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Are Conservatives Garbage?
Algorithm Manipulating People To Vote For K-Pop, Bitcoin Makes Moves To Break ATH, Did My Predictions Come To Pass?, Why Most Crypto Is Garbage, CPI Manipulation, And A Brief Economics Lesson...
Economic Ninja
October 30, 2024
The Daily Ninja 10/30/24
🗳️ Trump supporters are labeled as "garbage" and their demonization is deemed "unconscionable," contradicting the US's actions towards Puerto Rico.
💻 5-10% of the population is easily manipulable to vote for Trump, while the majority will vote for K-pop due to algorithm manipulation on social media.
💥 The 2023 banking correction is just the "tip of the iceberg" as the economy is imploding, with a deluge of information revealing the truth after the election.
🏠 Housing numbers are claimed to be "complete lies" with recent surge in pending home sales described as a "dead cat bounce" rather than recovery.
🇺🇸 The 2024 election will lead to a recession, bank crashes, and 10% of the nation being devastated and fleeing the country.
🚀 Bitcoin's cup and handle pattern on the monthly chart predicts a target over $250,000, potentially reaching $500,000 if the pattern continues, according to the Economic Ninja's technical analysis.
💰 Joe CryptoChart forecasts Bitcoin reaching $120,000 by the end of 2024 or early 2025, based on a tweet from October 6, 2023.
📊 Bitcoin's 15+ year history shows a consistent pattern of consolidation and cup and handle formation after each major rally, never taking out the previous low.
📈 The epoch model for Bitcoin adds an extra zero every 4 years, while the all-time high model targets $500,000 if the pattern repeats the 2020-2021 run-up.
🗓️ Historically, October is the #1 month for the biggest Bitcoin gains, followed by February, according to Joe CryptoChart's analysis.
💰 98% of cryptocurrency projects are worthless junk, but Bitcoin could reach $1 million in the next 5-7 years.
📊 Technical analysis is crucial for predicting Bitcoin price movements, allowing for accurate predictions like $75,000 by End Of October 2025.
🌍 Countries are adopting Bitcoin to escape poverty, with Bhutan leading by holding a Bitcoin stack worth 30% of its GDP.
🏆 Bitcoin is a store of value and medium of exchange, but not a currency due to limited acceptance and lack of government backing.
💣 The CPI inflation statistic is heavily manipulated, excluding critical factors like interest charges on consumer debt and property expenses, misleading the public about true economic conditions.
💰 The US government's projected $22 trillion cumulative deficit over the next 10 years and $35 trillion federal debt (exceeding 123% of GDP) signal an impending economic crisis.
📉 The dollar is collapsing according to 7 key indicators, including federal budget deficits, debt, interest expense, money supply, CPI inflation, and gold price outperforming stock markets.
🏠 The real estate market is crashing, with prices falling 33% in 6 months in some areas, based on the Economic Ninja's predictions and personal experiences.
💸 The federal interest expense of $1 trillion annually, exceeding this amount for the first time, is rapidly increasing and straining the national budget.
🔥 Microeconomics can be used to manipulate consumer behavior and guide decisions for businesses and governments, potentially raising ethical concerns about economic influence.
💼 The focus on individual decision-making in microeconomics may overlook broader societal impacts and systemic inequalities.
🚗 Microeconomic principles impact daily decisions like car purchases, suggesting that consumers are constantly influenced by market forces rather than making truly independent choices.
📊 Microeconomists' methods for judging economic cycles could be seen as attempts to predict and control market behavior, potentially leading to self-fulfilling prophecies.
💰 The emphasis on incentives and utility maximization in microeconomics might promote a materialistic worldview that prioritizes financial gain over other values.
Go out and crush it!
The Ninja is OUT!
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