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Is the Dollar in Danger


Warrior

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https://www.wsj.com/articles/bitcoin-blockchain-hacking-arrests-93a4cb29   

Article may not fully show, but you can hopefully listen to the 2 min 6 sec audio of the article for a summary.  

The U.S. Cracked a $3.4 Billion Crypto Heist—and Bitcoin’s Anonymity

Federal authorities are making arrests and seizing funds with the help of new tools to identify criminals through cryptocurrency transactions

@Nolebull813, do you have access to this WSJ full article by chance to share?   Wicked fraud from this college student in GA.  Thx for checking.  

Article from last year...  3.36 billion dollars (in Dr Evil voice) 

https://www.justice.gov/usao-sdny/pr/us-attorney-announces-historic-336-billion-cryptocurrency-seizure-and-conviction

 

 

 

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16 hours ago, golfaddict1 said:

https://www.wsj.com/articles/bitcoin-blockchain-hacking-arrests-93a4cb29   

Article may not fully show, but you can hopefully listen to the 2 min 6 sec audio of the article for a summary.  

The U.S. Cracked a $3.4 Billion Crypto Heist—and Bitcoin’s Anonymity

Federal authorities are making arrests and seizing funds with the help of new tools to identify criminals through cryptocurrency transactions

@Nolebull813, do you have access to this WSJ full article by chance to share?   Wicked fraud from this college student in GA.  Thx for checking.  

Article from last year...  3.36 billion dollars (in Dr Evil voice) 

https://www.justice.gov/usao-sdny/pr/us-attorney-announces-historic-336-billion-cryptocurrency-seizure-and-conviction

 

 

 

@Nolebull813 if you have WSJ access, would appreciate if you could send a similar setup to the WSJ article you shared recently with screenshots.  Thx.  I was able to read this article just briefly once and then 💥, no soup for you.  Thx.  

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Generational wealth vs 79%           
 

I was not expecting that high a %.  Even if it’s slightly lower off the usual +/- variance, that’s pretty cool to see. 👍🏻

https://finance.yahoo.com/news/made-not-born-dave-ramsey-110000138.html

@TheMaximumHornetStingand the younger folks on the board, have a read especially.  

Time is your friend.  Work hard and invest wisely.  

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  • 1 month later...
On 4/12/2023 at 5:21 PM, golfaddict1 said:

@WarriorI sold 25% of my UUP holding today.  I could have saved 25% loss today, but yesterday I left a bid too high that didn’t execute.  Got too cute and backfired.   Oh well, it lowered my cost basis and now you can buy UUP tomorrow as I likely chose the wrong time to sell.  #buyUUP!  😂 

@Warriorif you want to make 2K, just follow my lead.  😂.  Told ya.  #oppositeinvesting 

First chart, last month 

2nd chart, last 5 years 

 

IMG_4662.jpeg

IMG_4661.jpeg

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On 4/26/2023 at 5:45 PM, golfaddict1 said:

Generational wealth vs 79%           
 

I was not expecting that high a %.  Even if it’s slightly lower off the usual +/- variance, that’s pretty cool to see. 👍🏻

https://finance.yahoo.com/news/made-not-born-dave-ramsey-110000138.html

@TheMaximumHornetStingand the younger folks on the board, have a read especially.  

Time is your friend.  Work hard and invest wisely.  

@Nolebull813 investing has been the key component for my above average inflation comfort zone… and that’s where I feel the educational system failed all students and yes especially those without generational wealth come to mind.   

My father taught me after college to start thinking of retirement and introduced me to investing.  Had me chat with a financial planner, etc.  I had a game plan since the early 90’s.  It didn’t happen overnight with a loved one passing and it seems I’m not alone per this article. 

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  • 1 month later...

Update… UUP looks about even for the past year.   USD clearly in a downtrend, explained in Benzinga article below, with investment ideas.   
 

https://www.benzinga.com/news/large-cap/23/07/33220411/cash-in-on-the-crashing-dollar-5-stocks-and-etfs-ready-to-soar-from-the-greenbacks-downfall
 

Market wise, was a solid last week for equities, PM, crypto and bonds.  

IMG_5089.jpeg

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15 hours ago, golfaddict1 said:

Update… UUP looks about even for the past year.   USD clearly in a downtrend, explained in Benzinga article below, with investment ideas.   
 

https://www.benzinga.com/news/large-cap/23/07/33220411/cash-in-on-the-crashing-dollar-5-stocks-and-etfs-ready-to-soar-from-the-greenbacks-downfall
 

Market wise, was a solid last week for equities, PM, crypto and bonds.  

IMG_5089.jpeg

This caught my attention - The value of the dollar, as gauged by the DXY index, has dropped 4% since the beginning of the year and 13% from its all-time high reached in September 2022. The dollar has suffered even greater losses versus emerging-market currencies, such as the Mexican peso (MXN) and the Chilean peso (CLP), which are up 20% and 18%, respectively, since their lows in 2022.

With the dollar being down - why do you believe both the Mexican and Chilean peso went up during the same time period 18% and 20%?

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10 hours ago, Warrior said:

This caught my attention - The value of the dollar, as gauged by the DXY index, has dropped 4% since the beginning of the year and 13% from its all-time high reached in September 2022. The dollar has suffered even greater losses versus emerging-market currencies, such as the Mexican peso (MXN) and the Chilean peso (CLP), which are up 20% and 18%, respectively, since their lows in 2022.

With the dollar being down - why do you believe both the Mexican and Chilean peso went up during the same time period 18% and 20%?

I would defer to someone better in the know about cause/effect of the USD during Inflation peaking vs taming down trending now, but anything usd hedged was cranking until a few months ago.  
I did well with a Japanese etf focused usd hedged investment this year I Dxj and I sold it as well as UUP remaining shares in mid June with the weak dollar trending line.  

Emerging market seems to be a nice spot to be in with a weaker USD.   GQGPX I’ve owned for awhile and it’s performing well.  Solid portfolio mgr.  
 

Many hedge funds dealing with world currencies like one that I own in etf form Dbmf, had a superb 2022 gain and a negative performance in 2023, being on the wrong side of both bonds and currencies.   It has a nice annual div yield, otherwise I would have sold it.  

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