Good morning, good evening, good afternoon, wherever you are, lovely people.  Like I said, I don't really care like how far the moves are or what I miss at this point, as long as I'm safe. It's not even about making money at this point, it's just about being right. I'm joking. It's about making money. But let's go ahead and look at that. Yesterday's was a pretty interesting day to say the least. We sort of got, I mean, really undercut and it just got super aggressive and you can see potentially why. So we sort of ended the stream off here and we said, okay, there's a potential price going up, but if this sort of behavior continues, we're expecting price to run out of this. And surprisingly, it just ran. It just went for a scump and decided to run. And that's a surprise. As you can see, like the constant additions, as soon as we stopped streaming, it's just constant additions, constant additions. Then they decided to slam it down and then our golden time, 10 EST, what ever, 10 New York time. 10am, the gold standard time, the time we start trading, we get the perfect pin and we're like, ah, yeah. Ah, this is lovely, man. It's like, it's salivating. It's that sort of watery motion. Sorry for that. Again, I am still delirious and I'll continue to be delirious until someone stops me or gives me medication. So again, we see that climb up higher and in terms of spotting things I potentially could have missed. Again, I have very selective thinking where, oh Jesus, ah, ah, ah, ah, forget about talking about now. We need to look at price now. Oh, what are you doing to me? Oh baby, slamming it, but to be honest, it's not surprising. I mean, I'll say we're just adding liquidations on top of liquidations. Just an instant, instant sort of punish on this.  Have you heard of liquidation? Oh, I got it down and you control my thinking. I meant to be greedy. But yeah, you can just see that some amount of here instantly sort of punish on this sort of push here. Very, very interesting to say the least. I mean, creating a nice bike already sort of reclaiming that, but it is a Wednesday and we did finally get our Tuesday low finalized here. So this is our range low. I'm trying to be more animated. I can't tell. But we already have our range low for the week. So our weekly highs here, our weekly lows here. We're a nice little range. 50% comes in pretty much just slightly higher. I bought it. Let's not eyeball it and let's be professionals. Yeah, there we go. Pretty much where he saw the ends of and this is why I like the Monday to Tuesdays high and low versus the just a Monday.  And when Wednesday opens, you can really draw that out because until Wednesday closes, you don't really have a low of the week. We have a tentative low of the week, but you don't really have a low of the week to speak of. We drag this out. This is our range. As soon as we break this, we release liquidity. We sort of come into territory stophands. I think we're just looking to target this from the looks of things. It doesn't look too good. But at the same time, it doesn't look too bad. Actually, no, this looks terrible. I mean, Asia came in here. London came in high. We're already trading low. If we start closing below, we could run the risk of just dropping. But if we drop into here, midday may catch this. And that's our hope basically. We pin our hope on 12 o'clock today. I don't know why we just do. And we don't have any news. No, no. Actually, no, we've got one o'clock. I've got the 10-year auction. Okay. Yeah, 10 years is really big. FOMC minutes, another Fed speech. So we're planning ahead. It does look like if we continue this downwards momentum, we can look good. So fingers crossed, fingers crossed, guys. That's all we can say. I mean, hopefully you guys are not liquidated. But no, now it's sort of calm. The actionist hasn't calmed down, has it? Yes, it's sort of melded out. We've got some longs in, but you see these walls here. I think we have potential lower targets. And it just comes off the back end of the week, the Tuesday low, the weekly low that we made here. So it does look like 1,800 back to that number again. You remember a week back, a week back, we loved that number. It looks like we're loving that number again. Loving you, this is when you're beautiful. I'm sorry again. I'm always going to be lucid. But generally, in terms of the entirety of this week, it does look pretty top heavy in terms of traps. It does look like we've shook out a lot in terms of number-wise. I mean, we have plenty to sort of settle out into here. It does look like it's pretty split into this sort of area here. It doesn't look pretty into a bell bottom. It looks top heavy into the week. And that's just thanks to this sort of area here and this sort of buy here. The slowly bleeding out and that's key is that them bleeding out is what you're looking for. That sort of say, we need larger dots. We need bigger. We need more wine. I'm sorry. But something like this is what you're looking for in terms of looking at star ponds.  We didn't get that. We've got a shallow one here. Around 2K here. Forget another. We forget a 2K or 4K here. Could cement a nice sort of scenario. Maybe 1800 is the number we look for. I think we might end up stretching a bit lower. We'll see if that comes out. I think it does look decent today if we can get some bullish auction numbers. Again, everything's in Vesco. So 10 years inversely correlated. So you're looking for people to be out of government bonds and not be safe. You're going to government bonds to be safe. Trust the government. I mean, no one trusts the US government, especially with Biden in charge. Hey, we're not political here. No, we're not. We're trying not to be. Enough tomfoolery. Enough sky-larking. Let's go back and look at this and dissect yesterday's. Because I think we have the time. I mean, we have the time in between the bars to talk about yesterday. I think it's always nice to talk about it. Oh, I don't think we do. Actually, now we do. It does look like it's slowing down. So again, 18900 looks like, I mean, in terms of daily wise, we slammed it here. I was sort of playing with it here. We took that already out here in terms of sort of nice lows. We're going to sort of a lower time frame and we look out where we want to be with life. Not looking good, but... No, decently. Decent, decent. Decent, decent. Decent as you get. I mean, these are just like death, death from above. As you see this sort of build up here, can easy sort of come in, reject in, go lower, but... We're hoping and we're hopeful for this into sort of a recovery. But we're hopeful if it's 18800, we're only giving it a stretch to go down to, what, 18... 250, I just said. Let's just say 252. 500 and some change. Yeah, 550 to be exact, but... In 500 and some change, we sort of give it that sort of breathing room to say, okay, look, 500 and some change is where we can sort of call things in terms of if we want to still be within sort of buying territory or... more accurately, still be holding into some levels of equilibrium. But generally, I mean, if you look at futures, it's sort of more short than it is long over the course of this sort of period. So it's just looking at this. I mean, you do have this sort of trigger buyers here, the impulse buyers that are just making sure that price continues to go down as they continue to are willing to buy into the markets as we continue to fish for them. They continue to willing to take the bait and then drive the price further down. And essentially that's what trading comes down to is just understanding if a lot of people are doing the same thing, it's not going to work out. Good morning, good morning. Good morning. There's the already sort of back up and it's already sort of looking like it's just, it was a flash in the pan. Flash in the pan here. I mean, if we can close above here, it doesn't look too bad. But again, we're looking at the weekly low, especially considering we've already rejected 50% and we've been rejecting 50% since London start. And we sort of tipped it here. So interested to see if we can take the take the low weekly low out and reverse off that and like create a nice little push into here and push and come back up. Again, whatever I say, it just all depends on time. Everything I do is time based. That's why I can miss this trade here and get this trade here because I can be very selective because 10 o'clock very strict, 10, 12, and this was closed I think about 15, 14. I think it was about 14, 14, 30, it came in around here somewhere around here but you see how it's just pretty much lines of the sort of news dates, midday sort of things, timing sort of play around these and you expect them to play around things and sort of move back and forth. So it's important to sort of pay attention to the preamp before the news and it's just always it's always courteous to sort of pay attention to 10 o'clock over anything else because 10 o'clock will sort of give you the guys if you want to trade if you want to take a quick cheeky scalp I mean you got this here trade this fell, swiped it out you see that, weighed in there's this sort of potential long I mean sort of pushed back down into there I got my last shot because of railroad on 15 seconds. Oh yeah, that's nice that's always nice here. Again it's just 10 o'clock, 10 o'clock it was like 1.30 again just offsets it a bit just because maybe news came in later that day it was just setting up a bit later there's sort of 10 o'clock spikes it comes back down 12 o'clock decides to you know what enough of this sort of dilly-dallying let's go back and let's move this let's move this ball into a different park 10 o'clock comes in here we set in we stop on pushes out says you know what I'm happy with my life but normally just looking at sort of things within and then not trading between sort of this 6.30 ESC to 10 o'clock is a nice sort of exercise discipline discipline and it's normally and more often it will be more playful because you could have jumped the gun here and said okay I'm going short here and you held through and now you're in a break even it's just like oh what am I going to do with my life you start adding or you start taking away going long here it's just like oh no what am I going to do with my life if it's just wait just say okay you know I'm being selective even though I see the trade here I'm not going to take the trade because it doesn't line up oh god damn these guys are being nasty what are they doing with me what are they doing to my girl oh already rising up and just said oh you know what thank you get liquidated let's go up still sort of holding sort of baited breath for things I think we can have news oh yeah it's for PPI yeah it's PPI positive and then we'll see there you go for PPI you're in here it's the same consensus was uh higher uh change of same it did nothing consensus okay yeah actuals of it yeah the producer price index the final months and years were 0.4% month on month which is nice, which is good which is bullish cost of services rose price of enough uh it's bearish it just means I mean like it's less like growth is not as rapid at best uh as you can see we did months where we did go down and prices did sort of try to stabilize but it's not the sort of the this malachy that we had here