[User] Please transcribe this text

[Assistant] Like for instance, I clicked on DJ Vladimir with a dude who I know, I've seen some of his videos and stuff, but I might not necessarily watch his interview, but he had an interview that said,


[User] Please transcribe this text

[Assistant] It was like how I make- I used to make $5,000 a day scamming iPhones. I clicked on that bitch. Because I wanted to know.


[User] Please transcribe this text

[Assistant] I'm gonna be honest with you, I think that you, you gotta like guide your content towards shit that people are gonna wanna hear about. So like realistically, I probably might click on the interview clip that is like blank.


[User] Please transcribe this text

[Assistant] Hassan talks about his father or his grandfather being decapitated by Saddam Hussein. That's a pretty good title right there.


[User] Please transcribe this text

[Assistant] I feel like honestly though, people at home just think about shit in that way. And that's why a lot of motherfuckers go on interviews and just lie their asses off now.


[User] Please transcribe this text

[Assistant] You know, I think at a certain point, I just had to kinda accept that I'm just good at marketing shit.


[User] Please transcribe this text

[Assistant] It's one thing to be selling podcasts and t-shirts and stuff, but at a certain point it's just like, you know, I feel like


[User] Please transcribe this text

[Assistant] You know, I don't want to wear a t-shirt from some random ass company that I don't know anything about. I don't want to smoke weed from some random ass fucking...


[User] Please transcribe this text

[Assistant] Brand that I don't know nothing about and I don't like the people who run it or whatever. So I actually got approached by this, this really amazing company, Grow operation is like, they just wanted to partner with me. We ended up checking it out.


[User] Please transcribe this text

[Assistant] And it was just so dope and like so high end, like the most ridiculously like sterile, clean, productive environment I've ever seen in terms of their grow operation.


[User] Please transcribe this text

[Assistant] That I was just forced. Try to grow in Vegas. Bruh, I was just looking at it and I was just like, you know what?


[User] Please transcribe this text

[Assistant] Or yeaah. I don't know. I'm just trying to flex my marketing. So let me ask you a question.


[User] Please transcribe this text

[Assistant] I'm so thankful for the iPhone games and the penis pills and the caffeine energy pens that help us keep the lights on over here at the No Jumper Podcast.


[User] Please transcribe this text

[Assistant] Oh, no, no, no. The vape thing is totally different. The caffeine pens are...


[User] Please transcribe this text

[Assistant] I assume. I wasn't there when they did the research. Can I ask how much they pay for ads? Uh, you know, a couple thousand at least, like just to talk about it on the podcast. I never wanted to do it, but then I started watching all these comedy podcasts and everybody's just doing it. I'm like, man, fuck this shit. I'm gonna get that too. How do you solicit for that? They come to you.


[User] Please transcribe this text

[Assistant] Yeah, you start spark up relationships with different brands that are trying to do that. But most of you like just keep an eye on other podcasts and see who they're working with and just try to holler it.


[User] Please transcribe this text

[Assistant] I don't know how exactly we got in touch with them, but I know some other people that do ads with them too.


[User] Please transcribe this text

[Assistant] They have physicians online that will tell you what dosage you need.


[User] Please transcribe this text

[Assistant] Hey guys, can I just throw something in here? Uh, first ever photo in a BMX magazine?


[User] Please transcribe this text

[Assistant] Yeah, I've been on that lately. Like I've actually been fucking listening to like Cam and Nas and Jay and fucking...


[User] Please transcribe this text

[Assistant] CNN and all the shit I listened to when I was younger lately. I've just been on that. But honestly, if you asked me like a month ago, I was saying no. Cause like for real, like to me, like I was just like listening to rap, like I'm like watching TV.


[User] Please transcribe this text

[Assistant] And it's like, I can re-watch an episode of a TV show I really like, but...


[User] Please transcribe this text

[Assistant] It's not something I'ma do over and over and over. To be honest, like, my mind's always, like, moving on to new shit, and I'm always, like, just listening to new- like,


[User] Please transcribe this text

[Assistant] My girl said that the other day when I was listening and she's like, usually you listen to music that came out like the same day that it is right now.


[User] Please transcribe this text

[Assistant] We just do it so incrementally that we never do like the grandiose, big, crazy project. We just do YouTube heat everyday.


[User] Please transcribe this text

[Assistant] Listen, I'm gonna like legitimately like sell kilos of cocaine before I start being in the entertainment industry, like going to the club to try to get paid at night. Fuck that. I will do anything besides before I'm a schmoozer. I hate motherfuckers. I cannot schmooze with a damn.


[User] Please transcribe this text

[Assistant] That's pretty much it. I reserve the right, for the record, I reserve the right to say that people are wack.


[User] Please transcribe this text

[Assistant] But I know people who don't like me, but they never said anything about it, so I'm just, whatever.


[User] Please transcribe this text

[Assistant] I don't know. I felt like my answer about the culture vulture thing was pretty measured. I don't know if I gave you anything too, too juicy with that. It was good that you asked.


[User] Please transcribe this text

[Assistant] But I'm saying like, you should have somebody who works for you, who like goes through the, the, the interview and like tries to find the juicy, viral, interesting shit, whether it's positive, negative, whatever, and like clips it, puts it on the gram, et cetera, et cetera.


[User] Please transcribe this text

[Assistant] NoJumperWeed in stores very soon. NoJumper, the YouTube channel. Adam 22 on all social networks.


[User] Please transcribe this text

[Assistant] I am Tony Kat. That's my cat. He got like 73k. So follow him too.


[User] Please transcribe this text

[Assistant] Well, we have a cat litter box in one of the other bathrooms that we never use, so.


[User] Please transcribe this text

[Assistant] People wanna live longer, but they wanna live longer in the self that they have at that moment. Uhm, and so if there was a way that we could keep you in your 40-year-old body until you're 100 and then you drop dead, that would be a major medical advance. But unfortunately, as time goes on, these chronic diseases take a toll on the body.


[User] Please transcribe this text

[Assistant] Over the next 30 years, the number of people over the age of 65 will actually double to the point that they're about 20% of our population, about 70 million people.


[User] Please transcribe this text

[Assistant] Years ago, people died of pneumonia and flu and, uh, tuberculosis, infectious diseases, and we've become much better at treating these sorts of things, and now people are dying of their chronic diseases.


[User] Please transcribe this text

[Assistant] Our system is set up to really treat acute diseases. Our system is set up to treat with procedures. And it's not set up to treat chronic diseases and to take time to figure out what's going on.


[User] Please transcribe this text

[Assistant] Until 15 minutes into your conversation, and with the way healthcare is today, you may only have 15 minutes for your entire visit.


[User] Please transcribe this text

[Assistant] Those murals depict a pre-covenant Sangheili burial ceremony. You guys, we're the first humans to see these.


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[Assistant] He had to start thinking about this the day after he was elected.


[User] Please transcribe this text

[Assistant] I, I read on the internet that our games have had a few bugs.


[User] Please transcribe this text

[Assistant] And, uh, when I ask her, what do you feel? You feel better? She say, yes. And she look at me and she say,


[User] Please transcribe this text

[Assistant] You tried to cure me, but you never can do that again.


[User] Please transcribe this text

[Assistant] I give her everything what I have, but I don't know what to do.


[User] Please transcribe this text

[Assistant] Safety and peace, Altair. You're in my way. Yes, Almor Lim has asked that I assist you.


[User] Please transcribe this text

[Assistant] That's not the way it works. Now go. And remember, begin your search in the village market.


[User] Please transcribe this text

[Assistant] Food is scarce, money tight, but it need not be this way.


[User] Please transcribe this text

[Assistant] Who knows what the future holds? What tragedies tomorrow may bring? Defend against an uncertain future. Protect the ones you love. Work hard, and you will be rewarded. Talal provides.


[User] Please transcribe this text

[Assistant] You won't stop the work he does. Cannot stop it. Stop what? What work? He prepares them for the journey. Journey where? They are held in his warehouse.


[User] Please transcribe this text

[Assistant] And when the time comes, they are sent to Akkah. Where is this warehouse? And why Akkah? Talal tells me what I need to know. Nothing more. It is safer that way.


[User] Please transcribe this text

[Assistant] Do you ever stop to think of who put them there? Or why?


[User] Please transcribe this text

[Assistant] Any man who speaks as he is just as much a threat. Do any else among you wish to challenge me?


[User] Please transcribe this text

[Assistant] Your orders are simple enough. Go out into the city. Collect any remaining writings and add them to the piles in the streets. When you're done, we'll send a cart to collect them, that they may be destroyed.


[User] Please transcribe this text

[Assistant] They do not learn fixed in their ways as they are. You are naive to think otherwise. It's an illness for which there is but one cure. You're wrong, and that's why you must be put to rest.


[User] Please transcribe this text

[Assistant] One school of thought was, well, we need to take over, to shut down, to nationalize the weakest of the banks. Wall Street would see that if you gamble with the country's fortunes and you fail, you're going to get shut down, you're going to lose.


[User] Please transcribe this text

[Assistant] Geithner didn't want to do it because it would kind of create this risk. It would create this conception that the government was going to come in and mess with these banks and that that would frighten off private investors.


[User] Please transcribe this text

[Assistant] I think it was clear it was an opportunity lost. He had, uh,


[User] Please transcribe this text

[Assistant] And meanwhile, the clock is ticking, the calendar is moving, and it's getting later and later and later, and the weight of public opinion is turning against this healthcare plan.


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[Assistant] You'll have to excuse me if your offer doesn't entice me. I don't respond well to threats.


