We were hoping and praying to get the China agreement worked out. We not only got that agreement, but we got the Canada-Mexico agreement worked out as well. We went in this year with high hopes. After 2019, we had the best year with our farm to table program. Going into 2020, we had high hopes. Since we had no problems, everything was running smooth. We had lots of customers that were coming in wanting sweet potatoes and expected a normal year. You know, we kind of started out January expecting kind of a normal year. Everything was good and everything had been good previous to that. 2020, January, we thought things were normal. We didn't have a clue this would last as long as it did. Going at that time, what was going to take place? Our house, you know, every all different places started shutting down. What was that going to do as far as supplies and everything was concerned? And we are still working even though the coronavirus is happening and it's all around us. Our end of it stayed the same until the vast number of people started staying home their self. And then all of our input products got kind of hard to get. You know, we get a call from one of our large New York wholesalers and he goes to work that morning at 7 a.m. and he's got a sign on his front door saying he's closed because he's non-essential. You know, and you kind of get a, like you've been kicked in the stomach at that point and not 10 minutes later get the exact same thing from a Massachusetts wholesaler. While everybody has major concerns about this virus and what it's going to do to impact our world and everything that's going on, just let you know that farmers are still out here working. We've got a crop, we've still got to get to ground. While everything else stops, the calendar keeps rolling. Prices have dropped below breakeven and everything's looking bleak. We're trying to use common sense and social distance as much as possible but we've still got to get the fields ready. So what we've been really doing is getting up and doing our school work and then going out and doing stuff on the farm like fixing fence and like doing this stuff and getting this place ready. A lot of supply chain disruptions, processing plants going offline, processing plants at capacity. So it was extremely difficult for us to keep up with the supply because the demand was there. But we ran into the issue with supply chain with our processing. We just couldn't get enough products in the freezers, couldn't get enough products to the people that wanted it. We couldn't meet the demand just because we've got three USDA processors in Arkansas. All of them were booked two, three years out. The virus did of course infiltrate the plant where I happened to have my birds processed. And because of exposure or secondary exposure, because of that it caused us to have to have some higher outtimes. We went into 30 plus days, some as many as 35 day outtimes.  You've got folks with kids riding the bus that are exposed and all of a sudden they quarantine. It's hard to get a full crew. And that was exactly the same time as what our petitions for H2A labor were coming in. We started seeing major problems with consulates closing and it wasn't just the Mexican consulate, it was South Africa and all of them. Our H2A labor is the driving force to our farm. Without that labor we have no farm. COVID has had a, of course has with some of the meals that is shut down from three crews down to one crew because they had people sick or different reasons. Now we have record prices in lumber and it really has it translated back down to the landowner. It's definitely changed our business. We were very hands on and face to face with our customers. We've had to change a lot. We've gone to curbside pickup only. We're trying to limit the number of people that are coming and going from the store. The normal market which is just up the street here is closed at the moment due to the COVID-19 health precautions that we're taking. So about two weeks ago we put together an online ordering program for ourselves and a couple of neighboring farms. It's a new way of doing things for us. I think we're going to have it where our customers can come and pick their products up at the market. We'll even do some home deliveries or whatever we need to do to make sure that our customers are taken care of. We've taken this time just to kind of slow down and think about our future goals and plans and what we'd like to accomplish on the farm. It's been so nice to have some extra time at home in the evenings and on the weekend with the girls to go to the farm and work. More or less the average year that we deal with farming as far as the weather equipment bound function. Other than that I had a pretty good year in 2020. We all know that agriculture cannot stop. And as farmers and ranchers we don't get days off no matter what's going on in the world around us. Farmers and ranchers have always had you know adversities that they have to face and whether that's weather related or challenges with the market or this new era that we're in we still have a responsibility to take care of our farms and our ranches the best way that we can. Even though we're kind of getting over it I think we're going to have some lasting effects that will take years to get over. Still the consulates are still having issues. We got a new administration in in January and they shut down the South African travel. That was a major issue for us. So we're still dealing with coronavirus problems today. Still a little bit of supply chain problems. I know polypipers twice as much as it was last year. These businesses really need people to come back to work to help us manufacturers and all get parts in and parts made and then the delivery process of getting those on the tooth farmers. There's a silver lining to everything. You know I think the pandemic probably brought to attention a lot of people's minds that never really thought about it before of the supply chain of our food supply. You know where the steps it has to take to get from the farm to the table and you know a lot of people want that more direct path. You can't do this business if you can't take a punch and we're going to sure be set up for next year and you know that's all you can do. You can control things you can control and the things you can't then you know you got to be able to accept that and make adjustments. As we've entered into the 2021 crop year the weather has played a big factor for me as far as my farm and operation. As you can see the snowpocalypse of 2021 has been here and it's gone as of yesterday. We were left here with about close to 10 inches of snow here in Perry County 22 years of raising birds. I've never experienced temperatures like we've had the last few days. It was one like we've never experienced before, well we've been in operation. It got as cold as we've ever seen and we actually ended up having to pour some milk out because we couldn't get it to the market. It's been a cold two or three days running the sunshine which is good to see. All we've been doing is trying to get tractor started and we've got a few cows of cabin we've had through three so far no problems thank goodness. And in this type of weather obviously it's hard for the water and to keep them having plenty of water. They drink a lot of water during this time and trying to keep it thawed out but they eat a lot of feed right now. As far as the hay we're going to keep it out 24-7 and that way they've got a full belly and they're not burning calories just to stay warm. It's devastating we had not seen that kind of weather ever. I can remember five degrees and we had peaches a year and I thought oh they're safe, they're in the bud, they're tight in the bud and they're safe. Got down to negative ten at this location and really affected our buds and so we were going to try to keep going. Had a pretty short crop but we were going to try to crop it out and in April 21st we had about 27 degrees and it kind of kicked the other leg out from under us. I've lived here in Deshaix County all my life. I served as a county judge for 20 years here and farmed most of my life here. Never seen the rain and the flooding that we encountered the last week. I've been farming here since 89 and we got 19 inches of rain. So anytime you have that much water in one place you're going to have a lot of devastation. My wife called me and I was in a little rock at the cap and she said the water's coming in our house. I can't stop the rain baby. When I come home you've got baby pictures on the floor where the water's soaking up. Hundreds of thousands of acres under water which is a significant loss in crop loss. We just hope it gets out here as fast as we can when we can replant and hopefully salvage something out of this year. At the end of the day I'm still farming. We're all still farming. It hasn't stopped. It will not stop. We're still farming. We're still farming. We're still here. We're going to continue to farm. We're not going to quit. We're still farming. We're still farming. I'm still farming and there's nothing else I'd rather be doing. And there's nowhere I would rather be than on my farm producing healthy, sustainable beef. Farming is still in my blood and always being no matter what I'll always continue to farm.


Hi and welcome to our session. Let us discuss the following question. The question says, find the volume of the right circular cone with first part is radius 6 centimeters, height 7 centimeters, setting part is radius 3.5 centimeters, height 12 centimeters. Before solving this question, we should know the formula for finding the volume of a cone. Volume of a cone is equal to 1 by 3 pi r square h where r is the base radius and h is the height of the cone. The knowledge of this formula is a key idea in this question. Let us now begin with the solution. The first part we are given radius as 6 centimeters and height as 7 centimeters. We know the value of r and h so we can easily find the volume of a cone and we know that the volume of a cone is equal to 1 by 3 pi r square h. By substituting the values of pi r and h, we get 1 by 3 into 22 by 7 into 6 into 6 into 7 centimeter cube. Now this is equal to cancel 7 from both numerator and denominator. On cancelling 6 by 3 we get 2 and on simplifying this we will get 264 centimeter square. So volume of cone is 264 centimeter square. This completes the first part. In the second part we are given radius as 3.5 centimeters and height as 12 centimeters. We know the value of r and h so we can easily find volume of cone. We know that volume of cone is equal to 1 by 3 pi r square h. By substituting the values of pi r and h we get 1 by 3 into 22 by 7 into 3.5 into 3.5 into 12 centimeter cube. On cancelling 12 by 3 we get 4 and on cancelling 3.5 by 7 we get 0.5 and on further simplifying it we get 22 into 7 centimeter cube and this is equal to 154 centimeter cube. Hence the required answer of the first part is 264 centimeter cube and for the second part there is 154 centimeter cube. So this completes the session. Bye and take care.


