I just spoke to a group of friends at The Breakers Resort in Palm Beach, and I figured you might be interested in some of the things I said. Here are my opening remarks …
We gather here today at a world-class resort, but also at a life-changing moment in history.
We have the biggest risk of recession since the Great Recession, 14 years ago …
The worst surge in inflation since the wild 1970s, and …
The most divisive politics since the U.S. Civil War.
Fortunately, each of us in this room brings to this place and time a unique real-world awareness that’s unsurpassed by some folks who attended other notable gatherings in this same venue or in this same town.
Richard Nixon. Gerald Ford. George Bush. Bill Clinton. Barack Obama. Donald Trump. Joe Biden. Each and every one came here to talk about their achievements for America and for the American economy.
What they did not talk about are the decisions by a small group of people, 12 to be exact, made behind closed doors at 2051 Constitution Ave. NW., Washington, D.C.
Twelve members of the Federal Reserve’s Open Market Committee.
Twelve decision-makers, who, despite the best intentions, ultimately undermined any such achievements for America.
Twelve people repeatedly abusing their power to manipulate money, and consequently, everything in our world that money might touch.
Twelve people transforming money into an opioid … injecting it into the veins of our financial system … and then doubling or tripling the dose with each new cycle.
Twelve individuals creating a national ADDICTION that has changed everything —
Not just the cost of every penny we lend or borrow …
Not just the price of everything we buy or sell …
Not just the rise and fall of nearly all investments …
Not just the retirement of every American …
But our entire way of life, everything we do, everything we stand for.
How is that possible? It’s very basic, actually:
When you create extreme imbalance in the realm of money, you create equally extreme imbalance in the realm of family, culture, society, politics … health, life and death.
What exactly is the mechanism used to create that imbalance? What is the one thing that empowers the addiction, that strangles the will of the individual, that imprisons the soul?
Again, it’s very basic. The money opioid flowing through the veins turns off the natural communication between the body and the brain. It blocks the signals that alert us when something might be wrong.
It blocks the pain.
The pain in the economic body, the pain in the political system, the education system, the health care system, the family structure.
“If kids get lazy, so what?”
“If people don’t work, let ‘em have fun.”
“If something’s breaking down, don’t worry about it.”
“If a cancer is spreading through society, who cares?”
These are the new mantras of our era.
And in the financial markets, it’s equally perverse:
The free funny money flowing through the veins …
Numbs the natural sense of risk …
Defeats the important role of moral hazard …
Wipes out any healthy fear of failure.
As a result, here we are living in some of the most dangerous times in modern history, and yet you can count on your fingers the number of leaders in the business world or in the political sphere concerned enough to do something about it.
“So, inflation is the worst in 40 years. So what?”
“So, we’ve had a bad year in the market. Big deal!”
“The Fed will save us,” they say. “The government will bail us out. Debts will be forgiven.”
Or so they say.
But you and I know the truth. That’s what makes us different.
We know it’s a fantasy world financed by funny money and “manna from heaven.”
We also know it could be America’s pathway to hell.
What’s the solution for investors?
How can we significantly slash the obvious risk to our money AND generate a steady, healthy yield that beats inflation by a mile?
********
Stand by.
Because at 2 p.m. Eastern tomorrow, I will reveal the answers.
To make sure you don’t miss it, just bookmark this page.
Good luck and God bless!
Martin
