#Buy to Let Mortgage South wales

[theswanseamortgagebroker]

Best Company for First Time Home Buyers in South Wales - The Swansea Mortgage Broker

Looking for the Best Company for First Time Home Buyers in South Wales? You've come to the right place. At the Swansea Mortgage Broker we provide fast and fantastic rates of interest for your first mortgage. In South Wales, we have the foremost authority on mortgages. You can purchase a new residence or commercial property with our professional assistance. We can take care of everything and will be there for you during the entire process of selling your home. Please visit our website for additional information.  https://theswanseamortgagebroker.co.uk/southwales/

[thefinancehouse]

First-Time Buyers Stamp Duty

First-Time Buyers Stamp Duty: Only Two Months Left to Save up to £15,000

First-Time Buyers Stamp Duty, time is running out for first-time buyers looking to save big on their property purchase. According to new research from Zoopla1, buyers have just two months left to take advantage of the current stamp duty relief before rates rise, potentially saving as much as £15,000. From 1st April 2025, Stamp Duty Land Tax (SDLT) rates will revert to their previous levels, leading to thousands of pounds in extra costs for first-time buyers in certain areas.2 Biggest Impact in Southern England The upcoming changes are expected to hit buyers hardest in London, the South East, and the East of England. In some of the most expensive London boroughs, such as Camden, Islington, and Hammersmith & Fulham, buyers could see their stamp duty bills increase by up to £15,000.1 Currently, first-time buyers pay no stamp duty on properties up to £425,000, but this threshold will fall to £300,000 after April 2025. Furthermore, homes priced between £500,000 and £625,000 will no longer be eligible for first-time buyer relief at all.1 Rising Costs on the Horizon According to the research1, the typical first-time buyer in London, the average stamp duty bill will rise to £5,600 after April 2025. Meanwhile, those in the South East and East of England will face average bills of £1,390 and £1,040, respectively. Buyers in these regions could possibly make significant savings by acting now and securing their purchase before the new rates come into effect. Lower Mortgage Rates Provide Added Advantage With mortgage rates having improved slightly in recent months3, first-time buyers in Southern England stand to benefit even further by purchasing before the end of the reduced Stamp Duty rates. Average monthly mortgage repayments have dropped from £1,076 to £979 for a typical first-time buyer home, meaning that buyers in London could save the equivalent of 3.5 months of mortgage payments simply by avoiding the looming stamp duty changes1. Time is Running Out First-time buyers need to move quickly. According to Zoopla1, the average time to complete a property transaction is 25 weeks, meaning that offers made after the end of November could risk missing the deadline. Those looking to buy in 2025 should prepare for the increased stamp duty costs. The North and Midlands Remain Unaffected While Southern England will bear the brunt of these changes, the vast majority of first-time buyers in Northern England and the Midlands will remain unaffected. Around 95% of buyers in these regions are seeking homes priced below £300,000, meaning they will still qualify for stamp duty relief after April1. Find Out How Much Stamp Duty You Could Pay Use our calculator below to find out how much Stamp Duty you could pay on a property purchase: Location of Property               England               Northern Ireland               Scotland               Wales              Do you currently own a property?               No, I'm a first-time buyer               Yes, I currently own a property               No, but I have owned a property in the past              How will you use the property?               Live in property               Buy-to-let               Holiday home              Property Value Calculate What Should You Do? If you or someone you know is looking to buy their first home, it’s important to act now to be in with a chance of making a saving where possible – whilst there’s no guarantee that the home purchase will beat the deadline, by starting the buying journey sooner rather than later can help mitigate paying additional Stamp Duty. For more information go to https://thefinancehouse.co.uk/mortgages-independent-free-mortgage-broker/ Sources - Zoopla (2024) Two months left for first-time buyers to save up to £15,000 in stamp duty. Available at: https://www.zoopla.co.uk/press/releases/two-months-left-for-first-time-buyers-to-save-up-to-gbp15-000-in-stamp-duty/  - Gov.UK (2024) Stamp Duty Land Tax. Available at: https://www.gov.uk/stamp-duty-land-tax/residential-property-rates  - HOA (2024) Mortgage rate forecast 2024: Will rates go down?. Available at: https://hoa.org.uk/advice/guides-for-homeowners/for-owners/mortgage-rate-forecast/  All the information in this article is correct as of the publish date 26th September 2024. The opinions expressed in this publication are those of the authors. The information provided in this article, including text, graphics and images does not, and is not intended to, substitute advice; instead, all information, content, and materials available in this article are for general informational purposes only. Information in this article may not constitute the most up-to-date legal or other information. Please be aware that by clicking on to any of the above links you are leaving our website. Please note that neither we nor HL Partnership Limited are responsible for the accuracy of the information contained within the linked site(s) accessible from this page. Read the full article

[ascensionfinancesposts]

Expert Mortgage Broker Services in Lake Macquarie - Ascension Finance Pty Ltd

Looking for a reliable mortgage broker in Lake Macquarie? Ascension Finance Pty Ltd is here to help you navigate the complex world of home loans. Our experienced team offers personalized mortgage solutions tailored to your financial needs and goals. Whether you're buying your first home, refinancing, or investing in property, we provide expert advice and competitive options. Let us simplify your mortgage journey. Contact Ascension Finance Pty Ltd today for professional mortgage broker services in Lake Macquarie!

[influencermagazineuk]

Rising Mortgage Rates Make Home Buying Tougher, Says Nationwide

Nationwide reports that high mortgage rates are making it difficult for many people to buy homes. Even though salaries are rising, they can't keep up with the increasing cost of mortgages. House prices are stable, but fewer people are buying homes due to high borrowing costs. Some people are switching to cash purchases. High mortgage rates mean many people find it hard to buy homes, according to Nationwide. Even though salaries have gone up faster than house prices recently, this hasn't been enough to balance out the higher costs of mortgages. In June, house prices were mostly steady, with a slight increase of 0.2% from the previous month. The average house price is now £266,064. House prices rose by 1.5% compared to last year, but the housing market activity has been flat for the past year. Transactions dropped by about 15% compared to 2019. Nationwide says the increase in mortgage rates, which started when the Bank of England raised its key interest rate in late 2021, is still affecting the market. Robert Gardner, Nationwide's chief economist, said mortgage rates are "still much higher than the record lows of 2021 after the pandemic." For example, a five-year fixed-rate mortgage with a 25% deposit had an interest rate of 1.3% in late 2021, but now it's around 4.7%. Because of this, buying a home is still hard for many people. Nationwide's data is based on their own mortgage lending, so it doesn't include cash buyers or buy-to-let deals. Cash buyers make up about a third of housing sales. The higher borrowing costs have led to nearly 25% fewer mortgage transactions over the past year. Meanwhile, cash transactions for properties are about 5% higher than before the pandemic. Across the UK, Northern Ireland saw the biggest increase in house prices, up 4.1% from a year earlier. Wales and Scotland both had a 1.4% annual rise, and prices in England went up by 0.6%. Northern regions saw bigger increases compared to the south. Last week, some major lenders cut their mortgage rates, but home loan costs are still much higher than before the pandemic. According to Moneyfacts, the average rate on a two-year fixed mortgage deal is 5.95%, and for a five-year deal, it's 5.53%. People are now looking at the Bank of England's Monetary Policy Committee (MPC) to see if they will lower interest rates at their next meeting on 1 August. At the June MPC meeting, policymakers suggested that a rate cut might happen next month. Sarah Coles, head of personal finance at Hargreaves Lansdown, said, "Buyers might be more confident when the Bank of England cuts rates. This could happen in August, but we might have to wait until the autumn." However, she also said that we shouldn't expect big drops in mortgage rates overnight. The Bank of England said that about three million households will see their mortgage payments go up in the next two years. These are homeowners who got mortgage deals before the Bank started raising rates in 2021. Most of these deals will end before 2026. For a typical household looking for a new deal, monthly mortgage payments are expected to go up by about £180, or 28%. For around 400,000 households, monthly payments could jump by 50% or more. In May, the number of approved mortgages dropped slightly to 60,000 from 60,800 in April, according to Bank of England figures. The amount borrowed through mortgages also fell sharply to £1.2 billion in May, from £2.2 billion the month before, but this doesn't include people mortgaging with the same lender. Read the full article

[danteriverflow]

Things to think about

Version 1

1. A Council of the Isles

The purpose is to discuss areas of shared values/interests/concerns equally. To be attended by:

UK PM (if it still exists)

Regional English representatives (perhaps North, Middle, South)

1st Minister of Scotland

1st Minister of Wales

1st Minister of NI (unless Irish unification)

Gibraltar

Channel Islands

Isle of Man

Other significant island groups. (Outer Hebrides?, Shetland, Orkney, Atlantic islands, Diego Garcia, Falklands, etc)

Representative from Republic of Ireland

2. Brexit

Create a mini common market for perishable goods (Food, Fish, agricultural products) with the EU. No quotas/tariffs. Mirroring relevant EU standards.

Create a European Citizens Card granting shared UK/EU citizenship to anyone who wanted to apply for it.

EU workers rights to be mirrored as a baseline standard.

3. MP Reform / Elections

PM to be directly elected by the public. From the majority party, no longer simply to be the leader of the majority party.1

MPs ousting a sitting PM become ineligible for reelection.

Proportional Representation for general elections.

A “None of the Above” option to be added to ballot papers.

All party names, logos and branding to be removed from ballot papers and polling stations.

Less than 75% voter turn out reduces the parliamentary term to two years.

Voting age reduced to 16 years

Parliamentary term of 4 years. (Unless voter turn out is too low)

Elections to be held on the first Sunday of June.

Referendums regarding Constitutional change can only be won if two thirds of entire electorate vote for the proposition.

Formalised, legally binding, independently set, and judged, code of conduct for MPs (with real consequences for breaking them i.e prison, entire family banned from holding public office). 2

Fixed budget for MPs offices per annum, equal to per pupil funding. No expenses at all.

Parliament/the Crown/the state to purchase offices, with living spaces above in each constituency for the sitting MP. No other accommodation is paid for by the state.

MP starting salary to be the same as the starting salary of a teacher or nurse. (Same performance related criteria used for pay rises)

Pensions and other benefits to be the same as a teacher or nurse.

During periods of parliamentary shutdown (holidays) MPs will be tasked with doing seasonal work, fruit picking, etc. Salaries withheld for non-compliance. (Added to MP code of conduct rules.)

MPs pledge allegiance to: The nation, its people and the rule of Law and not the crown.

The right to national self-determination.

MPs barred from using social media.

MP's with external interests (must be declared, code of conduct) are banned for participating in votes and discussions where that interest is pertinent.

4. House of Lords Reform3

Creation of the title “Lord Senator” for people who will sit as the second chamber.

Limited to 99 people who hold the title for 3 years.

They must have demonstrable expertises in a specific field. (Science, medicine, law, education, commerce, etc.)

They may be reselected to sit for a further 3 years.

They will be nominated by a cross party committee and voted on by 101 (this number could larger if desired) randomly chosen (jury service style) “Citizen Electors”.

Traditional honours will still be awarded but only public nominations for those honours will be considered. Political donors will automatically be exempted from ever receiving an honour (honours will be stripped from political donors).

Titles bestowed will be honorary and receive no state funding or benefits. Titles may not be used as name salutations. These honours will be removed publicly for misconduct.

5. Party Funding

Political donations to be taxed at 60% over £5000

Donations may only come from tax paying, resident British Citizens.

End of Non-Dom status. Holders of UK birth certificate pay UK taxes regardless of where they live.

Publicly searchable database to be created for donors. (Who they are, where they are based, tax status, how much they have donated etc.)

All donations to be collected together and distributed equitably amongst all parties.

All political party’s must have a leader elected directly by its members.

6. Education

All schools become Free Schools. Academies abolished.

Eton to be closed and burnt to the ground.

All schools to have a board of governors made up of staff, parents, local officials, and community people to hold school leadership to account.

LEA to resume it’s old purpose, but without responsibility for standards.

Schools to, once again, receive their budget in one lump sum.

Academy Trust leadership to be disbarred from school leadership/OfSTED and lesser roles in schools will be highly controlled and limited in scope.

OfSTED to be scrapped and remade.

No notice of visit

No fixed length of visit

Old grading to be scrapped and replaced with 5 star ratings for multiple specific areas.

All teachers to be observed for 1 full teaching lesson, but not personally graded or evaluated.

Inspectors must hold the rank of Deputy Head or higher with a minimum 10 years classroom teaching experience.

Teachers will be chosen at random to become inspectors for one school inspection.

OfSTED to publish no documentation/guidance except the inspection report.

Privatised exam boards to be scrapped and replaced by a single national system.

Academic qualifications set by professional academic bodies (universities or Royal institutes)

Vocational qualifications to be set by trade guilds so training and qualifications are relevant to their field.

Students will have a mixed experience of academic/vocational education set to their needs and aspirations.

Students will develop a personal record of achievement. School achievements, exam grades, work experience, outside experiences (scouts/guides, coaching, sport achievements, Music, etc). All has equal weight.

What students do after they have finished compulsory education will be used to help parents' evaluate a school's performance.

Primary schools will focus on Literacy, Numeracy and the joy of learning.

Primary schools to include nature awareness. Plants, animals, trees. Camping trips, rambling, community allotments.

All student's learn a foreign language and offered the chance to participate in a student exchange program.

7. Monarchy4

Monarch would be retained, but stripped of all divinity/superiority.

They will be trained from birth to be head of state.

The extended family will not receive any titles, state funds, assistance or grace and favour lodgings.

The bells and whistles pageantry will be reduced to a basic minimum. Maybe keep some of it for the tourists.

8. Policing

A small national police force to deal with terrorism, organised crime, people smuggling - Pan-national crime.

County Constabularies to focus on local issues. Petty crime, cats up trees.

Police Stations to be closed and replaced with Tardis style community based police boxes.

Police Constables to spend all their time out in the community.

Interviews of suspects to occur with independent public observation.

Detention cells will not be under police control.

De-militarisation of Police uniforms. Return to more traditional uniforms.

No guns, no tasers.

Police to be trained in non lethal de-escalation techniques.

Soldiers serving in the armed forces will be looked after for life. Housing, physical care and mental health, transition from soldier to civilian. Their partners and children under 18 will also be looked after.

Instead of going to war the leaders of each country must fight each other one-on-one. The winner is victorious, no reprisals. Legally binding contract/treaty to be agreed before hand.

Crime and punishment will be separated.

Parliament decides what types of activity are criminal.

Parliament decides what types of "punishment" are available.

Courts decide if the evidence presented proves the accused is guilty of what they have been accused.

Courts decide what sentence is appropriate for that person from the punishments available.

"Punishment" should not be vindictive but to prevent recidivism.

If an activity becomes de-criminalised those already serving a sentence for that crime are immediately released from that sentence.

9. Housing

Buy-to-let mortgages to be abolished. If you can’t afford to own it outright you can’t afford to rent it out.

Rent to be capped at 60% of the equivalent monthly mortgage payments. If the mortgage was £1000 per month the maximum rent you can charge is £600 pounds in total for the property, not per person.

Minimum rental duration to be 5 years. Short term rentals will be called hotels.

Long term rentals (20+years) will be offered the chance to take ownership. Sale price minus the total rent paid.

All homes built will be council owned.

Council houses sold must be returned to council ownership for price paid, not market value, if less than 20 years has passed since sale.

Houses to be sold by the square metre, not by number of bedrooms. To aid comparison.

10. Environment / Economy / Society

Solar panels on the roof of every public building.

Smaller wind turbines added to lamp posts along motorways.

Companies selling products that use excessive/unnecessary plastic packaging taxed more.

More community green spaces in housing areas.

Switch farming from animal to cereal/vegetable.

Phase out large Power Stations, replace with smaller less damaging ones.

Better recycling/reuse for more types of materials.

More clothing reuse/recycling.

Abolish crypto currencies/Bitcoin.

Find a better alternative to petrol and electric cars.

Balance should be created between work and home life.

Plant more fruit trees in public areas.

Transform the economy from growth driven to sustainability. Stop keep making stuff just to sell just to keep profits increasing.

Job security. Happy, nurtured people work better/harder and more productively. Also get ill less.

Allow people space for personal development. Passive skills enrich life and work. Motherhood/maternity (and paternity) leave should not be seen as a hinderance but an asset to a company. The skills developed raising a child are huge.

Life is for people. Take the people out of a business and the business disappears. Get rid of the business and the people are still there.

All life is valid.

The right to personal self-identification. (Yes, you can identify as a panda, if you so wish)

Universal Basic Income ��12,000 per year5

Homeless people are to be provide with a proper home to live in, paid work tending outdoor public spaces, community projects or something more suitable is provided (only to provide up-to-date work experience and references).

Big tech companies to be tax properly on revenue raised from UK income.

Social media users get 15% cut of the money made from selling their data.

Small businesses (revenue under £2 million) pay no tax.

Software sold as subscription must also have a one off payment standalone version for sale.

Subscription services must offer a free, entry level tier where no credit card is needed for signup.

Electronic equipment must be 3rd party repairable.

Subscriptions can be terminated by the customer at any time by writing to the company regardless of how close you are to a renewal period. Failure of the company to comply results in all the money you have ever paid them being refunded to you.

Private companies operating public services may continue to do so but will pay the state 60% of all profits for the privilege. No tax payers money will be handed over to them. Debts incurred will be their own.

Banks will never be bailed out. People's savings up to £150,000 guaranteed.

Separate interest rates for borrowing and saving.

Savings interest rates will be tiered:

10% - £1 to £10,000

5% - £10,001 to £50,000

1% - £50,001 to £100,000

0.5% - £100,001 to £500,000

0.01% - £500,001 to £999,999

-10% - £1,000,000 and over

Redundancies start at the top. CEOs/management get cut first. The people who caused the problems should be punished before those who have no power in an organisation.

Fire and rehire abolished.

Terminally ill patients have the right to end their life on their own terms.

Colonial artefacts held in museums to be duplicated and returned to place of origin, if place of origin want them back.6

Complete global nuclear disarmament.

Notes

P.S.

Tumblr and webbrowsers don't always render markdown as expected, sorry. Footnonte links aren't seeming to work.

A list of candidates from each political party (3 per party) will accompany the ballot paper. The voter would choose one person from each political party they would prefer to be Prime Minister in the event that that party won. (Majority vote wins) ↩︎

13 Citizen Electors will be randomly (and secretly) chosen to evaluate if the accusations breach the code. The accused will remain anonymous to the Electors. ↩︎

I like the idea that people who know what they are talking about (experts) can examine the full ramifications of laws and how those laws will impact upon their field without needing to appeal to, or worry about, populism to win an election. ↩︎

The only reason not to go full republic is to stop the likes of Nigel Farridge, Boris Johnson or some other rightwing twonk or Neo Nazi lording it over us. ↩︎

Available to anyone over the age of 21 with at least 5 years National Insurance contributions (voluntary work, work experience, Saturday jobs, and apprenticeships are valid). Available to anyone who applies for it. No other state money will be received - no job seekers, housing benefits, pensions, working tax credits etc. £12,000 per year is all you get. This should make government expenditure simple because all you need to know is the number of people over 21 multiplied by £12,000. ↩︎

Items we would like to keep will either be bought at market value or leased from country of origin. ↩︎

[cryptosharks1]

