Showing posts with label Federal Reserve. Show all posts
Showing posts with label Federal Reserve. Show all posts

Saturday, January 30, 2021

The Doge

 


People are wondering if the US Dollar, the world's reserve currency, is worth all it's cracked up to be. It's backed up by the "full faith and credit" of the US government but what's that worth? 




Maybe not so much. How much is your Dollar, which is nothing more than an IOU at interest to the privately owned Federal Reserve Bank really worth? Good question, which is why the dollar's short and savvy investors are flocking to Dogecoin. Yes, Dogecoin.




Dogecoin is a crypto currency with infinite upside, like any other fiat currency, but unlike the busted US dollar it's got a cute picture of a Shiba Inu dog on its face, as opposed to Harriet Tubman or Alyssa Milano. It's also really cheap, like Bitcoin used to be, coming in at $0.030 at the time of writing.




So let's cut to the chase. You maybe can't afford the amazing and brilliant $GME right now because it's trading at a sturdy Hedge Fund killing $328 and set for a Mars shot on Monday, or not, but you can get in the "stick it to the Man" action by going Doge. And hey, it doesn't even cost anything. Minimal downside, infinite up. 




As it is, the attractively Shiba faced crypto's risen over 500% in the last month and set to go higher if Elon Musk has anything to say about it. “One word: Doge,” tweeted the billionaire back in December. Diamond hands? Maybe, let's see.




In the meanwhile, buy the dip, don't eat it and let's take this lovable crypto to the MOON. Not that this is financial advice, I'm just an LSP who lost all his guns in a catastrophic boating accident.

Your Old Pal,

LSP