Berkshire Hathaway's cash reserves reached a new all-time high of $325.2 billion in Q3 2024, as Warren Buffett continued to hold off on major acquisitions while reducing some of his largest equity positions. Once again, Berkshire trimmed its holdings in Apple, with the stake valued at $69.9 billion at the end of Q3, down from $84.2 billion in Q2, marking an approximate 25% reduction, according to a Bloomberg report.
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Brazil 🇧🇷/Venezuela 🇻🇪: In a statement released on Friday (1), the Brazilian government deemed the remarks made by Venezuelan authorities about Brazil and its national symbols as "offensive."
The statement, issued by Brazil's Ministry of Foreign Affairs, asserts that Venezuela chose "personal attacks and rhetorical escalations over political and diplomatic channels."
🚨🇪🇺 EU WARNS OF NUCLEAR NIGHTMARE
The European Union is urging people to prepare for potential nuclear threats, cyberattacks, and chemical warfare.
They recommended that households stockpile three days’ worth of essentials to prepare for emergencies related to armed conflicts.
The report by former Finnish President Sauli Niinisto also emphasized the need for enhanced military readiness and blamed Russia for rising tensions.
The Central Bank wants to control the price inflation it itself generated through debt issuance due to fiscal deficits. What does it do?
It punishes the entire economy.
The opening of new jobs in the U.S. fell in September to the lowest level since before the pandemic.
Slowing down...
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🇺🇸 USA: In the final stretch of the election, K. Harris's campaign aims to increase female voter turnout, while D. Trump's campaign is expected to focus on boosting male voter participation.
🚨USA 🇺🇸: Hiring in the U.S. slowed in October.
Employers added 12,000 workers last month, falling short of economists' expectations of an additional 90,000 jobs.
Will the release of this data impact undecided voters in the final stretch of the 2024 election?
Even though it hasn’t reached price highs, something even more important has.
Yesterday, Bitcoin’s network computational power surpassed 811 exahashes per second, the highest value ever recorded.
This signals new participants entering mining and increased security for the network.
🚨USA 🇺🇸: “Boeing” is yet another company distancing itself from the so-called “woke agenda.”
The company has dismantled its global diversity, equity, and inclusion department.
Boeing’s “DEI” office team will be merged with another human resources team focused on talent and employee experience.
Due to the huge increase in rainfall in Spain, the floodgates of the Almonacid de la Cuba dam had to be opened to relieve the pressure. However, there is a curious historical detail: this dam is almost 2,000 years old! It was built by order of Emperor Augustus and uses the famous opus caementicium, Roman concrete, known for its extreme resistance, as we can see in this video.
https://video.nostr.build/4f8566d40dfc517057446c8043bc6cd7228c1865a673620abd5272d79eada807.mp4
Get ready to rethink your mental models.
Institutional interest in Bitcoin is only in its first year – and it’s not even over – but it’s already made one thing clear: they want your BTC.
Yesterday, ETFs had the second-best day in their history, with net inflows of $893 million, pushing ETF BTC holdings above 1 MILLION coins.
Meanwhile, Saylor made another move, announcing a $42 billion funding plan over the next three years. This represents around 577,000 BTC at current prices, while only about 492,000 BTC will be mined in the same period.
You don’t need to be a math genius to understand: they’ll need to get BTC from those who already hold it.
Amid complex economic, social, and geopolitical scenarios, if you’re not bullish on BTC for the long term, I suggest a re-evaluation.
You have no idea of the scale of Bitcoin’s upcoming revaluation in the years ahead.
It’s not too late.
GM!
On October 31, 2008, an individual (or group) published a document online proposing a P2P payment system. Sixteen years later, this idea has evolved into a new asset class and a primary safeguard against political foolishness.
Thank you, Satoshi.
Imagine the United States of America eliminating the capital gains tax on Bitcoin.
If this happens, it would be massive.
Bitcoin adoption is already moving faster than the internet adoption curve.
If you eliminate taxes on the world’s best store of value, in the world’s wealthiest country...
You’re not ready for the flood of capital that would flow into Bitcoin.
$72,000 is a bargain.
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🚨Brazil 🇧🇷/Venezuela 🇻🇪: The President of the Venezuelan Legislature wants to declare Amorim “persona non grata.” Jorge Rodríguez accuses Amorim of lying and visiting Caracas to undermine the electoral process, according to “CNN/Brasil.”
To the banquet of consequences, there is only one worthy dish: pride, never regret. There, at the table, the main course will not be served with lukewarm apologies or poorly disguised remorse. Let it be pride, fiery and indomitable, that fills your mouth and satisfies your hunger for dignity. The man who surrenders to remorse is already dead before he’s buried. Honor should fill your stomach, not the bitter taste of shame.