where it was the same sort of month and months of growth uh but of course stagnant which is hopeful just because we really don't uh we aren't really too hopeful that you can go down in the current climate especially with energy a lot of energy sort of problems especially that being the major one and it's just that's yeah the major drive factor let's just no the website individual changes mic is cutting is it ah wait seriously? it's good now okay it's so weird doing food and energy is interesting I'm actually stupid it's a mixed bag of data I mean we're expecting worse probably like a catch up bottle to do a catch up it's middling at best yeah it's middling at best no that's not there's not too much to say early on the news 830 news everyone's like ah this is why it's just you know what some nice practice I mean we have this entire sort of energy trade in most of the volume being here it's actually double check there so I'm not spewing most of the volume being concentrated here so that's where you pay attention to if we come back in and trade back into that we also look for 1800 that is again your target is weekly I mean 18850 but who's counting I don't know how to count I'm illiterate I mean in terms of I need to clean this chart but in terms of what we're looking at maybe first stop becoming here trade here start come back here push down get a nice little pop pull back up look bullish look like hey ho we'll see how it is he reacted off that react the same as Bitcoin by just get down super aggressive I mean get out miss miss canna's slammed it down just didn't mean too much in terms of how Bitcoin recovered but Bitcoin is just more volatile so Bitcoin will probably snap not pectoral this goes well I mean we have nice internal ranges trade into within this in the 15 minutes sort of zone wrong not too bad got 3590 high we have 3643 50% and sort of draw that out so comes in rare it's been sort of center of mass between these two bodies interesting enough fun things you can do with numbers so see if you can try hold this consolidation area again looking at this and we're seeing too many lows here the weekly lows at what 3579 look at that see if you can take that then see if you can go higher off that take that we'll see we'll see we'll see there's not much to say today let's have off topic idle chat until you guys have something interesting to say I don't know man let's argue let's argue about things that will get me cancelled let's do that I don't want to get cancelled I don't want to get off the internet then I can disappear without anyone knowing being on the internet has made that hard I disappear for one day and you guys are like oh my god oh my god I want to disappear like and just go off the grid one day and just never come back that's like a nice get a nice pace out in the sticks just don't talk to anyone coming down it is a trading channel we should be trading without trading as you can see this entire sort of buy here and this is a key thing to whipsaw whipsaw down, whipsaw up today is not it's bleh at best so we wait for what the funny man on the on the TV will say at 1 o'clock, 12 o'clock about 1 or 2 o'clock I mean 1 o'clock is more better it's more better it's a better time because that's your 10 year auction which is very interesting not consistent on that yet but we'll see if that moves up or down to what what the yields off government funds them the minutes after that an hour after so it's going to be very hectic today it's a very crazy Wednesday but we're already sort of on the low side and we're working the lows so it's more of a hopeful hopeful Wednesday than it is a a a up or Wednesday let's have some extremities in our lives up or into the behaviour but I mean if we start zooming out start looking at things just like milling milling it's working the lows like I said it's just moving down to finally sort of have the finite sort of distance go down and maybe one target the lows we'll see how low we can go and that is the question how low can she go I heard she'd been backwards sorry I'm always going to be this kooky if I take medication I'm never going to take medication microchip implanted you know what it is I think it's the cosmic radiation that's a surrounding us I need to shield my hand against it if I don't do that I run the risk of going crazy so I need to start getting some aluminium foil slam back down to 12.1 we're looking at 12.1 as potential sort of thing if it holds this we're sort of happy I mean we talked about yesterday how it sort of had a finite sort of reach in terms of upward sort of movement and it didn't even reach that sort of finite reach it just went that's the best thing you can say it just went it works a low traps liquid here and that's the best thing you can ask for is trapping liquidity at a sort of key sort of indicated support areas especially because we're building that volume where we had already sort of done before so it could be a nice sort of a nice a nice double leg and another double leg within this double leg it's nice basically it's a good one man again we're just waiting for bitcoin to stabilise I think we're on this price point we're getting all these sellers coming to the market I think it's I mean we're getting people shorting already I mean look at that the amount of people just entered short right at the bottom here just said oh it's going down it's a massive red bar instantly sort of punished plus I think this area so there was probably a high level of liquidation so they decided you know what going down 100x let's go baby they went oh and they went ah what am I gonna do ah I can't pay for my child's tuition no what did I do that is life man that is life what are you gonna do I feel like the only people that listen to me are I don't know people that can I don't know who can put up with my insanity maybe I need to stop being more tepid and more controlled and then it just feels like my creative freedom just gets trifled like ah I feel bored ah but nevertheless enough digressing and I know I can make this 10 minute video and just be done with it and just be like ah I call this this that and the third they said they wanted an hour I mean 1900 seems like a short sort of shorter number I mean we can sort of stop out before but I mean we did get the liquidations high we're now getting more shorts added into it we'll see how we've played the sort of range and that's the sort of key thing and key indication we're sort of trying to take away from today is how are we gonna play ah today's sort of ah session range and are we gonna come out in the low side where we swipe the low today's low was the weekly low because that will be added sort of beneficiary to the upside we've already spiked 50 here so if we spike and get rid of some liquid here I don't know why we wouldn't have already done that on this tick because we would have had a cascade of liquidations maybe it was control measure where they saw the amount of shorts that were added onto this as a triple top I mean technically a triple top already they know like maybe if they go up higher they wouldn't have added more positions so it's not necessary or they ran out of liquidations hey who's to say I doubt they ran out of liquidations if you look at the numbers here is what plus 600 1500 actually we can just look at the delta what 11 to 11 to face it yeah I mean it up massive amounts well the liquidations went to well yeah I think most of these will run out anyway so it did potentially run out of all those people that were entered in high leveraged longs only people left would probably be low leveraged territory but technically it is a triple top and we did add back into this sort of shelf so it is kind of troublesome but if we again look at a bit larger timeframes and larger sort of a heat to that we did slam back into sort of this territory here which is again where we have this sort of this sort of larger shelf here present ever present ever watching saying hmm this looks tasty if we sort of build cause here I mean trade back into 1900 we start building and then start thickening these shorts and we see more shorts available could be nice but again weekly sort of low comes in that 1800 here so it is a much sort of longer target if you should say I mean they did sort of implement a nice little choke here so maybe we test here push back down then we get some bullish features coming out mid day that is sort of the only sort of saving grace I can think of out of today I mean there are a couple outside of that but if we are sort of trading down we are probably trading down to go up into sort of mid day into sort of later sort of evening and we see what we can do from the evening sort of times cause again we can play this weekly range any time of the week it is up until Friday we sort of we sort of can pull it up into say okay you know what Friday from here to here this is the weekly range it can neither expand nor contract any more than this because it is a set sort of target and we treat it as such but again we have this sort of area here we sort of moving and we start pulling down further and further down into this we run the risk of trading this as sort of spring board downwards and that is sort of where we come into sort of interesting territory look at some other old coins while we there is only so much we can talk about one coin I mean god damn bitcoin get over yourself get over yourself you are not that good okay banana aida that is my answer I have never believed in aida I have never believed in the naked oil peddler that is Charles Hoskin I believe he is a con man and talking about con men I also believe Elon Musk is a massive gigantic con man but hey hey hey I am not trying to offend anybody when you are trying to speak facts I mean it is sure a broclaw but I mean it is coming in where it is realistically this was just pumping some like at the best at worst it was a nice little scam I mean it is just tapered I mean you can sort of build some sort of relations here and there I mean you have weekly levels down there that is a bit too low but we have weekly levels here that is pretty nice we have weekly levels here that is pretty nice and also here I am going to go to daily we can start seeing where daily levels are sure it broke it broke with sort of a nice little tapered sort of fit setting the lows in but what we did not really see from this an explosion of orders an explosion of bids you know I think we can load it up and build it up can we go back further I think we can hopefully that is the correct size aha it does load historical data it is helpful we will load it in historical data and we will see where the large popper if we have got a large sort of liquidations of that then yeah because again it is nice that it did hit the low especially on like a quarterly change so people could see that as points of cut losses if they entered in the last quarter July and just said ah you know what let me buy here and they said ah you know what it is a loss here let me cut it but we are not really seeing that behaviour out of it are we it is not too sort of I mean maybe it is relative to itself but we will have to see maybe it is something you can buy I don't know I just don't believe in the project though it is one of the things I mean out of all the sort of layer