Day: December 13, 2024

Peter Thiel: The consensus in Washington is that DOGE is going nowhere, but I’d say you should never bet against Elon.

“The strong consensus view in the D.C. establishment is that this is going to go nowhere. That it’s just absolutely impossible to fix things, and this is going to be a very frustrating dead end. The alternate view, I would say, is you should never bet against Elon. We all know there’s an extraordinary amount of waste, and it is unsustainable. The 6% GDP deficits the US has cannot be sustained. They probably cannot even be sustained for even the rest of this decade. There are two ways to resolve them. You can cut spending and cut waste, or you can raise taxes massively. I take this election in the US for standing for the proposition we’re not going to go the European-style socialist route of having massive tax hikes. That suggests you need to try something like the DOGE thing. And that’s actually what is going to happen.” Interview with @PiersUncensored, December 12, 2024 submitted by /u/XGramatik [link] [comments]

Published
Categorized as Reddit Post

Satellites could be destroyed due to a solar superflare – scientists.👇🏼

According to a study, the Earth is close to a new solar cataclysm – a superflare that could destroy satellites, cut off power to cities and disrupt communications around the world. The last such outbreak, the Carrington event in 1859, knocked out telegraph networks. Today, such a disaster would be fatal to high-tech infrastructure. Meanwhile, astronomers are preparing ESA’s Vigil satellite, which will begin monitoring solar activity to minimize risks. submitted by /u/Denchock [link] [comments]

Published
Categorized as Reddit Post

Silver Price Forecast: XAG/USD retreats below $32.00 amid high US yields

Silver struggles at $31.00, declines over 1% to test the 100-day SMA amid rising US bond yields. Technical outlook sees potential consolidation between the 100-day and 200-day SMAs, with key support at $29.49. Resistance levels ahead at $31.00 and $31.64, with potential upward movement towards $32.00 if regained. submitted by /u/Denchock [link] [comments]

Published
Categorized as Reddit Post

Exactly 14 years ago, Satoshi Nakamoto made his last post on the Bitcoin forum and vanished without a trace. Imagine if he had stuck around – would it have boosted confidence and sped up the rise of a new financial system? Maybe.

But here’s the thing: His exit was probably the best move for Bitcoin. It went from being tied to one person to being truly decentralized. Bitcoin proved it’s not about one individual – it’s for everyone. That decision helped make BTC timeless and independent. submitted by /u/glira31 [link] [comments]

Published
Categorized as Reddit Post

Crude Oil in orbit around $70.00, looking for a weekly close above it

Oil prices are in search to end the week on a high note by attempting to close above $70.00. Traders are torn in their choice between a possible short term upside against a long term bearish turnout. The US Dollar Index trades below 107.00 and fails to hold onto gains. submitted by /u/Denchock [link] [comments]

Published
Categorized as Reddit Post

They’re coming for you… First Precedent: A Texas resident sentenced to two years in prison for evading cryptocurrency taxes.

Texas resident Frank Richard Olgren III was sentenced to two years in prison and ordered to pay restitution for underreporting profits from Bitcoin sales. This marks the first criminal case of tax evasion entirely tied to cryptocurrency, according to a press release from the U.S. Department of Justice. The DOJ noted that Olgren was one of Bitcoin’s early investors, purchasing coins as far back as 2011. According to the department, starting in 2017, he began reporting false information to the IRS about the purchase price of his bitcoins, inflating the figures. That same year, Olgren bought a house partly funded by proceeds from Bitcoin sales. Prosecutors stated that in 2018 and 2019, he concealed income from cryptocurrency sales by using multiple wallets and converting bitcoins into cash. The report also mentions that several years earlier (in 2014), he wrote in a blog about crypto mixers he used to obscure details about his holdings. In addition to a two-year prison sentence, Olgren must pay the United States approximately $1.1 million in restitution. submitted by /u/XGramatik [link] [comments]

Published
Categorized as Reddit Post

📊🤓🤔USD/CHF faces a crucial resistance area at the 0.8940 level. The RSI shows an overbought conditions, while the price faces the upper Bollinger Band, that gives us a Counter-Trend Impulse Strategy setup!🧐

USDCHF faces a crucial resistance area at the 0.8940 level. The RSI shows an overbought conditions, while the price faces the upper Bollinger Band, that gives us a Counter-Trend Impulse Strategy setup! ⚡️ Also, the UsDollar is in the decline while the 9-MA crosses the 14-MA, which gives additional strength for the Swiss Frank. submitted by /u/Yuriy_UK [link] [comments]

Published
Categorized as Reddit Post

Gold dips amid rising US yields ahead of next week’s FOMC meeting

Gold declines but holds to weekly gains as mixed US economic data keeps rate cut expectations alive. Market braces for the Federal Reserve’s decision on December 18, with a 93% likelihood of a 25 bps cut anticipated. Upcoming US economic data and Fed Chair Powell’s commentary will be critical for future market direction. submitted by /u/Denchock [link] [comments]

Published
Categorized as Reddit Post

📊🤓💡Well, #MICROSOFT and #GOOGLE have reached their goals!!! Boeing will invest $1 billion in South Carolina to boost 787 production to 10 jets monthly by 2026 and create 500 jobs. Ready?📈

Well, #MICROSOFT and #GOOGLE have reached their goals!!! Boeing will invest $1 billion in South Carolina to boost 787 production to 10 jets monthly by 2026 and create 500 jobs. Ready?📈 BA has broken the falling wedge trendline, and the MACD points to an upside opportunity. submitted by /u/Yuriy_UK [link] [comments]

Published
Categorized as Reddit Post

EUR/USD rises after France welcomes Francois Bayrou as Prime Minister

EUR/USD rises to near 1.0500 as the US Dollar surrenders its intraday gains. French Macron appoints Francois Bayrou as Prime Minister, putting an end to political instability. The ECB reduced its key borrowing rates by 25 basis points on Thursday, but a few officials also discussed the possibility of a 50-bps cut. submitted by /u/Denchock [link] [comments]

Published
Categorized as Reddit Post

wtf.: The US budget deficit spiked by a massive $367 billion in November 2024.

This was $14 billion above the median expectation of $353 billion. For the first 2 months of the Fiscal Year 2025, the total deficit now stands at $624 BILLION, the highest on record. This is up a staggering 64% from the $380 billion seen last year and above 2020 pandemic levels. To put this into perspective, the budget gap was 3 TIMES lower on average during the 2013-2017 period. submitted by /u/XGramatik [link] [comments]

Published
Categorized as Reddit Post