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Top Three Videos – June 27 2023

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Russian Rebellion & the Ukraine War w/Col Doug Macgregor
Judge Napolitano - Judging Freedom

Transcript:

  • 00:00  Colonel Douglas McGregor discusses the events that occurred in Russia over the weekend.
  • 01:35  Soldiers in the Wagner group staged a spectacle to express frustration with the Russian high command’s handling of the war, but Putin did not see it as high treason and no one was imprisoned or executed, while Lukashenko’s intervention prevented Russian casualties.
    • This was not a coup, but rather a spectacle orchestrated by Mr. Pagosian to protect the Wagner group and express frustration with the Russian high command’s handling of the war.
    • Soldiers in the Wagner group were under the impression they were going to rescue Putin, but their actions were not seen as high treason by Putin and he did not imprison or execute them.
    • Russian troops were sent to the theater headquarters and towards Moscow, causing concern and alerting the Moscow Garrison, but Lukashenko’s intervention prevented any Russian casualties.
  • 05:33  Putin has taken actions to protect popular groups in Russia, showing his control, while the speaker supports Ukraine, praises the Wagner group, and emphasizes the need for ongoing work.
    • The Wagner group and the Pagosian are popular in Russia, and Putin has taken appropriate actions to protect them, demonstrating his control and similarity to a czar.
    • The speaker expresses support for Ukraine, states that there is no conflict, praises the Wagner group, and emphasizes the need to continue working.
  • 08:24  Many Russians, including those to the right of President Putin, are frustrated with the slow conduct of military operations in Ukraine and want to declare war and crush the opposition, while the Russian military is divided on the effectiveness of pagosian’s organization and the future is uncertain.
    • McGregor  discusses the changing perception of soldiers from being labeled as terrorists to being seen as great guys, questioning whether Vladimir Putin truly believed in their guilt or if he was aware of the truth.
    • Col McGregor discusses the possibility of the Russian president fighting to preserve his presidency and the future operations of the Wagner group within the Russian army.
    • Many Russians, including those to the right of President Putin, are frustrated with the slow conduct of military operations in Ukraine and want to declare war and crush the opposition.
    • In 1990 and 91, there was concern about the idea of a frozen war and setting up a DMZ, but President Bush decided to attack instead.
    • The Russian military is divided on the effectiveness of pagosian’s organization and the future is uncertain, but President Putin received the message to fight and end the conflict quickly to avoid a larger war.
  • 13:46 Russia’s aggression against Ukraine has strengthened Russian society and military, alienated Ukraine, and exposed the intelligence community’s unwillingness to admit their mistakes.
    • Russia’s aggression against Ukraine has not weakened it economically or militarily, but rather has made Russian society more cohesive, increased the size and power of the Russian military, and strengthened the will to win, while also alienating Ukraine from Russia and strengthening NATO.
    • McGregor  suggests that the intelligence community in Washington may have known about the creation of a powerful monster but is unwilling to admit their mistake, and that they are more focused on pleasing their superiors than providing accurate information.
  • 16:39 The Biden Administration plans to provide more support to Ukraine, while cautioning against giving Putin any excuse for war, and there are concerns about a potential economic crisis in Germany.
    • Americans are not interested in waging war against Russia, and President Biden emphasized the need to give Putin no excuse to blame the West or NATO, while the speaker criticizes the media’s celebration of Putin’s supposed failure.
    • The Biden Administration will announce more support for Ukraine in terms of weapons and capabilities, and it is uncertain whether Putin will escalate the war or continue to be patient and methodical.
    • There may be an additional $6.2 billion mistake in the Pentagon’s accounting system, leading to more money being sent in the future, and Germany is at risk of sliding into a severe recession or depression.
  • 19:44  Putin may take over eastern Ukraine and Odessa, potentially adding more troops if necessary, as the Russian people want a clear victory, while Washington needs to acknowledge mistakes, prioritize Ukrainian and European interests, and hope for figures like Donald Trump and RFK Jr. to advocate for peace, although a more aggressive Russian advance is possible.
    • Macron’s popularity in France is low, Putin may be patient for changes in Europe to bring peace, but the Russian people want a clear victory, so Putin may take over eastern Ukraine and Odessa and potentially add more troops if necessary.
    • Col McGregor  suggests that while the military aspect of the Russian rebellion and Ukraine war may have been decided, there is a need for Washington to acknowledge any mistakes made and prioritize the interests of the Ukrainian people and Europe, as there is currently no one in power advocating for peace in Europe, but there is hope with figures like Donald Trump and RFK Jr. who are against the war and have significant support, although there may be a possibility of a more aggressive Russian advance in the future.

