Gauthier Roussille investigates the impact of the digital industry on the environment and how we can actually reduce this industry's footprint, ecological footprint. One example is his own homepage. It's visually appealing, but it only loads in 450 kilobytes. Gauthier, stage is yours. So thank you for inviting me here. So my talk will look at digital industry, but in a broader scope, we're going to look and analyze what is digital industry nowadays, looking at what is possible to do within transition, which should be our goal altogether. So to just give me a sense of who I am and from which position I'm speaking of, first of all, I'm a designer. I don't know if there is much designer here, but it's quite a nice practice, I recommend. Which means I make digital services. I don't have technical expertise on programming or coding, but I do understand a little bit. But most of my work as a designer and also as a PhD candidate, I've been looking at transitions, policies, energy policies, environmental policies, legal policies when it comes to the Anthropocene and the paradigm shift that we need to operate regarding that. So within the scope of transition and climate crisis, environmental crisis, I've been looking especially at the digital industry, its footprints, the way it will evolve and if it's going far away from transition goals or if it's going in the same direction. I use sometimes the term low-tech, which I don't really like and I will explain later why, but basically looking at what does sustainable digital industry looks like, which is quite a long way. And also I'm doing a side research on economics as it is very interesting to look at that when doing this kind of stuff. At the same time, I was also director of an online documentary called Ethics for Design, looking at the responsibility of designers. When you put goods and services massively in people's everyday life, what is your responsibility? So today my position as a speaker will be mostly looking at at least making a transition politics argument linked to a social argument, but I will not focus on technical arguments per se, I will focus on techniques and technologies through the scope of transition, so please remember that I'm not that much of a technician. So first we need to set up the framework. I will not give you a lecture on the state of the planet right now, I don't think you need me to go through that and I think there is far better people to talk about that. Anyway, I prefer to talk about transition, so what are the targets? There is a first target, we all know it, that's a two-degrees target, Paris Agreement, which means we need to stabilize carbon concentration in the atmosphere to 480 ppm, particles per million. To stabilize that, to stay under two degrees average on Earth, we need energy transition, we need to operate energy transition and sometimes we reduce it to just shifting our energy mix to less carbonated, less carbon-intensive energy mix. When actually the first step is firstly to reduce energy consumption, then you can make it less carbon-intensive, but if you don't learn how to reduce energy consumption, there's not that much to do, so I'm going to go through that first. And first, because I think we've been talking about carbon quite a lot just before and also this morning with Chris Adams, but I realize that not that much people understand why we picked carbon between all the greenhouses, gases that are on Earth, why do we set up a target on carbon? Carbon has two specificities, time lag, residence time. First thing to know about carbon is on average, a particle of carbon that's just being emitted from your car will on average take 20 years to reach its maximum heating effect on the atmosphere. So when we are doing transition now or engaging food transition policies, we are doing it to have a result, an effect, 20 years ahead. So when we are doing stuff now, we are doing it for 20-40 on average. So which means also that the transition, I mean the emission for the next 20 years are known as pretty good estimates. Secondly, carbon has the highest residence time from all the greenhouse gases, one of the highest at least. It will take 10,000 years for all the carbon that we emitted so far to go through the atmosphere. We add carbon. It doesn't go through the atmosphere happily and going into the outer space. We add carbon. And the carbon that will emit today right now, it will stay at least for 1,000 years. And some of it will go through the carbon cycle and will stabilize, but we are adding more carbon in the atmosphere. And carbon has a specific nature of staying a very long time in the atmosphere. That's why our targets are looking at carbon because it has a maximum heating effect regarding its residence time in the atmosphere. So if we look at France, because you have to remember that in this talk, I'm speaking from the perspective of a French designer, and most of the work I've been using, or the research I've been using or I've made, is through the French perspective and the French research. So on average, on France, we emit 12 tons of carbon equivalent per person per year. In Germany, I don't know. I think you are roughly around the same number. What's interesting here is that digital industry in Cistoto is almost 1 ton and 200 kilograms of carbon equivalents. That's where we are looking right now with this talk. We are looking only at this small portion in green, in goods and services, but it's dynamically linked to all the other sectors. So when I'm operating transition in this sector, I'm also looking at how does it link to everything around. And we have to know that if we want to reach Paris Agreement, we have to stabilize our carbon emission per person per year to two tons. So in France, we have to reduce by 10 tons or carbon emissions per person per year. Roughly the same thing goes with Germany. So this is another calculation with a smaller amount because they don't integrate digital industry as much as the precedent one. But basically the road here is 11 to 2. And what's interesting, it's a French 2D looking at what is my responsibility as an individual to go to the target. And they estimated that with a realistic individual behavior change, eating less meat, not taking planes, using less carb by cycling more, I can only do one quarter of the effort needed.  So you cannot engage in individual behavior change without asking or fighting for systemic change. So here, most of the road that we have to make is through decarbonizing or making less carbon intensive industry, agriculture, transport, public services, energy production, things I cannot do for my own individual behavior. But my own individual behavior is needed if I want to act on a political scale, on a systemic scale. So we live in a paradox that every individual change is necessary but insufficient, but we need it. So looking back at digital industry, we need to frame digital industry in the 0.6 tons of carbon left for good and services. That's where we need to put new imaginaries, new ways of practicing digital in this target. And we have to share it with other good and services, closing and so on. So going quickly through the impacts of ICTs right now, in 2019, 3% of the worldwide energy is consumed by ICT. It's mean primary energy, fuel, coal, gas, nuclear power, hydroelectric power, everything that we need to power transport, boats, cars, your phone, data centers, 3% of worldwide energy is consumed by digital industry. Accordingly to that, no, we have almost 4% of greenhouse gases emitted worldwide are coming from digital industry. But there are only numbers, so we need to see how they will evolve. Right now, the gross rates of these two numbers are quite shocking. So basically, the energy consumption of digital industry is doubling every eight years, I think, yeah. 9% of gross rates. That's only industry worldwide having that kind of gross rates. And it goes with greenhouse gases emission, 8%. So which gives us perspective that digital industry in 2025 will be 5% of all the worldwide energy consumption and 7.5% of greenhouse emission. The fact is greenhouse emissions are going faster than energy consumption is because the increase of energy demand coming from digital industry cannot be absorbed by renewables. You need coal power plants or carbonated energy to go with these fast gross rates of digital industry. So if I look closer at energy, you can see that right now on the global average, 45% to 50% of all energy is used to manufacture. And the rest of energy is for making things work when you are using them. But it's a global average. And when we are looking at that, so in our calculation methodology, we have three places we are looking at, consumer equipment, networks, data centers. So we are looking at the energy consumption of these three places, both to manufacture them and to use them. But it's a global average. So if I look at a specific consumer equipment, like a smartphone, it will look like that. So mainly when you are buying a smartphone, 90% of all energy have always been used. And if you charge it every day for three years, it will be 10% left. So when you are using a phone, changing a phone, you are actually trashing 90% of energy. And then there is water, minerals, and so on. But I don't have time to enter on this topic. So today, the main impact of digital industry is manufacturing and producing electricity to make other infrastructure work. So when we think of web design or designing digital services, it's little compared to these impacts. But we need to think of services that enable to reduce these impacts. That's how we link it together. And these infrastructures have been used mainly for videos. So Chris Adams showed his graph today. I was part of the study that looked at the impact of online video on the internet. So mainly 20% of all data moving in the world is not video. 