Bitcoin, Cryptocurrency, Finance & Global News – March 22nd 2020

VIDEO TRANSCRIPT

Hi guys. Thanks for tuning in to tell episode of nuggets news. Well another truly amazing week we’ve got so much macro news and crypto news to get through. A lot of that is intertwined these days so I do encourage you to watch the full video. We welcome a couple of thousand new subscribers. Thanks so much for following us we’re trying to give you the most up to date information we’ve got literally thousands of people contacting us through all our channels wanting to know how to learn about gold and silver Bitcoin crypto currency what is going on in the economy. So we’ve got all these free resources on our Web site guys. So said friends and family they’re all your favorite videos. This video we encourage you to share all that content. That’s why we’ve been busy making it all for you for the past few years for these types of situations particularly a big thank you to our members like all businesses we are relying on you for our revenue and I employ 13 people now and I know I need that money coming in to keep them employed to keep giving you guys the best content. So huge thank you. 58 new members in our premium area read that welcome post guys stick by the rules it’s all functioning really well for the most up to date information you know to the minute type updates from everything around the world and I can’t thank you guys enough for the way that’s all running at the moment. Let’s get into the local news first where Prime Minister Scott Morrison has just gone live. He’s unveiled a far bigger stimulus package. I’m all for anything that gets money in the hands of people that are losing their jobs. We just need to make sure that people can get by. And I know a lot of people are still saying he says well you know how do I keep my business going and this time the other big guys. The reality is businesses are going to close. It’s going to be bad. This is what I’ve been talking about. A lot of people have never had a rainy day and we need to acknowledge that you know let’s support people. Let’s make sure there’s food on the table. They don’t have to pay their rent their mortgage their power bills. We need to just you know do everything we can to get by until this all passes and it will pass so I’m not getting into all the details of that package. We’re going to go through all the different countries and what they’ve done so I’ll let you guys read the details of those specifics but I certainly think there’s been no mistruths pushed by the media. So look at these stats again from today from Core Logic and all the real estate industry telling us that house prices are still going up by the day. I mean who on earth believes this stuff and we know that it’s all connected particularly in Australia where we need to protect house prices from going down. That’s very hard to do when people start losing their jobs and have a lot of investment properties because it’s all connected now. Our banks the most exposed in the world in terms of their mortgage books. So yes the government are going to do everything they can to rescue the banks. We’ve seen all these excuses around the world now encouraging people not to take out cash or you know telling you the reasons why you can’t even spend your own cash. So look these things are to be expected. If you’ve been following the channel we’ve been saying this is going to happen and it’s just happened probably faster than we thought because of these recent catalysts. So earlier this week a lot of super funds including Australia’s largest Super Fund sent out emails to clients basically saying you know markets go up and down you have to really ask yourself if it’s if it’s a work taking these unnecessary risks and trading your super assets. So a bit of a typo there that tells you that that was rushed and panicked and telling people not to sell. Markets are since down another 15 per cent and I know a lot of people with their super fund are hurting at the moment. I certainly feel for you guys the RBA coming out and they’re going to have to print this money and buy our bonds. The next step is obviously corporate bonds and then stocks you know mortgage backed securities in other countries. It is just insane the level of stimulus that we’re seeing at the moment. And obviously bitcoin and go to the two things they can’t print. We’ll get to that in just a second but all this leads to the collapse of the Aussie dollar down to 55 cents you can’t quite see that behind me there sorry. That’s. This is one of the side effects of our economy that I’ve been warning about since we made our documentary over a year ago. And this pushes up yields. So when the government is now issuing debt because governments are going to run up huge huge debts and they’re issuing these bonds trying to get people to give them money but people aren’t going to give them money when they know the economy’s in trouble and this is when interest rates rise and that’s when central banks might be forced to raise interest rates. And that is just the nightmare scenario having to raise interest rates. Well everyone’s got all this debt. This situation is really messy and that’s why everyone is looking to escape into these perceived safe haven. So look good timing over in Italy where some of those banks are opening up bitcoin trading. One point two million you’re in lockdown. So these are the options the on ramps that we’ve been talking about that are now really global for people to escape the crumbling financial system. I did a detailed video on that all the different options you have to get into US dollars gold silver Bitcoin stable coins the counterparty risks of each of those so watch that video share it with friends and family if you haven’t already. FCX have got two gold stable coins a T and Pax G is the other one over there and they’ve also recently added Aussie dollars as an on ramp so you can connect your bank account and it’s a very quick way to get into US dollars or stable coins and then you can withdraw those and keep them on your hobby wallet or your ledger as well as other tutorials I’ve done recently on how to hedge if you’ve got your gold and silver holdings or bitcoin holdings as well there’s ways to hedge with the other products. All right. So what are you that managing your own money. Very happy right about now and we’re hearing all these stories about super funds and the delays. We’ve had a record amount of people start to manage their own so finding super funds so I’m gonna get Mike on this week because there’s a lot of questions now about can we withdraw from our super fund another thing that the government announced today. So hopefully we can address all those questions really clearly. One thing I will mention with that announcement from the government is that if people are withdrawing that ten thousand dollars or more from their super you remember the stock market is down it’s probably gonna keep going down. So all that money that you’re drawing now could be more down the road. Now some people don’t believe we’re going to have retirement funds in decades from now but that can start more of a ceiling because traders and investors are going to say Well everyone’s going to be selling to take many of their super. I’m going to front run that selling. And so that can I just think it’s coming together. There’s nothing that is going to make markets go higher anytime soon until this all passes. So that’s the financial side of things in terms of the health care side of things. I thought our government were going to announce more measures on Friday. They’ve come out again today and extended things encouraging people not to do non-essential travel. But it’s still not really enforcing any of this. It’s up to you as the individual just like no one’s going to save you from the world of finance. No one’s going to make you healthy and no one is going to protect you and look after you guys you have to take that responsibility yourself and a lot of you guys know that you’ve been following the channel you prepared for everything that’s happening now. So yes schools still aren’t closed. There’s talk as I’m recording of New South Wales and Victoria looking to implement that in the next 48 hours as soon as one state does it they’re probably all going to follow. But yeah I’m certainly surprised I’m giving everything that’s happening firstly on Friday. It was one cruise ship. Now it’s five separate cruises that have all had confirmed cases those people are scattered throughout Australia. We haven’t really seen that spike yet but if this doesn’t scale nothing will. This is a beach on easily 12 days ago. This is absolutely reminiscent of what we’re seeing in Australia down here in Tassie. I spoke to friends. They went for a walk this morning. All the restaurants are packed all the bars are packed. No one is taking this seriously yet and no one is taking it seriously. In Italy twelve days ago just have a look at where they are now. These excuses that we’re hearing it’s only all people 54 percent of New York City’s cases are between 18 and 49 year olds. So it is not just affecting all people at all. We’ve now got cases of babies as young as seven months old and and children that are getting this so please guys you have to realize the severity of what’s going on at the moment. I’ll just press refresh here. There’s a couple of Web sites giving us up to date information on the Australian statistics. But this is just growing continually. You know 20 percent a day exponentially we haven’t even slowed it yet mathematically we are still on track to you know to hit the number that is going to overwhelm our hospitals unless we slow this down. So we’re not quite as bad as Italy and Iran. We’re somewhere in the middle here. We are certainly not down here near Singapore and we’re not flattening the curve like the government is is telling us that they you know they’re really happy with the job they’ve done so look a couple of positives here. Kofi to help dot com today you. This is a website built by one of our friends. It lists all the freebies and the help how you can help other people charities check that out in the time of need we’ve got to come together and help each other globally. Let’s just refresh that. Three hundred eight thousand now at time of recording the deaths ratio has actually gone up a little bit recently. Again we don’t know how accurate this is in terms of total that are going undiagnosed and not tested recovery takes a little bit longer. Two or three weeks you’re in hospital in a lot of cases. So we get the deaths before we get the recoveries. That’s all to go through the system but the wiring thing here is that even on the exponential scale we’re now accelerating higher again in across Europe across Australia across the US. All right let’s go to China another 50 percent plunge after 44 percent last month. So these auto sales a lot of industries are down 90 percent. There’s talk that China’s factories and people going back to work. Now we don’t know if they just try to push out those stats or if that is the truth. I certainly don’t believe the numbers we’ve seen some photos from hospitals with new cases in China. So they’re saying I’ve got zero new cases I’m not sure if I believe that Secretary I’m a nutrition. Now the same guy who said that cash is not used for money laundering now says that won’t cause a recession in the US so I’m not sure what he’s looking at. But if you have a look at some of these State of the restaurant industry statistics Australia hasn’t been hard hit yet because we’re a week or two behind the rest of the world. But globally restaurants are down 98 percent Canada is down 100 percent. The friends that I talk to that own restaurants and businesses having to fire staff this week there’s just no nice way to put it guys this is the reality we face where we have to lock down and if we do that for a month that gives us the greatest chance to pull through the other side. Five hundred thousand jobless claims in Canada. I certainly think some of these estimates about unemployment and GDP are going to be around 10 per cent loss. And this is kind of the slack that governments are gradually picking up in terms of the stimulus that they’re putting out. Trump looking to give every American a thousand dollars. We’ve now got similar things in all the different countries. Yeah. I think you have to do it. Some people get to complain about government debt. That’s another issue altogether. They were already running huge deficits but we’ve got to make sure that people have food on the table in the US. Some of my friends are telling me that the swearing over there about how the system is you know treating different patients with different health care and insurance and some of the backlogs for just getting those admissions and claims and whatnot it’s another headache altogether. So if you know more about that let me know down in the comments below about how that’s going to work once those U.S. hospitals start to get busy and people losing their jobs. New Jersey the latest one to shut down. I think the total is now around 100 million in terms of Americans that are in lockdown. National Guards deployed because people aren’t taking it seriously. Similar over to the UK in Europe now where British police are giving people powers to detain suspected cases of people that quarantine themselves. And this is where the totalitarian invasion of privacy is beginning now. There’s all sorts of conspiracy theories going around but the big tech giants being asked to hand over all that data once they do that there’s no going back. I guess that’s what what worries me. So yeah they’re asking the big tech giants to hand over all these tracking data so they know where you are every time even if you turn your location data off and your phone off. Edward Snowden has told us that you know these new smartphones. That’s why you can’t take the battery out because they’re always triangulating your signal to the different cell towers. Now tying that together with how you can maintain your privacy with a VPN a P2P VPN office offering free services so it’s lovely to see all these communities looking out for each other. In this time of need so orchard this is actually a cool little project that I’m going to talk about more in future. Great stuff there at the brave browser. If you don’t use these already to block all the ads and to block all the data it’s free to use download brave browser but are they really taking on the big tech giants with all these privacy issues at the moment. Bank of England have canceled all their stress tests. Look all these stress tests don’t plan for these sort of situations so you know it’s all a bit of a walk in the park and they take these boxes and tell the public how strong the banks are. Well look look at them now they’re all getting bailed out. You know a week into a bear market Britain 2000 sorry. Twenty five thousand dollars to the local businesses there AC base got out their bazooka in terms of QE and other stimulus. The stock market has hit record highs in the VIX closing at 82. So that’s perceived volatility from the stock market. They’re saying that markets could currently what they’re pricing in is that it could go 82 percent lower. Now that rarely actually eventuates but that’s just the level of fee at the moment in the S&P 500 in the volatility index. The Lehman playbook continues So the Fed have unveiled another bailout this time for the money market funds. The Fed is going to have to bail out everyone the engineers of the 2009 bailout say that this has to be bigger than the GFC bailout. These numbers are off the charts. Outflows absolutely everybody is getting out of ETF bond funds. The stock market investment grade bonds people are just running for the exits and trying to go into US dollars. And there’s simply not enough dollars in the world at the moment that’s why the Fed is having to expand their credit and bail out all the different countries including Australia at the moment distressed debt has doubled in the U.S. in two weeks half a trillion dollars now. So this is that spike that they’re talking about the interview with Marika to star will be out this week. He’s the commodities expert and a lot of these junk bonds that have been issued by the U.S. oil frack is shale producers. They can’t pay that. They don’t have any revenue and positive cash flow they’re going to default on all this debt and that can stop the next wave down in the stock market. So Boeing is just one example of a company that repurchased over 100 billion dollars in stock and now they’ve had their debt downgraded to sorry 4.5 trillion dollars worth of buybacks have occurred. And this is what’s pushed up stock prices and now all these U.S. execs are demanding that taxpayer funded bailouts of shareholders after they’ve spent all that money buying back shares and making themselves rich. The Fed extending its currency exchange program to all those central banks around the world. I just mentioned that confirmed these theories and these rumors that were going around earlier in the week that the Fed are now bailing out hedge funds. Absolutely crazy stuff and a lot of people still completely unaware this is happening. Insiders were dumping their stock. So this is Kelly Loeffler who came out and denied that she said all her investment fund manager. So really stock so the day after they were briefed about how things were how bad things are getting in China and how it was going to affect other countries and come to the U.S. these you know the elites that were in this meeting room dumping millions of dollars of shares in things like hotels and airline companies and whatnot. So wait to see if that goes to criminal charges. But man I mean these people are just so corrupt. So the record number of CEOs left they saw this coming. Two hundred nineteen CEOs left in January after we already had record amounts in the months leading after that. So the reach that are paying themselves a hundred 200 or 300 times the salary of the average worker they’ve got so much money they’ve gone to their private islands or their bunker or whatnot and they’ve got out privatized the profits and then published the public put stumbling my words he guys publicized the losses. So get the government to bail you out. Taxpayers. So so frustrating to watch these happen and I hope this brings about change. You know the bank of Japan have been buying up trillions of dollars worth of yen of stock markets. They own all the ETF. And a lot of shares they own all the government bonds and I’ve lost money doing so. So if this doesn’t bring about radical change in our financial system I just don’t know what does. We need a new system and obviously hopefully a lot of the decentralized world those ledges that cut out people in the middle and bring about transparency and trust was what would get a 10 to couple of positives to finish on the FDA have authorized these new 45 minute rapid point of care tests. We’re getting stories that people of you know in one case people have died waiting for test results to come back. There’s more tests and newer tests being designed in manufactured in Australia. Hopefully these things are still a few weeks away. But look all the smartest minds are out there trying to work on solutions. High hopes for a treatment. We’ve seen some positive results in a few of these other HIV drugs. I spoke about that in yesterday’s video a little bit say look these trials are going to take weeks as well. Anti malaria drugs. There’s a few others that have shown benefits for me. What I recommend you do. I’m going to do a whole whiteboard video about this but it’s just getting your immune system as healthy as you can help. You know he’s eating healthy trying to de stress I know that’s tough at times like these with meditation or going for a walk or just tuning out at nighttime you know you vitamin C.. Personally I love eating you know that the spicy foods getting you chilli garlic Asian food really healthy style diet. Guys get your immune system ready to fight off anything that he catches a lot of jobs are going to come out of this as well as a lot of job losses so people are going to all be wanting to get hired at Amazon Coles and Woolworths are putting on people. I think we tend to see huge demand for extra health care workers. Maybe we can do some fast tracking you know one month basic nursing course. Something like not just all hands on deck society coming together almost like a wartime effort until we until we beat this. For those of you that are wanting to trade this just remind you of how risky and how volatile markets are. But if you do want to short the stock market don’t use any leverage or anything like that. It is possible to still make money but I think for most people now it’s about hedging whether that your currency risk your portfolio your crypto holdings or whatever you want to be hedging and protecting your capital. So we’ve got that hundred dollars free bitcoin sign up for those that are interested in trading these guys off of that virtual account. And if all you want to do is practice trading in these sort of conditions you know that is going to be a lifelong skillful when we have that you know the next market cycle whether it’s 10 or 20 years from now. So look even a practice account is good for learning while you’re at home. Let’s get into the crypto news where bonds and with Xerox have announced a 50 million dollar block chain fund in India. These guys are doing great stuff. They’ve got a token that’s been performing extremely well again of late. So once crypto markets turn around I think exchange tokens are ones that are going to do well. Ripple have cemented their Asian presence with more partnerships in Thailand with fintech Company D money their car down in the headlines again. Charles Hoskinson did go live and say this wasn’t a big deal. This was an old partner. Nothing to worry about and it’s not going to affect the launch of their may net which has been months and years in the making now. So hopefully Shelly does come out soon. The Teslas Foundation has settled a lawsuit for 25 million and saying that they’re sick of paying all these legal fees. We know how much lawyers love to charge and in the crypto world we’ve got steam in the community. They’re actually hard for the network and they’re relaunching hive as they’re calling it they’re after everything that’s been going on with Justin sun trying to buy out the network. So great to see a decentralized community coming together there storage decentralized cloud storage is in computing. I’m very bullish on these type of projects. They’re tardy grade upgrades now live. This is a perfect example all the theorem being able to have these censorship resistant file storage so Chinese journalists are sharing reports on a theorem because if they tried to share them on the Internet they can get censored and blocked and shut down. So this is the decentralized World in Action that Micah has had its issues this week. The system didn’t function as it should because the theorem got clogged during that huge sell off. So they had to issue some more make it tokens and that is the way the system was designed to function. That was the emergency backstop those auctions have all finished now. There were plenty of buyers in the make a token and that one has bounced back really well in terms of price after a lot of people were fearful that was the end for the project. With all these issues happening in the world of day at the moment insurance has never been more important. So Delphi digital did a great research piece on all the best insurance projects in the world of five. And um I’ve spoken out nexus meet you had them on the channel open. I’m going to have those guys on as well. Ether risky is another one you can’t see behind me there are some very cool little projects there. So I read that report from Delphi digital. HTC are getting right behind Kibo and a lot of these smartphone companies are really integrating with crypto wallets and what not so great to safety for public awareness. The theory and baseline protocol is now open source on github. So this is the the protocol for building private systems for corporates and businesses to use the fear in public chain while still keeping the data that they need to private. Using this protocol layer on top of the theory in public chain open browser have enabled Apple Pay debit card crypto purchases in the U.S. So as if they didn’t have enough on ramps already it’s more these developing countries which is really the rapid expansion of getting the millions or billions of people into the crypto world that I’m excited about. But Coinbase Coinbase has said that traffic broke records and so huge volumes during the recent market collapse. So these are very similar to the stories that I’ve been hearing. Like I spoke about at the start of this video the website traffic was it was through the roof. We’ve had thousands of people and hundreds by Go Silver and bitcoin for the first time because with everything happening as ro says here Heyman I’ve been talking every day at the moment because it’s kind of you know you need to branch out with so much happening around the world. But in some ways it’s exciting for the bitcoins and the people that have been expecting this and bunkering down living within their means and saving getting into your goals you Silver’s getting out of shares and if you’ve been prepared hopefully there’s a lot of good that can come from from the bad at the moment when people lose their jobs. Hopefully the new system when the dust settle it’s going to create a better job and a better quality of life for a lot of these people. That’s what I hope can come out of all of this. I certainly think that decentralized system is going to play a huge role in all that. So just quickly looking at the charts here. Bitcoin has had a pretty decent bounce this week. We’ve got to be careful that this is just a bear flag when we see a huge sharp sell off like this. But you know my thoughts that that liquidation on Pete makes actually push prices a lot lower than they maybe otherwise would have gone if we didn’t have that cascade where they had to shut the systems down and other exchanges were getting dragged lower. So there’s plenty of healthy buying like gold and silver have not been immune from this either. It’s ridiculous to see the price of silver under 12 dollars when you can’t get physical silver at basically all bullion dealers around the world. So that is going to break in the coming weeks when people actually buy those futures contracts and they demand delivery at the 12 dollar price. So the paper market is going to break and it’s going to come back to the real world price and demand for silver. The same with gold. You’ve got your digital options. I’ve done videos on that guys hang in there. I just can’t explain how bullish I am with the governments and central banks around the world printing trillions of dollars. What this means for these finite currencies that can’t be printed longer term so hang in there. We’re all in this together. Head over to our website to check out our resources. Join up to our community if you want to join the discussion and stay up to date with everything that’s happening. Thank you for supporting the channel more than ever guys place mass that like button subscribe. You haven’t already shown these videos around and I’ll talk to you again soon. Cheers.

The post Bitcoin, Cryptocurrency, Finance & Global News – March 22nd 2020 appeared first on Cryptosharks.net.

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[theswanseamortgagebroker]

Mortgage Advice Company in Neath - The Swansea Mortgage Broke

At The Swansea Mortgage Broker, we know the challenges faced by those looking to purchase or refinance rural properties and can help you secure the right loan for your situation. We are experts in Mortgage Advice Company in Neath and have the best range of services available to suit your individual needs. We understand the unique nature of properties and can tailor a loan solution to meet your specific requirements. Our experienced team helps you through every step of the process, from initial assessment to application and approval. Visit our website now to learn more about our finance solutions. https://theswanseamortgagebroker.co.uk/neath/

[whichmortgage]

Revealed: the UK’s best and worst places for buy-to-let

Many landlords and investors may now be looking to expand their portfolios, with lockdown restrictions gradually being eased and major lenders such as Barclays, Accord Mortgages and Skipton International cutting rates and raising their lending ceilings. But where’s the best place in the UK to invest in at the moment? Mojo Mortgages analysed data from the Land Registry, Zoopla, OnTheMarket and property data portal PropertyData.co.uk to find out where the current hotspots are, and also the areas that don’t generate profitable yields. There are an estimated 2.6 million buy-to-let landlords in the UK and, despite the pandemic, Mojo Mortgages says those who do have the funds to invest believe investment opportunities will emerge, with lenders cutting rates on buy-to-let products and raising affordability thresholds. The free online mortgage broker also says there’s market sentiment which is leaning towards limiting competition from other buyers and even pushing up demand for rental property. The top 20 buy-to-let areas – where are they? Postcodes in the top 20 are all generating some good returns, with the highest being Liverpool, where landlords can enjoy yields of up to 10%. Bradford, Sunderland and Middlesbrough follow with yields of 10, 9 and 8% respectively. Liverpool and Sunderland are popular university cities and the consistent flow of potential tenants puts landlords in a good position, even if this might now be temporarily disrupted by universities operating remotely for the foreseeable. Even postcodes towards the bottom of the top 20, such as those in Aberdeen and Glasgow, are returning healthy yields of 7%. Postcode Town Region Properties for rent Average yield Properties for sale Average price L7 Liverpool North West 98 10.30% 59 £95,000 BD1 Bradford North West 89 10.00% 63 £57,000 SR1 Sunderland North East 90 9.40% 67 £61,000 TS1 Middlesbrough North East 117 8.80% 93 £56,000 LS4 Burley, Leeds West Yorkshire 124 8.60% 16 £169,000 L6 Liverpool North West 84 8.40% 51 £97,000 L1 Liverpool North West 72 8.10% 191 £104,000 NE6 Newcastle-Upon-Tyne North East 289 7.80% 123 £128,000 CF37 Pontypridd Wales 132 7.70% 133 £125,000 M14 Manchester North West 262 7.60% 12 £177,000 EH8 Edinburgh Scotland 156 7.60% 52 £215,000 G31 Glasgow Scotland 48 7.50% 46 £117,000 L15 Wavertree, Liverpool North West 95 7.40% 78 £138,000 L2 Liverpool North West 40 7.40% 123 £127,000 S1 Sheffield South Yorkshire 97 7.20% 86 £112,000 G32 Glasgow Scotland 50 7.20% 102 £92,000 CH41 Birkenhead North West 38 7.10% 98 £84,000 AB11 Aberdeen Scotland 103 7.10% 67 £93,000 G4 Glasgow Scotland 88 7.00% 46 £172,000 AB24 Aberdeen Scotland 270 7.00% 83 £99,000 Liverpool, Bradford and Sunderland out in front Liverpool’s L7 postcode tops the buy-to-let yield table, generating yields of 10.30% from an average asking price of only £95,000. The L7 postcode covers the area of Edge Hill and is in close proximity to Liverpool’s city centre. Five more Liverpool postcodes feature in the top 20, with returns ranging from 7.40% to 10.30%. In second-placed Bradford, meanwhile, the BD1 postcode returns a rental yield of 10%, and the average asking price stands at only £57,000. The BD1 postcode covers the main town centre of Bradford, offering commuters easy access to bigger cities such as Leeds. Over in the North East, Sunderland – which has recently generated worldwide attention thanks to its football club’s starring role in Netflix hit ‘Sunderland Till I Die’ - is generating rental yields of 9.40% for landlords, with a solid student population helping to prop this percentage up. The average asking price of a property in Sunderland is only £61,000, which means yields are far less squeezed. The North West named as the best region The North West is one of the top regions for strong buy-to-let yields, according to Mojo Mortgages’ analysis. In addition to a number of profitable areas in Liverpool, the postcode area of M14 in Manchester -which covers Fallowfield - offers yields of 7.60%. Both these cities have a solid student population, plus property prices are relatively low. The 10 worst buy-to-let postcodes Postcode Town Region Properties for rent Average yield Properties for sale Average price SW3 Kensington and Chelsea London 145 2.1 112 1,612,797 RH20 Horsham South East 29 2.1 158 547,781 W8 Kensington and Chelsea London 172 2 108 1,891,603 HR9 Hereford West Midlands 21 2 134 353,758 RG10 Wokingham South East 42 2 113 611,725 B95 Stratford-upon-Avon West Midlands 36 2 114 575,190 WC2 Westminster, Islington, Camden London 129 2 101 1,671,087 HP9 Chiltern South East 46 1.8 109 1,071,041 SW7 Kensington and Chelsea London 231 1.7 125 2,097,726 W1 City of London London 157 1.4 68 2,388,107 London and the South East perform the worst By contrast, the capital, the South East and the West Midlands perform much less strongly when it comes to rental yields, with incredibly high average asking prices in many cases. Properties in the City of London and its surrounding boroughs generate the lowest yields in the UK, with average prices to buy above the £1 million mark. The South East also features prominently in the top 10 worst buy-to-let list, more than likely due to areas such as Wokingham, Chiltern and Horsham being commuter hotspots, rather than areas to rent in. Stratford-upon-Avon – the birthplace of Shakespeare - also features in the bottom 10 with an average yield of 2% and asking average prices at just over half a million. Top 10 London buy-to-let areas Postcode Town Properties for rent Average yield Properties for sale Average price Average asking rent (pm) IG11 Barking 74 5.4 135 289,374 1,302 RM9 Dagenham, Becontree 39 5.3 77 314,129 1,380 RM8 Dagenham, Becontree Heath 29 5.2 46 317,533 1,388 RM10 Dagenham 24 5 53 317,609 1,336 UB5 Northolt 29 5 79 318,272 1,318 E12 Manor Park, Little Ilford, Aldersbrook 19 4.8 39 380,554 1,509 E6 East Ham, Beckton, Upton Park, Barking 35 4.7 85 384,498 1,497 E13 Plaistow, West Ham, Upton Park 39 4.7 77 378,612 1,486 RM13 Rainham, South Hornchurch, Wennington 17 4.6 82 366,944 1,412 RM6 Chadwell Heath, Little Heath 33 4.6 54 346,458 1,335 Despite the capital having the worst yields of anywhere in the country, London does still have many pockets where rental yields are much stronger. London’s rental market is huge and there is always a very large demand for rental properties in the capital. Tenants have a much wider variety of properties to choose from. IG11 in the London Borough of Barking offers the best rental yield and average asking prices of £289,374. Dagenham features three times in the top 10, with areas such as Becontree and Becontree Heath also generating yields of more than 5%. Houses prices in these areas tend to be much more affordable. The London Borough of Ealing only featured once in the top 10 with Northolt generating an average yield of 5%. The 10 worst London buy-to-let areas Postcode Town Properties for rent Average yield Properties for sale Average price Average asking rent (pm) SW14 Mortlake, East Sheen 28 2.5 70 994,028 2,030 SW5 Earl's Court 240 2.4 142 1,076,946 2,187 EC2 East Central London 177 2.4 140 1,325,933 2,705 N6 Highgate, Hampstead Heath 79 2.2 98 865,998 1,614 SW3 Chelsea, Brompton, Knightsbridge 145 2.1 112 1,612,797 2,868 SW1 Central London 269 2.1 195 1,529,559 2,666 W8 Kensington, Holland Park 172 2 108 1,891,603 3,119 WC2 Central London 129 2 101 1,671,087 2,811 SW7 South Kensington, Knightsbridge 231 1.7 125 2,097,726 2,981 W1 Central London 157 1.4 68 2,388,107 2,807 High property prices in London mean that a buy-to-let property in the area must work hard to return a profit. In some areas of the city, that can prove to be very difficult. The postcode of W1 in Central London generates the worst yield at 1.4%, with the average asking price of a property around £2.3 million, whilst the average asking rent is a massive £2,807 per month. The average salary in London equates to £37,000 annually, and £2,300 monthly, making it unaffordable for many sole renters to go it alone. The best of the ‘worst’ is in Hampstead Heath, N6, where the average asking price is lower than in other areas of the worst 10, at £865,000, and average asking rent is £1,614, making the buy-to-let yield 2.2%. Read the full article

[bestadviceuk]

YBS adds limited company holiday let product

YBS adds limited company holiday let product

YBS Commercial Mortgages has unveiled a new limited company buy-to-let product aimed specifically at holiday letting properties in prime UK tourist locations.

The new holiday product is focused on the South Coast, South West, Wales and the Lake District.

The new product offers a five-year fixed rate at 3.85% for loans up to 75% loan to value (LTV) with a maximum loan amount of £1 million.