BlackRock Bitcoin ETF will be a ‘game changer,’ this is why - Ran Neuner
Kitco News

The potential approval of BlackRock’s Bitcoin ETF could have a game-changing impact on the cryptocurrency market, potentially doubling the price of Bitcoin and leading to a new all-time high.

Detailed Insights:

BlackRock’s Bitcoin ETF and its impact

  • BlackRock’s filing for a Bitcoin spot ETF is a “dramatic shift in sentiment” considering their previous skepticism towards crypto, which could have a significant impact on the Bitcoin market.
  • BlackRock’s Bitcoin ETF is different from the grayscale product because it is regulated as an ETF and holds physical Bitcoin, providing investors with easy access and exposure to spot Bitcoin.
  • A Bitcoin spot ETF, on the other hand, creates buying pressure for the fundamentally scarce asset, as it requires holding the actual Bitcoin one to one, making it a positive product for Bitcoin believers.
  • BlackRock’s entry into the Bitcoin ETF space could be a game changer, as the SEC has been historically unfavorable towards crypto and has denied all previous ETF applications.
  • BlackRock’s success rate in getting ETFs approved and their extensive distribution network make them confident in the approval of a Bitcoin ETF.
  • BlackRock is well-positioned to receive approval for a Bitcoin ETF, making them a strong contender in the race for this investment opportunity.
  • BlackRock’s extensive distribution network in the United States would greatly benefit the Bitcoin ETF, as it would allow for widespread access and potential sales of the product, increasing its adoption and potential success.

Potential implications for the crypto market

  • Bitcoin and crypto are becoming more influential in politics, with candidates vocalizing their support or positions on these assets, indicating their growing significance in the public sphere.
  • BlackRock’s entry into the Bitcoin market is seen as a game changer due to its status as the largest asset management company in the US and its strong political connections, making it a significant player in traditional finance.
  • If the BlackRock Bitcoin ETF gets approved, Bitcoin could potentially double in value, depending on economic factors and monetary policy at the time.
  • The approval of the BlackRock Bitcoin ETF could have implications for the entire crypto market, potentially either overshadowing other altcoins or lifting up the rest of the market.
  • “If this Bitcoin spot BlackRock ETF gets approved, you see the Bitcoin price doubling.”

Decentralization and control over Bitcoin

  • Owning all the Bitcoin does not make it centralized, as the key aspect of decentralization is the distribution of mining power among millions of machines globally.
  • Regardless of who owns the Bitcoin, the mining process remains decentralized, meaning that even if BlackRock were to buy a large portion of Bitcoin, they would not have control over the transaction process.
  • While it’s great for a centralized party like BlackRock to buy and hold Bitcoin in a bank vault, individuals can still control their own money by buying Bitcoin on the open market and avoiding the risks of centralization.
  • The design of Bitcoin, with its proof of work protocol, ensures a more secure network as it requires more computers to solve mathematical puzzles.

Confidence in the approval of the Bitcoin ETF

  • The probability of the BlackRock Bitcoin ETF succeeding is considered to be higher than 50%, given the belief that BlackRock has insider information and confidence in its approval.
  • Ran Neuner expresses a high level of confidence in the likelihood of the BlackRock Bitcoin ETF happening, stating that if he had to bet, he would put his kids’ university fund on it.
  • “When it feels the most uncomfortable to be pressing that buy button, that’s the time that we should be placing our bets on crypto.”

