 Great one visual asset news. My name is Rob and today the top story is that pretty much is doing these things right in your face We're gonna take a look at there's a rule It's called rule for the but not for me And we're gonna take a look at insider trading and what exactly is going on as it pertains To a recent event over a coin base Then we'll take a look at the White House releases a framework for digital assets And why I'm actually okay with CBDCs and already comes down to as a $5 haircut I'll explain what I'm talking about in a second but first Let's take a look at just some not investment advice, but there was some investments knowledge passed on by Arnold Schwarzenegger and Do you know what the most successful movie that Arnold Schwarzenegger ever did in his entire existence? So to date I believe it was Twins, which is pretty crazy if you think about it This is from it was from a book called tool of Titans with from Tim Ferriss and he quoted Schwarzenegger is saying that this was his most lucrative movie of all time with Dan Vito that guy right there and What they did is they declined the upfront salary Delayed gratification to get paid in the back end for 15% of the movie revenue And it wasn't really supposed to do that great, but it made 269 million This was back in like the 90s when a million dollars like a million dollars 269 million is pretty good So I just said here investors should consider Trading the short-term gain for a longer-term game changing upside. I'm not gonna go over the markets I know it's tanking. That's really what I know and you know better than I do what the prices are right now And it'll probably just keep going down for quite a bit of time And that's the problem or that's the issue with investments and cryptocurrency I can't tell you what to do, but sometimes there's a very long-term asymmetrical bet Maybe it would behoove you to stick to that plan, but it's up to you. Also. I want to take a quick look This is from Ben's website into the cryptiverse He talks about It's just the basic ROI is month over month and a lot of a lot of people including myself We'll just take a look at the look at this vertically and I'll just take a look at okay September What do we got? Well September is a crappy month. Let's just be honest September from 2010 It's all red. So we just assumed it would be red and October is looking pretty good, right? Hey, October is gonna be good. I don't like to look at it so much like that. I like to take a look at you know exactly how we are in the market cycle because You know for a lot of these months if we're in a raging bull market, it's not too bad So sometimes I want to take a look at this going horizontally So just as we may remember 2013 was pretty a pretty good bullish bullish Year for for crypto. So a lot of green January February March April and a couple of reds and one more red here and a little red there So that's not so bad, but in 2014 when it was in the crypto winner You got one two three four five six seven eight including October as a red month And we say look at 2018 remember that year bad year a lot of red. So red one two three four five six Seven eight nine sweet Marion Joseph. It's almost all of them. And now if we take a look at 2022, which I think it's kind of a bearish undertone, I would say I think October even though September is still down a smidge in the October if we fall along Might not be the greatest month even though if we look at this year over year. It's looking pretty good I don't expect a lot of great things. That's just my two cents. Let me know what you think in the comment section let's jump into I Think the big story Which is they're doing around your face And again rules for thee not for me. Tell me tell me what I'm wrong here. There's a great tweet Chris Joseph's and I linked him in the description. You can check him out at Chris J. Joseph's Co-founder of joint autopilot highlighting the hypocrisy behind our money is invested. He runs the L L Pelosi tracker download autopilot to copy trade but tilt put politicians, which I gotta say it might be Not a not a bad way to do it. You could do that or just copy Jim Kramer through the inverse what he does But here's what he talks about and we talked about this previously But I wanted to talk about this again to so it can kind of be ingrained in your head Just a little bit what's going on two days ago the NYT New York Times posted an investigation to politicians trading stocks 81 Democrats and 101 Republicans filed up to 3700 trades and a hundred million dollars impossible volume many had a hundred percent winners with some perfectly timed I mean, that's fine. If you can perfectly time it sure here's example of just how good they were now Maybe these guys and gals are just savvy traders and they don't use anything inside information Maybe or maybe they know something we don't so first of all of those 182 politicians 90 Plus of them sat on committees that directly oversaw the companies they traded I don't see how this is legal, but here we go Eight and of course it plays down some stats 25% of the energy and natural resources There's a percent environmental committee eight members of the armed services committee traded defense and aerospace stocks How is this legal? Pelosi wasn't included in the report and just so you know I linked the reports link in the description You want look at the whole thing pretty long extensive type of data, but really