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Bank Failures? What's Going On?
This Bank Failure Is Different, Bitcoin About To Cross $100k & XRP Is Making Moves, China Is Buying A Lot Of Silver, A Big Change For The Dinar, Economic Time Lag Means Changes, In 2025, A Massive Tax Problem Is Expected, And Why China Is Flooding The US With Goods From Mexico...
Economic Ninja
November 24, 2024
The Daily Ninja 11/24/24
🚀 Bitcoin is approaching the $100,000 milestone, with a current price of $98,058 and experts predicting it could reach the six-figure mark within hours, potentially causing wild price swings.
💹 XRP is projected to overtake Bitcoin in the coming years, with its unique burn rate of 0.000001 XRP per transfer gradually reducing the total supply.
🏛️ President Trump is reportedly supporting Bitcoin and may use an executive order to push through legislation, potentially influencing other countries to invest in the cryptocurrency.
💼 The Bitcoin 101 Accelerator Course, created by author Dylan Bradley, offers comprehensive cryptocurrency education for $99, covering purchasing, securing, and storing digital assets.
💰 Bitcoin can be quickly converted to $100,000 and transferred to a bank account within hours, enabling purchases of luxury items like Ferraris or Lamborghinis.
🌐 China's 9,000 metric tons per year silver imports signal a strategic resource grab for tech dominance and economic power, reshaping the global commodity landscape.
🏭 A single electroplating industrial park in Zhenjiang City consumes over 2,000 ounces of silver annually, highlighting China's insatiable appetite for the metal in cutting-edge manufacturing.
💡 Silver's finite supply and critical role in semiconductors, cell phones, and emerging technologies will likely lead to massive price increases when it breaks its all-time high of $49-$50.
🏦 Chinese companies like Henan Tong are holding unprecedented inventories of 10,000 tons of silver and 3,000 tons of gold, dwarfing traditional reserve quantities.
🔋 The rise of silver is a harbinger of the electrified future, with solar panels, electronics, and emerging technologies heavily relying on the metal.
💹 The Iraqi Dinar, historically worth 2.5-3.5 times the US dollar, was devalued to 5 cents per Dinar by Bill Clinton, allowing Congress members and the President to profit from its subsequent revaluation.
🛢️ Iraq's second-largest oil reserves in OPEC, with 145 billion barrels (enough for 100 years at current production), are attracting international attention and investment.
🇨🇳 China is investing in Iraq's infrastructure, including solar power plants, in exchange for guaranteed oil sales, as part of a backdoor deal to strengthen the Dinar and reduce US dollar reliance.
📈 The Iraqi Dinar is subject to sudden value explosions due to being heavily undervalued, with Forex traders racing to buy it when significant announcements are made.
🌐 The Dinar's revaluation is part of a larger plan to change the global economy, involving agreements with countries like China and Russia to increase its value based on natural resources.
🏦 Economic time lag means changes like stopping government spending can lead to immediate layoffs and mortgage defaults, while tax cuts take longer to stimulate real economy spending.
💰 Wealth transfer opportunities arise during economic turmoil for patient investors prepared to capitalize on liquidity events and market dislocations.
🏠 Tax lien investing can yield high returns, as demonstrated by an investor who turned $20K into $37K in 8 weeks using over-the-counter tax liens and Tax Deed Action.
🎈 Asset bubbles can form due to speculation caused by artificially low interest rates, with the Fed potentially needing to raise rates before the 2024 election to combat inflation.
💼 Hypnotic November describes a mindset where people expect problems to resolve without preparation, despite persistent corruption and bloated government.
🏠 In 2025, a massive tax problem is expected with 25-30% of property owners behind on taxes, leading to a wave of tax foreclosure auctions and lien sales, potentially causing bankruptcies in local governments.
💰 Tax liens can be purchased at online auctions for as little as $50, with lien holders collecting 8-36% annual interest on unpaid taxes, even if homeowners pay just one day late.
🏦 Banks are contracting lending and not refinancing high mortgages, resulting in a surge of foreclosures, with 900 registered in Dallas, Texas alone on July 15, 2024.
📚 The Economic Ninja is developing courses on tax lien and foreclosure investing, offering a pre-filming discount to help 1 million people become their own bank and potentially make $1 million each.
🎥 In 2025, the Economic Ninja plans to launch a YouTube initiative related to his new corporation focused on tax lien investing, which he claims will "blow people's minds".
🌎 China is flooding North America with goods through Mexico, potentially leading to tariffs, trade wars, and inflation, which may force companies to build in America and pay American wages.
💰 Tax foreclosures are surging due to people abandoning properties with high property taxes, creating opportunities to buy tax liens for 8-36% annual returns and foreclosures for 10-30% of market value.
💳 Credit card debt hit a record $1.17 trillion in Q3 2023, the highest since 2003, potentially signaling an impending debt crisis in January 2024.
🏪 Walmart warns of higher prices due to proposed 10-20% universal tariffs on foreign imports and 60-100% tariffs on Chinese imports.
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