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Welcome back to another week with Renaissance. The newsletter equivalent of Tyrion Lannister…..

- Each week we give you actionable pieces of intel and opportunity to build wealth and assist you on the journey to financial independence. 🛣

Here’s what you need to know today:

Biden Bumps The Debt Ceiling - The 3 Moves You Can Make

Why WorldCoin Is Still An Under The Radar Investment

How To Get Wine Wealthy From Climate Change

The Secret Financial Gain Killer 

- And remember guys we don’t do this all for free…..well we do, but still. Honour our gentlemen’s agreement and refer a friend. 🤝 

- We’ll give you our best new AltCoin pick. We have already called PEPE and a 50X short position in the last month!

You are: 1 referral away from the best new AltCoin pick. 

 Refer your friend using the link below ➡  Reply to this email, copying in your referred friend with the word “AltCoin”

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The Board

The Renaissance Over-Under

Business, Money Markets & Financial News

Biden Bumps The Debt Ceiling - What It Means For Your Stonks 💸

- Right now the US is $31.8 trillion in debt….…and they’ve just agreed to increase it again. God bless America 👏 

- In a nut-shell, the US has just paid the credit card bill with their other credit card. Genius economics at work people.

- The pro takeaway here⚡: If the debt ceiling increases it avoids default and stops a complete meltdown of the dollar and stonk market - this is good, you want this and your stonks are safe…….ish.

- The cons: They’re going to turn America’s credit rating from a Five Guys to a McDonalds. 🍔 The debt is going to get more expensive and the increased interest will get slurped up by the consumers…….that’s you little man.

- Watch and see. America’s credit rating will drop, butttttt in actuality it doesn’t matter. A rating is more like a bribe on a piece of paper that says you’re a good guy.

- The VIX (the volatility indicator, if you don’t know to monitor this, you’re welcome🤝) has stayed pretty flat the last few weeks. And has now broken down after ol’ Biden maxes out all the nation’s credit cards.

- ‘PRICED IN’, as the degens’ say.

- Historical lesson: We faced this issue in 2011 too, and just like then we decided to leave it until the very last minute. We’ve seen this movie before and so have the markets.

- No one thinks America will actually default - and just like the fat kid who joined my school wrestling club, America is just too big to fail. The Mexican standoff never lasts. This has happened 78 times in the past guys!

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- Alpha: At Renaissance, we’re always saying - history doesn’t repeat itself but it does rhyme. And this is practically some Charlie Sheen jingle shit.

- The play is simple; if you’re trading on margin (1. The balls on you), wind it in until it’s written and signed by congress. ✍ And if you don’t know what to do with cash or stocks see 2 and 3 below (it’s like a choose your own adventure but for your money in an apocalypse)

 2. Buy Crypto - easy non-US hedge and no debt thereeee. This is also a good signal for Crypto market inflows! A good buy time.

3. Buy short-term Treasury Bills for the free interest and take advantage of the short term spike in volatility!!! From May 8, the 1-month Treasury bills were printing 5.4%.

….And and and, get this……’” the 2011 debt notes show there wouldn’t have been a default on Treasuries, so free money with a bigger payback is the protocol here everyone ” (August 2011 Federal Open Market Committee).

Wow look at us with actual references, it’s almost like we were professional for a minute there and not smart degenerates……..huh

Get Wealthy And Drunk Due To Climate Change - An Alt Investment Breakdown

- A match made in heaven for Renaissance - massive price appreciation, and it’s alcoholic🍷

- We’re running out of wine……nobody panic! Climate change is destroying crop yields of those sweet sweet grapes, and they’re not adapting fast enough to cope!

- In 2016 wine production hit a 20 year lowww! And it’s only getting worse…….

- We’ve already crossed the 1 degree increase in temperature, a 2 degree increase would obliterate 56% of vineyard land.

- And if I’ve learned anything from wasting time watching Armageddon movies. It's that it makes wealthy people want expensive, tangible assets even more.

- Science lesson: We here at Renaissance are also quite the scientists, so let me give you the TLDR: 👇

- The heat makes the grapes ripen too fast and produce too much sugar. This is trash as it converts to too much alcohol (never thought I’d say that).

- The real losers are going to be countries that are already warm and have quite late ripening varieties. GUESS WHO - Italy and Spain. Total goners. 👋

- Smart money movers: Gates has bought up land across America (some of which will be perfect for vineyards as we rotate the land due to climate), and ironically Trump has made a killing with his investments in Virginia Vineyards after he said climate change is a hoax.

- Bollinger, Taittinger and Pommery have all bought acreage in the south of England, home to the country’s top sparkling wines. They’re ready for home to get HOT. 🌡

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- The Alpha: The obvious play is to invest in land that producers will have to rotate to as it suits their grapes. You can do this passively in fractional land ownership, or invest in wineries in those areas. 

