The question is. Greg, what are you doing? Is crypto considered a risk asset? I’ve only heard you say it’s risk off,which makes sense based on the debt. Do you still feel this way?
My risk tolerance is in the stratosphere. I am going to sit tight and looks for more opportunities. I will talk about this in my blog- post market. Crypto, IMO, is an asset class which will 2-3X its market cap once the debt bubble bursts.
of course it is. Its a theory that money will flow into Crypto and other cold hard assets. Is it likely ? I think it very well could be that crypto like BTC will do very well. Because people wont have time to get into gold and silver. This is the next best thing.
Crypto exists thru mining. Mining is dependent upon ELECTRICITY. What's going to happen to that market if the grid is attacked? Sure, mining will continue in countries/areas where the grid is intact. But what about the data? How much will be lost? AND ... say you're in an country or part thereof where the grid that's servicing you went down, will your crypto account be recoverable when it's back up? And, if so, will the balance be where it was when the system went down or will there be calculations to bring you up to date?
Course no one can answer these questions and that's the point. Crypto is the wild, wild west of investing. And not because of the block chain system, but because that system can be wiped out because it runs on electricity. To think there's databack ups or that someone/some company is going to care or be able to fix your account after systemic catastrophic failure is pie-in-the-sky thinking. WILD. WILD. WEST.
Banking itself is dependent on electricity. Let the grid go down and banking will cease. Payments are made electronically. So...if you're holding cash, you're no better off than crypto holders. We are all dependent on electricity.
True about dependency, but there's significant differences. Banking/investment banking are highly-regulated sectors with layers of protections for consumers i.e., FDIC and volumes of laws regarding data capture/retention. While b/ib are conducted in the ether, its roots are in brick 'n mortar with headquarters, tangible currency for immediate transactions, hardcopy records and hundreds of thousands of local locations for consumers to conduct business. All this provides transparency and accountability in that we know with whom we're dealing and physical locations provide a means to sue. Conversely, crypto exists nearly in its entirety in the ether. Are these sellers complying with data preservation laws? Guess we'll find out. Do we even know whether these crypto sellers/miners are American businesses or multinational? BIG DIFFERENCE litigating to get your assets back even with minted coins.
Here's what I see ... when the grid goes poof, so will the crypto sellers. They'll disappear from the face of the earth and leave behind buildings filled with smoldering banks of scrap metal. Then, try to find an attorney with expertise in international banking with crypto experience that you can afford.
Ok thanks for the reply Greg. i appreciate your work and all your efforts. the tough part will be timing the bursting of the debt bubble. if i have any update or findings after my research i’ll let you know. hopefully we are close. the debt is sky high and the dollar is near a major resistance.
I'm PRAYING that crypto goes down 👎 99.997% from its current prices. 🙏 I got one more stash of dry powder left that I'm holding to GO ALL IN once it hits bottom 😃
Some gurus are saying they expect Bitcoin to hit $20k. I'm a Bear 🐻 so yes, I'd be happier-n-hell if Bitcoin DROPPED down to 20k. YES YES! Eeeeeeeheheheheheeeeee! 😃👍💪🤩🐻📉
What I'm feeling is that the MM's STILL aren't happy with their crypto holdings. HODLER's are still holding too many coins and the MM's want to shake them out of those coins.
Buy coins that are locked and won't be minting anymore. Yes, I definitely think Bitcoin $20k is a possibility, but I'll be doing a Hawkeyes stare at $30k in case it bottoms out at that price point.
Down, down, down she goes, where she stops nobody knows. Heheheheheeeee! 😆😂😆👇📉📉📉👎👎👎
YOU, my intelligent friend allowed the FED to absolutely DESTROY the economy of the United States. YOU my illustrious friend, allowed Trump to appoint Fauci to jab up your 5-12 year old children with graphene oxide, alien mRNA, metal nanoparticles to the point where they are showing up on my phones available Bluetooth devices as "Miscellaneous" with some of them dying from heart attacks, .....to allow all that to happen is the very DEFINITION of insane.
