The Daily Ninja 11/11/24
🏦 The Federal Reserve is a private bank that issues money through interest rate manipulation, potentially destroying principles for sustainable development and operating as an out of control system that "kills, steals, and destroys."
💰 Bank of America faces potential losses of up to $800 million due to regulatory issues, which could significantly impact other banks and the stock market.
🚀 Elon Musk reposted a tweet calling for the abolition of the Federal Reserve, suggesting he may support dismantling the central banking system.
🏘️ Open Door, a San Francisco tech company once valued at $18 billion, laid off 30% of staff (300 workers) in September 2023, following a trend of 550+ job cuts in 2022-2023.
🌐 Putin outlined a new global order that could potentially disrupt established international economic and political structures.
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💣 95% of crypto traders lose all their money, including gains, according to statistics, highlighting the extreme risk in cryptocurrency trading.
🔮 Joe predicts a potential market crash in 2026, warning investors to be cautious despite his optimistic forecasts for Bitcoin's growth.
🎢 When Bitcoin peaks and starts declining, money historically flows out of Bitcoin into altcoins, with examples like Ethereum rising 30% and Shiba Inu 300% in past years.
📈 Joe's prediction of Bitcoin reaching $75,000 and $80,000 by October 2022 came true, lending credibility to his forecast of $100,000-120,000 after a weekly close above $80,000.
📉 Despite bullish predictions, Joe expects a pullback in Bitcoin's price eventually
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💥 Counties delaying tax auctions until 2025 could lead to a massive deluge of property foreclosures, potentially causing panic in the media and market disruption.
🕒 In some states like Georgia, being late on tax payments by just 1 hour can result in owing the full interest penalty within that same hour of the auction.
📊 Tax lien states charge fines on a per-month basis, such as 1.5% per month, plus additional penalties, potentially leading to significant financial burdens for property owners.
🔮 The Ninja predicts a massive wave of property auctions in the next 3-4 years, encouraging viewers to prepare in advance for this "opportunity" to capitalize on others' financial distress.
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🏦 The Federal Reserve has been secretly loaning out gold to other countries, making it difficult for nations to repatriate their gold reserves, according to the Indian Express.
🇩🇪 Germany attempted to repatriate its gold from the Federal Reserve in 2019, but Ben Bernanke stated it would take up to 7 years to unwind contracts.
🇮🇳 India is bringing back 850 tons of gold from vaults in Mumbai, while the US is the only major country not buying gold in large quantities.
🌍 Multiple countries are buying gold to reclaim reserves lost during World War II, suggesting a lack of trust in the current global financial system.
💰 The Reserve Bank of India reports that nations are actively purchasing gold, potentially indicating a shift away from traditional currency reserves.
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