 Well, Ms. Alas, that news are dead for short. My name is Rob and I don't want every anybody to freak out especially for this first story that we're gonna cover which is Bitcoin failed to make a block for over an hour and a bunch of mileage was selling So we're gonna go over and just get the best information that we can and go from there And let's just start that right now. It's gonna gives a lot of people a lot of angst So this is what is happening there. So the Bitcoin Blockchain failed to produce a block for over an hour. Usually Bitcoin blocks are produced every 10 minutes But apparently this is normal over 30 33 34 days, I've been in since 2017 and I've never heard of this So let me know what you think about this in the comment section But this apparently is a normal thing 85 minute block interval left more than 13,000 transaction stock in a pending state on Monday According to on-chain data from several block explorers interval between the two latest blocks mined by foundry and Luxor was 85 minutes over an hour According to me mem pool over 13,000 transactions were pending Before the latest block was actually mined and so we take a look at it like okay Well, this doesn't sound too great, but wait It's not so bad Last week Bitcoin underwent a difficulty adjustment to ensure block confirmation kept taking place every 10 minutes That's good to know Meaning diet mining difficulty surged at 35.6 trillion the difficulty level. That's pretty high It becomes more expensive to mine Bitcoin Which heaps pressure on a mining industry that is dealing with soaring energy prices in a crypto bear market we'll get into the how much miners are actually selling right now and Tadge dry a founder of the light network tweeted at an 85 minute interval between blocks can be expected to happen once every 34 days Not taking into account any difficulty changes. So again, this is the first I've ever heard of it And I just came across my desk and I was like that doesn't sound right, but apparently again This is this is normal. I'm not a miner. That's just what they're telling me sound off in a comment section But that's not the big concern for me. It's it's really not I mean 85 minutes. All right didn't didn't work out There was no like the grade of service or there was not a you know Nile of service attack or there wasn't just a big collapse where you know There was a hack or there was a double-spend or something like that that would concern me I'll be honest with you But the things that I take a look at is well We know that's expensive to mine Bitcoin. What are the miners doing? And this is from crypto quant We can take a look at Just how much miners are selling every day and this is what's called the Bitcoin miner outflow And we can see that it's pretty consistent and then we have spikes right here What's concerning to me is that the spikes are happening on the low points and I think there's just so much competition I mean electricity is going up. Let's be honest across the globe wherever people are mining Hopefully they are in a in a in a sector where it's not so darn expensive and of course when there's peaks here You'll see a little you know Outflows 8,000 if you take a look at 8,000 5,000 The outflow itself 1,000 then then spikes here. It's been about 1,500 2,000 outflow and if we kind of take a look back Let's go back here It's pretty pretty stable as time has gone on even even over here, which was the peak Not too bad. And then of course this was a big outflow. This is probably during the The exodus for all the Chinese miners good. I'm glad you guys are here in America That's probably why that happened, but then if we take a look even further back What's let's just go all the way back to being a time. Look at this one. Wow 2011 a huge spike, but you got to remember This was before the halving so the first having was in 2012. This was this is 16 November 2011 people probably were like just selling Bitcoin just to to gear up for the next hash wars which Happened over time and of course there was a lot more outflow back then because Bitcoin wasn't as expensive But we can see here that there is a consistent amount of alfos But the thing that I was taken aback by was this the minor reserves This is the balance of addresses belong to mining pools shown for large pools and aggregate unknown miners What a small bring so all the minor mining pools right here. This is the minor reserves Now I'm just gonna take it over here. It looks pretty flat, doesn't it? Just like we take a look over here. How these things look super high, but it's the nuances if we go over here All minors for their reserves is 1.91 Bitcoin one place using 1.91 million Bitcoin And we haven't seen that low because it's been about two and a half to four to five to six It hasn't been that low below two million whoa Since 2010 let me go to 1.9 February 7th, 2010 to be specific That's quite an outflow and I'm not saying I'm blaming miners. They got to keep the lights on right, but it's just something to Take a look at and say yourself, you know our miners holding on well, they can't hold on There's only so there's only so much they can do so Let me know which thing by the comment section. I want to talk about the story before everybody flips out and Says ah, this is it. This is the crash any five minutes, but I need the real story Is the outflow and yeah, I'm interesting about the comment section. Let's move on To regulation This is from a friend of the show Simon you CEO of StormX and he says I thought text was pretty crypto friendly and this is from watcher guru Texas securities regulator launches Investigation into FTX US and CEO Sam Beckman free and it always sounds very concerning we say it's it's an investigation sounds awful and then Neville my man puts it pretty Pretty accurately Texas is crypto friendly and he's right as long as they felt follow