Hello friends, I welcome you once again to a very amazing show on the OpenMinerThinkerChannel here on YouTube. I sincerely appreciate your presence today and guess what? I've got a video for you. A video that is completely unusual. When I saw the title of this video, I got scared the first time because I know that most Christians have tried to experiment most of the things in the Bible and have failed willfully. I would assure you that, for example, there is a man who, after reading the book of Daniel, where Daniel dined and whined with hungry lions in the den after the King Dairus, threw him there. So he wanted to experiment the same thing Daniel did during his time. So he went to the den of a lion in a zoo and was completely eaten by the lions. We have stories in America where pastors claim that snakes cannot do anything to them. And what happened? Guess what guys? So he brought a python and at the end of the day, the python destroyed and killed them. So some of the stories are rubbler. So when I saw someone that wants to drink poison to prove Jesus Christ, I was scared. The question goes to the sir. I want to ask a question to Mr. Stanley. That is according to the title, it's a Bible true word of God. And he accept that he believed that the Bible is a true word of God and he believe in Jesus. So I want to ask if you have the complete faith in Jesus Christ? And if yes, then according to, I have one question here, according to Mark in the Bible chapter 16 and verse 18, you have in your lecture said that they will about the sickness and things that you can recover the sickness of the people. And in the same verse, it stands that if they drink any deadly things, it will not hurt them. That is the same verse. And I have here a python. And you please, and you please testify for the audience that you have the true faith in Jesus. Thank you, sir, for your question. There's a very powerful challenge, obviously. The parts of the Bible, I said so, you know, reflected in other areas of the gospels where even Jesus Christ commanded the people. They just believe in him. You can trample on sapiens, you know, scorpions and charms and if you have no effect on you, how true is this showdown going to be? Is this pastor ready to prove that Jesus Christ got the power to stop, you know, the effect of poisoning? I do not know. My brother has given me a deadly poison and he wants me to drink it. He wants me to make a show and tell you that it is true what is written in Mark 16, that if we drink something that is poisoned, we will not die. Now, very strange. You see, I believe in God. I have experienced the Holy Spirit and in our family we have experienced the Holy Spirit as a reality. And the Holy Spirit tells us what is going to happen.  I was invited through, when I was invited through Suheel, Aziz Khan, that Mr. Ahmed Didat, Tuesday evening, want to give me dinner. My wife said Stanley, be careful because we know about many Muslims who became Christians and were killed. Now, am I going to drink this and you will see me fall down and die? Listen to this. When you know the Bible, the first thing I will answer before really telling you what I am going to do. I am shaking a little bit. Excuse me, but listen now. You see, you asked me if I believe in Jesus and I want to tell you, I believe in Jesus as it is written in the Gospels. I don't believe in Jesus as it is written in the Koran because the Koran denies that Jesus is the Son of God. The Koran denies that Jesus was crucified. The Koran does not accept that Jesus was resurrected. The Koran denies that Jesus is Messiah. And I believe in the way the Bible says that Jesus is the King of kings and the Lord of lords. And he is equal with God. Why do you believe that Jesus is the King of kings and the Lord of lords and is equal to God? It is confusing, guys. How would you say he is the King of kings and the Lord of lords and is equal to God? Equal to God. Like God is more than one. If he is equal to God, he has the same powers as God. He can command anything as God. Well, that's what Christians believe. But is that true from an independent perspective that you really believe that Jesus Christ has the same powers as God? Now, who is God himself? What is he made of? Who is he? And in that context, what are we going to say is the rule of Jesus Christ? Okay, maybe Jesus Christ was a man favored by God, deed as God requested of him, and it was elevated to be equal to God. This is really confusing. He is a king of kings. That's not a problem. Anyone can be a king. You might say he is a Lord of lords. People own his house and they are called landlords. But saying that he is equal to God is completely problematic. Because if you are to prove that, you see that Jesus himself never equated himself with God. He never said, God and me were the same. One and this guy is putting words into the mouth of God. That's a better way to approach this. I do not know. I think he is in error. Listen, my brother. Listen, my brother. Do you know? One day Satan himself approached Jesus and the devil met Jesus in the wilderness and said, Throw yourself up from a high wall and make a show and try to show the people that you are the son of God.  I am asking him, if you want to kill me, I must have five minutes more. In front of Herod, Jesus did not open his mouth according to the Scripture and Jesus did not make a show of the miracles. And when you gave me this question today, I recognized the devil in you and I am not going to obey the devil. I am not going to make a show. I am going to tell you and I am going to tell all the others that Jesus, he wants to heal. He does not want to cause sickness. He will give life. He does not want to kill people by alcohol and drugs. It is the devil who wants to cause damage and Jesus, he wants to give blessing. We will proceed to the next... Well, I really do not understand this. Okay, let me really talk about what he said. Yes, there are parts of the Bible where the devil came to tempt Jesus Christ. The way Christians make such illustrations, it appears that Jesus the devil just came in from nowhere and physically followed Jesus Christ. I do not think so. I think his temptation from his heart, the devil was talking to him according to the Gospels. He resisted almost all the temptation. The first one, he was taking to the top of the mountain. Of course, he just finished his 40-day fast. Just like his Ramadan. He finished his Ramadan by 40 days fast. The devil came in person to tempt him. The first thing, knowing that he is hungry, he was asked to turn stones into bread. Jesus Christ resisted with the following words, thou shalt not live by bread alone. That is completely the same with what Islam teaches. Question? With regard to the poison story last night. See, thank you. With regard to the poison story, the young man had a just question. He was justified in asking a just question. It was a matter of faith. You have faith, then I won't prove. And Jesus Christ, if it was him in the Gospel of St. Mark, chapter 16, the ending verses, verse 17, you read it. You read it that what you are supposed to do, but you know in this Bible here, that verse is not here. Pastor, that verse 9 to 20 verses of Mark are not here. I don't know if anybody here, you young man, can you read English? No, you can't. Pastor, would you like to help me? Look, in this Bible here produced by the Christians, 32 scholars of the highest eminence, backed by 50 cooperating denominations of Christendom, they have thrown it out as a fabrication. Verses 9 to 20 are thrown out. They are not here, sir, in this Bible. But of course, as I told you last night, that now they have reintroduced it in this one. They look alike, but they took it out here and they put it back. Why? This is because of certain individuals and church denominations. They terrified them, like people are trying to terrify us. Somebody has been phoning the pastor. Somebody has sent me a telegram, a Muslim madcap, maybe some Muslim madcap to him, some Christian madcaps. We have lunatic fringes among all communities. And in South Africa, I get phone calls and I get letters from the Jews, from the Christians, from the Hindus, even from Muslims threatening my life. What do I do? These are the hazards of our occupation. These are the hazards of your occupation. You can expect that in one of the greatest democracies in the world, America, 75% of the presidents of the United States, 75% have been assassinated or attempts have been made on their life. True or false? 75%. So this is the hazard of your occupation, so my occupation. You should expect these things. That shouldn't terrify you to throw in the towel. It says, no more. I won't preach to anybody anymore. No, no. You don't do that, sir. We must share again and again. The next meeting should take place in the globe, in the globe in your Stockholm. You know, we should get 12,000 people there and discuss about the crucifixion of Christ or anything else. Let us share the platform and share our knowledge with the people. So that verse, that verse, that verse, it says, and these signs shall follow them that believe. If you believe in Jesus, these are the signs that will follow. In my name shall they cast out devils. And the pastor said, you got the devil. You are the devil. Telling the young question, the timid young man. You know, he was terrified to articulate his question.  That poor man is shivering in his pants, you know. And now, you have got the power God had given it to you. You should cast out the devil. Heal the man. Instead of terrifying him into death, heal the man. You are supposed to, number one, cast out devils. And they shall speak new tongues. The professor does it beautifully in Urdu. I said, what about Zulu? What about Zulu? Can you speak Zulu, sir? You know, Abraham and the father. He spoke Zulu and Abraham and the father and the mother. Talking about tongues. Tongues means speaking different languages. For every one language, for every one language that the pastor can speak, I'll give him three foreign languages, for everyone he speaks. And that is without the help of any Holy Coast, no Holy Coast. I'll do it on my own God given computer. All right. Right, when you got to the part of the Bible that was removed by some Christian scholars, this has been running for centuries now, I would agree, you would agree with me that if you read through the Bible that was released by someone like Martin Luther in the Middle Ages, you know, after the Reformation in Germany, you would agree with me that that Bible, I think the Lutheran Bible has nothing at all to do with some of these areas. In fact, full books of the Bible were removed, like for example, the book of James was totally not of that Lutheran Bible. Remember, the Bible of the Lord of Wargate, that was written by St. Jerome and endowed by pubdomicists, you know, hards, all of these parts of the Bible like Maccabees, Wisdom, the book of wisdom, and all the tetra-canonical books that were approved by the Catholic Church. And of course, other books that were found in Orthodox Bible in Ethiopia, Russia, most parts of Greece, some of those books today are not part of the Bible. And even today, for example, if you go through the Bible itself, the Jehovah's Witness, you would also see that there are some interpolations where some part of the Bible were removed for their own reasons or not. I really don't know why it's so, but I want you to pay attention to what I'm about to say. If the Bible is strictly the Word of God, no man has the power to interfere with an already made book as propounded and established and as categorically confirmed by the Catholic Church.


Absolutely massive is what I am Greetings my esteemed audience. I'm checking in with a quick video. I thought to read you all a poem from this fine book Now perhaps you saw I made I wrote a book review on it first link in the description box below I can also say if you don't read the book review you hurt me a bit, but it's okay I will try to forgive you but anyway Yes, I can recommend the book if you if you wonder it's a really interesting book now I stumbled upon in it a song to mitras in the book So I will read it for you, and you will admire my poetic voice So this is a song to mitras from Rudyard Kipling's Puck of Pooks Hill from 1906 a Poem that beautifully expresses the spirit of mitraism a song to mitras Mitras God of the morning our trumpets wake in the wall Rome is above the nations, but though art overall Now as the names are answered and the guards are marched away Mitras also a soldier give us strength for the day Mitras God of the noontide the heather swims in the heat our helmets scorched our foreheads our sandals burn our feet Now in the ungird hour now air we blink and drows Mitras also a soldier keep us true to our vows Mitras God of the sunset low on the western main Thou descending immortal immortal to rise again Now when the watch is ended now when the wine is drawn mitras also a soldier keep us pure till the dawn Mitras God of midnight here where the great bull dies Look on thy children in darkness or take our sacrifice Many roads thou has fashioned all of them lead to the light Mitras also a soldier teaches to die a right How about that quite beautiful poetry? In all actuality, I believe it's really good stuff So anyway, I simply wanted to check in I enjoy reading poetry. I hope you do like it, too And perhaps I will continue to do so. So anyway short poem by Rudyard Kipling Now if you are interested in the rest of the book do check out my book review So good stuff. Good stuff. Now. I will hit the temple of iron in the honor of mitras XXO boom


Hello and welcome to the session in which you would look at consolidation and the different method of consolidating financial statements. This topic is important because as time goes by, the complexities of the financial statements consolidation gets harder and harder. So it's very important for the students to understand the basic concepts, the basic theory behind consolidation. Why? It's going to make your life easier during consolidation. You'll be able to understand the journal entries. Why are we debiting certain accounts? Why are we crediting certain accounts? Why are we doing this? What's the end product? What is the theory behind what we are doing? So this topic is important, whether you are an accounting students or a CPA candidate, whether you are an accounting students or a CPA candidate. I strongly suggest you take a look at my website, farhatlectures.com. I don't replace your CPA review course. I am a useful addition. I provide an alternative explanation, an alternative resource for you to complete your work. So simply put, I teach you the material, the review course will help you prepare for the exam. Think of me as a backup to your CPA review course. Your risk to try me is one month of subscription. Your potential gain is passing the exam itself. Are you willing to take that risk? And if not for anything, take a look at my website to find out how well or not well your university doing on the CPA exam. I do have resources for other courses and CPA sections. If you haven't connected with me on LinkedIn, please do so. Take a look at my LinkedIn recommendation, like this recording, share it with other connect with me on Instagram, Facebook, Twitter and Reddit. So financial statements, consolidation, as I was just saying, it gets more and more complicated with time, but the basic objective remain the same. And that's to combine all your assets, all your liabilities, all your revenues, expenses and equity in the consolidated financial statements. And this occurs, this process occurs through the worksheets, the worksheet and the consolidation entries. And as a result, we produce a single set of financial statements. Now, some topics needs kind of it's good to understand those topics. They need special attention. One of them is consolidated in their income. So what happens after we buy the company subsequently acquisition, we must report our consolidated net income, which is the net income of the parent and the subsidiary. So what we do first, we separately combine the revenues and expenses of the parent with those of the subsidiaries. Now, also we have to do, we might have to increase our expenses a little bit, especially if we purchase those assets from the subsidiary higher than the cost. So simply put, the subsidiary's expenses, they might have those expenses based on the original book value. So let's assume they purchased a building 10 years ago, or last year, or it doesn't matter when, for a million dollar, and they amortizing this for 10 years. This is their original cost. Therefore, their depreciation is $100,000 per year. Now, when we purchase this building, we paid for the same building 1.5. Therefore, if there's 10 years remaining, now we're going to be depreciating $150,000. So we're going to be depreciating an access of $50,000. This is called access amortization. So we have to include this access amortization through an adjustment. So this is when we do the adjustments to reflect the amortization of the access of the parent consideration over the subsidiaries. This is what we are discussing here. So we might have additional expenses. Now, not all consolidation will take that into account. The full equity method will do that. Also, if there's any intercompany transaction, like account receivable, we sold them something on account. They purchase from us something on account we can we can solve. We eliminate those intercompany accounting and intercompany's payables and receivable. Another account that we need to be comfortable with is investments. And we need to understand that it creates investment. It's a little bit more complicated than income, in my opinion. So remember, for internal record keeping purposes, we're going to have to select an accounting method. And we're going to see there are three of them. To monitor the relationship between the two companies through the investment account. Because the investment account is what is the representation of the parent investment in the subsidiaries. Now, the investment account, it's going to vary over time as a result of income, as well as a result of the method that we chose. And these differences would be reflected. The fact that periodic consolidation, only the consolidation process, not the combined entity figures. So so at the end of the day, the investment account, by the way, the investment account, regardless of which method we are using, the investment account would always be equal to zero. However, on the parent company, the investment account will differ depending on which method we are using. Again, we did not discuss the method yet. I just want to introduce you to the investment account. So in the consolidated, the investment account is always zero. It has to be zeroed out because what we purchased, we purchased through that investments accounts, we purchased their assets, their liabilities, and as a result, their equity, right? Because assets minus liabilities equal to equity, so it has to zero out. But the investment account might be different on the parent's company. Also, just like likewise, the income figure accrued by the parent is removed each period. So if we accrue any revenue from the subsidiary will have to be removed. And what's left is only the subsidiary's net income. And here are the three methods that we use. We have the equity method, we have the initial value method, and we have the partial equity method. Now, all three methods start with the same investment account. And that investment account represents what we paid for that company initially. It doesn't matter which method, when we purchase an asset, we record it at its cost, historical cost, which is consideration transfer. Now, after the acquisition, the three method will produce different figures, notice, on the parent's company only, not on the consolidated sheets. On the parent's company, we might have a different investment account number. We might have a different income recognizing from the subsidiary's activities. And as a result, if we have a different income, we might have a different retained earnings. But this only happens on the consolidated, I'm sorry, on the parent company, on the consolidated, on the total, it doesn't matter which method we use. They all should be the same. Let's take a look, an overview about the three methods, starting with the equity method, the method that we should be most comfortable and familiar with, because if you understand the equity method, you will easily understand the partial equity. If you understand the equity and the partial equity, the initial value is a piece of cake. Right? So the equity method is using full accrual. And hopefully, you know what full accrual is. It's basically maintaining the parent's investment and account for related income over time. So simply put, when the subsidiaries report their income, the parent company will accrue it. So as soon as the subsidiaries earns it, the parent company will accrue it. How does it accrue it? What entry do we make when the subsidiaries reported their income? Remember, we debit investment, we credit income. So we debit investment. So we increase our investment in the subsidiaries and we increase our income. Also, the equity method accounts for access amortization. So remember what I said earlier, if we purchase a building for 1.5 million and the value of the building at the subsidiaries was a million, as a result, what happened is we have an access amortization of 50,000 per year. Assuming we are depreciating this building over 10 years. So what happened as a result? Usually, we're going to debit income, reduce income and reduce our investment for that access amortization. It's the opposite of when we accrue income, when we accrue income. Also, if there is any unrealized gross profit on intercompany transaction, we defer those. For example, if we sold them or they purchase from us inventory or if we sold them inventory and that inventory is not resold yet. Well, guess what? We're going to have a deferred profit. Therefore, we debit income, credit investment. Same thing as this entry, which is the opposite of the one we accrue net income. Also, when there's a dividend, the dividend to remember under the equity method, we debit dividend or eventually we receive cash and we credit the investment. So we reduce the investment by the amount of the dividend. So notice what's happening under the equity method. We are keeping track of our investment account as changes in the equity of the subsidiaries. It creates simply put a parallel between the parents investment and the changes in the underlying equity of the acquired company. They make a profit. We increase our investment. They pay dividend, we reduce our investment. This method is referred to sometime as the single line consolidation. It's popular where management would require or would want to measure the subsidiary, subsidiary, subsidiary profit under the accrual based income figures. This is the equity method. The partial equity method, obviously by the name of it, it should be similar to the equity method, which is similar. So every time they earn the income, we accrue it. So the income is simply put debit investment, credit income from the subsidiary. Every time they declare dividend, we debit, dividend, credit investment for the subsidiaries. However, we don't do the other two adjustments, which is the access amortization and the deferral. So we don't make those other adjustments. Okay. So we end up with a net income figure as computed from the parents company approximating consolidated total, but without the effort of the full application method of the equity method. Okay. So you will see this one. We do an example, but this is what's going to end up happening. Now, again, the total for both companies will be the same. The consolidated. What's going to differ is those consolidating entries, consolidation entries. The initial value method, in contrast to the other two method, we don't recognize any income as it's earned. So we don't use the accrual method. So what we do is we wait until they pay the dividend. So we recognize the dividend income as they pay it. And usually from the time they declare it until the time they pay, that's very short. Therefore, simply put, the initial method to a great degree, it recognizes or it's measuring the subsidiary's performance under the cash method. So if you hear the word initial value method, think of the cash value, the cash basis of accounting, because we recognize income as we receive it in form of dividends. So why do we use the initial value method? It's easy. It's very easy. Just we wait until we receive the cash from them. It's ease of application. We don't need to measure the subsidiary's performance on an accrual basis. So it's not needed. So simply put, we want to measure their performance on the cash basis. This is when we use this method. So make sure you are familiar with all three methods. Make sure you have a good understanding of the equity method, because the partial equity will become easier. The initial value, it's easiest of the two. Now, obviously we have to work an example illustrating those three methods. And preferably one example showing you the difference between the three. But because this is what I just went over is theory. You know, it's good if you were able to follow, but what's even better. If I work an example showing you all three methods at the end of this recording, I'm going to remind you whether you're an accounting student or a CPA candidate, farhatlectures.com is an alternative resource, a backup system to your CPA preparation. You're going to learn, you're going to invest in yourself once for the CPA. Once you pass it, you no longer have to renew this investment. So do it wisely. Don't shortchange yourself. The CPA is worth it. Your risk to try me is one month of subscription. Your potential gain is passing the exam. Good luck. Study hard. And of course, stay safe.


Hey guys, this is rich from rich TV live and today I want to talk to you about an article that was talking about how Big the cannabis sector is going to become this was written and produced by B&M Bloomberg and The title is global cannabis market could be worth up to 130 billion by 2029 says Jeffries the global cannabis industry could be worth as much as us 130 billion a decade from now if a wave of legalization sweeps the US Europe and Latin America According to report by New York based investment bank Jeffries Group LLC Which initiated coverage of companies several companies in the space on Monday Jeffries projection for the global pod sector is based on the prospect that in the coming years The US and all the countries in Europe and Latin America will legalize cannabis for recreational and medical purposes As well as the potential penetration of other industry sectors in those markets such as pharmaceuticals alcohol health and wellness and pet care This is I'm going to show you guys all The major markets. Okay, so these are the major three markets. This is the tier three Market of cannabis companies and look a lot of green yesterday These are the smaller companies that are on their way up and almost every one of them was green yesterday secretly quietly making big moves now That is the smaller LPs. That's the tier three This here is the tier two LPs as you could see hexo was up 3% New strike was up slightly only 1% only at 45 cents the cheapest of all these companies Fire at $2 was down 1% and chrono's group at $29 in Canada was down 2% And if we look at the top tier one LPs Organogram led the way at $8.85 up 4.86 percent Aurora cannabis was second at $10 and 37 cents of 1% Can it be growth at $60 up slightly and Can trust after going to the senior exchange down slightly at $11 and 13 cents and aphria Down 1% at $12 and 76 cents. So the entire industry has so much upside and the liberal the liberal eyes The liberalization of the cannabis space in those markets is estimated to be worth about us 80 billion by 2029 and is added on top of Jeffrey's base valuation for the global cannabis industry of us 50 billion by 2029 a conservative figure that only includes the 22 countries that have already legalized marijuana for medical or recreational purposes And we know in 10 years. It'll probably be at least double if not triple the amount of countries For the sake of prudency and due to a lack of visibility around the likelihood and timing of law changes in other markets These projections only capture major markets and US states where cannabis is currently fully legalized the wide-ranging 254 page report authored by Jeffries analyst Owen Bennett and Ryan Tomkins said given the prudent approach to our base We would flag a reasonable chance that numbers could actually come in ahead of our projections, and I believe they will With its more conservative us 50 billion valuation Jeffries expects the US will emerge as the biggest cannabis market in the world by 2029 worth us 21.7 billion compared to its estimate of just US 5.8 billion for Canada. Wow, that's four times the size I believe it'll be more than four times the size because it's ten times the population I think it'll be more like ten times the size of Canada once it once it ramps up The rest of the world's pot market is estimated to be worth just three billion in the next ten years American the firm added Not sure if I agree with that number Jeffries also took into account the value of the current global illicit market, which it estimates to be between us 150 billion to us 200 billion the current legal cannabis market is valued to be us 12.3 billion which would make today's total pot market worth up to 210 billion Wow the above scenario materializing any time soon is highly unlikely However, Jeffrey said first you would need all global markets to become legal And then you would require all illicit users to switch over both are not going to happen the firm initiated coverage of nine cannabis companies including canopy growth Aurora cannabis Chronos group hexo can't trust it views canopy and Aurora as being the best Paste the best place to dominate on a global basis in the years ahead The two biggest players in the world However, when it came to evaluating the value of cannabinoidal CBD market, Jeffries took a more bearish perspective perspective relative to other forecasts Jeffries expects the global CBD market, which is likely to be focused on the US for the near future worth us 3 billion in the next three years and just us 4 billion by 2029 The forecast differs from a separate report released by Cohen and company on Monday That addressed the growing us CBD market forecasting it would be worth us 16 billion by 2025 I agree with Cohen and company way more than Jeffers I'm not sure where Jeffries gets their numbers CBDs is going to be ginormous Up from about us 600 million last year Cohen analysts derived that figure by assuming 10% of the US population would use CBDs products and spend an average of us 640 per person and I heard a report saying they're already seven percent of all us residents Are currently using CBD? So I don't think going from seven percent to 10 percent in the next six years is unheard of It might even be higher by then We view this estimate as somewhat conservative as we can envision a scenario where a consumer that uses a CBD tincture or capture Capsule may also be inclined to convert his or her beauty regimen to include CBD Example CBD infused beauty products and or use a topical for targeted relief as well Cohen said in its report last month Canopy growth announced its formal entry into the u.s. CBD market by pledging to spend up to 150 million us American dollars on its first production facility after was granted a hemp license by new york state Meanwhile in the neymal bc base tillray ink has recently announced a slew of CBD product deals including its acquisition of hemp food maker manitoba harvest for 419 million and a 10-year revenue sharing agreement with Brands group. What do you think of this news? What do you think about this article? The future looks bright for the cannabis sector whether it's cannabis whether it's cbds The future looks bright and look how many companies there are to watch Look how many companies there are to invest in and look how many companies there are to buy And don't worry your boy rich will be watching them every single day will be hunting bottoms And we'll be watching for momentum every single day now if you're not winning you're probably not watching This is your boy rich from rich tv live. Thank you for watching. Smash that like button Comment down below now. Remember rich tv live is strictly for education entertainment purposes Always do your due diligence always do your research before you invest in anything that we talk about here in rich tv live Past results are not an indication of future performance. Thank you very much for watching. Please Follow us and join our secret groups. This is our social media platform absolutely free to join 643 members. Please join and welcome to the group and you can also join our fast-growing Telegram group 313 members worldwide talking stocks 24 hours a day seven days a week Look, it's a saturday and there's 12 people online talking right now Join the action absolutely free where we can break down the news break down the winners And if you have any questions concerns queries, feel free Holler at your boy. It's your boy rich. Just find us rich tv live everywhere on all social media You can go to our website www.richtvlive.com See all the trending news This is your boy. I'm out. Peace


Hello everyone, my name is Li Jia, I'm coming from China, but currently I work in Berlin, a Federal Institute on Material Testing and Research, and now I'm in the first year of my PhD. My research topic is about quantification and the value of information for deteriorated structures, so I'm mainly dealing with bridges and wind turbines, and I find this training school is really useful for me, because it's just into my topics, and I get a lot of trainings of every aspect. And also this training school is well organized, so we get exercise after the lectures, so it's about you deeply learning from how to use it, put into applications, so it's not only going one year and out in other year, you learn things by heart, so it's a really intensive process, it's quite challenging, but you will definitely learn a lot. So I really enjoy this kind of training school, I know a lot of experts, professors, and also new friends with other PhDs. I think that will help me to be a good PhD life in the future, yeah.


Good afternoon everyone and welcome, welcome to JCP the stocks will show play of the day. Doesn't look like much here but actually this was a really nice play today on a day when there really wasn't much to do. Monday morning you never know what you're gonna get exactly because you don't have earnings the night before. It's the weekend, Mondays are usually slow to get the volume into the market into stocks but I spotted this today and you know it was a really good read that I had on this right out of the game and I don't even know how I saw this was gonna do this today but but I did. I saw there was a nice short. I've been seeing this was gonna be a short like any second and it was a short all up here under this red level of resistance and I knew it was gonna be a short even after this move here which I called like about a month ago but you know today that I gotta hand it to myself and this was a really nice read of this price action here today from where the stock open because it actually is a continuation of the overall move of this chart but this actually gapped up today. Okay so the stock closed at Friday at 770 and gapped up this morning but I shorted it anyways because I saw it was still lower and had the follow-through and it is still lower. I had a nice exit on this a very easy-peasy play today in JCP but a nice risk to reward even did the ad which was kind of aggressive considering that this is not a bearish down gap today it's really a continuation of the overall chart here of this stock being weak and I just had a really nice read on this today more and more as I am developing into a more detailed reader price action I'm spotting things so easily in that first reaction of the morning period of the day of how a stock trades and acts at certain numbers to see what it's gonna do and it's the overall level of this thing. You can see here where the stock gapped up this morning but it gapped up because the market gapped up and it gapped up right to resistance and it held and fell out of the gate right of ways into the morning period. So the stock had a quick short in here in the morning you could have gotten all out down here into 9.45 or you could have been all day and actually was in it to get the move to see where it was going to go actually did not break the low of Friday 753 was a low today 752 was a low on Friday this is still lower though on the overall daily chart you know the next number for this is here but actually now that if it breaks 750 or once it breaks 750 I think it's gonna go right down to $7 and here's the thing I don't know how this is gonna set up the stock may just gap under 7 or under 750 and go or it could trade under it on the day I don't know but there it's definitely gonna break 7 the thing is I mean when that happens the stock collapsed or all the way down here to $6 I mean it collapsed all the way down here to $6.30 or $6 once it breaks this area so anything's possible for this the stock can have a big move this bar over here the day this thing collapsed was you know this is a $1.70 something for that bar so yeah I mean this is very possible that once this breaks 7 this could come down here to six bucks I just don't know how it's gonna formulate itself and I'm definitely watching it nice short today in JCP let's go over the one minute chart and had a great exit let's go over the one minute here so this is one of these charts where you watch the stock you're waiting for it to break you could be in this as a core swing trade or a long-term trade you could be in this so many different things watching every day for a day trade doing as a swing trade doing as a core trade there's so many different ways to play this stock again I like to do day trades but I called the swing trade and the core trade in this and it's on the way to the target at six bucks and and further actually so the aggressive short in this would have been right here under 93 I saw it as it was hitting here at 90 and stop would have been over the high of the day waited till came all the way down here to see if it rallied some and then did it here at 84 this would have been very aggressive to do but I saw it setting up and I called it here at 90 so 84 initial stop I wanted to give it enough room okay but you could have had it tight here actually this would have been fine if this held all day came in came in came in and again it was just a nice easy trade that fell over fell over and did the ad here actually did the ad on the 60 did the ad here in the 60 minute this is late okay and then I lower the stop I lower the stop two pennies over the original entry price okay so you could have actually taken the trade not done the ad just lower the stop to break even and gotten the whole move okay so from the original position size it was a full 3r trade and then if you did the ad you would have even made it better because you could have doubled your position size or more actually taken this down to lower the stop taken more to try to maximize this full-on move here which is only 20 some cents but again if you do the ad and your price was at 85 and then you added at 75 as that ends up being much better and then you're lowering the stop and you have a smaller stop so I was watching this area down here because the day was getting late to see if it was going to break Friday's low I want to double the bottom there and it didn't and as late in the day it was I just got out so it's a nice trade here in JCP we watch this again tomorrow again I don't know if this sets up where it breaks by gapping down or just continue to trade down that's like here I'll show you here it is double bottom 315 reversal time one penny over the previous bars high one penny from the target from Friday from the first target out just perfect exit every once in a while you get a perfect exit something because it goes right to a number at a time and does everything it's supposed to do it tells you should get out and that's really what this did today actually did that Friday in the afternoon trade Friday to if you did in the afternoon Friday so I had traded this Friday in the morning you could have traded it all day Friday today ended up trading it all day just because I was waiting for it to break in a paid it was a nice trade here and start out the week again it's earning season now second quarter earring season really gets going now this week where there's going to be lots and lots and lots of things to do starting like Tuesday night into Wednesday and then it's just going to be busy busy busy for the next six to eight weeks which will be wonderful and fabulous to trade gaps so be on look out for this JCP it's going to break $7 and I think when it does it falls off a cliff it's very important though when you're doing something like I did today that you know how to read price because this was this was not easy today I don't know how I even saw this was going to work today but I did and sometimes I just see something in the live moment when it trades see the number see how it hits read the chart and go for it and that's what I did today it's just you know combination of how I know how to read charts price and gaps and again this was a gap up today but it is a bearish chart no one should be buying JCP at all it is a short it is a definitive short and the nice thing about this chart is that I really am following the institutional selling and shorting the stock there was no institutional buying that made this gap up here or the screen bar here okay the power and the momentum of the institutions in the stock is to the downside you always want to trade with institutional moves and money that's how you will make money that's how you get momentum that's how you can take entries like I took today and something like this that was you know very aggressive for the overall picture of the position of the chart of the gap today in this it was aggressive to do but I'm waiting for it to fall off a cliff and it's going to do it just soon here I know and even if it relies back it's not going to recover and it will break this area it's you know this thing is on its way down really nice short in JCP today and Friday as well follow through move the nice chart in this again following the institutional selling and shorting in the stock in JCP this is Melissa with the stocks which calm if you would like to learn how to read price action gaps and overall trends in stocks email me at Melissa at the stocks which calm this is a really nice chart here in JCP the next golden gap class is April 26 and 27 if you'd like more information on how to sign up for that class to be able to learn how to trade gaps for second quarter earnings season here in April and May then feel free to email me at Melissa at the stocks which calm thanks everybody and have a fantastic day


Cairo is probably more important to ancient history than we have yet to discover. The city is constructed on ancient ruins of which are mostly unknown because the masonry was used to construct the city. The fabled Lost Fourth Pyramid was torn down for the purposes of building Cairo, and the sheer number of times that its residents have come across tombs and lost treasures is enough to at least suggest that Cairo is another city built upon the ruins of the gods. Think about it, the Giza Plateau is right there, then there is Cairo, but the city is modern and is not known to always have been there. So what was there? What is there? More importantly, is Cairo's purpose built on top of something of historical importance? Is the city a giant canopy? Wait, do you hear this? To begin to understand, we must first try to understand a little bit about the history of Cairo. The Old Kingdom of Egypt is also known as the Age of the Pyramids, or Age of the Pyramid Builders. It is a time that is mostly forgotten and surviving only in the form of the megastructures we see today. The historical records of this period are scarce and so-called historians regard the history of the area as literally written in stone, and largely architectural in that it is through the monuments and their inscriptions that scholars have been able to construct a history out of their short-sighted biased educational process which, as we know, is flawed to the point of a fruit that has rotted. The pyramids themselves relay scant information on their builders, but the mortuary temples built nearby and the later Stila, which accompanied them, provided kings' names and other important information from the dynastic period. It is therefore through the dynastic period of Egypt that we have to reinterpret the earlier kingdom, just as the dynastic Egyptians themselves had to interpret the kingdom they inherited or found as it were. Inscriptions in stone found elsewhere from the time record various events and the dates of which they occurred. Finally, the tomb of the last king of the fifth dynasty, Unus, provides the first pyramid text which shed light on the religious beliefs of the time. Religious beliefs are thought to have emerged based on actual events of the before time. This is a time that the gods walked among us and is what we may refer to as myth, but there are the oral stories that were inscribed during the re-emergence of Egypt. So what was Cairo? It wasn't a barren wasteland, it was something, right? It may be notable to tell you that Cairo is named after planet Mars. Cairo literally means conqueror and when it was founded, Mars was rising, the conquering star. There is also a suggestion that King Tut's wound was inflicted not from a carriage, but from crash landing at Cairo in a spaceship of sorts on his way back from a trade agreement with Mars. We know that sounds absolutely insane guys, we don't need to be told. The origins of present day Cairo trace back to the Egyptian capital of Memphis which is believed to have been founded in the early 4th millennium BC, near the head of the Nile Delta, south of the present city. Memphis spread to the north along the east bank of the Nile and its location has commanded political power ever since. It was there that the Romans constructed their city called Babylon, Muslim Arabs who emerged there from the Arabian Peninsula in 641, later called the site Al-Fastat. When a distant branch of Muslims known as the Fatmid conquered Egypt in 969, they established their headquarters in the city and called it Al-Kahari, Cairo. In the 12th century Christian crusaders attacked Cairo, but they were defeated by a Muslim army from Syria led by Saladin who founded the Ayyubid dynasty in the city. The Mamluk established their capital in the 13th century and the city became renowned throughout Africa, Asia and Europe before it declined after the mid 14th century, however when bubonic plague struck the city it decimated its population. The Ottomans conquered Cairo in 1517 and ruled there until 1798 when the area was captured during an expedition led by Napoleon of France. Ottoman rule was restored in 1801 but by the middle of the 19th century Egypt's foreign debt and the weakness of the Ottoman Empire invited greater European influence in Cairo. The viceroy Ishmael Pasha who ruled from 1863 to 1879 built many European style structures in the city and used the occasion of the opening of the Suez Canal northeast of Cairo in 1869 to showcase the city for the European powers, however much of the development that took place during this period was funded by foreign loans which led to an increase in the national debt and left Cairo vulnerable to control by Great Britain. The British effectively ruled Egypt from Cairo from the late 19th century through the period after World War I when the foreign presence in Cairo began to diminish. Though the pyramids at Giza, Sakara and Dasher are located just outside of Cairo these vast monuments were not temples of modern Cairo, they are the ruins of a much more ancient and advanced culture that had vanished before the modern era began around 5000 years ago. They were already there. Modern Cairo today you may be surprised to learn is the center of a multi-billion pound smuggling operation. The antiques and artifacts that are being smuggled are coming from Cairo itself. Every few days or so there are more ancient artifacts found underneath the modern city. This is why we suggest that it is built upon the ruins of a much older city that has vanished into the abyss. It's all hushed up but every now and again we see signs of this black trade. When authorities seized a diplomatic pouch at the port in Naples they weren't expecting to unearth a plot more suited to an Indiana Jones movie. The pouch which was discovered in March last year hid an eclectic assortment of Egyptian antiques colorful pharonic mummy mask nearly 200 small artifacts and more than 20,000 coins. The loot had been stolen from Egypt and it was clear that powerful and connected individuals were involved. Smuggling of antiques is a trade nearly as old as the artifacts themselves but for Egypt the trade has escalated since the Arab Spring and social media made it easier to access hidden treasures. The crisis is so bad it can be seen from space. Satellite imagery of archaeology sites before and after they were looted show massive craters in the ground where artifacts have been stolen. And there is big money involved. The US based antiquities coalition has established that since 2015 30 billion dollars US worth of Egyptian antiquities has been illegally smuggled abroad. Even with all the constant looting and smuggling the vast amount of artifacts under Cairo and the surrounding area is still only 10% excavated. For thousands of years we have tore and prodded these things yet there is still 90% hidden under the sand. What does that tell you? We are mostly aware that Cairo is one of the power cities of the modern world. It is a tourist hotspot and thrives from the lure of the surrounding wonders but Cairo is also a very special city in the fact that it stands alone as the city that may hold more secrets to our ancient past than anywhere else in the world. Think about this, Cairo is surrounded with the most ancient structures on this earth from a time we are obsessed with because we are pretty much still in the dark as to what it was. Items of historical interest that have been found in the modern city continue to defy logical understanding. The city is built upon a ruined ancient site that was swallowed by the desert over tens of thousands of years. So is it any wonder that the great lecturer and author Robert Beval is quoted as saying that in the dead of night and all night long when the city is quiet enough, Cairo is filled with the sound of the residents digging in their basements for ancient artifacts. It is a strong statement and a shocking one to think that in Cairo's city all day and night every day of the year there is constant digging and looting of these ancient things taking place. The result of this is a billion dollar global trade that has been going on for, well God knows how long. If these things are worth billions yearly then over the past 100 years alone we are looking at a figure in value that is hard to even consider an existence of. If we were to tell you that the black trade has generated a number in excess of quadrillions of dollars you are hard pushed to even imagine such money even exists. This of course has been the fuel of the super city a constant disregard for history has seen Cairo flourish. It was once the colonial powers who benefited from these riches and it makes you wonder that if they are still finding things daily even after thousands of years of theft how big was the ancient empire and are we grossly misunderstanding the sheer size of the ancient civilization whom produce these things on a biblical scale. The city is a contrast of ancient and new east and west. The pyramids of Giza near Memphis stand at the southwestern edge of the metropolis and an obelisk in the northeast marks the site of Heliopolis where Plato once studied and is credited to have learned of Atlantis at this location. Between these extremes are other architectural monuments dating from Roman, Arab and Turkish times. The city of Cairo has been a constant place of interest as long as our history will stretch and you would be forgiven for suggesting that this is the center of the world. The Great Pyramid is located at the exact intersection of the longest line of latitude and the longest line of longitude, coincidence we think not. Some 5,000 years ago Memphis today lying mainly in ruins was a thriving metropolis. According to a commonly accepted tradition Memphis was founded about 2925 BC by King Minis who supposedly united the two prehistoric kingdoms of upper and lower Egypt giving us the dynastic period of Egypt. This unification was important. The original name of the city was the White Walls and the term may have referred originally to the King's palace which would have been built of whitewashed brick. In addition to crediting King Minis with the unification of Egypt by war and administrative measures, a tradition appearing in the term Papyrus and the history of Herodotus credits him with diverting the course of the Nile in lower Egypt and founding Memphis, the capital of ancient Egypt during the Old Kingdom on the reclaimed land. The emergence of the Great Kingdom clearly left its mark on history but we need to remember that they were not the first. There was a break between civilizations in the region possibly as much as thousands of years between the cataclysmic event roughly 12,500 years ago and the reemergence 5,000 years ago. The bit in the middle was possibly a dormant period where the great monuments and pylons were just sitting there awaiting the survivors to rediscover them. And that is what the dynastic period of Egypt was, a rediscovery, a reinterpretation and a rewriting of history. This is becoming more clear to us every day. Incredibly it is as if we are only now beginning to awaken to these truths. The possibility doesn't lie in the question of the dynastic abjection, it is in the watering down to fit history into these times. The force fitting of the timeline, the squeezing of every single piece of pottery and brick into a period where it is known that not only did they not have the tools and equipment available for such undertakings, they also lacked the envisioning of such projects and even crude replications are embarrassingly far short of the workmanship of the great monuments. That alone is enough to question everything. It's unknown if we will ever know what took place on this earth before the ancient cataclysm, but it's clear they were advanced, almost beyond belief. The looting of course is rife. You can go online and pluck stories left, right and center of the scale this is on. In fact it's off the charts and vastly unknown. Nearly 30 ancient Egyptian artifacts that narrowly survived the Arab Spring uprising in Cairo in 2011 have gone on display in Cairo. The exhibition entitled Destruction and Restoration includes 11 items that have been stolen from the Egyptian Museum. 18 other artifacts have also been restored after being damaged or destroyed by looters. They include three priceless statues from the era of Pharaoh Tutankhamun. One golden statue depicts him spearfishing from a boat on the Nile while other treasures are from the era of Pharaoh Akhenaten. 54 artifacts went missing from the museum when looters broke in during the first days of the January 11 uprising that toppled presidential Hassani Mumbarak. A mummy that had its head torn off during the looting has now been fixed, with experts using methods from the time to reattach it. 25 of the pieces have since been recovered, though several are still unaccounted for. Mohammed Ibrahim, State Minister for Antiquities has insisted that none of the missing artifacts have been taken out of Egypt and that authorities were still searching for them, but these are only a few known items that were documented. There are countless undocumented treasures all over the world, and still 90% of these things are still to be discovered hence the constant digging of the basements and desert at night. It is sad guys, but there is still so much left to discover and we can't change the past. There is so much to consider about Cairo, the obvious being the Giza Plateau and connecting Saqqara and Acropolis. There were possibly canals that linked the entire area that have since been swallowed by the sands of time. You can let us know below what you are thinking guys, and as always, thank you for watching.