➡️ Use Code DC10 to get 10% off Arculus Wallet –
➡️ Coin W – Trade Anywhere, Anytime –
➡️ Houdini Swap – The Best Way To Swap Coins –
➡️Join this channel to get access to perks:
https://www.youtube.com/channel/UCjemQfjaXAzA-95RKoy9n_g/join
➡️Come trade with us on Blofin, where whales are made:
https://partner.blofin.com/d/DiscoverCrypto
📲 Follow the OFFICIAL Discover Crypto Socials:
Twitter (X):
Tik Tok:
📚 Learn more about crypto ➡️
➡️Join the Discord:
●▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬●
All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice. Our videos are sponsored & include affiliate content. Digital Assets are highly volatile and carry a considerable amount of risk. Only use exchanges for trading digital assets. Never keep your entire portfolio on an exchange.
#bitcoin #crypto
Overall if you up 19% food 21 rent 22 Energy whopping 33% with prices rising Major chains are looking at how to keep Customers the president touting that the US beat inflation and saying they will Be so-called soft Landing labor strikes Inflation what does this mean for our Crypto portfolio the inflation numbers Are out is this good or bad for crypto How should you prepare for what the Inflation is doing to our portfolios I'm Joshua Jake and today we're going Beyond The headlines the us could see a massive Disruption at East Coast ports in October as Dock Workers are threatening To strike if contract demands aren't met In 60 days yeah that is not good American Port strike looms as shipping's Next major choke point this is over 45,000 Dock Workers that are threatening To of course close down and go on strike If their demands aren't met on October 1st now I took notes so you don't have To but the duration of the strike would Account for 6 weeks and what that would Do to our markets is absolutely Destructive ports affected major east Coast and Gulf Coast Parts 40% of United States Imports Goods affected Electronics Automotive Parts consumer Goods and Retail products supply chain Delay 10 to 20 days this would have an Estimated price increase for your Electronics by 8% Automotive 10%
Consumer goods 7% and Retail products by 6% and potentially increased the CPI Number by 4% over just one quarter so Where do we stand these workers Significant role in keeping Goods Flowing is leverage for the union but The maritime Alliance says its renewed Contract is a giving one saying it has Made several offers since we first began Substantive contract discussions in 2022 Our latest proposal would provide Industry-leading wage increases boost Employer retirement contributions offer New employees higher starting wages Raise employer contributions to local Benefits and continue to provide Premier Health Care coverage that sounds amazing That is what every worker would dream of Right well according to the workers yes The individuals in the middle class they Have a different story Ila released a Statement in response when it comes to The master contract negotiations let me Be frank we are very far apart Particularly on the econom IC issues in Fact we're at an impass the propaganda Coming from the United States Maritime Alliance is just that propaganda likely The work of a PR firm trying to spin the Situation in their favor now the odds of A strike are going to be very very slim But what is about to happen and what I Expect is about a week before this even Takes place as the negotiations get
Closer to October 1st less than a month Away from elections this is where the White House will probably step in with a Victory Swing and allow us to be saved From of course the strike this would be Really good both for a presidential Campaign and of course be dominant in Terms of polling numbers for the middle Class but worst case scenario this Actually happens and this destroys Inflation because the inflation numbers I have news for you were not as good as Everybody likes to make them out to be I'm about to show you a clip of Joe Biden for like one of the first times at The White House speaking about soft Landings now this is a term every Crypt Bro has been excited for as they hope it Will pump their Bitcoin bags to $100,000 So will we get 100K Bitcoin this cycle I Will give you guys my thoughts at the End of this video now before we get to The next clip guys if you do not have an Arculus wallet you are at risk of losing All of your crypto especially if markets Collapse if the labor strike were to Happen inflation were to come back Interest rates were to rise it would Decimate the price action in Bitcoin Short term and that could have a Negative impact not necessarily on Bitcoin as an asset but of course the Exchanges and the price that could mean You will lose that crypto forever so get
Your crypto off exchanges get an arculus Wallet today and now back to the video President Biden dropping by an economic Event for social media creators and Influencers after getting more good news On inflation this morning the president Touting that the US beat inflation and Saying there will be so-called soft Landing Mr Biden also joking he's Looking for a job that's why I invited You to the White House because uh I'm Looking for a [Applause] Job yeah so are about to be the workers Planning to go on strike of course in America's largest port six out of the Top 10 ports in the United States why Might you ask well it comes down to True Inflation real inflation you see while Biden is out here touting about all the Economic Prosperity that's happening in The United States the reality of the Situation is that it's a much darker Place for middle class and average day Americans than it is the 1% and this is What I believe is going to impact not Only your Bitcoin portfolio but as well As prevent us from having an altcoin Season so the White House is saying we Are now under 3% for the first time Since 2021 when you hear that as a headline is That good news for the Biden harrisy uh It's good news for the American people
That things are moving the right Direction it's not good news for the Biden Harris team uh if you take and Cherry pick just the last three months Of 2024 or last 6 months you can get Some good numbers but if you look at the Entirety of the record 43 months as President and Vice President you've got An average inflation rate of 5.4% no One's wages have gone up that fast so For you know 43 months people have been Going to work working hard and falling Further behind they know it they keep Being told by uh the administration you Don't understand this is the greatest Economy but they know what they're Experiencing they're working hard and Fall behind I think this list frankly Could be a lot larger than what we're Showing here but overall if you have 19% Food 21 rent 22 energy whopping 33% 33% I know it's hard for you guys to Believe this but Fox News is actually Using real data and I can confirm that From the Federal Reserve the New York Fed themselves if you haven't read their Medium-term inflation expectations Decline short and long-term inflation Expectations unchanged article or press Release here from August 12 2024 oh you Are about to be let down what does the 2.9% mean for your everyday households Well if we go down to household Finance The median expected growth in household
