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- Uncle Sam isn’t the only one running up credit card debts. Everyday Americans are also piling on the debt. Total household debt soared to a record $13 trillion dollars in 2017. http://bit.ly/2nWl8Kw
- #Trump's economic fantasy is that since the U.S. economy is getting stronger and stronger, the U.S. dollar will get stronger too. The reality is that the big, fat, ugly bubble is getting bigger and bigger, and as the air comes out the dollar will get weaker and weaker!
- So, why does Gartman have faith the gold bulls will continue to run? Central bank policy. http://bit.ly/2xyUI58
- Chinese Investors have a renewed appetite for gold. http://bit.ly/2qTS9pO
- Dartmouth Remarks On the Minimum Wage
- Despite his intentions, Trump won’t be able to change the course we’re already on. http://bit.ly/2sVxw09
- In AZ, Gov. Doug Ducey signed a bill into law that eliminates states capital gains taxes on gold and silver specie.http://bit.ly/2rtcbZE
- The dollar is tanking. Gold is soaring. All these forecasts that I’ve been making, or that I used to make, are starting to come true and nobody cares. http://bit.ly/2DMF5MP
- Mint Capital strategist Bill Blain: "The great crash of 2018 is going to start in the deeper, darker depths of the credit market." https://t.co/AbFheHCN6m
- There's growing evidence we’re nearing a debt time bomb explosion. http://bit.ly/2rPtBjh
Tuesday, January 5, 2016
The Economy of the Star Wars Galaxy [small spoilers]
I enjoyed the new star wars movie, but I couldn't shake a certain sense of disappointment that I couldn't place until thinking about it later. It eventually came to me that what was missing from the movie was actually economic prosperity! The end of The Return of the Jedi was so exciting because both Darth Vader and the Emperor had been killed, leading to impromptu mass celebrations in streets all over the galaxy. Beings everywhere were apparently experiencing a new found sense of freedom and optimism about the future. Flash forward 30 years to the new movie, and what improvements do we see? Zero. For all intents and purposes the general standard of living of the populous appears exactly the same - which might as well be considered negative when considering the opportunity costs of all that time passed. I mean a droid built by Annikin 60ish years ago is still in regular use with no obvious upgrades? The millennium falcon is still a match for newly built star ships? Han is still a small time hustler and Leia is still in fatigues tromping around from planet to planet directing individual battles? Work for food arrangements still survive? Color me disappointed. The story was compelling, but in my heart of hearts, I don't think George Lucas would have let the familiar trump the possible like J.J. did.