This episode brought to you by Noble gold check out this free coin offer from my viewers man This year is whizzing by already isn't it you're a year closer to retirement But are your savings a year closer if you're not and you're worried you won't make it get in touch with noble gold about putting precious metals in Your IRA or 401k you won't get hassled They'll just lay out your options and this month They're gifting a free one-tenth ounce solid gold American Eagle coin with any qualifying plan You start to call<PHONE_NUMBER> or visit noblegoldenvestments.com That's noblegoldenvestments.com or you can use the link in the description or pin comment Make sure you tell him drone tech sent you welcome back I'm drone tech and today we're gonna talk about yet another story that the left-wing Democrat Party media do not want you to know about remember a month ago yesterday when an Antifa member showed up to a rally in Support of January 6 prisoners with bombs and who had the intention of killing or hurting people Simply for having views that he disagrees with it's pretty cut and dry The guy even had an Antifa action list on him along with a pipe bomb and other Explosives did you hear anything about it outside of alternative sources like this channel? And the media who did cover it wrote headlines and stories that leave the reader thinking a right-winger was behind the planned attack How can they talk about it for months? They were predicting a right-wing attack, but it ended up being one of their own It doesn't fit the narrative thus it gets memory hold remember a few weeks before that when a black leftist with an extensive social media Posting history showing his political beliefs and anti-white racism Decided to run his car over a Christmas parade now the media couldn't ignore that story It was just too big But what they did instead was simply play dumb and claimed that they had no idea what this guy's political motivations could possibly be And of course no terrorism charges if they did that then the next question would be who radicalized this terrorist And we all know the answer to that there are other left-wing attacks stretching back years that we could talk about But for the sake of brevity, I'm gonna leave it there for now That brings us to the trucker freedom protest going on in Canada right now where the media there and Justin Trudeau Have repeatedly lied about the protest and demonize them as racist and terrorists sounds familiar, right? I know you're wondering about what you saw in our capital city this weekend freedom of expression assembly and association our cornerstones of democracy But Nazi symbolism racist imagery and desecration of war memorials are not over the past few days Canadians were shocked and frankly Disgusted we are not intimidated This then led to what happened a few days ago a man driving his car into a group of freedom protesters Thankfully not killing any of them unfortunately though a familiar cover-up story is playing out with the media and the police calling this quote a Hit-and-run assault in about 9 10 p.m.. What if a police were advised of a motor vehicle collision near Broadway and Memorial Boulevard The initial information was that a westbound jeep patriot had driven through a group of protesters That were part of the freedom convoy at the legislative grounds as a result mail from heading Lee Manitoba faces charges of assault with a weapon times four dangerous operation of a conveyance caused bodily harm times two dangerous operation of a conveyance Failed to stop after accident knowing that reckless knowing that the driving was reckless times two Failed to stop at the scene of an accident times two again sounds familiar right So in case you haven't figured it out yet the terrorist behind this attack turns out to be an antifa chud Not only that but this guy is in several punk bands. I know I know it makes no sense A punk rocker who tries to kill people on behalf of the establishment according to now deleted but archive social media posts He's pretty obviously a leftist who describes himself as part of all the typical groups And hates the same people the media hates however conveniently The police had this to say about speaking with him after the arrest some comments made by the accused that suggests This was not specifically about the vaccine mandate and quote wasn't for or against any of the general views that are floating around this country So we're just supposed to believe that he randomly chose these people to run over It's pretty clear to me that these people are just doing what they do in this country They're trying to cover their own ass so they're not blamed for inciting it The exact same thing happened in Dallas after a blm activists ambushed and murdered five police Which happened at a blm rally where they were calling for violence against the police after this blm terrorist was taken down The police sergeant assured the media that he wasn't part of the blm movement despite being a black man at a blm rally How convenient and just like that the entire thing will be memory hold with the exact same media Continuing to insist that the real threat is their political opponents. All right, folks That's all I have for this one as always if you enjoyed it Please help the algorithm along and hit that like button You can also help by leaving a comment to let us all know what you think


25 burpees got it. If you think you can do it Bear hug, bear hug, bear hug, bear hug There you go, most, the whole, the whole line number is 10 Serious Alright, grab some of that Keep going, okay Go walking, come on 4.5 seconds up Just keep doing it 15, 14, 13, 12 There you go, good Let's do it again Hand over hand, hand over hand Let's start to get on that plate 15, 1, 2, 3, 4, 5 Alright, almost done Ready to begin 1, 2, 3, 4 How you last? Ready?


Now, check this out. What we're made to do, what were we made to do, and how did we evolve to be social, okay? So, like, think about that. Really, I mean, we didn't have this dense population.  At most, you talk superficially to the person next to you, and superficial conversations suck, right? They're shitty, they're not fulfilling in any way.  But how we actually evolved was with very few people, and actually what was so interesting about James' speech, which made me rethink a lot of stuff, but, man, we talked like once a day. We had a meaningful interaction. We didn't have to do 100 sets. We didn't have to do, like, some super crazy escalation model. I love all that stuff, okay? I've done it, and I may still do it again. I'm gonna unnaturally talk to all of you guys after this, but I have to realize what I was made to have, what was so fundamentally important and my fulfillment is dependent upon it, is that I have to bring it back to what I was made to do. And everybody is different. Yeah, everybody has a different, like, evolutionary path, but, hey, we're talking about some consistencies here. So we want to normalize being social. Guess what? You got social anxiety, and let me tell you, the people that I work with, so, I've been doing this job for almost 10 years now, about six years, been working with people who have, like, mad, mad addiction problems. Saturday, yesterday was a funeral for somebody that I knew.  And I worked with very directly on this. You know, he had passed away about a year ago. I see this happen all the time. But with those guys, guess what? When you have trauma, when you have, like, a really screwed up mentality, when you have had something which made you in shock and in fear and anxiety that on a completely different level, you know, on ways that might be hard to comprehend. In fact, I remember after a speech that I gave, I contacted a mutual friend of ours, and I said, man, these guys are talking about, like, how they, like, traveled and didn't know what to do and then found what to do and it was this big thing.   People aren't gonna understand that. But all those people, guess what they do? Guess what they do to learn to be social and learn what I would actually say, a higher functioning social skill set that is more consistent that I see of people that come out of the seduction industry, including myself in that, is they normalize being social. Guess what they do? They have one meaningful interaction today.  And that isn't a superficial exchange, that is an exchange of that real person back towards you. And if you get that, you become a little bit fulfilled. You still may want to do all these other things that culture may say, like, hey, I wanna get laid.  You know, when I watch so-and-so walk into the strip club, all the strippers leave from their dances and run to them, I want that. And that is still imprinted in my mind. But never achieve that one. Motherfucker. But anyway. So it's like I want that definition. But you know what? If I start having one meaningful interaction a day, and I do that for like, let's say six months a year, guess what? Man, I get to start to understand myself. I get to start to relax.  I don't have anyone at this point all around the world. I believe he was actually one of two or maybe even the only speaker in 2012 who spoke at all three events held in that year in London, Texas, and Australia. So please give you a warm welcome to Steve Mayeta, founder of the Sexual Life. Hey, thank you. Thanks, man. Man, what an honor to be brought on stage by Anthony Johnson. I mean, we all know he's done so much to shape and influence men. But look, I want to start this off with something a little bit different. And standing on this stage who gave a presentation is one of the best in the world. I mean, hands down, higher level of things when guys are more involved in it, 10 times. I mean, there's like 20 hours where we are interacting and talking. I started that, but man, all the ideas here come from those guys. I mean, it's amazing. It's basically what we do. I love teaching in that way. There's no hierarchy.  And I'm like, man, but I don't believe in that. I believe that we're all equals.  I'm never going to be Skyler Tanner or Socrates. I'm never going to be Nick. I'm never going to be James and James.  And we can't be other people. We just have to be who we are. And anyway, that's kind of what we teach, but we teach in this template of like, look, let's start out with some basics.


