If your returns aren't beating 11% a year, you're getting poorer.
Global liquidity grows about 8% a year. That's the money supply expanding, and it means the value of the cash in your pocket falls by roughly that much every year. Add maybe 3% of normal inflation on top and you get to an 11% hurdle.
Most people think if they've beaten inflation they're fine. They haven't. Inflation and debasement aren't the same thing.
Inflation is your money losing value against goods... rent, groceries, fuel. Debasement is your money losing value against assets... property, stocks, the things that actually build wealth. You have to clear both.
This is the real reason the rich get richer and everyone else falls behind. One side owns the assets. The other side is holding a melting ice cube.
Kenyan volleyball legend Janet Wanja has tragically passed away after battling gallbladder cancer.
She fell ill in August shortly after returning from the Paris Olympics, where she served as the Malkia Strikers' fitness trainer.
Rest in peace, Wanja. Your legacy in sports will endure forever.
Jana as i left town, nilisimamishwa outside Bunge Towers by two AP officers, ati it's off limit for motorcycles to use that road. I even saw like 15 bikes zimeshikwa hapo ndani ati zinapelekwa kortini, tulifika hapa aje? they claim those are new VP orders- Madness.
𝗦𝗮𝘂𝗱𝗶 𝗔𝗿𝗮𝗯𝗶𝗮 𝗗𝗶𝘁𝗰𝗵𝗲𝘀 𝗨𝗦 𝗗𝗼𝗹𝗹𝗮𝗿
Saudi Arabia will not be renewing the 50-year petrodollar agreement with the United States.
Instead, they will be selling oil in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan.
This should be treated as a black swan event, but you wouldn't know it because the U.S. government is more focused on investigating tire tracks over an LGBTQ street intersection.
Remember, the revolution will not be televised.