The Fed will tell you it’s transitory, stubbornly transitory, persistently even. It’s BS.
Speaking of BS, Janet Yellen is proposing a “wealth tax” on unrealized gains. You read that right. A tax on unrealized gains as in a tax on a profit that hasn’t been made yet.
But worry not, the Fed and the powers that be have it under control. The Fed even has a plan for tapering and raising rates.
Watch what they do, not what they say.
Speaking of what they do...
Following a comprehensive review, the Fed announced a broad set of new rules that will prohibit the purchase of individual securities, restrict active trading, and increase timeliness of reporting and public disclosure by Fed policymakers and senior staff.
It’s only doing this because they got caught with their hand in the cookie jar: owning and trading on financial instruments they had direct control and influence over.
No one is going to prison. No one is being fined because in the words of one of my favorite comedians ever, Mr. George Carlin: “It’s a big club and you ain't in it.”
Which is fine because we’re going to continue to exploit this cycle to preserve and increase the amount of our bank accounts because we have a clear understanding of where things are and where they are headed… at least for the next couple of years.
We’re in a commodity supercycle, one that includes cryptos, which I know very little about.
But I know someone — Chris Curl — who recently made 75X in that space and he thinks there’s much more money to be made from an “imminent’ mania phase in the crypto space.
He’ll soon be launching his new crypto service: Crypto Cycle.
Nick and I believe in Chris’s ability so much that we’re taking $50k and letting Chris work his magic with it.
You’ll be able to follow along in real time.
Click here to learn more about Chris and his expertise in the crypto space.