a rosa approving the fourth amendment to the solid waste collection services agreement between the city santa rosa And recology sonoma marine dba recology santa rosa and way further reading I'll second not only in the motion, but the comments about joey Council members any discussion on the uh motion Madam city clerk if you could call the roll Thank you mayor councilmember schwedhelm. Hi councilmember soyer. Hi Councilmember mcdonald. Hi vice mayor alvarez. Hi Mayor rogers That motion passes with five eyes with council members Fleming and rogers absin Thank you and secondly I will introduce a resolution of the council the city santa rosa approving the omnibus amendment to waste delivery agreement with republic services of sonoma county And franchise taller agreement between recology sonoma marine and republic services of sonoma county and way further reading Second, let's call the vote Councilmember schwedhelm. Hi councilmember soyer. Hi Councilmember mcdonald. Hi Council vice mayor alvarez. Hi mayor rogers Hi, that motion passes with five eyes with council members Fleming and rogers absin All right. Thank you so much joey Thank you council members Move on to item 14.2 Item 14.2 is council direction to santa rosa What so let me start over item 14.2 is council direction to santa rosa playing groundwater sustainability Agency board member regarding adoption of groundwater sustainability user fees. I would like to introduce deputy director martin. Thank you Great. Good evening. Mayor rogers and members of the council Thank you for your opportunity to round out your agenda today With the time we update on groundwater sustainability agency fees Uh, if we can go to the next slide Just uh wanted to orient you on what I plan to present on today Uh, I will give a groundwater sustainability agency overview and talk a little bit about what the groundwater Standability agency is tasked with I'll give an update on the history of the groundwater sustainability fee in this basin Uh, I'll talk a little bit about the current rate and fee study that is being undertaken by the santa rosa playing groundwater sustainability agency Uh, I'll talk a little bit about the proposed revised fee that came out of that study And talk about the public input process and ultimately, uh, we'll be seeking a recommendation from the council today Next slide I just want to orient you Maybe a quick reorientation of what the gsa, uh, the standards of playing groundwater sustainability agency is being Asked to do as a result Of the sustainable groundwater management act also known as sigma Uh, sigma ultimately tasks local agencies and authorities with managing their groundwater Uh resources in a sustainable manner on a 20 to 50 year planning horizon Um, first it must be required that all These local agencies form what are called groundwater sustainability agencies In all high and medium priority designated groundwater basins throughout the state Back in 2017 Santa rosa water and other agencies in the region with jurisdictional boundaries and authorities formed a joint powers Authority to act as the groundwater sustainability agency For the santa rosa playing groundwater subbasin This is now known as the santa rosa playing groundwater sustainability agency Uh, the legislation also required what are called groundwater sustainability plans or gsp's Uh, and required that they be created in a transparent public process And also impose timelines on the adoption of these plans Uh basins that were critically overdrafted had a deadline of january 2020 And the remaining high and medium priority basins Were set to be uh, have plans in place by january of 2022 The santa rosa playing groundwater subbasin is a medium priority subbasin And then finally, I've underlined this particular point, but um, groundwater sustainability plans were not only required to be Generated and adopted, but they included Uh the requirement for measurable objectives and milestones and five-year implementation increments Uh for which, uh, the the basins must achieve what they term sustainability within 20 years of adopting a groundwater sustainability plan The reason why I've highlighted this here today is We'll be talking a little bit more about that implementation timeframe and the fees to support that Next slide And just a reminder, uh, as far as the makeup of the joint powers authority, it's comprised of representative cities and towns Within the basin, uh, the county and Sonoma Sonoma water Two resource conservation districts and a representative from several independently owned water systems that also utilize groundwater in the basin the Groundwater sustainability also has an advisory committee Uh, that's comprised of representatives from the same members of that joint powers authority board But it also additionally has community members with Diverse perspectives on beneficial groundwater use And that includes representatives from agriculture The environmental community the business community rural residential well users and public water districts Um, so the gsa itself also has several staff and technical consultants That administer various activities of the gsa Uh, including creating the groundwater sustainability agency plan itself over the last few years And carrying out the directives of the board and various public processes Your representatives for the city of santa rosa on the board of directors are councilmember tommy schwedhelm Who also happens to serve as the chair of board of directors and councilmember john soyer as the alternate Next slide The boundary of this groundwater basin is determined by the state of california department of water resources And is published in the document known as bullets in 118 You can see With that black line around that is the boundary of the santa rosa plain groundwater Subbasin Within this boundary. There are an estimated 7 000 wells And those include rural domestic mutual water companies agricultural and municipal wells As you can see from that pie chart in the bottom, uh, right Overall about 50 of demand by sector in this basin is attributed to rural domestic wells with the remainder being split amongst agricultural and municipal users Next slide so Just wanted to highlight The existing groundwater sustainability fee that was enacted in 2019 Over the past three years the gsa has been funded by an existing fee that was adopted by ordinance of the board of directors in 2019 That fee is at per acre foot assessment of water use Groundwater use on an annual basis That fee amount was consistent with funding what was necessary to complete the groundwater sustainability plan that was due in uh, july of every excuse me january of 2022 per the requirements of sigma The fee as structured is to be assessed on all groundwater users in the basin. This means all registered well owners um And that that fee has been 19 dollars and 90 cents per acre foot of groundwater pumped annually As you can imagine most wells in the county don't have metered use Therefore rural homeowners were assessed a flat fee of nine dollars and 95 cents per year equivalent to a half acre foot of water per year This was based on a fee study done a while ago Back a few years ago that determined average use of rural what rural domestic well owners It should be noted that ultimately the county of sonoma and sonoma water agreed to cover the costs for private wells From 2019 through the remainder of this fiscal year, uh, june 30th, 2022 Municipal well owners like city of santa rosa did pay the fee during this time frame Next slide I just want to take a moment to talk about the adoption of that plan The fees over the past few years did support the development of a groundwater sustainability plan Which took several years to complete If you recall the council was provided with staff presentation on that final plan and passed a motion Supporting the adoption of that plan at their November 30th meeting last year That final gsp was unanimously adopted by the santa rosa playing water directors at their december 9th meeting of last year You know after that the plan was submitted to the california department of water resources On january 26th of 2022 Now that agency is on the clock It has two years to review and assess that plan for compliance with the directives and the sustainable groundwater management act This is a significant milestone for the gsa. However There remains significant work to be done now to implement that plan By law the gsa must start implementing the plan immediately after adoption even before that final approval of the plan in two years Next slide So at the beginning of this year the three basins within sonoma county Saw professional services to complete a rate and fee study to determine what will be necessary to support That implementation of the plans of the next five years The consultant selected to complete the studies was sci Consulting group with larry walker and associates acting as a technical sub consultant I just want to clarify that You know while the santa rosa playing gsa did pass an ordinance in 2019 Establishing that 19 and 98 dollar cents per acre foot A water extracted that fee does remain in effect today unless the board does remove back to remove that fee Over the past few months the consultant has worked and developed a forecasted budget for five years In addition to that I've evaluated multiple fee options that could sustain that budget for the three basins within sonoma county next slide The fee and study and adoption schedule was laid out by the gsa board at the end of last year Recognizing of course that much there's a a lot of significant work would have to be done to complete this work In a very transparent manner while giving plenty of opportunity For public and stakeholder input Began this or this year several meetings have been held by the board of directors and the advisory committee to the to the board as well And they discussed and evaluated fee options with the consultant for a proposed adoption at a public hearing in june The goal was to have a fee study finalized and potentially revised fee for adoption before august that date is important Because it is a