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Tron

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If you own zero Bitcoin, you are effectively short Bitcoin. One of my favorite quotes from Pierre Rochard (one of the OG bitcoiners who got me to take a serious look at it in 2016) is "Bitcoin is your unit of account whether your are consciously aware of it or not".
 

I am almost finished reading this book (The Fourth Turning is Here), and highly recommend it to anyone interested in history and how it can be predictive of things to come. We are heading for some major turmoil (financial and otherwise) over the next decade. The better prepared you are, the less painful it will be. 
 

Get off zero and buy a little Bitcoin. You'll thank me later. Strike is who I am using now. Dollar cost averaging is the way to go. I took an initial position in 2016 and have added to it weekly since then without regard for price. It's a rounding error at current prices. Bitcoin is the only financial asset I am unwilling to "trade" because I believe so strongly in it's fundamental purpose (which is to take away power from central bankers and give it back to the people so they can save without getting debased)..I am too emotionally invested in it's success, so I just buy and HODL. Also suggest reading the book "The Bitcoin Standard" 

Move to cold storage regularly..do not leave your corn on exchanges. Anyone needing help with how to do this safely is more than welcome to DM me.

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https://www.dailymail.co.uk/news/article-12409437/Big-Short-Michael-Burry-options-Nasdaq.html

'Big Short' investor Michael Burry appears to bet on US market crash with $1.6 billion position against the S&P 500 and Nasdaq indexes

 

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20 year JGB auction tailed the most since 1987...investors demanding higher yields to buy JGBs. Butterfly effect happening now as global yields accelerate. More bank failures coming soon to a town near you. 

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On 8/22/2023 at 9:31 AM, YACCster said:

 

This is an interesting take on news about China's economy. 

https://research.gavekal.com/article/making-sense-of-the-china-meltdown-story/

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I have been a subscriber of Porter Stansberry for 16 years. The guy is brilliant and a great writer. He has made me a lot of money with his ideas. The guy called the first BK of General Motors in 2009 as well as the downfall of many other companies that I shorted with great success. He also got me to buy MSFT in 2012. He called the bottom of the market after the Covid collapse. He is right far more often than he is wrong.
 

He has a new video out, which I think everyone should watch. Look past the doom and gloom rhetoric (which is there for marketing purposes...although I believe he is right on much of it). In about an hour he explains in easy to understand terms and data why our financial system as it currently stands cannot last. We are heading into an era of financial pain for most people...especially if you are not prepared for what is likely to transpire. 
 

https://theviolentend.com/

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30 year fixed mortgage rates going to 10-12% minimum before this cycle totally done. We have crossed the rubicon into fiscal dominance. Google it if you don't know what that means. 
 

IMG_3911.png

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Friendly reminder that oil's all-time record was $147 a barrel in the summer of 2008...right before the global financial system shit the bed. Adjusted for inflation that would be a price of $208 a barrel today. 

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On 9/25/2023 at 2:34 PM, Tron said:

Friendly reminder that oil's all-time record was $147 a barrel in the summer of 2008...right before the global financial system shit the bed. Adjusted for inflation that would be a price of $208 a barrel today. 

We have nothing to worry about!

https://oilprice.com

 

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1 hour ago, YACCster said:

We have nothing to worry about!

https://oilprice.com

 

This Is Fine GIF

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avalanche dat GIF

IMG_1745.png
 

 

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Japanese carry trade unwinding and Yield Curve Control ending is gonna be lit. 🔥

 

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12 hours ago, Tron said:

Japanese carry trade unwinding and Yield Curve Control ending is gonna be lit. 🔥

 

IMG_1752.jpeg

Nice, nothing to worry about!

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Bank of Japan after today's Non Farm Payroll report....

 

IMG_1761.png

IMG_1762.png

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Things about to get spicy in the gold market. Huge reversal off the weekly chart this past week. Before this cycle is over we will see moves well over $100 on single days. Tighten your chinstraps...lots of volatility incoming as the year closes out. We will be lucky if a credit event doesn't create another 1987 Black Monday style meltdown. War means more inflation and ultimately, money printer go brrrrrr.
 

Stay frosty.

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On 3/17/2023 at 4:42 PM, Tron said:

Friendly reminder that gold's 1980 high, adjusted for inflation, is $3600 an ounce. We are likely heading into an inflationary depression....and eventually war.

Posted 7 months ago....still on target. Got some bitcoin and gold? Bitcoin spot ETF inbound soon. I was pounding the table to buy at $16k last Nov......

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Highly recommended watching if you want to understand what is about to go down in the financial system and why. If you have assets in the market, this is the highest return on an hour of your time you could possibly get right now....and you really only need to watch the first 20 minutes..much of the rest is a sales pitch for a newsletter..

https://orders.stansberryresearch.com/?cid=MKT769845&eid=MKT773666&assetId=AST321684&page=1

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The rest of the week should be interesting as Japanese carry trade unwinds. Japanese investors have to hedge their currency risk when buying foreign bonds, Given the cost to do that now, most foreign bonds are negative yield for them...which means they will sell US Treasuries, German Bunds...etc and bring that capital home where they can get a positive return in their own currency. Selling US Treasuries will drive rates even higher. (Price down = rates up). Debt death spiral continues to worsen.

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