Co-Author: The Preparation: How to Become Competent, Confident, and Dangerous. Entrepreneur. Cattle rancher. Proud father. Co-host podcast with Doug Casey
Uruguay
Joined May 2010
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matt.smith retweeted
How One Person Runs a Newsletter, a Podcast and Six Apps With a Proactive AI Assistant
matt.smith retweeted
FYI, to achieve this blessed 3.4% real GDP growth right before the midterms, the BLS had to subtract its own estimate of inflation (the GDP Price Deflator), which it pegged at just a 2.2% annualized rate. LOL. What a complete farce.
JUST IN: The U.S. economy is growing rapidly.
GDP Growth in the 3rd quarter came in at a hot 3.4%. That was even better than expected.
What's driving this?
1) The big AI investment. There was another huge surge in business investment (+12.7%!)
2) Consumer spending also robust. +3.8% in Q3. That's the same as Q2 and the strongest since the end of 2024.
Not everyone is feeling the benefits of this growth uptick. But anything related to AI is soaring.
matt.smith retweeted
Airlines are bracing for years of pain.
“Inflation will make people poor,” one airline executive said per FT.
matt.smith retweeted
I think most AI job losses happen this way.
Slowly cull your workforce through voluntarily or accelerated attrition while drastically slowing hiring. Not necessarily mass layoffs just a grinding halt to new hires.
“Microsoft is offering buyouts to around 60,000 employees”
This is also where productivity growth will show up. Existing workers will do the work of departing employees with the help of AI.
matt.smith retweeted
I did this 5 years ago. SO MANY people laughed at me when I told them this...
Catch up people. It's not too late to be ready for all the "emergencies" that are incoming.
matt.smith retweeted
To justify today’s data center buildout, AI would need to bring in about $3.5 trillion a year by 2032, per a new Brookings paper.
That’s 8.8% of U.S. GDP, nearly as much as Americans spend on food (9.1%), and far more than on energy (5.1%).
matt.smith retweeted
Wages are falling. Consumer goods are falling.
But it's hard to see, because the dollar is falling. And we use the dollar to measure wages and prices. So it appears that everything is going up.
And people only care if wages or prices go up faster.
The "golden age." Median household income hit a record $87,460 last year. (Census)
Priced in gold, that's about 25 ounces. In 2000 the median household earned about 150.
A record in dollars mostly tells you what happened to the dollar nitter.cf/TrumpDailyPosts/status…
matt.smith retweeted
An unsourced claim in Al Araby slams oil because (checks notes) Iran is going to agree to a Trump-friendly deal two weeks before the midterms. Did I miss anything?
Oil Tumbles As Qatar, Pakistan Tout 'Compromise Proposal' To End Iran War zerohedge.com/geopolitical/t…
matt.smith retweeted
Median US income is now like 1/6th of the year 2000 ‘golden age’ when median income was 150 oz equivalent
Now 25 oz
matt.smith retweeted
1. Kids set up a new company that becomes the marketing agency for the family business.
2. The marketing agency collects a fee that dramatically reduces the profit in the parents company.
3. The marketing agency acquires a minority stake with savage voting rights.
4. Independent valuation shows that this structure makes the business almost worthless.
5. The marketing company acquires the remaining shares.
Success in the UK is now 50% being excellent at what you do and 50% avoiding the governments latest scheme to derail the success and independence of your family.
🚨 NEW: John Healey is considering introducing income tax on parents who pass their business down to their children in the Budget
[@Telegraph]
matt.smith retweeted
Blah, blah blah. What most voters not getting is that this administration is just waiting for midterms to be over to then start this war all over again. Then, watch oil prices!
matt.smith retweeted
Once again, today's reality "trumps" parody.
In case you were wondering, this isn't satire or AI. They're really saying the quiet part out loud now.
matt.smith retweeted
Doug Already Bought It - Noble Plains Uranium (TSXV: NOBL | OTC: NBLXF)
Watch on Youtube
youtube.com/watch?v=Fb3bAq4Z…
or Substack
expertsroundtable.substack.c…
@RealDougCasey @mattpheus @ebugos @GaryBohm5 @BrentCookgeo @DominicFrisby
@JayMartinBC @ericcoffin_HRA @Brien_Lundin
@duediligenceguy @JayTaylorMedia @TheGoldAdvisor
@JayantBhandari5 @jessebday @gsummersmba
@Junior_Stock @mercenarygeo
matt.smith retweeted
The insanity of the markets. Great conversation with @mattpheus and @BR_Kelleran youtu.be/KAVSM3aw83E?si=5sRX…
matt.smith retweeted
The Only Mine Standing: Antimony Resources at Bald Hill
Watch on YouTube
youtube.com/watch?v=Lmq5KS6m…
or Substack
expertsroundtable.substack.c…
@RealDougCasey @mattpheus @ebugos @GaryBohm5 @BrentCookgeo @DominicFrisby @JayMartinBC @ericcoffin_HRA @Brien_Lundin @duediligenceguy @JayTaylorMedia @TheGoldAdvisor @JayantBhandari5 @jessebday @gsummersmba @Junior_Stock @mercenarygeo
![The Only Mine Standing: Antimony Resources [CSE: ATMY | OTC: ATMYF]](https://pbs.twimg.com/card_img/2115506873898262528/JkrjLpJY?format=jpg&name=800x419)
matt.smith retweeted
Good to know that you can commit mortgage fraud and NOT be arrested or forced to resign if you work for the Fed (laws are for little people)
matt.smith retweeted
A $95 Million Company Sitting On a $340 Million Mine
youtube.com/watch?v=iji3wBXQ…
@RealDougCasey @mattpheus @ebugos @GaryBohm5 @BrentCookgeo @DominicFrisby @JayMartinBC @ericcoffin_HRA @Brien_Lundin @duediligenceguy @JayTaylorMedia @TheGoldAdvisor
@JayantBhandari5 @jessebday @gsummersmba