The…

[scottmapess]

Bitcoin, Cryptocurrency, Finance & Global News – April 5th 2020

VIDEO TRANSCRIPT

Hi, guys. Thanks, Virginia. Another set of Nuggets news. Well, another huge Newsweek we’ve got so much of that macro news to get through as well as all the crypto headlines. We do welcome a couple of thousand new subscribers again this week. It’s great to see the channel growing. And I know plenty of you introducing your friends and family into this world and learning for the first time. So just reminder, we’ve got a range of free resources. I know we often use all these different terms. So we’ve got a glossary as well as in-depth guides on everything over on our Web site. And we’re building out that resources hub every day. We’ve also got our premium community. We get all our extra research in my daily write-ups and you get to be part of our discussions that we have every day around everything from what’s going on in the world finance and swallows everything in the crypto community. So that’s available as well. Here’s a sample of our premium research. These are the five projects that we covered in depth this month and you get all these reports emailed to you as well as daily emails to keep up to date as well. All right. So let’s get into the local news. And I want to, I guess, start off by saying that this is a huge positive, that the curve has flattened to some degree in Australia. But it’s really important that we don’t celebrate too early. And what I really want to highlight to people today is the curve of these unknown local infections is still growing exponentially. So we might have had that first wave of all the people returning from overseas. And now, because we didn’t go into a really strict lockdown for weeks, we had a lot of, you know, hairdressers, schools, this, that and the others to open it was allowed to spread through the community. And this is what is really troubling. This is just New South Wales and this is growing at 10 per cent a day. So that is what we need to get on top of. If that starts to flatten out, then we can certainly start to be more positive about the future. So more than 400 cases have been confirmed just from the Ruby Princess cruise ship alone. This week we had the leaked emails coming out that the New South Wales health authorities, they knew that those 100 passengers on board that were symptomatic, but they decided to let everyone off anyway. So I’m sure some heads are going to roll there, but hopefully this doesn’t get worse, because if it all comes back to what happened here and the failures of the authorities. That is a really, really bad look. Now, other countries like Singapore have got it under control, but even they are experiencing a bit of a second wave. China have had some outbreaks. You know, we don’t really believe the numbers coming out there. But other countries that people were saying, oh, look at what they’ve done. Even they are having to go back into more stricter measures. So it’s not like once that curve flattens, you just past the worst of it. Really important to understand. Now, I certainly do agree with people that are saying that some of the measures that have gone and been put in place are often, you know, quietly have gone too far. So we’ve got everything from police drones now monitoring people, big fines and arrests. I do think everyone does need to adhere to these social distancing and the quarantines for the time being. If they get too extreme when everything is going really well, then, yes, we’ll start to ask questions. And even the Australian police have said that they will repeal some of these new laws and rules and what not. So that’s a positive sign. But do we really need to be doing this? Cell phone tracking this week, Google and Facebook started handing over all our tracking data to authorities. And this really is becoming that surveillance state spy cameras and public doxing and whatnot. So, Alex gladstein, humans rights activists, we are going to have him on the channel soon. But this is the questions. And I understand why people have got all these different theories, because what is going on and how sudden it’s all happened is actually pretty scary. So now it becomes about supporting people financially if we’re telling them that they’re not allowed to go to work and what not. And I was critical that Australia weren’t doing enough soon enough. And this week we got to, you know, a lot more stimulus. So this is far bigger than anything back in the GFC. This is equivalent to 10 per cent of our GDP, our economy. But now we need to make sure that it gets into the hands in the pockets of those that need it most. And this is where we start to have these arguments about, well, is this like QE in America that it just went to the banks versus how much is actually getting to people. So we’re very quick to bail out these airlines. You know, $5.6 billion. Our Australian taxpayers going to be happy with this or should they get a share? You know, if we’re gonna bail out these companies, why shouldn’t we get, you know, equity in these companies so that when they get back up and running and profiting, we are the ones that benefit. It’s not just back to the old big corporate exact bonuses and, you know, huge dividends and whatnot. You’ve already privatized all those profits and. And once again, socializing those losses. Now, not everyone is fitting the criteria. So really unfortunate where we have a lot of what you would consider Ozzies people from overseas that have lived here for a while. And the Prime Minister’s told visitors and what not to sort of make your way home. Now, some people that move here, they need to say that they’ve got enough to support themselves in case these things happened. But I know we’re hearing a lot of stories of people that don’t qualify for some of these support bonuses that are pretty much Ozzies, by every way. We do look at it. So let me know those stories down below when you think about all this as well. Now, the banks have said they’re going to give a one time mortgage payment break to some of the mortgage holders. If you actually dig down a bit deeper, I think this was the equivalent of something like 40 or $50. Because if you delay these loans and these breaks you want not they all still accrue interest. So this is the headline that banks put out because they want to get all the good publicity. But you know, it really in the grand scheme of things, they’re not really doing you any favors at all. It’s always going to be a profit for them. Now, overseas, we’ve seen some of the banks be forced and told to cut their dividends and to cut bonuses and even salaries and whatnot. So you don’t touch the dividends in Australia. You know, that’s you know, that’s sacred to a lot of investors, particularly around the banks and property in that as well. So at the moment, offer a saying that bank dividends could be an issue for boards and there’s going to be some very tough decisions there. So let’s see if Australia follows suit after other countries set the rules and set a tone to say no more dividends if you’re going to be getting these bailouts. Now, superannuation funds are pleading for liquidity and support. So it’s this term liquidity that’s really frustrating me. It’s a bailout. If something was worth a certain price, there’d be another investor that was willing to buy. But because we’ve pumped everything up with all this funny money, as soon as something starts to go down, there’s people that want to redeem their investment funds or their super or whatnot. And there’s just there’s no buyers at any price. And now they’re saying, oh, please bail us out as well. So what ends and what means do we go to the central banks, go to the governments, go to hopefully people are getting educated around all this stuff because I just think it’s going to bring about a lot of political change and hopefully a new financial system as well. David Lindsay, we’re talking about triple A property only ever goes up. And we heard all those Australian terms, but now property investors want their version of the job caper. You know, if you bought 10 investment properties and you leveraged up what not, as soon as there’s no tenant, you can’t just cry poor. And these people that have got no assets and no job and they can’t afford the roof of the house. They’re the ones that need to be getting that first set of stimulus. So, yeah, these investors that have got all these properties that are crying poor, hopefully they can freeze their payments, you know. But we just can’t bail out everyone, particularly the wealthy that have all these assets. You know, investing is risky. Now, it’s funny that Australian BET company Betfair actually put out a combination of the two things that Aussies love, property and gambling. So you can actually bet on the housing market. And the reason I thought this was actually quite funny, because it’s it’s hard to short the Australian property market, even some of the investment products compared to in America and some, you know, the apps like a and that we don’t have good ways to short the housing market in Australia. So if you were to sell your property and there’s no buyers and there’s less auctions in that system in a liquid market using an app and actually betting could be a good way to hedge your investment from from going down. And it’s crazy to think that that’s kind of what it’s come to in Australia. And maybe that’s why Betfair have got into this market was they see a lot of demands. Now, another asset or commodity that’s really important to Australia, all our gold and silver and other resources. A hundred seventy six mines globally being shut down. So this is going to affect the streams of precious metals. We’ve spoken about the shortages in Australia and around the world really to get physical metal when these premiums. So I did a video last week, a week before about Hakan Arbitrages this opportunity. And this shows it really well. This is the price of a silver coin as well as the spot price of silver. And they only track pretty closely. But when the price of silver tanked and went down, the premiums actually went up. And you can see the percentage premium here just behind me. It jumped from, you know, 10 or 20 per cent. That’s normally how much extra you’d pay, jumped up to 80 per cent or still sitting between 50 per cent and 100 per cent now. So these 12 dollar silver price, you know, you’re actually paying $24 double. For a coin so you can exploit that using E Tauro buying the ETF gold, watch that tutorial if you want more information about it. And we’re still running that deal. It’s been very popular. We have extended it because so many of you have taken us up on this one hundred dollar free Bitcoin offer, because the reason we partnered with these guys is because you can short the Australian stock market very easily. You know, gold and silver bonds, investment bonds, junk bonds, all these products that you can trade very easily, which aren’t normally available to Australian investors and traders. Now, a bit of a positive here from the fall in oil price. Ninety nine cents per litre in Tazzy. That’s as lows as I’ve seen it since I was a kid. And plenty of you told me that it’s far lower in other states. So the lows we saw yesterday was 49 cents a litre. I think that was in Adelaide, but really amazing. So in Tazzy, the average price was still nearly a dollar. Sixty a litre wholesale cost 90 cents per litre. So, yeah, there’s big margins there. It was great that one little petrol station owner sacrificed his profit. He felt sorry for a man that’s lost jobs. Yeah, there are still good people out there. That’s a lot of these petrol places are ripping you off. Our fellows. You want to trade oil. U.S.O. is the ETF that you can trade on a Tauro for zero fees. All right. So Putin and Saudi Arabia, we’ve still got this tension that’s keeping the price of oil low. And Putin really plays everything like chess, you know, turning it between the Saudis and the US, trying to crush US shale. That whiteboard video, hopefully it’s coming out this week and then explain all that in great detail. And who would’ve thought of negative oil prices? So there’s lots of different types of oil or grades of oil, depending on how much refining it needs and blending and whatnot. And one type here. seÃor the price actually turn negative. They’ve got so much it’s going to cost them actually so much to store that they’d rather give it away or even pay people to take it off their hands. You know, if you had told someone negative oil prices would exist, they wouldn’t believe you. But that’s just the upside down world of investing we live in these days. This is the change in high yield credit spreads. So normally we’ve got these, you know, US Treasury bonds very safe, then corporate’s and then high yield risky bonds. And I did the video. I might link that down below about how this spreads really compressed and you weren’t getting paid much extra to take a heat, more risk. Well, that’s all blown out again now. And energy sector in particular, it’s jumped fifteen hundred basis points, so 15 per cent. So suddenly junk bonds that were maybe, you know, four or five per cent the yield on a junk bond. Now it’s 20 per cent. It’s so, so risky. And as $171 billion of those in a higher risk of default. So let’s have a look here. This article saying that could start to attract the big investors back in because those youths are so high, particularly when you compare it to an S&P or other stockmarket earnings and what not actually saw this article saying it could attract people back into the stock market because stock prices have now fallen so far that relatively that yield is now attractive. So, again, less people actually having to chase those junk bonds to get a good yield because stock prices have fallen so far. But the Fed, once again, they swoop in and say, well, we’ll just buy it. We’ll just buy these investment grade bonds were buying us treasury bonds. And sure enough, the investment grade bonds that all these companies issued, they said, well, if you’re going to buy all these, then we’ll issue them and you see this huge spike. So $270 billion of investment grade bonds were issued because they companies know the Fed is going to bail them out and give them free money. Don’t fight the Fed. And this was something that I mentioned. If you’ll get us short junk bonds or whatever, you have to be aware that this was the possibility. I think David mentioned this last week that it was likely we’d see the Fed come in and buy these. And sure enough, if you were shorting this, well, you know, the Fed basically wrecked you because your thesis was right, your research was right. But the Fed came in. There’s no such thing as a free market and they’re just buying things that should be going broke. So you should’ve made money if you were shorting, but maybe you got stopped out. We did see a short squeeze there. Now, the Fed of also had to step in because foreigners are dumping a record amount of US treasuries over $100 billion there. They’ve launched these repo facilities because they’re giving the Australian Central Bank US dollars. But so many investors are demanding US dollars around the world. All these different countries are just watching, you know, the Aussie dollar or whatever their local currency is. So they want US dollars and there’s not enough in the world. I did a long video about that on Friday night. If you want more information, but in dollar terms, Q1 of this year has seen a record amount of fallen angels, as they call it. So these investment grade bonds have been downgraded to high yields, around 150 billion dollars. So this is the sort of junk bond market that’s around a trillion dollars. And that’s where people are wondering, you know, is the Fed going to go there next and stop buying junk? Now, some of these companies that were issuing the junk were all these oil drillers. And this is what frustrates me, like we’re talking about before with the airlines getting the bailed out after they’ve had all those buybacks and huge bonuses. Five days before this shale or exploration company went bust, the exacts paid themselves 15 million dollars in bonuses and now they won’t be bailed out. So you guys, hopefully you are enjoying all this investing education if you do want to structure your own super and long term investments. We’ve got that partnership with New Brighton Capital. They’ve got a free consultation. Take advantage of that. Mike’s going to be on the show this week. We did try to record it last week, but the Australian Internet was a bit strange. We’re gonna be talking about how you can take out some money from your super. How that works, whether or not you should even do it. Is that a good idea? So, yeah, New Brighton Capital, a great friend of the channel and members. You guys get an even bigger discount as well. Now, let’s talk about the actual case numbers here. 1.2 million. The death ratio has increased, but we know that’s because we’ve got so many people that are just not being tested. Now, it’s kind of overwhelming the system. So, look, that’s not the actual fatality rate of the disease. Hopefully we’re going to have far more rapid or widespread testing in the coming weeks as we have those new formulation tests being rolled out. But either way, we have to admit that globally, you know, this is still growing cases and deaths on a logarithmic scale. So there’s no real reason to celebrate yet. You know, this can still run through countries, developing nations. And Sweden was another one where people were saying, oh, look, you know, they’re being really sensible. They haven’t gone into lockdown. And sure enough, I think that they’ve got more deaths than a lot of these other neighboring countries combined. So they’ve had to bite the bullet and go into lockdown now. India are actually trying to sue China for, you know, Corona virus, what it’s done to their economy and whatnot. This is a country that I’m really worried about where social distancing is basically impossible. So fingers crossed for those developing nations. A very harsh approach by the Philippines leader here ordering police to shoot, shoot dead, anyone that’s violating that, the lockdown orders there. So, again, human rights really being trampled with everything that’s going on. But these tensions between the US and China is where the trade walkin’ far up again. So half a million Chinese people entered America over those recent couple of months. And that’s probably how we had a really widespread throughout the community. COVA cases before they even started testing in America. Now, a lot of people were comparing these different stats and saying, you know, the flu kills this many people a year and what not. But it’s very clear now Cauvin, 19, is the third leading cause of death in the US now that we’re actually breaking it down into per day. Now, that’s up to 13:00 today. Time recording. If it keeps growing at 10 percent a day, it’s probably gonna be the leading cause of death by the end of next week. It’s just insane and people are still comparing it to other diseases in other countries around the world, hunger and things like that. But guys, this is a disease that needs a lot of care and attention. It strains the hospitals. It’s contagious. It’s spreading and 10 percent a day. You know, it’s not fair to make these other comparisons. It’s a bit of a stretch. This is something that we can prevent and get on top of. Within a few weeks, if we all come together and do it well, we don’t want to be the leading cause of deaths in every country if it’s preventable. So Donald Trump has definitely changed his tune. This week, he’s actually come out and said that he won’t be wearing a face mask, even though the CDC actually backflipped and said that they don’t wear masks. They can even make it worse. And now they’ve said, well, yeah, we recommend everyone wear masks. Funnily enough, in Australia, they’re still saying that don’t wear masks, they don’t work. So, look, some polls are saying that Donald Trump has really surged in terms of his leadership. I try and keep these videos politically neutral, but it was interesting that FDX have got the presidential election tokens ways for people to bet or trade on the outcomes of different presidents. It doesn’t look like he wants to load here, but Joe Biden has really jumped up in the polls and. Trump has fallen so at one stage. Trump was around 50, 65 percent, I think, and it struck down to about a 50/50 rating at the moment. Some of those videos coming out about Biden. He doesn’t talk well from what I’ve seen. So I’m not sure what FDX isn’t loading there, guys, but dumb head over there. Check out the presidential odds, if you like. Okay. So Matt, BARRIE here has come out with an interesting tweet about this personal protective equipment. And Australia has banned exporting of all this equipment back to China. But I don’t think we realize that China actually make all this. And they’re probably going to stop exporting to us if if they don’t like the games that we’re playing. The US has invoked that defense act as well, blocking the export of masks to Canada and Germany. So people have different stockpiles. A lot of manufacturers have now started making cotton mask, 3D printed masks. It’s great to see these other businesses that are really pivoting ventilators and that as well to really give the healthcare workers what they need in this time. A lot of research going on. Forty nine diagnostic tests, 30 different treatments in clinical trials are five vaccines. The world has really focused all the smartest minds on this problem. And I’m really hopeful that we’re going to have some solutions. And as you throw mice in combination with the hydroxy chloroquine and zinc as well, that looks pretty promising. So compared to where we were two weeks ago, I certainly think there’s reasons to be positive. But we’ve just got to flatten that worldwide, spread that curve next. So the US labour market is in freefall, 10 million Americans filed in two weeks. You guys know that our predicted unemployment would likely hit 10 per cent in the next two weeks. And it looks like we’re gonna be pretty on the ball with that number. We won’t get the Australian stats for a couple of weeks because they take their time compared to the US, but simply jaw jaw dropping numbers, 3 million last week blew everyone away and now 6.6 million. This week we’re seeing these lines. I mean, what do you say? There’s these people lining up in their cars for five hours at a time and then food banks was still running out. People live paycheck to paycheck. I think the studies, 70 per cent of Americans don’t have $400 for emergency. And now this is the emergency. People can’t eat. I hope that they do their best to get that money in the hands of the American people. We’re hearing horror stories like this might take, you know, weeks or months to get it through this system. So I hope they sort that out the same in Australia with the Centrelink lines. Great to see someone like Jeff Bezos donating $100 million to help feed Americans. I don’t know about you guys, but it frustrates me when people say, oh, he’s worth X billion dollars. This is only point one percent. One hundred million dollars is $100 million. If he didn’t give that, now that’s a huge amount of people that might not be getting fed and whatnot. So you just realize when people are wealthy, they have that wealth tied up in a lot of assets. They can’t just sell at all. And sometimes the numbers are twisted to speak. Tankful $100 million is doing a lot more than most people out there like US box office sales. This is a fantastic example of the reality for so many businesses. 204 million dollars of sales on the same week last year dropped to $5000. So basically every cinema is shut. Is this an industry that’s going to bounce back once more and more people, you know, get familiar with their Netflix and all the different options you have these days? The home cinema is I think going to movies is still an experience for, you know, a big box office smash movie. But there’s going to be a lot of changes that come about from what’s going on. Small businesses, again, a lot of these people are now learning that they are not eligible for these bailout loans in Australia. I know the measures that we’ve put in place. Some businesses don’t have enough money to pay the wages to the staff or a few weeks, even if they know the government is eventually going to pay them back in and backdate it. So we’re running into these issues in the real world. And that’s where I really hope that we can sort those out and and have these discussions, because it’s not a perfect system. And I know they’re scrambling to do everything they can in a short period of time. This is another one where tensions are flaring between the landlords. We’ve just seen a lot of businesses say refusing to pay rent, and that puts a strain on the landlord. A lot of those are investors. Some of these people have now gone to banks and the banks themselves, like Wells Fargo, is scaling back on their different refinancing. So at the end of the day, even though, you know, the Fed or the RBA in Australia sort of printed this money and made it available. To the banks to give out loans, the banks still don’t want to give out bad loans. So we’ve heard stories in Australia of mortgage customers go into the bank and trying to refinance or even apply for that six month freeze. The bank says, well, you’re going to have your job back at the end of the six months. And they say, well, you know, I don’t know. And they say, well, sorry, we’re not going to refinance or freezing line. We’re not confident you can pay this back at the end of this period of time. So some of those stats I’ve read were anywhere between 30 and 50 percent of loans being rejected. So I’m sure the government is going to have to do something to make it directly available, because that is going to bring down the housing market. The corporate property market as well. Those are the leases and whatnot. There’s a lot of chapters of this story to play out yet. I guess that’s the message that I want to get across. And a few days after the Fed came out and told us that all U.S. banks are strong, there’s going to be no failures. We’ve seen the first bank go under. So this was an FDIC insured bank. We know they don’t actually have enough money to insure all deposits on all banks. If we saw, you know, a wide collapse, but the Fed began to print money to oblivion, to infinity before they actually allow these banks to collapse. So I don’t think the banking system collapse is now the main worry. I think it’s the the inflation that’s going to come from printing so much money down the line. Goldman have warned of the significant adverse impacts on stocks. It was basically buybacks that that kept that stock market roaring and then a retail sort of blow off top towards the end here. And we’re seeing massive, massive numbers in terms of the corporate that won’t be there. So we’re talking, you know, billions or trillions of dollars of buybacks that aren’t going to be propping up stocks anymore. So the world’s largest hedge fund might have to sell their assets. Now, this is Norway. They’ve got a 25 billion dollar withdrawal that they need to make in order to pay some of their bills. So a trillion dollars neily of assets under management. These are the, you know, the Swain’s and what not. Some of these guys have been printing money out of thin air to buy stocks. But the difference here is that the U.S. can continue to do that without, you know, their dollar sort of plunging. They can print money and prop up stocks and assets, whereas someone like like Norway. Other countries around the world, they can’t necessarily just just keep printing money to prop up these other assets because their currency is far more likely to enter this death spiral around the world. And that’s where the U.S. dollar having this privilege is upsetting people and is leading to a new financial system. Again, I spoke about any more detail on the Friday night video. Warren Buffet, watch what they do, not what they say. So not that long ago, only a few weeks when Warren Buffet said he won’t be selling any airline stocks. And just this week, we saw the numbers in where Berkshire Hathaway, his fund, have sold out. A lot of us companies, including airlines there. So whether or not he says all that’s my fund or me personally, why put this mission message out in public and portray that you’re not going to be selling airlines if you turn around and sell airlines? Now, these are the forecasts that are coming out from some of the leading analysts in the banks, Morgan Stanley here. And this is what we kind of, I think, still expecting a lot of ways that people are going to see this V-shaped recovery, that it’s going to get bad. Grew GDP might go down 4 per cent, 5 per cent for a quarter. Then we can have a huge rebound because all this demand is going to be there. But I don’t see that as the case. I see maybe a U-shaped bottom, possibly an L or a slow grind higher. But these systemic issues that have come to the front, I think they need to be solved and people like it by the B.S. that was going on and all the funny money that led to the bubble and caused all these issues. All right. So we’re into the crypto news. We’ve had a number of companies slapped with this lawsuit. So this happened a little while ago now yesterday. And the market didn’t really react badly. So I don’t think that this is something to be worried about. You know, it’s the usual stuff. A lot of these allegations are thrown around and it just takes so long. They’re going to be delayed, pushed back. How do you get all these companies in the one room from Kilcoyne to Tron to iOS and BLOCK, one of Verde had one settlement there. So, look, I don’t think this is anything to be too worried about at the moment. But yeah, there’s always investors trying to sue exchanges and projects and whatnot. These days, it’s part of the crypto community. Some positive news. Once again, power ledger. They continue to power forward, pardon the pun. But every week throughout crypto winter, they’ve had good news. And this is the world. First, so choose your own energy source in France so you can actually choose your allocation. Whether or not you want to get your power from solar or wind, they might have a different price. But, you know, you might be happy to pay another cent or two per kilowatt hour if you know that it’s coming from wind instead of coal or a different energy source, for example, or supporting a local wind farm and local jobs. Either way, I just think that the decentralization of the energy grid and being able to do this kind of stuff through software. It’s a really bullish investment theme with everything that’s going on in the world at the moment. Another local company, Horizon State, have put out their update. The takeover by a team, Goggin and the guys sees the new CEO of Horizons to the state talking about what’s going on there. Their aims, how he first got involved and the benefits of the platform. Had had bit of a re-jigger on the website just to give customers an idea about the services that they’re going to be offering and what not. And still, the hope is to use the blockchain or honor token holders in some way. I know they sort of haven’t forgotten about the community and those that really supported them in the early days. They’re synthetics. Another one of my favorite Aussie projects. These guys have added some more equity indices. So the idea here eventually and the reason that I fell in love with this company is that you’re going to be able to trade indexes. At the moment, they’ve got the footsie and the Nicci eventually. Hopefully it will be the Australian stock market. The US markets, they’ve also looking to add oil, I believe, very soon. So they work with chainlink to get price feeds. Then they create these synthetic assets and it’s almost like a decentralized broker or trading platform. So at the moment there’s not a lot of liquidity there and it’s still a little bit, you know, hard for the beginning user. You need to understand mega-mosque and all that is going to get easier as we go forward. And it’s very exciting to see this is a sort of stuff that’s going to underpin the crypto markets and the world of DFI is exploding. We do have a bitcoin grant. So if you guys don’t know how these worked. Basically, if you donate a dollar to our grant, it’ll be matched by the smart contract anywhere up to $100 in some instances. So you send us a dollar if you’ve got to get going to account or anyone can donate and you you might end up sending over 100 dollars our way. So at the moment, I think we’ve raised a couple of hundred dollars thanks to. They donated our largest donation so far. But this is going to go towards me being able to pay someone to do more research for you guys for our free public. A theorem, a monthly update episode. Now one of the busiest daps who has been working hard in the off fear and community. This was some research from sentiment. All our favorites on the list here, projects that I really love. Aragón is one that Tim Draper invested a million dollars in recently. I’ll give you a bit of a tip. As members know, this is one that I added to my portfolio a couple of months ago and has performed extremely well. A MRGO. They’ve had a bit of a comeback recently, which is great to see. Sentiment also put out a research piece for paid members only. Now, obviously I subscribe to a range of pay research and I can’t share it all for free. That wouldn’t be fair, but a Macie go was top of the list on the projects that they are most bullish on from all their fundamental research. So if you want that, we do have some links and some discounts for everyone, for the public. And again, members, you guys get bigger discounts with all our affiliates Coinbase who invested a million dollars in pull together the De-centralized Lottery. I’ve done a tutorial on that. It’s very cool. There’s no losers because of the way the DFI works and Eudy swap as well. So Coinbase are definitely going to be looking to integrate more and more of these projects. And their app is going to have ways for people to earn rewards without even knowing that they’re using crypto theorem. The dice table coin, for example, and that is where the next wave of people come into the crypto world. Shapeshift have enabled customers to buy with crypto debit cards as well. Sorry, by crypto with your debit card, it’s never been easy to buy crypto. And I’ll talk about in a second how my thesis on how the next bull market is going to play out. Australian crypto exchange coin spot of one this ISO security accreditation. So this is basically one of the top standards in the world for securing digital systems in crypto. Basically saying that, yes, their cold storage methods, how they do everything, setting it up and off line, their crypto is is very safe. So awesome to say. Obviously, if you know how to set up your own hardware device, that is safer, but we’re getting more and more of these, I guess, practices and standards in place. So hacks are going to be less likely in future and coin spot. You guys know that we do work with them. We like them. They recently put out those D5 bandos, a great Aussie exchange. Right. REPL have engineered a way for private transactions to take place on X up a ledger. Again, I’m not sure how that’s going to work. REPL to me is someone that wants to really comply with all financial regulations and at the moment regulators aren’t real crash hot on privacy. So hopefully we get more details about that. Sam and I will talk about that when we next get together. It’s cool to see privacy basically coming to all the top three assets now. Bitcoin, a cerium ex-hubby, also a nuther Costa custody firm, Anchorage Trust Company. These guys are one of the original members of Libra as well. Adding LSP to their list of cust. The assets for their institutional clients and finance have been moving and shaking. And it’s these sort of downtimes in the market where we see a lot of acquisitions happen, 400 million dollars for quite a market cap. Look, I think that’s a lot of money. I think quite market cap is slightly less reville relevant than it was back in 2017 when retail investors were checking coie market cap one hundred times a day. But I think finance knows that it gets a lot of eyeballs and actually more traffic than the Bonanni Web site. So hopefully they do the right thing and they don’t end up fudging numbers. And what not depends on how much you trust Bonanni. I guess they have partnered up with FDX who have a volume monitor that calls out all the B.S.. So yeah, hopefully they’re going to work together and we get some more accurate numbers from quite market cap. A lot of people have asked about alternatives. KOIN GEKO is probably the leading alternative to Koine Market Cap. There’s heaps of them out there these days that actually have more digital assets as well. So KOIN Gecko if you’re interested, or Missouri is the other one I like the bitcoin cash halving is actually in three days. In eight hours now. So what’s that? It’s going to be about 1 a.m. Australian time in a couple of days on late Wednesday night. I think this is going to be a bit of a preview. We will see some fireworks. Whales love to splash around in these other markets. We saw what happened with Litecoin. I’ve done a lot of write ups for members around Bitcoin cash. I did that free video for all you guys about how I see their bitcoin cash hardfor actually affecting the bitcoin hard fork. I believe that bitcoin s.u.v. Hard Fork is the day after this as well. The other thing that a bornand are getting into is by the looks of it now is mining. So mining is going to become less profitable after the halving. I think we’re kind of seeing this real corporatisation of the mining world where those firms with a lot of money, you know, becoming the winners and we’re sifting out those that are unprofitable. So has rights been dropping a bit? I still think the network’s strong. And as soon as we get into a bull market, I think we gonna see far higher prices. And all those miners that have dropped off are going to be profitable and they’re probably going to jump back in. But bonnets have just got a finger in every pie at the moment. All right. So some more research sentiment. They’ve had they have shown us that active addresses continue to climb on Bitcoin and theorem. Despite all this bad news, we are definitely heading in the right direction. It’s very different to that crypto winter in terms than numbers. We’re seeing bitcoin exchanges reporting record amounts of new users this month. So this is only from a few days ago and crack in reporting these huge increases in doubling for some exchanges. So I know a lot of people are at home and Googling what’s going on in the financial world. And some investors are taking Bitcoin far more seriously than they used to because of what’s going on with all the trillions being printed. Our brave browser, a million new users this month alone. If you haven’t got brave, download it. It blocks all the ads. It’s absolutely brilliant. And you can import or you’re bookmarks from Google Chrome. Vitaly has come out and said that he expects a lot of enterprise applications to move to the thearea main net because it’s a great way to disrupt how some of these other trading platforms work. And I completely agree with him. So this is an article by Banquo’s just saying that theorems going to a Wall Street, that whole settlement layer, that’s just software, but software that has a company behind it and exacts and all these people want to make a clip in a fee and it takes time. All these. Be replaced by cerium and it’s already happening. This is a cool little project called Balance. This is a non-custodial portfolio manager, so they can help you balance and create a portfolio on the ethereal minor. Using things like, you know, Yuni Swap and market makers and whatnot. So it’s already here. The technology is just a matter of now. How long does it take to eat? Wall Street’s lunch and capture market share? I am J. We’re very touched on them recently being one of the projects that’s in the top 10 for development on a theorem. But this is a cool little article about everything I’ve learnt from version 1 of on the test net. So Ruxton is one of the theorem test nets where you can play around on and they’ve partnered up with a company. Where was the name of it here? Let’s go back to their blog, Hojo Labs. So they’ve chosen O-M-G for their high throughput transactions. I definitely think that RJ fell out of favor and soda plasma as a scaling solution. But some project hydro crypto currency system. Head over to the MASC Go blog and I have rebooked that interview with the MASC Go team to have them on the channel for good chat very soon. CRM 2.0, the new chain phase. Your multi-client test net likely to go live this month. So it’s all coming together. Metallics been doing some big picture roadmap stuff as well as the move to prove state that’s going to be happening soon. And the older theorem chain that we’re on now is going to continue to be updated. What’s the Theorem 2.0 video I did if for more information on that? We’ve seen this theorem, Enterprise Alliance launched that that test ground for all these different blockchains being interoperable, particularly for the corporate world. And that’s the whole point of the theorem Enterprise Alliance. And we’ve seen so many businesses come there and really trust the ethereal name, its track record and the projects in the technology building on them. Ernst and Young even open sourcing some of their privacy technology, fourth area. So into the final parts of the bitcoin use here we’ve got reveler, which is a huge company only learned about recently, where you can sit in any different fiat currency around the world and move money and it’s very, very low fee if not free. So they’ve rolled out crypto and gold holdings. So much competition. So I talk about the pay powers and the stripes and a lot of competition with all the stable coins to something like LSP. But now we’re seeing these other companies going the other way and getting into crypto and letting their customers pay a bill from the U.S. to Australia by moving bitcoin first and then paying in the currency. Or I just love what is happening, that the banks are getting a massive, massive shake up. And it’s about time the ex royal meat team are providing security for Civic crypto wallets. Once again, FDIC insured. So there’s no excuse anymore for people to say, I don’t know how to set up an account or, you know, I just don’t want to manage it myself. Big, big investors have these trusted, familiar ways and even mobile wallets now that they can get insurance on. So it’s just awesome to watch this happen. And someone like Emily Diosa. Emily, if you’re watching, if you’re friends with Emily, tell her I say gidday. She is the the head of the Australian Taxpayers Alliance. And she came out and said, look, I bought my first bitcoin today. So it’s these professionals from a completely different world who are waking up to bitcoin today. So I just love it. Six thousand likes and plenty read tweets. She couldn’t have imagined the Bitcoin community getting around her. This is the good side of the Bitcoin community. You know, I hate the toxic stuff, the maximalism. The more people we can welcomed with open arms and respect others opinions. The faster this is going to happen. More people are going to come into this space and that is going to push bitcoin off and get rid of those those banks that are fleecing everyone. Finally, if you haven’t listened to this podcast, it was one of pump’s. So it’s on YouTube and he’s off the chain podcast. This is with Shamas Polly Happy TR. So he’s a billionaire. He is the CEO of a venture capital firm, Social Capital. He’s done extremely well. He’s an early adopter, but he’s just so bullish on Bitcoin. He wants the other he said he’s been buying more lately, but everything that Bitcoin was designed for, he’s happening trillions of dollars. You can’t make this stuff up. Negative views. Banks failing. We saw more withdrawal limits in places like Egypt this week. It is just the perfect, perfect recipe for Bitcoin to go up now in the short term. I know it’s been painful. This is what I’m watching now. Last week we did have another falling wedge playing out. Sure enough, once that did break down, we got a decent trade there, but it got bought up. And I think that shows that there’s a natural buying pressure that’s picking up. My theory was that we got down this low because the cascade and the liquidations of BMX, I don’t think that this was fair value and it didn’t even get down this low on some other exchanges. So you are very lucky to pick Bitcoin up under $4000. That the thing that was different from this rising wedge to what we’re watching now is, you know, during the top, we didn’t really see much buying activity from the bulls. Now, that’s kind of changed a bit lately. And I think we do have a. Better chance of breaking up rather than down. See, as we get towards the top of the wedge here, we’ve actually got bullish volume increasing. So I still think it’s it’s a bit of a 50/50 at the moment. Only experienced traders should be trading this. You know, it wouldn’t surprise me to see another fight break down and then whipsaw higher. We’ve had some big whipsaw is up. And we know that this is the the weekly resistance that I’ve got marked on here, the three lines. So we do have that resistance overhead once we get through there. If we can come back and retest it, I just think that that sets up a very, very strong launch ramp, as the Harvey is now only, you know, thirty five, thirty six days away, something like that. So how painful has it been, guys, since we got this teaser, this huge rip up to forty thousand dollars and we’ve gone all the way back down to three, but really in the grand scheme of things, let’s just finish off by looking at a bail X on that really long term time frame. Let’s go on that long shot there. Nothing much has changed. I know it looks and feels like this is really horrible, but, you know, in a few years time when hopefully we are somewhere right up here. No one’s going to remember this week and this cycle is going to look very, very similar to previous cycles in terms of our altcoins. Let’s just finish off on eigth here. This has all been really healthy. Still big picture stuff. Eith tends to be a good barometer for altcoins if we’d go from the bottom here to the top. We’ve had a perfect retracement into that sixty one point eight Fibonacci there. So this is what I want to hold. Nice weeks and buy here if we can hold that. I think that gives us a great chance for altcoins to really be strong performance here. But lately it’s been all about bitcoin. All eyes, the new money. That’s where it’s going to go. There’s a lot of interest in DFI as well. But I think we need bitcoin to make a really positive, decisive move and then we can let these other projects play out. So, guys, there’s plenty happening there. Don’t forget to get your friends over to our free education. If you want more, we’ve got our premium community. It’s absolutely awesome to see that you guys are respecting each other. The conversations in there, it’s been fantastic. So I hope you’ve enjoyed that video as always, guys. Place it there like bundes. Subscribe to an already. Share these around and I’ll talk to you again soon. Geez.

source https://www.cryptosharks.net/bitcoin-finance-global-news-april-2020/ source https://cryptosharks1.blogspot.com/2020/04/bitcoin-cryptocurrency-finance-global.html

[heatherrdavis1]

Bitcoin Cryptocurrency Finance & Global News April 5th 2020

VIDEO TRANSCRIPT

Hi, guys. Thanks, Virginia. Another set of Nuggets news. Well, another huge Newsweek we’ve got so much of that macro news to get through as well as all the crypto headlines. We do welcome a couple of thousand new subscribers again this week. It’s great to see the channel growing. And I know plenty of you introducing your friends and family into this world and learning for the first time. So just reminder, we’ve got a range of free resources. I know we often use all these different terms. So we’ve got a glossary as well as in-depth guides on everything over on our Web site. And we’re building out that resources hub every day. We’ve also got our premium community. We get all our extra research in my daily write-ups and you get to be part of our discussions that we have every day around everything from what’s going on in the world finance and swallows everything in the crypto community. So that’s available as well. Here’s a sample of our premium research. These are the five projects that we covered in depth this month and you get all these reports emailed to you as well as daily emails to keep up to date as well. All right. So let’s get into the local news. And I want to, I guess, start off by saying that this is a huge positive, that the curve has flattened to some degree in Australia. But it’s really important that we don’t celebrate too early. And what I really want to highlight to people today is the curve of these unknown local infections is still growing exponentially. So we might have had that first wave of all the people returning from overseas. And now, because we didn’t go into a really strict lockdown for weeks, we had a lot of, you know, hairdressers, schools, this, that and the others to open it was allowed to spread through the community. And this is what is really troubling. This is just New South Wales and this is growing at 10 per cent a day. So that is what we need to get on top of. If that starts to flatten out, then we can certainly start to be more positive about the future. So more than 400 cases have been confirmed just from the Ruby Princess cruise ship alone. This week we had the leaked emails coming out that the New South Wales health authorities, they knew that those 100 passengers on board that were symptomatic, but they decided to let everyone off anyway. So I’m sure some heads are going to roll there, but hopefully this doesn’t get worse, because if it all comes back to what happened here and the failures of the authorities. That is a really, really bad look. Now, other countries like Singapore have got it under control, but even they are experiencing a bit of a second wave. China have had some outbreaks. You know, we don’t really believe the numbers coming out there. But other countries that people were saying, oh, look at what they’ve done. Even they are having to go back into more stricter measures. So it’s not like once that curve flattens, you just past the worst of it. Really important to understand. Now, I certainly do agree with people that are saying that some of the measures that have gone and been put in place are often, you know, quietly have gone too far. So we’ve got everything from police drones now monitoring people, big fines and arrests. I do think everyone does need to adhere to these social distancing and the quarantines for the time being. If they get too extreme when everything is going really well, then, yes, we’ll start to ask questions. And even the Australian police have said that they will repeal some of these new laws and rules and what not. So that’s a positive sign. But do we really need to be doing this? Cell phone tracking this week, Google and Facebook started handing over all our tracking data to authorities. And this really is becoming that surveillance state spy cameras and public doxing and whatnot. So, Alex gladstein, humans rights activists, we are going to have him on the channel soon. But this is the questions. And I understand why people have got all these different theories, because what is going on and how sudden it’s all happened is actually pretty scary. So now it becomes about supporting people financially if we’re telling them that they’re not allowed to go to work and what not. And I was critical that Australia weren’t doing enough soon enough. And this week we got to, you know, a lot more stimulus. So this is far bigger than anything back in the GFC. This is equivalent to 10 per cent of our GDP, our economy. But now we need to make sure that it gets into the hands in the pockets of those that need it most. And this is where we start to have these arguments about, well, is this like QE in America that it just went to the banks versus how much is actually getting to people. So we’re very quick to bail out these airlines. You know, $5.6 billion. Our Australian taxpayers going to be happy with this or should they get a share? You know, if we’re gonna bail out these companies, why shouldn’t we get, you know, equity in these companies so that when they get back up and running and profiting, we are the ones that benefit. It’s not just back to the old big corporate exact bonuses and, you know, huge dividends and whatnot. You’ve already privatized all those profits and. And once again, socializing those losses. Now, not everyone is fitting the criteria. So really unfortunate where we have a lot of what you would consider Ozzies people from overseas that have lived here for a while. And the Prime Minister’s told visitors and what not to sort of make your way home. Now, some people that move here, they need to say that they’ve got enough to support themselves in case these things happened. But I know we’re hearing a lot of stories of people that don’t qualify for some of these support bonuses that are pretty much Ozzies, by every way. We do look at it. So let me know those stories down below when you think about all this as well. Now, the banks have said they’re going to give a one time mortgage payment break to some of the mortgage holders. If you actually dig down a bit deeper, I think this was the equivalent of something like 40 or $50. Because if you delay these loans and these breaks you want not they all still accrue interest. So this is the headline that banks put out because they want to get all the good publicity. But you know, it really in the grand scheme of things, they’re not really doing you any favors at all. It’s always going to be a profit for them. Now, overseas, we’ve seen some of the banks be forced and told to cut their dividends and to cut bonuses and even salaries and whatnot. So you don’t touch the dividends in Australia. You know, that’s you know, that’s sacred to a lot of investors, particularly around the banks and property in that as well. So at the moment, offer a saying that bank dividends could be an issue for boards and there’s going to be some very tough decisions there. So let’s see if Australia follows suit after other countries set the rules and set a tone to say no more dividends if you’re going to be getting these bailouts. Now, superannuation funds are pleading for liquidity and support. So it’s this term liquidity that’s really frustrating me. It’s a bailout. If something was worth a certain price, there’d be another investor that was willing to buy. But because we’ve pumped everything up with all this funny money, as soon as something starts to go down, there’s people that want to redeem their investment funds or their super or whatnot. And there’s just there’s no buyers at any price. And now they’re saying, oh, please bail us out as well. So what ends and what means do we go to the central banks, go to the governments, go to hopefully people are getting educated around all this stuff because I just think it’s going to bring about a lot of political change and hopefully a new financial system as well. David Lindsay, we’re talking about triple A property only ever goes up. And we heard all those Australian terms, but now property investors want their version of the job caper. You know, if you bought 10 investment properties and you leveraged up what not, as soon as there’s no tenant, you can’t just cry poor. And these people that have got no assets and no job and they can’t afford the roof of the house. They’re the ones that need to be getting that first set of stimulus. So, yeah, these investors that have got all these properties that are crying poor, hopefully they can freeze their payments, you know. But we just can’t bail out everyone, particularly the wealthy that have all these assets. You know, investing is risky. Now, it’s funny that Australian BET company Betfair actually put out a combination of the two things that Aussies love, property and gambling. So you can actually bet on the housing market. And the reason I thought this was actually quite funny, because it’s it’s hard to short the Australian property market, even some of the investment products compared to in America and some, you know, the apps like a and that we don’t have good ways to short the housing market in Australia. So if you were to sell your property and there’s no buyers and there’s less auctions in that system in a liquid market using an app and actually betting could be a good way to hedge your investment from from going down. And it’s crazy to think that that’s kind of what it’s come to in Australia. And maybe that’s why Betfair have got into this market was they see a lot of demands. Now, another asset or commodity that’s really important to Australia, all our gold and silver and other resources. A hundred seventy six mines globally being shut down. So this is going to affect the streams of precious metals. We’ve spoken about the shortages in Australia and around the world really to get physical metal when these premiums. So I did a video last week, a week before about Hakan Arbitrages this opportunity. And this shows it really well. This is the price of a silver coin as well as the spot price of silver. And they only track pretty closely. But when the price of silver tanked and went down, the premiums actually went up. And you can see the percentage premium here just behind me. It jumped from, you know, 10 or 20 per cent. That’s normally how much extra you’d pay, jumped up to 80 per cent or still sitting between 50 per cent and 100 per cent now. So these 12 dollar silver price, you know, you’re actually paying $24 double. For a coin so you can exploit that using E Tauro buying the ETF gold, watch that tutorial if you want more information about it. And we’re still running that deal. It’s been very popular. We have extended it because so many of you have taken us up on this one hundred dollar free Bitcoin offer, because the reason we partnered with these guys is because you can short the Australian stock market very easily. You know, gold and silver bonds, investment bonds, junk bonds, all these products that you can trade very easily, which aren’t normally available to Australian investors and traders. Now, a bit of a positive here from the fall in oil price. Ninety nine cents per litre in Tazzy. That’s as lows as I’ve seen it since I was a kid. And plenty of you told me that it’s far lower in other states. So the lows we saw yesterday was 49 cents a litre. I think that was in Adelaide, but really amazing. So in Tazzy, the average price was still nearly a dollar. Sixty a litre wholesale cost 90 cents per litre. So, yeah, there’s big margins there. It was great that one little petrol station owner sacrificed his profit. He felt sorry for a man that’s lost jobs. Yeah, there are still good people out there. That’s a lot of these petrol places are ripping you off. Our fellows. You want to trade oil. U.S.O. is the ETF that you can trade on a Tauro for zero fees. All right. So Putin and Saudi Arabia, we’ve still got this tension that’s keeping the price of oil low. And Putin really plays everything like chess, you know, turning it between the Saudis and the US, trying to crush US shale. That whiteboard video, hopefully it’s coming out this week and then explain all that in great detail. And who would’ve thought of negative oil prices? So there’s lots of different types of oil or grades of oil, depending on how much refining it needs and blending and whatnot. And one type here. seÃor the price actually turn negative. They’ve got so much it’s going to cost them actually so much to store that they’d rather give it away or even pay people to take it off their hands. You know, if you had told someone negative oil prices would exist, they wouldn’t believe you. But that’s just the upside down world of investing we live in these days. This is the change in high yield credit spreads. So normally we’ve got these, you know, US Treasury bonds very safe, then corporate’s and then high yield risky bonds. And I did the video. I might link that down below about how this spreads really compressed and you weren’t getting paid much extra to take a heat, more risk. Well, that’s all blown out again now. And energy sector in particular, it’s jumped fifteen hundred basis points, so 15 per cent. So suddenly junk bonds that were maybe, you know, four or five per cent the yield on a junk bond. Now it’s 20 per cent. It’s so, so risky. And as $171 billion of those in a higher risk of default. So let’s have a look here. This article saying that could start to attract the big investors back in because those youths are so high, particularly when you compare it to an S&P or other stockmarket earnings and what not actually saw this article saying it could attract people back into the stock market because stock prices have now fallen so far that relatively that yield is now attractive. So, again, less people actually having to chase those junk bonds to get a good yield because stock prices have fallen so far. But the Fed, once again, they swoop in and say, well, we’ll just buy it. We’ll just buy these investment grade bonds were buying us treasury bonds. And sure enough, the investment grade bonds that all these companies issued, they said, well, if you’re going to buy all these, then we’ll issue them and you see this huge spike. So $270 billion of investment grade bonds were issued because they companies know the Fed is going to bail them out and give them free money. Don’t fight the Fed. And this was something that I mentioned. If you’ll get us short junk bonds or whatever, you have to be aware that this was the possibility. I think David mentioned this last week that it was likely we’d see the Fed come in and buy these. And sure enough, if you were shorting this, well, you know, the Fed basically wrecked you because your thesis was right, your research was right. But the Fed came in. There’s no such thing as a free market and they’re just buying things that should be going broke. So you should’ve made money if you were shorting, but maybe you got stopped out. We did see a short squeeze there. Now, the Fed of also had to step in because foreigners are dumping a record amount of US treasuries over $100 billion there. They’ve launched these repo facilities because they’re giving the Australian Central Bank US dollars. But so many investors are demanding US dollars around the world. All these different countries are just watching, you know, the Aussie dollar or whatever their local currency is. So they want US dollars and there’s not enough in the world. I did a long video about that on Friday night. If you want more information, but in dollar terms, Q1 of this year has seen a record amount of fallen angels, as they call it. So these investment grade bonds have been downgraded to high yields, around 150 billion dollars. So this is the sort of junk bond market that’s around a trillion dollars. And that’s where people are wondering, you know, is the Fed going to go there next and stop buying junk? Now, some of these companies that were issuing the junk were all these oil drillers. And this is what frustrates me, like we’re talking about before with the airlines getting the bailed out after they’ve had all those buybacks and huge bonuses. Five days before this shale or exploration company went bust, the exacts paid themselves 15 million dollars in bonuses and now they won’t be bailed out. So you guys, hopefully you are enjoying all this investing education if you do want to structure your own super and long term investments. We’ve got that partnership with New Brighton Capital. They’ve got a free consultation. Take advantage of that. Mike’s going to be on the show this week. We did try to record it last week, but the Australian Internet was a bit strange. We’re gonna be talking about how you can take out some money from your super. How that works, whether or not you should even do it. Is that a good idea? So, yeah, New Brighton Capital, a great friend of the channel and members. You guys get an even bigger discount as well. Now, let’s talk about the actual case numbers here. 1.2 million. The death ratio has increased, but we know that’s because we’ve got so many people that are just not being tested. Now, it’s kind of overwhelming the system. So, look, that’s not the actual fatality rate of the disease. Hopefully we’re going to have far more rapid or widespread testing in the coming weeks as we have those new formulation tests being rolled out. But either way, we have to admit that globally, you know, this is still growing cases and deaths on a logarithmic scale. So there’s no real reason to celebrate yet. You know, this can still run through countries, developing nations. And Sweden was another one where people were saying, oh, look, you know, they’re being really sensible. They haven’t gone into lockdown. And sure enough, I think that they’ve got more deaths than a lot of these other neighboring countries combined. So they’ve had to bite the bullet and go into lockdown now. India are actually trying to sue China for, you know, Corona virus, what it’s done to their economy and whatnot. This is a country that I’m really worried about where social distancing is basically impossible. So fingers crossed for those developing nations. A very harsh approach by the Philippines leader here ordering police to shoot, shoot dead, anyone that’s violating that, the lockdown orders there. So, again, human rights really being trampled with everything that’s going on. But these tensions between the US and China is where the trade walkin’ far up again. So half a million Chinese people entered America over those recent couple of months. And that’s probably how we had a really widespread throughout the community. COVA cases before they even started testing in America. Now, a lot of people were comparing these different stats and saying, you know, the flu kills this many people a year and what not. But it’s very clear now Cauvin, 19, is the third leading cause of death in the US now that we’re actually breaking it down into per day. Now, that’s up to 13:00 today. Time recording. If it keeps growing at 10 percent a day, it’s probably gonna be the leading cause of death by the end of next week. It’s just insane and people are still comparing it to other diseases in other countries around the world, hunger and things like that. But guys, this is a disease that needs a lot of care and attention. It strains the hospitals. It’s contagious. It’s spreading and 10 percent a day. You know, it’s not fair to make these other comparisons. It’s a bit of a stretch. This is something that we can prevent and get on top of. Within a few weeks, if we all come together and do it well, we don’t want to be the leading cause of deaths in every country if it’s preventable. So Donald Trump has definitely changed his tune. This week, he’s actually come out and said that he won’t be wearing a face mask, even though the CDC actually backflipped and said that they don’t wear masks. They can even make it worse. And now they’ve said, well, yeah, we recommend everyone wear masks. Funnily enough, in Australia, they’re still saying that don’t wear masks, they don’t work. So, look, some polls are saying that Donald Trump has really surged in terms of his leadership. I try and keep these videos politically neutral, but it was interesting that FDX have got the presidential election tokens ways for people to bet or trade on the outcomes of different presidents. It doesn’t look like he wants to load here, but Joe Biden has really jumped up in the polls and. Trump has fallen so at one stage. Trump was around 50, 65 percent, I think, and it struck down to about a 50/50 rating at the moment. Some of those videos coming out about Biden. He doesn’t talk well from what I’ve seen. So I’m not sure what FDX isn’t loading there, guys, but dumb head over there. Check out the presidential odds, if you like. Okay. So Matt, BARRIE here has come out with an interesting tweet about this personal protective equipment. And Australia has banned exporting of all this equipment back to China. But I don’t think we realize that China actually make all this. And they’re probably going to stop exporting to us if if they don’t like the games that we’re playing. The US has invoked that defense act as well, blocking the export of masks to Canada and Germany. So people have different stockpiles. A lot of manufacturers have now started making cotton mask, 3D printed masks. It’s great to see these other businesses that are really pivoting ventilators and that as well to really give the healthcare workers what they need in this time. A lot of research going on. Forty nine diagnostic tests, 30 different treatments in clinical trials are five vaccines. The world has really focused all the smartest minds on this problem. And I’m really hopeful that we’re going to have some solutions. And as you throw mice in combination with the hydroxy chloroquine and zinc as well, that looks pretty promising. So compared to where we were two weeks ago, I certainly think there’s reasons to be positive. But we’ve just got to flatten that worldwide, spread that curve next. So the US labour market is in freefall, 10 million Americans filed in two weeks. You guys know that our predicted unemployment would likely hit 10 per cent in the next two weeks. And it looks like we’re gonna be pretty on the ball with that number. We won’t get the Australian stats for a couple of weeks because they take their time compared to the US, but simply jaw jaw dropping numbers, 3 million last week blew everyone away and now 6.6 million. This week we’re seeing these lines. I mean, what do you say? There’s these people lining up in their cars for five hours at a time and then food banks was still running out. People live paycheck to paycheck. I think the studies, 70 per cent of Americans don’t have $400 for emergency. And now this is the emergency. People can’t eat. I hope that they do their best to get that money in the hands of the American people. We’re hearing horror stories like this might take, you know, weeks or months to get it through this system. So I hope they sort that out the same in Australia with the Centrelink lines. Great to see someone like Jeff Bezos donating $100 million to help feed Americans. I don’t know about you guys, but it frustrates me when people say, oh, he’s worth X billion dollars. This is only point one percent. One hundred million dollars is $100 million. If he didn’t give that, now that’s a huge amount of people that might not be getting fed and whatnot. So you just realize when people are wealthy, they have that wealth tied up in a lot of assets. They can’t just sell at all. And sometimes the numbers are twisted to speak. Tankful $100 million is doing a lot more than most people out there like US box office sales. This is a fantastic example of the reality for so many businesses. 