John has some good Holiday Cheer for you in this episode
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Happy Groovin Holidays (Encore)
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Bitcoin finally cracks 100,000 ! Are you in?
Well Bitcoin lovers and investors it’s finally happened! Bitcoin finally valued at 100,000 ! Long considered the first and quintessential model of Cryptocurrency, Bitcoin has spawned other wanna be’s and imitators.
But before you go take out a loan to buy one coin remember this: Bitcoin and cryptocurrency has no intrinsic value. It doesn’t produce anything.It’s a speculative asset
Although cryptocurrency is supposed to be is not sanctioned by any Government or subject to any of it’s rules or regulations it’s allure has become even more attractive.
Depending on where you are in the world Bitcoin has allies adversaries
The US financial industry begrudgingly has included Bitcoim to it’s list of financial products and offerings.
Initially during his earlier Presidential bids, former Presidential candidate, Donald Trump once referred to “Bitcoin” as a scam. However after receiving 25 million from some key Crypto holders in the industry he changed his mind and declared, “The United States” will lead the world in Crypto.
Some Senate Republicans are seizing on this and are looking for a chance to payback many in the industry by crafting,”The Bitcoin Reserve” bill. It would be buying hundreds to thousands of bitcoins of bitcoins to be held as an asset like our gold reserve for defined period of time and at the end of the stated period of time the bitcoin reserve fund would pay down or off the Federal deficit
Yeah..Right… The Federal deficit . The big red flag about this is when you start selling off Bitcoin it’s value decreases, a precipitous drop! Oops.
The individuals and institutions who are already in Bitcoin would sell theirs triggering a massive sell off all but making Bitcoin useless.
Let’s hope it doesn’t happen and heaven help us if it does
The next day, Bitcoin dropped back down to under 100,000.
How’s your Bitcoin doin?
Checkin’ Out Flicks # 35
Here’s the countdown of the top 5 grossing movies in the US over the weekend of November 29th-December 1st 2024
TW LW 1 * Moana2 2 1 Wicked 3 2 Gladiator II 4 3 Red One 5 6 The Best Christmas Pageant Ever
- Box Office Mojo
Checkin’ Out Flicks # 34
Here’s the countdown of the top 5 grossing movies in the US over the weekend of November 22nd-24th 2024
TW LW 1 * Wicked 2 * Gladiator II 3 1 Red One 4 * Bonhoeffern : Pastor. Spy. Assassin 5 2 Venom: The Last Dance
- Box Office Mojo
Matt Gaetz withdraws his nomination for Attorney General…
What’s old is new again in the world of Donald Trump nominees! Former Florida Congressman Matt Gaetz is withdrawing his nomination from President elect, Donald J. Trump for Attorney General of the United States.
Gaetz, resigned his Congressional seat just days before the Senate was to begin an investigation on charges that Gaetz was allegedly involved with sex trafficking, sex with a minor, and other charges.
Initially the Senate was supposed to publish a report on Gaetz while he was still in Congress but opted not to release it upon notification of Gaetz’s resignation from Congress
It was reported that Gaetz could see where it was going and it would be an uphill battle as some members of the Senate wanted to see the report before hearings that would be held to determine rather the Senate would either reject or confirm his getting the position.
He cited that as being a “distraction” as he was withdrawing his consideration for the position that would slow down the “hearing” process.
This may be considered a “harbinger” of things to come as other Trump nominee’s for his Cabinet have equally dubious reputations which may be difficult for the Senate to confirm.
Gaetz is looking into the possibility of getting his Congressional “House seat” back.
Stay tuned.
Checkin’ Out Flicks # 33
We’re back to our countdown after a preemption of the latest political news.
Here’s the countdown of the top 5 grossing movies over the weekend of November 15th-17th 2024
TW LW 1 * Red One 2 1 Venom 3 3 The Best Christmas Pagent Ever 4 2 Heretic 5 4 The Wold Robot
*Box Office Mojo
The Aftermath..What’s next?
Well it’s over.and the votes are in. The Groovisphere is split three ways. The left is disappointed, the right is overjoyed and the center is ready to move on.
Donald Trump is the 47th President of the United States
What will this country look like 60 days from now or better yet 6 months from now or at the end of his term.
I guess we’ll have to F around and find out.
Hey Alan Lichtman how did that prediction work out…
Historian Alan Lichtman, known for developing a system for picking the winners in Presidential elections has come to an end.
His record is now 9/10. Although he still defends his system, any system can be rendered flawed by one thing-human interaction.
Maybe you should incorporate this methodology to make your future predictions.
Your new President of the United States is……..
Well he’s back.. Donald Trump is your 47th US President of the United States.
Tick tock time is passing..Have you voted yet?
Time is moving don’t waste it …No excuses, no procrastinating….VOTE!