80% is video. So as Chris shows this morning, most of it is Netflix, pornography, YouTube, and others. The fact is, Netflix, with 150 million users worldwide, is basically representing 15% of the global internet traffic. And they've been doing that for, and they launched the streaming services 10 years ago, I guess. So that's quite a big growth rate. But since graphic, I want to challenge it because I was part of the study, so I also know its limits. Since it doesn't show pollution or energy consumption, it just shows you data moving. And 1 gigabytes of Netflix data, video data, has way less energy consumption than 1 gigabytes of banking data, especially if it's running on all data centers that have been updated for 30 years. Netflix is an incredible infrastructure, so moving 1 gigabyte through Netflix is less energy. So it doesn't represent energy consumption. It's just data moving. So how do we do with that now? We have a good, we know the transition framework in which we're operating, we know the impact. How do we do differently knowing that? First, we need to challenge the discourse that have been put up when we speak of internet and then digital infrastructure. When digital infrastructure arrived in civil society, there was two discourses. First, that it was dematerialized. Secondly, that it will create a global village. I think now we have enough data to say that both of these discourses were myth or lies. If anything, digital industry is hyper-materialized. It requires an astonishing amount of minerals, resources, water, energy, infrastructures that never been seen before for such a small, I mean, such a young infrastructure. So when you are dematerialized, you don't account for resources. You don't account for energy because there is no impact, at least in public discourse. When you think of a global village, it's quite an aggressive thing when you say global village. It means basically you are raised culture, geography, and history of places in which you are implementing your infrastructure. So I think we need to challenge these discourses if we want to look at what digital industry can be in a paradigm of sustainability. And we have to understand that because of these two things that have been said about digital industry, by default, at least in my perspective, most of the uses were created with the current digital industry by default, energy intensive or high energy based by default. I can show you quite easily with Netflix. So Netflix, one of the biggest data movers on the internet. But actually, when you think of it, being able to broadcast to 150 million user worldwide, high quality videos is already based on the fact that they don't pay that much energy. Secondly, to be able to incite people to watch more, to create an interaction of autoplay so people can watch, can see more and more videos, can watch more and more videos. It's because you don't icon for energy. It's not a cost. It's not really something that matters. But also to look at Netflix precisely, Netflix also created one of the very efficient network to broadcast its videos. So to be quite precise, when you are watching a Netflix episode, it will never go through the internet. Because in each data center of internet service providers, there is this little red box, this little service from Netflix, that's actually caching all the catalog every morning. So when you are clicking on Play on Netflix, it's just streaming you a video from that ISP data center. So it will never go through the rest of the internet. So it's actually very optimized a lot, the streaming services. But the fact is, even if it's very energy efficient, they are growing so much that the gain of energy are being completely overwhelmed by the gross rates that they are fostering through that practice. And yet, Netflix accounts for, if it was going through the internet for real, it will account for 37% of all the peak internet traffic. So if we look at the way we think of designing websites, applications, and so on. Normally, we start with money. Someone is giving you money and goals, targets, that we are in design with KPI, so key performance indicators that they will tell you, I want that much audience. I want that much engagements. I want that much people buying my stuff. Do a service, a web service, a website application so it can reach my targets. So from a perspective, you are giving money for people to move data, because also your data is getting back to the people paying for it. But in this framework, when do we think of energy? When do we think of resources? Because so far, we've been very good at creating efficient equipment. And in design, in the design practice, energy never really mattered. In computer science, it's different. We created fantastic energy efficient equipment. But the fact is, the more efficient our equipment became, the more we consume of it. So there is a constant rebound effect that is not giving us any possibility to transition in a less intensive infrastructure. So the fact is, we never account for energy. We never account for resources from the design side. And I've been trolling quite a few designers with that, asking them, can you make me a website for two watts per hour? Nobody knows how to do that. No designers. No designers can answer this question. And they might be very senior. I asked senior designers or junior designers. Nobody could answer this question, because energy never mattered. So from the way I see it, I'm designing from energy. So I start with energy budgets. Because my goal here is to reduce carbon emissions. To reduce carbon emissions, I need to reduce the amount of energy I'm consuming. To reduce the amount of energy I'm consuming, I need to reduce the amount of data I'm moving. And from that, I can decide how much money I'm spending to design a specific service. I don't start from carbon. It's very inefficient. And it's unfair. Because for most countries, if I give a carbon threshold, in France, we could do amazing websites, spending a lot of energy. Because we don't have a very carbon-intensive energy mix. Australia or USA will end up with very crappy websites. Because they will have maybe three kilobytes to move. So it's better to start from energy than from carbon. Because energy is fair to some extent. And it's more efficient to reduce. Because it's more important to reduce energy than to reduce carbon emissions. Because if you reduce energy consumption, normally you will reduce carbon emissions. So I did that with my website. When I start to realize all the blind spots in design practice, I'll go through my own transformation. So my website is consuming 1 kilowatt per hour for 1,000 visits. It's quite an average website. I mean, no, it's not average anymore. It's 450 kilobytes on average. And I will add a new thing in the next months. I will limit my traffic to 5,000 visitors a month. Because if you want to constrain energy budgets, if you want to apply a real energy budget, you need to constrain traffic.  And once there will be 5,000 visitors, then the other one will wait for the next months. And it's fine. It's not that important to get information all the time. So if you are not up to do all this calculation that I can explain with you later, I designed a Firefox extension that shows you the amount of data moving and shows the energy consumption and the carbon emission linked to this data moving from your brother and shows you where is the data going.  So I did that for a lobby in France called the Shift Project that also published most of the lot of the studies looking for digital impacts of digital industry. It's called Carbonolizer. So as I was saying, to do an energy budget, you need three things. You need to describe or to reclaim energy infrastructure. Where does your energy come from? It's very important. You need to reclaim the digital infrastructure, what is hosting, what is a network, on which user equipment, consumer equipment. So you have to define in which territory you're operating. So at that point, the global village is dead because you cannot be global anymore. You need to precisely know where is your energy coming from, which are the impact of the data center you're using on a specific place. And you need to decide about traffic. So now, when I'm working sometime with clients, we decide how much traffic they want to go for. And we put a hard cap on that. So a good example of that, I think you all know it, is the low-tech magazine. First, they reclaim energy. They install the solar panel on a balcony in Barcelona that is pouring a website. You can see the battery in the yellow part on the website. So first, they reclaim energy. Then they reclaim digital infrastructure. So they are doing the self-hosting with a Raspberry Pi. And they're not looking at traffic so far, but it will come. That's kind of the example I want to show you because the territory here is paramount to the design. You don't design stuff without knowing where it actually be, what is the materiality of what you're doing. So and you can see here in the footers also giving the weather for the next coming days in Barcelona where they're based and where the energy is coming from. And because I was thinking of low-tech, I just want to do like a quick heads up on when we speak of high-tech or low-tech. I'm coming from a social science background, especially anthropology of techniques, philosophy, political sciences, and so on. So I've always been shocked by the word tech. What does it mean? Is it technology, techniques? Nobody defines it. So I was interested to say that when we think of low-tech in our perspective of transition, we are speaking of low technology and high techniques. When you are speaking of high-tech from the Silicon Valley perspective, you are speaking of high-technology, low-technics, which means you are relying on black-boxing technology, making it less open to people, which means you will reduce drastically the skills and the