have to update it so it may be the page needs to be refreshed. Oh, I've got it now. Yep, it's so it's on there now. Thank you. And this, the fact that there's a date for the science now we also took testimony that showed that there are lists that have been started and that have been I believe have been shared of place names. Tom you're on mute mute. We can't hear you. I could hear him. I can. I'm not muted according to my world here. Okay, so Chip. I don't know. Did you lose it? Chip, can you hear me? Oh, and can you take this screen down now? I can't hear anyone. Okay, thank you. All right, Chip, can you hear now? You can hear anything chip. Hold on a second. I think the rest of us can hear Tom, but Chip, you may need to push a button to unmute your computer. I'm going to type that in the chat. Maybe. Yeah. Can you read? Hang on. I just typed that in the chat, but I don't know if. I text him, but I don't think the text go through up to standard. What about now? Chip, you may have to sign back. I wonder if you might be able to send Chip an email and a text saying that it's on his end. He does not text. I can send him an email, which he might see. I can also call him. Right. Maybe that's a good call. All right. So I will have to dig up his phone numbers or give me just a moment. Maybe he should sign back in. Right. So we'll frustrate him by talking and looking like we're talking and he'll wonder what's going on. And we'll see how that plays out. I was going to ask a question. Mariana, good to see you. Sorry. We didn't, you came in. The, the thing I was going to ask was kind of based on the conversation that we heard this morning about the older Vermonters caucus about pushing dates out. This requires the date that names be that names be submitted to the, to the department by the middle of January. And I'm just curious to know or what we think about whether we should push those dates out. We're kind of in a place where I know the finding those dates or finding those names may not be a problem. I think there's a list that's already been started. But, but that being said, I mean, so it could be done by January 15 is that, and you know, I'm just throwing it out there almost as a technical change. Why we have an amendment out here. Is that something we should consider or are we satisfied with the January 15 date? Thank you, chair. You know, I'm not sure we're going to be back in full order in the fall. So I think that the January thing seems a little tight to me with getting the names and we also had that the preliminary list was was provided to the committee but then different tribes were saying that they were different ways to pronounce or to even write out some of these words and what the words were. So I think if we could be a little more flexible there as well to have it done maybe by June, January. Ron, was that the question you were asking? Yeah, hold on a second. We got a, I'm going to mute Ron and I'm going to mute Chip. Okay. Okay. Yes, that's what I was asking. I mean, again, I think I'm on the phone, I think, Ron. I think that the commission, you know, has the names ready to go but you're right. I mean, there's there is stuff in this law that in the statute or this bill that says they have to figure out whether the dialect based spelling. Right. So that's the question that, again, should we delay the, you know, and that's, that's where we are. Should we delay the actual reporting of these place names that may overlap with the English spelling. Representative Hango. Yeah, I'm going to concur with Representative Kalaki. I think everybody needs a little more time for everything right now. So I would be in favor of pushing it out a little bit. Does anyone have a proposed timeframe where we're talking about, you know, March, April, May, June of 20. I mean, I'm assuming that I'm assuming that if there are any signs that have to be dealt with next year. You know, construction on those signs would be in the spring anyway, but I also think that the commissioner was always very open about about this process too. And that's a deadline. I mean, they may have a list of names that they that they may be able to submit sooner than that. But this is the deadline we're talking about. So I'm open to a suggestion on any on any date that people think is reasonable. Well, by crossover of next session. Make sense. So, March 15. Yeah. I'm just asking a date. We're kind of just picking a date certain certain for something that, but it is this this March 15 that that adds two months to the process is that sufficient for people. Does three months seem more sufficient. Yes, yes. Yes to the March 15. Yes, March 15 for me, I think that the combination of that there, there are pre existing list that that can get picked up from and that they're even though there are some particular dielectric things that need to get worked out that that's not across the board for every place. And so I think that that March 15 is a good new day. Okay, so that what everybody was thumbing up for basically. So Ellen, if you could. In the amendment have that date changed. So, Mary, I just want to step back a little bit. You came in just a wee bit after we started. You're still the reporter of this bill. Correct.  You had a report ready to go back in March. So this the proposal on this amendment is to basically take out the. Um, Rather the deadline, the 2025 deadline that you would report on in 880 as it stands right now. And then add this and then changes date now if I keep if we keep this amendment as as an amendment presented by me. Then, you know, then I would present this after after representative Howard did. Her presentation on the bill. But if it's a committee, if we decide this is a committee amendment or that if representative Howard wants to make this amendment. Then you would just report it. Kind of the way we saw it today, which was the way that representative would present as she presented the bill, then she presented her amendment to the bill. But that's a call that Mary, whatever you're comfortable with, we don't know exactly when this might come up, but hopefully it's going to come up by the end of next week. Okay, I have, yeah, I have a question. It's stated that the science need to be updated. By July 1st 2025, are we taking that out? That's what the amendment that's the main push of the amendment would be to take out that language. Okay, because the reasoning that the way it was explained to me, you know, going back to March with that in I had a I had a. I assumed that this bill was going to go to appropriations after it left our committee because that's kind of an essential that's essentially saying that there's an appropriation. It has to be done by 2025. So that means that it has to be done over the next five years, which means that there has to be money in the budget and we weren't making that appropriation number one and number two. The way that it was explained to me is that by having a date without funding is an unfunded mandate. And so that this taking out that date makes it makes the science able to be replaced in the normal course of business the normal course of budgeting. Would I need a new report from joint fiscal. No, no. No. No, in fact, you may not have to even report on on that because of the. You'd be presenting the bill in a way that that you can acknowledge that this bill had this dead that has this deadline in it. And then say, but we'll be addressing that in the amendment. Okay. But you can certainly have that you can certainly have that information that was presented in that fiscal note that at your hand to make sure that you just remind people if you're asked what what it might cost. Right. Okay. Any thoughts committee this that should this be a should this be a committee bill that representative Howard goes ahead or do is it just, or should this be just something coming under my pen and I'll try to explain it as simply as I just tried to explain it this morning. Representative Hango. I think it should be your amendments since you got the direction to change that. Yeah, I can live with that. Okay. So Ellen. So we would have, we would have, I don't know if you want to just type it up while we we can we can stop the conversation now on this bill. If we want, and if you can just do do a change on the amendment. So that it includes the March 15th date as a deadline rather than January 15th. And, you know, let me know and I don't know what is that going to take you 10 minutes. If you're if you're not stacked up with stuff and then we can vote on that. Is that okay. Sure, can I have closer to 20 minutes. Of course. I've been in hearing since nine. So I need a tiny break and then I will do it. That's fine. And I just, it's there's such small changes, but I just want to make sure that we can vote on it today and let the, let leadership know that this bill is absolutely ready to go. And whatever it can fit into the queue.  We'll be here.


