Gary Brode @Gary_Brode Twitter profile

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Gary Brode

1 year

Everyone is worried the Fed will crash the economy. I created a free book that explains how it will happen. Want to know what to do about it? We have you covered. Just like this tweet and comment ""crash"" and I'll DM it do you for free. (must be following so I can DM)

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Gary Brode

@Gary_Brode

1 year

So many think 2% inflation is fine. Here's what I'd love everyone to understand... In a 40 year working life: 2% inflation destroys 55% of the value of your money. 4% is 79% loss 6% is 90% destruction THEFT!

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Gary Brode

@Gary_Brode

4 months

Jerome Powell's brilliant shot at Congress. I know I criticize him a lot, but he nailed this one.

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Gary Brode

@Gary_Brode

2 years

@financialjuice So, raising rates, QT, and QE all at once. It's the "everything" Fed. Also, asking major banks whether they want more liquidity is like asking second graders whether they want more candy.

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Gary Brode

@Gary_Brode

1 year

@GeorgeGammon I think the only conclusion you can draw is once you deposit money in a bank, it's not really your money anymore.

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Gary Brode

@Gary_Brode

1 year

@JackFarley96 Jack - anyone who didn't change the duration of their bond portfolio by January of 2022 should fail. These "banks" are acting like taxpayer-backed hedge funds. Or like children. Either way, the answer should be no.

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Gary Brode

@Gary_Brode

11 months

@UMichFootball @umichmedicine Tell me again how we haven't played anyone. Go Blue!

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Gary Brode

@Gary_Brode

1 year

@RobertKennedyJr Government subsidies ALWAYS lead to higher prices. Exhibit A is a college education. It got expensive once the government started providing unlimited financing. When you have an artificially low rate, you'll end up with artificially high prices. That's how we got here.

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Gary Brode

@Gary_Brode

2 years

I have 30+ years of hedge fund and finance experience. I created a free book that will 10x your ability to become wealthy. Just like this tweet and comment with ""wealth"" and I'll DM it to you for free. (must be following so I can DM)

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Gary Brode

@Gary_Brode

2 years

@LynAldenContact @elonmusk I'd like to know why the people at National Public Radio and other State-affiliated media, who regularly advocate for bigger government, consider being correctly labeled as state sponsored a detriment?

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Gary Brode

@Gary_Brode

2 years

@donnelly_brent @BillAckman @SVB_Financial @jpmorgan @Citi The argument seems to be that people made bad decisions based on an expectation they'd be bailed out. Now, if we don't insulate them from these bad decisions, it will be bad for the system. Wash, rinse, repeat. Everything is too big to fail and no one is responsible.

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Gary Brode

@Gary_Brode

2 years

@SahilBloom My dad used to make me mow the lawn. It wasn't horrible - just an hour-long chore I didn't like. Now, it's a welcome couple of hours of repetitive physical work where I can stop thinking for a while; a moving meditation. Plus, I make all kinds of patterns in the lawn.

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Gary Brode

@Gary_Brode

5 months

Japan is trapped by their policy. The US is as well.

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Gary Brode

@Gary_Brode

2 years

@TheInsiderPaper Either we need better infrastructure, or this isn't a coincidence. Or both.

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Gary Brode

@Gary_Brode

1 year

@WallStreetSilv I'm convinced that anyone who believes the food inflation number in the CPI hasn't been in a supermarket in years.

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Gary Brode

@Gary_Brode

2 years

1/ Not your #Bitcoin keys - Not your coins. What to do: There's been concern about the business practices and stability of exchanges & B/Ds. In addition, smart $BTC owners like @LynAldenContact & @APompliano have suggested that in order to understand Bitcoin, you should

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Gary Brode

@Gary_Brode

2 years

Everyone wants to know the future & make bets that will pay off. In 2022 I was right on inflation, energy, and interest rates. I did the same for 2023 and created a book full of opportunities. Just like this tweet and comment with ""market"" and I will DM it to you for free.

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Gary Brode

@Gary_Brode

5 months

@KobeissiLetter Lots of comments here about inflation and real wages. I agree with those. Would add that GDP growth is largely due to excess debt-fueled government spending. Congress and the WH are buying the GDP number they want. Think we have a good economy for a small number of people.

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Gary Brode

@Gary_Brode

2 years

4/ Today, I'm going to show you one way to transfer Bitcoin from Coinbase to your own self-custody. Please note that I have no opinion on Coinbase. It's just an example exchange. For those of you who have other devices and methods, please feel free to comment below.