layer ones it is just I never got behind ETH because I am a man I have to get behind the person to get behind the coin if I can't get behind you and then touch that sweet little ah god damn sorry ah no where is my chain I can't say that I need to behave myself ah yeah Charles Hoskins someone I can't get behind I mean break my pelvis sorry I had to ah he was just lining up there no but like on serious note yeah he is one like alongside what is his face who is that guy that says there is no second best what is that that does microstrat I don't even know these names anymore the other conmen basically I mean like most sort of influences are conmen that's what it is most of them are peddling malaki to you for the sake of profit that's why I just sniffed my cookie I'm joking ah no historical data ah that's sad see that's why that's historical data on things just cost so much actually no this should be available on the mochi book should it not my bugging he wants me to sign up I'll log in let me log in the web load you can do this but you can't do you can't do any change oh my god yeah I mean you can see yeah we do have large large sort of volumes but it's not so nice yeah split is not too bad struggling to load it oh what am I going to do with this but yeah we do have a lot of selling so it is not too bad I guess it's more I kind of want to see what October is doing starting October seeing some selling it's not too bad you believe in it either yeah that's fine you can believe in whatever you want to believe in but I generally I just don't like him as a person but then again I don't like most people that's the thing like I don't like Elon Musk as a person find him horrendous find him counterproductive to sort of sort of the advancement of future sort of technology because he decided to peddle a what a science fiction idea called the hyperloop and he decided to build a boring company and he's wasting resources that could be done everywhere else and he has blind followers that will follow him to the grave even though he has made no sort of major sort of lead by himself I mean he's not he's a smart man but he's smart at conning people I guess that's the thing he decided to e-cond a lot of investors into believing in a hyperloop even though it's structurally not feasible like do the mass like and that's the thing mass never lies and this is why I love mass people lie mass people never lie that's why mass will only be will be my one and only true love dedicate this to you maybe come back and it doesn't take that much mathematical knowledge to understand that some of the things that Elon proposes are either ridiculous stupid but worse than trying to con investors but he's got a good team though that's the thing you can give him that but again most rich people have a good team because again he just goes back just surrounds yourself with people who are smart than yourself let them do the work some Chinese people will take offense to that it's racial stereotypes it's always an Asian better than you like I mean I thought I was smart then we had exchange students coming in and they were Asian I'm Asian but like they came off the boat Asian and they just washed me out of the water I'm like okay you know what yeah I now understand what that phrase comes from there's always an Asian better than you they just work so hard they just have a better culture more strict I think that's what most kids need nowadays a good asshole thing they need to get their asses high stand what what take us oh this side of the divergence is random nice I can see that these bytes here just in advise it just means there's more potency to sort of say you know what we can drive liquidations or even if this starts going up testing into this we can drop this pull back up something isn't right about Charles he seems pretentious yeah but that's how geniuses would write history because they weren't white no there's a thing about being pretentious and and being labeled crazy geniuses are often labeled crazy and not pretentious like most geniuses will in love with their craft so they don't have the time to be pretentious so they are often labeled crazy because they were trying to make leaps and bounds and sort of ideas but again some people are just crazy but some crazy people are smart though that means double their sword you have to have the right amount of crazy I think I'm a bit too crazy to be smart so I'm like ahhh like the balance is tipped off there it's like I got a bit too much crazy in me not enough smart if you have enough smart a little bit of crazy you get excited most of them I mean it's not about being liked it's about being respected most of them did have respect were respected even if it was later on in life or after they died generally people label someone pretentious as this no but like pretentious people are often snobs like haha they have to rub in pretentious people themselves are often people who have the need and the desire to want to be noticed by other people they have enough intelligence to as they believe to warrant that sort of attention so they act like you don't know this? it's so easy I mean but yeah you're right but like it is a thing I've got a good nose for characters I can sniff someone's butt and understand if they're good or not I can brown nose someone and say oh you know what something sucks something's wrong I can feel it it's just one of the things you learn judging characters again most people fall for things it's just like okay cool it's just like and it's the thing that comes back to like most of them are charismatic because charismatic people do wonders oh there we go we've got some small buyers coming in yay they're up in here I think they're trying to slam it back into here I mean this did come back into it as a joke here so I'm interested to see what 1911 as a side piece 1900 one more question how do you see I'll have a look at that I've been locked out of a couple of things that I need to figure out how to get back into it very bad memory and I don't even pay them no mind either so yeah I'll have to look at it see how to do it and see if there's a way around it there is we got it there isn't but slowly climbing up but we're building up cause you can see how much they've built up here I mean insane amount I mean they're losing some steam but they just instantly from here to here they've built up more than they did from there it's just a very nice sort of telling especially if they can take this they've flipped the view up they've come back down that could be a really nice sort of drop down and then push down to further they're up traders are no joke man they trade they true look there's something in the stream that's like ah now we've got nothing like this is I don't like this sort of time I like evening streams we just do a biopsy of the trading day and give you guys a little once over of what might happen tomorrow we can call it a day this we're just waiting on news we don't have outcomes just yet cause it's trading in a place where not advisable to be a trader at or have an opinion at I mean you can have some and formulate some opinions don't get me wrong I mean we can formulate some opinions if we stay above here when we start pinning away we could look bullish I mean we already came in at a very sort of tight Tuesday with Ethereum here I mean we have a tight high here there we go nice range and again 50% so pinned it pinned it here so nice that's why again I'm gonna choose like days of the week time is so overlooked and I don't know why traders overload time it's it's one axis that you're overlooking how can you miss out on one whole axis is that axis axis axis my teacher always used the axes but then again she was Irish so that might have been why and you have price you have price as a function of time if you don't want price as a function of time price just use the ranker since you're using price as a function of time you pay attention to time goddamn pay attention to the days of the week even though you get lost I'm not saying Charles the genius but that ranks was the best or one at all I'm saying not many people are liked by everyone but those are very very rare exceptional yeah true there's a thing like even if they're not liked by the general populace their peers should have some other respect for them I don't think anyone respects Charles Hoskin was in this one actually I don't know what they might yeah but then again common are very easy like snakes snakes live they can shape shift it's one of it's like if you think of a snake you think they can hide very well you won't see them until they bite you it's like most people fall for common because they have such a charismatic smile genius or not I mean like yeah sure he did some code he did some code with some people but his project maybe smart but the way he's doing things just niffs a bit wrong it doesn't pass the smell test that's the same it just doesn't pass the smell test it just doesn't smell right when things don't smell right you start looking like you don't want to be a part of it and that's my general philosophy I'm not saying don't trade the coin I'm saying just don't I don't believe in any of these coins I just use them to pedal hate for money that's a joke I don't do that, I don't pedal hate I'm not a republican that's also a joke going back to adi it's not a bad buy it's not a bad buy I don't know how much it will go up buy but in terms of sort of quarterly sort of structure and higher time for structure it's decent we offloaded some on the lows it's not too bad especially if bitcoin acts right we can definitely put it I'm just waiting for bitcoin to hit into this and after it hits into this we should get some buys some trap buys and this should start flipping green if we move back a bit you can see this whole area is starting to shift green past this point we have this sort of nice little roof over our heads and again a lot I can't say that I'll defend the word there are many people who are secondised by someone they don't know because they're made I think like I don't know I know a lot of potential people but then again I'm surrounded by like some middle class like double spoon kids and they're British like British people just always come off pretentious I don't think child husband is British I mean it's probably some cultural things as well but like to me British people always seem to come off a little bit pretentious they just always feel like they're superior it's just like oh yeah it's the bad tea it's just the accent I think some British people in them just like oh god damn they just think it's so much better than I what I do man I just thought I bought a water but then it's just up across people but like pretentious people it doesn't mean that you have to actually smile it's just your attitude it's just how you grow up most geniuses don't really grow up being pretentious because they usually grow up humble they either grow up in communist China or another communist country nowadays it's a joke I agree, don't know about price, can't go left I think nothing's happening I think we can probably call it today it looks pretty boring but I mean we'll do it once over answer the door once over we got whipsaw timing wise we're looking for 2pm here and also one one one we had our 8.30 tpi we had our whipsaw