All right, you're on the Mind Pump channel, but today is the second installment of Mind Pump presents. We have Adam Lane Smith on. He's a relationship expert. He's an expert on attachment theory. You loved his first one. Here's a second one. This one's talking about how to make friends, how to get out of toxic relationships, how to avoid toxic relationships. Adam Lane Smith is so impactful that we're literally letting him have his show on our channel. And so this is a second one that we're doing. We know you're going to enjoy it. Today's giveaway is the RGB bundle. Do this. If you want to win it, leave a comment below this video in the first 24 hours that we drop it. Subscribe to this channel. Turn on notifications. If you win, we'll let you know in the comment section. We also have two days left for our program sales, maps, bands, half off, the hardgainer bundle of programs, half off. If you're interested, click on the link at the top of the description below. All right, here's Adam Lane Smith. Welcome back to episode two. We're going to be fixing your attachment today, especially in friendship. Today we're talking specifically about attachment in your friendship and why friendships are so absolutely vital to your well-being. They might be some of the biggest impact in your life that you will ever have in any factor, and so many people take friendship for granted or they don't think it's important. We're going to talk about fixing that today and everything you need to know to either fix the friendships you have or find entirely new friendships if you're running aground right now. We'll figure it out. I'm also going to teach you the easiest method for making friends, something that I teach to people who come in who have not had a good quality friend for 10 years. This method is so easy that children can do it. In fact, children do do it.  It'll be cool. We'll get you there. So specifically in this video, I'm going to show you how to make new friends the very easy way, how to make sure that your friendships are quality. So we're going to filter for toxic versus healthy. I'm going to show you how to improve any old friendships that you have, a very specific method I call the anxious person speech. I'm also going to show you how to nurture those new friendships that you're going to be building and how to grow your friendships over time. A big key part of this is also that I'm going to teach you the four levels of trust that's going to show you how and when to deepen a connection with somebody so that they stay with you for the test of time. You're going to understand how to make friends, but people want from you and how to maintain friendships for your entire life. So let's get right into it. First, let's talk about the big, big problem. Loneliness, friendlessness. I don't know if you even knew that friendlessness is a word, but it is friendlessness. The lack of friendship in your life may be one of the biggest pain points you're experiencing, even worse than dating, romance, parenting, everything else. It could be friendship that is ruining things for you. Now, the research shows that 33% of millennials aged 24 to 42 is so crushingly alone every single day that they are depressed. They are miserable. Now, this is the most extreme cases in that group, but that doesn't even count the people who are just pretty unhappy about being lonely. The vast majority of millennials are crushingly lonely and unhappy and a huge portion of Gen Z and a giant portion of Gen X and Gen Y, even baby boomers. Everybody is feeling the pinch at losing friends, having no friends, feeling lonely and feeling like you are the only one. A lot of people look around and they think everybody else is out there having a great time that everybody else has friends and that it's just you sitting all alone in your apartment on your couch right now listening to this miserable. That everyone else is having the time of their life and you are all alone and left out. Everybody feels that way, which should tell you a lot. We're going to talk about how to fix that exactly. Loneliness, did you know, is one of the top cited reasons. In fact, it's the biggest cited reason for depression and suicidal thoughts is being lonely. If you have good quality relationships, your quality of life goes way up and it just doesn't just get better from misery. It then goes up into great, wonderful territory where you are fulfilled. You can have that legacy, that 240 that we talked about. You can do all of that connecting. It comes a lot of it from friendship. Men especially are hurting. Men especially are crushed by this. Women are lonely, but they can get by. They can build relationships. People will build relationships with women. If a woman walks out of her home, people try to talk to her. A lot of men don't. A lot of men have no one to encourage them. A lot of men have no physical contact. I hug all of my male friends every time I see them because it might have been the first hug they've had this year. A lot of guys, they grow up and they hit seven, eight years old. People stop hugging them and then people never hug them and then they are all alone and maybe they get a handshake. Maybe they bump shoulders with somebody once and it's the first piece of human contact they've had in a long time. Friends are good for physical contact. They're good for your mental health. They're good to have deep talks with. When you're lonely, you have no one to talk to about anything, about the deeper stuff, even just about your hobbies. Talk about video games, talking about going out, having, doing fitness and working out together. Go to the gym together, watch a movie together, do anything. Every meal is alone. Every activity is alone. Everything's alone. You're all alone in the world. There's no accountability. There's no support, no encouragement, no nothing. How are you going to maintain anything? How are you going to build? How are you going to grow without friends? Friends, I will argue, matter more than having a romantic partner. I've been married for almost 15 years. I love marriage and it does. It does impact your life in a giant way. But your friendships change everything through the course of your life. So the first step we need to do with you is assess what you've got. Let's figure out what you actually have because it may feel like you have nothing or maybe you think you have a bunch and you don't know why you're unfulfilled. Any of the friends in your life right now, let's start thinking about them. What's that more? What is their moral character? What is their moral character of the people you have in your life if you have anybody? Do they follow your values that we talked about? Not are your values more important than theirs, but do they keep to your values? If honesty is the most important thing for you, do you have friends who are honest or are all of your friends liars? If discipline is really important to you, getting up, doing what you're supposed to do, going to the gym, taking care of yourself, going to work, and all of your friends are complete bums who sponge off of other people. How's that going to go? Can you respect your friends? Can you trust them? Do you even really like being around them? Do your friends have a mission? What's their purpose in life? What are they pursuing?  Is that their plan to do that forever? Do they act with honor? If a crisis hits, can you trust them to be an honorable person who does what is right for everybody involved based on those values? Or are they going to collapse into fear and then give in to all the temptations, greed, selfishness, self-preservation, taking money from you and justifying it? What are they going to do when a conflict hits? Are they transparent? Do you know who they are? Are they pretty clear and honest? Are they reliable to be who they are? And how do they handle criticisms? When you have to tell them something harsh, something rough, something true, how do they handle it? Do they get defensive and angry? Do they begrudgingly thank you for it and mean it? It hurts, but they mean it. And then they take that criticism well. I once had a friend who pretended to keep to his values and my values and he begged me for a chance to make his life better.   We don't need your money. You need to build a job. You need to build discipline. You're going to take, go with us. You're going to go out with us to various events. We're going to take care of you. We're going to show you. I will guide you.   And he said, yes, I need this. Thank you. I was young enough to believe him. So he lived with us for about six months. In that time, he got way too comfortable and slid way back into who he was before.  Quit his job, hid that behind my back. Just barely started sliming through life, begging money from other people. And then eventually started taking things out of my home and selling them for side cash. We were wondering why things had disappeared.  If you being here is too comfortable and it's ruining your life, I need to be your friend and move you along. And he didn't take that well either. Destroyed what was a fake friendship. But it saved me from having that person in my life at the same time. So I've also had very, very good friends that when they fall short on something I go and say, look, you are better than this. I know you are. And you need to take care of this.  