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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 4h

Nvidia $NVDA CEO Jensen Huang says he wants to be involved in almost everything Elon Musk does.

Nvidia $NVDA will now take up to $2 billion of equity in Elon Musk's xAI, Bloomberg reports.

Musk brings data from cars, rockets, and social graphs. Nvidia brings compute and systems.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 6h

Electricity price increases.

Ours went from $150 to $300. How much is yours?

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 20h

This is the definition of broken:

44% of U.S. homeowners and renters are struggling to afford their regular rent or mortgage payments, per Redfin.

Do you realize what's happening?

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 21h

Every time, it meant the same thing: People lost faith in their money and government.

History is repeating itself right now — and almost no one is paying attention.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 21h

• French Revolution (1789) → Monarchy overthrown
• Weimar Germany (1921-1923) → Hyperinflation destroyed savings
• Bretton Woods collapse (1971) → Dollar crisis, gold soared 2,400%
• Soviet Union dissolution (1991) → Ruble collapse

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 21h

Gold crossed $4,000 today. This kind of rapid spike has only happened a few times in history — and it’s never ended well.

The pattern goes back centuries:

• Rome’s Crisis (235-284 AD) → Empire collapse
• Spanish Empire decline (1600s) → Lost world power status

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 1d

Unpopular Opinion: There is no AI economy. It loses billions of dollars and all gains are in speculative valuation.

The only one making a profit is Nvidia.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 1d

AI data centers will use 1,600 terawatt-hours of power by 2035.

If AI data centers were a country, they’d rank 4th in electricity use—behind only China, the US, and India.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 1d

US electricity prices are at a record high.

After your electricity bills doubled in the past year, it’s about to double again. Because someone has to pay for AI.

In the next 10 years, AI power demand will QUADRUPLE.

That’s 4.4% of ALL electricity on Earth.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 1d

BREAKING: S&P launches new crypto index consisting of 15 major cryptocurrencies plus 35 crypto-linked stocks, covering blockchain, mining, exchanges, and more.

No single asset gets more than ~5% weighting to keep it diversified.

Wall Street is officially taking crypto seriously.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 1d

JUST IN: Gold reaches new all-time high of $4,000, for the first time in history.

Gold is now worth ~$27 TRILLION.

Understand where we are.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 1d

How money works:

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 1d

Deaths are higher in emergency rooms of hospitals owned by private equity firms, per Harvard University.

They did the math: It’s cheaper to let someone die than save them with a procedure they can’t afford.

This is what happens when its profits over people.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 1d

Germany announced plans to raise the retirement age to 73. I bet this happens in U.S. too.

Nothing pisses me off more than seeing the elderly, far beyond retirement age, bent over a register at a corporate chain store, just trying to survive. This shouldn’t be normal.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 2d

infinite money glitch

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 2d

BREAKING: $AMD stock now up +35% after OpenAI is taking up to a 10% stake in AMD.

AMD expects tens of billions in revenue from this agreement over the coming years.

OpenAI will deploy up to 6 gigawatts of AMD’s Instinct GPUs, starting with 1 gigawatt next year, using AMD’s next-gen MI450 chips.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 2d

Being broke because you invested your money in assets is different than being broke because you spent your money on things.

One builds the future. The other ruins it.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 3d

A major cheat code in life: The person you marry is the most important part of building wealth. The best ROI comes from the right relationship.

When you marry right, you multiply peace, focus, and purpose. When you marry wrong , you multiply stress, distraction, and debt.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 3d

2008 was about bad loans and overleveraged homeowners. This time it’s about offices losing value because people work from home. The issue is slower but still deep since big banks hold much of that debt.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 3d

The Government is shutdown for two reasons:

1. To raise your healthcare costs
2. To delay releasing the Epstein files

That’s it.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 3d

Commercial Real Estate crisis is worsening

Office CMBS Delinquency Rate hit 11.7%, an all-time high.

That’s higher than the 2008 Great Recession peak of 10.7%, and it’s only getting worse.

A commercial real estate downturn is here and it’s unfolding faster than 2008. Next few months will be wild.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 3d

Warren Buffetts’s advice to end the government shutdown:

"I could end the deficit in 5 minutes. You just pass a law saying anytime there’s a deficit over 3% of GDP, members of Congress are ineligible for re-election."

Do you agree with him?

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 3d

BREAKING: Bitcoin reaches new all-time high of $125,000, surpasses $2.5 trillion market cap, and becomes the 7th most valuable asset in the world.

Satoshi Nakomoto now holds over $135,000,000,000 worth of Bitcoin.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 3d

Use credit cards to pay all your bills and then pay your credit card balance with your checking account or debit card. Trust me. You’ll increase your credit score AND earn rewards at the same time.

Same spending, double benefits.

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Andrew Lokenauth | TheFinanceNewsletter.com @www.thefinancenewsletter.com · 4d

Majority of Americans say groceries are harder to afford now than a year ago.

What's weird about this is, last year, all the news talked about was how bad inflation was. A year later, it’s worse and it gets only a small fraction of the attention it got last year.

Crazy how fast we normalized this.

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