Hi Readers
So we are now starting to see the cracks appear and yet regardless of the central banks trying to prop up asset prices, there comes a time where the piper wants to be paid back for the money lent.
For those of you on the country you will have witnessed how grain prices are creeping up and yet the city slickers have no idea whats about to hit them.
Increases of 15-25% on staples is coming, bread, chicken,meat,eggs,rice and pasta just to name a few.
This is where regardless of what the city is doing the country is what will affect the city moving forward.
Yes that word called inflation has come and while the numbers coming out are complete bull shit, they keep the bond vigilantes at bay.
Anyone who does the grocery shopping will tell you that cost are up by 15% from a year ago.
Yes even Australia now uses American economics, exclude everything that goes up.
But now with all commodities rising above and beyond what many expected numbers are creeping up,world wide.
Oh we are waiting for wage inflation to kick in!! Really try asking your boss for a wage increase and the first thing you'll see is the door.
Want proof, the reserve bank of Australia has sacked in the last 4 months 25%of its work force due to staff asking for a pay rise.
Workers ended up with a 2.5% pay rise instead of what they where asking for 8%, and to pay for it they sack 25% of them.
To the Crypto believers everyone has become a professional crypto analyst.
Oh yes and you will all make millions playing in it too, how foolish so many people are.
I say this because farmers who no longer farmer to textile owners are now expert crypto traders.
Let me tell you something which I have told some of you privately, in a bull market everyone makes money and you don't need to be smart to buy and hold.
Its when markets begin to shake that the cream rises to the top.
I've said it before on 5% of crypto projects are valid the rest are all dream and crap, while you have suckers paying up shit rises, but when new players stop playing then price discovery comes along.
As is the case now, Ive heard the stories like so many of you a $100k bitcoin and all the other pie in the sky dreams and you know what that might happen, what about if it doesn't whats the get out strategy.
I've discovered that 98% of so called crypto experts have no strategy, buy, hold, hope, pray.
I only know one individual who bought near the highs in 2017 and held until now.
Be smart there is a time for accumulation and investment and that,s not the time now.
I have to disclose I don't hold any crypto assets at the present time, except 100,000 STMX at 4.8cents AU.
They are a 2028 investment.
I do not hold any Bitcoin or Eth or anything else.
I've said it before we are at the 4 year cycle and if you believe in this theory then this is the top year.
Also after Bitcoins halving 15-18 months later bitcoin goes into a bear market.
Now if Bitcoin goes down what do you think the Alts will do?
No point asking me if its time to buy Crypto assets for a bounce, a fools bounce is what professional money looks for to sell into.thats why so many are caught out at $60k waiting for it to come back up.
Yes there are also many who are holding bitcoing at 55k and 50k, then you have those who believe in Fibonacci levels at 45K.
As I'm typing this up its currently at 37.2k
Yes i got out a little to early as i used my stockmarket money management rules, but last time I checked i still have my money while most are stuck at high prices with no cash and wearing losses.
Just something to think about people thats all be smart .