firm deadline for attaching fees for occlusion and annual tax assessments Next slide Talk a little bit about some of the potential funding sources that were evaluated by the consultant Um, there were a few funding sources that were evaluated Those being of course the member agencies of the gsa Outside grant funding to date this basin has obtained more than two million dollars in grant funding to support the development of the plan The groundwater users and beneficiaries of the basin There's private well owners public water systems of public well owners And other water users as well that are included in these groundwater users and beneficiaries Any combination of these potential funding sources was also evaluated as part of this that they weren't taken individually necessarily Next slide Through this effort a projected average annual budget of more than one million dollars was projected to meet the needs Of the groundwater sustainability agency over the next five years Uh, the budget includes considerations for meeting the administrative technical and legal and outreach needs for the gsa To ultimately implement the groundwater sustainability plan that was adopted last year The projects and technical needs of the gsa that were outlined in the adopted plan were contemplated when developing this budget, of course Next slide April was an interest an important milestone for the board of directors The board directors gave a very explicit direction to the rate and fee consultant to do the following They asked them to retain the existing rate structure That being a groundwater fee assessed per acre foot of groundwater used in the basin And then they also instructed them to revisit that fee amount and make sure it achieves The level necessary to support the work of the groundwater sustainability agency over the next phase of their work The board did not support the following fee options that being well head fees Assessed on each well head parcel taxes and benefit assessments Ultimately those did not went out for a variety of reasons for implementation Challenges and also timeliness of being able to get a fee structure in place Uh, and also some of these did not likely have a good chance of success including the appetite for parcel taxes at this point The board also instructed its consultant to assume a 25 percent of the five-year budget could be met with grants ultimately There is today a significant amount of funding that's available from proposition 68 for The explicit purpose of implementation of groundwater sustainability plans Those can be obtained through by way of grants from the state department of water resources The chance of obtaining funding is very good, but the board did conservatively estimate 25 of necessary revenues could be met with these potential grant opportunities They also constructed Instructed the consultant to complete their analysis in time for it to be implemented by june of 2022 So that it could be placed on next year's tax rolls next slide So the initial fee draft fee under consideration At this time is $38 and 28 cents per acre foot of groundwater pumped annually Um This fee is still very much an initial draft But I have been told very clearly it will not exceed 40 dollars per acre foot In your staff report tonight at the time all that was available Was a range of fees. This is obviously being winnowed down and is nearly final and complete based upon their final fee study That's expected to be delivered very soon This is equivalent to 19 dollars to 20 dollars a year for rural homeowners um, and the math is fairly simple it is taking out that 25 percent Estimate for grant funding from the total annual budget and dividing it by the amount of acre feet That will be extracted from the basin And that is how they ultimately came up with the 38 dollars and 20 cents per acre foot proposed fee It should be noted and in your staff report For the petaluma valley and snow valley gsa's the fees have been proposed to be Anywhere from 230 dollars to 400 dollars per acre foot And 95 dollars and 160 dollars range per acre foot in the snow valley basin The real reason is ultimately Due to the population and number of wells in the basin. So that denominator You know, it it it really makes a difference in terms of how this is divided up next slide and then You know in terms of the historical fee contributions over the past few years As I mentioned santa rosa water has paid those fees. They are equivalent to about 31 800 dollars per year Based upon the proposed draft fee being considered That would increase to 61 thousand dollars and 61 300 dollars per year This fee has been forecasted in the fiscal year upcoming fiscal year budget So it could be accounted for by santa rosa water In this upcoming fiscal year Next slide And uh, finally, I just wanted to round out with identifying The community outreach that has occurred over the past few months regarding this fee The santa rosa plain gsa board has hosted four community meetings They were publicly noticed and advertised to discuss the rate and fee study approach And the proposed revised fee Two of those meetings were held virtually by zoom in march And then two were in person In the town of wednesday and the city of santa rosa at the veteran's hall The four meetings did collectively log closed its rendered questions and comments from the public those are available on the santa rosa plain groundwater sub basin web page which is santa rosa plain groundwater dot org In addition, several public Board of directors and advisory committees meetings were also held Over the past few months by that schedule laid out in an earlier slide Where the development of the fee were discussed And then finally, uh, the city of santa rosa santa rosa's board of public utilities Did receive a report item at their meeting last week and passed a motion of support for the draft proposed fee Next slide so finally, um The recommendation we're asking for tonight is That it's recommended by the board of public utilities and santa rosa water That council by motion recommend that the city's santa rosa's Plains the groundwater sustainability board directors representative Councilmember tom schwedhelm support adoption of the revised groundwater sustainability user fee at the upcoming june 9th 2022 public hearing That concludes my presentation. I'm happy to answer any questions you may have Great. Thank you so much. Peter. Uh, I'll start with councilmember schwedhelm to see if he has anything to add And then I'll go to comments from council members Uh, thank you, mr. Mayor. I have nothing to add. Peter did a very thorough job recreating the history since 2017 of our gsa. Thank you All right. Well, thank you for your service on that board We really appreciate having such a strong voice in the room And I know it's been a challenge getting this up and running, but I think you see the light at the end of the panel Council members. Do we have any questions? councilmember mcdonald I just have one question for clarification. This is basically doubling the cost of what we've been charging For how long and then How long will this fee be put in place? Do you have that information? Yes, um, thank you councilmember mcdonald. Um to answer your question This proposal is for a five-year fee structure um over the past few years The work has been mainly focused on developing the groundwater sustainability plan, which was adopted last year That effort was heavily funded by, uh Two things user fees, um, and then also snowma county also paid for all the private users over that time frame as well and then uh quite a bit of money coming from grants so, um You know, it is it is proposing, uh, doubling and that that budget has been evaluated by this board To make sure that it was consistent with the level of activity necessary to implement what it's been called for in the plan over the next five years Um, and so yes, it does represent, uh A doubling of that fee, uh, but it also takes some conservative approaches to the potential for Additional grant funds coming in in the future The initial questions councilmember councilmember Sorry about that. So can you tell me the impact on ag? Properties versus the impact on residential properties when it comes to the assessments Yes, um, so for the residential properties, uh, based upon a groundwater model, uh, of extraction and a fee study that was done Previously, which was also revisited recently um a Amount of a half acre foot has been assessed on all rural residential well users Those are folks that have their own wells and rural properties For the others and agricultural users They use crop types and aerial photos to determine application rates And those will be assessed on individual users I should mention during this time. They did a substantial effort Using a GIS related tool to allow all registered well you honor users to provide more information regarding their use of water Including whether or not they have alternative supplies Or other things as well and that was done in the public process of the last few years. It's called the guide program Don't ask me to remember what that acronym means. Um, I've forgotten But it but it was a uh a program where there was a lot of noticing that went out to individual well Well owners To provide more information on their use as well. So that was how that was determined And so those folks will be charged a per acre foot charge based upon Those aerial assessments and crop types Thank you. I was just doing some quick calculations So I just wanted to see about how much we might be talking about for property owners to use their own water Thanks Yeah, and I guess I should mention the alternative For those that that haven't been familiar with this for several years is to have the state come in and intervene The idea of the standable groundwater management act and why it was so novel at the time was that it gave agencies local control over their water resources and management Those fees would be substantially higher if the state were to come in and intervene on behalf of all the groundwater users in the basin Uh, so this approach is much better. Um, and I should