You’ve probably heard a lot about tariffs in the news recently. But what exactly are they? And what are the underlying mechanics that drive how they work?
As a global macro investor for the last 55 years, I have studied a lot of history because the past can teach us a lot about the present. History shows us how tariffs often lead to fighting between countries. And while it might not be military-based, where there is conflict, there will be consequences.
I dive into this in my new article below. I’m sharing it with you all because if we agree about the underlying facts and how events are likely to unfold, it will be easier to figure out what we should do about it.
#economics #trade #markets
Do not be afraid to exaggerate the role of willpower. It is an exaggeration with a purpose. It leads to a positive self-fulfilling dynamic, and that is all you care about. See this shaping of your attitude as your most important creation in life, and never leave it to chance.
Everything boils down to how bad you want it. You can turn a bad hand around with sheer brute force and determination. When you're left with no choice you break down walls and squeeze through cracks. Ambition & hunger will drive you to conquer worlds. Find this in yourself.
Many fiat banks are dead.
Many more are going to die.
All because of the Fed.
Because Powell ain’t Satoshi.
And the US is run by heirs.
Who wrecked institutions they inherited.
Including the accounts of dollar holders.
And after the Fed kills its own banks…
Will you want your money in a US bank?
In a system with insane bank runs?
Where regulators deceive depositors?
Powell made America Argentina.
So the Internet is the new America.
All the next banks are crypto.
Where 1 BTC = 1 BTC.
The new reserve currency of the world.
ChatGPT has crossed 1M+ users in just 5 days.
To compare, it took Netflix 41 months, FB - 10 months, and Instagram - 2.5 months.
But many haven’t yet realized its full potential.
Here are the 10 mindblowing things you can do using it right now:
The Bank of England has already pivoted. As collapsing #bond prices and rising rates threatened a financial crisis, the BOA announced a new QE program to print pounds and buy #gilts. Record UK #inflation will now soar. Which central bank will blink next? Hint, it rhymes with Ted.
CEO of Google 🇮🇳
CEO of Microsoft 🇮🇳
CEO of Adobe 🇮🇳
CEO of Twitter 🇮🇳
CEO of Mastercard 🇮🇳
CEO of Pepsi 🇮🇳
CEO of IBM🇮🇳
CEO of Albertsons🇮🇳
CEO of Micron 🇮🇳
CEO of Netapp🇮🇳
CEO of Nokia🇮🇳
CEO of Palo Alto🇮🇳
CEO of Arista 🇮🇳
CEO of Novartis🇮🇳