good But Pelosi was not clear report But her portfolio is pretty good or her husband's I suppose Total trades are 35 plus dollar volume up to 65 million. It's not bad good for them Possible conflicting trades Tesla and the 1.2 trillion infrastructure bill possibly Microsoft the 10 billion army contracts and Nvidia and the 50 billion chips act of course what they told Was it Singapore Other Asian country that said hey you cannot or they told Nvidia you cannot Export these chips To these specific countries and that's pretty much what it came down to Alan Lowenthal Democrat and and and don't get all high and mighty if you're a public and our Democrat I don't care what you are. I don't care. I Try to stay away from politics as much as possible because I mean the only thing Way to turn off people I guess would be to talk about religion. I'm not gonna do that either So but it's just interesting to see the the hypocrisy that's going on and get that in a second So Alan Lowenthal System the transportation committee his wife again It's always the wife of the husband made some well-timed trades and Boeing on March 5th She sold 30,000 of Boeing Airlines shares or BA not Boeing airline One day later his committee releases damaging findings on the 737 jet and it went on to a fall of 35% in a week I wish I had that information That would be great. I don't I'm not a big stock. I have it. It'd be great as far as crypto Alan Lowenthal says something that natural resources committee his wife perfectly played two rallies on Sun Run November 2019 bought 30k at 1450 and Then February 2020 sold 45,000 at 21 bucks pretty good March 2020 bought them all back as they bottomed by over 50% and then sold 78 times the stock ran to 80 bucks That's a cool 70% return and there's a bunch of other examples the last one I'll give you is my Kelly Republican Pennsylvania his wife bought 50k of CLF Just one day after being briefed at the Commerce Department launched an investigation to benefit the company she bought a 470 It's sold at 1811 a 300% gain Interestingly, this was the only individual trade she made that year. Look, I'm not saying that they had inside information I'm not saying that don't sue me. I'm just saying that These people are amazing investors. I just wish I had their background But how this actually worked out? So There of course is that piece and then this was just to really break it all down This was a great tweet from unusual wales comm great website pretty good stuff And they just said here's the members of Congress that beat the S&P in 2021 Look at all these guys and gals Austin Scott Brian mass French hill Nancy Pelosi and remember how much she made or her husband excuse me and just going down the list So I mean, I hope that brings it all home about what's going on. So again rules for the not for me and It kind of comes out of this remember that coinbase story brother of former coinbase employee pleaded guilty to charge way to the insider trading Just so you know the trio allegedly used the insider information to make roughly 1.5 million from trading 25 different crypto between 2021-2022 and While he said I knew it was wrong to receive coinbase's confidential information and make trades based on confidential information And as I understand they're looking at years and years in jail for doing such things and what happens to the politicians Well, glad you asked Again, we had covered this but this is a refresher 72 members of Congress have violated the law designed to prevent insider trading and stop conflicts of interest 72 members of Congress Leastly failed to properly report their financial trades as mandated by the stop trading on Congressional Knowledge Act of 2012 It's been around since 2012 Also known as the stock act. It's not as rigid as you would think though Congress passed the law a decade ago to combat insider trading and conflicts of interest among their own members and force lawmakers to be more Transparent many members of Congress have not fully complied. They offer excuses including ignorance of the law I didn't know I couldn't do that Clerical errors and mistakes by an account. I gotta I gotta use that that defense I didn't know I did I didn't have to stop at the red light. That's crazy and then While lawmakers who violate the stock act I Face a fine the penalties is usually $200 or it's waived By the House or Senate ethics officials because who wants to bust their buddies. So again Rules for the and not for me. So it is interesting that this is actually going on and then if you do a Google search of Stock acts trying to pass you'll see it go down 10 15 years or more for these Laws and provisions that Congress has tried to pass to ban their members from trading stocks. Hasn't happened Probably won't happen. But what do I know? Yeah, let me think about that in the comment section Let's finish up with I think this is pretty pretty big if you want to watch a better More in-depth detailed a guy over corn bureau just took a look to this himself and it looked pretty extensive I'm just gonna go through the the basics of it. So White House releases the comprehensive framework for responsible development of digital assets This is just September 16th and the this is what I found it interesting The report calls on agencies to promote Innovation by kick-starting private sector research and development and helping cutting edge We were that again and helping cutting edge us firms find