Do you know who is really fearful right now in this new environment?! Successful people! Successful people are afraid of losing their jobs, retirement, savings, homes, and businesses. Successful people fear losing everything they have worked for and acquired. That’s the truth!
Institutional investors are buying up everything including estate. Now Bitcoin?! I’m going to continue to listen to Greg because he is brutally honest and I respect that!
This reminds me of the "unusual activity" phrase from the tech industry. It's a nebulous term. "We've detected unusual activity" from your network, in your account, etc. They frequently use "unusual activity" as an excuse to act an ass towards you in some way.
Think of bitcoin as a pile where people around the world are piling money. It does not give dividend, produces nothing, has zero intrinsic value, does not pay interest, coupon..nothing. On top of that we have 11000 coins and more coming. So unlimited supply.
But people are piling in because they they are convinced that n number of more people would pile in then they can get out at the top. Govt. loves it because they want the pile to go higher. When everyone piles in, govt. will shoot in the air and ask everyone to run away .. i.e. tax it at high rate , create regulation and ask people where they gotten their wealth.
UK and US love it because it facilitates billions of blood money from corrupt countries like Russia to be transferred over to London housing market or NY wall street etc. easily. Millennial love it because with $4000 in total savings, it's very urgent for them that those 4000 become 25000 asap. Who wants to buy $4000 worth of XLF or GS or some growing real business any more and wait 5 years for it to double ? However, while this drama is on, we can as well make money on the long side.
There is nothing de-centralized. There is a group of core developers who commit and control the repository. Bitcoin is WAYYYYYYYYY more centralized than Wells Fargo or Goldman Sach imo because there is not even an oversight by the govt. All the sheeple have trusted their life savings to a group of core developers. Github itself is owned by microsoft. You can check out the code and spawn your own bitcoin whenever you want and call it Platinum coin or whatever you like.
Do you know who is really fearful right now in this new environment?! Successful people! Successful people are afraid of losing their jobs, retirement, savings, homes, and businesses. Successful people fear losing everything they have worked for and acquired. That’s the truth!
Institutional investors are buying up everything including estate. Now Bitcoin?! I’m going to continue to listen to Greg because he is brutally honest and I respect that!
Institutional investors are buying real estate and land. Now I’m seeing plans to take down old and aging houses.
A huge financial tsunami which knows no borders is sweeping the world.
Successful people fear losing what they already have!
Physical Silver is looking better by the moment!!!
Yes
This reminds me of the "unusual activity" phrase from the tech industry. It's a nebulous term. "We've detected unusual activity" from your network, in your account, etc. They frequently use "unusual activity" as an excuse to act an ass towards you in some way.
The BIG fish are going after the smaller and slower fish.
I think whether the investment banks and bankers have oil targets for future oil
pricing, the only thing they are aware of is that everything in the economy is entangled
with other indices. For instance, you can drive up the oil prices and juice the financial
markets and oil "but" that inherently then goes down hill into the economy with higher
gas prices, higher diesel prices(*So your truckers-shipping costs) so everything goes up
in a fibonacci spiral. So, the average schmuck can't buy as much gas or diesel and limits
driving and then limits his shopping thereby "reducing" economic activity. When the price
of any thing gets too high, then there are limits in terms of peoples wallets/ability to pay
and so it "changes their behavior" in the most realistic terms in their own real lives economically.
When people begin to conserve, drive less, buy less this has the exact inverse and negative
effects on your economy as well as consumption of the higher cost commodity or objects.
This also inadvertently fuels counter oil industries as it makes electric or other fuels more
attractive to the consumer with each price spiral upwards. This would be considered the
inter relationship universal law that applies to all inter related economic and social interfaces.
Consequently, the bankers may wish the oil to rise but they also are smart enough to know that
"too much" of any indice into the economy can kill the goose that lays the golden eggs.
JPM is out with bullshit to drive gold down and pump bitcoin
https://www.nasdaq.com/articles/jpmorgan%3A-institutional-investors-are-favoring-bitcoin-over-gold-2021-10-07
Think of bitcoin as a pile where people around the world are piling money. It does not give dividend, produces nothing, has zero intrinsic value, does not pay interest, coupon..nothing. On top of that we have 11000 coins and more coming. So unlimited supply.
But people are piling in because they they are convinced that n number of more people would pile in then they can get out at the top. Govt. loves it because they want the pile to go higher. When everyone piles in, govt. will shoot in the air and ask everyone to run away .. i.e. tax it at high rate , create regulation and ask people where they gotten their wealth.
UK and US love it because it facilitates billions of blood money from corrupt countries like Russia to be transferred over to London housing market or NY wall street etc. easily. Millennial love it because with $4000 in total savings, it's very urgent for them that those 4000 become 25000 asap. Who wants to buy $4000 worth of XLF or GS or some growing real business any more and wait 5 years for it to double ? However, while this drama is on, we can as well make money on the long side.
Who controls Bitcoin software ?
https://bitcoin.stackexchange.com/questions/1530/who-controls-the-bitcoin-software
There is nothing de-centralized. There is a group of core developers who commit and control the repository. Bitcoin is WAYYYYYYYYY more centralized than Wells Fargo or Goldman Sach imo because there is not even an oversight by the govt. All the sheeple have trusted their life savings to a group of core developers. Github itself is owned by microsoft. You can check out the code and spawn your own bitcoin whenever you want and call it Platinum coin or whatever you like.
How Facebook Collects and Uses Your Personal Data and How to Stop It
https://www.privacyaffairs.com/facebook-data-collection/
Have a good week-end Greg! Gonna miss you tomorrow. Hugs..