Jobless Claims Surge To Highest In Almost 4 Months + Billionaire Hedge Fund Buys #Bitcoin

jabba's claims surged the highest in almost four months after rising for three of the last four weeks with a big surge in previous weeks as lockdowns re-accelerate across america analysts expect initial job loss claims to slow modestly this week but instead claims sword from an upward revised 862 to 885 000 the highest number of americans seeking first-time unemployment benefits since september i've made a couple of videos about this you don't have to be a rocket scientist or economist to see the writing on the wall what happens when you have we're coming up what some places started doing lockdowns in january in february semi-lockdowns at least and uh majority of north america did full lockdowns in march january's around the corner marches around the corner that's one whole year coming up that were economic lockdown it's not a surprise it's not a shocker what's more interesting is the things that you're gonna do what are you going to do to counteract these lockdowns i always say it's not the it's the greatest way and i'm the first one to say this guys we are blessed to live in north america yeah we have a bunch of [ __ ] that goes on and yeah we have our own problems but at least we're not in [ __ ] north korea or living underneath the thumb of the communist party in china there's much much much worse places in the world to live than where we live in fact we're the minority in the world the options that we have over here and in the in and where we live we have the option and then and i love this option and it's something that people are afraid of but it's genetically ingrained in us we have the option of mobility especially americans in canada we're [ __ ] cold everywhere god damn it i wish we owned some caribbean islands [ __ ] it's [ __ ] cold man it's like -10 the other day over here with snow it's brutal anyways enough for my cold weather rants hopefully once covered is over i'll be going to mexico for [ __ ] christmas that being said you have the option of mobility and we're seeing that today right now in united states cali to uh texas new york to florida um and and people are fed up with what's happening in their state and so the number one thing you can do if you're realizing that your state doesn't have the necessary i put it this way guys we are heading to a period of time where states provinces and nations need to fight for their citizens where hey we have the best value proposition that's where it's heading and we as human beings are nomadic creatures and we conquer the world because we're bipedal and we're hunters and gatherers and we went everywhere we're nomadic by genetics and i know people are scared to move around places but at the end of the day if you're looking at the if you're looking at statistics and your state is a [ __ ] up state or in canada canada has like i want to say same same same different different as they say you know it's different in bc than ontario much different [ __ ] in [ __ ] quebec you still have options from different provinces you still have options for different cities i keep on raving about this or i would say i keep on raging about this like move away from the city i moved away almost done 100 percent um city life is done man for young families like if you're a young guy you want to go bars and clubs yeah i get it man i [ __ ] i was [ __ ] partying for 15 years of my life age of 15 to like 26 or every morning like with dicks i get it i get it i get it but for a young family you have kids and a wife and a partner whatever what does city life have to offer you 10 times the cost of living or what what's your value proposition to be in debt for the rest of your life there's no value proposition it's not at all leave the city man remote work and so these claims or these numbers is not surprising to me whatsoever i think it's time for people to wake up and realize mobility mobility mobility move you know if we're gonna be now i i really do believe in the next five to ten years we're gonna be entering a stage where provinces states and uh provinces states and nation states will be fighting for people to be there because at the end of the day they need us because they need to tax us without our tax dollars they can't function as a government now i can get a whole different tangent talking about mmt and why they even need to [ __ ] taxes if they can print unlimited [ __ ] money as much as they want but that's a different conversation we'll have another time now on to other things that is connected to this but not connected same same so-so billionaire hedge fund manager alan howard is backing a little known fund that's buying bitcoin and ether allen howard billionaire hedge fund manager is among the backers of a new institution focused investment firm that's eyeing as much as one billion allocation to bitcoin and ether by the year by yearly next year according to bloomberg one river asset management ceo eric peters set up a new company to capture institutional interests the two major cryptocurrencies he told the publication he bought more than 600 million dollars in bitcoin in ether a process that was completed in november i don't know if you've been paying attention but bitcoin has surpassed his all-time high you know what that means once bitcoin pops it flows down then you have ethereum will pop then it'll pop down to the all coins it looks like it we don't want to jump the ship too early right now you don't want to pop your cherry too early or be premature oh but it looks like we're entering the next bull market i don't know maybe maybe not i personally don't care but it's something to keep an eye on i've been like listen i i was talking about bitcoin for a long time i've been i've been in crypto i remember i i entered i entered i entered bitcoin where it was just bitcoin when it was bitcoin and color coin there was no ethereum it was just literally just one thing was bitcoin and people trying to build on top of bitcoin and different color coins on bitcoin and then they'll talk about side chain and this and that like and here we are you know years later and we have thousands of currencies and different blockchains and and now we're nfts and all this stuff and one thing has remained the status quo the same message is bitcoin is a different asset class it is the first time ever we have devised a new monetary system that is devoid of state uh the first one being not money but being religion we separated religion from state now money from state now might not be money as people define as money we can call this maybe even digital gold so i call it an asset so we have devoid we have separated asset from state and people think it's too late listen bitcoin has value proposition that is beyond just money i think the money proposition is a gamification when it comes to the incentives for people to be interested in it but remember that is secondary to the fact that the property is a bitcoin if bitcoin didn't have the properties of number one at least in my mind the most important property being censorship resistance without that key fundamental property um the monetary aspect of bitcoin wouldn't primarily exist everything else is secondary the very notion that is censorship resistant through the proof-of-work consensus system that they have is the primary value proposition of bitcoin the fact that you can memorize a seed phrase in your mind or write it down a piece of paper and it's portable it is very cheap to transfer you can you know send a million dollars a bitcoin might cost you well a couple of bucks peanuts compared to wire transfers and time it takes but the fact that is censorship resistance is first and the incentive a monetary gain is second now a lot of people will be coming right now saying oh well bitcoin at twenty four thousand dollars too expensive in my mind i think bitcoin is going to be 100k at least i don't know when i don't really care but what's more important is the fact that if i decide to leave where i live and this goes back to my original video this one and tied this together if i decide i want to leave somewhere i might leave a state and i might have a bank in one state or i might just leave a whole country in general and decide i'm gonna go [ __ ] off and live on an island somewhere that portability and the censorship resistant is that key to the nomadic lifestyle that we as hunters and gatherers once were and so i urge you guys listen it's not about hey i'm going to put my life savings of bitcoin or hey all bitcoins i'm going to do another 10x it's the very notion this asset is censorship resistant and portable like this is the thing i kind of keep on iterating on people i think a lot of people in north america it's not fair to say most of us are immigrants so we've experienced regimes and governments that really are dictatorship-like but people who are let's say natively born third generation fourth generation and the family has been here from the get-go they haven't really experienced government regimes that are true dictatorship whether that is from china or my parents are from yugoslavia or whether that venezuela or places in africa or even like you know during soviet time in in russia until you until you experience when the guns start coming down and the government really clamps on everything then you then you would really appreciate the importance of something that is censorship resistant portable that you control and i'll leave it that peace