 Great. Well, I'm Israel Asset news. My name is Rob. And today we've got under four hours before Cardano hits critical mass with the Vazzaluc rate. So we'll talk exactly what that means and what things are going on. Also, we'll take a look at a little bit of bad news as we talk about how Ray Dalio believes that the next couple years are going to be truly awful. And then we'll take a look at little tether fud. And I got to tell you, I think it's time for them to lay out their cards in the table and see what everybody's playing with. And then lastly, I'm just going to ask you for a little bit of help. And then of course, lastly, lastly, go with Q&A. So first things first, let's talk about it. Cardano by the hits critical mass with the Vazzaluc rate. And this is going to happen in roughly three, four hours, some change. And I think this is going to be good. This is one of the major upgrades that they've been pushing for and striving for. And these are the critical mass factors that have affected it. So Cardano Vazzaluc rate at ready to hit all three metrics necessary to launch the Vazzaluc rate have been met. I know some people have thought that maybe they would push it back, but it looks like they're going full steam ahead. And within the last 48 hours, 13 crypto exchanges had confirmed their readiness for the hard fork representing over 87% of Cardano's liquidity. That's pretty good. I don't know which other exchanges are like, Nope, we're not going to support it. But I mean, they've got at least 87%. And there's one big exception, which I thought was kind of odd is Coinbase is the only exchange listed as in progress. And I thought to myself, that's very, very strange. Coinbase also, if you remember, is one of the last major exchanges to list Cardano. So I don't know what the deal was there. However, a recent tweet by Coinbase is already hinted that we will support the fork saying aided transactions will be halted for maintenance for the Cardano Vazzal hard fork. So the three factors that are in place, which would they say is critical mass is they have an updated Vazzaluc node in place 98% of mainnet blocks are now being created by the updated nodes. And the blockchain's top dApps or decentralized applications have also confirmed their readiness, marking all three metrics needed for the upgrade go ahead. And actually, even Charles Hoskinson tweeted this out and said, this was nine hours ago. And he says roughly, or I thought, see me five hours ago, roughly nine hours, the Vazzal, everyone ready. And he's taking a look at pool tool IO. And you can see that in the next epic, I know some people say, Rob, it's epoch or epoch, not epoch, sure, whatever. The next epoch ends in about three hours. And that is when the Vazzal upgrade will go forward. And this one is a good one, it's going to help with a little bit of transaction speed, hopefully with that, that pipelining, it's going to help for different dApps to build on it and make things a little bit faster. And hopefully a little bit easier, because that's one of the big issues, especially with the concurrency and things like that. So I'm looking forward to this. And hopefully this will help out the DNews stake pool. If you haven't staked, link in the description, you can figure out how to do that and stake with us. And the big question, though, is, is how has this affected the price of Cardano? Because, remember, we just had that major Ethereum merge upgrade, and that was a total by the rumor sell the news. And today, and I really know different. So it's the same thing going over and over again, last 24 hours. Actually, let's take a look seven days. Not even that good. Last seven days hasn't been that great. So it was 48 cents here, 18 September. And here we are 45 cents. We may hit 50 cents before in the next three hours or so. But I expect the price to drop yet again, because people are like, yeah, the upgrade is here. And that's it. And we're just here to make money. And that's fine. I got it against that. So I believe another by the rumor sell the news. Let me know what you think about that in the comment section. And hopefully it'll lead to a little bit more adoption in DApps being used. And that will take care of Cardano. But the next part here is not that great a news. And this is from Ray Dalio. And he says, there's three signs, some classic early signs that there's a U.S. recession upon us. I think it's pretty much here already, but whatever. First of all, who's Ray Dalio? Why should I be talking about him? Well, I mean, he's one of the investment legends. He's an American billionaire and hedge fund manager, service co chief investment officer of the world's largest hedge fund, Bridgewater, since 85. And a lot of circles, especially investing circles, this guy is, it's where it's at. Everybody seems to love to Ray and what he has to say. And this is no different. I always, when he's talking, I tend to perk up and see what he's saying. And remember, Ray's smart guy, he at one point thought Bitcoin was trash and it was nothing really to it. Then he changed his stance. And he said, you know, every, every investment fund should have, you know, an allocation between one and 3%. I think he said a low percentage, but I think deep down he knows that people should probably get a little more to it. So this is what he says. He goes, look, there's some key red flags here, namely the drawdowns and cash balances that have been built up earlier, the contraction of both the housing and automotive sectors, as well as a rise in credit, credit delinquency rates. And he's pretty spot on on some of those things. But if you take a look at