The U.S. elections are about to begin, so I want to discuss a different perspective.
In simple terms, if Harris is elected, it will be bearish for gold prices; on other levels, it will basically continue the Biden administration's approach, but there will also be differences, which I will discuss later. Harris's election means 'foreseeable future' for the world, but Sino-U.S. relations will not significantly improve in the future.
However, if Trump is elected, it will be favorable for gold prices. Because Trump's policies are characterized by 'unpredictability', which means 'risk' for the international market.
As for Sino-U.S. relations, there are both good and bad aspects. For example, if Trump focuses on 'business', even if there are military and political conflicts between the two countries, they can be turned into 'business' in his hands. As the saying goes, money can solve problems that are not problems. So this is not necessarily a bad thing for us.
I was once the young master of a prestigious family, but I was harmed by the cunning big A! My family abandoned me, my teacher cast me out, and even cut off my living expenses! In this rebirth, I need your support to help me rebuild my account. Once I return to the peak, I will repay you a hundredfold! Just scan below to...
The plunge of A-shares was really too much this time. In October, the high-priced stocks were hyped for a month. When the high-priced stocks were killed, the low-priced stocks were also killed. When they were making money, they ignored the low-priced stocks. When they were beaten, they were punished for multiple crimes. The blood they recovered in a month was taken away in one day. This forced investors to chase high-priced debt repayment. It was really fun to speculate on A-shares. #你问我答 Will you still believe in A-shares in the future?
There is a view that, according to the S2F model, Bitcoin is expected to reach 500,000 USD in the next halving cycle. When will Bitcoin first reach 100,000 USD? #你问我答
What else can I say? I have a full warehouse of big A, and I am extremely rich in the simulated warehouse. The real market is bombarded and it is horrible.
"Joint Sword-2024B" is an important military exercise organized by the Eastern Theater Command of China on October 14, 2024. The exercise involves the theater's army, navy, air force, and other arms, and the exercise area includes the Taiwan Strait, northern Taiwan Island, southern Taiwan Island, and east of Taiwan Island. The exercise content includes multi-directional approach of ships and aircraft to Taiwan Island, joint assaults by various arms, and focuses on exercises such as sea and air combat readiness patrols, blockade of key ports and key areas, sea and land strikes, and seizing comprehensive control rights, aiming to test the actual combat capabilities of the theater's troops in joint operations. This exercise is a strong deterrent to those seeking "independence", demonstrating China's firm determination and ability to defend national sovereignty and safeguard national unity. Through such exercises, it demonstrates its high level of combat readiness and joint combat capabilities, and also sends clear political and military signals. The scale and scope of the exercise show China's serious attitude in safeguarding national territorial integrity and sovereignty, and also demonstrates its modernized and informationized military strength. Through such actual combat exercises, the ability to respond to various security threats can be further improved, ensuring that national interests can be effectively defended when necessary.
Ordinary people have fewer and fewer chances to turn things around, based on my experience buying lottery tickets. Among the types of lottery tickets, only the instant lottery can make a little money, and now they are all destroyed. For lottery tickets like the Lotto and the 3-digit lottery, they first count the numbers to buy, and then the winning numbers perfectly avoid these numbers, so there is no way to win. If you buy it, it will be zero, it is better to buy Bitcoin, at least there are ups and downs.
I really didn't expect that such a large trading platform like A-shares would spend so much time and energy to promote account opening and attract new stock investors. The result was a direct killing, which directly gave new stock investors a taste of the dangers of the stock market. I don't know if they will come to the stock market again in the future. I really didn't expect this wave of operations. The longer you play A-shares, the more you lose. It's really not as good as other trading platforms...
