Money/inflation, the Fed, Banking, Monetary Policy, Dollar, BTC, crypto, Gold

[Crafty_Dog]

I suspect he is considering himself to be Dem version of Trump in the next election cycle.

[ya]

Two BTC charts, slightly different tops

[ccp]

https://www.foxbusiness.com/media/larry-kudlow-here-warning-economy

Even NPR which calls jobs report "stunning" says this:

"Friday's report shows 150,000 people joined or re-joined the workforce last month. Much of this growth is driven by immigration. The foreign-born workforce has grown rapidly over the last year, adding 1.4 million workers, while the native-born workforce shrank by nearly 600,000 workers.

Were it not for immigrant workers, job growth might well have stalled. The decline of the native-born workforce is primarily the result of baby boomers retiring. By contrast, the share of people in their prime working years (25 to 54) is near an all-time high."

https://www.npr.org/2024/10/04/nx-s1-5140039/labor-market-jobs-economy-interest-rates#:~:text=Friday's%20report%20shows%20150,000%20people%20joined%20or%20re-joined%20the%20workforce

[Crafty_Dog]

Retiring boomers are being replaced by mostly unskilled, mostly uneducated, and mostly limited English illegal aliens?

Somehow that does not ring quite right , , ,

[ya]

Waiting for this...remember Oct and feb/March are the big turning points

[DougMacG]

Retiring boomers are being replaced by mostly unskilled, mostly uneducated, and mostly limited English illegal aliens?

Somehow that does ring quite right , , ,

So-called "Replacement Theory" (is not a theory).

Imagine we replace the inflow of illegal, mostly poor and unskilled with legal immigrants, people with skills we need who pass background checks, learn our language and pay their entry fee to buy down our debt instead of to enrich and empower criminal cartels.  Workers and entrepreneurs who come in reasonable and manageable numbers chosen by we the people to fit our needs, not just theirs.

[Crafty_Dog]

Please note that I just went back and inserted the missing word "not" as in "does not ring right."

[Crafty_Dog]

https://www.msn.com/en-us/money/markets/bitcoin-market-braces-for-volatility-as-us-prepares-4-38b-silk-road-asset-sale/ar-AA1rTx8y?ocid=msedgdhp&pc=U531&cvid=c542d2a5ca474ce7a3028cc7fa806433&ei=44

[ccp]

https://www.msn.com/en-us/money/markets/fed-s-goolsbee-shrugs-off-cpi-report-points-to-inflation-trend/ar-AA1s28d2?ocid=msedgntp&pc=DCTS&cvid=5b252610af12479681594054348e7b98&ei=26

 

[Crafty_Dog]

📝 What you need to know
Cumberland, the Chicago-based crypto trading subsidiary of DRW, was hit with charges Thursday by the U.S. Securities and Exchange Commission (SEC), which alleged that the firm handled billions of dollars worth of unregistered securities. The SEC also named some of its recurring targets in the filing, such as Solana and Polygon.

For its part, Cumberland says it will fight the charges and that it won’t change anything about its business amid the SEC action. Once upon a time, DRW took on the the CFTC when Gary Gensler—the current SEC Chair—was in charge. And DRW won.

“We’re ready to defend ourselves again,” Cumberland tweeted Thursday.

[Crafty_Dog]

https://decrypt.co/285872/wall-street-bull-run-bitcoin-dominates

[ya]

This analyst, whom I think highly off has analysis using various techniques, such as liquidity, a top in Jan 2025, or 1Q 2015. Interestingly, Martin Armstrong's array model using entirely different technique gives  a panic cycle in Feb 2025 too.

This post from Aug 2024 seems about right so far..BTC at 66K 

[ccp]

https://en.wikipedia.org/wiki/Cross_of_Gold_speech

His original and conserved speech recordings interesting.

The silver standard apparently led us into recession while returning to gold seemed to fix it from what little I know.

Now of course, post Nixon we are off both.

[Crafty_Dog]

Saw a super interesting documentary on the historical context of the Gunfight at the OK Corral.   Apparently silver mining and getting the product to the financial markets without it getting robbed was a big part of the story.

[ccp]

https://finance.yahoo.com/news/bitcoin-jumps-traders-weigh-china-055859218.html?fr=sycsrp_catchall

But with crats the devil is in the details.
just pass the bill to read it and find out what is in it

Somehow I would think they are dreaming how to tax it for more programs....

[Crafty_Dog]

Perhaps it is as simple as BTC money is showering both sides with money , , ,