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[Assistant] And you know, it's, it's maybe 120, 130 years old and to have experienced two or three big, big storm events in its life, it only gave up once. And this scar tells the whole story.


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[Assistant] It will have been one point that the rhythm of the gusts and the rhythm of the wind and in relation to the tree and when they were both working together, that rhythm was broken. It's just the point at which the tree went bang.


[User] Please transcribe this text

[Assistant] So the story doesn't finish at the scar. There's opportunities for the tree that came after the storm. And this is the tree's response.


[User] Please transcribe this text

[Assistant] So it leads from the scar and it goes on off into the distance.


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[Assistant] Seeing the way it responded after the storm is, it just indicates how determined the tree was to survive in the same way as the family went on to survive and be successful.


[User] Please transcribe this text

[Assistant] I'm looking at these dried sweet soybeans. I'm gonna add some of them to my broth.


[User] Please transcribe this text

[Assistant] So I had to choose between ginger, soy and wasabi. And I chose...


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[Assistant] So the advantage in winning the mystery box, it's massive for me. Always wanted to cook with wasabi. I tasted it and it was amazing, so hopefully I made the right choice.


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[Assistant] I think the flavours go together. It's gonna pack a punch. I'm hoping I didn't over-complicate it and I managed to keep it as simple as I can.


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[Assistant] Fish has been cooking for a couple of minutes. I just quickly flip it and throw that knob of butter in. Take it off the heat and it's looking pretty good.


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[Assistant] Good morning, not a bad spot, is it? Almost home. You can see Melbourne in the background, and it won't be long before you're back in the laneways, back in your favourite cafes and restaurants. Melbourne, there's nothing like it. But before then,


[User] Please transcribe this text

[Assistant] This is the final stop on our road trip through Victoria.


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[Assistant] And this is called Jax Magazine. And for 115 years, this has been a place where they've stored explosives, gunpowder, ammunition, bombs, the works.


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[Assistant] These mounds that we're standing on were built to protect the surrounding area in case those buildings down there blew up.


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[Assistant] But don't worry, no gunpowder there today. Nothing's blowing up. Well, maybe you are. I'm not sure.


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[Assistant] Each day this week we've asked you to be inspired by the four elements. You've done earth, air and water, and I think you'd all agree this is the perfect location for our final element, which is fire.


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[Assistant] Eliza, the only contestant never to go into elimination. You're gonna keep that winning streak going.


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[Assistant] I think it looks good, I think it looks smashing. And you've got some drys on there, so...


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[Assistant] Such a shame. I love that you had a concept behind the dish. You know, so if ignore the thrill of the kind of smoke, didn't work. That's the reality.


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[Assistant] You had two jobs in the second round. The first one was create a dessert inspired by fire. And the other one was to make it delicious enough to keep you safe. If you haven't done that, then you'll find yourself in tomorrow's elimination. First up to taste is... Eloise.


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[Assistant] Now mutual funds, that was 8 trillion dollars, uh, so what is a mutual fund?


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[Assistant] Money changes everything. Will Getsman claims that they date back to the 1770s. This is the name of a Dutch, of course it's the Dutch who invented everything in finance. Well I'm exaggerating, but I like that. They had one, I can't pronounce that, that's the name of a mutual fund.


[User] Please transcribe this text

[Assistant] From the 1700s, uhm, there were many investment companies that developed over the centuries. Notably in the 1920s, there were many investment companies that offered to invest your money for you. But they weren't properly regulated. And a lot of them were playing tricks.


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[Assistant] Well, notably they'd have different classes of shares, and the classes were designed in a


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[Assistant] Tricky, deceptive way so that they, the owners of the Class A shares, had much better prospects than the general public that were in Class B shares.


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[Assistant] Uh, so after 1929, when a lot of these investment companies revealed their really bad performance, uh, it led to, uh, public antagony, antagonism against, uh, against investment funds.


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[Assistant] Now the leader in the United States, uh, was Massachusetts Investment Trust called MIT. No connection with, uh, the Institute of Technology.


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[Assistant] Uh, it had a fund with only one class of investors. Moreover, it published the portfolio, so there was no secrets, and it redeemed on demand. That is, you could, if you invested in MIT,


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[Assistant] You could get your money back any day with just a phone call. Now they had telephones. Everyone had a phone. You could call MIT and say, I want my money out. And they would cash you out at value. In other words, what your share of the total MIT portfolio was.


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[Assistant] So Investment Company Institute was set up, uh, I think it was in the 1930s, uh, and they began advocating for this, uh, kind of mutual, kind of investment company. And in 1940, the Investment Company Act, uh,


[User] Please transcribe this text

[Assistant] Further clarified. Although the word mutual fund doesn't appear in that act.


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[Assistant] So do you understand, let me say, what is a mutual fund? They're very popular. Uh, what they do is, uh, a classic mutual fund, uh, as defined by the SEC under regulation.


[User] Please transcribe this text

[Assistant] If you want to buy into a mutual fund, you have to contact the mutual fund. Or there are these supermarkets now that will allow you to put in. But you're not buying shares on an exchange.


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[Assistant] You contact the mutual fund and you say, I'd like to invest in this fund. You give them a check for say $10,000.


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[Assistant] Then you will come in as an equal at 4pm on the day you do that. They only deal at the closing price. So then you now own a share of the overall portfolio for the mutual fund. The mutual fund subtracts


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[Assistant] Uh, e-expense, uh, expenses for managing the fund, they pay their salaries. But otherwise, you own what's in that portfolio, your share of what's in that portfolio. And when you decide to sell some day,


[User] Please transcribe this text

[Assistant] You call them up again and say, I'd like it. Then at 4pm on that day, they'll figure out what your share of the total portfolio is and give you that in cash. Uhm, that's a mutual fund.


[User] Please transcribe this text

[Assistant] Another kind of investment fund was not invented until the 1990s. It's called an exchange traded fund, and it operates differently than a mutual fund. Now these are all described in Fabozzi's chapter, which I assigned, uh, which is a good background reading, uh, but, uh,


[User] Please transcribe this text

[Assistant] Uh, exchange traded funds are, maybe they're more pitched at people who like to trade in and out. They don't like this 4pm rule. Uh, and uh,


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[Assistant] ETFs are a kind of investment company that, uh, investment fund that, uhm, is more, uhm,


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[Assistant] Liquid and tends to have lower management or expense ratios. They were promoted as for smart investors who don't need the mutual fund structure. So here's how it works.


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[Assistant] ETF was for Standard and Poor 500 Stock Price Index. And, uh, called, uh, the first ETF was called a SPDR, S-P-D-E-R, that's Standard and Poor Depository Receipt.


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[Assistant] And they were only going to invest in the S&P 500. You could actually buy the S&P 500 by buying an ETF. Okay.


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[Assistant] Mutual, let me step back a minute. Mutual funds are called open-end funds because you can pull your money in and out. You're owning a share in a portfolio and you can get it out at market value at 4pm of every day. There's another kind of fund which Favosi talks about called a closed-end fund. A closed-end fund is different from a mutual fund.


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[Assistant] In that you buy a share in the fund on a stock exchange. That closed end fund then is uhm,


[User] Please transcribe this text

[Assistant] Uh, a share that you, you can't go back to the fund and say I want my money back. The fund invests the money and it pays dividends out, but it doesn't redeem.


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[Assistant] It has IPO, it issues shares and drops them on the market. But you can't go back to them, uh, and ask for it. Instead you have to sell your shares.


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[Assistant] Now the advantage to closed end funds over mutual funds is that closed end funds are trading continually all day long. So if the market is crashing in the morning, you don't have to wait until 4pm to get your money out.


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[Assistant] If you want to do that, you just sell on the exchange immediately.


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[Assistant] But the disadvantage of a closed-end fund is that it doesn't track the value of the underlying assets necessarily, because it has its own market.


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[Assistant] And sometimes they sell at premiums and sometimes they sell at discounts.


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[Assistant] Because you can't get your money out. In other words, it's very hard to get your money out. And so it could be selling at a discount for years. And you're tough luck, you know? You would say, why don't other investors know this? Well, maybe they don't trust the management.


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[Assistant] Or something like that, the management of the closed-end fund is incompetent.


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[Assistant] So ETFs were developed as an alternative to closed-end funds and to mutual funds.


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[Assistant] As an invention, uh, it was at the American Stock Exchange in 1993. I met the guy who invented it. What was his name?


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[Assistant] If you can't remember it at the moment, but, uh, it's not that old. Uh, he said, how can we make it something like a closed-end fund that's traded on the exchange and make sure that it tracks the underlying value?


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[Assistant] So here the idea that we will create a fund


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[Assistant] That is, uh, not for the general public, but for arbitrageurs is immediately redeemable.


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[Assistant] So if it's selling at a discount, we want to create a mechanism


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[Assistant] They have authorized participants. When you create an ETF, like, uh, so the spiders,


[User] Please transcribe this text

[Assistant] You identify a group of Wall Street firms that we will authorize as participants.


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[Assistant] In this, uh, ETF market, as opposed to just shareholders in the ETF market. And the ETF participant, authorized participants, are authorized to either create or redeem units in large amounts, say a million dollars.


