There’s $500 million in fraud taking place annually with the “Obama phones!” Now this sort of incompetence and people taking advantage of the system is how all government programs end up working out. Government has no incentive to be a good steward of our capital because government doesn’t have a profit motive! And government takes money from us with force! We have no choice but to hand over our hard earned money to the “mob.” There’s also a viral video out of a woman who’s throwing a temper tantrum because her EBT card hasn’t been recharged yet, so she’s just trashing a convenient store to show her anger. The government has been slow at recharging EBT cards for the month of June and many people are angry because the government is their sugar daddy! Personal responsibility has been lost on this society and the road to collapse seems inevitable at this point. Wake up your family and friends if they’re still asleep to the grim future we face in the very near future. What Venezuela is experiencing right now is coming here folks.
Hilary Clinton recently responded to Trump for wanting to take advantage of a potential housing crisis from an interview in 2006. Hilary thinks buying low and selling high is being selfish and it hurts the poor! Recessions happen to correct malinvestments and those with available cash can take advantage of extremely undervalued assets! The quicker this correction happens than a faster a recovery can begin! Those entrepreneurs with the foresight and the ability to forecast accurately what consumers want are rewarded with huge profits! That’s a good thing! Buying low and selling is a simple concept and yet, most people can’t see to do that! Why is that? People get the most aggressive investing at the peak of a bubble!
Venezuela is currently experiencing a collapse in it’s economy and what’s happening there could very well happen in the United States! What the Venezuelan government has done to supposedly “fix” the economy continues to make matters worse! Socialism and big government don’t work and Venezuela is living proof of that today! Last year they had annual inflation of 180%, in 2016 experts are expecting annual inflation of 720%! That sort of inflation officially meets the definition of hyperinflation! Only gold can help bring stability back to the Venezuelan economy.
Donald Trump has said that he will most likely be raising taxes on the rich. Trump has contradicted himself throughout the entire republican primary and he continues to do that now! Trump’s tax plan reduces the current seven brackets, down to four and he reduces the rates. It’s certainly an improvement to what we have now but Trump has said this is really a starting point to negotiating with the democrats. Most likely, the tax rates will be much higher than what Trump has proposed in his own tax plan. And we hear all these leftists say how the rich don’t pay their fair share, well, 16% of the wealthiest americans pay 80% of all federal income taxes! The rich are paying more than their fair share! All this and more, on this episode!
The economy showed GDP growth of 0.5% in the first quarter of 2016, that’s down from 1.4% growth in the last quarter. Our economy is almost technically in a recession and what is the FED to do? Lower interest rates? QE4? Our economy is not recovering and is in fact getting worse! Business investment hasn’t grown for the last 2 years! And to top it off, we haven’t seen above 3% growth any year during Obama’s presidency! This hasn’t been seen in modern times! The Keynesian view of pumping money into the system and spending money isn’t working and has never worked! When will the government and Federal Reserve actually do the right thing and step out of the way and reduce taxes and deregulate the economy? Well, with Donald Trump or Hilary Clinton as president, I don’t see that happening anytime soon.