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Top Three Videos – March 28, 2024

J. Michael Oliver: Knowing Murray in the Early Years and Why Rothbard and Rand Would Relish 2024 (March 26, 2024)

Mises Media...

Summary

 

The current bull market is the biggest bubble in stock market history, and the economy and stock markets are about to enter a phase of sudden and unexpected changes.

 

Economic and Market Predictions

 
  • The methodology developed by J. Michael Oliver has been highly accurate in predicting stock market tops and bottoms.
  • “We’re entering part three of Atlas Shrugged in terms of real world events.”
  • The current bull market is the biggest bubble in stock market history, far bigger than even the 29 bubble which was also monetarily stimulated.
  • Delusional errors made during a bubble of this size and age must be enormous.
  • The economy and stock markets are about to enter a phase of sudden and unexpected changes.
  • Gold has been a smart metal for 3,000 years, surviving collapses of governments and wars.
  • The government’s access to Bitcoin and potential control over it could be a negative factor for its future use as a currency.
  • Commodities are still vastly undervalued, and the Bloomberg commodity index is about to move up in sync with gold, resembling the late 70s market situation.
     

Influence of Ayn Rand and Murray Rothbard

 
  • Ayn Rand’s novels and the movie Fountain Head had a huge impact on her audience, contributing to the popularity of her ideas.
  • Murray Rothbard would be delighted to see the size of the audience and the growth of the movement he created.

Fernando Nikolic: Narrative Shifts: Bitcoin and Javier Milei (March 26, 2024)...

Robert Breedlove...

Summary

 

Bitcoin’s perception in mainstream media is shifting positively, with increased coverage and curiosity, and Bitcoiners are encouraged to support and educate newbies while staying humble and not making uninformed judgments about political figures.

 

  • Mainstream media outlets are starting to cover Bitcoin in a more positive and understanding way, reflecting a shift in perception.
  • The mainstream media is starting to write about Bitcoin in a more naturally curious way, asking genuine questions, which is very healthy.
  • The approval of the Bitcoin ETF resulted in the highest amount of media coverage for Bitcoin on that day, with the majority of the coverage being positive.
  • Bitcoin’s predictable supply issuance schedule makes it hard to break and valuable, but it will take time for people to understand and adopt this concept.
  • Hyperinflation in Argentina led to a chaotic currency transition, causing families to lose everything and immigrate to other countries.
  • Money printing and taxation are forms of aggression against private property, leading to a dissolution of the moral fabric of society.
  • Argentina ended its first month without a deficit in 16-17 years, showing the positive impact of reducing costs and not spending more money than they have.
  • Milei’s plan to eliminate the central bank and adopt Bitcoin could set a new economic pattern for other countries to follow.

John Rubino: Everything You Think You Know About the Trump Appeals is Wrong (March 25, 2024)...

Financial Survival Network...

Summary

 

There are potential economic and political implications of Trump’s appeals, including the possibility of stagflation, a loss of faith in fiat currencies, and the use of social media to finance his campaign.

 

  • Crypto Bitcoin is back over 70,000, a shocker of all shockers.
  • The government stimulating the economy at a time of high inflation and record stock prices could lead to stagflation, reminiscent of the 1970s but on steroids.
  • Central banks buying massive amounts of gold implies they see currency turmoil in the future and want rock solid assets to back up their currencies.
  • Nvidia and anything related to AI are giving us a dot-com like bubble at the same time, creating a potential crash for the ages.
  • The platform going public could serve as a backdoor way for people to donate to the Trump campaign, generating tangible wealth for him.
  • The Trump appeals court decision in New York reduced his bond requirement from $454 million to $175 million, perceived as a win for Trump.
  • Trump may appeal to the Supreme Court, but they have discretion on whether they want to hear the case, especially if it’s down to 10 to 20 million.
 

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