Gold, Silver, and Oil Predictions; Ellison’s FTX Testimony and the Sam Trabucco Mystery; Massively Eroded Dollar Sees the Fed Turn 109 — Week in Review

Predicting a stock market crash now drives the price of precious metals higher. In other news, former Alameda Research co-CEO Caroline Ellison’s guilty plea has been sealed, revealing troubling information about client funds, prompting the cryptocurrency community to criticize former Alameda Research co-CEO Sam He. Trabucco and his whereabouts. Bitcoin.com News also reports that the dollar has lost 96% of its purchasing power since the Federal Reserve was created as the US Federal Reserve celebrated his 109th anniversary on December 23rd. increase. Finally, one market strategist expects oil to “crush” other investments in 2023.

Robert Kiyosaki warns last chance to buy gold and silver at low prices — stock market crash could make them more expensive

Rich Dad Poor Dad bestselling author Robert Kiyosaki says this may be the last chance to buy gold and silver at low prices. “Inflation is going up. Interest rates are going up. Stock markets are crashing, gold and silver are going up,” Kiyosaki explained.

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According to Caroline Ellison’s testimony, FTX boss SBF has been giving her customer funds since 2019.

On December 23, 2022, Inner City Press’s Matthew Russell Lee released a copy of Caroline Ellison’s recently unsealed guilty plea, former CEO of Alameda Research. did. In a statement, Ellison said he was co-CEO and CEO of Alameda and under those roles, former FTX CEO Sam He Bankman He reported directly to Freed (SBF). The testimony of the former Alameda CEO is that she was fully aware that from 2019 to 2022 she had access to a special borrowing facility that allowed Alameda Research to maintain an unsecured and unlimited line of credit. I have detailed that. According to Ellison, the “borrowing facility” was her FTX client funds.

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Questions from the Crypto Community: Where in the World Is Former Alameda CEO Sam Trabucco?

Following the arrest of FTX co-founder Sam Bankman-Fried and the statements of his colleagues Gary Wang and Caroline Ellison, the spotlight remained part of the team’s inner circle. directed to the executives of Another of his people people are interested in these days is Sam Trabucco, the former co-CEO of Alameda Research. The 30-year-old executive said he left Alameda in August 2022, but as Ellison detailed the misconduct he did in 2019, Trabucco said he had no idea what happened. It is assumed that he knows two things.

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“Oil prices will exceed $200 a barrel” — Investors expect All Investments Expected to ‘Fail’

In a dire global economy, many market strategists and analysts believe oil will be the biggest investment in 2023. While oil is doing well at $80.12 to $85 a barrel, analysts at Goldman Sachs believe crude will reach $110 a barrel for Brent crude, with Morgan & Co. Stanley strategists also believe oil will hit $110 a barrel by mid-2023. The founder of Praetorian Capital recently warned that a barrel of oil could rise significantly next year.

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When the Fed celebrated its 109th anniversary, the purchasing power of the US dollar fell by more than 96% since then

109 years ago the US Federal Reserve was created and since that day The purchasing power of the US dollar has fallen significantly. Over 96% of the dollar’s purchasing power has been lost to inflation since the Fed took office.

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What are your thoughts on these stories? What do you think will be the most memorable story of 2022? Let us know in the comments section below.

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