I’ve really been dropping the ball lately. Between business travel, moving, and starting kindergarten, the Kennedy family has been overwhelmed.
I recently returned home from Tampa where everything appeared to be fine. Despite the blue skies and sunny temperatures though, people were suddenly in a panic. That’s because on Tuesday, September 5th, the citizens of Florida received information that Hurricane Irma would arrive in their state.
I knew things were different as soon as I pulled into a grocery store parking lot. It was packed, and the inside of the store revealed the same. A water shelf had been cleaned out (see above), and no one was sure of when it be replenished.
The analogy of the U.S. fiscal and monetary system to a hurricane has too many examples to count. If you ask the typical American if there’s a problem with the dollar and the government’s books, they’ll probably tell you everything is fine. That is, of course, until someone from officialdom finally tells them otherwise.
The fact is that America has a financial hurricane bearing down on it, and far too few people have made any preparations. As I write, places like Tampa, Naples and Fort Myers seem perfectly fine. But by the end of this weekend, they will have been permanently changed.
Hurricane Janet (Yellen) is not too far of shore at this point. Even Vice Chair Stanley Fisher knows that Hurricane Janet will be slamming into U.S. shores pretty soon, and there’s nothing to stop her.
Get prepared now. Don’t wait for some loser from the Fed or Treasury Department to tell you there’s a serious problem. Get Goldmoney, learn about cryptocurrency and start to build a life based on liberty.
I’ve been in Europe for the last two weeks, so you haven’t received the unparalleled content that you’ve grown to love. Since I spent about 32 hours traveling, and 21 of those hours in the air, I feel compelled to comment on the state of air travel in the United States.
My flight to Vienna on Austrian airlines was noticeably different than my typical domestic flight. The passengers seemed more patient and less frustrated as classical music filled the cabin. We boarded the plane without incident, and the crew seemed to be in a jovial mood. My trip on the connecting flight to the final destination was the same.
Upon my return home, I had a nice flight to Frankfurt on a German airline that I had never heard of before. Then tragedy struck when I discovered the final leg of my trip would be on the fateful United Airlines. Chaos began to ensue.
The sing songy middle-aged women began to come out of the woodwork. A “ten minute” repair turned into two hours. Passengers lined up and sat back down no less than three times from the misinformation that followed. The entire experience was mediocre and unsatisfactory (These are the terms that I use so customer service representatives are not permitted to hang up on me.)
The truth is that air travel on domestic airlines has deteriorated along with the U.S. economy. There was a time when flying somewhere was a sophisticated experience. People dressed up, and they were not repeatedly warned that “tampering with, disabling, or destroying a lavatory smoke detector,” was a federal offense. Loved ones greeted you at the gate upon your arrival. I even remember boarding a flight about ten minutes before take off in 1997. But after 9/11, these experiences became halcyon memories.
Now airline customers are treated like hostages or even cattle. Yesterday, a video surfaced of a doctor being removed from a United Airlines flight. Fellow passengers recoiled in horror as the doctor was beaten and dragged from the plane. We can only hope that this poor doctor is awarded with the a seven figure “voucher” and permanent Star Alliance Gold status.
So how are United Airlines and the U.S. economy alike? Both of them were formerly sound, reputable and an example to the rest of the world. Now each of them are a like former beauty queen who’s added a 100 pounds but still treats people like she’s some kind of diva. Unfortunately, the best days for America’s economy are behind us, but like our former beauty queen, we’re trying to cover our age with plastic surgery (artificially low rates) and thick make-up (inflation).
It’s worse than I suspected. Last week, I had the chance to fly around the Northern Virginia area in a helicopter. The number of subdivisions being built as far south as Richmond is astounding. I’ve been concerned about this bubble since 2014, and frankly I can’t believe just how big it’s gotten.
Zero percent interest rates have created a massive amount of malinvestment in the Washington, D.C. area. Cranes paint the nation’s capital, and they don’t stop there. Billions continue to be poured into the D.C. Metro line, which is being extended out to the Dulles Airport and beyond. These are the type of projects that are commenced through the vast misallocation of resources that only artificially low interest rates can provide.
It’s been a busy week in the financial world. The Fed raised interest rates, America hit it’s debt ceiling (again) and digital currencies seem more volatile than ever before. Luckily we had Eric Dubin on the show to help sort out some of the things going on in the marketplace.
I’m so busy and tired that I forgot to send out last week’s email. If you missed episode 94 with Tim Delmastro, then be sure to check it out!
Not only am I exhausted from life, work and parenthood, but I’m also fed up with Janet Yellen and the Federal Reserve. Next week, the Fed is “almost guaranteed” to raise interest rates for the third time at “the most important Fed meeting ever.” The hype and fanfare is nauseating.
The Fed hasn’t even raised rates to the 1% bottom that Alan Greenspan achieved, which created last financial crisis. Now people like Steve Liesman are still acting like the “geniuses” at the Fed have done the impossible. “They saved the U.S. economy,” they tell us, but they have only served to secure a more fateful demise.
Like a man attempting suicide by climbing several more flights of stairs, the Fed has only ensured that we will be falling from a greater height when we finally leap. The truth is that we’re probably already falling, but we think we’re ok because we haven’t hit pavement yet.
