Are liberals aware that Ronald Reagan warned us about the disaster that is Obama's presidency?
I’m assuming you’re referring to a video that takes a Ronald Reagan campaign speech from 1961 and juxtaposes it with cherry picked, out-of-context quotes by President Obama and VP Biden.As others have noted, the Obama presidency wasn’t a disaster. Employing the policies that Reagan warned against, Obama helped guide the USA through the Great Recession and handed Trump a booming economy with a low unemployment rate.Reagan, of course, did many of the things during his own presidency he seemed to warn against in 1961. For good reason, the economy of the 1980s and 2000s is very different from the one that existed back in 1961. I would not want a doctor trying to use ’60s era advice to treat my cancer. I would not want a politician using one non-economist’s ideas about the 1960s economy to handle the economic realities of today.In the speech, Reagan warned against the government spending more than it takes in. As president, Reagan increased the debt by nearly a trillion dollars. The USA went from being the world’s biggest creditor to the world’s biggest debtor.In the speech, Reagan complained the USA raised the debt limit three times and warned against this. President Reagan raised the debt limit 18 times. Obama raised it 4 times, by comparison.So, yeah, Reagan in 1961 warned against things the Obama administration did. But Reagan also warned himself. If Reagan didn’t heed his own ancient advice, why expect Obama to? The likely answer is both Reagan and Obama, when president, knew Reagan’s understanding of how the economy in 1961 worked was simply misinformed.tl;dr: Are conservatives aware Ronald Reagan warned us about the deficit spending disaster that was Ronald Reagan’s presidency?Update: Oh, look. Trump just raised the debt limit too. Boy, why didn’t he listen to Reagan from the 1960s! What a jerk, huh?News from The Associated Press
What's the best investment to make in 2017?
There is one indicator that is more clear to me than any other. It has helped me make millions in the financial markets. My most recent investment based off of this indicator was buying bitcoin at $200 back in August, 2015 (As of the date this article was written, Bitcoin trades just under $2,500). This one golden indicator is; Buy what people hate.If everyone hates it, buy it.This indicator has shown up on my radar once again.There is one asset class in one economy that everyone seems to hate. The Iranian Stock Market. It’s not that hard to find stocks with a P/E ratio of 5–10 that offer 10–15% dividends! These stocks are flowing with money, something becoming rarer and rarer (hint; Tesla, Snap, Amazon). Most concerns are with sanctions on their economy, and even though sanctions have been lifted by the EU and a quite a few UN nations, they still exist.But looking into the future, economic growth is expected to thrive (some economists say 6–8% GDP growth is respectful) as Iran rebuilds their once thriving economy and ties with other nations. 60~% of Iran’s population is under the age of 35 with over 85% of them being literate! And when I spoke to locals I received a very entrepreneurial vibe, some saying that if a new tech product came out overseas, they would have it replicated within weeks. Could Iran follow the footsteps of China?Iran has many problems including corruption and a growing drug problem. But wasn’t China the same? Their economy holds rather low debt (if I remember correctly, Government Debt to GDP lies at around 4%! with consumer debt being minimal as well), Gas and Oil made up only 10% of Iran’s GDP in 2014 (probably less now with the falling price of oil), and the Tehran Stock Exchange (TSE) holds over 37 industries (diversifying away from natural resources).When people find out that Iran is not as bad as Fox News puts it, I could expect a lot of these stocks to rise 2x–4x fold, and then continuously rise with Iran’s growing economy and entrepreneurial spirit. I have my eyes set on a 10,000% ROI over the next 10–30 years.(All of the pictures in this post were taken from Google Images) I also want to make it clear that this is not financial advice, and any risk you take is on you.
What is the probability of a global recession coming in 2018? Why or why not is it likely?
When you study this GDP recession indicator chart history you will see that we very well are DUE for a new recession.Currently the probability is low… less than 5% according to the index. As you can see the probability shoots up quickly in past recessions… almost without warning.The grey areas are recessions and they seem to occur every 7 to 10 years consistently.This chart shows that we are about due for one, since we came out of the last recession in 2009 or so.What will trigger the next recession is unknown, and I don’t pretend to know the answer since all current indicators show the economy is strong, Real Estate markets are still very healthy, stock markets are at an all time high, the job market is very healthy, GDP is up, and business sentiments are generally very positive.What should frighten you is that if you look at the probability line you can see that when recession hits… it hits fast and hard and usually when nobody is expecting it.It’s not a matter of if but when… Not sure if it will be 2018… but I believe it will be soon.To Conclude:When a recession hits they tend to hit HARD and FASTRecessions tend to hit when nobody thinks they can.There is typically a “Triggering Event” or catylsyt that most cannot see that causes a recession (The mortgage crisis in the last recession)The people that suffer the most are the middle class consumer/workerThe market goes in cycles and our booming economy cycle looks to be at it’s tail end based on irrefutable history.BE READY for the next recession and take steps to protect yourself and capitalize on it. (many new millionaires are made during down turns)Here is what NBC saysHere is what Fox saysIf you got a bit out of this post and like the chart I referenced to, please follow me for other answers and give me an upvote below.
Are things actually bad in Venezuela or is that capitalist propaganda?
My wife and I have lived in venezeula approximately 9 mos a year for the past 4 years. My wife and I moved here when the local currency was trading at the free market rate of 68 Bs to 1 USD. On Aug 15 2018 before the introduction of the new Bolivera the exchange was 9,987,500 Bs to 1 USD. Inflation is spiraling out of control. IMF published a report that indicates prices double every 18 days. I can attest that prices rise on a daily if not an hourly basis. There are two Venezuelas. You are either very poor or very rich in Venezuela. The middle class is a very small population of the total (completely opposite to the US). I see people on a daily basis eating from the garbage along the road. The biggest problem is the security. After dark, Venezuela is like the wild wild west, armed robberies, kidnappings and homicides are the rule and not the exception. CNN reports that Venezuela is the most dangerous country in the world for the second straight year. LA Times reports a Homicide rate of 119 per 100,000 (compare that to the US with 5.35 per 100,000 for 2016). The Socialist government is failing the people while the leaders steal the wealth and do business with the drug cartels. 1000’s of people flee Venezuela daily to escape the poverty and hardships. A report by the Guardian on May 09 2018 – indicates that at lease one million people have entered Colombia from Venezuela since Maduro’s government has entered into a crisis last year. This figure does not include those fleeing to the US, Brazil, Peru, Spain and other countries. By creating hardship for his people, Maduro is exporting Venezuelan citizens to other countries to send money back to their families in Venezuela, allowing the government to further neglect its citizens at home. This process is going to start its second wave as I speak. Those who can leave are leaving, those who can’t will need the support of those who have left as the government will not help. The infrastructure is failing, brownouts are a common occurrence, water is controlled by the military, food distribution is controlled by the military (imagine kickbacks and bribes just to get food). I love the people of Venezuela, I love the country of Venezuela….however the Socialist Government has completely destroyed Venezuela, it will take at least three generations after Socialism to restore Venezuela back to what it was, The Saudi Arabia of Latin America.