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Gary Brode

@Gary_Brode

1 year

Japan is in Trouble – US Treasury Department Trying to Catch up to Them DKI has been speaking and writing about the financial issues facing Japan for more than a year. When interest rates were ultra-low, Japan took on massive debt totaling approximately 260% of GDP.

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Gary Brode

@Gary_Brode

2 years

@biancoresearch Fed over-printing & QE causes inflation so => higher rates. Now, they're reversing this to bail out cash-burning VC firms which somehow can't be expected to take risk. And they have the gall to tell us we're not going to pay the bill. More inflation is the cost we'll all pay.

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Gary Brode

@Gary_Brode

1 year

@GRDecter The GDP calculation is inaccurate. - Inflation adjustment is too low. - Credit given for inventory stocking (nets to zero over time). - Massive government spending adds to GDP despite not creating value. Reality is worse than govt. statistics.

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Gary Brode

@Gary_Brode

1 year

@leadlagreport This is not sustainable.

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Gary Brode

@Gary_Brode

2 years

I have 30+ years of hedge fund and finance experience. I created a free book that will 10x your ability to become wealthy. Just like this tweet and comment with ""wealth"" and I'll DM it to you for free. (must be following so I can DM)

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Gary Brode

@Gary_Brode

2 years

Today's horrible thing heard in Argentina. I arrived in Buenos Aires yesterday morning. My friend sent a car to pick me up from the airport. Nice driver who spoke excellent English. He told me about the tragedy of Argentina.

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Gary Brode

@Gary_Brode

9 months

Messaging suggestion: Let's stop referring to taxes as "revenue". Revenue is a voluntary exchange for goods & services rendered. Taxes are taken at the point of a gun for services we may not want & may not receive.

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Gary Brode

@Gary_Brode

1 year

@AaronHectorCFP This is exactly what happened with home loans 15 years ago. My question is why are they buyers of these packaged loans not doing any basic due diligence? Or if they are, why are they ok taking this risk?

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Gary Brode

@Gary_Brode

5 months

Week 20 - 5 Things to Know in Investing This Week Point 2)Lyn Alden Summarizes an Entire eBook in One Post: DKI wrote an eBook called Counterintuitive Inflation where we describe how Federal Reserve rate hikes can lead to more inflation.

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Gary Brode

@Gary_Brode

8 months

WSJ reporting that percentage of income families spend on food is at a 3 decade high. I'm convinced that anyone who believes the CPI lie that grocery inflation is under 2% hasn't been in a supermarket in the last few years. Are your grocery bills up < 2%?

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Gary Brode

@Gary_Brode

1 year

@GRDecter On the positive side, they've been consistently behind/wrong in their predictions

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Gary Brode

@Gary_Brode

4 months

@LynAldenContact Every time they do this, it moves the exchange rate for 24-48 hours. Because it doesn't affect the underlying problem, the yen keeps sliding post-intervention. I suppose the Japanese govt. has enough dry powder to keep trying this, but it's not an unlimited amount.

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Gary Brode

@Gary_Brode

2 years

@leadlagreport On balance sheet debt is $31T. Total debt (on and off bal sheet) is $250T. Spending (including accruals for future entitlements) is about $5T/year above tax collection. Options are default, or inflation for stealth default. This was intentional.

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Gary Brode

@Gary_Brode

7 months

I'm in Fairfield County, CT Anyone else just feel an earthquake?

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Gary Brode

@Gary_Brode

1 year

@BigSeanHarris I do. I recommended it years ago at a much lower price. Own it myself. Bought more last month. All fiat goes to zero.

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Gary Brode

@Gary_Brode

1 year

@SantiagoAuFund I don't know. BlackRock gets paid according to AUM. I don't think they care if their customers are buying Bitcoin at $10k or $35k. They care that the ETF has a large amount of assets under management.

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Gary Brode

@Gary_Brode

2 years

@financialjuice So, now he's both the Commodity Trader in Chief, and the Director of Cap-x of the oil companies? And what part of massive unexpected taxes would make anyone want to invest in long-term production?

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Gary Brode

@Gary_Brode

2 years

@leadlagreport This was set in motion 100 years ago and accelerated when we went off the gold standard 50 years ago. All fiat ends the exact same way for the exact same reasons...debt and debasement.