And so as we gather now, we're looking at Luke chapter 23. Let's begin reading together at verse 39. I'll read to verse 43. And what we're looking at is one last chance, beginning at verse 39. Luke writes, then one of the criminals who were hanged blasphemed him saying, if you are the Christ, save yourself and us. But the other answering rebuked him saying, do you not even fear God seeing you are under the same condemnation and we indeed justly? For we receive the due reward of our deeds, but this man has done nothing wrong. Then he said to Jesus, Lord, remember me when you come into your kingdom. Jesus said to him assuredly, I say to you today, you will be with me in paradise. Jesus has been condemned to death and the death that he was to suffer was the death of crucifixion. One of his trusted followers, Judas, had betrayed him. Judas had betrayed him into the hands of the Romans. And now as we are looking at this passage, we see that he had been sentenced to die by crucifixion. His ministry of healing and preaching and teaching had only lasted for three years, but during those three short years, he had ministered to many thousands of people and multitudes were following him and many had begun to trust in him as the Lord and their savior. Just the previous Sunday, people had lined the streets as he entered into the city of Jerusalem. There was excitement as he made his way in through his royal entrance into the city. Mark tells us in chapter 11 of his gospel verses eight through 10 that many spread their clothes on the road, others cut down leafy branches from the trees and spread them on the road. And those who went before and those who followed cried out saying, Hosanna, blessed is he who comes in the name of the Lord. Blessed is the kingdom of our Father David that comes in the name of the Lord. Blessed, blessed, blessed Hosanna, he said in the highest. But in the midst of all of this excitement stood a group of people that we know in scripture as the Pharisees. These were the religious leaders of Israel.  You see the Pharisees, while the word Pharisee means separated one and the Pharisees really believe that if Jesus was truly a holy and sanctified man that he would not have anything to do with these sinners that he seemed to pal around with quite often. Matthew tells us it happened as Jesus sat at the table in the house, at behold many tax collectors and sinners came and sat down with him and his disciples. And when the Pharisees saw it, they said to his disciples, why does your teacher eat with tax collectors and sinners? When Jesus heard that, he said to them, those who are well have no need of a physician, but those who are sick, go and learn what this means. I desire mercy and not sacrifice, for I did not come to call the righteous, but sinners to repentance. He had said in Luke 1910, the Son of Man has come to seek and to save that which was lost. So that was the ministry of the Lord Jesus Christ. He came to seek the lost. And it's interesting to note that Jesus saved his most scathing words to those who were religious leaders, he gave them names that wouldn't be popular to be used today concerning those who are religious leaders to him. And he said it well, they were hypocrites. He called them blind guides. He even called them fools and whitewashed tombs. He spoke of them as being serpents, even as a brood of vipers. Do you think that would go over well today? For somebody to stand up and refer to others in that way, even Christians today would take great offense that there was somebody who actually would refer to hypocrisy in such a form. But Jesus didn't put up with that. He had said concerning them in Matthew 23, verse five, all the works they do to be seen by a man.  He had said in chapter 15 of Matthew, verses seven and eight, hypocrites, well did Isaiah prophesy about you saying these people draw near to me with their mouth and honor me with their lips, but their heart is far from me. You see what had happened is they had developed a religious system that excluded the mercy of God. They had a religious system intended to create an ideal person, but eventually it had been something that would be achieved really by human effort. And it was very demanding, as a matter of fact, when you become a legalist, the more demanding the better. Because if the outer goal is achieved, you can get glory. But we know that Jesus came to teach us that rules and regulations do not change nature. Rules and regulations may modify the way that you live, your outward behavior, but Jesus taught that it wasn't enough to be changed on the outside. We know this. Jesus taught that you need to be changed from the inside. He used the word born again. You need to receive a new nature. And the way that you receive this new nature is not by doing the very best that you can to be the best that you are, but rather that you just recognize that you can't make it and you deposit faith in him. And when you do that, then the promise you find in the Old Testament, book of Ezekiel, chapter 36 verse 26, becomes real. Because there God said, I'll give you a new heart, put a new spirit within you. I will take the heart of stone out of your flesh and give you a heart of flesh. It's what Paul would say if any man is in Christ, he's a new creation, old things are passed away. And behold, all things are become new. So Jesus Christ had come and as he had come and taught and worked, he had made various statements and various claims, but the most outrageous claim at least to the Pharisees was that he said that he was the only way to get to God and he was the only way to enter into heaven.  No man comes to the Father, but by me. When Jesus made that statement, the religious leaders just could not get over it. That was beyond anything that they could receive. But that's what he taught. When Jesus was speaking on one occasion, it's recorded in Matthew chapter 11 verses 28 through 30. Jesus gave an invitation, there he had said, come unto me, all you who labor and are heavy laden, I will give you rest. Take my yoke upon you, learn from me, for I am gentle and lowly in heart and you will find a rest for your souls. For my yoke is easy, my burden is light. So Jesus gave an invitation for the people to get away from the yoke of the law and come to him and receive rest through his grace and the business of their lives and the frustrating activity that they called life. Jesus actually promised something they did not have. He promised them rest and that's something that we can understand today in this anxiety, stress-filled world that we live in. In the book of Ecclesiastes, the writer says, what does a man get for all the toil and anxious striving with which he labors under the sun? All his days his work is pain and grief. Even at night his mind does not rest. This too is meaningless. So Jesus gave an invitation. He gave the invitation for man to come to him, receive forgiveness of sins and to enter into rest. And that was an invitation that was open then, it's open today. It's open to anybody who is willing to come to him. Acts 10 tells us in verse 43 to him, give all the prophets witness that through his name, whoever believes in him shall receive remission of sins. So Jesus gave an invitation, an invitation that the Pharisees rejected. An invitation that simply said, if you labor and if you're heavy laden, I'm giving you an invitation for rest. If you labor, which speaks of being utterly exhausted from work, if you're heavy laden, if you're carrying a great weight, he says, come to me. All you who are heavy burdened, come to me. Especially this would apply to those who are heavily burdened by their sin. His invitation is to come and rest. Rest from your labor, rest from your long journey. When you come to Christ, you'll be revived and you'll receive a settled peace in him.  I'll set you free from the burdens of your life. Well that angered the religious authorities. They continually rejected him and they rejected his message. And they especially desired his death because he made a statement to them that they just could not receive. He had actually said that he was the son of God. And when they had brought this accusation to make sure that he was put to death, they had clearly said to Pilate, according to John 19, verse seven, according to our law, he ought to die because he made himself the son of God. So the charge they brought was religious, but it wasn't sufficient for him to receive capital punishment. Ultimately what they did is they charged him with sedition in order that Rome could put him to death as an opponent to the system of Rome. Now as this is taking place, notice in verse 32, that the scripture says there were also two others. Criminals led with him to be put to death.  He died as scripture says between two criminals. Mark tells us they crucified two robbers with him. One on his right and one on his left. They were robbers. The word robber there speaks of one who was violent, capable of murder. So they placed the Lord Jesus Christ between two thieves. And as they did so, they were simply saying Jesus is a criminal amongst criminals. Now according to verse 33, they came to a place called Calvary. And there the scripture says they crucified him. Now crucifixion was a Roman method of capital punishment. The Jews when they enacted capital punishment normally enacted death by stoning. But the Romans had taken an ancient method of torture and had actually refined it. Long in the history, long past in history, there were a group of people called the Assyrians. The Assyrians were known for their violence. They were known for the evil way they treated prisoners. And one of the things that Assyrians would do is they would take prisoners to a sharpened post. So picture if you will a pencil that has been sharpened and picture that pencil being placed into the ground so that is pointing towards the sky with a very sharp point. And two very strong soldiers would pick up the one who was about to be executed and they would plunge this person impaling them on this post and leave them until through the pull of gravity, the point of that post would ultimately pierce through their abdomen and enter into their heart.  Romans had taken that kind of methodology and actually refined it because people who were crucified according to the Roman methodology could actually remain on that torture device on that cross for several days. What they would do is they would impale the wrist with spikes. The legs of the prisoner would be twisted beneath them into the form of an S. Then they would nail their ankles into the post. They would be placed on a sharpened iron saddle peg. The cross was made up of two pieces of rough wood, the post and cross beam. So the crucified person was either nailed to the cross beam while on the ground or raised by cords to the cross beam nailed to it through the wrist. The cross itself was usually twice the height of men. And they would place them there. And as they did so, their shoulders would be dislocated. They began to endure dehydration. There would be a congestion of blood in their head, lungs and heart. And depending on how strong that victim was, they could remain on that cross sometimes for several days. You have to picture the Lord Jesus Christ who had already gone through scourging. His head had already been pierced with a crown of thorns. His back had already been lacerated by the beating that he received through his scourging. He had already suffered through blood loss. He was already going through shock and he already was suffering with dehydration. And as he's placed on this cross, what he would do is he would lift himself up. And the pain that he would endure, you see the spikes were placed through bones in the wrist. He didn't break the bones, they could actually pierce through the bones. And he would lift himself up in order to draw air. And as he drew air to breathe, the pain that he'd go through doing that would have been amazing. Then he would release himself while that sharp saddle peg would dig into the laceration of his back every time he raised himself up, every time he took a breath, that saddle peg in the back of Jesus would dig a new furrow into him. And ultimately, that's how you would die. You would suffocate. Your lungs would be pressed by your rib cage where you could no longer take another breath. You would settle into it and through the shock, blood loss, dehydration and all combined, your strength is now gone.  