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Bitcoin Bottoms, The Fed Flails, BRICS Launch "New Global Reserve Currency"

quoth the raven's Photo
by quoth the raven
Saturday, Jul 23, 2022 - 12:01

So ends another great week for Fringe Finance, as the blog continues to pick up steam with over 21,000 subscribers and articles garnering nearly 200,000 reads over the last week. I couldn’t do it without the help of people like yourself, who have been kind enough to stop by, read and drop your email address.


🔥 FLASH SALE, THIS WEEKEND ONLY, 70% OFF FOR LIFE: I had a record breaking response to one article this week, but before I get into that - for those of you that have the means and want to become a paid subscriber, I’d love to offer you 70% off for life, which never expires, by using the button below: Get 70% off forever


Paid subscribers get access to all of my posts, including my portfolio updates, where I lay out what I am trading and why. For those who have been following the blog for a while, you’ll notice that a majority of the posts have been locked for paid subscribers. After a successful first year for the blog making much of the content free, this is a conscious shift I am making to trying to monetize a bit more.

Russia and China announce a new global reserve currency

I have nearly 100,000 reads on my most popular article of the week, wherein I describe exactly how Russia and China are teaming up to take on the U.S. dollar with their own reserve currency. It’s a stunning story, free for all to read, and of course nobody in the West has noticed or gives a shit about it. Go figure.

Russia And China Officially Announce A "New Global Reserve Currency"

Since the beginning of the year, I have been writing about the possibility of Russia and China challenging the US dollar’s global reserve status. Now, it’s happening.

As of this morning, the piece has been read more than 83,000 times.

 

 

Bitcoin will bottom as the Fed looks to pivot

My good friend Lawrence Lepard talked bitcoin, macro, gold and equities this week in his latest EMA2 letter, which Fringe Finance has obtained and shared with permission.

"Bitcoin Will Bottom As We Get Closer To The Fed Pivot": Lawrence Lepard

The Fed risks imploding the entire global economy

Larry also talked about the ramifications of the Fed’s policy on the global economy. He writes how the challenge for Jerome Powell is that conditions today are substantially different than the 70s. Federal Debt to GDP is much higher today at 125% vs. only 30% in 1980. If  the Fed is not careful, they could implode what is a highly levered global financial system, he writes.

Fed Risks Imploding The Highly Levered Global Financial System: Lawrence Lepard

A look into my portfolio

Last Friday I released a relatively comprehensive and way overdue look into my personal portfolio. I talked about:

  1. My thoughts on macro and where I believe the market may be heading in the next few weeks/months.

  2. My take on both commodities and equities, including stocks I own and am actively buying, in addition to how I am hedging.

  3. Updated thoughts about the state of crypto and Chinese stocks.

You can read my entire report here:

Trading The Shit Show: July 2022 Portfolio Update

More crypto blowups are coming

I also wrote another article last week explaining why I believe more crypto blowups are on their way.

I was stunned this past weekend when a friend of mine shot me an interview with FTX CEO and crypto billionaire Sam Bankman-Fried that I had never seen before.

Of course, many of us knew that the space was a ponzi scheme already - as I have been adamantly outspoken about - but it was the sheer, unadulterated, matter-of-fact-style, bald-faced admissions by Bankman-Fried that caused my jaw to drop when I read it and listened to it this week.

His comments were alarming and lead me to believe that many of the crypto blowups we have seen so far (Terra, Celsius, Voyager) are only just the beginning. You can read my thoughts here:

The "Magic Ponzi Business" Of Crypto Yield Farming Hasn't Even Begun To Blow Up Yet

It follows this article I wrote two weeks ago:

"Secretly Insolvent" Companies Ensure Crypto Chaos All But Certain To Continue

The Fed will be behind the inflation curve for “at least a decade”

Additionally last week I published the latest thoughts from my friend Mark Spiegel, who wrote about Tesla, and why he thinks the Fed will be behind the inflation curve for “at least a decade”.

This Fed Will Be Behind The Inflation Curve For "At Least A Decade": Mark Spiegel

Economists are changing the definition of recession

How much of a word salad can the government and Fed engineer? They have already done it in a way to make the population think 2% inflation targets are “normal”. Can they do with now with the definition of “recession”? So says my dear friend Kenny Polcari, who wrote two weeks ago to "expect to see more volatility and angst" in markets.

Economists Are Working To Change The Definition Of "Recession"


🔥 FLASH SALE, THIS WEEKEND ONLY, 70% OFF FOR LIFE: I had a record breaking response to one article this week, but before I get into that - for those of you that have the means and want to become a paid subscriber, I’d love to offer you 70% off for life, which never expires, by using the button below: Get 70% off forever

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