footholds in global markets So that's good cutting edge us firms find footholds little markets. They didn't say it. These are the big companies They didn't say it's the small company that said they're cutting edge us firms unfortunately, I got a Probably will think they're gonna help some buddies of buddies But who knows they call for measures to mitigate the downside risks by increasing enforcement of existing laws and the creation of Common sense efficiency standards for cryptocurrency mining and if you don't remember a couple of days ago last week They also put out their guidelines for what they would like to see as far as like proof of work pretty much Targeting Bitcoin we will say and one of the things that was said in there was they said look if there's too much energy consumption We're gonna have to ban you because we don't want to deal with that in the in the power grid And I looked at that and I said this on that video before I said it's very simple All you got to do is if there's a $500 billion industry Which is could go go to potentially 10 trillion 20 trillion market cap as time goes on Do you really think these Bitcoin miners are gonna want to let that go? And do you really think especially in the United States that we're gonna want to let that revenue growth go and job creation? especially right here in Texas and Different parts of the other country itself. No, obviously not We've got senators and other politicians behind it all the way They're not gonna let this go and I said all they got to do is just find some ESG compliance Even though most the companies don't really give a care about them and just figure out a way for a loophole and go Hey, we're ESG compliant. We're using renewables. Well, guess what? My friends that day is today So 20 hours ago solar powered crypto farm in Australia to prove Bitcoin mining can be green It's amazing how this works a crypto mine dinosaur data center in the city a state of South Australia Will be running mainly on solar generate electricity awesome According to a Lumos a digital mining rep I guess that's the company the new crypto farm can potentially mint around a hundred Bitcoin annually. All right He got me not that big but hold on depending on the available power the company also Could also sell some of its solar power other consumers or increase crypto output to utilize surplus energy from different sources When electricity generation exceeds demand the operator intends to eventually double the size of the mining facility look The first one's always gonna be small But it's just a it's a proof of concept and they say yeah it can work also just so you know here in Texas if The demand on the electricity grid becomes too much based on the Bitcoin miners are shut down and they do it Gladly, you know why because they get paid to shut down. So again I think there's a lot of opportunities here also with gas flows and things like that that they can actually bring into Which is environmentally destructive and Bitcoin can use that to to meant to do proof of work So moving back and finishing up this story here. I Don't think it's a big deal about the crypto mining And also potential benefits and risks of a US central bank digital currency And I was reading this and they go on a CBD season I almost fell asleep skits boring, but the thing is this you have to remember I Don't mind if they do a CBD see I don't and it's all comes out of haircuts. I don't This is why if you're gonna do a CBD see a central bank digital currency, right? First of all Who's gonna run that application? Who's going to make sure that there is a customer service when things go down Who's gonna do all the all the tech support? You're gonna make sure it runs smooth I don't know who's gonna do that something got to do it And then also let's go down that rabbit hole like some people say well, what about a social scoring? You know, they say hey, you haven't eaten enough Cricket protein or something and now you got to do that or We saw them on social media. We're gonna shut you down. Whatever else sure if they do that Then do you really think people are gonna stick with the CBDCs before Bitcoin and crypto? What's the option you had zip option? So when I take a look at this story and they talk about CBDCs I just think of it like this. I always remember this. It's It's the old will fix it. So this is a Haircut place I can't remember the state But they said hey great clips 599 haircut sale and over at supercuts which they charge like 20 bucks They said hey, we fixed 599 haircuts. It's the same thing with with CBDCs like hey, you don't like CBDCs You don't like being told what to do You don't like being told that you have to buy this or that you don't like the fact that you get things shut down But guess what? There's another option. It's called crypto digital assets and guess what? It's been around since 2009 and we've dealt with all the bugs and things like that You guys should check that out. So if they do it. I'm okay. Here we go Alright off the soapbox. So Digital assets pose meaningful risks for consumers investors and businesses. Oh This is the part actually do agree with them on this on this study. It's true They do pose risks, and I think we should all understand Sellers commonly misled consumers about digital assets features and expected returns and non-compliments with applicable laws and regulations Remains widespread. That's true, too. They are for so far