(Recorded on 05/17/22) Topics covered on this video coaching call In this special video, trading coach Jerry Robinson provides an overview of technical vs. fundamental analysis, reveals his current stock watchlist, and shares four cryptocurrency tips for new and...
Segment 1: American Socialism 101Segment begins at 01:09
Socialism in America, you say? Never! Economist and best-selling author Jerry Robinson lays bare the truth about socialism in America in his usual provocative manner, from the “political atheist” point of view.
- Washington’s spending excess is indicative of a decadent empire in decline
- Writing on the Wall: The US cannot sustain a 3% growth rate after 10 years into the slowest economy recovery in history
- The Fed’s attempt to raise interest rates was met with a reversal, because America’s economy has proven to be too fragile for even one interest rate hike in 2019
- There is a large discrepancy between Trump’s outlook and the Fed’s outlook on the economy
- Rewind to 2009: US debt was a mere 9 trillion dollars, Bankruptcy of Our Nation was released, and the Tea Party Movement was going strong
- The national debt and deficits have more than doubled in recent years with little to no outrage in 2019
- America’s two-party political system is basically owned by corporate and other special interest groups who represent the will of the elites (not the people)
- Socialism is “a way of organizing a society in which major industries are owned and controlled by the government rather than by people and companies… “
- Case in point: US Military is a social utopia – free benefits – all to the tune of $750 billion plus per year (courtesy of US taxpayers)
- Bottom line: Socialism already exists in America
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Segment 2: The Final Word w/ Jerry RobinsonSegment begins at 19:00
Jerry closes out today’s show with an interesting passage in the Bible and an interesting question that deserves an answer.