I've always been a big fan of Harry Browne's writing and his permanent portfolio, and 100% agree with Doug Casey's macroeconomic analysis. It used to be said that there are two certainties in life: death and taxes. Really there are three: death, taxes, and the devaluation/default of fiat currency.
Mr. Browne's entire life and the history of the P.P., notwithstanding the loss of purchasing power of the dollar, was lived under the postwar consensus.
If the future includes a relentlessly higher debt-GDP ratio in which yields steadily rise and dedollarization continues how safe are the 25% cash and 25% long term treasuries portion of the P.P? In this scenario we might be entering a generational bond bear market.
Would a 30/30/30/10 be wiser for the new world we find ourselves in (stocks/gold/cash equivalents/commodities)
America needs to suspend all overseas aide until we get our own house in order. This Republic wasn’t created to be part of the entire world’s problems, it was founded to leave that all behind. And we succeeded.
Unfortunately, we are a humane country who believes in liberty, so we saved Europe and then took on the role of the Godfather of the Western world. It’s time to back away before it’s too late.
Of course, Trump can try and go settle the conflicts, because war is bad business (except for the military industrial complex)
It's too bad we don't get serious about renegotiating the creation of credit as currency. The US Constitution offers an alternative where only Congress can issue the currency. Which would mean a permanent non revolving, non interest bearing currency. Which would mean no debt. But that would require enduring threats from those that benefit from the current thievery.
I've always been a big fan of Harry Browne's writing and his permanent portfolio, and 100% agree with Doug Casey's macroeconomic analysis. It used to be said that there are two certainties in life: death and taxes. Really there are three: death, taxes, and the devaluation/default of fiat currency.
Mr. Browne's entire life and the history of the P.P., notwithstanding the loss of purchasing power of the dollar, was lived under the postwar consensus.
If the future includes a relentlessly higher debt-GDP ratio in which yields steadily rise and dedollarization continues how safe are the 25% cash and 25% long term treasuries portion of the P.P? In this scenario we might be entering a generational bond bear market.
Would a 30/30/30/10 be wiser for the new world we find ourselves in (stocks/gold/cash equivalents/commodities)
America needs to suspend all overseas aide until we get our own house in order. This Republic wasn’t created to be part of the entire world’s problems, it was founded to leave that all behind. And we succeeded.
Unfortunately, we are a humane country who believes in liberty, so we saved Europe and then took on the role of the Godfather of the Western world. It’s time to back away before it’s too late.
Of course, Trump can try and go settle the conflicts, because war is bad business (except for the military industrial complex)
It's too bad we don't get serious about renegotiating the creation of credit as currency. The US Constitution offers an alternative where only Congress can issue the currency. Which would mean a permanent non revolving, non interest bearing currency. Which would mean no debt. But that would require enduring threats from those that benefit from the current thievery.
Me, too. But I don't expect that to EVER happen, because a reduction in spending will cause the dreaded R word.