Transcript:

  • 00:00  A BlackRock Bitcoin ETF filing has sparked a shift in sentiment towards cryptocurrency, potentially leading to approval by the SEC and positive impact on the Bitcoin and altcoin markets.
    • BlackRock, the world’s largest asset manager, filing for a Bitcoin spot ETF has sparked other companies to do the same, leading to a shift in sentiment towards cryptocurrency, but the question remains whether the SEC will approve it and what impact it will have on the Bitcoin and altcoin markets.
    • BlackRock’s Bitcoin ETF would provide easy access to spot Bitcoin by holding physical Bitcoin as part of the ETF structure, unlike the grayscale Bitcoin trust which is not regulated as an ETF and can only buy Bitcoin, leading to a discount in its trading value.
    • A BlackRock Bitcoin ETF would allow investors to buy and sell Bitcoin directly, increasing its scarcity and making it a healthier investment option compared to a Futures ETF.
    • A Bitcoin spot ETF creates buying pressure for the scarce asset and eliminates the manipulation and creation of paper Bitcoin, making it a positive product for believers in Bitcoin.
    • The SEC has consistently denied Bitcoin ETFs due to concerns about manipulation, but BlackRock’s entry into the market could change that as the SEC has been unfavorable towards crypto in the past.
    • BlackRock’s application for a Bitcoin ETF, combined with the SEC’s recent crackdown on crypto, indicates a significant shift in the market and has led to a positive outlook for Bitcoin and the overall crypto market.
  • 10:33  BlackRock’s confidence in their Bitcoin ETF approval is based on their track record, distribution network, and ties to the US government, potentially suggesting insider knowledge or a special deal; the submission may also be a strategic move by the SEC chairman to appease critics and give back to the crypto community.
    • BlackRock’s confidence in the approval of their Bitcoin ETF is based on their successful track record, extensive distribution network, and close ties to the US government, suggesting they may have insider knowledge or a special deal in place.
    • BlackRock’s submission of a Bitcoin ETF application may be a strategic move by the SEC chairman to appease critics and give back to the crypto community, as Bitcoin is considered a commodity and outside of the SEC’s control, making BlackRock the ideal candidate for approval.
    • The BlackRock Bitcoin ETF could be a strategic move by Gary Gensler to maintain his position and win favor amidst calls for his resignation, as politicians’ positions on cryptocurrency are becoming increasingly influential in elections.
    • BlackRock’s involvement in Bitcoin as a proxy for the US government and its centralized nature raises concerns among Bitcoin purists who see it as contradicting the decentralized ethos of the cryptocurrency.
    • BlackRock uses its financial power to enforce ESG policies and behaviors on companies, which has been criticized as an oppressive tool of control.
    • Increasing diversity in employment is important and can impact compensation, so it is necessary to force behaviors and take action to achieve these goals.
  • 19:27  BlackRock’s potential launch of a Bitcoin ETF could be a game changer for the cryptocurrency, as their involvement would counter environmental concerns and their vast distribution network makes them an ideal buyer and distributor, although concerns have been raised about the possibility of them pushing for a hard fork.
    • BlackRock’s involvement in Bitcoin as a driving force for ESG is not a concern, as it helps counter the criticism that Bitcoin is not environmentally friendly.
    • Bitcoin’s decentralized nature is maintained through the scattered network of computers, or miners, that approve transactions, preventing collusion and ensuring the integrity of the currency.
    • The total supply of Bitcoin is fixed at 21 million and can only be changed if the majority of miners agree, so even if BlackRock buys a large portion of Bitcoin, it won’t affect the decentralized mining process.
    • BlackRock, as the largest asset management company in the US with a vast distribution network, would be the ideal buyer and distributor for Bitcoin, making their potential launch of a Bitcoin ETF a game changer for the cryptocurrency.
    • BlackRock’s inclusion of a line in their Bitcoin ETF filing stating that they may use their discretion to determine which version of Bitcoin is appropriate for the trust’s purposes has raised concerns among investors about the possibility of BlackRock pushing for a hard Fork that would transform Bitcoin from proof of work to proof of stake.
    • BlackRock’s Bitcoin ETF filing includes language addressing the potential for a network fork and the need to determine the correct Bitcoin, suggesting that it was included without malicious intent.
  • 26:31  BlackRock’s potential purchase of Bitcoin and transition to proof of stake could be a game changer, leading to increased funding for Bitcoin development and involvement with miners, despite concerns about a potential fork.
    • Miners solve mathematical puzzles to confirm Bitcoin transactions in proof of work, while in proof of stake, Bitcoin owners approve transactions by staking their coins in a voting mechanism.
    • Bitcoin’s proof of work protocol is designed to make the network more secure as it grows, while Ethereum’s move to proof of stake raises concerns about increased control for token holders.
    • BlackRock’s potential purchase of Bitcoin and its plan to transition it from proof of work to proof of stake could be a game changer, despite concerns about its ESG narrative.
    • If miners do not agree to switch from proof of work to proof of stake, the Bitcoin chain will remain the real chain and BlackRock will not be able to convince over 50% of miners to adopt proof of stake.