mention that if the state were to intervene Uh, they would not execute any projects. Uh, they would only Really work as a curtailment opportunity and they would start to monitor well water use and to see Uh, if there was progress or declines in the basin and then eventually Would start having groundwater users curtail if things were not progressing appropriately. So The opportunity here to have a local agency controlling our groundwater resources It is a great opportunity Thank you. That's very helpful All right, council. Let's go to public comment on this item if you're interested hit the raise hand feature on your zoom May I see no raised hands? We have no voicemail public comment and no members of the public present in the chamber All right, I'll bring it back to council members Uh, to save us the awkward moment of having councilmember schwethelm make a motion about how to direct councilmember schwethelm to both Uh, I will make a motion uh asking our designee to support the proposal when it comes before the gsa I will second that All right, so a motion from myself and a second from the vice mayor. Is there any additional discussion from council members? All right, please call the vote Councilmember schwethelm. Hi councilmember soyer. Hi Councilmember mcdonald. Hi vice mayor alvarez. Hi Mayor rogers Hi, that motion passes with five eyes with council members Fleming and rogers absent Thank you the staff. Thank you. Peter. We appreciate the presentation And councilmember schwethelm. I know that you will be updating us on how that vote turns out Keep moving through our agenda. We have item 16.1. It's a written communication Regarding ab 2247 in the support letter Let's go ahead and go to public comment and see if there's any public comment on that written communication Mayor, I see no raised hands. We have no voicemail public comment and no members of the public in the chamber All right We'll also then go to our public comment for non agenda items. It's our last comment period of the night You see if anybody is interested in providing public comment Mary see no raised hands. We have no voicemail public comment and no members of the public in the chamber Madam city manager anything additional or are we ready to adjourn? We're ready to go Excellent. Thank you everybody. Appreciate your time today and we will adjourn


Hey everybody, welcome back to We Can Geek Them. Today on the channel, we're gonna be taking a look at Godzilla, The Half-Century War. I hadn't read this before. I have to admit, as of recording this video, my knowledge when it comes to Godzilla comics is very limited and only now I am getting into it. Now the main problem I have with Godzilla books themselves, comics, we're not talking about the movies or the characters in set films and all that stuff. I love them. However, with the books, there is a pattern of them just being mini series and a lot of the tropes and story beats are rehashed from time to time when it comes to the IDW comic books, for example. They will go through the same story motions and feature a lot of the same characters and that's perfectly fine, but it doesn't make me want to seek out every single comic because I know, unfortunately, that at the end result, it kinda does the same thing, you know? But recently, well last year, we had that cool announcement that Half-Century War was gonna be reprinted in this sweet looking oversized heart cover. Now the main appeal in this, for sure, and you could say the same for a lot of the comics, the modern stuff, is the art. And to have this by the awesome James Stoco is so cool. I love Stoco's art. It is so distinct and picturesque and the way that he draws expressions and characters and the insane amount of detail he puts into his drawings is so awesome to see and very wild usage of colors, super expressive with great character facial features and to be able to see this in a fantasy setting with giant monsters is a special treat and, of course, to get it in oversized format is even better. So what the heck is Half-Century War all about? Well, it's a five issue mini series following the character of Ota Murakami who meets Godzilla when he makes first landfall in Japan in the, you know, in the 50s and what soon, what first starts as this revelation and awe of the terror of having a giant creature stomping on the city and destroying buildings and all the chaos that ensues soon turns into an obsession as Ota is following Godzilla, trying to put a stop to it. And it sort of becomes this cultish obsession where you have this character who joins this organization called the AMF. I can't remember for the life of me what the letters mean at the moment, but they formed this team to hunt down this creature and obviously they don't know what Godzilla's intentions are and they're trying to make sense of a senseless world and the utter destruction that comes from having giant creatures fighting each other and destroying cities and you can't really get into the mind of these Kaijus and the book does a really good job of putting you in the shoes of the common people even though they're army men, even though they're people from armed forces I should say, it still represents us and our uncertainty with the events of with uncontrollable events in nature and how we're just powerless to it and it's not that we have to bow down to it, it's not that we have to resonate ourselves to that fate but it's for us to recognize the immense power that is at play and how do we react and how do we keep ourselves safe from such an incoming catastrophe? In the case of the book, we have Kaijus and you have a lot of Easter eggs for fans of the franchise with so many monsters and references to other movies, devices and places that characters are visiting, they're a nod to all the classic Godzilla films. Now, each issue basically takes us through different decades, the story begins in the 50s and then we go to the 60s to Vietnam of all places and we have the first fight between Godzilla and Anguirus, which is great because it's a nice callback to the chronology of the original films. So you know that James being a super fan of these characters, of these creatures is paying a lot of respects with this beautiful love letter and homage to the Toho franchise and the monsters and Godzilla is displayed with a ferocity and just a masterful depiction with just great attention to detail, like I said earlier, the story keeps going and we move to different places such as Africa and then eventually Antarctica. We even get some space action and we get some surprise appearances from classic villains that I'm not gonna ruin just in case you've never read it but just know that it's a beautiful story detailing one man's obsession against what could be said as an inevitable force that is Godzilla while trying to find his own humanity in this doomed quest to understand the nature of a giant beast that seemingly will not be killed by human intervention and instead there are so many stories where people realize he is this epic guardian of earth fighting against these monsters. Now there is a subplot as to why Godzilla appears and why he's attacking different cities before all the other monsters shows up and it's standard trophy mechanisms from franchises like this where there might be some things involved that are influencing these monsters. I don't wanna give it away and that's all fine. I didn't actually mind it. I was in it for the nostalgia. I was in it to admire the wonderful art. I was in it to just geek out over Godzilla man. I think James Stoker just knocked it out of the park with this book. I am a little bit late to the party. I do realize that and at five issues I think it captures the essence enough where it is a lovely kick-ass tribute with wonderful renditions of these monsters and the humans don't really get in the way of you enjoying the story. You get to see the perspective of the character of Ulta like I mentioned earlier. Now he's just trying to figure things out because he's trying to save the world. I mean, you gotta take it from their perspective. You know, Godzilla arrived, stomping everywhere and fighting and you know there are a lot of casualties on the civilian side due to all the destruction involved. So naturally, yes, that would be the response for people, for humans to wanna take these creatures out but what if there's something more? And there's a beautiful point within the end of the story where the character of Ulta reflects on his life because it goes all the way up to the 2000s, early odds. And he reflects on how he sort of just spent his whole life on this one obsession and he wonders what could have been if I had dedicated myself to other things and have actually lived a full life with maybe a family or loved ones and all that stuff. And yeah, that was strangely poetic and beautiful and I really enjoyed that moment and it made me think and reminisce about my own life and all the obsessions that I go through to get things right and to worry about this or that without looking at the larger picture and the inevitable nature of it all and to just live life. At least that's what I took out of the story. Also, Godzilla's a badass in fighting all these wonderful characters. If you're looking for a nice entry point into the world of Godzilla through comic books, this is a nice, simple way to get your fix and the splash pages on this book are out of this world. I absolutely love them. So that's about it. Honestly, it's a win-win. You got to pick this book up in my opinion as for the rest of the Godzilla comic books. Now, I know there are some duds out there. I kind of want to read them all just to say that I've read them all, but I don't know. I have some other books in my collection that I want to review. So if you want to see more of that, let me know in the comments section down below. Also, what is your favorite kind you decide from Godzilla himself? Very interested in finding out. Guys, as always, thank you so much for liking, commenting, and being a part of A We Can Geek Them. It truly does mean a whole lot. Thank you so much. God bless. I will catch all of you on our next video.


