Juggling Dynamite

Danielle was a guest with Kerry Lutz on The Financial Survival Network, talking about recent developments in the world economy and markets. You can listen to an audio clip of the segment here.

Note: After our conversation, Kerry forwarded this story in response to allegations that Sessions is racist. See: In Alabama, Jeff Sessions desegregated schools and got the death penalty for KKK murderer (updated).

Interesting perspective expressed in this clip that Reagan’s tax reforms passed in August 1981 because the government was brought together for a few sympathetic months after he had been shot in March 1981.  Stockman actually witnessed these events first hand serving as a Republican U.S. Representative from Michigan (1977–1981), and as Reagan’s Director of the Office of Management and Budget (1981–1985).  Here is a direct video link.

I outlined the profound differences between today and 1981, in terms of economic and market cycle–tax and debt levels, interest rates, demographics, growth outlook and asset valuations–in my discussion with Kerry Lutz yesterday; will post asap.

This is an amazing, inspiring story.  People seem to be waking up to the realization that change must be led by we individuals on the ground, not doled out from figureheads at the top.  Led by Michael A. Wood Jr., a Marine Corps veteran that recently retired from the Baltimore police force to work toward reforming law enforcement, and Wes Clark Jr. (son of military leader General Wesley Clark), 250 veterans have already signed on to the effort of peaceful resistance at Standing Rock.  See:  Veterans are planning a ‘deployment’ to Standing Rock to protest Dakota Access Pipeline.

“This country is repressing our people,” Wood Jr. says. “If we’re going to be heroes, if we’re really going to be those veterans that this country praises, well, then we need to do the things that we actually said we’re going to do when we took the oath to defend the Constitution from enemies foreign and domestic.”