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)

(5/10/2024)

  • ๐Ÿ˜ก "I think there is a push a move to absolutely bankrupt the entire State of California."

  • ๐Ÿš— "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."

  • ๐ŸŒŽ The policy sends the signal that conservation doesn't count, potentially undermining efforts to promote energy efficiency.

  • ๐Ÿ˜ก "The governor wants to destroy your pocketbook and what's crazy."

  • ๐Ÿ  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.

  • ๐Ÿ”Œ The utility company can charge a fixed fee for the rest of a property's life, even if the owner goes off the grid.

  • ๐Ÿ˜ค "You're just a slave to the lender and the lender sometimes is a utility company."

(5/10/2024)

  • ๐Ÿคฏ 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.

  • ๐ŸŒŽ The rest of the world is buying up gold like crazy and dumping dollars.

  • ๐Ÿ’ฐ 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.

  • ๐Ÿ“ˆ 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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