You finally settle into that.  In the midst of all of this, we need to remember that Jesus died voluntarily. It wasn't the nails that kept Jesus on the cross. It was his love for us. God so loved the world. God demonstrated his love toward us and that while we were yet sinners, Christ died for us. Isaiah, the prophet in the book of Isaiah chapter 53 verse 12 says, it pleased the Lord to bruise him. He has put him to grief. When you make his soul an offering for sin, he shall see his seed. He shall prolong his days and the pleasure of the Lord shall prosper in his hand. Well, the crucifixion occurred at nine in the morning according to Mark 1525, but by now Jesus is in mind-numbing, excruciating pain. He could have done what others did during that time. They would curse, they would beg, they would shriek. If they could, they would even spit at those who tormented them, but instead of lashing out, the Bible tells us that he prayed in verse 34. He said, Father, forgive them, for they do not know what they do. That revealed the mercy of Christ towards sinners. That reveals his desire for them to be saved. Like it says in Ezekiel 3311, as I live, says the Lord God. I have no pleasure in the death of the wicked, but that the wicked turn from his way and live. God's desire is for us to come to faith in Christ. His desire is for us to be saved.  So that we might have life with him, that our sins that put him on the cross might be washed by the blood that was poured out while on that cross. Well, the people are watching all of this. There are soldiers gambling for his clothing. They're beginning to cry out to him, save yourself, looking out for themselves. But as all of this is taking place, as we noted when we read verses 39 through 43, there were two men who were also crucified next to him. Two thieves. Now in verse 39, it says one of the criminals who were hanged blasphemed him saying, if you are the Christ, save yourself and us. And so you can picture Jesus there in the midst of these two and one of them is turning to him and is yelling at him, even as Jesus is there dying in the center, dying for him.  If you're the Christ, save yourself and save us. And as he speaks, he's simply saying this, I have no fear of God. I have no sorrow.  I have no sense that I deserve this punishment. I am a sin hardened man and I just want to live. I just want to get off of this cross.  If you really were who you say you are, then do what I want so that I can continue in the life that I want to live. And that's how a lot of people are, by the way, a little bit of religion, a little bit of quote unquote faith, a little bit of questioning God. And they immediately think that if they have a little bit of that, perhaps they can continue in the life that they're already living and not have to suffer the consequences of a life that was not well lived. But as that's taken place, and you can imagine that in your mind's eye for just a moment as he's there and he's straining and he's straining and looking at the Lord and he's speaking in this way to him, there's somebody else who's there. There's another thief that is there and he speaks, the other answers rebuked him saying, do you not even fear God seeing you are under the same condemnation? And we indeed justly, we received the due reward for our deeds. This man has done nothing wrong. The other man spoke in a different way. The other man spoke in awareness of what he was. His conscience had been provoked and he actually turns and rebukes the thief. Wake up, he's saying, you're about to enter into eternity and you're not even concerned. Now this man obviously believed that the soul lives on after death and he was concerned about that. Ecclesiastes 321 says, who knows the spirit of the sons of men which goes upward, the spirit of the animal which goes down to the earth. In Ecclesiastes 12, 7, it says, the dust will return to the earth as it was and the spirit will return to God who gave it. So while one is rejecting, the other one's being touched because it's just never too late. The plan of salvation begins when he falls right in front of us. He recognizes his own sin. How do we know that? Well, he asks the question, do you not fear God? The Bible says the fear of God is the beginning of knowledge. The second thing we see in him is he recognized the innocence of Jesus Christ. He said, we are dying justly but this man has done no wrong.  He's guilty of sin. Then he recognized Jesus as a king and he prayed even what we might call a sinner's prayer when he said remember me when you enter into your kingdom. In other words, forgive me. Grant me mercy. That's how you get saved. It's when you stop arguing with God. It's when you stop making excuses to God and it's when you finally say to God, be merciful to me. I am a sinner.  I'm the one who put you on the cross. You died for me, not for your own sins. You died for the sin of the world. You're the Lamb of God. It takes away the sin of the world. You did nothing wrong. See, that's the heart of Christianity. We have a God of love, a God who teaches us to love others. We were in Israel just recently. We just returned and we were on an area in Jerusalem that is called the Temple Mount and we had our group up there and we're having a place of Bible study and all it's interesting because the Temple Mount there in the city of Jerusalem, well that Temple Mount has been handed over to in terms of the right to perform religious services and all. It's been basically through Israel been handed to the Muslim population so the Muslim population goes up there and they have the Dome of the Rock and they have, to them it's a holy sign. And so we went up and we can't bring Bibles up there. They don't allow us to bring our Bibles. They don't want us to be showing any affection to one another of any sort. A husband and a wife cannot hold hands. You can't climb on any of the rocks if you wanted to take a picture. They won't allow you to step on any of the fences or to be elevated in any way. You have to just walk through and all and it's a very controlled environment and as we were there we saw these young Muslim children who were there and they were being led by their teachers and I'm talking about kids six years old, seven years old, five years old, eight years old, small children. And they had them all walking in a single file line as they were walking towards a particular area and as these small babies. And I'm talking about five year olds and six years old and you know how beautiful they are at that age. Something happens when they're 13 but that's another sermon. But as they were walking towards us, they were looking at us and they marched past us at the provocation of their teacher. And with anger, I got a picture or two of this with angry faces and you have to picture this. Beautiful little baby.  God is great and Muhammad is his prophet. And they were screaming at him and one of the ladies would say something and then they would chant behind her. They would say something, they would shout and every one of those children were facing these, in their mind, these American Christian infidels and they were screaming at the top of their lungs. God is great and Muhammad is his prophet. And our people who are so used to seeing sweet children who here in the church who are being taught and love Jesus, many of them just were like shocked. And so we're up in that temple mount and we go to an area that's called the Doma, the tablet or the Doma, the spirit. And when you go up in this particular area off to your south is the Doma, the rock. Just north of that would be what is called the Doma, the spirit. We have a Bible study. They don't allow us to open up our Bibles because they believe that the Bible is an inferior book and that Jews are Satan and Christians are the great Satan and they don't want our Bibles to be read there on this particular site that they consider so holy but I normally bring it out anyway. I didn't this time but from memory I just shared with them. Listen, when you're standing here and you're looking to the east, you see what is called the Eastern Gate. It lines up here with the Doma, the tablet, the Doma, the spirit. When you read Revelation chapter 11 verses one and two, it speaks concerning the fact that the antichrist is going to sign a covenant and in that covenant it speaks concerning marking off a portion and dedicating that to the Gentiles. And there are those, Pastor Chuck was one and archeologist by the name of Asher Kaufman who have pointed out that the Doma, the spirit of the Doma, the tablets is actually on a higher elevation than the rest of the earth which means that this area that we're standing on is more than likely the site of the original Holy of Holies. And when you stand looking towards the gate there you can't see it now but if you were to walk up to it and look down you would see that that's where the Eastern Gate is. So the Eastern Gate is actually lining up with the Doma, the spirit. So what's going to happen? What's going to happen is the Doma of the Rock is more than likely going to be ceded to Islam so that Islam can continue what they're doing through the treaty that will be established by antichrist and Israel will once again be able to build the temple here. Why? Because Jesus says in the last days when you see the abomination of desolation spoken of by Daniel standing in the temple, I say unto you, I said, so when you read your New Testament the temple has to be rebuilt. How's that going to happen? When you see these children so angry and so filled with hate for what they believe is a false religion how is it going to happen? Through that one whom the world will say who can make war with the beast? Who is like him? He will set up that. So all of these angry kids and all of that I said what you're looking at is moving towards prophecy and my wife pointed out right she said as I'm watching these children it reminds me of the films that I have seen on Hitler Youth. The Hitler Youth. That would scream and they would make their sign of loyalty to Hitler by raising their hands in the way that the Nazis used to salute.  And so we can get here in these last days saying what are we going to do? Victory has been won. Victory has been won. You can be like that one thief who says get me out of here I don't really need you I just want to stay alive or you can be like the other thief who says I have sinned I am wrong I confess remember me when you enter into your kingdom. And so we celebrate Good Friday because our God is good and what our God has done is he has given us his son and we by his grace can be saved through faith not by our works but by his goodness and mercy to us. That's why somebody asked me why do you call it good Friday it's good because God did something about my sin on that Friday he sent his son Jesus to die on the cross he died on a Friday but he rose on Sunday and I can live because of him. That's how it works. And so we have an opportunity even today as we commemorate the reality of what Jesus did to identify which one am I? Am I the thief who said I want to stay the same? Or am I like that thief who said remember me? It's up to us. I chose many years ago to identify with the one who said Lord remember me when you enter your kingdom and Jesus said today you shall be with me in paradise. I'll save you one last chance.


