Written by Bryan Lutz, Editor at Dollarcollapse.com:
If you’re new here…
Every Sunday morning I send out three thoughts.
Sometimes these thoughts are on the economy, life, or hard assets.
If they’re helpful or hopeful to you, that’s great… Sometimes it just comes down to reality. That’s what I’m interested in…
So, here we go.
Here are three Sunday morning thoughts for you:
1. Innovation, hard work, and consistency are the only ways to achieve prosperity. Who’s going to tell Europe?
Productivity was stagnating in Europe.
Now it’s on the decline.
Now it’s on a slow decline.
Here are three seemingly disparate factors:
Over the last several years Spain has destroyed more than 300 damns in the name of the environment. Now floods in their country are the result of “climate change.”
Germany has shut down 15 nuclear power plants since 2003. Five of fifteen plants were shut down in 2023. New, green power projects are being placed in the hands of major government subsidies.
And the UK has taken in tens of thousands of asylum seekers…
Each of these countries are placing social problems into the hands of the government, hoping that the redistribution of wealth will solve the woes of the world.
You cannot multiply wealth by dividing it.
Unless you’re raising a basket of bread and fish to the sky, you have to work for your meals.
You have to produce real things with consistent, goal-oriented hard work.
2. Gold has an increasingly positive long-term outlook, but a strange thing is happening to Bitcoin, right now. Here are three factors worth paying attention too.
BlackRock’s Bitcoin ETF surpassed its gold fund this week.
More funds continue to pour into the fund every day…
More than $6 Billion each day, actually.
You see, not only is the newly elected Trump promising to create a Strategic Bitcoin Reserve for the United States, it’s also about time for Bitcoin cycles up after every post-halving.
About 6 months after each halving event, Bitcoin cycles up more than 330%.
So, there are three factors that will most likely push Bitcoin to more than $150k by April this year.
- A US Strategic Bitcoin Reserve.
- Post-Halving Cycle Up
- Extreme fiat inflows to Bitcoin ETFs
3. Tomorrow is Remember Day in Canada. Our family will remember those individuals who braved war and gave their lives for the State. I am glad there’s been hardly any violence after the US election.
It is a tragic time for me having served Canadian veterans for several years in the Royal Canadian Legion.
I’ve heard too many stories of sacrifice.
Too many stories of friends lost.
For instance, I remember speaking to a veteran from the Royal Navy(Britain) as he regaled me on the stories of pulling wreckage and bodies out of the water just off of Juno Beach, France, the day after D-day.
It’s a funny thing, actually. He was not actually assigned to that ship.
He was assigned to a war ship, but in the last moment, he and his close friend from training were switched.
His friends ship sank on D-Day, while he came in for clean up the day after…
I can’t imagine thinking about that switch, or how many times it came to mind throughout the vets life…
More than a few times, I’m sure.
So I am staunchly anti-war.
That, and as an aside…
I dis experience the faith of Mennonites in my “coming of age.” They’re pacifists, and they’ve influenced me quite a bit.
Another influence has been our Publisher, Mark Jeftovic. He’s a libertarian, and I find value in the ethical premise of non-aggression, and private property. Yet, I’m not entirely set on where I stand with the State.
There’s this though…
If you look at the number of murder cases in the 20th Century and then compare them private vs. public, you’ll find that it’s 10 to 1 deaths in war and conflict for the State.
Again, I’m so glad there’s been no fighting after US Election day, and I hope there isn’t any in the future.
Take care.
