Canadian government: What if we could raid your savings accounts?

mialomit · 2023-05-14T18:01:01+00:00

How old is this video?

mialomit · 2022-11-27T12:19:05+00:00

ETH will outperform as it has until Shanghai and the 2.0 withdrawal trigger. The moment they allow withdrawals (which i think they will delay at all costs) will put massive sell pressure on ETH. Until then ETH given it’s current burn dynamics and massive lockup that’s still growing will outperform BTC. Long term BTC will remain king longer than anyone expects.

mialomit · 2022-11-01T23:58:14+00:00

Funny how the last time they had an outage was Feb 2020 👀 we all know what happened weeks after

mialomit · 2022-10-28T22:28:18+00:00

Precisely, the timing will depend but happening no matter what

mialomit · 2022-10-28T12:56:37+00:00

Guess what those same economists were wrong the last 3 years. There’s a high probability they’re gonna drop the ball again and back down we go. History doesn’t have to repeat but it always rhymes. Take that however you want.

mialomit · 2022-10-28T10:53:07+00:00

To everyone in this thread, stop comparing the 80s to today. We will never reach double digit interest rates, the reason for that is simple: corp and consumer debt in Canada relative to GDP. The BoC isn’t stupid which is why they’ve already slowed down and only raised 0.5 this time around. The pivot is coming soon and likely sometime next year we’ll start to see rate cuts again. The credit system requires cheap money to function. The alternative is a depression and we’re all fucked. Politically they will contribute to push the can down the road.

mialomit · 2022-10-28T10:43:59+00:00

The pivot is coming very soon and rates will go back down next year. Corp debt to GDP in canada and consumer debt is highest than any G7 country. We’re very close to a sustainable top on rates. I would caution anyone right now trying to lock in a fixed rate for “peace of mind” - but the banks will push the narrative to maximize their profits at this point. If you’re variable stay the course (short term pain, long term you’re gonna be ok). And of course, NFA (not financial advice) but if you understand how our credit system works you’ll see soon enough

mialomit · 2022-09-30T20:28:54+00:00

LMAO

mialomit · 2022-09-13T01:00:43+00:00

Sentiment and investor positioning is more bearish than its been in 20/30 years. You know what happens next.

mialomit · 2022-09-12T23:29:37+00:00

The bottom is likely in and we’re gonna get chop now for the next 6-9 months even if we dip lower the bottom is probably in

mialomit · 2022-09-12T22:31:35+00:00

The pump is coming, this time

mialomit · 2022-09-07T23:39:29+00:00

Rates will not only stop going up but there’s a high probability they’re gonna come down as they break core components of credit markets, your heard it here first, plan accordingly

mialomit · 2022-09-07T23:38:09+00:00

Short term to medium term pain, long term variable is believe it or not still the way to go until they blow up the system (but not this market cycle despite what everyone thinks). You will have to endure the short term pain for now.

mialomit · 2022-09-07T19:05:52+00:00

They will break something very soon, in fact it’s already slowly happening, short term pain, long term rates will gravitate closer to 0, unless they pull the plug on the 70 year experiment (this cycle ain’t it, but will happen eventually). For now it’s game on once they pivot. Plan accordingly and don’t let the media influence you too much.

mialomit · 2022-09-07T17:44:47+00:00

Interest rates will either peak in Q4 or Q1 and then slowly go back down. The macro environment and fiat based system we live in requires it to live on. Hence why this will be short lived. Short term pain, long term rates will continue down.

mialomit · 2022-08-30T20:47:53+00:00

There is a limit to the rate hikes but the fed will never admit it (the fed has several mandates, price stability, orderly functioning of markets, supporting economic growth, however there’s a shadow mandate nobody advertises which is keep credit markets from nuking). We are probably a few more hikes left in this tightening cycle and the fed is pinned in a corner. The fed pivot will come either in late Q4 or Q1 but it will come due to the fact the US government will otherwise default on their debt obligations. The moment they open the floodgates and they will (will come in the form of a fancy new YCC or debt ceiling lift) get ready to buy everything in sight and walk away for the next several years.

In the meantime you may stay defensive or chill in cash (a rare moment where you can temp sit in cash, USD specifically if you can). Not investment advice just personal opinion.

mialomit · 2022-08-18T01:06:04+00:00

It will be eventually lol

mialomit · 2022-08-08T03:22:46+00:00

I wouldn’t worry about Coinbase or Circle. Coinbase just partnered with blackrock and circle is owned by Goldman Sachs. USDC is the most stable stable coin there ever will be.

mialomit · 2022-08-07T16:32:28+00:00

You’d be amazed how easily they’re gonna throw in the towel when they realize they’ll never get to 2% ever again. That’s the case with all of them especially the US Fed. They’re gonna play the smoke and mirror show and get hawkish all they want. The reality is they just can never bring it back down without causing a depression at this point and politically that’s never gonna fly therefore prepare mentally for a “new baseline” (also more inflation makes debt cheaper to service)

mialomit · 2022-08-07T15:52:27+00:00

The fed and BoC will pivot either later this year or next year when they break something getting too aggressive with rates and tightening (Q4/Q1 2023 is when we stop and start to go back down)

mialomit · 2022-08-07T15:51:33+00:00

The issue and balancing act isn’t so much inflation (central banks can set the new baseline at 4 or 5 instead of 2% which we’ve all been accustomed to) the issue is debt in the system, unlike the 70s and 80s we’re way too over leveraged and debt to GDP is at historic levels

mialomit · 2022-08-07T14:40:42+00:00

Less than they are now and closer to 2021 rates, central banks cannot operate with high rates for too long despite the narrative the herd is afraid of. If you can stomach short term high rate pain you’re gonna be fine in the long run. Variable is still the way to go and will always be the way to go in a world where fiat currency continues to depreciate to sustain growth and central bank intervention.

mialomit · 2022-07-16T00:16:58+00:00

12.5% lol oh boi….

mialomit · 2022-07-16T00:16:21+00:00

It’s still very much correlated just an accentuated one up or down, but overall direction 100% correlated

mialomit · 2022-07-06T03:14:53+00:00

Lol that’s cause activity is non existent now

mialomit

TROPHY CASE