Tue, 13 April 2021
The new time dated Digital Yuan, the war on cash enters a new phase. Cash will now expire on a specific date or will start to lose value over time. It’s going to completely replace the paper Yuan. In this way demand gets stimulated. Saving is bad because it empowers individuals. How are you going to stash digital currency into a digital mattress. Las Vegas Musk’s Boring Tunnel System. The beginning of a major transition. Humans are going underground. The world becomes a national park. Minneapolis Chauvin trial surprises. Who’s side of the trial is the prosecution on? Real estate prices picking up in NYC and New York’s Self-Immolation. They’re assuming that the Federal government will raise the SALT cap, which doesn’t look too likely. Perhaps the minimum income tax proposed by Yellen is really intended for the states. A way to hit Florida and Texas and other states with no income tax. Uniformity of economic and tax policy across the country is becoming a possibility. March deficit blow out. Expenditures are 3.5 times tax receipts, sounds like a real sustainable trend, doesn’t it? EV’s are taking off. Another sign we’re in a bubble. Sub-prime auto loans are crashing while auto sales are spiking. Doesn’t sound like they should be happening at the same time. Reddit traders thing of the past? A real lottery ticket for long suffering shareholders. What’s the crappiest stock you can buy that the Redditor’s. |
Tue, 13 April 2021
China has thrown its weight behind settling its oil purchases from Iran and Venezuela in cryptos. This explains why cryptos have taken off and gold/silver have remained in the dumps. This is de-dollarization in a big way. Dollars are of no use to Iran and Venezuela. They’ve been cut off from Swift and there’s nothing to be gained. The Chinese found a work around. This will heighten cryptos and make the prices go much much higher. The crypto is getting recycled back to China in the form of goods purchased. All brought on by American sanctions. Trading in gold isn’t a viable option. The net result is a weaker dollar and the oil continues to flow. The mainstream press is avoiding the story. The US Dollar is on its way out as the reserve currency. The direction is clear. Rob believes that eventually we will return to a currency that will be based upon something tangible. |
