Thank you very much for these kind words of introduction ladies and gentlemen. It's a pleasure to be back in Dublin Last time I came to Dublin was half a year ago Not to address such a distinguished audience not a numerous audience, but only two members of the new appointed government at that point in time very distinguished politicians And last time I was here at the Institute I think it was five years five years ago a few weeks after I joined the Executive Board of the of the of the ECB now ladies and gentlemen these are Very challenging times for you here in Ireland, but also for us in Frankfurt And I think for all governments in the European Union and in particular in the in the euro area very challenging times With this sovereign debt crisis, which has re-intensified I must say and now spreading Over to the to other countries of the euro area including as we have seen last week since last week also to So-called core countries of the of the euro area. This is a new Phenomenon, however, let me add already from the outset that the fiscal crisis the sovereign debt crisis is not only Concentrated in in Europe all advanced economies or most of the advanced economies are facing Serious problems in their in their public debt and high deficits a close of the double digits or with debt or GDP ratio is Which have exploded since 2008-2009 on average by 25 to 30 percent of GDP in some cases more than 40 percent of GDP and now countries that Run a debt or GDP ratio of about 40 or 45 percent in 2007 today run a debt or GDP ratio of 85 percent or even 100 percent advanced economies apart from Japan not to mention Japan because Japan is a special case with the debt or GDP ratio of 220 percent so this is an an issue for all advanced economies to address this challenge and to pursue politics policies in order to To assure the sustainability of Of the debt at the same time we see in continental Europe that Investors are reassessing their exposure in sovereign debt and We see a process an ongoing process of deleveraging So maybe we are facing at present Let me say a paradigm shift as far as public debt is concerned a paradigm shift in a way That the debt tolerance is declining and that investors Have a closer look to the underlying economic fundamentals in respective countries before they invest in in the in these in these countries At the same time ladies and gentlemen the longer this sovereign debt crisis last the more likely Will be negative spillovers to the real economy in particular via the confidence channel and For this reason I have to say it be this conflict this Sovereign debt crisis is mainly a Confidence confidence crisis a confidence crisis in a way that Financial market tense intentions have unfavorable effects on the financing on financing conditions and on confidence and all this is likely to dampen Economic growth in the near term If not in the in the medium term the second that There is a lack of confidence in the sustainability of public debt third that a lack of confidence in the ability of politicians to Do the right things and to do the right things right? And finally there are increasing fears about longer term longer term impact of the sovereign debt crisis on economic growth and on jobs Now very briefly on the global situation where we stand at present globally we see strong headwinds and for the global economy Which continue to restrain the recovery In particular again in the advanced economies. We still see these still strong growth in emerging market economies Global growth is mainly driven by emerging market economies with very strong growth and According to international institutions global economic the global economic activity Will grow by around 4% in 2011 and a bit less in 2012 at the same time the world trade volume Will grow around 7% this year But again will grow a bit slower in 2012 this according to international institutions in their projections or Forecast all in all what we can say about the global activity Is that global activity is moderating and All in all that world trade Dynamics remain weak for the euro area GDP growth is expected to be very moderate in the second half of 2011 however the third quarter surprised many people on the upside With strong growth in France and in Germany But we expect stronger dampening effects in the fourth quarter 2011 taking into account the The heterogeneity across euro area member states. We have very heterogeneous picture as far as economic activity is concerned now and the strong dampening effects in the fourth quarter are based on due to the Dampening and underlying growth momentum with a moderation in pace of global demand the negative impact of the overall financing conditions as I said already Resulting from the ongoing sovereign debt crisis But there are still positive signs coming from the emerging market economies and even if they most recently have seen some Some weakening or some decline in economic activity. However, this is in the context of the signs of overheating a welcome development now since the Publication of the Projections of our staff two months two and a half months ago for the euro area the survey data have become more unfavorable and Previously identified the downside risks to economic growth have materialized over the last couple of weeks and for this reason International institutions and organizations, but also European institutions have significantly revised downward their GDP Growth forecast for 2012 it is now in the range between 0.6 and 0.8 percent However based on the Most recent information our staff at the ECB expect not a Longer term Weakening in economic activity, but expect a temporary the soft patch as by definition as a temporary Phenomenon so all the discussion about Recession I must say we have to we should avoid to talk ourselves into Into a recession. There are many questions raised in the newspapers whether the global economy is facing Double dip Is it true that the Europeans the continental Europeans are responsible for? the slowdown in the economic recovery in the United Kingdom and in the United States I think all these countries have their particular problems so like in the housing market with unemployment and with the In some cases with a lack of the fiscal consolidation strategy very briefly on the price developments In October we had an inflation rate in the euro area as a whole on average 3% however, we say this is this belongs to the past we are in our monetary policy we are forward-looking and all the projections of international and private institutions and organizations point to Dissoloration in the inflation that for 2012 but also those who Make available projections are really for 2013 We see in this or this projection horizon and weight Moderation in inflation in line with what we have defined as price stability in in the in the ECB We have to expect decline in inflation rate in the course of 2012 Simply because of base effects Reflecting the strong increase in commodity prices in the in the first quarter of this year again We have they are facing heterogeneity across member states Now the fiscal situation. I mentioned already. This is the key the key point However, let me say all advanced economies have to carry out Fiscal consolidation measures to bring the deficit and the data GDP rush ratio under control without any correction The debt to GDP ratio will increase in the euro area in the year 2020 to 120 percent on average in the euro area How in the according to our estimates in the United States? It will increase to 150 percent of GDP until 2020 and in Japan to 260 percent. So you see there is an urgent need for fiscal consolidation However at present the euro area is in in the focus And it is more than just if the fiscal situation. It is also the structural weaknesses some countries are facing some countries which have lost price competitiveness since they Then they're joined the euro And as I mentioned already the fiscal this fiscal outlook for the euro area is also a threat To the economic outlook and for this reason decisive and front-loaded Action is needed to bolster public confidence in the sustainability of Government finances and this is vital not only for the program countries Greece Ireland Portugal. This is vital for all member states of the euro area The reasons for the explosion of public debt are well known In many cases the starting point was not a Good one and not a positive one. It was different in Ireland Starting from a very low level of debt to GDP ratio, but like in other countries the support of the the financial system the the automatic stabilizers which worked during the economic crisis and the fiscal stimuli in 2009 and 2010 led to this situation in in the debt to defeat that that ratio and the deficit and those countries were hit hardest with large or let me say over extended financial Sector and unsound fiscal positions already before the crisis So for this reason fiscal consolidation, let me stress it again is Indispensable and it has to go hand-in-hand with structural reforms in order to return to two levels which are sustainable now with the case of Ireland I must say that The fiscal consolidation is in line with the program There are good news. I must say And what has been done and what is still required is the rigorous implementation Which are the rigorous implementation in line with the program, but also in line with the excessive deficit procedure second point I would like to stress that Ireland was successful in completing the recapitalization And in the ongoing the leveraging of the of the banking system of domestic banks and the restructuring of domestic banks is progressing and that the action plan on the Market reform or labor market reform product market reform has made significant progress and we see now a significant improvement in the market perception which led to a strong decline in the in the in the spreads in the and the unsoverly sovereign bonds So it I must say it is worth to try to be ahead of the curve and to implement the program as Fully in line with the with the timetable which has been agreed upon And I think this in the end shows positive results Also positive results as far as the GDP growth is concerned in the first half of 2011 I think you are all aware what happened here growth was growth was faster than expected due to strong Export growth net export made a main contribution to the to GDP growth in the first half of 2011 and this is due to the fact that there was a correction in the Unilever cost strong decline in in Unilever cost or adjustment process also in this in this field all in all I must say Ireland the Irish economy has stabilized and in this respect the EU IMF program has helped to stabilize the Irish economy and I must say this is can be there should be a role model also for other countries Which are under program and the Irish case clearly demonstrates it is feasible it is possible to implement the program as long as there is support in the society and as long as there is in principal consensus across the political parties and I hope that This role model from coming from Ireland also will help to overcome the still ongoing