? Warren Buffet Owns More Treasuries Than The Fed

Warren Buffett’s Berkshire Hathaway just made headlines with its huge investment in U.S. Treasury bills, surpassing even the Federal Reserve’s holdings. In the first half of the year, Berkshire scooped up $230 billion in these low-risk, short-term securities, making it a major player in this investment arena. Despite his usual big bets on stocks, Buffett’s recent move into Treasury bills, coupled with selling off billions in Apple and other stocks, has boosted his company’s cash reserves to a staggering $277 billion. This surprising shift highlights Buffett’s confidence in these safe investments amid uncertain market conditions.

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? The U.S. Has More Millionaires Than Ireland’s Entire Population

The world now has 15 million millionaires, more than the population of Rwanda. The U.S. leads with nearly 5.5 million millionaires, outnumbering Ireland's entire population. In just 10 years, U.S. millionaires have surged by 62%, holding over a third of the global millionaire total. China and Germany also have impressive numbers, with China having 860,000 millionaires and Germany just over 800,000. Surprisingly, Switzerland's millionaire count of 428,000 is more than Iceland’s population, showing just how wealthy this tiny country is compared to its size.

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? Is The U.S. Losing Its Scientific Edge? Alarming Warning From Top Scientist

In a groundbreaking speech, National Academy of Sciences president Marcia McNutt warned that the U.S. is losing its position as a global leader in science, with China quickly catching up. This decline, she said, threatens not only the economy but also national security. McNutt highlighted how the U.S. once dominated the world in science by investing heavily in research and innovation but has since slipped due to reduced funding and lack of coordination. She called for urgent action, including improving STEM education and developing a national research strategy, to prevent further decline and reclaim America's scientific leadership.

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? Does the White House is purposefully waiting for the complete destruction of the U.S. economy?

Prolonged inflation and, as a consequence, tight monetary policy have led to an excessively strong dollar against major Asian currencies. As a result, it became much more profitable to order and produce goods in Asia than in America. This dealt a severe blow to the already fragile American industry.

A vivid example - cheap yen helps Japanese exports to grow for the fifth month in a row. And it is primarily due to the supply of cars and chips, which puts tremendous pressure on the realization of Biden's promises to establish production of these products in the U.S.

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? The U.S. national debt will exceed any previous record highs and continue to grow

▪️ U.S. Government debt will grow from 99% of GDP in 2024 to 166% of GDP in 2054. The size of the nation's public debt "will exceed any previous record highs and continue to grow thereafter," the Congressional Budget Office states

▪️ If private investment declines or if government revenues and spending remain at 30-year averages, the U.S. national debt could exceed 250% of GDP in 2054

▪️ At the beginning of January this year, U.S. government debt surpassed the $34 trillion mark. In 2023, it has grown by more than $4 trillion. The current authorized limit of the national debt will be reached on January 2, 2025

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? US Inflation Data Indicates Slight Cooling in April; Gold, Silver, and Cryptos Climb

The latest report from the U.S. Labor Department’s Bureau of Labor Statistics reveals that the consumer price index (CPI) for April climbed by 0.3%. Over the last 12 months, the CPI increased by 3.4%, primarily driven by higher costs for shelter and gasoline.

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? Not so long ago, Biden's team promised that inflation would drop to 2% and the Fed would reduce the key rate. But it was never meant to happen.

So what are we really seeing? Price growth is slowly starting to increase, and J. Powell's statements that he will not tighten the monetary policy are perceived by the media as great news.

So where are the economic accomplishments of the current administration?

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? Robert Kiyosaki Shares Crash Survival Rules — Warns 'Crash Has Begun, It Will Be a Bad One'

Rich Dad Poor Dad author Robert Kiyosaki has cautioned that a crash has begun, highlighting its severity. The famous author also shared his crash survival rules. He urged investors to invest in bitcoin, alongside gold and silver, emphasizing that they are “real money that goes up in value, especially in a market crash.”

Bad news: crash has begun. It will be a bad one. Good news: crashes are the best time to get rich. Bargains will float to the surface.

Don’t save money. Fake money (US dollar, euro, yen, peso) goes down in value. Save gold, silver, bitcoin, real money that goes up in value, especially in a market crash.

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? Former President Donald Trump's Advisers Explore Penalties for Nations Ditching US Dollar

Former U.S. President Donald Trump’s economic advisers are reportedly devising strategies to deter nations from reducing their reliance on the U.S. dollar. Proposed deterrents include export controls, currency manipulation charges, and tariffs. Trump remains committed to preserving the U.S. dollar’s dominance as the global reserve currency. Nonetheless, a growing number of countries, particularly BRICS members, are intensifying their efforts to dedollarize.

The former U.S. president stressed: "I would not allow countries to go off the dollar because when we lose that standard, that will be like losing a revolutionary war … That will be a hit to our country."

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? Japanese Yen Tumbles to 34-Year Low Against Soaring US Dollar

This week, the Japanese yen plummeted to its lowest point since 1990 against the U.S. dollar, weighed down by Japan’s monetary policy and uncertain economic indicators from the United States.

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