Here's who I know you are. What do you want to do about this and how can I assist you in living to that? And they grit their teeth and they thank me and they do it. And those are good friends. Who are the friends in your life? We're going to have to filter that really quick. Now questions to assess the people in your life. When you have a conflict with them and you have in the past, how have they reacted? When you have had a need and you've asked them for help, how have they responded? Now, these are needs. It's not, hey, bud, can you spot me five bucks? This is, hey, I am devastated right now because I lost somebody important in my life. And they say, sorry to hear that, man, but I already have a movie date planned with this new hot chick. You can go cry at home for a few hours after your mom has died today. Were they there for you when you needed them, really needed them? Hopefully you're there for them when they need you to reciprocate. But how do they treat other people during a conflict? When their convenience or pleasure comes into play with a need, how do they treat you? When they're stressed out, how do they treat other people? Maybe not even you, other people. How do they act in conflict? Observe them because how they treat others is how they eventually will treat you. This is why I will never be friends with a man who is cheating on his wife. Now, I'm not saying I would never be friends with a man who has cheated on his wife in the past and is now saying, that was wrong and I know that that was wrong. Here's how I've said it right. And here's who I am now. Okay, great. Now he's a good man. Great. But a man who is currently cheating on his wife and she has no idea and they've got kids and he's currently doing it and lying about it and hiding it. I would never be his friend. Now I will call him out on it and say, bro, this is not who you are. You need to fix this. But if he won't step up to that, he will eventually treat me that way in some way. It's just how people work. Be aware of it. What are your friends' stories like? Listen to the stories that people tell. Are they problem saturated stories? I worked many, many years as a licensed marriage or family therapist and I studied something called narrative therapy. And in narrative therapy, we talk about people who have problem saturated stories. Everything is somebody else's fault. Everyone is out to hurt them. Everyone is out to get them. Everything is awful. Nothing is their fault and it's all doomed and hopeless anyway. So it's all based on fear. If your friends have problem saturated stories with everybody else that they've ever known, they will eventually turn you into a sob story too if they haven't already. When you have a need, they will use your story as means to get empathy, kindness, and resources from somebody else to feel better about themselves. Do your friends take ownership? If something goes wrong, do they say, this was me? I made this happen. Here's how I'm going to set it right. They don't have to beat themselves down. They don't have to grovel and be wretchedly miserable. Do they take ownership? And can they be merciful, cooperative, and loving when it counts? Do they cooperate with you during a conflict? Are they merciful to people? Are they merciful to people?  And loving has to find love. It means to do what is truly right for somebody else, especially when it costs you something. Do they do what is truly right for everybody involved in the circumstance themselves and others?  Do they love other people? Good or bad? Rate the friends in your life. If you aren't sure about any of these or if you're too afraid to ask about them or share your needs with people, the problem could be you. You need to go back and listen to episode one again and fix that. You need to make sure that you are on point and you're actually asking people questions and making sure you're sharing needs. Otherwise you'll have no idea who the people in your life are and they probably won't have any idea who you are either.  So fix your attachment and lean into this. But if you do know these things, you need to make sure that you know these things about these people to see if they are worth your time and trust. The questions I just laid out tell you if somebody is worthy of your time and trust. So start leaning into conflicts. Little ones. Don't go punch your best friend in the face unless you guys bond that way. Don't just go start a conflict. There's plenty of conflicts out there. I don't want to eat at that place. I'd rather eat at this place. Is it okay if we make a shift this time? We always eat at that place. Can we try this place for me, man? Hey, I can't see you that day because I have this thing going on. Is that okay? Hey, can we shift this to another night? Hey, I need some help from you. Hey, can you help me out by giving me a referral to somebody who can help me in business? Lean into those and do them and see how they act because you need to know immediately what the people in your life are actually like. Now, if anybody crosses these things we've talked about consistently, they're probably not good to have in your life. I'm not saying they're evil people, but they are probably not good to have in your life and that's a big reason why you are watching this series trying to fix your life. If you have a great life, great friends, great attachment, you probably say, I don't need to watch that series. I'm okay. But if you are not, you're watching this, you're like, I need this. Take a very close look at your friends because your friends may be a big portion of why you're here right now trying to watch this and trying to get better.  So you're going to have to make a decision about those friends down the line. And I'm going to show you how to make that decision right now. All I want you to do is start with two, two people in your life that you can trust. You only need two. See if you have two. If that sounds like a whole lot of people, then we can show you how to make new friends. If you're sitting here saying Adam, two people would be a miracle. Okay. Then that's your problem. That's your problem. I just saw a creator online today on Instagram and she was posting about the number one dating criteria that a lot of women use if they're looking at you for a committed relationship. And she said it's your social circles. It's the people in your life. It's your relationships. It's the people you connect with. That tells her how you're going to treat her and the seriousness you use in your relationships. So many guys get this wrong. So if you're excited about the dating portion of this series down in a couple episodes, build your social circles first because that's the criteria that healthy women are going to look at. Now you need to have two or three good people in your life to fix your attachment issues. That can be your friends, could be your family, could be your romantic partner. But if it's your friends, that's so much easier. I coach so many people fixing through their attachment and friendship is the number one place most of them start because the stakes feel lower. You're usually not trying to sleep with your friends and they're not your family. You haven't formed problems with them. They're a comfortable neutral ground to begin fixing your attachment with where the stakes are lower at the same time. Friends are the best starting place for fixing your attachment. I had somebody come into my office one time and say, Adam, I need help fixing my attachment. And I said, do you have one friend? Just one friend that you can open up to. And they said, I don't know. What does that mean? So I walked them through the guiding questions that we just picked out and they said, yeah, that is a good person. I have one person like that. I've never met anybody else and I always have been because I feel so fake. This person, by the way, ran a hundred million dollar company and was the CEO and had built that.  They had built a gigantic company. No friends. I pointed them at their friend, taught them the conversation to have and they had it and they cried with relief. They cried with relief because they finally felt accepted by somebody in their life. That was a friendship. That's what I'm going to show you how to build through the course of this episode here. Keep watching. Write down right now, anybody in your life, anybody who is a good prospect to open up to and to build those connection points with. I'll show you how to do that. But right now, people who have passed all of these tests so far that we've talked about, write down their names. Give me some names on a piece of paper or on your phone. Write down the names of prospects in your life that you can talk to. Write down the names of a person for you.  I teach this inside my coaching. It's in the attachment bootcamp course. It's in my book Slaying Your Fear. It's everywhere. I teach this because it is the core of testing a relationship and it's the core of fixing your attachment. Everything begins right here. The I am an anxious person speech. If possible, do this in a video call. If you have to, but in person is very best. Video call second over the phone must never over text message. You need to do this in person. I am an anxious person speech. You need to be in person as much as possible or visible. The nonverbal cues are crucial. So you're going to go to this person and set them down and say this roughly. You may already know this about me, but I'm an anxious person. I overthink relationships all the time. I try to tell people what they want to hear.  And I know it's irrational and I know you wouldn't do that, but I keep trying to find myself, keep trying to do it. And I hate it and I never want to do it again.  I just always want to be honest with you and no more games on my part ever again. Is this okay? I'm not saying this and your heart is pounding out of your chest and you're thinking, Adam, I will never do this. This will make me miserable.  People will hate me.  You're not good enough on your own. Nobody really wants you. If you show them that you are fake people, trustworthy human being with a good value, good morals, good goals, good mission that they can trust. That's what you want, isn't it?   They're going to reject you. They're not going to be, they're not going to want you. You'll know that they don't. They're going to laugh your limbic system, everything. So you get into the conversation and about three seconds in they'll be leaning forward. They'll look sympathetic. Their pupils will dilate a little bit. They'll be looking at you, listening to you very intently. They'll be caring about you and your brain will start to calm down through the nonverbal signals. They'll get through the conversation by the end of it. When you do this with two people, three people, this is what really starts fixing your attachment at the beginning and you can feel the relief, your chemicals will shift, your whole brain will shift.  