[User] Please transcribe this text

[Assistant] It was bestowed on me. You mean to say, the knight? Zivor's organist.


[User] Please transcribe this text

[Assistant] Or as the Fleet Street pamphleteers have so fondly named me, Jack Thripper, at your service.


[User] Please transcribe this text

[Assistant] I thank you, Seleucon, for delivering these meddlers. Deal with them.


[User] Please transcribe this text

[Assistant] And do not fail us. You. Quite fortuitous, wouldn't you say, Sir Galahad? The rebel leader captured. And a traitor revealed. All in one fell swoop. The traitor being you, regrettably.


[User] Please transcribe this text

[Assistant] You arrive in good time. We received report of a disturbance.


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[Assistant] Sir Galahad stormed in here with a filthy band of rebels intent on killing me. It's a lie. See the result of that little incursion? Sir Galahad's accomplice was a woman.


[User] Please transcribe this text

[Assistant] The leader of the rebellion, in fact. She eluded our grasp. Not for long.


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[Assistant] I thank you, Lady Igrane. Your intervention was truly fortuitous.


[User] Please transcribe this text

[Assistant] We are only carrying out our sworn duty, Lord Hostix. They're all the same, my lady. You would do well to keep a close eye on that traitor.


[User] Please transcribe this text

[Assistant] So Galahad infiltrated our headquarters late night, accompanied by the rebel leader and her followers.


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[Assistant] They incapacitated several of my guards and entered my chambers intent on killing me.


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[Assistant] Really? Script made no sense. Like, at all. Saints Row IV was way more elegant.


[User] Please transcribe this text

[Assistant] Pierce seemed to like it. Of course he liked it. It started off with him as mayor of Steelport. W-wait. If Pierce was mayor...


[User] Please transcribe this text

[Assistant] That was so cool! Yeah, shame we didn't have the budget to get it into the game.


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[Assistant] Oh my god, I wondered why Zemos and the boss couldn't look each other in the eye after this.


[User] Please transcribe this text

[Assistant] You know he wore that getup off the set, too. Ugh, I don't even think that was a costume.


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[Assistant] Johnny, Johnny, yes papa. Eating sugar, no papa. Telling lies, no papa. Open your mouth, ha ha ha.


[User] Please transcribe this text

[Assistant] A 14-ton bread truck is impaled on rocks. Tord and Andre were attempting to lift it clear until it threatened to crash back down with Tord underneath.


[User] Please transcribe this text

[Assistant] He has to inflate it quickly to stabilize the truck.


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[Assistant] With everyone clear, they try again to haul out the huge rocks.


[User] Please transcribe this text

[Assistant] It should be a piece of cake to pull out the last few rocks.


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[Assistant] Todd and Andre now have to winch it up onto the road.


[User] Please transcribe this text

[Assistant] Tord must not let the truck slip.


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[Assistant] The road's still open, so Torque must avoid holding up traffic.


[User] Please transcribe this text

[Assistant] You really need to call Don's wife.


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[Assistant] Ah, what do I know? When it comes down to it, that was your call to me, not Irish's.


[User] Please transcribe this text

[Assistant] On the way to the surgery, he was very nervous, so I had to make up something. So, this is a story I made up, because he was shaking and trembling. I said, hey, you're about to go to surgery.


[User] Please transcribe this text

[Assistant] There's gonna be a beautiful nurse come in, her name is Anastasia.


[User] Please transcribe this text

[Assistant] Well, when they, when my boys, when they get 18, I give them a bag, I give them $200, and I say, nice to meet you.


[User] Please transcribe this text

[Assistant] He was two years old. I didn't even know he could talk.


[User] Please transcribe this text

[Assistant] So, I'm downstairs, you know, eating my meal, and he comes to me and says, Daddy, when?


[User] Please transcribe this text

[Assistant] You know, we get in the game and we're down and then, you know, B-Shaw, Kobe, you know, B-Shaw Bob, we start to come back and then Kobe throws me the great lob, I catch it down, I was like, I won baby!


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[Assistant] I'm from the area where guys wanted to compete and, you know, beat each other. So, I would wait and see, you know, who's teaming up and doing that. And I would go on the team that needs a superstar and I'd teach them guys how to beat the super teams.


[User] Please transcribe this text

[Assistant] Because Jerry West is a master. Jerry West who works for the Clippers now.


[User] Please transcribe this text

[Assistant] I worked at McDonald's one day. You did, for one day? Yeah, when I was a youngster, my father said, you babysit your siblings.


[User] Please transcribe this text

[Assistant] So I'm not babysitting no kids. I went to work one day and I was like, I quit.


[User] Please transcribe this text

[Assistant] You are not risking your life, Hannah. I'm Irish, remember? The lucky one. Give it to me, Wrecker!


[User] Please transcribe this text

[Assistant] Your country needs you alive, Hannah. You are not going down, period. Come on, Wrecker!


[User] Please transcribe this text

[Assistant] Looks like, is that blood? The hell were they keeping here before me? What happened to him?


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[Assistant] And they're frankly motivated by their leader who was there with them in the field.


[User] Please transcribe this text

[Assistant] A military force is moving in on Moscow, and there's no sign that the president is taking any action. And in fact, it sounds like he was trying to get out of Moscow.


[User] Please transcribe this text

[Assistant] Yevgeny Prigozhin, he was the guy running that whole operation in 2016. And they did a lot of damage to America internally. We have yet to recover from the polarization that that election produced.


[User] Please transcribe this text

[Assistant] Prevotion is expanding his empire to Africa, to the Middle East, and we in the United States are not paying attention.


[User] Please transcribe this text

[Assistant] Putin understood and appreciated the Wagner forces to some extent, but I don't think he realized how much


[User] Please transcribe this text

[Assistant] Better they were than his regular military and how much more they could achieve and how much power that gave Prigozhin.


[User] Please transcribe this text

[Assistant] Wagner mercenaries are somewhat united in their brutality and in all of the human rights abuses that they commit together. It almost binds them together in a way that you wouldn't have if they were abiding by regular rules of war.


[User] Please transcribe this text

[Assistant] He was screaming from Ukraine about the need for more ammunition and blaming Putin's military commander and his defense minister.


[User] Please transcribe this text

[Assistant] Putin has lost control over Prugosian. Once Prugosian gets, gets angry about the treatment of his forces and he feels like no one in the Kremlin, no one in Moscow cares.


[User] Please transcribe this text

[Assistant] The revolt ends with Putin and the Belarussian president announcing that they've worked out a compromise and that Prigozhin has agreed to essentially withdraw his troops.


[User] Please transcribe this text

[Assistant] He was afraid, I think, to kill pregosian or to, to do it publicly. He was afraid to have those mercenaries killed or jailed. And that's a sign of weakness if you're an autocrat.


[User] Please transcribe this text

[Assistant] None of us can fully appreciate the humiliation that was felt by so many to be a great power one day and to dissolve another day, in some ways without explanation.


[User] Please transcribe this text

[Assistant] And this chaos is exactly what birthed Vladimir Putin as the future leader of Russia. He was the one who would bring order to that chaos.


[User] Please transcribe this text

[Assistant] Any kind of press, any TV program is all about manipulation.


[User] Please transcribe this text

[Assistant] After Beslan the Kremlin had full power. The government did not matter much any longer.


[User] Please transcribe this text

[Assistant] This Kremlin, the power these days, is always in singular.


[User] Please transcribe this text

[Assistant] Oh god Lucy, why? Uh, so happy new years everybody and happy 11 million subscribers. Uhm.


[User] Please transcribe this text

[Assistant] At the beginning of this year, I dealt with a breakup that was very, very heavy for me, and then I went into the hospital again because my intestines almost exploded, you know, and the various other stuff happened over the summer.


[User] Please transcribe this text

[Assistant] You know, me and my friends, we lost our friend Daniel, and then I had to go to the hospital again for my heart thing. You know, it's just been a very, very involved year. And not just for me, but for a lot of the people that I know.


[User] Please transcribe this text

[Assistant] I just wanted to say thank you for supporting us throughout this entire year and going into 2016, you know, me and my buddies back in LA were like reinvigorated because, you know, throughout all the subscriber milestones, the number of subscribers that we've been able to get, it's less and less about the


[User] Please transcribe this text

[Assistant] Size of the channel or the size of the fanbase or how, how I compare against other people and more about just having fun making videos for the sake of making videos. Because that's what it's always been about for me. And you know, I've had my ups and downs with that as well. But, and you know, I've lost that and forgotten it and remembered it. You know, but deep down, especially before we all took this vacation, we realized that we are never happier


[User] Please transcribe this text

[Assistant] And I've been thanking you straight for almost four years now, but just...


[User] Please transcribe this text

[Assistant] We enforce immigration law and we seek to remove people that are here illegally from the country.


[User] Please transcribe this text

[Assistant] In terms of protecting the public and also in terms of border security.


[User] Please transcribe this text

[Assistant] We have record breaking numbers in terms of criminal alien removals. 195,000 last year. About half of the people we removed.


[User] Please transcribe this text

[Assistant] As we expand the deployment of secure communities focused on criminal aliens, you'll see that number continue to go up and up.


[User] Please transcribe this text

[Assistant] Well, I don't know the specifics of what the grievances may be. I don't know if they, if they, I don't know whether it has to do with the quality of the food or whatever. We put a lot of people through our facilities more broadly. This is a big system. There are always going to be people that are dissatisfied with one element of it or another. But where it rises to, to a level, you know,


[User] Please transcribe this text

[Assistant] That, that merits attention and merits a response and we're aware of it. We, we do all we can to address it.