204 million dollars of sales on the same week last year dropped to $5000. So basically every cinema is shut. Is this an industry that’s going to bounce back once more and more people, you know, get familiar with their Netflix and all the different options you have these days? The home cinema is I think going to movies is still an experience for, you know, a big box office smash movie. But there’s going to be a lot of changes that come about from what’s going on. Small businesses, again, a lot of these people are now learning that they are not eligible for these bailout loans in Australia. I know the measures that we’ve put in place. Some businesses don’t have enough money to pay the wages to the staff or a few weeks, even if they know the government is eventually going to pay them back in and backdate it. So we’re running into these issues in the real world. And that’s where I really hope that we can sort those out and and have these discussions, because it’s not a perfect system. And I know they’re scrambling to do everything they can in a short period of time. This is another one where tensions are flaring between the landlords. We’ve just seen a lot of businesses say refusing to pay rent, and that puts a strain on the landlord. A lot of those are investors. Some of these people have now gone to banks and the banks themselves, like Wells Fargo, is scaling back on their different refinancing. So at the end of the day, even though, you know, the Fed or the RBA in Australia sort of printed this money and made it available. To the banks to give out loans, the banks still don’t want to give out bad loans. So we’ve heard stories in Australia of mortgage customers go into the bank and trying to refinance or even apply for that six month freeze. The bank says, well, you’re going to have your job back at the end of the six months. And they say, well, you know, I don’t know. And they say, well, sorry, we’re not going to refinance or freezing line. We’re not confident you can pay this back at the end of this period of time. So some of those stats I’ve read were anywhere between 30 and 50 percent of loans being rejected. So I’m sure the government is going to have to do something to make it directly available, because that is going to bring down the housing market. The corporate property market as well. Those are the leases and whatnot. There’s a lot of chapters of this story to play out yet. I guess that’s the message that I want to get across. And a few days after the Fed came out and told us that all U.S. banks are strong, there’s going to be no failures. We’ve seen the first bank go under. So this was an FDIC insured bank. We know they don’t actually have enough money to insure all deposits on all banks. If we saw, you know, a wide collapse, but the Fed began to print money to oblivion, to infinity before they actually allow these banks to collapse. So I don’t think the banking system collapse is now the main worry. I think it’s the the inflation that’s going to come from printing so much money down the line. Goldman have warned of the significant adverse impacts on stocks. It was basically buybacks that that kept that stock market roaring and then a retail sort of blow off top towards the end here. And we’re seeing massive, massive numbers in terms of the corporate that won’t be there. So we’re talking, you know, billions or trillions of dollars of buybacks that aren’t going to be propping up stocks anymore. So the world’s largest hedge fund might have to sell their assets. Now, this is Norway. They’ve got a 25 billion dollar withdrawal that they need to make in order to pay some of their bills. So a trillion dollars neily of assets under management. These are the, you know, the Swain’s and what not. Some of these guys have been printing money out of thin air to buy stocks. But the difference here is that the U.S. can continue to do that without, you know, their dollar sort of plunging. They can print money and prop up stocks and assets, whereas someone like like Norway. Other countries around the world, they can’t necessarily just just keep printing money to prop up these other assets because their currency is far more likely to enter this death spiral around the world. And that’s where the U.S. dollar having this privilege is upsetting people and is leading to a new financial system. Again, I spoke about any more detail on the Friday night video. Warren Buffet, watch what they do, not what they say. So not that long ago, only a few weeks when Warren Buffet said he won’t be selling any airline stocks. And just this week, we saw the numbers in where Berkshire Hathaway, his fund, have sold out. A lot of us companies, including airlines there. So whether or not he says all that’s my fund or me personally, why put this mission message out in public and portray that you’re not going to be selling airlines if you turn around and sell airlines? Now, these are the forecasts that are coming out from some of the leading analysts in the banks, Morgan Stanley here. And this is what we kind of, I think, still expecting a lot of ways that people are going to see this V-shaped recovery, that it’s going to get bad. Grew GDP might go down 4 per cent, 5 per cent for a quarter. Then we can have a huge rebound because all this demand is going to be there. But I don’t see that as the case. I see maybe a U-shaped bottom, possibly an L or a slow grind higher. But these systemic issues that have come to the front, I think they need to be solved and people like it by the B.S. that was going on and all the funny money that led to the bubble and caused all these issues. All right. So we’re into the crypto news. We’ve had a number of companies slapped with this lawsuit. So this happened a little while ago now yesterday. And the market didn’t really react badly. So I don’t think that this is something to be worried about. You know, it’s the usual stuff. A lot of these allegations are thrown around and it just takes so long. They’re going to be delayed, pushed back. How do you get all these companies in the one room from Kilcoyne to Tron to iOS and BLOCK, one of Verde had one settlement there. So, look, I don’t think this is anything to be too worried about at the moment. But yeah, there’s always investors trying to sue exchanges and projects and whatnot. These days, it’s part of the crypto community. Some positive news. Once again, power ledger. They continue to power forward, pardon the pun. But every week throughout crypto winter, they’ve had good news. And this is the world. First, so choose your own energy source in France so you can actually choose your allocation. Whether or not you want to get your power from solar or wind, they might have a different price. But, you know, you might be happy to pay another cent or two per kilowatt hour if you know that it’s coming from wind instead of coal or a different energy source, for example, or supporting a local wind farm and local jobs. Either way, I just think that the decentralization of the energy grid and being able to do this kind of stuff through software. It’s a really bullish investment theme with everything that’s going on in the world at the moment. Another local company, Horizon State, have put out their update. The takeover by a team, Goggin and the guys sees the new CEO of Horizons to the state talking about what’s going on there. Their aims, how he first got involved and the benefits of the platform. Had had bit of a re-jigger on the website just to give customers an idea about the services that they’re going to be offering and what not. And still, the hope is to use the blockchain or honor token holders in some way. I know they sort of haven’t forgotten about the community and those that really supported them in the early days. They’re synthetics. Another one of my favorite Aussie projects. These guys have added some more equity indices. So the idea here eventually and the reason that I fell in love with this company is that you’re going to be able to trade indexes. At the moment, they’ve got the footsie and the Nicci eventually. Hopefully it will be the Australian stock market. The US markets, they’ve also looking to add oil, I believe, very soon. So they work with chainlink to get price feeds. Then they create these synthetic assets and it’s almost like a decentralized broker or trading platform. So at the moment there’s not a lot of liquidity there and it’s still a little bit, you know, hard for the beginning user. You need to understand mega-mosque and all that is going to get easier as we go forward. And it’s very exciting to see this is a sort of stuff that’s going to underpin the crypto markets and the world of DFI is exploding. We do have a bitcoin grant. So if you guys don’t know how these worked. Basically, if you donate a dollar to our grant, it’ll be matched by the smart contract anywhere up to $100 in some instances. So you send us a dollar if you’ve got to get going to account or anyone can donate and you you might end up sending over 100 dollars our way. So at the moment, I think we’ve raised a couple of hundred dollars thanks to. They donated our largest donation so far. But this is going to go towards me being able to pay someone to do more research for you guys for our free public. A theorem, a monthly update episode. Now one of the busiest daps who has been working hard in the off fear and community. This was some research from sentiment. All our favorites on the list here, projects that I really love. Aragón is one that Tim Draper invested a million dollars in recently. I’ll give you a bit of a tip. As members know, this is one that I added to my portfolio a couple of months ago and has performed extremely well. A MRGO. They’ve had a bit of a comeback recently, which is great to see. Sentiment also put out a research piece for paid members only. Now, obviously I subscribe to a range of pay research and I can’t share it all for free. That wouldn’t be fair, but a Macie go was top of the list on the projects that they are most bullish on from all their fundamental research. So if you want that, we do have some links and some discounts for everyone, for the public. And again, members, you guys get bigger discounts with all our affiliates Coinbase who invested a million dollars in pull together the De-centralized Lottery. I’ve done a tutorial on that. It’s very cool. There’s no losers because of the way the DFI works and Eudy swap as well. So Coinbase are definitely going to be looking to integrate more and more of these projects. And their app is going to have ways for people to earn rewards without even knowing that they’re using crypto theorem. The dice table coin, for example, and that is where the next wave of people come into the crypto world. Shapeshift have enabled customers to buy with crypto debit cards as well. Sorry, by crypto with your debit card, it’s never been easy to buy crypto. And I’ll talk about in a second how my thesis on how the next bull market is going to play out. Australian crypto exchange coin spot of one this ISO security accreditation. So this is basically one of the top standards in the world for securing digital systems in crypto. Basically saying that, yes, their cold storage methods, how they do everything, setting it up and off line, their crypto is is very safe. So awesome to say. Obviously, if you know how to set up your own hardware device, that is safer, but we’re getting more and more of these, I guess, practices and standards in place. So hacks are going to be less likely in future and coin spot. You guys know that we do work with them. We like them. They recently put out those D5 bandos, a great Aussie exchange. Right. REPL have engineered a way for private transactions to take place on X up a ledger. Again, I’m not sure how that’s going to work. REPL to me is someone that wants to really comply with all financial regulations and at the moment regulators aren’t real crash hot on privacy. So hopefully we get more details about that. Sam and I will talk about that when we next get together. It’s cool to see privacy basically coming to all the top three assets now. Bitcoin, a cerium ex-hubby, also a nuther Costa custody firm, Anchorage Trust Company. These guys are one of the original members of Libra as well. Adding LSP to their list of cust. The assets for their institutional clients and finance have been moving and shaking. And it’s these sort of downtimes in the market where we see a lot of acquisitions happen, 400 million dollars for quite a market cap. Look, I think that’s a lot of money. I think quite market cap is slightly less reville relevant than it was back in 2017 when retail investors were checking coie market cap one hundred times a day. But I think finance knows that it gets a lot of eyeballs and actually more traffic than the Bonanni Web site. So hopefully they do the right thing and they don’t end up fudging numbers. And what not depends on how much you trust Bonanni. I guess they have partnered up with FDX who have a volume monitor that calls out all the B.S.. So yeah, hopefully they’re going to work together and we get some more accurate numbers from quite market cap. A lot of people have asked about alternatives. KOIN GEKO is probably the leading alternative to Koine Market Cap. There’s heaps of them out there these days that actually have more digital assets as well. So KOIN Gecko if you’re interested, or Missouri is the other one I like the bitcoin cash halving is actually in three days. In eight hours now. So what’s that? It’s going to be about 1 a.m. Australian time in a couple of days on late Wednesday night. I think this is going to be a bit of a preview. We will see some fireworks. Whales love to splash around in these other markets. We saw what happened with Litecoin. I’ve done a lot of write ups for members around Bitcoin cash. I did that free video for all you guys about how I see their bitcoin cash hardfor actually affecting the bitcoin hard fork. I believe that bitcoin s.u.v. Hard Fork is the day after this as well. The other thing that a bornand are getting into is by the looks of it now is mining. So mining is going to become less profitable after the halving. I think we’re kind of seeing this real corporatisation of the mining world where those firms with a lot of money, you know, becoming the winners and we’re sifting out those that are unprofitable. So has rights been dropping a bit? I still think the network’s strong. And as soon as we get into a bull market, I think we gonna see far higher prices. And all those miners that have dropped off are going to be profitable and they’re probably going to jump back in. But bonnets have just got a finger in every pie at the moment. All right. So some more research sentiment. They’ve had they have shown us that active addresses continue to climb on Bitcoin and theorem. Despite all this bad news, we are definitely heading in the right direction. It’s very different to that crypto winter in terms than numbers. We’re seeing bitcoin exchanges reporting record amounts of new users this month. So this is only from a few days ago and crack in reporting these huge increases in doubling for some exchanges. So I know a lot of people are at home and Googling what’s going on in the financial world. And some investors are taking Bitcoin far more seriously than they used to because of what’s going on with all the trillions being printed. Our brave browser, a million new users this month alone. If you haven’t got brave, download it. It blocks all the ads. It’s absolutely brilliant. And you can import or you’re bookmarks from Google Chrome. Vitaly has come out and said that he expects a lot of enterprise applications to move to the thearea main net because it’s a great way to disrupt how some of these other trading platforms work. And I completely agree with him. So this is an article by Banquo’s just saying that theorems going to a Wall Street, that whole settlement layer, that’s just software, but software that has a company behind it and exacts and all these people want to make a clip in a fee and it takes time. All these. Be replaced by cerium and it’s already happening. This is a cool little project called Balance. This is a non-custodial portfolio manager, so they can help you balance and create a portfolio on the ethereal minor. Using things like, you know, Yuni Swap and market makers and whatnot. So it’s already here. The technology is just a matter of now. How long does it take to eat? Wall Street’s lunch and capture market share? I am J. We’re very touched on them recently being one of the projects that’s in the top 10 for development on a theorem. But this is a cool little article about everything I’ve learnt from version 1 of on the test net. So Ruxton is one of the theorem test nets where you can play around on and they’ve partnered up with a company. Where was the name of it here? Let’s go back to their blog, Hojo Labs. So they’ve chosen O-M-G for their high throughput transactions. I definitely think that RJ fell out of favor and soda plasma as a scaling solution. But some project hydro crypto currency system. Head over to the MASC Go blog and I have rebooked that interview with the MASC Go team to have them on the channel for good chat very soon. CRM 2.0, the new chain phase. Your multi-client test net likely to go live this month. So it’s all coming together. Metallics been doing some big picture roadmap stuff as well as the move to prove state that’s going to be happening soon. And the older theorem chain that we’re on now is going to continue to be updated. What’s the Theorem 2.0 video I did if for more information on that? We’ve seen this theorem, Enterprise Alliance launched that that test ground for all these different blockchains being interoperable, particularly for the corporate world. And that’s the whole point of the theorem Enterprise Alliance. And we’ve seen so many businesses come there and really trust the ethereal name, its track record and the projects in the technology building on them. Ernst and Young even open sourcing some of their privacy technology, fourth area. So into the final parts of the bitcoin use here we’ve got reveler, which is a huge company only learned about recently, where you can sit in any different fiat currency around the world and move money and it’s very, very low fee if not free. So they’ve rolled out crypto and gold holdings. So much competition. So I talk about the pay powers and the stripes and a lot of competition with all the stable coins to something like LSP. But now we’re seeing these other companies going the other way and getting into crypto and letting their customers pay a bill from the U.S. to Australia by moving bitcoin first and then paying in the currency. Or I just love what is happening, that the banks are getting a massive, massive shake up. And it’s about time the ex royal meat team are providing security for Civic crypto wallets. Once again, FDIC insured. So there’s no excuse anymore for people to say, I don’t know how to set up an account or, you know, I just don’t want to manage it myself. Big, big investors have these trusted, familiar ways and even mobile wallets now that they can get insurance on. So it’s just awesome to watch this happen. And someone like Emily Diosa. Emily, if you’re watching, if you’re friends with Emily, tell her I say gidday. She is the the head of the Australian Taxpayers Alliance. And she came out and said, look, I bought my first bitcoin today. So it’s these professionals from a completely different world who are waking up to bitcoin today. So I just love it. Six thousand likes and plenty read tweets. She couldn’t have imagined the Bitcoin community getting around her. This is the good side of the Bitcoin community. You know, I hate the toxic stuff, the maximalism. The more people we can welcomed with open arms and respect others opinions. The faster this is going to happen. More people are going to come into this space and that is going to push bitcoin off and get rid of those those banks that are fleecing everyone. Finally, if you haven’t listened to this podcast, it was one of pump’s. So it’s on YouTube and he’s off the chain podcast. This is with Shamas Polly Happy TR. So he’s a billionaire. He is the CEO of a venture capital firm, Social Capital. He’s done extremely well. He’s an early adopter, but he’s just so bullish on Bitcoin. He wants the other he said he’s been buying more lately, but everything that Bitcoin was designed for, he’s happening trillions of dollars. You can’t make this stuff up. Negative views. Banks failing. We saw more withdrawal limits in places like Egypt this week. It is just the perfect, perfect recipe for Bitcoin to go up now in the short term. I know it’s been painful. This is what I’m watching now. Last week we did have another falling wedge playing out. Sure enough, once that did break down, we got a decent trade there, but it got bought up. And I think that shows that there’s a natural buying pressure that’s picking up. My theory was that we got down this low because the cascade and the liquidations of BMX, I don’t think that this was fair value and it didn’t even get down this low on some other exchanges. So you are very lucky to pick Bitcoin up under $4000. That the thing that was different from this rising wedge to what we’re watching now is, you know, during the top, we didn’t really see much buying activity from the bulls. Now, that’s kind of changed a bit lately. And I think we do have a. Better chance of breaking up rather than down. See, as we get towards the top of the wedge here, we’ve actually got bullish volume increasing. So I still think it’s it’s a bit of a 50/50 at the moment. Only experienced traders should be trading this. You know, it wouldn’t surprise me to see another fight break down and then whipsaw higher. We’ve had some big whipsaw is up. And we know that this is the the weekly resistance that I’ve got marked on here, the three lines. So we do have that resistance overhead once we get through there. If we can come back and retest it, I just think that that sets up a very, very strong launch ramp, as the Harvey is now only, you know, thirty five, thirty six days away, something like that. So how painful has it been, guys, since we got this teaser, this huge rip up to forty thousand dollars and we’ve gone all the way back down to three, but really in the grand scheme of things, let’s just finish off by looking at a bail X on that really long term time frame. Let’s go on that long shot there. Nothing much has changed. I know it looks and feels like this is really horrible, but, you know, in a few years time when hopefully we are somewhere right up here. No one’s going to remember this week and this cycle is going to look very, very similar to previous cycles in terms of our altcoins. Let’s just finish off on eigth here. This has all been really healthy. Still big picture stuff. Eith tends to be a good barometer for altcoins if we’d go from the bottom here to the top. We’ve had a perfect retracement into that sixty one point eight Fibonacci there. So this is what I want to hold. Nice weeks and buy here if we can hold that. I think that gives us a great chance for altcoins to really be strong performance here. But lately it’s been all about bitcoin. All eyes, the new money. That’s where it’s going to go. There’s a lot of interest in DFI as well. But I think we need bitcoin to make a really positive, decisive move and then we can let these other projects play out. So, guys, there’s plenty happening there. Don’t forget to get your friends over to our free education. If you want more, we’ve got our premium community. It’s absolutely awesome to see that you guys are respecting each other. The conversations in there, it’s been fantastic. So I hope you’ve enjoyed that video as always, guys. Place it there like bundes. Subscribe to an already. Share these around and I’ll talk to you again soon. Geez.

Via https://www.cryptosharks.net/bitcoin-finance-global-news-april-2020/

source https://cryptosharks.weebly.com/blog/bitcoin-cryptocurrency-finance-global-news-april-5th-2020

[jeffrmayhugh]