Pli al fish, pi al vee, el aprofund, venas mort nur laka. Fisa lutachon al viciui, janivu dia ve dia chok. Khe hudia mi intensas idae al urbo centro kye mi renkontijos kundu Esperantista chai amikoi. Khe ni intensas fekti la novan filmon zombilen double tap. Mi memoris khe la novan filmo estis fek bona khe mi esperas khe chitiu filmo estos fek bonega. Senni chiu istsies khe kutime la duva filmo anserio chiu mesas malbona. Chara Hollywoodo simple vidis khe la novan filmo estis succesa khe nun volas inspezi pli da mono de la duva filmo simple perola nomo. Espeble ji estos bona, mi istsigos vin se jine estos bona khe mi plendo spritiu khe virshajne mi kudas ila strato nude khe blekas al la nuboi. Mi nestsies se chiu kaze mi nun devas preparimi char lau chitiu la filmo komensijos post-horo. Do mi ankorau ne dushismin kye el evidentas prou tiu khe mi ne poritas pantalonon. Nnue mi devas surmetition khe nun iu vocasalmi. Hm, ni povas ludi kune chu vi estos preto? Saluton? Saluton? Saluton? Kon chiu mi parolas? Saluton? Chiu bi volas mitsimin? Mi ne komparenas, pru kiu vi parolas? E, kiu? Mi chia mheritsevas spabokon khe tialmi respondas khe chia mhesas mbuse. Chiu kaze, nun mi nun devas hidi. Do mi jus al venis al urbocentro khe Deilo jus telefonis al mi, nnue effektive mi telefonis al Deilo khe ji estas ali plange del stasi domo. so misimple pieridas、 lyrics i inn the dilachand, ti Jump bab Okay, so now we intend to buy something to eat. Before we watch the film, and after we eat the new one. So here's the new Australia, where all the workers are in the factory for machines. I just found a zombie. That's where it is. So we just watched the film. I actually saw it. I thought it was not as good as the first film. But it's still a very good film. I recommend you go and watch it. What do you think? I don't know what to say. It doesn't have an opinion, it's a zombie. It's a zombie. It's a zombie. A zombie? A zombie? A zombie. Okay, so now we intend to go to the restaurant and eat something. So now again, I'm at home. I can't stay for long in Europe with my friends because I have a lot of work. I don't know if you know, but recently I worked as an English instructor and my reputation grew in the local community and now I have a lot of customers. And because my reputation grows here, most of my customers are Chinese. So I suppose that the different families will talk and simply recommend me. But I want to show you my horror according to my phone. So this is today. I have a 12-year-old boy there and also that one. And that one is a three-year-old. So they are twins, essentially. And that one again, that one is from a very rich family and they live in China. And also I have that one. So now we are in the middle of the session and I just intend to eat something and I don't know what else. So before I finish this video, I just want to say that recently I watched the new movie which is called Doom Annihilation. I think that's the name. So if you watched the new Doom movie, you probably don't know that it's really expensive. Because when it was in the famous actor The Rock, it was a terrible movie. And when I heard about this new movie about the Doom universe, I know that it's not a good movie, but I don't know why, but I just have to watch it. So last night I watched it and it was a bad movie. I expected that. But in fact it was a better movie than the original Doom movie. I don't know if that's true, but it's a pretty good movie. I can say that. It's pretty good. So that's the end of this video. If you liked it, you know what to do. Like it, share it, subscribe to my channel if you haven't already, because I watch all of them in the new movie. And if you're not there, I won't help you with the zombie attack, the zombie attack. In fact, I don't know what to say about it. Don't worry, I'll take care of it.


