Vladimir Putin issued “stark warning” to NATO and the United States and told the West to back off

Russian President Vladimir Putin spoke to the nation in the annual speech to the Federal Assembly yesterday, as the tension brew at home and abroad. The tension is high in Ukraine, and Putin told the West to back off.

In addition to the tension in Ukraine, Putin see some dissatisfaction at home over stagnating incomes and rising inflation, the coronavirus pandemic, and new sanctions from the U.S.

Putin said that Russia must respond to the challenges of climate change and create a carbon recycling industry. «We need to adapt the housing and utilities system, infrastructure and the agro-industrial complex to climate change, to create a system of strict control over carbon emissions,» he said.

«Greenhouse gas emissions should be lower in Russia than in the European Union over the next 30 years. We cannot allow climate catastrophes like the one in Norilsk.»

When it comes to foreign policy, Putin said «If someone uses an arrogant and selfish tone, Russia will always find a way to defend its position. This is turning into some kind of Sport. Who can say something negative about Russia the loudest?»

«We behave in a restrained, modest manner. Oftentimes we do not respond to outright rudeness; we want to have good relations. We are not looking to burn any bridges.»

But this is more serious and Putin is playing hardball; «I hope no one will think of crossing so-colled «red lines» against Russia, which we ourselves will define in each separate case. Russia`s response will be symmetrical, fast and tough.

The organizers of any provocations threatening our core security interests will regret their actions more than they`ve regretted anything in a long time.»

It seems that everyone is already accustomed to the practice of imposing illegal, politically motivated sanctions, attempts to impose their will on others by force.»

«But now this practice is degenerating into something more dangerous. For example, an attempt to organize a coup in Belarus and an attempt to assassinate this country`s president….The West is silent on this matter.»

«You can have any position on Lukashenko`s policies, but staging a government coup and planning the assassination of a head of state is too much.»

There is no doubt that the tension is very high and that Putin is pretty clear; «Russia once again urges its partners to discuss issues related to strategic weapons, possibly to create an environment of conflict-free coexistence.»

More importantly is what Putin said about demographics; «The demographic crisis of the 1940s is hitting us now. The preservation of the Russian people is our highest national priority. Russia will always defend traditional values that have been forgotten in a number of countries,» Putin said.

When it comes to the economy, Putin said; «The main thing is to ensure the growth of citizens real incomes.»

«The pandemic has exacerbated problems of social inequality and poverty around the world. We are faced with rising prices. It is impossible to rely only on targeted, directive measures. This leads to empty shelves, as was the case in the late 1980s.

Now, even at the peak of the epidemic, we did not allow this. With the help of market mechanisms, it is necessary to ensure price containment. I call on the government to take measures to help low-income families with children by July 1.»

«In Russia, single-parent families will receive a payment of 5,650 rubles ($73) for each child from 8 to 16 years old. We need to help women who are expecting a baby and are experiencing financial difficulties.

It is very important for the expectant mother to feel the support of the state so that she can keep the child. To help women in difficult financial situations who are expecting a child…. I propose a monthly payment of 6,000 rubles ($78) per month.»

«Families with schoolchildren will receive 10,000 rubles ($130) per child. It was impossible to avoid budget cuts last year altogether. To support the creation of new jobs, the state will stimulate businesses.

I`m instructing the government to submit additional measures to support small and medium-sized businesses, including in the tax area, within a month.»

«1,63 trillion rubles will be allocated for civil scientific research in Russia until 2024. Russia must be ready to develop test systems and vaccines within days in case of a new dangerous infection.»

«We must have a reliable shield for sanetary and biological safety. We need to have a full range of vaccine manufacturing capabilities. In the event of a dangerous infection, Russia should be ready within four days to create effective test systems, and as soon as possible our own vaccine. These tasks must be solved by 2030,» Putin said in the speech.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Snap acquired FitAnalytics and the fashion recommendation app Screenshop

Snap Inc is expected to report earnings on 22 April, 2021 after the market closes. The stock has skyrocketed since the pandemic started last year. The stock price is around $58 on Wednesday, but a strong set of numbers could push the price even higher.

The consensus EPS Estsimate is -$0,05 (+37,5% YoY), and the consensus revenue estimatae is $740,89 million (+60,2% YoY). Snap is without any doubt a pandemic winner, but the company can remain at this level when countries are opening up again.

Snap`s average revenue per user (ARPU) which increased by 33% to $3,44 is far away from the king of social media; Facebook, which generated a staggering $32 per user in the period. As you can see, there is room for growth in here and innovation can help Snap in the future.

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Earlier this month, Snap acquired the fashion recommendation app Screenshop. A company that analyzes photos to provide clothing suggestions. In March, they acquired FitAnalytics, a machine learning platform that helps customers pick the right clothing size when they shop online.

Both companies will be integrated into the Snapchat app very soon.

Snap is also working with PayPal to expand into new industries like cryptocurrencies and e-commerce. These are growth drivers that can help them both to boost their growth rate make investors and money makers happy.

Snapchat is popular among Gen Z (13-24) and their DAU is growing. DAUs were 265 million in the last quarter, and they are growing in Europe, North America and the rest of the world. Snap offers one of the most-used camera applications globally. 5 million snaps is created daily.