Our next caller is Dan from Alberta, Canada. Hey, what's up, Dan? How can we help you? Hey guys, um, I'm calling to ask you guys, I've got a fitness test and about So we're gonna be between five to seven months and I've passed it for this will be my third time doing it and For it. I've got to be strong and fast So I'm wondering what's the best way to balance strength and performance when training for Competitions basically the results have to be competitive. Well more specific. Yeah, what kind of competition are we doing? It's a fitness test for fire fighting. So okay, it's like a seven-part fitness test over three hours Okay, well, okay, so I'm not familiar with the tests that they might that they do in Canada But I'm somewhat familiar with the ones that they tend to do down here So I'm assuming they're similar where you're gonna be doing you're gonna have to climb over things carry a heavy bag for some distance You know that kind of stuff is that is that sound similar? Yeah, pretty much. Yeah, that's a lot of sudden burst of a Movement and then yeah some ladder climbs and like I said dragging heavy weights. Okay What do you struggle with the most now? Is it the strength? Is it the stamina? Is it the speed? It's definitely the speed for myself I've got the endurance down pretty well and the strength as well, but I can't do it fast Okay, so here's the deal and you said you have three to five months. So here's what I'm gonna recommend for you Anytime you're training for something specific and let's say you're you're far out from that competition like you are three to five months This training you do now can be more general The closer you get to your competition the more specific your training should get okay so in your case, what does that look like if Speed is the issue. I would do explosive style training now. So this is where you can do Box jumps lateral jumps you might do some snatches or cleans when you get close to the competition Your best bet is to literally practice the things that they're testing you on you want to practice those and get good at doing those Because a lot of what you're doing is going to be based on skill I mean, I'm a pretty strong guy, you know Justin strong and fast But if you throw us in a test or a competition that we're not familiar with the skill How are you not gonna?  I'm sorry. How are you not gonna add me? I'm strong Adam looks strong So what about what about maps performance? I mean I would run performance until probably the last four to six weeks And then I would get very specific what you're saying Yeah, and it actually works perfect because you work on that explosive strength initially I mean phase three itself is like completely Tailored towards what you're trying to achieve in terms of moving quickly and like getting that fast twitch response But then the last one is more geared towards endurance in phase four But yeah, I would run that pretty much all the way up leading into your competition Yeah, just make sure you do the specific stuff, you know at least three to four weeks Well, that's what I would so if you do that during your mobility sessions He knows the test so I would run a maps performance program Through leading up to the competition But then all I would do is I would pull out one or two exercises I feel are the least applicable to what I'm trying to do and add in things like drag bag drags or things or climbing over a wall Specific in your training but as far as the program is concerned that is that layout is pretty perfect for somebody like this Yeah, Dan, do you have access to maps performance? I do yes, I do have mass performance perfect, and you know just you know more commentary on this I think and I see this quite a bit. I fell prey to this myself years ago where people will train for a specific sport and They'll want to work out in the gym to train for the attributes that they need so they'll think to themselves and say I need strength. I need power. I need speed So I'm gonna do strength power and speed exercises in the gym And there's nothing necessarily wrong with that, but if you compare that person to somebody that just practices the sport a lot Oftentimes the person practicing just the sport a lot is actually gonna perform better Because the the skill is so important the technique is so important So I can't stress that enough with you especially the four or five weeks before your competition Even if you just practiced, you know four days a week just practice the test You know segments of the test and getting good at that you're gonna get so much carry over to the actual test Well, that's key I mean like like towards the end like towards like a month say leading into you know your Competition I would really hone in and focus on the skill of it but laying down the the foundational Movements and strength movements that you want to carry into the competition like that's gonna be the groundwork that you're gonna build off of And that's why I think the program itself kind of lays that out But then sprinkle in you know the days in between with our mobility focused You can work your skills within those days to keep them sharp, but still build strength You know like in the beginning Sweet. Yeah seems pretty straightforward when you guys put it like that. All right. Awesome. Thanks for calling Dan Dan Thanks for the opportunity. Yeah, it's a common Challenge especially gym rats gym rats who love working out the gym will and they're like oh I want to get good at this sport, but then the sport is like, you know 25% of the training that they do and they spend 75% doing stuff in the gym and then they wonder why their sport performance hasn't improved as much as their gym Performance is yeah Well, I mean on the other end of that you also see people trying to emulate those movements in the gym Which I think is hilarious to me right yeah, which is a waste of time So if you're gonna be in the gym the gym the tools that are there are there best used for strength Yes, so that's why we want to use that for strength and then we want to use skill You know adjacent to that. I feel like there's like a common theme in these questions right now It's like everybody's asking these sport or competition type specific Training and it's like you need to just whatever that is whether it be rock climbing or whether it be for getting ready for a firefighter test You the stuff that you need to do for both those things is what you should be doing 80% of the time and then the rest of time that you're putting the work in to build strength leading up to all that Yeah, I again, I know I try go already referred to you know things. I've learned when I did you know judo and jujitsu But I remember trying to build stamina and I was talking to a very high level competitor And he's like well, you know, I'm like man, I need to build more stamina. He's like, what are you doing? I'm like, oh, I'm doing these like Circuits in the gym with kettlebells this and that and he goes. Why don't you just do more jujitsu? Yeah I was like, oh, yeah, I mean like a light bulb obviously and that's what I did I got way better way faster. Well, it's like yeah, I think we've talked about this on the show before There's there's some carry over to that right doing those circuits You're gonna build a little bit more of a gas tank and it sure we can't help but nothing will help more Than just getting really good at rolling for longer It's just like if you took somebody who is a badass swimmer and all of a sudden you had to compete against somebody Who's a cyclist and they're always cycling all the time even if you're a good long-distance swimmer And your chances of beating the guy who's always cycling all the time Even though both of them require cardiovascular endurance, they're different dude if your your skill is so important It'll make you use less energy and exert yourself less because you're more technical if okay if you've ever and I know you both Experiences if you've ever gone to work with people who are you know do like physical labor Go work go to a construction yard. Hey a mix cement.  Well


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The following is a presentation of TFNN. The Tiger Technician Hour with your host, Basil Chapman. Call now, toll-free at 1-877-927-6648. What's going on, folks? My name is Jacob. My number here is...let's get it forward.<PHONE_NUMBER>. My email is Jacob at TFNN.com. If you have any questions, you can email me there. You can message me in the den or on the YouTube. I'm filling in for Basil today. He's feeling a bit under the weather, so let's send him some good energy. Regarding our quote for the day from Tom Stack here is, You don't need the acceptance of others. You don't need knowledge or great philosophical concepts. You have the right to be you, and you express your own divinity by being alive and by loving yourself and others. I think that's really nice. I see a lot of... We tend to act very cerebral, especially regarding things like the metaphysical and stuff like that. I'm pretty active in my life. I enjoy doing things like jujitsu and MMA, and for a lot of my life, I probably wasn't engaged too much in anything kind of physical, no sports or anything like that, and focused a lot on reading, I suppose, philosophical concepts, but I've really found that staying active, being out in nature, that has really centered me a lot, and I think we need a lot of that in today's world. A lot of us are cooped up, sedentary. So just a little nice concept for this morning. Today, one of the major things I really want to talk about, Tommy was kind of talking about it on his show, is some of the crypto, and this is not any kind of analysis on the cryptocurrencies that exist today regarding their prices, but kind of just the theory behind things like the blockchain, because I think there's a lot of proof of concept in what we see in these, you know, either digital assets, essentially, not to say that they're applied properly now, or that these are necessarily good or bad investments in any way, but there's a lot of interesting head games that kind of go in to looking at, or excuse me, into what these kind of blockchains solve. We have the Dow up 108, we have the Nasdaq up 2395, and we have the S&P 500 up 6.61.  