Be sure to check out our episode with musician Gene Goodman, and protect your savings from the Fed with Goldmoney!
In stunning fashion, the Patriots (or the Cheatriots as John calls them) beat the Falcons on Sunday in what will most likely be considered the greatest Super Bowl of all time. The Patriots were losing 28-3 with 8:30 left to go in the third quarter, which would normally be an insurmountable lead.
I wasn’t rooting for either team, but I thought it would be nice if the NFL’s perennial cheaters from New England would be served a humiliating loss on America’s biggest athletic stage.
“The devil’s own children have the devil’s own luck.” This was one of Grandma Kennedy’s favorite sayings, and it ran through my mind as I watched the Cheatriots mount the greatest comeback win in Super Bowl history.
Like the dollar, the Cheatriots, are the “Teflon Don” of the NFL. Spygate, Deflategate, and a murderer (Aaron Hernandez) have not stopped Cheatriots quarterback Tom Brady from becoming the winningest in Super Bowl history.
But there will come a day. Like Lance Armstrong, Pete Rose, Barry Bonds, Mark McGwire, Tiger Woods, Tonya Harding and countless other athletes have learned, reality always catches up with you. One day both the dollar and the Cheatriots will be unmasked, and the fraud will leave a whole bunch of people angry, frustrated and disappointed.
Our country has lost its collective mind, and it’s no more apparent than allowing pets on airplanes. Before you hit unsubscribe, let me assure you that I appreciate animals like a fine cigar. I enjoy both on the ground and not in a confined sky tube. Comedian Adam Carolla has famously said he will eventually bring Gilligan, his pet pelican, on an airplane just to prove the foolishness of this relatively new privilege.
On my return trip from Arizona, the airline seated me next to a burly man with a tiny dog. I didn’t notice the “service animal” in a small carry-on until my throat and eyes began to react to the scent. You see, I’ve always been allergic to pet dander.
I notified the flight attendant that I’m allergic to pet dander and that I would be self upgrading to business class. Before she had a chance to speak, I turned around and headed for my new seat.
Let me encourage you to do more things like this in your own life. If companies and governments are going to adopt these inane policies, then leverage them to your advantage. They started this war, and it’s up to us to win it!
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On Sunday night, I headed to the Dulles Airport (IAD) because I have business this week in the Phoenix, Arizona area. As my Uber driver approached the entrance, I noticed an unusually large amount of traffic for a Sunday evening. Upon entering the airport, I discovered the reason for the added congestion.
Feminists from all over the country descended upon Washington for the “Women’s March” the day before. The terminal suffered a concentration of pink hair, lip rings and militant grimaces. IAD never felt so uncomfortable.
I don’t know how these young women paid for their trip, but I do know that it was waste of their time and money (or most likely their credit). Washington does not have the answer for young people struggling to get ahead in the wake of Obama’s failed economy. These young “ladies” would be far better off investing their time watching episodes of KF.
Last week was a big one for KF. Not only did we interview Rob Kirby, Andy Hoffman and Craig Hemke, but we also passed 500 subscribers on YouTube! Additionally, we got to interview Dr. Keith Smith who is a pioneer in the free market healthcare industry. KF is becoming a legitimate source for information on free market capitalism and sound money, and we thank you for making that happen.
If you want to support the show while protecting your wealth, then you can click the Goldmoney banner above!
The guest this week will be Hunter Thompson, so reply with your questions now!
On Monday, January 16, 2016, my grandmother, Mary Kennedy, passed away at the age of 92. Being a survivor of the Great Depression, a mother of eight children and possessing a strong work ethic, my grandmother was always frugal.
She didn’t have a college education, she never had a career after her children were born, and my grandfather predeceased her by over 30 years! Additionally, she spent her last several months encumbered by numerous medical bills and an expensive nursing home. Despite these adversities, she still died with a net worth of six figures.
How is that possible? My grandmother understood the value of money, and she hardly ever spent it. She mended clothes, drove cars forever and always lived within her means. From an early age she always told her grandchildren to “save for a rainy day.” She will truly be missed.
Today I interviewed Andy Hoffman to learn why Americans should be preparing for the difficult times not seen since my grandmother survived the Depression.
We saw a slight pull back in gold today, so don’t forget to buy the dips in your Goldmoney account!
Tomorrow’s guest will be Dr. Keith Smith, so reply with your questions now!
You read that correctly. Not my car loan payment. My lone car payment. Today I took our 2004 Toyota Corolla to get it’s annual maintenance. When a car has almost 200,000 miles, you can expect to lay out about $800-1,000 once each year for a new problem or routine maintenance.
This good news is that our Corolla has been paid off since 2009, and has been giving our family nearly free mileage ever since. Each year, I fork over the “lone car payment” from our emergency fund to the local Toyota dealer, and our car is as good as new.
Today I interviewed Craig Hemke to discuss other ways how poor and middle class Americans can get ahead in our bubble economy. Please leave a like and a comment if you like what your hear.
Make sure to open your Goldmoney account before it’s woulda, shoulda, coulda!