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[Assistant] Uh, and uh, so that's an ETF. Automatic creation and redemption. There's many ETFs now.


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[Assistant] I don't think it was shown separately on the, uh, Federal Reserve. I think it would be under stock. But a lot of people own stocks through ETFs now.


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[Assistant] Uh, but it's still not as big as mutual funds. They're, they're for, typically for smart investors, they don't advertise, well they do advertise, fighter ads you'll see, but I don't think it says much. Uh, and they have a very low, uhm, management fee. Uh, typically something like 12 basis points.


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[Assistant] The Glass-Steagall Act was one of the most famous acts of Congress in 1933. It did a number of things, notably it created the Federal Deposit Insurance Corporation, which was the first insurance of commercial bank deposits in the United States.


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[Assistant] The idea of an investment bank was really created, of a separate investment bank was created by Glass-Steagall.


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[Assistant] Uh, so the, the problem was that people thought that the crash of 1929 had something to do with banks, uh, and investment banking and commercial banking be, being in one operation. And rip-off, there were rip-offs. So if a bank was both an investment bank


[User] Please transcribe this text

[Assistant] Uh, and also a commercial bank. Then the investment bank could use the knowledge from the commercial bank to do insider trading of securities.


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[Assistant] Uh, which somehow was connected back then to the 1929 stock market crash. So the really important thing that's most remembered


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[Assistant] Separated from JP Morgan. Also, why, why first Boston Corporation separated from the, uh, Boston National Bank, I think it was called, uh, in 1934. It was because of the Glass-Steagall Act.


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[Assistant] Uh, but that, uh, uh, was repealed. Uh, oh, by the way, other countries didn't do this. So the United States had a complete separation of commercial banking and investment banking. But other countries, uh, allowed what we call universal banking throughout this whole period.


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[Assistant] In, uh, so over the years these investment banks and commercial banks complained that they couldn't compete with European or having trouble competing because they couldn't offer all the services that were seamlessly offered by European banks.


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[Assistant] Uh, and so because of lobbying by banks, regulators nibbled away at Glass-Steagall and were beginning to allow commercial banks to get involved in certain investment banking operations.


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[Assistant] And then the Graham-Leach Act of 1999, which was signed by President Clinton, finally ended Glass-Steagall. So they can now do both. You can be both a commercial bank and an investment bank.


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[Assistant] And that led to a wave of mergers of commercial banks and investment banks.


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[Assistant] Uh, and insurance companies, uh, which had also been kept separate. So there's some Merck Travelers Group and Citicorp merged. Chase Manhattan Bank acquired JP Morgan, so it's now called JP Morgan Chase.


[User] Please transcribe this text

[Assistant] And, uh, UBS, uh, Switzerland bought Payne-Weber. Credit Suisse bought Donaldson-Lufkin and Gen Rep. Uh, that's all after, uh,


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[Assistant] But now, there are still people who want the Glass-Steagall back. One of them is Paul Volcker, former Fed Chairman, who is actually one of the most famous Fed Chairman of all because he, uh, really


[User] Please transcribe this text

[Assistant] Uh, created a recession, actually a worldwide recession. And he lobbied among other central bankers, we can't just keep feeding inflation, and it's going to have some cost. So it cost the so-called Great Recession, among the recessions so-called in 19...


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[Assistant] Well, there were two of them, 1980 and 1981-82, uh, which was a severe recession, but he seemed to break rising inflation. Uh, so he wanted to put Glass-Steagall back with the Dodd-Frank Act, uh, and he instead managed only to


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[Assistant] Put in something called the Volcker Rule. The Volcker Rule is that commercial banks cannot invest, cannot do proprietary trading. They can do investment banking.


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[Assistant] But they cannot directly own hedge funds, uh, or other risky investments. So commercial banks, uh, are allowed to underwrite securities and do the normal activities associated with underwriting of securities. But they can't be just buying for their own account risky assets.


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[Assistant] Oh good, I love technology. It makes things easier. It's fast and means I can have gadgets.


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[Assistant] For some things, yes, I think cars that drive themselves will be safer than humans, but that will take away some of the pleasure of driving. So I guess it depends on what you mean by better.


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[Assistant] I think it's quite a new expression, so I'll go for C, the 1960s.


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[Assistant] I know what a chauvinist is. It's someone who thinks that their country or race or sex is better than others. But how does this relate to technology?


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[Assistant] It's this idea that using technology is better than not using technology.


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[Assistant] She argues that computers are not objective. They are proxies for the people that make them. You might know the word proxy when you're using your computer in one country and want to look at something that is only available in a different country. You can use a piece of software called a proxy to do that.


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[Assistant] She said that society has problems with racism, sexism, classism and ageism.


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[Assistant] And she also talked about algorithms used to program these technological systems. An algorithm is a set of instructions that computers use to perform their tasks. Essentially it's the rules that they use to come up with their answers, and Broussard believes that technology will reflect the views of those who create the algorithms.


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[Assistant] Right Catherine, how about the answer to this week's question then?


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[Assistant] Where we had a chauvinist – that's someone who believes that their country, race or sex is better than any others.


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[Assistant] Next, someone or something that is objective is neutral, fair and balanced.


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[Assistant] And an algorithm is a set of software instructions for a computer system.


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[Assistant] Hey soul family, welcome back to the channel. This is the white feather tarot. And in today's reading, we're taking a look at your future self's message.


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[Assistant] About three amazing things that happened for you this year.


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[Assistant] There we go. For pile number one, you have the tiger's eye.


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[Assistant] Please feel free to check them out as well. I'm sure you will find messages that you're meant to hear about from your future self about


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[Assistant] More things that are happening for you this year.


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[Assistant] And once you're ready, you will find the timestamps down in the description box. Click on your times, and I will see you in your routines.


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[Assistant] In a moment, I am about to assign different zodiac signs for each pile. And so if this is something that you do not prefer, please pause the video, take as much time as you need. And once you're ready, I will see you in your reading. But.


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[Assistant] If you prefer to picture piles using your Zoolgeek signs, then my dear Zool family,


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[Assistant] As you know, what I like to do is shuffle your zodiac signs really well and then I will be drawing out four zodiac signs for each


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[Assistant] For pile number two, the signs are Virgo, Scorpio,


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[Assistant] And once you're ready, you'll find the timestamps down in the description box. Click on your times and I will see you in...


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[Assistant] Hi pile number one, welcome to your reading. Your crystal is the beautiful tiger's eye.


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[Assistant] Alright, let's take a look at your tarot cards. You have...


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[Assistant] And uhm, I think your patience talks about how you've been giving so much, but maybe uhm,


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[Assistant] You had to do with little resources. You know how the camel grudgetates, uh, the food.


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[Assistant] So it makes me feel like you had little resources, but you did so well with them. Maybe a little time, a little money or little tools, but you worked so well with the little that you had.


[User] Please transcribe this text

[Assistant] Uhm, working hard a little. For some of you, you might have been lucky to have a little bit of help here and there. Maybe from family or friends. Or maybe you have.


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[Assistant] A good team or something, but in all cases, you've been very patient.


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[Assistant] For some form of scam or a rookie mistake maybe that beginners make.


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[Assistant] And you've done a very smart detour along your path this year. You're like, okay, well, instead of doing that, let me take it another way. Let me do something another way.


[User] Please transcribe this text

[Assistant] With a, with a devil card. Like you thinking previously within your plan, although you're following it, you were a bit flexible. You're like, okay, okay, hang on. Something's not working here. It doesn't sound good as everything else I've been doing. Let me adjust it a little bit. It's better to be flexible than to, uhm,


[User] Please transcribe this text

[Assistant] Look at that, you've envisioned something and you're receiving it in your hands this year. Things are finally moving for you and...


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[Assistant] And getting to where you want to go. It seems like this vision is so important for you.


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[Assistant] Okay, so that's the first amazing thing that happened for you this year from your future self's perspective. Let's take a look at the second one.


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[Assistant] The Seven of Pentacles, this is a very strong message, this definitely goes along with what we're seeing here. Look at them painting, sorry, painting, uh, planting.


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[Assistant] You have the nine of swords.


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[Assistant] Was like, that's it, that's as much as I can get. You know, this is the best job I can get.


[User] Please transcribe this text

[Assistant] Can I get more? You know, the hands are open. Can I get more? Is this it? So you're moving from, oh my God, look at the hands here. These two must be related. So for some of you, this is your work, a project or career.


[User] Please transcribe this text

[Assistant] Let's say it's the same project, same business, that's as much as you were able to make. You started another, uh,


[User] Please transcribe this text

[Assistant] Uh, and in such a big way here because you're planting money. This seems to be getting money easily. Like literal, uhm, planting money on trees. Like, you know?


[User] Please transcribe this text

[Assistant] Money doesn't grow on trees. Well, it does for you. And it's like you're broke, perhaps, a limiting belief, and you're able to make


[User] Please transcribe this text

[Assistant] Money grow exponentially for you easily this year. My dear pile number two, I love this for you. Money is coming to you and flowing to you so easily this year and it seems like


[User] Please transcribe this text

[Assistant] Way of making money with a dead end but with the emperor. A new way. You built like a new territory for yourself or a new empire or a new project or a new way. You've opened a new door.