Texas laws Voyager and FTX haven't been following the state laws That's the reason they're being investigated But in all honesty if we dig down into it to the story itself It's over on Barron's and I linked in the in the description. You can check it out It's a very long and dry boring article. This is what it comes down to the issue is this at issue our accounts that FTX offers That pay investors yield in exchange for depositing the crypto with FTX Regulators say those are on registered securities that don't disclose their risk to investors stop paying yield So I know some people will say well, let them do whatever they want to do fine. That's fine But you're just gonna keep getting investigated So I'm under the belief that these right there are gonna keep coming and tell me work with them It's a lot easier to win the war when you when you have a Trojan horse and get on the inside So just go like this just talk to the investigators. What's the problem? What do you want us to fix? Give us some clarity who's gonna Oversea crypto is it a security is the regulation is a currency really be nice to know that so you can give me the rules So I can bend the rules and that's really the whole thing. I don't me personally. I'm done with yield I don't give a I don't care about yield whatsoever All I want is my crypto. I learned my lesson on Celsius. I learned it on voyage You're just like Neville talked about I don't need yield All I need is dollar cost average and weight and that's pretty much it So let me just think about that in the comment section that I just want to bring that to everybody's attention It's not a big deal. That's what going on and then over a quick want to bring this up Congratulations to Charlie they Just went live The Oracle went live on the main net if you don't know Charlie It is an Oracle means it can take outside data outside Non-crypto data and pull it into the blockchain and that is Cardano's Oracle what they're using So now that they are live is want to say congratulations and it was a long road and good for them So that will conclude that piece and the last piece is a little little long-winded. I must tell you But just hear me out on this one. This one is pretty good It's all about inflation changing world order and Bitcoin and it was a very long article, but it was fascinating I linked this one description as well. I highly encourage everybody to read it This is Russell Napier. Who's Russell Napier? Good question Author of solid ground investment report for institutional investors He worked in the investment business for 30 years been advising global institutional investors on asset allocation since 95 author the book of anatomy of the bear lessons from Wall Street's four great bottoms Founder and course director of the practical history of financial markets course as being on the Innenberg Business School MBA Director of the mid-wind international investment trust advisor committed to fund management companies Cerno capital and Kennox asset management. So notice say this guy's been around for quite some time Probably has a wealth of information and what he talks about here It floored me. So I'm gonna get into it First of all, this guy isn't isn't the the sky is falling guy like Robert Kiyosaki or the other ones out there It's like hey, the world's gonna end tomorrow every day This is not his MO He wrote for years about the deflationary power of the world economy, but two years ago after being pretty bullish Napier warned of a vicious return of inflation. Guess what? I think he was pretty much spot-on if we have been paying attention to anything that's going on in the macro world Inflation's here. I think it's here to stay for a while He explains why most developed economies are undergoing a fundamental shift and why the systems Most investors have been accustomed to two over the past 40 years. So the The world that we live in right now The financial world it's changing. I think we have to change with it and what he talks about is this He says here's my forecast Everything that's going on is structural in nature not cyclical The idea that economies are guided by free markets is over We're moving to a system where a large part of the allocation of resources is not left to the markets The economy where the government the government plays a significant role in the allocation of capital and we see that right now We see that right now about what the government is doing. They're paying they're picking the winners And they're also working with of course the central banks the central banks I think are losing a bit of power and this is where it's going. He said The French would call this system Dirigiste or dirigism, which is where the government takes over. This is nothing new There's a system that prevailed from 39 to 79. Why is it happening? The main reasons that our debt levels have simply gone too high US is that and James always thought on with this is that 290% as far as debt to GDP 371% is in France and above 250% in Western economies growth Debt to GDP pretty high and then it goes over some other stuff. I'm gonna have you read it. So this is what's interesting The level of inflate inflation would do the trick and he talks about a range between 4 and 6% Why 4 to 6% because it has to be a level that the government can get away with so if we see That the government starts to pivot Now the government's even in the Fed starts a pivot and says, you know what we wanted a 2% But that 5% is pretty good. If they if they hit that then we know This could all take place and what he's talking about here Essential banks and the weakness that they're they're experienced right now Is this all gonna happen so into to the European Central Bank? Definitely the Bank of England the Bank of Japan these countries already well on their path to financial Repression, which is gonna be done by the