Episode Transcript
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Speaker 1 (00:00):
Welcome to the daily dose of Domitriacts, brought to you
by Dillingham dot com spell d I won one I
on gham dot com in top level. Here is your host, Luthrusdmitriax.
Speaker 2 (00:11):
Welcome back, ladies and gentlemen, to your daily dose of
dimitri as. I'm your host as always Lutherans Dmitriax.
Speaker 3 (00:20):
This is.
Speaker 2 (00:24):
An honor to be here today with you all. On Wednesday,
October twenty ninth, two fifty seven Central Standard Time. It's
raining here in good old Evansville, Indiana, having a good
old time, you know, just laying low as usual, enjoying
life to the fullest of my video game ability, and
(00:49):
probably gonna get a Papa John's pizza today, you know,
just laying down the law of not giving a fuck. Really,
what am I trying to create, ladies and gentlemen. Nothing? Really,
(01:09):
what am I trying to create?
Speaker 3 (01:11):
Anyway?
Speaker 2 (01:28):
But welcome everybody. As we slowly fade into winter, remember
that this season will drain you of your energy. The
lower temperatures will take away your will to live. The
dryer air will suck away your will to live. Just
(01:49):
stay hydrated, right, take showers daily. Fight the good fight.
I'm still going to be doing podcasts. You know. I
never quit. Ladies and gentlemen, I never quit. I just
get bored and change my name to an alias that
I warned you all about, and then pretend like I
didn't exist or made myself look really bad, whatever the case. Look,
(02:17):
we're here for entertainment purposes, right, Let's let the interesting
facts for curious minds entertain us with a random fact
brought to you by Red Panda Press, written by Jordan Moore.
Thanks guys for permission to read these. This is from
the Till Death to Us parts section. Most English speaking
(02:37):
countries began allowing no fault divorces in the early nineteen seventies.
California was the first US state to allow no fault
divorce in nineteen seventy. If you're gonna get a divorce, guys,
(03:01):
don't get married. Simple. You're paying money on the way
in and on the way out with divorces. Ladies and gentlemen,
just don't get married. It's simple. Everyone that has ever
gotten a divorce tells me, don't get married. It's simple. Guys,
just live with them. If they don't have health insurance, sorry,
(03:27):
you probably don't either. This is America right, who has
health insurance in this country? What we do here is
go over headlines. It started off small, and it's still small,
(03:48):
but we keep going, Ladies and gentlemen for that sweet
sweet ad revenue of ten cents a month. FED cuts
rates for the second time this year. Will end balance
sheet runoff in December. CNBC. Two hours ago, CNN Federal
(04:10):
Reserve cuts rates to lowest level in three years. CNN.
San Francisco Chronicle What a Federal Reserve cut means for
your finances. San Francisco Chronicle again wrote that Fox Business.
FED cuts interest rates for second time this year amid
labor market weakness. We're gonna read the FoxBusiness dot com
(04:36):
news about this. Okay. The Federal Reserve on Wednesday and
els it's second interest rate cut of this year. Has
policy moved to support the labor market despite inflation remaining
above these central banks target. FED policymakers voted to lower
(04:56):
the benchmark federal fund rate by twenty five basis points
to a new range of three point seventy five percent
to four percent. The move follows a rate cut of
that size in September, which was the first reduction this year.
Policymakers have been monitoring economic data, which has shown slow
down in the labor market in recent months as businesses
grapple with changes in trade and immigration. Meanwhile, inflation is
(05:18):
trended higher as terror related price hikes filter into government data.
Those trends have with the FED in a bind as
it looks to fulfill its dual mandate goals of stable
prices in line with the two percent long run target
for inflation, as well as promoting maximum employment. The Federal
Open Market Committee FOMC, which guides the central banks monetary
(05:42):
policy moves, noted in its announcement that there are risks
to both sides up its dual mandate as job gains
have slowed this year, with the unemployment rate edging higher
but remaining relatively low, while inflation has increased and remains elevated.
