3 Sunday Morning Thoughts – September 21 Edition

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. For the first time since the plandemic, there are more unemployed people than job openings. When the Fed’s rate cuts are implemented I don’t know if they will help too much.

Yesterday, this chart was posted by @barchart on X:

It’s a concerning chart, and it’s what the 11 who voted yes at the Fed want to fix.

But, I don’t know if it will…

Because inflation is set fire up, it will cost more for businesses operate overall.

Rather than spend the money on new hires, many businesses will be forced to pay for increasing wages, and the rising cost of inventory.

This puts the Fed in a double-bind…

It’s called stagflation.

Hiring doesn’t happen because costs increase.

Costs are too high because of rising inflation.

No growth equals stagflation.

2. Europe does not need a war to reduce the population and hand over their future. The energy crisis is doing just fine.

“Guns are dangerous.”

Yes, they are, and for all the right reasons.

If you shoot someone, they will either be severely injured, or die.

Or, if someone breaks into your home then you can defend yourself. Then again, if you’re a young woman walking the streets of Milan, Paris, or London a gun might be helpful too.

But unfortunately, there are a percentage of gun users on the wrong side of the tracks. They use guns to kill people.

For example, guns legitimized the formation of democratic governments during the 19th and 20th Century. So, governments use guns to kill people too. In fact, according to Bill Bonner in his book, ‘Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics’, the number of public vs. private deaths is 10:1.

For every 1 person murdered one-on-one, ten died in war or some other conflict.

Even when you look at the number of firearm deaths per year in the United States, the ratio is remains high. It’s around 17,900 per year.

However, this is not so in Europe.

The number of deaths caused by heat is astounding.

Take a look.

This is because most of Europe is refusing to support a healthy energy sector.

Last year, Germany stopped buying Russian oil. France and Germany still make calls to stop buying Russian oil, but they just import from refineries procession Russian oil in Turkey, and India.

And since the Fukushima in 2011, Europe has shutdown 37 nuclear reactors, which has created an energy crisis.

Because of the lack of energy, countries like Spain have regulated air conditioning and heating. In 2022, they limited AC to 27ºC and heating to 19ºC.

It’s not the heat killing people, it’s their policy-driven energy crisis.

3. If you read this week’s post on Cultural Fatigue and Feudalism, don’t worry. There’s hope.

You know the old saying about planting a tree?

“The best time to plant a tree was 20 years ago. The second-best time is now.”

If you’ve been buying gold for a decade or more, congratulations. Maybe you even bought some Bitcoin for $5 instead of an Extra Valu Meal back in the day.

In that case, you planted a wealth tree, and if you have children, then you have a legacy to leave in the form of hard assets.

So, let’s say the economy collapses…

Or, there’s a gold revaluation and currencies are now backed by gold.

Because the monetary system is no longer inflationary and credit is hard to obtain, people tend to save money. And that means, people will also want to hold on to their hard assets – gold, silver, Bitcoin, real estate etc…

In a few years, all that gold, silver, and sat stacking you did for the past decades have more meaning than survival.

It becomes a means of prosperity to care for future generations. If you manage your future risk by accumulating hard assets in the era of fiat, you ensure future generations with foundations of a good start in life.

A good man leaves an inheritance for his children’s children.

That advice works in any monetary climate.

Take care.