[User] Please transcribe this text

[Assistant] We're committed to doing that. It's an ongoing process and it's something that we're going to continue.


[User] Please transcribe this text

[Assistant] Strictly in Texas, there is this constant fear of all-powerful government, and we don't like being told what to do.


[User] Please transcribe this text

[Assistant] We're talking about limiting in a perspective way when someone can buy a firearm. That's going to do nothing.


[User] Please transcribe this text

[Assistant] To the huge inventory of weapons already in private hands and in the public domain.


[User] Please transcribe this text

[Assistant] I own guns. I'm not saying how many. I could probably outfit the invasion of a small Caribbean island.


[User] Please transcribe this text

[Assistant] I'm not the exception. In Texas, I'm the rule.


[User] Please transcribe this text

[Assistant] You know right now, today I would not. Today I would not. But I will tell you that that day may come.


[User] Please transcribe this text

[Assistant] One of the reasons I would not want to do it today is I want to get back home and have those conversations with the people I represent. But I think what I will hear is people saying,


[User] Please transcribe this text

[Assistant] The same thing and fall back in the same routine. So how do we break out of that cycle? How do we come up with solutions that will work in a complicated world?


[User] Please transcribe this text

[Assistant] What we're seeing now is a willingness in this legislative session to spend more money on mental health, to talk about mental health.


[User] Please transcribe this text

[Assistant] It resonates as a non-gun-related explanation and remedy for mass shootings that will work for Republican policymakers and Republican candidates.


[User] Please transcribe this text

[Assistant] They would like to have some appearance of bipartisan cooperation. Mental health is a great avenue for that because Democrats are going to be amenable to legislate on mental health, even if it means trading off on gun policy.


[User] Please transcribe this text

[Assistant] Well I think it's a tall order. I'm honestly a little bit skeptical at this point. There are some very deeply embedded patterns in these attitudes among Republicans and Democrats in Texas that are


[User] Please transcribe this text

[Assistant] You know, meeting with the institutional reality of what we're seeing in partisan politics in the state right now.


[User] Please transcribe this text

[Assistant] Come on, baby!


[User] Please transcribe this text

[Assistant] I misspoke, Capitan. I heard there's a list of all the relics that were looted from the tomb. I can take you to them. A fine alternative to the temple.


[User] Please transcribe this text

[Assistant] You once said that you would be open to a female successor.


[User] Please transcribe this text

[Assistant] You also told, uhm, one of my colleagues that that female must be attractive, otherwise it's not much use.


[User] Please transcribe this text

[Assistant] A lot of women would say that's objectifying women, and it's about who you are inside, isn't it?


[User] Please transcribe this text

[Assistant] What is an STO? Is it the new ICO? What's the difference between a security token and a utility token? Why is it even important? Well, stick around. In this episode of Crypto Whiteboard Tuesday, we'll answer these questions and more.


[User] Please transcribe this text

[Assistant] Hi, I'm Nate Martin from 99Bitcoins.com and welcome to Crypto Whiteboard Tuesday, where we take complex cryptocurrency topics, break them down, and translate them into plain English. Before we begin, don't forget to subscribe to the channel and click the bell so you'll immediately get notified when a new video comes out.


[User] Please transcribe this text

[Assistant] Today's topic are security tokens and security token offerings, or STOs for short. But before we dive in, we first need to understand what ICOs are. An initial coin offering, or ICO for short, takes place when a company sells cryptographic assets known as tokens in order to raise funds for its operations.


[User] Please transcribe this text

[Assistant] The tokens being sold play a role in the project, and those who buy in early are getting them at a discount, assuming the project succeeds.


[User] Please transcribe this text

[Assistant] The company usually opens the sale of tokens for a limited time frame until the money they need to raise is reached. A good analogy for an ICO would be selling $1 casino chips at 80 cents a chip in order to build the new casino. If the casino comes to life, the investors made a wise investment.


[User] Please transcribe this text

[Assistant] A good example of an actual ICO would be Ethereum, where Ether, the token used to power the Ethereum network, was sold to investors before the network launched in order to fund the project.


[User] Please transcribe this text

[Assistant] Tokens in general are divided into two categories, utility tokens and security tokens.


[User] Please transcribe this text

[Assistant] Utility tokens are tokens that promise the future use of a product or service. They aren't meant to be an investment, they have a utility. One example that might be considered a utility token of sorts would be a Starbucks gift card.


[User] Please transcribe this text

[Assistant] If you buy it at a discount, you're not really expecting to make a profit by selling the gift card. Effectively, you've prepaid for, and expect at a later date, a cup of coffee.


[User] Please transcribe this text

[Assistant] Security tokens, on the other hand, are tokens that represent tradable financial assets. For example, a share or bond from a company. Security tokens are meant as a form of investment. They pay dividends, share profits, or pay interest in a way that promises future profit.


[User] Please transcribe this text

[Assistant] Put simply, utility tokens promise a product or service, while security tokens promise a profit.


[User] Please transcribe this text

[Assistant] While ICO started out with good intentions, people quickly started seeing the opportunity for easy money and used this mechanism to fuel their greed. In 2017, the ICO frenzy reached its peak.


[User] Please transcribe this text

[Assistant] Billions of dollars were invested in so-called utility tokens that had as little as a piece of paper describing some obscure future venture.


[User] Please transcribe this text

[Assistant] Of course, the overwhelming majority of these projects never saw the light of day and a lot of investors lost their money. Back then, the ICO field was completely unregulated and quite the number of scams and manipulations emerged.


[User] Please transcribe this text

[Assistant] Investors pumped up the price of specific tokens just to dump all of their holdings once everyone else bought in. Other cases included companies that just completely vanished along with the money once the ICO ended and the money was raised.


[User] Please transcribe this text

[Assistant] Instead of a creative way to raise capital, ICOs quickly became a workaround to avoid regulation.


[User] Please transcribe this text

[Assistant] Companies that wanted to avoid the long, expensive regulatory path toward the traditional initial public offering, or IPO, just conducted an ICO instead.


[User] Please transcribe this text

[Assistant] Nobody asks for permission to run an ICO, you just set up a website, some tokens, and start selling them to the general public. Also, unlike an IPO, you're not giving away any control over your company or profits, since you're supposedly selling tokens that only promise future use of your currently non-existing product.


[User] Please transcribe this text

[Assistant] As things got out of hand, public complaints increased. Companies like Google and Facebook banned all ICO projects from advertising on their platforms, and regulators stepped in.


[User] Please transcribe this text

[Assistant] The regulators wanted to investigate whether these so-called tokens shouldn't be in fact considered as securities, and if so, are the companies behind them meeting the requirements to allow them to sell securities? You see, in the US, there's a simple test called the Howey Test that is used to decide if what someone is selling should be considered a security.


[User] Please transcribe this text

[Assistant] It states that a transaction is considered a security sale if a person invests his money in a common enterprise and is led to expect profits solely from the efforts of the promoter or a third party.


[User] Please transcribe this text

[Assistant] We can break this long and confusing sentence down to four main questions.


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[Assistant] One, was there an investment of money? In the case of ICOs, the obvious answer is yes. Two, was this investment done in a common enterprise? Since ICOs raise money for a company which is considered a common enterprise, the answer is also yes.


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[Assistant] Since a company can always claim that its tokens were meant for utility only. However, when you look at the token market, you can clearly see that people are buying tokens in the morning and then selling them in the afternoon, meaning tokens are bought in order to sell them for a profit. So depending on the specific case, this could be a yes or a no.


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[Assistant] Is there a person that isn't the investor who is in charge of making this venture succeed? You could also ask, is this a passive process for the investor?


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[Assistant] In most cases, the answer to these would be a solid yes, as the investor's involvement in the project ends usually once he or she invested funds and got tokens in return. Bitcoin, for example, doesn't fall under this category since there's no one person making the decisions.


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[Assistant] Many open source projects can have the benefit of the doubt, since you can't say that there's one person calling the shots.


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[Assistant] It's more of a group effort, and that disqualifies them from the fourth question.


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[Assistant] So, while most companies classified their token as utility tokens in order to avoid security regulations, when they were reviewed by the authorities, almost all of them were said to be selling securities. As a result, many ICO companies were subject to legal actions including hefty fines and even jail time.


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[Assistant] Today, most ICOs aren't open to the public because of the fear of regulators and are privately funded by small groups of investors.


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[Assistant] So there you have it. On the one hand, we have ICOs, a completely unregulated form of raising money from all around the world that's fast and easy to execute and is filled with scams, frauds, and just plain negligence.


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[Assistant] And on the other hand, IPOs, a long, expensive, exhausting road of raising money from investors by vetted, legit companies. But today, there's a new type of offering called a security token offering, or STO.


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[Assistant] A kind of middle ground between an ICO and an IPO.


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[Assistant] Let me explain. An STO is the process of selling security tokens to the public while avoiding the long exhausting process of an IPO. There are no utility tokens in STOs and everyone participating is considered an investor.


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[Assistant] STOs are intended to be compliant with anti-money laundering requirements and securities laws.


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[Assistant] Well, you might be wondering, how are STOs possible? How can you sell securities without regulatory oversight? The answer is through exemption. In the US, for example, you are exempt from registering with the SEC if you fall into one of three regulations.


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[Assistant] The company can raise an unlimited amount of money in this manner. Regulation crowdfunding states, both accredited and non-accredited investors, can participate in the offering, but there is an annual limit to how much an STO can raise.


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[Assistant] And that's $1,070,000. Both Regulation D and Regulation Crowdfunding have a one-year lock-up limit.