knowledge that people can get from the technology you are deploying. So low-technics, low-skills. On the other way, when you think of low-tech, we are also relying on technology. You cannot do digital without thinking of high-technology infrastructure. But you are relying less on that. And you are relying on techniques. How do you spread knowledge? How do you share skills? How do you learn to maintain stuff is important. And I think you've been doing that for quite a while here, not telling you something new. But what's changing here is a perspective of drastically changing living conditions on Earth and also the material condition of production are drastically changing. So the way we've been extracting minerals, producing energy, using water for mining exploitation will change forever. And nothing will be the same anymore on that level. And as it's more of my anthropology side speaking here, but I've seen much more interesting stuff of empowerment of what is technology, what is digital infrastructure in other places in the world, especially El Paquete Semanal in Cuba, which is basically people coming to office in Cuba with a hard drive. They get one terabyte of TV shows, film, whatever, tutorials, books. And they go back and they pay a little fee for that. It's basically a content distribution network. Except that you don't need network. You just need your feet. Darknet in North India is quite interesting too. They don't have access to cellular or mobile networks as we can have here. So they deal with the problem quite interestingly. So sometimes there is a guy on a motorcycle with a little antenna and server in the back of the motorcycle. And it's basically going into every village in a specific place. He broadcast a signal. He creates hotspots. Everybody is sending that stuff. And he go from village to village. And he go back to the city. He plugs on the main network. And everything is sent. They also do that with bus that are picking up kids going to the school. Also in Brooklyn, every network tells a story. Great initiative. People getting to design their own networks and to understand the materiality of networks. Or the association of French internet provider in France. Fantastic initiative too. So I will kind of conclude on that. This is my own framework to think of digital industry now in the context of transition. So we're going to start from the inner circle, materialization. That's the issue with digital industry. That's the only infrastructure that have been, to my knowledge, that have been publicized under the discourse of being dematerialized. You cannot do that with roads, with roads network, or any other infrastructure. That's unique to digital infrastructure. So the first step is always to materialize it. That's why we did the plug-in. So you can see that there is impacts. But these impacts, you need to frame it in two different ways. You need to frame the impacts on the territory in which your energy and your infrastructure is hosted. And also the impacts at the scale of the Earth. Watching porn is emitting carbon. So you have a global impact with the intimate use of the internet. Then you need to define your territory. Very interesting. Because since we've been living in the myth of the global village, we never thought on how the territory can actually influence the way we are designing web services or websites. So we need to start from the territory, as the low-tech magazine did, accepting the constraint of Barcelona and playing with it. And then you need to understand that we are also working on the planetary scale, what I call terrestrialization, which is the kind of a mouthful. But that's what it is. We need to understand the effects of the digital industry on the global scale, on the planetary scale. And the fact that the living conditions on Earth are quickly changing are impacting territories, which will also impact the way we think of services. So starting from the territory is a good place to start. Because that's where there is a materiality of the digital industry, the ones that have been hidden so far. Or we didn't want it to look at. And I wanted to finish with this little picture, because right now in France we are striking because of the reform of the pension system. And there was something quite interesting in the way the strike evolved in the last days. Because in between, there is many people striking in France right now, lawyers, firefighters. So the Paris Opera Ballet, because they want to change the pension system. So we have moments now in Paris where the ballerinas are performing for the strikers. And it creates something very interesting, because it goes beyond act of resistance. It creates beauty and opportunities in a way we think of changing a system. It goes beyond resistance. It creates imaginaries. And that's the most important thing that we need to do right now for the digital industry, sustain and create imaginaries. Thank you. Gaudier, merci beaucoup. We have five minutes time for a couple of questions. Please line up at the microphones. And is there a question already from the internet? No question from the internet. Please, to the microphones. Number three, please. OK, I'm still formulating it, but I'll try. I've been looking a lot about how the new push in the digital industries is framed around the fourth industrial revolution, which is pushing us more towards internet of things, always on the artificial intelligence ideas the industry is coming up with. And I'm wondering if there's a way to push us in the opposite direction to go away from personal devices and more towards library modes of technology. So like trying to create places like the hack labs, the hack spaces, where we go to use things instead of people constantly having their devices on feeding the data surveillance capitalism and so going against the grain of pushing against this expansionism. And if you have looked at that in that way. Well, I can give you like a prime experience from the French landscape, because I think that I'm only legitimate to talk about that. One thing that will be quite dramatic for the way China industry is going to evolve is, in my own perspective, the deployment of 5G. Because through 5G, then you get autonomous cars, IoT, 4K videos streaming in a tube. It's not going in a good direction. The massification of 5G at this is not a solution. And I was recently giving a talk in the biggest French telecom company called Orange. And there is actually an inner revolt inside the company. Because engineers don't want to deploy 5G. Because it's useless. We don't need that. And right now, that's kind of the shift that we are observing in France. We think there is a momentum of people. I mean, also some laws are getting passed at the parliament regarding that. But companies in France have understood that they cannot do. They will be accountable for the environmental impact of China industries. Several cities have contacted me to influence or to give them advice on the digital strategy, going far away from the fourth industrial revolution, the riff king thing. So I think right now it's about resistance and trying to stop the coming flow of whatever techno solutionism coming from the Silicon Valley to actually stop at a specific moment, the next big infrastructure, which would be 5G. Fighting against 5G, in my regard, is what creates space to rethink what we want from the digital industry. And what digital use we want to foster. OK, we got time for one more question. Microphone number two, please. Hello there. I found your model very, very interesting of terrestrialization, territorialization, materialization. I'm looking for worked examples of what design decisions you would make differently as a result for that. And I didn't quite get that from the talk. Where would I look to find a concrete example of this? Yeah. So there is three projects going on now. The first one, I got a European fund, actually, to do a specific project that I'm very keen on. Because I don't come from a big city, I come from a rural place in France, and I always keep this perspective of thinking from the territory, thinking from the rural aspect of life, what digital use are also less excessive. So I received funding to make a low energy template to make cities websites. And so I want to spread this open source template so all the little villages, cities, or little cities of France, can get the best of what we can do regarding low energy web design and spread it through the territory of France. That's what we are doing right now. It will be documented in, I mean, the first version will be pushed in March. Secondly, we are also doing another website for the low tech lab in Brittany. What we're doing here is documenting how to think differently of maps, digital maps, especially. Because Google Maps is not something I want to foster, especially in terms of energy impacts. Because even if it's very efficient, there is so much growth regarding its use that we need to think differently. And when you think of digital maps, there is a look at it from a design perspective. So I see four uses. Localization, where I am always the point I'm looking for. Orientation, how North are relative. Or modellization of the map. Or what is the fourth one, giving a route. When you're using Google Maps, the fourth of the views are given at the same time. But because it was fought on a high energy perspective, but you don't need to display the map if you don't know where you want to go. So it's not necessary to show the map if you haven't decided where you're going next. So we are just, most of the use have been developed in the digital industry so far. We are trying to rethink it very differently with the lowest energy possible. And it means that we need to break down some of the things that have been made. It will be documented in February. So I have things to show, but not yet. Thank you very much. Thank you.