When the battle grows heavy, remember: fight for those you love, for true love, the kind that holds us steady in the storm, is an iron anchor. It is not the soft and sweet love of illusions, but the steel that keeps you grounded when chaos tries to pull you away. Let hatred be the fuel of your victory, as long as you control it. If it serves you to win, so be it; but make it a weapon, not a chain. Defeat is not an option, and he who kneels before it will forever bear the mark of weakness.
Understand one thing: victory and defeat are fleeting; the battle is what truly matters and defines who you are. Only a fool longs for the end. For the man who knows, rest comes only with the last breath. As long as there is life, there is struggle, and that is enough.
Reality is not for the weak. If you cannot bear the truth, retreat to the comfort of ignorance. But the man made of steel knows what it is to forge character in blood and silence. And finally, expect nothing from anyone. He who begins the fight depending on others’ help is already defeated. You were not born to be spared or sheltered. You were born to stand on your own strength and dine at the banquet of your victories.
Salute! 🥃
Yeah, gold is really so superior to bitcoin that a friend of mine tried to sell 1.5 kg and only got an offer with a -4.6% discount, after a week of trying to sell. And the transaction was in a secure, armored room with armed guards. In the end, it seems that paper gold is worth more than physical gold… 🤡
Gold is having its best year since 1995.
The demand for hard assets is clearly showing the need for protection against monetary degradation.
This is being done not only by individuals but also by funds and governments.
I just keep wondering when they’ll realize that there’s an even better asset.
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🚨France 🇫🇷/Israel 🇮🇱: The Paris Commercial Court has ruled that French President E. Macron’s decision to prohibit the participation of Israeli defense manufacturers and contractors in the “EuroNaval Defense Expo” in November is “discrimination based on nationality” and, therefore, unconstitutional.
🚨Brazil 🇧🇷/Venezuela 🇻🇪: URGENT
Venezuela has summoned its ambassador in Brazil for consultations to express its dissatisfaction with what it called “rudeness” from the Brazilian government. The statement from the Ministry of Foreign Affairs specifically mentions President Lula’s international affairs advisor, Celso Amorim.
🚨USA 🇺🇸: The U.S. Supreme Court has authorized the state of Virginia to implement a Republican-proposed program aimed at removing non-U.S. citizens from voter registration lists.
One of the most interesting dynamics this year is that we don’t need to keep "hammering" on the difference between Bitcoin and the rest.
The price itself and the industry are doing that on their own.
Bitcoin's market cap grew three times that of altcoins. And I don’t even need to mention the “second best” that so many people believe in.
Although the year started off similarly, the second half revealed which markets continued to receive capital flow and which did not.
Institutional preference is clear right now, yet many people remain stuck in the old idea of an "altseason."
I'm not saying it won't happen, but those who believe in a capital rotation from BTC to altcoins like in previous cycles are mistaken.
GM!
Brazil 🇧🇷/Venezuela 🇻🇪: President Lula personally directed the Brazilian Foreign Ministry to block Venezuela’s entry into the BRICS during the leaders’ summit held last week in Kazan, Russia, according to reports from CNN Brazil.
In a game of patience, those who make more moves usually lose. And this applies to Bitcoin.
After approximately 215 days of a downtrend, the market structure has changed.
Do you know who will be most rewarded in this? Probably those who took advantage of each drop to accumulate more BTC.
We never know precisely when the next upward movement will occur, which is why it's important to always be exposed.
Those who remained confident in the long-term accumulation process reduced the risk of ruin, which should be the number one goal of every investor.
Bitcoin is a multigenerational project that transfers capital from the impatient to the patient while protecting against the political stupidity of a monetary system doomed to failure.
But the goal here should not be how many % I can make on the next trade, but how much purchasing power we can provide to our families and future generations.
We are close to a new price discovery process, but if you still don’t understand the reason for being in this market, study #bitcoin and avoid making mistakes along the way.
Reduce the noise, adopt Bitcoin, and focus on creating value.
Russia 🇷🇺: Vladimir Putin ordered a major exercise of the country's nuclear forces on Tuesday (29).
Speaking in a video call with military leaders, Putin said the exercises will simulate actions by senior officers in the use of nuclear weapons and will include the launch of nuclear-capable ballistic and cruise missiles.
Afghanistan 🇦🇫: The Taliban has banned women from hearing the voices of other women.
In a message on Monday (28), the country's minister for the promotion of virtue and prevention of vice announced the new restriction on women's behavior. While the precise details of the Taliban’s decision are unclear, Afghan human rights activists have warned that this could effectively mean women will be prohibited from speaking to each other.