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[Assistant] This means that investors need to wait for one whole year before selling their security. This is done to prevent pump and dump schemes and protect other investors. Regulation A-plus means the offering must be qualified by the SEC, sort of a mini IPO.


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[Assistant] Once it is approved, everyone can participate in the STO, which is limited to $50 million. There is no lockout period for a Regulation A-plus exemption. You could buy and sell your tokens in the same day, just like you currently can with cryptocurrencies.


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[Assistant] Once a company falls into any one of these regulations, it can sell security tokens as part of an STO, with no threat from the SEC coming down on it to shut it down and throw the proprietors into jail.


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[Assistant] So, are STOs a good thing? STOs have a lot of advantages. For starters, they remove the threat of scams through the implementation of regulation and oversight. While ICOs were traded on shady and unregulated exchanges, STOs are traded on verified exchanges.


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[Assistant] Also, STOs open up a bigger market for investors, since almost every asset class type can be tokenized.


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[Assistant] From the fundraiser's perspective, a wider audience of investors can be reached as digital securities are easily marketed and transferred across borders. Of course, many people think STOs are a bad thing, since in some cases, Regulation D for example, they offer the investment to accredited investors only.


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[Assistant] This seemingly excludes the Main Street investor while allowing only the rich to benefit.


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[Assistant] On top of that, the lockup period and cost of compliance may deter many investors and companies from participating in ICOs.


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[Assistant] In the end, STOs have various pros and cons. I believe at this point in time they are more suited to the early adopter, who's looking to invest in something new and exciting, while still being subject to some oversight, which offers a certain degree of investor protection.


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[Assistant] These are just the early days of STOs, and as you move forward, more and more companies, and not just crypto-related, are thinking about how they can tokenize their assets in order to raise funds.


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[Assistant] That's it for today's episode of Crypto Whiteboard Tuesday. Hopefully by now you understand what security tokens and STOs are. A way to tokenize tradable financial assets and offer them to the public in a responsible, regulated process. You may still have some questions. If so, just leave them in the comments section below.


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[Assistant] And if you're watching this video on YouTube and enjoy what you've seen, don't forget to hit the like button, then make sure to subscribe to the channel and click that bell so you'll be notified as soon as we post new episodes.


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[Assistant] You're never gonna make me say overwhelming majority again. Promise me. You're never gonna make me say that again. Promise me.


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[Assistant] She was a wreck when I bought her. Took a few years and a lot of contracts to refit. She pays for herself now.


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[Assistant] Can we see it? Switch to monitors. Sevastopol station.


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[Assistant] Let's use an ice pack, ice pack, ice pack.


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[Assistant] God dang, all his hair fell out. Saitama.


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[Assistant] Breathing. Kakushi.


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[Assistant] Okiiro. Okiirun da. Oki. Ooi.


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[Assistant] Like, going to college and stuff, especially for someone in this country like it. Everyone does. What just happened?


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[Assistant] I wanted to be a police officer when I grew up. And now? Changed my mind.


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[Assistant] Uh, shit, I'm not gonna lie, it's a lot of guys that write a lot of female lyrics, so I can believe it. And I fuck with Lil Yachty, you know what I'm saying? We brought Lil Yachty out Coachella weekend this weekend, or last weekend you did, so yeaah, I believe it.


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[Assistant] Uh, one of the decisions is whether we should take the tube from the mouth and take it out. Does he have thoughts about that?


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[Assistant] So let me prepare you, uh, for what may happen.


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[Assistant] We give a little bit of dose of the sedative to make sure she feels no pain.


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[Assistant] We have a tremendous amount of technology that prolong life.


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[Assistant] But ultimately, we can overcome the patient's illness in most cases. They have cancer.


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[Assistant] They have kidney disease. They have end-stage liver disease. They have these diseases that are life-shortening. Now if you look at the history of critical care,


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[Assistant] The idea of an intensive care unit was for you to come there with a life threatening illness and respond to the treatment and get better.


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[Assistant] Unfortunately what's happened is that Americans are now coming to ICUs to die.


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[Assistant] Nearly 95% of our patients cannot communicate because of either their underlying illness or because of the heavy sedation we're providing. So what happens is, is that most of the care and interventions are discussed with the healthcare decision maker, who may be a family member or a healthcare proxy.


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[Assistant] In a perfect world, the patient designates a healthcare proxy and has a discussion about what their preferences would be at the end of life.


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[Assistant] But many of the patients who end up in the intensive care unit, those discussions have never happened.


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[Assistant] The critical care doctors. And this causes a tremendous amount of burden for everybody. Because they now have to make life or death decisions for somebody else. So, we know that he had his underlying problems. Right? So he has, uh, he has emphysema. And, uh, we know he's had a stroke.


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[Assistant] From the standpoint of his brain, uh,


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[Assistant] It's unclear whether he's had long-term damage from the cardiac arrest, but it does appear that he's waking up. The bigger problem, I think, right now is his lungs. If we're unable


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[Assistant] To safely get him off the artificial respirator, remove the tube safely, then the next step is what we call a tracheotomy.


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[Assistant] But there is a tremendous amount of pain and suffering that can go along with that as well. It will certainly prolong his life.


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[Assistant] Ajay, you made it! Good job, son of Mohan. Why are you guys helping me? You're the son of Mohankali.


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[Assistant] You may not know it, but that name carries a lot of weight in Kirat. Especially for the Golden Bar.


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[Assistant] You chose to fight your own people. When you sided with the meter.


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[Assistant] Where was that forgiveness when you butchered your brothers and sisters? You committed crimes against the gods themselves!


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[Assistant] I would go for the trick and that's what I think mother would have wanted and respected.


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[Assistant] The quality of life, you know, is meant to be seen, because we know that, you know, that Alzheimer's is progressing. You know, we don't know if she's going to be better tomorrow, or if she's improving, but you know, we don't know exactly how she's going to survive.


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[Assistant] Oh god. Oh my god!


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[Assistant] Successfully goes out there and harvests everything, but the successful fisherman is somebody who goes out there and takes care of the ocean.


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[Assistant] I'm sensing- We are sensing. We are sensing. You want to know who we are? Right, I'm Yogi and this is Reggie. But you stranger, you-


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[Assistant] Right, she'd like to press to flesh as it were, a little meat and greet. You being the meat.


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[Assistant] I only technically bet against him. I was trying to cover the spread, my old China. He means mate. I however, had no doubt. I bet on you, mate. Check it out.


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[Assistant] Which I'm more than willing to split with you, uh, 60-40. 40-60. 37.


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[Assistant] Leave. Right. Just, just give us a second to pack. Yeah. We're nesters. It's a bit of a mess.


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[Assistant] That day we reached a level of herbal nirvana unlike any other. When it was all said and done, we asked the guru whose supplier it was. That's when we heard of Shangri-La. Shangri-La. It's like, uh, the ghost of ancient Kyra. Ancient Kyra? Yea, it's more like...


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[Assistant] I was told that it's a Gayle family heirloom, been passed down for generations. But I'll not mention that earlier.


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[Assistant] That's what I just said, Donald. It's Yogi, you frat. Smoke? Smoke?


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[Assistant] I heard something about a certain Oiran.


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[Assistant] And you are a thug, but a thug who supposedly serves the Chantry. We serve the most holy, Chancellor. As you well know.


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[Assistant] Our forces can charge as a distraction while we go through the mountains.


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[Assistant] The breach remains, and your mark is Stella only hope of closing it.


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[Assistant] There is something you can do. A chantry cleric by the name of Mother Giselle has asked to speak to you.


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[Assistant] True, he has taken the order somewhere, but to do what? My reports have been very odd.


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[Assistant] There is one other matter. Several months ago, the Grey Wardens of Ferelden vanished. I sent word to those in Orlais, but they have also disappeared.


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[Assistant] Ordinarily, I wouldn't even consider the idea they're involved in all this, but the timing is... curious.


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[Assistant] The others have disregarded my suspicion, but I cannot ignore it.


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[Assistant] Good. The magister's probably in his chambers.


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[Assistant] And mages always wonder why people fear them. No one should have this power.


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[Assistant] Enough. This is all pretend to you. Some future you hope will never exist.


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[Assistant] I suffered. The whole world suffered. It was real.


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[Assistant] Riff tore apart all of Southern Thedas, starting here. But whether that's his doing or the breach, who can say?


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[Assistant] Cast your spell. You have as much time as I have hours.


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[Assistant] We should look into the things you saw in this dark future. The assassination of Emperor Selene. A demon army.


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[Assistant] It began in the courtyard. This is where we turned that promise into action.


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[Assistant] I know one thing, if Varric has brought who I think he has, Cassandra is going to kill him.


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[Assistant] Turn your nose up at the grand game if you like, Commander, but we play for the highest stakes, and to the death.


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[Assistant] Eremond called the ritual at the western approach a test.


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[Assistant] The Warriors may be willing to listen to reason, though I doubt they will turn against Chlorell directly.


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[Assistant] The mages, however, are slaves to Corypheus. They will fight to the death.


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[Assistant] I should finish this before it slips my mind. Perhaps later we might discuss the matter further?


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[Assistant] The ambassador is up to something, but she can't be our focus.


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[Assistant] The best place to strike at Celine is from her side.


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[Assistant] Forcing the future, speaking with the dead, that sort of rubbish. She has an occult advisor.


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[Assistant] She's worth investigating. Can't be sure of anything here. Both leads point toward the guest wing. It's a promising place to start.


