Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the Big Picture Power Shifts remaking our world.

What's going on, guys? It is Monday, October 30th, and today we are catching up on Sam

Bangmanfried's second day of testimony. Before we get into that, however, if you are enjoying

the breakdown, please go subscribe to it, give it a rating, give it a review, or if you want to dive

deeper into the conversation, come join us on the breakdown Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod.

All right, friends, well, we are back with another SBF trial show and listen.

For the next few days, we are likely to be knee deep in this stuff.

Sam's testimony on Friday had a lot more details and we got a much bitter picture of how he is trying to

contradict the witnesses that came before him, which is where we're going to spend a ton of

emphasis today. And even as I am recording, he is being cross-examined right now and by all

accounts, it is not going well. So what you can expect is probably for the next couple days,

or at least today and

tomorrow, there is going to be more SBF than probably any of us would really truly like. But then,

God willing, we won't really have to talk about this as much anymore, at least until his

second trial next spring. But that is the plan, that is the skinny. That is the important thing,

and so that's what we will cover. Now, one additional note. Later in the week, I am heading off for a 10th anniversary

trip that is happening Thursday through Monday, and so basically for the first time ever,

the breakdown will be going on a short hiatus. I will, however, be back on Tuesday the 7th.

So let's get into the SPF trial. As I mentioned, on Friday, Sam

Bagmanfried once again took the witness stand to deliver his version of events, and this time it was

in front of the jury. You'll remember that the previous day had seen Sam present a range of

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