    • BlackRock’s Bitcoin ETF could be a game changer if it becomes successful and leads to increased funding for Bitcoin development and involvement with miners.
    • BlackRock’s Bitcoin ETF could potentially lead to a fork in Bitcoin, but the speaker is not concerned about it and believes that investors would sell the BlackRock ETF and buy another ETF that aligns with their preferred chain.
  • 33:28  BlackRock Bitcoin ETF could be a game changer for Bitcoin’s price, providing easy access for institutions and potentially doubling its value, especially with upcoming events like the halving and election issues.
    • BlackRock Bitcoin ETF has a high likelihood of happening according to the speaker, and if it does, it could be a game changer for Bitcoin’s price.
    • BlackRock Bitcoin ETF will be a game changer as it will provide an easy way for institutions and funds to access Bitcoin, which is currently difficult due to the contango effect of Bitcoin Futures ETFs and the complexities of buying and holding Bitcoin.
    • BlackRock Bitcoin ETF will provide easy access to crypto for institutions through their distribution network, and with Bitcoin’s historical returns and high performance, it has the potential to be a game changer in the asset class.
    • If the BlackRock Bitcoin ETF is approved, Bitcoin’s price is predicted to at least double and could be influenced by economic factors and monetary policy.
    • The approval of the BlackRock Bitcoin ETF in February, combined with the upcoming halving and election issues, could lead to increased demand and a positive impact on the price of Bitcoin, potentially affecting other altcoins as well.
    • Most candidates running for office have expressed support for bitcoin and cryptocurrency, with some even receiving their salary in bitcoin.
  • 42:01  Bitcoin is becoming an election issue and with upcoming events like the halving and elections, it is a good time to invest in Bitcoin; if Bitcoin’s ETF gets approved, it could have a positive impact on the altcoin market, but many altcoins will be eliminated, leaving only a few survivors.
    • Bitcoin is becoming an election issue and with the market, politicians, and upcoming events like the halving and elections, it is a good time to invest in Bitcoin, which is why the speaker is deploying a lot of their capital into it.
    • There are concerns about a potential recession in the first quarter of next year, but the speaker believes that we should get used to the fact that macroeconomics will always be a factor.
    • Bitcoin acts as both a digital gold and a technology product, responding to market conditions, and if Bitcoin’s ETF gets approved and positive forces align, it could have a positive impact on the altcoin market.
    • Many altcoins will be eliminated by the SEC, the business cycle, and unique crypto phenomena, similar to the .com bubble, leaving only a few survivors like Amazon, Google, Microsoft, Apple, and Facebook.
    • Investing in a company allows for flexibility and adaptation, while investing in cryptocurrency protocols is more rigid and carries a higher risk.
    • Altcoins that have the potential to fundamentally change the world and survive in the long term will likely see significant returns, while those that do not will likely go to zero.
  • 48:23  BlackRock Bitcoin ETF focusing on layer one blockchains and decentralized trading is a game changer, while investing in Coinbase’s infrastructure is a reliable and regulated option, despite SEC charges, as Binance faces regulatory issues and BlackRock’s approval could benefit Coinbase but not significantly impact Bitcoin if rejected.
    • BlackRock Bitcoin ETF will be a game changer as it focuses on layer one blockchains like Solana and decentralized trading, which are poised for growth.
    • Decentralized exchanges, including decentralized perpetuals and options exchanges, are a good investment opportunity in the cryptocurrency world.
    • Invest in the infrastructure of cryptocurrency rather than individual assets, and consider investing in Coinbase as a reliable and regulated exchange.
    • Coinbase is facing charges from the SEC and has a strong chance of winning, while Binance is falling out of favor with regulators and is being forced to cease operations in multiple countries.
    • BlackRock partnering with Coinbase for a spot ETF is the best investment in crypto due to its regulation and potential market share.
    • Approval of the BlackRock Bitcoin ETF could benefit Coinbase, but even if it is rejected, there may not be a significant negative impact on Bitcoin as there has been increased demand and previous rejections have not been detrimental.
  • 54:44  If BlackRock’s Bitcoin ETF is approved, it could double the price of Bitcoin and potentially lead to a new all-time high, while the approval of an Ethereum ETF is uncertain due to security concerns.
    • If Ethereum remained on proof of work, there would be little difference between Ethereum and Bitcoin, but since Ethereum switched to proof of stake, it is unlikely that an Ethereum ETF will be a carbon copy of a Bitcoin ETF.
    • Miners earn rewards for mining Bitcoin, but interest generating products like proof of stake tokens may be considered securities by the SEC, except for Ethereum which was deemed not a security by an SSD executive.
    • If the Bitcoin ETF by BlackRock is approved, the price of Bitcoin could double, but the approval of an Ethereum ETF is dependent on clarity regarding its security status.
    • The approval of the BlackRock Bitcoin ETF could lead to a new all-time high for Bitcoin, especially considering the upcoming halving and potential ETF, although the speaker is being conservative in their prediction.
    • Bitcoin and crypto have proven to be resilient and continue to grow as an asset class, even in the face of adversity from the US government, and the recent sentiment shift towards Bitcoin has reaffirmed its staying power.