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Gary Brode

@Gary_Brode

2 years

So many think 2% inflation is fine. Here's what I'd love everyone to understand... In a 40 year working life: 2% inflation destroys 55% of the value of your money. 4% is 79% loss 6% is 90% destruction THEFT!

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Gary Brode

@Gary_Brode

1 year

Total obligations of the US government are nearly a quarter of a quadrillion dollars. That's $33 trillion in official debt plus another $200 trillion or so for incurred liabilities for programs like Social Security and Medicare. It's too big to understand so we'll help explain.

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Gary Brode

@Gary_Brode

4 months

Week 27 - 5 Things to Know in Investing This Week Point 3) Bitcoin and a Test of Strength: The infamous Mt. Gox saga is finally nearing its conclusion. After a decade-long wait, 127,000 creditors are set to receive their share of 142,000 BTC starting in July.

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Gary Brode

@Gary_Brode

3 months

China's banking liquidity influx

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Gary Brode

@Gary_Brode

2 years

@Croesus_BTC Thanks Jesse. Great and clear thread explaining a crucial issue. I'd add one thing: off-balance sheet liabilities. Additions to what we owe for social security, Medicare, pensions is another $5T (or so) a year & is rarely part of the discussion. Annual deficits closer to $7T!

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Gary Brode

@Gary_Brode

1 month

Worth reading this interview with @CaitlinLong_ by @MartyBent There is now evidence indicating that Elizabeth Warren, the White House, regulators, and the Fed conspired to kill Silvergate despite the bank being properly reserved (no customer losses). The reason is the govt.

Caitlin Long 🔑⚡️🟠

@CaitlinLong_

1 month

WOW thanks for digging in, @MartyBent . Must read!

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Gary Brode

@Gary_Brode

3 months

Now the Fed Has to Balance Inflation and Unemployment. What could go wrong?

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Gary Brode

@Gary_Brode

10 months

@UMichFootball Good call. We would have also accepted Blake Corum as well!

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Gary Brode

@Gary_Brode

2 years

@leadlagreport Insane that we have a market run by press conferences held by unelected central bankers who have never held jobs in the private sector or had to make payroll. Looking forward to when price discovery is once again based on company fundamental performance.

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Gary Brode

@Gary_Brode

6 months

@stackhodler Great post, Stack. Unless Powell wants to be known through history as the second coming of Arthur Burns (he doesn't), it's going to be "higher for longer". If the US govt. wants to save the bond market (they do), then the way to solve it would be reducing spending in Congress

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Gary Brode

@Gary_Brode

2 years

Ever wonder what the petrodollar is? Can it cause WWIII? DKI has partnered with author @archon for a free giveaway of his eBook "Running on Empty" Just like this tweet and comment with "dollar" and I'll DM it to you for free. (must be following so I can DM)

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Gary Brode

@Gary_Brode

2 years

@saifedean So many think 2% inflation is fine. Here's what I'd love everyone to understand... In a 40 year working life: 2% inflation destroys 55% of the value of your money. 4% is 79% loss 6% is 90% destruction THEFT!

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Gary Brode

@Gary_Brode

8 months

@LynAldenContact This...this is the plan

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Gary Brode

@Gary_Brode

2 months

If the market crashes and your trading platform isn't working, have you thought about how to hedge your portfolio to avoid disaster?

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Gary Brode

@Gary_Brode

6 months

Massive government spending in perpetuity. HT to @mishgea

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Gary Brode

@Gary_Brode

8 months

@GRDecter Find a solution to the "problem" of his warehouse employees occasional need to use the bathroom.

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Gary Brode

@Gary_Brode

2 years

@Buck66526106 @leadlagreport The banks have had 15 years to fix systemic risk. We're going to have to let something fail to save this system. Rolling bailouts is immoral and long-term ineffective.

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Gary Brode

@Gary_Brode

1 year

@GRDecter They were wrong about everything leading up to '21/'22/'23 inflation. Also, have they looked at Congress' budgeted spending yet? That's a lot of inflationary stimulus on the way.

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Gary Brode

@Gary_Brode

1 year

@stackhodler @zerohedge Got you covered

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Gary Brode

@Gary_Brode

2 years

@ThHappyHawaiian Really appreciate you labeling it as "tax receipts". Many say revenue. Revenue is a voluntary exchange for goods & services rendered. Taxes are taken at the point of a gun for services we may not want and may not receive.

