Current Outlook
"The Changing
Moment"
The reordering of the world political landscape was brought into
clear focus with the Ukraine visit to the White House yesterday.
The U.S. is no longer going to serve as Europe's protector as Zelensky
was asked to leave the White House meeting without lunch.
Trump's announcement of more troops to the Mexican border and
tariffs for Mexico, China and Canada will probably rile the Democratic
party. Of course, the Mexican government is aligned with the
cartels and just maybe, the U.S. will need to intervene before the
decade is over.
Is Trump really looking forward to buying Greenland and
making Canada the 51st state? As the world begins to reshape and
the Brits and the Eurozone find themselves impotent militarily, there
will no doubt be a withdrawal of U.S. forces from Europe and the
Middle East..
The FBI raiding the NYC FBI offices is somewhat of a shocker but
the stonewalling is not acceptable.
It is no wonder that the federal
cash deficit is $35 trillion and the GAAP deficit is over
$250 trillion.
With the U.S. GDP only around $24 trillion, something is
going to give shortly.
Watch those federal interest rates and bond sales closely
...they are probably more indicative of what is ahead than the stock
market.
The savings already discovered is in the billions of dollars. As
the cloak of secrecy is unmasked, voters of both parties are
simply disgusted with the Uniparty.
Not surprisingly, the Democratic opposition is launching more
lawfare as its funding apparatus using NGO's has been exposed.
The wholesale termination of probationary governmental employees,
the acceptance of 70,000 buyouts by former governmental workers and
the termination of thousands of outside contractors at various
institutions and universities will obviously have an effect on the
economy and the unemployment rate going forward.
So far this year, Gold has outperformed the market and London's
physical gold reserves are dwindling back to the U.S.
Will Musk finally audit the Ft. Knox reserves?
Do not be surprised if the NASDAQ falls through 8,000, the SPX
to 2,500 and the DJIA sees the 25,000 level.
Remember -- "Only purchasing power counts!"
Remember to ... "Keep It Safe, Simple and Stay Focused!" going
forward.
Fred Richards
March 1, 2025
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