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Ninja Visits Chicago And The Weekly Recap
The Big Theme Of This Past Week Is Gold Is Something To Keep Your Eye On...
The Daily Ninja 4/28/24
Updates From The Economic Ninja
(4/27/2024)
๐ฆ Small banks fail because they screw things up and at the end of the story video I'm going to share with you.
๐ฆ First Republic Bank's failure will cost the deposit Insurance Fund $667 million, highlighting the significant impact of the bank's insolvency on the financial system.
๐ฆ By the time the FDIC seizes a bank, it's already too late - things have gone to crap in a hand basket.
๐ฐ The bank was promised the best assets at pennies on the dollar, but was essentially forced to participate in the takeover.
๐ The ownership of the bank being transferred to the FDIC and the breaching of the safe by a SWAT team raises questions about the security and legitimacy of the seizure.
๐ The FDIC's seizure of First Republic Bank involved locking down information and preventing anyone from leaving the building for 48 hours, raising questions about transparency and accountability in the banking system.
๐ The biggest banks are struggling to hold back 3% of deposits for emergencies and pay higher FDIC insurance limits, putting the financial system on edge.
Weekly Recap From The Economic Ninja
(4/24/2024)
๐ฐ The top was a little over 2400, now in the low 23s, testing the bullish people's confidence.
๐ฐ Gold prices have another 29% upside as China's Central Bank continues its buying spree, according to a famed Economist.
๐ฐ Gold prices are expected to continue their record bull run to $3,000 per ounce, with a potential upside of 29% from its current levels.
๐ China's Central Bank is steadily increasing its gold reserves, potentially pushing other central banks towards gold as well.
๐ค The speaker expresses disbelief in the US government's claim of holding 70% of its reserves in gold, questioning their credibility.
๐ China, along with other countries, is building an entirely new economy and wants to be known for owning more gold than everyone else.
๐ Gold has a massive run coming ahead of it.
(4/24/2024)
๐ Government officials bought up a ton of Kuwaiti dinar after the announcement to restore its value, highlighting potential manipulation of currency.
๐ Iraq announced they will no longer settle trade in US Dollars, signaling a significant shift in their economic policy.
๐ The Iraqi dinar was the only currency going up against the US dollar in 2009-2010, sparking suspicion and curiosity about its potential revaluation.
๐ฐ The value of the Iraqi dinar was worth multiples of dollars before collapsing in value after the US intervention in Iraq.
๐ Saddam Hussein's decision to sell oil in Euros instead of dollars led to his downfall and execution.
๐ฐ Venezuela's decision to stop trading oil for dollars is causing a major shift in global currency dynamics.
๐ The Iraqi Central Bank has been buying up gold feverishly, indicating a potential increase in the value of the dinar.
๐ค Bad things are coming, and it's important to be prepared for the future financial system and potential challenges.
(4/25/2024)
๐ฐ Everything is falling in value to the US dollar, which is a strong teaching point in economics during stock market crashes.
๐ง Most people don't understand how crashes happen, they happen little by little and then all at once when it hits the media at a certain pitch and frequency.
๐ The real estate market is showing signs of a significant downturn, with homes nationally down between 8 and 10% in price.
๐ญ The government's ambitious plans to bring manufacturing back from countries like Taiwan due to the fear of China's invasion could have significant economic and geopolitical implications.
๐ธ The Federal Reserve's goal of devaluing currency by 2% a year is slowly robbing and destroying people through the absence of purchasing power.
๐ The first wave of a war is economic, and right now we are in a class war.
๐ We are in the greatest collapse since the crash of 29, and the economy is being propped up by this massive money printing.
๐ฐ The first wave is a financial war and we're in it, so what side do you want to be on - the side that's making money or the side that's poor?
(4/22/2024)
๐ธ The new REPO Act authorizes Biden to confiscate Russian assets and transfer them to Ukraine, potentially sparking retaliation from the world.
๐ฐ The new REPO Act could lead to the confiscation of billions in Russian Sovereign assets sitting in US Banks, sparking controversy and potential economic repercussions.
๐ฆ The bill requires US financial institutions to notify the Department of Treasury of any Russian sovereign assets, putting pressure on banks to comply with the new regulations.
๐ฐ The collapse of Hawaii's real estate market after Japan's withdrawal led to a significant drop in property prices, creating both opportunities and challenges for the state.
๐ฅ The passage of the repo act has sparked a strong reaction from Russia, vowing to inflict corresponding punishment on the US and the West.
๐จ This is a big deal. I hope you're preparing now for an absolute economic devastating collapse in our economy.
(4/24/2024)
๐ง The email serves as a reminder that we can all learn from the experiences and struggles of others.
๐จ The fear and self-sabotage I feel when trying to figure out what to do with my father's estate is paralyzing.
๐ฃ๏ธ Affirmations like "I'm going to absolutely crush it" can help shift our mindset and empower us to overcome self-sabotage.
๐จ Trusting the right sources for knowledge and analysis is crucial for making informed decisions in the face of uncertainty.
๐ Gold prices are going up as real estate's going down, showing the revaluation compared to other asset classes.
๐ Your best days are ahead of you, don't be afraid - a message of hope and positivity for the future.
Stay prepared and enjoy your Sunday!
-Ninja Out