the Fred Federal Federal Reserve out of St. Louis, they put together a report for all the delinquencies rates for all the banks. And we're actually reading from right to left, not left to right, because it goes here, it says Q2-2021, Q1-2022, Q2-2022. So I actually, no, I take that back. It's Q1-2022 and Q2, and then it jumps back over here. God knows, I don't know why I did that, but whatever. So here's what we got. In Q1, for real estate loans, the delinquency percentage is 1.43. Then it increased to Q2-2121 to 1.65. And now it's at 1.29. So that's a reduction. And if you can take a look at here from like Q2-2021, 2.48 to 1.96, a little bit down as well. So everything from like the real estate loans so far are doing pretty good. But what he's talking about is credit cards, credits. And I think that's a big issue that's going to come up later on, because people, there is a demand for workers. I don't know what people are actually paying out there, but I know that there's a lot of issues with the job market itself. So what do people do? Well, there's no stimmy checks coming out, and they still are spending like crazy. What do they do? They put on credit cards. And what happens then? Then there's a default, and that's just a downward spiral. So 1.57 to 1.81, people are starting to default, 1.40, 1.72 or other. And then 1.23 to leases, that's going down. Commercial industry loans, a little bit down. Agriculture loans down. Total loans across the board, it's looking pretty good, except for the credit card loans. So just pay attention to that little piece right there. I think as retail investors and retail spenders, they're going to start to put more on credit cards. And then of course, the rates just go up. And also, if we take a look at the mortgage delinquency rates from 2000 to the first quarter 2022, so Jennifer March, you can see that we peaked around 2009, 2010, 9.3% delinquency rates. Remember those days? I do. It was awful. But now we've gone pretty steadfast down since 2020, after coronavirus. And we're right here. Could they have gone up? Yeah. But I don't think they're much above what's going on here. However, with drone power coming out and saying, hey, you know what, we're going to raise 75 basis points, which I agree he should have done. I know it's a very unpopular opinion, but that's just what I think. I think he's got to get ahold of inflation. And if he doesn't, we've got a lot more problems are on the horizon. So I was hoping he would have done a hundred basis points. Yeah, that's true. I said it. But with all that going on behind the scenes, there's a bigger issue, which is people can't afford houses. This is from Danny Audit Strauss. He says, if you secure a 30 year fixed mortgage on a $600,000 home at 2.6% interest in 2021, oh, those are great days. You have the same monthly mortgage payment as someone that bought a house for $392,000. So $200,000 less at a 6.2% interest rate. And you're paying the exact same. Over 30 years, you are paying hundreds of thousands more dollars into that mortgage. And that's is the big catastrophe. So hopefully as time goes on, we can see the rates go down and people can refinance. But I see a lot of problems in the housing market moving forward. But I will say this, the bright side to this story is I always thought I was going to feel like this. I always thought we were going to go this route. If you've been watching the channel for any length of time, you know, I'm not a very bullish person until there's something to be bullish about. And I just have it in my mind that the next two, three years are going to suck. And because of that, I mean, whether the four-year cycle is play out or not, again, I don't know. But even if they don't, let's say I have to dollar cost average for three years or four years, I don't know. In the end, time in the market is better than timing the market. And I'm just waiting for my time. That's all it is. So remember 2012, having all the time I dip resets, 2016 through 19, having all the time I dip resets, 2020, 2023, we just had a having hit all the time I have 67,000, which was pretty weak, in my opinion. And then we're now in this dip. And then I think there's even more pain to come in 2023, like Ray Dahlia just talked about 2024 is still going to suck, but at least we're going to have a having lead us into 2025, maybe 2026. So the question I have is, is it so awful if we get to dollar cost average and purchase crypto for another couple of years at super low rates to see it spike up yet again? I'm not saying it is not a financial advice, not your dad, but I'm just saying I can wait for three years. And the bigger question then is, well, if we talk so much about buying Rob, then when are we going to sell? It's a great question. And it's something that I have been lacking severely on this channel. So this weekend on Saturday, I put together a real relatively comprehensive video about taking profits. I think just as much as people bark about dollar cost averaging and diamond hands and all that stuff, they need to, well, I can't tell what I'm not, I can't tell them what to do. But on this channel, I'm going to start to focus more on, Hey, get ready for some profit taking. Here's what I'm going to do. Here's what I'm going to do it. Here's the factors that I'm looking at and move forward because you can't just diamond hands forever. Some people can. It's just not my game. And if that's you, God bless you. Good for you. But for me on the way, I'm probably going to take some profits and I'll tell you exactly how that works out on a video which will be out on Saturday. So much thing about that in the