Welcome to the breakfast in Plasti via Africa. It's time for the press and as always we have a Zika and I took on beautiful first day Joining us this morning. He's a public affairs analyst. Is it can I took is a delight to have you this morning? Well, and I'm hoping that we're able to ratify and sort out the audio and Say it's a pleasure to be with you and thanks for having me Missing it took you back at a favorite spot. I always love to see you with a beautiful picture behind you Wow, that's not only We have to we have to get some tips from you off mercy and myself All right, so let's head straight to it we'll be looking at a daily trust newspaper this morning and Usually our focus will be on the top stories. I set up with the banner caption Boldly written on the daily trust Buhari and nurses Abdul ahi Abdamu as APC chairman Convention to ratify nomination. You also have another writer saying aspirin kicks. I Share Buhari at National Assembly six special seat for women Interesting and you also have the aggregate intervention federal government to buy Two billion narrow cattle for tarpa and that's also another you know issue that was making the rounds Yes, they on different Spaces you also have I was led by spirit pastor held for rape says Okay, and just before move away court orders for feature of 10 property and funds linked to Yari we lost 54 billion error to flight cancellation and Bed strikes that according to airlines and 80% of military personnel performing police duties in 36 states This is according to the CDS. These are some of the headlines But just before we move away the south impeach senator Swan in a Zamfara deputy governor You know the story of the impeachment of the deputy governor and swearing in the senator as a deputy governor That's also is another conversation that's making the rounds in different parts of Spaces in Nigeria, but that's it this morning on the daily trust Let's go over to the leadership with these headlines the lead one there a kicker as APC PDP consider Southern ticket the headline says hope of Igbo presidency Dems over killings in Southeast following writers regional leaders blame for worsening situation It's not enough to deny as presidency or her knees a protests Attacks unacceptable northern groups or group fumes a tasks ahead of 2023 elections challenging I nick all the headlines on the front page of the leadership this morning senator go saw replaces Go saw as a Zamfara deputy governor quite interesting APC chairmanship PNB governors zero in on Abdelahi Adamu Adulterated fuel our product conforms with Nigeria's specification dick oil Orlando Funny Kairi's medical report is fake hospital tells court I should have a makes case for women at nas she was there on the day when the Constitution review process was set in motion particularly with interest on a particular amendment for gender Advancement and equality these are headlines on the front page of leadership Let's move away from the leadership newspaper and take a look at the punch on the front page of the punch Newspaper outweigh as national assembly considers live pension for presiding offices No, it sounds or feels like a deja vu to me But it feels like we have been here before with this particularly issue and it got a lot of Nigerians talking talking about the Constitution amendment underneath you have several riders. It's wasteful self-centered rejected civil society organization tells lawmakers its financial burden And you also have committee recommends pension for Senate president speaker and deputies That's the board our header for the punch newspaper this morning You also have current system suffocating Nigerians Bishop cocker is quoted on that one Another header this morning on the punch says 1.04 billion dollars spent on fuel import in 2021 says the central bank of Nigeria that's the CBN and just before we move away Strike continues as we insist in giga pleads with Union. I wonder what will happen, you know with the back-and-forth Though ask you and the federal government feels scarcity persists as NMPC releases 387.6 million liters of petrol reps deep in probe one dough Duke oil insists government approved dirty fuel That's a lot and fire destroyer finds ministry in vet a room. There's a picture today effect Yesterday that unfortunate sad incident actually happened. Buhari signs electoral bill Friday and CSO suspend protests federal government school feeding costs 100 Naira per child this came to gop 1 billion hour daily I could see the smile beaming on coffee sways, you know very partially not entirely and Just before we move away. You'll have this one saying quad others interim for feature of Yaris United States properties and orders and That's it on the nation. I beg your pardon the punch newspaper this morning Let's quickly switch to the nation this morning with the Big headline there lawmakers to vote on VAT par devolution others Constitution review enters crucial stage speaker to reps you must participate Court orders for feature of 10 properties linked to Yari IMF calls for banks Recapitalization battle for APC top posts shifts to zones Zanfora get new gets new deputy governor after good source sack More on the front page of the nation the airlines lost 60 million dollars to bird strikes in one year Reggaishola's man asks court to void. Oh, yeah, Tola's victory and Finally a valence Mars ocean PDP ward delegates poll and then the L. E. A. Destroys 255 hectares of hemp farms in on though There's a the headlines on the front page of the nation All right, let's have a Zika. Yeah, I took joined the conversation Good morning. Once again is Zika. Yeah, I took is good to have you join us this beautiful morning And thanks again for having me very good morning to you. Okay, so we're set off the conversation with the punch newspaper this morning Talking about the constitution amendment the outrageous national assembly considers life pension for presiding offices And to me it feels like, you know, we've been here before I have seen this before Maybe it has actually happened as a conversation, but probably sounds like a deja vu. What are your thoughts on this? I Think that there's a disconnect between Nigerians In more ways than one I wanted to say Nigerians and the national assembly of politicians, but they are also Nigerians So different divides of Nigeria Now during election time When is when you should vote in people that would take these decisions you jettison the fundamentals which has to do with the recruitment criteria you go for money. These people mortgage their souls their conscience their properties to meet your greed as Nigerians because you insist they must pay you you want to sell your vote Then when this will get into office, you suddenly forget that you had sucked them dry You want them to start to serve you You forget the very Ignorable role that you played and then you put this pressure on the people in the national assembly to do the right thing The right thing is for them to recoup their investments. This might sound very very uncharitable But I want you to really sit down and think If you want people to serve you it is just Consensical that you should look for the people that will serve you. Why should a man pay you to serve you? It doesn't make sense If the man pays you it becomes a transaction It's just like a tenant comes to your house if you want to keep your house Keep it but the moment you want to let out your house You are going to let out your right to use that house for the period you have let your house to that person It's just as simple as that and it is instructive for me to say that now because we are about to start a new cycle Now these people are about to leave and they're not thinking about you because they never thought about you from the beginning They were thinking about themselves just like you were thinking of yourself from the beginning But this is a time for us to say National Assembly whatever you do. We are going to undo Because it's a guy I took Section 84 subsection 5 of the Constitution of the Federal Republic is amended Guarantees life pension for former president and vice president and the cost gulps about 8.8 billion annually So I'll tell you It just gives room for I mean this kind of conversation to go if this is going to happen for the president and the vice president Why can we have you know the speakers and lawmakers? I mean these are the persons follow suit Look, let's let's not follow those conversations that they want us to go section chapter 2 section 14 subsection 2b of the Constitution of the Federal Republic says that The security and welfare of let me use my word the most vulnerable Because he says the people but when you say the people it does not give you the spirit because the people the Generality of the people are the poor people. They are the most vulnerable So if I rephrase it, I'll say the security and welfare of the most vulnerable is the primary Duty or essence of government Shall be in fact, they use the word shall be the primary purpose of government That is the most important statement on the essence of government what you go in there to do Now I believe that any Nigerian past aid of state should not live in penury. I believe that I also believe that Their welfare is not a primary responsibility But to be fair to them any head of state that is seen to be living below The National Assembly in that of the nation or the State House of Assembly can intervene Based on need for you to tell me that in legal state That a man like Mr. Chinobu because he was a former governor should be given four cars every year Given or every cycle as the quarantine fit giving a house in it just doesn't make sense It doesn't or you come to a quite but we say a man like my brother Should be given a house when there is no water in it's no Bolo in the villages for the people to drink It is it we are going to have somewhere along the line a set of people Who understand what government is all about and they are going to repeal all these laws? And rather institute welfare laws that will ensure that the people of Nigeria The most vulnerable the physically challenge the women the children the workers the elderly the youths the students That these people become the primary purpose of government So whatever they are doing now is self-serving and I want to tell you I want to put it on record That those things will be reversed whatever they do. We are starting to tell Nigerians The eyes are starting to open as to what government is and what governance is all about and That they've been taking for a ride for too long And I want to tell you that these people are starting to see reason for them to consider 2023 from completely different perspectives and paradigms all right, let's move on to the the the clamor for a President from the southeast, you know part of Nigeria The leadership has a headline as a PC PDP consider southern ticket hope of Igbo presidency deems over killings in the southeast Do do you foresee a situation where the entire situation from the IPO be agitations to? You know secessionist calls and the violence in the southeast and will make it difficult For the rest of Nigeria to be confident that I'm they can hand Nigerian to the hands of an Igbo man or woman Let me let me say two things The very first is that I am not one of the fans of zoning. I'm not We are in a period of National emergency and what we need as are today is to suspend the protocols and attack through a national emergency rescue team where Excellence comes before any other consideration. That is my first take on that The second take is that We need to understand how narratives are driven. I've said this before and I say it again the Presidency generally is being considered as what you come to the south and the southwest is Just amazing in driving narratives the Igbo's My in-laws are good at trading, but they need to also put on a game in politics All these things are narratives that they want to like, you know exclude and zone Please when we elected president Buhari, what was the situation in the northeast? What was the situation and number two who can tell me that? Can show me one Igbo elder that has endorsed the activities of I pop number three Who does not understand the wind in the sale of I pop as much as I Don't subscribe to the activities But they will tell you that we are being excluded. We are being marginalized. We want our country That narrative could not have been given in the north east or north west not west in particular Not east and not west it couldn't have been given You can tell me why what the bandits are doing and what what the terrorists are doing and why they are doing it But I can tell you what I pop is doing. I may not agree with the medallion methodology But I agree that it is insensitive inhuman for people to feel excluded from the system Yeah, yeah, sorry to interrupt you there, but some are also pushing the narrative or the the the presumption that um, if if and Southeast now let me use that that term as you Mr. Mantel of presidency that he would divide Nigeria You just have out come out Please that is absolute disingenuous and ball the dash At the highest possible level. It doesn't make sense. It's it's it's it's it's um, I don't want to use the word week It's it's it's um, it's a thinking that's infant time You are telling me that Mr. Kingsley Moalu That we've known over the years Becomes president then he divides the country How do presidents take decision? Are you aware that when president Jonathan? Was the president of the federal Republic of Nigeria? There were so many decisions concerning the south side and he could not take Look, let me go tell you this which is sad enough The southerners are not as brazen. You see what president Buhari is doing now hardly can any southerner Do those things? Hardly can any southerner do those things Why why each time he leaves the country and lives You know in the hands of professor Oshiba and job You see him like wanting to impress wanting to impress mr. President No, get your time. He's never wanted to impress you once and anybody who comes in as as the president Must feel this sense of debt to the nation to work to impress But our brother our guy obon Buhari cannot send Whether this is happening that is not happening the guy and you meet somebody that is afraid My mother used to say that the child that has nothing to fear never amounts to anything The National Assembly is not putting pressure on him The people when we talk we don't even know whether even sees it because where he is He's so secluded that he can things can actually happen and they give me a different spin or