I should never try opening up like this ever again. When you open up the second time with somebody, your brain will freak out and say, no, this is 50, 50, I don't know. Then you'll do it a third time and your brain will freak out not as much and then it'll work and the person will accept you and still care about you and your brain will calm down again and then it will say I've been wrong all this time and then it will start rewriting all its pathways and then every honest interaction you have with somebody from that point on will start to heal you and you will start to say at least there are some people in this world who have been every human, not saying that, but you will at least feel loved, you will at least feel worthy and you will at least feel accepted. This is a process called systematic desensitization, which is a fancy way of saying doing it over and over and over until your brain stops being scared. I had this work with systematic desensitization works for just about everything. I worked extensively with trauma at that time. I would ride the bus with them because they were petrified of the bus. They were too afraid to leave their home to go grocery shopping or get on the bus. So I'd get on the bus with them and ride it with them.  So all they did the whole time was focus on how embarrassing I was acting and they forgot to be scared about the bus and afterward I'd say so and I'd say, okay, you want to do it again? Yes, but can you not talk as much this time? Yes, I can do that. So I'd sit quietly the second time and they'd kind of be tense. I'd say, you doing okay? Yeah, I'm kind of nervous. I'd say that's totally normal. It's all good. Don't worry about it. We'll ride it out. And at the second time, they'd be feeling better. Third time, so much easier. And after that they would laugh because they were never scared again. It's crucial that you have this experience with friends. This is one major reason that friendship is so important because you will have blips along the way, right? A romantic partner may cheat on you. Your parents may be screwed things up and we're really awful. Something bad will happen.  Your company will go under. Whatever is going to happen, your friends are the people that maintain consistent proof that there are good people in this world. People who you can trust. Mutual care between you based on values, goals, real, honest, good things. Friendship is the constant steady in your life and should be. Even if everybody else lets you down, your friends should not. And if they make mistakes, you forgive each other and actually make it right. Two parts there, very important. Here's what's going to happen though as you start making this change.  You're going to have very good oxytocin. Oxytocin is that thing that little babies get skin-to-skin contact. That's one reason why in the first three weeks if you get an almost no skin-to-skin because of NICU, you have low oxytocin.  Your brain is built for hunter-gatherer time. Sorry. Low oxytocin, you'll have very little throughout your life and you won't know how to get it. Vasopressin, really important. That stress is going to destroy everything so you just knuckle under to smooth it over as fast as possible and then solve problems alone or you solve problems alone because you're afraid people will victimize you during the process. So you have to solve it and you have to use other people to solve problems. That's more avoidant attachment. You won't get vasopressin bonding either. You definitely won't get, I won't do the middle finger. You definitely won't get GABA, Gama Aminobioric Acid, just GABA because that flows through oxytocin. Actually, an inhibitory neurotransmitter. It's an active anti-depressant and anti-anxiety medication that you're always taking as long as your oxytocin is high, which depends on your attachment. So if you have good attachment, you have good oxytocin, good GABA, good melatonin, and all of your brain calms down. It's literally your brain's way of saying I don't have to be scared or depressed because people love me and care about me so I'm safe. And if you don't have all of those things, ring finger. If you don't have all of those things, you have very much serotonin. Serotonin can release alone, but it can also release in a huge way inside healthy loving relationships. You probably don't have much if you have broken attachment and poor friendships. So of the big five, you have dopamine. You're binging porn, you're binging sugar, you're binging just about anything else to feel good. Dopamine is your course of fuel and motivation throughout the day. Interestingly, coffee.  It transforms your serotonin into dopamine. People wake up first thing in the morning and they're miserable in their life, but they pound that caffeine as hard as they can and sometimes sugar, Mountain Dew, anybody? Have you ever seen somebody really depressed, drink a ton of Mountain Dew? Sugar for dopamine, caffeine for dopamine. Then they watch porn. Then they just play video games and they just do nothing but escape. Dopamine, dopamine, dopamine, dopamine. When you fix your relationships and your attachment, all of them, you feel loved and connected to other people through good conversations, through hugs, through feeling relaxed and safe, oxytocin. You solve problems with other people, vasopressin. You have GABA flowing now and your brain is actually suppressing anxiety and depression symptoms so you can focus better and sleep better at night. You're getting better serotonin quality, which is your long-term motivation, long-term good feelings, long-term feeling good. And dopamine is still there, but it doesn't matter anywhere near as much. You fix all these things. Your brain chemistry is now amazing. You're going to feel better than ever. Doing this anxious person's speech, getting back to that really quick, it will prove to you that somebody will take you seriously when you have needs. It will make you feel accepted and loved and this overwrites all those old attachment beliefs that you had from your childhood, a bit. A solution-focused kind of sharing. People say all the time, how am I supposed to open up? How do I be vulnerable? This is solution-focused vulnerability. I am sharing with you because I trust you. I want to make a change. Here's what I don't like. Here's what I'm fixing. Can you still accept me? Yes, great, done. Vulnerability with a purpose, focused. Let me ask you this. If somebody came to you and trusted you, they said, I trust you. I want to connect with you more. I want to be honest with you. I'm sorry that I haven't been. I don't like this. I'm fixing it. Can you still be my friend? Can you accept me? Would you laugh at them?  What a burden. Would you spit on them? Would you jump out the window to escape? What would you do? When we could build a connection, I could do it back with them. They're going to feel the same. I have, quote, so many, so many people through this process now. Over the years, you guys, so many people, and at least half the time, people reciprocate and say, I feel that way too. What's that called? Attachment? I need to learn this. Thank you for telling me. Let's both do this together. Can you hold me accountable too? I have a friend who's a good friend. I went to one of my other good friends and did this with him because I was guiding him through the process. And he said it took him three drinks. And then he invited his friend out on the balcony and said, I have to tell you something. And as Fred looked at him, drinking hand, and he drank that, took another drink and walked through the I am an anxious person speech. And then paused and in a very high-pitched voice, screeched, will you be my friend? Will you be my friend? As rapid and high-pitched as possible. And his friend said, what? And he had to repeat it in a calmer voice. And his friend said, of course I'm your friend. And my friend told me he experienced such a rush of acceptance in that moment.  Such a rush of relief of being loved.  He had always felt like relationships happened to him. He had accepted a terrible marriage. He had felt so alone. And in that one moment with his friend who accepted him, it changed everything for him. Took him three drinks and a high-pitched voice on a balcony to get him there. But that's how his friend got him through that. And it was a miracle for him. Now, this is only the beginning. I am an anxious person's speech. It only forms the foundation of a good relationship with somebody. You deepen it from here. But this sets an easy point to return to during conflicts. You can say, hey, remember when I said I'm going to be more honest with you about conflicts? Well, I have to be honest with you. I don't like your new cologne.  Sorry, man, I told you I was going to be more honest. You can laugh about it. You can also say, hey, for me to be more honest, here's what I'm going to need. You can start sharing needs from here. And they can call back to this conversation with you and keep you kind of like, hey, man, you said you overthink things and you don't want to do that anymore. I see you right now. See the wheels turning. Just tell me what you mean. Quit playing around. Just tell me. You can both call back to this conversation. It's not about being perfect. It's about being accepted for being authentic and who you are, right? It goes back to the first six months of your life.  