Better Than Bitcoin? (Top Crypto for Less Than $1)

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. 2025 is already shaping up to be another banner year, with Bitcoin recently hitting a new all-time high. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto right now.

Syria's economic pains far from over despite Assad's ouster

KAREEM CHEHAYEB
January 24, 2025

DAMASCUS, Syria (AP) -- Samir al-Baghdad grabbed his pickax and walked up a wobbly set of stairs made of cinderblocks and rubble.

He is rebuilding his destroyed family house in the Qaboun neighborhood near Damascus, Syria 's capital.

The traditional building, which once housed his family, parents and some relatives, had a courtyard decorated with plants and tiled floors where guests were received. But the house, like scores of others nearby, has been reduced to heaps of rubble during years of civil war.

Al-Baghdadi can't afford to hire workers or rent a bulldozer to clear the debris and fix the house. He makes just about enough money as a mechanic to feed his family. But he's desperate to rebuild it because he is struggling to pay skyrocketing rent for an apartment.

"Economic opportunities are basically nonexistent," al-Baghdadi said, sitting on a pile of rubble and debris where the house's entrance used to be. "So we're going to slowly rebuild with our own hands."

Although Syrian President Bashar Assad was toppled last month in a lightning insurgency, the country's dire economic conditions that protesters decried have not changed.

The economy has been battered by corruption and 13 years of civil war. Coupled with international sanctions and mismanagement, inflation skyrocketed, pulling some 90% of the country into poverty. Over half the population -- some 12 million people -- don't know where their next meal will come from, according to the U.N. World Food Program.

With no sign of a full-scale withdrawal of international sanctions and continuing caution among potential overseas investors, the honeymoon period for the country's new rulers could be short-lived.

Qaboun, just a stone's throw away from the city center, and other eastern Damascus neighborhoods became rebel strongholds in 2012, when the country's mass protests against Assad spiraled into all-out war.

It suffered government airstrikes and artillery fire, and at one point Islamic State group extremists. In 2017, government forces reclaimed the neighborhood, but when al-Baghdadi tried to return in 2020, security forces kicked him out and forced him to sign a pledge to never return, saying it was a security zone that was off limits.

After Assad's fall, al-Baghdadi was finally able to return. Like many, he was euphoric and hoped it would pave the way for better times despite the many challenges that lay ahead, including rampant power cuts and fuel shortages.

For years, Syrian families have relied on humanitarian aid and remittances from family members living abroad to survive. On top of the gargantuan costs of rebuilding the country's destroyed electricity, water and road infrastructure, money is needed to restore its battered agriculture and industrial sectors to make its hobbled economy productive again.

The United Nations in 2017 estimated that it would cost at least $250 billion to rebuild Syria. Some experts now say that number could reach at least $400 billion.

Wealthy Gulf countries have pledged to build economic partnerships with Syria's new interim rulers, while Washington has eased some restrictions without fully lifting its sanctions. The U.S. Treasury Department issued a six-month license authorizing some transactions with Syria's interim government. While it includes some energy sales, Syrians say it isn't enough.

Sinan Hatahet, an economic researcher at the Washington-based Atlantic Council think tank, said the U.S. actions were the "bare minimum" needed to show good faith to Damascus and aren't enough to help Syria jumpstart its economy.

"It doesn't help the private sector to engage," Hatahet said. "The restrictions on trade, the restrictions on reconstruction, on rebuilding the infrastructure are still there."

While countries are hesitant to make more impactful decisions as they hope for a peaceful political transition, many Syrians say the economy can't wait.

"Without jobs, without huge flows of money and investments ... these families have no way of making ends meet," Hatahet said.

The executive director of the World Food Program echoed similar sentiments, warning Syria's neighbors that its food and economic crisis is also a crisis of security.

"Hunger does not breed good will," Cindy McCain said in an interview during her first visit to Damascus.

In the Syrian capital's bustling old marketplace, crowds of people pack the narrow passageways as the country's new de facto flag is draped over the crowded stalls. Merchants say the atmosphere is pleasant and celebratory, but nobody is buying anything.

People stop to smell the aromatic and colorful spices or pose for photos next to masked fighters from the ruling Hayat Tahrir al-Sham group guarding the market's entrances.

"We're very happy with our liberation, thank God, but there are few jobs," said Walid Naoura, who works with his father at a clothing shop. "Yes, we've been relieved of thuggery and oppression, but all these people here have come to celebrate but not to buy anything because things are expensive."

Nearby, Abou Samir, a carpenter, saws a piece of wood as he assembles a chest of drawers. There is no electricity to power his machinery, so he's doing it by hand.

"I'm working at a loss ... and you can't make larger workshops work because there is no electricity," he said.