Bitcoin, Cryptocurrency, Finance & Global News – April 5th 2020

VIDEO TRANSCRIPT

Hi, guys. Thanks, Virginia. Another set of Nuggets news. Well, another huge Newsweek we’ve got so much of that macro news to get through as well as all the crypto headlines. We do welcome a couple of thousand new subscribers again this week. It’s great to see the channel growing. And I know plenty of you introducing your friends and family into this world and learning for the first time. So just reminder, we’ve got a range of free resources. I know we often use all these different terms. So we’ve got a glossary as well as in-depth guides on everything over on our Web site. And we’re building out that resources hub every day. We’ve also got our premium community. We get all our extra research in my daily write-ups and you get to be part of our discussions that we have every day around everything from what’s going on in the world finance and swallows everything in the crypto community. So that’s available as well. Here’s a sample of our premium research. These are the five projects that we covered in depth this month and you get all these reports emailed to you as well as daily emails to keep up to date as well. All right. So let’s get into the local news. And I want to, I guess, start off by saying that this is a huge positive, that the curve has flattened to some degree in Australia. But it’s really important that we don’t celebrate too early. And what I really want to highlight to people today is the curve of these unknown local infections is still growing exponentially. So we might have had that first wave of all the people returning from overseas. And now, because we didn’t go into a really strict lockdown for weeks, we had a lot of, you know, hairdressers, schools, this, that and the others to open it was allowed to spread through the community. And this is what is really troubling. This is just New South Wales and this is growing at 10 per cent a day. So that is what we need to get on top of. If that starts to flatten out, then we can certainly start to be more positive about the future. So more than 400 cases have been confirmed just from the Ruby Princess cruise ship alone. This week we had the leaked emails coming out that the New South Wales health authorities, they knew that those 100 passengers on board that were symptomatic, but they decided to let everyone off anyway. So I’m sure some heads are going to roll there, but hopefully this doesn’t get worse, because if it all comes back to what happened here and the failures of the authorities. That is a really, really bad look. Now, other countries like Singapore have got it under control, but even they are experiencing a bit of a second wave. China have had some outbreaks. You know, we don’t really believe the numbers coming out there. But other countries that people were saying, oh, look at what they’ve done. Even they are having to go back into more stricter measures. So it’s not like once that curve flattens, you just past the worst of it. Really important to understand. Now, I certainly do agree with people that are saying that some of the measures that have gone and been put in place are often, you know, quietly have gone too far. So we’ve got everything from police drones now monitoring people, big fines and arrests. I do think everyone does need to adhere to these social distancing and the quarantines for the time being. If they get too extreme when everything is going really well, then, yes, we’ll start to ask questions. And even the Australian police have said that they will repeal some of these new laws and rules and what not. So that’s a positive sign. But do we really need to be doing this? Cell phone tracking this week, Google and Facebook started handing over all our tracking data to authorities. And this really is becoming that surveillance state spy cameras and public doxing and whatnot. So, Alex gladstein, humans rights activists, we are going to have him on the channel soon. But this is the questions. And I understand why people have got all these different theories, because what is going on and how sudden it’s all happened is actually pretty scary. So now it becomes about supporting people financially if we’re telling them that they’re not allowed to go to work and what not. And I was critical that Australia weren’t doing enough soon enough. And this week we got to, you know, a lot more stimulus. So this is far bigger than anything back in the GFC. This is equivalent to 10 per cent of our GDP, our economy. But now we need to make sure that it gets into the hands in the pockets of those that need it most. And this is where we start to have these arguments about, well, is this like QE in America that it just went to the banks versus how much is actually getting to people. So we’re very quick to bail out these airlines. You know, $5.6 billion. Our Australian taxpayers going to be happy with this or should they get a share? You know, if we’re gonna bail out these companies, why shouldn’t we get, you know, equity in these companies so that when they get back up and running and profiting, we are the ones that benefit. It’s not just back to the old big corporate exact bonuses and, you know, huge dividends and whatnot. You’ve already privatized all those profits and. And once again, socializing those losses. Now, not everyone is fitting the criteria. So really unfortunate where we have a lot of what you would consider Ozzies people from overseas that have lived here for a while. And the Prime Minister’s told visitors and what not to sort of make your way home. Now, some people that move here, they need to say that they’ve got enough to support themselves in case these things happened. But I know we’re hearing a lot of stories of people that don’t qualify for some of these support bonuses that are pretty much Ozzies, by every way. We do look at it. So let me know those stories down below when you think about all this as well. Now, the banks have said they’re going to give a one time mortgage payment break to some of the mortgage holders. If you actually dig down a bit deeper, I think this was the equivalent of something like 40 or $50. Because if you delay these loans and these breaks you want not they all still accrue interest. So this is the headline that banks put out because they want to get all the good publicity. But you know, it really in the grand scheme of things, they’re not really doing you any favors at all. It’s always going to be a profit for them. Now, overseas, we’ve seen some of the banks be forced and told to cut their dividends and to cut bonuses and even salaries and whatnot. So you don’t touch the dividends in Australia. You know, that’s you know, that’s sacred to a lot of investors, particularly around the banks and property in that as well. So at the moment, offer a saying that bank dividends could be an issue for boards and there’s going to be some very tough decisions there. So let’s see if Australia follows suit after other countries set the rules and set a tone to say no more dividends if you’re going to be getting these bailouts. Now, superannuation funds are pleading for liquidity and support. So it’s this term liquidity that’s really frustrating me. It’s a bailout. If something was worth a certain price, there’d be another investor that was willing to buy. But because we’ve pumped everything up with all this funny money, as soon as something starts to go down, there’s people that want to redeem their investment funds or their super or whatnot. And there’s just there’s no buyers at any price. And now they’re saying, oh, please bail us out as well. So what ends and what means do we go to the central banks, go to the governments, go to hopefully people are getting educated around all this stuff because I just think it’s going to bring about a lot of political change and hopefully a new financial system as well. David Lindsay, we’re talking about triple A property only ever goes up. And we heard all those Australian terms, but now property investors want their version of the job caper. You know, if you bought 10 investment properties and you leveraged up what not, as soon as there’s no tenant, you can’t just cry poor. And these people that have got no assets and no job and they can’t afford the roof of the house. They’re the ones that need to be getting that first set of stimulus. So, yeah, these investors that have got all these properties that are crying poor, hopefully they can freeze their payments, you know. But we just can’t bail out everyone, particularly the wealthy that have all these assets. You know, investing is risky. Now, it’s funny that Australian BET company Betfair actually put out a combination of the two things that Aussies love, property and gambling. So you can actually bet on the housing market. And the reason I thought this was actually quite funny, because it’s it’s hard to short the Australian property market, even some of the investment products compared to in America and some, you know, the apps like a and that we don’t have good ways to short the housing market in Australia. So if you were to sell your property and there’s no buyers and there’s less auctions in that system in a liquid market using an app and actually betting could be a good way to hedge your investment from from going down. And it’s crazy to think that that’s kind of what it’s come to in Australia. And maybe that’s why Betfair have got into this market was they see a lot of demands. Now, another asset or commodity that’s really important to Australia, all our gold and silver and other resources. A hundred seventy six mines globally being shut down. So this is going to affect the streams of precious metals. We’ve spoken about the shortages in Australia and around the world really to get physical metal when these premiums. So I did a video last week, a week before about Hakan Arbitrages this opportunity. And this shows it really well. This is the price of a silver coin as well as the spot price of silver. And they only track pretty closely. But when the price of silver tanked and went down, the premiums actually went up. And you can see the percentage premium here just behind me. It jumped from, you know, 10 or 20 per cent. That’s normally how much extra you’d pay, jumped up to 80 per cent or still sitting between 50 per cent and 100 per cent now. So these 12 dollar silver price, you know, you’re actually paying $24 double. For a coin so you can exploit that using E Tauro buying the ETF gold, watch that tutorial if you want more information about it. And we’re still running that deal. It’s been very popular. We have extended it because so many of you have taken us up on this one hundred dollar free Bitcoin offer, because the reason we partnered with these guys is because you can short the Australian stock market very easily. You know, gold and silver bonds, investment bonds, junk bonds, all these products that you can trade very easily, which aren’t normally available to Australian investors and traders. Now, a bit of a positive here from the fall in oil price. Ninety nine cents per litre in Tazzy. That’s as lows as I’ve seen it since I was a kid. And plenty of you told me that it’s far lower in other states. So the lows we saw yesterday was 49 cents a litre. I think that was in Adelaide, but really amazing. So in Tazzy, the average price was still nearly a dollar. Sixty a litre wholesale cost 90 cents per litre. So, yeah, there’s big margins there. It was great that one little petrol station owner sacrificed his profit. He felt sorry for a man that’s lost jobs. Yeah, there are still good people out there. That’s a lot of these petrol places are ripping you off. Our fellows. You want to trade oil. U.S.O. is the ETF that you can trade on a Tauro for zero fees. All right. So Putin and Saudi Arabia, we’ve still got this tension that’s keeping the price of oil low. And Putin really plays everything like chess, you know, turning it between the Saudis and the US, trying to crush US shale. That whiteboard video, hopefully it’s coming out this week and then explain all that in great detail. And who would’ve thought of negative oil prices? So there’s lots of different types of oil or grades of oil, depending on how much refining it needs and blending and whatnot. And one type here. seÃor the price actually turn negative. They’ve got so much it’s going to cost them actually so much to store that they’d rather give it away or even pay people to take it off their hands. You know, if you had told someone negative oil prices would exist, they wouldn’t believe you. But that’s just the upside down world of investing we live in these days. This is the change in high yield credit spreads. So normally we’ve got these, you know, US Treasury bonds very safe, then corporate’s and then high yield risky bonds. And I did the video. I might link that down below about how this spreads really compressed and you weren’t getting paid much extra to take a heat, more risk. Well, that’s all blown out again now. And energy sector in particular, it’s jumped fifteen hundred basis points, so 15 per cent. So suddenly junk bonds that were maybe, you know, four or five per cent the yield on a junk bond. Now it’s 20 per cent. It’s so, so risky. And as $171 billion of those in a higher risk of default. So let’s have a look here. This article saying that could start to attract the big investors back in because those youths are so high, particularly when you compare it to an S&P or other stockmarket earnings and what not actually saw this article saying it could attract people back into the stock market because stock prices have now fallen so far that relatively that yield is now attractive. So, again, less people actually having to chase those junk bonds to get a good yield because stock prices have fallen so far. But the Fed, once again, they swoop in and say, well, we’ll just buy it. We’ll just buy these investment grade bonds were buying us treasury bonds. And sure enough, the investment grade bonds that all these companies issued, they said, well, if you’re going to buy all these, then we’ll issue them and you see this huge spike. So $270 billion of investment grade bonds were issued because they companies know the Fed is going to bail them out and give them free money. Don’t fight the Fed. And this was something that I mentioned. If you’ll get us short junk bonds or whatever, you have to be aware that this was the possibility. I think David mentioned this last week that it was likely we’d see the Fed come in and buy these. And sure enough, if you were shorting this, well, you know, the Fed basically wrecked you because your thesis was right, your research was right. But the Fed came in. There’s no such thing as a free market and they’re just buying things that should be going broke. So you should’ve made money if you were shorting, but maybe you got stopped out. We did see a short squeeze there. Now, the Fed of also had to step in because foreigners are dumping a record amount of US treasuries over $100 billion there. They’ve launched these repo facilities because they’re giving the Australian Central Bank US dollars. But so many investors are demanding US dollars around the world. All these different countries are just watching, you know, the Aussie dollar or whatever their local currency is. So they want US dollars and there’s not enough in the world. I did a long video about that on Friday night. If you want more information, but in dollar terms, Q1 of this year has seen a record amount of fallen angels, as they call it. So these investment grade bonds have been downgraded to high yields, around 150 billion dollars. So this is the sort of junk bond market that’s around a trillion dollars. And that’s where people are wondering, you know, is the Fed going to go there next and stop buying junk? Now, some of these companies that were issuing the junk were all these oil drillers. And this is what frustrates me, like we’re talking about before with the airlines getting the bailed out after they’ve had all those buybacks and huge bonuses. Five days before this shale or exploration company went bust, the exacts paid themselves 15 million dollars in bonuses and now they won’t be bailed out. So you guys, hopefully you are enjoying all this investing education if you do want to structure your own super and long term investments. We’ve got that partnership with New Brighton Capital. They’ve got a free consultation. Take advantage of that. Mike’s going to be on the show this week. We did try to record it last week, but the Australian Internet was a bit strange. We’re gonna be talking about how you can take out some money from your super. How that works, whether or not you should even do it. Is that a good idea? So, yeah, New Brighton Capital, a great friend of the channel and members. You guys get an even bigger discount as well. Now, let’s talk about the actual case numbers here. 1.2 million. The death ratio has increased, but we know that’s because we’ve got so many people that are just not being tested. Now, it’s kind of overwhelming the system. So, look, that’s not the actual fatality rate of the disease. Hopefully we’re going to have far more rapid or widespread testing in the coming weeks as we have those new formulation tests being rolled out. But either way, we have to admit that globally, you know, this is still growing cases and deaths on a logarithmic scale. So there’s no real reason to celebrate yet. You know, this can still run through countries, developing nations. And Sweden was another one where people were saying, oh, look, you know, they’re being really sensible. They haven’t gone into lockdown. And sure enough, I think that they’ve got more deaths than a lot of these other neighboring countries combined. So they’ve had to bite the bullet and go into lockdown now. India are actually trying to sue China for, you know, Corona virus, what it’s done to their economy and whatnot. This is a country that I’m really worried about where social distancing is basically impossible. So fingers crossed for those developing nations. A very harsh approach by the Philippines leader here ordering police to shoot, shoot dead, anyone that’s violating that, the lockdown orders there. So, again, human rights really being trampled with everything that’s going on. But these tensions between the US and China is where the trade walkin’ far up again. So half a million Chinese people entered America over those recent couple of months. And that’s probably how we had a really widespread throughout the community. COVA cases before they even started testing in America. Now, a lot of people were comparing these different stats and saying, you know, the flu kills this many people a year and what not. But it’s very clear now Cauvin, 19, is the third leading cause of death in the US now that we’re actually breaking it down into per day. Now, that’s up to 13:00 today. Time recording. If it keeps growing at 10 percent a day, it’s probably gonna be the leading cause of death by the end of next week. It’s just insane and people are still comparing it to other diseases in other countries around the world, hunger and things like that. But guys, this is a disease that needs a lot of care and attention. It strains the hospitals. It’s contagious. It’s spreading and 10 percent a day. You know, it’s not fair to make these other comparisons. It’s a bit of a stretch. This is something that we can prevent and get on top of. Within a few weeks, if we all come together and do it well, we don’t want to be the leading cause of deaths in every country if it’s preventable. So Donald Trump has definitely changed his tune. This week, he’s actually come out and said that he won’t be wearing a face mask, even though the CDC actually backflipped and said that they don’t wear masks. They can even make it worse. And now they’ve said, well, yeah, we recommend everyone wear masks. Funnily enough, in Australia, they’re still saying that don’t wear masks, they don’t work. So, look, some polls are saying that Donald Trump has really surged in terms of his leadership. I try and keep these videos politically neutral, but it was interesting that FDX have got the presidential election tokens ways for people to bet or trade on the outcomes of different presidents. It doesn’t look like he wants to load here, but Joe Biden has really jumped up in the polls and. Trump has fallen so at one stage. Trump was around 50, 65 percent, I think, and it struck down to about a 50/50 rating at the moment. Some of those videos coming out about Biden. He doesn’t talk well from what I’ve seen. So I’m not sure what FDX isn’t loading there, guys, but dumb head over there. Check out the presidential odds, if you like. Okay. So Matt, BARRIE here has come out with an interesting tweet about this personal protective equipment. And Australia has banned exporting of all this equipment back to China. But I don’t think we realize that China actually make all this. And they’re probably going to stop exporting to us if if they don’t like the games that we’re playing. The US has invoked that defense act as well, blocking the export of masks to Canada and Germany. So people have different stockpiles. A lot of manufacturers have now started making cotton mask, 3D printed masks. It’s great to see these other businesses that are really pivoting ventilators and that as well to really give the healthcare workers what they need in this time. A lot of research going on. Forty nine diagnostic tests, 30 different treatments in clinical trials are five vaccines. The world has really focused all the smartest minds on this problem. And I’m really hopeful that we’re going to have some solutions. And as you throw mice in combination with the hydroxy chloroquine and zinc as well, that looks pretty promising. So compared to where we were two weeks ago, I certainly think there’s reasons to be positive. But we’ve just got to flatten that worldwide, spread that curve next. So the US labour market is in freefall, 10 million Americans filed in two weeks. You guys know that our predicted unemployment would likely hit 10 per cent in the next two weeks. And it looks like we’re gonna be pretty on the ball with that number. We won’t get the Australian stats for a couple of weeks because they take their time compared to the US, but simply jaw jaw dropping numbers, 3 million last week blew everyone away and now 6.6 million. This week we’re seeing these lines. I mean, what do you say? There’s these people lining up in their cars for five hours at a time and then food banks was still running out. People live paycheck to paycheck. I think the studies, 70 per cent of Americans don’t have $400 for emergency. And now this is the emergency. People can’t eat. I hope that they do their best to get that money in the hands of the American people. We’re hearing horror stories like this might take, you know, weeks or months to get it through this system. So I hope they sort that out the same in Australia with the Centrelink lines. Great to see someone like Jeff Bezos donating $100 million to help feed Americans. I don’t know about you guys, but it frustrates me when people say, oh, he’s worth X billion dollars. This is only point one percent. One hundred million dollars is $100 million. If he didn’t give that, now that’s a huge amount of people that might not be getting fed and whatnot. So you just realize when people are wealthy, they have that wealth tied up in a lot of assets. They can’t just sell at all. And sometimes the numbers are twisted to speak. Tankful $100 million is doing a lot more than most people out there like US box office sales. This is a fantastic example of the reality for so many businesses. 204 million dollars of sales on the same week last year dropped to $5000. So basically every cinema is shut. Is this an industry that’s going to bounce back once more and more people, you know, get familiar with their Netflix and all the different options you have these days? The home cinema is I think going to movies is still an experience for, you know, a big box office smash movie. But there’s going to be a lot of changes that come about from what’s going on. Small businesses, again, a lot of these people are now learning that they are not eligible for these bailout loans in Australia. I know the measures that we’ve put in place. Some businesses don’t have enough money to pay the wages to the staff or a few weeks, even if they know the government is eventually going to pay them back in and backdate it. So we’re running into these issues in the real world. And that’s where I really hope that we can sort those out and and have these discussions, because it’s not a perfect system. And I know they’re scrambling to do everything they can in a short period of time. This is another one where tensions are flaring between the landlords. We’ve just seen a lot of businesses say refusing to pay rent, and that puts a strain on the landlord. A lot of those are investors. Some of these people have now gone to banks and the banks themselves, like Wells Fargo, is scaling back on their different refinancing. So at the end of the day, even though, you know, the Fed or the RBA in Australia sort of printed this money and made it available. To the banks to give out loans, the banks still don’t want to give out bad loans. So we’ve heard stories in Australia of mortgage customers go into the bank and trying to refinance or even apply for that six month freeze. The bank says, well, you’re going to have your job back at the end of the six months. And they say, well, you know, I don’t know. And they say, well, sorry, we’re not going to refinance or freezing line. We’re not confident you can pay this back at the end of this period of time. So some of those stats I’ve read were anywhere between 30 and 50 percent of loans being rejected. So I’m sure the government is going to have to do something to make it directly available, because that is going to bring down the housing market. The corporate property market as well. Those are the leases and whatnot. There’s a lot of chapters of this story to play out yet. I guess that’s the message that I want to get across. And a few days after the Fed came out and told us that all U.S. banks are strong, there’s going to be no failures. We’ve seen the first bank go under. So this was an FDIC insured bank. We know they don’t actually have enough money to insure all deposits on all banks. If we saw, you know, a wide collapse, but the Fed began to print money to oblivion, to infinity before they actually allow these banks to collapse. So I don’t think the banking system collapse is now the main worry. I think it’s the the inflation that’s going to come from printing so much money down the line. Goldman have warned of the significant adverse impacts on stocks. It was basically buybacks that that kept that stock market roaring and then a retail sort of blow off top towards the end here. And we’re seeing massive, massive numbers in terms of the corporate that won’t be there. So we’re talking, you know, billions or trillions of dollars of buybacks that aren’t going to be propping up stocks anymore. So the world’s largest hedge fund might have to sell their assets. Now, this is Norway. They’ve got a 25 billion dollar withdrawal that they need to make in order to pay some of their bills. So a trillion dollars neily of assets under management. These are the, you know, the Swain’s and what not. Some of these guys have been printing money out of thin air to buy stocks. But the difference here is that the U.S. can continue to do that without, you know, their dollar sort of plunging. They can print money and prop up stocks and assets, whereas someone like like Norway. Other countries around the world, they can’t necessarily just just keep printing money to prop up these other assets because their currency is far more likely to enter this death spiral around the world. And that’s where the U.S. dollar having this privilege is upsetting people and is leading to a new financial system. Again, I spoke about any more detail on the Friday night video. Warren Buffet, watch what they do, not what they say. So not that long ago, only a few weeks when Warren Buffet said he won’t be selling any airline stocks. And just this week, we saw the numbers in where Berkshire Hathaway, his fund, have sold out. A lot of us companies, including airlines there. So whether or not he says all that’s my fund or me personally, why put this mission message out in public and portray that you’re not going to be selling airlines if you turn around and sell airlines? Now, these are the forecasts that are coming out from some of the leading analysts in the banks, Morgan Stanley here. And this is what we kind of, I think, still expecting a lot of ways that people are going to see this V-shaped recovery, that it’s going to get bad. Grew GDP might go down 4 per cent, 5 per cent for a quarter. Then we can have a huge rebound because all this demand is going to be there. But I don’t see that as the case. I see maybe a U-shaped bottom, possibly an L or a slow grind higher. But these systemic issues that have come to the front, I think they need to be solved and people like it by the B.S. that was going on and all the funny money that led to the bubble and caused all these issues. All right. So we’re into the crypto news. We’ve had a number of companies slapped with this lawsuit. So this happened a little while ago now yesterday. And the market didn’t really react badly. So I don’t think that this is something to be worried about. You know, it’s the usual stuff. A lot of these allegations are thrown around and it just takes so long. They’re going to be delayed, pushed back. How do you get all these companies in the one room from Kilcoyne to Tron to iOS and BLOCK, one of Verde had one settlement there. So, look, I don’t think this is anything to be too worried about at the moment. But yeah, there’s always investors trying to sue exchanges and projects and whatnot. These days, it’s part of the crypto community. Some positive news. Once again, power ledger. They continue to power forward, pardon the pun. But every week throughout crypto winter, they’ve had good news. And this is the world. First, so choose your own energy source in France so you can actually choose your allocation. Whether or not you want to get your power from solar or wind, they might have a different price. But, you know, you might be happy to pay another cent or two per kilowatt hour if you know that it’s coming from wind instead of coal or a different energy source, for example, or supporting a local wind farm and local jobs. Either way, I just think that the decentralization of the energy grid and being able to do this kind of stuff through software. It’s a really bullish investment theme with everything that’s going on in the world at the moment. Another local company, Horizon State, have put out their update. The takeover by a team, Goggin and the guys sees the new CEO of Horizons to the state talking about what’s going on there. Their aims, how he first got involved and the benefits of the platform. Had had bit of a re-jigger on the website just to give customers an idea about the services that they’re going to be offering and what not. And still, the hope is to use the blockchain or honor token holders in some way. I know they sort of haven’t forgotten about the community and those that really supported them in the early days. They’re synthetics. Another one of my favorite Aussie projects. These guys have added some more equity indices. So the idea here eventually and the reason that I fell in love with this company is that you’re going to be able to trade indexes. At the moment, they’ve got the footsie and the Nicci eventually. Hopefully it will be the Australian stock market. The US markets, they’ve also looking to add oil, I believe, very soon. So they work with chainlink to get price feeds. Then they create these synthetic assets and it’s almost like a decentralized broker or trading platform. So at the moment there’s not a lot of liquidity there and it’s still a little bit, you know, hard for the beginning user. You need to understand mega-mosque and all that is going to get easier as we go forward. And it’s very exciting to see this is a sort of stuff that’s going to underpin the crypto markets and the world of DFI is exploding. We do have a bitcoin grant. So if you guys don’t know how these worked. Basically, if you donate a dollar to our grant, it’ll be matched by the smart contract anywhere up to $100 in some instances. So you send us a dollar if you’ve got to get going to account or anyone can donate and you you might end up sending over 100 dollars our way. So at the moment, I think we’ve raised a couple of hundred dollars thanks to. They donated our largest donation so far. But this is going to go towards me being able to pay someone to do more research for you guys for our free public. A theorem, a monthly update episode. Now one of the busiest daps who has been working hard in the off fear and community. This was some research from sentiment. All our favorites on the list here, projects that I really love. Aragón is one that Tim Draper invested a million dollars in recently. I’ll give you a bit of a tip. As members know, this is one that I added to my portfolio a couple of months ago and has performed extremely well. A MRGO. They’ve had a bit of a comeback recently, which is great to see. Sentiment also put out a research piece for paid members only. Now, obviously I subscribe to a range of pay research and I can’t share it all for free. That wouldn’t be fair, but a Macie go was top of the list on the projects that they are most bullish on from all their fundamental research. So if you want that, we do have some links and some discounts for everyone, for the public. And again, members, you guys get bigger discounts with all our affiliates Coinbase who invested a million dollars in pull together the De-centralized Lottery. I’ve done a tutorial on that. It’s very cool. There’s no losers because of the way the DFI works and Eudy swap as well. So Coinbase are definitely going to be looking to integrate more and more of these projects. And their app is going to have ways for people to earn rewards without even knowing that they’re using crypto theorem. The dice table coin, for example, and that is where the next wave of people come into the crypto world. Shapeshift have enabled customers to buy with crypto debit cards as well. Sorry, by crypto with your debit card, it’s never been easy to buy crypto. And I’ll talk about in a second how my thesis on how the next bull market is going to play out. Australian crypto exchange coin spot of one this ISO security accreditation. So this is basically one of the top standards in the world for securing digital systems in crypto. Basically saying that, yes, their cold storage methods, how they do everything, setting it up and off line, their crypto is is very safe. So awesome to say. Obviously, if you know how to set up your own hardware device, that is safer, but we’re getting more and more of these, I guess, practices and standards in place. So hacks are going to be less likely in future and coin spot. You guys know that we do work with them. We like them. They recently put out those D5 bandos, a great Aussie exchange. Right. REPL have engineered a way for private transactions to take place on X up a ledger. Again, I’m not sure how that’s going to work. REPL to me is someone that wants to really comply with all financial regulations and at the moment regulators aren’t real crash hot on privacy. So hopefully we get more details about that. Sam and I will talk about that when we next get together. It’s cool to see privacy basically coming to all the top three assets now. Bitcoin, a cerium ex-hubby, also a nuther Costa custody firm, Anchorage Trust Company. These guys are one of the original members of Libra as well. Adding LSP to their list of cust. The assets for their institutional clients and finance have been moving and shaking. And it’s these sort of downtimes in the market where we see a lot of acquisitions happen, 400 million dollars for quite a market cap. Look, I think that’s a lot of money. I think quite market cap is slightly less reville relevant than it was back in 2017 when retail investors were checking coie market cap one hundred times a day. But I think finance knows that it gets a lot of eyeballs and actually more traffic than the Bonanni Web site. So hopefully they do the right thing and they don’t end up fudging numbers. And what not depends on how much you trust Bonanni. I guess they have partnered up with FDX who have a volume monitor that calls out all the B.S.. So yeah, hopefully they’re going to work together and we get some more accurate numbers from quite market cap. A lot of people have asked about alternatives. KOIN GEKO is probably the leading alternative to Koine Market Cap. There’s heaps of them out there these days that actually have more digital assets as well. So KOIN Gecko if you’re interested, or Missouri is the other one I like the bitcoin cash halving is actually in three days. In eight hours now. So what’s that? It’s going to be about 1 a.m. Australian time in a couple of days on late Wednesday night. I think this is going to be a bit of a preview. We will see some fireworks. Whales love to splash around in these other markets. We saw what happened with Litecoin. I’ve done a lot of write ups for members around Bitcoin cash. I did that free video for all you guys about how I see their bitcoin cash hardfor actually affecting the bitcoin hard fork. I believe that bitcoin s.u.v. Hard Fork is the day after this as well. The other thing that a bornand are getting into is by the looks of it now is mining. So mining is going to become less profitable after the halving. I think we’re kind of seeing this real corporatisation of the mining world where those firms with a lot of money, you know, becoming the winners and we’re sifting out those that are unprofitable. So has rights been dropping a bit? I still think the network’s strong. And as soon as we get into a bull market, I think we gonna see far higher prices. And all those miners that have dropped off are going to be profitable and they’re probably going to jump back in. But bonnets have just got a finger in every pie at the moment. All right. So some more research sentiment. They’ve had they have shown us that active addresses continue to climb on Bitcoin and theorem. Despite all this bad news, we are definitely heading in the right direction. It’s very different to that crypto winter in terms than numbers. We’re seeing bitcoin exchanges reporting record amounts of new users this month. So this is only from a few days ago and crack in reporting these huge increases in doubling for some exchanges. So I know a lot of people are at home and Googling what’s going on in the financial world. And some investors are taking Bitcoin far more seriously than they used to because of what’s going on with all the trillions being printed. Our brave browser, a million new users this month alone. If you haven’t got brave, download it. It blocks all the ads. It’s absolutely brilliant. And you can import or you’re bookmarks from Google Chrome. Vitaly has come out and said that he expects a lot of enterprise applications to move to the thearea main net because it’s a great way to disrupt how some of these other trading platforms work. And I completely agree with him. So this is an article by Banquo’s just saying that theorems going to a Wall Street, that whole settlement layer, that’s just software, but software that has a company behind it and exacts and all these people want to make a clip in a fee and it takes time. All these. Be replaced by cerium and it’s already happening. This is a cool little project called Balance. This is a non-custodial portfolio manager, so they can help you balance and create a portfolio on the ethereal minor. Using things like, you know, Yuni Swap and market makers and whatnot. So it’s already here. The technology is just a matter of now. How long does it take to eat? Wall Street’s lunch and capture market share? I am J. We’re very touched on them recently being one of the projects that’s in the top 10 for development on a theorem. But this is a cool little article about everything I’ve learnt from version 1 of on the test net. So Ruxton is one of the theorem test nets where you can play around on and they’ve partnered up with a company. Where was the name of it here? Let’s go back to their blog, Hojo Labs. So they’ve chosen O-M-G for their high throughput transactions. I definitely think that RJ fell out of favor and soda plasma as a scaling solution. But some project hydro crypto currency system. Head over to the MASC Go blog and I have rebooked that interview with the MASC Go team to have them on the channel for good chat very soon. CRM 2.0, the new chain phase. Your multi-client test net likely to go live this month. So it’s all coming together. Metallics been doing some big picture roadmap stuff as well as the move to prove state that’s going to be happening soon. And the older theorem chain that we’re on now is going to continue to be updated. What’s the Theorem 2.0 video I did if for more information on that? We’ve seen this theorem, Enterprise Alliance launched that that test ground for all these different blockchains being interoperable, particularly for the corporate world. And that’s the whole point of the theorem Enterprise Alliance. And we’ve seen so many businesses come there and really trust the ethereal name, its track record and the projects in the technology building on them. Ernst and Young even open sourcing some of their privacy technology, fourth area. So into the final parts of the bitcoin use here we’ve got reveler, which is a huge company only learned about recently, where you can sit in any different fiat currency around the world and move money and it’s very, very low fee if not free. So they’ve rolled out crypto and gold holdings. So much competition. So I talk about the pay powers and the stripes and a lot of competition with all the stable coins to something like LSP. But now we’re seeing these other companies going the other way and getting into crypto and letting their customers pay a bill from the U.S. to Australia by moving bitcoin first and then paying in the currency. Or I just love what is happening, that the banks are getting a massive, massive shake up. And it’s about time the ex royal meat team are providing security for Civic crypto wallets. Once again, FDIC insured. So there’s no excuse anymore for people to say, I don’t know how to set up an account or, you know, I just don’t want to manage it myself. Big, big investors have these trusted, familiar ways and even mobile wallets now that they can get insurance on. So it’s just awesome to watch this happen. And someone like Emily Diosa. Emily, if you’re watching, if you’re friends with Emily, tell her I say gidday. She is the the head of the Australian Taxpayers Alliance. And she came out and said, look, I bought my first bitcoin today. So it’s these professionals from a completely different world who are waking up to bitcoin today. So I just love it. Six thousand likes and plenty read tweets. She couldn’t have imagined the Bitcoin community getting around her. This is the good side of the Bitcoin community. You know, I hate the toxic stuff, the maximalism. The more people we can welcomed with open arms and respect others opinions. The faster this is going to happen. More people are going to come into this space and that is going to push bitcoin off and get rid of those those banks that are fleecing everyone. Finally, if you haven’t listened to this podcast, it was one of pump’s. So it’s on YouTube and he’s off the chain podcast. This is with Shamas Polly Happy TR. So he’s a billionaire. He is the CEO of a venture capital firm, Social Capital. He’s done extremely well. He’s an early adopter, but he’s just so bullish on Bitcoin. He wants the other he said he’s been buying more lately, but everything that Bitcoin was designed for, he’s happening trillions of dollars. You can’t make this stuff up. Negative views. Banks failing. We saw more withdrawal limits in places like Egypt this week. It is just the perfect, perfect recipe for Bitcoin to go up now in the short term. I know it’s been painful. This is what I’m watching now. Last week we did have another falling wedge playing out. Sure enough, once that did break down, we got a decent trade there, but it got bought up. And I think that shows that there’s a natural buying pressure that’s picking up. My theory was that we got down this low because the cascade and the liquidations of BMX, I don’t think that this was fair value and it didn’t even get down this low on some other exchanges. So you are very lucky to pick Bitcoin up under $4000. That the thing that was different from this rising wedge to what we’re watching now is, you know, during the top, we didn’t really see much buying activity from the bulls. Now, that’s kind of changed a bit lately. And I think we do have a. Better chance of breaking up rather than down. See, as we get towards the top of the wedge here, we’ve actually got bullish volume increasing. So I still think it’s it’s a bit of a 50/50 at the moment. Only experienced traders should be trading this. You know, it wouldn’t surprise me to see another fight break down and then whipsaw higher. We’ve had some big whipsaw is up. And we know that this is the the weekly resistance that I’ve got marked on here, the three lines. So we do have that resistance overhead once we get through there. If we can come back and retest it, I just think that that sets up a very, very strong launch ramp, as the Harvey is now only, you know, thirty five, thirty six days away, something like that. So how painful has it been, guys, since we got this teaser, this huge rip up to forty thousand dollars and we’ve gone all the way back down to three, but really in the grand scheme of things, let’s just finish off by looking at a bail X on that really long term time frame. Let’s go on that long shot there. Nothing much has changed. I know it looks and feels like this is really horrible, but, you know, in a few years time when hopefully we are somewhere right up here. No one’s going to remember this week and this cycle is going to look very, very similar to previous cycles in terms of our altcoins. Let’s just finish off on eigth here. This has all been really healthy. Still big picture stuff. Eith tends to be a good barometer for altcoins if we’d go from the bottom here to the top. We’ve had a perfect retracement into that sixty one point eight Fibonacci there. So this is what I want to hold. Nice weeks and buy here if we can hold that. I think that gives us a great chance for altcoins to really be strong performance here. But lately it’s been all about bitcoin. All eyes, the new money. That’s where it’s going to go. There’s a lot of interest in DFI as well. But I think we need bitcoin to make a really positive, decisive move and then we can let these other projects play out. So, guys, there’s plenty happening there. Don’t forget to get your friends over to our free education. If you want more, we’ve got our premium community. It’s absolutely awesome to see that you guys are respecting each other. The conversations in there, it’s been fantastic. So I hope you’ve enjoyed that video as always, guys. Place it there like bundes. Subscribe to an already. Share these around and I’ll talk to you again soon. Geez.