I talked about that in video one, video two. Here it is with friendship, fixing it. Lean into this with more testing. I'm going to show you more later on how to do that exactly. Now, what if you don't have any friends for this? A lot of you watching this might say, Adam, that sounds fantastic. I wish I had someone do the anxious person speech. I would do it right now, but I don't and I haven't had friends for five years. I'm so alone. I guess I'm doomed. It's a very, very, very easy method for making friends that all of us have forgotten and I'm going to teach you here today. It always, always works. This is pulled exactly from how kids make friends on the playground. They are super good at it. They run up to somebody else who has something in common with them and they say, hey, do you like dinos? I do too. Let's be best friends forever and they will form a 10 year friendship based on dinosaurs. Kids do this all the time. You can do this too. I'm going to show you exactly how this is going to work. They have no doubts. They have no worries. The same method can work for adults too. We just need to update it a little bit for adulthood and for 2023 or whatever year you guys are in right now. Maybe it's just a hundred years in the future. I don't know, but we will get you there. It can always be updated. Here is something you need to do. Pick something, anything, that has some kind of social component to it. This could be hobbies like games. It could be a craft like crochet. It could be like dancing, ballroom dancing, something like that, salsa, anything at all. It could be martial art. Brazilian Jiu Jitsu is for many men a miracle because they get to go there. They have an experience with other guys, physical contact, fighting. They make friends. Brazilian Jiu Jitsu is a huge social piece, even just apart from the physical aspects of it. The social connection with it can be incredible for some men who are very alone. Maybe it's your religion or religion you've been investigating. Maybe it's volunteering. Maybe professional networking in your career, learning skills, anything like that. Pick something, any of this list. Rewind, listen to that a couple of times. Pick something that has a social component to it. Now remember how I said 33% of even just millennials are so crushingly alone that they are agonizingly depressed. And the rest of them are very miserable and Gen Z is miserable and older people are miserable. Remember how I said everybody is miserable and alone? People go to social events to meet other people. Most people can do all of these activities I just listed completely alone in their home. They don't do that because they want to meet other people and be around other people. When you see social connections and social events happening, it is for the sake of connecting with human beings. That is what people are there for. So pick a social thing and go to any social event that is linked to any of those things you have selected. And then do the activity there. It could be as simple as board game night at your local game store. It could be joining a men's group at your church instead of just going on Sundays. Join the men's group and go there every Thursday or whatever it is. It could be going to a dance class, going to a ballroom dance class. So many men grow from this. You might be laughing right now but it's an incredible game changer. It could be growing, going to Brazilian jujitsu. It could be any of these things. Go. Do the activity. Every time you're there, talk to somebody about the activity you are doing. Like a kid on a playground. Hey, I see you're playing with a dinosaur. I love dinosaurs. Let's talk about dinosaurs for the next three hours.  Isn't this great? What are you doing there? That looks cool. Hey, tell me about that. Hey, what got you into this? Why do you do this? Hey, this is cool. How long you've been doing it? What does this mean to you? Are you sharing this with people in your life? Whatever it is, talk to them. And if you talk to somebody two or three times and it works and you enjoy seeing each other there and they reciprocate, they come and talk to you occasionally. They're going to be happy or something and chat a little bit more. That simple. Now, how would you feel if somebody did this for you? Let's say you were at dance class, martial art, board game night.  I love talking to you. Can we go have some coffee and get to know each other in a different way and be friends? You don't have to say, in a different way. Hey, can we go meet each other? I want to learn who you are outside of here. Would you say you? Would you say no? Would you be annoyed? You'd probably love it. The truth is that everybody, just about everybody is out there waiting for somebody to approach them and nobody is willing to do the approach.   You don't have to call it date, but go on the coffee date and be there. Hey, what got you into that? You know, we both love this thing. What got you into that? What about it draws you in? Do you want it to be a part of your life? What do you see in your life? Like, hey, do you have a wife and kids? Do you have a husband? Do you have a boyfriend? Like, what are you doing? Are you including them in it? Like, tell me about you. How does this thing fit into your life? Tell me a little bit more about your life. I'm going to talk to you about that here a little bit, but go out and talk to them about it. So as you do this, maybe you go on a second coffee date, a third coffee date, whatever, you start asking them those stories about their life to see what their values, their mission, their honor code, all of that is.  What were you like? What are you doing lately? Tell me a cool story about you and what you're trying to achieve. What are you trying to achieve? What have you done lately you're proud of? Problem saturated stories. We talked about that. Oh, everything is terrible.  I take this class to escape from my abusive husband. Everything's terrible and he was abusive. All my boyfriends were abusive before that. My mom was abusive. Everyone is, I don't know what I'm doing wrong. Everyone is awful. Okay, probably not. Maybe not a good match. Problem saturated stories are not what you want. That's not what you want to find. That's not the people you want to connect to. I have a Bugatti. No, not like impress them with stories. Tell them stories about your friendships. Haven't I told you a few stories about my friendships and relationships here so far? I have. What did you get out of those stories? Did you learn about me during that story? It didn't just illuminate things. It showed you who I am as a person when I'm not what I'm not here filming. Who am I out there? Who am I at home with my friends and family? My stories told you, didn't they? Same thing here. You're wrong. It is not about being interesting and stimulating to try to get a response or else they'll abandon you. That's those mirroring neurons from childhood. That's the belief that you're not good enough on your own. Instead, remember in the first episode? Being interesting comes from, what does it come from? Your personal values, staying consistent with them and the mission that you are following. Those are the two parts of you that make you fascinating and wonderful and good healthy people can rely on you for knowing those things about you. This is what they want from you. Good, healthy, securely attached people don't want to be endlessly stimulated, stimulated, stimulated. That's the dopamine. Good healthy people want all the other brain chemicals from you which really comes into those deep conversations solving problems together, right? Building emotional connections and safety and being long term bonded and maybe a little bit of dopamine together once in a while. This is what people want from you, the five big brain chemicals, not just an endless dopamine wave. They don't just want that from you. It's about chances for bonding and growth and connecting and this just doesn't require you to be something fancy and interesting. It requires you to be the best version of yourself and that's what you're building. So once you've got your two or three people picked out, you've done that anxious person speech with them, you deepen the bond over time and secure people do this by sharing problems with each other and getting advice from each other. They also share by sharing the good times together, right? Oxytocin bonding, oxytocin is that love hormone and the absence of stress. You start oxytocin bonding, they bond through sharing good times and they bond through vasopressin bonding, solving stress together, solving problems together, getting advice, getting solutions. This is vasopressin and oxytocin, this in dating and in marriage, vasopressin especially in dating and marriage is really important, but it's important in friendship too, times together, time solving together, two key differences. Now male relationships especially flourish with vasopressin but if you have had poor oxytocin through the course of your life, your vasopressin receptors will often shift to your oxytocin receptors, will shift to associate you'll be more fixated and more bonded to people that you have solved problems with because you don't trust oxytocin. But men naturally have more vasopressin receptors anyway in their brains. So very, very important that you are solving problems together. I'm going to talk to you here in a minute about exactly how to do that with people and open up. So here's the method. Step one, find any problem you want advice on. Now, this can be anything. It can be a skill or get better a task or fix a work issue. Don't go to your friend and say, hey, I need some help. I am crushingly alone and I want to kill myself. No, maybe not, maybe not like a first step friend, but build in something. Hey, you know what? We're at work together. You are really great at this part of the job. I'm still struggling to get there. Can you teach me a little bit? We'll talk about this here in a minute. A skill that you want to improve, something that they are good at. Okay. I have picked you. I want to get advice from you because and you explain, I really respect you. You're great at the skill. You've done something I want to do. You've made an industry shift and I want to do that next. You coach these people. I want to coach those people too. You cook really well and I cook terribly. You know, whatever it is, I am coming to you because of this. This is a compliment to them, by the way. And then share what you want specifically before. You've shared anything. You need help deciding something. It's not going to become their decision, but you need some help deciding it. Give the exact feedback you want. Then you talk. Now you have the talk