Needs more Bitcoin (much more).
Money printing, inflation, collapsing currencies…all money will be looking for hard assets. The wrong percentage of BTC is 0. If anyone hasn’t done their own deep dive into this, then I’d encourage you to do it sooner rather than later. There are plenty of good podcasters on YouTube or books.
Gold will also do well over the next decade relative to shares, bonds etc, just not as well as BTC.
US cant afford a recession- they are a thing of the past. Governments can’t afford the hang over so they keep drinking; M2 money supply world wide is at all time levels and the USA is about to turn on the money printer too - later this year or early next year. Just in time for Trumpies mid terms and some nice stimulus to give the illusion everything is ok. To be fair to him, he inherited a ■■■■ sandwich.
USA is so reliant on their wall st tax receipts that and recession would be (even more) catastrophic for their massive debt levels…..in a similar fashion that if Australia didn’t artificially keep the housing prices up the banks would be insolvent (most of their debt is tied up in housing, not business now days - yay, unproductive debt!). Our tax receipts on property is a big chunk of GDP.
Keep an eye out for Japan, they’re coming to the end of of their ability to stay solvent. Won’t take much for their head to dip below the water, then it will be fun times globally?
Not trying to get into a religious war, but Bitcoin = a hard asset? LOL.
Nah, not a religion, but it bloody interesting
However..…Fixed supply. Peer to peer. immutable open source code. Rules not rulers. Decentralised - no one controls the network and can ■■■■ with it. Forget the other ‘coins’, they’re mostly solutions trying to find a problem that doesn’t exist (at best).
it’s a store of value. It can also be transacted with (adopting is at the starts of an S curve albeit still early).
You only have to read the room to realise that governments after many years of trying to kill it, are now in the race to legislate it - they know.
there’s likely to be a currency reset over the next decade. Bitcoin and gold will be at the heart of it. Central banks have been buying a tonne of gold because they don’t want to touch the US bonds/treasuries. Bitcoin usually lags Gold but will run higher. Central banks won’t stack BTC yet, that will take longer (some are though) but institutions, retail will flood it when the money runs hotter.
Hey you may be a gold bug Peter Schiff fan boy, but I’ll raise you a Lawrence Lepard or Michael Saylor who actually understand it and hard money.
Japan, Italy, France, US + Britain are all in trouble. Normally, they use inflation to inflate their debt % away…not this time.
Source: The Economist:
Unfortunately even modest budget targets are hard to hit if you start far away from them. In Britain and America, deficits are large. The belt-tightening needed to stabilise the debt-to-GDP ratio exceeds 2% of GDP; in France it is greater than 3% of GDP. Another problem in Europe is that taxes are high as a share of GDP, limiting the scope to raise them without doing excessive economic damage. Of the G7 group of big rich economies only Canada enjoys low debt, a small necessary adjustment and the space to raise taxes. France looks bad by all three measures. Things look worse still when you consider the coming wave of spending on ageing populations, defence and the climate transition.
Australia’s net debt to GDP is 32%…
Interesting. Not meaning to be a pedant, more add to that. Japan hasn’t been using inflation to wipe out its debt because it’s been in a deflationary slump since 1991.
That Japan hasn’t fallen apart due to this is crazy impressive. If anyone has been to rural Japan, you’d know the feeling of a place that is crumbling from demographic collapse, but still somehow working.
I agree, they’re in trouble. I suspect this is why the EU is trying to utilise the citizens saving to invest back into Europe and selling it as ‘in the citizens best interests’. That combined with the whole digital ID and central bank digital currency (CBDC) is actually pretty scary tbh.
Agreed. I think they’re at risk of breaking with the new government and their new plans to stimulate (print, print, print!). Next 5 years will be interesting to say the least.
AGMs this week
What brokerage account providers do people recommend for buying US stocks as a beginner investor?
Please and thank you
Pearler and selfwealth are 2 that have been suggested to me
At least the (slightly less) stocks plummet overnight just got them back to where they were a week ago.
Also, nice to visualise crypto as fiat 
