Welcome to the Bull and Bear Show episode number 14. I'm here with my co-host, King Earl, Nash Cowboy. How are you guys doing today? Great. Doing well, doing well. Fantastic, fantastic. Well probably, I believe we'll have Blaze joining us, but we're going to get started right now anyways. We've got lots to talk about today. You can probably see that I've got Donald Trump's mugshot on the screen. So that's my first topic. What do you guys think about the fact that Trump has once again been indicted now, I believe, four times? This time he actually got a mugshot for the first time and they took his fingerprints. We'll start with you, Earl. What do you think about this? Well, I don't know when America turned into Canada where you can get arrested for freedom of speech for just saying that there was election fraud, you know? But I guess they consider it hate speech, I guess? No, I don't know. We'll have to see, but I mean it's just a shame that it's come down to this and this is the only way they can take him out. And hopefully we can just come back and then clear everything up later in the future and not use it just as a revenge in the future, you know? I mean while he was being indicted, the Biden administration was also meeting up with a special counsel for Hunter Biden investigation. So just saying. Yeah, and we're going to talk about that because it just seems like there's, you know, two different sides to this. It's like the Bidens can't do wrong despite the fact that there's a lot of evidence that they've done a lot of wrong things. And it seems as though Trump can't do anything right and everywhere he goes, it's like every time he turns another corner he has another indictment. What do you think about this Nash Cowboy? Do you think that Donald Trump deserves to be indicted now for the fourth time? I think about the same as Earl does. It's a big ploy just to try and get him not to be in the election because they're scared.  I love it. Even Adam Calvin better came out with a shirt. That's my president with that mugshot. So I just can't wait to see where it goes. Like Trump said when he was interviewed by Tucker, you know, at least now they will get to show all the evidence.  I agree with you guys 100% on that. And the crazy thing too now is this is literally if anything it's helping him, believe it or not, because they're literally saying that this mugshot could turn into the best selling t-shirt on the planet. They're literally on turning this mugshot into full blown t-shirts mug. It's going to be a big seller. What do you guys think about this? Would you guys buy one of these? I am. Absolutely. Like I said, Adam Calvin's one of the number three independent artists in the world. He came out with his own version of a shirt and I plan on ordering one. Absolutely. When's the NFT for sale? When's the NFT available? Oh, we can make one. That's a great question. I didn't know about that. He's got his own NFT collection too. So that's probably going to be a big hit as well. So it's pretty big news. Everyone's talking about this, you know, the ex-president getting a mugshot, getting fingerprinted, despite the fact that there's been cocaine in the White House and nobody has been held accountable for that. As an American, you guys are both born and raised Americans. What do you guys feel like right now? Like when you hear this type of story that there's like cocaine in the White House and nobody seems to care. But yet the guy who's trying to become president is taking mugshots and maybe has to go to jail. And like, what does it feel like as an American right now? It's got to feel like some some weird corruption, right? Like this doesn't feel like a normal election coming up. Would you agree with that? I would say that, yeah, I would say that, you know, it's not a clear representation of what America is or what America stands for or how the normal American values or household operates. Right. So we've come into, you know, a little bit of a conundrum where the White House is no longer representing with the first family the values that America was built on. Right. So they're not they're not being very good ambassadors of the U.S.  But, you know, we'll just see how Baba Baba situation gets. Yeah, it's getting pretty ugly. What do you think about this Nash Cowboy? I think it's quite a disgrace to see how the Biden administration can't be touched.  And I think it's a disgrace that they would stoop to these levels. But at this point, I believe they're scared, and they're trying everything to keep him out of this race.  And hopefully we get changed in 2024. I know we're having the same problem here in Canada. It doesn't seem like anybody likes the leadership here in Canada as well with Trudeau. Not even his own life. But yet, you know, he's still our Prime Minister and there's really no end in sight. So it's kind of a terrible situation here in Canada as well with our leadership or lack thereof. Now, another topic I want to talk about is this was the big news this week. Jerome Powell warns that there could be more interest rate hikes if the economy's rising resilience keeps inflation above the 2% target. Let's think about this. This is big news in America, also very big news in Kansas, though Powell is not going to stop raising rates. What do you guys think about this? Oh, wait a second. Blaze has arrived. Blaze, how are you? Yeah, I've been sitting here for a couple of minutes. Where you been? Oh, sorry about that. I apologize. Before we get to the next topic, Blaze, what do you think about the mug shots of Trump? What do you think about those Trump mug shots?  I think it's stunts. That's all. I mean, it's a good idea by him. Kind of a desperate move, but... You think it'll help him in the long run? You think it's going to hurt him having his... It's going to help him. You think it's going to help him? Yep. I know we've seen with other celebrities that when they go to jail and come back, they come out even more popular. We've seen that with Martha Stewart. So could this possibly work to his advantage? I think so. You think it will. Okay. Well, our next topic... Well, once you do a little time in prison, you learn how to cover up your crimes a little better from other people in there. Well, there's a lot of people that, you know, gut his back. And when they see that, it pisses him off and they're going to quite even hide it for him. Yeah, I think that's a very big possibility. Yeah. I think that's very, very possible. Now, Powell has just come out and said that they're going to continue to raise rates until inflation to that 2% number. And at the rate that they're raising rates, like we're getting to the point where people are getting really, really squeezed. They're saying that household debt and credit card debt is at all time highs. So what do you guys think about this? They're saying that you're coming in so resilient and they're going to keep raising rates until they get to 2% inflation. Do you think that they will continue to raise rates? What do you think? I do believe that he will, but we do have to look at, you know, the markets here in the next couple of months. I mean, he might still hold off, right? Because we only have one more schedule for this year, right? And then we'll have to look and see what he actually does and how the market actually reacts within the next month or so. Because I mean, we're coming up, which we'll talk about a little later, is up right now, but there's a big, you know, black swan event that might potentially be looming over the edge. So, you know, we'll have to see, but I believe that he's doing exactly what Biden put him there to do, which was do nothing but let the banks down soft on the recession. Try to cover up the recession that Biden put us in and just jack up interest rates and to get us back down to the 2%. And he don't care how I do it as long as the banks don't lose their liquidity and Biden isn't exposed. And he don't look like Fauci in the end. Okay. Nash Cowboy, what do you think? You think we're going to go to higher rates? I mean, we're at 5.5%. We've gone up an entire 5% in a year. People are struggling. Housing has doubled. Gas prices have essentially doubled. Food prices have doubled. Taxes are going up. Everything is going up. People are getting squeezed and people are not making more. So, Nash Cowboy, what do you think? We're going for higher rates? I think so. Absolutely. I went to actually take out a loan today, just a small personal loan, a couple thousand dollars. And I had a mating credit and my banker's like, I can't get you less than 10%. I'm like, what? Wow, 10% interest rate on a loan? Yeah. And I was like, but I have great credit. He's like, that's minimum. He's like, housing loans are 10% right now. I'm like, he's like, if somebody takes out a $300,000 loan for a house, that's a $3,000 a month payment just in interest. I'm like, wow, that's crazy.  So, I'm honestly expecting a very bad economic collapse because it just can't keep going. The housing market's going to crash, in my opinion. And I honestly think that's what the Biden administration is trying to do. Yeah, it seems like the same things are happening here in Canada. Everything is going up. There's no end in sight. We continue to have politicians saying that they're going to make it more affordable, but they're not. And they're constantly raising rates so people are getting squeezed. Something's got to give here sooner rather than later. Blaze, what do you think? Is Powell going to raise rates? Yeah, I think so. I think it's going to happen again. And it's just going to make more people bum rush all the stores and big crowds and rob everything. It's just going to make everything a mess. We're going to have a big mess. I just don't see anything getting any better anytime soon. They're going to keep squeezing us until they get what they need, man. Okay, well, Powell also said this, which kind of made me think maybe he won't raise rates. He said, higher rates may be needed. We will move carefully. That's the first time that I actually heard him say, we will move carefully. When I heard that, it made me think that maybe there's a chance that he won't raise rates. Maybe if the market continues to be struggling, which it seems like everyone is starting to struggle, maybe they just won't raise rates. Maybe they'll just pause or maybe they'll decide to kind of wait a little bit and see how the market responds. What do you think about that when he says we will move carefully? Can you guys kind of read between the lines? What do you think he means by that, Earl? I think that these banks are having to pay back their bonds that they had to do. There's going to be more liquidity coming into the US government and less out on the streets. As the market continues to pump, it's going to flood back into the banks where they can actually make their payments. That's actually going to help the situation that's going on. However, the banks are going to be without their liquidity until they pass new regulations that they have to have a one-to-one