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Global slow down continues Chinaโ€™s exports dropped 14.5 percent in July from the same point last year, the biggest decline since the COVID crash. Imports also fell 12.3 percent in the same period.
CHINA OVER THE LAST MONTH

1. Unexpectedly cut rates by most since 2020
2. Removed 50% of their stock trade tax for the first time since 2008
3. Considered making it illegal to short stocks
4. Lowering rates on $5.3 trillion of mortgages for the first time since 2008
5. HY real estate index down 82% in 2 years
6. Banks cutting deposit rates for the 3rd time this year
7. Evergrande files Chapter 15 bankruptcy

https://t.me/Bitguide_io/385?comment=526
H/t Kobeissi Letter & @mehrsha0
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The labor market is in a clear downtrend.
Jobs created are continuously declining. And unemployment โ€œunexpectedlyโ€ spiked from 3.5% to 3.8%.
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The sheer amount of bad news for @Binance is amazing. Especially viewed together.

Executives jumping ship and markets being exited and regulators clamping down. Dangerous pattern here.

Ht: @Travis_Kling
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ECON01 - What Is Money? (BG#18)

This is the first lesson from Sina's short course on economics. In ECON01, he talks about the emergence of money, its evolution throughout history, and the features of good money.

ECON with Sina

Watch on YouTube
Listen to Podcast

๐ŸŒณ https://linktr.ee/bitguide
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Watcher Guru: Binance US chief risk officer & head of legal both resign.

It is all โ€œfineโ€. โ€œSAIFUโ€.
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There has been a lost decade in most parts of the world after 2008.

The US has done relatively great but never went back to the pre trend growth either.

Something broke hard in 2008. And again in 2020 in some countries.
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Funny story brought to you by fintwit

https://x.com/sinz_bitguide/status/1703623290248368334
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ECON02 - Monetary History I
Bitguide
ECON02 - Monetary History I

In the second lecture of ECON course, Sina talks about the history of money from livestock to modern coinage.

Podcast
YouTube

๐ŸŒณ https://linktr.ee/bitguide
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FTX was selling customer BTC to keep the price below 20k

Ellison tells court that Sam directed her to โ€œkeep selling #Bitcoin if itโ€™s over $20K.โ€
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Audio
TECH01 - Custody Methods for Bitcoin

This is the first lesson from RK's TECH series.
In this lecture, he talks about custodian wallets, their risks and their probable benefits.


Podcast
YouTube

๐ŸŒณ https://linktr.ee/bitguide
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The Benefit of Things Not Happening All at Once

Duration: 2 minutes

Full Video on YouTube

๐ŸŒณ https://linktr.ee/bitguide
Audio
TECH02 - Non-custodial Wallets (BG#21)

In the second lecture of TECH course, RK talks about non-custodial wallets, the difference between hard and cold wallets, and the risks and benefits of having a non-custodial wallet.

YouTube
Podcast

๐ŸŒณ https://linktr.ee/bitguide
One of the amazing features of DCA is even with the worst possible timing of entry, you will be in the black when the market is in the red

โ€œEvery single pleb whoโ€™s been daily dollar cost averaging bitcoin is once again in profit.โ€

Animation:
https://x.com/w_s_bitcoin/status/1716293615327048080

Article:
https://bitguide.substack.com/p/dollar-cost-averaging-a-time-less-bitcoin-investment-strategy

@SatoshiSchool
๐ŸŒณ https://linktr.ee/bitguide
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Russell falling theough the 2022 low and revisiting levels not seen since 2020
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Found guilty on all counts.
Like many other frauds, he attacked Bitcoin and had a โ€œbetter techโ€ to sell you.
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