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#Billionaire Peter Thiel Warns US Close to Recession, Says Economy Would Be Shaky if Not for Crazy Budget Deficit
Peter Thiel Warns #USEconomy Nearing Recession Without Massive Government Spending
Tech billionaire Peter Thiel believes the US economy would already be in a recession if not for extensive government intervention. Speaking at the All-In Summit 2024 alongside fellow billionaire Chamath Palihapitiya, Thiel emphasized that while an economic downturn is on the horizon, it is being delayed by heavy government spending.
Thiel expressed concerns that this stimulus-driven economic support is unsustainable, pointing to "crazy" budget deficits as a major issue.
âI suspect weâre close to a recession. Iâve felt this way for a while, but itâs being prevented by massive government spending. In May 2023, the deficit projection for fiscal year 2024 (October 2023 to September 2024) was around $1.5 to $1.6 trillion. Now, it looks like it will be $400 billion higherâŠ
A massive deficit was expected, but itâs far worse. If we hadnât found another $400 billion to add to this deficit â at the peak of the economic cycle, when deficits should be reduced, not increased â the situation would be much shakier.
We have too much debt and insufficient sustainable growth.â
According to data from the Congressional Budget Office (CBO), the US government recorded a $1.9 trillion budget deficit during the first 11 months of fiscal year 2024, reflecting a $373 billion increase compared to the previous year. Additionally, the US national debt has surged to a record $35.273 trillion, per the Treasury Department.
Source - dailyhodl.com
Peter Thiel Warns #USEconomy Nearing Recession Without Massive Government Spending
Tech billionaire Peter Thiel believes the US economy would already be in a recession if not for extensive government intervention. Speaking at the All-In Summit 2024 alongside fellow billionaire Chamath Palihapitiya, Thiel emphasized that while an economic downturn is on the horizon, it is being delayed by heavy government spending.
Thiel expressed concerns that this stimulus-driven economic support is unsustainable, pointing to "crazy" budget deficits as a major issue.
âI suspect weâre close to a recession. Iâve felt this way for a while, but itâs being prevented by massive government spending. In May 2023, the deficit projection for fiscal year 2024 (October 2023 to September 2024) was around $1.5 to $1.6 trillion. Now, it looks like it will be $400 billion higherâŠ
A massive deficit was expected, but itâs far worse. If we hadnât found another $400 billion to add to this deficit â at the peak of the economic cycle, when deficits should be reduced, not increased â the situation would be much shakier.
We have too much debt and insufficient sustainable growth.â
According to data from the Congressional Budget Office (CBO), the US government recorded a $1.9 trillion budget deficit during the first 11 months of fiscal year 2024, reflecting a $373 billion increase compared to the previous year. Additionally, the US national debt has surged to a record $35.273 trillion, per the Treasury Department.
Source - dailyhodl.com
Who is the most humble Crypto #Billionaire đ?
Well on my list there are many people but I would like to represent only one depending on what he achieved and how he's doingđ
1-#CZBinance â€ïž one and onlyđ
#Binance #BNB #ai
Well on my list there are many people but I would like to represent only one depending on what he achieved and how he's doingđ
1-#CZBinance â€ïž one and onlyđ
#Binance #BNB #ai
TOP 10 Worldâs Billionaires List - November 2023 đ”đ”
