Originally posted March 14, 2023. Confidence in the Banking System? “There will be no more tax-funded bailouts. Period.” It seems like long ago. On 21 July 2010 then-President Obama uttered those failed words. Cheered on by Joe Biden, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, before crowing: The new law […]
What’s the Best Survival Currency?
UPDATE 4.21.23: Gold prices were near all-time highs recently. There may be a more perfect survival currency out there, but gold’s resilience during troubling times is ancient and time tested. UPDATE 2.5.22: On the wine front, I rely on the knock-out one/two punch of French Burgundy & Syrah, end of discussion. If you are in […]
“The Great Object Is that Every Man Be Armed”
UPDATE 4.21.23: House Republicans have passed a Parents Bill of Rights measure that would inform parents about the curriculums their children are expected to learn in school. The Biden administration opposes the bill and will likely veto it if it makes it through the Senate. That’s why States’ Rights are just as important today as […]
You’re Ready to “Make It a Good Month”
You miss Richard C. Young’s Intelligence Report, especially the Monster Master List and the monthly introductions you couldn’t wait to read. I know this because you tell me. Here’s the intro from Dick’s last letter: My Last Issue Last Call! After nearly four decades of meeting monthly publishing deadlines, it’s time for me to shift […]
BEYOND RUSSIA: America Strengthens India Ties to Counter China
UPDATE 4.20.23: Admiral John Christopher Aquilino recently told a hearing on Indo-Pacific National Security Challenges that the United States and India face the same adversary in the region, China. WION’s Abhinav Singh reports: The US is providing assistance to India to counter its adversary China on the border areas and also develop defence industrial base, […]
I Meant to Tell You My Recent “Survival Guy” Story
You know from here, here, here, and here that bad stuff happens. More times than I care to admit, I’m involved. Dear reader, is there anything more enjoyable? I get it. But once the feeling of “thankful it wasn’t me” passes, it gets darn serious. “What,” you may ask yourself, “if that happens to me?” […]
“I’m Having Major Surgery Tomorrow,” He Said
Life comes at you fast. One minute you’re living your retirement life. The next, you need major surgery. “I’m having major surgery tomorrow,” a client said to me yesterday. “Take care of things for me,” he said. “I will,” I said. We’ve been working together for over 20 years. He’s been trusting Richard C. Young […]
Why You Miss Richard C. Young’s Monster Master List
Happy Monday. Is your advisor a bank? If so, is it lending out your money for a song and paying you peanuts? Fidelity is not a bank. Fidelity is not a publicly traded company. In comparison, Charles Schwab has a banking division and is publicly traded. How about Vanguard? When was the last time you […]
Remembering Brent Scowcroft
Brent Scowcroft was one of the few prominent foreign policy experts who opposed attacking Iraq in 2004, and if heeded, his prescient warnings would have saved an untold sum of American blood and treasure. Here is what Michael F. Duggan wrote on his site, Realism and Policy, about Scrowcroft when he passed away in August […]
ACTRESS: “Liberal Politicians Are Ruining Cities”
Sara Foster, a Democrat, and California resident, has slammed the stabbing death of tech magnate Bob Lee in San Francisco, writing on Instagram, “I have no words. SF is a complete s***hole. I am a registered Democrat and feel confident saying liberal politicians are ruining cities.” Joseph MacKinnon reports in The Blaze: Actress and fashion […]
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