BTC, PCE, stock - News and my thoughts from the past week (04Aug25) Part 4 of 5
News and my thoughts from the past week (04Aug25)
Days like today make it clear that Bitcoin is not digital gold. We got bad economic news that sent gold and the Japanese yen up 2.2% and the euro up 1.5%. The NASDAQ went the other way, falling 2.2%. Bitcoin tanked 3%, tracking high-risk assets lower, not safe havens higher. - X user Peter Schiff
Wheat falls to its lowest price since May
US stock ownership is hyper-concentrated: The top 1% own 51% of household equities. The top 10% control 87%. The poorest 50% own only 1%. The wealth gap keeps widening, a built-in feature of the financial system that favors asset holders. - X user Global Markets Investor
President Trump gives an ULTIMATUM to big pharma companies, DEMANDING drug prices in America match the LOWEST cost anywhere else in the world. "If you REFUSE to step up, we'll deploy every tool to protect American families from continued abusive drug pricing practices." "Other nations have been freeloading for far too long and it is time they pay their fair share." "Americans are demanding lower drug prices and need them today." They have a deadline of Sept 29, 2025, before he sicks HHS Sec. Kennedy on them. - Fox News
Globalisation brings value & choice to consumers. Protectionism can stop this, and isolation is inflationary.
Treasury Secretary Scott Bessent admitted this mistake. Now, he’s making a bet: Keep issuing cheap short-term debt and wait for interest rates to fall. But if rates stay high or rise? That bet backfires fast. - X user Stock Market News
This is why investing is so important. The US Dollar has devalued by a whopping 98.9% versus gold since 1971. The British Pound has lost 99.4% while the Euro would have lost 98.8% if existed since then. Fiat currencies are in a constant FREEFALL. - X user Global Markets Investor
Cargo theft is an epidemic - X user Craig Fuller
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The Fed's favourite inflation indicator, Core PCE, looks like it may have bottomed… Core PCE YoY: +2.8% vs 2.7% exp - X user Geiger Capital
US import (30 July 2025)
Roughly $9.2 trillion in U.S. Treasuries—about one-third of all outstanding marketable debt and nearly 30% of U.S. GDP—will mature in 2025, and an estimated 55–60% of it falls due before July. - First National CA
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Currency debasement is not a bug — it’s a feature of the fiat system. Since Bretton Woods collapsed in 1971, not one of 152 countries has kept average inflation below 2%. Even Switzerland, the best performer, averaged 2.2%. Fiat money is in an eternal bear market. - X user Global Markets Investor
United Airlines flight attendants reject contract with immediate raises of at least 26% - CNBC
Germany is heading into a DEBT SPIRAL: Germany is projected to run deficits of over 4% of GDP annually through 2032. That would mark the largest and longest sustained deficits in post-war history. Who’s going to absorb all this new debt? Is QE from the ECB back on the table? - X user Global Markets Investor
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- Xiia·08-04High risk here1Report