GT Gold Corp. GTGDF

RE:2008-2010 All Over Again

[Goldnboy1]

You are bang on. Massive recession about to hit. This is the weird socio-economic proof.

For about a decade I’ve been a partner in a bowling centre. I’m the young guy per say (used to be, haha). I basically run the party in the weekends, as well as our highest volume leagues. Keep that cash cow turning. We do very well. Take summers almost entirely off. Golf about 60 rounds. Ive rarely had to work week days in my life. So I’ve played high risk stocks for the past decade because my spare time is very weekday 9-5 and when I choose to work it’s very evenings and weekends.  

I keep statistics on how much cash, credit, debt ratios we have. Year over year credit card use has risen from 27% of my annual electronic transactions. To 42% in about a 3 years period since getting Visa/MC (I know we we behind the times. lol). Cash use is sigficsntlt down to less than 20% of transactions involve cash overall. Cash and Debit are almost being out numbered by debt and my calculation is flawed because how many customers paid tonight with Line of Credit transfers before they hit my counter?? It’s chilling to think of. 

This is a scale for the health of the economy in my mind. Next year I think the cross will occur that will trigger serious pain in the markets. Debt will out pace cash for far too many. My numbers will be more debt than cash guaranteed. 

Tonight alone I had 3 customers nsf. Then use their phones to transfer funds. Likely from a line of credit. To pay for their $20-$50 evening. None of these people looked homeless. I’ve had this lifestyle for about a decade. I’ve seen more Insufficient funds notifications this year. Than probably in the last 10 seasons combined. This season is in month 2.5/8. 

The big one is coming. Recession of 2019-20?