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BLINK OF AN EYE: Crashing -20% – IS IT IMMINENT?

This article was contributed by James Davis with Future Money Trends

People love to focus on the NATIONAL DEBT and on DEBT per citizen or taxpayer, and they’re right – the FEDERAL DEBT is stupid, crazy, and unsustainable.

As of this writing, each citizen would owe $81,000 if the government tried to close the debt down by collecting EQUALLY from each. Of course, not everyone is an active taxpayer, so when done in that way, it comes out to $214,844/taxpayer since about 1/3 of Americans pay income taxes. The interest component on the debt per adult comes out to about $14,000, had the government wanted to just pay that.

Let’s look at the FLIP-SIDE of this debt equation, which is what getting into this MONSTROUS DEBT has allowed the United States to create: total NATIONAL ASSETS stand at a record $125tn, which is $381k/citizen!

Said differently, if wealth was COMPLETELY REDISTRIBUTED equally among all, debt would be wiped out altogether from the government balance sheet and each citizen would have $300,000 in their pocket.

Courtesy: Zerohedge.com

What you see above is the reason why America works, will continue to PRODUCE WEALTH, and why mistakes are PART OF GROWTH; it works because THINKING AND DOING is rewarded or punished, thus people improve and take personal responsibility, not because everyone is rewarded for just breathing.

Do you know what would happen if America did its WEALTH REDISTRIBUTION experiment?

In 20-30 years, it would be back to what it is today…

In a free market system, some individuals have CRACKED THE FORMULA for creating value, so much so that their net worth is tremendous.

What these people are learning now is that their BIGGEST CHALLENGE is how to create additional value by giving their FUNDS TO CAUSES they believe in. Said differently, the rewards for creating value today are SO LARGE that the rewards are more than one needs to live his dream life and the surplus can be donated towards productive enterprises.

I want you to BE INSPIRED to reach those levels as well!

A great man is one that can earn as much as he needs to live a FULL LIFE with no excess. If he creates RESERVES, he can deploy his HIGHEST DUTY, and that is to reinvest those extra funds in ADVANCING HUMANITY.

Purely capitalistic men believe the way to do it is by investing in businesses that aim to SOLVE PROBLEMS. I, for one, believe it’s about investing in the YOUTH – the future generations.

Courtesy: Zerohedge.com

The TWO CHARTS show you what capitalism is all about: individuals making DECISIONS that have repercussions, both positive and negative, depending on what’s happening. If a government tries to TAKE AWAY the personal responsibility that each has for his lot in life, it will produce STAGNATION and a lack of innovation. Greed, fear, reasoning powers, accurate thinking, herd mentality and deep analysis; these create the market drama and lead to results – there is NO REPLACEMENT to true ingenuity of thought.

Do you love being able to turn on your air conditioner in the summer?

Had it not been for ONE PERSON taking responsibility for solving that issue for the rest of us, we’d still be sweating all day and all night.

Innovation is BORN FROM DISCOMFORT.

Many traders are about to find out that greed is good, but ONLY WHEN coupled with sound reasoning.

You cannot BET THE FARM with everything you’ve got on every idea and we believe that millions of people are about to RE-LEARN that valuable lesson.

We find it hard to envision a -20% move down, but we ACTUALLY ANTICIPATE a few (2 or 3) corrections following each other in the space of two or three months between them, each SHAKING OUT more traders with each passing time.

If you’ve AVOIDED tech thus far, know that 3D printing, cloud computing, the Internet of Things (IoT), robotics, genome sequencing, energy storage, blockchain technology, artificial intelligence, and their ANCILLARY INDUSTRIES understand that valuations are STILL CHEAP for a select few of them!

Expect an incredible list of companies to look into from us in a NEW special report!

The post BLINK OF AN EYE: Crashing -20% – IS IT IMMINENT? first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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economic growth Intelwars Job growth jobs unemployment

February job growth numbers far exceed projections, unemployment drops to 50-year low

Job growth in February far exceeded expectations, and the unemployment rate dropped to 3.5%, which is tied for the lowest level in 50 years, CNBC reported.

Job growth

The U.S. economy added 273,000 jobs in February, surpassing a prediction of 175,000 new jobs based on a Dow Jones survey of economists.

Additionally, the growth numbers for the previous two months were revised upward. December’s job growth was changed from 147,000 to 184,000, and January’s growth was actually 273,000, not 225,000.

The health care industry added the most jobs in February, 57,000, while food services and drinking places added 53,000 jobs. Census hiring boosted government employment numbers by 45,000. The construction industry added 42,000, professional and technical services added 32,000, and finance rose 26,000.

Overall, the total employment level is 158.8 million, which is close to the record that was set in December 2019.

Unemployment rate

The unemployment rate dropped from 3.6% in January to 3.5% in February. It was expected to remain at 3.6%. It’s a 50-year low that was tied in December.

The labor force participation rate is 63.4%, nearly the highest level since mid-2013.

When considering jobless people who aren’t looking for work and people working part-time jobs for economic reasons, the unemployment rate is 7%.

Coronavirus

The strong jobs numbers reflect the state of the labor market before the spread of coronavirus in the U.S. became a widespread issue, and economists are unsure what things may look like going forward. From CNBC:

Most of the consumer-related data points have been good, though the reports coming in now largely cover the early stages of the coronavirus scare and the sharp recent stock market volatility.

With the large measure of uncertainty around the disease, its impacts may be felt in increments rather than suddenly. But if cracks begin to form, the first notices likely will come in employment data.

“If we start to handle things the way they’re handled in Italy and South Korea, closing schools and having mandated cancellations of travel and sporting events, I think there’s no way we don’t start to see it in the labor market and in consumer confidence and spending,” [Liz Ann ] Sonders [chief investment strategist at Charles Schwab] said.

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