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[Assistant] Whether it's emotions, creativity, sensuality or desire, the sea serpent helps us move and direct our energy into a healthy current. So I'm feeling like exactly that.


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[Assistant] Wow, you've got the phoenix. I'm starting to grasp what this is about. Alright. I think you too.


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[Assistant] You have the thoughts, I mean, that's getting very clear by every corner. You have, ah, this one moved, let's take this one.


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[Assistant] Guys, this is like very clear. I know you can see it. Let's continue.


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[Assistant] The nine of wands. Thank you, future self of crown number one. This is so clear. Thank you. You have the king of wands.


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[Assistant] So as you can see, this is very clear. Star card is a card of healing. Ace of Cups, you're healing emotionally. You can


[User] Please transcribe this text

[Assistant] How you had to heal something that was not easy.


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[Assistant] Uhm, but look at that. You stood there strong. Nine of Wands and the King of Wands. Guys, this is like, eh, being adamant, ehm, being look, eh, looked minded about fixing something. You're like,


[User] Please transcribe this text

[Assistant] You broke your heart. You're healing through that. Or you were betrayed by close people. Or it could be picking yourself up.


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[Assistant] You were so adamant about making sure that you heal yourself. You stood there like a warrior, making sure this year is a new me. I'm changing into my more confident self.


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[Assistant] Uh, and you've been just like a phoenix, obviously, rising from the ashes, showing your power. You know on Instagram, I think yesterday,


[User] Please transcribe this text

[Assistant] I saw an eagle plunge into the water, fall into the water, plunge in, and you initially get the idea that the eagle


[User] Please transcribe this text

[Assistant] It fell into the water, right? It just sunk in and it's dying. Because especially the way the video showed, there was a few moments, long prolonged moments where it was just the sea moving. And I think the comment on the video was, people thought you have fallen.


[User] Please transcribe this text

[Assistant] That's like what I instantly remembered from this Instagram reel that I saw yesterday. I feel like you've fallen from something, something hit you hard only to come back up, not just strong.


[User] Please transcribe this text

[Assistant] The fifth house, eh, in Leo. Confidence, uhm, it could be, like,


[User] Please transcribe this text

[Assistant] We all learn throughout our years how to handle ourselves, how to handle our thoughts, because this is really the currency of life. You learn how to handle yourself within everything without changes. So yeaah.


[User] Please transcribe this text

[Assistant] This was your message from your future self about this year and I'll catch you in the next reading.


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[Assistant] Hi Pile Number 2, welcome to your reading. Your crystal is the beautiful white howlite, your card is the white rose, and


[User] Please transcribe this text

[Assistant] If you've picked your pile using your zodiac signs, then in that case, the signs for this pile are Virgo. Woah. Well, I think


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[Assistant] Two of the cards that are meant to come out today, I'm gonna put them to the side. So,


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[Assistant] And read the energy of the main card, the significator card. It says new start and wisdom. Knowing your, it's an Aristotle.


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[Assistant] It says, knowing yourself is the beginning of all wisdom. So beautiful.


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[Assistant] White white new page. Let's find out together.


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[Assistant] That we will be using for your reading. There we go. It's ready as well. So what is the first thing?


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[Assistant] The, the cheetah, there's like some form of hunting for something. And...


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[Assistant] You have the king of pentacles and you got it. So nice. You have the eight of pentacles.


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[Assistant] I feel like we can pull out one more card. Let's do that.


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[Assistant] Card, uh, cards, your first card was initially saying. Is it a new start? Absolutely.


[User] Please transcribe this text

[Assistant] You're trying to get something. You're hunting something down. You know, some of you could maybe have.


[User] Please transcribe this text

[Assistant] A small business or an idea that you really believe in and you're hunting down an investor, for example, or maybe you are job hunting, but for a very specific job that you want to have.


[User] Please transcribe this text

[Assistant] You wanna get something. You're really trying to hunt it down and look at that. The gnosis is the energy that we get into when we get into deep.


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[Assistant] I did watch a scientist from Harvard three years ago who actually left Harvard as a professor to conduct an experiment and prove that we all


[User] Please transcribe this text

[Assistant] Uhm, specific energies towards us and he himself has been talking about the gnosis.


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[Assistant] And how he put so many people in front of computers and according to the,


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[Assistant] These types of people had these sort of energies and they got these results and so on and so forth.


[User] Please transcribe this text

[Assistant] And this is like a number where they measure the accuracy of randomness, of how you get results from randomness. And I think he was explaining that is a very high number because like,


[User] Please transcribe this text

[Assistant] Feel free to do that if you're called to it. But really, I was by accident telling them that knowing yourself, knowing how to deal with yourself is the true currency of life. Because that's the whole, that's the real secret. As within, so without. And the more you spend time with the esoteric learning,


[User] Please transcribe this text

[Assistant] That's really one of the top conclusions that you, you grasp. It's really about learning how to.


[User] Please transcribe this text

[Assistant] With the moon here, I feel like your future self is saying there's progress month after month after month after month. Uhm.


[User] Please transcribe this text

[Assistant] You're dreaming really big with the seven of cups. This is a wild dream that you're going after this month.


[User] Please transcribe this text

[Assistant] That is going to come true for you with the six of wands. You're going to succeed this month at it. I see you conducting a lot of meetings. I see you working hard getting into the nitty gritty. I see you with the eight of pentacles gaining a lot of


[User] Please transcribe this text

[Assistant] And how to manifest things for you. So on the outside, it could really look like your future self is saying what they're happy about is that you manifested what you really wanted. But I think.


[User] Please transcribe this text

[Assistant] Is that they found the currency of life. They understood how to manifest either in life


[User] Please transcribe this text

[Assistant] Or how to manifest and make this area of your life work. I mean...


[User] Please transcribe this text

[Assistant] This is the kind of message of, you know what, pile number one, if they take this from me tomorrow, I know how to make it back the next day. They take this from me, I know how to get it back every single time. Each and every single time. And I really believe this is what your future self is showing you here.


[User] Please transcribe this text

[Assistant] You have the confidence of succeeding and making it work for you every single time, especially in this area.


[User] Please transcribe this text

[Assistant] Whoa, no, wow. Okay, so you have the one with success and love. I think this is pretty clear. You have, wow, the sun card. Wow, wow, wow. You have the judgment card.


[User] Please transcribe this text

[Assistant] The three of wands and the moon card here talking about falling deeply and madly with each other. Ooh. Pile number two. Okay. So the gazelle here in that case talks about grace.


[User] Please transcribe this text

[Assistant] Also, the gazelle is known to be very, what's the word called with the movement? Swift. So uhm.


[User] Please transcribe this text

[Assistant] In terms of your love life this year, it's so positive. You are either


[User] Please transcribe this text

[Assistant] Both of you seem to be, with the gazelle, poised. Both of you seem to be attractive. Uhm...


[User] Please transcribe this text

[Assistant] Hunting someone down or someone is hunting you cause look at that. So yeaah, there is huge.


[User] Please transcribe this text

[Assistant] Uh, attraction between the two of you cause you got the gnosis and the wonder strong attraction between the two of you. Overall, it's an out of body experience and there is a lot of love between the two of you. If you're already in a relationship,


[User] Please transcribe this text

[Assistant] Or maybe you're getting engaged, or maybe you're deciding to form a family.


[User] Please transcribe this text

[Assistant] Uhm, you wanna do the right thing, you're more fl-


[User] Please transcribe this text

[Assistant] Free moving with each other, like with the gazelle, you know how to swiftly move, the, the, the relationship is moving much more swiftly, yea? Much more harmoniously without any complications, yea.


[User] Please transcribe this text

[Assistant] Also, the gazelle is very alert, highly alert of its environment. You can see the sun card here. There is so much attention on, like,


[User] Please transcribe this text

[Assistant] Uh, this person has so much attention on you, you have so much attention on, uh, on them. Yeaah. Overall, there is staring, looking into the eyes, uhm, feeling like


[User] Please transcribe this text

[Assistant] You've grabbed their attention, they've grabbed your attention. Overall, deep in your souls.


[User] Please transcribe this text

[Assistant] You know that this is the right one. It just feels so right. It feels so smooth. It feels so beautiful. Uhm.


[User] Please transcribe this text

[Assistant] Okay, so you have the Ace of Cups. This is definitely healing of the body somehow. You have the King of Swords. Maybe something was affecting your heart.


[User] Please transcribe this text

[Assistant] Makes me feel like this person is dropping something. Is the one that's choosing to drop something. And finally, you have the queen of cups.


[User] Please transcribe this text

[Assistant] With the tarantula, I feel like something would, you felt like some form of attack. Also, this is a fire, uh, animal.


[User] Please transcribe this text

[Assistant] Categorized as fire, so maybe some, there was inflammation, strong inflammation, for some of you could have.


[User] Please transcribe this text

[Assistant] Maybe it had something to do with the heart. Some of you, it's the mind.


[User] Please transcribe this text

[Assistant] The mind, also third eye could be for some of you, uh, something specifically to do with the eye in all cases as I say.