Recently, researchers in Spain wondered what would happen if they replaced much of the refined olive oil in people's diets with extra virgin olive oil, or walnuts, or almonds. What were the effects on people's cardiovascular risk factors after a month on each of the different diets? Same people, but three different months diets different only by the main source of fat, and this is what they found. The people in the nut groups did significantly better, dropping their total cholesterol about 7%, knocking about 20 points off their bad cholesterol. However, the extra virgin olive oil did do somewhat better than the refined olive oil, presumably because it retains a few more phytosterols, but nuts and seeds remain the best source of fat. Whole food sources of fats, like everything else, tend to be preferable. One can think of extra virgin olive oil like fruit juice. It's got nutrients, but the calories you get are relatively empty compared to the whole fruit. Olives are, after all, fruits. You fresh squeeze them and you get olive juice, less nutrition than the whole fruit, but then it gets even worse. They throw away what's called the olive waste water, which contains all the water-soluble nutrients in olive. So the oil just has a small fraction of the nutrition of the whole fruit. So why not just eat the olives? Well, the problem is that they're soaked in brine, such that a dozen olives could take up half your sodium intake for the day. So I suggest eating them only in moderation.


Digital asset news that could top stories and cryptocurrency assets and break them down to bite-sized pieces today We got a lot of things to go over first up the head of the world's largest asset manager says Bitcoin can be involved Into a global market asset This is a pretty great story because it goes over somebody who has over seven trillion assets under management also PayPal CEO Dan Shulman is getting even more bullish on digital assets where he states Digital currencies are going to come into the mainstream. The time is now He's gonna give you a time frame and what I think it's going to be because institutions and retail are here to stay on some mixed news Coinbase is helping corporate companies diversify with crypto and they were the ones it is finally revealed that helped micro strategy accumulate 425 million dollars worth of Bitcoin with only minimally raising the price So the question is asked if they can give this much support to institutions at the drop of a hat Why are retail investors waiting weeks and sometimes over a month for customer service? Also, we're gonna do an update on the XRP spark airdrop, which is coming on December 12th And it looks like more exchanges and wallets are getting into the game will give you all the information But first take a look what's going on in the market. So today it is December 2nd It is a 8 o'clock a.m. Texas time again things done early. Thank God So what do we got today? Well a little bit of a tumble and that's just really how crypto currencies is last let's go I mean you gotta you gotta expect that what goes up will inevitably come down And it'll be kind of like a two steps forward one step back sometimes three steps forward and ten steps back You just don't know it's how it works, but Bitcoin is now 1.4 and drop below that 19k Regions so hey that is what it is Ethereum also is dropping, but Ethereum 2.0 did launch without any hiccups that I have heard of so I'm very bullish on Ethereum Look, I don't know what's gonna happen with Ethereum, but I think it's gonna be a real big winner I'm very very bullish on Ethereum plus Cardano One of those is going to be a big winner and the one is going to be a massive winner I just don't know which one it is XRP watch out 3.2 percent down XRP holders, what are you gonna do good for you guys? I mean still when I say good for you guys I mean good for us. I am also an XRP holder. I haven't sold one XRP since 2017 You know what come stupor stubborn, and that's just how it is So it's that 60 cents who knows Michael up to a dollar Michael to 30 cents I don't know tether is sitting at that market cap of 19 billion and look at litecoin Making massive strides in that fifth spot and of course that I think is the PayPal effect PayPal came out a couple weeks ago, and so we're gonna support Bitcoin Bitcoin cash Ethereum and Litecoin and the reason they did it was because there was no issues as far as like what is a security? What's not a security? Well Bitcoin and Ethereum pretty much got a pass and Bitcoin cash kind of does too and Litecoin Really nothing has really been said about it So they said yeah, you're not a security and then they went with those four the next crypto that comes out on PayPal Will have what I used to call the coin base effect, and it will go to the moon I'm waiting for that next coin and when we go into the next article actually the second article We're gonna see how there's gonna be a lot that's gonna be released on PayPal Bitcoin cash is down It looks like everything's down. I mean look it was a heck of a run But even if you just zoom out of like last 30 days everybody's up massively unless you bought yesterday Which is what I did actually I bought yesterday because I dolly cost average in I think it'll be good in the long run But we'll see and then whew Ave one of my new buys is up 14% 30% for the week That I think is gonna be the next decentralized finance project. It's gonna make huge strides So like we always like to do we want to see that's just in the US dollars Let's see how it compares to going with Bitcoin now What we're looking at is how you would have done if you would have invested into altcoins as opposed just to Bitcoin So Bitcoin's always gonna be at zero. So Everything's down. I think I think maybe not Ave, but the theorems down point eight XRP 2.2 So again, if you would have just invested in Bitcoin, you would have done better with everything else You would have gone. Let's see any massive. Well 1% for money Miner was always up actually there looks like a pretty good buy Tezos nem nem is always good file coin 1.1. Yep Ave 15% So again, if you would invest in Ave as opposed to Bitcoin, you've been up massively and 11% for urine.  Wow as you get down lower You can see how you could make some huge Zillica is the next project. I will be taking a hard look at mostly because what everybody tells me and also a digital Dave So let's see 10% for Hedera hashgraph. Congratulations 14% for Thor chain. Nice six for list 1.3 3.6 nexo There's something to be said about going down into the trenches as far as going much farther than the top 100 Let's see. Let's keep going Yeah, so you can make some huge gains over here The question is what are these projects? There's so many of us out there and even though it's good for today I wonder what it'll be like in I don't know a week two weeks a month only time will tell Anyhow, that's what's going on. Let's get into today's top stories So first up, this is a quick snippet, but it really does tell you where the market is going institutions are going to pull up the initial investors and they're gonna bring a little bit more stability and cash flow into this market and There's no other place when we look at one of the biggest Asset managers on the planet, which is BlackRock and this is their CEO This is Larry Fink and he said in an interview on Tuesday There was a conversation with the former Bank of England Governor Mark Carney