narrative Oh, it's no mine all these people the other people and then it is when he leaves office that if he was actually a man of Conscience because I really don't know where to place him if he's actually a man of conscience It is when he leaves office that he will start to see the realities. Let me end on this note. There was the man Dr. Joseph wires now while he was in New York There was a cool and he says that what hurt him the most was not that there was a cool But that Nigerian jumped on the street to rejoice He couldn't reconcile that with the impression they had in the office that Nigerians were so much behind them He said you mean we were this unpopular and I didn't know he said it And that is what every leader has to be careful to be able to find a way of you know Side-tracking his system to find out what is going in Nigeria. Okay, that's justifies former Senate president believe. Yes All right, let's take a look at the the Daily Trust newspaper and this one has been generating serious issues some persons have described this act as nepotistic and He talks about the aggregate intervention where the federal government buys two billion narrow cattle for Tarabah I Will pass no no we can't pass I mean this is a this this is a serious issue of national unity Let me just bring you up to speed with some of the conversation that's going on and some people say you have some persons in Abad the spare part business and different, you know parts of the market the Allah by international market the area market and persons who are into different kind of businesses Why is it that it feels like you know this particular gesture or this particular? Intervention is geared towards a select sector peasants and let's not also forget that you know with the president when the president came through There's a speech that the president is popular associated with I belong to nobody and I belong to everybody and now You know the president has constantly been accused of being a very nepotistic has been very Tribalistic if that's the word or very ethnic and this particular one also has generated that conversation So we'd like to show your thoughts on this and not let you pass. You see I I always wonder why My old girl Femi Fallona is always laughing even on very serious matters And I just caught myself that you were saying that and I was laughing and an average Nigerian Who just wonder does this man understand what is going on? You see I may be that you start by apologizing for laughing, but you see When you expect a dog to meow or a cat to back The problem is not with the cat or with the dog. The problem is with you. I Think as a today it has been established beyond all reasonable doubt Who mr. President is what his priorities are? So our prayer is that he will not take more serious action before he leaves office And that God will give him the strength the energy to just like just finish this 2022 so that at 2023 because you see you need to understand how Government works and the essence of government and governors. I believe that he had very good advisors We're in that speech. They made that famous line I belong to all and I belong to none is the most Petrotic statement a leader could make and if that speech came from him Then you would be able to be guided. I don't believe in hundred percent. No, I believe that policies again Of interest and the players have to give the latitude to enjoy their game But if you give them 10 percent latitude 15 percent latitude that is enough at least late 80 to 85 percent be based on national and proper considerations But mr. President is turning everything on its head and it's like Giving 80 percent to his clan and then the other 20 percent he wants to even share with it You understand me that's my personal opinion. It's not the opinion of a plus TV is Strictly my personal opinion. So, please don't need to put in a disclaimer after now. I've taken responsibility And like I call it is my opinion. It's not a fact or anything my opinion So to that extent that decision really does not even surprise me Okay, but a leader will come That will know that there was a time that they were the two countries that we loathe We call them abominable. We call them Taiwan People may be too young to remember those things anything that was originally. So I love abominable Taiwan now fast forward to 2023 Where is about? That way the technology hub of the West African region That had the ingenuity to bring out things that you could compare with Foreign product only that the thinners was not there now the people of Taiwan saw the skill They saw the ingenuity they bumped in and then excavated it or have vested it and it became a national treasure and You know what brought the nation so much wealth and everything But the people of Nigeria left the leadership of Foresight or the leader with foresight to look at this and say this thing that is happening in our back Is something that we can use to rule the West African sub-region if not Africa generally and then Intervene in it and then go to some product in the north that you can use as a global product and invest in it Instead what we do is a cheap black Corruption of fuel subsidy fuel subsidy and we have not sat down to interrogate this But a day will come and I pray that day comes in 2023 when we elect leadership that is responsible That is responsible that is focused that understands what fit for purpose is that understands the essence of this office and goes there to discharge The responsibility and overnight Nigeria will become a preferred destination. I believe Nigerians will wake up to this fire reality All right Let's quickly take one from the front page of the native the punch newspaper the fuel Schesity is still persisting in parts of the country and fuel gate is still on the National Assembly in particular the house of reps is awaited into it and the the punch is perhaps this headline fuel Schesity persists as NNPC Releases 387.6 million liters last time I had they were releasing 1 billion liters I don't know what happened to that but it says with the writer there reps deep and probe or undo Duke oil insist Government approved dirty fuel So it's been a back-and-forth back-and-forth rather between these oil traders or marketers as they may be called and The NNPC and in a time when we're told that the NNPC was a sole importer of the The commodity it seems to be more confusing. Let's say I took your quick. Take on this. I Come back to the fundamentals. Maybe because of an architect. I am I'm so much on foundations. You can have your cake and eat it These guys are all in on this game. They're gaming us They know their hands are not clean. You want to go to probe probe what if they start the re probe week You go off my make they start a real probe.  They know what is going on Is it the biggest problem that we have is that? Legitimacy is the best the most valued treasured currency of any government You know, there's what a young a man told me he said his father told him may the man who is always trusted never lie against you and That statement is so deep We have a government that we never trust we never trust and every day they give us reason why we should never trust them because if The government said the before this amount at this time The first thing I'll do is okay in that case Let me postpone my journey to acquire boom and stay back I can go next week. Maybe tell them to shift this and that there's no need to rush to buy fuel There will be no panic buying. There will be no pressure on the product. Everything will sell smoothly But when government says we will bring this amount of fuel next week So the cues with it the first thing is like ha ha ha add four weeks to that or tell that to the Marines Oh boy, go and get what you can. Oh, it means that they are even say they are afraid that things are going to get worse So they are trying to lie against us So as a result even their statement when they say stop is when Nigeria start to run because they say before they tell you to stop There's something they want to get before you reach there. So run. Let's see what it is And it is a sad commentary The day that we start to believe our government We will be the people that are protecting the system Will be the people that are guiding the system But our government believe that we as citizens have really no role to play just sit down let them do their thing We have taken care of you for four years. So just keep quiet and let us be to the to the government We are irritants. We we are just disturbing them. They can't understand what this is all about So that is why we are having these pressures and cues Unlike you rightly acknowledged Before they say 1 billion liters they come the other day they say 300 million liters that are coming Why can't you just tell us Nigerians? We know that this is a hard truth to tell This is going to last for about two weeks We will advise we will appeal that you go strictly on essential duties Because we are having 300 million liters coming on Monday another 200 coming So because of this is going to go like that and for the next two weeks Then it would taper out and then on Monday the 300 million liters arrived They see it on when is it the other 200 arrived and people say oh it makes sense No problem. They'll cool down this panic buying and storing and god help us We haven't started hearing accidents that are coming on account of well being stored in the house I believe that people would be able to cool down if not if Our leaders can just manage to be just a little honest and sincere with us. Okay. All right. Let me say it to kids It's like you saying that if the government says good morning, you have to check your time In fact, just start getting ready to go and sleep Because you know around night, you know in some other climbs with such an emergency You'll be having daily briefings Government of the house will be will be setting up a press center to give daily briefings to the press This is what we have so far and you see a map a chat You know, they don't feel accountable to the people and they have this high sense of entitlement, especially in the oil and gas industry You have wrapped it up so well. I don't even think I should add any other thing other than to replicate what you have said They don't feel any responsibility to the people And they have this This satanic high sense of entitlement You couldn't have put it better And and it is it is a complete reverse of what government and governance is all about complete reverse And nigerians, why can't we wake up? You see some days back the the national movement was better Before then you have the national consultative front coming together These they have women and men That are trying to come out of their calm sport zones to say enough is enough. We need a critical mass We need every Nigerian to wake up I want to thank plus TV Africa because I know that in each of these situations You follow them up and you actually give more than enough of your time So I want to thank you for it, but I want to say please let Oliver twist do more Let's have a lot more. Look, let the analysis let the editorial team Think if you know, you know, the the media is the fourth estate of the realm. That is an actual constitutional responsibility Which means you don't have to just report. You can actually set the agenda Let us stop. Oh, uh, Tinnopu didn't eat breakfast this morning. He's looking this way. Oh president is Traveling to quite all those things are distractions. The question is as we approach 2023 What are those things that we must change as Nigerians? Let's focus on the office of the citizen of the federal republic of Nigeria What are the things? What are the leadership recruitment criteria? You can't be telling me. Oh, because South is there is insecurity as a result.  It means that a presidency cannot come to the ebos At the same time, I have to tell the ebos maybe I should join them and form the strategic think tank with them today You need to give a man like kinsley mohanu capacity. People love him. They appreciate it. They just oh, he doesn't have money Meanwhile, one man in newi can fund a guy's campaign can give him that capacity can give him that boost that move One man one man in newi. Why can't the leadership of the ebos and say we have start It's okay. Yeah, it's okay. We have to go. We can give you a page of people only we may be narrowed down to one And they're your in-laws. So we understand But but you've said it all you've said it all and the fantastic brilliant analysis is always. Thank you so much Thanks for having me. Thanks. I'm always delighted to be with you All right, so we look forward to having you show your thoughts And nasu tosi. Thank you so much Thank you. God bless you all Well, that's the size of it. It's been very insightful. I delight, you know, uh, listening to Zika and I took share his thoughts on some of his national issues We take a break now when we return we looking at our first major conversation and just before then let's tell you what happened today in history


Hi, my name is Aldericci, I'm Senior Design Engineer at BD Sound, which is ST of the Reset Partner and we are here at Sensors Expo 2019 at ST Booth. BD Sound today is introducing a brand new solution based on sensor fusion for noise cancellation. This solution features two-man microphone, an audio-accelerometer and an STM32F7 which is running BD Sound's algorithms. This solution is not only capable to manage ambient noise, but it also capable to manage device generated noise and vibrations. This solution can be applied to smart devices or connected devices, but it can be also thought for any application where you have voice and high level of noise surrounding it. For this demo, we took a blender and we installed two MEMS microphone, one pointing towards outside for the user, one pointing inside to capture the motor noise and there's also an audio-accelerometer to pick up vibrations. You will see briefly the difference of what the microphone is picking up without any sort of processing and what actually happens when BD Sound's solution for noise cancellation kicks in and cleans up the audio. So here is what the external mic is capturing without any processing. You can definitely see that there's a bunch of noise, you can barely see my voice popping up on the waveform. If at some point I turn on BD Sound's noise cancellation, one, two, three, four, five, you can definitely see that now my voice is popping up within the waveforms and actually the noise components are completely deleted away. So for more information, please visit st.com.com or bdsound.com. Thanks for watching.


