Become A Wealth Machine
I’m currently in Tel Aviv, where the government has just approved a SECOND LOCKDOWN, more flexible than the one in March/April but still EXTREMELY PAINFUL for businesses (which are forced to shut down again), families (which are now tasked with parenting their children 24/7), the NATIONAL DEBT, which is reaching new highs not seen in decades, and for morale and spirit of individuals, who have seen the COVID-19 virus impact A TINY NUMBER of people compared with the comprehensive response the government is imposing — this is the REAL ISSUE here — the tradeoff between not overwhleiming hospitals (which are short of staff and on beds) and halting the lives of the millions, who will not impact statistics, since they’re not at risk.
I know many want to hear that silver is ON ITS WAY to hitting $50/ounce at the SNAP OF A FINGER, but it might take a while for that to occur.
You need to exert a HIGH LEVEL of fortitude to come out on the other side of September with your LIMBS INTACT.
In Germany, as the 1930s progressed, it BECAME IMPOSSIBLE to maintain relationships and friendships with both Jews and others who OPENLY CHALLENGED the ruling elites and the dictatorship that the National Socialist party was running.
The three GREAT TRUTHS of these economic times are…
Since this pandemic began to TAKE ITS TOLL on the world’s governments, economies and mainstream media outlets, I’ve seen comparisons being made to The Spanish Flu of 1918, from the perspective of public health; to The Great Depression, when it comes to the FINANCIAL DESTRUCTION; to the 1930s, when discussing WEALTH AND INCOME INEQUALITY; and to The Great Recession of 2008, as it relates to CENTRAL BANKS’ RESPONSE.
One summer ago, exactly on this date, my wife and I visited the picturesque port town of Portofino, near Genoa on the Ligurian Sea of Italy. It is considered one of the most beautiful destinations in the Mediterranean; mega-yachts park right next to the restaurants and pedestrians come up close to check them out.
I’m currently reading Stephen Schwarzman’s book, What It Takes, which talks about his life journey from middle-class Philadelphia to being worth $18.7B – all self-made.
There’s no reason to ARGE OVER THIS with your coworkers, family members, and neighbors if they are STILL ASLEEP because the sheep masses won’t GET IT: the media is snowballing the GOOD NEWS into a second wave!
Without a doubt, 2020 has shown that PREDICTING SHORT-TERM MARKET EVENTS is practically impossible. The Stock market moves that have happened this year are without HISTORICAL PRECEDENCE. Literally every trading session, we’re seeing MORE EVIDENCE that when it comes to sentiment and the way that buyers and sellers JUDGE REALITY and make decisions, the various opinions could be POLAR OPPOSITES.