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LATEST: 🇲🇾 Malaysia's central bank has launched three regulatory sandbox programs to test ringgit-pegged stablecoins with Standard Chartered and others for wholesale settlement between institutions.
BITCOiN CRASHING:
The everything bubbles are bursting….
Q: Am I selling?
A: NO: I am waiting.
Q: Why aren’t you selling?
A: The cause of all markets crashing is the world is in need of cash.
A: I do not need cash.
A: The real reason I am not selling is because the problem…. The world is deeply in debt…. and my bet is “ The Big Print” as described in Lawrence Lepards book…. “The Bug Print”is about to begin…. which will make gold, silver, Bitcoin, and Ethereum more valuable…..as fake money crashes.
Q: Could Lawrence and myself be wrong?
A: Yes
I do not give investment advice.
I share with you what I am doing.
This is why my previous X is about “Birds of a Feather study together.
Most of my friends do need cash…. So their panic is less.
Simply said…..if you are fearful and need cash….as most of the world does…. You may want to sell your best assets and go to cash.
MSS PiGGY’s financial wisdom:
I follow the financial advice of the Muppets’ Miss Piggy who advises
“The key to money management is to always manage to have a lot of money.”
In Rich Dad Poor Dad, Rich dad called this “Cash Flow” from assets such as real estate, oil wells, cattle , and private investments.
I do not trust stocks or bonds but if you do….like Warren Buffet…do what is best for you.
Miss Piggys advice is sound advice and why Birds of a Feather attend financial seminars and study together.
Be careful.
Learn from your mistakes if you are panicking and short of cash.
I ‘ve panicked many times and learned priceless personal financial lessons not taught in schools of traditional “get a job “ education.
And I painfully learned Miss Piggy’s lesson on money management, when I ran out of cash.
Yet the lessons are priceless although painful. Those painful lessons have made me a rich man….with assets that cash flow cash as I write about in Rich Dad Poor Dad and teach in my Cashflow Boardgame.
The game Cashflow teaches by players making mistakes.
Mistakes are how humans are designed to learn. Unfortunately schools punish students for making mistakes. Small wonder there are so many educated poor people.
Please take care, keep learning….and thank you for following me on X.