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.
Uber has just recently settled a $100 million class action
lawsuit so that they could keep Uber drivers as independent
contractors. So why is the independent contractor crucial to Uber’s
success instead of the employee model? It all comes down to
avoiding costly government regulations! Government regulations are
making it too expensive to do business in America today! The
government has its boot on the throats of businesses and they
wonder why our economy is still struggling! When will we actually
start repealing government regulations as a positive step forward
instead of passing more regulations as the “answer?” I’m not sure
but I’m not going to hold my breath.
Chris Casey talks about what to look for when investing in the
marijuana industry and what criteria makes for a good company to
invest in. There’s a lot of businesses in the marijuana industry
that are not good businesses so it’s important to know what you’re
looking for. Chris sees huge potential in the marijuana industry
with lots of growth to come so now could be a fantastic time to
enter the industry for some potentially huge gains! Chris and his
team at Singularity Capital believe they have found several
companies that will be huge beneficiaries in the years to come from
the legal marijuana industry. Don’t miss the insight offered into
an industry that very few understand.