Nothing destroys freedom, growth and innovation quite like “centralized control” and it’s discouragement of individual thought, speech and/or action. Contrary to constant fear peddling and endless lecturing by the global elite contingency, Britain did not fall into the abyss following Brexit , the U.S. did not collapse after the election of Donald Trump and Italy did not break off into the Mediterranean following yesterday’s referendum vote.
In fact, Britain’s benchmark share index, the FTSE 100 made an all time high in October following Brexit, All three U.S. benchmark indices are at all time highs following Trump’s victory and European indices have shrugged off any serious concerns following Italian Prime Minister Matteo Renzi’s defeat.
The minuscule percentage of men and women who have managed to garner and control the the lion’s share of the world’s wealth and power, have also managed to keep things just the way they are by using the same financial and political power to do so – until recently that is. The battle between those who crave power and those who crave freedom is taking a turn, and a serious one at that.
We all have the inherent ability to respect power and leadership as much as we have the desire for freedom- but in the end it always comes down to two inevitable questions: What have you done for me, and what have you done for yourself? When a leader amasses a net worth of close to $1 Billion while their average constituents make $50 per month, the answer is glaringly obvious. On the other hand, when a CEO amasses a net worth of $6.3 Billion and in that same course of time creates 2,200 millionaires, the answer is equally as obvious.
According the a 1992 NY Time article titled, “Unlikely Millionaires” – Microsoft turns cautionary at the dropping of figures, but a distinguished Wall Street research firm estimates that at least 2,200 employees at Microsoft’s Redmond headquarters east of here — nearly one in five — are millionaires. Not even the height of the Wall Street takeover frenzy of the mid-1980’s made as many instant millionaires as did simple employment at Microsoft for the last five years, analysts say.
There is a delicate balance that needs to be obtained when you are a member of the ruling class and a very fine line between relevancy and obsolescence. Unfulfilled promises, bad decision making and poor results are the easiest ways to disturb the balance and cross that line – just ask David Cameron, Barack Obama, Hillary Clinton, Francoise Hollande, and Matteo Renzi. Under current leaders of the world, the rich have gotten richer, the big corporations have gotten bigger, the poor have gotten poorer and the middle class has gotten smaller, not a good way to win friends and influence people, as Dale Carnegie would say.
LAST WO-MAN STANDING
Did Angela Merkel not get the memo that seems to have gone globally viral, or did she have a secret epiphany when she announced that she is running for a 4th term as Germany’s chancellor? As the last standing open borders globalist in the region, Merkel is responsible for an unprecedented invasion of up to 2 million migrants flowing to Germany in an unorganized, irresponsible manner. Migrants who can not be screened properly, don’t share any values or beliefs consistent with the indigenous people of the country, and who have wrought havoc on the people of Germany- especially the female portion of the country.
So what has Merkel done for Germany lately? According to the Gatestone Institute, March, 2016: (Link provided)
*Sexual violence in Germany has skyrocketed since Angela Merkel allowed more than one million mostly male migrants from Africa, Asia and the Middle East into the country. The crimes are being downplayed by the authorities, apparently to avoid fueling anti-immigration sentiments.
*Police in Cologne received more than 1,000 complaints from women, including 454 reports of sexual assaults, related to New Year’s Eve. Police in Hamburg received complaints from 351 women, including 218 reports of sexual assault that took place on the same evening.
*”The moment they [male migrants] see a young woman wearing a skirt or any type of loose clothing, they believe they have a free pass.” — Restaurant owner at a mall in Kiel.
Will Merkel buck the recent ‘trend’ and get elected to a 4th term in 2017, or fall victim to it? Time will tell, but smart money is on the latter.
TRICKLE DOWN GLOBANOMICS
They’ve tried it, then forced it on us and are now denying it ever existed. Well it does exist and one by one, western countries are rejecting it. Globalism is nothing more than a small, centrally controlled group of elites whose goal is to further enrich themselves, while redistributing the assets of others in order to do so. It’s a devious and intentional method to confiscate assets away from one group of people and bestow them upon another group of people for the sole purpose of selling more of their products and ideas to the new, larger group of people. This is all done under the guise of empathy, proclaimed respect for human rights and the the grand daddy of them all- the urgent need to save the planet from “climate change.”
What they fail to mention when they try to convince us that they have developed a top secret global thermostat that only a few select people know how to program, is that the earth’s climate has been experiencing radical temperature changes for 4.5 billion years and will likely continue to do so for the next 4.5 billion years.
I’m curious if anyone has taken the time to calculate the effect of removing too much carbon dioxide from the atmosphere. Logic would surely dictate that if you can keep a planet from bursting into a fireball just by reducing carbon dioxide levels, you can just as likely send us into a cryogenic state by reducing such levels too much… wouldn’t it?
OK, BACK TO THE MARKETS…
The trend is certainly bullish for the time being but that doesn’t mean it won’t change. Common sense and pragmatism seem to have found their way home, rates are creeping back up and the banks are happy. Lower taxes and fewer regulations will help businesses across the country, and a new health care direction could induce hiring, higher wages and full time status for current workers who are on part time status due to present health care mandates.
There is so much changing around the world at such a fast pace, it’s hard to chart a course that you’re comfortable sticking to. At approximately 18-20 x future earnings, the S&P 500 is fairly valued to slightly over valued, there’s still that little deficit thing looming, (almost $20 Trillion now and counting) many tech stocks are still on a sugar high and the IMF just stated that the global debt is $152 Trillion! If you’ve been long stocks then you should stay long but keep a cautious bias and a sharp eye out for a trend reversal. It’s a perfect time for selling covered calls to generate income and/or buying puts against your positions to lock in profits and substantially reduce risk. I would be hesitant to start new positions at these levels but would consider it on a 5-10 % correction.