governments. It will happen the US to but we have a lag there Which is why the dollar is rising so sharply makes sense. I think we take a look at the Dixie. It's still up So what do you mean? Inflation rate in the area 4 to 6% what the government can tolerate thereby achieving a nominal GDP growth of say 6 to 8% Well interest rates are kept at a lower level savers won't like it because why would people like to save just like Like your parents and grandparents probably told you just save your money to be okay Well, now it's inflating away to 8% So savers won't like it but debtors and young people will wages will rise financial Repression moves wealth from savers to debtors and from old to young which we see right now Which is going on with the boomer generation Imagine what will happen when we decide to break free from our one-sided addiction of having everything made in China This means a huge home shoring or friend shoring boom capital and investment on a massive scale Into the re-industrialization of our own economies Production can move back to Europe to Mexico to US even the UK and what he's talking about here This is what he's talked about yet on yesterday's Q&A This was from Jordan Schneider Jordan is an analyst at our Holingham group on China and tech and this was a thread that he put out Basically from this letter right here dear US management team as you may have heard on Friday October 7th US government issue a new set of regulations prohibiting support To certain fabrications in China by US persons most of this being chips microchips as a result US employees including US citizens great card holders and foreign nations will who live in the US are prohibited From providing services to advanced fabrications in China effective midnight tonight And he just talks about how this is looking like a little bit of a of a take back of America and microchips because everything is being produced Overseas and this would actually fall into the chips act which if you've heard about this Essentially, they're trying to do the same thing where they're trying to incentivize American companies to bring back the production of microchips here in the US and cut off China, which to me is fine Chips act micron technology is the latest of half a dozen companies to announce new semiconductor fabrication plants in the US two pieces Did you know the you that we used to produce semiconductors up to almost 37% Almost 40% really in the 1990s now It's only 12% because we we offloaded all the jobs all the fabrication and we just shipped it off elsewhere because it's cheap Now we want to bring those back the chips act Signed a law by President Joe Biden August Provides 52 billion for manufacturing incentives the boost microchip production the US ship manufacturers Can begin seeking to use tax breaks and funds to offset construction other costs beginning next year and that's why These companies are saying sure I'll be a part of that and that's what he was talking about in this section So is this only the start? Yeah, he states will need at least 15 years. I government directed investment in financial oppression Which is sound soundly where we're going through but What will this mean for investors? This is the whole thing of what I'm trying to get to what this means for me and you Right, this is a good theory. So first of all avoid government bonds Even though it's not too bad right now Investors in government debt are the ones who will be robbed slowly within equities There are sectors that will do very well energy climate Change defense and of course semiconductors Inequal independence on price from China will all be solved by massive investment from the government Companies that are geared to this renaissance of capital spending will do well And he states gold will do well once people realize that inflation won't come down to pre 2020 levels But we'll settle between four and six percent that got me thinking, you know the gold market is around 12 trillion dollars 12 trillion dollars for gold. I have nothing against gold and silver. I own both But I got to tell you if you're gonna shoot do a hedge against inflation for a long-term horizon not a short term Let me get that make that crystal clear. I Mean we've got this thing. It's called Bitcoin and there's other cryptos that you can get and see I'm I'm on a ton of time myself But this just brings it home to me every time I see this, you know with 20 bucks in the 80s Could buy you a cart full of groceries in 2000 not too much now go to the store and try to buy Most anything with with 20 bucks. You're gonna be severely disappointed. I'm the same thing with with Bitcoin It's anything it's in the exact reverse in 2011, you know when miners were selling all their Bitcoin 20, I mean one Bitcoin could buy about a cart full of groceries and then 10 years later Gosh 67,000 dollar car if you sell at the top. That's a nice car. I must admit So just think about this what's gonna happen the next 10 years in the 2031. What could one Bitcoin be? That's really all I want to share with you. So look that takes Everything we want to talk about as far as the news today and If you got to go somewhere, thanks for sticking around it's been 17 minutes. I appreciate you. I really do now if you want to Hang out for a little bit now We'll go into the Q&A will answer all your questions the best of my abilities, especially all the stuff We just went over and we'll go from there, but if you got to go, thanks I'm gonna stop and buy hit the like and subscribe on your way out. That's it. Thanks for stopping by Let's get into Q&A. Oh, yeah, one more thing. I just complete the videos for Cosmos or Adam and the near protocol staking on the ledger Those will all be out on Friday as I'll be traveling to Houston. So that is it Let's get into the good stuff. This is my favorite part of the day favorite part of the