The triumph of DEBT

An economy built on fake prosperity                                                                                                                                                                                                                                                                                                                                                                                                                 September 06, 2023 | [Read Online]( Dawn Report September 6, 2023 I know we are supposed to say that there’s only one America – but there’s at least two. There’s an America that’s experiencing more prosperity than ever… And an America practically enslaved by debt. There’s an America that’s single-handedly powering the global economy as the rest of the world falls into stagnation and outright recession… And an America that has completely given up on the very idea of a better future. There’s an America that offers you something… And an America that mocks your failure. You must live in one of these countries. Which one is up to you. But you will have to choose. You can’t co-exist. Let’s look at two simple news items that explain what’s happening. First, Goldman Sachs reduced the odds for a recession sometime within the next year to just 15%. That’s a dramatic reduction from the practically inevitable economic downturn many were expecting a few years ago. “We strongly disagree with the notion that a growing drag from the ‘long and variable lags’ of monetary policy will push the economy toward recession,” said Goldman Sach’s chief US economist. “In fact, we think the drag from monetary policy tightening will continue to diminish before vanishing entirely by early 2024.” If you listen closely, you can actually hear the brains exploding among so-called financial experts and clickbait financial “journalists” who swore up and down that the Fed would inevitably drag us into recession. So the Fed was right? Everything worked out? Well, it’s not that simple. Let’s look at the second headline. Total household debt recently hit a new record in the second quarter of 2023, hitting $17.06 trillion. Credit card debt alone is above $1 trillion. And the interest payments are going up – not least because the Fed keeps increasing the benchmark interest rate as it tightens monetary policy. In other words, for people in debt, it’s going to get worse before it gets better. No wonder Americans overwhelmingly give President Joe Biden poor marks on the economy, even as the “good news” keeps being splashed across headlines. The point is that these two things are happening at the same time – and may even be feeding each other. From the federal government to the household down the street, everything is running on debt. Someone will prosper, and someone will suffer. Someone will rule and someone will be ruled. Believe whatever political slogans you want – but here’s the hard truth. If you don’t take control of your own future, you will just be feeding someone else’s bottom line. And they will sell it back to you as good news. Get What’s Yours, Jeff Bishop P.S. If you are reading this, I want to see you win. Simple as that. This is why I developed “Bullseye Unlimited” AI-driven trading system – delivering possible gains like 1,400% on NVDA in just 9 days. It’s available today for a special price – but that opportunity ends tonight. [Click here to get the details.]( Take control of your destiny. THE WORD ON THE STREET - New Tech Boom Just Dropped – All right, the retail trading boom during the COVID-10 pandemic may have been once in a lifetime… or maybe not. Big-league tech companies are lining up to express interest in the next major company that’s going public, Arm, the chip designer. Apple, Alphabet, and perhaps most importantly, Nvidia are all reportedly exploring major purchases of shares. Intel, Samsung, and TSM are also among investment candidates. Arm is talking up the potential purchases as it prepares to list on the NASDAQ. Nvidia co-founder and CEO Jensen Huang [called](Arm an “extraordinary company.” - You Win Or You Die – Part of me thinks X - not to mention Tesla and SpaceX - is going to be all-triumphant or stone-dead in a couple years. Elon Musk [stepped up]( his confrontation with the Anti-Defamation League, accusing the ADL of a deliberate effort to choke off advertising from the former Twitter in revenge for Musk’s more pro-free speech policies. Musk said that he is considering a major lawsuit against the ADL. “To clear our platform’s name on the matter of anti-Semitism, it looks like we have no choice but to file a defamation lawsuit against the Anti-Defamation League… oh, the irony!” he posted. You know what they say. Freedom of the press belongs to the guy who owns one. - United Grounds Hundreds Of Flights – Is it just me, or does this kind of thing seem to be happening more often? United Airlines [grounded](300 flights after an “equipment outrage.” Though many flights were delayed, only about 14 were canceled altogether. More than 10% of operations were still disrupted by yesterday afternoon. - Brent Crude Tops $90 As Oil Spikes – Oil futures are [hitting](their highest levels since November as Saudi Arabia announced an extended production cut. One million barrels per day will be taken off the market for three months until the end of 2023. Russia is also slashing production by 300,000 barrels a day on the same timeframe. “Oil prices have rallied as traders have gotten the message loud and clear that OPEC+ is not in the mood to ease supply anytime soon,” said one analyst at Zaye Capital Markets. - Mark Zuckerberg Spars On Floating Barge – Mark Zuckerberg is clearly begging for a fight, any fight. The Meta Platforms frontman [showed off]( his MMA skills on a floating barge, [training](with professionals like Israel Adesanya and Alexander Volkanovski. Just to complete the picture, the soundtrack is from “Mission: Impossible.” Did you call him a dork years ago? He’s coming to beat you up. - Zoom Calls For FTC To Look Into “Teams” Bundling – On a long enough timeline, all business competition turns into begging the government to take out your competitors. Zoom CEO Eric Yuan said the FTC should look into Microsoft’s bundling of its “Teams” app with Microsoft Office software. “No matter what, you got to be fair,” he [said](in response to a question at a conference on tech policy, saying the question should be asked to the FTC as well. Microsoft has been forced to unbundle Teams from software in the EU in response to an investigation by a regulatory agency. The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our [Terms and Conditions]( for more information. Update your email preferences or unsubscribe [here]( © Dawnreport 62 Calef Hwy. #233 Lee, NH 03861, United States