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Bitcoin, Cryptocurrency, Finance & Global News – April 5th 2020

VIDEO TRANSCRIPT

Hi, guys. Thanks, Virginia. Another set of Nuggets news. Well, another huge Newsweek we’ve got so much of that macro news to get through as well as all the crypto headlines. We do welcome a couple of thousand new subscribers again this week. It’s great to see the channel growing. And I know plenty of you introducing your friends and family into this world and learning for the first time. So just reminder, we’ve got a range of free resources. I know we often use all these different terms. So we’ve got a glossary as well as in-depth guides on everything over on our Web site. And we’re building out that resources hub every day. We’ve also got our premium community. We get all our extra research in my daily write-ups and you get to be part of our discussions that we have every day around everything from what’s going on in the world finance and swallows everything in the crypto community. So that’s available as well. Here’s a sample of our premium research. These are the five projects that we covered in depth this month and you get all these reports emailed to you as well as daily emails to keep up to date as well. All right. So let’s get into the local news. And I want to, I guess, start off by saying that this is a huge positive, that the curve has flattened to some degree in Australia. But it’s really important that we don’t celebrate too early. And what I really want to highlight to people today is the curve of these unknown local infections is still growing exponentially. So we might have had that first wave of all the people returning from overseas. And now, because we didn’t go into a really strict lockdown for weeks, we had a lot of, you know, hairdressers, schools, this, that and the others to open it was allowed to spread through the community. And this is what is really troubling. This is just New South Wales and this is growing at 10 per cent a day. So that is what we need to get on top of. If that starts to flatten out, then we can certainly start to be more positive about the future. So more than 400 cases have been confirmed just from the Ruby Princess cruise ship alone. This week we had the leaked emails coming out that the New South Wales health authorities, they knew that those 100 passengers on board that were symptomatic, but they decided to let everyone off anyway. So I’m sure some heads are going to roll there, but hopefully this doesn’t get worse, because if it all comes back to what happened here and the failures of the authorities. That is a really, really bad look. Now, other countries like Singapore have got it under control, but even they are experiencing a bit of a second wave. China have had some outbreaks. You know, we don’t really believe the numbers coming out there. But other countries that people were saying, oh, look at what they’ve done. Even they are having to go back into more stricter measures. So it’s not like once that curve flattens, you just past the worst of it. Really important to understand. Now, I certainly do agree with people that are saying that some of the measures that have gone and been put in place are often, you know, quietly have gone too far. So we’ve got everything from police drones now monitoring people, big fines and arrests. I do think everyone does need to adhere to these social distancing and the quarantines for the time being. If they get too extreme when everything is going really well, then, yes, we’ll start to ask questions. And even the Australian police have said that they will repeal some of these new laws and rules and what not. So that’s a positive sign. But do we really need to be doing this? Cell phone tracking this week, Google and Facebook started handing over all our tracking data to authorities. And this really is becoming that surveillance state spy cameras and public doxing and whatnot. So, Alex gladstein, humans rights activists, we are going to have him on the channel soon. But this is the questions. And I understand why people have got all these different theories, because what is going on and how sudden it’s all happened is actually pretty scary. So now it becomes about supporting people financially if we’re telling them that they’re not allowed to go to work and what not. And I was critical that Australia weren’t doing enough soon enough. And this week we got to, you know, a lot more stimulus. So this is far bigger than anything back in the GFC. This is equivalent to 10 per cent of our GDP, our economy. But now we need to make sure that it gets into the hands in the pockets of those that need it most. And this is where we start to have these arguments about, well, is this like QE in America that it just went to the banks versus how much is actually getting to people. So we’re very quick to bail out these airlines. You know, $5.6 billion. Our Australian taxpayers going to be happy with this or should they get a share? You know, if we’re gonna bail out these companies, why shouldn’t we get, you know, equity in these companies so that when they get back up and running and profiting, we are the ones that benefit. It’s not just back to the old big corporate exact bonuses and, you know, huge dividends and whatnot. You’ve already privatized all those profits and. And once again, socializing those losses. Now, not everyone is fitting the criteria. So really unfortunate where we have a lot of what you would consider Ozzies people from overseas that have lived here for a while. And the Prime Minister’s told visitors and what not to sort of make your way home. Now, some people that move here, they need to say that they’ve got enough to support themselves in case these things happened. But I know we’re hearing a lot of stories of people that don’t qualify for some of these support bonuses that are pretty much Ozzies, by every way. We do look at it. So let me know those stories down below when you think about all this as well. Now, the banks have said they’re going to give a one time mortgage payment break to some of the mortgage holders. If you actually dig down a bit deeper, I think this was the equivalent of something like 40 or $50. Because if you delay these loans and these breaks you want not they all still accrue interest. So this is the headline that banks put out because they want to get all the good publicity. But you know, it really in the grand scheme of things, they’re not really doing you any favors at all. It’s always going to be a profit for them. Now, overseas, we’ve seen some of the banks be forced and told to cut their dividends and to cut bonuses and even salaries and whatnot. So you don’t touch the dividends in Australia. You know, that’s you know, that’s sacred to a lot of investors, particularly around the banks and property in that as well. So at the moment, offer a saying that bank dividends could be an issue for boards and there’s going to be some very tough decisions there. So let’s see if Australia follows suit after other countries set the rules and set a tone to say no more dividends if you’re going to be getting these bailouts. Now, superannuation funds are pleading for liquidity and support. So it’s this term liquidity that’s really frustrating me. It’s a bailout. If something was worth a certain price, there’d be another investor that was willing to buy. But because we’ve pumped everything up with all this funny money, as soon as something starts to go down, there’s people that want to redeem their investment funds or their super or whatnot. And there’s just there’s no buyers at any price. And now they’re saying, oh, please bail us out as well. So what ends and what means do we go to the central banks, go to the governments, go to hopefully people are getting educated around all this stuff because I just think it’s going to bring about a lot of political change and hopefully a new financial system as well. David Lindsay, we’re talking about triple A property only ever goes up. And we heard all those Australian terms, but now property investors want their version of the job caper. You know, if you bought 10 investment properties and you leveraged up what not, as soon as there’s no tenant, you can’t just cry poor. And these people that have got no assets and no job and they can’t afford the roof of the house. They’re the ones that need to be getting that first set of stimulus. So, yeah, these investors that have got all these properties that are crying poor, hopefully they can freeze their payments, you know. But we just can’t bail out everyone, particularly the wealthy that have all these assets. You know, investing is risky. Now, it’s funny that Australian BET company Betfair actually put out a combination of the two things that Aussies love, property and gambling. So you can actually bet on the housing market. And the reason I thought this was actually quite funny, because it’s it’s hard to short the Australian property market, even some of the investment products compared to in America and some, you know, the apps like a and that we don’t have good ways to short the housing market in Australia. So if you were to sell your property and there’s no buyers and there’s less auctions in that system in a liquid market using an app and actually betting could be a good way to hedge your investment from from going down. And it’s crazy to think that that’s kind of what it’s come to in Australia. And maybe that’s why Betfair have got into this market was they see a lot of demands. Now, another asset or commodity that’s really important to Australia, all our gold and silver and other resources. A hundred seventy six mines globally being shut down. So this is going to affect the streams of precious metals. We’ve spoken about the shortages in Australia and around the world really to get physical metal when these premiums. So I did a video last week, a week before about Hakan Arbitrages this opportunity. And this shows it really well. This is the price of a silver coin as well as the spot price of silver. And they only track pretty closely. But when the price of silver tanked and went down, the premiums actually went up. And you can see the percentage premium here just behind me. It jumped from, you know, 10 or 20 per cent. That’s normally how much extra you’d pay, jumped up to 80 per cent or still sitting between 50 per cent and 100 per cent now. So these 12 dollar silver price, you know, you’re actually paying $24 double. For a coin so you can exploit that using E Tauro buying the ETF gold, watch that tutorial if you want more information about it. And we’re still running that deal. It’s been very popular. We have extended it because so many of you have taken us up on this one hundred dollar free Bitcoin offer, because the reason we partnered with these guys is because you can short the Australian stock market very easily. You know, gold and silver bonds, investment bonds, junk bonds, all these products that you can trade very easily, which aren’t normally available to Australian investors and traders. Now, a bit of a positive here from the fall in oil price. Ninety nine cents per litre in Tazzy. That’s as lows as I’ve seen it since I was a kid. And plenty of you told me that it’s far lower in other states. So the lows we saw yesterday was 49 cents a litre. I think that was in Adelaide, but really amazing. So in Tazzy, the average price was still nearly a dollar. Sixty a litre wholesale cost 90 cents per litre. So, yeah, there’s big margins there. It was great that one little petrol station owner sacrificed his profit. He felt sorry for a man that’s lost jobs. Yeah, there are still good people out there. That’s a lot of these petrol places are ripping you off. Our fellows. You want to trade oil. U.S.O. is the ETF that you can trade on a Tauro for zero fees. All right. So Putin and Saudi Arabia, we’ve still got this tension that’s keeping the price of oil low. And Putin really plays everything like chess, you know, turning it between the Saudis and the US, trying to crush US shale. That whiteboard video, hopefully it’s coming out this week and then explain all that in great detail. And who would’ve thought of negative oil prices? So there’s lots of different types of oil or grades of oil, depending on how much refining it needs and blending and whatnot. And one type here. seÃor the price actually turn negative. They’ve got so much it’s going to cost them actually so much to store that they’d rather give it away or even pay people to take it off their hands. You know, if you had told someone negative oil prices would exist, they wouldn’t believe you. But that’s just the upside down world of investing we live in these days. This is the change in high yield credit spreads. So normally we’ve got these, you know, US Treasury bonds very safe, then corporate’s and then high yield risky bonds. And I did the video. I might link that down below about how this spreads really compressed and you weren’t getting paid much extra to take a heat, more risk. Well, that’s all blown out again now. And energy sector in particular, it’s jumped fifteen hundred basis points, so 15 per cent. So suddenly junk bonds that were maybe, you know, four or five per cent the yield on a junk bond. Now it’s 20 per cent. It’s so, so risky. And as $171 billion of those in a higher risk of default. So let’s have a look here. This article saying that could start to attract the big investors back in because those youths are so high, particularly when you compare it to an S&P or other stockmarket earnings and what not actually saw this article saying it could attract people back into the stock market because stock prices have now fallen so far that relatively that yield is now attractive. So, again, less people actually having to chase those junk bonds to get a good yield because stock prices have fallen so far. But the Fed, once again, they swoop in and say, well, we’ll just buy it. We’ll just buy these investment grade bonds were buying us treasury bonds. And sure enough, the investment grade bonds that all these companies issued, they said, well, if you’re going to buy all these, then we’ll issue them and you see this huge spike. So $270 billion of investment grade bonds were issued because they companies know the Fed is going to bail them out and give them free money. Don’t fight the Fed. And this was something that I mentioned. If you’ll get us short junk bonds or whatever, you have to be aware that this was the possibility. I think David mentioned this last week that it was likely we’d see the Fed come in and buy these. And sure enough, if you were shorting this, well, you know, the Fed basically wrecked you because your thesis was right, your research was right. But the Fed came in. There’s no such thing as a free market and they’re just buying things that should be going broke. So you should’ve made money if you were shorting, but maybe you got stopped out. We did see a short squeeze there. Now, the Fed of also had to step in because foreigners are dumping a record amount of US treasuries over $100 billion there. They’ve launched these repo facilities because they’re giving the Australian Central Bank US dollars. But so many investors are demanding US dollars around the world. All these different countries are just watching, you know, the Aussie dollar or whatever their local currency is. So they want US dollars and there’s not enough in the world. I did a long video about that on Friday night. If you want more information, but in dollar terms, Q1 of this year has seen a record amount of fallen angels, as they call it. So these investment grade bonds have been downgraded to high yields, around 150 billion dollars. So this is the sort of junk bond market that’s around a trillion dollars. And that’s where people are wondering, you know, is the Fed going to go there next and stop buying junk? Now, some of these companies that were issuing the junk were all these oil drillers. And this is what frustrates me, like we’re talking about before with the airlines getting the bailed out after they’ve had all those buybacks and huge bonuses. Five days before this shale or exploration company went bust, the exacts paid themselves 15 million dollars in bonuses and now they won’t be bailed out. So you guys, hopefully you are enjoying all this investing education if you do want to structure your own super and long term investments. We’ve got that partnership with New Brighton Capital. They’ve got a free consultation. Take advantage of that. Mike’s going to be on the show this week. We did try to record it last week, but the Australian Internet was a bit strange. We’re gonna be talking about how you can take out some money from your super. How that works, whether or not you should even do it. Is that a good idea? So, yeah, New Brighton Capital, a great friend of the channel and members. You guys get an even bigger discount as well. Now, let’s talk about the actual case numbers here. 1.2 million. The death ratio has increased, but we know that’s because we’ve got so many people that are just not being tested. Now, it’s kind of overwhelming the system. So, look, that’s not the actual fatality rate of the disease. Hopefully we’re going to have far more rapid or widespread testing in the coming weeks as we have those new formulation tests being rolled out. But either way, we have to admit that globally, you know, this is still growing cases and deaths on a logarithmic scale. So there’s no real reason to celebrate yet. You know, this can still run through countries, developing nations. And Sweden was another one where people were saying, oh, look, you know, they’re being really sensible. They haven’t gone into lockdown. And sure enough, I think that they’ve got more deaths than a lot of these other neighboring countries combined. So they’ve had to bite the bullet and go into lockdown now. India are actually trying to sue China for, you know, Corona virus, what it’s done to their economy and whatnot. This is a country that I’m really worried about where social distancing is basically impossible. So fingers crossed for those developing nations. A very harsh approach by the Philippines leader here ordering police to shoot, shoot dead, anyone that’s violating that, the lockdown orders there. So, again, human rights really being trampled with everything that’s going on. But these tensions between the US and China is where the trade walkin’ far up again. So half a million Chinese people entered America over those recent couple of months. And that’s probably how we had a really widespread throughout the community. COVA cases before they even started testing in America. Now, a lot of people were comparing these different stats and saying, you know, the flu kills this many people a year and what not. But it’s very clear now Cauvin, 19, is the third leading cause of death in the US now that we’re actually breaking it down into per day. Now, that’s up to 13:00 today. Time recording. If it keeps growing at 10 percent a day, it’s probably gonna be the leading cause of death by the end of next week. It’s just insane and people are still comparing it to other diseases in other countries around the world, hunger and things like that. But guys, this is a disease that needs a lot of care and attention. It strains the hospitals. It’s contagious. It’s spreading and 10 percent a day. You know, it’s not fair to make these other comparisons. It’s a bit of a stretch. This is something that we can prevent and get on top of. Within a few weeks, if we all come together and do it well, we don’t want to be the leading cause of deaths in every country if it’s preventable. So Donald Trump has definitely changed his tune. This week, he’s actually come out and said that he won’t be wearing a face mask, even though the CDC actually backflipped and said that they don’t wear masks. They can even make it worse. And now they’ve said, well, yeah, we recommend everyone wear masks. Funnily enough, in Australia, they’re still saying that don’t wear masks, they don’t work. So, look, some polls are saying that Donald Trump has really surged in terms of his leadership. I try and keep these videos politically neutral, but it was interesting that FDX have got the presidential election tokens ways for people to bet or trade on the outcomes of different presidents. It doesn’t look like he wants to load here, but Joe Biden has really jumped up in the polls and. Trump has fallen so at one stage. Trump was around 50, 65 percent, I think, and it struck down to about a 50/50 rating at the moment. Some of those videos coming out about Biden. He doesn’t talk well from what I’ve seen. So I’m not sure what FDX isn’t loading there, guys, but dumb head over there. Check out the presidential odds, if you like. Okay. So Matt, BARRIE here has come out with an interesting tweet about this personal protective equipment. And Australia has banned exporting of all this equipment back to China. But I don’t think we realize that China actually make all this. And they’re probably going to stop exporting to us if if they don’t like the games that we’re playing. The US has invoked that defense act as well, blocking the export of masks to Canada and Germany. So people have different stockpiles. A lot of manufacturers have now started making cotton mask, 3D printed masks. It’s great to see these other businesses that are really pivoting ventilators and that as well to really give the healthcare workers what they need in this time. A lot of research going on. Forty nine diagnostic tests, 30 different treatments in clinical trials are five vaccines. The world has really focused all the smartest minds on this problem. And I’m really hopeful that we’re going to have some solutions. And as you throw mice in combination with the hydroxy chloroquine and zinc as well, that looks pretty promising. So compared to where we were two weeks ago, I certainly think there’s reasons to be positive. But we’ve just got to flatten that worldwide, spread that curve next. So the US labour market is in freefall, 10 million Americans filed in two weeks. You guys know that our predicted unemployment would likely hit 10 per cent in the next two weeks. And it looks like we’re gonna be pretty on the ball with that number. We won’t get the Australian stats for a couple of weeks because they take their time compared to the US, but simply jaw jaw dropping numbers, 3 million last week blew everyone away and now 6.6 million. This week we’re seeing these lines. I mean, what do you say? There’s these people lining up in their cars for five hours at a time and then food banks was still running out. People live paycheck to paycheck. I think the studies, 70 per cent of Americans don’t have $400 for emergency. And now this is the emergency. People can’t eat. I hope that they do their best to get that money in the hands of the American people. We’re hearing horror stories like this might take, you know, weeks or months to get it through this system. So I hope they sort that out the same in Australia with the Centrelink lines. Great to see someone like Jeff Bezos donating $100 million to help feed Americans. I don’t know about you guys, but it frustrates me when people say, oh, he’s worth X billion dollars. This is only point one percent. One hundred million dollars is $100 million. If he didn’t give that, now that’s a huge amount of people that might not be getting fed and whatnot. So you just realize when people are wealthy, they have that wealth tied up in a lot of assets. They can’t just sell at all. And sometimes the numbers are twisted to speak. Tankful $100 million is doing a lot more than most people out there like US box office sales. This is a fantastic example of the reality for so many businesses. 204 million dollars of sales on the same week last year dropped to $5000. So basically every cinema is shut. Is this an industry that’s going to bounce back once more and more people, you know, get familiar with their Netflix and all the different options you have these days? The home cinema is I think going to movies is still an experience for, you know, a big box office smash movie. But there’s going to be a lot of changes that come about from what’s going on. Small businesses, again, a lot of these people are now learning that they are not eligible for these bailout loans in Australia. I know the measures that we’ve put in place. Some businesses don’t have enough money to pay the wages to the staff or a few weeks, even if they know the government is eventually going to pay them back in and backdate it. So we’re running into these issues in the real world. And that’s where I really hope that we can sort those out and and have these discussions, because it’s not a perfect system. And I know they’re scrambling to do everything they can in a short period of time. This is another one where tensions are flaring between the landlords. We’ve just seen a lot of businesses say refusing to pay rent, and that puts a strain on the landlord. A lot of those are investors. Some of these people have now gone to banks and the banks themselves, like Wells Fargo, is scaling back on their different refinancing. So at the end of the day, even though, you know, the Fed or the RBA in Australia sort of printed this money and made it available. To the banks to give out loans, the banks still don’t want to give out bad loans. So we’ve heard stories in Australia of mortgage customers go into the bank and trying to refinance or even apply for that six month freeze. The bank says, well, you’re going to have your job back at the end of the six months. And they say, well, you know, I don’t know. And they say, well, sorry, we’re not going to refinance or freezing line. We’re not confident you can pay this back at the end of this period of time. So some of those stats I’ve read were anywhere between 30 and 50 percent of loans being rejected. So I’m sure the government is going to have to do something to make it directly available, because that is going to bring down the housing market. The corporate property market as well. Those are the leases and whatnot. There’s a lot of chapters of this story to play out yet. I guess that’s the message that I want to get across. And a few days after the Fed came out and told us that all U.S. banks are strong, there’s going to be no failures. We’ve seen the first bank go under. So this was an FDIC insured bank. We know they don’t actually have enough money to insure all deposits on all banks. If we saw, you know, a wide collapse, but the Fed began to print money to oblivion, to infinity before they actually allow these banks to collapse. So I don’t think the banking system collapse is now the main worry. I think it’s the the inflation that’s going to come from printing so much money down the line. Goldman have warned of the significant adverse impacts on stocks. It was basically buybacks that that kept that stock market roaring and then a retail sort of blow off top towards the end here. And we’re seeing massive, massive numbers in terms of the corporate that won’t be there. So we’re talking, you know, billions or trillions of dollars of buybacks that aren’t going to be propping up stocks anymore. So the world’s largest hedge fund might have to sell their assets. Now, this is Norway. They’ve got a 25 billion dollar withdrawal that they need to make in order to pay some of their bills. So a trillion dollars neily of assets under management. These are the, you know, the Swain’s and what not. Some of these guys have been printing money out of thin air to buy stocks. But the difference here is that the U.S. can continue to do that without, you know, their dollar sort of plunging. They can print money and prop up stocks and assets, whereas someone like like Norway. Other countries around the world, they can’t necessarily just just keep printing money to prop up these other assets because their currency is far more likely to enter this death spiral around the world. And that’s where the U.S. dollar having this privilege is upsetting people and is leading to a new financial system. Again, I spoke about any more detail on the Friday night video. Warren Buffet, watch what they do, not what they say. So not that long ago, only a few weeks when Warren Buffet said he won’t be selling any airline stocks. And just this week, we saw the numbers in where Berkshire Hathaway, his fund, have sold out. A lot of us companies, including airlines there. So whether or not he says all that’s my fund or me personally, why put this mission message out in public and portray that you’re not going to be selling airlines if you turn around and sell airlines? Now, these are the forecasts that are coming out from some of the leading analysts in the banks, Morgan Stanley here. And this is what we kind of, I think, still expecting a lot of ways that people are going to see this V-shaped recovery, that it’s going to get bad. Grew GDP might go down 4 per cent, 5 per cent for a quarter. Then we can have a huge rebound because all this demand is going to be there. But I don’t see that as the case. I see maybe a U-shaped bottom, possibly an L or a slow grind higher. But these systemic issues that have come to the front, I think they need to be solved and people like it by the B.S. that was going on and all the funny money that led to the bubble and caused all these issues. All right. So we’re into the crypto news. We’ve had a number of companies slapped with this lawsuit. So this happened a little while ago now yesterday. And the market didn’t really react badly. So I don’t think that this is something to be worried about. You know, it’s the usual stuff. A lot of these allegations are thrown around and it just takes so long. They’re going to be delayed, pushed back. How do you get all these companies in the one room from Kilcoyne to Tron to iOS and BLOCK, one of Verde had one settlement there. So, look, I don’t think this is anything to be too worried about at the moment. But yeah, there’s always investors trying to sue exchanges and projects and whatnot. These days, it’s part of the crypto community. Some positive news. Once again, power ledger. They continue to power forward, pardon the pun. But every week throughout crypto winter, they’ve had good news. And this is the world. First, so choose your own energy source in France so you can actually choose your allocation. Whether or not you want to get your power from solar or wind, they might have a different price. But, you know, you might be happy to pay another cent or two per kilowatt hour if you know that it’s coming from wind instead of coal or a different energy source, for example, or supporting a local wind farm and local jobs. Either way, I just think that the decentralization of the energy grid and being able to do this kind of stuff through software. It’s a really bullish investment theme with everything that’s going on in the world at the moment. Another local company, Horizon State, have put out their update. The takeover by a team, Goggin and the guys sees the new CEO of Horizons to the state talking about what’s going on there. Their aims, how he first got involved and the benefits of the platform. Had had bit of a re-jigger on the website just to give customers an idea about the services that they’re going to be offering and what not. And still, the hope is to use the blockchain or honor token holders in some way. I know they sort of haven’t forgotten about the community and those that really supported them in the early days. They’re synthetics. Another one of my favorite Aussie projects. These guys have added some more equity indices. So the idea here eventually and the reason that I fell in love with this company is that you’re going to be able to trade indexes. At the moment, they’ve got the footsie and the Nicci eventually. Hopefully it will be the Australian stock market. The US markets, they’ve also looking to add oil, I believe, very soon. So they work with chainlink to get price feeds. Then they create these synthetic assets and it’s almost like a decentralized broker or trading platform. So at the moment there’s not a lot of liquidity there and it’s still a little bit, you know, hard for the beginning user. You need to understand mega-mosque and all that is going to get easier as we go forward. And it’s very exciting to see this is a sort of stuff that’s going to underpin the crypto markets and the world of DFI is exploding. We do have a bitcoin grant. So if you guys don’t know how these worked. Basically, if you donate a dollar to our grant, it’ll be matched by the smart contract anywhere up to $100 in some instances. So you send us a dollar if you’ve got to get going to account or anyone can donate and you you might end up sending over 100 dollars our way. So at the moment, I think we’ve raised a couple of hundred dollars thanks to. They donated our largest donation so far. But this is going to go towards me being able to pay someone to do more research for you guys for our free public. A theorem, a monthly update episode. Now one of the busiest daps who has been working hard in the off fear and community. This was some research from sentiment. All our favorites on the list here, projects that I really love. Aragón is one that Tim Draper invested a million dollars in recently. I’ll give you a bit of a tip. As members know, this is one that I added to my portfolio a couple of months ago and has performed extremely well. A MRGO. They’ve had a bit of a comeback recently, which is great to see. Sentiment also put out a research piece for paid members only. Now, obviously I subscribe to a range of pay research and I can’t share it all for free. That wouldn’t be fair, but a Macie go was top of the list on the projects that they are most bullish on from all their fundamental research. So if you want that, we do have some links and some discounts for everyone, for the public. And again, members, you guys get bigger discounts with all our affiliates Coinbase who invested a million dollars in pull together the De-centralized Lottery. I’ve done a tutorial on that. It’s very cool. There’s no losers because of the way the DFI works and Eudy swap as well. So Coinbase are definitely going to be looking to integrate more and more of these projects. And their app is going to have ways for people to earn rewards without even knowing that they’re using crypto theorem. The dice table coin, for example, and that is where the next wave of people come into the crypto world. Shapeshift have enabled customers to buy with crypto debit cards as well. Sorry, by crypto with your debit card, it’s never been easy to buy crypto. And I’ll talk about in a second how my thesis on how the next bull market is going to play out. Australian crypto exchange coin spot of one this ISO security accreditation. So this is basically one of the top standards in the world for securing digital systems in crypto. Basically saying that, yes, their cold storage methods, how they do everything, setting it up and off line, their crypto is is very safe. So awesome to say. Obviously, if you know how to set up your own hardware device, that is safer, but we’re getting more and more of these, I guess, practices and standards in place. So hacks are going to be less likely in future and coin spot. You guys know that we do work with them. We like them. They recently put out those D5 bandos, a great Aussie exchange. Right. REPL have engineered a way for private transactions to take place on X up a ledger. Again, I’m not sure how that’s going to work. REPL to me is someone that wants to really comply with all financial regulations and at the moment regulators aren’t real crash hot on privacy. So hopefully we get more details about that. Sam and I will talk about that when we next get together. It’s cool to see privacy basically coming to all the top three assets now. Bitcoin, a cerium ex-hubby, also a nuther Costa custody firm, Anchorage Trust Company. These guys are one of the original members of Libra as well. Adding LSP to their list of cust. The assets for their institutional clients and finance have been moving and shaking. And it’s these sort of downtimes in the market where we see a lot of acquisitions happen, 400 million dollars for quite a market cap. Look, I think that’s a lot of money. I think quite market cap is slightly less reville relevant than it was back in 2017 when retail investors were checking coie market cap one hundred times a day. But I think finance knows that it gets a lot of eyeballs and actually more traffic than the Bonanni Web site. So hopefully they do the right thing and they don’t end up fudging numbers. And what not depends on how much you trust Bonanni. I guess they have partnered up with FDX who have a volume monitor that calls out all the B.S.. So yeah, hopefully they’re going to work together and we get some more accurate numbers from quite market cap. A lot of people have asked about alternatives. KOIN GEKO is probably the leading alternative to Koine Market Cap. There’s heaps of them out there these days that actually have more digital assets as well. So KOIN Gecko if you’re interested, or Missouri is the other one I like the bitcoin cash halving is actually in three days. In eight hours now. So what’s that? It’s going to be about 1 a.m. Australian time in a couple of days on late Wednesday night. I think this is going to be a bit of a preview. We will see some fireworks. Whales love to splash around in these other markets. We saw what happened with Litecoin. I’ve done a lot of write ups for members around Bitcoin cash. I did that free video for all you guys about how I see their bitcoin cash hardfor actually affecting the bitcoin hard fork. I believe that bitcoin s.u.v. Hard Fork is the day after this as well. The other thing that a bornand are getting into is by the looks of it now is mining. So mining is going to become less profitable after the halving. I think we’re kind of seeing this real corporatisation of the mining world where those firms with a lot of money, you know, becoming the winners and we’re sifting out those that are unprofitable. So has rights been dropping a bit? I still think the network’s strong. And as soon as we get into a bull market, I think we gonna see far higher prices. And all those miners that have dropped off are going to be profitable and they’re probably going to jump back in. But bonnets have just got a finger in every pie at the moment. All right. So some more research sentiment. They’ve had they have shown us that active addresses continue to climb on Bitcoin and theorem. Despite all this bad news, we are definitely heading in the right direction. It’s very different to that crypto winter in terms than numbers. We’re seeing bitcoin exchanges reporting record amounts of new users this month. So this is only from a few days ago and crack in reporting these huge increases in doubling for some exchanges. So I know a lot of people are at home and Googling what’s going on in the financial world. And some investors are taking Bitcoin far more seriously than they used to because of what’s going on with all the trillions being printed. Our brave browser, a million new users this month alone. If you haven’t got brave, download it. It blocks all the ads. It’s absolutely brilliant. And you can import or you’re bookmarks from Google Chrome. Vitaly has come out and said that he expects a lot of enterprise applications to move to the thearea main net because it’s a great way to disrupt how some of these other trading platforms work. And I completely agree with him. So this is an article by Banquo’s just saying that theorems going to a Wall Street, that whole settlement layer, that’s just software, but software that has a company behind it and exacts and all these people want to make a clip in a fee and it takes time. All these. Be replaced by cerium and it’s already happening. This is a cool little project called Balance. This is a non-custodial portfolio manager, so they can help you balance and create a portfolio on the ethereal minor. Using things like, you know, Yuni Swap and market makers and whatnot. So it’s already here. The technology is just a matter of now. How long does it take to eat? Wall Street’s lunch and capture market share? I am J. We’re very touched on them recently being one of the projects that’s in the top 10 for development on a theorem. But this is a cool little article about everything I’ve learnt from version 1 of on the test net. So Ruxton is one of the theorem test nets where you can play around on and they’ve partnered up with a company. Where was the name of it here? Let’s go back to their blog, Hojo Labs. So they’ve chosen O-M-G for their high throughput transactions. I definitely think that RJ fell out of favor and soda plasma as a scaling solution. But some project hydro crypto currency system. Head over to the MASC Go blog and I have rebooked that interview with the MASC Go team to have them on the channel for good chat very soon. CRM 2.0, the new chain phase. Your multi-client test net likely to go live this month. So it’s all coming together. Metallics been doing some big picture roadmap stuff as well as the move to prove state that’s going to be happening soon. And the older theorem chain that we’re on now is going to continue to be updated. What’s the Theorem 2.0 video I did if for more information on that? We’ve seen this theorem, Enterprise Alliance launched that that test ground for all these different blockchains being interoperable, particularly for the corporate world. And that’s the whole point of the theorem Enterprise Alliance. And we’ve seen so many businesses come there and really trust the ethereal name, its track record and the projects in the technology building on them. Ernst and Young even open sourcing some of their privacy technology, fourth area. So into the final parts of the bitcoin use here we’ve got reveler, which is a huge company only learned about recently, where you can sit in any different fiat currency around the world and move money and it’s very, very low fee if not free. So they’ve rolled out crypto and gold holdings. So much competition. So I talk about the pay powers and the stripes and a lot of competition with all the stable coins to something like LSP. But now we’re seeing these other companies going the other way and getting into crypto and letting their customers pay a bill from the U.S. to Australia by moving bitcoin first and then paying in the currency. Or I just love what is happening, that the banks are getting a massive, massive shake up. And it’s about time the ex royal meat team are providing security for Civic crypto wallets. Once again, FDIC insured. So there’s no excuse anymore for people to say, I don’t know how to set up an account or, you know, I just don’t want to manage it myself. Big, big investors have these trusted, familiar ways and even mobile wallets now that they can get insurance on. So it’s just awesome to watch this happen. And someone like Emily Diosa. Emily, if you’re watching, if you’re friends with Emily, tell her I say gidday. She is the the head of the Australian Taxpayers Alliance. And she came out and said, look, I bought my first bitcoin today. So it’s these professionals from a completely different world who are waking up to bitcoin today. So I just love it. Six thousand likes and plenty read tweets. She couldn’t have imagined the Bitcoin community getting around her. This is the good side of the Bitcoin community. You know, I hate the toxic stuff, the maximalism. The more people we can welcomed with open arms and respect others opinions. The faster this is going to happen. More people are going to come into this space and that is going to push bitcoin off and get rid of those those banks that are fleecing everyone. Finally, if you haven’t listened to this podcast, it was one of pump’s. So it’s on YouTube and he’s off the chain podcast. This is with Shamas Polly Happy TR. So he’s a billionaire. He is the CEO of a venture capital firm, Social Capital. He’s done extremely well. He’s an early adopter, but he’s just so bullish on Bitcoin. He wants the other he said he’s been buying more lately, but everything that Bitcoin was designed for, he’s happening trillions of dollars. You can’t make this stuff up. Negative views. Banks failing. We saw more withdrawal limits in places like Egypt this week. It is just the perfect, perfect recipe for Bitcoin to go up now in the short term. I know it’s been painful. This is what I’m watching now. Last week we did have another falling wedge playing out. Sure enough, once that did break down, we got a decent trade there, but it got bought up. And I think that shows that there’s a natural buying pressure that’s picking up. My theory was that we got down this low because the cascade and the liquidations of BMX, I don’t think that this was fair value and it didn’t even get down this low on some other exchanges. So you are very lucky to pick Bitcoin up under $4000. That the thing that was different from this rising wedge to what we’re watching now is, you know, during the top, we didn’t really see much buying activity from the bulls. Now, that’s kind of changed a bit lately. And I think we do have a. Better chance of breaking up rather than down. See, as we get towards the top of the wedge here, we’ve actually got bullish volume increasing. So I still think it’s it’s a bit of a 50/50 at the moment. Only experienced traders should be trading this. You know, it wouldn’t surprise me to see another fight break down and then whipsaw higher. We’ve had some big whipsaw is up. And we know that this is the the weekly resistance that I’ve got marked on here, the three lines. So we do have that resistance overhead once we get through there. If we can come back and retest it, I just think that that sets up a very, very strong launch ramp, as the Harvey is now only, you know, thirty five, thirty six days away, something like that. So how painful has it been, guys, since we got this teaser, this huge rip up to forty thousand dollars and we’ve gone all the way back down to three, but really in the grand scheme of things, let’s just finish off by looking at a bail X on that really long term time frame. Let’s go on that long shot there. Nothing much has changed. I know it looks and feels like this is really horrible, but, you know, in a few years time when hopefully we are somewhere right up here. No one’s going to remember this week and this cycle is going to look very, very similar to previous cycles in terms of our altcoins. Let’s just finish off on eigth here. This has all been really healthy. Still big picture stuff. Eith tends to be a good barometer for altcoins if we’d go from the bottom here to the top. We’ve had a perfect retracement into that sixty one point eight Fibonacci there. So this is what I want to hold. Nice weeks and buy here if we can hold that. I think that gives us a great chance for altcoins to really be strong performance here. But lately it’s been all about bitcoin. All eyes, the new money. That’s where it’s going to go. There’s a lot of interest in DFI as well. But I think we need bitcoin to make a really positive, decisive move and then we can let these other projects play out. So, guys, there’s plenty happening there. Don’t forget to get your friends over to our free education. If you want more, we’ve got our premium community. It’s absolutely awesome to see that you guys are respecting each other. The conversations in there, it’s been fantastic. So I hope you’ve enjoyed that video as always, guys. Place it there like bundes. Subscribe to an already. Share these around and I’ll talk to you again soon. Geez.