First-quarter top-line growth might have been impacted by lower ad spending. Also, a continued decline in price per ad impression and increasing competition might have weighed on advertising revenues, the only source of revenues for Snap.

Usage of augmented reality (AR), one of the fastest-growing digital technologies during the pandemic, is anticipaated to expand four-fold by 2023.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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China`s digital currency dominance

China`s new digital currency e-yuan is a big threat to the US dollar. E-yuan is expected to give China`s government vast new tools to monitor both its economy and its people. This is not only about the CCP`s ability to control China`s economy but also about their increasing global power, and it`s long running battle with the US dollar.

China has long said they are in war on Bitcoin. What some people don`t like is that Bitcoin is decentralized, but China`s digital currency is controlled by the CCP. In other words; the CCP can see everything you are doing with it.

Nearly 90% of foreign-exchange transactions involve dollars and more than 60% of all global central-bank reserves are held in dollar-denominated assets, and that gives the US tremendous power. But China doesn`t like that at all.

Photo by David McBee on Pexels.com

This is obviously a US security issue, but it doesn`t look like the Biden administration care much about right now. But they should, and that very fast if you ask me. The US often use sanctions on other countries, but now China can use their digital currency as a weapon on the US.

The communist China are pushing the IMF to the SDR (special drawing rights) issue. The currency value of the SDR is determined by summing the values in U.S dollars, based on market exchange rates, of a basket of major currencies.

The IMF`s SDR, the international reserve asset created in 1969 to prepare for a new dollar crisis, is undergoing a renaissance, with important worldwide repercussions. The announcement of by far the largest-ever increase in SDR allocations, which will greatly improve the liquidity of many developing nations, signals alignment between the US and China in a key area of global monetary power.

The US now agrees with using the IMF`s balance sheet to boost world liquidity. They are planning to more than triple SDR allocations by at least $500bn. This reflects a change in US policy to back measures strongly advocated last year by China as well as leading European and African countries.

Rich nations with large reserves will distribute part of their plentiful SDR stocks to poor countries.

The massive increase in SDR reserves, which can be converted into its five constituents; the dollar (42%), euro (31%), renminbi (11%), yen (8%) and sterling (8%) will indirectly boosts the Chiniese currency`s international reserve role, according to OMFIF (Official Monetary and Financial Institutions Forum).

In 2009, the United Nations suggested a new SDR-based global reserve system, feasible non-inflationary, and easily implemented, including in ways which mitigate the difficulties caused by asymmetric adjustment between surplus and deficit countries.

That same year, Zhou Xiaochuan, governor of the People`s Bank of China, proposed that the SDR could become the pivotal internationall reserve currency, disconnected from individual nations, as the light in the tunnel for the reform of the international monetary system.

Is this how they`re gonna reset the international monetary system?

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Coinbase insiders sold $5 billion in shares

Coinbase went public last week and insiders and early investors sold about $5 billion in shares on the first trading day. The stock price started at $250 and went straight up to about $400 before it went down again to about $330.

CEO Brian Armstrong sold 749,999 shares at a price ranging from $381 to $410. According to SEC filings released on Friday, Armstrong`s total gain was $291,8 million. That is telling us that he sold about 1,5% of his stake in Coinbase.

But he was not the only one to sell shares in the company. Director and venture capitalist Frederick Wilson sold 4,70 million shares for proceeds of $1,82 billion. Wilson is a holder of at least 10% of the shares of Coinbase and that is a market cap of $63,6 billion.

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Another 10% owner of Coinbase shares is Union Square Partners, and they sold $4,70 million shares for proceeds of $1,82 billion. Wilson is a partner in Union Square Partners and he and his firm`s fund accounted for more than 2/3rds of the total $5 billion worth of shares sold when Coinbase went public.

Marc Andreessen, who is a software engineer, venture capitalist and Coinbase director, is a holder of more than 10% of the exchange`s shares. He and his company Andreessen Horowitz sold a total of 1,18 million shares for $449,2 million, according to SEC.

As I pointed out in my recent article about the DPO (direct listing) last week, there is a huge difference between IPO and DPO. In this case; a direct listing is a liquidity event while an IPO is a capital-raising event.

This is why Armstrong and his team sold shares when they went public, and this is the whole point of their direct listing. The fact is that Coinbase doesn`t need money, so they are offering the public existing shares. That`s why we see where the shares is coming from.

In an IPO we see new shares being offered by the company to raise money that goes to the treasury. Coinbase doesn`t gain any proceeds with this DPO, but more holders are coming in and that will give the company the opportunity to raise more money in the future. If they need.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Is this crazy, bubble-like speculation?

Coinbase went public a few days ago and that helped crytocurrencies like Bitcoin and Etherium. But the biggest winner this week was a little dog. A cryptocurrency called Dogecoin. That coin has gone up 400% in a week. Not bad for a little dog, eh?

Fortune wrote about the «Coinbase Effect» which is a new phenomenon in the world of cryptocurrency. The idea is that the price of cryptocurrencies that are going to be listed for sale on a dominant crypto exchange such as Coinbase, begin to rise in the days after the news becomes public.

According to Barron`s, the effect of getting a cryptocurrency listed on the exchange plays a big role in what cryptocurrencies gain acceptance and which ones may get left behind. One of those who seems to survive is Dogecoin, but some people are worried it`s already a bubble. Time will show.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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