we're probably expecting another sort of sets of whipsaw we're looking at the weekly ranges as a target in terms of essential buyers hit knock out the daily New York range alongside the weekly was the way things are moving first sort of level and first sort of sets is 1900 where we have this sort of volume print here is our sort of first level area here we already came into this sort of more consolidation pull back up hit back if we sort of come in and open a day high here we definitely whipsaw this up with I think that might be the case here we do a lot of sort of tomfoolery today but it's just ignore what the price is just look at sort of timings and see what see what patterns are printing relative to the time and I think that's sort of the best strategy for today and I think that has been for a while now ignore what price is doing just look at time and there you go time here, time here, time most things have been time based and they'll continue to be time based so we'll see what 10 o'clock brings and if we end up if we end up having a in 9.30 sort of spike high 9.45 high 10 take high then pull back down you may call them vectors I don't care just say or do whatever you want but that'll sort of bring out prices but ideal scenario and the best scenario for me is they take this then they pull that pull down open a low position into a long that's sort of why I want but you often don't get what you want and that might be evident today so we'll see if we get what we want again we're looking at 1911 here you'll see that drop again 1800 at the low we'll see what happens and to the entirety of the day it looks like it's going to be an interesting day full of bigs and jags bigs and jags yeah whatever you hope so make sure you trade safe and pay attention to sort of the news and I know mostly I do this with regard to news but it's always nice to sort of know what time they're happening you don't need to know the outcome most often just within the charts but the time is always important have a lovely day guys and make sure you guys trade safe I'll catch you guys same bad time same bad channel peace


Get this and get it straight. Crime is a sucker's road and those who travel it wind up in the gutter the prison of the grave. This started with a terrified woman lost in a maze of memories she couldn't explain and waiting for outside an open window was death. From the pen of Raymond Chandler, outstanding author of crime fiction comes his most famous character in The Adventures of Philip Marlowe. Now with our star Gerald Moore, starred as Philip Marlowe. We bring you tonight's exciting story, The Open Window. California's a year-round kind of place. Where each day blends into the next with a sort of sunny indifference. But the one just passed had been a little special. It was the cool, crisp autumn weather that reminded you of the East. Where autumn meant kicking your way through knee-deep drifts of brown and yellow leaves. Along a rutted country road that hinted of adventure at every turn. Yeah, that's the kind of a day it had been. But now at a little past date as I stood at the window of my third-floor apartment and stared out over enough improved Los Angeles real estate to house maybe half a million people that tonight I wanted no part of.  In here everything was in order and cozy. I could read if I want to, write a letter if I want to, or just relax with... No, no. Is your name Philip Marlowe? Yeah, why? Because I have that name and this address written here on this card. I think I was supposed to see you. Do you know me? Well, no, frankly, I don't. What were you supposed to see me about? Who are you, Mr. Marlowe? I mean what sort of business? I'm a private detective. Wait a minute, wait a minute. It's not that bad a racket, baby.  Come on. All right. Thank you. There. Sit down, won't you?  No, thank you. I just need to rest a moment. Oh. I've been walking for hours. Well now, tell me, what is it? A man, I think. Someone's been following me. I was followed here, I'm sure. I don't know why. Really? This is Los Angeles, California, isn't it? Yeah. I keep thinking, that is, I feel as though it should be Vancouver, British Columbia. Oh. I don't know how I got here or why I want to see you, but I've walked until I'm nearly exhausted and I found that I'd written your name and address on this card here, so I decided to come and try to find out. Well, now tell me, do you know who you are? No, I don't know who I am. Uh-huh. This man you're afraid of, do you know him? No. But I believe he knew me. He reminded me of Vancouver and that frightened me. I seem to remember I saw him a year ago. Maybe it was just a day before yesterday. See, I'm crazy, that's all. But I can't help it, I can't remember, I can't- Yeah, yeah, take it easy, now you better lie down on the door, man, that's it. Come on. I had a girl. Look, I think we ought to call a hospital and see it. Stay where you are, it's a company in the hall, maybe for us, now just take it easy. Hey! Hey, you, hold it! Hold it up there! Oh, great. Who was it, Mr. Marlowe? I couldn't see. Don't let it bother you now, honey. It's probably just one of my clumsy neighbors. Never watches where he's going. You know, the other night- Oh, stop, please. All right. Whoever was out there was looking for me. I know he was, I know it. Now, look, honey, isn't there something you can tell me? Don't you remember anything? No, I don't know. Here, look in my purse, there are things in it I don't understand. Maybe there'll be some help. Key, address on a piece of brown paper. 8400 North Virgil, Tompkins. Does that mean anything to you? No. Little snapshot album with one of the pictures missing. Oh, wait a minute. I remember now. That was stolen. Good. But I don't remember what the picture was. Oh, please, please try to find out who I am and why I'm being followed. Please try to find out why I'm afraid. All right, baby.  I won't bother anything. I'll wait right here. Oh, I'm so tired. I figured what she needed most was rest, and she was getting that fast, and I found a person in my pocket, snapped a lock in my apartment door and left. My first stop was the phone downstairs in the lobby, where I found out that the missing persons bureau had no one on file answering her description. My next stop was 8400 North Virgil. A half hour later, I found it. A crumbling, stucco-rooming house in a weller of knobby hills, huddled with other ramshackle houses that years ago had abandoned any hope of beauty. In the face of the leaky, bobbing oil wells that had invaded the neighborhood of greasy grasshoppers, I walked past one of the creaking monsters in the front yard, then down a grimy hall with door-marked manager, Jacob Philpots, below which some neighborhood wagging pencil stinks. It wasn't funny. But neither was Jake Philpots. Yeah, yeah, yeah. Speak up, Sporty. I'm very busy killing a soldier. What's on your mind beside your hat? Okay, Kamek, I want to see Tompkins. Oh, you want to see Tompkins for you? That's what I said. Come on, Blue, flew the coop. Took the 500 berries and shoved off two hours ago. For where? For his whole town, I guess. Vancouver, this way up in Canada. Which is a long walk, Sporty, so you better get started. Wait a minute, Jake. Where did Tompkins get the 500? Well, some classy guy gave it to him. Classy guy? Why? Well, I had to get out of town and stay out. So he does. But first he pays back all his back rent with a bottle besides. Wasn't that sweet of him? Had stuff over there? Yeah. He must have hated you. Who was the classy guy? Why do you want Tompkins out of town? Why do you want Tompkins out of town? Well, how do I know? What am I in a cycle preview?  I want to know who the guy was, and I want to know. So you're going to stop pushing us? Do you want to fight her? Okay, put him up. Come on. Take it easy, boss. Take it easy. You'll beat yourself to death. Now, let's negotiate. I'll pop up against the wall and I'll talk to you. What about a price for another bottle, that stuff? I wouldn't like just another bottle. That's what I said. Oh, well, that's different. That's really nice of you, Sporty. Not really, kid. I'm trying to poison you. Now, what was Tompkins' racket? Oh, a gardener, a carpenter, a handyman. Nothing much. What else? Who was the classy guy that bought him off? Let's see. He had his name right on the tip of my tongue a minute ago. His red-headed, flashy dresser had a sort of a... Oh! Oh! Palmer, Palmer! Yeah, yeah, yeah, yeah. That's it. Palmer, there. Very good. Now, one more. Where can I find him? Well, he said something about running the pearls. You got it? Yeah, it's a dive on Highland. Thanks, Phil Potts. Oh, but don't thank me, Sporty. You bought it, remember? This brand comes to 750 with tax. Don't kid an old kid of Jake. You can squeeze that junk out of sour potatoes. Here's a spin. Sour potatoes! Here's a happy hangover. Outside the smell of the oil well as I passed it was welcomed by comparison to Jake, which made it tough to reconcile anything I'd seen at 8400 North Virgil with a girl asleep on the dive van in my apartment. As I drove back to Hollywood then down Highland Avenue the night was still strangely quiet. Everything seemed to come in whispers. Even the hunch I had that the vanishing Mr. Tompkins had sold out dirt cheap to the boss of the pearls. Near Third Street, I spotted the place. Parked a ways beyond it and walked back. It was one of those dumps that dealt in bad bar whiskey. Second-rate buck and a lot of darkness. I shook off a brace of lost weekenders on my way through. I made it up the stairs to the offices where a block of orange light on the floor and a two-tone conversation told me to stop, look and listen. I have to show you, huh? All right, no, I will. You're not easy to get over. I still love you and I've missed you.  About Cooper? About Cooper Gerard. I don't believe you. Oh, but you should, honey. You see, Norman, it's not about him specifically, but about a woman. A woman who's all wrong, who spells trouble this deep and I can prove it. I went to work on it tonight and things are gonna be different from now on. All right, buddy. Buddy, I wanted you to tell me about it.   All I want to know is where is it? I said beat it and I meant... Never mind, Buster. It doesn't matter anymore. My presence is now known. Come on in, Junior. You can hear better inside. I doubt it. I'll inhibit the performers. But thanks anyway. Buddy, all I want to know is... Now try the end of the hall and left. It's usually there. Okay, thanks. It's all I want to know. Hello. Hello. What do you want, mister? Make it snappy. Okay. Why'd you pay Tompkins to leave town tonight? Tompkins? Who are you? Marlowe, gonna answer the question, Parmelay? Well, I certainly didn't pay him to leave town. I paid him for some work. Carpenter work, why? What's the matter, Alan? Feel the whip-handle slipping? Not a bit, baby.  