This stock is crazy. It's almost like I've been able to kind of see what happens. I mean, this follows the market pretty consistently, and it always wants to get back up to essentially that 80, 87 area that I've been seeing. Let's go in here. We have the core inflation data came up yesterday. Let's take a look at this, right? I go on a lot of the Internet forums for stocks. One of the big ones is Wall Street Bets, and I have such a love-hate relationship with these guys on there. You have a lot of them who make pretty accurate points and are kind of educated on it, and then you have others who kind of just don't really know what's going on, and you see a lot of losses from there. One of the big things that was going on yesterday was inflation itself only was up 0.1% over the projections, and the real point is that core inflation is continuing to go higher, and everything in the macro economy itself is so slowing a bit. Obviously, we do have some speed-ups, but nothing looks necessarily good. So we have here the United States core inflation rates. The annual core inflation rate is 6.3% for the 12 months, ending August 2022, after previously rising 5.9%. The U.S. Labor Department reported September 13, 2022. Obviously, we had another interest rate increase. What's the difference here with it? General inflation versus core inflation. Core inflation excludes certain items that are known for their volatility, namely food and energy. It is monitored almost as much as the bellwether inflation rate. So this is the general consumer price index. Obviously, it's highly overrepresented by energy costs. This is not going to get any better. We are kind of supplementing our oil reserves here, our energy at least, by dumping our reserves. This can only go on for so long, and it'll be interesting to see if we can manage the prices after we kind of dump through our reserves here. Let's see here. Less food and energy major categories, apparel, new vehicles. This is a huge one. This is beginning to drop as well. Vehicles, in general, were insane starting at the beginning of this year. I purchased a new vehicle. I think it was a good time to buy a new vehicle relative to buying a used vehicle, but regardless, it was still expensive for what it was. Used cars and trucks, obviously high in medical care. Medical is always good to get into. You're always going to have a nice safe spot in here. Alcohol beverages, tobacco smoking products, shelter, transportation service, airline fares. One of the big drivers of core inflation they're seeing is rent. Let's see here. It's the pace of rent growth accelerated nationally in August, but varied widely by the market. The thing is, you can raise these kind of Fed fund rates in order to kind of stifle spending and kind of bring quote-unquote illiquidity into some areas. But the rents don't immediately adjust to these kind of things. It begs the question, if we get to a point where we have something like 4.5%, like Ray Dalio once by the end of the year and kind of sees coming, will that be an overshoot essentially? Because so much of the core is driven by rent and they take a while to go down. It's hard to say. Rising residential rates contributed to high inflation in August as real estate investors have increasingly looked towards multifamily buildings to generate revenue. The annualized cost of renting a typical home jumped 6.7% in August up from 6.1% in July, according to the figures released Tuesday by the Labor Department. Especially in St. Pete where we're headquartered. This is wild. I also think a lot of our rent is being driven by people moving in who just have more money than the natives here. It really blows my mind. I see a lot of people my age who are living in these buildings and paying something like 2,600 bucks a month. No idea how that's able to be achieved. Of course, there's a lot of stuff like remote work is driving a lot of people to move in these areas and they can make income in their states what you would make in that state. It's not necessarily the same. Regardless, that kind of stuff drives rents. That might be a very St. Pete-specific issue. But in general on the macro level rents are increasing. The surging costs of shelter accounted for about 40% of last month's cost of living increase excluding energy which fell in price and food which increased slightly. I've seen food kind of peter out a little bit. At least the goods that I buy regarding food did not get hit too hard. But I definitely know things, your pre-made coffees, pre-made drinks. These increased about like 50 cents, at least in my area. And the growth of so-called core inflation which includes housing costs but not energy or food rose an annual rate of 6.3% in August. Again, is the Fed-of-fund rate going to be able to target this precisely? Probably not. But that will result in kind of a ripple effect where rents might decrease. Folks, we'll be back when we come back when I want to talk about actually it's kind of a new model that Bank of America is implementing from mortgages that does not include your traditional credit score. We'll be right back folks. Are you looking for a way to consistently add winning trades to your portfolio? Tom O'Brien is here to help. Tom O'Brien has been successfully trading markets for over 30 years. A frequent contributor to TD Ameritrade Network and CNBC, Tom O'Brien is here to help. You've got to get to it. You're going to get to the end of your career. You're gonna get to the end of your career. You're gonna get to the end of your career. You're gonna get to the end of your career. and CNBC, Tom O'Brien founded TFNN over 20 years ago to help educate investors just like you. Tom's Daily Market Newsletter, Market Insights, is published every morning when the market's open to give you the competitive informational edge you need to succeed. 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Expect notifications from Larry on market movement you need to act on at any time. First-time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com Educating Investors 10. Available to all Tigers and Tigresses for just $1 for the year. There's no catch or added costs when you join our community of traders. Sign up today and become a part of this educational community of traders just visit the front page of TFNN.com. Toll free at 1-877-927-6648. Internationally. At<PHONE_NUMBER>. What's going on folks? So Jimmy and the Den said, uh, I said, Jacob, folks say the same thing when they see people driving cars, owning boats and belonging to country clubs and wonder how they're affording it. The answer, many folks lead a leveraged lifestyle and it works until it doesn't. And that is, that is true. We can see here, this is wallet hub. It says US consumers are back to bad habits. This is two days ago, excuse me, three days ago. US consumers are back to bad habits when it comes to credit card debt, following a record setting reduction in 2020. Consumers added a total of 86.2 billion in new credit card debt to their tab during 2021, capped off by a 73.1 billion increase during the fourth quarter alone. Now consumers have started, well it looks like a mouse isn't working anymore, that's cool. Now consumers have started, excuse me, have started 2022 by paying down just 12.5 billion in Q1 and adding a staggering 67.1 billion in new debt during Q2 and Q2, a Q2 record. Below you can find more credit card debt statistics. This is insane. I mean, it really is, especially in, when I was younger, when you, I would, when in the neighborhood that I lived in, I mean, it was, it was just middle class, but you'd see a lot of homes that have these like $60,000 trucks. And it just made you wonder how, how these guys were, were affording this. I mean, I don't take on that much debt whatsoever, and it still is an immense amount being, being paid every month. I can't imagine like the stress that that does to people. I mean, there have definitely been studies that if people are in debt, not being able to make ends meet or tight on funds, I mean, it quite literally shrinks the hippocampus. So, I, I don't know why on earth you would want to take on this, this kind of, kind of debt if you're not utilizing it properly. I mean, taking on debt just to buy something that you want and don't necessarily need, it's probably not the best move. So, kind of in that realm, Bank of America is doing something really interesting. So, let me speak from like people that, friends that I have in my generation, like I, there's a lot of people I know that don't have any credit, and it's not, you know, it's not necessarily their fault. We never really learn about it in school. Maybe people aren't necessarily always raised around financial literacy. So, they get to an age where it's time for them to buy a home or just take out any kind of loan to get something that they need, and they kind of get a little bit screwed because they don't have any, any credit. So, Bank of America is doing, is doing a zero down payment, zero closing, and no credit, new loans to buy homes. So, let's go through this. I know the headline here just says zero down payment mortgage. And we'll, I'll get to the credit thing in a second. So, let's go through this. So, like, putting together a down payment on home can be easier. Okay, sure. It does require a minimum credit score, but considers factors like rent and insurance payments. This is really cool, and I, I like this a lot just in the theory sense, right? So, obviously, what you're looking for in a credit score is you can take out loans, okay, you can take out money, and then you can make payments on it back. All right, and that, you know, that's a generally very logical thing. It's basically kind of like a risk analysis on the person. But I also think that the way they're looking at it now is just, do you have an obligation towards a payment, regardless of whether or not you borrowed the money? Do you have an obligation for a payment? And can you meet that obligation? Because at its very fundamental level, that's just what a, that's what is required and alone. You have an obligation towards a payment, and you have to do it regardless of anything else. So, I like that Bank of America is kind of looking at it, and I think they need to get a bit more liquidity in lending, because lending is going to slow down. So, they're kind of opening up their lending to people who do not have credit, and don't have a lot of money up front. Again, a lot of people in my generation do not have a lot of money saved up initially, and it is hard to pay a down payment on a home. The crazy thing about that as well, like on the other end, is a lot of times the mortgages are going to be, for a modest home, are going to be far cheaper than renting an apartment. So, it's a weird thing. Let's go through this. So, imagine getting approved for mortgage on your dream home without having to make a down payment, pay closing costs, or a minimum credit score. So, let's go here. The Community Affordable Loan Solution, that's the name of this kind of action they're doing, will be available in appointed markets, including Historically Black in Hispanic neighborhoods, located in Charlotte, North Carolina, Dallas, Detroit, LA, Miami. The plan requires no mortgage insurance or minimum credit score, and instead uses credit guidelines based on factors like rent, utility, phone, auto insurance payments to qualify. Borrowers must complete a home buyer certification course prior to application. A lot of people that I've seen speaking about this, kind of referencing this being like a new subprime lending, and I'm not sure that's necessarily the case. I mean, I don't think these guys are going to get over leveraged or anything like that. I think these will be modest loans out. There are already neighborhoods in these areas that are not super expensive or anything. I think this is going to be a positive thing. I would not call this subprime lending in any capacity because the individuals who are completing the home buyer certification are still demonstrating they can make payments that they are obligated to. Let's see what Big America's public reasoning for this is. So to say home ownership strengthens our communities and can help individuals and families build wealth over time. Our community affordable loan solution will help make the dream of sustained home ownership attainable for more Black and Hispanic families. And really, obviously, emphasis on marginalized communities is extraordinarily important, but also just everyone in general. Again, as I was saying earlier, it is far easier to get a footing in life if you have your kind of basic needs met. If you look like the Maslow's hierarchy of needs, just shelter and food in general. And then that's kind of like your forward base of operations