problems in the new Greek government now ladies and gentlemen as far as the economic adjustment in the Monetary Union is concerned We are facing in the Monetary Union not only the fiscal imbalances, but also the current account imbalances deficits which were run in many countries of the euro area on the one hand the other side Surpluses however, not all in all cases the deficit of Counter-account deficit in one country is due to the surplus of Of the current account in another country this depends on the structure of the economy The export orientation of the economy the scope of products that are are exported to which no other advanced economy might have Might compete with so I think we have to this is a very complex issue Which have which we have to take in the account now the point I would like to make is that the macroeconomic imbalances and Unsustainable fiscal policies are the root of the current Sovereign debt crisis we are facing in the in the euro area and the existing Economic governance framework has not been able to prevent the emergence of excessive macroeconomic macroeconomic imbalances and moreover the fiscal policy coordination In the euro area turned out to be completely insufficient some countries have built up significant internal and External imbalances during the past decade and recorded inflation rates persistently above the euro area average so for instance the Euro area average accumulate accumulated from 1999 to 2010 an inflation was twenty six point five percent. So year-by-year Old accumulated from 99 to two thousand and ten twenty six point five percent. However, in the case of Greece We had an inflation accumulated of forty six point nine percent in the case of of Ireland Thirty four point six in the case of Portugal thirty three point eight in the case of France only twenty three point one and the case of Germany nineteen point eight over eleven years, so a clear picture Hidro very heterogeneous picture across the euro area member states and We have from the from the side of the ECB time it again warned against this heterogeneity Because we are operating under a single exchange rate of the euro area. So this Inflation differentials cannot anymore be compensated or corrected By adjustment of the of the exchange rate. I come back to this point immediately We have warned against this emerging imbalances at an early point in time, but From the political point of view from side of the governments. There was no urgency to address these emerging imbalances Now increases in labor compensation in some countries driven in most cases by high public sector wage increases exceeded productivity which led to Significant increase in the unit labor cost And unit labor cost growth for anum from 99 to 2010 Sturred increase at three point five percent. So annual increase in unit labor cost three point five percent increase in Spain two point five percent in Ireland two point six percent the average of the euro area unit labor cost increase per anum was 1.6 percent again reflecting this Significant heterogeneity across countries and also not to forget the the fact that The low interest rate environment But also a very let me say Expansionary fiscal policy Allowed for an increase in the indebtedness In Ireland less so in the public sector we had a strong or a substantial reduction in the debtor GDP ratio until 2007 but a sharp increase in the indebtedness of the corporate sector to 204 percent of euro area of the of the Irish GDP and the private households to 120.8 percent of the Irish GDP Compared to the euro area average of 104.6 on the corporate sector and 65.8 in the In the household sector these are figures for 2009 and all in all the private and public debt summed up until 2009 to 389 percent of Irish GDP and the euro area average stood at 249 you see a significant difference. So 104 percent 40 percent of GDP difference between the euro area average and Ireland and a certain point in time you must consider this is not a sustainable path At one point in time. This has to be corrected The issue is how and when Abrupt or more smoothly the soft landing or heart landing after a boom a bust or how to deal With the boom and in particular the question for the future how to avoid boom and bust in future Is this feasible to avoid boom and bust in the future in any case? now many factors Contributed to these developments including unrealistically optimistic expectations about future income developments and the underestimation of Credit risks by financial Institutions and not only credit risk by financial institutions in general We have to say that one of the main reasons for this financial and economic crisis Which ended up in a sovereign debt crisis was the inappropriate pricing of risk until 2007 the undershooting By market market participants in the pricing of risk and now we might see the opposite That markets move in the other direction with an overshooting in the pricing of risk and This is very likely will will stay very likely will stay With us for some for some time a key factor was that wage and income policies were not as I said already sufficiently geared towards Preserving competitiveness in a monetary union and governments failed to address structural structural Rigidities in the euro area economies in other words ladies and gentlemen, there were countries and governments Which have not adjusted to the conditions of a monetary union? They just entered the third stage of monetary union in 1999 with out changing their economic policy They qualified according to the to the Maastricht Convergence criteria that qualified for monetary union in the end This was also a political decision who qualified for for monetary union and also again political decisions who qualified later on when we extended the number of member states adopting the the the euro but There were not all countries were prepared for this situation to deal with the with the situation in which important Adjustment instruments are no longer available and We know that for economic adjustment in general there are three prices available the exchange rate the interest rate and Costs or let's say wages and and by nature in a monetary union the first two prices namely exchange rate and the interest rate are Set for the euro area for the monetary union as a whole but these instruments are no longer available at the national level So for this reason this requires an additional additional or other Instruments to make the economy more flexible Now that what does the monetary union mean in terms of adjustment channels Monetary union in this respect means the that the nominal exchange rate is no longer available So those components contributing to the real exchange rate are the components or are the elements or the instruments which are still available and this means that key conditions for an adjustment in a monetary union are Price flexibility Factor mobility in particular labor and fiscal transfers Now the price flexibility is important in order to let countries affected by adverse economic shocks recover by adjusting wages and Reducing relative prices in order to rebuild competitiveness The second adjustment mechanism the cross-border factor Mobility or in particular labor mobility Helps to adjust to adverse shocks as people move out of the depressed economy until it regains competitiveness and the labor market in the country finds a new equilibrium The third adjustment mechanism identified in the literature is fiscal transfers flowing from the stronger countries or from the economically stronger regions To the weaker parts of a monetary union Although these instruments are often Referred to as being substitutes. They are in fact not the first two price flexibility and Factor mobility are Important to solve the problem facing a country affected by an adverse shock The third one the fiscal transfers only hides the problem a temporary transfers can play Stabilizing role And maybe need it Subject to strict conditionality if a country is affected by a very serious adverse shock Open-ended so long-lasting transfers However are not a mode of adjustment and in fact, they are the opposite the finance the finance non-adjustment Let me remind you of a declaration Which was agreed by the European Finance Ministers on the 1st of May 1998 at first of May 1998 the European Finance Ministers followed by the heads of state and government agreed on the countries Which started with it to move to the which move to the third stage of EMU and there was a declaration Accompanying the council's recommendation on the member states participating in economic and monetary union and this declaration was endorsed or improved by the heads of state and government at the European Council in in in Cardiff in 9th in June 1998 I Quote without prejudice to the objectives and provisions of the treaty It is agreed that economic and monetary union as such Cannot be invoked to justify specific financial transfers This is a clear statement and the author of this sentence is by accident in this room today So No transfers Temporary loans Based on strict conditionality. This is exactly what the EU IMF programs are about adjustment with the support of the European partners Adjustment with the support of the international community Represented by the international monetary fund now ladies and gentlemen the key adjustment mechanism in a monetary union is price and wage flexibility and This was known already in 1998 before the start of the of the third stage Of of EMU, but it was not maybe it was it was forgotten or not internalized by all governments or Parliaments at the international level and wages and prices are essential for country adjustments as they Directly impact on the real exchange rate and thus on a country's competitiveness in fact wages and prices are By definition the only remaining component of the real exchange rate and can be adjusted in the absence of nominal exchange rate flexibility so having Referred to the need for adjustment at the national level. I said that at the supranational level the Economic governance agreed In the master with the mastery treaty and later on with the stability in growth back have failed this economic governance has failed because it Never was fully applied. It was watered down in between 2003 and 2005 When in particular Germany and France insisted that the next step in the application of the stability in growth back Not to take place The result was the reform of the stability in growth back But the reform in the not in the right direction It thought it went totally in the wrong direction and there was at that point in time a political Attempt to destroy the fiscal roots, but we need fiscal rules because With monitor union. We have not engaged. We have not embarked in a fully fledged federation in Europe And as long this is the case part of the so-called political union must be fiscal roots and This was the idea why why why already in the mastery treaty fiscal rules were incorporated and More specified later on in with the stability and growth back. However, it has not worked now Lessons have been learned from this bad experience with an enhanced