Summary of the speech by the Minister of Finance Work summary: 1. The deficit is 4.06 trillion, 1 trillion is in long-term national debt, and the public budget expenditure is 28.55 trillion. The fiscal expenditure continues to maintain a high intensity 2. Structural fee and tax reduction, R&D expense deduction, tax exemption and reduction for transformation of scientific and technological achievements, etc., with a scale of more than 1.8 trillion 3. Expand domestic demand, post-disaster reconstruction, promote large-scale equipment renewal and consumer goods replacement, expand investment areas, and issue 3.6 trillion new special bonds 4. Strengthen key areas of protection, strictly control general expenditures, ensure basic people's livelihood, wages and operation, supplement local financial resources, and support local governments to ensure the bottom line of the three guarantees 5. Increase efforts to support basic people's livelihood security, employment, education expenditure exceeds 3 trillion, increase basic pension standards, public health service standards and urban and rural medical assistance standards (adapt to population changes and further increase expenditures in related fields) 6. Control local debt risks, debt reduction measures, arrange 1.2 trillion yuan to support debt reduction and clear corporate arrears, debt risk mitigation, and debt reduction has basically achieved phased results Judgment on the fundamentals: 1. Strong resilience and great potential 2. It is expected that the growth rate of national public budget revenue will be lower than expected, and the fiscal revenue will have enough resilience to achieve a balance between revenue and expenditure and complete the annual budget target A package of measures to stabilize growth: All are incremental policies 1. Increase support for local debt reduction, give more quotas, and let local governments promote development and protect people's livelihood 2. Special treasury bonds support large state-owned banks to supplement Tier 1 capital 3. Superimpose local special bonds, special funds, tax policies, etc. to support the real estate market to stop falling and stabilize 4. Support people's livelihood, and increase rewards and assistance for students in the next step 5. Countercyclical adjustments are not limited to these. The above four points have entered the decision-making process, and there are more to come, such as central fiscal debt and deficit increase space.
Tesla held a press conference called "We, Robot" on October 11, 2024, during which Elon Musk appeared in a Robotaxi called Cybercab. 1. Cybercab (Robotaxi) debut: Musk arrived at the press conference in Cybercab, which has no steering wheel and pedals inside. Cybercab is expected to cost less than $30,000 (about RMB 210,000). Transportation costs are expected to be about $0.2 per mile. It is planned to go into production in 2026. 2. Progress in autonomous driving technology: Musk expects Tesla to launch unsupervised fully autonomous driving (FSD) features in Texas and California next year. Tesla's FSD system has been iterated to version V12.4.3 and is being pushed to some customers in North America. 3. Robovan release: Tesla also announced the launch of Robovan, an unmanned van that can carry up to 20 people at a time. 4. Optimus robot progress: Musk said that great progress has been made in the Optimus robot. The cost of the Optimus robot produced at scale will be between $20,000 and $30,000. 5. Tesla's market value expectations: Musk once said that Robotaxi and Optimus will bring significant growth to the company's market value, and Tesla's market value is expected to reach 10 times that of Apple at present, exceeding $30 trillion. If Tesla rises, Dogecoin will also rise.
Trump is very positive about Bitcoin in 2024, and he has frequent interactions with Dogecoin holder Musk, and he is making support for Bitcoin and cryptocurrency technology part of his campaign platform. 1. America First: Trump emphasized that if the United States does not lead the development of cryptocurrency and Bitcoin technology, China and other countries will do so. He hopes that the United States will remain number one in technology, science, manufacturing, artificial intelligence, and space. 2. Energy demand: He mentioned that in order to dominate the cryptocurrency field, the United States needs a lot of electricity. He promised to build more power plants and use fossil fuels and nuclear energy to generate the required electricity. 3. Establish a strategic reserve of Bitcoin: Trump announced that if he is elected, he will create a strategic reserve of Bitcoin and make all Bitcoin currently held or acquired by the US government in the future the core of the reserve. 4. Appoint a Bitcoin and Cryptocurrency Advisory Committee: He plans to appoint an advisory committee to develop transparent regulatory guidance for the entire industry within his first 100 days in office. 5. Oppose Central Bank Digital Currency (CBDC): Trump is firmly opposed to the creation of CBDC, claiming that "as long as I am the president of the United States, there will be no CBDC." 6. Support Bitcoin mining: He promised to formulate regulations that are friendly to Bitcoin mining business to ensure that jobs will not be lost to China. 7. Oppose the current government's suppression of cryptocurrencies: Trump criticized the Biden administration's suppression of cryptocurrencies and Bitcoin, believing that this is wrong and unfavorable to the United States. 8. Accept cryptocurrency donations: Trump is the first major party candidate to accept Bitcoin and cryptocurrency donations. 9. Promote the United States to become the center of cryptocurrency: Trump hopes that the United States will become the world's "cryptocurrency capital". After the harvest of the A bull market, funds will flow back to the B circle without stopping.