source https://www.cryptosharks.net/bitcoin-finance-global-news-april-2020/

[baxtonme]

Property Co-Ownership Investor and Acquisition Investment Tax Specialists TLK Partners Sydney

Choosing the Right Co-Owner for an Investment Property

A co-ownership approach to buying a property is becoming increasingly popular, especially among younger Australians unable to find enough capital to make the leap into investment property alone. However, Matthew Mousa, from financial planning and acquisition firm TLK Partners in New South Wales has warned that as much care must go into choosing the right co-owner as goes into choosing the property in the first place.

Shared ownership is common (and often successful) between spouses intent on ensuring they have a roof over their heads for life. However, it’s a different scenario in the investment world, Mousa says. The house is not a home, but an investment instrument that’s all about the long-term ROI envisaged in the form of capital gains, and the steady rental income it can bring in immediately. Against this backdrop, the end goal can become scrambled and distorted if partners’ aims diverge and there is no longer a single focal point.

The Role Co-Ownerships Can and Should Play

 “The idea of co-ownership is very tempting because of its benefits,” Mousa says. “Pooled resources can provide a bigger deposit and cover entry costs like stamp duty and legal fees on more valuable property, in a better location. They can also increase the chance of landing a mortgage and sometimes a higher one. And the partnership can also provide a sense of security in the face of this long-term investment.”

However, he added that co-ownership goes way beyond two signatures on the property purchase agreement, and sharing the original purchase price. It ties the co-owners together for the life of the investment and binds them to the work involved and expenditure in making the investment succeed. And should the partnership break down the results could be disastrous, ending in stress, losses, and even in legal conflict. But, Mousa says, that’s most likely to happen when one or both owners didn’t realise what they were letting themselves in for and did not see buying the property as investing in a business.

RELATED ARTICLE: Investor and Property Acquisition Tax Investment Specialists TLK Partners Sydney

Looking for the Right Partner

At the core of finding the right co-owner is to establish that the initial financial commitment with regard to buying the property will be met. But it is also important to know that the financial backing will continue in the long-term. But, according to Mousa, while financial considerations can be investigated with credit checks and financial records, there are other less tangible factors that need to be considered.

For a good fit, investment property co-owners should share the same goals for the investment and be on the same page when it comes to understanding that their commitment includes a long-term business involvement in order for the investment to succeed. This indicates that business acumen, skills and strengths, as well as reputation, and reliability should be taken into account along with financial stability when choosing a co-owner.

Mousa says that a partner should also add a new set of skills and strengths to complement those already in the business toolbox in order to create a broad, balanced and gapless business operation. And both partners should have similar work ethics and values enabling a fair split in the workload involved in keeping it operating.

RELATED ARTICLE: Millennials Investment Property Advisor Chartered Accountant TLK Partners Kingsgrove Sydney

TLK Partners Wealth Management Companies Kingsgrove, Beverly Hills | Tax Accountant & Agent | Property Advisers are financial management, retirement planning and wealth advisers serving enterprises and private individuals who hope to take care of their future through sound financial management. Visit their website or contact them at (02) 8090 4324 for an appointment to discuss your financial management and investment needs.

This material is of a general nature only, it does not take into consideration your financial circumstances, needs or objectives. Before making any decision based on this content, you should assess your own circumstances, seek professional advice or contact our office to be directed to the appropriate professional. Whilst all care has been taken in presenting the material neither TLK Partners or its associated entities guarantee that the material is free of error and, the information may have changed since being published.

Syndicated by Baxton Media, the Market Influencers.

Property Co-Ownership Investor and Acquisition Investment Tax Specialists TLK Partners Sydney was originally published on Baxton

[whichmortgage]

First-time buyer activity in decline before Covid-19 hit: UK Finance

Offsetting a decline in first-time buyers, buy-to-let house purchases increased by a comparatively large 7%. Mortgage lending was flat in the first three months of 2020 compared with a year ago, with an increase in buy-to-let activity offset by a drop in first-time buyers, according to the latest data from UK Finance. The figures show that first-time buyer numbers have been declining slightly since October 2019 and have remained subdued in aggregate, however UK Finance noted that there have been wide regional variations in activity, likely due to Covid-19 disruption. In London and the South East, growth in Q1 was much stronger than Q4 2019. This differs from the rest of the UK, where there has been a drop-off in growth in Q1 in almost every geography. This trend is particularly marked in the devolved nations and the North of England, with year-on-year drops in volumes reaching as high as 10%. While these negative growth rates have affected the UK’s overall growth, the improvement in first-time buyer lending in the South has offset the drop elsewhere, leading to a relatively modest overall decline of 3%. For those regions now showing a year-on-year decline, the rate of decline looks to have accelerated throughout the quarter. In the majority of regions there was a drop in January followed by more significant falls in February and March in first-time buyer completions. Again, southern England was less affected by this trend, with the most pronounced – and accelerating – declines concentrated in northern England, Northern Ireland and Scotland. In geographies such as Yorkshire, Scotland and Northern Ireland, these declines in activity follow overall first-time buyer growth in 2019, whereas the south of England had declines in FTB activity last year. Interestingly, this is not a movement seen across the whole house purchase market. While homemover activity in the south of England is consistent with first-time buyer activity there, homemovers in the rest of the UK have behaved differently to first-time buyers. In Northern Ireland, which saw large declines in first-time buyer activity, there was strong homemover growth. Likewise, Wales saw homemover growth in both quarters as opposed to drops in first-time buyer volumes in both quarters. In only four of the 13 regions was lower growth recorded for homemovers in Q4 2019 than in Q1 2020, compared to nine of the 13 geographies where this was the case for first-time buyers. Offsetting a decline in first-time buyers, buy-to-let house purchases increased by a comparatively large 7% in Q1 2020 compared to the same period in 2019. Richard Pike, sales and marketing director at Phoebus Software, said: “We can now see exactly how the first quarter of the year panned out and how the coronavirus lockdown had an almost immediate affect on the housing market. It is interesting though to see that the first-time-buyer market had been declining across most of the country even before the crisis. This could be a trend that continues, at least until housebuilders get back to full capacity and new build properties start to become available again. “However, from every negative there is a positive and it appears that, without the general ability to ‘go out’ and spend money, people have not only spent less on credit, but have managed to save and also pay off debt. The number of borrowers that have taken payment holidays at 1.8 million to date, is considerable and lenders will have to be vigilant as the next wave apply for the extension until the end of October. As repossessions are also on hold, we could find that come November we have many households that will find themselves facing higher monthly payments than they had been managing before the break. This will be something that lenders will need to manage carefully.” Mike Scott, chief property analyst at Yopa, commented: "The Household Finance Review for the first quarter of this year was published today by UK Finance. Obviously the Covid-19 pandemic and the lockdown only affected the last few days of the quarter, and so these figures largely give us a snapshot of the economy immediately before the onset of the crisis. "First-time buyer mortgage approvals fell slightly in most of the UK (compared with the same period in 2019), but increased in London and the South East, suggesting that the falling house prices in those regions in 2019 had improved affordability for first-time buyers, who were able to get into the market. Much of the decrease in the numbers took place in March, suggesting that the pandemic was largely responsible and may have been beginning to affect housing market activity even before the beginning of the full lockdown on 23 March. "Most notably, there was a 7% year-on-year increase in the number of buy-to-let mortgages, the first significant increase since the tax regime was changed to reduce the attractiveness of buy-to-let investments. With interest rates at historic lows, buy-to-let property may be regaining its appeal as an investment - despite its unfavourable tax treatment. "Virtually all new mortgages for the past three years have been fixed-rate rather than floating-rate deals, with five-year fixes becoming increasingly common, and 70% of all mortgages still outstanding are fixed-rate. This means that any increases in Bank of England interest rates as we begin to recover and move on from the pandemic will have little immediate effect on home-owners' finances. In addition, mortgage arrears had reached historic lows before the beginning of the lockdown. This means it is unlikely that we will see a wave of mortgage defaults and repossessions when the furlough scheme and the current mortgage holidays come to an end, which should help to avoid any serious downturn in house prices."   Via financialreporter.co.uk Read the full article

[lmortgages158]

Fleet <b>Mortgages</b> hires BDM for the South West and South Wales

Buy-to-let specialist lender Fleet Mortgages has promoted Josh Parker as business development team for the South West & South Wales region and ...