at the Council on Foreign Relations and Fink said this That's a Bitcoin had caught his attention as well as Wall Street He states that cryptocurrency could possibly evolve into a global market asset offering a rare positive statement So really what it is if this would have happened in 2017 people would have lost their minds They would have lost their minds because institutions weren't here This is like commonplace and I think these are the types of stories that we'd like to see and need to see To just to reiterate that we all made pretty much the right choice Getting into this market because it's it was a quite of a bumpy ride for the last three years But we saw where it could go. We believed in it We may have you know put dumped a bunch of money in or dollar-cost average like myself But you know these are the days that we really relish but really to take a look at what he said exactly he states These big giant moves every day. It's a thin market can evolve into a global market possibly And what he's really saying is all these different giant moves. We see these giant moves It's whales can manipulate this market till kingdom come because the market is so small and it's only 530 billion dollars, which seems like a lot to the average person, but we take a look at the global economy. It's nothing It's nothing at all. So when he talks about can evolve into a global market possibly This is just good news because it's on somebody's radar And when you start hearing more things and more things and more things all people are the exact same They really don't get into it until they hear about it and do a lot more research Even in sales, you have to see and hear about something seven to ten times before you make a purchase Unless it's like something that you totally, you know, absolutely need like you're bleeding out somewhere You're gonna definitely just say give me that gauze bench But if you're looking at some other type of asset, obviously you have to see a little bit more things a lot more time So this is on one of the largest institution financial institutions radar So that is good news and this is on top. This is the CEO now that the CIO the chief investment officer Rick writer he Last month speculated that Bitcoin could take some of the shine off of gold possibly one day Rivaling, you know gold itself and we had talked about this yesterday and yesterday's video where we took a look at some Instances where people were selling their gold off to buy Bitcoin on top of Raul Powell who said he got out of all of all of his gold ETFs and Put it all into Bitcoin Ethereum. Also, Daniela over at Stansbury research She said that she had reached out to people who were in the industry in the bullion markets and said that yes They've seen a lot of people who were selling their gold to get into Bitcoin now Whether this is actual bullion or this is actual ETFs. I think it's mostly ETFs Remains to be seen but still it still means that money is flowing out of one asset class Into a better asset class. I mean, I shouldn't say better asset class, but you know what I mean So that is what is going on with the institution side Let's take a look what's going on into the other area, which is PayPal So this is Dan Shulman PayPal CEO and he states digital currencies are going to come into the mainstream the time is now So before we get this article, I would just say this if All the different cryptocurrencies that they're offering in PayPal if it didn't start off with a huge bang He would not be saying these things. He would not be pushing the issue It would be a non-starter because they're like we're in the business of making money not losing money So if this doesn't really start off like fantastic, then we'll just kind of kick the can on the road and see what actually happens But because there has been so much demand because they are making so much Or they know they're gonna make so much in the fees actually right now You can buy cryptocurrency for free on PayPal. I think until the end of December. So that's an option if you're into that but what's what they're seeing is that there's so much Transactions being done and you can see it as far as like their partner who is Paxos Paxos has their own separate exchange We covered the story before and there was a huge spike in the amount of crypto that was actually purchased on that exchange So they're looking and going wait, I think we just got a goldmine. I mean forgive the speech But that is what it is. So this is why I think this is huge But I think it's going to get even bigger because right now Only us residents can purchase cryptocurrencies on PayPal not globally. That's not gonna get rolled out until Q1 2021 so they were talking about pushing that way back when they first of them as they said well We'll dabble a little bit us now. It has gone such gangbusters are like, yeah, we're going to Accelerate that we're gonna do that as fast as possible and as a matter of fact even the US residents weren't supposed to buy this much until next quarter But it did that's so much demand. They said hey, let's just open the floodgates and here we are So Dan states this as we thought about it digital wallets are a natural complement to digital currencies We've got over 360 million digital wallets or users and we need to embrace crypto currencies And he's right I mean he's they were the ones to really just kick off the whole online payment situation and of course There's no better Way to evolve into that than the actual cryptocurrency is which are the native currency of the internet So why wouldn't they embrace it on top of that? Of course? They're gonna make a lot of money in all the different fees So it's just a win-win now There is one drawback to all of this and we talked about this in the very first video in the very first module over at Dan teaches crypto.com which is a hundred percent free website for all the things you want to know about Cryptocurrency assets and in this video We break everything down as to the problems with going through PayPal because you can go through PayPal That's fine But you will not be able to custody your digital assets and for people who are uninitiated or don't really know they're like who cares I'm just gonna treat this as a stock and just buy as a paper stock and then I'll sell it when it goes up So why do I need to actually custody it and we talk about all these things in this video? So this is like the main thing I wanted to get to to people because let's be honest There's a lot of financial illiteracy out there and they don't understand I mean, I didn't really understand everything until I got into cryptocurrency and I'm like, oh, that's the reason why it's so important to have Decentralized blockchains cryptocurrency digital assets now. I get it. So Dan also states that Crypto will become an everyday payments tool and spoke of the facts of the global pandemic has accelerated a number of trends including consumers abandoning cash and actually Kevin O'Leary From Shark Tank was on Anthony Pompele honor show and he talked about how his businesses things have been accelerated so much by 36 months He's got a lot of retail shops He says they have been closing down and at an accelerated rate and their consumer or business to consumer model has been accelerated by three years Just because of the pandemic So when these types of things are talking about this really accelerated everything and especially crypto assets So moving down, this is what's interesting and this is how I know things are going at an accelerated rate And it's going to only pick up speed as time goes on because Dan says Parts of these things run the roadmap road map and parts were not we were going to provide the capability for our customers to buy sell and hold Cryptocurrencies Inside the PayPal wallet because we had done market research and something like 54% of our base wanted that Capability what we hadn't had in our roadmap is the ability to use cryptocurrencies as a funding instrument To purchase at any of our 28 million merchants We move that up because once you buy crypto you'll be able to use it both as an investment vehicle But as a funding source to make other purchases and this is huge because they didn't really have this on their radar But then as they offer all these things people like hey, I'd like this I'd like this I'd like this and it just accelerates everything so we're on a breakneck pace to hit all-time highs I believe this is what I like to see as the far as like where we are now and where we're going Because he states look in the future Shulman said he sees or dance as he sees digital currencies becoming mainstream mainstream I think that if you can create a financial system a new and modern technology that is faster less expensive more efficient That's good for bringing more people in the system for inclusion to help drive down costs to help drive financial health for so many people Over the long run, I'm very bullish on digital currencies of all kinds and this is the exact same thing I talk about with banks. I say banks need to evolve or else they will get blockbustered This is going to happen because of companies like PayPal because it's going to move over into Venmo Because even Google was talking about creating a bank and if Google creates a bank guess what's on the next horizon? Crypto assets to be included into that so don't you think that banks would be like wait We still are using the Swift system where it takes two to three days sometimes to transfer cash around the world Which is ridiculous. We also have all about ridiculous fees. People don't trust us.  That is the big question. Let me know what you think in the comments section Let's move on this one gives me mixed feelings and I'm gonna tell you why in a bit So coinbase is helping corporate companies diversify with crypto So micro strategy if you've been if you're not if you're new to this this area I just know that micro strategy. It is a data analytics firm located in California and they purchased $425 million worth of Bitcoin in August I believe it was and it's now worth like 650 million So they look like geniuses and the whole speculation was like how do they buy so much Bitcoin? Without moving the price because if you buy 425 million in one shot obviously to go to the moon, right? Oh, well not moving but it'll pretty go pretty high But it didn't move over this this whole time or during during that time So what the heck happened will now we know it was coinbase. So coinbase states in this little blog post We're excited to announce that coinbase was selected as the primary Execution partner for micro strategies 425 million purchase of Bitcoin earlier this year using our advanced Execution capabilities leading crypto prime brokerage platform and OTC desk We're able to buy a significant amount of Bitcoin on behalf of micro strategy and did so without moving the market So great job for you guys Micro strategy chose coinbase because of our market leading tools Include smart order routing and advanced algorithms as well as our white glove sales and trading services Our system takes a single large order and breaks into small pieces They're executed across multiple trading venues this type of smart order Routing minimizes the trades market impact and helps disguise the overall trade size. So where do I begin? So, let me just say this I Own businesses and I applaud any business that is looking to gain an edge and To use all the resources that is available to them legally to gain a Strong foothold and a market or to reduce costs good for you happy for you And I will not take anything from away from micro strategy They are really one of the catalysts for other businesses getting into this space. So congratulations and coinbase I can't even blame them because they were presented with an opportunity to partner with a pretty big company and they took it and They executed flawlessly and I have no problem with with either of those. I really don't it's just that when I see Other things going on in the background when I see massive outages happening again and again again when I see a report like this where Coinbase reports more delays in processing withdrawals due to network congestion when I hear about the stories about people who either direct message Me on Twitter or they put in the comment section about hey, I'm having problems with Coinbase I can't get anything the coin the customer service is awful. I've been waiting three to four weeks for a response That's unacceptable and just between us no one's watching no one's listening. It's okay Just me and you I've talked to some CEOs of other Organizations that are in the cryptocurrency space and I will just say this that they've all told me the same thing Look Coinbase has moved on. They are not here for retail. I don't know why you guys don't get it They are here for institutions and that's just the truth. So I mean obviously I didn't say it exactly like that I'm just putting in my own little spice, but that's really what's going on. So for retail investors I just don't think that Coinbase there's a place for us I think if you're just coming in sure, but I think there's probably better places to go And then if you're stuck in New York and it's the only game in town Hey, it's the only game in town But I'm just telling you that if you're outside of that especially outside America is a lot better place to go And that leads me to my last point which is I'm not gonna recommend anybody to use Coinbase or Coinbase Pro On the exchange of wallet fees I can say that it could be a last resort if you have nothing else going on and like everything has you know Totally collapsed sure use Coinbase because it's the only game in town But this you can find a link in every one of the description of my videos But there's some much better options and one of those I personally like is Voyager Voyager is great because there will be no exchange down times because they're a brokerage they work with a plethora of different exchanges and To get you first of all one of the best prices second of all is if one goes down who cares they got another tend to work with so That's why I use Voyager all the time now just to be transparent Just so you know all these are affiliate links up here So if you want to sign up for Voyager you get 25 for you 25 for me Celsius 20 for you 20 for me and then off you go for all of them and there's some that I just don't recommend like eToro I won't get into that I just don't recommend them. I don't like them and I don't like what they're doing So with Voyager also I think it's only like 40% or 60% of the cryptos You can take off of their their app and the 40% are not able to be taken off And that's a problem and I've talked to Steve a couple of times about this He's been on the show says they're working very diligently and they did get Cardano just a couple of weeks ago to be able to be taken off that platform So you can buy Cardano and you can transfer to any wallet that you want to so There's better options and that's just where I stand right now. Let me know what you think in the comment section Let's move in our last piece. So last up. This is just a quick spark up up drape There's gonna be an airdrop of spark looks to be pretty fantastic and just so you know Kraken put out a tweet November 30th and said hey you're sending to put a spark in your day Kraken plans to support the spark airdrop program Stay tuned which is kind of interesting because just a couple weeks ago. They put out a statement said we're not supporting that So tough luck. We're not doing anything and it's amazing that they were able to do it's quite a turnaround time and Actually support it. So the question to me is Coinbase is not gonna support that so wonder if they're actually will get on it But again, I they're not here for retail Also, Poloni X says the exact same thing and just so you know I'm gonna leave it read the statement. They say we decided to support the spark airdrop for extra beholders on Poloni X X are beholders do not have to do anything at this time and it's the same thing for Voyager. It's the same thing with Celsius It's the same thing with you nano ledger I think you have to do a step for that Don't quote me and then all different exchanges like Poloni X like Kraken You don't have to do anything just leave it there and off you go States we will take a balanced snapshot of all Poloni X excerpt beholders on December 12th And I would recommend you get all your XRP into those Exchanges or those wallets by December 10th Because you don't want to be screwing around and like all I'm trading doing this is just don't miss out Just keep it there for a couple days. Are you that impatient? Come on spark tokens will be then distributed extra beholders When the flare network launches in 2021 it's gonna be a snapshot. You're not gonna get squat until the next year So just so you know also even if you get the airdrops on those exchanges It states we will subject flare network to our listing process and we'll make an announcement at a future date Should we decide to list spark on Poloni X? So even if you've got it there you may be stuck there and that's one of those problems So maybe it might be a good idea to look at the nano ledger and how to put it on there in custody at that way Also, it's from an Anthony over at I trust I trust if you do not know is only one of two companies That I work with they have done paid promotions on this channel in the past and I get requests Constantly to be on this channel and so far I've done two two Crypto trader dot taxes. I think I really gotta do taxes That's just how it is and the second one is IRA because I think everybody should have an IRA some people disagree with me That's okay. That's just how I feel and how what I give to you. These are crypto IRA, which is I trust So with the year coming to a close You only have so many days to really get into an IRA to contribute the maximum amount or else you miss out I think next year will be a pretty big year for Bitcoin and cryptocurrencies So I highly recommend you just take a look at the video that I put out for I trust I'm gonna link it at the very end of this video or you can find it in the description of my videos It looks just like this So if you got a 401k a 403 B or a thrift savings plan or a TSP or any type of account that could be like a retirement account You can roll it over just talk to those guys over there And what's cool about them is unlike Coinbase they are going to support the flare token airdrop for XRP So if you hold XRP in your crypto IRA with I trust they're going to support the spark airdrop How awesome is that? All right, so that's it for today So thanks for sticking me to the very end. They really appreciate it as a nice reminder friendly reminder that danitydescrypto.com is up You find a link in the description 100% free it simplifies is all the train that you want to know the different things about digital assets Cryptocurrencies how to invest how to do your own research and different products that I believe in so go and check that out And that is it for today. So again, thanks for sticking with me. I appreciate it and I'll see you on the next one


Hi there. I'm Anthony Chung and I'm the Head of Market Analysis here at Amplify Trading. Every weekday morning I'll deliver a fundamental rundown ahead of the European Open. But if you subscribe to the channel, you'll also get content from the rest of the team. So, let's begin. Okay. Very good morning to you. It is Thursday, the 15th of October. I hope everything is going well. I thought I'd kick things off with a super interesting article in the Financial Times this morning that you might want to take a read of because it features Amplify Trading. And for those who are not familiar with what we were doing over recent months is that just obviously given the really horrible situation that's happening across different sectors for people in very different types of employment, obviously pilots have been some of those hit the hardest given the lockdowns and the massive impact that the pandemic has had on travel, of course, and tourism. But what we did is we did an open application system and we had hundreds, literally, of applications from pilots for them to take part of a sponsored training program to undertake our full training program. And the FT did an article about it. They followed the journey of some of those guys and actually Kate who features in this article is currently still with us at the moment. So Kate, I know you're watching this. So good morning. I look forward to catching up with you shortly. But yeah, just have a read. I'll put the link into the description of the video and I'll PDF it and send it around to all the guys. So do take a read. The actual study that we tried to see here was was there a connection of transferable skills that pilots could take in terms of kind of structured thinking, discipline, these types of skillsets that one would think could be transferable to then the trading environment. So I'll let you read the article to see whether or not that is true or not in terms of how they performed. But yeah, check that out. Otherwise, look, let's get straight into it and talk about what's happening in markets this morning. And we had a lower close on Wall Street again. The losses though were fairly contained, but obviously now becoming slightly more consistent given the down date we've seen yesterday. The S&P down about 0.7. Similar losses in the Dow, the Nasdaq underperforming just a touchdown, 0.8%. One of the main catalysts from yesterday still remains this idea of the hopes pertaining to a US fiscal stimulus and the kind of diminishing idea that that's going to materialize before the election. Definitely for one thing here, Nancy Pelosi is not going to want to give Trump victory this close in towards the election. And that being said then as a definitive point, I think will mean that it's highly unlikely that we're going to get an actual agreement before that date in early November. So Mnuchin, the Treasury Secretary, had conversations with Nancy Pelosi yesterday. He said that stimulus talks are still far apart and he foresees it as very difficult to get anything done before the election. As I said, that's coming from the kind of Trump team. Pelosi, I don't think has any political interest either to really cut a deal, but can't walk away from the deal, of course, because this is intrinsic to public perception of them looking to assist what is the general public, which are facing incredible difficulties in a pandemic environment. So actually what this means then is that equities continue to just kind of drift south without that force coming injection for markets. And a couple of the bank stocks again, underperforming, remember US earning season kicks off with these major banking names before then we get some of the smaller banks next week and then the pickup of the rest of the volume of the S&P reporting. But Wells Fargo was a big decline yesterday. They were down about 6%. They posted a profit slump and warning that net interest income could get a little bit soft in 2021. So they're looking again, kind of similar to what we had to some of the banks in the prior session that although they might have beaten in terms of the quarter and EPS and revenues, their outlook is much more for a more protracted, long, more shallow recovery than this kind of awesome V shaped movement that we had materialized during the late summer months, of course, on the recovery from the initial dip in March. Bank of America, they were also down over 5%, increasing trading revenue. There was just a fraction of its competitors gains. So not like didn't make anywhere near as good a headway as say Goldman Sachs, who actually bucked the trend yesterday. And despite Wells and Bama or being down about 5% and 6%, Goldman's were actually in positive territory at the close. They saw a surge in fixed income revenue, resulting in record earnings per share, revenue rose in all four divisions and their loan loss provisions were lower as well.  But overall then that did feed through into the Asia Pacific session. There was one market which outperformed and that was Australia. The Australian equity market was higher, bond yields though and the local dollar dropped, Aussie dollar in the dollar based currency pairs is underperforming, we're down about 45 pips there. And the reason for that is this, which is the Australian central bank have come out, the RBA governor said the central bank is considering whether buying longer dated bonds would spur hiring. Plus, Lo also said there's possible to cut rates to 10 basis points. And so the Aussie dollar has stated here falling about half a percent after those specific comments talking about the potential for basically considering whether buying longer dated bonds. Otherwise though, the Asia region was lower following on from the lower close on Wall Street. So if we go back then the equity index futures are lower at the present point, S&P down 17, NASDAQ down 100 already, DAX following suit then and as Europe has come in just a bit of further added weight here and that S1 providing a bit of a near term play for a short position from that initial test that we saw in the late Asia Pacific session and then a bit of a downturn when Europe have come into market and now that S1 providing resistance turned from support from the overnight session. Otherwise elsewhere the dollar is up marginally and that has been moving in a relative kind of risk on risk off sense in regard to risk off equaling dollar strength. So the Dixie's up about one tenth, major pairs, Euro dollar down marginally but hugging the pivot cable though a little bit more heavy. It has just broken down through a near term technical area but also just giving back some of that really steep gains that we saw yesterday where there does seem to be a real coordinated effort on both sides despite how far apart they seemingly still are on certain key issues with Brexit. The point is that this isn't a hard deadline it's a soft one and the fact that they continue to commit to those talks so a decent value yesterday but we're just giving back a little bit this morning it's obviously the EU summit kicks off and there's definitely some other COVID related potential lockdowns for London that we need to consider as well for the economic impact that that's going to have on the UK economy. Otherwise elsewhere I'm going to run through some articles I can wrap into other asset classes but oil not too much change just sub the 41 handle at the moment Tino's up about two ticks but let's delve into some of the headlines and talk about a few different things starting off with overnight I mentioned the RBA the other notable piece of news to be aware of is that of China and so China's CPI driven by a moderation of food price gains did slow it came in at 1.7 percent against the expected 1.9 percent and one of the focal points here is pork prices which were massively surging to the upside in recent months because the Africans wine flew but as that starts to now dissipate from the previous months pork prices were up in excess of 50 they're now only up around 25 percent so it's been cut in half and as such CPI has just come off about 0.2 percentage points the PPI number minus 2.1 percent against expected minus 1.8 so we are still seeing a bit of a lack of demand still needed to be monitored with that divergence with just general activity still reducing producer price index at the moment moving on this is one of the main things I wanted to talk about I mean the pound has softened a little bit this morning it is coming starting with a technical break we come back to the 130 handle in case of cable and although there is much to talk about with brexit there's also the situation of the COVID-19 whether it be cases or deaths continues to worsen in in the UK and one of the latest things we've seen overnight is one of the most economic important areas of course of the country is London and apparently according to the Times newspaper last night London is on the brink of a local lockdown with an announcement coming as soon as this Friday so that's definitely to look out for both with any rumors and tweets and things today but also tomorrow a definitive confirmation of that probably could provide a bit of a headwind in the intraday environment for sterling and so what the Times was saying was that mixing with households indoors in the capital will be banned commuters will be urged to keep off public transport if we move into tier 2 COVID alert is confirmed so definitely keep an eye out for that on the broader context obviously the whole coronavirus situation is another reason why I guess market sentiment is fairly fragile at the moment is because not only is there lack of force coming stimulus in America not only is there still this election to tackle but COVID-19 genuinely although it's much more steeper in its trajectory in UK and mainland Europe it's still very much a clear and present danger and particularly with a lot of those big pharmaceutical companies coming out this week and also delaying their late stage trialing of the of the vaccine and the latest in mainland Europe was France you probably would have read they've declared now state of emergency Macron the president announced a curfew between 9pm and 6am for areas worst affected by coronavirus and that's going to last for a period of four or up to four weeks so certainly there's a lot of pressure as we said before from the scientists from other European nations and how they're dealing with it and France obviously going into a much more stringent lockdown so pressure is mounting on Boris Johnson at this present