Egggg yolk, howzit cracking with my people,
the daily faithfuls of the Chico Barracks
& if your new, you haven’t earned your stripes,
your just a viewer of the tube.
My name is Tyler & this crypto channel is
about to start in…..
10, 9,
8, 7,
6, 5,
4, 3,
2, 1, and 0….it’s time for Chico Crypto
And the timeline, is working itself out, like
a broadway play...we are turning the monthly
page into September, only 2 months away….from,
one of the most turbulent market events, in
the history of my life...this Presidential
election.
The Bidster vs the Trumpster….but the more
I research into what is going on, the more
I realize this is all just a smoke screen
to loot the American public, from either side,
Democraps or Rebublicant’s
Let me try and explain.
While this world has been distracted, those
in Power in this country have been pushing
for sweeping changes to retirements of Americans.
AKA 401ks.
What are the changes?
Well the department of Labor, at the beginning
of June announced they wanted to change the
401k rule, which stopped these employee sponsored
retirement plans, from having portfolios which
contained private equity investments, from
Firms like Fidelity, Vanguard & of course
Blackrock.
Now this is throwing these retirement age
investors to the wolves, the literal wolves
of wall st...where risk is an afterthought
to these guys, especially BlackRock and CEO
Larry Fink, who is running the governments
corporate credit facilities, in collaboration
with the Treasury and the FED initiated to
“save our economy” Blackrock with the
government facilities, has been given the
power to quarterback an unprecedented amount
of money, 750 billion to leverage in the corporate
bond buying program, which includes both investment
grade & those JUNK bonds.
So, our government already gave a certain
private equity money, the most ever handed
to a firm like this in the history of this
country.
That’s coming out of taxpayer’s pockets.
And now, they are attempting to get access
to even more money, from one of the only things
the general American publics gets that is
Tax deferred, 401ks.
Now, If you didn’t know, it's the place
where the average american, based on statistical
numbers, stores the largest majority of their
wealth.
It’s the place, since their inception in
the late 70s, that have become a core part
of the American dream.
Our citizens have put all their eggs into
1 basket...the supposed safe place to retire...401ks
in the past use mutual funds, bank collective
investment trusts, and insurance company pooled
accounts whose portfolios focus on publicly
traded stocks and bonds, and usually are extremely
low risk
But private equity vehicles and investments
are extremely high risk,usually a fund, which
is a portfolio of privately held, usually
struggling companies & the funds goal is to
rehabilitate, or liquidate them, enriching
the passive limited partners, and the general
partners including those managing the fund.
Now, direct investments, as a limited or general
partner, is usually restricted to high net
worth individuals, as these individuals are
in a better position to take on the massive
risk that comes with these, and the astronomical
fees charged.
But these high networth individuals have stopped
pouring money into this market, it’s literally
dried up to desert proportions, in the past
8 months.
So let me show you why….here is a list of
the 113 companies that have filed for bankruptcy
throughout this year, big names, that I’m
sure many of you recongnize, Fairway, Pier1,
True Religion, JC Penny, Jcrew, hertz, 24
hour fitness, GNC, lucky brand & more...now
CB insights, also has this listed, now let’s
just search ty the term private equity...it
comes up 17 times, Nieman Marcus...private
equity company saddled the company with debt,
private equity bought it, private equity.
Private equity, and private equity again.
Now, the high net worth individuals, they
notice this & they aint going to be putting
their money, in a fund house of cards on the
brink of collapse…
Now Wally Okby, Senior Analyst at Aite Wealth
Management group stated, the pool of available
capital from high-net-worth investors for
private equity has recently dried up.
“They’re looking for cash anywhere they
can get it,”“Therefore, they go to 401(k)s,
where investors typically don’t understand
what they’re investing into.”
And there is a lot of CASH and value, locked
up with American 401ks.
The 401k marketplace is 8.9 trillion dollars,
or just 42 percent of America’s 21 trillion
dollar GDP.
It’s massive, and if this gets finalized,
which it’s looking like it just might...you
know who goes wild, like a raging party that
goes until 5am?
Wall St. & of course those private equity
firms, who is wall st.
And those in Charge wanna get it passed before
election time, because like I mentioned the
clock is ticking to a turbulent market event,
the November election.