1. Elon Musk â $220.7B Age: 51Residence: Austin, Texas đșđČSource of Wealth: Tesla, SpaceXTesla and SpaceX Ownership Stake: 25% of Tesla, 44% of SpaceXOther Assets: 9.2% of Twitter, Neuralink, The Boring Company2. Bernard Arnault â $183.5BAge: 74Residence: Paris, France đČđ«Source of Wealth: LVMHLVMH Ownership Stake: 47%Other Assets: Art collection with works of Picasso, Yves Klein, Henry Moore, yacht Symphony3. Jeff Bezos â $159.7BAge: 59Residence: Seattle, Washington đșđČSource of Wealth: AmazonAmazon Ownership Stake: 10%Other Assets: The Washington Post, Blue Origin, Bezos Expeditions, Altos Labs4. Larry Ellison â $133.7BAge: 79Residence: Lanai, Hawaii đșđČSource of Wealth: OracleOracle Ownership Stake: 35%Other Assets: 3 million shares of Tesla, $1 billion worth of real estate5. Warren Buffett â$115.3B Age: 92Residence: Omaha, Nebraska đșđČSource of Wealth: Berkshire HathawayBerkshire Hathaway Ownership Stake: 30.71%6. Bill Gates â $111.4BAge: 67Residence: Medina, Washington đșđČSource of Wealth: MicrosoftMicrosoft Ownership Stake: 1%Other Assets: investments in Canadian National Railway, AutoNation, approximately 242,000 acres of farmland in the U.S.7. Mark Zuckerberg â $110.6BAge: 39Residence: Palo Alto, California đșđČSource of Wealth: Facebook / MetaFacebook Ownership Stake: 12%8. Larry Page â $106.9BAge: 50Residence: Palo Alto, California đșđČSource of Wealth: Alphabet, GoogleAlphabet Ownership Stake: with a co-founder Sergey Brin, Page owns 51% of voting shares and less than 12% of total shares9. Steve Ballmer â $104.3BAge: 67Residence: Hunts Point, Washington đșđČSource of Wealth: MicrosoftMicrosoft Ownership Stake: 4% (333 million shares)Other Assets: Los Angeles Clippers, Redmond10. Sergey Brin â $102.7BAge: 49Residence: Los Altos, California đșđČSource of Wealth: Alphabet, GoogleAlphabet Ownership Stake: with a co-founder Larry Page, Brin owns 51% of voting shares and less than 12% of total sharesOther Assets: shares in Tesla and 23andMe #USDT #BTCđ„đ„ #elonMusk #MarkZuckerberg #Billionaire
COMING SOON:
Onboarding the next billion users to crypto requires making it more accessible and inclusive.
Tune in to #BinanceBlockchainWeekâŻâŻâŻ Day 1 this Wednesday to hear from industry experts on how we can make this happen!
Set a reminder â€”ïž This Wednesday Dont miss out
#BinanceSquareTalks #binance100usdt #BinanceBlockchainWeek #Billionaire
Onboarding the next billion users to crypto requires making it more accessible and inclusive.
Tune in to #BinanceBlockchainWeekâŻâŻâŻ Day 1 this Wednesday to hear from industry experts on how we can make this happen!
Set a reminder â€”ïž This Wednesday Dont miss out
#BinanceSquareTalks #binance100usdt #BinanceBlockchainWeek #Billionaire
Come with me and earn money!đ”đ¶đ¶
Online mining is real!đ€Ż
Find Tron while you relaxđ
CODE:316915
https://tronscan.guru/index.html#/register/316915
#MiningCrypto #TRX/USDT #USDTDaily #Billionaire #free
Online mining is real!đ€Ż
Find Tron while you relaxđ
CODE:316915
https://tronscan.guru/index.html#/register/316915
#MiningCrypto #TRX/USDT #USDTDaily #Billionaire #free
**#Trending: Revolutionizing Cryptocurrency Education for Billionaires**
Billionaires are increasingly looking to dive into the world of cryptocurrency, yet many find themselves navigating uncharted waters without the essential knowledge and skills to do so effectively. This is where a groundbreaking crypto education system tailored for billionaires steps in.
This system, still in its early developmental stages, aims to empower billionaires with the insights and resources necessary for well-informed cryptocurrency investment decisions. It will encompass a broad spectrum of topics, including:
- Demystifying the fundamentals of cryptocurrency and blockchain technology
- Unraveling the diverse landscape of cryptocurrencies and their investment potential
- Equipping individuals with the tools to analyze and evaluate crypto projects
- Crafting strategies for building a diversified crypto portfolio
- Mastering the art of risk management in the volatile crypto market
The educational journey will be steered by a seasoned team of crypto experts and educators, offering a rich array of learning resources, including online courses, personalized coaching sessions, and exclusive networking events.
Despite being in its early stages, this initiative is already capturing the attention of several billionaires, with a planned launch in early 2023.