YOU my lovely friend 🌹fit perfectly the definition of insane. I love you 😘💞
Market seems like will keep going down until the fed reverses. Fed was the only hope for this market and they are raising rates 50 basis point , talking about qt and so on .
All bad for the market. Rising rates will kill housing also. So will buy after FEd reverses
Plot out the SP500 vs. the Federal Funds Rate over the past 50 years. Careful what you wish for. If the Fed started cutting now the markets would most certainly panic.
Does anyone know if Mr. Pento has released a new video since Greg shared that last one? It would be interesting to hear his view along with Greg’s guidance.
Mr. Pento seems to believe that it's possible for a president to nominate a Fed president who would establish a sound monetary system. That can never happen because the president and all of the rest of what should be our government is under the control of the jewish banking cabal. The president is their puppet who must nominate who they want. Mr. Pento might be right about other things, but that's a huge miss if he doesn't know that's how things work. I base this comment on what he said in his latest video:
I have wealthy friends who have no clue about the government and the order of things. Shocking to me. I mean like they have money and yet have no idea about authority and power and higher power.
Thank you . I’ll listen to this tonight. I listen to a select few and then form an opinion. It is a shemitah year and whether one believes in it or not some do and are saying all crashes happen in a shemitah year.
The time to be really concerned is if it looks like a newsletter is overdue and you pull up the website and it says "This domain for sale". Then you know it's time to panic.
I am calm today. Thank you Greg. Just relaxing and watching the 10 year and dollar index. Going to bake some cookies and get the milk ready. The smell is quite nice.
Check the turkish stock market chart. Or Caracas. You will see how a inflationary market looks like. Let's expect that in synchronisity worldwide. That will be the time the German phrase "Gold hat man oder hätte man gern gehabt." will become true ... again.
Greg, great job in today’s afternoon market update. I have a low capacity for risk and recently cashed out on a large portion of equities. Thankful to get the returns of the recent years. I may be down 15% from record highs but still made good profits. No shame in getting out when you know your limits! Sitting on the market sidelines until things cool down. Continuing to add gold and silver. Thanks for doing what you do!
Just a suggestion but I have recently started listening to your content on YouTube, thank you for creating it, and I’m slowing piecing together your thesis. It would be great if you could produce (perhaps once every few months or every time the old one becomes out of date) a bit of a summary video that would help people new to you really understand what you’re talking about and learn/see some of the key fundamentals that have contributed to your prognosis. If I wanted to send a friend to you to listen, there is no one video that doesn’t kind of rely on having heard a bunch of your previous stuff if you get what I mean.
And I haven’t yet heard you explain anything about what you think may finally pop this debt bubble other than looking for a spiking yield on the ten year? Is there other charts or thresholds you’re looking at or what other dynamics are key for this to happen? Have you looked historically and identified the actual precursor events? With every freaking thing happening in the world/economy/markets in the last couple of years, if none of that is capable of ending this thing then what’s to say it couldn’t go another 10 years, another 20!??
The question is. Greg, what are you doing? Is crypto considered a risk asset? I’ve only heard you say it’s risk off,which makes sense based on the debt. Do you still feel this way?
My risk tolerance is in the stratosphere. I am going to sit tight and looks for more opportunities. I will talk about this in my blog- post market. Crypto, IMO, is an asset class which will 2-3X its market cap once the debt bubble bursts.
The crypto market cap will be at least $7 trillion by December 31, 2023 @11:59pm. Hope you load up. 😃
Crypto seems to be tied with the Nasdaq. When Nasdaq goes up so does Crypto and when Nasdaq goes down Crypto goes down as well.
When the debt bubble pops do you see the two going their separate ways?
of course it is. Its a theory that money will flow into Crypto and other cold hard assets. Is it likely ? I think it very well could be that crypto like BTC will do very well. Because people wont have time to get into gold and silver. This is the next best thing.
Crypto exists thru mining. Mining is dependent upon ELECTRICITY. What's going to happen to that market if the grid is attacked? Sure, mining will continue in countries/areas where the grid is intact. But what about the data? How much will be lost? AND ... say you're in an country or part thereof where the grid that's servicing you went down, will your crypto account be recoverable when it's back up? And, if so, will the balance be where it was when the system went down or will there be calculations to bring you up to date?
