The “throw the bums out” mentality is strong these days. The problem is finding anyone better to replace them. If history is any guide, the House of Representatives will change hands again in next year’s election. Will the next Congress balance the budget? Will it rein in a gargantuan military budget that is more than twice the size of Russia’s and China’s combined? Will it make any attempt to reform Social Security to at least postpone the inevitable insolvency currently projected by 2034? Or will they just point their fingers at the other guys and then carry on as usual? To answer those questions, I’ll pass the baton to James Hickman.

The market is priced for perfection right now and that’s a problem. It doesn’t mean the wheels will fall off. It does mean caution is warranted. And if you’re looking to invest in the AI revolution, for truly life changing returns, you need to look beyond the behemoth stocks leading the Nasdaq.

Imagine trying to function in today’s world without access to the internet. I know that my life would come screeching to a halt. Apart from not being able to work, I wouldn’t be able to access my bank accounts or even pay my electric bill. I’d be useless. We are already close to that point with AI. And this is still the very early days. So how and where do you invest for life-changing profits? Let’s look.

I traveled the world in my 20s and 30s, long before AI existed in any usable form. Somehow I managed to get where I needed to be. 

Today?

Over the weekend, Musk posted on X that he had set up the America Party to challenge the Republican and Democratic “Uniparty.” If it’s a success, it may be even bigger than when the South flipped from Democrat to Republican and fundamentally changed the electoral map. What does it mean for markets?

I read Joseph Conrad’s Heart of Darkness 20 years ago, but I still keep a copy on my bookshelf as a reminder of what unchecked power can do to an otherwise civilized person. Our “leaders” may not be engaging in human sacrifice like Kurtz. But they seem to have the same God complex.

As members of The Freeport Society, we are committed to fighting for our financial independence with the same vigor. And we won’t let socialists, crony capitalists, mercantilists or any other wealth-destroying scoundrel get in our way. Today, as we celebrate our independence, let’s recommit to the fight for our financial freedom… together.