and you share what you're going to be telling them. An example of a talk is this. Hey, I need to get better at this move in martial arts and you do it really well, but I cannot get my hips to move quite like that. How do you do that? Can you give me some insight on that and show me some quick pointers? You want to make this quick job change? And I don't know what to do. So you have. Can you give me some insight on that? Here's the quick situation. Here's the change I want to make. Whatever little changes you want to make, the improvements, micro improvements over time. You are showing them respect. You're complimenting them. You're telling them exactly what you want from them so they're not trying to guess and feeling overwhelmed by your needs or you're dumping information on them. And then you share with them really quick. What would you do in my circumstance? Can you share some insight with me? What's your feedback for me? What should I do differently so that I can be more in the way that you are, more like you are doing? And then you thank them. They'll tell you and then you say, thank you so much. I really appreciate that. I'm going to put that to work. I'm going to think about it. I'll come back and let you know how it goes. Then later you follow up and you say, hey, thank you so much for your advice last week. Thank you so much. The follow up is a big piece too. Now what happens here is you have respected them. You've respected their time. You have complimented them. You have shown them that you are a person who's solution focused. You have shown them that you are a person who pays attention to them and other people. You've shown them that you are someone interesting for them to keep in your life because you're going to make changes that are good and the same way that they have made changes, but it also builds their affection for you. You will increase the relationship on both sides. You will trust and respect them more over time as their advice helps. Hopefully it does. You've also showed them that you're grateful for their time and you respect them through that. Later, they can reciprocate. Hey, really quick. I gave you that advice. Can you give me some? I have this problem and you've solved that. Can we help each other? Can we solve this problem together? Reciprocation creates a spiral of bonding.  We are solution finding machines and we are meant to click in with a network of other male brains who have found solutions. Podcasts are a great example of this. This is connecting to the one data node into a cluster that has all this information that ripples outward. When podcast hosts bring on guests, they are clicking a huge amount of information into that data node cluster and everyone who listens, it ripples outward so everyone shares all those solutions. This is why we don't have to reinvent fire. This is why we don't have to figure out how a toothbrush works. This is why we have shoes to wear and we know how to tie those shoes. We share solutions without having to reinvent over and over and over. It is incredibly important that you do this and our brains are meant to bond through this process as well by trusting each other and saying, you are quality, let's click in together and share solutions. As you reciprocate, that builds a connection. People have probably tried to do this and never reciprocated with them ever and the message you sent was that you didn't want to create a relationship with them. You're probably like face-palming right now thinking about all the times that people have done this with you and you never reciprocated and now you're lonely. Big part of the problem right here. So fixing this is going to be very important. Follow this step. How do you decide what to talk to people about? How do you decide when to increase the relationship? How do you decide that somebody is a better friend than somebody else? How do you decide when to click them up and what are the four levels of trust? I want to teach you the four levels of trust today. This is going to help you out a lot. Fear of rejection is going to start going away after this especially. The four levels of trust are shared values that you are both consistent with. You're doing this with each other. Do you have the same values and are you both consistent with those values? When the stress hits, do you both keep to those values? Very important. This is level one. Do you have any relationship with somebody based on any kind of trust? If the values are not there at least, they have to be. You can't even respect somebody who doesn't have your values. To be honest with you, you can care about them but you may not respect them. You probably won't. Do they at least share your values and stick to them when it counts? That's level one. Level one trust. Level two. Do you have parallel goals? And are you both consistent with that mission, that goal? Do you chase it? The closer they are, the better friends you can be usually. The closer the more time you'll spend together, the more you help each other, the more you'll vasopress and bond, solving problems together, but parallel goals at least that you both stick to. Consistency and reliability. These two levels are about consistency and reliability so that you can actually have trust. Once you have that, can you be honest with them about your shortcomings? Can they be honest with you about their shortcomings? And can neither one of you enable each other? You can accept each other where you are but you also hold each other accountable for getting stronger and you accept each other as you are imperfectly. Hey, here's something about me, the anxious person speech. Here's what I'm going to be. Here's how I'm going to change. Can you accept me over time? I'm going to keep growing. Yes, awesome, mutual acceptance. Can you guys talk about the things that are on it and move forward as good friends? Great, level four. The highest level. Mutual fulfillment. Can you stop with each other and say, hey, you know what, I want to be a good friend to you. How can I be a good friend to you? What do you need from me? Hey, I need this. Can you help me with this? Sharing of deep personal needs. Do they reciprocate? They don't just take, take, take and they don't just give, give, give. Do you guys reciprocate mutual care? And they come to you and say, hey, I don't like this. Okay. How do I not just make it better, but how do I make sure I never do this again in the future? Great. You solve it together, mutual fulfillment. And they actually act upon that. So they care for you. This is actually love. This is how you understand somebody loves you. As a person moves through these levels, you will share more personal details with them. So at level one, they have shared values. Cool. You ask them about work and little things like that. Level two, like missions and parallel missions. You ask them more about like work relationships, really important relationships that aren't maybe romantic yet. Or you ask them about more personal details. Level three, mutual acceptance. You can start asking them for help on improving yourself, going through your values, your goals, your missions. You start actually taking more life advice from them at level three. Level four, mutual fulfillment. Okay. Now I need to start talking to you about like, let me be honest with you about my marriage. Here's where I'm at. What do you think I should do on this piece? What would you do? How can we fix this? Hey, this thing with my kids. Hey, blah, blah, blah, blah, blah, blah. Whatever those things are, level four is the deepest level of trust. That's why you don't share the deepest problems with them yet. Build the four levels of trust. And that will show you exactly what to do and when to share. This four, four levels of trust method shows you what people want from you in return. After you fixed your own self in the previous video, consistent with your values, consistent chasing your mission. Can you accept other people? People with broken attachment are really great at this one, to be honest, because you have compassion, because you understand what it's like. And level four, can you open up and work on mutual fulfillment with other people? People don't want you to be interesting and stimulate them. They want the four levels of trust. This is what people want. This is what friendship is supposed to be based on. So how do you stack up? Measure yourself one to 10 with consistency in your values. How are you consistency with your mission and goals? How are you in consistency with mutual acceptance of other people and being accountable to yourself to grow and taking criticism? And number four, how are you at being mutually fulfilled together, sharing your needs with others and asking them how you can help them? One to 10, each of those four. Give yourself that score. Maximum 40. From zero to 40 is your score in a friendship. From zero to 40 is somebody else's score with you. They don't have to be perfect. They should aim for like eight out of 10 on each of those four, and you move them up into the next category. But the closer they are to 10 out of 10, the better. This is what you offer to people in friendships, by the way, is these four levels of friendship, the four levels of trust. This is what securely attached healthy people actually want from you that will make them want to connect with you and bond with you. Not constant dopamine stimulation. They want all of those other pieces. This is what you offer. Don't forget this.  Friends are going to be gigantic in your dating. Very, very important. You don't even know yet. You're probably listening to this saying, what do friends have to do with dating? Everything. So do not miss the next episode because we're going to be talking about dating in the modern world, how to make it happen.  So don't miss that episode. And in the meantime, make sure that you check out the attachment boot camp video course. It will be linked down below if you want the full course on fixing your attachment in every area of your life. Check it out. And otherwise I will see you in the next episode about dating.


