Interesting…
Oil's up over 40%+ since the Hormuz shock.
Energy stocks are up about 11%, roughly the same as the S&P.
Seven months in, the commodity and the companies that produce it are telling two very different stories.
FUN FACT
THE ONTARIO TEACHERS’ PENSION PLAN INVESTED $300 MILLION INTO SPACEX IN 2019
THAT STAKE IS NOW WORTH $16 BILLION
NEARLY A 5,200% RETURN IN 7 YEARS
THIS MAY GO DOWN AS ONE OF THE BEST INVESTMENTS EVER MADE BY A CANADIAN PENSION FUND
🇨🇦🇨🇦🇨🇦
Everyone thinks they’re too late for Bitcoin.
You wouldn’t think that if you understood the power of 0.009 BTC.
You’re not late. You’re unbelievably early. The math proves it: 🧵👇
Now that the budget bill has passed Congress, we can see what the projections look like for deficits, government debt, and debt service expenses. In brief, the bill is expected to lead to spending of about $7 trillion a year with inflows of about $5 trillion a year, so the debt, which is now about 6x of the money taken in, 100 percent of GDP, and about $230,000 per American family, will rise over ten years to about 7.5x the money taken in, 130 percent of GDP, and $425,000 per family. That will increase interest and principal payments on the debt from about $10 trillion ($1 trillion in interest, $9 trillion in principal) to about $18 trillion (of which $2 trillion is interest payments), which will lead to either a big squeezing out (and cutting off) of spending and/or unimaginable tax increases, or a lot of printing and devaluing of money and pushing interest rates to unattractively low levels. This printing and devaluing is not good for those holding bonds as a storehold of wealth, and what’s bad for bonds and US credit markets is bad for everyone because the US Treasury market is the backbone of all capital markets, which are the backbones of our economic and social conditions. Unless this path is soon rectified to bring the budget deficit from roughly 7% of GDP to about 3% by making adjustments to spending, taxes, and interest rates, big, painful disruptions will likely occur.
REPORT: Antarctica reverses trend and gains ice for the first time in decades, according to a new study published by Science China Earth Sciences.
Researchers say from 2021-2023, the Antarctic Ice Sheet saw a record-breaking mass *gain.*
Tongji University researchers say satellite gravimetry data shows that from 2011 to 2020, the Antarctic Ice Sheet lost 142 gigatons of ice per year.
That trend flipped between 2021 and 2023 when the ice sheet allegedly gained about 108 gigatons of ice per year.
Most of the gains are in East Antarctica. Scientists say much of the gains are linked to precipitation patterns, which could be temporary.
Crazy.
No matter how well you think an asset is performing, everything trends to zero in terms of Bitcoin
Gold is going parabolic right now
But it doesn't matter
Today, you can buy 25 Oz of gold for 1 Bitcoin
In the coming years, 1 Bitcoin will buy 100 Oz of gold
It's inevitable
The new supply of Bitcoin can never increase, no matter how high the price goes
The new supply of gold will rise forever, and it will accelerate when the price goes higher
YESTERDAY HEDGE FUNDS SOLD THE MOST AMOUNT OF GLOBAL STOCKS IN 1 DAY SINCE 2010 PER GOLDMAN SACHS
ON THE OTHER HAND RETAIL INVESTORS BOUGHT STOCKS WORTH $4.7 BILLION YESTERDAY THE LARGEST AMOUNT IN OVER 10 YEARS PER JP MORGAN
Social media has desensitized many people to money, success and made many feel that they are behind.
You hop on YouTube, and it’s flooded with people flexing fake net worth numbers or lifestyle for views.
“Day in the life of a $100M CEO…”
“How I built my $200M empire…”
I can confidently tell you, 95% of these people are just click baiting.
Im saying this to say, don't let these peoples false success create an emptiness in yours like you're not doing enough or you are behind.
Most people online showcase they're 100x richer than they truly are, keep that in mind.
The Treasury Access Symbol (TAS) is an identification code linking a Treasury payment to a budget line item (standard financial process).
In the Federal Government, the TAS field was optional for ~$4.7 Trillion in payments and was often left blank, making traceability almost impossible. As of Saturday, this is now a required field, increasing insight into where money is actually going. Thanks to @USTreasury for the great work.
https://t.co/6dsKaArfM8