Feb 13, 2024
The farmer
protests in Europe should become a wake-up call.
The European
Union's nature restoration law, was attempting to set legally
binding "Green New Deal" style targets to restore at least 20% of
the EU's land and sea areas by 2030. Europe is dealing with
increasing food prices. Taking agricultural land out of
productive use reduces food production.
One of the
most basic human needs is food. It hurts people and the economy. It
hurts lower income the most. This makes no logical
sense.
Farmers are
conservationists. They want their land to remain productive. It is
how they make their living and take care of their families. Farmers
don't need unelected bureaucrats, most with no farming
experience, telling them how to do their
jobs.
This is a
common thread with government. Do you want government bureaucrats
telling you how to do your job or run your business? No. That is
ridiculous.
What
government leaders, both elected and unelected, need to understand
is that the American people don't want them to do anything except
keep our country safe and secure. Do their job and stay out of our
lives. We just want them to leave us alone!
The only way
they will learn this lesson is for us to vote them out. We need to
replace them with representatives that will represent us, not
themselves or their own agenda.
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.