Well, good morning. Thanks to everyone for coming to what turns out to be an even more timely and appropriate program than we thought. I want to first of all thank Mr. Ken Garshina of Mason Capital who is our sponsor for this event along with an anonymous donor too, but Ken is the man and in addition to being one of the two most successful Ostrow hedge fund managers in this country, the other one being Steve Berger who we'll introduce a little bit later. He was also a student of Walter Blocks. He got his economics degree under Walter and went on to the great success of Ken. We want to thank you very, very much for doing this and for all your generosity and for the work you do for our ideas in general as well as of course helping people be successful in these crazy fed times. So for our keynote speaker this morning we're honored to have Mr. David Stockman. I first knew David back when he was a congressman and I was working for Ron Paul and I can tell you as you can imagine the people who worked for Ron Paul didn't have much respect for the other congressman. But there was one guy we respected for his intelligence and his principles and that was David Stockman and we were thrilled to be able to work with him against the draft. David they're bringing that up again now so you're gonna have to get back to work but it's and other civil liberties issues and financial issues. He was hired away from Congress by the Reagan administration. They correctly thought he was the smartest guy on the budget and governmental financial matters. David found out that they weren't actually interested in cutting anything. They weren't actually they were actually interested in massive deficits and of course we're all shocked to know that the politician was lying including Ronald Reagan. David left. He wrote a book called The Triumph of Politics an extraordinary book. Unfortunately out of print but I think one of the great books ever written about how the government actually works. He's been a very successful investment banker. Many charitable activities. Right now he's writing his second book called The Great Deformation on how the Fed and the rest of the government is messing up the economy destroying the future and what we can do about it. So David's gonna talk about that subject this morning and David it's an honor to have you here. Thank you very much. Well thank you very much and a good morning. Until yesterday actually Lou I had been thinking this would be an ideal occasion to deliver a very erudite and philosophical summary of this book I've been working on now for a couple years. And then yesterday happened and the Fed did it again and I ended up thinking this is the final abomination. This is gone too far. It's street fighting time. This is beyond the pale. I mean it's undiluted lunacy. It's QEI quantitative easing forever which means we're gonna print ourselves to death as an economy. And so instead of the erudite philosophical view of how capitalism is being destroyed by status philosophies of one type or another I'm gonna launch into a full full strength tirade about the Fed just in case anybody's interested. And I think you have to start by saying before you get into any of the obvious issues the problem today is the Fed is being run by the single most dangerous man ever to hold high office in the history of the United States. And I would say in fact he is more dangerous than most of the other well-known culprits that I can think of put together. He is more dangerous than Geithner than Larry Summers than Alan Greenspan than Hank Paulson all put together we would have to reach back throw in a few old timers like William G. Miller and Arthur J. Burns and we still wouldn't be there. In fact I'd have to go all the way back to Mariner Eccles to come up with a package that could add up to the damage he's doing as a matter of fact when you think of what's happening today and what this Fed is doing you almost wish that Mariner Eccles would come back to life and that we could put him back in charge of the Fed because at least in some of you may know your history you read a lot of this stuff I know at least you would know that Mariner Eccles who was the first modern chairman of the Fed in 1935 was a Keynesian no doubt early for his time but he was a fiscal Keynesian who actually believed that money printing was bad that it would fuel speculation and that if the government was going to rob the people it should do it the honest way with taxes now that was that was Mariner Eccles back in 1935 and you know today when you look at what the Fed is doing robbing the people in so many different ways you almost wish that he would come back so I want to kind of do an indictment here I'm going to tick off a few things and I'm sure I'll miss a few and maybe if there's a Q&A time we can cover them first it's obvious that this is the death of capital and money markets there is no doubt about it the capital markets do not in money markets they don't price anything anymore they don't discount any future they don't allocate capital anymore all of this is simply a vast frenzied trading against the last maneuver and the last utterance of the Fed after all if interest rates in the money markets are going to remain zero through mid to 14 or 15 now that's six years of zero interest rates how in the world can anybody believe that when you have three two or three percent inflation is measured officially and probably a lot more than that if measured honestly that six years worth of holding the interest rate to zero has not completely destroyed and savaged any capacity of interest rates to signal things and to perform the price function that is essential in capital markets likewise how can anyone believe if they're going to be massively intervening in the so-called middle of the market buying 40 billion of MBS a month and on top of that continuing operation twist at about that amount how can anyone believe any longer that the yield curve means anything the yield curve is supposed to mean something that is the heart of the fixed-income market it is the heart really of the capitalist economy of the world and now it is being explicitly you know unabashedly in totally acknowledged way being manipulated and twisted and torque and turned in order to meet some fanciful notion that the Fed Open Market Committee has the monetary Politburo as I call it but certainly without a yield curve in the fixed income market which is trillion tens of trillions worldwide the markets obviously can't function and the same is true of equity prices they don't discount company earnings anymore they simply discount the next Fed press release when you have interest rates suppressed to this level the 10-year the central rate in the world market the 10-year US Treasury pushed down to 1.7 1.6 1.5 and their goal is to even lower it more although it backfired on them yesterday when you do that that interest rate which is the fundamental pricing mechanism of the capital markets is the reciprocal of asset values and so by definition the more you push down the long-term interest rate the more you're flating inflating the value of every asset class that you can think of both the financial assets real real estate commodities and so forth and so therefore the effect of this interest rate repression or financial repression is the misprice all the asset classes in the world and that then is another part of the witches brew that's emerging out of this so when you put all that together you say the yield curve doesn't mean anything interest rates don't mean anything asset prices are totally assets are totally mispriced the equity market is simply trading the Fed what what it means is that you've completely hollowed out and destroyed the capital market in effect in a metaphorical sense there is no one home on Wall Street there are simply computers trading word clouds with each other emitted by this central bank or that and the obvious point is how can you have a capitalist economy how can you restore capitalist vibrancy and growth and all of the things that even the Romney campaign is talking about if you've destroyed the capital markets which are at the center which are at the heart which are the lifeblood of the capitalist system I don't think you can and that's why I think that in the long run the central bank issue is not simply about printing too much money or some hyperinflation down the road or even what I've talked about here the clear and total distortion of financial markets in the price signal this is really about the destructive destruction of capitalism from the center out because if the central bank destroys the financial markets capitalism is going to languish and then the people will blame the bad outcome on capitalism and then legislative action will add even more now the one way to look at this in terms of in all of you are aware of this but how addictive dictated the capital markets have become to the latest nuance and move and maneuver and slight change in statement of the open market committee in the Fed is a study probably some of you seen but in this particular morning after yesterday and the crazy reaction that occurred in the risk asset markets around the world this is really a good statistic somebody went out went back and sorted the movement in the S&P 500 from early I think mid 1994 when Greenspan finally began to go off the deep end it took him a couple years but he ended up way off the deep end but anyway if you take that point until yesterday the S&P 500 index which is after all the measure of the heartland let's say of risk assets went from 425 value in early 94 to 1460 yesterday but if you remove from that 18-year history each 24-hour period before the FOMC met then the index did not quadruple from 400 roughly to 1460 but it went from 425 to 600 in other words in the whole 18 years the S&P 500 went up at about 2% a year except in the 24-hour segments before the 12 or I mean the 9 or 10 FOMC meetings a year all the rest of the gain so 85% of the gain occurred in the 24-hour windows before each Fed meeting so we have a Fed run economy there is absolutely no doubt about that and as I say when the Fed is running the economy capitalism can't survive second I think it should be obvious that this also means the death of fiscal governance if we're not already there already and I think we're doing they're doing a pretty miserable job but when you tell the Capitol Hill and when you tell the congressman even some of them that might wish to be you know marginally responsible when you tell them that you can borrow one year 15 basis points which you can this morning or three years at 35 basis points or out to five years at 75 basis points from Washington's point of view that's a rounding error that's close enough to free not to worry about the carry cost of the debt and so they don't and so they kick the can so they defer the tough issues what congressman really of either party in no matter how corrupt he is or maybe brave wants to bite the bullet fall on the sword disappoint constituencies if you can borrow for another year and hope things get better on the margin for 40 50 or 60 basis points which doesn't add up really to anything in the scheme of things the problem is this interest rate repression is only deferring the day when the whole thing explodes we are now objectively at the point where we have 20 trillion of debt I mean they say it's 16.3 but there's so much built into the pipeline that you can say today it can't be stopped even if we had a total miracle and change of mind there's 20 trillion that means that if interest rates normalize I'm not talking about some real you know inflationary flare up or some huge