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[Assistant] I'll coordinate with our spies to see if I can find anything better. I will be in the ballroom if you need me.


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[Assistant] Then perhaps we should let her die.


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[Assistant] What Corypheus wants is chaos, even with Selene alive, that could still happen. To foil his plan, the Empire must remain strong.


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[Assistant] My agents agree. Our victories have shaken his disciples.


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[Assistant] His people have been ransacking elven ruins since Haven. We believe he seeks more.


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[Assistant] Well, hound Corypheus in the wilds before he can find the temple or this eluvion.


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[Assistant] If he is wise, he will hide and rebuild his strength before he attacks again.


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[Assistant] Then we'd have to rely on her interpretation of them and whatever she chose to tell us.


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[Assistant] That's no simple task. Corypheus alone is powerful, but where there's dragon...


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[Assistant] My agents have found no trace of Solas. He has simply vanished.


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[Assistant] Afterwards you will be busy. Every noble in southern Thedas is clamoring to meet you.


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[Assistant] And you are the one who stopped him.


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[Assistant] You were an upstart, a Dalish elf leading a band of rebels and heretics. Until Corypheus revealed himself, they could not see the single hand behind the chaos. Once he did, they knew.


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[Assistant] You done with my boy here, Master Guns? I don't see any training wheels. His armor's working fine, John.


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[Assistant] When I shipped out for basic, the orbital defense grid was all theory and politics. Now look.


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[Assistant] That Mac gun can put a round clean through a Covenant Capital ship.


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[Assistant] Coordinated fire from the Athens and the Malta. Nothing's getting past this battle cluster in one piece.


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[Assistant] So, smile, legit. Well, we still got something to smile about.


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[Assistant] Shake it off, Marines! Clear the crash site! Go, go, go!


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[Assistant] We've all run the simulations. They're tough, but they ain't invincible. Stay with the Master Chief. He'll know what to do.


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[Assistant] Mackenzie, Perez, how's our exit? You hear me Marines? We got trouble.


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[Assistant] Please, don't shake the lightbulb.


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[Assistant] Chief, get to the bomb, double time. Cortana, prioritize targets and fire at will.


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[Assistant] Yeah, maybe. You're from Mickey, Dutch? Negative.


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[Assistant] No. People are gonna be distracted by the ass more than the case. I want an ugly motherfucking lawyer that is by the book.


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[Assistant] By the facts, I don't want someone that is rich and is beautiful that thinks they can become a lawyer by skipping the process. She went A to Z. Like she's not going to law school. She's not doing all of this. So I'd rather have just a by the book lawyer.


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[Assistant] He was, you know, very nice and greeted my husband and I and, you know, how are the kids, et cetera, et cetera, et cetera. And I just basically said, Barack, you've got to help us. And he said, uh, what can I do?


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[Assistant] Finishing off where we started. Let's go. We gotta find the girl.


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[Assistant] Yeaah, I mean why bother? I just take it out of your salary.


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[Assistant] Look, I gotta head over to the garage and put some pressure on the boys. Damn, grease monkeys are late again. See you at the party.


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[Assistant] Come home with us. It's not too late to stop this.


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[Assistant] That creature beneath the library, that grave mind, used us. We were just a diversion. An amberclad was always its intended vector.


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[Assistant] Get out of here! You're wasting my time!


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[Assistant] 20 people saw him, man. Not a single one can describe him apart from being bald with a tattoo on the back of his neck. You really think it's the Hitman?


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[Assistant] For more on this and other frontline programs, visit PBS.org.


[User] Please transcribe this text

[Assistant] To order, visit shoppbs.org or call 1-800-PLAY-PBS.


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[Assistant] I, you know, I usually have something I can guess, but I don't- we don't know if you like-


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[Assistant] I don't think Felix could be like a name of like a Nakuma.


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[Assistant] Yeah, I have no idea, but nevertheless, I am excited to watch. I hope you guys have been enjoying Miraculous Week. We're getting close to the end of Season 3, so I'm very excited. So,


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[Assistant] I'm very confused why Adrian looks like his cousin, like almost identical. It's really weird.


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[Assistant] So he's weird, uh, jerk moved also steal the wedding band from Gabriel, who's like mourning his wife.


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[Assistant] Uh, real asshole move. I get that they're like family heirlooms, but kind of a dick move. Don't really know why he did that.


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[Assistant] Uhm, with the mutual understanding that they're both gonna be like super rude to each other.


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[Assistant] Like the episode? It was just odd. I'm so sad. Marinette finally got the courage to tell Adrian that she loves him. And he didn't get to see her. Oh, fortune!


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[Assistant] Of this season or next season.


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[Assistant] Obviously, he has to come back again, Gabriel's gonna wanna try to get it, things like that. Yeah, I just don't understand why these rings are important.


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[Assistant] Uhm, along with that, I am kinda curious about what Gabriel was gonna say to Adrian about his mom. Because Natalie is like, you know, you can't just keep doing this, I think, uh.


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[Assistant] It's concerning in a way, actually.


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[Assistant] But I like it, I like it so far, uh, I'm...


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[Assistant] Uh, and I only say that because it just, it just, this whole episode seemed like it was just setting out for something in the future.


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[Assistant] So, I'm nervous. I'm really nervous. I hope. I hope I'm wrong. Like honestly, I just like hope I'm wrong. That would make me really happy.


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[Assistant] Cause at least Lila can pretend to be nice.


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[Assistant] It will transpire and happen in the future, cause it's concerning.


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[Assistant] Demolishes your heart. So Luca can just piece it back together so wonderfully.


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[Assistant] I think that was really rude of her. Uhm, I could only hope.


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[Assistant] He'll be on our side. I've got it. What if he's on our side? Hear me out! Having a ferocious line around might not be such a bad idea.


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[Assistant] Light in our eyes and a little different twinkle knowing that, you know, someday soon we're gonna be, you know, back there on the moon and hopefully someday he'll be able to watch mom, uhm, fly by and walk on the moon.


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[Assistant] I think exploring space is so important, really for the benefit of all of humanity.


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[Assistant] Rocket man is on a suicide mission for himself and for his regime.


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[Assistant] Well I spoke to the president this morning of South Korea for a long time. They just had a very good meeting.


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[Assistant] Well, the Libyan model isn't a model that we have at all when we're thinking of North Korea. But if we make a deal...


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[Assistant] I really believe he's gonna be very happy, but this is just the opposite. And I think when...


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[Assistant] John Bolton made that statement. He was talking about if we're going to be having a problem, because we cannot let that country have nukes. We just can't do it.


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[Assistant] I believe that this is a tremendous setback for North Korea and indeed a setback for the world.


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[Assistant] And I think it'll be a process. It's not, I never said it goes in one meeting. I think it's gonna be a process. But the relationships are building and that's a very positive thing.


[User] Please transcribe this text

[Assistant] Funny story here, Uncle Tusha gave me a toy, but...


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[Assistant] Doing back then, it don't even bother me now. Right. Imagine seeing Trader 2 walking through a queer and with a, uh,


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[Assistant] Yeah, definitely. You know, when you really care about your kids, it don't matter anyway. And then when you type a cat I am, ain't nothing they can say that's really gonna shift what I got going on anyway, cause I'm still gonna be respected the same, you know.


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[Assistant] I wouldn't say I was the man of the house when I was younger. It was just always something about me that always looked out for people, and you know.


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[Assistant] I think it just, that kinda just stuck with me. And that's so crazy. It's, it's in my kids too.


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[Assistant] Well, not, not so her yet because she ain't sharing nothing with nobody. She don't give a damn. But the boys and them, they always, you know, it'd be to the point my, my youngest son, baby Houston, he'll hear me. Oh yeah, I was just here to make sure you straight, you good. You know, so it'd be cool. But with my kids, I got that, the homeboy relationship. I don't do them.


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[Assistant] You definitely gonna want that experience, man. You gonna wanna wake up to see a younger you. It's gonna trip you out to see them doing stuff.


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[Assistant] The game I give them and the street knowledge of exposing them to certain stuff, it makes them not, you know, when kids come up.


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[Assistant] The cool thing is when you curious or you trying to show out for the other homies. So you go to do, you go to do stuff to prove yourself. But when you expose it to them right off the rip.


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[Assistant] That don't excite me, you're not even gonna get me to do that type of stuff, you know what I'm saying? Cause I know this may be cool or this may be lame. So, mine, they always been exposed to everything way early. So, they still able to be a kid, but they sharp enough to have street smart.


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[Assistant] I wouldn't how I am with them. Then you like, well, man, let's, let's, let's go do this or let's go. I'm about to go.


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[Assistant] Just everything like I was just getting pulled into so many directions and I just felt like I had to just let it out. You know, sometimes when you, you may walk outside and just go in the middle of mail rolls and just scream just out of frustration. But once you get it out, you know, you're going to figure out what's next. And I think that's what it was with this project.


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[Assistant] Now, honestly, I'm gonna have to really sit and think when we met, man, cause we got a long, long history. Even if you go back to look at some of the first times I was doing different stuff in the community, he's been there with me, you know what I'm saying? So we got a long history, man. And, you know, I used to pop in LA all the time and just pull up on them all. We'll end up meeting, you know, like I remember,


[User] Please transcribe this text

[Assistant] Like nah, this ain't real. Like I'm waiting on somebody to call and say he aight. And uhm, I think I found out, well I found out definitely way before social media that uhm, that he had passed. What is that? Truth. Taking over the show.


[User] Please transcribe this text

[Assistant] My son fed off it, cause you know, I went to drop him off instantly and I was just kinda in a blank phase.