**What are the potential advantages of this educational system?**
The potential benefits of the crypto education system for billionaires are manifold. For billionaires, this system will enable them to:
- Make well-informed investment decisions within the cryptocurrency space
- Achieve portfolio diversification
- Mitigate risks
- Potentially realize substantial returns on their investments
For the cryptocurrency market, this system is poised to:
- Attract more institutional investors
- Bolster the legitimacy of the asset class
- Enhance liquidity and price discovery
#Cryptoeducationđ„ #Billionaire #CryptoInvest #CryptoFuture
Billionaires are increasingly looking to dive into the world of cryptocurrency, yet many find themselves navigating uncharted waters without the essential knowledge and skills to do so effectively. This is where a groundbreaking crypto education system tailored for billionaires steps in.
This system, still in its early developmental stages, aims to empower billionaires with the insights and resources necessary for well-informed cryptocurrency investment decisions. It will encompass a broad spectrum of topics, including:
- Demystifying the fundamentals of cryptocurrency and blockchain technology
- Unraveling the diverse landscape of cryptocurrencies and their investment potential
- Equipping individuals with the tools to analyze and evaluate crypto projects
- Crafting strategies for building a diversified crypto portfolio
- Mastering the art of risk management in the volatile crypto market
The educational journey will be steered by a seasoned team of crypto experts and educators, offering a rich array of learning resources, including online courses, personalized coaching sessions, and exclusive networking events.
Despite being in its early stages, this initiative is already capturing the attention of several billionaires, with a planned launch in early 2023.
**What are the potential advantages of this educational system?**
The potential benefits of the crypto education system for billionaires are manifold. For billionaires, this system will enable them to:
- Make well-informed investment decisions within the cryptocurrency space
- Achieve portfolio diversification
- Mitigate risks
- Potentially realize substantial returns on their investments
For the cryptocurrency market, this system is poised to:
- Attract more institutional investors
- Bolster the legitimacy of the asset class
- Enhance liquidity and price discovery
#Cryptoeducationđ„ #Billionaire #CryptoInvest #CryptoFuture
đžđ **Mark Cuban: Investing $100 Million in Email Pitches!**
đ§ Dive into the world of billionaire entrepreneur Mark Cuban, who's made headlines by investing a whopping $100 million in projects pitched via email.
đ Cuban's unique approach showcases his belief in the power of email as a platform for discovering promising ventures, regardless of whether he's met the individuals in person.
đŒ He actively monitors his open email address, dedicating three to four hours daily to review pitches and provide thorough responses, showcasing his accessibility and commitment to innovation.
đ° Despite his success, Cuban remains grounded, paying substantial taxes and ranking among the world's wealthiest individuals with a net worth of $5.4 billion.
đ Cuban's story offers valuable lessons in accessibility, diligence, and the willingness to embrace unconventional avenues for business growth.
đ Aspiring entrepreneurs can draw inspiration from Cuban's journey, realizing that opportunities can emerge from unexpected sources like a simple email pitch.
#MarkCuban #Billionaire #BitcoinHalvingDrama #Megadrop #bitcoinhalving
đ§ Dive into the world of billionaire entrepreneur Mark Cuban, who's made headlines by investing a whopping $100 million in projects pitched via email.
đ Cuban's unique approach showcases his belief in the power of email as a platform for discovering promising ventures, regardless of whether he's met the individuals in person.
đŒ He actively monitors his open email address, dedicating three to four hours daily to review pitches and provide thorough responses, showcasing his accessibility and commitment to innovation.
đ° Despite his success, Cuban remains grounded, paying substantial taxes and ranking among the world's wealthiest individuals with a net worth of $5.4 billion.
đ Cuban's story offers valuable lessons in accessibility, diligence, and the willingness to embrace unconventional avenues for business growth.
đ Aspiring entrepreneurs can draw inspiration from Cuban's journey, realizing that opportunities can emerge from unexpected sources like a simple email pitch.
#MarkCuban #Billionaire #BitcoinHalvingDrama #Megadrop #bitcoinhalving
Billionaire Mark Cuban Provides Recommendations on Crypto Regulation for the SEC
#WebGTR #BTC #crypto #Billionaire #MarkCuban
#WebGTR #BTC #crypto #Billionaire #MarkCuban
A chance to Triple the funds by minimum of 300% and maximum of 600%
Target
âą$1.30
âą$2.00
âą$3.00
#CRV #Write2Earn #BTC⏠#TRB #Billionaire
Target
âą$1.30
âą$2.00
âą$3.00
#CRV #Write2Earn #BTC⏠#TRB #Billionaire