stability in growth back on the one hand and with a new Procedure, which is the macroeconomic surveillance Procedure in order to identify at an early stage emerging imbalances at the country level or And or at the European level So we see some progress here after the summer break there was an agreement reached between the European Commission the European Parliament and the The European Finance Minister's the so-called six pack. This is a big step forward in our view in the view of the ECP This is not far-reaching enough So we should draw firmer conclusions from this crisis and in this respect the so-called review clause which is part of the agreement between the three institutions and provides an important element and should enable further enhancements in economic governance and Contribute to a smoother functioning of economic and monetary union Now, let me conclude Times are likely to remain challenging for all of us the crisis is not over yet I will not make any forecast When it will be over I hope that the verse to be over in the let's say When I have left the office, but this is not this is not there's no casualty So maybe In two years from now Difficult to predict. I will not make any prediction in this respect. I said already over lunch that About half year ago. I was asked when it is over. I said, okay it seems as if the Most challenging time is over and it turned out to be wrong So this will be very this will again be very demanding times for all of us It will take time to overcome this crisis However, the crisis will have also medium to longer term Effects medium to longer term effects on economic activity on growth potential very likely on growth potential We have to reconsider. What is the growth model of the future after growth models in some countries with? characterized by Low interest rate persistently low interest rate and increasing indebtedness as this growth model has has failed and Leaving behind High fiscal burden for the next generation and maybe for a very long Period of time maybe for more than one generation And we also have to discuss the role of the financial sector in the future What is the role of the financial sector in the future in supporting the real economy? What is Evident and what is very likely is that economic shocks are a fact of life and countries should be prepared to deal with Them and this is all the more the case in a monetary union where the nominal exchange rate Is no longer available as an instrument of adjustment The challenge is that some euro area countries currently face underline the critical importance of strong adjustment mechanisms and the need to avoid macroeconomic imbalances and unsustainable fiscal policies this all underlines the responsibility of National economic policymakers and This brings me to a very important conclusion namely Stability begins at home and we all have to put our own house in order Before we give advice to others all in all strong economic adjustment mechanisms Not only help to absorb adverse shocks But they are also essential to reap the benefits of our single currency the euro. Thank you very much


Hello everybody, it's Eva from the BitTiger here again. Today I would like to share with you small project I made As I am sorting my laptop and I already downloaded new software now I am trying to make order in all videos I saved to my laptop and I'm trying to make out of them some tutorials Which I said I will do but it's a huge mess in it So it's it's going clearly slow. I found a few videos about this project. I made it I don't know how long time ago I Just remember I've been kind of Losing my mojo and I didn't want to mess up with any Any good papers, so I was thinking oh I want to do something But I don't want to ruin my nice papers So I choose to do project from book pages, and I think this is great for beginners or if you are Without any idea what to do just Just practicing So I think it's it's best way to Use book pages and for this project. It's great to use some good good quality book pages I I've been using this book Because it has really good quality paper I Think it's a hundred twenty maybe a hundred sixty Grammage paper. It's really good. It's very heavy and it's great that it's Very thick so I know I use this paper and for discover because it's large and I used only one page. I used one page of Atlas book You know those large school Atlas books They've got mostly that they've got really great paper as well So I used one of those papers which are on the end But it's just writing and there are just pages so I used one of those papers So I'm going to show you quickly What is it? I really like it It was Very fast project even I did it all day. I remember because it was I don't know if it was when I've been working or if it was weekend But I did you know all that Normal ruin I cooked and I went out with my dog, but even that I did this project and it's really nice I found it Always I forgot what I did It's like those pockets and hear those tags and everything is out of Those book pages, so I believe it's great for some bangunas they can Practicing All that scrapbooking and then I used only few metal embellishments those laces this one This craft yarn or this fluffy yarn. I've got from the black cat craft. Thank you D Can you see how it's look looks here? It's beautiful It's just pop up all those tags and here I used one cameo One a fabric flower which I made out of lace one key those corners and those I think Definitely I did it Those rosettes and they will be from these book pages as well This is this side and here I used one cameo and those corners, and I think it's look really pretty It's very quick project Those tacks are same Every single one I decorated same you will see that in that video even I think I lost some of those videos from this You will see that so I'm going to let that Timelapse go and on the end of this video. I will show you a few tips For beginners if they don't have any dice how they can do those corners not those teeny tiny Curves, but how you can do from book pages or from any pay paper Your corners, and they will look good if if you are good in fasticating I'm not sure if I am good, but I will try to show you how you can do it So have a look on my video and see you soon I'm back again. I hope you enjoyed a little bit that process video. Maybe you took some inspiration Before I will show you how to make from paper your own corners like decoration I'm going to show you how I made that cover for this mini mini I took only one page of that atlas atlas book with this print and because my tacks are white three Three inches. They are three inches wide and six inches long so I fold That book. I think twice Oh, no, I fold it one a little bit wider Then it's my tuck with the bit wider. Yeah, like it is. I took measurement from that tuck, you know, I didn't I didn't Use any scoring tools. I just fold it It was just trying, you know, when you when you lost your mojo and you want to do something But you don't want you don't know what to do and then I fold it again I fold it again and I could that excess You know this excess I cut out so When I glue it together, I've got basic from Like three pages and this paper is pretty thick So it is strong nice and strong. It's nearly like a card and then Then I used scoring tool Just because I need to score those lines. I put my it's very easy way. Okay. It's it's not professional But it's very easy you put your paper. I will try to Zoom it a little bit up to take all that paper. Can you see that? Yes, you can see them We're going to take your tuck Place it nearly in the middle Take all of them. Okay with pockets as well I can't take it now because it's already glued But if I will imagine that it's without this cover, I took all those tucks with with pockets and I place them here I scored it here with rule, of course, I scored it here then I took measurement How deep how deep are my tuck with pockets and I scored it Same same size here So I got this side and here I scored it With this banding you can do same Like on this side, you know But I made it Like folder This way It's half inch Scoring all that way half inch It's very easy and it's not maybe professional, but it's very easy and where it's relaxing So this way I did that cover and of course I did same process like With papers I sprayed with that blue color with a little bit with that gold and a little bit with T die T die distress ink And then when it was dry, I stamp it again, maybe you can see that yeah, you can see that I stamp it I distress all those edges and then I decorate it It's very easy way how you can do your Your cover and now I'm going to show you What I did before I've got die cutting machine I try to make my own corners out of paper and it's not too hard to make uh, you need You need square paper and How large it depends how big Corner you won't so now I'm using 4 by 4 inches paper just because I want to show you how to do it if you will want to make Corners right like this Of course not metal corners paper corners like this Not proper. Yeah, it will be nothing so many so many lovely curves Only if you will be so good in fascica tenon you will do it But I'm not too good So you need a square paper Fold it corner to corner this way one And now remember This is This will be your corner. So fold it again now oops 2 coupons or pencil and draw some Some design of your of your corner some Bubbles some curves some Some something nice what you will like to fascicat out of this You can do this one But remember you have to fascicat out of that paper. Okay Don't swear after that that you did something too much Like I did other single times This And here Short dot you can do some Holes here, of course It will show you I hope I'm doing come right side Maybe I should do it on that other side.  Okay oops la Don't laugh to me I'm laughing myself No, anything Make you happy to do it I'm not sure if fascicatting make me happy. You know when I'm watching Annie she's senator one here on youtube I always feel a huge respect to this lady because she's just queen of fascicatting And I am totally totally um How to say so Adore of her work because Amazed of her work You know what I mean. She is just awesome. Really. I don't understand how she can do it. She uh, see I can't I can't do him I am horrible you My sons are not here if they will be here. I'm going to show them that they need to help mommy Oh, did you see that hand of my my youngest? He's horrible and if you will hurt him those Advises he He said like yes This is the best you have to use it. You have to have to cover all the paper You know men, yeah, he's always making jokes. Oops Oh, this video will be long I think He always making jokes, but I think They are glad that I found this crafting because I'm too calm now I'm very calm and I am very Understand understandable mom Is it possible to say it this way like I understand so many things and I not ignoring but I'm okay with so many things now Which I will be shouting before. Oops. See And nearly nearly there nearly there Just going to show you You need to play with this but it's possible to make your own corners Especially if you like to fascinate, you know, you can make Amazing things And if If you have better hands than I've got on this now surprise surprise see It's large, but it's corner I'm so glad it's working. I was so scared. I I told you different side and you've got two Similar corners.  It's kind of Embellishment as well if you will fold it this way See And if you will place it On your tuck go on your side You go on your side. I think it's look good So this is my tip for beginners or for people who don't have yet some A cutting machine. It's it's easy way how you can do your embellishment or your corners kind of corners So this is I think this is all for today. I'm going to try make order in my in my videos again Have lovely day. I hope you enjoyed this video. Thank you so much for watching. Thank you for all kind Amazing comments. Have a beautiful day and see you next time. Bye


