BANG another FREE Kale Letter today because it’s Monday and why not.
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Okay today I’m going to keep super short.
Which is insane, because the topic I’m writing about is SUPER COMPLICATED.
Thankfully for YOU, I’ve been researching this for the entire crazy year of 2020…
And I think I have enough clarity to dumb it down for normal people like me and you.
If you want the FULL, DETAILED presentation, I would recommend these resources.
1) This YT video ->
2) This Podcast -> https://www.whatbitcoindid.com/podcast/why-a-currency-devaluation-is-likely-with-lyn-alden
Okay but for those of you with limited time let’s GO.
Basically, no matter who you are voting for on November 3rd, governments around the WORLD have been backed into a corner.
Here’s the punchline right at the beginning then I’ll explain.
They now have ONLY 3 options (seriously).
1) Stop spending money in a DRASTIC way and start paying back debt.
This means the stock market will crash uncontrollably
Everyone will freak out and start hoarding money instead of spending it
We will enter into a depression probably equal to the great depression
2) Cut government programs for hundreds of millions of people
Think “Medicare” & “Medicaid”
Basically, the “Safety Net” that you’ve always thought was there for you when you retire? That you’ve been paying taxes for your whole life? Disappears. Poof.
3) The governments print more money like crazy in order to pay back all of the debt.
The purchasing power of the currencies will drop like crazy
But hopefully it won’t start an instant depression or revolution.
Obviously, you don’t have to be a genius to understand which one the governments are going to chose….
No politician, at least the ones that I’m looking at on my TV every day is going to
1) Tell retirees that they are completely screwed. Not going to happen folks.
2) Purposefully start an economic depression worse than the great depression.
They simply aren’t going to do that. The easiest way out is to just STEAL from you, from me, from the World, by systematically printing more money.
You can watch that video I posted above to learn all about the LONG TERM DEBT CYCLE.
That is what is causing this.
It’s not Bill Clinton’s fault.
Or Obama’s Fault.
Or even Trump’s fault.
No, this is 80+ YEARS.
Everyone you’ve ever known.
It’s “Always been this way”.
It all comes down to one simple concept.
WE (COLLECTIVELY) SPEND MORE MONEY THAN WE MAKE.
That’s it.
You can get into the weeds with how…
Interest rates rise so the fed increases liquidity by injecting dollars into the market which pushes interest rates down but eventually they hit a zero bound and there’s nowhere to go so they have to do FISCAL not MONETARY stimulus to get money in the REAL ECONOMY so REAL people will spend it…
^^^ that’s all true but it’s not that important to know if you just trust me on this lol…
By overspending and overusing CREDIT over the past 80+ years.
We have backed ourselves into a corner where we all know logically that these debts cannot be paid under the “normal system”.
No matter how much you tax your people, you can’t pay it back.
Just search US DEBT CLOCK in Google, if you don’t believe me.
—————
So that’s that.
There’s no reason to stress about it or worry about it.
But it is pretty interesting because it’s one of those unique times in history where you know EXACTLY what is going to happen with something that can make you VERY wealthy…
The governments have to print more money. They have no choice.
SO, things that are valued in that money, that have SCARCITY to them, will naturally go up in price.
It’s like, if you were standing in a room with the mona lisa for sale.
You owned it.
and you were auctioning it off.
Someone shouts, “10 million!”
“20 million!”
and then, all the sudden, this dude rolls a printing press in the room, and starts printing money.
He hands everyone at the auction another 10 million dollars.
The bidding goes INSANE!
“50 Million!”
People are sharing their fake money between them to try to raise the bid up…
“100 million!”
You get the idea.
So if you own things that can’t be PRINTED over the next 10 years, you will do really well.
Here’s what I personally own (you can make your own decisions!)
1) My Business
Good luck printing this! It’s 1 of 1 baby! 100% unique. And if it’s valuable someone will buy it with all of those printed dollars they are making :)
+ I have 100% control over it.
+ it’s the most profitable thing you can do in this life (besides be a celebrity or athlete or something lol)
2) Bitcoin
Go read my last “Kale Letter” I outline in detail why I invest in Bitcoin (in plain English)
Cliff notes? -> THEY CAN’T PRINT ANY MORE OF THIS IT’S THE SCARCEST ASSET EVER CREATED.
3) Gold
Same reasons as Bitcoin just a pretty outdated technology so I’m not that excited about it currently.
Definitely way better than stocks trading at insane multiples that make no sense.
Definitely WAY better than keeping your money in Bank of America.
Hope this helped you.
Let me know in the comments.
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Share this with someone who would benefit from it.
Love ya.
Kale
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