This is stock number 8D294B. We are here at Summit Automotive in Fond du Lac, Wisconsin. You're new and used Ram headquarters. Remember we are the guys with the trucks on 41. Today we are checking out this super clean 2015 Ram 1500 quad cab short box 6 foot 4 inch. From this HD video you will be able to tell that this truck is extremely clean all the way around. No denser dings on that front bumper. This vehicle has the 3.6 liter Pentastar V6 motor. You can see that the headlight lenses are nice and clear. Black clear coat is the color. We shoot all of our videos in 1080p so if you have HD capabilities on your computer tablet or smartphone device turn them on right now because it is like you're right here looking at the truck with me. You can see just how nice and reflected that paint is. This one comes with the 20 inch factory alloy rims with the chrome covers and they have Goodyear Wrangler 275 60R 20 tires on them. These tires have right around 70 to 80% of the tread left so lots of tread left on these tires. You can see any dents or dings on that front fender. The hood is in excellent condition. The passenger side rim is in really nice shape as well. No scuffs or scrapes. And that tire has just as much tread as the driver side. As you go down this side of the vehicle you can see just how mirror like and reflective that paint is. We take these HD videos so if you are far away or even if you're close by and just cannot make the trip down but you're still interested in purchasing the truck you can still see the truck here, the truck and have confidence in the vehicle that you're looking at before you even get here so that you can make a smart buying decision from the comfort of your own home. You can see just how nice it is down this side of the truck. Very very clean. This back rim is just as clean as the rest. No scuffs or scrapes. And the back tires have just as much tread as the front tires. It has the plastic wheel well liners which keeps your frame and under body looking nice and clean. Longer. More rockers look really nice. The box is in excellent shape. I didn't see any dents or dings on that. And as we come around to the back you can see the rear bumper is absolutely perfect. No dents or dings on that. It has a full towing package which includes a receiver hitch, four pin and seven pin wiring. It has a locking tailgate. The bed in this truck does have a couple little scuffs and scrapes but nothing major. It is a truck and actually beds in really nice shape for the age and miles on it. As we go down this side of the vehicle you can see just how clean this box side is. Very very nice. It does have the back rim here is just as nice and the back tires have just as much tread as the rest of them. But you can see just how nice and reflective that paint is. Give you a really good idea of how clean that body and paint is on here. This one has the heated power mirrors. The big horn package gives you the gray cloth interior. There are no rips, there are no tears on these seats. They are in excellent condition. Power driver seat with factory lumbar. We have husky liners throughout the truck and factory floor mats underneath those. Power windows, power locks and power mirrors. This one has auto headlamps. And as we hop inside the truck here you can see that this truck indeed does have 44,530. You get a digital odometer or speedometer. You also get the compass and outside temperature display. You can do your mileage in there as well. And this one an instrument cluster is nice and clean. This one has the leather wrapped steering wheel. Cruise controls on that side. Bluetooth audio controls on the left side. Steering wheel is in excellent shape. It has the AM, FM and Sirius satellite radio capabilities. You can also change your settings and everything in there as well. This one has the 8 speed automatic transmission. The push button 4 wheel drive including the 4 wheel drive auto and neutral feature. And the air conditioning is blowing nice and cold. Stability control, 115 volt, 150 watt plug-in. It has the 3 cup holder center console. Pass and receipt is very clean as well. No rips or tears on that. And you do get a power sliding rear window. Headliner is in nice condition as well. And we will take a quick look under the hood. You also have the center storage compartment underneath center console here. And it is a 40-20-40 split bench seating. We'll take a quick look at the back seats and then we'll check out under the hood. The back seats are just as clean as the front seats. No rips or tears back here. It does have that power sliding rear window. It does have the latch child safety system. These seats fold up for extra storage. And it does have a load floor which is really nice if you got pets or tools or muddy boots. Put them on there. Not going to wreck your seats. Also if you got pets you can put both sides down and they have a nice flat place to lay. You also get storage underneath those seats or underneath that load floor as well. Let's take a quick look under the hood. I'd like to thank you for checking out the video today. Hopefully you can get a really good idea of the overall quality and condition of the vehicle from this video so you can make a smart buying decision. Under the hood we have the 3.6 liter V6 motor. Engine bait is very clean, runs very smooth. This truck has been fully safe and inspected by our service shop. It has a fresh oil and filter change. All the fluids have been checked and topped off. The vehicle has been gone through mechanically 100%. And is 100% ready to go. To see more pictures of this truck or one of our other 400 new and used cars, trucks, SUVs, minivans, Wranglers, Haftons, Recorder Tons. You name it we got to go to our website www.SummitAuto.com Full pictures and descriptions of every single vehicle on our lot. Videos of every single used vehicle that we have all at SummitAuto.com. And if you want to check out just our used inventory you can go to truckson41.com. That's truckson41.com.  Ask for one of our sales associates to make this Ram 1500 yours today. Once again that number is<PHONE_NUMBER>. Thanks again for checking out the video. And if you'd like to check out more videos you can go to youtube.com. SummitAuto remember to like, subscribe and share on this truck and all the videos that you see there. In fact in a second you'll see a link to subscribe to our YouTube channel on your left. A link to more half ton truck videos like this one on your right. And if you haven't been to our website on the bottom a link to this vehicle on our website click those check us out. And we really look forward to helping you with this super clean 2015 Ram 1500 quad cab short box. Thanks again.


All right, welcome back. It's past 2.30 and our witness right now. I like to welcome David Martins to us. David is, I'm only going to refer to this in public once, David. You're half of the, you're the new Earhart by half.  And you have now taken over as director for the Vermont Affordable Housing Coalition, which is actually a growth pattern for VAHC because, because if I understand it correctly, you've been hired to do some organizational work and to really make sure that the organization is sustainable. So I wanted to welcome you to this committee, to the General Housing Military Affairs Committee. I imagine over the length of your time you will be here often as affordable housing is us and one of our major issues. I'd like to start by having the committee introduce themselves and we'll start with the folks who are already online with Representative Kalaki. Good afternoon, David. John Kalaki from South Burlington. Good afternoon, David. I am Mary Howard. I represent Rutland South District 5-3. Oh, David. I'm Chip Troiano. I represent, I live in Standard. I represent Caledonia 2 District in the Northeast Kingdom. Welcome to the committee, David. I'm Tommy Walsh from Berry City. Nice to meet you. Representative Matt Byron, Virginia. Hi, I'm Representative Lisa Hango and I serve Richford Berkshire Franklin and Highgate on the Northern border. Good to see you again, David. Tiff Blumlee from Burlington, South Bend. Representative Joe Parsons from Newberry. I represent Newberry Tops and McGrath. John Palacic from Milton, Chittenden, Kent. Representative Barbara Murphy from Fairfax. Franklin, too. And Representative Tom Stevens. I represent Washington, Chittenden, which is Waterbury, Bolton, Huntington and Beale's score. So welcome. We just wanted to have you in and tomorrow is Homelessness Awareness Day. And there's going to be a whole bunch of folks here as well. But we wanted to give you the opportunity before then to sort of, again, to welcome you to the committee. Introduce yourselves and tell us, tell us where you're, what your plans are. Mr. Byron, it's nice to meet everybody. As I said, I'm David Martin. And I know I think that I would just correct the math that I don't know that I'm half of their heart. I think that I'm about a quarter and that the the college and homelessness is another quarter and the other half just can't be accounted for. Our heart was such a, just such a force, of course, in this work. And so just as a very brief background, I'm actually also new to Vermont. I'm from Rhode Island originally. And my background is a lot of advocacy work, largely, however, around substance abuse recovery and LGBTQ rights. And that's further back in my non-profit work. And I also have a history with the church. When I graduated high school, I went to the seminary to study for the Catholic priesthood. And I left in grad school and went on to later be the pastor of an all-inclusive faith community in Rhode Island at the same time as I was working in advocacy. So that my sites on Vermont, I had crossed paths with Vermont and my my church traveled and decided that this is what I wanted to make home for myself. And I took this opportunity with H.C. So great to be up there. It's great to be found housing, which was no easy task, as I'm sure you all know. I landed in Winooski, which is not one of the places I heard. And I'm sorry about anybody in this committee, but right across the border, right across the line there from Burlington. So as was mentioned, Earhard was just such a force. And upon his departure, VHC and the coalition and homelessness both kind of said, well, what are we going to do now? And both organizations, the steering committees of both organizations kind of decided, well, we're going to take this as our next step in the evolution of our organizations and both groups hired a director. And so with that, both coalitions also began the process of really kind of forming ourselves a little bit more clearly in terms of organizationally and what exactly do we do? And so I think that for VHC, our decided focus is that advocacy work is more than just in the state house or being in the state house digitally as it were. And that, what do we do the rest of the year? And so our real focus has been around informing Vermonters about affordable housing, about how the process works, about needs, and also hearing from Vermonters from different perspectives, both to expand our formal network and also make sure that the voice of every Vermonter really is heard. So taking time to say, well, you know, how does the housing crisis impact people living with HIV and AIDS?  