Chief Investment Strategist, The Freeport Society
So OPEC+ disappointed yesterday… staying steady on voluntary production cuts.
That’s OK. As I wrote on Friday, we have an option beyond green and dirty energy. And it’s creating a no-brainer trade opportunity for the next decade.
What won’t disappoint is November 5, a day synonymous with political fireworks.
November 5 is Guy Fawkes Day. That’s when the British commemorate the infamous Gunpowder Plot of 1605 in which Fawkes and his coconspirators tried to assassinate King James I and his parliament by exploding the House of Lords.
They failed, of course. But more than 400 years later, it’s unclear whether current Brits are celebrating the foiling of that plot or that Fawkes fought the good fight.
Regardless, he’s remembered as the last man to enter parliament with honest intentions.
There’s a little something else happening this November 5.
Unless you’ve been in a coma for the past year and the first thing you did upon regaining consciousness was check your email and read The Freeport Navigator, you’ll know that’s when we’ll be electing one of two decrepit old buffoons well past their shelf lives to a second presidential term.
Unless, of course, the shadow candidate we suspect is waiting in the wings steps forward around August 19. If that happens, things will get infinitely worse, as I explain in this video.
No matter, there will be no winners in this election.
Whoever gets 270 electoral votes, all 330 million of us will be losers… as will be our unborn children and grandchildren.
This depressing thought occurred to me last night as I was reading Freeport Society friend Rodney Johnson’s latest newsletter, The Rodney Johnson Report. As Rodney puts it,
When it comes to the economy, Biden and Trump are almost carbon copies. While they have wildly different views on how money should be spent, they are of one mind that money should be spent, and the more the better.
To top it off, they are like-minded when it comes to the need for barriers and tariffs to protect the U.S. economy. Trump wants more tariffs to steer domestic consumers to things made in America, and Biden wants to increase tariffs and quotas to keep foreign products out of our economy.
The verbiage is a little different, but it amounts to the same results.
While both candidates claim to want to protect American workers, with unemployment near 4%, who needs protection? But don’t worry; each has your back.
Unfortunately, the protection racket doesn’t come cheap. And no matter what politicians say, the money always comes from the constituents, if not now, then in the future.
The great United States of America is about to surpass $35 trillion in debt. Presidents Joe Biden and Donald Trump borrowed close to half of that amount.
There is no reality or even parallel universe where either of these clowns saves America.
More than any two people alive today (three people if you include Federal Reserve Chair Jerome Powell) they are the ones responsible for making this mess to begin with.
I’m reminded of the quote often spuriously attributed to Albert Einstein…
“The definition of insanity is doing the same thing again and again and expecting a different result.”
We already know what kind of presidents Trump and Biden will be. We’ve seen it with our own eyes over the past eight years. Yet we’re somehow expecting a different result this time around? That would seem to fit the definition of insanity.
I’m not going to tell you who to vote for. That would be entirely contrary to the ethos of The Freeport Society, and I believe you’re perfectly capable of making your own terrible voting decisions without my help.
What I will tell you is to prepare for the inevitable result of this election, whoever wins: More debt… more deficit spending… continued inflation… increasing belligerence from OPEC+… and the increased likelihood of a major crisis of confidence for the dollar (especially because of the plans already underway to dethrone the mighty U.S. dollar as the global reserve currency… more details in this video).
To do this, you should own some anti-dollar hedges. I recommend taking a look at gold and Bitcoin as good starting points. Keep your position sizes reasonable and don’t get carried away. But absolutely spread your risk outside of the dollar.
Also, stick with quality. While the precise details of every financial crisis are always a little different, strong companies with fortress balance sheets have a way of navigating whatever might come: inflation, deflation, boom, bust, war, pestilence…
Buy the shares of companies that have already survived it all because they’re the ones most likely to survive whatever comes next.
And look to investment and trading opportunities in the other trends we follow at The Freeport Society as we move through this Age of Chaos.
This is how I’m helping my Freeport Investor subscribers protect their wealth and pursue the American dream of our 1776 forefathers. Of our current 24 open positions in our model portfolio, 80% are in the green while 40% of them are up in the double digits. This video will show you how we’re doing this.
To life, liberty, and the pursuit of wealth.