asset, kind of like they just did in Canada. Until something like that's done, they're going to be worried about liquidity in banks versus the over liquidity that they have provided outside of the country. You never know with Operation Sandman whether some of that liquidity might be coming back to us and other currencies. I think we've been teetering right close to it. The market going up and down, as we already saw, had finally went up just a little bit on the inflation numbers in June or July. That was on the yearly scope, but we had continually started going down, which was in a good trend. We were looking at harvest season coming up, and it depends on how much the federal government is going to do. We think they're doing major on everything but farming, so we shall see. I think that's what he's waiting to find out is what the harvest season is going to look like before the Christmas and holiday seasons. Nash Cowboy, if you had to read between the lines, do you think there's a chance that maybe they're not going to raise rates? Because he's saying they're going to move carefully. Up until now, he hasn't been carefully. He's just been raising rates, raising rates, raising rates. It seems like he's changed his tune a little bit here. Do you think that careful means that he might not raise rates, or do you think he's just trying to calm people down? What do you think? I think he's just trying to calm people down. That's my personal opinion. Everybody's starting to be aware of what's going on, and they're trying to make it not so obvious is what I think. That's my own opinion, but I'm still on the side that I think they're trying to collapse the economy. They're doing a good job of collapsing the economy. They're saying that there's tons of people that are homeless now, people living in their cars, people can't afford to pay rent. We've talked about housing has gone up, food prices have gone up, gas prices have gone up. Everything is going up, but people are not making more and we're being taxed in North America at the highest rate of anyone else on the planet. So something's got to give. When you're getting squeezed from every angle, something has to give. When a lot of big companies like Walmart announced that there's going to be massive layoffs, there's a problem. What do you think? What do you think? I think him saying move carefully is to squeeze another one in and then slow down a little bit. That's his careful move. Test the waters, see what we do. He's going to do it again. Yeah, okay. Carefully is doing it one more time to see our reaction. Yeah, I kind of feel that way too.  Yeah, exactly. I kind of agree with you. Part of me wishes that they're not going to keep raising rates because like you said, Cowboy, you go to the bank, it's 10% interest on a loan now. So everything is going up. Your credit card bills are going up, lines of credit, car loans, mortgage prices, everything's going up. Every time they raise rates, that means all of your bills just got higher. So something's got to give. And speaking on that, now they're going after our crypto. So guys, take a look at this. US Treasury Department proposes new reporting requirements for digital asset brokers and attempt to crypto adoption. So they're doing everything they can now to tax us on our crypto. So everything has gone up. Everything, we're being taxed like crazy. Now they want to tax our crypto too. What do you think about this, King girl? I think I welcome it actually. You know, we need more regulation within the crypto, you know, and then for it to actually be adopted, it needs to be regulated. But you know, for it to be regulated, you have to recognize that it is not a freaking security so you can't keep suing them. So how are you going to tax me on something that's unregistered as a tax, as a security? You have to accept that it is a security and let them register so you can quit suing them as unregistered securities. You have to pass the regulations to get it done. So you think this is a good thing? I think it's a good thing. And we've all seen it. I mean, it's been coming out for the past two years. They just passed a proposal for it. You have until October 30th to discuss it or leave a comment on their board for them to consider, you know, and then we'll go from there. But I mean, it's going to put more eyes on it. And if the federal government starts accepting the fact that we use it as a revenue source, kind of like they do the cannabis industry here in the U.S. You know, they don't see it as legal, but they still want to tax it and they still want them tax dollars, but only the state gets it. But, you know, it's going to make other people wealthy. But, you know, for them to actually accept the money, they have to do it through registered means and they have to accept the fact that it is a digital currency, not just digital assets. Okay. Nash Cowboy, what do you think about this? I'm up in the air on it. I mean, I see you're also out of the thing. But at the other point, I think the government is just trying to dip their hands in more pockets because they've given away so much freaking money, they need to figure out how to pay it back. And the only way they can get money to pay it back is by dipping into the American citizens hands, grabbing our pockets and shaking them some more, you know what I'm saying. Taxes. Tax the people. I say, boo. I say, look, non-gun birds, we're going to stay that way. Government ain't getting nothing unless we cash out into their native dollar, like the United States dollar, Canadian dollar, then you can take the taxes if you want, but you ain't going to stop taxing me on every transaction I do in my crypto. I do not agree. I don't like it. The reason why I'm in crypto, because I can care less the way the government runs without money, because they take out money and throw it overseas to people that don't even need it. They're actually doing rehearsals of bombings and stuff like that, and they're picking up little foam rocks and stuff, and it's proof that we're just throwing money away. So they're going to keep throwing our money away without my permission because I didn't give them permission to do that. So that's why I'm in a non-governance type of financial thing, you know what I mean? I want the government to run my money after I pay taxes. Yeah. And where do you draw the line once they start taxing? Do you get to claim all your losses too? No, people couldn't claim their losses, but they're taking our profits in a way. They can't go through it right. Of course.   So they're just selling it anyway, and they're trying to figure out how to smuggle the money back in to pay for it. Right. Right. They just want more from us, so they can keep on loaning it out, dumping it all up. Money laundering. I'm getting tired of them. They don't work hard. They don't do what we do, right? So they should stay out of what we do. They already taxes on our paycheck. They get no more. I want to take my money off the taxes and do what I want with it. They work hard. They work hard to make sure that they tax us. Yeah. They work hard to make sure they can tax us and get as much money as off of us as they can, so they can take our money. That's essential to what our governments do, right? Yep. You're right. They work hard on robbing us. Yeah. And then squander it. Eight hours a day, seven hours of the day they use to keep on taking from us. Yep. You know, the government never... Like, who are they to give us permission to do crypto? We can cash it out to any money we want. We don't have to cash it out to the U.S. or the Canadian government. Who are they? The American government never gained the power to tax us in the first place. I'll cash it out to Portuguese money, then turn Portuguese money into American money. It's simple. Now, let's talk about this next topic here. So crypto for a $3 trillion Bitcoin, Ethereum and XRP price bombshell. So essentially, it's going to be a $3 trillion Bitcoin. $3 trillion Bitcoin, Ethereum and XRP price bombshell. So essentially, they're saying that there is a black swan event that could really boost a surprise black swan event has prime crypto for a $3 trillion Bitcoin, Ethereum and XRP price bombshell. That black swan event was when Ripple beat the SEC. So this is obviously not new news, but it's an article that just came out saying that the SEC loss to Ripple could be the black swan event that could take Bitcoin, Ethereum and XRP to really high levels. Some predicting as high as $150,000 for Bitcoin. Some predicting Bitcoin is going to go as high as $400,000. What do you guys think? Now, obviously the SEC is appealing the decision, which is taking Ripple back down. But do you think that Ripple beating the SEC is going to be a huge room for Bitcoin, Ethereum and Ripple? We'll start with you, Earl. Okay. So I don't think that somebody is sitting around with $3 trillion just waiting for XRP to win a lawsuit, right? They'd wanted to invest it. They would have invested it a minute ago. Is there going to be multi-transactions? Yes. Do I think it's going to be just because they won the lawsuit? No. I don't think it's going to be just because they won a lawsuit. But Ethereum, yeah, it's going to pump mainly due to other tokens and stablecoins utilizing their blockchain data and their blockchain to process transactions such as PayPal, USD. So they're putting them on the Ethereum network, right? And then it's going to utilize the Ethereum network to do the transactions. It's not going to be because of winning a lawsuit that makes someone invest. It's going to be because people believe in the project and, you know, $3 trillion, they're only subtracting from the $4 trillion that was in the market last year with barely $1 trillion in it now. So we're just looking at the bear and the bull difference. So I don't think it's all going to Ethereum and XRP. Okay. Nash Cowboy, what do you think? Well, I think that winning the lawsuit will affect it as shown in the first one before the appeal. It almost doubled in price. So I do think it will affect it to some matter, but I'm not thinking I'm still standing in my guns. This month's going to be bad. This month's going to be bad just based off of every, I think we can all agree we're in an accumulation here. And every single accumulation here in September was bad, August was bad. But I think the pattern is going to stick. And then after that, maybe we can see a rise, but I don't think that the lawsuit, the effects of it will do that much. Okay. So what do you think? Winning the lawsuit like that, right, is giving confidence to everybody. So of course it's going to eventually make people spend a lot more money and people are waiting for March of next year for the having to happen. Plus the lawsuit dwindling away showing XRP one confidence boost, more investments is a potion for success. Bitcoin over 300K token by the end of next year. If it happens every what I said about September and August to let it be noted that every single October in an accumulation year. They call it Rocktober because it always exploded at every October and every single. Problem is you want to go get $20,000 out of a bank. You got to wait a couple of days. Sometimes if you want to take $20,000 of Bitcoin, it goes through right away, you know. Yeah.  We haven't had a green September for Bitcoin since 2016. And it was the only one out of 10 years that we've had a green September. The only one in 2016. So we go and we go and lower folks. Just saying we go and lower. You got 90% chance according to the tracking. So speaking on that that goes to our next topic. We just got to get through this year. Check this out. Bitcoin's bleak outlook. US inflation data predicts a sub 20,000 price in 2023. So my question to you guys is this. Do you think Bitcoin goes back under 20K in the next few months? Some are saying it will. I personally don't think it will, but some are saying it's going under 20K. What do you guys think? What do you think, girl? I think that I'm not a financial advisor. So don't listen to me. But my opinion is that, you know, I don't believe it's going to go below 22,000, much less 24,000. We're looking at, you know, a potential drop back down to the 24 to $25,000 range on trading. If we do drop down below, we're looking at September is generally between nine to on the accumulation phase nine to 13% down. So we're not looking at massive losses anymore because we've already dropped down some. Right. And we'll probably pump up a little bit here by the end of the month. So, you know, with us actually going back down, I don't view as going back down to 20. I mean, we're way above the, we're barely below the 200 week moving average now. I don't think we're going to move too much farther away from it. We've spent over 40% of the time during this bear season below the 200 week moving average as a new trend for the first time ever for Bitcoin. But I don't believe we're going to dunk way back below it like we did during COVID unless COVID happens again. So we'll have to see from that. But people use them Bitcoin as catalyst for when the market actually crashes for stock markets.  So just be on the eye for it and know when you see a good opportunity because you invest your money.  Okay. And I know you'll make profit on the short side too. So I know Earl does short sometimes so he can make money on the downside too. We're just looking at the price of Bitcoin. It's now at 26,000. So my question to you Nash Cowboy, do you think it's possible that we go below 20,000 on Bitcoin with it at 26,000? 26,000 right now. I think we could hit about 22, but that's my personal opinion. And I do think that we're going to have, I think about the second week of September we're going to have some COVID mandates come back out. And I think it's going to affect it some. But like Earl said, I'm not a financial advisor. Don't take my advice on that. But if I've been thinking about getting into shorting and I'll be shorting Bitcoin first September. Okay. All right. We see Bitcoin under 20,000. Absolutely not. No, no, no, no, no. No, no, no. Havings coming next year ... If it drops back down to 22K, it's going to go right back up to 29K. So I'm not even worried about it. People are not going ... And if COVID comes again, people actually spend money on crypto. So in my opinion, never. No, not this year.    No They spent the stimulus COVID stimulus money on investments though Let's hope they don't know over and played us again doing that. Otherwise, we're in for a world of damage Yeah, but Something trillion or something that did not all go into crypto. Yeah Well, I was 19.7 trillion dollars they overprinted within eight months last year last year Yeah, I would say yeah possibility, but we're getting so close to the big day for 2024 that It'd be ridiculous for people to sell off that much Bitcoin to let it drop and let the whales buy back up and make it unaffordable I'm going all in on crypto well on on the percentages, you know after the September bloodbath we're always looking on accumulation phase between 20 to 34 percent pumps for the next three Two to three months.  So what was September before 2020? September before 2020 Everything was low low low low and then boom October rolled around things not a jump in we turned into 2021 the first having right damn late Everything went up humongous It's what we're back on that path me and rich checked it out a while ago I think we're right back on that path where everybody needs to make the decision between now and In the end of the year like I think everything in September is gonna be on sale and you better Mark my words on now Yeah, I have to wait till September the 20th to see what the White House scheduled announcement is that's already on the books for September 20th Right now, what about this guys? XRP has given up all of its gains that it made When it won its landmark case versus the SEC now the SEC is appealing the decision And XRP is giving back all of its gains So as an investor who's wanting to buy XRP is this the time to buy XRP right now? Because if the appeal comes back negative you'd have to assume the XRP is just gonna shoot right back up again Now if the appeal comes back in the favor of the SEC We'd have to assume the XRP was gonna go even lower What do you guys think we'll start with you Earl does XRP go back up or does it go lower from here? I think we're gonna have a bunch of pumping and dumping for our buying and selling for Accumulation, I mean it's always a good point to buy in before the all-coin season in the bull season Market, but I mean as far as the SEC's lawsuit and their appeal I mean we're gonna that's gonna be dragged out. It's gonna drag it down back down through the mud We're gonna be looking back down You know if after the bull season, we're gonna get dumped back down potentially to the 33 to 36 Cent range depending on the pump and the percentages of the pump but I mean that was the current floor for it anyway and We have to wait for the lawsuit to clear up. I mean are we looking at another two three four years I mean, it's gonna be after the bull season. I can guarantee you that So, you know, we're gonna have to be checking to see what goes on, but they've already been dropping lawyers. So We have to look see how long it's gonna take and it's not a speedy process So I do see us dropping back down below, you know, 50 cents by the end of the next bear season But you know, it also depends on how much of a pump we have and the catalyst and that's not financial advice It's just numbers to play around with Yeah, and I must remind anyone who's watching that rich TV live is strictly for information and education purposes None of us are licensed advisors So please do your due diligence and do your research before you invest in anything we talk about or discuss on the show I am a holder of Bitcoin full disclosure. I'm not telling you to buy Bitcoin Many of us here hold Bitcoin So we're not trying to tell you to you know to buy or hold Bitcoin ripple Ethereum any of these assets But we do own some of these assets So just want to be obvious and clear and very transparent with that now Nash Cowboy. What do you think? Do you think now is the time to get into ripple? I missed the last run I'm kind of wanting to get some now Is time that I should buy you think it's going to go lower. What do you think? I absolutely think now is the time but I also think it's going to dip But anything can happen in crypto. So It's better to dollar cost your way into it So now is definitely a good time but Like I said, September I'm sticking with my guns. We're going to go down in September and we're almost there now bitcoins, you know going down So Now and September definitely great times to get in But get in as it's going down Um, you don't want to buy it when it's in the green and going up. So Then you've lost that mark, you know 100% always buy Absolutely a good idea in my eyes. I'm looking into it. Um I'm not worried about the sec with them because they can't beat them Okay they can't They proved it so they can talk about appealing all they want. What appeal do do what lose again? I'm not worried about it Now that the united states of america can play with ripple again Seeing it's supposed to be a free country and do whatever we can do, you know They they lock us out of stuff now that we can mess around. We're going to build that sucker right up here in america Okay, so yeah, I like the project a hundred percent. Well, I know I I want to get some ripple I only have a very small amount And I'm looking at these prices and I'm salivating thinking what could well come to them I had to get rid of all my ripple that I had a lot of and I took a huge loss because of that And you know, what about people like me that they they pay me back for all the mess they put me through You know Yeah, no, I don't think they're gonna be paying anything. No, of course not. So I'm gonna go around to with them. Let's go So yeah, so I also ripple was one of my first coins that I truly fell in love with But I just got tired of watching them do nothing. I sold my ripple and I put it into bitcoin and Um, so far it's been a reasonable investment. It's done reasonable Obviously if bitcoin shoots it'll do much better if ripple shoots then, you know, it'll hurt because I'm not in it really Uh, I've only got a small amount So I'm looking very closely and I am looking to position myself in ripple Now ripple did come out with some big news this week Um a partnership with south korea Looking to boost xrpl adoption I know this is something that url wanted to talk about so url What do you think about this partnership with ripple in south korea? I think it's uh, the next step I mean you can look at all the announcements from six years ago as far as the ledger technology And uh, this is going to be the implementation of it I mean they're working with eight different countries to potentially do cbb at cbdc's And now we're looking at south korea as far as a partnership for the catalyst company Or organization and they're looking at Teaching people how to actually digitally asset Turn their stuff into digital assets. So that's one of the great things as far as Uh xrp ledger is that you can put land as a digital asset Which is what they actually running tests on with a south korean project So it's a step in the right direction It's going to show the capabilities and part of the fullest capabilities of xrp As far as just making other things rather than just currencies digital assets such as some of the other Chain organizations have done as far as just tracking and doing Inventory and keeping an inventory on what you actually own So that's what I like about the ledger technologies You're turning them into digital and you can keep track of them, but you're also allowed in cross border transactions So, you know, if you want to sell, you know land in mexico, maybe you can digitalize it and uh sell it through uh xrp's ledger You know, so I like it and I like the fact that the organization is there teaching people how to properly do it And I think that's going to be a huge catalyst for the company that people in south korea And other asian countries will be actually learning how to digitalize assets, which is the next step So I view it's going to be huge not only for the project but for the entire crypto industry Okay, and what do you think nash cowboy? Um, I think that's I'm I'm with there along that one. Um, I think it could be a huge boost not only For south korea, but also for us in uh boosting xrp and I'm with there along the them teaching You know One thing I've noticed is here in america They don't they don't teach Anyone about money. I think they should put it in schools now You know, I agree. Um I mean when I was a kid they taught us how to write checks and that was it You know, but they didn't teach us how money actually works All right, and that's been a huge downfall in Kids is because they grow up and don't understand how money works They don't understand that our our currency is a debt They don't understand any of that. Uh, they don't know how to leverage anything um They don't know how to make money work for To make more money They just know In schools that you know, yeah go to school get a nine to five and do the best again in life so I honestly think our schools should start teaching things like crypto and Just different ways of doing that Rp But I look at it like this nash if the schools are not teaching it. Isn't that our opportunity as entrepreneurs though? That's just true. That's just true. I mean I look at it like that as an entrepreneur I went to portugal and I was like nobody here knows anything about bitcoin All I thought about was if I could help a million people in A million portuguese people or people in general learn about bitcoin in portugal. I could turn that into a business That's my business Because people have no clue what bitcoin is. They have no clue how to get a wallet They have no clue how to protect their bitcoin. They have no clue how to secure their bitcoin They have no clue how to store their bitcoin Like there's a lot of education that needs to get into place So if there isn't that type of education in school Is that not our opportunity as entrepreneurs to take advantage of that and to fill that need? That's what I see as an opportunity. I like I like what you're both are saying in my opinion about korea What this program is just the start of every other country going to be doing this That's right because people don't know how to use a ledger. They don't know how to buy bitcoin America Canada Russia china We all have entrepreneurs that teach But north korea, japan Egypt all them other countries are going to stop following suit plus the ones down in south america Um, yeah, I think it's going to start a trend. I kind of like it Yeah, and like when I went to europe and I was talking to people about bitcoin. I swear Almost everybody I talked to had not even heard of bitcoin They don't even know what it is Yeah, right and i'm like wow you guys don't know what bitcoin is here in this country And like portugal is one of the countries that's more Advanced when it comes to bitcoin. They don't even have any bitcoin taxes So there are there a country that's very Progressive when it comes to bitcoin, but I think that's more tourists I don't think it's a lot of the locals a lot of locals Have no clue what bitcoin is So my wheels were turning and I was like man. I'd love to just start doing conferences events Create a bitcoin store You know and teach people about bitcoin in this country I think there would be a huge opportunity to do it and the more I think about and the more I talk about it The more i'm selling myself on that opportunity And you're starting to see it now in south korea and other countries looking to do the same thing So I think there's a huge opportunity for all of us in the future to do that Um, you know, maybe you know the bull and bear show can be a part of that one day Let's take a look at this here. So Well, I just want to say I do view is going to be great, especially as xrp dips its toes into the derivatives market Yeah, right. So pay attention to that So let's talk about this is ripples new partnership the boost that xrp needs Is this partnership with south korea enough To give xrp the boost it needs to get back to all-time highs. What do you think earl? No No, I don't view that it is. I mean, it's great news. Don't get me wrong Any news is great news as long as it's not with a lawsuit or them going bankrupt like ftx or doing some scammy crap But you know We're looking at a partnership It's going to solidify the project and unify people and add more people to the team And it's going to give them better adoption across multiple countries But you know The only way that the token is going to go up is if people are investing in it and a partnership doesn't exactly mean dollars It just means that they're willing to work together Right to create a common goal. So it could help in the future, but it's not going to help immediately Because I haven't seen nothing about them actually investing money So on this news alone. No other partnerships in the future potentially Now just so everyone knows ripple has 200 partnerships So there are 200 companies Countries businesses that have partnered with ripple already. So ripple already has many many partnerships all over the world I just wanted to throw that in there. Nash cowboy. Do you think that this is enough to boost ripple? Is this the partnership that takes ripple back to all-time highs? No, but I I do think in the next bull market, they will surpass their all-time high by a lot Okay, and then all-time high is three dollars and 30 cents. Yeah, um, I'm I'm guessing above 20 dollars But wow I mean partnerships are a lot of banks um banking systems all that kind of stuff I think ripple is the The catalyst in between everything going digital Okay What do you think blaze? I agree. Um I like I said, it's a trendy thing. Okay, so no it isn't there's 200 other partners, but they're not all countries Okay, yeah, this is a country backing up the token a country. No not a business a country could Make or break this token Um in the near future. I think 110 it is going to affect it on the positive note But not skyrocket it like we're thinking like nash just said Eventually we get a wait for other things to happen, but is it going to set an upward trend for them because of this partnership? Absolutely Oh, okay. I think I really think so Yeah, because it's a full country. I mean come on. Korea is great, right? All right, so we're just gonna change because the more people you teach the more viral it gets the more viral things get The more things gets old I agree So this week was a really really crazy week with news one of the weird things that happened Is there was a russian warlord that actually was trying to run a coup on Putin and turn Against the russian army and he was on his way to russia and They stopped him his name is pro-gosian and he is part of the Wagner group the Wagner's boss And many predicted after he decided to turn on Putin That that was the end of him that either he was gonna have to go into exile Or he would be murdered or that he would have to disappear Well, surprise surprise his plane crashed And they're saying that he's dead now my question to you guys is this first of all Do you think he's actually dead and secondly? Do you think that Putin had anything to do with it? We'll start with you king girl Oh, did we lose king girl? Oh, I believe so Okay, wait a second. He popped back up. Here he is Earl are you back? Yep, did you hear my question? Yes, I did Do you think that uh, Putin had anything to do with pro-gosian's death? I think that uh It's hard to tell. It's another country. We're looking at a propaganda machine that is huge If somebody wants to disappear, they always go to russia look at the wiki leaks guy You know, we're looking at He could continue to use him for other projects or he could have just Offed him because it was him and the number two guy for Wagner and You know, it's going to be hard until something surfaces. So I don't really want to speak on The conspiracy of it, but I do believe if it actually happened then yes, Putin definitely took him out But you know in the grand aspect of things it could be so many different things that could be happening with an analytical mind It could be many many many many things especially I don't want to say it, you know, but there's been things happening with Belarus and The u.s. Getting urged to pull anybody and now everybody out of Belarus the guy was supposed to ran the Belarus and You know, this is three days before the plane goes down just saying And the Belarusian government and President already told Progosian to be careful and warned them that this was going to happen So I don't think anyone should be too surprised The other weird thing was as soon as this happened Putin came out and put a statement out talking about it and how saddened he was Which did not look very sincere to me um Because if I'm Putin and I'm the world's biggest gangster And some guy turns on me. I'm probably gonna find a way to get rid of him. I'm just saying I mean This is Putin, right? Uh, what do you think there cowboy? um I've learned to not believe anything that I hear in any kind of media Yeah So I don't know if the guy even really turned on him at this point, you know Is that just what our media is telling us? Um If he did I'm sure Putin was was after his head um Did his did he get shot down in a plane? I doubt it if the guy if if that really happened and the guy was warned about it He knows poons after him. Do you really think that he would put himself that vulnerable? Or do you think he'd be on another little plane somewhere?


Earnings per share is the amount of net income earned for each share of common stock outstanding. Earnings per share is the most widely quoted of all the financial ratios. It's the only ratio that appears in the financial statements, and that is on the income statement. Earnings per share is a measure of profitability. Recall that outstanding shares of stock are shares issued minus shares of treasury stock. Earnings per share is calculated as net income minus preferred stock dividends divided by the average number of common stock shares outstanding. So here's an income statement for our sample company. We'll use the highlighted net income to determine earnings per share. Here's a balance sheet from our sample company. We'll use the highlighted common stock section to figure out the shares outstanding. Sometimes we aren't given the number of shares outstanding, like in my example, but it's easy enough to figure out if we have the value of the stock and the par value. The number of shares equals the value of the common stock divided by the par value. So for 2016, net income minus preferred stock dividends, which I've assumed to be $100 in this example, divided by the average common shares outstanding gives us earnings per share of $1.71. This result is often compared with others in the industry as well as what stock market analysts predicted.


Before I was living in New York City, basically was super unhappy, a shitty job, I was commuting an hour from New Jersey. I routinely fall asleep on my train on the way home, which was the last train out of the city because I had a shitty job and I routinely worked until eight or nine. It was just not fun and I spent most of my time actually kind of wishing I was back in college. The musical Avenue Q came out that year and there's a piece at the beginning, I wish I could go back to college and I broke down and cried when I went to see that. It was pretty ridiculous. Then I saw a job posting from a couple of people I barely knew looking for web developers in Kansas and before I knew it, I was moving to a state I never thought I would live in which I promise is not as bad as you think it is. The state may be. Lawrence, though, the town that I lived there is beautiful. This is South Park, the town in the middle of downtown in the spring. The red buds are just glorious. We have not one but three locally owned newspapers in the downtown area with cats. Yes, shop cats are the best. An amazing live music scene. This is the Flaming Lips playing in a venue about the size of this room. Really great local food and beer, an awesome college basketball team if you're into that sort of thing. The reason I moved there, an amazingly progressive and really unusual locally owned newspaper, in 2004 we had a team of about five developers working for this paper with about a 19,000 circulation. To put that in perspective, the New York Times digital team at that point was about 10 people. It was really weird and unusual to be doing really cutting edge web development in the middle of Kansas at a newspaper. So a year later we released Django, we took it out of the tools that we had been building at the newspaper and released it open source. We actually, like I went looking for our launch announcement blog and I realized we never actually ended up publishing it because while we were editing it people found the website and started downloading it and using it. So this is our first actual blog post saying, yeah there's a tutorial now, hi, yeah and it was great. We didn't think a lot about the organization of the project when we released it or we thought some about it but mostly we took our cues from the Python community and Adrian and I appointed ourselves benevolent dictators for life, a sort of tongue in cheek, you know it's a weird sort of dictatorship when your community can fork the kingdom and set themselves up as a dictatorship so it's a weird sort of term in open source but it's fairly common, a lot of projects have these sort of dictatorish roles and that seemed right, it seemed to be working, it seemed to be good. So let's cut forward about nine years and Adrian and I resigned as BDFLs and since then my involvement in open source and in Django has basically gone to nothing. My last commit to Django was maybe a year and a half ago and it was fixing a link in the README. I stepped down from my roles on the DSF, the Django Software Foundation, I barely write open source software. At this point my involvement in the open source community is basically coming to events like this and thinking about how I used to be involved in open source. So that's the story, that's the arc of my involvement in open source to date and many people know that story, what I haven't really spoken about or written about until recently is the why, why I went from considering open source to be an incredible important part of my life and my identity and why something that gave me so much has become something that I don't have the energy for anymore. And what it comes down to is there were three things I just couldn't deal with, three problems I couldn't handle and I give up and those problems are burnout, money and toxic people. This is probably a pretty good time to mention that the rest of this talk has some discussions of burnout and depression, harassment and toxic people within our community is nothing specific but I am going to talk about them and how they affected me and others in the community. Also, so look, I'm used to giving like two types of talks, I'm used to giving a talk where I'm trying to teach something and it doesn't have to be exciting or happy or fun but at the end I want you to walk out and know something you didn't know before. Or I'm used to giving sort of the like uplifting, inspiring, yeah let's go do the thing type of talk. So this is weird for me because all I have here are questions, I don't have answers and they're questions that really bum me out and depress me. If you follow me on Twitter you may have noticed in the last few weeks in the every evening I've been tweeting kind of bummed out stuff because what I've been doing is sitting down and working on this talk every evening and until I get too depressed to keep working on it and I set it aside and move on to other stuff. So yeah, I don't know why y'all ask me to speak first, I hope I don't, hey it says feelings right on the marquee, you know what you're in for, alright. So it's fairly obvious that what I'm describing here is burnout and I'm by no means the right person to really talk about burnout in general. I can point to a couple of people who have covered burnout in ways that I really spoke to me. Kathleen has given a talk a few times called Avoiding Burnout and Essentials of Open Source Care. There's a link to her video from PyCon, she's given it a few other times there. And then Julie, who's actually here today, talks about it in her talk, she's given a number of times, it's dangerous to go alone, the sort of second half of that talk as I remember is all about burnout and handling it. So definitely check them out, I did not take their advice and I probably should have, I wish I had had these resources a few years ago. So for me, the thing that helped me identify what I was feeling was burnout, was this sort of like burnout model from a couple of psychologists. Wikipedia has a surprisingly good summary of it and I kind of want to talk through like what this felt like for me going through it, like I said it wasn't until fairly late that I really identified and named what I was feeling. But in retrospect, sort of my burnout maps very well to these sort of stages of burnout. So it starts kind of with a compulsion to prove oneself, I mean for me, I felt like we had open source this thing and I wanted it to be really awesome and I needed to make this really great and the more I lost interest, the harder I worked to try to overcome it. Yeah, this isn't fun anymore, but if I just do it harder, I'll make it fun again. Working harder, neglecting needs, I stopped taking time off really or rather I would take time off from work so that I could work on open source, which was also kind of what I was working, it wasn't really, I stopped taking vacations. I remember in particular in Florida with my wife and her family sitting on the beach and reviewing pull requests. At a certain point, I stopped identifying, I don't think I ever identified the problem as my own, I started identifying it as other people's problems, if only these idiots would stop submitting bad code that I would have to review, if only these jerks would stop asking for help, like it wasn't my fault that I couldn't muster the energy to work on this.  At a certain point, you kind of have to, I had to change what my value system was to accommodate my increasing disconnect from the work that I was doing and I somehow made it about like, if I can just do this more and make it better, this will like help me get a higher paying job and then I'll have more money and then I can retire and not work anymore. It's very weird, I can't even really summon why I thought that that was a good plan but it seemed really good at the time. All through it, I didn't really note that there was a slide, I just sort of felt like I was doing the only thing I could under the circumstances. So yeah, you start withdrawing, I stopped participating as much, I would say that I would do something and then just not do it. I would be around in the community but I didn't really acknowledge that I was stepping away. At a certain point, other people start to notice that you're different and that's getting more and more difficult and it was around here no longer seeing myself as valuable, feeling really just kind of like nothing matter anymore and finally entering what really can only be described as depression that I finally sort of noticed where I was. Luckily for me, I didn't reach what these psychologists described as the last stage of burnout which is an actual collapse and requiring medical attention but I think I stopped fairly close to that. So this is the email that I sent to the Django Core team, I haven't shared this before, I feel a little weird talking through it but it was important for me to name what was going on and I really just sort of ripped the band-aid off. I just said, I'm sorry, I know you're relying on me for things, I was even too exhausted to identify the things that I needed to hand off. I just knew that I just couldn't do it anymore and I said look like if there are things that I'm the only one knows how to do, let me know and I'll try to make you know how to do them but I need to step back and luckily I was surrounded by such a great group of people that everyone said please take care of yourself, what can I do to help, how can I, and there was no shaming in it, all the sort of worries that I had about telling my friends and fellow contributors about it was totally unfounded and I don't know why it took me so long. So I clearly got pretty burnt out and I still am, I think I'm still recovering from it around open source to some degree but a year out now I'm able to start thinking about why I got burnt out and what factors led to it and so one of the things that really helped me there was Kathleen's talk and these are a couple of three slides from her talk and she talked about a number of different things that can cause, that can lead to burnout, balance, mismatching expectations, pacing of work and a feeling of a loss of control and for me it was really the first and the last ones I think that were the biggest reasons. Balance was one, I was writing code full time during the day and then going home and writing code full time all night, I was basically only doing the one thing, the only difference between what I did during the day and what I did in the evenings was the license under which that code was written which is pretty irrelevant to the work that you're actually doing and so for me this was really, you know, balance really translates to what I'm going to talk about in the next section is money, right? I wasn't getting paid to do the work that I felt like I had to do and I had to do the work that I was getting paid because like mortgages and bills and car payments and that sort of stuff so I had to do like double work one out of a feeling of obligation and one out of a feeling of like we live in a capitalist society and I need money but they were the same thing and so I couldn't find that balance in my life and then loss of control so I, you know, I was supposedly a dictator, right? So why couldn't I do anything about toxic people in our community? I was supposed to be ruling by an iron fist and so why can't I do anything about harassment and abuse and that feeling of not having control over your own life and seeing no way to sort of change the equation is really one of the sort of key contributing factors to burn out or at least it was for me. What's really hard about this is I see this repeating in Django community again. I've seen the next cycle of really active contributors step up in the absence that Adrian and I left, burned themselves out, leave, and have been replaced again with yet another cycle and we are returning through people where we're using our community like an exhaustible resource, burning them out and then going on to the next people who don't know that this is coming for them a couple years in. I don't know what to do about that. I don't know how to prevent this. I don't know how to build a more sustainable, a more long term community that doesn't just exhaust people and then cast them aside. So money. So there is a ton of money around open source. The one that kind of annoys me personally is Facebook buys Instagram for a billion dollars, one billion dollars and Instagram has not donated a cent or a line of code to Django or to Python, which they built those technology that on top of. There is so much money around open source. There isn't a company out there that is not directly more profitable because they're using free software. And yet very, very few people actually are getting paid for their work on open source, a shockingly small number of people. I was actually one of those lucky people. I got paid to work on open source. In fact, I got paid a number of times to work on open source. And it never really worked out. When I was working at the newspaper and we originally released Django, the agreement was kind of part time. Like, yeah, you can work on Django when it's relevant because we're using it at work and don't want it's not. And sensibly, I was being sponsored by my employer still. But what happens with that sort of loosey-goosey arrangement is that over time, work always seems more important. There's never a good reason to give your work away. And especially when you're working in this sort of deadline-driven atmosphere that you are inside of a news organization, it's really hard to say, well, yeah, I know that we've got the big piece on government salaries coming out on Monday, but I really need to fix this bug report. So when I had the opportunity, a company offered to pay me full-time to work on Django until 1.0 was released just to get it out the door. And then half-time thereafter, it seemed like perfect. Like, that's exactly the right solution. Like, they're going to explicitly make working at open source my job. And for the first part of that worked really well, like, was being paid 100%, only working at open source. It was brilliant. It was like the dream that every open source developer has. That half-time thing, I totally blew it. I straight up kept working full time on open source. And I remember really clearly the phone call I got from my boss after about six months of that being like, dude, it's not working. This is not working out. And he was right. He remains a really good friend, despite having fired me. That's a sign of a good manager when they can fire you and you still feel good about it. But I couldn't make it work. Like, if half your job is doing something really exciting and fun and the other half is kind of trying to build a startup so it can get bought. So then I founded a consultancy with the idea that, look, if I work for myself, it will be super easy to set my own priorities. And that's a hilarious idea. Because suddenly when you're the one paying the paychecks, open source never seems like a good idea. And so I finally just kind of threw in the towel. Now I work for Heroku. I'm a manager full time. I don't write code at work. We don't use Django or Python at work. I work in a different field. I work in security, not really in software development. Like, I just kind of gave up. I'm not being paid in any way to work to work on open source. And in some ways it actually feels healthier. So I couldn't make it work. And the fact is, this is not really that unique a story. Like, there are so few people who managed to make working on open source something that actually works out for them. This is David McIver, who works on a tool called Hypothesis, which is a really cool, anyway, it's kind of like a testing tool for Python, sort of doing provably correct algorithms. It's really neat. And being used super broadly. And he basically posted recently about just giving it up. He said, you know, I've done a reality check and I found reality wanting. I've been trying to figure out a way of making Hypothesis development sustainable. And the answer is basically I can't, despite the fact it's clearly going to save people millions of dollars over the course of its lifetime. We've built an industry on free labor.  This is the same point that Ash Dryden made maybe a year or so earlier, the blog post, the ethics of unpaid labor in the OSS community. People contribute to open source freely and mostly enjoyably. I enjoyed it for eight or nine years of that 10-year arc. But we've somehow Ash writes that we've been culturally talked into accepting this arrangement and not realizing that businesses are using it to extract value from us. The idea behind open source was to break free of proprietary software, to break free of this pay to play. And instead, she writes, we've ended up in a scenario where we are now paying for the development of software that large companies financially benefit from with little cost to them. We've somehow built this system where, yes, open source one in the sense that every company is an open source company now. Microsoft is open sourcing.net. How much more of an example do you need to show in the open source versus proprietary battle we won. But we won at such a cost. The cost now is that thousands of people are donating money to Microsoft and to Oracle and to Apple and to Google. That's weird. Would you write a check to Google? So why are you working on open source for them? Very strange. So maybe this is getting better. I think there might be some signs that we're starting to get a little better about money in open source. Certainly in the Django community we've seen several successful Kickstarter campaigns that have paid people to work on large, long-standing problems. Django for the first 10 years didn't have any sort of built in migrations framework which was probably the biggest usability problem that we had. And Andrew raised about twice what he asked for to build a migrations framework for Django and it's great and it solved a big problem and he got paid and everyone's happy. So that's good. I worry that these are proprietary platforms and we're sort of hitching our hopes and dreams to someone else's profit sharing or profit center again. We have a fully funded Django fellowship now. We pay one person full time to work on Django. This is a little bit weird. It was easy to fund the first year. I wonder what's going to happen when we go back to that well the next year. And it's also strange because of the laws around non-profits in the U.S. what we're allowed to employ someone to do is complicated and we have to be somewhat careful about how we structure that work. Maybe the answer is better corporate citizenship. There are other funding models. I have some links here you can read about them. So maybe we're starting to figure it out. But on the other hand venture capital is also investing in open source. And because clearly the way to make open source less exploitative is to get venture capital involved. I don't know maybe we need something more radical. Like maybe this is not a technology problem. Maybe we need basic income. Maybe that's how we solve this problem. Maybe we need maybe we need a strike.  So I couldn't make it I couldn't make it work financially. But for me the thing that really sapped the remaining amount of my will was was worth the toxic people in our community. Sorry I'm a little bit nervous talking about this. This is a tough story to tell. So Jeremy Duncan was a friend of mine. I considered him a friend for almost 10 years. And when I found out that he had been systematically creeping on and harassing women in the community for many years it was a it was a gut punch. He was banned from from double union which is a feminist hacker space in San Francisco. The only person to have been banned. I found out about it slightly before this this blog post was published when a friend reached out to tell me what was going on. And this is difficult to talk about because I really can only talk about what's what's been published publicly because to do so otherwise would betray confidences. And I'm not going to do that. And this is really common when you're dealing with toxic people. They take advantage of a power imbalance to ensure that the people that they are to ensure that the people that they are harassing are going to be less likely to be able to speak out about it. My my willingness to participate in a space with someone like this is basically zero but I also have been unable to entirely kick him out. And this also is common because we rely on this idea of having enough evidence that someone is actually a harasser. So these are some of the reactions that people had to that blog post. I'm not citing a source here. I'm usually try to be fairly careful about citing sources because I really don't want to be sort of shaming the people who said this that several of these quotes are from people who I who I respect highly. And I think that they're coming from a good place. My point here is to show how how our sort of patriarchal expectations reinforce a place where we allow toxic people to stay. These people are coming from a good place but they're reacting to an accusation of harassment in a somewhat unfortunately predictable way. You know I didn't find these emails creepy but he's a fantastic ally. Why are we publicly shaming someone. I don't know what happened. It didn't seem creepy. Jeremy is a good person. I haven't seen enough evidence. And these are these are really common responses. To understand this I turn to a collection of essays that I found really fantastic. Revolution starts at home confronting intimate violence within activist communities. Now it's specifically about partner violence in in activist communities. But it provides there there's a lot of these collection of essays and they are all somewhat tough and also really amazing to read. But it provides more it speaks to more than just sort of partner violence and activist communities. It really talks quite a bit about how and why abusers are allowed to stay within our communities even when they are explicitly set up to combat those types of of abuse. So there's a section at the end called community accountability within people of color progressive movements which is just an amazing resource to understand that what goes on when we're refusing to see abuse in our communities. The author's right patriarchy upholds and supports gender oppression. And they identify four ways in which this works. Denial, minimizing, victim-blaming and counter-organizing. And so I want to go through those and then we'll look back at those quotes and you can kind of see how this functions. So denial looks like characterizing issues as personal or private.  Brief aside the authors of revolution starts at home always use the pronoun he to identify abusers because abusers are predominantly male. But they acknowledge and I want to also that that's not always true that's simply the predominant gender in abusive relationships. Minimizing looks like again calling something a misunderstanding saying that it's taking away from the real or the important work but this person is such a good ally but this person is such a good activist their work is important or deliberately addressing issues in a very ineffectual and non-toothy way. Think of the conference that I think was reader Khan that reacted to an abuser in their in their community by banning him for two years. That's addressing the problem but what makes you believe that after two years he's not going to repeat the same behavior. Victim blaming among the other ways it works is by characterizing the abusers as victims they're nice their heroes they're important to our work why are we publicly shaming. And counter-organizing looks like deliberate reaction to two accusations threatening to fire people as happened in this case discrediting the person who raised the concern rather than dealing with the substance of it. Questioning the legitimacy of the concern. Questioning the need for accountability in the first place. So I did not find these emails offensive is denial and minimizing. I have always found them to be an ally this reeks of public shaming victim blaming counter-organizing denial minimizing victim blaming victim blaming denial counter-organizing and again these are people I respect and think highly of and think genuinely want to deal with these problems these are not you know these are not anonymous trolls these are not you know anti-feminists these are people who are trying very hard to grapple with these issues and are still falling into this trap that our culture lays for us. And the problem is most abusive men don't seem abusive except to their victims. And that observation comes from Lundy Bancroft why does he do that. The best thing that I've read into that really helps understand the psychology of men who harass and abuse and why and why they do that. I knew Jeremy for 10 years and I didn't have a clue. The problem is that we approach abuse and kind of this legalistic frame you know we need we need a conviction beyond a shadow of a doubt or you know preponderance of evidence. And this is a mistake we're not a court we're not a justice system we don't need to have proof that someone is an abuser I mean let's let's take a thought experiment right let's say let's say there's someone in your community like this and you have a suspicion that they're behaving in some in some crappy way. So you've got two options you just get you can kick them out without much evidence and so what's the ramifications if you do that well they can no longer be part of your community. Maybe it makes it a little harder for them to get a job probably not especially if they're a white guy because we benefit from assumed competence but okay maybe it's a little bit harder because they can't claim to be part of your community anymore. They don't get to come to community events. Is that really a big problem? I don't think it's huge. Let's flip it around let's say you let them stay and the accusations are true. Well how many people are they gonna are they going to exclude from your community because they feel harassed and abused. One, two, ten, fifty? The harm of letting someone stay is so much greater than the harm of kicking them out even if you're wrong and yet we still approach these things from this idea of needing evidence and even as BDFL I did not have evidence I still don't have evidence to really be claiming if I if I need to prove in a court of law before I can get this before I can expel this person. The problem is that being fair and balanced benefits the abusers. Bencroft writes that it's not possible to be truly balanced in one's view of an abuser and an abused woman. Neutrality actually serves the interests of the perpetrator much more than those of the victim and is not neutral. In reality to remain neutral is to collude with the abusive man whether or not that is your goal. We live in an unbalanced society so neutrality is unbalanced. So the worst part about this the thing that's really difficult is this was not the first time. This was not the first time that someone I knew and considered a friend I later found out to be a toxic person. It wasn't even the second time this has become common this has become a thing that happens. Somebody tweeted I went looking for it I couldn't find it so if you know who to who to site here please tell me that if you're a man and a woman hasn't told you about an experience of harassment it's because nobody trusts you enough. It's not because you don't know women who have been harassed and this wasn't the last time. There's a person right now in the central to the python community who I even once considered a mentor who is acting in some pretty shitty ways. I have an opportunity right now to name a name and I don't think I can I'm not going to because the harm that it would do to the people who can't come forward is greater than the benefit that I would gain by calling this person out. We've built systems that don't force accountability on people who behave in this way and I don't know how to change that equation. We have codes of conduct in their start they at least tell us where the boundaries are but they're not enough if we can't actually do something about people who cross those boundaries if we can't change the legalistic frame that we that we view these these problems from we have to figure out a way to remove toxic people from our communities because if we don't non-toxic people will leave. That's what I did I left and I've stopped trying to get new people in because I don't know how I can in good conscience say you should come be a part of our community when I know that we don't have the tools to deal with the creepers. So I had three problems that I couldn't solve and I still can't solve I still don't know how to fix these problems. The reason that I wanted to give this talk in particular to this group is I think if anybody has an idea how to solve them maybe it's maybe it's some of you. Thank you.


Hey y'all, today we're making these delicious chocolate chip cookies, hot and chewy. Sticks of butter, and it should be room temperature. This one's a little bit too soft, put it in here. So to the butter we're going to add sugar. We're going to add granulated and three-quarter cups of brown sugar. The granulated first and the brown sugar of course you crack in a little bit. This is favorite except we got teenagers, a lot of them. So we're actually omitting the oatmeal and the pecans. Just plain chocolate chip. So you can always do that with my recipe if you want to. Spoon of vanilla, and then two and a half cups of all-round so it doesn't throw flour everywhere. Eggs in after the sugar. Let's go ahead and add them. Two eggs. You can add your eggs after you fluff up your sugar and butter if you want to. Probably the smartest thing to do. So that was one and a half cups of flour. So we're going to need two more half cups to be two and a half cups of flour. We got the oven on preheat to bake chocolate chip at 350 degrees. So it's at 350 degrees. And while that finishes getting mixed up good, I'm going to pick my stuff up and what we're going to do is add our chips. Add the milk chocolate, half a bag of semi-sweet. Extra good. I'm going to add another teaspoon of vanilla. Got tons of it, right? Turn it off. Now we're going to get these and drop them out on a cookie sheet. You can use parchment if you want to. It's easier to clean up if you do. If you have some, parchment is expensive. But if you buy it in large quantity, it's not as expensive. So I do like to buy parchment from wholesale clubs or online in larger quantities. The parchment that I have now is actually something I got off Amazon. You can buy this online. Anything you see me using, whether it's even down to the parchment paper, I have linked, if you go to www.collarandballycooks.com, then you can purchase what you see in me use. There's different categories on the shop down pull menu. Now these cookies, because we didn't add the oatmeal and the pecans, are a little bit softer. They'll be really good. If you want to cut them out, then you have to refrigerate them first. But there's no reason why you have to do that. If the cookie has a dryer batter, or it's been refrigerated, I would use a cookie scoop. But today, since these are fresh, it's still nice and creamy. I'm just going to use a spoon. I'm actually using a tablespoon because I want these to be nice and big. Chewy in the middle, crispy on the outside, cookies. And of course, the bigger you make them, the more you have to spread them apart. All right, we're going to get these in the oven. Come on. I want to add just a little bit to this one because I don't have quite as much on me. Do you think crispy? Or those big? Thirteen? Yeah. We'll try 13 minutes. Timer, 13, start. We'll see you in a minute. So when you make cookies, when I was growing up, I never had one of these. And, you know, it was simple. I didn't have parts of the paper and I didn't have one of these. But it's best to have cookies when you get them out. Let them cool just a minute or two and then slide them off and put them on here because they will continue to cook on this.  Let's see how these look nice and chewy right quick. While they're nice and hot, everybody wants a nice, warm, gooey, chocolate chip cookie. Delicious. Aw, we didn't make two patches. The first batch was a little lighter than the second batch. I guess the oven is warmer. So if I were you, I would set the timer for 12 minutes on average to get a lighter cookie like this and chewy. Let me show it to you. Nice and chewy in the middle, crunchy on the outside. The perfect chocolate chip cookie made with butter. I hope you all have enjoyed watching Colored Valley Cooks. The kids are going to love having chocolate chip cookies and sloppy jugs for supper.