I'll call you later. Oh, here's your cigarette case. My cigarette case? Yeah. Take it with you. We'll get in touch later. Okay, Alan. Good night, Marlowe. Good night, Miss... A castle. Not that it'll do you any good, Junior. That's a cute kid. Smart, too, I'll pay you. All right, all right. Why are you interested in Tompkins? There's a certain lady who's interested. And a lady's name? Not in your business. Okay. Go on. Miss Key, what door does it fit, Parmelay? How should I know? Have you got anything else? Isn't that enough? There's not enough to worry about, Marlowe, so I suggest that you leave. And in case you have any doubts, this thing goes off awful easy. I see your point. Yeah. And I just as soon shoot his nuts, so start down those stairs, and don't look back. I bust for a couple of the boys. They'll be at the bottom. They'll help you out the front door. Oh, and Marlowe, take some advice. I don't like your type, so don't come back. The boys escorted me politely as far as the sidewalk and gave me a send-off that piled me into the gutter. It was my own fault letting Parmelay get the drop on me, but it was farther ahead of me than I figured. In fact, I was lucky all I got was the bounce. I limped back to my car, got in and started home, but something about the trio of Norma Lacasso, Parmelay, and a broker named Gerard was offset it. And Gerard's connections were too strong to pass up. So I decided to let the pale woman asleep in my apartment go right on sleeping while I stopped at a phone booth. Found only one Cooper Gerard list. Didn't he at 8112, North Orange Drive? It was a lonely house up in the Hollywood Hills. I tried the bell and got no answer, but I knew he was there. I slipped the enigmatic key out of my pocket and listened to the music coming from inside. I stuck it in a lock. It turned just as the footsteps inside, so I pulled it out fast and let the party on the other side of the door do the honors. What is it? You're Mr. Gerard? Yes, I'm Cooper Gerard. What is it? I'd like to come in and talk to you. My name's Marlowe. I'm a private detective.  Why, that's Margaret's album and her key. You found her, Hirishi. What's happened to her? She's safe. Come in the upper room. Right. So her name's Margaret, huh? Margaret what? Veezy. Margaret Veezy. But where is she? I've been frantic. I called the police. She left the house this morning and didn't come back. It's late now and in her condition, I'm afraid that something... What is Margaret's condition, Mr. Gerard? She was injured in an auto accident a year ago last July up near Vancouver. It affected her mind. Oh, but please, where is she? I must get... Just a minute. There are some questions that I'd like answered first. Exactly. What is Margaret Veezy to you? Well, until July 9th, 1948, when that horrible accident happened, nothing, merely a hitchhiker. My wife and I were motoring back from a vacation in Canada. We picked Ms. Veezy up on the road. In the accident, Grace, my wife, was killed. Ms. Veezy seriously injured. All I knew about her was that she was alone in the world, so there was no one to help her. Well, since I was driving the car, I assumed that responsibility. It was the least I could do. I stayed with her in Vancouver until she'd partially recovered and then brought her here. She's been with me ever since. Now will you please take me to her? But the story doesn't end there. What do you mean? Margaret Veezy's in trouble and she's scared. What do you know about a man named Tompkins, Mrs. Why? Nothing. I don't know any Tompkins. You do know a Norma LaCasso, don't you? Norma? Of course, Mr. LaCasso and I are quite good friends. What about Alan Pomaly? I've heard of him. He runs a nightclub, I believe. That's right. Now tell me. Can you tell me why a third picture is missing in the album? What's that? Let me see. This is very strange. Margaret cherishes every picture in this album. She thinks that one was stolen. Any idea what the picture was? No. I can't imagine why it was stolen. All the pictures were simple, harmless snapshots. I can't remember the one that's missing. Marla, what does all this mean? What's it all about? Well, as near as I can tell, there's some kind of nasty shakedown brewing. I don't know how or why, but Alan Pomaly's behind it and Margaret Veezy's caught in the middle, so it involves you, too.  She's asleep in my place. You didn't leave her alone? Oh, you shouldn't have done that. Couldn't you tell from her mental state that she isn't responsible? For two days she's been moody, she's been talking about suicide. She might... Marla, if anything's happened... Save it. Come on, Gerard, let's travel. In just a moment, the second act of Philip Marlowe. But first, by the time you've listened to Johnny Dollar, Philip Marlowe, gangbusters and Escape and the CBS All-Star Saturday Night lineup, you may be in the mood for some sleuthing of your own. So try it with Sing It Again and The Phantom Voice. Don't always let the other guy or gal solve the mystery. Try it yourself with Sing It Again on most of these same CBS stations every Saturday night. Now with our star, Gerald Moore, we return to the second act of Philip Marlowe and tonight's story, the open window. It took ten minutes to get from Gerard's house to my place. I knew because he reminded me of each one as it passed. But when we turned on the Franklin where we could see my apartment house, the word hurry stuck in his throat. An ambulance was pulling away from a tight knot of people standing on the concrete driveway beside the building. And three floors above them glowing like a single, ugly, unblinking eye was the window of my own apartment, wide open. Even before I could stop the car, Gerard was out and running toward the crowd. Who was in that ambulance? It was terrible. She fell out of that open window up there. Did you say it? Oh, nobody saw it. Yeah, it's bad, brother. They say she'd been laying here on the concrete for at least a half hour before anybody got to her. You've been sequitered around here. Tonight I'm surprised that you're out. Wait, tell me, was she dead? Just about. They don't give her a chance.  The police are up there now. They're trying to find out what's going on. You say the woman came here to your apartment, Mr. Marlowe, and asked you for help. Is that right? That's right, officer. She was frightened and exhausted. When I left, she was asleep on the dive van there. The door locked, Marlowe. Yeah, it's got a nightlight, Gerard. I snapped it myself. And you left her alone, right? Mm-hmm. Well, take a look around. We'll just see if you can find anything to indicate that an outsider came in while you were gone. What makes you think there was an outsider here? Because I don't think she fell. Marlowe was a mental turmoil officer. She's been despondent. It's possible that she jumped. Yeah. How many people have you heard of that jumped out of a window backwards, Mr. I think she was pushed. Pushed? Yeah. Come here, both of you. I want to show you something. They did five scratches where fingernails had clawed the paint off the casing. The one that had to be made by her thumb was the lowest. It was true she'd gone out backwards. As the officer explained that to Gerard, I stared down at the dwindling knot of people three stories below.  Now, Mr. Marlowe, what about this cigarette stub with lipstick on it? Cigarette stub? Hey, that's exactly what I'd like to know. Gerard, where does Norma live? Never mind what I think. You go to the hospital and find out about Margaret. I'm going to pay a call on Norma LaCasso right now. She's a type to be jealous enough to... Marlowe, listen, you're making a mistake. That cigarette stub must be Margaret's, because Norma doesn't smoke. But Norma doesn't smoke? And what about the cigarette case? Hey, Buster, you better check with Lieutenant Matthews at Homicide. I'll see you later. Hey, come back here, Marlowe. The Hillcrest departments fit Norma LaCasso to a T. They were sleek, soft tones of burnished wood streamlined in glass and just enough chrome around for glitter. And when she answered a door in glossy green lounging pajamas edged in gold smiled and tossed a head of hair that was almost burgundy back from her face I knew what Alan Palmley meant. Loving Norma LaCasso would be hard to get over. Hello, Junior.  It's fast, you know? Skip it, baby. I'm coming in to your mind. No. Will it do any good? Mm-mm. Get comfortable. I'll make sure to drink or something. Hey, Norma, you know Margaret Visey, don't you? That peculiar girl that stays at your aunt's place? Yeah, I met her a while. A little while ago she dropped three floors from an open window to a slab of concrete. Lay there over 30 minutes before she was found. Oh, Marlowe, that's dreadful. I'm sorry. Don't look at me like that. I mean it. I like Margaret. So do I. What's more, she didn't fall. She was pushed. Oh. Got a cigarette? Oh, sure. Here. Catch. Thanks. Oh, just one cigarette toss like that? Your man is a lousy. You're supposed to pass the kiss and let the guest help himself. Marlowe, you're hurting. I'm gonna keep right on twisting until that solid gold cigarette case drops. I just want a head door about men. They're fools. That's better. A gorilla. All right, to help yourself. The picture's there under the bottom layer of cigarettes. But why it's important to be on me. It's important to palmily, baby, had you smuggled out of his office so I couldn't find it. Oh. Margaret and Gerard, it's some little amusement park. Mm-hmm. They're Vancouver, probably. She told me how he used to take her out while she was recovering from that accident. So what? Even the autographs ought to make no sense to me. Yeah, this one's hers. Yeah, we had fun this day. This must be his even the hardest day in Vancouver's history. Now, that's it, muscles all of it. Now will you apologize for these welts on my arm? I don't get it. The whole deal's screwy. The only way it would make any sense is if... Norma, where's your phone book? Over there, under the phone. Mm-hmm. Why? Just an idea so fast. Stick around. Let's see, U.S. government. Or assets, warrants, as mentioned. Weather Bureau. Planetological records, yeah. Mutual. Six, four, four, two, one. Hello, listen, can you tell me what the hardest day on record in Vancouver has been? I mean, the date. Do you have that information? British Columbia? Yes, we've got it here. I'm pretty sure. Just a minute. What's that supposed to prove, Bob? I'm not sure yet. Yes, we've got it. Hello? I'm here, go ahead. The book says the hardest day up there was on July 3, 1948, when the temperature reached 92 degrees. Some heat record, huh? That's a nice place, Vancouver. I was up there one year. Yeah, thanks, friend. The Weather Bureau just lifted a cloud from a lady's mind. I hope you did it in time so long. You found out something big, didn't you? It works. Well, aren't you going to pull a gun? They always do about here. Not me. I've got concealed weapons. You've also got dollar bills and your bloodstream instead of corpuscles. But you're smart, baby. So take a tip. Stick close to home. Don't even use the phone.  