Written by Bryan Lutz, Editor at Dollarcollapse.com:
Every Sunday morning I sit down to write a few thoughts.
Sometimes these thoughts end up being about life, other times they are on gold, geopolitical issues affecting the markets, or the economy.
Here are three thoughts for this morning:
1. Consumer Credit Card debt is up, but it is not nearly costing as much as previous years.
Consumers credit card debt is soaring higher faster than ever before.
Except for, I suppose, in 2011 when all kinds of debt was re-financed and renamed for the sake of overleveraged banks.
Now we have over leveraged consumers.
Why are consumer loans and credit cards soaring so high?
My money is on all the pay-as-you-go opportunities because when you’re a bank, and you need to create more income from more people you find ways to take tear drops from the ocean.
You add small fees over a longer period of time.
You can tell something’s different.
We have yet to hit pre-pandemic average for debt service payments as a percentage of disposable income.
2. Is housing affordability really the problem for Millennials and Gen Zers?
Housing is a huge problem for the younger generations.
That’s because affordability is at its lowest level in over 25 years.
Take a look at who holds wealth in the US.
Millennials don’t have any, and Gen Zers aren’t far behind. In fact, they are usually the loudest complainers.
But what would’ve happened if millennials have saved in gold?
According to this chart of US New Homes sold in USD vs. Gold, gold wins.
New homes are more affordable if bought in gold.
Yup housing is almost at a all time low in price…
Wait you save reserves in USD??
Ahh, that’s your problem right there. pic.twitter.com/3HWSF7DW8H
— Taylor Herzog 🇺🇸🇨🇭🇬🇧 (@thetaylorherzog) July 31, 2025
So what’s really driving up the price of a new home for the younger generation?
It’s fiat money. The Cantillon Effect, and boom / bust cycle that has facilitated this real estate bubble.
3. Bryan Johnson’s research on longevity is an important contribution. It’s worth paying attention to. You might get to see your legacy 50 years down the road.
Bryan Johnson is known as the “Don’t Die” guy.
He’s tried a lot of interesting things.
For example, removing his plasma, replacing it with his own sons, and multiple stem cell-like injections and experiments for the sake of slowing his aging down. He sees no reason why humans can’t live into the hundreds or even thousands of years.
Some of the practices he recommends you can easily do yourself, even at an older age.
Like exercising…
Changing how you eat (removing alcohol from your diet)…
And hitting the sauna…
Here’s one of his most recent videos:
If you follow his protocol, who knows, maybe you’ll get to see past your third generation.
What are you thoughts on this movement?
2 thoughts on "3 Sunday Morning Thoughts: August 3 Edition"
Immaterial unless you know Jesus.
Hebrews 9:27-28 And as it is appointed unto men once to die, but after this the judgment: 28So Christ was once offered to bear the sins of many; and unto them that look for him shall he appear the second time without sin unto salvation.
You got it, Harry.