point in time so definitely need to keep an eye out for that the other thing of course is Brexit today is that kind of symbolic I call it now soft deadline of which Boris Johnson was committed to getting a Brexit deal kind of done in order for it then to be ratified in Europe for the end of transition at the end of the year that's not going to happen I don't think that's a shock I don't think it should come in any way as a as a real signal to then just sell the sterling currency on the back of that this is very much being a well-known thing over the course of the last couple of days particularly yesterday where they've already come to the agreement for the fact that they can continue to dialogue and the discussions going forward so let me get up to speed with a couple of different things what this Reuters article was suggesting is that sources with knowledge of Frost's view so Frost being the negotiator on the side of the UK said that talks so far have clarified potential agreements on aviation and rolled road haulage energy ties future coordination of social benefits the gaps though have narrowed on trade in goods and services though these still lack precise arrangements on technical detail including the designations of origin on products according to a source close to the discussions and terms of the timing what we're looking at here was a good graphic that I saw and this is looking at the known events in the calendar going up to the end of the end of the year so it's 31st of December being when the UK is formally rolled out of an extension now here then you've got the the soft deadline which is today you got the EU summit happening today and tomorrow you've then got another soft deadline target for the end of October when in fact that's actually even moved now so this is how fluid the situation is so I can update you now the UK is pushing for an agreement by the end of October but sources say that you could negotiate until mid November to avoid being blamed for any failure so we're already the goalposts keep moving further to the right towards that inevitable kind of deadline comment out of Goldman Sachs this morning I heard on the squawk and I absolutely agree that any kind of sentiment towards getting a deal done the soft soft deadlines are just not hard enough I don't think in order to sharpen the mind to get this this deal over the line so there is still a tangible prospect although I think Goldman was saying that they anticipate that a deal will be struck in around mid November which I guess then gives time for it to be mattified with various different parliamentary EU sessions and EU summits but it could you know the ultimate deadline here of course is the 31st of December and that one is then what could be more classified as the cliff edge no deal at that point and so a new relationship coming into force on the 1st of January the UK is already refused an extension and so a new relationship must be ratified by at least the UK institutions but perhaps also national parliaments which was the case for the EU Canada free trade agreement so yeah definitely the risk of a no deal Brexit if no permanent free trade agreement is agreed by this point but look strange things have happened and I'm going increasingly more of the opinion that we're just going to get a lot of noise around these fixed dates of when there's kind of set political set pieces happening but then I still can't see a deal happening anytime soon at this point in time if you are interested today though there is the EU summit happening I will share in the the amplifier live chat the full agenda for the and timings and associated live streaming feeds if you want to monitor those round table discussions press conferences and everything like that here's all the timings generally this afternoon today and then kicking off early tomorrow morning and also there's a good infographic about EU UK negotiations from the from Europe and basically it gives you a bit of an idea if you want to have a scroll in your own time about what exactly needs to happen in terms of a process here in order to get the formal adoption of a deal being done because hence the reason why it's problematic if you're leaving it to the last moment because there's a lot of other legal formalities that need to be concluded given that Europe is not just one nation in that respect but again I don't see that as too much of a risk because ultimately as long as I can get the a tentative agreement and a deal done then all of the the semantics if you like I think can take place in Q1 I wouldn't anticipate that being a massive issue personally all right elsewhere talking about oil I saw this source report coming out of Reuters overnight they talked about the fact that OPEC plus compliance with a pact to cut oil supply in September we're seeing that 102 percent bearing in mind that the OPEC plus technical committee does meet today so you could well get some more commentary on this overnight last night you had the API all of the trees it was a slightly deeper draw than anticipated of 5.4 221 million that was almost double the consensus gasoline draw one and a half million to still as 3.9 million cushing was a build though of 2.2 million just to be aware of ahead of DOEs later quick look at the calendar then what have we got the Aussie stuff's kind of out of the way by the way the unemployment rate was a little bit better than expected but of course the Aussie weakening because of the RBA commentary superseding that given the dovish nature of those comments from Governor Lowe otherwise looking into the European session it's very quiet so it's very calendar based from the US point of view and you've got New York Fed manufacturing you've got the import export price out the US you've got initial jobless claims and Fiddy Fed all of that coming out at 130 so do bear that in mind and then later on in the afternoon you get the oil infantry numbers remember it was a public holiday for Columbus Day on Monday in the US so this is a little bit later timing the normal it'll be at 4 p.m not 3 30 today and then you've got that OPEC JTC meeting happening as well alongside the European Council summit and the de facto Brexit deadline it's quite a few things to be aware of on the speaker slate you got this afternoon is the main focus Bank of England's Cunliffe and again ECB president Lagarde is on the on the tape partaking a CMBC debate it'd be quite interesting to hear I think she's now done a year in her position almost if you can believe it so we're interested to see her latest insight and take on the current situation and then you've got Fed speakers in Kashkara in Kualas as well so yeah quite a busy calendar in the afternoon session that's where all the speakers are happening that's where all the US data is happening at 130 is going to be quite important supply side if you are training fixed income futures coming out of France and Spain and you've got a 20 year bond and five year tips coming out of the US and then in terms of earnings you've got Morgan Stanley coming out today but that will be no doubt a market mover for the individual stock definitely not for the actual index future it's going to be dominated by more of those those top level macro themes we've just discussed so yeah that that is it any questions at all just let me know feel free to leave a comment happy to help as per usual otherwise I'll catch you guys tomorrow thanks very much