[User] Please transcribe this text

[Assistant] To heal it. I feel your future self is saying you've dropped some things. So maybe you've dropped...


[User] Please transcribe this text

[Assistant] With these two actions, you're getting great results with the 10 appendicles. It's more results than you've actually set out for.


[User] Please transcribe this text

[Assistant] It's not just healing something that was painful.


[User] Please transcribe this text

[Assistant] So you started taking steps, you started eliminating some things and it brought you healing.


[User] Please transcribe this text

[Assistant] It gave you more results than.


[User] Please transcribe this text

[Assistant] Just like the first part, now you know what to do. And it seems like this...


[User] Please transcribe this text

[Assistant] Because you've learned how to take care of the situation every time it arises and you start in everything. You start in love. You start in getting what you want and you start in healing.


[User] Please transcribe this text

[Assistant] How to work with it, but know how things work. And that's what you're getting because that's a pattern at this point. Uh, so your future self is so happy about not just healing it, but how to deal with it forever.


[User] Please transcribe this text

[Assistant] Making, making you feel like you've got this in your hands. You got this.


[User] Please transcribe this text

[Assistant] Uh, you won't be suffering from it ever again.


[User] Please transcribe this text

[Assistant] Cheetah runs after the gazelle. The gazelle is very quick, but sometimes the cheetah is able to capture it. And then I looked at the tarantula and thought


[User] Please transcribe this text

[Assistant] My god, I mean, the gazelle really fears the cheetah. Sometimes the gazelle thinks, I wish I was as...


[User] Please transcribe this text

[Assistant] Big and aggressive as the cheetah, it wouldn't come near me. But sometimes solutions don't have to be bigger and stronger. Sometimes the little things can be the very things that stops powerful


[User] Please transcribe this text

[Assistant] Things are tyrannies from happening. I don't know what this means in your life but I feel like your future self is telling you as you're thinking about


[User] Please transcribe this text

[Assistant] In overcoming the huge challenges that keep running after you.


[User] Please transcribe this text

[Assistant] And please do, don't forget to join us on Instagram. I'm having a lot of fun there. I didn't know I could enjoy the...


[User] Please transcribe this text

[Assistant] In case you don't have the join button appearing right away.


[User] Please transcribe this text

[Assistant] Uh, under the video. And my dear pile number two, thank you so much for tuning in, sending you so much love. And I'll catch you in the next reading.


[User] Please transcribe this text

[Assistant] Hi pile number three, welcome to your reading. Your crystal is the beautiful carnelian. Your card is the anemone.


[User] Please transcribe this text

[Assistant] And if you've picked your pile using your zodiac signs, then in that case,


[User] Please transcribe this text

[Assistant] The signs for this pile are Aries, Libra, Aquarius, and Cancer.


[User] Please transcribe this text

[Assistant] Welcome to your reading. Today we're taking a look at your future self's message about three amazing things that happened for you this year. Can't wait to get into your reading.


[User] Please transcribe this text

[Assistant] So let's see the energy of your main card, your significator card. It says anticipation.


[User] Please transcribe this text

[Assistant] It says, I felt like an arrow. A B Shefford. I felt like an arrow.


[User] Please transcribe this text

[Assistant] Noticing that I'm moving backwards, what's going on? Only to find yourself moving exactly where you want to go at.


[User] Please transcribe this text

[Assistant] Fire speed this year says your future self. Okay, so that's really cool.


[User] Please transcribe this text

[Assistant] It truly, it truly took a toll on you what happened previously. I'm so sorry, my dear Pound Number 3. It's like...


[User] Please transcribe this text

[Assistant] You were burnt. You felt burnt. Maybe this is burnt out or, or burnt by the situation. It was tough here.


[User] Please transcribe this text

[Assistant] Hunter. Ooh, I think you might want to check out pile number two. They were hunters too. So yeah, if you're drawn to it, I highly recommend it. The hunter. Let's check out your tarot deck and see the entire message.


[User] Please transcribe this text

[Assistant] Wow, you've got the 10 of cups. One of the most favorable cards in the deck. You have 10 prints. Lovely.


[User] Please transcribe this text

[Assistant] You have the Seven of Wands. Lovely.


[User] Please transcribe this text

[Assistant] Your future self is talking about how you were working hard towards something, but there was chaos. Uhm.


[User] Please transcribe this text

[Assistant] And this puts you in a little bit of a dark place or maybe you felt a bit depressed or maybe you lost a bit of hope sometimes. Maybe you felt like you couldn't take it anymore.


[User] Please transcribe this text

[Assistant] With this pile, there were so many unexpected setbacks and unexpected challenges.


[User] Please transcribe this text

[Assistant] Temperance card about how your patience and your perseverance has paid off this year.


[User] Please transcribe this text

[Assistant] More than what you are expecting because the tens and tarot are


[User] Please transcribe this text

[Assistant] With the world card, the completion of this journey has finally happened in terms of getting to where you want to go. Uhm, yeaah, the world card is like,


[User] Please transcribe this text

[Assistant] The celebrations are happening this year. Things are finally coming into order after a long chaos of you.


[User] Please transcribe this text

[Assistant] Why it's not going in your direction every time you fix something another sort of chaos happens and you're like, you were really tired. Uhm.


[User] Please transcribe this text

[Assistant] That just like an arrow, that the setbacks only help to put


[User] Please transcribe this text

[Assistant] Every single challenge or setback that you faced tweaked your path a little bit and helped you to


[User] Please transcribe this text

[Assistant] And this is the first thing that I see, amazing thing that your future self wants to let you know about with regards to what happened for you this year. Okay, so let's now pull out.


[User] Please transcribe this text

[Assistant] And pull out the second part of your reading, the second message.


[User] Please transcribe this text

[Assistant] Feels like the holy grail here. The womb, the healing.


[User] Please transcribe this text

[Assistant] Ah, and the three of cups. Look at these three people working together and then the three people celebrating together.


[User] Please transcribe this text

[Assistant] So this makes me feel like you're gonna be working with someone and achieving results. Okay, so I feel like


[User] Please transcribe this text

[Assistant] You didn't know what to do and so I see you this year working with others or working with someone. So this could be a very good therapist or a very good medical doctor or


[User] Please transcribe this text

[Assistant] Willing to collaborate and cooperate with the situation.


[User] Please transcribe this text

[Assistant] To you, that's the toxic part in the situation. I realize that I'm wrong here.


[User] Please transcribe this text

[Assistant] With your children, you know? You doing that is, uh, ruining your lives.


[User] Please transcribe this text

[Assistant] It could be anything. Or it could be your therapist going, you know what? You've been trying to fix everything, but have you looked into that? And it's an eye-opener. Look at that.


[User] Please transcribe this text

[Assistant] That is the real area that you want to look at to solve.


[User] Please transcribe this text

[Assistant] The things that you have gone through in the past within this situation, whether you're suffering internally or with your child or with your parents or with your manager or colleagues.


[User] Please transcribe this text

[Assistant] And there is working with other people for sure. It's not just one hand, it's two. Two, uh, parties.


[User] Please transcribe this text

[Assistant] And that will be the healing for you this year, my dear pilot number two. You're celebrating together, overcoming this toxicity. Whether it's you and your therapist, both of you are seeing results this year.


[User] Please transcribe this text

[Assistant] You're finally healing something, you know what it is, you know how to deal with it, you work on it, and you and your therapist this year go, we got it.


[User] Please transcribe this text

[Assistant] We, we healed it. Or you and your parents, you and your children, you and your colleagues and so on.


[User] Please transcribe this text

[Assistant] But work together in fixing it and celebrating your great collaboration, great work.


[User] Please transcribe this text

[Assistant] Your heart, all of the members, how they put heart into making this work. And yeaah, I see that healing is there, and all of you are so happy to finally have fixed this and take the toxicity out. It seems to me that, that


[User] Please transcribe this text

[Assistant] It's talking about how none of the members here are bad at all.


[User] Please transcribe this text

[Assistant] It's just a toxic behavior that needs to be pointed out and healed. Uhm.


[User] Please transcribe this text

[Assistant] And there is qualification as well. Someone is qualified enough to look


[User] Please transcribe this text

[Assistant] Okay, so this is the second thing that I see your future self's message is about. Let's take a look at the third one. So, you have, ah, dolphin.


[User] Please transcribe this text

[Assistant] And a lot of power perhaps stemming from self-confidence or pushing yourself to do something. Whoa! Look at that!


[User] Please transcribe this text

[Assistant] The mystic. Oof. Do I love your cards? Okay. Let's now take a look at your tarot cards. What is this about? Ooh.


[User] Please transcribe this text

[Assistant] The five of wands and protection, okay?


[User] Please transcribe this text

[Assistant] You are struggling, the five of ones. You are struggling. Are you, were you struggling? Let me see.


[User] Please transcribe this text

[Assistant] You were struggling to achieve something and this year you're gaining a lot of money that's gonna help you achieve this and take yourself out of the struggle.