Great welcome digital asset news everybody. So instead of talking about the news today I want to just take a look at what's going on with some on-chain data Just do a little quick analysis about what's going on I think that there's just like a title and the thumbnail suggested There's a bit of a shakiness, which I think we can all feel we can all see it around us And then there's a shakeout coming like there always is and that's always gonna be there But the big thing is what are you gonna do about it? So we're gonna do is we're gonna just gonna break it down real quick. First of all I need to take a look at why is there so much leverage going on and the reason is because 60.24% of people are still in the money I'm gonna take it down that hole that rabbit hole this to show you just as much as going on also Take a look at another couple metrics. Who's in the money hodl waves and monthly averages Then last we're gonna talk about the plan my plan not potentially your plan Which is what I'm actually doing what I like to always say is Failing to plan means you are really planning to fail So it's really important just to get that plan going but just like Mike Tyson said Everybody's got a plan till they get punched in the face and then lastly We'll just go over a Q&A five questions in five minutes because I'm sure you're gonna have some questions after this So first of all, let's take a little market recap and if you're here for the live stream welcome Thanks for stopping by on a Saturday. I've watched the replay just knows me time stands below So you can skip ahead do where you want to do because time is precious speaking of which Let's get into the market.  I'm down tethered. I'm a cares Tara. Hey, look at that polka dots up a little bit Good job, but everything's a little bit red But not hugely like in the traditional market. This is like the sky is falling day two percent Down and 1.3 percent but in crypto we just call this a Saturday not a big deal file coins up And this is where things are going and the question that I have is, you know, we have nothing but we have a ton of good news out there So what's going on? Well, if we first of all forget the news is the way that Let's just take a look real quick at the Bitcoin chart This is one time but as far as like the shakiness and you actually saw this on the thumbnail because I just pulled this this chart 20 minutes ago and you could just see that there was quite a little bit of a it wasn't a huge drop It went from 40,000 519 a way to 40,000 almost straight and then it just bounces back up So this is the shakiness. This is the volatility. This is what we're we're pretty much used to and then on top of that We also have to remember that there's this little thing called fear and greed index and what what's amazing to me is That just yesterday or a couple days ago 2828 we were at 22 18 hours ago and then what else 22 22 2828 and just 25 and it bounces up just around. I don't know You know the metrics All the data that that is being pulled But it seems to me like the more that we chop sideways the more people like yeah I'm kind of scared but not that big of a deal not enough to not hit some leverage plays and what I'm talking about here Leaves me to my next point, which is the leverage parts. Why is there so much leverage right now? It seems like there's a ton of it not like it seems it is and we can take a look at our friends over at Well, let me sign in. It's one thing I hate about this About crypto quant just for me because I pull the data then I actually get the the video going and then it only allows You have like 10 minutes. So we take a look here at leverage ratio. I blow this up so you can see it You can't see it. I Talked about this before and again if you're doing leverage plays and making money congratulations I mean, I'm not gonna fault you for that, but it's just amazing to me that The well first of all The leverage ratio just so you know estimate a leverage ratio is defined as a ratio of open interest divided by the reserves of an exchange So when we take a look here about what's going on anything above 0.2 is pretty high and you can see that Threat the course of time since this has been tracking it hasn't been that much point zero six nine point one Which is back in 2019. I just kind of get people get upset people get ballsy. That's what it is You got a leverage ratio of 0.18. So pretty close and then it kind of gyps down and zero point again Chop sideways and look at this The price goes up massively, you know and people like I can get into that Maybe I'll short it and I got to tell you and we talked about this before people who short Bitcoin I actually do pretty darn good. I don't short some of the trader But I just take a look at the charts and go what is going on here because again it goes up like this I guarantee people shorted it here because of the risk ratio and Then if we go down and then here we are You blow this up again so you can see it See here. This looks pretty low. What's not it's zero point one nine and then we just had a massive run-up zero point two four As the price went higher. I'm sure people shorted comes down here. Now. Look at this even with all this volatility The ratio is zero point two four. We might hit zero point three, which would be extremely high Leverage ratio on a continuum of zero to one So the question that is what's going on, you know, why is this? Why is this so high and if I take a look well first of all Just put it just to jump back here to take a look at like all the different shorts for his longs Coin glass comm long short ratio links in the script. You can find it You can see a lot of people like the short. This is this on the five-minute chart, of course But look at this. Here's the greens the longs. Here's the shorts Just looking at the mentality of people right now. I it's interesting the psychology We can go with 30 minutes. So it's the even out, right? now or Still see a lot of see a lot of shorts. I would go 12 hours Evens out then 24 hours. It should be pretty baseline still you still have a little bit more short So you do have long so the question is why? Why are people out there just like going time to leverage and I will remind you of this Not everybody's right. If you look at this at these charts right here, and there's different different strategies you can do I'm sure But 50% of these people roughly or 48% 52% are gonna be wrong And we're gonna see those massive liquidations come about which we've seen Just a week ago and just two months ago and just before that three months ago And what leads to is extreme volatility and massive shakeout people get scared cuz like what happened to the price It's going down no one believes in it And that's just how it goes and they start to sell off and that's the problem with with leverages a lot of people make or some people Make a lot of money Spooks the market they get out, but why and the reason is this if you take a look at into the block It's great website app it in the block com and There's this thing called it blows up Historical in out of the money what this means is Essentially how many people are in the money based on the price the current price of Bitcoin We know that everything falls Bitcoin, right? So we take a look here When the Bitcoin price was at its some of its all-times high all-time high 26 77 3 25 remember those days are those are great days December 26 2020 right before Right for the New Year's I was having a great time. You see it like a 100% I'm pointing the screen like you can see it 100% of people were in the money Nobody was out because we had all-time highs and then we kept doing that never it was exuberance And of course just like we saw over there that we started short and people sold That's just how it is then it comes down And what I was thinking was you know, we're at a price of where we at 40,000 I was like there should be some a lot of people because I get a lot of people complaining in the in the comments Like I bought at the top and and there was the wrong mistake and now I got to sell a kidney or whatever And you know, that's awful. I don't want to sell kidneys or kids or whatever But in all honesty if you take a look at the data Who's in the money? And November 21st it was Almost 90% and of course it goes down at the price goes down makes sense, right? And that that pinkish area is the red. That's who's out of the money even over here on Sunday April 3rd We had almost We had almost three-fourths of people who were in the money 71 almost 72% out of my it was 22% now today as it drips dips down to 40,000 289 you still got 60% of people are still in the money and 4% are like right around that range of their okay. It's almost 60 that's 65% And 35% are out so even though we hear these horror stories about people who are losing a lot of money in the market It's still a huge amount of people who are the money Which means it gives them that hubris that pride that that ability to go. You know what? I'm I'm I can do this I can and some people can I'm not gonna take away some people can and they leverage like crazy and Once we get the shakeouts and once of course the liquidations happen Of course, it's the same thing over and over again. It never stops, which is I shouldn't do the leverage trade I shouldn't in that but you but rarely do you hear people go Man, I made a boatload of money. Just it just doesn't happen But you do hear the people are like I should have done that It's just one of those things and it spooks the market and off it goes. So I think there's some more Volatility coming on and that leads me to my next point which we already talked about who's in the money Now I want to talk to you about hodl waves and monthly averages because I think this will get to the meat of it now this was we had done this yesterday on DC a show and With me James and then I just want to go over it real quick because there was some year of things I wanted to talk about and real quick before we go on I will just say this I believe If you take a look at some some data that we're headed for a recession I don't see and of course if we take a look at recessions, you know, what is a recession? Of course, it's economic downturn, but really what it is is it's it's a two concept two consecutive quarters