And so we've started that work during the summertime in the fall and hope to continue that work through the legislative session and after. We also have two American VISTAs who are both working on their project. One in kind of community organizing and helping to empower folks do some self advocacy and how they can get involved in being a part of the solution. And our other VISTA is sort of weighed down by communications work. So actually right now she's very busy with helping out with the with tomorrow's event, the homelessness awareness day. So it's a busy place and we're looking forward to working together with you as I do move forward. This is certainly not my first time in a state house, but it is my first time in a state house via the internet. So I like you and figuring out how exactly this works. So I'm very grateful for you taking the time to talk with me today. I sent the committee and I think it's posted to your page our legislative priorities for this year. And in large part I were based on what Earhart had done in the past. I think it's a little bit more concise than maybe what you're used to seeing from from VHC. And we it was done very collaboratively because we really wanted to hear the voice and the input of our 90 plus member organizations. And so we tried to on that first page to see kind of our main priorities and on the back kind of a list of not not housing issues per se, but issues that impact housing issues that accessibility to affordable housing, you know, closing the affordability gap and so on. So I just I do just want to point out as kind of our main our main focus this year, like last year, and my understanding multiple years is a rental housing safety bill, which last year as we all know, was vetoed at 79, but now it's this year there's S 210. And so it's a main focus for us as is the just cause eviction legislation that started to be heard a bit this morning. That's one on one, which was the beginning of water wastewater connections and the expansion of the credits to neighboring development areas. We're also another focus for us. And then some main funding pieces, of course, funding for the hcb funding for the sash program services in the home, and we're all familiar with that program, and funding for the taxes expansion, if it manufactured home programs. Those are some of kind of our main focuses. And then there's a significant housing bill being assembled, as you know, in the Senate, we look forward to following that and seeing how we can help with that. And we're also doing a lot of work in the work group that's addressing the recovery residences bill that has been to my understanding, that's also been a few years in the run. And so I think that we provide a bit of a unique perspective on the bill that might help bring together some of the pieces that where there was disconnect before. So although this is kind of a first for the coalition to really kind of distinguish ourselves from the coalition and homelessness, we nonetheless are continuing to work kind of in tandem, because the two issues, although separate and distinct, without a doubt, have an intricate relationship. And so for that reason, we're sort of mutually supporting one another in both of our efforts. So that's kind of a snapshot of what VHC is doing this year or trying to do. Really been focusing on being aware of this, raising awareness, education, educating Vermonters about the process about affordable housing and in a hope to bring more voices to the table. Thank you, David. David, in the time that you've been in Vermont, what you've been able to witness is something that has never happened before, which is the creation of units that are taking people primarily, hopefully primarily people who are who have been experiencing homelessness and take them from the motels, which was a half a step up from where they were before, or perhaps even more than half a step up because they have their own facilities and showers and whatnot. But now with the creation of units for formerly homeless households, have you been able to check out any of the new units that have been developed yet as affordable housing in any of the communities, either in Chittin County or in Central Vermont or any place else that's had these units completed? I personally have not been to any of them, but of course, it's a frequent topic of discussion in our coalition monthly meetings. Thankfully, it's frequently in the good news story portion of our monthly meetings. So it's great to be able to be here as that's happening. And that's fair. I mean, there's a lot and I really appreciate you taking on the organization, but at a time that's so hard, there's so much money that's out there, so much opportunity, and yet I feel like we're almost as worried as we were when we didn't have funding because we want to do it right. For sure. And I think that it's a, you know, the kind of classic concern in this kind of work is always like that there is no money, and it's definitely a very unique situation that we're in where we have that money. But still, as you know, I heard Gus Selig say at a meeting that despite all this money that we have, it's still only a down payment on solving the problem because the problem is so, as you all know, the problem is so dynamic and so complicated and so layered that it's really going to take a lot of not just money, but creative thinking and working together. I really think is what's vital, being able to, for the housing world to reach beyond its own borders, so to speak, and it's like chipping away at an iceberg. We have to chip away at it from multiple angles. And I think you're right, you know, there's all this funding, and what's going to be vital is the moves that are made and what we do with it. So what do you think the next three months are going to look like for VAHC? Not just in terms of advocacy here in the building, but outside the building with all of the affected groups here. What do you envision happening over the next three or four months as we head into spring? Well, a big part of our, as I mentioned, we're trying to sort of bring light to the affordable housing conversation from the perspective of different communities. And so in February, we'll be doing some work with the BIPOC community to get kind of that conversation around how the housing crisis impacts that community in a particular way. We also are going to be doing some, within the coalition, we recently established a DEI subcommittee. And so they're going to be very busy at work, helping the sort of a multi-layered thing, first of all, showing our own folks how to make sure we're always looking at issues through that lens, but also to try to reach out and connect more and more with communities who are doing that work or organizations that are doing that work more directly, so that we could sort of help make sure that that element is present in all that we do. Another portion of our work is we're trying to solidify and mobilize a young people's group so that some college students and college age students, hopefully statewide, ultimately, that they'll be able to get involved in the process, hopefully ultimately in some advocacy work, but also just in bringing their voice to the conversation. I think that it's no secret that people in their 20s are impacted by the housing crisis in a particular way, and so we want to shed some light on that and bring that voice to the table. So we've already started with bringing some college students together, and so another big portion of our work outside the state house will be continuing to build that group, to mobilize that group, to bring those voices into the conversation. So those are kind of some two major things that are happening for us right now that we're very excited about. Great, and acronym alert, it's early in the year. DEI means? Diversity, Equity, and Inclusion. Thanks, Delward. There's so many. Any questions for David? When I started at the coalition, I was given a guide. I looked at the document. I thought it was just going to be a short word document, but it was actually quite lengthy of all the acronyms, and for my first very many meetings, I always made sure I had that file open on my computer screen so that I could refer to them, and almost all of them had a V and an H in them. So it was kind of hard to keep them straight at first. Yeah, when FEMA was here after Tropical Store Irene, I found an acronym dictionary from FEMA. It was about 800 pages on it. It was pretty incredible to think that he needed a dictionary for acronyms, but from a governmental perspective, I suppose it makes perfect sense. We're also very excited about our work on the Recovery Residence Bill, because that work is, as you all know, there's a real gap between sort of what happens to or a big point of contention on the bill is what happens to an individual who has to leave a Recovery Residence. Where do they go? And I was involved in a lot of work in Recovery Residences in Rhode Island, where the landscape is very different than it is here, both figuratively and literally. And through my work in the Recovery Community, I also had the opportunity to make connections across the country. And so I kind of had a really good idea of what was going on in other places around recovery housing. And really, we just have this missing piece here in Vermont that could really bring the whole thing together. And so we're really excited to be a part of that conversation and that work that's happening around really putting together a support system that's best for everyone and that upholds and strengthens the recovery of both the person in question and the rest of that community, and that also ensures housing. But it really is sort of the challenge surrounding that situation has its own particular struggles that are particular to Vermont. So we're excited to be hopefully be a part of the solution and hopefully be kind of a helpful third voice in the conversation. All right. Anything else for David? We have to get ready to go to at least switch our computer screens to be on the floor at the very least. But thank you so much for your time, David. Nice to meet you. In under these circumstances, can't wait to see you again in 3D. But we'll and I'm sure we'll see you a little bit tomorrow. And I fully expect to be able to see you for, you know, as we move forward with a lot of the different housing bills that are that are in place here. So thank you for your time. For sure. Thank you guys. And thank you for your patience and your ability to roll with things during these during these crazy times. So thank you for working on it. Thanks, David. Is there a chance you could share your acronym dictionary with us? Sure. I'll send it off. Yeah. All right. Thanks, all.