[User] Please transcribe this text

[Assistant] You were able to find an intelligent opportunity and the initial intention was to protect yourself from the struggle, but it will result in you


[User] Please transcribe this text

[Assistant] Getting so much money for yourself. For some of you, it's almost like


[User] Please transcribe this text

[Assistant] That's gonna be some bad news for others. They should look into, you know, being inspired from you. But, most importantly is that


[User] Please transcribe this text

[Assistant] See if you didn't have this struggle, it's just like the first part here. If you didn't have this struggle,


[User] Please transcribe this text

[Assistant] Uhm, who are underestimating perhaps your capabilities and maybe that's putting you, uh, with poker.


[User] Please transcribe this text

[Assistant] But your intelligence is very highlighted here, very much highlighted here.


[User] Please transcribe this text

[Assistant] But you will find out in that, in this year that


[User] Please transcribe this text

[Assistant] Subscribe to the channel so that you never miss a reading that I upload. And please do join us on the Instagram.


[User] Please transcribe this text

[Assistant] I've been enjoying it lately, the last 10 days. I've been, I think 10 days, maybe one week.


[User] Please transcribe this text

[Assistant] And uh, also please do consider joining the memberships. It is a great way to support me if you can and wish to do so. You'll find the button right under this video.


[User] Please transcribe this text

[Assistant] And thank you for everyone who decided to support me. It does make a big difference. Thank you. Wishing you the best this year. My dear pile number three, and I'll catch you in the next treating.


[User] Please transcribe this text

[Assistant] Now I want to talk about exchanges, notably stock exchange, and brokers, dealers, and clearing houses. So, let's just go to some really basics. A broker. I have this, I've written down B-O-A-C.


[User] Please transcribe this text

[Assistant] The definition of a broker is someone who acts on behalf of others, that's the O, as an agent, uh, for which they earn a commission. So a stock broker


[User] Please transcribe this text

[Assistant] He does, he or she does, is brings people together so that they are, uh, uh, if someone who wants to buy a stock, he finds someone who wants to sell that, puts the two together, charges a commission for finding the other side. That's a broker.


[User] Please transcribe this text

[Assistant] A dealer is different. A dealer, uh, uh, always acts for himself, uh, the H is a problem, or herself. They both start with the H. A dealer act, always acts for herself. In other words, as a principle in interaction.


[User] Please transcribe this text

[Assistant] So that's a fundamental difference. So if, if you're buying from a dealer, the dealer owns some of the shares that you're buying and the dealer sells it to you at a price. There's no commission, but the price is higher because you're buying.


[User] Please transcribe this text

[Assistant] If you want to sell to the dealer, the dealer will buy from you, uh, and they'll buy from you at a lower price. The difference between the two prices is called the bid-ask-spread.


[User] Please transcribe this text

[Assistant] A broker hyphen dealer is a, uh, it could be an individual or a company. It's typically a company that involves both, potentially involves both brokers and dealers.


[User] Please transcribe this text

[Assistant] So a dealer posts prices, bid and asked, uh, and stands ready to buy. They're, they may be required by the exchange to, uh,


[User] Please transcribe this text

[Assistant] Uh, execute a small number, at least a small amount at the posted price. But if you want to buy a million shares, the dealer is not expected to stay with the posted bid and ask.


[User] Please transcribe this text

[Assistant] They're analogous to an antique dealer. If you go to an antique store, the dealer has bought the antiques and it is, uh, there won't be any sales commission, uh, they'll just sell you the, the, uh,


[User] Please transcribe this text

[Assistant] They have more costs of, of dealing. Antiques are unique items, uh, hard to sell. They have to put them on a showroom floor. They have to answer questions. So they have to make more money per transaction percentage-wise. So they typically have very wide bid-ask spreads. But in a dealer market,


[User] Please transcribe this text

[Assistant] Where the, where the dealers are competing with each other and they're all posting their bids and asks.


[User] Please transcribe this text

[Assistant] An inter-dealer broker is a broker that facilitates exchange between dealers. That happens.


[User] Please transcribe this text

[Assistant] So a broker dealer is usually a firm doing business. Uh, uh, a person can never be both a broker and a dealer on the same transaction. You have to choose one or the other. You can't both make a commission and a markup on the same trade.


[User] Please transcribe this text

[Assistant] Now here's an interesting question. When you buy or sell a house, you will probably deal with a


[User] Please transcribe this text

[Assistant] Real estate broker, also called real estate agent and also, uh,


[User] Please transcribe this text

[Assistant] Well, there's a trademark, Realtor. The Realtor is a trademark of the National Association of Realtors in the United States. But these are all brokers. What about dealers? You know, if stocks are traded both by brokers and dealers, why not, uh, real estate?


[User] Please transcribe this text

[Assistant] Uh, uh, so, you know, when you sell your house, uh, I shouldn't say that there are no dealers, but you don't hear about them very much. When you sell your house, do you find that a dealer comes to you and buys it and hopes then to market it and sell it?


[User] Please transcribe this text

[Assistant] I've been asking people why we have so few dealers. One answer has something to do with taxes.


[User] Please transcribe this text

[Assistant] Uh, that, uh, dealers would have to pay ordinary income on capital gains.


[User] Please transcribe this text

[Assistant] So it just doesn't work out as well. But we do have a Immobilienmachler in Germany. So it's, as far as I know, the dealer market is alive and well in Germany. And I still haven't completely figured out. But it's still a minority, I think, of sales that go through Immobilienmachler.


[User] Please transcribe this text

[Assistant] So, uh, what is good and bad broker, uh, behavior? Uh, eh, one problem, here's some example of bad behavior. Churning.


[User] Please transcribe this text

[Assistant] Alright, now a broker charges a commission, remember, so every time they make a sale, you, uh, uh,


[User] Please transcribe this text

[Assistant] So brokers, uh, with the advent of the telephone have developed a habit of calling people up regularly and saying, I have this hot new investment prospect.


[User] Please transcribe this text

[Assistant] And, uh, encourage you to sell what you just bought last week. Maybe not that quickly.


[User] Please transcribe this text

[Assistant] Uh, and buy something else. And then you get another phone call in another week. And the broker is such a friendly guy. He's on the, you can call him up any, call me anytime. Uh, he has all, he's bubbling with ideas. But every idea involves a trade.


[User] Please transcribe this text

[Assistant] So he doesn't care about you, he's only trying to make commissions for himself or herself.


[User] Please transcribe this text

[Assistant] Uh, so they decided, the SEC decided that this is a crime. Uh, that uhm,


[User] Please transcribe this text

[Assistant] Uh, you could get barred from securities trading for the rest of your life, as happened to Robert Magnum in 1999.


[User] Please transcribe this text

[Assistant] He had clients with an annual turnover rate of 11. That means they were trading about once a month. Uh, their whole portfolio


[User] Please transcribe this text

[Assistant] Uh, and they pointed out that the transactions costs were so heavy that they would have to earn 50% on their investments in order to pay the transactions costs.


[User] Please transcribe this text

[Assistant] So you know, anyone who has any serious knowledge of finance knows that you can't be trading all the time. Especially with a broker that's charging a high. He wasn't a discount broker, so he wasn't charging low, uh, commissions. So you don't want, so churning is bad.


[User] Please transcribe this text

[Assistant] It's one of those tricks that anyone in the industry knows it when they see it. That's why it's enough, uh,


[User] Please transcribe this text

[Assistant] Hello English learners, welcome back to EnglishPod. My name is Marco. And my name is Erica. Today we're bringing you another one of our sports lessons and this time we're gonna go to a boxing match.


[User] Please transcribe this text

[Assistant] Exactly. So, let's listen to our dialogue for the first time. It might sound familiar, we have the legendary Rocky Balboa at EnglishPod fighting for the Heavyweight Championship, so let's see what happens.


[User] Please transcribe this text

[Assistant] Alright, so let's take a look at some of the language we saw in this dialogue in Language Takeaway.


[User] Please transcribe this text

[Assistant] A gruesome match. Gruesome. Alright, so if something is gruesome,


[User] Please transcribe this text

[Assistant] Okay, bloody, terrible, very hard, or like a gruesome fight would be a very bloody fight.


[User] Please transcribe this text

[Assistant] Okay, so the ring is the physical space where they fight.


[User] Please transcribe this text

[Assistant] Right, but there's also a verb, to knock out.


[User] Please transcribe this text

[Assistant] It means I hit him so hard that he fell to the floor and maybe he was unconscious for a while. So he fell asleep basically. Almost. Yeaah. So it's very similar, the noun form to the verb form. Like basically if you knock someone out, you get a knockout.


[User] Please transcribe this text

[Assistant] Alright, now for our next word we saw as Apollo quickly began to jab Rocky Balboa.


[User] Please transcribe this text

[Assistant] Alright, so if you dodge, you're trying to avoid getting hit.


[User] Please transcribe this text

[Assistant] Exactly. Now we can also use it in different ways. Not only do you dodge when somebody is trying to punch you, you can also, for example, dodge a bullet.


[User] Please transcribe this text

[Assistant] Right, so we have many examples of dodge used in other contexts, so why don't we listen to some examples?


[User] Please transcribe this text

[Assistant] To get pounded. To get pounded. Now if someone is getting pounded. They're getting hit really hard. And a lot. So to get pounded. Get pounded. And now we have one more word and it's also another boxing term called a haymaker.


