Written by Bryan Lutz, Editor at Dollarcollapse.com:
Alright, it’s Sunday.
Here’s what we do.
Every Sunday I share a few thoughts with you, and other subscribers at Dollar Collapse.
Sometimes we’ll talk about economics, sometimes recent events, and other times, life.
Alright, here are three thoughts for this morning:
1. Despite the gold FUD, many will be surprised when gold prices head back up again.
There is a lot of gold fear, uncertainty, and doubt out there, right now.
Gold has lost all of its 2026 gains. It is now forming the bearish technical harbinger, the death cross… and investors are pulling their money out of gold ETFs (one of the biggest monthly outflows in 13 years).
Despite all this, many will be surprised when gold turns around so quickly.
Gold $GLD on the brink of a Death Cross ☠️ for the first time since October 2023 🤯 pic.twitter.com/W8UI1Mdnjp
— Barchart (@Barchart) June 27, 2026
Gold $GLD has seen total withdrawals of $12 Billion since the end of February, the largest 4-month outflow in 13 years 🤯 👀 pic.twitter.com/1qD8Sj2kLb
— Barchart (@Barchart) June 26, 2026
Other than US deficits, debt, and interest payments on that debt, gold is coming down to build a base for its next launch upwards.
So, we aren’t looking at gold being placed in the back corner of the investment closet. In the long-term, it’s just a matter of time before it reaches another all-time high.
2. Outrageous promises have been made for many emerging technologies in the past. Many of them had the long-term opposite effect of the utopia promised. We need to ask the question, “Who benefits?”
JP Morgan CEO, Jamie Dimon has made some incredibly high-brow comments on the horizon of the world’s next big technology. It’s almost surprising that AI hasn’t claimed Fountain of Youth status yet, but it’s close.
So, I asked ChatGPT what some of technologies promises were in the past.
🇺🇸 JAMIE DIMON, CEO OF JPMORGAN CHASE, SAID IT OUT LOUD:
“YOUR KIDS WILL WORK 3.5 DAYS A WEEK.
LIVE TO 100.
AI IS GOING TO CURE CANCER, STOP CAR CRASHES, MAKE NEW MATERIALS, SAVE LIVES.
LIFE WILL BE BETTER.”
HE’S NOT A TECH BRO DREAMING OUT LOUD.
THIS MAN RUNS THE MONEY. pic.twitter.com/WPhO2khqzv
— Vivek Sen (@Vivek4real_) June 27, 2026
Here are a few of those promises:
Steam Power = “Unlimited Industrial Growth”, “Conquer Distance and Time”
Rail transportation = “Unite Nations”, “Bring Permanent economic growth”
Automobile = “Freedom for everyone”
Space Exploration = “Moon bases”, “Colonies on Mars”, “Vacation in Space”
Internet = “Universal Knowledge”, “Worldwide Democracy”
The recurring themes look something like this:
1. We’ll work less.
2. We’ll become wealthier.
3. Disease will disappear.
4. Humanity will unite.
5. Knowledge will become universal.
One thing it did not mention, was “Who benefits?”
Investors, entrepreneurs, workers, and consumers are the obvious, but it is really those who are not mentioned… the Elites, or those who already hold significant power. The benefit the most because they will own the infrastructure. the intellectual property of the data centers, and any other capital created as a result.
3. Sometimes all it takes is a bit of comedy to reveal the hardest truth. For example, there has never been such a scramble for abortions as there is today.
Sometimes comedy is the most effective tool to reveal truth. That’s part of the reason men like Dave Chapelle are so controversial. He can find the hot buttons, the obvious truths no one talks about… then he presses on them a bit, and exposes the truth.
One of those topics is, for example, abortion.
Pro-choice advocates often boo and hiss in the face of rhetoricians claiming that every year the holocaust is alive and well in America. Whereas Pro-lifers will look at this and simply agree.
When more specificity is added to the subject, and maybe a few analogous stories here and there, the absurdity of the pro-life position becomes laughable. Here’s some pro-life comedy from London that does just that.