I'd like to keep you that way. Thanks. I'm going to take your word, Junior. But what does it mean? Trouble. Just as soon as I can stir it up. Good night. The norma isn't the time to be gone by. I figured my best bet was Gerard's place, but I was wrong. It was deserted, so I took the next best, which was Alan Pomley's The Pearls. It was well after 2 o'clock when I got there and the club was closed, but the lights were on, the offices upstairs. I parked, slipped around to the back and up a flight of iron stairs to a metal door at the top. I pressed my weight against it and very gently turned the knob. And tugged softly and it swung open without a sound. Voices in the same square of orange light on the floor said that Pomley's office was open again. So I eased my gun into my hand and moved until I could see him. A pair of jackals coming at terms over the carcass before. Since I know your little secret, Mr. Gerard, the proposition I'm offering you is perfectly fair. What is it? First, that you stop seeing Norma Lacasso. And I mean stop. Go on. Second, that you deliver $5,000 here to me by the end of the week. You must have got a lot of insurance on your wife, Gerard. Double indemnity, too. Am I asking too much? Blackmail leaves me no alternative. You're so right. How did you find out that she's not Margaret Visee? Ha, ha, ha! A beautiful break. When you started seeing Miss Lacasso, I began checking up on you. And two days ago, that checking up led me to the strange woman you called Margaret Visee and the character named Tompkins. Ever hear of him? No. An itinerant gardener who was looking for work at your place. Also Gerard, an itinerant gardener who knew your Margaret Visee. Who knew her as someone named Grace. And Grace Gerard Lest, we forget, was your wife. When he called her, Grace, it's scared that she couldn't do it, but I could. So I see. Where is this Tompkins now, Parmille? Ha, ha, don't worry about him. I sent him away.  He used to be a gardener on the wealthy side of Vancouver where your wife lived. Small world and... Very small world. Now, wait a minute, Gerard.  I knew something like this would happen someday. My wife was getting her memory back. She was beginning to remember things. To realize that she wasn't really Margaret Visee at all, but that Margaret Visee had died in the accident. And tonight, I pushed her out of an open window. The doctors practically assure me that she'll be dead by morning. She won't be missed, and neither will you, I'm sure. Excuse me, a bellie, Gerard. If you move one inch. You, Parmille, come around here with me at desk. Come on. This time I'm glad to see you, Marlowe. You're the lesser of two evils. That's great. Well, it was a sweet story, fellas. Between you, you left out only one thing, the picture. You got it from the little album because you needed some tangible proof, didn't you, Parmille? And it cinched the deal because the accident happened on the 9th of July.  Six days before he claims to have met the girl. Picture? How'd you manage to master-stroke Gerard, the switching identities in the first place? Come on, talk! We're near him! It was a mistake. Both Miss Beasley and my wife were in the car at the time of the accident. The car burned. Then somehow or other later at the hospital, Margaret Beasley, who died, was identified as my wife, Grace.  You know, Gerard, I hope you make a break for it just once before we get the headquarters. Let's go. You two, Parmille, move! All right, but you'll have a hard time sticking me, Snoop. I haven't done anything. Oh, yes, you have. Attempted extortion as of right now. You just incited a rat! Dr. Gray, do a receiving ward, please. Dr. Gray. She's in here, Mr. Marlowe. Sure it's all right if I see her now, doctor. After what you've just told me, I think it's a good idea. Her condition has changed somewhat. She's responded better than I expected, but she can use some fighting spirit, some spunk. Maybe you can give her that. We can't. I hope so. And don't stay too long, that's all. Hello, Grace. I'm Philip Marlowe, remember me? Yes, I think I do, Mr. Marlowe. I'm glad to see you. Oh, good. I just stopped by to tell you that I have all the answers to those troublesome questions in your mind. You don't have to be afraid of them anymore. You've got nothing to worry about now except getting well. Thank you. It's all hazy back there. I can't remember where I've been. You've been away, Grace, for a long time, but now you'll be going home soon to your friends. Believe that. I'll run along now and come back tomorrow when you're feeling better. We'll have a long talk then. Wait. Who is Margaret Veezy? The girl you knew once, briefly. And what I'll never forget. I went to sleep one night at my dive van. I don't remember. You will. Don't think about it now. Just think about home in Vancouver. You'll be there soon, I promise. That sounds wonderful. It's lovely in Vancouver. Yeah. That's what the weatherman says. Good night, my dear. When I finally got home, the air in my apartment was thick. Full of stagnant fear and stale tobacco smoke. So I went over the window to open it up. But there I stopped because I remembered standing at that same window earlier that evening. Standing there thinking how happy I was that it was out there. How happy I was to be inside looking out. Then I saw again the five deep scratches on the casing. Inside looking out, huh? There was a guy once, a long time ago, who said something like, no man is an island, an entire of itself. About 300 years ago he said that. Any man's death diminishes me. Because I'm involved in mankind. Sure. This time it was a wrestler on the skids. A quick change artist in an alley and a girl with an eye for angles. All met destruction because 100,000 easy bucks caught him in a stranglehold. Which none of them wanted to break. The next time you're in the woods, make sure that cigarette butt, that match or that campfire is completely out. Only you can prevent forest fires. This is Paul Masterson speaking. Now stay tuned for gangbusters, which follows immediately over most of these same stations. This is CBS, the Columbia Broadcasting System.


I should begin by announcing that I too like Ike, and he is my favorite president of my entire lifetime. I don't know if there's so much reflection on his brilliance as a chief executive, as the dismal failure of some of the people who followed him, particularly the current Cretanist head of state. I hope we'll be rid of next year. I would like to begin my remarks by thanking Eric Stradegos, who is subsidizing my presence. I am especially delighted since Eric and I are friends and see each other all the time, at least once a month, at a Japanese bistro, which is about half a mile from my house. And because of my advanced age, Eric is nice enough to drive all the way from York, Pennsylvania, about 25 miles to meet me. I had no idea that he was going to sponsor me, but I shall gladly accept his act of kindness. I feel a little bit out of my element, as I tell people, speaking on an economic subject, since by training, I am in a story of political movements and European social intellectual history. But I am interested in the topic that I intend to address, which is the plan for digital currency that will be distributed by federal banks. As my remarks should make clear, I am not very happy with the prospect of that happening. And one of the things that sharpened my interest is that the November issue of our magazine, which I'm editor-in-chief, Chronicles, will deal with the future of the American dollar. And this got my mind focused on digital currency after I read an article that was very critical of it in the Wall Street Journal. And I did further research, and the upshot of which is the presentation that you are about to hear. Allow me to begin my remarks with a broad generalization. Whatever the modern, self-described, liberal democratic administrative state claims to be doing in the name of disadvantaged people is intended primarily, and perhaps exclusively, to increase government control. Further, whatever the same regime purports to be making our lives more comfortable, more agreeable, we may assume that our freedom and property rights are under assault. Therefore, when I read about an executive order issued by the Biden administration last year regarding a plan for digital currency, I naturally suspected something quite dire. A story that appeared in The New York Times on July 22, 2021. Describing a plan to help the unbanked engage in financial transaction told the discriminating reader all he had to know about government-run digital currency. Banks right now throw at just about anyone who enters their facilities, save for the most unreliable deadbeats, the chance to access their services. How many people out there just don't have the means of filling out a banking application because of some insurmountable difficulty? Possibly about as many humans as those who can't show voter identification but feel excluded from the democratic process if they can't have their votes for the Democratic Party certified and then perhaps counted twice. Another clue about the government's intention in pushing central bank digital currency, CBDCs, while cutting back on the use of paper money, is that this policy is being introduced bigly, to use President Trump's term, in China. A country hardly known for its high regard for personal liberties. Chinese are no longer required to trade in paper yuan but can access electric allocation of credit, which allow them to buy commodities and engage in business transaction. A similar process would be open to us in this country, supposedly, if central banks' uninstruction from the government were authorized to issue digital currencies. Although we might be told differently, sooner or later it might become feasible under the new arrangement to ditch paper currency entirely. And there have been plans like this discussed in other countries, in Germany in particular, I've been reading about this. And a plan that would really cut back on paper currency in favor of digital currency is something being considered by the German government at the present time. We'll then carry out all our financial dealings electronically with government-issued electronic currency and receive electronically-issued compensations for our labor. A further benefit of this innovation, or so I've been assured, is that it wouldn't be necessary under the new system to worry about non-authorized digital currency like Bitcoin. The government and central banks would be making a safer product available to us, which would benefit particularly the unbanked. We should also hope that Bitcoin would then vanish as a fake alternative to real that is government-guaranteed digital currency. The problem with this argument is what it fails to reveal. Central bank digital currency can expand the market for an unauthorized credit because it will drive investors to operate outside the purview of Big Brother. It is precisely the government's involvement in digital currency that will cause traders and investors to look for alternative means of issuing credit and even creating makeshift currency without having the government breathe down their backs. The government's intention to control financial markets and investment through this innovation should be obvious. Who invests where, how much and when will depend on obtaining the needed capital from state bureaucrats? Perhaps under the influence of party functionaries. The attempt to present CBDCs as a courtesy that the state will be providing grateful citizens as patent nonsense. The government's digital currency issued through central banks will more likely help concentrate financial activity in the hands of the state. Government officials will then drone on about equity while extending electronic credit to some but not others. This will have the predictable effect of creating clandestine financial activity. Eswar Prasad, an economist at Cornell and the author of The Best Seller, The Future of Money can hardly be accused of being a right winger. Prasad is a frequent contributor at Brookings and seems generally in favor of extensive government economic planning. But when it comes to government run digital currency, he points out its downside even while noting this plan may reflect a noble purpose of banking inclusion. There's an obvious issue of privacy according to Prasad. Quote, a digital currency could allow government to track every transaction a person makes no matter how minute. Further, quote, a government could make it impossible to spend the digital currency on things that the ruling party deems problematic. The government could also make transacting with certain people difficulty or impossible. China already has a social credit system that ranks citizens rhythmically and punishes them in various ways, unquote. Does anyone care to speculate about those political outcomes that CBDCs will likely produce?  