His sons live abroad and send money to help him get by, but he refuses to stop his carpentry work which has been his livelihood for 50 years.

In Qaboun, al-Baghdadi sips tea on a makeshift porch overlooking his neighborhood, which has turned into empty plots and a gathering point for local buses and minivans. It was a successful day because he managed to connect an electric cable to power a single light bulb -- but part of his roof collapsed.

He still hasn't been able to secure running water but hopes that he and his family can move into the house with its many memories before summer, even if it is far from completion because of his financial situation.

"I prefer that to living in a palace elsewhere," al-Baghdadi said.

Continue Reading...

Popular

Velo3D Stock Soars After Q3 Earnings: Highlights From The Report

Shares of Velo3D, Inc. (NASDAQ:VELO) are rising Tuesday after the metal 3D printing company reported third-quarter earnings results.

Asian shares are mostly lower despite Wall St rally and a potential end to the US shutdown

BANGKOK (AP) — Asian shares were mostly lower on Tuesday as the recent rebound fueled by buying of technology shares lost steam.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

Indigenous groups get the spotlight at UN climate talks, but some say visibility isn't power

BELEM, Brazil (AP) — Indigenous people are used to adapting, so when the power failed at their kickoff event at this year's , they rolled with it. Participants from around the world sweated through song, dance and prayers, improvising without microphones and cooling themselves with fans made of paper or leaves.

Everyday volunteers are providing stopgap services during the shutdown in a show of community power

NEW YORK (AP) — It started with a late October meeting between a lifestyle entrepreneur, a marketing professional, a restaurant owner and a social worker at a brewery in the Florida panhandle. Within hours, Pensacola Grocery Buddies was born.

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

Marjorie Taylor Greene Buys Blue Chip Stock Near 52-Week Low

Marjorie Taylor Greene is known for buying multiple stocks at a time, based on recent disclosures. A new filing shows one stock bought in November.

Trump Triggered 70% Gains Overnight -- This Rare Earths Stock Could Be Next - Ad

Trump's turning tiny mining stocks into overnight fortunes... and this little-known rare earths miner could be his next billion-dollar BUY. If Trump cuts a deal you could see a 50% to 200% pop overnight. But you must act before the next deal hits the wire.

Axon Enterprise: From TASER To AI-Powered Public Safety Platform

Axon Enterprise is executing an interesting transition from hardware vendor to high-margin SaaS and AI platform...

Shutdown to leave mark on US economy from lost paychecks, canceled flights

WASHINGTON (AP) — The longest federal government shutdown in U.S. history appears to be nearing an end, but not without leaving a mark on an already-struggling economy.

Bitcoin's Pullback Could Be Your Gain - Ad

More than 70 cryptos have recently outperformed Bitcoin and it's not the first time. During crypto's last bull market the top 100 coins NOT named Bitcoin went up by 174%. Now the signs show that it's happening again. This could be a chance to strike gold in some far corners of the crypto market.

How Tyson's Chicken Business Will Offset Beef Weakness

Tyson shares rise as pricing catch-up expected to ease cost pressures; chicken strength offsets beef headwinds amid stable feed costs.

The Market Just Crossed a Dangerous Line - Ad

The man who predicted the 2008 crash and 2020 says today's soaring markets are NOT a bubble - they're something far stranger and more dangerous. He says it's about to change everything you know about money.

Marjorie Taylor Greene Goes Bargain Shopping, Discloses Buying These Two Stocks At 52-Week Lows

Congresswoman Marjorie Taylor Greene disclosed some new stocks recently. Unlike past trades in 2024 and 2025, the latest disclosure is rather unique.

Elon's $25 Trillion Confession - Ad

Elon Musk: "Tesla will become a $25 trillion company." That would make Tesla 8x bigger than Apple today. How is that possible? He admits it's all thanks to this one AI breakthrough that will take AI out of our computer screens and manifest a 250x boom here in the real world.

Why Is Occidental Petroleum Stock Gaining Tuesday?

Analysts highlight OXY's robust earnings, production guidance, and expanded resource base as key growth drivers.

Trump attacks ABC News correspondent Mary Bruce in angry response to three sharp questions

NEW YORK (AP) — President Donald Trump denounced ABC News' Mary Bruce as a “terrible reporter” Tuesday and threatened the network's license to broadcast after she asked him three sharp questions at the White House.

Investing Legend Hints the End May Be Near for These 3 Iconic Stocks - Ad

Futurist Eric Fry say Amazon, Tesla and Nvidia are all on the verge of major disruption. To help protect anyone with money invested in them, he's sharing three exciting stocks to replace them with. He gives away the names and tickers completely free in his brand-new "Sell This, Buy That" broadcast.