[User] Please transcribe this text

[Assistant] Yeah, but there's a lot of us out here. You see her walking in the building, you see about ten of us, you don't know. Yeah, that little girl, we don't know. She's protected.


[User] Please transcribe this text

[Assistant] Yeah, yeah. I mean, you know, and it could be a lot more, but you know, at the end of the day, nobody's, nobody owes anything, anyone, anything to anyone, so.


[User] Please transcribe this text

[Assistant] They don't have to be that, you know, it definitely could be a lot more because you gotta realize with me and Nipsey, we weren't in the.


[User] Please transcribe this text

[Assistant] They're not required to have the care either. In a lot of situations.


[User] Please transcribe this text

[Assistant] If it doesn't affect them personally, that's how a lot of people look at it and not trying to teach people otherwise because you never know like when the hurricane hits Houston.


[User] Please transcribe this text

[Assistant] When they start really realizing, then they got some of their relatives, like,


[User] Please transcribe this text

[Assistant] With Trey and them saved me or I don't know what I was gonna do if they didn't come take care of me and then start people start appreciating it more like.


[User] Please transcribe this text

[Assistant] The flip side of that is with me doing what I do. It also shows some of the youngins that's coming up.


[User] Please transcribe this text

[Assistant] You could do this and still be cool. You still can be that guy. You know what I'm saying? And sometimes people need that because if they don't, if they don't know then they gonna overlook it like me. I ain't gonna do that. Everybody gonna laugh at me. But when you're a person like me, you're your own leader.


[User] Please transcribe this text

[Assistant] You don't care what people think about you, you know, you gonna do what you wanna do. That's like me, I've been...


[User] Please transcribe this text

[Assistant] Been a street cat my whole life. I ain't never smoked and drank in my life. And you would think every street cat gotta smoke and drink.


[User] Please transcribe this text

[Assistant] But the fact that I don't, you know, people, they respect it just as much. So with that being said, the impact that I have now,


[User] Please transcribe this text

[Assistant] I want y'all to be able to experience what being happy in life is as opposed to having to go down the road or the environment I have. I'm not telling you not to be that because I understand it. You know, so I understand that we're like, I'm going to be here and I'm going to be one of the big homies forever.


[User] Please transcribe this text

[Assistant] But I'm also gonna watch you not crash yourself because coming up I didn't necessarily have people to tell me hey don't do that.


[User] Please transcribe this text

[Assistant] My first case was an aggravated robbery case, you know, which I was blessed to end up, I think I ended up doing two years deferred probation on it, but.


[User] Please transcribe this text

[Assistant] The first time, the first offer was double digits. Right. But I ain't had nobody, you know, as far as I'm...


[User] Please transcribe this text

[Assistant] Man, we in the neighborhood, we gon' take whatever we wanna take with somebody and keep it moving the next day. We not knowing how serious it is, and it's like...


[User] Please transcribe this text

[Assistant] 60, 70 years. I don't know if you know, I'm the first person that toured through Texas prisons, like as far as going in the prisons.


[User] Please transcribe this text

[Assistant] But I remember man, it was kids in there. They were so young and small they had.


[User] Please transcribe this text

[Assistant] They're on a whole different wing of the unit. You got kids 11, 12 looking at doing life or 50 years, you know, and it's like, man, when I was going there,


[User] Please transcribe this text

[Assistant] And just see em, and you know, talk with em, chop it up. They will be.


[User] Please transcribe this text

[Assistant] Yeah, I think they already won if I am mistaken, but you never really know, you know, sometimes stuff spread on the internet fast, but you know, definitely.


[User] Please transcribe this text

[Assistant] But I understand the life man, you know, we all mess up and everybody deserve second chances in some form or fashion. Well that may be just being high with the man up above.


[User] Please transcribe this text

[Assistant] At the time, my son Danico, which is my disabled son, which I do everything under the sun, for and behind him.


[User] Please transcribe this text

[Assistant] Anything he did, he had any and everything way before in advance, but time wise.


[User] Please transcribe this text

[Assistant] I think that definitely touched me just because.


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[Assistant] Even though I spent a lot of time and did everything I could, I wish I could have spent more. So that's why when I had my son Houston after him.


[User] Please transcribe this text

[Assistant] Make up for it too and keep him around, you know, like even when I was traveling because that's what stuff by this time.


[User] Please transcribe this text

[Assistant] I'm going through different lawsuits, different stuff, so it's like I'm not moving how I used to move, so I would grab Houston and just take him with me. We would be out here, we would be in different cities, you know, to where I felt like I had


[User] Please transcribe this text

[Assistant] I slacked a little the first go round, giving my time to the people and the fans as opposed to...


[User] Please transcribe this text

[Assistant] Give a majority of my time to my family. And I think any artist go through that because sometimes, you know, it can get overwhelming because at the end of the day, you still got to get out there and go make money to provide for your people. So I get it both ways.


[User] Please transcribe this text

[Assistant] So you, you know, it's crazy that you said that. So I had an album that just came out.


[User] Please transcribe this text

[Assistant] But the album coming out in a week or two, do I...


[User] Please transcribe this text

[Assistant] Take this chance and go to New York and go do press. Or do I just shut everybody out, spend time with my daughter and just say F the album and...


[User] Please transcribe this text

[Assistant] We're trying to push it back. Now, honestly, I tried to push the album back, but it was, it was too far in the system by this time. So now it's like, man.


[User] Please transcribe this text

[Assistant] Yeah, different and the same, cause disrespect we ain't gonna tolerate. Like they know that, but a lot more stuff.


[User] Please transcribe this text

[Assistant] As you get older, you can tend to overlook because it's like at the end of the day, I gotta make sure I make it back home to my kids. Now if it's time and we gotta go there, I'm prepared in all aspects and I'm still gonna get home to my kids.


[User] Please transcribe this text

[Assistant] But if it ain't necessary, why entertain it, man? You know, because a lot of people get caught up in these situations where they have to put on for the world. They have to put on for media. They have to put on to try and prove that they, them people and


[User] Please transcribe this text

[Assistant] With me, I ain't, you know, I can walk in the room and I say a word and still be filled. Probably 10 times more than the person that's in there doing the most. Right. You know what I'm saying? So, growth now is a, I'm a lot more.


[User] Please transcribe this text

[Assistant] A lot more mature, but I have to be, you know, because everything I'm doing that from this point, it ain't about me, it's for the legacy of my kids and those I love. Right. Yeah.


[User] Please transcribe this text

[Assistant] We didn't have track listings, we didn't have none of that. You just get to type what you, once you hit play, what you get is what you get then.


[User] Please transcribe this text

[Assistant] Never forget once, the first time we've been on there. The first time he put us on there. He actually reached out and you know, he would come pull up on us. Cause he had relationships amongst all of us on his own, but.


[User] Please transcribe this text

[Assistant] That definitely changed because throughout the city of Houston, you don't know who it is. You don't know the artist or the name, but you may know that song. And then when people start putting the name with the face, it start growing you.


[User] Please transcribe this text

[Assistant] You give and take from your people. Like, I don't know if you're around somebody every day, you may pick up something from them or they may pick up something from you. And I always had the heart, but also being around him and the love we had.


[User] Please transcribe this text

[Assistant] I've always been accepted for me. You know what I'm saying? It's nothing, you gotta think, bringing your child on, on, on no jump or a breakfast club, probably wouldn't see people do it ever.


[User] Please transcribe this text

[Assistant] You can mark my words, in due time, you're gonna see people carrying their kids around to interviews if they feel need. You know, a lot of people, man, they don't, they don't,


[User] Please transcribe this text

[Assistant] Step out as far as being them. They still be kind, they still kind of be worried about what the next person going to say or how they going to feel. Yea, I just don't give a damn, man.


[User] Please transcribe this text

[Assistant] If you ain't been through what I've been through and just went through these obstacles, man, I'm not doing it for you. I'm doing it for me. So with that being said, I was.


[User] Please transcribe this text

[Assistant] I was always just me, you know, it'd be times, many times I'd be at screw house when everybody's rapping. I may be sitting in there playing the video game. I may be sitting there chilling or it may be times everybody chilling and talking. I may be just sitting in there with screw watching them mix. So it's like, I always just been my own person, you know.


[User] Please transcribe this text

[Assistant] I'm honestly cool with it both ways. The difference of back then when screw was living was he brought a lot of people.


[User] Please transcribe this text

[Assistant] Cube. It's like so many people were tied in different ways, but I think the difference of that now is.


[User] Please transcribe this text

[Assistant] Yeah, and then the difference of the game nowadays, which it ended up switching for the, for the best because you have people like us who came from


[User] Please transcribe this text

[Assistant] Yeah, so it's just, there's so many different ways with it now, but it worked out because


[User] Please transcribe this text

[Assistant] The streaming services and just even the situation as well. You may not be big to be on radio or anything like that.


[User] Please transcribe this text

[Assistant] I didn't even really find out about that till the last couple of years, so.


[User] Please transcribe this text

[Assistant] You gotta think man, when I went in, I had already lost.


[User] Please transcribe this text

[Assistant] Damn, that 10 years worth of money that I could have probably had and never knew nothing about.


[User] Please transcribe this text

[Assistant] Yeah, yeah, definitely man. But that's also the gift and the curse. You know, that was the curse part of it. But the gift is...


[User] Please transcribe this text

[Assistant] If I don't, if it's something I don't like and I don't stand for or believe in, I ain't gonna do it. That's just like if you was doing stuff that I felt.


[User] Please transcribe this text

[Assistant] At this present time, it's not enough of that, but I feel.


