It’s time to lean back, relax and enjoy a little Joe …
Welcome to another exciting edition of Black Coffee, your off-beat weekly round-up of what is going on in the world of money and personal finances.
Another busy week is crossed from the list. So without further delay, let’s go straight to the comments …
A formula for success: get up early, work hard, strike oil.
– JP Getty
The good Lord has put oil and gas there to find and use, and we can do better.
– Red Adair
Credits and depreciation
Credit: Have you seen this? A single barrel of oil contains the energy equivalent of all physical work that a man can do 10 years. As macro analyst David Jensen notes, this improved the standard of living all over the world because “motors fed with hydrocarbon that previously had to be reached by a machine run by a single operator in a much shorter time.” When it comes to energy efficiency, only nuclear splitting (and merger) can compete. Despite this fact, there are people who insist to eliminate all fossil fuels.
Debit: Jensen also notes that Germany is a nation that works feverishly to sharply reduce its dependence – if not downright – sharply reducing fossil fuels. As a result, almost half (47%) of the electric grid from Germany are now powered by wind and solar energy -generated electricity. Compare that with the US, where only 14% of all electrical current is generated by the wind and sun. Now for the Punchline: electricity prices in Germany for industrial customers are 300% of those for industrial customers in the US, while diesel prices in Germany are 200% American prices. It is not surprising that the “green” energy mush has led National Deindustrialization.
Credit: On this side of the pond, the S&P 500 and Dow Augustus closed with a profit of 1.4% and 2% respectively, marking Four straight month profits For those indexes. The Nasdaq also closed Augustus with a win of 1.6% in his fifth consecutive winning month. Remember that it does not matter whether the stock market is on a bull or bear market, or that shares are rising or falling on a certain day. There are always become winners … and, eh, losers.
Debit: One thing is certain: Wall Street did not care about the structurally attracted debt problem of the United States. After all, they are more concerned with income from business income and the purchasing power of the consumer. With that in mind, macro analyst Tavi Costa this week was that: “Sometimes I stop and think about how absurd it is to claim that inflation slows down while the government runs a 7% tax deficit. ” Indeed.
Debit: Of course, with the gears of the FED signaling interest next month, Americans may want Brace for higher prices Quite quickly in almost everything. For more information, please refer to an expert in the field …
Debit: Unnecessary to say that the Fed has complete the US dollar incorrectly managed (USD). It does not matter that many would say that the US government is technically insolvent. But don’t worry – such as the MMT academics insure us: 1) We owe the majority of that debt to ourselves; and 2) The Fed can always Print as much cash as it needs to pay his obligations. That is, as long as everyone ignores the small print …
Debit: On the other hand, the incompetence of the FED should not be surprising if you consider who the Board of Directors is. In fact not one, not two, but three Governors have resigned since 2021 after they have been caught for suspicious stock of stock. A fourth Fed Gouverneur, Lisa Cook, was just fired by the president For what clearly flagrant mortgage fraud seems to be. For now she continues to defend the indefensible and refuses to leave – so the coming days and weeks must be extremely entertaining …
H/T: @DAVEFAGAN16
Credit: The tide of gold, raw materials and trade no longer flows to the aging imperial ports of the West, but to an increasing consortium of economies hardened by the market that protect the world of the world under their own flags. Towards the end of this year, the BRICS countries will order 41% of the global output With purchasing power conditions – the old developed G7 market powers, which now only checks 28% of the economic trade and production of the world.
Credit: About a related comment, a recent article on Goldsilver Says that China ‘her people and the government are quietly sending away from the USD. Be citizens pushed to buy goldWhile the state is building a parallel trade and financing system that the dollar completely spreads (via) two converging tracks: a gold-supported domestic savings basis meets a Yuan-driven foreign trade motor, creating a new, stable financial midfield. “Uh huh. Hey, people … enjoy it or not, it’s a very healthy monetary plan.
Credit: It is not surprising that the new BRICS system that is being set up is similar to the old Bretton Woods system -but without a fixed gold price. Goldsilver Also notes that: “The design of the system encourages countries one of the two paths: Investing in your own economy and see how your currency strengthens or sticks to exporting raw materials and becoming the Chinese economic satellite, just like how the US rebuilt Germany and Japan after the Second World War – except that China does the one who does the financing and franchising. “In other words: there seems to be a new sheriff in the city. Unfortunately, the general public still doesn’t pay attention.
Gary Larson – The other side
Credit: The ugly truth for those who continue to believe in the current fiat monetary System on the current is that in an era of money prints and tax dominance, The only safe haven Lieves in real assets: shares, real estate and gold. Because when the value of money becomes discussable, tangible value is the ultimate refuge. Do you have gold?
By the figures
With 8.8 million Americans who have at least one credit account where they are too late on their payments (or they can delay), a new study revealed the ten states with the least delinquencies per head of the population.
10 Wisconsin
9 Maryland
8 Maine
7 New Jersey
6 West Virginia
5 New Mexico
4 Oregon
3 Down
2 Vermont
1 Hawaii
Source: Wallethub
The question of the week
The poll results from last week
Do you like camping?
No 39%
Yes 37%
Flour 24%
More than 1900 Len Penzo Dot Com -readers responded to this week’s survey and it appears that just over 3 in 5 does not like camping or, at his best, enthusiasm is missing to row in the outdoors. You can put me firmly in the ‘Haten’ category.
When You Have a question that you would like to ask the readers here, send it to me Len@lenpenzo.com – And make sure you place “Question of the Week” in the subject line.
Useless news: camping trip
One day Sherlock Holmes and Dr. Watson to go on a camping trip. After a long first day of enjoying the outdoors, they founded their tent and fell asleep.
A few hours later Holmes woke up his loyal friend. “My best Watson! Look up at the sky and tell me what you see.”
“I see millions of stars.” Watson answered.
“And what does you say?” asked Holmes.
Watson thought about the question for a long minute. Finally, the good doctor turned to his friend and said: “Astronomically speaking, it tells me that there are millions of galaxies and possibly billions of planets. Astrologically it tells me that Saturn is in Leo. Time wise, it seems to be about fifteen minutes past three, it seems to be a nice day. You, Sherlock?”
And with that Holmes looked at his partner and said, “Watson, you idiot! It means that someone has stolen our tent!”
(H/T: Susan)
Squirrel
This is Ricky. Earlier this week he tried to attract our attention to let us know that we were too late to put the picnic table out …
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(The best of) Letters, I get letters
Every week I have the most interesting question or comment – assuming that I get one, that is. And people who are lucky to have the only question in the mail bag, get their letter here emphasized whether it is interesting or not! You can contact me at: Len@lenpenzo.com
This week I have some exciting news of it Francis EgoyiboAn officer for the Accountant -General office:
The Auditor General for the Land West Africa has established that you owe $ 9,241,000.66. We would like to know how you want to be paid …
Great! Send a check for the entire amount to the IRS as a advance tax payment on my future income.
If you liked this, send it to your friends and family. I am Len Penzo and I approved this message. 🙂
Photocredit: stock photo
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