So it is only right that we have a green day on St. Patrick's Day. So apparently all the bears have been getting drunk at the Irish pub because Bitcoin has been on a tear this week up over 10%. The money printing press aka the Fed raised the interest rates this week but the markets did not mind at all as everything rallied ever since the announcement on Wednesday. Now today we are watching some very very key levels here as we go into the weekend. If Bitcoin breaks this very big key level that we're going to talk about in this video today here then you guys need to be buyers here because I strongly believe that if we get above this level we will be seeing a big continuation rally at that point. Not financial advice just my opinion. Then lastly of course as always I will be showing you guys the exact trade setups that I am going to be taking to make it rain in my bank account. Just kidding my money stays in crypto. Hey what's up Jay here and welcome back to Bitcoin Daily bringing you guys the best tips, tutorials and ideas to help you guys become profitable and successful investors. The goal of this channel is to empower you guys the community with the knowledge and resources to help you take your wealth up to that next level. So if you guys are new to the channel don't forget to smash that subscribe button turn on notifications and hit the like if you have any questions any comments drop it down below let's dive into today's video. So let's take a look back at the trade setups that I gave you guys on Monday's video and let's see how we did. So the first trade setup that we spoke about was a long position above $40,000. If you guys played that level you can see that a long position from $40,000 right now would be up around 4.3% if you use 10x leverage like we usually recommend that's 43% profit on that trade. So here's our exact result as we entered right above $40,000 and we were able to write it out all the way above $41,000 making a profit of over $3,200. Now we did take profits there and use the exact same entries again you can see using that $40,000 entry made another $500 in profit here again use that $40,000 entry once again made another $500 in profit and that was all basically on the 16th which was Wednesday we had that volatility and we took advantage of that volatility to make as much money as possible. If you missed that trade do not worry we have some more trade setups for this weekend for you guys so stay tuned for that. So diving into the analysis you can see here on the Monday we opened up with a 5% candle and then leading up to Wednesday's announcement you can see on Tuesday we had a pullback all the way to $38,000 remember we told you guys $38,000 was also a level we were interested in playing unfortunately we were not able to catch that trade if you guys did then you would have made lots of profits there. Now the interesting thing on Tuesday was that it closed in a hammer so this is considered a hammer candle the way you play the hammer candles is that you want to see this next candle here break above the previous candle here the cool thing here that not only did it break above that candle but it also broke out from this resistance that we had here remember that we spoke about that resistance area so that was basically a double breakout there remember we were rejected here rejected here and then finally got the breakout here of course on Wednesday we had a lot of volatility with a high of $41,763 and a low of $38,794 so that's a difference of about $3,000 in a 24-hour period hopefully you guys did not get chopped up in that price action basically what we did is we played that $40,000 area every time that it dropped below it we just waited for it bounce back to the upside and we're taking profits aggressively so yesterday not much really happened the market was actually pretty slow ethereum did have some movement yesterday which we also took advantage of you can see that ethereum had a nice one and a half percent move up yesterday and then continued today with another 4.3 percent move to the upside if you're wondering why is because remember we just broke above this level here that was a previous resistance and a Fibonacci level so now with this breakout in ethereum we could potentially see ethereum continue up to at least around $3,200 which is where the next resistance will be after of course the main big psychological number $3,000 so those are some levels to watch for ethereum over the weekend now coming back to bitcoin with this break to the upside you can see today we've had about a 2% move up and i'm expecting a continuation up until we retest this level right here remember we've been rejected multiple times over at this level and again here so this right here is the key level that we are watching here folks remember that we've been trading in this range in bitcoin where we've been bouncing off this bottom hitting this top going back to the bottom bouncing again boom hitting the top we went back to the bottom bounced again so i mean keep it simple guys what do you think is going to happen next we're going to test this top there's no need to over complicate trading so x is going to mark the spot here this is the level that everyone needs to be watching in the market right now now yes 42,000 is an important level because it has been a previous resistance and support however the most immediate threat right now is that 45,000 level which is also a Fibonacci level we've been now rejected from this spot four times in a row so if we get rejected again then we could begin to plan for some short entries to try to ride the trend back down to the bottom here but if we get a breakout here then we need to look back at what happened the last time that we broke out and above this level which was back in august of 2021 and you can see once we broke out we rolled this all the way to the top the very next Fibonacci level which was all the way up around that 52 to 54,000 area then we got a big rejection that actually sent us right back to this Fibonacci level and we got a bounce that took us all the way back up to set a new all-time high last time at of course 69,000 dollars so does that mean that a break above this level guarantees a move all the way up to 69,000 and beyond maybe for a new all-time high no it doesn't mean that but it is a step in the right direction a break above this level here i'm expecting a rally over the next few weeks or maybe even less back up to 50 to 54,000 dollars and i'm sure that that's a rally that you will want to be a part of so if i see a break above this level here that will be an overall break in the trend and i would expect a new trend to form back to the upside with a target of at least 50,000 dollars and possibly targeting the previous all-time highs now next i'm going to be showing you guys the exact trade setups that i will be watching and i will be taking over this weekend depending on what happens with the price action but however before i show you guys this all i asked for is that you guys subscribe to the channel if you guys are looking to make money either through trading or crypto passive income maybe a little bit of nfts or maybe you just want to stay up to date with the latest money making trends in crypto i literally upload a video every single day about these topics so please smash that subscribe button so that you never miss another opportunity to make money in crypto again in addition to that i answer every single dm that i get on instagram and i also answer every single comment that you guys leave on my youtube channel so please if you have any questions drop it in the comments below all right guys as always we're looking to make things as simple as possible these are the trade setups that we're watching this weekend so the level that we're going to be playing is yet another key level look what happened here does this look familiar if you go further back look at this and look what happens here when we went above this level right look what happened here when we dropped below this level and again and again so that right there should tell you the entire story we're going to play that key level what level is that that is of course forty two thousand dollars why is it a key level well that used to actually be a previous all-time high that's how it became a key level so now that level has been used multiple times over as a support and resistance area and if you pull up the volume shelf here you can see that above this level if we break above it there's a big drop off in interest until we get back up to these levels up here which is exactly where we've been rejected multiple times over and it's the major key level that we're going to be watching so there's two ways you can play this you can either play it to the upside or to the short side as you can see there's been fake outs before and you could make money if the price drops it gets rejected at forty two and drops back down right so you could definitely take a short entry if you see prices go up and you see it drop right back down but i'm mainly looking to take a long position above on a break above forty two i think that could quickly lead up to this key level up here but if i see that it could be a fake out if i see that there's a lot of selling pressure pushing the price back down below forty two i could switch my trade from a long position into a short position so that's going to depend in the moment what i see in the price action this does take a little bit more experience so if you're new to trading you might just want to play one of the levels i would probably say the breakout level you would rather play leave the shorts for another time when it's more likely for a short position to happen so now if we do break above forty two and you see a rally up to this level over the weekend now that level is going to be the same thing is here you can either use a breakout entry there and a breakout entry i'd probably be playing it above forty five thousand or you can use that as a short entry as well as you guys have seen the last four times we've tested that area we've been rejected massively so maybe if you see the price go up above forty five and then you see it drop back down this Fibonacci level and if we lose maybe forty four thousand then i would probably have my short entries below forty forty four thousand so basically a breakdown below forty four thousand at that point now i know i've given you guys two different entries in two different directions a lot of this is based on experience you have to be able to read price action quickly and you have to be able to make really quick decisions now if you guys want to know exactly what trades i'm taking what decisions i'm making in real time then you must join my trading mentorship program in this group i share every single trade that i take with my complete trading plan entry stop loss take profit all of it i teach you guys how to trade using leverage to maximize your capital i teach you how to use the correct position sizing and risk levels for your capital so you guys never have to worry about blowing up your account again in addition to that i also post passive income opportunities i post nft projects play to earn opportunities and much much more now there are limited spots for this group because there's so many people that are trying to get in but there's only so much time and so many people that i can work with at one time so if you guys are interested make sure to click the link in the description below i'm telling you guys crypto is a once in a generation opportunity to change your life i went from a broke failed artist to a regular nine to five working job to retiring in 2017 because of crypto it changed my life and i know it can change yours as well but these opportunities will not last forever so please if you're interested in joining the trading mentorship group sign up in the link in the description below if not then i strongly suggest that you check out the next two videos that come up on the screen because those are the videos that youtube thinks that you should watch next thank you so much for watching guys i will catch you on the next one as always peace and love


My art teacher gets a call and he comes to me and he says you've won the congressional art competition and I was just like the congressional art competition organized annually by the congressional institute seeks to recognize exceptional artistic talent among high school students nationwide with participants from an impressive 33 counties in Kentucky's fifth congressional district. So last year I attended the governor's school for the arts and that's whenever I made this piece. It's really representative of how Appalachians are viewed from people who are from outside of here and our reputation being like hillbillies or ignorant even though the culture and the art and history here is so incredibly rich but many people can't look past the stereotypes so that's kind of what the newspaper is about it's about our reputation and then how we truly feel is the faces in the middle. Her masterpiece will be displayed in the halls of the U.S. Capitol Building for the next year. This exceptional honor serves as a testament to her talent and hard work. I will be visiting Washington D.C. June 19th through the 23rd and the ceremony to unveil all of the congressional art competitions like throughout the United States is on June 20th and that's whenever I'll get to see it hanging in the Capitol Building. Look, it doesn't matter whether you're in retail, the service industry, or a professional. In order to grow and reach potential customers and clients you need professionally produced videos. Good video is essential to your website and social media presence and it's surprisingly affordable. Go to mountain-topmedia.com and click on the clients services tab to learn more about video production. We're looking forward to making you look good. A graduate from Shelby Valley High School and an alumni of the esteemed Governor's School for the Arts, Compton has honed her skills and developed a unique artistic voice. Currently participating in the 2023 Mountain Girl Experience art exhibit her talent continues to captivate audiences. I literally can't even like express how excited I am because doing art and pursuing it professionally has been a dream on for years upon years so actually seeing my dreams come true is really special. Looking ahead to her future endeavors, Compton has already set her sights on Morehead State University where she plans to pursue a major in art. Reporting for Mountain Top News, I'm Ethan Miller.