comments. And then let's finish up with a little fud kind of. So yesterday, we had talked about the government coming down on stablecoins and they want to see everything backed by stablecoins, not an algorithmic backed stablecoin like Luna or Tara or whatever that failure was. And I know some people in the comments section, but Rob, you don't, you don't understand algorithmically backed stablecoins. You're right. I obviously don't. But I can tell you this. Doquan tried that the first time, failed, gave him a second run, failed again, maybe the third time's a charm, but it's not going to be with my money. So what I'm looking for is who is backed by what and this article kind of spells it out. So New York judge demands Tether to prove USDT backing or Tether. Tether was slapped with a lawsuit for issuing USDT in order to pump the price of Bitcoin. And this has been going on for a couple of years. If anybody's unfamiliar, this market manipulation lawsuit has been going on for quite some time and has taken another turn. US judge in New York dismissed Tether's motion that blocked the release of its financial records. What they were trying to do is say, look, you don't need our financial records. We'll give you everything else. We're not going to give you that. And the judge is like, no, you're going to show us. Then that's how it goes. There for the network now has produced an array of documents pertaining to the backing of USDT. This list includes ledgers, balance sheets, income statements, cashflow and profit and loss, PNLs. The stablecoin firm has to present records of any transfers of crypto or other stablecoins minor details like the time of the transactions were also demanded. And this is from the judge. The documents sought and the transactions RFPs appear to go to one of the plaintiff's coral allegations at the defendants. Tether engaged in crypto commodities transaction using unbacked USDT and that those transactions were strategically timed to inflate the market. And then it goes over some other stuff and gets boring. But here's my question. Does anybody have a problem with Tether producing these documents? Look, they've already been audited. We know there was a British Virgin Islands, I believe auditing company that said everything's in the up and up and it was good. Great. So do they get a pass just to get one and done? And that's it. Then we're good to go. Like, I'm just saying, I just think that we're going to put this much money into it. Let's just put our cards on the table. Look, USDC does it. Binance Coin does it. You know, Binance Coin? Or not BNB, but the stablecoin itself is backed 100% by cash reserves and other assets that can equal up to the amount that they have. So I mean, if they're doing that and they're proving that, why not Tether? And I'm not telling you that Tether is about to explode something that's happening. I'm just saying that, why not? I mean, if you can produce it, produce it and everybody can just say, well, that's cool. Great. Now we can use Tether and there's no fud and we can just get past this and I'm just dancing around the stuff. Just go from there. I don't see the problem. But maybe I'm misguided. Let me know where I'm wrong there. And lastly, I'm just going to ask for everybody for just a little bit of help. As Puerto Rico, of course, we know that Hurricane Fiona just came through. Look at that. Just roofs and everything being in shambles and just awful. This is from a great video from 50 Shades of Way. You got to love Twitter. And this is what it looked like as all the devastation was coming through. So if you would be so kind, I would appreciate it to help out. There's two ways you can do it. There's a link in the description. First of all, there is this, look at that. Jeez, that's awful. Electricity is still down for most of the island. World Central Kitchen. Who is this? Founded by chef Jose Andres in 2010, where those fights that 100 people can eat will be there. And here's their website itself. You can support it. And just so you know, it's not a scam. There's this website called charitywatch.org. I give them an A plus and it's very rare to see those types of things. You can see like some organizations that takes like 50 bucks to raise 60 bucks. This one takes just a buck to raise $100. So they're pretty efficient in what they do and they're trying to feed people in there. Also, do you see those rooftops going crazy? Well, it's getting ripped off. Protechos is the one that I donate to. I just gave them $5,000 recently. Probably gave them another $5,000 pretty soon. And they are a non-profit organization there located in Puerto Rico. And everybody who donates will be matched by Ateache, Anvala, whatever it's called in Puerto Rico. Correct me in the comment section, but they get their funds matched. So within the next week or so, if you could be so kind. And you can also donate in crypto. All it does is it attaches to your MetaMask wallet and you can send over. Look, if I got 1,000 people watching me, how about 10 bucks a USDC? That's all I'm asking for. Just 10 bucks and we go from there. And that's it. That's all. Links in the description right there. El Puerto Rico. That's all I got. So look, that concludes today for the news. If you want to stick around, we'll go over the Q&A. I'll answer all your questions, the best of my abilities. I also want to talk about a Voyager update and that $50 million. I think that was wrong, but we'll go over that in the Q&A. So if you want to take off, take off. Thanks for coming by. If not, stick around. We'll do a little Q&A. Also, before you go, like and subscribe. All that good stuff. And Q&A.