Reminder that the Phemex deposit bonus is still available, for 1 more week! Newsletter subscribers are already eligible for a $120 bonus, so with the additional $600 you can get $720 free just for signing up and funding your account. Sign up here: https://phemex.com/a/ScottMelkerThe money printer is working harder than ever before in history. If you stick your head out of your window in any American city, it's likely that you will be able to hear the sound of the printer going brrrrrrr. The money supply is a run away train with no breaks, heading down Mt. Everest with a SpaceX rocket strapped to the caboose.There's no stopping it now.This is from a recent tweet by Sven Henrich:The United States money supply increased yet another $210B in the week between Nov 23 and Nov 30 on top of the $500B the week prior, that's over $700B in 2 weeks, without accounting for the printing since.M1 Money supply of the United States has increased by 64.5% since the beginning of 2020. There is no history for this. None.This acceleration in M1 money supply in 2 weeks is the most aggressive in US history yet, even more vertical than during the height of the crash in March.Why now?Why is the Fed not confronted with this?What are the consequences?Why is nobody asking these questions?We are unlikely to get answers to these questions, but it certainly calls to question further the strength of the stock rally that we have seen since March. We all know that the economy and people are suffering while the market reaches new highs. This is most likely a reflection of money printing and Fed buying than any true underlying demand. Be cautious with stocks... and buy Bitcoin.Side note - I have been giving away $100 a day in Bitcoin! All you have to do to have a chance to win is to subscribe to my youtube channel and leave a comment with your twitter handle under this video. That's it!https://www.youtube.com/watch?v=fBmwT5h-U4oIn This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsSCIFI Launching In The Coming DaysThe U.S. Treasury Was HackedMichael Saylor Says MicroStrategy Isn't An Investment CompanyJim Cramer (Finally) Buys BitcoinChamath Palihapitiya Is A Bitcoin Bull!My Recommended Platforms And Tools
The Wolf Den #135 - Money Printer Goes Brrrrr
The Wolf Den #135 - Money Printer Goes Brrrrr
The Wolf Den #135 - Money Printer Goes Brrrrr
Reminder that the Phemex deposit bonus is still available, for 1 more week! Newsletter subscribers are already eligible for a $120 bonus, so with the additional $600 you can get $720 free just for signing up and funding your account. Sign up here: https://phemex.com/a/ScottMelkerThe money printer is working harder than ever before in history. If you stick your head out of your window in any American city, it's likely that you will be able to hear the sound of the printer going brrrrrrr. The money supply is a run away train with no breaks, heading down Mt. Everest with a SpaceX rocket strapped to the caboose.There's no stopping it now.This is from a recent tweet by Sven Henrich:The United States money supply increased yet another $210B in the week between Nov 23 and Nov 30 on top of the $500B the week prior, that's over $700B in 2 weeks, without accounting for the printing since.M1 Money supply of the United States has increased by 64.5% since the beginning of 2020. There is no history for this. None.This acceleration in M1 money supply in 2 weeks is the most aggressive in US history yet, even more vertical than during the height of the crash in March.Why now?Why is the Fed not confronted with this?What are the consequences?Why is nobody asking these questions?We are unlikely to get answers to these questions, but it certainly calls to question further the strength of the stock rally that we have seen since March. We all know that the economy and people are suffering while the market reaches new highs. This is most likely a reflection of money printing and Fed buying than any true underlying demand. Be cautious with stocks... and buy Bitcoin.Side note - I have been giving away $100 a day in Bitcoin! All you have to do to have a chance to win is to subscribe to my youtube channel and leave a comment with your twitter handle under this video. That's it!https://www.youtube.com/watch?v=fBmwT5h-U4oIn This Issue:Bitcoin Thoughts And AnalysisAltcoin ChartsLegacy MarketsSCIFI Launching In The Coming DaysThe U.S. Treasury Was HackedMichael Saylor Says MicroStrategy Isn't An Investment CompanyJim Cramer (Finally) Buys BitcoinChamath Palihapitiya Is A Bitcoin Bull!My Recommended Platforms And Tools