[User] Please transcribe this text

[Assistant] Basically it's a very strong, very wild punch.


[User] Please transcribe this text

[Assistant] Right, so you don't have much balance, so you just throw your entire body and your fist at someone to hit them as hard as you can. That's a haymaker.


[User] Please transcribe this text

[Assistant] Alright, so on Fluency Builder today, we're gonna take a look at some of these phrases and we have four of them for you today, so let's get started with the first one.


[User] Please transcribe this text

[Assistant] So again, this is another way of saying about to begin. Right.


[User] Please transcribe this text

[Assistant] Alright, so we're about to get underway with this new project.


[User] Please transcribe this text

[Assistant] Very good. So the match was about to get underway and the sports announcer said that Rocky Balboa is going to square off against his lifetime rival.


[User] Please transcribe this text

[Assistant] Right, so we're about to have a one-to-one competition.


[User] Please transcribe this text

[Assistant] Alright, so great examples and I think we can use it now not only in boxing but in other situations.


[User] Please transcribe this text

[Assistant] You basically successfully hit your opponent with a punch or hit.


[User] Please transcribe this text

[Assistant] Now again, we'll take this one apart. So a left, what are we talking about? Basically a left punch, but we can omit punch.


[User] Please transcribe this text

[Assistant] So basically you punch somebody with your left.


[User] Please transcribe this text

[Assistant] So Bob started to throw some punches at the other guy.


[User] Please transcribe this text

[Assistant] Alright, so to throw a left, to throw a punch.


[User] Please transcribe this text

[Assistant] Okay, so now that we've seen all these phrases, why don't we listen to the dialogue for the very last time and we'll come back in a little bit.


[User] Please transcribe this text

[Assistant] Well, boxing is a very popular sport in North America. I'm not really that big of a fan, but I have seen a couple of matches and it's very interesting because as we saw in our dialogue, most big fights take place in Las Vegas at some big hotel.


[User] Please transcribe this text

[Assistant] Right, so in the United States there's something very popular called pay-per-view and I'm sure in your countries you have something similar. Basically pay-per-view you can buy.


[User] Please transcribe this text

[Assistant] The fight so you can have access to it and watch it on your TV. But you only pay one time to watch like maybe two hours, right? Right. So let's say you're at your house at six o'clock and the fight begins at eight. So you can call your TV cable company or maybe use on the internet with a credit card and


[User] Please transcribe this text

[Assistant] They activate it on your TV so you can watch the fight and when it's over, well, you've finished watching it.


[User] Please transcribe this text

[Assistant] Yeah, pay-per-view can be very expensive depending on what event it is because sometimes it's boxing matches, concerts, or special events. So it can maybe cost, I don't know, 60, 80, maybe 100 dollars. So it's very popular for one house to buy the pay-per-view.


[User] Please transcribe this text

[Assistant] And then many friends come over and everyone chips in with five or ten dollars and everyone watches it on one TV.


[User] Please transcribe this text

[Assistant] Alright, so we'll see you guys at our website and also if you have any questions or comments, be sure to leave them there as well.


[User] Please transcribe this text

[Assistant] We thought we understood how human beings operated, that we're these good rational human beings who decide rationally what we want and we're good autonomous selves and we really thought that the basic problems had been solved.


[User] Please transcribe this text

[Assistant] That nice little world that my generation had painted for itself, that nice little world of believing that all of human history up until now had lived in some kind of traditional world view where they didn't understand how things operated, and we now finally, after


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[Assistant] Some time, not probably too far in the distant future. It collapsed in a series of massive ecological crises. It perhaps, if there are psychological historians, they will note it collapsed to, well, psychologically, that humans began to realize in this society that they were not actually leaving, leaving


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[Assistant] And they will close that chapter saying that age of complacency, which could have been an extraordinary period in world history, on the contrary fell to pieces. And then the next chapter will begin.


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[Assistant] No one is going to pre-give this world to you as something that is somehow the proper way of doing anything.


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[Assistant] Take for granted that our nice little traditional modernity narratives are almost assuredly absurdly wrong.


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[Assistant] Leading to radically different ways of thinking about the self, of thinking about economic and political orders, of thinking about absolutely everything.


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[Assistant] We begin to actually face up to crises outside of our stupid little narratives that our generation have been telling you. If you do that now, that next chapter will be written.


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[Assistant] Honestly, at this stage, we've left you crises that our worldview isn't going to save you from. If you're like us, there won't be historians a hundred years from now. They may not exist. Or a human species, or a world. In short, what I'd like to leave you with is the following. We have left you a horrible world.


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[Assistant] Break out of that worldview. Break out of that sense of absurd complacency. Do it now. Write that next chapter.


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[Assistant] Ensure that there will be historians 100 years from now who will actually be able to write the chapter saying what disastrous things our generation did to the world.


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[Assistant] And can actually write that new chapter saying and look at the incredibly innovative things that next generation did with a level of imagination that my generation could not even begin to achieve.


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[Assistant] What's going on, hon? Why is the baby crying?


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[Assistant] Okay, say bye to Nana. Time to go beddy bye.


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[Assistant] The Microsoft founder is a rich and powerful person and he's funded research into vaccines. That's why he's become a target. Some of the claims are bonkers.


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[Assistant] That he wants to use the virus as a pretext to microchip everyone in the world.


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[Assistant] Others say a vaccine would actually kill people rather than save their lives.


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[Assistant] These ideas are without any evidence. We should treat them with the disdain they deserve.


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[Assistant] How do you talk to someone who's at risk of being sucked into the rabbit hole? First establish a basis of understanding.


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[Assistant] Approach them on their own terms and avoid sweeping dismissals or saying you're wrong. Try not to judge.


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[Assistant] And tried to get to the bottom of the often legitimate concern at the heart of the conspiracy.


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[Assistant] Present them with facts and research. Try to do this neutrally. You can't force anyone to change their mind, but you can make sure they have valid information.


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[Assistant] Good morning. Welcome to Tatiyama Castle. The final celebration of Japanese cuisine.


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[Assistant] Gary and the contestants get schooled in Nagiri from a sushi sensei.


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[Assistant] Would you agree that the primary way we would evaluate either the success or failure of the date would be based on the biochemical reaction during the good night kiss?


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[Assistant] So what have we learned so far? In the first four days, we learned three new languages, an entire front-end library, how to use an API, servers. So this is quite a piece of cake, you would think.


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[Assistant] But actually, it's not. It's okay to be confused if you had to swallow all of these things in just four days.


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[Assistant] So you think that maybe, oh, I don't think I know anything, but actually you learned quite a lot.


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[Assistant] So I'm going to read the sentence and then I'm going to count through to one and then you guys can fill in the blanks. So websites use the three, two, one.


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[Assistant] Nice programming language to handle the internal logic of the site and to update variables.


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[Assistant] So we divide our app into React 3, 2, 1.


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[Assistant] And can store internal updateable private info as


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[Assistant] So here's a recap of our languages we learned. So if you recall,


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[Assistant] Our app is kind of like a body and we have HTML, which is kind of like the skeleton. And then CSS allows us to have our skin and decorate it. And then JavaScript is like the organs and allows for interactions.


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[Assistant] And then we learned about React. So, React allows us to structure and reuse our web development code. So here we see we have our app, and then we have the child components of the feed, profile, and navbar. And then within our feed, they have two child components of a card and a new post.


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[Assistant] And React also allows us to reuse our components. So within our feed we can have many card components, um, each containing a story that can make up our feed.


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[Assistant] Here's an example of a component. And remember, a component we can define as a function, and it takes inputs as props.


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[Assistant] We can also export a component so that other components can see it.


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[Assistant] And we initialize it by using youthState and we give it the value, initial value of 1.


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[Assistant] And also we have a setter for set state.


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[Assistant] So why do we need a, why do we use set state instead of just assigning? Does anyone recall?


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[Assistant] Okay, so uhm, one reason is that if we use setState, it'll allow React to re-render the component. So if we change the value of state 1, uhm, React will automatically re-render it on your frontend.


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[Assistant] And then an additional reason why we use setState is so that even if we exit the function, the state will persist. So if we set the value to like 100 or we change the value, it will still be that value even if we leave this function or this file.


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[Assistant] So basically states persist, so even if the component re-renders, the state will still be there.


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[Assistant] So whatever is in our use effect will run after the first render and we can also make our API calls here because often times we want uhm, we often want data from our server to be fetched every time our component is initially rendered on the front end so we can use use effect to trigger our API calls.


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[Assistant] So we also have a second argument in use-effect, and it's an optional dependency array.


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[Assistant] We have passed an empty array here and what that means basically is we only want it to run on the first render.


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[Assistant] So does anyone know what happens if we don't pass in this dependency array?


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[Assistant] So basically what that tells useEffect is to run every time, run the code inside useEffect every time the component is rendered.


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[Assistant] So what if we pass in array of props.data from parent? Does anyone have a guess?


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[Assistant] If we pass in the array props from data from parent, essentially the function will run on the first render and also the function will run whenever props stop data from parent changes as well. So this is basically what uhm,


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[Assistant] The second argument does is like it tells use effect when you should run your code and like what it is dependent on.


