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The Miracle That We Need
Luke Gromen discusses the need for an energy productivity miracle, possibly through fusion or small fission technology. It also mentions potential ways to improve productivity, such as commercializing new technology or drastic political actions like overthrowing Putin for resource control. It suggests that without such changes, the options might be limited to dealing with inflation or facing economic collapse.
Watch more of this short video from Recession Is Inevitable. So Own These Assets | Luke Gromen.
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
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