TGIF, Ep 269
NZ Everyday Investor
Bit Coin
The price of bit coin may be 22 thousand dollars us. But that's when the current global system is actually still functioning. What happens if there's global hyper inflation and civility is destroyed overnight? In your own master plan, you need to consider the world where bit coin, or other alternative stores of value and mediums of exchange are worth millions.
For one of the scenarios outlined in this podcast to come to fruition, the US had to be significantly weakened. I believe we witnessed this with the events that unfolded on the 3rd of August (NZT) 2022, where the US pulled out of the opportunity to stand with Taiwan through actions, and not just words. We're living in rather odd times.
It appears the US lost a game checkers to China, who's clearly been playing a game of chess.
It would be disingenuous to say the least, talking about building wealth without simultaneously talking about protecting it. Change is coming - and there ARE things you can do about it. Ignoring what's happening in the world right now, just because it scares you though, well THAT is a very high risk investment strategy.
At the time of recording, I had no idea of the events that were unfolding at the same time, where the US lost a game checkers to China, who's clearly been playing a game of chess.
It would be disingenuous to say the least, talking about building wealth without simultaneously talking about protecting it. Change is coming - there ARE things you can do, but ignoring what's happening in the world right now, just because it scares you, is a very high risk investment strategy.
While the world is watching what they believe is a kinetic war unfold, elsewhere, the war's just getting started.
If you're still investing as if everything's getting back to normal, honestly, that's awesome. If you're investing in such a way where it isn't, even just a little, better still.
Further reading:
https://forkast.news/china-banned-bitcoin-mining-became-no-2-bitcoin-miner/
https://www.statista.com/statistics/267998/countries-with-the-largest-gold-reserves/
https://www.npr.org/2022/06/17/1105896419/russia-putin-speech-sanctions
https://news.bitcoin.com/targeting-the-us-dollars-hegemony-russia-china-and-brics-nations-plan-to-craft-a-new-international-reserve-currency/
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