Income was unchanged okay the medium Income in your average household was Unchanged at 3% in July this Series has Been moving in a narrow ban between 2.9 And 3.3% since January 2023 this is the Problem right here guys this is what's Going to stop us from potentially having An ALT season I'm going to explain right Now median household spending growth Expectations fell by. 2% points to 4.9% The measure's lowest reading since April 2021 perceptions of credit access Compared to a year ago deteriorated in July with the share of households Reporting it is harder to obtain credit Than one year ago increases However expectations for future credit Availability improved in July with the Share of respondents expecting it will Be harder to obtain Credit in a year Ahead decreasing the average perceived Probability of missing a minimum debt Payment over the next three months Increased by 1% point to 13.3% that is disgusting the highest Measure reading since April of 20120 the Increase was most pronounced for those With an annual income below $50,000 and Those with a high school degree or less Education again the lower or poverty Class here the median expectation Regarding a year ahead change in taxes At income level decline by hold on let
Me read uh your income your wage growth In the United States isn't moving as Fast with inflation so despite inflation Coming down your Joe Biden could of Course tout how there's so much economic Prosperity but the reality is everyday Americans are saving less and less and They're spending more and more while Wages are not keeping up with inflation And that is going to impact consumers in Our markets and the problem with this is This is what's leading up to what some People like Kathy Wood believe to be a Huge deflationary moment in the United States economy for the first time since The Great Depression in the 1930s now I Do not believe this is necessarily right Around the corner but what I do want to Point out is that Americans under Previous administrations had way more Money available to them way more in Their savings accounts and that is Simply because the cost of goods and Services was way cheaper despite the Media despite everybody propagating and SP spreading these falsehoods which is That wow the economy is stronger than Ever the middle class is stronger than Ever we are struggling to save more and More money and that is forcing us to Take on more and more debt to use more And more credit which leads to an Immense bubble in our economy don't Believe me well let's zoom out just a
Little bit to none other than 2007 Remember when the last time we were at These rates these personal savings rates Was between 2005 in 2008 leading up of Course to the financial bubble the real Estate collapse in our markets now again We could see a rid we could see this Turn over simply by drilling more and Creating more energy in the United States fixing these Supply chains and I Do not believe this American Port is Going to be shutting down I would Imagine it is dumb it would be ridicul Ulous if un I mean I wouldn't doubt KLA Harris would be not the smartest to take Advantage of this but I know her team is Very smart she's very intelligent she's Going to use this to her Advantage i' Matt agen they're going to step in with Really strong negotiations that favor The White House from a political Perspective showing that they are here For the middle class that could help With polling leading into the elections How does this wrap back into our Portfolios you have everything happening In the Middle East you now have monkey Pox Yes Monkey pox the World Health Organization declaring a monkey pox Outbreak uh with a global Health crisis Again right before elections it's Nothing to necessarily be scared of it's Just something we need to be aware of in Our markets the retail Focus attributes
The retail volume is almost nonexistent It's getting harder to obtain credit It's getting harder to of course Allocate and purchase and continue this Spending uh by consuming more debt Everything is getting harder for middle Class Americans and that lower income Levels so can we get growth out of this Well really the only way I see us Getting out of this is of course by Lowering those energy costs going back To Trump era policies and I know you Guys hate me bringing politics into this But this leads us into the crypto Portfolio this leads us into also your Stock portfolio gold is hitting all-time Highs the reason is because everybody is Betting on the downfall of the US dollar Right now and when you pull up the Charts I have to be this guy with you I Just I I'm not going to sit here and Light you guys like it's going to go up And to the right forever yes inflation Is positive for bitcoin's Price action But Bitcoin is not a store of value at This point it's still an immature asset Class and even though we're talking Specifically about Bitcoin I know 80% of You probably watching this are allocated Majority to altcoins and altcoins could Absolutely be destimated and continue to Bleed up until we see a reversal on that Savings rate we see money being easier To borrow in our economy not just from a
Corporation level but also from a retail Level and we see that inflation come Back into you know disinflate in our Economy and those personal savings start To rise so there is so many macro Headaches at this point the best thing I'm doing for my portfolio to position Myself is simply buying Bitcoin and blue Chip altcoins that I believe will be Taking huge turns in of course this Upcoming Bull Run that is ethereum for Tokenization with Ono that is going to Be chain link I think artificial Intelligence is something everybody Should be looking to dollar cost average Back into as we get a pullback in that Market and see earnings reports more Than likely shift to the positive side For q1 of 2025 there is opportunity out There however the markets are going to Be extremely volatile as they are Uncertain because these elections guys It is 5050 Harris has just as strong as A chance at winning this election As Trump right now and we won't know more Until the debate on September 10th so She's going to keep taking more and more Of a lead so separating politics out of This you can quite clearly see with the Federal Reserve with the strikes that Are looming with of course the global Health crisis and even Iran and all the Tensions in the Middle East businesses As shown in the original clip in the
Intro of this video are struggling Because their profits are depreciating As consumers spend less and less capital And that means guys they're not going to Be dollar cost averaging or buying into Of course risk on assets I do believe Bitcoin will go to 100K one day I just Simply believe it might take a little Longer than everybody expects and you Need to prepare yourself