Is that what it's called lion coffee? Yeah, is it gonna turn me into a lion? Yeah. All right I'll tell you it's pretty strong man. I'm gonna be a little jittery What's up guys the guys were ripping up four box number 1320 22 prism football hobby We got Alexander F. Denver Andra a Minnesota Ashley Cincinnati Blake Saints Brett Ravens Chris you jets David H. Detroit David R. Bears Dean Panthers Edward P. Dallas Elizabeth Jacksonville Gary W. With the Browns Jeff K. What's up, Jeff? Texans Jiha chiefs Hilton Green Bay John F. Colts Josh D. Bills, this is probably gonna be one of the most entertaining parts of the day guys This is me trying to read the screen because it is a tiny writing Josh D. Bills Joshua B. Raiders Justin Eagles Kevin H. Niners Kyle S. Tennessee Man alive Michael T. Tampa Michael M. Dolphins Paul G. Falcons Peter G. Chargers Ray G. Steelers Ryan D. Giants Ryan B. Patriots Sean H. Cardinals Steven W. Rams and Hawks Trevor Washington Holy moly And now I gotta blind myself with shiny stuff.  Maybe that's why Prison football I have been ripping this stuff since it came out Every year I've ripped this product Every single year I'm the opposite you're gonna have a lot of stuff to get used to here You're gonna have a lot of stuff to get used to here.  What's that commercial for it was like Philly Philly or dilly dilly or They're like next person says Philly Philly.  I'm gonna kill you like what's The best George Pickens silver emergent got a hyper poyre For Buffalo, I think they're the 279 nope 175 they used to be the 279 That's I'm aging past parallels guys I'm now aging past what stuff is numbered to everything is changing around me Silver rookie Houston Metschy the third Texans Purple ice Chris Jones Kansas City And is numbered to I can't see that two and a quarter Jack Jack Jones. I like Jack Jones Brock Purdy. There he is for the ninas I'm gonna laugh about that all day just reminding me I'm telling you me and Brad laughed about that for a month KW3 silver emergent Hawks Hyper Robinson Jr Nice little rookie there for Washington. He had a good rookie season Jameson bill That was so much fun What's up Kyle When'd you get to sleep like an hour ago you guys all worked like a 40-hour shift Brilliance Najee orange Hendrickson for Cincinnati Kind of a color match Orange is the 249 couple rookies Hope everybody's having a great day out there We appreciate every single one of you If you're not subscribed to the YouTube channel, please do so we'd appreciate it Silver same guy Seattle to 25 Camo auto rookie. I mean I want to say boy mafe, but I don't think that's right Boy mafe sounds not right boy a mafe Boy a mafe. I Don't know how to say the guy's name. Oh Looks like a big boy there you go Hawks It's the first time I've even seen that name strong and Ferguson rookies It really does I don't want to say that but it does. It's bad. It's bad Silver rookie fireworks breeze hall jets Purple ice poyer again buffalo Garrett Wilson rookie Evan Neil But it's a camo auto will take it Baker is a freaking buck in here You believe that? Breece Hall again Blue wave single Terry for Buffalo. They are numbered of 199 Traylon Thibodeaux Silver Snead Orange deuce for the Saints Walker and Drake Jackson How is lean chatting? He's driving this Savannah. I know I don't think Wayne uses hands when he's driving. I mean he just drives with his knees probably Silver Derek Henry. Oh Atlanta to 99 right blue ice auto Mike Vic For the dirty birds Cool hit there Atlanta congrats better third auto. Yeah, and it's supposed to be two We got a bonus auto. We got three autos first box And the 75 good old Luke a kalook a Panthers Skyler Dotson rookies a Kenneth Walker red wave Barry Sanders Stingley Taylor Last pack of box one my thumb already hurts. I just started red wave There he is again Boy a mafia Gotta be it Malcolm Rodriguez Drake London rookie nice Box to my pleasure guys my pleasure. It's nice to be here. I could only be doing 40 trillion other things that need to get done But I'd rather be here ripping cards with you guys. It's been way too long. I gotta make a better habit of Getting on camera and having fun with y'all Silver rookie Alec Pierce Colts not bad blue wave Ramsey for the Rams rookie rookie ah Chipmunks, I will do We will do round a round will be on you prism break Going to the Saints Chris Olave. That is a cool-looking insert. There you go Saints Blue wave Robinson rookie again, Washington. There's a Malik rookie Darius record Control scroll wheel on the mouse zooming in. I Don't know what you mean me There's Brady Garrett Wilson Purple ice Mike thank Evans Go into Tampa Numbered to something I want me to read those they're gonna have to make them bigger James Cook Some washed up scrub, why is this one backwards? Ganon the cannon backwards variation Silver Ezekiel free agent Elliot Buffalo to 149 red wave auto Khalil Shakir Going to the bills. I hope to pull many one-on-one Dean and Phillips work ease Silver emergent cook for the bills orange Josh Allen Jags The other Josh Allen Wandaille McDuffie brilliance of Stafford Hyper Poyer again, we're gonna have the full Jordan Poyer rainbow Walker Alec Pierce work ease hype Trevor ooh ice Chris Godwin bucks again. He gets to 99 Christ and Otten rookies red wave McDuffie rookie for the chiefs and York rookie base Silver fireworks Kenny pick it nice purple Patrick Mahomes, Kansas City Good old purple Patrick that is to 125 nailer Metji. Thanks Mark. That means a lot to me, buddy Really appreciate that. Oh Yeah, we got some gold We got some gold. Come on, baby. Is that the top? Cordero Patterson all out gold. There's blue ice behind it number to 10 Atlanta again Falcons are a strong team in this When he was first the rookie, I called him quarter ill Is that 2013 Nice gold Atlanta congrats blue ice rookie of a Carl Aftis Kansas City yet again Breeze Hall Silver Cup Purple ice Teddy Bruce key my man Patriots Skymore We're moving on to box three. Oh, no or not. I'm blended right in. We have one more pack Trying to trying to get done quick Silver chase young well points card six honey Random to all well, that's gonna be fun Figuring that out orange Javante Williams Denver Matt Corral Right now. We're on the box three. I don't blame you. He's probably way more entertaining than I am There's over there probably laughing no idea what buttons to push over here Silver Hawkinson as a Viking and Philly again same guy to 75 same exact card Carson strong There's only 73 of these left. It can't be that hard to get them all Corner of the market on color match Carson strong. Oh, those Going to Philly Brian Cook Shakira silver brilliance Kelsey Red Wave Richie Grant Atlanta Traylon rookie to be the rookie Mace Silver fireworks a la vei Saints orange wave like one who Rookie for the Panthers That's the 60 rookies sure I can't wait for you guys and gals to see the new gaming shop It's gonna be freaking awesome Hertz Purple Brett Fabry There's a hutch rookie for Detroit Herbert insert Purple ice Josh Jacobs Vegas Rookie base Who or oh, yeah, it's all that Silver rookie Minnesota Booth Jr Orange Baker Carolina Kenny Pickett base rookie a la vei Orange rookie Steelers George Pickens Not bad 249 on that Grats Pittsburgh Washington, there's a Watson rookie Randy Watson Silver height Waddle Blue Wave Andre digs Davis and Thornton rookies Yeah, everything goes to one side. I don't put any funny stuff that goes this way is like multi-random stuff It makes more sense Silver DK Redemption could that be big base auto silver Debo Niners What up MOOC? Red Wave Humphrey for the Ravens This wasn't I don't have a pen You're writing Niners on that. Yep. Yes. Thank you Yeah, there's a Ritter for Atlanta Cam Hayward hype or a hyper Sauce Dak Purple Ice rookie Arizona Trey McBride 225 on that another Pickens That guy again Silver Andre for Houston the green scope Dan Marino Anymore of that gum ace That's number to 75 you go Miami Your gun is digging in my head Algier and Ritter What was I on? Ironwood is Pinkle There's so many great lines out of it So good Places out I mean Cyclebilly Pinkle's the mayor What do you know about pressure? Like a glove Mahomes Pink says Dilly Dilly Malcolm Rodriguez Hyper rookie Detroit There's a Dobbs Silver Drake Jackson rookie Niners Green Scope Godwin Bucks That's a 75 There's a Pacheco rookie Ventura Yes, Satan Oh, Mr. Shakedance, I thought you were somebody else Silver Montgomery Bears Redweave Leroy Kelly Cleveland Lloyd and Tolbert That's not stuff like That's not stuff like Dotson rookie insert Blue Ice Gibson Washington Bell, brisker Orange Young Ho Koo The move goes I might have been killed Silver Hutch Detroit Ooh, Camo Trey Lance Niners on the Camo Nice That's a 20-25 Two camos in four boxes That's not bad And a gold Not bad on the color Ferguson Yeah, I haven't seen that in so long, man Lamar Purple rookie Seattle Kenneth Walker, the third Nice There you go, Hawks That is the 125 Nice little purple for you Spiller and Hall Tommy Boy, yeah, I haven't seen that in a long time Silver Wagner What is that? It's another purple That's purple power coming up Not solid purple Justin Herbert Ooh, yeah On the purple power chargers There we go Mmm That's cool looking Four of 49 Nah Still nice Let me go chargers Cool card My vision is so bad I'm whiffing on sleeves I'm just like Rookie's there I saw backwards ice Silver Cam That is Philly again Blue Ice Auto Jaws There you go, Eagles Another hit What, three autos this break? Jawsky Another Brock Purdy, second one Jameson Aaron Rodgers Blue Wave Davante Parker Patriots Silver Baker again And to 99 Philly again Blue Ice Auto A.J. Brown Eagles Eatin' If Uzi was here, you would've heard Go Birds four times Eagles Having the break here Sam Howell, there he is Bellinger Last pack Silver Hype Micah Purple Ice Daven Cook Minnesota Where did he just go? This one's somewhere, somebody signed them Pierce Rookie, Hill Rookie That'll do it, quick recap here Their base And the purple Power Herbert Camo Lance Gold Patterson A.J. Brown Ice Auto Jawsky Ice Auto Shakir Red Wave Auto for Buffalo Mike Vick Ice Auto Camo Auto of Boye Maffe We had two of that guy Green Scope Strong Autos For Philly And a Debo Redemption Auto That'll do it, thanks again Ladies and gents, that was my first break back I do have a random to do So give me one second And watch me struggle with this Let's grab these teams Copy Paste We'll do the random for points 600 of them Three times So I go like this This'll be Points This'll be three And then I hit that button I think it worked Two Three Niners Niners, get the points Thanks again everybody, appreciate it Another one coming up