Senior Managing Editor of The Freeport Society
What happens when the worst people you know team up?
Well, we could find out sooner than we’d like.
Russian President Vladimir Putin and Supreme Leader of North Korea Kim Jong Un just shook hands on a deal that’s got everyone on edge… and for good reasons.
On top of not exactly being poster boys for democracy, they’ve pledged mutual support in the face of any aggression.
The stakes in Ukraine just got much higher.
As concerning as this is, the impact on our ability to protect or grow our wealth is as yet unknown. So, it’s best to look closer to home..
And the picture here – while not as dire – isn’t as rosy as it once was…
It looks like consumers are finally catching on to inflation’s impact. Charles touched on this in last week’s Freeport Alpha update (subscription required), and now we’re seeing it play out.
Rick Cardenas, CEO of Darden Restaurants, points out that customers are smart enough to avoid inflated fast food prices, and are eating at casual dining chains instead.
It seems inflation-weary consumers are beginning to succumb to the pressures.
This will only accelerate the “invasion” silently happening all across the country. Charles talked about this in a recent video – which you can watch here. Not only does he describe the invasion… he highlights its pros and cons… and details what you can do to prepare.
Now, let’s go over what you might’ve missed this week at The Freeport Navigator…
Money for Nothing and the Tips for Free
The dollar is backed by U.S. Treasury securities and the entire banking system. But what does that actually MEAN? And what happens if it fails? Read here to find out.
The Fight Continues…
Freedom may be an unalienable right for us all, but that doesn’t mean we’re going to get it without a fight. So here was our message…
A $175 Million Slap in the ESG Face
Warren Buffett just gave the ESG crowd another slap in the face (figuratively speaking). New Freeport Society contributor, Eddie Pan, digs up the details and considers the implications. Read the full story here.
Looking Ahead
There’s one thing on Charles’ mind next week. As he put it.
The thing about trainwrecks is that they are usually a surprise. You don’t get weeks of advanced warning. Because if you knew a trainwreck was coming… just thinking out loud here… you might divert the trains and stop the disaster.
Not this coming week.
On Thursday evening, we’ll get to see a trainwreck play out in painfully slow motion as President Joe Biden and Former President Donald Trump square off in their first and possibly last televised debate.
The moderator will have the ability to mute the mics of both participants, and we know why. The first time these two debated, in 2020, Trump couldn’t stop talking over Biden, resulting in Biden telling him to ‘shut up’ on live television.
Normally, I wouldn’t waste a second of my life watching an 81-year-old and a 78-year-old trade barbs like the two old men at the back of the Muppet Show. But this debate matters because it could determine if one or both parties decide to retire their candidates and find someone to run who isn’t already a geriatric failed president.”
We’ve been writing for months about the shadow candidate that we suspect could make his appearance over the summer. Charles and Freeport Society friend Louis Navellier discuss the details in this viral video.
Here’s to life, liberty, and the pursuit of wealth.