essentially. This is a really positive thing. I think certainly in areas like Charlotte and Detroit, this will be extraordinarily positive. You're going to have these homes that are not deteriorating. They're no longer going to be dilapidated. People live in them. And this could be a very nice economic boost for the neighborhoods. This is a solution, measure for the Equal Credit Opportunity Act. Let's see here. Again, three major roadblocks ownership. I think this is a really smart thing they do. I think this is a really smart thing they did here. And we'll see how it goes. We'll see how it goes. And we'll see what kind of way they class the debt. It'll be interesting to see. Let's move on here. So we have these big looming railroad strikes. Again, this is not the kind of thing that you want to see in a time where we have really bad supply chain issues. So apparently a tentative deal has been reached, Biden says. This is kind of interesting. The UK was suffering railroad and shipping strikes as well, or the threat of them. And since the queen died, they kind of have determined to not do that, at least for the time being. Put it off until she's laid to rest at Buckingham Palace. In a way, I think that's kind of a really beautiful thing, people coming together over cultural reasons, kind of putting aside differences just for the time being and kind of celebrating the life of someone. When we get back, we'll cut a little bit into this. I also want to talk about municipal outflows and kind of how that affects and dampen some of the stimulus packages that are being given out by the government. All right, folks, we'll be right back. My number is<PHONE_NUMBER>. Email me at jacobatffnn.com or hit me in the den. We'll be right back, folks. If you want to take advantage of this sector, now is the time to subscribe to my Gold Report. The Gold Report is a comprehensive look at the metal sector, as well as the markets that move gold, which is the currency and bond markets. New subscribers get a 30-day money back guarantee, so you have nothing to lose. Every Monday morning, I publish the Gold Report with coverage of gold, silver, bonds, the XAU, HUI, GDX, as well as more than 30 different mining equities. To sift yourself the types of profitable trades that are recommended within the Gold Report, sign up now by visiting tfnn.com. Don't miss out on the next great gold trade. Sign up today. 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Don't miss out on this incredible new piece of software. Get your copy of the Art of Timing the Trade Charts today by visiting tfnn.com. either. TFNN airs live financial content streamed live on tfnn.com and TFNN's YouTube channel with Tiger TV, live every market day from 8.30 a.m. to 4.00 p.m. Eastern. For free, each host is an experienced trader and gives their take on the market while taking calls and questions live from around the world. From the moment the market opens until the closing bell sounds, Tiger TV has eight different shows with expert hosts to help you make the right moves with your money. Watch online at tfnn.com or on TFNN's YouTube channel and become the investor you were born to be, TFNN. Educating investors. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of tfnn.com. What's going on, folks? Alright, let's crack into this a little bit quickly. So, the White House said Thursday it had reached a tentative agreement to avoid a railway strike that threatened to cripple swathes of the U.S. economy. The blood administration had been holding talks with representatives from both sides to avoid transport disruptions that could have snarled supply chains. Putting new pressure on prices when inflation has been hovering near four decade highs. Business groups and key rail customers, such as energy companies and national retailers, had been calling on the government to avoid a strike. The overall U.S. job market is tight, with wages rising and unemployment low and the railroads struggling with service issues, they say have been caused by worker shortages. Union members have been working without a contract since 2019, and labor leaders had used negotiations to protest new attendance policies some of the companies had adopted. Both sides said Thursday they rung concessions from the negotiations, which produced a deal that largely reflected a proposal put forth by a federal panel a month ago, including about 24% increase in wages over the five years. The tentative agreement must now be ratified by members of the various unions covered by these contracts. This is why it's really important to take care of workers in these industries, because you might not think about it a lot, but this is like the circulation of our economy. We don't address these kind of issues, there will be hurt, and it does seem to be a shame that we have to get threats of strikes in order to achieve this. Let's see here. One of the things I want to talk about is there is a potential for 75 to 100 basis point increase in rates next week, but furthermore, I want to talk about kind of the municipal bond outflows. The outflows are slowing from the municipal bond funds, people are selling them off, and how this could actually dampen some of the help that the stimulus packages for infrastructure, some of the help that they would provide. This is a Wall Street Journal, as the outflows slow from municipal bond funds, investors are slowing down after dumping muni bonds, holding at record speeds at the first half of 2022. The outflows from municipal bonds flows fell to 229 million for the week ended Wednesday from 635 million last week, according to the data from Refinitiv Lipper. Mutual and exchange traded funds have had a couple weeks since the beginning of June, when they received more than 1 billion in inflows. Earlier this year, these funds lost more than 30 billion over 15 consecutive weeks of outflows, as rising rates affected them. You look back at what happened when we were going through the Great Depression, what really got us out of that is major spending within factories, just industrial kind of sectors in general. I think that was partly the idea. One of the things I talk about all the time is the infrastructure stimulus in the Great Lakes region, so because outflows are kind of slowing a little bit here, this could kind of negatively affect the positive effect that it would have. One of the things I was really wanting to talk about today is just kind of the theory, because I know news of it has kind of been dampened a lot because of major losses in major currencies such as Bitcoin and Ethereum. Again, this is not going to be a defense of those currencies and how they operate in the real world, but it's more to kind of dive into the theory of why these things even exist, what the point of them was, and then how we could actually see a change in the future in a movement towards something like a decentralized currency. The thing is, at the end of the day, when you have such strong central banks like we do in today's world, I find it hard to believe that a major decentralized currency will ever take storm. However, I do see these kind of digital currencies occurring that are kind of derivatives of some major either equity asset or something from a central bank themselves. So the main issue that's being looked at when you're talking about things like the blockchain is something called the Byzantine generals problem, and this is in game theory. The idea is you have a Byzantine fortress, like the Eastern Roman Empire, you have a Byzantine fortress, and you have three separate armies that are attacking, and the only way that they succeed is if they all attack at the same time, or at least two of them attack at the same time. However, they cannot communicate with each other because you have essentially spies and espionage occurring. So the idea is how do you achieve this? Bitcoin was one of the first places in one of the first attempts in currency to do so. The idea is that you can't have a centralized movement because there are factors that exist that compromise those centralized movements. In currency today, we have a centralized force, which is the central bank or banks themselves. These, with some of your more anarchical kind of people, the idea is that banks come in and can seize loans, or excuse me, seize some money, seize assets. There was something I read the other day that a lady who was with Chase Bank, she was making mortgage payments and actually sold her home. So I'm not sure how legit that is, but just the idea that these things float around, that banks are not always trusted. So Bitcoin has come up with three kinds of concepts for it. This is proof of work, this is proof of stake, and delegated proof of stake. Let's really talk about proof of work. The idea is that you have this general ledger that everyone agrees upon. This ledger is anonymous, but it does have an anonymous signature. I know it's a bit contrarian, but that is how it works. When this essentially proves that a Bitcoin was created, or a Bitcoin was transferred from one wallet to another. And the way that's done is you have a certain input by the initial transaction, then you have these nodes around the network. And these are generally just singular computers. And they use a certain proof of work concept, and they confirm that this creation of a Bitcoin occurred, or this transfer of a Bitcoin occurred. And then everyone agrees upon it. And then in theory, you have a decentralized network that can prove transactions or production took place. Let's see here. So how do we see these currencies operating in the real world? The idea, I think the note to really focus on is the word is currency, right? Really, we look at Bitcoin. This has not acted as a currency whatsoever. This has been essentially a store of value, and has been viewed as a rapidly appreciating asset. Ethereum doesn't necessarily share that exact same kind of identity. But for a while, it was just being used as a store of value and was kind of just like a general asset that was illiquid. This is a major problem when you are trying to develop something like a currency. You don't want your currencies to be so expensive. Of course, Bitcoin kind of deal with that based on fractionalization. But we never really saw any kind of transfer of Bitcoin for payments for anything large. One of the main issues I see with things like Bitcoin is that one, there's a cap rate on it. So there's only so many bitcoins that can be produced. And after that certain point, it's not really clear that anyone's going to start using it as a currency. Ethereum has been a little better like that. Ethereum tends to be at least the network that it's on, which is separate from the coin, but is tangentially related. That seems to be doing a little better at that. A lot of your major cryptocurrencies that are smaller and are being used in transfers are based on the Ethereum network. When we get back from here, I'm going to go into some of the other issues I see with it, some of the attempts to kind of solve it, how we make it better. And then we'll talk about how Meta was actually planning on releasing not a cryptocurrency, but it's digital currency itself and how really the future is probably more digital currency than decentralized. We'll be right back, folks. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all. For daily market overviews that give you direction on the key indices, selective stocks, and commodities, subscribe to the opening call newsletter at tfnn.com. The opening call newsletter is written by Basil Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices.  