[User] Please transcribe this text

[Assistant] You know, and a lot of people be frustrated because they don't get that certain respect and when they don't get that respect back then they go to thinking we the bad guys or we be trippin' or... But it's all about how you come at a person. That's like...


[User] Please transcribe this text

[Assistant] I came here at the end of the day, I could have been in here like, I'm trade the truth, hurry up, sit down, let's do what we need to do. All I came here, hey bro, you good? What you got going on? Well, cool, let me figure out a way that we can try and help you with this. So, you know, like, it's just a different.


[User] Please transcribe this text

[Assistant] Genius, cause even though we have a reputation of what people feel like.


[User] Please transcribe this text

[Assistant] If you go to handling me a certain kind of way, I have to be what I was raised to be, you know what I'm saying, what I know.


[User] Please transcribe this text

[Assistant] And you know, it's so crazy, man. I'm one of the people when I do interviews, I don't talk, I don't like to bring up other artists. I don't do none of that because I just, I don't get involved in no type mess. Anything I need to handle, we handle it out there how it needs to be.


[User] Please transcribe this text

[Assistant] Spaz out on their managers and I have to even in the manager kind of you'll be looking at they don't really know what to do because one they need the job to.


[User] Please transcribe this text

[Assistant] They trying to make them happy, but they also trying to feed their family. So there's been times I had to pull artists to the side away from everybody like.


[User] Please transcribe this text

[Assistant] I mean that ain't the way to move cause if you reverse them shoes and that was your, your mom or your sister trying to manage somebody else and somebody handling them like shit, how would you take that?


[User] Please transcribe this text

[Assistant] And you have to bring it to them in that aspect and then they go to thinking like, well, yeah, they did mess up, but maybe I shouldn't have.


[User] Please transcribe this text

[Assistant] Went so hard on them, you know what I'm saying? Because they do fuck up. Different people fuck up, managers, I even had times like that. But, also be mindful to where


[User] Please transcribe this text

[Assistant] I don't go overly, overly extreme with it because it's like man, what if somebody did that to, to, to your people? That's like me. I don't, I don't run around the, if a bitch piss me off, I'm not going to slap upside the goddamn head. If anything, man, just.


[User] Please transcribe this text

[Assistant] Get your ass from around me. Imma get away from you. Because in my mind,


[User] Please transcribe this text

[Assistant] You see what I'm saying? So it's like, you have to just, you have to teach people like, man,


[User] Please transcribe this text

[Assistant] Just do all the others. You know it's so crazy to hear this. You know you heard her. I would assume you heard this your whole life. Do all the others that you would want.


[User] Please transcribe this text

[Assistant] As you get older and you know, a lot of people ask me all the time, do you think all this is going to change? I say, man, one thing for sure. It never fails either.


[User] Please transcribe this text

[Assistant] And then it is dope because you know I'm a transparent person so.


[User] Please transcribe this text

[Assistant] From people watching your interviews, they just think it's always going to be some bullshit, but not knowing that you can hold a simple


[User] Please transcribe this text

[Assistant] Uhm, the next video was sliding coming, but when you see that little, the truth, that's going to be something real. It's gonna open a lot of eyes. And the reason I'm saying that is you got a lot of fathers.


[User] Please transcribe this text

[Assistant] Bruh, that shit just don't even sound. You see what I'm saying? So.


[User] Please transcribe this text

[Assistant] They wear all, both pair of shoes. But then you do have some people that do do right, but we takin' up.


[User] Please transcribe this text

[Assistant] Cause the way they look at it in the system, as long as you ain't on drugs or


[User] Please transcribe this text

[Assistant] It's just, you can't fuck those situations like, like if you're familiar in Houston with the Malaya situation, well.


[User] Please transcribe this text

[Assistant] And you know one other thing, I'm speaking in the atmosphere.


[User] Please transcribe this text

[Assistant] I'm gonna make sure I get you in my quad tune too.


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[Assistant] This program contains violent imagery and graphic language which are not suitable for some audiences. Viewer discretion is advised.


[User] Please transcribe this text

[Assistant] For more on this and other Frontline programs, visit our website at pbs.org.


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[Assistant] Praying, they say, for peace and stability in a country that's known only conflict for nearly two decades.


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[Assistant] Where the fear of war is fast being replaced by a fear of repression.


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[Assistant] It's symbolized by the white flag of the Taliban militiamen, heavily armed religious students who patrol the streets, enforcing their vision of Islamic law.


[User] Please transcribe this text

[Assistant] Say one more. I like how monochromatic this, uh, color scheme is.


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[Assistant] I think it may have been too early in Bonn, uh, because the Talibs hadn't quite been defeated. There were still pockets of resistance and they regarded themselves as the legitimate government.


[User] Please transcribe this text

[Assistant] So for many in the US, it was too early.


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[Assistant] The main reason why it's hard to figure out why some of these species are in trouble is because they're only in our backyards for say three months of the year.


[User] Please transcribe this text

[Assistant] So migratory bird conservation has to be a collaborative effort with biologists all over Latin America.


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[Assistant] So you capture the birds in a mist net and you put a little metal leg band on the bird and then you hope to recapture that bird at some other point in its annual cycle.


[User] Please transcribe this text

[Assistant] But the recapture rates are incredibly low. They're less than 1%. So our thought was...


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[Assistant] Like information in the DNA of the bird to track the migratory movements. Then we can take a feather collected from anywhere along the migratory journey.


[User] Please transcribe this text

[Assistant] The Bird Genoscape Project is an effort to use genomic sequencing to understand the population-specific movements of migratory birds.


[User] Please transcribe this text

[Assistant] The original idea came from the co-director of the Bird Genoscape Project, Tom Smith, who literally just decided


[User] Please transcribe this text

[Assistant] So I live in Colorado now, but if I wanted to know where my ancestors came from, I might send my DNA off to a genetic ancestry service.


[User] Please transcribe this text

[Assistant] We collaborate with these bird banding stations which are all over North America and Latin America to collect feathers.


[User] Please transcribe this text

[Assistant] And we can tell you that this bird is actually a bird that might be found breeding in the Sierra Nevada mountains or New York or something like that. Which is really cool.


[User] Please transcribe this text

[Assistant] Once we have developed what we call the gene escape, the map of how populations are related on the breeding grounds, we can take any individual


[User] Please transcribe this text

[Assistant] The bird genuscape project for a particular species, uhm, is the creation of a map that details the


[User] Please transcribe this text

[Assistant] Genetically distinct lineages and where they're found on the breeding range, similar to the kind of map that you would find in a bird book, but in this case it's population specific.


[User] Please transcribe this text

[Assistant] People have dedicated their lives to knowing where this bird spends the winter. And we know now that it winters in specific areas in Costa Rica and Nicaragua. So now we can really focus our efforts to where they're needed. Which is super cool. That's the whole point.


[User] Please transcribe this text

[Assistant] Right now we're working on roughly 20 species of migratory birds and they're in various stages of development.


[User] Please transcribe this text

[Assistant] Our long-term goal is to map 100 species of migratory birds of higher conservation concern by the year 2025.


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[Assistant] There's almost always one piece missing. So we think that the Maya took one piece with them and perhaps buried it outside the cave.


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[Assistant] What's striking about this painting is that their representations are not of living beings.


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[Assistant] They are in the underworld, in the world of death.


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[Assistant] Know what's important, Marinette? That this trip helps you get some clarity.


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[Assistant] Awww. It's all my fault. You were perfect as always, Clausian. Please forgive me my friend.


[User] Please transcribe this text

[Assistant] I wouldn't have minded being stuck here a little longer with a friend like you.


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[Assistant] Something else has changed. He was wearing the necklace Lafayette gave to Washington.


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[Assistant] The Prophet of Truth ships breached the lunar perimeter, smashed what was left of the home fleet. Terrestrial casualties from the subsequent bombardment were... extreme.


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[Assistant] Truth could have landed anywhere, but he committed all his forces here, East Africa, the ruins of New Mombasa. Then they started digging.


[User] Please transcribe this text

[Assistant] Now the Prophet of Truth is looking for something called the Ark, where he'll be able to fire all the Halo Rings. If he succeeds, humanity, the Covenant, every sentient being in the galaxy,


[User] Please transcribe this text

[Assistant] But, if we neutralize one of the batteries, punch a hole in Trute's defenses,


[User] Please transcribe this text

[Assistant] Any birds less than five minutes out? Bring them in. Tell everything else to scatter.


[User] Please transcribe this text

[Assistant] We knew they'd find us eventually. But we have a plan. Let's make it happen.


[User] Please transcribe this text

[Assistant] This, this is where I call my home anyway, cause it's like, this is the most, uh,


[User] Please transcribe this text

[Assistant] Uhm, what's up? My name's Kid Leroy, obviously. Uhm, 15 years old. From reference in Australia. And I'm here today with M22. Thanks for coming down, bro.


[User] Please transcribe this text

[Assistant] You know, the demo effects and stuff like that. And then uhm, my manager now is Ziggy.


[User] Please transcribe this text

[Assistant] And uhm, I went back, I told all the boys and I was like, yo, alright, this man blah blah blah. Everyone was like, fuck, that's crazy, cause they're like the two main people that everyone's like, to them that's like the ultimate level of fame. You know what I mean?


[User] Please transcribe this text

[Assistant] Like I said, in Australia, none of this shit happens, you know what I mean? People like linking up with Adam 22, people meeting YG, this and that. That shit doesn't happen over here for rappers. So it's like a lot of people at first, kinda like some of them, like older people obviously, they're like, what the fuck is this kid just like an industry plant type shit?


