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Tyson At It Again...
California Has An Electricity Problem And South Korea Is Buying Gold...
The Daily Ninja 5/11/24
Updates From The Economic Ninja
(5/10/2024)
😡 "I think there is a push a move to absolutely bankrupt the entire State of California."
🚗 "Gavin Newsom's plan for all cars to be electric by a certain date was deemed impossible even by Tesla, highlighting the challenges of infrastructure for electric vehicles."
🌎 The policy sends the signal that conservation doesn't count, potentially undermining efforts to promote energy efficiency.
😡 "The governor wants to destroy your pocketbook and what's crazy."
🏠 Homeowners in California can never go completely off the grid and will always owe the local power company a fixed rate, regardless of their energy usage.
🔌 The utility company can charge a fixed fee for the rest of a property's life, even if the owner goes off the grid.
😤 "You're just a slave to the lender and the lender sometimes is a utility company."
(5/10/2024)
🤯 Gold bars and coins are selling like hot cakes in Korea's convenience stores and vending machines, signaling a shift away from the US dollar.
🌎 The rest of the world is buying up gold like crazy and dumping dollars.
💰 People in their 30s were most active in purchasing gold bars, accounting for over 41% of total sales, showing a trend of younger generations investing in gold.
📈 Demand for gold in South Korea rose 27% in the first quarter of this year, indicating a significant increase in investment in the yellow metal.
Be prepared, not scared!
-Ninja Out
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