Good afternoon. This is the news update. I am Messier Bopu. President Mohammed Buhari has returned to Abuja from Seoul, the South Korean capital where he attended the First World Biosummit 2022. Buhari's official jet, touched down at the presidential wing of Namdae Zikaway International Airport, Abuja, minutes before 6 a.m. ending his six-day working visa to Asian country. While in Seoul, the president most notably witnessed the signing of memorandum of understanding for rehabilitation of the Kaduna refinery between the Nigerian National Petroleum Company Limited and Dior Group, and also met with representatives of Nigerian community in South Korea, urging them to be good ambassadors of Nigeria while there. Bihari Group has massive investments in the automobile, maritime, and the other sectors of our economy. I look forward to the delivery of ongoing projects, especially in the Rouri and Kaduna refineries and the LNG train summit. This no doubt will open many more windows of opportunities for the David and the other Korean companies.


Welcome to Jalassa news. Take a top stories in crypto and bring out a bite-sized pieces So today just like the thumbnail suggests September the last week of September might be one of the toughest We're gonna take a look at some key indicators of why that might be So first we're gonna take a look at a news story that broke featuring Anthony scaramucci the mooch where he talks about how Institutional investors really aren't there also take a look at the story behind the story as far as JP Morgan or Jamie Diamond What he says as far as a fool's best thing into Bitcoin They're gonna break it down some on-chain data some analytics Then we're gonna take a look at what I think is the most concerning issue right now Which is whale games look at some data on chain as well What's going on and then finally we'll go over the retirement story follow Which I think is another big scary thing that's been going on So we'll take a look at all those things at first take a look at what's going on the market So today is as expected not a great day Not a great week not a great month September has been sucking. Let's just be let's call a spade a spade We've got one point eight four trillion as far as a market cap down now almost four percent for the day Bitcoin price still holding okay 41,000 650 the sentiment is amazing to me Bitcoin deli seven eighty five over a hundred. It's like people in this space Just don't care. They're like, you know what we've seen the ups and downs We know what's happening and we just are ready. So just bring it because we don't care about this week We don't care about next week. We are in it for the long haul or at least a lot of people are but I think there's things to be Concerned about and on this channel. I don't just give you the rah rah Hopium stuff. I try to give you both sides of the story so you can make more informed decisions So if we take a look at just how far down we are as far as the coins themselves Bitcoin I talked about aetherium 2849 slip below 3,000 tether is now the third spot the reason why is because people are what's called tethering up They are selling off some parts of their crypto getting them tether. They're staying in crypto essentially because tether's Peg to the dollar and they're waiting for this dip to play out and we'll see how that works cardano down I think it's a 2008 might slip below two bucks. I'm not surprised. I hope I can pick some ups XRP 91 cents watch out 131 for Solana. Everything's just down. Geez 8% for Solana. That's a pretty big dip. I must admit 11% for Terra that was pretty hot not too long ago 4% 6% for FTX Hey, Bitcoin cash 13% go figure and Axie infinity 4% that is a great play right there if you're gonna go on that So that's what's going on the market. Let's just break in to today's top stories This one's a little bit more difficult and more involved to really bring things all together So I'll try to do my best here as far as what's going on So this first one here. It's with the mooch Anthony scare moochie used to be White House press secretary and of course before that he was a big investor He is the CEO of Skybridge capital and he says look institutions aren't there even though He himself and his company are getting into the cryptocurrency game. So here is what is going on Scare a moochie or the mooch say that according to his experience experience only 10% of the institutional world is Actively investing in crypto according to scare moochie. It's a minority that has some impact Just some he states the institutions are not there anybody who's telling you there's institutional adoption into the space is Not being totally honest or they're seeing something that I'm not saying I think in this situation Scare a moochie is in this traditional finance space and he talks to a lot of people and he knows what he's talking about I have I have no doubt about that. I don't know I Mean you can make your own assumption about why but I think the mooch Kind of has his own downfall just like I do I think everybody's like me and I kind of see the world in a certain way But I really have fatal flaws not seeing people as they are or not seeing the the situation a little better And that's why I try to give the most information I possibly can so here's a prime example with Mike Novogratz. So Mike You know galaxy capital he says look I spoke to this was a tweet in august 15th Because I spoke to 20 the smartest people I know in the space and zero of them saw a cardano Having traction with devs and I can understand Mike Mike got an early with a theorem So of course he wants a theorem to do well I want a theorem to do well it is like my second or third hold depending on the day and how well it goes up or down But I own a lot of other cryptocurrencies as well And that's that's Mike because he sees a certain way He talks with certain people and he's in a bubble and then on top of that We can just see that this was a tweet I sent out in September 21st Called proof of github and it talks about github daily development activity for developers Number one cardano two is kusama three is polka dots number for agnosus status of theorems lunch and like great right So that was just on september 21st But you know just so you realize this if you go to proof of github it changes all the time So this was from a front of the show a to ape and he goes look he goes It's nice to see someone else being number one and this was during the cardano virtual summit and you can see that Theorism is number one those developers are cranking it out. Solana kusama polka dot mdx numbers The theorem is not even or excuse me cardano is not even there and the reason is So all the developers or me else was in the space as far as a virtual summit So that makes a lot of sense now this one proof of github just came out two hours ago September 28th, which is today and again cardano ethereum Still up up top. So when we take a look at these things we just got to take it with a grain of salt and go you know I know scarimucci's in the space. I know mike's in the space But it's kind of sometimes like we're in this echo chamber and we're talking to the people that want to talk to when seeing the Things that we want to see and some of the things i'm going to tell you today You're probably not going to like but you have to get both sides of the story. Anyhow to continue on Scarimucci says instruments like etfs will play a major role in getting that a second I personally think that an etf will not be approved anytime soon. I've been hearing this forever and with uh, ginsler in the house sec i just don't see how That would actually happen But if it does it will put a lot of capital into crypto These states uh institutionals or the article states institutions still have reasons to be weary or wary of investing in crypto Some maintain there is no clear regulation in the sector and if there was we would have etfs We would have had a lot bigger play It's just that they're dragging their feet and that is just in america In any case, there's been an increase in intention and attention to crypto From big institutional firms like open sex jp morgan and fidelity among others And i've started offering crypto service to the customers. So even though mooch is talking about like look There's not that much going on. I think there's a lot a little bit more than what He may lead us to believe that leads me to my next point. So We're talking about all this stuff remember that there's a lot of institutional and players getting into the game and a lot of these places Can't get directly into crypto, but they can get into it by proxy because just like we talked about with rate If there was regulatory clarity I'm telling you we would be at three four five trillion dollars right now But because these institutions can't and their customers don't like to play in this in this arena because it's so volatile They get into it by proxy. So this was from uh bitcoin magazine morgan stanley doubled down on the grayscale bitcoin Which you know grayscale the bitcoin It's not the exact bitcoin. It's a paper bitcoin essentially And the bank owns 58 000 shares up from 20 000 last quarter So they know where this space is going, but they can't get into it any other way also on top of that We take a look at places like black rock black rock is a major institutional player with nine trillion assets under management and a mandatory sec filing dated june 30th Shows