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Shit to Know Friday
Sorry we're late xx
The Shit to Know Thursdays
Alright man look,
I’m sorry we’re a day late on this one, but you won’t mind after you’ve read this beauty of an email. All the shit that happened this week, in one email. Enjoy.
Market Indices & Commodities
Gold | $2,716.97 | +1.02% |
Copper | $4.33 | -0.97% |
Silver | $33.19 | +4.74% |
NASDAQ | $18,498.47 | +0.68% |
S&P 500 | $5,865.53 | +0.41% |
TSX | $24,828.62 | +0.56% |
CSE | $169.51 | +1.59% |
Economy
Gold Hits New ATH; USD and Bond Yields Soar too
Interestingly, pretty much everything about the US economy is on the up.
The dollar index continued rising yesterday, and is now up 12 of the last 2 weeks. And strangely, gold pumped to yet another ATH, at $2700.
Bitcoin and oil prices stagnated and basically just flat-lined yesterday, but what’s really interesting here is this:
The last few weeks have been unusual, in that the spikes of the dollar and gold have been unusually closely correlated.
Weird shit, but I guess I shouldn’t be surprised, we are only a few weeks out from probably the biggest US presidential election ever. Hold on tight fellas.
Politics
Kamala is Fucked
Listen here, I’m about to go on a bit of a rant about this bitch Kamala. She made a list of inexcusably retarded mistakes on Wednesday, in her interview with Fox News:
She thinks it’s a good idea to do an interview with Fox News (the political home of Republicans).
She dodged the interviewer, Bret Baier’s questions constantly.
Blamed everything on Trump.
Refused to distance herself from Biden and wouldn’t stop sucking him off.
After the interview, Trump’s odds of victory surged above 61%, as his spread against Kamala hit a lifetime high of 22.6. Well done Kamala, nice job.
Most importantly, Kamala’s biggest flaw has been revealed:
She is unwilling to talk about her own agenda for America. She can only attack Trump.
Feature
American Drinking Rates Hit Highest Level Since 1970s
America’s booze consumption has been on the up since the Dot Com bubble burst, and per capita levels are approaching the highs last seen in the 1970s, when America was facing sky-high inflation.
And now, following Corona, Ukraine War, Israel War and the inflation storm, alcohol consumption rates have jumped up again.
Now, parallels can certainly be drawn between the shitshow known as Bidenomics, which has caused this inflationary misery in America, and the inflation storm in 1970s USA. Furthermore, frankly retarded foreign policy, pushing the world to the brink of WW3 has sent even more people to the bottle.
This is my new favorite economic indicator: the more we drink, the more fucked our economy is. Suddenly, a declining economy doesn’t sound so bad huh…
Energy
Big Tech is Moving to Nuclear Power
Some of the big boys in Silicon Valley have decided that nuclear energy projects are the next big play. In fact, the Big 3 Megacaps are all in on it.
Back in March, Amazon Web Services acquired Talen Energy’s data center campus, which is connected to the Susquehanna nuclear power station in Pennsylvania, for $650m.
Then, 2 weeks ago, Microsoft made a deal with Constellation Energy to restart the Three Mile Island nuclear power plant, for context, this is the site of the worst nuclear accident in US history.
And finally, Google. Google is believed to have been working with utilities int he US and other countries to assess nuclear power as a possible source of energy for its data centers.
It’s no secret that all the AI stuff, these 3 companies are forming the backbone of, eat power like a fat kid eats candy. This power’s gotta come from somewhere. Don’t get me wrong, I’m not some liberal blue-haird communist, but I do know that the coal and oil will run out at some point, so we really do gotta start looking elsewhere. Is nuclear really the play though?
Thank You
That’s all Folks
Just a few more hours fellas, peace🫡