
A Review Of The “Bidding”
Given the unprecedented scope of the recent bull market, it could easily take a decade or more for our markets to reach bottom. It’s true. These cycles take a long, long time to sort out.
Given the unprecedented scope of the recent bull market, it could easily take a decade or more for our markets to reach bottom. It’s true. These cycles take a long, long time to sort out.
We are in the early stages of a massive financial reordering that will end the U.S. dollar’s status as the world’s only reserve currency. We will see the dollar, the euro, gold, the Chinese yuan, and Bitcoin all compete to be the monetary reserve currency.
The rhetoric accompanying President Trump’s trade policy strikes some of the same notes that accompanied Richard Nixon’s New Economic Policy in the 1970s. And the effects on the stock market and the overall economy are striking similar notes as well.
While the possible collapse of the Treasury-bond market and the end of the global dollar financial system will certainly be catastrophic for many companies, there are still plenty of great businesses that will continue to provide goods and services and earn good profits.
Bitcoin has soared to close to $100,000. However, buying an asset that’s run up 47% over the past month is generally a bad idea. Right now, Bitcoin is at the shoeshine-boy-is-buying point of the mania… But, as Kim Iskyan writes today, short-term noise aside, the future is clear: And it’s Bitcoin.
Financial history is littered with tales of foolish cash management that have destroyed trillions in shareholder value. Entrepreneur Michael Saylor has pioneered a strategy that could revolutionize corporate financial management and help companies avoid those costly mistakes.
The precious metal has been the world’s “hardest” money for 2,500 years. But that may not be the case much longer.
Unless central banks and policymakers are willing to deal with a major credit crash, all roads lead back to lower interest rates and more money printing. That’s why we believe now is the time to safeguard your wealth from the demise of fiat currencies with the two ultimate stores of value.