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2024/10/18

The Lorax and the “The Doom Machine”

Media’s War on Happiness  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌
The Daily FWD
October 18, 2024

The Lorax and the “The Doom Machine”

Hi Reader,

Here’s what our editors are looking at today…

Click here to learn more

Zach Scheidt:

Combat the Doom Machine With Me

Visit The New York Times website and try to find a positive story. Good news is an endangered species these days. The corporate media is waging a never-ending assault on your happiness.

Despite all this negativity, the truth is we're living in the most prosperous, peaceful time in human history.

Every day since 1990, on average, roughly 130,000 people around the world have been lifted out of extreme poverty. That's headline material for 34 years straight!

Yet only 1 in 20 Americans know about this incredible trend.

The media understands fear sells, and they're peddling it like hot cakes. "If it bleeds, it leads," as they say in newsrooms. Anxiety and outrage keep you glued to the screen — and keeps their advertising dollars flowing into their pockets.

⇒ Read More Here

Recommended Reads:

Rickards: Do NOT Buy Gold???

While 99% of investors try to profit from gold using bullion, gold coins or plain old gold ETFs…

Jim Rickards is saying do NOT buy another ounce of gold… or share of another gold ETF…

Until you watch this on-location video.

⇒ See More Here

Jim Rickards:

How the City of Angels Went to Hell

A journey through Los Angeles, the adopted home of Vice President Kamala Harris, offers a masterclass in urban dysfunction.

As you drive through the streets of the southside, and along Central Avenue, the historic main street of black LA, now mostly Hispanic, the ambience is increasingly reminiscent of Mexico City or Mumbai: broken pavements; battered buildings; outdoor swap meets; food stalls serving customers much as one would see in the developing world.

Democrats, particularly in deep blue California and even bluer cities like Los Angeles, can clearly win elections. But what they can’t do is govern effectively.

⇒ Read More Here

Byron King:

Gold: The Last Remaining Safe Haven

Gold looks to be the last safe-haven asset standing, and traders — including central banks — should increase exposure… immediately. 

With US debt expected to keep soaring, Treasury supply faces risks. At the same time, higher interest rate payments as a share of GDP will make gold an attractive asset in the next few years.

Rising spending is alson't merely a US issue. The analyst notes that the International Monetary Fund predicts new spending could amount to 7%-8% of global GDP annually by 2030.

Ultimately, something has to give: if markets become reluctant to absorb all the debt and volatility increases, gold may become the asset of choice. Central banks in particular could further diversify their currency reserves.

⇒ Read More Here

That’s all for today, we’ll be back Monday with more topics and articles from our editors.

Email us here with whatever crosses your mind that you want us to cover. We look forward to hearing from you!

Looking forward to your financial future,

The Daily FWD
Click here to learn more

Have you heard the big news?

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According to Quartz, “Elon Musk’s Starlink IPO may lift off as soon as [2024.]”

And for the first time ever, you have the rare chance to see how to profit BEFORE the IPO takes place.

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Paradigm
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