Acha Etiendem

I welcome you once more to my corner. I have not posted since January for the right reasons. Now that quarter one (Q1) is almost over, I know it's necessary to give a follow-up of my New Year's speech. Let's get to it. It's all about interest rates and the message hasn't changed.  What a show Trump has put on in DC. Trump came in threatening that Jerome Powell resign because Powell and co have kept rates high, despite Trump seeking lower rates.  He quickly realized or was cautioned that such an approach would not work. On 01/01/2025, I wrote that our focus should be on the US Federal Reserve (FED). This bank (if you choose to call it a bank) is the most powerful institution in the world and I want to add now that another department we need to quickly update ourselves about is the US treasury, championed by its secretary, Scott Bessent. Collectively, these guys all want lower interest rates. The FED will not drop rates until the incoming data suggests it is appropria...

 Happy New Year!!! Due to my geographical location, I was among one of the last regions to enter 2025. By the time midnight came around for me, most people had already celebrated the New Year. Well, we're all in 2025 now, and it's that time of year when I engage you again about the year ahead and what I thought of the previous year.  You know me by now to some extent that I'm mostly writing about finance and money since 2021. It's a personal task I decided to embark on to learn by doing and not follow the normal education route required for such disciplines. This has meant more of my time is spent studying economies, how inflation and central banks work their way around money, what roles politics plays in all of it, and the most important part of it all; personal finance. Famous motivational speaker Les Brown once said and I paraphrase " If you regularly read a lot of books about any particular subject for at least 5 years, in that time, you'll become one of th...

Hi there! If you find me witing a lot about money and cryptocurrenies, just know that it is what is in my  mind most of the time. As someone who has grown into not talking a lot, I run plenty scenarios in my head before I speak. On Wednesday the 4th of December, 2024, the Federal Reserve (FED) chair said something that may have energised markets. When asked about his take on Bitcoin, he said         “People use Bitcoin as a speculative asset. It’s like gold—it’s just virtual and digital,”                                                                                                   Jerome Powell.                                 ...

Hi and Welcome! It was the year 2011 and I was just still a kid who had grown to mimic his father by paying close attention to world news. Deep in a remote hilly village of the Congo basin, a free TV channel known as Press TV covered world events like none other. I was often times glued to the TV watching as President Muammar Gadaffi of Libya was killed by his own people with the support of the US and the West. Back then, I didn't really understand what was going on; rather, I just followed and kept myself updated on how the civil unrest was going. It will take me several years to fit the puzzle together and get a clearer picture of why things unfolded the way they did.                                                                                             ...

If ever there was a word or an adjective to describe inconsistent blogging, it would be my name. Well, that is just what it is and I have no excuses to give. Every time I sit to write, I just can't help but blame myself for the inconsistency. If anyone could turn this around, I trust myself to do just that.  The topic of today's article is about my investments. There's no better time to talk crypto than now. From my last article on this subject, you would have heard me say markets would offer opportunities to buy at good prices. Since early June of this year, I had positioned my bank account to buy regular dollar amounts of Bitcoin weekly. It's safe to say, that with BTC above $90000, my portfolio is doing quite well percentage-wise. As I stated months ago, I was huge on altcoins because I wasn't capitalized enough to tackle BTC head-on. However, I know the power of compound interest and with BTC, I believed and still believe that we are just getting started. In the...

Hi! I hope you're having a great day. I'm going to keep this short so let's get to it.  I'm black and proud. And I realize that many fear acknowledging that races do exist and matter. Europe has been a place for the white race or let me say Caucasians. I don't care whether they originated as some different color in some other place before massively settling in what we know today as Europe. Just like Africa is Indigenous to the black skin folk and Asia to the brown skin folk. if you're to be honest, then you must acknowledge this. Black folk feel a sense of entitlement when Africa is talked about. This is just normal for white Europeans to feel the same when Europe is talked about. All these people have systems and beliefs that they share and practice. If something threatens to do away with that, then they are bound to be retaliation because fear or concern of losing one's identity is worth every penny. This is the problem with migration because it tends to e...