of a reduction in GDP So we can see here from the Fred data that that's happened in 1970 we had a reduction in this quarter this quarter this quarter Recession 1974 79 81 89 2001.com 2008 I think we all remember that's housing crash and everything else and in 2020, of course that thing called coronavirus Which was of course rebounded quite quickly. I personally don't see how we're going to increase Goods and services output with the problems that we have with the Fed with the inflation with the bottlenecks in the supply chain with China locking down again because that's where everybody kind of gets things So I just don't see how we don't do it and then also James made a good point yesterday He said hey when you're in a recession these markers right here. These are these are lagging indicators We're already excited you're when you're you're already in a recession before you see these let these indicators And I personally think if we're not there, we're pretty darn close and what that means It's going to spook the market It's going to start on S&P 500 NASDAQ those are going to sell off It's going to hit us in the crypto market and there goes probably happened in a year or so not for sure So that's my thesis But I just want to remind people of a couple of things and then I'll get to the plan a bit So this part here This is Ben's website app dot into the cryptiverse and it helps to calm your nerves. I would recommend you sign up It's like a hundred bucks. I think if there's a sale going on I don't know I don't have a affiliate link. It's just a link to the website. So I I Love using it. So that's why I always talk about it so anyhow what we're talking about is like the monthly return stable and obviously Past performance cannot indicate present. What's going to happen in the present? I was I always screw up that saying but you know what I mean so You can start here in the average calculation start for 2010 if you wanted to but again you do that you're Negating these these months because they didn't exist at that point when they were check cracking data or checking data as apparently But you can see right here the averages down here 7.2 70 and it all breaks down my month and I just want you to focus on this as I as I move forward April is a pretty good month and we're kind of sideways in April made that we did a little bit of gains, but we took some hits and 47 but look at this in 2011 it was 418 percent. That's that's an outlier You know here. This is more realistic and then what I want you to notice is How it drops off a little bit of May not too bad Little drop off in June more drop off in July a little drop off in August September is kind of like a crappy month then October it kind of turns around November December I just want you to focus on that when we go through this. Here's 2010 2011 See other numbers change just a little bit They go back actually 47.9. I hope it works this it's good 2012 There we go. So if we if we start in 2012 see other numbers shift a little bit So instead of April was 47.9 now we get it get rid of a couple of years or 2010 2011 But still April all right 14.3 May actually a little better June drops off July a little bump Drop off in August big drop off in September looks pretty good October November December. Just remember how about 2013 same thing So again, how's this look? April pretty good may not too bad Drop off in June a little rally August more drop off September is a crappy month October November December looking pretty good 2014 12.2 mays looking really good actually 18 June July and not too bad a little drop off big drop off a 200% looking good 2015 I think you get the idea here. I'll just do this one more time And it's gonna leave me to my next point a second. So April 14 may it look a pretty good Little drop off June little rally in July August looking bad center looking bad October looking pretty good November December. So That is that part I Think I'm gonna have to jump around for a second and I'm just gonna show you this I made this new This new playlist and it's my it's playing the crypto future And I put in some some videos I think that might be helpful because I can't talk about everything that I did in the last seven videos and Condense it but I will just say this this video right here sell Bitcoin and may and go away and It's if you've watched it, you know, I'm talking about but it takes a look at data from the 1900s early 1900s and how people have done as far as doing that strategy, which is an old strategy on Wall Street also not just in the United States but also across the globe and Statistically it's turned out to be pretty not 100% correct because nothing's 100% correct and again past performance doesn't equal present But it is interesting and it makes a pretty good play of hey may not may not be a bad time to take some profits Also, I get into more of the I need a spell better M major is not major major bank predicts recession and we talked about the recession the recession numbers the flipping of two and ten Yield bonds what it is and I put in DCA also talked about turning two thousand and five billion This is for crypto IRAs the Puerto Rico crypto exit strategies Alternative to cash out, which is real estate Airbnb and verbo and why I'm investing in in new stuff So that's one of my plans, but the thing I was talking about here is I do think This is what I'm I'll be doing is I'll be taking a little bit of profits around May but even though I'm doing that and people like oh Rob so negative About crypto. I'm not negative about crypto. I just been in this this is the game for a while I've been since 2017 some of you have been in longer than I have so I think you can agree with some of these things But there's one more thing I need to talk to you about this is again from then we talked about this last night these these hodl waves and all this is to put this quite simply is Take a look at the long-term holders and what they what in this graph They decipher as long-term holders is when they hold more than 180 days select the all the long-term hold a button Clearly shows how these waves rise sharply doing bear markets and capitulate during bull runs because this is what I consider smart money So right now this looks quite confusing, right? Let me just show you something long-term holders when you click on that you can see That as the price starts to peak these long-term holders People who hold more than 180 days they tend to drop off Quite quickly because what are they doing? They're like, this is overheated market. We need to get out here's in 2013 Right, so before it actually peaked a lot of these long-term holders that forget I'm out of here because I know what the next step is so all that talk about diamond hands You can diamond hands yourself. That's fine But you got to wait a long time and it's whatever you want to do I can't tell you what to do. Sometimes it's just easier just to say I'm just gonna be right here and hold I'm gonna buy every dip. You can do that But I will tell you that sometimes take profits and this is not financial advice This is what I've done in the past. I should have done but didn't It works out pretty well. So again long-term holders come here and then when it's when the price starts to drop off Look what happens Now they start to buy back again, and then they buy back and they're like, whoa, this is way overheated Here's April 2017. They started to sell and they started to sell off in May 2017 And then of course right when we get to the peak, that's when most of these long-term holders are gone same thing happened over here when we start to peak at the price of 57 69 63 whatever it was they just drop off the face of the planet the same things happening over here and now we're seeing Little bit of drop-off. So maybe maybe we'll see and then if we take a look at the short-term holders We can see the exact opposite happens And this is the problem because the mentality is price goes up by buy-up And then the problem is that people get stuck and that's why we take a look at those in and out of the money. I Think hopefully people are learning a little bit better But yeah as the price peaks you see these short-term holders less than 180 days.  It's our buying like crazy Let me sort of sell off as it goes down. Not too bad. Same thing happens over here. Let me start to sell off a little bit So again Long-term looks pretty bright short-term. I'm not for sure what is going to happen It just just something to consider again I can't tell you what to do and God knows I don't have a crystal ball But that's just the data that we see so again Take a look at a little bit of the past to see where you want to go and then I Put so that'd be my last point the plan again. Let me break this down So the plan I Put it all right here So around and just like we talked about For those monthly averages Where I see things Again, I don't see I mean if this is I mean if regulation comes in and it's positive great If the war on Ukraine drops off great if these supply chains Don't are improved greatly and China releases everybody and says okay Let's get back to work because of this coronavirus issue great Then I might change my position But right now as it stands and I have a lot of faith moving forward in the overall economy I have faith in crypto long-term, but the economy Which of course we see with the Nasdaq as it drops down also pulls us down So my plan is this around May like we talked about I'll probably taking some more profits and what I want to do with those profits is Is do some more real estate so people it said to me and I talk about this couple days ago doing the same thing I'm gonna take some profits and run mayor June depending What happens? They're like, well, why would you do that because you talked about how the market is ridiculous and crazy And they're right. I wouldn't buy a house right now. That's not smart but The thing is you have to plan now For six to 12 months in the future 18 months 24 months. You can't just be like, oh now it's crashing And it's crash now. I'm gonna sell that's not a good plan The plan is to kind of get ahead of it as best as best you can and again You could be I could be wrong and if I take these if I take this profits along the way and It shoots up. Well, then I take a little bit of a haircut You know five ten percent or more Hopefully not hopefully I catch it and get back in but if I'm right What we what we plan to do is take some profits here put some things aside We already have a house here another house in El Paso that we're renting out to a person in the military who is He's getting Sent sent back. He's from the he's the german air force guy nice guy So we're gonna turn that into instead of a long-term rental a short-term rental So we need to do a lot of renovation So we'll probably take some profits put that in the renovation put that into airbnb verbo And go from there Works out pretty well. You'd be surprised people do do a lot of traveling and they come right through El Paso You know what they call it El Paso? That's the pass It's just a stopover city sometimes between like the western united states and central texas So a lot of people need these places. So that's what we're gonna do and If you want to take a look at that playlist, it's all right here Then also I have to ask you guys something for a little input A lot of people ask me about the real estate thing that me and my wife do Would you like to see me do more that stuff on a separate channel about how we renovate how we pick the houses How the cash flow works how we set up airbnb and verbo for for passive income Or is this like not what you want to do? If not, just let me know in the comments I just won't do it. It's just more more work for me to do. So that's great but I did do a decent job here In uh explaining all those things that we use like the different tools like air DNA and stuff like that So check it out. So that is my my plan and I also put in this one Why i'm investing in this celebrity fighting crypto token and again, this is uh, this is a degenerate play This is on my second channel that I put on here and I think that five percent Of uh betting on some some long shots That's what i'll be doing not what you should do But I think this one's big And I talk about why uh in there And that's it. So lastly just to bring it home. I trust capital. Just so you know, it's the 16th of day, right?  