Does anyone in this room doubt that the government might weaponize digital currency in order to suppress opposition to its rule? Given all that we've observed of the Democrats in power since not 2021, should we imagine anything else happening in those circumstances? And why would I believe the opposition would prevent that outcome if it were allowed to win the next presidential race, which it probably won't be. The Republican record of reigning in government overreach has been something worse than anemic. From CNN, we learned the following about the eventual widespread use of digital currency, quote, the rise of CBDCs could potentially threaten the status of the US dollar as the global reserve currency. Different countries will have a much easier time transacting with each other directly, removing the need for the US or swift a global financing messaging system. The argument, the takeaway here is the government is considering plans to introduce digital currency to offset the effects of this possible move by other major countries. But it's hard to see how government control digital currency would benefit most Americans. Many of our commercial transactions are already being conducted through digitally transmitted credit, even without the state overseeing who receives what. An article in the Wall Street Journal on February 7, 2023 makes clear, quote, that a CBDC would empower the feds, but not Americans, unquote. In the end, it may pay to consider the broader context of the government's actions in the economic sphere to understand how digital currency would advance long-established political goals. Let us reflect on how the government is presently carrying out its economic tasks. The Biden administration to its discredit has already caused inflationary cycle through reckless spending and irresponsible energy policy. Biden's secretary of the treasury clearly lied to us when she assured the public that inflation would make more disposable income available to more American families. The removal of American energy independence was definitely not a move intended to strengthen our dollar. And the predictable effect of that disaster was to weaken our currency by putting us in the situation of having to beg other countries to sell us their energy at higher and higher prices. In a carefully researched essay for Chronicles, our foreign policy editor, Sergei Trifkovich, observes that much of the decline of the American dollar as an international currency resulted from the American government's decision to restrict the use of American currency, less to many dollars fall into the hands of hostile powers. To quote Trifkovich, a backlash was both predictable and inevitable in the five years leading up to 2021. The share of the dollar in central bank reserves fell from 70% to 59%. Dollars held by non-American banks fell from 7,085 to 6,471 billion between December 2021 and December 2022. The Greenbacks accounted for 2 thirds of the world's monetary reserves in 2003, 55% in 2021, 44% in 2022. The decline of the 8% in the space of one year is remarkable, equal to 10 times the average annual rate of decline of the dollar's market share recorded in previous years. In all these activities, it is possible to see how the modern administrative state operates in economic affairs. It presses onward even when its policies fail. It is not deterred by these failures, but works to take even more control in the name of equity, climate change, or in the present case, the unbanked. This critical perspective makes more sense than swallowing predictable bromides about the government seeking to help the disadvantaged by introducing CBDCs, according to Persaud, slightly less than 5% of the American population like Blacks Banking Access. We might also consider in this vein what Michael Rectonwall designates in Google Archipelago as governmentalities, agencies that appear to have an independent existence but which function as extensions of the administrative state and execute state functions. The most conspicuous of these governmentalities, in my view, is the mass media, which define and affirm the woke state religion in which assails any interest that stands at thwart the expansion of the central government. Ditto for major corporations would serve equally the state and the state religion, and which receive and return government contracts and the privilege of not being investigated for such grave offenses as allowing employees to misgender or failing to produce the stipulated LBGT quota for the workplace. Universities and institutes are likewise included among Rectonwall's governmentalities, something that should not surprise anyone who has bothered to notice these entities. It is also hard to miss the fact that Brookings Institute, whose fellow staffs move in and out of government, have been among the most enthusiastic advocates of CBDCs. According to Brookings, CBDCs would facilitate international commerce, reverse the dollarization in contrary to putative misinformation, not be accompanied by the gradual removal of paper currency. And least of all must we fear in this instance further government control of financial activity, state actors are supposedly helping us engage in safe transactions during a peaceful transition to a more global economy. Another obvious example of government agencies claiming to be dealing with finance but punishing enemies and rewarding friends is the IRS. This may be an even more brazen partisan actor than the Federal Reserve because there is nothing clandestine about how our tax collectors harass and shake down opponents of the state party. The Obama administration engaged in this activity uninterruptedly for years with impunity, and I'm still waiting to see if Lois Lerner and other IRS officials who targeted conservative religious organizations and Republican and libertarian critics and subjected them to painful audits that reveal that most minor tax infractions will be brought to justice. Perhaps we shouldn't count on that happening Lerner and her associates. We're doing the bidding of the state party which treats financial activities as a mere means of extending its power. We made note with satisfaction that some presidential candidates, namely Ron DeSantis, Vivek Ramaswamy and Robert Kennedy Jr. have expressed opposition to government-controlled digital currency as a tool for allowing the federal state to restrict our financial activity, to gather information on spending and to deny financial resources to those who displeased the state party in its minions. Minnesota Congressman Tom Emmer, a member of the House Financial Service Committee, has gone even further in opposing this plan which is already in the works. Emmer is sponsoring a bill that would deny the Federal Reserve the right to produce or manage the digital currency. According to Emmer, the simple legislation, quote, stops the administrative state under President Biden from introducing a financial surveillance tool that could undermine the very essence of our way of life, unquote, the assumption is that our way of life has still not been undermined, which may be an overly optimistic conclusion. On May 12, 2023, Florida Governor Ron DeSantis signed a bill that forbids the use of CBDCs in his state. The explanation accompanying the signing is that the governor and state legislature oppose any attempt by the federal government to oversee our disposal of money. Equally telling is this admonition against the immediate introduction of CBDCs issued strangely enough, well, not by the American Banker Association on September 13, issuance of CBDC would fundamentally change the relationship between citizens and the Federal Reserve, undermining the important role banks play in financial intermediation and exacerbate the economic and liquidity crisis and impede the transmission of monetary policy. In all fairness, it must be said that the Federal Reserve is not rushing that full throttle to introduce digital currency and report issued in January 2022, federal board members dwelled on the technical barriers that prevented the completion of the currency project in the near term. According to the Federal Reserve report, while the CBDC could provide a safe digital payment option for households and business as the payment system continues to evolve and may result in faster payment option between countries, there will also be downsides. They include how to ensure CBDC would preserve monetary and financial stability as well as complement existing means of payment. Most of the political support for digital currency, government run digital currency, let us make this clear, is not coming from the Federal Reserve. It is coming from the Democratic Party and from President Biden's handlers. But according to the Fed, when this is sort of surprising, they believe this should be done in a measured way without creating financial instability. Not surprisingly, the Federal report never mentions the obvious concern that the plan would put the government firmly in control of our financial activity. We were also given the misleading impression in this report, which I have not read to you in entirety, that the lockdown was something that just happened. The last time I checked, post-democratic governments almost everywhere in the Western world imposed those dictatorial measures. As a governmentality, however, the Fed who issued this report wisely avoided any mention of certain delicate matters. The cheerleading for this innovation is coming from the White House and from progressive legislators like Maxine Waters. Waters in particular seems dazzled by how expeditiously the Chinese are moving beyond their one-time dependence on paper money while centralizing all financial activities in the hands of the state. Since worst case scenarios usually turn out to be true, when we're talking about public administration, whose officials, as we know, vote overwhelmingly for the left in the extension of public control, we can understand why this cheerleading is coming from a leftist legislator.  For the rest of us, however, it may be good to keep in mind with regard to government-run digital currency what Ronald Reagan once declared to be the most frightening words in the English language. They are. I've come from the government and I'm here to help you. Thank you.


