Most people think that China is largest holder of our debt and so everyone is very worried about China and if they decide to dump U.S. treasuries. But China isn’t the largest holder of U.S. Treasuries, it’s the Federal Reserve! They own more than double what China owns! Also, Trump has made his choice for the new fed Chairman, Jerome Powell. Powell is not an economists but he really is more of the same and he seems like he fits right in the middle between a Bernanke and Yellen. Protect yourself from the destructive Federal Reserve!
This Halloween the PC police are at it again so what you plan on dressing up as this Halloween make sure you don’t offend anyone! If you are dressed up in the Donald Trump Wall costume that must mean you’re a racist that hates Mexicans! Or if you’re a man and dress up as a woman you are making fun of transgender! I mean seriously what the hell don’t people have a life!? Also, what really is the key to influencing people in your life and pulling them to your side? There’s one factor and skill that if you master it, it can completely change your life and you will indeed change your life! I just got back from the Contra Cruise and boy do I have a story for you guys… I literally almost missed the ship at the last stop. Imagine running down the pier to the ship as the horn is blaring and it’s about to take off and I’m running for my life… Yep, that really did happen. Let me explain.
I came across a piece and this lady is showing her “facts” that is supposed to lead the reader to the conclusion that free market capitalism doesn’t work. That it’s in fact, the countries with more government control that are seeing the most growth today and are experiencing the most prosperity. This article is such a teachable moment and it shows how people with similar “facts” can see things in such different ways! How can we become better at communicating our message? The simple answer is… to become better at arguing for your point of view, you must first become a good listener. Thinking you can convert someone on the spot in all likelihood isn’t going to happen, we need to think long term. We all have our own, unique light bulb moment. The question is… How can bring someone to their light bulb moment of clarity?
Last week I visited Cuba and it was an enlightening experience. Imagine going to a city where it hasn’t been improved or maintained for 60 years… Yep, that’s the feeling I got when roaming the streets of Cuba. Everything is just really old, musty and colorless. People that have the mindset that government can provide prosperity is very laughable indeed. The government only consumes resources and allocates them in a very inefficient way compared to the private sector. On the world index, comparing countries prosperity, Cuba is ranked 177 and closely followed by the basket case, Venezuela. The government only gets in the way of prosperity! We need to get more people to understand this!
John Hunt and Doug Casey are back with the second installment of the High Ground Series, “Drug Lord.” John discusses how the war on drugs is a complete disaster and how the government has made matters worse! Also, the problem with legal drugs and the revolving door of cronyism from the guys at the FDA! For many people out there, legalizing drugs still sounds bat crazy but looking at the system we have today…is it really that crazy? Look at all the unintended consequences of government making drugs illegal. Instead of things being above ground where it’s safer and you know what’s in the good you’re consuming, instead you’re trusting a drug dealer! What happens to people that are addicted to legal drugs like pain killers? They seek a cheaper alternative called heroine! This out of control drug war needs to stop! The war on drugs has made it less safe, not safer like the government wants you to believe!