So That's the whole theory behind a Roth IRA with crypto same thing So there's a link in the description and uh, I did a explainer video very simple to use Also, there's no more monthly fees. There's a 1% transaction fees if you want to trade within your account If you think that things are going to go down you can sell it for you can sell your Your bitcoin or ethereum or avalanche or whatever is in there and you can uh put it into cash Hold it into cash and put another crypto later on if you wanted to and then Yeah, no fees. So it works out pretty well. Also masterworks. This is another one of my plans It's about buying fractional ice shares of fine art and these are all registered secures with the sec That's one of the paintings I actually have And then lastly you got two days if you're in america you got two days to file your taxes Here's crypto trader that you take 20 off with the link. I've been using this for a while two years now Save my a uh many a times and that's what's going on. So look, I know that's a little bit longer Sorry, I didn't want to do that Let's go over uh your questions.  All right So Here we go I'm going all in on tomato coin. Not a bad plan Yeah, so mark you just see everybody knows like if I do Real estate it won't be this channel. No one wants to see real estate on a crypto channel. It'll be a separate channel Yeah, I'll call it uh real estate asset news Rian. No, that's that's not a good one Dad said, yeah, sure Uh, oh great to your designer. I need one of those You got to get to the boss though my wife. Yeah, I don't like to put those publicly. I'd like to and And rent your places. I mean I could but no So every channel is good. Okay. Yes. Yes. Yes. Yes Okay, I do that. Okay. Damn it kind of hoping everybody would say no. So I'm going to have to do it but hey Gotta get people what they want So this is a good question question number one Did you say no capital gains if you use a light network to buy stuff? So this is straight from The Miami conference when jack mallers came up and he talked about it and he gave it's like a 44 minute video Just type in jack mallers bitcoin conference and you know it'll come up You know in that 44 minutes and we played a part of it And he said there's no capital gains because what happens is When you buy something let's say me and you me and you law half 95 We buy something. So there's there's five people between us. Well, there's me and you right and then we've got Our bank your bank and then the rail the payment rail whatever that is visa master card over rails That's just a payment rail, right? So they take a cut the banks take a cut and everybody's happy so far So with this one what lighting network is doing is they're just the payment rail They're not using I mean isn't letting network to to move funds across But if I pay and like you say give me some euros sure I guess So I send you Well, I can I can pay you in dollars goes in a lightning network Goes across for next to nothing and then it arrives to you in euros And there's no capital gains because it's instantly transferred over And you're not using bitcoin from the one that you bought that is what was explained to me by jack mallers So I I want you to take a look at that now that is just on the merchant side of how those things work For a lightning network, I think it's a little bit different, but it could be wrong Question number two. Are you learning Spanish? Dan? Yes, I am. I have a tutor from prepley and I see this guy alias Twice a week and my Spanish is still awful. So But you got to learn it man. And if you want to now, you know at least by my next I should have talked about this in that Let me show you something in that playlist uh right down here For the Puerto Rico thing like You know, that's that that didn't help me a ton this this year because of you know, there's there's no capital gains tax in Puerto Rico But I will tell you This is gonna set me and my family up for a for a while Moving down the road So in the next major bull run that could be this year. It could be 2023-24. I have no idea. I don't know I don't really I I try not to dwell on it too much I know it's going to happen just in the win So that's going to set me up big time and that's the big plan and that's why you got to plan yourself out six months 12 months 18 months 36 months to really take advantage And that's what we did And uh, it's a slow game, but it's a game you can win. It just takes a lot of Uh thought and patience. That's what it comes down to Uh Question number four maybe is voyager digital stock doomed. Well, the stock is The stock is the stock the token is the token. So the stock itself. I think is is still pretty strong and Remember, this is probably a question that you have Based on what happened with Celsius We did a video about that actually just three days four days ago And you can watch what's going on, but in a nutshell Regulators came down and Celsius Celsius bowed the knee. I can't blame him because do you want to tussle with the sec I mean mark Cuban did he did win that battle But uh, do you want to do that and potentially lose out in hundreds of noise of dollars and legal fees and and penalties? Probably not and they want to work with them. So fine, whatever But what it means is if you're outside of the united states, you don't have to worry about anything Don't worry about it. If you're outside the united states It doesn't apply to you But if you're in the united states and you are a non-accredited investor, meaning you make less than 200 000 dollars per year Or less than five million in your corporation You're not an accredited investor. You're not accredited and you will not gain yield On your crypto that you have on Celsius Anything that's deposited after april 15th. So Like here if you had crypto on Celsius for years up to april 14th You will still gain yield On those Celsius on the Celsius platform for bitcoin or whatever else that you have on there, right? After the 15th, whatever you put in there, you're not going to gain yield I think it's going to hurt the hurt their business a little bit, but that's just america So the question then is well if it happened to block by and they could happen to nexo And if it happened to Celsius, what's going to happen with voyager and their yield program? My next question is what's going to happen with gemini in their yield program too? so That question is up to Legal and i don't know i've asked steve to come on the show I'm like hey, will legal let you come on my show and talk about it because they'll keep it posted nothing yet So which means to me they're still going through the process And um and we'll see but I will say that if you take a look at the filings for voyager Because voyager uses Celsius for yield products So just so you know it was like it was between three and six point four percent I forgot the exact numbers it wasn't that much and over 60 percent Was in bvi the british virgin islands and that has no no bearing on what the sec or the reach that the sec has so They can't reach out to that but the same thing could be said for binance Well, they have no legal authority for binance, but they can stop off binance and then that's why binance now is binance us because america's a bunch of jerks So yeah, so to answer your question is it's doomed. I don't think it's doomed I think it's uh, we're in a pending status and we'll see how it all plays out, but I would not be buying a ton of Voyager stock right now way too volatile There's a great question. Do you think everyone will have to be an accredited investor in crypto eventually? I think No, because Okay, here's how here's how here's how it works So like in the in the old heyday to get into it can just regular stocks back in the day before robin hood I know there was a day before that you had to be Pretty big baller had to be an accredited investor, right?  So I think what's Probably gonna happen Gary Gensler who watches the show. Hello, Gary You're doing a bad job Gary. You're doing an awful job at this He really need to step up and you need to get rid of this this accredited investor nonsense It's okay for everybody to go to the casino and blow their life savings on 18 black But don't do anything to gain you yield Put it a bank where you get 0.0025 percent that's safe and a thousand years. You'll really Really gain So I think what will happen is this? growing pains Regulation which I've talked about I compared to cake Regulations are gonna come they're gonna go too hard because they don't understand The ramifications once they figure out the ramifications just like what's happening in india or india is taxing all their citizens Which i'm sorry guys 30 percent Plus a 1 percent basis fee or something like that for every different trade they do even if they Lose or if they gain they can't even they can't even gift it And it's it's putting a massive hindrance on the trading activity of crypto and people like well, I can't make any money So i'm out And it's smart. I would do the same thing. So they're gonna figure out. Whoa. Whoa. Wait.  And canada parts. Maybe parts nice. I don't know As we get bitcoin miners, they're like we don't need to lose this tax revenue Let's open it up. They're gonna start there We're gonna have some really good people like tom emmer and lumis From mioming senator and they're gonna say you can't do that. This is where we need to be and of course we have it up An action a pack coming in an action committee for bitcoin And they're gonna say look Here's what you really want to do if you want to lose your seats and have different problems Just keep screwing around with crypto because people want that They're gonna be like, you know what? I'll probably go the other way. That's my theory. It could be wrong Robin guy reference. No, I I just I watched his channel. Oh speaking of which I'll be in London on May 56 and 7th for guys thing His conference that'll be fun. So the things that I talk about I'm gonna The big thing I'm gonna talk about over there is uh, we're gonna we're gonna talk crypto on stage and then we're all It's gonna talk about some of the things that I've seen in the tax minimization and things like that so Check that out Dougie Okay India's only dex is never got to go one more I want a question Last question run for president. No no Now I don't think so, but you know who'd be a great Who'd be who'd be a great candidate? Elon Musk and the rock I I I put that on twitter. I go man. Who would beat those two, you know crazy And then if we if we went the opposite ways, I thought if you're just gonna go politicians What about uh, mayor suarez in miami as the presidential candidate because he's already, you know, he's in a great state People seem to love him And then of course he could pick his running mate, which would be tom emmer From I want to say he's from minnesota and he's super pro bitcoin I thought that would be like the power couple and I would vote for that So that's it. So look guys at 37 minutes is a little long. Sorry about that But had to get some things done. That's it for today. So look like this video like it Subscribe would do these things every single day mostly news not this stuff and all the things we just talked about Links in the description, especially that playlist. So that's it. Thanks so much for stopping by do appreciate it I'll see you guys in the next one. Adios