And now it’s time to explain, why it doesn’t
matter what happens, it will all be the same.
As we know, the Trump administration chose
BlackRock to be it’s helping hand, well
if you have watched this channel for anytime,
you know so did Obama, they contracted FINK
and blackrock to help with the 2008 financial
crisis...well the other person who could win,
the Bidster, he is going to pick Blackrock
too..
The campaign for accountability covered it
“‘Middle Class Joe’ Biden Courts Wall
Street Oligarch, BlackRock’s Larry Fink...their
article states “In January, The Atlantic
reported, Biden went to see Fink, who told
the ex-vice president “I’m here to help,”
which Biden took as a sign that Fink wanted
a role in his campaign assuming he runs”
Which we all know he did & then the new republic
covered it further, their article states “An
even more full-throated merger of BlackRock
and state could be on the horizon as CEO Larry
Fink cozies up to Joe Biden’s presidential
campaign, likely angling for a top Cabinet
post.
Whatever the result of the November election,
BlackRock is poised to come out a winner.
And then CNBC seals it in their article titled
“Biden donors privately float big names,
including Elizabeth Warren and Larry Fink,
for key roles”
So whatever happens Tramp wins, Biden brings
home the bacon...wall st. will continue to
be pumped to beyond proportions, as FINK is
in the driver's seat no matter what.
So I know, I predicted another market collapse
come November, and it’s still likely, a
big one, but it won’t be an apocalypse type
scenario like I once thought.
I should have known no matter that outcome,
Blackrock would be controlling the economic
strings, but I didn’t realize they were
already a shoe-in with Biden.
So this is what’s going to happen here in
my opinion…
Trickle down economics at their finest.
Now the stonk market is much much bigger than
the crypto markets.
Latest data taken at the end of June, puts
the US stock market worth over 35 trillion
dollars.
As of yesterday, the crypto markets were just
over 380 billion dollars or just 1.08 percent
of the behemoth that is finance.
Now private equity firms, and their investors,
their money is tied up in the behemoth, and
with the news of 401ks, this behemoth will
keep growing larger...but so will the crypto
markets?
Why?
I wonder if Blackrock is eyeing that tiny
market?
Well why did they tweet this in September,
praising blockchain and have a blockchain
lead Robbie Mitchinik?
Nowl let’s just take a look at the top private
equity firms #1 is of course, is blackstone...no
not blackrock, but blackstone, ran by Steve
Shwarzman.
Steve is the one who gave blackrock the initial
capital to get going, Larry Fink used to work
for Steve, and the name was thought of by
the two.
So Blackstone, what’s their thoughts on
crypto or blockchain?
Well Steve, in September of 2019 said this
regarding blockchain…”There’s all kinds
of uses you can have from certain executions.
[Blockchain technology] is a very good idea,
and it will end up being adopted because it’s
good technology.
Applying it to the creation of money is sort
of, for my taste, pretty odd.
He was asked by the reporter “So in the
future, you do see Blackstone investing in
companies that are using blockchain technology?
And he replied “That would be good because
it’s a sound, very interesting technology”
Ok that’s just 1 the most powerful and biggest,
but it doesn’t mean the trend for these
firms is going the way of blockchain and crypto
right?
Well #2 is Carlyle group….and guess what,
just in February of this year, he joined the
advisory board for a blockchain payments startup
called Radpay.
Ok 2 out of 2 of the top...how about #3?
According to the list.that is KKR Inc and
Company & guess what?
In June of last year, the co founder Henry
Cravis, invested in a crypto fund….a flagship
one to boot, ParaFi Capital out of San Francisco.
How about #4...they can’t be going blockchain
too right?
Well that is TPG Capital, and of course they
are.
Their venture wing TPG Growth, just a few
months ago in April, led the 100 million dollar
funding round for the blockchain and AI based
Identity platform, Onfido.
Now, the more capital access these guys get,
the more riskay things they put money into,
like blockchain and crypto.
It’s good short term for the crypto markets,
but not good for the system overall and long
term.
I’ve explained it a hundred times, so I
won’t explain it again, but the leveraged
game these guys are playing eventually comes
to an abrupt end, and when it does….YIKES.
This year, next year...down the road in 2024.
And hopefully, you, me, our wealth survives
as we hold all of the assets of the future.
Cheers I’ll see you next time!
