Personal Finance

In the phenomenal movie The Green Mile, the character of John Coffey (“like the drink, only not spelled the same”) has supernatural powers, the ability to heal and to do good, which is the irony of the film and its criticism that these basic human traits are no longer natural.

I was about to recap 2022 in today’s publication and to go over all of the financials and insane WEALTH LOSS suffered by the rich this year, but I’m going to keep that gem in storage until Tuesday and instead focus on Central Bank Digital Currencies.

The Federal Reserve’s sole objective now is to analyze data. After 2008, when Bernanke missed the worst financial crisis in American history, the FED started to take the stance that they wanted to be “data dependent.” Under Jerome Powell, they’ve really become obsessed with analyzing data in order to form their decisions.

In 5th grade, a female classmate of mine was tasked with creating a school project about the risks of smoking. She was an amazing pupil and I knew that her work would be comprehensive and really insightful. I’m talking about the year 1995, so no World Wide Web to access endless testimonials or printable images, but rather more legwork of going to the library, photocopying dirty lungs, newspaper clips of cancer cases and collecting real-life quotes from doctors and such.

It’s not easy to overcome fear and trauma, especially in the markets. One of the hardest things in the world is to know the power of something that appears insurmountable, and still get a handle on it.

Wall Street is needlessly worried about stagflation and I’m very surprised about just how wrong they can be at times.

In a market as complex as gold, there are several moving parts, and if you want to be less surprised about big moves for the metal – both on the way up and on the way down – it’s imperative that you look not just at one of them, but at all of them simultaneously.

The FED came clean this week; they felt it was time, as we did. For months, even for the entirety of 2021, the FED’s role as an opinion shaper took precedence.

Between 2010 and 2013, after Michael Schumacher’s era had ended, Formula 1 was fertile ground for a new champion. Little did anyone know that another German driver, one who saw Michael winning Grand Prix races from his television, and hung Schumacher’s posters on his bedroom walls, would dominate with a Red Bull car, clinching four consecutive world titles. He was the youngest-ever champion, holds the record for the most consecutive wins, and is considered one of the greatest racers ever.

This past Sunday, in Sochi (Russia), one of the youngest Formula 1 drives, Lando Norris, whose father became a hundred-millionaire in the UK, through building pension advisories, took pole position for the first time.