Weiss Gold Veteran Makes Shocking New Call - Ad

Weiss expert Sean Brodrick went out on a limb last year and declared a historic event would send the yellow metal to $3,150. People laughed at him at the time, but he was off by just two days. Now, Sean has a shocking new prediction for gold ... and reveals a little-known way to get ahead of this bull market.

Trump's $2,000 Tariff Dividend Stumbles On Math: Cost Far Exceeds Revenue

Trump's $2,000 tariff rebate plan faces a major math gap, with estimated costs up to $606.8B—far exceeding tariff revenues in 2025 and 2026, says the Tax Foundation.

TSMC Ex-VP's Home Raided As Chip Giant Alleges Intel Recruit Leaked Trade Secrets

Taiwan prosecutors raided the homes of a former TSMC vice president accused of leaking advanced chipmaking secrets to Intel, a claim Intel firmly denies as the high-stakes investigation intensifies.

If You Hold Any Dollars in Your Bank Account, Read This... - Ad

Strange events are unfolding in the global financial system. A monetary reset dubbed the "Mar-a-Lago Accord" is quietly in motion, and the financial elite are already taking protective action. If history is any guide, you could lose up to 40% of your wealth in the next two years. Move your money before it's too late.

Trump May Formally Offer Putin Control of Occupied Ukrainian Land in Proposed Peace Deal

The U.S. is reportedly prepared to formally acknowledge Russia's hold over Crimea and parts of eastern and southern Ukraine as part of a proposed agreement to end the war.

Wall Street Roars Back As Rate-Cut Odds Surge — This Week In Markets

Stocks rallied on rising Fed rate cut bets for December, with Alphabet hitting $4T and health care, auto sectors showing renewed strength.

Better Than Bitcoin? (Top Crypto for Less Than $1) - Ad

Over the past 15 years, Bitcoin has outperformed stocks, bonds, and every other asset you could've bought. 2025 is already shaping up to be another banner year, with Bitcoin recently hitting a new all-time high. But there's a better way to profit from this new crypto rally. Most people don't know about it... and yet it's returned over 1,000% in 4 months. This could be the #1 way to invest in crypto right now.

Iran confirms seizure of oil tanker in the Strait of Hormuz

TEHRAN, Iran (AP) — Iran on Saturday confirmed as it traveled through the narrow Strait of Hormuz over violations including carrying an illegal consignment, state media reported.

Canada's prime minister and Alberta's premier sign pipeline deal that could reverse oil tanker ban

TORONTO (AP) — and the premier of Canada’s oil rich province of Alberta agreed Thursday to work toward building a pipeline to the Pacific Coast to diversify the country’s oil exports beyond the United States, in a move that has caused turmoil in Carney's inner circle.

Trump Signs Law to Launch Dollar 2.0 - Ad

Trump just signed law S.1582, unleashing the biggest money shift in 100+ years. For the first time since 1913, private firms - not the Fed - can mint a "Dollar 2.0." Treasury says it could drain $6.6T from banks and pay 10X current savings rates. Early investors in minting firms could see 40X returns by 2032.

California revokes 17,000 driver's licenses. But the state disputes it is over immigration concerns

California plans to revoke 17,000 commercial driver’s licenses given to immigrants after the Trump administration raised concerns about people in the country illegally receiving licenses to drive a semitruck or a bus. But Gov. Gavin Newsom said that isn't the reason.

A lost generation of news consumers? Survey shows how teenagers dislike the news media

NEW YORK (AP) — Cat Murphy, a college student, has wanted to be a journalist since she was 11. Many of her friends don't understand why.

Legally "Skim" $6,361 Into Your Account? - Ad

A former hedge fund manager is now sharing his "Skim Codes" with regular people. They're not stocks. They're not crypto. They're 18-character codes designed to profit from recent market conditions. All you have to do is punch them into an ordinary brokerage account. 84% of these codes have given people the chance to generate cash payouts so far... and his next code is going out any day now.

OpenAI's Partners Rake Up $96 Billion Debt as AI Industry's Borrowing Trend Escalates

Companies supplying data centers, chips, and processing power to OpenAI have racked up a staggering $96 billion in debt to fund their operations.

Analyst Sees Strong Medtronic Momentum Through 2026 With Buy Rating Intact

BofA expects Medtronic to post over 5% second-quarter revenue growth and maintain strong momentum through 2026, driven by robust procedure trends.

Trump Triggered 70% Gains Overnight -- This Rare Earths Stock Could Be Next - Ad

Trump's turning tiny mining stocks into overnight fortunes... and this little-known rare earths miner could be his next billion-dollar BUY. If Trump cuts a deal you could see a 50% to 200% pop overnight. But you must act before the next deal hits the wire.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service