[User] Please transcribe this text

[Assistant] It's like nah, that's not even how it is bro, it's like I literally just message people, who know people, who know people, hoping that they see my shit. I'm just on there emailing like everyday, there's really a hustle like.


[User] Please transcribe this text

[Assistant] Bro, honestly now, like, it's all about taking a chance, you know what I'm saying? It's all about literally taking a chance, and that's all it is. Uhm.


[User] Please transcribe this text

[Assistant] Oh, that's what I started calling my friends too.


[User] Please transcribe this text

[Assistant] Darken this tower and the barrier will fall. Go, Spark. You have no time to waste.


[User] Please transcribe this text

[Assistant] The flood scales the citadel's far wall. Activate this bridge oracle. Prophet will die by my hands, not theirs.


[User] Please transcribe this text

[Assistant] The US had abandoned us. The United States government officials were very clear that, uh, there was, uh, not to be.


[User] Please transcribe this text

[Assistant] Uh, the nature of the intervention that many Liberians expect.


[User] Please transcribe this text

[Assistant] They had a choice. They had a choice. I don't understand this notion


[User] Please transcribe this text

[Assistant] Of not having choice over the corpses of Liberians. What is that supposed to mean? Choice to, to become a lunch pad? To rain war on Liberians? I don't accept it.


[User] Please transcribe this text

[Assistant] Very clearly, that Firestone was in complicity.


[User] Please transcribe this text

[Assistant] Provided the rear base, the rear guard base. Provided the ammunition depot.


[User] Please transcribe this text

[Assistant] From which ambushes could be set and all of this could happen. That operation needed to be dismantled.


[User] Please transcribe this text

[Assistant] We out here in Perth. It's our third day, basically. And, uh, we're going to Street X right now. I guess there's a whole bunch of people waiting there. A little meet and greet. We got a collab that we did with them and everything. So, uh, let's go meet up with our Australian fan base. Or at least the percentage of our fan base who was willing to wait outside of a hot shop for hours. Let's go.


[User] Please transcribe this text

[Assistant] Hey, we're doing good in the, uh, public school, or no, private school, uh, high school region. That's all that matters. On to the salad, bro.


[User] Please transcribe this text

[Assistant] Big enemies like this gnorc with a club cannot be charged. But a quick flame, that should defeat them.


[User] Please transcribe this text

[Assistant] Hache, when these doors open, I need you to keep your head down and make a run for the truck. Move as fast as you can. Understand? Yeah, yeah.


[User] Please transcribe this text

[Assistant] Are those army guys still looking for me? Bagan Min will stop at nothing to get you back.


[User] Please transcribe this text

[Assistant] That's the golden path!


[User] Please transcribe this text

[Assistant] Right, Adam is 20 minutes in and he has two and a half dozen left. This oyster tower is my Everest.


[User] Please transcribe this text

[Assistant] Everest is, you know, certainly a very difficult endeavor, but it's not a very technical mountain. It doesn't require a lot of technical climbing skill. If you can just get yourself fit enough to keep putting one foot in front of the other, you can get up the thing.


[User] Please transcribe this text

[Assistant] Ah, the son of the great Mohan. Sabal tells me you're ready to learn what inspired your father.


[User] Please transcribe this text

[Assistant] Banashur, god of gods, sang the world into existence. For that, we give him thanks. We thank the gods for giving us life. Please, take an offering basket.


[User] Please transcribe this text

[Assistant] Wait, what? Em-embowel like empower? Well, that's an okay term. It still means disembowel.


[User] Please transcribe this text

[Assistant] No, I understand. I understand. I can't. I'm literally walking into a meeting right now.


[User] Please transcribe this text

[Assistant] Of course, now you know daddy has to work, so, a gift? Sure sweetheart, what did you want? A ring.


[User] Please transcribe this text

[Assistant] No, I, I don't think I've seen anything like that for you, sweetheart. I'm sorry. What else would you like? A necklace? Oh, a gold necklace. Well, actually, I think I see that exact thing.


[User] Please transcribe this text

[Assistant] Yes, of course it is shiny. Now listen, daddy has to work, alright? So I have to go. I, I love you too. Yes. Kisses, kisses.


[User] Please transcribe this text

[Assistant] Whenever he lost his balance, it fell from the tower. He laid it somewhere in this area here on the ground. And in this spiral wire up above was one of his tennis shoes and a warp belt.


[User] Please transcribe this text

[Assistant] The lanyards was all in the back of the supervisor's truck. Some of them were even in new packaging, never opened up.


[User] Please transcribe this text

[Assistant] And the employees all confirmed that's just the way they normally did things.


[User] Please transcribe this text

[Assistant] It just seems logical that whenever the carrier was here, that they had the possibility to know.


[User] Please transcribe this text

[Assistant] That these people were not being, were not tying off with personal protective equipment just like anyone else would have.


[User] Please transcribe this text

[Assistant] There was no way to prove that the carrier knew that they were up there and not tied off. And there's no way to prove to know that the carrier had been on the job site that day or the day before.


[User] Please transcribe this text

[Assistant] So the multi-layers protect them from liability.


[User] Please transcribe this text

[Assistant] The inside story of an age of easy money.


[User] Please transcribe this text

[Assistant] At the center of the debate are the actions of the Federal Reserve, which seems to have our economic fate in its hands.


[User] Please transcribe this text

[Assistant] Lately, it's been raising interest rates at the fastest pace in decades, trying to tamp down on inflation.


[User] Please transcribe this text

[Assistant] But for most of the past decade, the Fed was keeping interest rates incredibly low, trying to stimulate the economy, creating what has been called an age of easy money.


[User] Please transcribe this text

[Assistant] For the past two years I've been investigating the Fed and the far reaching consequences of its easy money policies. I'm game if you are. I'm definitely game. I've been speaking to current and former Fed officials.


[User] Please transcribe this text

[Assistant] The President and Congress spent hundreds of billions of dollars to restart the economy, but at the center of the rescue effort was the Federal Reserve.


[User] Please transcribe this text

[Assistant] Richard Fisher was the head of the Fed's bank in Dallas at the time.


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[Assistant] In normal times, the Fed's job is to promote employment and keep inflation in check.


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[Assistant] Primarily by raising and lowering short-term interest rates, making borrowing cheaper or more expensive.


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[Assistant] But amid the crisis, Fed officials decided to do something they hadn't done in half a century.


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[Assistant] They began dropping rates, eventually to almost zero.


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[Assistant] With Americans still suffering and the banking system on the verge of collapse, Fed officials there at the time told me they felt compelled to go even further.


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[Assistant] Quantitative Easing, or QE, was championed by Ben Bernanke, then the Fed Chairman.


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[Assistant] QE was an experimental way for the Fed to inject money into the financial system and lower long-term interest rates.


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[Assistant] Their hope was that the new money would help shore up the failing banks and get them lending again. It would become the heart of their easy money policies.


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[Assistant] Thomas Honig was the president of the Kansas City Fed and initially supported the quantitative easing plan.


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[Assistant] The task of managing most of the program went to Andrew Hussar, a former Fed official who was then working on Wall Street.


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[Assistant] The Fed began creating hundreds of billions of dollars to buy things like mortgage-backed securities and government bonds from banks and financial institutions.


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[Assistant] Sarah Bloom Raskin joined the board of governors while QE was already underway.


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[Assistant] The financial sector had begun to stabilize, but there were early signs that not everything would go according to plan.


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[Assistant] Instead, they were taking a lot of the money and investing it themselves.


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[Assistant] You were injecting money into the banks, more than a trillion dollars worth at that point, and what were the banks doing with that money?


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[Assistant] Hussar grew increasingly disappointed by the program and would eventually leave in 2011.


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[Assistant] Were you seeing that the banks were gaming the Fed? That they were in some ways...


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[Assistant] Taking advantage of this program that was intended to help the real economy.


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[Assistant] By the end of 2009, the banks were back to making money and paying themselves record bonuses while the real economy lagged.


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[Assistant] Fueled by the belief that government spending and bailouts had been out of control, and ordinary people weren't seeing any benefits.


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[Assistant] They were especially outraged by the $800 billion stimulus package that President Obama and Congress had passed in 2009 to get the economy going again.


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[Assistant] As Republicans swept the 2010 midterm elections aided by the Tea Party's growing influence.


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[Assistant] The prospects for Congress and the White House working together to pass another stimulus bill were growing dim.


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[Assistant] Was it palpable that the Fed was sort of the only game in town here?


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[Assistant] The Fed wasted no time. The day after the midterm elections, they took a dramatic step. Another round of QE. Not just to stabilize the economy, but to boost it.


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[Assistant] You're basically saying that because our democratic institutions are so paralyzed, and there's so much political dysfunction, that we as a society, we as a country have become overly reliant on the Fed to run things.


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[Assistant] In the early days of the Easy Money experiment, Fed Chair Bernanke promoted his plan, saying it would create a wealth effect, that boosting the stock market would make people feel wealthier and start spending again.


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[Assistant] Over the course of 2010, he argued against Bernanke's plan at every meeting and cast the lone dissenting vote eight times in a row.


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[Assistant] What were you most concerned about if easy money continued?


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[Assistant] On Wall Street, no one seemed to mind. The stock market rally continued.


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[Assistant] Mohammed Alarian remembers it well. He was running the largest bond fund in the world at the time and helped advise the Fed on its QE experiment.


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[Assistant] He shared with them his concerns that the markets were becoming dangerously addicted to the Fed's easy money.