Well, you've finally done it. Great job. You broke me.  I'd give you the if-you-reading-ness I'm-dead-bidness and say my tearful goodbyes to you hateful sons-of-bitches, but what would you say to that? Daaah. Why is he still using a typewriter in 2016? Pattie needs to give up on letter writing. It's even worse than the shitty cartoon acting.   Don't worry about revenge. I'm gonna let you live your sugar-coated plastic imitation cheddar lifespan as long as you want, being the grease-drenched toxic gorilla rabies shitstains you are. That's more than enough punishment. I wouldn't wish it on Hitler, or even Super Hitler.  They're a patient enemy. They're an enemy that doesn't lie through their teeth and call me their friend. They're the ones that call us SCP-2835. Want to know more about that?    I will torture you in ways I hadn't even been invented yet.   And before I forget, reap what you sow, reap what you sow, reap what you sow, reap what you sow, reap what you sow, reap what you sow, reap what you sow, reap what you sow, reap what… The typewriter keys fell silent, with a shaking wing. Patty Pelton took a long dream from his red solo cup of premixed margarita, surrounded by the failed drafts of his note on his desk. He wiped a tear from his drooping eye, recalling a coaching session from his animator.     Why not? Because I have no idea how to draw a crying pelican. Patty closed his eyes. He grabbed the duffel bag from under his broken bed frame. Two shotguns peaked out from the open zipper. He sighed. He wouldn't cry. He wouldn't bluff. He wouldn't ask how he was doing. For the first time in his life, Patty, the Afrastus pelican, would make good on his threats. Is that like the castle you work at, Daddy? Lyle Nicemus, a wolf from his nap on his couch at a six-year-old daughter, Penny, pointed to the TV, the interior of a gigantic animated castle filled the screen. Oh, did Mom put in Sleeping Beauty? His daughter nodded. Right. Well, our castle at least three times that big.  When your kid had an imagination, it was easier than usual to keep your job at the Foundation's site director a secret. Lyle's eyes closed again as Maleficent came into the hall to cast her famous spinning wheel-curse. His tension faded away amidst the sounds of bickering fairies, shocked soldiers, evil magic, a cocking shotgun, a firing shotgun. There were no shotguns in Sleeping Beauty. Lyle opened his eyes as red splatters colored the walls of King Stefan's palace. Horrified attendees of Aurora's christening ran for the doors.   In a flash of buckshot, Maleficent's job became a red cloud. From the left side of the screen, a black-and-white pelican, drawn with significantly less effort than the rest of the cast, let out a drunken laugh as he mowed down in the cask. 2835, Lyle was on his feet in an instant. As the pelican jammed the smoking barrel into the mouth of the young princess, he stared into Lyle's terrified eyes. Nye Smith, he shrieked, REAP WHAT YOU? Lyle punched the eject button on the DVD player. Penny stared at the TV with pursed lips, not frightened, but she hadn't blinked once throughout the scene. Sleeping Beauty is a really weird movie, she said. I'm sorry you saw that, said Lyle. Penny shrugged. It's a lot better than that clown show.


Hello and welcome to NewsClick. Recently, social media giant Facebook announced that its own cryptocurrency, Libra, would soon be launched. This announcement sparked a lot of discussion and controversy, especially considering Facebook's record over the past couple of years. To talk more about this, we have with us Prabir Bulkai sir. Hello Prabir. Prabir, so there are a lot of technical details of course about the proposed cryptocurrency but at a larger level, we've seen Facebook's record over the past couple of years. It's exposed all its claims it made about just being, just about being connecting people. So what is the implication of a company like Facebook actually entering into this domain? Well, just as a complete aside, it's really not a cryptocurrency. In fact, it's based on something which is cryptocurrency, supposedly. But unlike cryptocurrency, it's really backed by a certain set of companies which have set up checks to see whether the currency is right and so on. So I would say cryptocurrency is a misnomer for it, but let's park that aside. The issue that comes up and again, I'm going to park the issue of privacy separately because the major criticism of Facebook has been its privacy policies or its lack of it. I think I'll focus on three separate issues that come up. One is with respect to what happens if companies start forefloating what's called currency. The second part of it, which is the argument that it is actually something which will help the people who are not included in the financial system today. And the third, it claims that actually it is some free of central banks of countries. Looking at all three of this, let's be very clear. What's happening is Facebook's currency is still going to be under US law because Facebook is a company which is under US laws and therefore, the argument that it is free of all central banks is not true. We have seen earlier in the Iran case, for instance, US banks which held, including overseas bank, which held Iran's money, they actually seized frozen assets and Jimmy Carter's order very clearly says that they are all overseas branches of US companies are also supposed to freeze all money that Iran holds. So obviously, any money that is there in Facebook account is under US legal controls. That's one part of it. The second part of it is that it does appear that on the issue of privacy, there is some real cause of concern because it's also supposed to give what is called a digital identity. It is stuck to be in one place in the whole Libra White paper, but that seems to indicate that they, along with Facebook's partners, by the way, it's not just Facebook, there are associates of Facebook in it, consortium, but it's clear that Facebook is really underwriting the whole operations that they effectively that they will give what is called digital identity, which means that there is now going to be a digital identity given by private companies. And remember the Adhar argument that is there on the question of inclusions and exclusions. Let's be very clear. This is the argument that came up during free basics as well, when particularly in India when they said that we are going to include everybody and therefore we are making a internet available to everybody. What it meant was that giving Facebook to everybody and as Facebook's basic shall we say business model is eyeballs and selling it to advertisers. What they're doing is really tying up with telecom companies to provide Facebook and whoever would use the Facebook platform. So they could also garner their data as well and Facebook then would become leveraging that a much bigger shall we say eyeball collecting mechanism than any other company in India. And we knew that so-called financial exclusion was really gathering more and more commodities as we know on Facebook platforms like Facebook and Google. We had the commodity to gathering more of us. And that was the purpose of this extent our exercise. What is important is Facebook is now entering the financial world. And I think that is the that's what we need to discuss what happens when a currency supposedly a currency enters the financial world. What is the impact it is going to have on that world? I think that's the key difference that this thing is going to make. It's not inclusions. It is not a cryptocurrency and it is certainly not free of all control of governments. It is under US government control indirectly. So looking a bit more into what you said in terms of what is the impact of it. Now in many countries there has been also a regulation of these new financial instruments so to speak even in India for that matter. So but how does how do you think Facebook is actually placing this is some sort of an international currency despite all these regulations and rules being there. So here is the issue that any entity whether it's a bank or a financial institution that deals with something like money has to do two things. It has to ensure that people who keep money with them do not lose access to their money. That means it is not something that can be shall be seized by the party which is holding that money and there has to be a certain checks balances and regulations for that. The second part of is any transaction takes place within that system. Does these transactions get recorded for the purpose of what I would call regulatory checks of a different kind income tax to money laundering. All these come when you deal with money. So each country has its own regulatory structure which deals with either financial institutions in which banks are also a subset of them but specifically of course the banks as well because banks in fact are the conduit shall we say for the central bank to create money. So this given this infrastructure what happens when an entity which is extra shall we say country wise does not obey the laws of that country as you know Facebook in India for instance has said we are not under Indian law we are only responsible for US law and that's it. So what happens if an entity like this operating in the country says whatever financial transactions are taking place really taking place in the United States we do not have to obey any of your laws and all the regulatory restrictions which are applicable to financial institutions so what happens. This is the essential issue that we might get that it will free in that sense this so called