European Central Bank’s balance sheet has almost doubled since 2020 and recently hit an all-time high at EUR 8.2 trillion. It’s now nearly 80% of the eurozone’s GDP, and it’s larger than the combined GDPs of Russia, Mexico, Indonesia, and Australia.
As America withdraws troops from Afghanistan, Western Union is suspending money transfers into the country. In other words, when Afghan citizens need their support the most, they shut down the operation.
Sounds like a nightmare, right? Like it can’t be possibly real?
But it is.
The company said this in a statement to Reuters:
“We recognize that our services provide a vital channel for our customers to support their loved ones, and we will continue to closely monitor this rapidly developing situation and keep our customers and associates apprised of any developments.”
Most Europeans and Americans don’t know much about…
Historically, investors have always turned to precious metals as a way to play rising inflation expectations. But over the last 12 months, holding bitcoin was a better decision over gold. Not to mention, it’s becoming increasingly clear that gold is seeing outflows while bitcoin is seeing inflows.
Last week, the ECB announced the decision “to launch a project to prepare for possibly issuing a digital euro.”
I already covered Central Bank Digital Currencies, or CBDCs, and their role in the “great reset” in my last year’s article.
But now, I want to take a closer look at what a digital euro would mean for the privacy and freedoms of people in the 19 Eurozone member states.
First, let’s define what a digital euro is. A digital euro would be an electronic form of euro notes and coins. Although the ECB claims that a digital euro would complement…
In case you missed it, May’s inflation jumped to 5% from 4.6% in April. The Fed claims that it’s transitory, but there is no such thing as transitory inflation. Once producers raise prices, they keep them high.
However, the biggest issue is the devaluation of the dollar. In other words, it’s not the prices of goods and services that go up. And what happens in the U.S. matters because 90% of all transactions occur in dollars or currencies pegged to the dollar.
That means that the euro also collapsed. And so did yen, yuan, Singapore dollar, or Swiss franc. …
To be an investor, you have to follow smart money.
In the traditional financial markets, the term “smart money” refers to Wall Street banks, financial gurus, or hedge fund managers who manage billions of dollars in client money. In crypto, smart money applies to the long-term holders, whales, and institutional players.
When you’re are new to Bitcoin, it’s essential to follow the smart money because they’re generally in tune with what’s going on before everybody else. In addition, they’ve gone through multiple cycles and experienced massive depths of Bitcoin. As a result, they have an edge in the markets.
Ray Dalio added Bitcoin to his holdings.
He recently said that he would “rather own Bitcoin than a bond.”
For those not familiar with Ray Dalio, he is the founder of Bridgewater Associates, the world’s largest hedge fund.
Dalio is the real deal.
When he talks, you can bet the smartest investors in the world are listening.
In addition, he’s a straight-up cool guy. He meditates, produces viral videos, and dedicates much of his time to educating himself and others.
I predicted this move by Dalio last year, but in retrospect, it was inevitable.
Bonds are in the biggest bull…
One of Warren Buffett many hidden quotes that stand out is:
“Rule Number One: Never lose money. Rule Number Two: Never Forget Rule Number One.”
Though one must not take Buffett literally, in this case, we’re are seeing something interesting happening now.
More than half of the world’s wealth is about to lose 90% of its value.
Here’s what I mean.
Out of $400 trillion of total global financial assets, $200 trillion is invested in debt-denominated instruments or bonds. …
Tesla has gone through plenty of smear campaigns by mainstream media and us the alternative analyst are already used to it. We follow it closely, ignore the noise and hold Tesla shares.
This quarter yet again, Wall Street and the media dramatically underestimated Tesla. Yet again. I don’t understand how these people are so far off the mark every single time. But that’s beside the point.
But, let me start from the beginning.
Tesla’s Q1 results were entirely uneventful. However, within this boredom, Elon Musk managed to drop three bombshells.
Let me walk you through.
Tesla smashed practically every record…