Course no one can answer these questions and that's the point. Crypto is the wild, wild west of investing. And not because of the block chain system, but because that system can be wiped out because it runs on electricity. To think there's databack ups or that someone/some company is going to care or be able to fix your account after systemic catastrophic failure is pie-in-the-sky thinking. WILD. WILD. WEST.
Banking itself is dependent on electricity. Let the grid go down and banking will cease. Payments are made electronically. So...if you're holding cash, you're no better off than crypto holders. We are all dependent on electricity.
True about dependency, but there's significant differences. Banking/investment banking are highly-regulated sectors with layers of protections for consumers i.e., FDIC and volumes of laws regarding data capture/retention. While b/ib are conducted in the ether, its roots are in brick 'n mortar with headquarters, tangible currency for immediate transactions, hardcopy records and hundreds of thousands of local locations for consumers to conduct business. All this provides transparency and accountability in that we know with whom we're dealing and physical locations provide a means to sue. Conversely, crypto exists nearly in its entirety in the ether. Are these sellers complying with data preservation laws? Guess we'll find out. Do we even know whether these crypto sellers/miners are American businesses or multinational? BIG DIFFERENCE litigating to get your assets back even with minted coins.
Here's what I see ... when the grid goes poof, so will the crypto sellers. They'll disappear from the face of the earth and leave behind buildings filled with smoldering banks of scrap metal. Then, try to find an attorney with expertise in international banking with crypto experience that you can afford.
High Risk High reward. Your problems will be much bigger then money if there is no power grid.
All crypto is not created by mining my dear. Some crypto is simply "minted".
Yes you can also do proof of stake
Yes, recently ETH is 60% relevant to NDX.
Ok thanks for the reply Greg. i appreciate your work and all your efforts. the tough part will be timing the bursting of the debt bubble. if i have any update or findings after my research i’ll let you know. hopefully we are close. the debt is sky high and the dollar is near a major resistance.
Depends on risk tolerance. For me as I said, I will seek to own companies cheaper.
I'm PRAYING that crypto goes down 👎 99.997% from its current prices. 🙏 I got one more stash of dry powder left that I'm holding to GO ALL IN once it hits bottom 😃
Some gurus are saying they expect Bitcoin to hit $20k. I'm a Bear 🐻 so yes, I'd be happier-n-hell if Bitcoin DROPPED down to 20k. YES YES! Eeeeeeeheheheheheeeeee! 😃👍💪🤩🐻📉
What I'm feeling is that the MM's STILL aren't happy with their crypto holdings. HODLER's are still holding too many coins and the MM's want to shake them out of those coins.
Buy coins that are locked and won't be minting anymore. Yes, I definitely think Bitcoin $20k is a possibility, but I'll be doing a Hawkeyes stare at $30k in case it bottoms out at that price point.
Down, down, down she goes, where she stops nobody knows. Heheheheheeeee! 😆😂😆👇📉📉📉👎👎👎
Eeeeeeeeeeheheheheheeeeee 👍🤩🤩😹🤣😃😂😆😁😆😄🤩😍🥳🤗🥳🤣🤣
praying for cryptos down? to who? maybe 25,000 in BTC than up and away (I think).
To lower than my purchase price.
are you well.... in the head ? Ive seen many of your odd, weird, emoji infested comments.
You dont seem to be sane.
YOU, my intelligent friend allowed the FED to absolutely DESTROY the economy of the United States. YOU my illustrious friend, allowed Trump to appoint Fauci to jab up your 5-12 year old children with graphene oxide, alien mRNA, metal nanoparticles to the point where they are showing up on my phones available Bluetooth devices as "Miscellaneous" with some of them dying from heart attacks, .....to allow all that to happen is the very DEFINITION of insane.
YOU my lovely friend 🌹fit perfectly the definition of insane. I love you 😘💞
Hahahahahaaaaaaaaaaa! 🤣😂😁😆😹😄🤣😃😁😹😁😆🤣😂😹
Market seems like will keep going down until the fed reverses. Fed was the only hope for this market and they are raising rates 50 basis point , talking about qt and so on .
All bad for the market. Rising rates will kill housing also. So will buy after FEd reverses
Plot out the SP500 vs. the Federal Funds Rate over the past 50 years. Careful what you wish for. If the Fed started cutting now the markets would most certainly panic.
Ruble is up big-time against the dollar. New safety trade is on. Petro ruble is here
Well you better have a lot of patience! They’re not through raising rates.
Then there is no reason to be in the market. Raising rates , qt ..
I would like to short but now everything is so oversold
I’m low on trusting anything right now.
Does anyone know if Mr. Pento has released a new video since Greg shared that last one? It would be interesting to hear his view along with Greg’s guidance.
Mr. Pento seems to believe that it's possible for a president to nominate a Fed president who would establish a sound monetary system. That can never happen because the president and all of the rest of what should be our government is under the control of the jewish banking cabal. The president is their puppet who must nominate who they want. Mr. Pento might be right about other things, but that's a huge miss if he doesn't know that's how things work. I base this comment on what he said in his latest video:
https://www.youtube.com/watch?v=zGNXPracj4c
100% CORRECT! 💯
I have wealthy friends who have no clue about the government and the order of things. Shocking to me. I mean like they have money and yet have no idea about authority and power and higher power.
Thank you . I’ll listen to this tonight. I listen to a select few and then form an opinion. It is a shemitah year and whether one believes in it or not some do and are saying all crashes happen in a shemitah year.
agree
https://www.youtube.com/hashtag/michaelpento
https://www.youtube.com/watch?v=Gj9cqog7nw4
https://pentoport.com/
https://twitter.com/michaelpento
Thank you so much !!! I like to listen his videos !
What about the MMMRI?......it's at the Max on the Chart.
Yes, that also has my full attention.
Thanks for the update. Hold onto your hats!
The time to be really concerned is if it looks like a newsletter is overdue and you pull up the website and it says "This domain for sale". Then you know it's time to panic.
I am calm today. Thank you Greg. Just relaxing and watching the 10 year and dollar index. Going to bake some cookies and get the milk ready. The smell is quite nice.
nice day at a beach
10yr @ 3.048 - ugly day @ the market
bond mkt stable 10 yr holding just above 3 - no sign of implsion in bond mkt yet
There's no stopping this, now. Question is whether it's a major correction or financial armageddon.
I bet not the financial armageddon. Not yet. FIRST is has to be really bad for THE PEOPLE. Before it makes no sense.
Check the turkish stock market chart. Or Caracas. You will see how a inflationary market looks like. Let's expect that in synchronisity worldwide. That will be the time the German phrase "Gold hat man oder hätte man gern gehabt." will become true ... again.
Greg, great job in today’s afternoon market update. I have a low capacity for risk and recently cashed out on a large portion of equities. Thankful to get the returns of the recent years. I may be down 15% from record highs but still made good profits. No shame in getting out when you know your limits! Sitting on the market sidelines until things cool down. Continuing to add gold and silver. Thanks for doing what you do!
Hey Greg,
Just a suggestion but I have recently started listening to your content on YouTube, thank you for creating it, and I’m slowing piecing together your thesis. It would be great if you could produce (perhaps once every few months or every time the old one becomes out of date) a bit of a summary video that would help people new to you really understand what you’re talking about and learn/see some of the key fundamentals that have contributed to your prognosis. If I wanted to send a friend to you to listen, there is no one video that doesn’t kind of rely on having heard a bunch of your previous stuff if you get what I mean.
And I haven’t yet heard you explain anything about what you think may finally pop this debt bubble other than looking for a spiking yield on the ten year? Is there other charts or thresholds you’re looking at or what other dynamics are key for this to happen? Have you looked historically and identified the actual precursor events? With every freaking thing happening in the world/economy/markets in the last couple of years, if none of that is capable of ending this thing then what’s to say it couldn’t go another 10 years, another 20!??
It means the risk of volatility is high in the market and volatility works both ways
can you send out another discord link greg, one from april 25 doesnt work
what’s the discord link?
it doesn't work
Greg, in regards to Nato May 12 , huge panic sell off? Thoughts