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The funds are designed to be utilized only by sophisticated investors such as traders and active investors. Distributor, four-side fund services, LLC. This program is brought to you by Vista Gold, traded on the NYSE American and TSX under the symbol VGZ. Let's take a look real quick at our renewables here. Solar's just kind of wiping anything it did last week. Let's see if we're getting nice. So we're still a little bit up, comparatively speaking, not from its top of this year, but interesting. We'll see what else happens throughout the day. Okay, anyways, let's go back real quick. I want to talk about how you can in theory run like a decentralized central bank in a sense. The way that these coins are created, at least in Bitcoin, is you have to complete cryptographs. There's problems that computers are constantly working on. The solution is made, and that gets sent out to every node on the network. This is like your proof of work. This gets sent out to every other node, and the node can then check that solution. If it's obviously wrong, it will be negated, it will not be added to the blockchain, so no new things are created. This is interesting, and I find it interesting this attempt to try to in a way democratize in its purest form the financial system. However, I do have a friend of mine, a close friend of mine, who does work for something called DAO, which is a decentralized autonomous organization. I won't say the name of it, but they have a cryptocurrency that they produce, and they have, they're big in NFTs as well. They actually had a very large NFT a while back before some news came out. When I speak with him about this a lot, because I find it extraordinarily interesting, and one of the things he said to me is that on the long term, this kind of decentralization does not always make sense. Not a lot of people can always make the correct decisions, especially regarding these kind of like finances. Another thing too that I kind of brought up to him, and I mean, it's just a general logic kind of concept, but he also voiced as well as what we see today is not really like decentralized. It's not democratized in the sense that everyone kind of has an equal hand in mining Bitcoin or any coins in general, because for the sole fact that it is so expensive to get the hardware to kind of complete these algorithms. So essentially what you have at the end of the day is you have something that's decentralized or at least separate from your traditional central banks, but you kind of get these like massive mining cartels that exist, right? Very difficult, excuse me, it's very difficult to have like a democratic kind of system when you have people who have more power regarding essentially what is voting in a financial sense here. So what are some interesting ways that other people have tried to like address this? There was one currency called Olympus Dow, and the way that they did it was they actually created a treasury, okay, and this was a automatic treasury system in one moment here to get my stuff loaded up, an automatic treasury system that created a base, right? And this treasury system held something like 98% of all the coins that were created. So it would avoid these large whale dumps essentially that you'd see in Bitcoin, you know, you'd get up to another level and it would dump all the way down. I mean, just taking off the table in some ways it incentivized people to stake their currencies, which is essentially giving their currency to the treasury, so then the treasury can then loan that out. That eventually became very, they kind of backfired in the sense that the person who was running it actually was stealing from the treasury. It's really hard to do this because again, like it's, if you don't have very good protocols and rules that are followed, you can get a lot of manipulation. And this is another major issue that has not kind of yet been resolved. How do I see this really working in the future? One of the things I can see, maybe not cryptocurrency doing, but digital currency in general, and we could call it crypto, is you can have it based off of like a real life asset. The way that I've always kind of imagined a currency like this could work would be like say that, you know, I'm a fund owner, okay, and I have this big, let's just say mining ETF of all the major mining corporations, okay, and what I can do is instead of people just having it and buying these shares and fractionalizing it down, I can create a cryptocurrency or a decentralized currency or whatever and essentially have that pegged to the fund itself. So essentially you're bringing like liquidity to the fund, okay, and of course it would still be up to me, the fund manager, how much of this cryptocurrency is controlled, so it's not necessarily decentralized in the sense that you have like an equal flow of decision making, but I think that solves a lot of issues with the value reasoning behind things like Bitcoin and Ethereum. I also think for ease of transactions, if you create, let's say you have like a multinational kind of supply chain going on, let's say you have like a multinational supply chain going on, different countries, you can create a cryptocurrency or digital currency that you can all agree on a value and this might be able to kind of alleviate some tax burdens, this could alleviate kind of transactions between different currencies. So it seems to me that we do have a caller on the line, give me a moment here. Hey, how you doing? You're doing an amazing job. Tom, how you doing? I'm doing great, man, yourself. You're doing well, thanks for calling in. Absolutely, well, I just wanted to let you know what a great job you're doing and you know it's intriguing, like the cryptocurrency world.  And you came and when I was your age, inflation was raging, right? Sure. And what ends up happening is that we were looking at all these older dudes and they're saying, you know, this is gold, gold worth that. And of course, that's where we went. I remember buying coins, you know what I'm saying? Yeah. And then I do explain it to me, well, that's not even on the table in your generation, right? Not even close. Correct. I don't see a lot of people buying gold whatsoever. Right, right. The way that I see what's kind of happened with this, and correct me if I'm wrong, that I think was a little different from gold, I think a lot of people my age and especially when I was, you know, looking at the hype a few years ago on it was not necessarily that I was worried about my purchasing power eroding or my dollars eroding due to inflation, but it was the promise of getting such a high return for doing nothing. And so I think fundamentally speaking, you know, it is totally what I don't think there was logic of trying to really store your value that way. Yeah, so it's interesting to kind of see that. I think that's why a lot of people like lost money out. Yeah, right. Yeah, it's certainly interesting. What ends up happening, particularly when they started, you know, if you got it in the beginning and you hit a home run or grand slam, which people did, then all of a sudden you think you're going to be King Kong. Yeah, and then everyone hops on the train. It's absurd. Well, Tom, man, you're doing a great job. We appreciate it. I'm sure a battle is really proud of you, man. Thank you so much, Tom. Thank you for calling it. Okay. All right, thank you, man. Have a great another day. All right, folks, we'll be right back. You might think that if you want to be successful at trading in the stock market, you're going to need a crystal ball. After all, it's impossible to predict the future, right? Like any endeavor in life, before you decide it's impossible, get some advice from the experts. You might find that it's not so impossible after all for daily market overviews that give you direction on the key indices, selective stocks and commodities. Subscribe to the opening call newsletter at TFNN.com. The opening call newsletter is written by Basel Chapman, creator of the trading methodology known as the Chapman Wave. The Chapman Wave up-down sequence gives you an edge in identifying price turns, finding the peaks and valleys in stock prices.  First time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. TFNN.com, educating investors. Everything in the universe is governed by the Fibonacci sequence. This mathematical principle is responsible for everything from the most aesthetically pleasing artwork to patterns in the stock market. To stay on top of stock patterns you can take advantage of, sign up or the Fibonacci 24-7 newsletter at TFNN.com. When you subscribe you'll get a weekly report from veteran day trader Larry Pesavento on stocks you need to pay attention to and you can trust Larry's analysis. After all he's got 45 years experience as a day trader. Larry will also provide daily charts, videos and data on the key markets that he's tracking. Expect notifications from Larry on market movement you need to act on at any time. First time subscribers also get a 30-day money back guarantee. If you're not satisfied, let us know and you'll get a full refund within 30 days of signing up. Subscribe to the Fibonacci 24-7 newsletter today. TFNN.com, educating investors. It seems that we're bad so let's see here. We're kind of a bounce off that big parabolic motion but we're still getting kind of hammered hard here. The Q's getting hammered, NDX is getting hammered. This is nuts. We'll see how this pulls off for the rest of the day. Some of the last things I want to say about it and you know Tom really provoked a certain like thought with this is totally like everything that's going on in these crypto world at least currently is it's totally wild west. Scams everywhere and really the same old scams. There's nothing new under the sun with what these guys are doing. A lot of all these coins for the most part are Ponzi schemes which is the point I was trying to address with essentially saying pegging it to something like let's just say like a mining ETF or just a producing group of equities itself. You know I had a guy who tried to get a friend of mine who tried to get me into one and I was looking at it and it's like the only way that value is being generated in these coins is because some other sucker is joining in as well. I don't like that. I mean obviously that's a that's a set of you know that's a set up for failure and I really think the idea of cryptocurrency that can be kind of a misnomer or at least in the sense that it can impart some sense of safety insecurity in these. So you got to be really safe at least regarding things like NFTs again that was those were major scams as well. Again one of the things about anonymity she had no idea who was buying these wallets. I mean I could have had two wallets created an NFT myself and then transferred one into another wallet at the expense of let's say 200,000 US dollars and there's no there's no proof that it was a legitimate transaction. This actually happens in the art world too regardless. We're going to see things like these the concepts exist for a while. NFTs could be something as simple as receipts for purchasing and not highly valued in and of themselves. Folks I really appreciate you joining me today. It was awesome to fill in for Basil. Let's all wish him a bit well and I think we have a replay coming up next and then we'll have a Steve's show at one.