#Bitcoin has been trading like the 3x leveraged version of the Nasdaq-100, ticker #TQQQ since 2018.
This chart shows the % appreciation for over 6 years.
#BTC#Crypto#Chart
#centralbanks globally have
accumulated #gold reserves this year at a pace never seen since 1967, when the US dollar was still backed by the precious metal.
In 1924 an ounce of #gold cost $21..
A $50 bill could buy you about 2.5 ounces of hard money. The same 2.5 ounces will cost you around $4300 today.
Picture below
- $50 bill (funny money)
Gold coins Left to Right:
- 1/2 oz Fine Gold
- 1 oz Fine Gold
- 1 oz Fine Gold
In March 2007, just before the Great Financial Crisis, which was triggered and amplified by derivatives, the total banks'
derivatives exposure was $1.45 quadrillion USD.
Current banks' drivatives exposure in 2022 has hit $2 quadrillion USD.
Wait what?
Just now: France says it will spend €100 billion to protect citizens from inflation.
Spending money is inflationary, sacré bleu!
Whomever came up with this probably failed Macroeconomics 101 in university.
#Economics#Inflation
I would like to take this opportunity to give my deep thoughts and light a few candles to all those who took mortgages to buy real estate on the Metaverse.
#Metaverse#Crypto
#Bitcoin "BTC is closing in on the big $24k level. Note the rising trend line and the fact the 50 day moving average is sloping up again. A close above 24k and this could squeeze hard. Next resistance is the 100 day moving average at 25.6k
Source: TME
Central bank funny business...
1928: "The United States of America Fifty Dollars In Gold Coin Payable To The Bearer On Demand"
1934: "The United States of America Will Pay To The Bearer On Demand Fifty Dollars"
2004: "Fifty Dollars"
#goldstandart#federalreserve#bitcoin
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