collapse in the financial markets which I think is going to happen but if they just normalize they would go up by 300 basis points because right now the weighted average cost of the federal debt is 2% so if it went up to 5% it would mean that the carry cost on the debt today is being understated by 600 billion dollars a year in other words before they even begin to think about any entitlement they might reform whether or not they could possibly see the logic of cutting defense in a world where we don't have any enemies industrial enemies left in a world where you know Romney is waving the bloody shirt at Russia why I mean Russia is a kleptocracy they would love to steal from each other they don't have time to steal from other people so why do we have you know this enormous defense budget so what I'm saying is that even if there was some inclination to begin to grab grapple with those issues as long as you make it so simple as they are today as the Fed is to finance another increment of a hundred billion a month or another trillion a year this will continue and we'll bury ourselves and even and even more debt that can't be handled I think the third thing that came out yesterday is that this is the real class war now you hear about that and you hear about all the time in the campaign but the real class war in America is that the Fed is declared war on savers the Fed is declared war on thrift the Fed is declared war on the fundamental mechanism of a capitalist economy where people are rewarded for deferring consumption by saving so that that pool of savings can go into reinvestment and all the other things that we know about on which a real vibrant growing thriving capitalist economy is built and so we have a determined explicit acknowledged policy in the Eccles building at the Fed to punish and essentially destroy savers I just saw this morning six month CD 40 basis points that's all you can get so what are we telling people about the future what are we doing to people who have already retired maybe with a decent nest egg what we're saying is that if you expect to get any return on this as per Bernanke you can't keep it in some place that's safe you have to go way out on the risk spectrum and we're making granny by junk bonds so that she has enough income coming in from the nest egg that her deceased husband left her so she doesn't have to you know buy dog food for dinner that's what this Fed policy is doing and it is profoundly destructive I think in a social sense and it's profoundly destructive in terms of everything that's wrong with our economy we've been on a debt bench for the last 30 or 40 years everyone knows that there's one figure that I use over and over and I'll repeat it today because I think it really captures the essence of where we are and why this policy is so wrong-headed and destructive in 1980 we had five trillion of debt in this country public and private in other words the whole credit market debt outstanding government financial sector households business and so forth a GDP of three trillion so the ratio let's call it the leverage ratio the economy was about one point five now the interesting thing is that that leverage ratio had been at one point five for a hundred years you could actually go back to 1870 and the best they can put the statistics together it was one point five and in between we had war and peace and boom and bust and William Jennings Bryan and Calvin Coolidge and a lot of other things and during that entire period it it was very close to that one point five times it seemed to be the natural leverage ratio for an economy then we went we took off in 1980 and went to the races today we have 53 trillion of total credit market debt outstanding on the economy we have a 15 trillion economy we are now leveraged 3.5 times 3.5 to 1 way off the charts you just look at it it's a straight line in history and then it's a hockey stick straight up and that is a big number I understand but if we had stayed on the beaten path if we had stayed on what I call the golden constant which seems to be been valid historically and it was consistent with a stable economy and growth and we were at one and a half times debt to GDP today we would have 22 trillion of debt on the US economy public and private not 53 trillion which means that we're lugging around three 30 trillion of excess debt you know in the household sector on the business balance sheets on the financial institutions and more and more on government and if you have that much debt and you're that far off any kind of historic norms why would you have a policy the central bank which is trying to force people to borrow even more and discourage people from saving when obviously we're totally upside down now the next thing that I think is coming out of this is what I would call the real triumph of crony capitalist corruption because when the Fed engages in this kind of central planning sense when it is all over the market all the time giving out signals and manipulating every aspect of pricing in the capital markets the yield curve and the components and constituents of the yield curve like yesterday the smart guys knew there were certain kinds of MBS mortgage-backed securities to buy because they were going to rally on the Fed's announcement that they were going to buy 40 billion a month but there were also certain kinds of MBS to sell because these were older MBS with higher interest rates and now that the Fed is driving the mortgage rate down even lower those are going to prepay at a higher rate than previously assumed the negative convexity is going to eat people alive and so yesterday some people shorted negative convexity and bought the MBS that the Fed is going to be buying made a killing and this is supposed to be a capital market now for some reason golden sacks printed the day before exactly what the Fed was going to do and if they were so bold I might say to print it in a message to their unwashed clients I can imagine what they were telling the real insiders now my point is that if you saw what happened yesterday coming and it was well telegraphed I believe a couple of thousand people made 50 billion dollars yesterday in 50 minutes as a result of the radical sudden lurching move moves that occurred in the fixed income markets as a result of this announcement the treasury bond actually rallied or the MBS the mainstream Fannie Mae 3% coupons rallied in a few minutes by 1% now when you realize there's about five or six trillion mortgage back securities Fannie Freddie Ginny may and then a couple trillion or so that are left from the private label issuance all of those were powerfully and massively affected yesterday by the announcement of the Fed and the smart traders were positioned left all the way to the bank and captured the windfall now the reason I think that is important is I don't begrudge some guy who was smart enough to do that but I do condemn a policy that creates random windfalls as a result of manipulation of financial markets for no better reason than some lunatic academic thinks that this is going to make capitalism better and that's exactly what we have today now how are the people in America ever going to be sold on capitalism when it's so obvious the system is rigged and I don't say that from some kind of conspiracy point of view I say that because Wall Street is cheek by Joll with the Fed Wall Street demanded this Wall Street said it would have a hissy fit if they didn't do it Bernanke is weak and the rest of that crowd around him is even weaker I mean did you see the vote yesterday set Bernanke aside is 10 to 1 10 sheep voted for this abomination on the open market committee so given that kind of performance it is very obvious to me that our system now is simply riddled with trading windfalls arbitrage of the next move the next signal the next slight variation or utterance that's coming out of the Fed the next part of my indictment is that they have now taken money printing and bond buying so far off the deep end I can't even see it anymore and you know after a while we get used to hearing you know 40 billion buy or QE1 was 1.2 QE2 was 600 billion now this one is 40 billion a month but it's really 80 because they were already buying 40 billion of MDS to replace the ones that are rolling off but let me just give a couple of statistical dimensions of this so that you can see that the Fed is all over this it's smothering the capital markets and there may not be anything left very long if we can get to 214 when Bernanke terms his term is expired there couldn't be anybody worse I could that anybody could imagine to a point I don't believe but the point is if you just look at the mortgage back security buying and what are they doing in the mortgage market we've already wrecked the housing market we've already wrecked mortgage finance we've already created this massive disaster that came in 205 to 208 and then in the aftermath and so forth but now they're in there driving down the yield driving up the price distorting and contorting further the housing market but here's how bad it's going to be these after everything we supposedly learned from the crisis of 207 and 208 Freddy Fanny and Ginny may are still alive and kicking down in Washington they know they've eaten alive about 180 billion of taxpayer money so far but they're all still functioning fact that's the only part of the housing finance system that's left but the point is they're still issuing 140 billion of new mortgage back securities a month and with the policy announced yesterday the Fed is going to be buying 30 billion from before the so-called roll-off now it's adding 40 billion so it's going to be buying 50% of every mortgage back security issued by the entire complex of these Washington based monsters who are using the taxpayers credit to stamp guaranteed on these mortgage back securities 50% of it now is going to be bought by the Fed another dimension of it is the following I like this one and I know it's something that probably a lot of you may be aware of I think the statistic is remarkable the Fed open for business in November 1914 and it took them 93 years till September 15 to be exact 208 to accumulate a balance sheet of 900 billion dollars and you know that was through two world wars a lot of unnecessary wars through the great society guns and butter through the Reagan deficit disasters that I had some knowledge and familiar familiarity with and so forth through the George Bush fiscal catastrophe that we had in the last eight years but through that entire period it took that long for the Fed to accumulate 900 billion of balance sheet mostly government securities you know of one maturity or another in seven weeks of sheer panic after Lehman went down and the next day they found an excuse to bail out AIG when they couldn't find one the day before in seven weeks Bernanke doubled the size of the balance sheet of the Fed he did in seven weeks another 900 billion that had taken 93 years to generate in the first instance and then in the first 13 weeks after the Lehman event the balance sheet of the Fed went to 2.5 trillion which means it almost tripled in 13 weeks relative to 93 years of history so it tells you that something is way out of kilter there is some lunatic doctrine there are some madmen in charge of the printing press who have no idea that you know simply printing money can't possibly cause any good and will most certainly generate a huge amount of bad after all if it were so simple is what this open market committee is saying there's PhDs on there I you know there's there must be something wrong in the water supply at Princeton I can't figure out you know if you're there long