Economic News

Why We Held an Emergency Meeting This Week

“Never underestimate the size of a panic or the power of a politician.” — Sir Harry Schultz

“Rebellion to tyrants is obedience to God.” — Ben Franklin’proposed motto for the United States of America.

This week was supposed to be the week we all met in Las Vegas for FreedomFest 2020. Over 1,300 people had already signed up, despite cancellations. Alas, the imperial governor of Nevada canceled our big event at Caesars Palace. There was no hearing, no apology and no offer to reimburse us for the costs we incurred.

Meanwhile, the governor allowed hundreds of gamblers to meet and socialize in the casinos.

My wife, Jo Ann, and I traveled to Las Vegas and met up with quite a few attendees who had come to Caesars Palace anyway. We gave them each a “Catch the Vision” bag, which will be a collector’s item. In talking to the attendees in Vegas, many were shocked about how the government could restrict our freedoms practically overnight and continue to do so. Are our democratic and individual rights as citizens, businesses and institutions in sharp decline?

At an event sponsored by the Investment Club of America, we all met up at an undisclosed location in Vegas with some local supporters, and we had our picture taken holding up copies of the Cato Institute’s booklet of the Constitution, Bill of Rights and Declaration of Independence. (Thank you, Cato Institute!)

We wanted to declare our support for our First Amendment right to freedom of assembly and free speech. We had a photo taken (see below), and while a few participants wore masks, but most took them off. We didn’t want our voices to be muzzled.

Note the size of the crowd. We want everyone to know we were in defiance of the governor’s mandate to limit conferences to 50 people. We weren’t a threat to anyone.

Our Virtual Emergency Meeting a Big Hit

Good news! On Monday, July 13, we hosted a “virtual” Emergency Meeting of FreedomFest.

I moderated four panels with 15 of our top speakers. You will learn the truth about the pandemic… the scary tax increases under Joe Biden and the radical Democrats…. huge changes in the economy, politics, culture and the markets…. the outlook for the November elections…. and the potential dangers and threats from China, the Middle East, Latin America and Europe.

You will also see a debate over the growing threat of voter fraud in November.

You can watch it at any time by going to www.freedomfest.com. It’s free of charge. Already, over 3,000 people have watched it.

Here is the agenda:

Welcome

Mark Skousen, moderator

The “New Normal”: What Has Permanently Changed

Dr. Joel Hay, Kerry McDonald, George Gilder and Terry Kibbe

The Global Economic Summit

Steve Moore, Barbara Kolm, Roberto Salinas and Li Schoolland

The Pandemic Election: What to Expect in November

Grover Norquist, John Fund and Nick Gillespie

What’s Our Expectation for the Future and the Markets?

Steve Forbes, Jonathan D. T. Ward and Alex Green

‘Healthy, Wealthy and Wise’

Our theme for next year’s big show, scheduled for July 14-17, 2021, at the Paris Resort, in Las Vegas, is taken from Ben Franklin’s famous refrain, “Healthy, Wealthy and Wise.”

We already have over 800 people signed up. However, we don’t start taking registrations until November.

Freedom and Gold

At our banquet each year, we sing a song entitled, “Freedom and Gold.” The lyrics warn of the three greatest threats: “inflation, taxation and government control.” This anthem has never been more appropriate than in 2020.

But we will never give up. We will continue to fight the good fight against government tyranny. Ben Franklin’s motto was “Rebellion to tyrants is obedience to God.”

We will continue to adjust our investments to take advantage of the situation, no matter how dire. Free enterprise, especially in technology, and gold are the best investments as we enter a new decade.

Good investing, AEIOU,

Mark Skousen

You Blew it!

Google is Unbelievably Biased… Fortunately, There’s an Alternative Search Engine

Recently, I did a search on Google to find out if there were any medical experts who were against wearing masks. I googled “the case against wearing masks.”

Amazingly, up popped a series of articles ALL defending the wearing of masks. I couldn’t find a single article against masks. The articles included: “CDC calls on all Americans to wear masks,” “Do face masks really reduce coronavirus spread,” to which the response was, “Yes,” and “The argument against the argument against facemasks.”

Talk about bias!

When I mentioned this bias to FreedomFest attendees this week, one person mentioned an alternative to Google: DuckDuckGo.com, a search engine that is gaining momentum because it offers privacy, objectivity and encryption. It has 63 million daily searches!

I went to www.duckduckgo.com, typed in “the case against wearing masks” and got quite a different list — it has had several articles by medical scientists arguing against masks, the topic I was actually searching for.

They included: “Surgeon General: Data doesn’t back up wearing masks,” “Here’s why some people aren’t wearing masks,” and “Civil rights-era laws against masks clash with federal mandates.”

Google keeps track of every entry you make and profiles you. It also uses an algorithm that supports its own biased views. I find this very disturbing.

I’m glad to know there is an alternative. From now on, I’m avoiding Google and using DuckDuckGo. It maintains your privacy and doesn’t track your entries.

Mark Skousen

Mark Skousen, Ph. D., is a professional economist, investment expert, university professor, and author of more than 25 books. He earned his Ph. D. in monetary economics at George Washington University in 1977. He has taught economics and finance at Columbia Business School, Columbia University, Grantham University, Barnard College, Mercy College, Rollins College, and is a Presidential Fellow at Chapman University. He also has been a consultant to IBM, Hutchinson Technology, and other Fortune 500 companies. Since 1980, Skousen has been editor in chief of Forecasts & Strategies, a popular award-winning investment newsletter. He also is editor of four trading services,  Skousen TNT Trader, Skousen Five Star Trader, Skousen Low-Priced Stock Trader, and Skousen Fast Money Alert. He is a former analyst for the Central Intelligence Agency, a columnist to Forbes magazine (1997-2001), and past president of the Foundation for Economic Education (FEE) in New York. He has written articles for The Wall Street Journal, Liberty, Reason, Human Events, the Daily Caller, Christian Science Monitor, and The Journal of Economic Perspectives. He has appeared on ABC News, CNBC Power Lunch, CNN, Fox News, and C-SPAN Book TV. In 2008-09, he was a regular contributor to Larry Kudlow & Co. on CNBC. His economic bestsellers include “Economics on Trial” (Irwin, 1991), “Puzzles and Paradoxes on Economics” (Edward Elgar, 1997), “The Making of Modern Economics” (M. E. Sharpe, 2001, 2009), “The Big Three in Economics” (M. E. Sharpe, 2007), “EconoPower” (Wiley, 2008), and “Economic Logic” (2000, 2010). In 2009, “The Making of Modern Economics” won the Choice Book Award for Outstanding Academic Title. His financial bestsellers include “The Complete Guide to Financial Privacy” (Simon & Schuster, 1983), “High Finance on a Low Budget” (Bantam, 1981), co-authored with his wife Jo Ann, “Scrooge Investing” (Little Brown, 1995; McGraw Hill, 1999), and “Investing in One Lesson” (Regnery, 2007). In honor of his work in economics, finance, and management, Grantham University renamed its business school “The Mark Skousen School of Business.” Dr. Skousen has lived in eight nations, and has traveled and lectured throughout the United States and 70 countries. He grew up in Portland, Ore. He and his wife, Jo Ann, and five children have lived in Washington, D.C.; Nassau, the Bahamas; London, England; Orlando, Fla.; and New York. For more information about Mark’s services, go to http://www.markskousen.com/

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