Investors. This is huge quote from stanley druckenmiller. Im a bit of a dinosaur, but i have warmed up to the fact that big queen could be an asset class that has a lot of attraction as a store of value says legendary investor stanley druckenmiller. Well, this is the poster jones effect, a member on this show 1st of all for 10 years. Ive been talking to a pickle and he said the game theory baked into the protocol works its way through bigger and bigger trenches of the financial world. So 1st started off with collectors and speculators and hackers and then it moved on to the corporate level and then it moved on more to with Michael Saylor over there. Micro strategy, a corporate balance sheet. Strategic reserve love on now its moving up to the biggest managers of wealth in the world who bennett, literally trillions and trillions of 1. 10 trillion dollars to be exact is managed by various Money Management firms and what they are now getting sucked into a poll. Tudor jones, rightly said, i
Defeated candidate, they cannot possibly catch up and thats where we are today. Joe bidens margin is so large in all of the states that are being contested, that even though some of the states have not finished county, they still know who won. And joe biden won a majority of the Electoral College votes. I am x. Kaiser. This is the very kind to report in, oh, never discount the power of meaning. This max, my favorite mean of all time, really i think gets to the heart of all the stuff that is going on. Whether it was the failure to predict what happened in 2016, both in the us election and breaks that. And now in 2020, is that when you create this fantasy world around you of money printing price, propaganda, and political misunderstanding where you never leave your bubble on twitter of all blue checkmarks where you never leave your manhattan elite circles or d. C. Circles, then you dont understand the people and once again, you know, as we saw, and as we see this unfolding boat disaster
It, their elites messaging system has failed. They are unable to communicate with reality. And this is them shouting at reality. And reality is just like continuously asserts itself. So i think thats its, its part and parcel of this, you know, the decline of the empire and rise of another power and they dont know how to explain it. They dont know how to obviously admit guilt of their role in, for example, sending all our jobs over to china. They can admit that. But the end at the end of the day, reality wins. And were going to look at some reality imposing itself. The same sort of mean imposing itself on the u. S. Dollar. Stan druckenmiller and bill miller on the news. Right. And people laugh there is means going around that every investor is a legendary investor. But stand back and roll and bill miller are 2 legendary investors. This is huge quote from stanley druckenmiller. Im a bit of a dinosaur, but i have warmed up to the fact that big queen could be an asset class that has a lot
Every time i see it in the social media. Oh, as dave. Oh, you know, because 1st of all the greatest names of cats, this is probably one of the greatest out names ever in you know, the faces on there. These are the carin, this is the world, you know, screaming women like i am in the, theres Little Kitchen in front of you know, where plato did this with its, its a hyper emotional elite. And their elite messaging system must be, has called it. Theyre at leats messaging system has failed, they are unable to communicate with reality, and this is them shouting at reality. And reality is just like continuously asserts itself. So i think thats its, its part and parcel of this, you know, the decline of the empire and rise of another power and they dont know how to explain it. They dont know how to obviously admit guilt of their role in, for example, sending all our jobs over to china. They can admit the but the end at the end of the day, reality wins. And were going to look at some reality impo
A tiger by the tail here i think were in the midst now pending of the torch from the u. S. To china the through saturday strap is upon us. It just gets more and more evidence coming in stacy well of course we were also well ahead by a decade of everybody and terms of the j. P. Morgan raking the Precious Metals markets that happened to be also warned about to Goldman Sachs and their crime spree and of course that basically over the past few years theyve paid 5000000000 in fines they paid another 2000000000 this past week for their dodgy dealings over in asia and yet they didnt face any jail time now you know because of that crime wave that weve been focusing on and looking at because their markets finance and scandal you know the feds Balance Sheet they now own 22 percent of all marketable securities which is from 13 percent last september 2019 so the feds Balance Sheet is having to expand as the fraud expands and the fraud cant shrink because you cant taper a ponzi right exactly right