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[Assistant] And then the last thing we do is we return JSX, which is basically HTML like code for our component, and we can mix both HTML and JavaScript.


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[Assistant] So now we're going to recap what is a server. Uhm, so remember we can have a


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[Assistant] So why do we use a server? So one reason is file access. So say we have Facebook running on our server and then we have all these different clients. All the clients don't need all the files. They don't need to know every single post ever made on Facebook.


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[Assistant] So instead what we can have is the server hold everything and instead the client can just make a request for the information that they need so that they don't have to store all of Facebook on their own, uhm, computer.


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[Assistant] And then another reason is centralization. So say you're playing a game and all the clients, if they were running their own and they...


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[Assistant] They're playing the game and then they see that someone died, and they're both arguing about who died first.


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[Assistant] So each other, they're saying, oh, you died first. But the other person's saying, no, you died first. So now the clients have conflicting views of who died first. Now we can have our server be our centralized source of truth. And so whatever the client says, uhm, will be what we believe to be the source of truth.


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[Assistant] And then the last reason is for security, so we can use our server to restrict data based on who is requesting.


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[Assistant] So now we're going to recap what HTTP is. So it's just a way to communicate on the internet.


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[Assistant] And then we can make get requests which we can ask for information.


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[Assistant] And I believe Abby and Tony went over, uhm, we can use rec.query to access frontend information in the backend for get requests.


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[Assistant] And then we also have post requests, so we can now have, uh, add new information.


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[Assistant] And then we have a response so we can send back information from our backend to our frontend.


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[Assistant] So here on the bottom we can see we have a get request, so they can


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[Assistant] Uh, request to that endpoint slash store slash order slash order ID and they can try to find the purchase order and then we have a post request slash store slash order so we can place an order for a pet.


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[Assistant] But uhm, we often don't use it and mainly, uh, we use get and post.


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[Assistant] So to recap APIs, an API is just a set of rules and they describe how we can access the data from a server.


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[Assistant] And basically, uhm, API endpoints are just various, various functions we can call. So just like how you can interact with normal functions, you can just write and return data with these API endpoints. So we have our front end and our back end and our front end.


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[Assistant] Can make a request to the backend saying, give me all the stories.


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[Assistant] And then the backend can get their stories and send it back in their response.


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[Assistant] Promises and asynchronous programming, but remember JavaScript is an asynchronous language and when we make get requests or requests to the backend, oftentimes it's going across the internet and so it can take some time.


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[Assistant] We have a pet name called Undecided, and then we're also getting, uhm,


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[Assistant] Doing a get request and we're going to name pet name.


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[Assistant] To be whatever is from uhm, whatever is returned from our get request.


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[Assistant] But remember our get request is asynchronous, so uhm, using this information.


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[Assistant] Show of hands if you think the console log will print, uhm, A. So one is A.


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[Assistant] And then, or tin the beaver too, or three, it'll be unable to be determined.


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[Assistant] Yeah, I see some threes, so nice. We're unable to be, unable to determine what will be printed out because we don't know if the get request will finish before the console log is printed.


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[Assistant] Or if it'll be finished after, because it's asynchronous.


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[Assistant] So if our get request returns resolves faster, then basically, if it resolves fast enough,


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[Assistant] Before the console log statement, then we would print, tin the beaver, otherwise we would print undecided.


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[Assistant] Okay, so now we're going to introduce databases. So I think Jay will start.


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[Assistant] We'll go to our database and then he will retrieve the stories from the database and then he will go and bring it back to the server.


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[Assistant] It's essentially our server has our story and he gives it to our Club Penguin and then our Club Penguin.


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[Assistant] So we can import our DBMS and then basically our DBMS will have a function that we can call and we can tell them, give me all of our stories.


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[Assistant] We can also ask them to give me the stories with specific properties or what we call can give it with a query.


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[Assistant] And so we can see, say, give me the story with the ID of four.


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[Assistant] We can also write to our DBMS by telling them, put this story in our database and we can give them our story object. And we can also ask them to delete and update different stories. So this is not actual real code.


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[Assistant] But this is essentially how you would write and interact with DBMS in, uhm, code.


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[Assistant] So essentially, uh, we can use our DBMS and call the functions and interact with our database do dot.


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[Assistant] So now Jay's gonna go over the different kinds of databases we can use.


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[Assistant] Get requests so when the front end, uh, which is responsible for displaying our front end code. And our back end interact.


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[Assistant] And now we have our third player, which is the database. So our front end requests stories from our backend, and now our backend will go and interact with our DBMS to get the stories from the database.


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[Assistant] And now the database will send it back to the backend, which will send it back to the frontend. So now this is what we can fully expect when we make a get request. Now that we have our database.


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[Assistant] So for our POST request, again we have our frontend and our backend and our database.


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[Assistant] Now the frontend can send a story to our backend, and our backend will just add it to our database via the DBMS.


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[Assistant] Is there any questions on uhm, this, now that we have incorporated having a thatabase? Okay.


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[Assistant] So in summary, now instead of storing our data on our server like we did yesterday, we can use a database to store it and we're going to be using MongoDB in the cloud using Atlas. So now we're going to transition into our workshop, but we're going to have like a two minute stretch


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[Assistant] What we have found after some of those names are old Victorian names.


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[Assistant] My name is Catherine, so Marco, what are we talking about today?


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[Assistant] Well before we get going, we do have a really important phrase that we should preview in today's vocabulary preview.


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[Assistant] So smokes is a word for cigarettes. It's the same thing. Smokes or cigarettes.


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[Assistant] It's a box of cigarettes. You buy them in a pack. You don't just buy one at a time. So again, the phrase is pack of smokes.


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[Assistant] Well, some people really are health conscious and are afraid of the negative side of smoking, which has a lot of health side effects.


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[Assistant] Well this first word is a word that's very important for any smoker who goes to a bar or restaurant and needs to put the ash somewhere, right? So when you smoke there's some ash, there's some messy, dirty stuff. And you need an ash tray to collect it.


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[Assistant] So an ashtray is something that's usually round or square and you put it on a table and it's just very helpful to keep the house clean or restaurant clean. So if you're in a restaurant you say, hey, can I have an ashtray please?


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[Assistant] Right, and this is a tray, but the complaint here is, ugh, it smells like an ash tray in here. That means it smells really, really bad in here.


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[Assistant] Okay, so let's take an example. I smoke ten cigarettes a day, but I want to cut down. How many should I smoke later? Maybe...


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[Assistant] Alright, so you can also cut down on carbs, like carbohydrates. So some people who cut down on carbs eat less bread, they don't eat any pasta. So these are really good ways of trying to talk about dieting as well as smoking.


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[Assistant] And when you want to smoke a cigarette, you have to do something first with some fires. We call this lighting up.


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[Assistant] So lighting up, it doesn't mean turning on the light. It actually means using a lighter or some fire to start your cigarette.


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[Assistant] The man says, the husband says, it's not like you can just light up like before. That means it's not like you can just smoke like before. So in some cases, light up means to smoke a cigarette. We're in a movie theater and someone lights a cigarette and I say, oh, you can't light up in here.


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[Assistant] You're saying that you can make a decision and you can follow your decision, so.


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[Assistant] I decide not to eat cake. I have very strong willpower, so I never eat cake.


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[Assistant] Ooh, urge is another good one. It's very similar to willpower, but an urge is kind of like a physical feeling that makes you want to do something.


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[Assistant] So I have the urge to go swimming today. I don't know why, but I really want to.


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[Assistant] And we are back, so we have a great part of our show where we like to talk about some phrases that help you attain fluency. That means sounding like a native speaker of English. And today's phrases are wonderful.


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[Assistant] Now this is a very strange phrase, okay. So, first of all, why would a turkey be cold? They have lots of feathers. And second of all, why would, what does it have to do with cigarettes?


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[Assistant] So just take this as a phrase. Don't think about the actual words because they won't make sense in this context. What we're talking about is quitting smoking entirely. You're not going to cut down.


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[Assistant] Today I'm not gonna smoke at all and I'm never gonna smoke again. That means never ever will I smoke another cigarette. So it's cold turkey.


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[Assistant] So you can use this phrase for different habits, different things that you do, like drinking for example, or cutting down on sugar, but generally we just say this about cigarettes.


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[Assistant] Some people like to smoke less, like one cigarette a day or one cigarette a week, but going cold turkey is supposed to be the hardest.


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[Assistant] Well, this is actually a very interesting point because in America right now it's very hard to smoke in public places, so this means that the government


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[Assistant] Yeah, exactly. So this is an important one because you read this in the newspapers as well about certain laws and police action.


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[Assistant] Right, well I was, I'm trying to cut down, so as a habitual smoker I often smoked every day, sometimes I smoked a lot, sometimes I smoked less, but right now I'm in a period where I'm mostly quit.


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[Assistant] Yeaah, well I haven't smoked in a while and when I do it's just one cigarette.


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[Assistant] Yeaah, we also have lots of great stuff, tools for you on our website and expansion sentences and all that stuff that helps you continue your studies outside of, well, the car or your house. Uhm, so check it out, let us know what you think and until next time.