enough you must get brain damage or something I can't figure out where these people are coming from but if it were so damn easy why don't we just stop working why don't we just stop worrying and have the Fed print 8 trillion worth of balance sheet literally drop it out of a helicopter as Bernanke once advocated and our job would be one hour today to pick up enough money to get by and then do the rest of the day you know because I that's where it's leading this isn't you know it used to be sort of on the margin well you know should you have M1 growing at four and a half percent or three that you know that was a stupid debate but at least was fair now they're printing it with such reckless abandon with such enormous magnitudes that if this continues there will be a four trillion dollar federal balance sheet by our being a federal reserve balance four trillion federal reserve balance sheet by 214 when hopefully Bernanke's term will be up obviously the point is clear to everyone is that what's happening at the Fed today is Keynesian financial central planning on steroids and the worst thing is it's done by 12 12 unelected members of the federal open market committee who therefore don't have to answer to anyone and they have long terms and so it's even worse than the old style fiscal Keynesianism that you got from Samuelson and all the rest of them because at least then Lyndon Johnson had to go to Congress and try to persuade them to run these deficits and they were reluctant to do it even you know back then even Nixon who was totally out of control on the fiscal issue said we're all Keynesians now but he even at one point had to cut spending and raise taxes because it took at least some Democratic ascent but today we have 12 people who are self-appointed monetary central planners who believe they're in charge of the entire economy who have no clue that they don't know what the real growth potential of the US economy is with 53 trillion worth of debt on top of it with a leverage ratio of three and a half rather than one and a half after doing a 30-year national LBO how do they know what the growth real growth potential is of the economy anymore until we have a cleansing and a liquidation of all of this malinvestment all of this massive debt all of these distortions that have built up they don't know but they're presuming they know and that's why they're printing money because they're trying to get the economy to be at the potential growth rate that they decree as possible they said yesterday we're gonna give the statement yesterday this is why I call it QEI is we're gonna print money and we're gonna never stop until the unemployment rate comes down to where we want it well how do they know what the full employment rate is in an economy that has been as damaged impaired as this one has been that we all know the full the unemployment rate doesn't even measure anything I mean it's just like nonsense coming out of the BLS everybody knows that people are dropping out of the labor force the denominator is stagnant and so therefore they're using a statistic that most sensible people would never use even to manage their own little investment portfolio they're trying to run a 15 trillion dollar economy on a number that's that flaky and shaky and so therefore they have done something that I find really outrageous and that is yesterday it was almost like you know Congress is making us do it okay yeah we're printing a hell of a lot of money we're sucking up everything inside in terms of the Treasury market the MBS market yeah if we're probably trying to levitate the Russell 2000 and so forth but we have to do it because we have a mandate from Congress that says maximum employment and price stability well the point is if you ever read that it doesn't say you need an 8% unemployment rate or 4% or 5.876 2% unemployment there's nothing in there that's an excuse in order to simply take charge take control become the monetary Pellet Bureau of the US economy so this is a worse kind of Keynesianism because there's no check on it whatsoever it's just 12 people utterly out of control and therefore I believe and this is my last point that it's leading to a constitutional crisis it is going to be more evident to people with each passing day that you do have an unelected dozen people running this economy ruining the capital markets crushing savers allowing Washington to run massive debts without any carry costs creating windfalls crony capitalist windfalls for all the smart speculators who have a little inside knowledge about what's going on turning capitalism because they're print they're creating free money they're turning the free market into a doomsday machine and I think when that begins to settle in and people realize how out of control this is and hopefully the Republicans will finally wake up after all these years of sleepwalking maybe the issue will come to a head I'm not counting on it I'm somewhat of a pessimist but yesterday was so far off the deep end that maybe it's the wake-up call the country finally needs thank you


We start the afternoon with Istio and Susa. Yeah, right. OK, thanks for the interaction. Today, I will introduce you to one of my projects, which is called Surfer, a real-time ray dresser for algebraic surfaces. And usually, all talks about this program start with an equation, something like this. So you have an equation in three unknowns, x, y, and b. And you can imagine this to represent coordinates in three-dimensional space. So the solutions to this equation, this gives a surface in three-dimensional space. In this case, for example, you get this type of surface. So you can represent a rather complicated geometry by compared to the complexity of the geometry. It's rather simple. So now, I want to show a short interaction movie on the program. Did you ever ask yourself if there is something beyond lines, parabolas, or circles, something creative, colorful, and interactive? With Surfer, you can experience the connection between formulas and forms between mathematics and art. It includes a tutorial with simple equations and all the basic tricks. Just invent an equation and play with it. Create amazing images, animations of algebraic surfaces. Surfer is free and can be used in exhibitions, museums, in schools, or at home. The program features a gallery of services and equations with background information, for example, the mathematics of world record services with many singularities. Enter the world of Surfer and enjoy doing and learning maths visually. Thanks to our public relations team, we have this video. So this is the actual interface for the program. So we have the surface to play and the equation and nice touch screen interface. And so on. So this is a user's perspective to the program. But from a developer's point of view, we have actually three parts. So one of them is the user interface written in the Java of X, which makes it scalable, looks relatively nice, I think. And it's intuitive to use. Then there are very important galleries and explanation text based on latex compiled to PDF to get the user started. And you always have a surface combined with the explanation text. And finally, you have the rendering core, which is a Java library. And it does all the hard work, which means some kind of computer algebra and American methods, parallelization, these things. In the background, a ray tracer is working. Most of you are probably familiar with the concept of ray tracings. We're shooting rays through the image plane and intersect them with the scene. The interesting part here is that the objects we are dealing with are non-linear objects defined by the equations. And the ray tracer is also in real time as long as the equation is not too complicated. Originally, it was planned to use this software only in exhibitions about the mathematics and geometry. And here's one example from Berlin in 2008, where everything started. Here's one from Belgrade in 2011. And another one from Buenos Aires. But it turned out very soon that users used this software to create a mathematical art. This is one piece of artwork created with our software. Here's another one, maybe a third one here. And some users pushed the boundaries of the software and reached the limit where the software isn't able to create nice images anymore, or represents a true geometry of the surface. And this is actually a picture of the numerical error that is involved in the algorithms. And this has been sent to us by the user of our program. Yeah, and then I'll use us to send pictures like this. OK. Yeah, OK. Then users also started to use the surface software to educate school children in mathematics and teach them about basic algebraic geometry that worked really well. And we also use this software for science communication. And there are several spin-off projects like this one in the MoMath, the Museum of Mathematics in New York. And this is not the only spin-off project since I released the rendering core of our software. So for example, the support to the iPhone is not yet ready, but it will be released soon, I think. And then a program where you can create a surface based on your name and various others. The reason why it works so well is that a surface shown in an exhibition project which is called Imaginary, Open Mathematics, and here's a small map, which just shows all the locations where the exhibition has been presented. And currently it's over 110 cities in more than 23, I think actually, 24 now countries. And we have a lot of visitors. And yeah, you can just start using the program as a regular user. You can create projects, you can create pictures, use it in education, for events, workshop, to teach mathematics, and to invent something new based on the nice surfaces. Or you can also join our team, because currently we have a lot of users in the project, but very few developers, I will say. And it would be nice to have a little bit more support. And that's always the end of my talk, thanks. Oh. Thanks. Do you want to go to work? I think about a question. There's no switch, right? Oh, here. This should work. Yes. A question for you. The linear distribution for a long time had images of these kind of surfaces on their covers as well. I think at some point, they also released the software, or it was at least known which software they used. Is there any relation to your program? Yes, it is. The software was called a surf. And I also know the authors of the pictures, which were used for the SUSE distributions. But I think it's no longer maintained the project. And that's the reason why we built our own rendering core, and the new important part here is the user interface, which is targeted for exhibitions and so on. User interface is more important than many people think. So if you have a nice user interface to attract more users than if you have normal users, I mean, we are usually not normal users. We are the development community, and it's for us something different. But regular users tend to like nice interfaces, and that's something really important. And so original project just was a command line project, I think. Regarding the rendering core, are you implementing your own equation solver? Are you doing approximation? How basically are you doing the ray intersection? I implemented my own intersection algorithms, specifically for this type of surfaces. And it only works with algebraic surfaces, and that's the reason why we were able to be rendering real time. So using a computer algebra system, for example, would be too slow because they have good algorithms as well. But if you have everything integrated and optimized for rendering, then it's something different. Thank you.