Is bitcoin money? Keith Weiner discusses why gold is crucial in an economy and that bitcoin isn’t money. Keith also discusses why the system if failing today.  His view of why the system is failing is much different than the mainstream view. You don’t want to miss this insightful interview with Keith Weiner ..read more

The crisis in Venezuela continues to get worse. On January 1st 2017, $1=$3,000 Bolivars, today $1=$8,000 bolivars. The inflation keeps getting worse and experts are now projecting over 2,000% inflation in 2018!  The government keeps trying to seize more control to “fix” the economy. The insanity in Venezuela could easily be fixed if people only understood the government always makes matters worse and they never can help you!  The free market and the private sector and embracing capitalism is the only way out ..read more

The state of Illinois is on the verge of bankruptcy. $15 Billion in unpaid bills and no budget plan going on 3 years running. The state legislature in Illinois has worked out a budget deal that’s suppose to pull the state back from the brink but it won’t! The budget bill doesn’t reform the pension problem in a meaningful way and it’s the underfunding of state pensions that has largely led to this debt in Illinois. The future obligation to pensions in Illinois is $251 billion!  The state legislature thinks raising $5 billion in taxes by increasing the state income tax by 32% is a good idea ..read more

With the republicans in charge on Capitol hill, it seems we might just get some tax reform. Many republicans seem to think that if we can just cut taxes we can get the economy booming and the debt problem we have right now will be no more. This view sounds all well and good but if republicans are really thinking cutting taxes and at the same time growing the size of government will make things better, they are delusional! All government spending is taxation so therefore we need to cut the size of government in a meaningful way!  That’s the only way out of this mess ..read more

Jared Bernstein, from his new piece at the New York Times discusses what the lefts agenda should be. He makes the case that progressives must remain in waiting and be ready when it’s time to act but always be fighting. All of the agenda items he wants to see calls for more government programs, more regulations, more subsidies for the poor and he thinks this will make life better for the averages American! Has he learned nothing from LBJ’s great society in the 1960’s. This is why we free market types need to continue to learn more as much as we can and become more effective communicators becaus ..read more

Many conservatives and supply siders seem to think we can grow out of massive debt problems but that is not the case. Even if we achieved economic growth of 3% instead of our current average since 2010 at 2% that will cut the deficit by $3 Trillion over the next decade. That sounds all nice but we will still be adding another $9 Trillion to the debt over that same decade! Entitlements need to be addressed if we want to get serious about our debt issues. Unfortunately for us, the politicians out there will take the easy way out by destroying the value of the currency via inflation ..read more

The crisis in Venezuela just continues to get worse. Riots have been going on for 2 months now and protestors have taken down a statue of Hugo Chavez. The crisis continues to get worse as the government continues to take more and more control. Seizing private property, having majoring ownership in 511 companies and things just get worse for the Venezuelan people. When will people put 2 and 2 together? I won’t hold my breath ..read more

American Airlines now has its own incident and I don’t see the news headlines for this one like we saw with United. An employee of American Airlines hits a woman with a stroller while me pulls it out of her hands and the stroller almost hits the woman’s baby as well. After this incident the employee comes back on the plane and asks a passenger if he wants to fight and go at it. Also, the former king of cable news, Bill O’Reilly is fired from Fox News! In political news, Trump said in a Wall Street Journal interview on April 12th that he thinks the dollar is too strong!  This is why the fo ..read more

The inflation rate in Argentina is around 75% and will be over 90% by year end. I paid cash for everything while there and it was cheap! Average meal would cost you $3. Want a bottle of wine with dinner? You’re looking at $3 for a bottle. I also experienced some gas lines and surprise, surprise they ran out of money! If you don’t protect yourself, inflation will wipe out any savings you do have. In this episode I talk about ways to do just that. You won’t only survive but you will thrive!  ..read more

Interview with the legendary billionaire investor, Jim Rogers. His insights on the economy and life in Singapore and why he's had his daughters learn Mandarin. Instead of panicking with the rest of the crowd, Jim likes to sit back and let things unfold and buy when there's free money in the corner of the room just asking to be picked up.  His simple advice works but emotionally can be very hard to do and it's why most investors fail.  ..read more