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- Orrrrr…….if you really want to get the best ROI then you have to choose. Do your research, find the most affected regions and their top labels. Stock an index of great vintages and take a venture capital approach. Say most will appreciate a little, but you’re looking for a few winners to 10X. 📈

LITTLE BITS 😎

Debt ceiling shhhhtuff if you’re interested…

https://money.com/what-debt-ceiling-fight-means-for-investors/

https://www.investopedia.com/terms/d/debt-ceiling.asp

Wine research and info for choosing the best investments

https://www.ft.com/content/74cc2b88-e8d1-4210-9ee3-51715e4cd5ac

https://www.linkedin.com/pulse/climate-changes-unprecedented-opportunity-wine-investors-maxwell-nee/

Crypto links

https://worldcoin.org/

https://www.coinbase.com/how-to-buy/worldcoin

https://techcrunch.com/2023/05/26/explaining-blockchain-capitals-big-bet-on-an-eyeball-scanning-orb/

NOSTALGIA OF THE DAY

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Crypto Market & NFT News

Give Sam Altman Your Eyeballs - An Investment Strategy 👁

- Sam Altman (OpenAI) has raised $115 million for WorldCoin.

- WorldCoin TLDR: He wants to scan your eyeballs with an orb so he can uniquely identify you with a zero-knowledge-proof from your iris (like a fingerprint). In return he’ll toss a few WorldCoins to your witcher. i.e. ‘proof of personhood’

- “ All we’ve gotta do guys, is go out there with an orb and get everyone’s eyeballs in the whole world “ 🤲 - WorldCoin has raised from the biggest names in Silicon Valley, even A16z!

- The pro point WorldCoin has over others is that it uniquely allows you to get an even share of the currency. Providing a better basis for price increases and participation. In this sense it is an actual even distribution of WorldCoin.

- ………but at what price. It is also a payment network after all. You could easily accumulate WorldCoin from others via transfers and own a disproportionate amount compared to the 99%.

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- When it comes to dismissing or betting against Sam Altman, I’d think again. I’d stick to worrying about accumulating Worldcoin from friends and family or buying secondary shares/tokens to speculate on it’s future as a unique payment method.

- And if you’re freaked out about your eyes, shut up - Zuck already has your whole face on his bedroom wall! You may as well be paid for it! 💲

- The real benefit the layman won’t understand - that we at Renaissance are all excited about - is that it stops against Sybil attacks!

Sybil Attacks 

“A Sybil attack uses a single node to operate many active fake identities (or Sybil identities) simultaneously, within a peer-to-peer network. This type of attack aims to undermine the authority or power in a reputable system by gaining the majority of influence in the network.”

- This is, and is going to be, a real big problem in Crypto and AI (machine actors instead of real people).

- This is where Crypto meets AI with an actual problem to solve with fair distribution. Don’t let other people do the manipulating, stack some WorldCoin and do it yourself!

- Gotta speculate to accumulate……....eyeballs. 👀 

Wealth Building, Personal Finance Hacks & FAT FIRE

- Here at Renaissance we like to make money fast. But hey - we also like making it slow. That way we’re always making it!

- True wealth building can be a slow game. Money compounds, and the secret ingredient is time.

- After all Warren Buffet made 99.7% of his wealth after age 52………that was also when he started reading Renaissance but you get the gist. 🤷‍♂️

- Now we might not always be as patient as Buffett. But we’re going to discuss the secret killer that destroys your gains. And no it’s not cardio.

 Fees 💰

- Investment fees come in many forms: Annual Management Charges, Platform Fees, Commission, Transaction Costs, FX fees and they all add up!

- What may seem incredibly small at the time can compound into massive results in the long run. So you best be sure those active managers are worth paying the extra basis points in fees ……….looking at you Cathie 👀

- Over the last five years the NASDAQ QQQ ETF is +100.9% while ARKK is -9.20% and has twice as expensive fees!

- Let’s illustrate the huge difference fees can make. 👇

- If you invested $1000 per month for 40 years, at an average return of 7% and annual fees of 0.10% (which are common for a passive index such as the S&P), you would end up with $2.4 million and have paid $64K in fees.

- A lot of money, but not too bad. With $2.4 million even your fee crumbs are big crumbs.

- Now: If those annual fees were 1.50%. At the end of the 40 years you would’ve had only $1.7 million and have paid a whopping $800K in fees!

- And the charge above isn’t even that ridiculous. The average hedge fund annual fee is 1% to 2% of assets invested.

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- Bottom line: Keep the fees low to hold onto those sweet gains. Just as getting 1% better each day turns us into polymath savants. 1% more fees each year means no beach house for you. 🏖😢

Meme of the Day

That’s a wrap for this week! Meet us on Twitter to talk all about it. Where we’ll send you jokes, tips, and all important news from the world of money, business and crypto and more! (@RenaissanceDly)