Karma is coming for the narcissist. The narcissist targeted you. They love bombed you. They devalued you. They lied. They future-faked and then they discarded you. They used up everything that you had to offer until there was nothing left or they got bored. Or until you finally said no more. And then they left you for someone else. Someone who is meant to be a bigger better deal. Someone who has more to offer. Because you were never enough for them. But when the narcissist does this, they don't suspect that karma is coming for them. They're not anticipating it. So karma often catches them off guard. So they get the full blow. They get the full effects of their karma. The narcissist thought the grass was greener on the other side. They thought that other people were in a better situation. They weren't satisfied with you because they have these insatiable desires that can never be fulfilled. Nothing is ever enough for them. So they got rid of you with the assumption that there are better things in other places. But instead they ended up with someone who is foolish and incompetent. Someone who lacks good sense and judgment. Someone who is unwise and someone who lacks adequate ability. But this happens a lot. Narcissists always think the grass is greener on the other side. They always think that other people have it better. They take advantage of opportunities as and when they arise. Regardless of planning or principle. Regardless of preparation or arrangement. Because they lack moral rules and beliefs that would help them to know what is right and wrong. Which would have influenced their actions. Which is why they will go forward with it. Because they're looking to gain something materialistic. They're looking to gain money, cars and clothes. They're not looking to gain anything of a valuable substance. So they're not going to value or be committed to anything that they have with you.  They will lose their way. Like a homeless person or a stray cat or dog. But when they do that they run into people who know how to play the game. People who know how to create the illusion of having something better. Of having something more. Of being able to meet the narcissist's desires and needs. Nothing is perfect. Nothing goes without problems or difficulties. But when problems arise the narcissist begins to look elsewhere. They begin to look at other people's relationships. They begin to look at what other people are doing. And they're accepting people as they claim to be. They accept it and believe it without thinking about it. Rather than studying it more closely. So they don't realize that what we see from the outside is all a facade. It's all a deceptive outward appearance. It's a false display. It isn't real. They have the same issues that you're going through. They have the same arguments. It's not as pleasant as it looks. But the narcissist is always looking for the bigger better deal. They're always looking for their next shiny new toy. So they believe what they see and they react to it. They start to distance themselves. Because now they're looking for this new situation. Which in their minds is going to be a lot better than what they had with you. But there are a lot of corn artists out there. People who exaggerate and lie. People who speak nonsense. There are other narcissists. There are people who modify their game. To bait these types of people in. People who have just left a relationship. People who are deeply impressed and astonished. People who have their eyes wide open with interest curiosity and amazement. People who are looking for anything that could be better. The corn artist baits and hooks the narcissist by creating a facade. By selling a dream. And it gives the narcissist a sudden feeling of excitement and pleasure. But it's done in a skillful and dishonest way. It's a scam. But there's a reason why the narcissist gets so caught up in it. There were certain things that you wanted and decide from the narcissist. But they were very lazy. They neglected you. They made less effort than before. Because you were being realistic about things in life. You were showing a sensible and practical idea of what can be achieved and expected. You were showing a practical awareness of things that they are.  You weren't showing them a fantasy. So you became boring to the narcissist. But this new person that you know with has created a character that is fun and exciting. That gives them excitement and pleasure. Because they're selling a dream to the narcissist. And the narcissist falls for it. They've been completely tricked and deceived. But in their minds they think it's exactly what they needed. They think it's what they were looking for. So they might be very kind and generous to this new person. Because they don't realize they're being deceived. They might start doing more. They might do the things that you wanted them to do. They might do more than what they did with you. And this new person will be kicking game. They will be very charming. Because there's an exchange. They're getting something in return. This new person is creating the facade. They're creating the illusion. They're future faking. They're making all of these false promises for the future. Without taking the steps to make it a reality. And the narcissist is dealing with it with a lot of effort and energy. Because they think it's everything that they were looking for. They think their dreams have come true. So they're extra. They're doing the absolute most for no reason. They're showing off. They're thirsty for attention. Because they want to be chosen by this new person. But this new person isn't serious about anything. They're just engaging it for recreational use. They just see it as a form of amusement and enjoyment. It's just a form of entertainment. They're enjoying the reactions from the narcissist. And how the narcissist was willing to kick you to the curb. And throw you under the bus. And portray you as less impressive and important. And talk bad about you. It gave this new person excitement and pleasure. Because some people actually get excited and aroused by this type of stuff. They find it amusing. It makes them happy and satisfied. To have someone leave a person who was meant to be significant and important to them. And they were the cause of it. It's a typical thing that narcissists do. They enjoy it. It makes them feel like they're the best. Because they got the narcissist to leave you. And you may be married to the narcissist. Or you may have children with them. And now the narcissist is with this new person. And they're doing everything they can for them. But it's just something they do to feel better about themselves. It's something that seems good but it's not real or effective. It's done to take away attention from an embarrassing and unpleasant issue. It's intended to deceive and confuse you. But the problem is that they only pretended to have it all together. When in reality that excitement and pleasure doesn't last very long. And because they didn't have to work hard for it. They spend their money very quickly. And then they're back to square one. They're broke. And they end up being in worse condition than you were. And this is where karma gets them. Because now they're stuck. They said all of these things about you. They told their family and friends that they're done with you. Because there's all of these things wrong with you. But now they've discovered that the real issue is where the person they ran off to. And they may have married this new person. They may have had children with them. They may be living together. But it's all for nothing. Because once the scheme and deception has been revealed. It's all over. The new person is going to drop the narcissist. Because they were never invested for the long run. They weren't planning for the future. It was just fun. But the narcissist bought into the dream. They thought they could find a bigger, better deal than something that was already good. They bought into the illusion that they could get better. But that mentality ran them into something that broke them down. Something that brought them right back to reality. Because life doesn't work that way. But they've put themselves in such an embarrassing situation. They can't even come back to look at you. Especially if you know how badly they were treated. You will probably never see them the same way again. It's done. And then they're left with nothing. Because the new person didn't have anything to lose anyway. They just saw it as a game. The narcissists thought they were about to gain an advantage over you. They thought they had found something better than you. But instead they ended up being treated like a prostitute.  And oftentimes they were just used as someone else's punishment. Maybe the new person wanted to punch their ex or someone that they were dealing with. And at the same time they were used as your punishment. You were just another person on their carousel of pain. And the new person just bought their way into the narcissist's life.  They were just using the narcissist for a good time. And it's not a good feeling. They had a much better situation when they were with you. But they failed to notice and consider you. They took it for granted. They minimized your value. Just so they could chase a dream and end up with nothing. They end up worse off than when they left you. Thank you for watching. I hope this video resonated with you. Please like, comment, share and subscribe. If you would like to donate, my PayPal link is in the video description. Coach the inquiries. You can email me at coaching.naksafivert.uk. Thank you for watching and I'll talk to you soon.