My fellow Americans, the campaign of 1984 is underway. This campaign is about what it was like four years ago and what it's like today. But even more important is about the future. I believe our Republican Party is the true party of the future because our vision, ideas and proposals seek to bring out the best in America by challenging the best in our people. The Great Opportunity Party believes in challenging people to do better. The Democratic leadership still insists on challenging government to grow bigger. Our vision of a strong, secure future rests on our confidence that Americans can continue making progress toward four specific goals. Strong, steady economic growth, developing the frontiers of science, high technology and space, strengthening our community of shared values and building an enduring peace. As a nation, we've already begun meeting the challenges we set forth four years ago. I won't rehash all the problems we faced, but from a collapsing economy to weakening defenses to rising rates of crime and poor educational performance, it was clear that America was in deep trouble. We were being led by a group of pessimists whose ideas had been threadbare for years and they hadn't even noticed. The realities of a changing world had long since passed them by. We said, if America is to be a successful leader in the world again, we must face up to the problems that had dragged us down and we must begin doing that by trusting the people again. We said that together we must meet the challenges of reducing the growth of government, bringing down inflation and interest rates and cutting tax rates to create jobs and get our economy moving again. And America has. We said we must restore America's ability to defend itself and fulfill its responsibilities as a trustee of freedom and peace in the world. And America has. We met our challenges before and we can meet them again. As for our first goal, economic growth, our position is clear. We've seen from the mistakes of the past and from the recent recovery that our economy grows best when earnings flow not to government but stay with the people and in the economy. That's why we must meet the challenge of simplifying our tax system, making it more fair, easier to understand, so we can bring personal tax rates further down, not up. With strong economic growth, we'll continue bringing down deficits. We must also control spending and one tool is a constitutional amendment mandating that governments spend no more than government takes in. Another is a line item veto so that a president can veto specific spending requests without vetoing an entire appropriations bill. Until the leadership of the Democratic Party supports these two long overdue reforms they should close their mouths forever about budget deficits. Our second goal, developing America's next frontiers in science and high technology and into the far reaches of space will enable us to surge forward on the crest of progress and peaceful change. We have it within our power to make astonishing advances in technology and medicine and that will make us a more competitive, successful and healthy people. Our greatest resources and hope for the future are the minds and hearts of our people. That's why our third great goal is to help revive America's traditional values, faith, family, neighborhood, work and freedom. Government has no business in forcing these values but neither must it seek as it did in the recent past to suppress or replace them. That only robbed us of our tiller and sent us adrift. Helping restore these values will bring new strength, direction and dignity to our lives and to the life of our nation. It's on these values that we'll best build the future. Finally, we must continue meeting the challenge of working for a more peaceful world in which individual liberty can flourish. Today we're at peace and this is good. I've seen four wars in my lifetime. I remember Pope Paul VI saying to the United Nations, no more war, war, never again. To continue the peace we enjoy. We must show clear support for our allies and exhibit strength and steadiness to those who wish us ill. Setting goals, meeting challenges, striving for excellence are key to the endless possibilities the future holds in store for America. It's not for the federal government to set those goals but we can help challenge Americans to challenge themselves in all areas of their lives and like our Olympic athletes to reach for greatness. I'll be speaking more to you about this in the days ahead. Until next week, thanks for listening. God bless you.


So I think life is about economics. The way I view life is a lab that before we put together policies to try to make the world a better place, we need to understand the underlying motivations for why people do what they do. And until we understand those motivations, it's very difficult to craft efficient public policies. What I do is I go out to the real world and I generate my own data via field experiments. So I don't sit back as a passive observer. I actually go out to generate my own data. Now I do that in the world of education. I've done work in the area of charitable fundraising. I've looked at questions on why do women get paid less money than men in labor markets. And in each case I'm looking at a specific problem about how I can manipulate incentives or modify people's behaviors using behavioral economics and then I test it using field experiments. So I'm not waiting back as a passive observer. I'm actually going out and generating my own data. I think that is the key difference between what I do and what a typical economist does. It always helps with a good example. Absolutely. So let's think about the world of education. In America there is a constant debate about whether teachers should be paid with merit pay. Should teachers pay be based on how well their students' achievement advances over the school year? Lots of debate on both sides about whether merit pay works. So one experiment I've run with my colleagues is I've gone into school districts and I've randomly allocated teachers into different bonus schemes. In one bonus scheme they're simply told at the end of the school year if your students achieve you can earn up to an $8,000 bonus. Let's think about this as a traditional bonus scheme. In another bonus scheme at the beginning of the school year I actually give teachers $4,000 and tell them if your kids do not achieve you have to give us some of that money back. So think about Danny Kahneman's work on loss aversion and how people are very averse to losses. That's what I'm trying to leverage here. You know what I find is that teachers in that loss averse group end up working a lot harder and their students end up achieving a lot more than students who are in teachers' classrooms under the traditional bonus scheme. So what that shows us is the underlying motivation for why teachers are working harder an important attribute is loss aversion but also that we can use merit pay to induce teachers to work harder. So at the end of the day we can make the world a better place by using incentive schemes. You know I've been coming here to Tilburg since 1998 and art to see how has been one of my mentors so I've visited Tilburg probably a dozen times since 1998 and what art has always taught me and what people around Tilburg have always taught me is that innovation is king. And out of the box thinking and reaching for a goal that is unseen is exactly those that we should be reaching for and I think experimental economics helps us to detail which of those unseen goals are the most likely to be there when we grab them and what is the best path towards that type of goal. And I think when you compare individuals I think that's a very difficult chore because that leads to incrementalism and in that way comparisons across people lead to this world of incremental change rather than revolutionary change and I think thinking out of the box is essentially a revolutionary change that essentially is necessary in many cases but not necessary in other cases. I think money is always an incentive but not always the strongest incentive I think our own work shows us that in many cases non-pecuniary incentives can be equally as powerful as financial incentives. Think about the example of social norms. We've been working with various governments around the world to try to induce people who have not paid their taxes to pay their taxes on time and what we've been finding is that social norms can be extremely powerful to induce people to pay their taxes on time. And another area that we've looked at is adoption of green technologies. So when you think about some of the most important questions facing humankind involve climate change and what we should be doing to take care of the earth. Now an important component of that solution will be what households do. So we've been looking at how can we use incentives whether they're financial or non-financial incentives to induce households to adopt green technologies. Now what we found is that to get a household to adopt a technology for the very first time norms are very important. To get them to adopt deeper technologies prices are important. So in that way norms and prices work as compliments and they serve together to bring us to a better solution. So I think prices are important but not always the most important variable.


So the best part about the Chrome Summit for me has been hearing about these APIs right as they're being worked on before they've actually hit the ground. A lot of people aren't talking about these on the circuits yet. I speak at a lot of conferences and usually I'm hearing about stuff that's fully baked or projects that were done six months ago and that's all very well and good but I feel like here I'm really getting in on the ground floor with some of these things and it's very exciting for me. My name is Brian LaRue. I work at Adobe Systems as a product manager. Don't hold that against me, I still write code. I think the API I'm most interested in from Chrome right now would be the service worker API. We're seeing it just start to land and this this gives the web a surface to not only interact with the network in a new way but gives us full offline capabilities which we really haven't had up to this point and it's been a huge point in favor of native apps so I'm hugely excited for that. Basically it's just great to be with the Chrome engineers and be able to talk to them on a very personal level. So for me personally it's about getting like this really personal connection to people working on Chrome and just having lunch with them. This is an incredible time. I think it's one of the biggest opportunities all of us will see in our lifetime in computing.


In my career as a service design practitioner for 12-13 years, one of the things that we held really dearly was to put our ego aside and to be the facilitators of solutions that people wanted to facilitate the process and to not get in the way, to really again to be facilitators. Now over the last few years my thinking around this is changing a little bit and the reason for this is that when you put yourself in the role of a pure facilitator, you're putting aside your morals, your values and you're putting aside the thing you could contribute to a world you want to see, to the solutions that you want to be putting into the world. And that's not good, I think we as a design community should show more leadership, should show more courage and the interesting thing is leadership and ego tend to get confused and mix up quite quickly. So the question in this video is basically how do we communicate our morals, how do we express our moral values in the work that we do without our egos getting in the way, without our egos blending and again getting in the way. Because again I think we need more leadership and it's good if we demand better solutions and solutions that create the world that we want to see. What do you think? Can we? How do we do that? How do we express our moral values without our egos getting in the way? I'd love to hear your comments on this. One thing that helps for sure if you have clients that embrace the same values and finding better clients is exactly what we talk about in this video. So how do you find better service design clients? Not an easy test but definitely something that is worth it. So check out this video and let's continue the conversation over there.