A strange festival
Paul Joseph Watson

The hypocrisy and disconnect between the advocacy for open borders and diversity at the Glastonbury festival and the actual consequences and divisions caused by these ideals.

  • 00:00 Glastonbury festival attendees advocate for open borders while being surrounded by a high border fence for their own safety and security.
  • 01:38 Festival organizers build a border wall to protect attendees from illegal entry and crime, but criticize others for wanting to use tax money for the same purpose.
  • 03:02 The Tories have been importing immigrants while lecturing about open borders, and they preach about the climate crisis but can’t even clean up after themselves.
  • 03:37 An eight-week-old puppy doesn’t need a skincare routine, but Tiege Hanley simplifies skincare for adults with their products and offers a discount for viewers.
  • 05:01 The consequences of open borders and the refugees welcome movement in the UK and Europe include terrorists posing as refugees, criminal people smugglers, and a backlog for legitimate asylum applications, highlighting the disconnect between the virtue signal and reality.
  • 06:30 Under the surface of a harmonious music festival promoting love and unity, there is a hidden division and hatred, exemplified by a member of The Young Fathers band who expresses intolerance towards white people.
  • 07:24 The speaker criticizes the lack of representation in art galleries and questions the significance of celebrating historical figures, while expressing disdain for the idea of diversity.
  • 08:48 A taxpayer-funded performance art piece by a band complaining about racist comments received backlash from the public, with the musician lecturing about white ancestors being inherently evil, while claiming it was about refugees.
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