Omc's vote in favor of the rate cut was ten
(06:02):
to two. Governor Stephen Moran dissented in favor of larger
of a larger fifty basis point cut, while Kansas City
FED President Jeffrey Schmid was opposed to cutting rates. At
this meeting, FED Chair Jerome Powell said at the post
announcement press conference that policymakers remained focused on the dual
(06:24):
mandate and noted that while the government shutdown has delayed
some important economic data from federal agencies, of public and
private data available suggests the outlet for employment and inflation
has not changed much since our meeting in September. Although
official employment data for September are delayed available eleven, it
(06:44):
suggests that both layoffs and hiring remain low, and that
both households perceptions of job availability and furness perceptions of
hiring difficulty continuing to decline. Powell said, inflation for goods
has picked up. In contrasts this inflation appears to be
contill continuing for services. Near term measures of inflation expectations
(07:10):
have moved upt on balance over the course of the
year on news about tariffs, as reflected in both market
and survey based measures. Pal said, noting that longer term
expectations remain consistent with the two percent inflation goal. We
remain committed to supporting maximum employment, bringing our inflation sustainability
(07:34):
though our two percent goal, and keeping longer term expectations
well anchored. Powell explain our success in delivering on these
goals matters to all Americans. We understand that our actions
affect communities, families, and businesses across the country. Everything we
do is in service to our public mission that just
goes on and on, right, you know, it's just AI
(07:59):
is going to take warn Johns. It is what it is.
Markets reacted somewhat negatively. Not too bad though. Hurricane Melissa
leaves dozens dead in trail of destruction across Cuba. It
(08:23):
looks like this. Sorry, this headline trailed off Haiti and Jamaica. Awful.
Take cover out there, guys man. This is exactly why
I don't live on an island for real, just living
in good old Evansville, Indiana. You know, apparently it's not
(08:53):
safe to give out my home address, so I'm just
not gonna do that anymore. Just ignore. I gave it
out on previous EPISOD, so I was just ignore that.
You know, don't do that. It's not a good idea
to let people know where you live. I mean, in
my case, only attractive women have come seeking out your
boy Lutherans. It's worked out very well in my favor.
(09:17):
But that's just me. I'm not gonna This is not
sex life advice, you know, I don't do this. I'm
not trying to tell you how to live your life,
but it's probably unless you want a bunch of beautiful
women to come into your house that want to have
sex with you because you have an incredible velvety online
(09:39):
persona in your podcast like I do. Don't give out
your address. Israeli Army says cease fire and guys are
resumed after strikes. Okay, is anyone surprised that this is
just going to keep going and that Israel doesn't give
(10:01):
a fuck Virginia Snap substitutes roll out weekly through November,
so allegedly they're taking away food stamps. Not a good thing,
and I guess Virginia has a solution to that problem.
They really need to get this shit going back up, Guys,
(10:23):
I don't know what's happening, Like if everyone's like scrambling
to hide because this is about the Epstein list, or
you know, Israel has all these people buy the balls.
I don't know where this is gonna end up, ladies
and gentlemen. I just hope for the community. For society's sake.
(10:44):
In the United States, people that depend on services like
food stamps, disability, all of these things get money that
they're entitled to and that this doesn't continue to affect
the country.
Speaker 4 (11:02):
Right.
Speaker 2 (11:03):
Really hasn't done much yet, but we'll see what Virginia's
doing here. Virginia's budget surplus will fund a state level
replacement for the Federal Supplemental Nutritional excuse me, excuse me,
Federal Supplemental Nutrition Assistance program should the federal government shut
(11:27):
down continue into November. Okay, good, so this is going
to cover everybody. Dubbed Virginia Emergency Nutrition Assistance or VENA,
the newly created program is expected to send money to
SNAP beneficiaries electronic Benefit Transfer cards starting on November third.
SNAP typically helps low income earners and people who can't
can't work afford groceries, but the US Department of Agriculture,
(11:50):
which oversees the program, has told states to pause payments
until further notice starting November first. The federal government has
been shut down since the beginning of October as members
of Congress failed to agree on annual appropriations bills and
several attempts at a short term spending bill that could
end the shutdown. VENUS payments will roll out in weekly
(12:12):
waves every Monday, Wednesday, and Friday, and follow snap's model
of disbursing funds to a third of beneficiaries each time.
With SNAP, a third of people are paid on the
first of each month, I know, the third gets paid
on the fourth, and the last group gets their benefits
on the seventh. Unlike SNAP, however, people can expect ving
(12:33):
a month money weekly, rather than their month's allotment all
at once. Young can estimates that about thirty seven point
five million dollars will be allocated per week to Virginia's
roughly eight hundred and fifty thousand SNAP recipients. Because we
are designing this in real time, we need to pay
the first benefits on Monday, Governing Glenn Young can say
(12:55):
as henails details of the new program at the Capitol
on Tuesday afternoon. Young can acknowledge the hardship recipients may
face if they had expected their normal SNAP payments on
the first of the month, which is a Saturday. To
remedy that problem, he directed one million dollars to the
state's network of food banks to help bolster their support.
