The great wealth inequality is due to monetary policy. We print money, we get asset inflation which creates billionaires. That same asset bubbles creates false wealth through rising home values and 401ks. And it also creates inflation. Milton Friedman famously said, "Inflation is always and everywhere a monetary phenomenon". It's not the Evil Rich or The Billionaires. It's the fact that we are massively irresponsible in our fiscal policy. Get back on the gold standard or get fiscally responsible and there might be hope. Otherwise it won't stop.
As far as Mamdani, New York will just get shittier but it will survive. Remember New York in the 70s? That was horrific. This will be back to the same shithole situation but there's too much entrenched interest and connections in the city for a mass exodus. However, we may have multi-polar financial centers , with places like Miami and Charlotte benefiting.
From the letter Andy ‘Alt season will eventually come. When it does, don’t make the mistake of bag holding, make sure to take some profits, rotate them in BTC/ETH or pull the cash to diversify and acquire other assets’
Would you apply this to $LINK or true Alt’s eg AVAX?
Also re: mamdani. People that think like him are mentally broken but a good way to truly put them in a mental pretzel and have them crash out is to present this counter argument: so we don’t need jails for January 6 protestors? And we don’t need gun laws because we don’t have jails to put people in if they commit crimes. Better yet end the judicial system they won’t be needed if there are no jails and then Trump can run for another 8 years because he can’t be arrested.
2. Maybe some thoughts on defense (military) stocks in a future post? Given trumps commitment to spend $1T on the military and quickly escalating geopolitical situation this seems timely. Much of the upside may already be priced into the big names (RTX, LMT, BA, etc) but perhaps there are some gems to be discovered. Riding BBAI and NB as well.
Good read as always. One thing about gold and silver: as a teenager in the 70s I bought and sold gold and silver. It was a crazy bubble and then it crashed. I do believe that fiat printing (and Basel 3) are driving higher gold but I wonder if it’s sustainable. It feels bubbly too me.
Sliver to gold ratio has been out of wack for a while, even with the surge in silver price. Silver bulls think the price is being kept artificially low since silver is a key component for tech
Happy Birthday wishes to you Andy!!🎈🎈
No mention of $SNOW being up 20%+ on earnings?!
Andy, I am worried your brain has been swallowed by a crypto cult. Buy some Gold!!
My 2 cents:
The great wealth inequality is due to monetary policy. We print money, we get asset inflation which creates billionaires. That same asset bubbles creates false wealth through rising home values and 401ks. And it also creates inflation. Milton Friedman famously said, "Inflation is always and everywhere a monetary phenomenon". It's not the Evil Rich or The Billionaires. It's the fact that we are massively irresponsible in our fiscal policy. Get back on the gold standard or get fiscally responsible and there might be hope. Otherwise it won't stop.
As far as Mamdani, New York will just get shittier but it will survive. Remember New York in the 70s? That was horrific. This will be back to the same shithole situation but there's too much entrenched interest and connections in the city for a mass exodus. However, we may have multi-polar financial centers , with places like Miami and Charlotte benefiting.
From the letter Andy ‘Alt season will eventually come. When it does, don’t make the mistake of bag holding, make sure to take some profits, rotate them in BTC/ETH or pull the cash to diversify and acquire other assets’
Would you apply this to $LINK or true Alt’s eg AVAX?
Happy birthday young King!
New subscriber. Just brought my first crypto. Nice to buy when there's blood in the streets.
Full schizo mode pls
Ya doing the schizo overkill prep would be a nice post
Also re: mamdani. People that think like him are mentally broken but a good way to truly put them in a mental pretzel and have them crash out is to present this counter argument: so we don’t need jails for January 6 protestors? And we don’t need gun laws because we don’t have jails to put people in if they commit crimes. Better yet end the judicial system they won’t be needed if there are no jails and then Trump can run for another 8 years because he can’t be arrested.
1. Yes, interested in full schizo mode
2. Maybe some thoughts on defense (military) stocks in a future post? Given trumps commitment to spend $1T on the military and quickly escalating geopolitical situation this seems timely. Much of the upside may already be priced into the big names (RTX, LMT, BA, etc) but perhaps there are some gems to be discovered. Riding BBAI and NB as well.
thanks for the comprehensive letter. how do you think PLTR will perform in the next 6 months?
Good read as always. One thing about gold and silver: as a teenager in the 70s I bought and sold gold and silver. It was a crazy bubble and then it crashed. I do believe that fiat printing (and Basel 3) are driving higher gold but I wonder if it’s sustainable. It feels bubbly too me.
Sliver to gold ratio has been out of wack for a while, even with the surge in silver price. Silver bulls think the price is being kept artificially low since silver is a key component for tech