[vc_section][vc_row][vc_column][vc_column_text]If you have, in the back of your mind, this constant voice, which tells you that the people in Washington D.C., or the Federal Reserve board of governors, or the Davos Economic Forum have a plan to rescue the global monetary system from the fiat trap, tell that voice to shut the hell up.
They have no clue.
I don’t say this as a mere opinion – I’m sharing with you what a prominent Congressman of 30 years, which I can’t reveal his name, told me today.
When my partners asked him if they (Washington D.C.) seriously discuss how to resolve the national debt mess, he said that no one talks about it, since “there is nothing to talk about.”
He explained that there is no solution, just an extended waiting period until a major event creates such a distraught and severe pain that a solution materializes.
In his opinion, the decline of western civilization is similar to the deterioration of many empires in the past, like Rome, in particular, since he reminded us that they were able to run giant deficits, debase their currency, and live lavish lifestyles, looting the general public via inflation and taxation, long after their peak had arrived.
I’m sharing this with you, so that there are no mixed emotions about how dire the situation is, on the one hand, but also to say how inefficient it is to continually declare that the national debt and unfunded liabilities are about to send the global economy into the worst depression of all times, because it might not be imminent.
A happy medium is needed.
Yes, the U.S. Empire is in decline – it is noticeable, measurable, and undeniable, but it is not effective, realistic, or profitable to time it.
There many reasons for that:
- Physical location isn’t a roadblock to wealth any longer. There are thousands of multinational businesses, online businesses, and home-based operations, which have little to do with the economy of their headquarters.
Boeing’s headquarters are in Seattle, but apart from the state taxes, it could care less about the general conditions in the area. Their clients include hundreds of airlines from across the world and the U.S. military. Its stock price is very expensive, and it is hardly a buying opportunity, but it is an example of a major American brand, which has tripled in price these past three years because of the global demand for new planes and defense contracts.
The message here is that the global economy is growing daily. Poverty is being eradicated at a pace we’ve never seen before. Mortality is down globally, and longevity is common.
In 30 years, North America and Europe will be small demographic hubs compared with Africa and Asia, which will experience unprecedented wealth creation.
Don’t become boggled-down by the fear of hyperinflation, currency shocks, or depressions in the U.S. or Europe.
Predicting the rain will come isn’t a good strategy – building an arc is.
The first step is to master valuable skills. It will always be your ticket to success in life. Once you become obsessed with personal development, realizing that the only thing you can control, utterly and completely, is what’s happening between your two ears, you’ll feel liberated.
Then, build your financial moat by buying protective and cash flowing assets.
Third, enjoy what you see in front of you.
We are all just tiny screws in the big picture; don’t place the responsibility of the fate of this planet on your shoulders, as many do.
Live a great life, lead by example, and if you can influence others along the way, you’ve more than done your part.[/vc_column_text][vc_column_text]Best Regards,
Research Partner, PortfolioWealthGlobal.com[/vc_column_text][vc_column_text]
This work is based on SEC filings, current events, interviews, corporate press releases and what we’ve learned as financial journalists. It may contain errors and you shouldn’t make any investment decision based solely on what you read here. It’s your money and your responsibility. The information herein is not intended to be personal legal or investment advice and may not be appropriate or applicable for all readers. If personal advice is needed, the services of a qualified legal, investment or tax professional should be sought.
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