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The hidden costs of buying gold and more...
It takes money to make money... And a lot of money is being taken in the name of "making money" all over the world...
The Daily Ninja 4/03/24
Updates From The Economic Ninja
(4/2/2024)
(4/2/2024)
π Massive price rise in Bitcoin expected, especially with the upcoming havening event.
π Tether's decision to invest in Bitcoin is based on its strength and potential as an investment asset, allocating up to 15% of its quarterly profits.
π° Tether's steady purchases have made it the seventh largest holder of Bitcoin, solidifying its position as a major player in the market.
π The announcement of Tether buying Bitcoin is a big deal, especially with the recent approval of Bitcoin ETFs and Black Rock buying up Bitcoin.
π° "There is an amazing amount of buying pressure governments around the world know that if they banned Bitcoin because it's the total opposite of their fiat currency that instantaneously all of you would go wait a minute what's going on if they want it banned."
π° If you don't hold it, you don't own it - important to consider when investing in Bitcoin.
π There's a lot of money to be made in the next coming months after this happening and we haven't even started.
(4/2/2024)
π° Japan may be forced to sell US treasuries and dollars to hold up their own currency, potentially causing our debt to slide.
π« Traders are being targeted and warned against selling or shorting the yen, as the economy is starting to collapse.
π "He is straight up threatening. I'm threatening you you're if you're to do something I'm going to do something bad if you if you short it if you cause the volatility."
π° China is trying to woo Japan and South Korea, and Japan may eventually join BRICS, which is a big deal for trade and global economics.
πΈ The pressure to keep interest rates higher for longer is not only affecting the Yen, but also other currencies around the world.
π¦ The situation is a result of macroeconomics, not just a random event.
π° The dollar hovering around 151.50 Yen is causing panic among Tokyo Finance Ministers, indicating potential intervention to prevent further decline.
π° Japan's plan to sell US debt and buy their own currency will strengthen the yen, impacting global markets.
(4/02/2024)
π§ The Ninja criticizes the perceived elitism and incompetence of those in positions of power within the court and education systems.
π€ Judge Burrows allows migrants to sue the air transport company and potentially bring Governor DeSantis back into the case, raising questions about jurisdictional concerns and immigration laws.
Updates From The Real Estate Ninja
(4/02/2024)
ποΈ Chinese developers are facing a multi-year crisis due to the implosion of their commercial mortgages and massive properties.
π The media is quick to point fingers at China while ignoring their own countries' financial struggles.
π China's demand for Country Garden to pay them first has caused defaults in the US, impacting pension funds and leading to failing pension funds.
π Chinese state-backed property developer China Vanke reported a fall of more than 50% in its annual profit, aiming to boost its Cash Flow by slashing debt over the next two years.
π China's real estate industry is facing a major financial squeeze, with large property developers defaulting on their debts, causing a major impact on the economy.
π China's economic downturn could lead to more drastic measures, including military action, due to their extensive military preparations.
π Country Garden accused of inflating revenues by 78 billion before defaulting on debt.
π "Things are getting ugly and they're going to get worse so just keep that in the back of your mind what's going on with these other countries and their commercial property markets."
Despite all the craziness in the world out there I hope you have an amazing April 3rd. Spring is starting and the weather is starting to be beautiful in many placesβ¦
Take time to get outside and enjoy the sun and all the new life growing. Donβt let the chaos of the world cause you to fail to enjoy the beauty of the things around you no matter where you are.
-Ninja Out
If You Want Help Getting Out Of Debt, Starting A Side Hustle & Buying A Houseβ¦ Check Out My Courses Belowβ¦
The promised Bitcoin + Crypto + Trading AMA is happening on Wednesday April 10th at 6:00 PM Pacific Time. If youβd like to join please register here today!