Good morning folks Steve Rhodes coming to you live from the shores of sunny Delray Beach, Florida. This is your 11am update and currently we have a mixed bag. That mix goes like this. The Dow, the S&P are trading higher, 129 and 4 points respectively. So four tenths and basically one tenth. The Russell's up a little over 1% or 20 points out there. The Trendy's up 4 tenths or 56. You've got the Nasdaq 145 points. The Summizer down 7. That's 3 tenths and 2 tenths of a percent respectively. Gold is off 3 bucks right now. It's clawed back some of its losses. Silver's down 22 cents. That's 1% move to the downside. Light's recued up 40 cents. Natural gas up. A nickel or four pennies right now, 30-year treasury. Nearly down 2 points. Printed out a 126.13. Let's go take a look at what all that might mean by looking at that 9 panel. Market update chart. We begin the upper left-hand corner. The EES meaning not much to report here. Other than the consolidation that it is in, that consolidation between the bottom of its profile, 43.62 in the top at 44.74. Odds favor? Move to the top. Why? Because Spotify Latinx is still well below its 50-day exponential moving average. It's 50 days at 15.85. Spot picks right now. It's trading out at 13.77. The NQ is also consolidating with inside its profile levels. Now, here the profile really range from the consolidation, I should say, is ranging from about 14.840. That's the center of its bullish structured weekly profile that's attempting to complete or form this week. Looks like that it will. And then resistance right now for the NQ is up at the 15.265 level out there. That is the center of its bearish structured daily profile. So, a bullish structured weekly profile and a bearish structured daily profile, that sounds like a lot of jostling around to me. US dollar index is attempting to form an A to B equal CD to the upside. First price projection level would be 103.26. The second would be 103.61. Goldilocks has an A to B equal CD to the downside. Its price projection, 18.48. Although not shown on this chart, today will become bar number 8 of a TD9 count pattern that says that you could form a bottom between today and let's call it Wednesday. If we take a look at Silver, Silver also has an A to B equal CD pattern to the downside. 21.23 is its price projection. Price right now is consolidating with inside its profile, test and support this morning. That's at 22.55, resistance at 23.20. The lights we've crewed, larger consolidation pattern. It already tests the bottom, that says it wants to go test the top of the consolidation or at least get up to 77.81. The gas consolidated with inside its profile, the same thing with regard to the 30 year. Folks, stay tuned for the Trader Z show, but if you're up to start your Thursday, please have a terrific one. Thanks for joining us. We look forward to speaking with you again soon. Take care.


Everything that you need to know about Lance Stewart or Lance 210, let's get right into it. Born on June 20, 1996 in Philadelphia, Pennsylvania, Lance Stewart is Italian and Irish and was raised in Franklinville, New Jersey. First gained fame through the app, Vine earning over 5 million followers and over 3.7 billion loops to his Lance 210 Vine channel. His vlogging YouTube channel has earned over 2.2 million subscribers and his secondary prank YouTube channel Lance 210 has amassed over 700,000 subscribers. He is also popular on Facebook with a staggering 8.8 million people liking his page, also popular on Instagram with over 3.2 million followers and 368,000 followers on Twitter. This family consists of his grandma, his two parents and his sister. He is also in a relationship with Lizzie Wurst and they have been dating for over three years. While doing a video about real life Fruit Ninja, Lance cut his hand open. On August 31, 2016, Lance decided to reenact a popular game app Fruit Ninja. He almost cut his finger off and had to get stitches on his hand. He mentions in an interview that he cut his hand because his girlfriend Lizzie accidentally threw a fruit too high and he chipped his finger. He was introduced to Vine by his sister. Around March 2013, his sister encouraged him to post videos on the app and he did. His first video he ever shot was him filming some Jello and then a knife. He thinks his funniest prank is where he pranks his grandmother. Check it out. The funniest prank I think I've ever pulled is I was in the car with my grandma. We pulled up to a weight limit sign.  He is most proud of his prank at Ford series where he does generous acts when people think something bad is going to happen. Check this out. What's up guys my name's Lance and I'm Chris and today we're shooting a prank on Hollywood Boulevard for prank at Ford where basically it looks like we're going to be throwing water on people but in reality we're actually throwing stacks of money on people so let's do this. He's working on a TV show that displays both of his lifestyles. He lives in both Hollywood and New Jersey and the TV series will display how he lives in both places and his life behind the camera. He used to be a YouTube commentator. Around nine or ten years old he started posting YouTube videos about Pokemon and then later proceeding to uploading Call of Duty.  This map pack just came out for PS3 a couple days ago and just giving you guys some gameplay on it. It's pretty cool I got a 33 in 3 gameplay on here it's 11kd not bad so um yeah. He mentions that nothing he did took off until he joined Vine. Here are some random facts about Lance. His favorite color is blue. His favorite type of food is Italian. The first funny video he posted on Vine was with his grandma and she curses him out. He bought his dad a Coret Z06 for his 50th birthday. This ultimate goal with his career is to entertain as many people as he can. He looks up to Adam Sandler and he considers him a role model and one day hopes to follow in his footsteps. He has two cars one of them is his daily driver which he keeps out in Los Angeles which is a Camaro and in New Jersey he drives an Audi R8 V10. The fastest he went in his Audi R8 was 170 miles per hour on a public highway racing against his dad. One of his first very popular vines is called It's My Money and I Need It Now. Generated over 900,000 likes and 800,000 revines. A lot of money he receives gets reinvested into properties to assure income in the future. He mentions that the weirdest thing he has received in his PO box is sex toys. The best thing he has ever received was an ice cream machine and a custom Nerf gun. That concludes the video. Hopefully you guys enjoyed the video and if you did remember to like the video to let us know. Thank you to Steph who gave us a recommendation to make this video. Make sure you guys leave a comment letting us know what you'd like to see next and make sure you subscribe to keep up with the world's best videos.