The border
stand-off between the state of Texas and the Federal Government is
the most significant Constitutional issue since the Civil
War.
The States
created the Federal Government, not the other way around. If the
states ever thought they would not be able to protect themselves
from invasion if the Federal Government failed to do so, they would
never have ratified the Constitution and joined the United
States.
The
Constitution was written to limit the power of the Federal
Government. The problem is that the Federal Government has
gradually gained more power for the past 100+ years. This has
encroached on the states and individuals rights.
Texas standing
up for their Constitutional rights could become the beginning of a
shift of rights back to the states. No one recommends investing all
your money in one stock. that would be too risky. Why would you put
all your eggs in one basket?
Diversification of policies
from 50 states would be great for innovation. This
would also create competition between the states. The best
ideas would be copied by multiple states. If there were different
policies, you could move to a state that fit your belief system.
This is what the founders intended.
Diversifying power to 50
states would be great for our economy and our freedom. This could
be a renaissance of freedom. A 1776 moment.
I predict 2024
could become very chaotic. Risk in 2024 likely will be highly
elevated. We are in uncharted political waters. Market risk
will likely be higher.
- Market risk
will likely be higher. Protect your money. Reduce your market
risk. Diversify. Have some guaranteed assets.
- The
government will be pressured to increase revenues as debt
increases. Raising taxes is one method. Create a tax-free bucket of
money.
Your Personal
Bank dividends are interest rate sensitive and will thrive in a
higher interest rate environment. Dividends are likely to increase
for the next several years due to higher interest
rates.
Your Personal
Bank funds grow income tax-free and you can access tax-free. This
shields you from likely higher future tax rates. You can grow your
money safely, with guarantees, tax-free, and highly
liquid.