currency which is being floated by Facebook out of the control of other countries except the US. So this is one issue that comes up. The second issue is come up how is it that Facebook currency will operate. This Facebook currency will operate by us buying effectively giving Facebook some cash. Now this concept of giving shall we say cash to a certain set of entities financial entities is already there in fact in India for instance ATM operates like that, Paytm operates like that then there is I think some phone pay so there are various companies like that and this are what are called digital wallets which you keep keep money and for transactions essentially using a mobile in China in fact Alipay and WeChat have become really popular and credit card transactions are not the major transaction particularly for smaller payments and from hotels to shops WeChat and Alipay are the two most common ways of transactions taking place. So these are really digital wallets in the case of Facebook they are creating a giant digital wallet in which we will transfer some money over there all transactions within Facebook ecosystem will be done by Facebook so it will become a giant market it will become a giant you know transaction exchange entity of all different kinds of my transferring money to or you transferring money to me all of that. So this will essentially become a huge giant wallet now when you transfer money or when a company buys or sells goods to Facebook that money is not going to get deposited in the bank but will be held by Facebook till the money is transferred for some purpose or the other which is outside the Facebook ecosystem. So effectively Facebook will add to its pile of cash it is already 40 million dollars in cash reserves that it is sitting on and it will also therefore add a huge pile additional pile of our money to that for which they don't have to pay the interest. So this is in that sense free money we will be storing our money with them and they can either play the markets with it or they could also use it for other purposes they could use it as an investment equivalent to investment banking so a whole bunch of activities can be done with it or even financing Facebook's expansion. And without any accountability unlike no accountability and if it takes well so does the money. But therefore this is really the digital wallet which will be created and the basic other issue will be supposing tomorrow a country like India comes under your sanctions like Iran did and that money can be seized also by the US government. So all of this raises a huge bunch of issues which I think people are not understanding that it is not about digital wallets it's not about XYZ it is not about money it's really about something else Facebook Facebook being able to reach out into our pockets creating an entire financial ecosystem which will be strictly under Facebook and under no legal constraints of any other country whatsoever except the United States and of course the currency transactions and can also be outside Facebook and you must understand the banks have the responsibility to keep certain things secret certain things to be shared they take care of a lot of the so-called compliances on transactions that happen and that's how we look at our statements to see what has happened and we use it for our compliances as well all this will become opaque and Facebook's record of any of this thing is not good so effectively things which should be shared only with the regulatory agencies the government will now be shared or be available for payment and things which I don't want people to know who are my clients who are the people I have transactions with which are something we I don't want to make it public and the bank starts competing with my business using that mainly that list of my payments the dangerous situation so effectively Facebook will have that kind of information who they can now sell to anybody as you know Facebook's model is really giving access to advertisers so you are really also creating a whole set of new things that will open up because Facebook treats data as something which can be bought and sold the banks of course credit cards and others may be selling data as well to data brokers we don't know but the point is there are certain set of regulatory checks on these entities and unfortunately none of them will operate on Facebook particularly as I said for countries outside the US also it's ironic that cryptocurrencies were also hailed as a new frontier of freedom so to speak which is completely cut off from the existing banking system which we had all the new age of independent so to speak for users and now there is this one version which could possibly lead to exactly the opposite direction and nightmarish ways you know all this so-called freedom of from government of this kind that has been talked about including the digital platforms has been essentially supposedly empowering the individual what it has been is to empower large platforms they have been empowered large platforms taking it out of the public infrastructure but a private infrastructure on which we then become dependent so a large part of communications today depend on Google the email to various other things beside this search if should it be a public infrastructure or should it be for the money-making purposes of Google the Facebook if it's a communication for our say social network should it be in completely in private hands like this or not so in the name of empowering the individual in the digital age everybody will get a printing press equivalent everybody will get a television studio kind of stuff what we have really got is empowered enormously the power of platforms now these platforms existed the financial as a financial institutions it's not that we need directly the central bank but what we really now talking about is empowering the Facebook ecosystem vis-a-vis all people and effectively Facebook will become the new suddenly the new financial behemoth if it is able to finally get a share of this pie which is your and my money essentially that's what the banks play upon it's not their money it's really other people's money so that's one part of it when you raise the issue of cryptocurrencies it's important to realize cryptocurrency have a huge transaction cost in terms of actual computations and that's why increasingly new cryptocurrency creation has to taper off because the more I think there's a 21 million upper bound beyond which Bitcoin cannot go so all of that taken together means that the more transactions takes place more competition power has to be exercised the way the blockchain operates again it's not a topic for today's discussion but what they have done is that by not using the blockchain effectively what the liberal attempts to do is to essentially make this transaction be permitted by checking with certain entities that more of the long and short of this is the number of transactions that can be handled still is not going to be as large for say what a credit card company can do so there would still be is it'll be relatively slower but yes using the system it's certainly be much faster than Bitcoin for example so those are some of the shall we say advantages of Bitcoin but the reverse part is true that somebody has to guarantee the transaction this is really money that real this this person has we know the person he's making a transaction I know that he has the money to make the transaction now this is not something that is that is something which is done by companies other than regulated entities and this is something that therefore Facebook is trying to play upon one side claiming that we guaranteed the transaction because we are somewhere using a crypto somewhere and the other side to say therefore there is no need for a regulation because we're doing that at the same time telling the people look it's not really crypto because otherwise it'll be too slow so we will verify it so effectively the verificatory role of the financial institutions dealing with money they are arrogating to themselves that's all that is happening in the so-called crypto that they are talking about so the bottom of it this is not really a cryptocurrency that is why it's been called a stable coin and so on which means its value will not fluctuate the same way as a dollar or any other currency can fluctuate I really don't know that you can have a currency that does not fluctuate and it is not pegged to anything in the world that what is the meaning of such a currency and how do you really then see it as money I'm not sure how this works because at the end of the day dollar is or all money is in some sense what society is accepted to be otherwise really we do not know once there is no gold standard what is the value of money let's also see value money as something which is used for exchange or stored as well so store a value or an exchange of value a lot of the classical economists or the Marxist would say at the end of it is actually pegged to labor power so that is the other issue that comes up but leaving all of it out if this is very clear that this is basically money being guaranteed by Facebook and its friends and the only difference between that and say the monopoly money that we have that we have played with the children is the fact that Facebook claims its money and Facebook has 40 billion dollars as reserves so if it claims something is money we would tend to believe that it is money when as I said on a monopoly board if I go to monopoly money people are really not taking that seriously thank you that's all we have time for today keep watching news click