MrRenev

MrRenev Updated 

USDZAR: first they will sell their houses and belongings (for rands) Ok well you know what I think about South Africa, what I said about it + reading between the lines + what I say about other places and the world in general. It's simple the price moves because of what people are doing it's not magical. Riots don't magically make the currency implode, it's...

MrRenev Updated 

See these economic freedom rankings? Richest countries are the free-est ones with Oil adding noise to the correlation a bit. 2021 update: The USA, which were rank 4 of economic freedom 25 years ago sank to position 21, and by the looks of it, it is not about to get any better :) Daesh and ISIS continue to piss themselves with joy and each time the USA basically...

MrRenev

Only a few days till Tesla must anounce it lost money gambling on Bitcoin, and they have a lot to sell. Since Bitcoin is a ponzi scheme it is nearly impossible to get out. Which si why Tesla has to start selling 1 week before their report, little by little. And even this crashes the price. Keeping it short, I don't want to buy until BTC capitulates, or resumes an...

MrRenev

That's it their currency is going to zero. Prime Minister Hariri resigns. Reminder that the central bank was officially recognized as a ponzi scheme (fud-sters and conspiracy theorists win again). Black market needs to give us a way to short sell. How could the most progressive country in the middle east sink like this? If you call me racist you are the...

MrRenev Updated 

The globalist clones that all think the same way in power for 30 years or more (that's subjective, depends where we put the threshold) know they are threatened and will stop at nothing to hold onto power. Europe, NA, could add the South Africa rainbow nation too. Complete failure. Here is what happened in 2017 during the french elections: Volatility is going...

MrRenev Updated 

Guess it's time to follow up on my previous idea: Body count is going up. Some officers (including high up) going full racist, for example one guy was saying the indians choose their camp (whites). In a single raid over 1 million rounds were stolen, enough for a whole company to go to war (or capture more weapons). SANDF getting chased by civilians, bah this...

MrRenev

So here is a big surprise hey: As I said it would be, the inflation numbers are far worse than what was predicted by the consensus of mindless trolls managing billions or advising billions, and it is likely to continue for 3 years. Once again it was even higher than the upper end predictions. The increase was only an increase of 0.4%. For now it is slowing down. I...

MrRenev

Here is an important one from yesterday: Biden made a speech praising capitalism and signed an executive order to "promote competition and fight monopolies" (the quotes are because I'm quoting not because I'm being sarcastic lol). It came 2 hours before the market close if I'm correct. Missed it. Doesn't seem like it collapsed prices. The order is a guideline, an...

MrRenev

> Dividends and buybacks are coming back in the United States and Europe *********************** Europe allowed companies to resume dividends and buybacks in December 2020 but they set limits and the ECB "ECB calls on banks to refrain from or limit dividends until 30 September 2021". They might have eased it but I cannot find a source, I just know that Banque of...

MrRenev Updated 

I have 2 positions on gold: - Short term where I entered very close to stop - Long term with a wider stop but not that wide In the short term gold has really gone. I'll cut to the chase now I am trailing it with a $20 stop. The price is going vertically, and often once it retraces it can retrace hard. Maybe my $20 stop is too wide and I will give back profit. I...

MrRenev Updated 

Human-sheep hybrids psychology. No matter where I look I see the same flaws manifest in different ways A quote By 1998, Yahoo was the beneficiary of a de facto Ponzi scheme. Investors were excited about the Internet. One reason they were excited was Yahoo's revenue growth. So they invested in new Internet startups. The startups then used the money to buy ads on...

MrRenev

If Hitler started an NGO to give money to poor Palestinians he'd have exterminated the jews with western donations. If you take a 10 year old kid the cost for the west to produce a wageslave will be higher, maybe 40k, but it's still money saved, and they can start the brainwashing younger. The west is losing their grip on Africa, things will change. Migrants...

MrRenev

I watched a great video about the collapse of civilizations and I'd like to comment on it, with a bit more of a focus on the economic reasons and outcomes. 1- Crushed in a war by a far stronger force Destroyed, or elite destroyed (government & big banks & business owners) Aztec Inca Baghdad Carthage... Modern examples include Iraq and Libya. Just look at...

MrRenev

I found a theory on the internet explaining how the FED is likely to be stuck with inflation: no way out. The author explains that since the FED is playing a game of push and pull with QE and their Reverse Repo Program, it needs to keep rates down. Otherwise money that they have thrown into markets with QE, and that Peter Schiff predicted would cause inflation,...

MrRenev

Only cowards and the simpletons sell. Gold was going up yesterday, it's going up today, and it will go up tomorrow. All I see it yet another double bottom because fools and their gold are easily parted. Chads enter as close as possible to their stops. Under pressure, chads smile, this is their natural element where they feel most relaxed. Cowards get a...

MrRenev

> Bank Of England chief economist claims US inflation is likely to spread to the UK *********************** After the US inflation reached the "Yarrr you're a pirate - Steal 5% of the public's wealth each year" achievement, the BOE chief economist said their own inflation was likely to catch up. He mentionned the rising energy costs that were already putting...

MrRenev Updated 

The media is covering inflation, here is a recent video by CNN on their website: edition.cnn.com Workers: 2.1M left the workforce in April 2020, 3.95M in April 2021. CNN calls it an anomaly and finds troll excuses like "covid concerns". They didn't do their research. I can affirm there are 2 major reasons: - Boomers with no children. - Stimulus checks. Plus...

MrRenev

130 years ago the USA became the world largest economy, and roughly 60 years ago they were the most far ahead. Today their lead is the smallest it has been in generations. Also, the share of the world GDP that the west makes keeps getting smaller. On top of that the US is pulling out of Afghanistan and reducing their world presence if I got that correctly, and...