Will this be the year that the “”markets”” get away from the Fed and their dedicated public-private Wall Street manipulation crew? If that happens, will that be the pressure that finally pulls the Great Taking trigger?
Listen, if you found yourself alarmed at any point by the 99.95% survival rate of Covid, you are positively going to be impacted far more significantly – directly or indirectly- by the economic turmoil that our weak leaders have all but ensured is on the way.
Paul Kiker and I discuss the Japanese yen, the (seemingly) insane proposal by Team Biden to jack up capital gains tax rates from 24% to 44.6%(!!), and the possible impact of the newly and unilaterally declared ‘climate crisis’ on markets and portfolios.
If these and many other terrible policies come to pass, the market impacts could be enormous as people rush to sell their holdings before the new gains rates kick in and/or the new burden of ridiculously expensive electricity begins to bite (as it has in Germany, decimating its industrial base).
Weak men lead to hard times. We’d do better with a package of mop handles running the show, and that’s not hyperbole.
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