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[Assistant] Charles Osborne began to hiccup in 1922 after a hog fell on top of him. He wasn't cured until 68 years later, and is now listed by Guinness as the world record holder for hiccup longevity.


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[Assistant] Doctors point out that a round of hiccups often follows from stimuli that stretch the stomach, like swallowing air or too rapid eating or drinking.


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[Assistant] This is followed almost immediately by the sudden closure of the vocal cords and the opening between them, which is called the glottis.


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[Assistant] To date, there is no known function for hiccups. They don't seem to provide any medical or physiological advantage.


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[Assistant] Why begin to inhale air, only to suddenly stop it from actually entering the lungs?


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[Assistant] Anatomical structures or physiological mechanisms with no apparent purpose present challenges to evolutionary biologists.


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[Assistant] Do such structures serve some hidden function that hasn't yet been discovered?


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[Assistant] Or are they relics of our evolutionary past, having once served some important purpose only to persist into the present as vestigial remnants?


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[Assistant] One idea is that hiccups began many millions of years before the appearance of humans. The lung is thought to have evolved as a structure to allow early fish, many of which lived in warm, stagnant water with little oxygen, to take advantage of the abundant oxygen in the air overhead.


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[Assistant] That's similar to the much more rapid changes faced by frogs today as they transition from tadpoles with gills to adults with lungs.


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[Assistant] This hypothesis suggests that the hiccup is a relic of the ancient transition from water to land.


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[Assistant] An inhalation that could move water over gills, followed by a rapid closure of the glottis, preventing water from entering the lungs.


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[Assistant] Another group of scientists believe that the reflex is retained in us today because it actually provides an important advantage. They point out that true hiccups are found only in mammals and that they're not retained in birds, lizards, turtles, or any other exclusively air-breathing animals.


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[Assistant] Further, hiccups appear in human babies long before birth, and are far more common in infants than adults.


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[Assistant] Their explanation for this involves the uniquely mammalian activity of nursing. The ancient hiccup reflex may have been adapted by mammals to help remove air from the stomach as a sort of glorified burp.


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[Assistant] Sometimes, a bout of hiccups will go on and on.


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[Assistant] And we try home remedies, sipping continuously from a glass of cold water, holding one's breath, a mouthful of honey or peanut butter, breathing into a paper bag, or being suddenly frightened.


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[Assistant] However, we do know one thing that definitely doesn't work.


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[Assistant] Welcome back, after a long theory section, which I hope was really helpful.


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[Assistant] Now in this one, we will basically continue learning about basic JavaScript features and syntax, but this time with a focus on more modern JavaScript.


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[Assistant] So we're gonna dive deeper into built-in data structures like objects, maps and arrays. We will talk about modern ES6 plus operators such as the structuring and optional chaining. And we will also take a look at how to work with strings.


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[Assistant] And all this together will then give you a very solid and important foundation for the upcoming sections and projects.


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[Assistant] We're going to stop off at the Temple of Ancient Virtue. So have a quick look.


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[Assistant] I don't think it's possible to grow up in a place like Stowe and not be affected by the place itself. There is a message that infuses the garden. That ideas matter.


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[Assistant] People of the past have something to say to people in the present. Not many places that are as evocative as that.


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[Assistant] Very creative, I think. Creativity is in my bones. Look at this wonderful script that I wrote and we're presenting right


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[Assistant] The World Economic Forum forecasts that by 2020, creativity will be in the top three most important skills for future jobs. This is particularly relevant for younger people who will be entering the world of work soon and that's what we'll be discussing today. But before we do, Neil, have you created a question


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[Assistant] Of course, but there's not such a focus on being creative in education now and that might have an effect in the future. It's something Bernadette Duffy, an early years consultant, has been discussing on BBC Radio 4's Bringing Up Britain programme. What does she say we have been focusing too much on in schools?


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[Assistant] Well here at the BBC, we have to be creative. In fact, one of our values states that creativity is the lifeblood of our organisation. Lifeblood here means the most important thing to make something a success.


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[Assistant] Well Neil, I'm no expert but Innovation Manager Nick Skillicorn is. He's also been speaking to the BBC and explaining what we can do to help ourselves. What does he suggest?


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[Assistant] Disparate ideas are very different ideas, all unrelated, and we need what we might call headspace. That's when your mind is in a good state and you can think clearly. For me, I have headspace when I'm lying in the bath or out riding my bike. There are no interruptions.


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[Assistant] Wow, that's a very creative way to destroy a picture. I'll do the same with this script soon, but not before we have recapped some of today's vocabulary. Starting with a creative – that's a person whose job is to use a lot of imagination and come up with new ideas, such as someone who works in the media or at


[User] Please transcribe this text

[Assistant] We also heard the word disparate meaning very different and unrelated and we talked about headspace which is when your mind is in a good state and you can think clearly.


[User] Please transcribe this text

[Assistant] A lanky, long-nosed, 23-year-old Harvard engineering school dropout named Milton Bradley invented a board game. It's played on a red and ivory checkerboard of 64 squares. He called it the checker game of life.


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[Assistant] In The Journey of Life, Bradley explains there are good patches and bad, and roughly equal number. On the one hand, honesty, bravery, success. On the other, poverty, idleness, disgrace.


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[Assistant] No one has ever answered these questions and no one ever will. But everyone cries. Crying is the human condition. And history is the chronicle of the asking. The history of games of life then


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[Assistant] I played this game as a child. This is the edition I played. A lot of you probably played this game.


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[Assistant] Brought out in the 1990s when it revised the game of life to make it more marketable to the baby boomer parents who had grown up with it. Notable here...


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[Assistant] The team of designers who were charged with updating it in the 1990s to make it somehow have a social conscience gave up.


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[Assistant] ...were imported and found their way into middle class Victorian parlors.


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[Assistant] India then is where Milton Bradley got his game board. But the idea for his game of life came from somewhere else.


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[Assistant] The next game of life, the Mansion of Bliss, was printed beginning in 1800. It looks a lot like the game of human life. It's pretty much a copycat game. A pilgrimage from birth to salvation. Then came the Mansion of Happiness, where there are social networks, I'm sure, somewhere to be discovered.


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[Assistant] Because you are bad. It is a bad, it's a fire and brimstone game.


[User] Please transcribe this text

[Assistant] Only after rolling an exact score from a square called the Day of Reckoning.


[User] Please transcribe this text

[Assistant] So even if you get all the way to the Day of Reckoning, you can never get to the Mansion of Happiness because you will never roll the three. I've no, no one's ever won this game. I've played it a lot.


[User] Please transcribe this text

[Assistant] With those evangelical Christian ideas embodied in it.


[User] Please transcribe this text

[Assistant] By 1960, the Mansion of Happiness was a 5,000 square foot house in a retirement community.


[User] Please transcribe this text

[Assistant] Just before a global financial meltdown involving securities fraud, subprime mortgages and bad debt, Hasbro introduced a wholly new and reimagined game called the Game of Life Twists and Turns. Has anyone played this game? You guys are too old for this game. I want you to just think about that. You are too old for a game that was invented just a few years ago. In this version of the Game of Life,


[User] Please transcribe this text

[Assistant] You cannot die. You cannot grow old. You cannot sin. You cannot be good. There is no end.


[User] Please transcribe this text

[Assistant] Then if you want, you can convert it into a convertible. You can buy a house if you want.


[User] Please transcribe this text

[Assistant] It's not screaming dessert, I'll be totally honest, but I think it's almost got like that malty sort of flavour.


[User] Please transcribe this text

[Assistant] I wanna get just enough that it's got that really nice multi-caramely kind of flavour, so that it's recognisable but not overpowering.


[User] Please transcribe this text

[Assistant] Matt and Shannon are questioning the flavor combination, and I'm not surprised. It's pretty out there. I'm questioning it myself as well. In a restaurant, I'd be curious what was on the menu.


[User] Please transcribe this text

[Assistant] Any attempt to manipulate or interfere with election infrastructure, the machines or the information sets that determine who is eligible to vote and where undermines the right to vote. And it puts burdens on voters and it impacts public confidence and you know, high profile elections, especially like the one coming up, heighten the types of risks that we're talking about.


[User] Please transcribe this text

[Assistant] The expectation is not that the volunteer will have the keys to the castle by any means, more that they will have an open dialogue with an election administrator who wants to know more to explore cybersecurity enhancements in general or specifically.


[User] Please transcribe this text

[Assistant] And just to clarify, the head pointer is just, uh,


[User] Please transcribe this text

[Assistant] So now all four of these comments are going to be in our history.


[User] Please transcribe this text

[Assistant] Okay, so all of that, the branching, the committing, all those things were


[User] Please transcribe this text

[Assistant] Just a very fancy version control organization tool on your own machine, but the real power of Git comes in when we start collaborating with others.


[User] Please transcribe this text

[Assistant] And so, how do we collaborate with others if we have like an object graph and some files on?


[User] Please transcribe this text

[Assistant] And put that copy on a remote server somewhere. So just some kind of...


[User] Please transcribe this text

[Assistant] So let's say that I made a copy of my repository on GitHub and then Tony wants to work on it too. He does git clone and then puts in the link that he got from GitHub. And then now he has a copy of my repository too.