Warren Buffet Sends Serious Warning To Wall Street

(7/30/2024)

New Child Tax Credit Expansion Problem

(7/29/2024)

• 📉 The upcoming child tax credit expansion just took a turn for the worst.

• 💰 The temporary expansion of the child tax credit led to an estimated 44% reduction in the national child poverty rate.

• 🤔 The comparison to the "don't feed the Bears" sign suggests that providing financial support without work requirements could lead to people becoming dependent and not contributing to society.

Joe Biden Is Making His Move On Bitcoin

(7/29/2024)

• 💰 The threat of decentralized blockchains to the US ability to print money is a real concern.

• 🤯 The most amazing thing about Bitcoin is that there's no denying it, even if the government claims it as their reserves, the transparency of the blockchain technology makes it undeniable.

• 💰 The transparency and visibility of blockchain technology is unbelievable, making it essential to understand for anyone interested in cryptocurrency.

• 📱 The ability to transfer Bitcoin from one phone to another without any names attached highlights the anonymity and privacy concerns surrounding cryptocurrency.

• 🧐 Bitcoin is not going away, and people need to start getting used to it.

• 💰 "I believe it's going to go much higher as a matter of fact. I think you're going to see a top in this next cycle between 120 140 but really we could have a blowoff top to $250 $250,000 per Bitcoin."

• 📈 The strategy involves buying silver when Bitcoin tops, with the expectation of a 100-200% increase in value before moving into real estate.

• 📈 "I have a couple of close friends that have seen me with side hustles and go from starting with $5500 in my pocket and a year later have a $100,000 then taking that $100,000 and I put it all into crypto."

I can't believe what was in the Wall Street Journal today

(7/29/2024)

• 📉 The surge in commercial property foreclosures does not suggest that the bottom is near, as claimed by the Wall Street Journal.

• 💰 Foreclosures on commercial properties have reached a 133% increase from the first quarter, signaling distress in the market.

• 📈 The dramatic fall in interest rates after the crash of 2005 is surprising and significant.

• 📉 Banks are hiding the truth about the real estate crash, putting people into special servicing, and trying to cover up the severity of the situation.

• 💼 The downturn in commercial real estate lags behind the residential market in an economic cycle, impacting businesses and tenants.

• 📉 Unemployment is ticking up and banks are failing, indicating a potential economic crisis on the horizon.

• 📉 Regional banks are taking the heavy brunt of commercial loans, leading to an increase in short sales and difficulty in taking write downs.

• 🤯 The FDIC declared insolvency a year ago, signaling a potential epic meltdown like the Great Depression.