While the Christmas / New Year's holidays are packed with fun and excitement, after it's all over, I feel as if I need another week just to rest and recover. But then again, another way of looking at it is that I have a whole year to recover before the fun begins again. Hopefully. I'll be well rested by then (cue the laughter).
It's now 2023 and a new year has begun. A year ago at this time, Kazakhstan was in revolution and not long after that, Canada's truckers staged a peaceful protest against over-reaching government mandates that super-ceded our God given human rights, sparking the freedom movement around the world. Russia started their incursion into Ukraine soon after that and those two have been at it since.
What then followed was a coordinated effort by the world's biggest central banks to raise interest rates with the FED leading the charge in order to fight inflation (which they caused). The result, we finally saw inflation come to a head this summer in the form of higher fuel and food costs, not to mention lumber prices shooting to astronomical record highs. Suddenly, everyone took notice. Inflation was (and still is) eating up disposable income.
We managed to pull through the heat of summer to head into what appeared to be a quiet Autumn season. Sam Bankman-Fried and his pals at FTX changed all that early in the month of November. On Monday, FTX was valued at $32 Billion and was aiming for billions more in valuation by Friday but when Friday came, the company was bankrupt, sparking a 'bank run' on exchanges worldwide. This story is far from over as SBF somehow found $250 Million in bail money and now is sitting pretty at home with Mom and Dad, supposedly cashing out hundreds of thousands in cryptos hidden in obscure wallets. The theft continues?
In the end, it was Elon Musk who got the last laugh by buying out Twitter and is in the process of exposing the corruption between 3-letter government agencies and Twitter. This story too is far from over and will likely drag on through the new year. It took the richest man in the world to buy out the company to expose it, otherwise, the censorship would still be ongoing.
There are other things I could mention, like finally seeing octogenarian Anthony Fauci voluntarily resign or Tucker Carlson suggesting the CIA was directly involved in John Kennedy's murder, something most Americans and people around the world already knew, including myself. 2022 was a very weird year. So was 2020 and 2021. I sincerely hope things start getting better in 2023 but I do suspect we're in for more surprises.
Anyways, ending on a positive note, consider investing in precious metals in 2023, especially silver as it is severely under-valued. There's a lot of talk of going back to a commodities backed type of financial system and that is not only good news for precious metals but is good news for all of us. I believe in sound money and silver and gold are it!
See my recent post, 'Silver Awakens?' where I posit just how high silver may go. The numbers may surprise you.
Peace and Love to everyone.
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