that black rock has stakes in two bitcoin mining companies almost seven percent in marathon or mara, which i own myself And uh almost 6.6 in raya blockchain total capital commitment is almost 400 million between both miners again This isn't a lot of money For these big huge players because they can only get in so much But i'm telling you if there was clarity We'll be a lot farther along and i think this is going to lead to a showdown coming up So that is what we have as far as the first story now Let's jump into the story behind the story as far as jp morgan what he says as far as people buying bitcoin or fools so jp or jamie dimon ceo jp morgan he stated that uh That whoever borrowed money That's pretty funny to purchase bitcoin was in his opinion a fool However, his personal opinion has not clashed the fact That jp morgan the company that he runs Now has access or is offering six crypto funds For its customers that even created its own digital ledger token for payments called the jp morgan coin So it's kind of like the it's it's like the ceo is at odds with what His company is offering and what his customers demand It's not jamie diamonds or any ceo's job to determine what people want It's to give them what they want and move forward. So I just don't see what I just don't understand why he's he's clinging onto this Because he's offering it to him and he states. Um, he goes look I'm not a buyer of bitcoin. I think you could borrow money to buy bitcoin. You're a fool and however He also acknowledged There is the possibility of the crypto sector could increase its value 10 fold In the next years and this was actually uh a meme that's been going around in the twitterverse crypto twitter Everywhere and this was the I even I retweeted this it says jamie diamonds says if you're stupid enough to buy bitcoin You'll pay the price one day this was on 2017 And then of course This is the only part that we see is bitcoin price could 10x in the next five years Not the other part of what he says because you're still, you know It's ridiculous to own it and blah blah blah, but it's still going to go up majorly So really if you look at it and you really want to take the best parts of it you got to say well jamie Uh, if you think it's going to go up 10x, I'll go with that and if you keep offering it That's great.  I suppose I'll be a fool if I can 10x I don't think I can get that with uh the s and p 500 the dow or bonds or something like that And uh, that's what I see So let me know what you think about that in the comment section and let's move on to a little positive news As far as on-chain data before I get to a little bit of negative. So on-chain data It's pretty good to look at and it kind of eases our fears It kind of takes a look and cuts the noise because math is true Data is well, not all data is true. The internet is the internet, right? But as far as like on-chain data This is You know pretty good as it gets as far as like what we want to see so this Is the unique addresses for all bitcoin wallets and if we take a look at this We can see that and if we look at Just how many wallets are out there Uh, and we just and we just extrapolate that by metcalfe's law I know people talk well at time But really if you think about it the more people are actually using a product the more valuable it usually becomes because it is the Network effect as people open up all these new addresses these new accounts and things just kind of start rolling from there But what I want to make mention of this is yes over here We see we're coming up, but see this right here these new unique addresses for uh, uh, bitcoin wallets Right over here I don't know if you can see it. Oh, you can't let me let me bring this up a little bit this part right here Where it's at the very tip top That is november 29th 2017 That was not the top Of bitcoin price action bitcoin price Actually, I think it topped out like the third week of december or something like that So even though we're at the tippy top tippy top of unique addresses The real action didn't come until two or three weeks later and then we take a look over here This is june 16th 2019 another big inversion or june 22nd We didn't see Action or fireworks for the bitcoin price until about a month or two later And then then the actual unique addresses went away and then I want you to see this our latest one january 6 2021 that is at the peak Of the last unique addresses used and as we know We didn't get anything as far as like real price action real explosion until around middle of april That was like, you know three months or so Three four well three three and a half months or so later And now there was a big drop off as people sold off and now look what we have again Another increase of unique addresses and it's not just bitcoin I mean we take a look at the ethereum addresses as far as like unique addresses It's the same thing going but it's even more Relevant and we can just see that the unique addresses as far as like ethereum Just going through the roof and then if we take a look at Just how many people are actually staking just let's just take a look at staking for ethereum 2.0 Which isn't even going to be out yet until 20 or the third the third leg of it won't be out until 2022 If we take a look at 30 days and take a look at stakers It's pretty much just going a straight line up Everybody is staking and then with with cardon or a senior with ethereum Everything just goes up and that's locked in that's not coming out until ethereum 2.0 launches again Probably mid to late 2022 So that's as far as like a pretty good sign as far as the belief Of cryptocurrency now let's take a look at cardon a little bit different because of the cardon There's no slashing and you can take it out anytime you want to however we take a look at stakers Same type of thing We're just going up and up and up and there's a little bit of dips here and there not too many Then people are just going up because people are staking and they see the value. Why is there such a huge Inversion right here september 25th. Well, we had that Virtual conference. I think that got people excited and they started to Start to stake more. I saw an increase in my stake pool Which you can find over at danteachescrypto.com how to stake as far as with the denew stake pool But again looking pretty good as far as staking. Well, it's a little bit different for something like let's take selana so lana Great project a lot of things going on. We take a look at the stakers themselves over the last 30 days You can see that it's pretty jagged But it is kind of going up, but it goes down and up and down and up So as far as staking as far as with selana not too convinced on that one yet Still think it's a great project, but if you take a look at the three in crano things are looking pretty good So there is just that piece as far as like good data and then if we take a look at this is from into the block Average time Bitcoin is held is 3.3 years out of all the different addresses there. I'll be honest with you. I've been holding Most of my bitcoin since 2017. So I fall within that category But if you even break it down even more and we take a look at I think it's ownership by time held Holdlers are people who hold for a year or more in the blue as far as like going back a year or so It's the majority more people are holding They're at least they're bitcoin for a quite a long time as opposed to getting rid of it and the more that you hold The more it takes it off the exchanges the more of course there's going to be demand and the price should go up However, just hasn't done that so far now. We take a look at just the basics of like this new Partnership or El Salvador actually getting into the game as far as cryptocurrency. Did you know that? As far as the amount of users 2.2 million El Salvadorians have opened up a chibo account, which is their Wallet for bitcoin So they are actually getting into the game and remember in El Salvador You're looking at around four to five million as about four and a half million as far as the population And out of that four and a half million you got 2.2 million that actually opened up an account For bitcoin. That's a pretty good sign. I'll take it and then also another good little piece of data this is All miners to all all exchanges transactions. This is really hard to see I can let's see if I can blow it up a little bit There we go. So just so you know When the miners are bitcoin mining or mining all this stuff and they dump it on the exchanges Usually Usually the price will go down a little bit see right here. We had a little big Dump right here price went down a little bit But it came right back up Then it kind of goes jagged and then off it goes but right here lately If you can see it. Ah, there we go There hasn't been a lot of miners Selling their bitcoin to the exchanges. They're holding on to it. And of course More people that hold on Creates more demand price usually goes up Then lastly I just want to leave you with something like this as far as the good news I know that the price action hasn't been the greatest and I can't tell you that There's going to be like everything fantastic, but if we take a look at just like How much Money there is sloshing around the world. I I show this all the time That's a good recap just to make sure we all know this little square is a hundred billion dollars and then Gold is 11 trillion. Why couldn't we get I don't know 25% of