Last week, Virginia's food banks had cautioned they could not
(13:18):
fully absorb the spike of Virginia's SNAP beneficiaries that would
flock to them for help. Young Cain said that he
anticipates Virginia can operate the program through the end of
next month, but he hopes that Congress can end the
shutdown before then. Part of his intentions simmer and amid
shutdown social programs held hostage, the governor cast to blame
for the shutdown and impending snap freeze on Democrats in Congress,
(13:41):
where Republicans hold the majority. To be honest, I think
our nation will be in a state of complete dis
array if the Democrats in the Senate continue to drag
out this complete shutdown in hostage taking that they have engineered,
Young Cain said. He suggested that Democrats in Congress are
essentially putting programs like NAP at risk, which continues to
(14:01):
just absolutely defy any sense of reality. His remarks echo
that of politicians nationwide who have played a blame game
about who's at fall for the federal shutdown and its
effect on states. Trump is an out of country on
and out of country trip to asiawaile the US House
of Representatives has not gabbled into session more than a month.
(14:25):
The US Senate has continued to meet, but has also
failed to agree upon continuing resolutions. A key sticking point
for Democrats has been an attempt to extend expiring Affordable
Care Acts subsidies that the Republican controlled Congress left out
of their reconciliation bill this summer. Those subsidies help low
(14:47):
income people who don't qualify for Medicaid to be able
to purchase health insurance on their own. Goes on and on,
so good luck to everybody. Seriously, man, this fucking sucks, y'all. Fuck,
(15:21):
it's sad to me, right. We can't find a way
to feed Americans, but we can find a way to
blow people up in Guyza, When does the world heal?
Ladies and gentlemen? Has it always been this way? As
(15:46):
my father would say before he died and when the
second World Trade Center building fell to the ground my
mom died in the first one, my aunt in World
Trades are Building seven. But my father would say, it's
always been this way, It's always been corrupted, it always
(16:06):
will be nothing. Well, humans will always be this way?
Will AI change this? Will us merging with technology change this?
Ladies and gentlemen, I don't know three words in Letitia
James mortgage contract could doom the fraud case against her. Politico,
(16:31):
what are the three words we talked about her? I
guess I should read a little bit into this. Right,
this was dropped today. There's a lot of ads on
this page, so it's slowly loading. Good old Politico.
Speaker 4 (16:48):
Right, you know, I really I like it to James.
Speaker 2 (17:00):
I hope she makes it through this. Okay, this page
is still attempting to load. Come on, baby, let's go anything.
I'm looking for anything else while we're waiting on this here.
(17:21):
It may never load. Ladies and gentlemen, we may not
know what those three words are. I am rich. Those
are the three words. I have money. Those are the
three words that will doom the fraud case against her. Right,
(17:45):
Ladies and gentlemen, I have lots of money bank account,
big Right. Those three words will help anybody in a
case against them very quickly, no matter what that case
is at just as Diddy right. Fuck it, it's not
going to load. I see nothing else of interest to
(18:06):
read about either. Let's check out the markets. XRP currently
at two dollars and fifty seven cents today, Ladies gentlemen
(18:27):
dropped a little bit. Sah's biggest drop two point three
nine percent point zero one two since big points at
one hundred and ten thousand, five hundred and twenty one
dollars two point one three percent down two thousand and
four and four dollars down. Not major losses today again,
(18:50):
XRP two dollars and fifty six point seven cents one
point four percent down. XLM is actually up a little
point two one percent, thirty one point nine cents almost
thirty two cents. H bar is a twenty cents three
percent of today. This is good, guys. I think most
(19:14):
likely with the Fed lowering, we'll see numbers pop up
again tomorrow. I hope everything at least is still somewhat stable,
unlike tariff news, which seems to crash us every time.
This is gonna be a short one today. I'm just rain.
I'm under the rain. I'm under the weather, Ladies and gentlemen,
(19:35):
I'm not feeling it today. I usually get up looking
forward to these podcasts.
Speaker 5 (19:42):
And yeah, anyway, this is your boy Luther as Dmitriax
aka John Dillingham because I'm bored, just using a different name.
Speaker 2 (19:56):
Totally out of boredom. I know who I really am.
I promise you guys, and I love all you. I
want you to live strong and die happy every day.
See you guys on Friday. Peacem