Top 10 Tweets - Weekend edition
Be fearful when politicians run our monetary policy
|Kurt Grela||Mar 29|
The government calls it 'inflation'. I call it theft. When you water down the potency of peoples labor through currency debasement it's invisible to the average man at the time but effectively your stealing human labor by diluting the peoples purchasing power.
Years ago it was unfathomable to spend a trillion dollars in a single piece of legislation. Now they spend a trillion dollars like it’s nothing and will continue. Your hard earnings and savings. Gone.
Long-Term Holders ramped up selling after ATH, maxing out around $27K-$32K Since early February(Tesla announcement 2/8), they've dramatically stopped selling, an indication that smart-money believes this Bull Run is going much higher.
The New Zealand pension fund, KiwiSaver, invested 5% of their growth fund into last year. The orange circle is when they bought it.
has been at this price at some point during 5 of the past 6 weeks. We are still consolidating the Dec-Feb run up. The rubber band is winding up for another upside move. A move to $50k by Apr10-12 likely means $80k Bitcoin over the following 75 days. 🚀🔥
Biden passed a $1.9 trillion stimulus package a few weeks ago. He has already said he wants to pass a $3 trillion infrastructure package. Now he wants another COVID stimulus package in April. We should be fearful when politicians run our monetary policy.
If you bought a Tesla Model S in 2012, your $77,000 car would be worth approximately $40,000 today. If you had invested that same $77,000 in Tesla stock, you would have over $7 million today. Invest your money instead of buying material things.
The biggest mistakes I’ve made in investing happened when I backed great ideas and technology. Now I just back great people.