I was studying other times in history when gold prices more than doubled in the reserve currency of the time, as they did in the past year: it's rare and almost always a sign of a profound loss of confidence in the existing monetary and political order, going all the way back to the Roman empire (the so-called "Crisis of the Third Century").
And it often marked the transition from one era of power to the next: the fall of Rome, Spain's decline from world power, the French Revolution and Terror, the end of Bretton Woods, etc.
Interestingly, it's often actually as much a cause as a sign of these episodes, as this is effectively a transfer of real wealth from the poor to the rich elites who protect themselves with gold - this being what ignites the political upheaval.
The weird aspect of the current episode is the relative silence around it: we're witnessing what may be one of the great pivotal moments in financial history yet it's being barely discussed.
SHOULD THE #COMMANDERS TRADE FOR ALL-PRO PASS RUSHER MICAH PARSONS…?
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First look at Parsons in a Washington uniform:
JUST IN: NFL Super Bowl winner Saquon Barkley says Michael Saylor told him to go "all in" on Bitcoin 👀
Barkley said he would take his whole contract in BTC if he could go back 🙌
When $SPX recovered from the Covid crash in 2020, it ended up rallying 1400 points before a major top formed. SPX moved from 3391 in 2020 to 4818 into late 2021.
$SPX crashed again this year from February to April from 6147 to 4835. The recovery is identical to the covid recovery in 2020. If history repeats itself we can see $SPX to 7000+ by early next year.
Everyone that things this stock ran too much, that stock is overvalued, the index is overextended are going to get taught an expensive lesson. The opportunity cost of sounding smart and predicting tops is not worth it. Ride the momentum and ride this wave because it's going to present many opportunities to grow your account.
Follow. The. Money.
That's the game.
Bitcoin has been recognized as a reserve asset by the U.S. housing system — a defining moment for institutional BTC adoption and collateral recognition.