Ed's future and reputation depends on it. He's great but understand his money is positioned to gain as things collapse. If he's wrong, he loses, and that's a risk he's willing to take as an investor. Just don't think that anyone with big money positioned short can be "unbiased" :)
He's not just talking about the stock market though. He's talking about the banking system. He said there will be currency Wars which I believe. The goal is to move us to cbdc's and if people have no money they will kill each other to eat..
Wow. I do a little trading myself so I understand a little of what was written though a lot went way over my head. I have to admit, Dowd does make me nervous because Malone is the one that brought him in. I do not trust Malone. Honestly I hope to God he's wrong. I'm so tired of the fear mongering. It's becoming a chore to get out of bed some days. It's like you want to pay attention and keep up with what's happening but at the same time the stress from doing that is torturous. Thank you so much for sharing that substack. I don't read as much as I used to because I've been working a lot but that is one that I subscribe to and I like Matt's stuff.
Even Ed admits that even if hes right it could take years and there will be powerful countertrend rallies in between downlegs. We're probably in one now with some sectors. Investing can be simple but its hard. Anyone telling you otherwise Is kidding themselves or talking their book (pumping investments they already hold)
"I had said in articles since March 2021 that when Bitcoin (BTC-USD) traded above $60,000, government regulation and central bank digital currencies would hurt the industry. This week took a step closer to ending the decentralized dreams.
You could be right. I've always assumed Satoshi was the NSA/CIA and it would be allowed to run until 80% adoption rate to train folks for CBDC. We are no where near the average citizen having any holding in crypto. I think we could run a lot more. Who knows?
Crypto is the money equivalent of alternative media.
It's a cult in itself and anti-establishment.
As far as I see it, it's got nothing to do with CBDC - just the opposite in fact.
The blokes at the top of the money game are playing on the weak and silly to believe digital currency (CBDC) is just another form of crypto - and how cool govt endorsed crypto YAY!
In truth, just more manipulation.
The crypto exchanges love it, they make fees on both sides of the crypto transaction - buy or sell.
My late old man had a great expression: "a fool and his money are soon parted".
Bonus: Here's a "pivot clue" from Ed Dowd:
https://gettr.com/post/p2bnalz0131
Ed Dowd just said on Bannon that the entire banking system will implode and US will end up in a kinetic war with each other. Good times. 😭
Ed's future and reputation depends on it. He's great but understand his money is positioned to gain as things collapse. If he's wrong, he loses, and that's a risk he's willing to take as an investor. Just don't think that anyone with big money positioned short can be "unbiased" :)
He's not just talking about the stock market though. He's talking about the banking system. He said there will be currency Wars which I believe. The goal is to move us to cbdc's and if people have no money they will kill each other to eat..
The flaw in that is that if the big banks really go down en masse there's no one to pay off the derivatives etc that Ed is betting with, and he loses too. Who knows https://roundingtheearth.substack.com/p/the-big-short-a-warning-about-ed
Wow. I do a little trading myself so I understand a little of what was written though a lot went way over my head. I have to admit, Dowd does make me nervous because Malone is the one that brought him in. I do not trust Malone. Honestly I hope to God he's wrong. I'm so tired of the fear mongering. It's becoming a chore to get out of bed some days. It's like you want to pay attention and keep up with what's happening but at the same time the stress from doing that is torturous. Thank you so much for sharing that substack. I don't read as much as I used to because I've been working a lot but that is one that I subscribe to and I like Matt's stuff.
Even Ed admits that even if hes right it could take years and there will be powerful countertrend rallies in between downlegs. We're probably in one now with some sectors. Investing can be simple but its hard. Anyone telling you otherwise Is kidding themselves or talking their book (pumping investments they already hold)
All it took was the realization that bidenopathy has hit where it hurts most.
Counterpointe:
"I had said in articles since March 2021 that when Bitcoin (BTC-USD) traded above $60,000, government regulation and central bank digital currencies would hurt the industry. This week took a step closer to ending the decentralized dreams.
The IMF introduces its Unicoin currency
https://seekingalpha.com/article/4595438-its-been-a-bad-week-for-bitcoin-bulls?mailingid=31234443&messageid=2800&serial=31234443.12597&utm_campaign=rta-stock-article&utm_medium=email&utm_source=seeking_alpha&utm_term=31234443.12597
There does NOT appear to be any historical precedent for the stock market to collapse by 50%, all tangible assets to turn to dust, and only gold will survive given a banking crisis where Biden and Yellen sit on each other’s hands and do nothing. Trust me. Every major Democratic donor will be screaming https://www.armstrongeconomics.com/world-news/banking-crisis/the-1933-bank-holiday-can-it-happen-again/
I bought into the bitcoin and ethereum casino.
I did it as a test - so like gambling I must be prepared to lose the lot.
I put in the local South African currency equivalent of USD 1,500 just under two years ago.
Even after this recent rally it's still only worth USD 770.
Not a great return.
But people will tell you otherwise.
Truth is crypto cannot succeed, just going off grid or tossing your smartphone in for a dumb phone cannot succeed.
The big players simply won't let it succeed.
Just like the big boys are now getting the ICC to indict Putin because they cannot take him out any other way.
You start seeing a certain personality type here - those who honestly believe in someone who'll be holding the light at the end of the tunnel.
Like all the corrupt big boys at Pfizer, Moderna and AstraZeneca are going to be on the inside very shortly.
You gotta be bonkers to think all this.
You could be right. I've always assumed Satoshi was the NSA/CIA and it would be allowed to run until 80% adoption rate to train folks for CBDC. We are no where near the average citizen having any holding in crypto. I think we could run a lot more. Who knows?
Crypto is the money equivalent of alternative media.
It's a cult in itself and anti-establishment.
As far as I see it, it's got nothing to do with CBDC - just the opposite in fact.
The blokes at the top of the money game are playing on the weak and silly to believe digital currency (CBDC) is just another form of crypto - and how cool govt endorsed crypto YAY!
In truth, just more manipulation.
The crypto exchanges love it, they make fees on both sides of the crypto transaction - buy or sell.
My late old man had a great expression: "a fool and his money are soon parted".
My limit of foolishness is USD 1,500.