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Gary Brode

@Gary_Brode

2 years

A small inflation rate of 3% can reduce the value of your savings by half over just 24 years. To secure your financial future, you need to understand the link between - Time - Inflation - Compounding Let's do this in the next 4 mins

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Gary Brode

@Gary_Brode

1 month

Rate cuts today. More inflation on the way.

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Gary Brode

@Gary_Brode

2 years

@havic316 @leadlagreport People keep saying the Fed is killing businesses. I think they were already dead and we're just finding out now who needs zero rates to survive.

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Gary Brode

@Gary_Brode

1 year

@biancoresearch I agree with you, Jim. But I'm old enough to remember when Fed Governors weren't jumping to get in front of a microphone every week. They've become a chatty bunch. Might be better for them to start saying less.

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Gary Brode

@Gary_Brode

11 days

@financialjuice Perhaps Mr. Kashkari and the Fed could do a better job ensuring the dollar doesn't become worthless.

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Gary Brode

@Gary_Brode

7 months

@financialjuice Is it to print more dollars and hand them out either randomly or to favored groups? Because that's already been tried and led to more inflation.

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Gary Brode

@Gary_Brode

2 years

Today's horrible thing heard in Argentina. I arrived in Buenos Aires yesterday morning. My friend sent a car to pick me up from the airport. Nice driver who spoke excellent English. He told me about the tragedy of Argentina.

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Gary Brode

@Gary_Brode

1 year

Here's your graph showing how much inflation affects you.

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Gary Brode

@Gary_Brode

2 years

@financialjuice Also, the big shortage in the US is refining capacity. No one wants to build new refineries largely because politicians keep threatening to put them out of business. It's a long-term investment and that's hard when policy and (threatened) taxes change often.

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Gary Brode

@Gary_Brode

2 years

5/ I bought a Ledger Nano S Plus from Ledger. It's a USB stick that costs $79. (I have no sponsorship relationship with Ledger) Here's a photo of the device

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Gary Brode

@Gary_Brode

2 years

Have you ever felt like you were meant to do something? I called my dad last week. We talked about a trip we took together when I graduated from high school. It makes him feel good knowing I remember the trips we took together and that they meant something to me.

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Gary Brode

@Gary_Brode

2 years

16/ There's no perfect solution and no perfect security, but a bank isn't perfect either and you probably own $BTC because you have your doubts about fiat. Make your own choices, but please don't be afraid to take control of YOUR Bitcoin.

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Gary Brode

@Gary_Brode

2 months

Why you should own assets outside the financial system.

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Gary Brode

@Gary_Brode

4 months

The impact of inflation on less-affluent people

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Gary Brode

@Gary_Brode

2 years

@TRHLofficial They'll vote for it as long as they're in the minority and it can't be law. The next time they have control of Congress, the Senate, and the WH, they'll find a way to ensure that bill fails.

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Gary Brode

@Gary_Brode

2 months

Trading platform outages - are you prepared if you can't trade during a market meltdown?

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Gary Brode

@Gary_Brode

1 year

@UMichFootball @meijer Tell me again how we haven't played anyone

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Gary Brode

@Gary_Brode

5 months

@WallStreetSilv Statistically, you'd have to call in either Zeus or Baldur. They're the only ones who lasted multiple fights with Kratos.

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Gary Brode

@Gary_Brode

1 year

@GeorgeGammon Now look at college degrees heading toward 60% women / 40% men. So, for every man with a degree, there are 1.5 women. That's not going to go well either.

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Gary Brode

@Gary_Brode

2 years

@LynAldenContact If they're concerned about electricity use, the NYT should shut down their servers first. This reminds me of when the NYT was pro-union when someone else was paying the bills, but less so when it was their union that wanted a raise. Looks like a war for hearts & minds now.

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Gary Brode

@Gary_Brode

1 year

Massive beat and raise by $NVDA last night. Stock closes down on the day. If @leadlagreport is right when he says Nvidia is fucked, this is what being right would look like. Because if a massive beat and raise doesn't make the stock go up, what's your upside case?

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Gary Brode

@Gary_Brode

2 years

@leadlagreport I love how many people are citing the regulators as reasons people were comfortable with the risk of doing business at $SIVB. At what point should we have all lost confidence in the banking regulators: Friday 2020 2008 1998 1971 1913 Or a disaster of your own choosing.

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Gary Brode

@Gary_Brode

1 year

@GRDecter You nailed it. So many people complaining about the Federal Reserve breaking the market. It was more than a decade of near zero rates that caused the problem. Normalized rates are the correct solution.