that money makes I mean, I don't see why not how about Playing in the stock markets stock markets. That's about almost well as a hundred trillion now Why couldn't we see 10% of that money supply global debt? Yeah, sure And then how about global real estate tokenizing real estate? I only see that makes that makes sense as time goes on We can tokenize art So why can't we do this we can tokenize a lot of things and then global wealth There's 360 trillion dollars sloshing around and then derivatives I mean geez options futures forwards swaps That's that's over a quadrillion, which I didn't know that number existed until I saw this this chart So if you look at all this stuff all the money sloshing around and we're here That's cryptocurrency at under two trillion dollars. I just don't see How we don't get a bigger piece of this pie coming down and that Is the good news now as far as I'll have to give you the other part, which is the whale games and the whale games that I stole that from george cryptosaurus. Thanks george and This is what I came across. So this is from crypto quant and blow this up So just like we talked about the price has been going down and why is that this is a All exchange whale ratio. What's way too big per se? And what this is? It's the relative size the top inflows Uh for all exchanges the number increases means an increase in selling pressure from whales. So As whales start to uh put their crypto onto the exchanges then usually Sometimes I would say you see a a reduction in price. So we can see it here We can see it here price goes down Price goes down the second one in the third ring. They do it again price goes down and then what happens over here Uh one two three and the last one Everywhere that they've put it on there. The price has gone down down. This one actually went up I take that back this one kind of went sideways down a little bit And now we're their whales are doing it again But you kind of see actually look at this a little closely You can kind of see that the whales don't have the effect that they used to But it does happen a little bit and the problem with having a mark out of two trillion This is the problem. Uh is that's things just are easy to manipulate so Again, I think that uh This last week is gonna be kind of sucky. I know this month isn't gonna be the greatest It's already been proven to be true and who knows but um, I see a lot of positivity But again, this couldn't this could be the the pretty tough week Could lead into the next week, but I do see a lot of fireworks Q4 potentially in a q1 actually I don't think everything starts in q1 in 2022. I think fireworks happen in q4 And I think they may continue all the way in q1 2022 Let me just think about that in the comment section. I know there's a lot of information But it's hopefully it eases some tensions. Let's uh, uh, finish off with a little retirement story follow-up. So Uh, this was from uh, actually got us from james or invest answers and that's pretty good information Really what it says here is that there was a survey done three quarters of americans surveyed by, uh, Natix's investment managers think that rising government debt will lead to reduce social security benefits making harder for four and ten To make ends meet retirement Four and ten people say it's going to make a miracle to retire securely That's sad honestly and most think private sector businesses have a role in helping americans Save for retirement and i'm just going to challenge you like this Uh, I don't believe that I believe it's up to you To make sure that you are financially solvent Uh in your old age and your retirement and if you haven't done that now this is not this is financial advice I'm going to give you financial advice at some point you're going to have it's all going to come on you So for all the things that you've done out there it is up to you to make sure That you can retire with ease you cannot rely on social security That is not going to be here and as time goes on and if you think the government's here to bail you out They're not going to that's why the government is not the greatest So it's up to you and uh, I can't tell you how to get there, but I can tell you what I do And to make it quite simply I use itrus capital the reason why I use itrus capital. It's a 401k It's a Roth IRA the things that I put in there as they appreciate As they appreciate, uh, they do not Garner taxes. So I put in there. It's it's post tax money that I've made I put in there. I invest in the cryptocurrency and then in the next five 10 15 years Next time I'm getting older as I take it out. It's tax-free and this is the same thing Uh, that a lot of people have used it in the past Peter, uh, teal is the one that put His stock in paypal and it turned into like under seven 107,000 of the stock. This is back in the 90s turning into billions of dollars I'm not saying that's what happened to you, but that's why I use uh, I trust there's a link in the description Looks something like this And there's actually a video where I kind of break everything down as as far as like A regular traditional and a Roth IRA and how it all works in a sep IRA And then also just so you know, they're coming out with their, uh, mobile apps So you can trade and what's pretty cool about this is that you can you can trade within your IRA And tax-free so that's I'll just leave you with that and yeah Look, that's it for today. If you if you stuck on me all the way And it was over 20 minutes. I really appreciate this is a long one If you like the type of video give it a thumbs up give it a like Also, consider subscribing. I think we talk about our time sensitive and uh, but that is it for today So thanks so much for watching. I appreciate it. I'll see you on the next one


Novak Djokovic vs Janik Sinner is the first semi-final for the men's Australian Open for 2024, and both have had different rows to get to this stage. Sinner entered the tournament as a number four seed and will take on Vander Zanschel in the first round, which is no problem getting through in straights 6-4-7-5-6-3. In the second round he take on De Jong, the qualifier, and again no problem for Rubelev getting through in straights 6-2-6-2-6-2. In the third round he take on the 26th seed by Ezz, and this is by far Sinner's best performance getting through in straights 6-1-6-1-6-3. In the fourth round he take on the number 15 seed Hashinov, who had had a lot of experience in Grand Slam matches, but Sinner was way too good getting through in straights 6-4-7-5-6-3 to advance to the quarterfinals. In the quarterfinals Sinner would take on Rubelev, the fifth seed, who had had to battle through Diminor to get to this stage, and after taking the first set in a very close second Sinner would again win in straights 6-4-7-6-6-3 to advance the semi-finals. Djokovic entered the tournament as the number one seed and will take on the qualified Prismich in the first round, and after dropping the second set would take it out in 4-6-2-6-7-6-3-6-4. In the second round he take on Alexey Proprin, and after losing the second set and saving set points in the third, he would eventually get through in a tight four sets 6-3-4-6-7-6-6-3. In the third round he take on the 30th seed Etraveri, who had taken out Montfies and Murray along the way. There's no problem for Djokovic getting through in straights 6-3-6-3-7-6. In the fourth round he take on the 20th seed Manorino, who had come off three five setters to make it this far. And it showed with Djokovic demolishing Manorino 6-1-6-1-6-3 to advance to the quarter-finals. In the quarter-finals Djokovic would take on the number 12 seed Fritz, who had beaten Sidney Pass in the previous round. And after splitting the first two sets, Djokovic would run away with it 7-6-4-6-6-2-6-3 to advance to the semi-finals. These two have played six times before with Djokovic leading the head to head 4-2, however Sinner has won two of their last three meetings, with the last meeting being the Davis Cup Finals, where he saved match points to beat Djokovic and take Italy to victory. Sinner is going to win this one. He needs to use that forehand to great effect. And he also needs to get off to a good start, you feel, because we know Djokovic, if he does get the first set, and as we've seen this week, he does sometimes drop the second, but he then runs away with the third and the fourth. So Sinner really needs to get off to a good start, possibly a two sets to love lead. I mean, it's not like Djokovic did this trial and over, he's going to have to do something special if he's going to get a win. Djokovic is going to win this one. He also probably needs to get off to a good start. Sinner hasn't lost a set all week, and you'll wonder whether or not if Sinner does lose a set, if that might actually hurt his mental. He also needs to make Sinner move because Sinner did have some troubles physically in the Rubelev match in the middle of the match there, so try and test out if there is any injury worries for Sinner. What a highly anticipated matchup. It's a match that we wanted when the draw came out. We wanted to see these guys play five sets. They did play at Wimbledon last year. It was kind of a flop. I think Djokovic's going to get this one though, because here's the king of Australia. Here's the king of the Australian Open. I reckon it is going to be five sets. No one gets a win, but let me know down in the comments below who's going to make the final.