Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool

Who Wants to Live the Island Life? You Do

November 9, 2020 By E.J. Smith - Your Survival Guy

By mapman @ Shutterstock.com

Originally posted September 14, 2020.

Imagine sitting under a palm tree, toes in the sand, gazing across a turquoise sea with not a care in the world. Wouldn’t it be nice to feel like this most days of the week rather than only on vacation, especially in times like these?

Now, I know it’s not exactly practical, even if you have a tropical island as the backdrop of your Zoom calls. But you’d be surprised at how much island life is right in front of your eyes. For example, when it comes to investing, my favored Prudent Man certainly stands alone as an island far away from your everyday stock traders:

For years my father-in-law Dick Young referred to the Prudent Man in his monthly strategy report, Richard C. Young’s Intelligence Report. As Adam Smith wrote in “The Theory of Moral Sentiments” (1759):

The prudent man always studies seriously and earnestly to understand whatever he professes to understand, and not merely to persuade other people that he understands it; and though his talents may not always be very brilliant, they are always perfectly genuine. He neither endeavours to impose upon you by the cunning devices of an artful impostor, nor by the arrogant airs of an assuming pedant, nor by the confident assertions of a superficial and impudent pretender. He is not ostentatious even of the abilities which he really possesses. His conversation is simple and modest, and he is averse to all the quackish arts by which other people so frequently thrust themselves into public notice and reputation. For reputation in his profession he is naturally disposed to rely a good deal upon the solidity of his knowledge and abilities; and he does not always think of cultivating the favour of those little clubs and cabals, who, in the superior arts and sciences, so often erect themselves into the supreme judges of merit; and who make it their business to celebrate the talents and virtues of one another, and to decry whatever can come into competition with them. If he ever connects himself with any society of this kind, it is merely in self-defence, not with a view to impose upon the public, but to hinder the public from being imposed upon, to his disadvantage, by the clamours, the whispers, or the intrigues, either of that particular society, or of some others of the same kind.

When I think of countries with an island mentality, not surrounded by water but instead mountains, Switzerland tops the list. How about a U.S. state? South Dakota tops my list in handling the China virus, right up there with Sweden. Going against the grain, being independent is certainly the island way of life.

Let’s drill down to my favored island cities of Key West and Newport, RI. Both have a strong Navy presence and can easily be closed off from intruders. It’s not uncommon to run into Navy Seals/War College Officers getting Cuban coffees at Five Brothers in KW or at Empire Coffee in Newport.

How about certain neighborhoods that act like islands? At the location of our log cabin in Live Free or Die New Hampshire, there’s only one way in and one way out. It’s an island or a moat that certainly makes one think twice about entering when other areas have a more accessible escape route.

Then you have certain neighborhoods or areas on Main Street USA where homes are guarded by American flags proudly hanging out front of one house after another. It’s a feeling of strength and unity that says—move along this is our island.

As Dick Young explains:

Since last spring, my clients and I have been buying Swiss francs and lately Swiss franc denominated, dividend-paying stocks.

What’s behind the dollar’s collapse? Too many dollars relative to Swiss francs are being printed. It’s no more complicated than that.

It is the Fed who is responsible for debasing the currency.

The Fed’s “private club” was introduced by Woodrow Wilson, America’s worst president, in 1913.

Since then, the Fed has increasingly muddled with the economy in total opposition to its original intent.

I have written often that I would return the Fed to its founding principles prior to shuttering it for good.

In the meantime, the dollar will remain on thin ice.

Action Line: Are you living the island life? It’s easier to do than you think. Click here to sign up for my Survive and Thrive newsletter, and we’ll live the island life together.

Originally posted on Your Survival Guy. 

Related Posts

  • Your Retirement Life: Fishing Block Island
  • Rhode Island Wants Your Guns and Your Money
  • Want to Live in a Free Market Island Paradise?
  • Your Retirement Life: Live like a Billionaire Here
  • Author
  • Recent Posts
E.J. Smith - Your Survival Guy
E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998.

E.J. has trained at Sig Sauer Academy in Epping, NH, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention.

E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris.

Please get in touch with E.J. at ejsmith@yoursurvivalguy.com

Click here to sign up for my free monthly Survive & Thrive letter.
Latest posts by E.J. Smith - Your Survival Guy (see all)
  • CATO: Global Freedom Is in Sharp Decline - January 27, 2023
  • TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic - January 27, 2023
  • Biden Administration Destroying Retiree Fiduciary Protections - January 27, 2023

Dick Young’s Must Reads

  • Americans Fleeing High Tax States for Growth Corridors
  • V4 Stands Against North African and Middle Eastern Invasion
  • Progressive Liberalism Has Dragged America near Ruination
  • Your Cash Swept into Your Broker’s Bank Account!
  • The Armed American Family: Part I
  • Rich States, Poor States this State is Dominant Once Again
  • Victor Davis Hanson: How to Bust DC’s Stronghold
  • What a Way to Make a Living: New Hampshire #1
  • You May Be Surprised by America’s “Least Woke City”
  • Your Sheriff Can Thwart Federal Gun Control Efforts

Our Most Popular Posts

  • Pfizer CEO Terrified of Real Questions About His Vaccines
  • America's Super States and Stocks that Respect YOU
  • Give Me Clean, Efficient Gas
  • How the Biden Administration Is Destroying Our Energy Infrastructure
  • Artificial Intelligence Is Coming, But It's Not Quite There
  • The Rich Seek More from Bank Accounts
  • Is Kevin McCarthy’s GOP Willing to Do What It Takes on Debt?
  • Strengthen Your Defenses Against Stroke
  • The Sound of Silence
  • Forty Years Ago, Jogging a Mile a Day and Still Going

Disclosure

RSS Youngresearch.com

  • CATO: Global Freedom Is in Sharp Decline
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Suddenly, Holding Cash Looks Good Again to Many
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Is Passive Investing Already Passé?
  • Welcome to Hotel California, Where You Can Never Leave
  • What You’re Telling Me Matters
  • Can Banks Compete with Apple Pay and PayPal?
  • America’s Super States and Stocks that Respect YOU

RSS Yoursurvivalguy.com

  • CATO: Global Freedom Is in Sharp Decline
  • TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic
  • Biden Administration Destroying Retiree Fiduciary Protections
  • 4 Life Changing Words for Your Survival Guy: “You Should Try This”
  • Anti-Carbon Crusaders in Davos Talk ESG and OPM
  • Welcome to Hotel California, Where You Can Never Leave
  • What You’re Telling Me Matters
  • The Rich Seek More from Bank Accounts
  • California’s Wealth Tax Will Drive Out Remaining Rich Residents
  • Political Establishment Irate over Conservative Challenges to ESG

Don’t Believe ’em. They’re Coming for Your Gas Stove

NH Republicans Favor DeSantis Over Trump By a Big Margin

CATO: Global Freedom Is in Sharp Decline

The Telling Depth of Media Propaganda and Censorship

MEDIA BLACKOUT: No One Will Cover Pharma Exec’s Virus Confession

TIME FOR A GONDOLA? Little Cottonwood Canyon Jammed with Traffic

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives