Hi friends.
Welcome to your August 2021 monthly newsletter.
Yesterday, the RBA left official interest rates on hold at just 0.1%... despite the current wave of lockdowns and their dampening effect on the economy.
Well, they don’t really have room to move do they? 0% anyone? Or negative interest rates? How would you like to pay the bank to hold your money for you?
That’s what you’ll get sooner or later I’m predicting.
Sooner if government continue to destroy the economy with unnecessary and illegal lockdowns. Later when they try to introduce their government cryptocurrency, the ‘Kangaroo Coin’ (I just made that name up)!
But don’t worry, these ultra-low interest rates have fuelled the sacred property market, with Corelogic reporting a 16.1% increase in housing values over the past 12 months.
No mention of the thousands of small businesses being crushed by lockdowns, their staff members out of work, or the wholesale attempted destruction of the middle class.
I think it’s time to get ‘real’, real quick. China and Russia have. They’re stocking up on real money assets of Gold and Silver ‘like there’s no tomorrow’.
Be sure to watch my video Success Tip of the Month about eliminating ‘Third Party Risk’.
I also think it’s time to get ‘decentralised’ real quick – El Salvador and Paraguay have. They’ve officially gone to the Bitcoin standard, as legal currency.
Mexico’s 3rd richest man, Ricardo Salinas Pliego, has come out and said “Fiat is a fraud. Look, I started my career in 1981, the Mexican Peso was 20 to 1 US Dollar. Today we are at 20,000 to 1. It’s absolutely right to buy Bitcoin”... he’s called it, “The New Gold”.
Be sure to access our Crypto Market Update and Gift of the Month.
Get Educated Now.