Brazil 🇧🇷/Venezuela 🇻🇪: Maduro speaks of a "stab in the back" regarding Brazil's veto of Venezuela's entry into the "BRICS."
In light of Maduro's words, Brazil should at least summon the Venezuelan ambassador for explanations and perhaps even consider expelling him from Brazil. I’m not saying it will happen, but this would be the natural diplomatic course of events.
🚨 Capital inflow into gold funds reaches the highest level since July 2020.
This volume is three times larger than the flow of the past few weeks, signaling that the demand for hard assets is growing.
At a time when fiat currencies are about to become less scarce, interest in scarce assets is increasing.
Bitcoin is benefiting equally.
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Israel 🇮🇱: The Israeli parliament approved two bills on Monday that ban a UN agency for Palestinian refugees from operating in Israeli territory and also sever diplomatic ties with the organization.
**USA 🇺🇸: PRESIDENTIAL ELECTIONS**
*Analysis based on early voting data and campaign strategies:*
1) **IMPORTANT:** We cannot compare early voting in 2024 to 2020. That year, due to the pandemic, early and mail-in voting reached record numbers. With that said...
As of this Monday (28), early voting data is more favorable for D. Trump than for K. Harris in nearly all key swing states.
Traditionally Republican areas are seeing more active turnout than Democratic-leaning areas. The big question is:
Are Republicans "cannibalizing" votes from Election Day voters who, due to a request from Trump’s campaign, are voting early this year?
Meanwhile, the Democratic Party is starting to pin its hopes on Democratic voters, who traditionally vote early, opting to vote on Election Day this time around.
In the coming days, we can expect both campaigns to encourage Election Day voters to cast their ballots as early as possible. In some voting locations, wait times could reach 4 to 5 hours!
**Summary:** Trump’s campaign has more reason to feel optimistic about early voting data than Harris's campaign.
But what can we “decipher” about the campaign strategies?
In the coming days, the Democratic campaign is likely to focus on a “rejection vote” against Trump, trying to frame the election as a referendum on him.
Another focus will be to hold events in Democratic strongholds to boost turnout among voters who lean towards K. Harris but haven’t shown strong enthusiasm.
Trump’s campaign, on the other hand, has decided to “expand” the map by holding rallies in areas and states considered safe for K. Harris. But what does this mean?
Either the campaign is poorly informed, with internal polls showing inaccurate data, or it is so optimistic that it sees a chance of winning not only the Electoral College (which decides the election) but also the popular vote, to leave no doubt about the voters' choice.
**Conclusion:**
I see slightly exaggerated optimism regarding a Trump victory. He may be in a good position but is far from having the election in the bag. The Democratic Party still has time to mobilize its base and tighten the race; however, this mobilization needs to begin as soon as possible.
Woke Misinformation, like the following examples, is constantly being circulated:
- Human beings can change their sex
- Cops murder hundreds to thousands of unarmed Black men each year
- There is a sex based wage gap between men and women
These have been parroted talking points for years yet so few on the Left hold themselves accountable - why is that?
“Whatever the Party holds to be the truth, is truth. It is impossible to see reality except by looking through the eyes of the Party.”
— O'Brien (1984 by George Orwell)
Misinformation experts largely lean in a single direction politically. This skew can, will, and does impact which information is deemed legitimate or not.
Narrative Gatekeeping is the true end result.
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UN 🇺🇳: Global efforts to tackle climate change are completely off track, says the UN, as new data shows that warming gases are accumulating faster than at any other time in human history.
Current national plans to limit carbon emissions would barely reduce pollution by 2030, according to UN analysis.
Brazil 🇧🇷/USA 🇺🇸/China 🇨🇳:
U.S. Trade Representative Katherine Tai recommended that Brazil "weigh the risks" before joining China’s Belt and Road Initiative.
Brazil "should really think about what is the best path for greater resilience in the Brazilian economy," said Tai.
The Chinese Embassy in Brasília reacted on Friday (25th), calling Tai's comments "irresponsible" and "disrespectful," stating that Brazil's sovereignty in choosing its trade partners "must be respected."
United Kingdom 🇬🇧: A compensation scheme for the C19 vaccine may be created after thousands of people claimed they were left disabled due to the AstraZeneca vaccine, according to the "Daily Telegraph."
The Health Secretary is considering plans to establish a tailored program for those suffering from life-changing conditions as a result of the C19 vaccine.
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United Kingdom 🇬🇧: Britain needs to reduce its meat and dairy consumption by up to 50% to meet the latest net-zero emission targets, according to the government’s climate watchdog.
The Climate Change Committee stated that, in an ideal scenario, meat and dairy consumption should be cut in half by 2050, with products replaced by plant-based alternatives.
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