in this section two for two Almost a quarter of digital coin offerings had disclosure or transparency problems also true Let's be honest. There's a lot of things that were not being said under the under the rug and people Unfortunately got burned now the report encourages regulations like the SEC and CFTC to work together To aggressively pursue investigations and enforcement actions Well, let's see if they have the manpower to do that and let's just see if they can agree who does what and then lastly The financial literacy education commission. I didn't know that existed Will lead public awareness efforts to help consumers understand the risks involved with digital assets Identify common fraudulent practices and learn how to report misconduct. First of all, I'm like, oh, that's cool This is a like a brand new thing. No, it's not The financial literacy education commission was created in 2003 I don't know if you've heard of it never heard of it and especially in america There's no financial literacy in the high schools not not the one that I went to but I'm a little older So maybe somebody can say yeah, I had a amazing classes on investments Anyhow the commission was tasked to develop a national financial education website my money.gov and a national strategy on financial education Well, let's check that out. How'd that work out? So first of all the very first thing they have on here is What to know about crypto scams can make it up. That's the truth and in all honesty to be fair They do make some pretty good points. They tell you what a cryptocurrency is They tell you how it's different from the us dollar But it's kind of like hey You may not want to use this because it's not back with the government It doesn't talk about money printing or gold standard than how we went off that in the 70s and and how it's you know M1 money supply and money printing. That's okay. But whatever crypto values change constantly. That's true You want to pay with crypto? Well, you don't have any legal protections Payment typically are not reversible Some information about your transactions will likely be public And then it goes into some some good stuff actually how to avoid crypto scans So that was that was that part And then uh, if you scroll down it goes There's a part here about for teachers and educators and like, well, that's great Now we can teach these kids what's going on and you you click on that it goes to this website Which goes the fdic for some reason and then there's some basic information I just want you to to look at these two pdfs. I pulled out First one is the one from k through k through two get her to two And it really just goes over savings Savings needs verse once Savings what course was okay. They're kids. I get it But then if you look at the just going all the way through like uh three through six And then and then this one, uh, nine through 12, you'll see that it's all heavily heavily based On just saving that's the big thing Compounding interest over time. I like this part right here Let me see if I can blow this up But banks and financial institutions do pay interest on your deposit money helping a thousand deposit grow over time Don't worry about inflation Compounding means calculating interest in both principal and provisional interest And it just kind of goes over more saving stuff that you should do. What's an apr? What are the fees? cash loans and leases monthly payments And it's kind of like just the basics of basics nothing to hear about investments But I'll let you dig into that and see if I missed it I miss it and then lastly to promote safe and affordable financial services for all the administration plans take the following steps Agencies will encourage the adoption of instant payment systems like the fed now I'll tell you in a second and agencies will prioritize efforts to improve the efficiency of cross-border payments through fed now By working to align global payments practices regulations supervision protocols while exploring new Multilateral platforms that integrate instant payment systems. So just so you know the fed now they're trying to launch that Next year 2023. This is how it works The federal reserve is going to be right in the center and they're going to be pretty much run the whole show So you send something to me. It goes through your bank. The fed now does all the actions I don't know that's that swift iso 2011 I guess Maybe they'll implement or maybe not just go Hey, we'll just go through us and we'll print and we'll do where we want to it goes to that bank then to you Could that be great? Sure. It could be great, but I got to tell you There's a lot of different downfalls and let's see if they can pull it off I don't like this service either again. We'll see how it all works out but There's a real easy way to stop a lot of transactions that you don't want because guess who's in the center Fed reserve and that's it. So look, uh a little bit longer than I thought I was sorry. It must have been rambling too much That's it for today's news. So if you want to first of all, thanks for stopping by on a Sunday I understand a lot of things going on. So I do appreciate that tremendously If you want to stick around for the q&a, we'll go over all the questions you got I'll answer them the best of my abilities and we'll go from there if not get out of here Enjoy your weekend. Thanks for stopping by. I do appreciate now Let's do a little q&a and off we go