With official year-on-year (YoY) German inflation at 8.7%, a 60-year high and headed higher, the Euro experiment is clearly a failure. It's not the new Deutsch Mark, it's the new Italian Lira. Germany needs to leave the Euro Zone and really build back better by returning to a gold-backed mark. Gexit!
"German Inflation Hits 60-Year-High, 'Worse To Come', Says Allianz" - in ZeroHedge
Jun 1, 2022
Market Update: Bitcoin, Crude Oil, Gold
Bitcoin:
CNBC is so excited about Bitcoin's rise back above $32,000. When Bitcoin is falling
CNBC barely talks about it. But when it makes a big move up they can't stop talking about it.
Crude Oil:
Crude Oil just hit $117 per barrel. It looks like the market is poised to finally reflect a Russian sanctions premium that should send the price to $150 per barrel by year-end. Next year the price could easily hit $200. But don't worry. America's super strong economy can handle it.
Gold:
Gold's failure to rise despite mounting evidence that inflation is getting worse doesn't mean gold is no longer an inflation hedge. It reflects investor's expectations that higher inflation means the Fed will fight harder to contain it. Investors are in for a rude awakening.
Apr 13, 2022
Bitcoin: The Big Money Is Selling
Everything went perfectly for Bitcoin over the past year. Non-stop positive media coverage, unprecedented advertising blitz, mega conferences, growing political support, celebrity endorsements, mainstream adoption, institutional investment, ETFs, NFTs, El Salvador, inflation, war, economic sanctions, etc.
Yet despite all the hype and good news the price of Bitcoin is down 38% Year on Year (YOY). If none of this was sufficient to send the price of Bitcoin higher, what will? Wake up HODLers. You're being played. The big money is selling. It's a classic pump and dump!
Subscribe to:
Posts (Atom)