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Gary Brode

@Gary_Brode

2 years

@stackhodler From Rudy Havenstein...

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Gary Brode

@Gary_Brode

6 months

Office space demand is decreasing. The "work from home/anywhere" crowd is winning. It's going to be years before demand for office space returns.

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Gary Brode

@Gary_Brode

2 years

2/ take custody of it yourself, and understand how to move it from place to place. This is good advice, but can be scary for novices. Most people don't understand how banks work, and have difficulty balancing their checkbook. Self-custody of digital assets is new for most.

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Gary Brode

@Gary_Brode

2 years

17/ There are other options like keeping your coins on an exchange or in cold storage at some of the better regulated exchanges. What are your favorite solutions?

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Gary Brode

@Gary_Brode

1 year

@olvelez007 Great thread. Love the detail. Old expression in equities: Short term it's a voting machine, long term it's a weighing machine. For Bitcoiners who handled the temporary drawdown well: If your timeframe is long enough, manipulation by institutional money won't affect you.

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Gary Brode

@Gary_Brode

2 years

6/ Once you get the device, you'll go to the Ledger website, click "App and services" and download Ledger Live. Now, plug in your device. The Ledger Live software will recognize the device and verify it's real.

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Gary Brode

@Gary_Brode

4 months

@chigrl It appears they're going to reduce CO2 emissions by starving their own people.

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Gary Brode

@Gary_Brode

2 years

This graphic was in an excellent weekend article by @macrojack21 . Notice that the more involved the govt. is in providing or paying for something, the more inflation there is. The less involved the govt. is, the more we've seen stable or declining prices. Incentives matter!

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Gary Brode

@Gary_Brode

3 months

Are the jobless claims showing signs of a recession?

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Gary Brode

@Gary_Brode

1 year

@financialjuice I've been saying this for a year and every time, people tell me it won't happen because the dollar has been the reserve currency for about 80 years and no one trusts the Chinese. Dollar is losing share. Wish that weren't true, but here we are.

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Gary Brode

@Gary_Brode

1 year

CNN reports that NYC bagel shops are serving bagels pre-stuffed with cream cheese as a tax dodge. The act of cutting a bagel and adding cream cheese means an 8.9% prepared food tax. Hey NYC: One good way to reduce tax avoidance is avoiding ridiculous tax laws.

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Gary Brode

@Gary_Brode

1 year

@profstonge Did they mention animal spirits?

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Gary Brode

@Gary_Brode

7 months

@LynAldenContact I've always been amazed by the number of people who think deflation causes recessions rather than thinking recessions cause deflation.

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Gary Brode

@Gary_Brode

2 years

15/ Reminder, you need your 4-8 digit PIN to use the device. What if you forget the PIN, lose the device, or it's destroyed somehow? That's what the 24 word list is for. If necessary, you can buy another Ledger device, input your words, and your $BTC will show up on the new one

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Gary Brode

@Gary_Brode

2 years

3/ Please understand that whatever you do has risk. If you leave your $BTC on an exchange, the exchange could fail. If you take custody yourself, you could lose the device or forget your password. Nothing is a perfect solution. (This is also true of having fiat in the bank!)

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Gary Brode

@Gary_Brode

2 years

7/ Both the device and the Ledger Live software will prompt you to come up with a 4-8 digit PIN. You choose this number. Please remember it. That's what gets you access to the device. If you enter it incorrectly 3 times, the device will reset. Don't worry - there's a failsafe.

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Gary Brode

@Gary_Brode

1 year

In Peru, when you use a public bathroom, there's a roll of toilet paper at the entrance and you take what you think you'll need. That means the average Peruvian is better at forecasting than anyone working at the US Federal Reserve.

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Gary Brode

@Gary_Brode

8 months

@Geiger_Capital It's all an illusion based on pulling forward consumption and printing fiat. Congress has decided to fund spending with inflation they can blame on others instead of on taxes that would cause people to question the value of some/most of our spending.

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Gary Brode

@Gary_Brode

1 year

Messaging suggestion: Let's stop referring to taxes as "revenue". Revenue is a voluntary exchange for goods & services rendered. Taxes are taken at the point of a gun for services we may not want and may not receive.

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Gary Brode

@Gary_Brode

9 months

@chigrl I wish people in the US understood this better. California can impose reduced energy usage and kill their reliable baseload generation, but India, China, and other developing countries aren't going to stop trying to achieve a better material life - and higher energy usage.

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